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APPENDIX B,AMENDMENT No. 1 TO LOAN CONTRACT C150342 <br /> AMENDMENT TO THE SECURITY AGREEMENT <br /> DEBTOR: SANCHEZ DITCH AND RESERVOIR COMPANY <br /> SECURED PARTY: COLORADO WATER CONSERVATION BOARD <br /> DATE OF ORIGINAL SECURITY AGREEMENT: FEBRUARY 18,2013 <br /> ORIGINAL PROMISSORY NOTE: $1,128,776 DATED FEBRUARY 18, 2013, WITH AN INTEREST <br /> AT THE RATE OF 1.75% WITH ANNUAL PAYMENT OF <br /> $56,133.48 FOR A PERIOD OF 30 YEARS OR UNTIL PAID IN <br /> FULL. <br /> ORIGINAL LOAN CONTRACT: C150342,DATED MARCH 21,2013 <br /> 1. Pursuant to the Board's approval of a loan increase of$252,200 on July 17, 2014, the total loan amount <br /> was increased from a not to exceed amount of $1,128,776 to $1,381,276. The loan terms shall be <br /> revised from thirty (30) years to forty (40) years and the interest rate shall be modified from 1.75% to <br /> 2.0%. <br /> 2. The Parties expressly agree that this Amendment is supplemental to the original Security Agreement and <br /> all terms, conditions, and provisions thereof, unless specifically modified below, are to apply to this <br /> Amendment as though they were expressly rewritten, incorporated, and included herein. <br /> Amended Loan Contract: Amendment No. 1 to Loan Contract No.C150342 <br /> Replacement Promissory Note: Total amount of$1,381,276, as of CWCB approval on July <br /> 17, 2014, for forty(40) years or until the loan is paid in full <br /> at an interest rate of 2.0%. <br /> (S E A L) <br /> Debtor: Sanchez Ditch and Reservoir Company, a <br /> Colorado nonprofit corporation <br /> Attest: /� <br /> By � / L«e <br /> Signature <br /> By /2.z.--, e-c <br /> iSignature <br /> Name---1 ,77 /02 e--.,' • <br /> Name /�'y' `jf�s�;-c. <br /> Title /32 e-s-f 4:/7 Title 52---e./' <br /> Date 179-14 Date 1",-5)- P/ <br /> Appendix B to Amendment No.1 <br /> Page 1 of 1 <br />