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RESOLUTIONS OF THE SHAREHOLDERS <br /> OF THE RIVERSIDE RESERVOIR AND LAND COMPANY <br /> The Shareholders of the Riverside Reservoir& Land Company, at a meeting held February 5, <br /> 2009 at Fort Morgan, Colorado, adopted a resolution stating adopted the following resolutions <br /> concerning a secured loan from the State of Colorado Water Conservation Board (CWCB), for the <br /> purpose of constructing the Spillway Project: <br /> "Should the Board of Directors obtain a loan to the Company from the Colorado Water <br /> Conservation Board for the purpose of financing the construction of an emergency spillway on the <br /> Riverside Reservoir in accordance with terms to be negotiated and approved by the Board? The <br /> total cost of construction is currently estimated to be approximately $2,500,000." <br /> The measure passed with 2,294.25 rights (99.7%) voting in favor and 8 rights (.3%) voting <br /> against. <br /> CERTIFICATION <br /> THE UNDERSIGNED, RESPECTIVELY, THE PRESIDENT AND SECRETARY OF THE COMPANY, HEREBY <br /> CERTIFY THAT THE FOREGOING ARE TRUE AND CORRECT COPIES OF RESOLUTIONS DULY ADOPTED AT A <br /> MEETING OF THE COMPANY'S SHAREHOLDERS DULY CALLED AND HELD AS ABOVE RECITED, PURSUANT <br /> TO THE COMPANY'S BYLAWS, AND THAT SAID RESOLUTIONS HAVE NOT BEEN AMENDED OR RESCINDED. <br /> GIVEN UNDER OUR HANDS AND THE SEAL OF THE COMPANY THE FIFTH DAY OF FEBRUARY, 2009. <br /> ( SEAL ) <br /> By -(24 6�e <br /> Alan Meyer, Preset <br /> ATTEST: <br /> By 1 - <br /> Donald Snider, Corporate Secretary AD IN FULL <br /> Appendix 3a to Loan Contract C150291 <br />