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STOCKHOLDERS RESOLUTION Wamsley cattle company, Inc. WHEREAS, Wamsley Cattle Company, Inc. (the Corporation) desires to borrow funds from the state of Colorado in order to make repairs to the Pole Mountain Reservoir which reservoir is located on real property located in Jackson County, Colorado, owned by the Corporation. WHEREAS, the Corporation has been advised that in order to obtain a loan from the state of Colorado it will be necessary to pledge security in case anticipated revenues are insufficient to comply with the repayment schedule. WHEREAS, it is the purpose of this meeting to approve the corporations obligations, as a the State of Colorado; of stockholders contractor, to WHEREFORE, IT IS HEREBY RESOLVED THAT: 1. The Corporation, as a contractor, is hereby authorized to borrow funds from the State of Colorado for purposes of making repairs to and rehabilitating the Pole Mountain Reservoir. 2. The Corporation is authorized to pledge revenues sufficient to assure repayment of the loan obtained from the State of Colorado. 3. property Colorado. The Corporation is authorized which it owns as a form of to pledge certain real security to the State of 4. The Corporation acknowledges that or additional fees may be necessary in insufficient to make payments pursuant to the special assessments case revenues are loan agreement. 5. The officers of the Corporation are authorized to sign a security agreement in favor of the State of Colorado in order to secure repayment of the obligation. 6. The President and Vice-President of the Corporation are authorized to sign any loan documents reasonably necessary in order to effectuate the loan agreement between the State of ~rado and thlejCjrporation. M /fII il?~J3,W~< Donald W. Wamsley, Shareho r Robert B. Wamsley, Shareholder Dated: {;k!;. 2/ /9'CJtj Dated: :2.. - ~ - "7 t-.j 2~1:' Or; /Zk-107~~~ Richard E. "Wamsley, Sharehol er Dated: ~/)//gjl EXHIBIT "A"