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KUTAKROCK <br /> Colorado Water Conservation Board <br /> Department of Natural Resources <br /> June 21, 2018 <br /> Page 3 <br /> supplement this opinion to reflect any facts or circumstances that may hereafter come to our <br /> attention or any changes in law that may hereafter occur. <br /> This opinion may be relied upon solely by the addressee hereto in connection with the <br /> execution and delivery of the Amendment. This opinion may not be relied upon for any other <br /> purpose or by any person other than the addressee. <br /> Sincerely, <br /> Ku : - =ock LLP <br /> By: Kristine L. , Partner <br /> cc: Joan Fritsche,Norton& Smith, P.C. <br /> General Counsel to Borrower <br /> 4821-1667-5432.1 <br />