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<br />, , <br /> <br />Section 8. This First Amendment to Defeasance Escrow Agreement may be executed in <br />several counterparts, all or any of which shall be regarded for all purposes as one original and <br />shall constitute and be but one and the same instrument. This First Amendment to Defeasance <br />Escrow Agreement shall be governed by the laws of the State of Colorado, without regard to <br />conflict of laws principles, ;:; <br /> <br />Section 9. Time shall be of the essence in the performance of obligations from time to <br />time imposed upon the Bank by this First Amendment to Defeasance Escrow Agreement. <br /> <br />IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to <br />Defeasance Escrow Agreement to be duly executed and delivered by their respective officers <br />thereunto duly authorized as of the date first above written. <br /> <br />THE TOWN OF ERIE <br /> <br />~-'t(;~r~^~ <br /> <br />layor <br /> <br />THE BANK OF CHERRY CREEK, N.A. <br /> <br />By U~~ <br /> <br />Authorized Officer <br /> <br />02.86734.02 <br /> <br />3 <br />