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NOW THEREFORE, it is hereby agreed that 1. Consideration for this AMENDMENT to the ORIGINAL LOAN CONTRACT consists of the payments which shall be made pursuant to this AMENDMENT and ORIGINAL LOAN CONTRACT and the promises and agreements herein set forth. 2. It is expressly agreed by the parties that this AMENDMENT is supplemental to the ORIGINAL LOAN 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. It is agreed the ORIGINAL LOAN CONTRACT is and shall be modified, altered, and changed in the following respects only: a. Paragraphs A.2 (a), (b) and (c) are revised as follows: The collateral for this loan, currently secured by a deed, will now include the BORROWER'S water revenues from assessments levied for that purpose backed by a rate covenant and a facilities fee as authorized by the BORROWER'S RESOLUTION, attached hereto as ATTACHMENT A and incorporated herein. b. Paragraph A.9 (Promissory Note Provisions) is revised as follows: The BORROWER shall execute the AMENDED PROMISSORY NOTE, attached hereto as ATTACHMENT B and incorporated herein, which shall replace and supersede the Promissory Note Provision of the ORIGINAL LOAN CONTRACT and Borrower agrees to repay the loan in accordance with the terms as set forth in the Promissory Note. c. The BORROWER shall also execute an AMENDED SECURITY AGREEMENT, attached hereto as ATTACHMENT C and incorporated herein, which shall supplement and operate in conjunction with the Security Agreement Provision of the ORIGINAL LOAN CONTRACT, to provide a security interest to the CWCB in the pledged revenues and a facilities fee. The BORROWER will also provide annual financial reporting. This brings them in compliance with CWCB Financial Policy #5. d. The Borrower shall execute an AMENDED DEED OF TRUST, attached hereto as ATTACHMENT D and incorporated herein, which shall replace and supersede the Deed of Trust in the ORIGINAL LOAN CONTRACT C153347. e. Add the following CORA Disclosure Language: To the extent not prohibited by federal law, this CONTRACT and the performance measures and standards under CRS §24- 103.5 -101, if any, are subject to public release through the Loan Contract C153347 Amendment 2 Page 2 of 6