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) ) F. The ORIGINAL CONTRACT, as amended, required the BORROWER to complete its purchases of the SHARES by May 28, 2000. To date, the BORROWER has purchased 3,382 shares in the Highland Irrigation Company. On December 6, 1999, the CONTRACTOR requested a one-year extension of time to complete its purchases of the SHARES. G. The STATE and the CONTRACTOR have agreed to amend this contract to provide for the purchase of shares in the Las Animas Consolidated Canal Company and to extend the time for completion of the BORROWER'S purchase of the SHARES by one year to . May 28, 2001. . . NOW THEREFORE, the partie~,herlebY agree that 1. Consideration for this Amendment to the ORIGINAL CONTRACT consists of the payments which shall be made pursuant to this Amendment and the ORIGINAL CONTRACT and the promises and agreements herein set forth. 2. The parties expressly agree that this Amendment is supplemental to .the ORIGINAL CONTRACT and all terms, conditions, and provisions thereof, unless specifically modified herein, are to apply to this Amendment as though they were expressly rewritten, incorporated, and included herein. 3. The parties agree that the ORIGINAL CONTRACT is and shall be modifiEld, altered, and changed in the following respects only: a) The following paragraph shall be added as Factual Recital 11 : At its May 1999 meeting, the CWCB approved the BORROWER'S use of loan funds under this contract to purchase any combination of shares in the Amity. Mutual Irrigation Company, the Fort Bent Ditch Company, the Highland Irrigation. Company, or the Las Animas Consolidated Canal Company ("SHARES"), with all SHARES purchased to be pledged as collateral for the. loan, except for one share of Las Animas Consolidated Canal Company which may be traded for shares in the Highland Irrigatilon Company, with those shares being pledged as collateral forthe loan.. b) The second sentence of Paragraph A.1 of the ORIGINAL CONTRACT shall be amended to read as follows: "Therefore, the BORROWER shall complete its purchase of the Shares no later than May 28, 2001." " . 4. The effective date of this Amendment is the date first written above. 5. Except for the SPECIAL PROVISIONS, in the event of any conflict, inconsistency, variance, or contradiction between the provisions of this Amendment and any of the provisions of the ORIGINAL CONTRACT, as amended, the provisions of Ilhis Amendment shall in all respects supersede, govern, and control. The SPECIAL PROVISIONS shall always be controlling over other provisions in the contract or '. Lower Arkansas Water M~mag~m~nt Association Page 2 013 Contract Amendment No.2