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2. It is expressly agreed by the parties 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 CWCB agrees that it shall loan the BORROWER an additional loan amount of $301,500 (ADDITIONAL LOAN AMOUNT). The terms for the ADDITIONAL LOAN AMOUNT are an interest rate of 4% per annum for a term of 30 years. The BORROWER hereby agrees to repay the loan in accordance with the terms of the ORIGINAL CONTRACT as herein amended and the attached Promissory Note. 4. The BORROWER has adopted a resolution, irrepealable for the term of this loan, authorizing the BORROWER to enter into this contract amendment to borrow the ADDITIONAL LOAN AMOUNT, to establish and collect assessments sufficient to pay the annual loan payments, to pledge said assessments for repayment of the loan, and to execute documents necessary to convey a security interest in said assessments and collateral, if necessary, to the CWCB. Said resolution is attached as Appendix A. 5. Prior to the execution of this Amendment by the CWCB, the BORROWER shall submit to the CWCB a letter from its attorney stating that it is the attorney's opinion that (1) the person(s) signing for the BORROWER was duly elected or appointed and has authority to sign such documents on behalf of the BORROWER and to bind the BORROWER; (2) the BORROWER'S governing body has validly adopted a resolution approving this Amendment; (3) there are no provisions in the any state or local law that prevent this Amendment from binding the BORROWER; and (4) this Amendment will be valid and binding against the BORROWER if entered into by the CWCB. 6. The BORROWER agrees that it shall execute the following documents, all of which shall set forth the loan amount of $2,658,500: a. Promissory Note, attached as Appendix B and incorporated herein, which shall replace and supersede the Promissory Note in the amount of $2,357,000 dated April 1 , 2001. b. Amended Deed of Trust, attached hereto as Appendix C and incorporated herein, which shall supplement and operate in conjunction with the Deed of Trust dated December 9, 1996 and the Amended Deed ofT rust dated April 1 , 2001. c. Amendment No. 2 to Security Agreement, attached hereto as Appendix D and incorporated herein, which shall supplement and operate in conjunction with the Security Agreement dated October 23, 1996 and the Amended Security Agreement dated April 1, 2001. 7. The parties agree that the ORIGINAL CONTRACT, is and shall be modified, altered, and changed in the following respects only: a. The third line of Paragraph A.2, Time for Project Completion, shall be amended to read as follows: ''with construction in order to complete the PROJECT no later than December 31, 2003." Page 2 of 4