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<br />1 <br />I <br /> <br />SCHEDULE 1 <br /> <br />Collateral <br /> <br />200 shares of the Class A Series 1 common stock of Clinton <br />Ditch & Reservoir Company, represented by certificate nos. <br />8, 9, 10, 11, 12 and 13 (29 shares each), and no. 14 (26 <br />shares), together with all proceeds, products and <br />accessions. The Collateral entitles the holder thereof to a <br />specified volume of water from the Reservoir Yield of the <br />Clinton Gulch Reservoir located in Summit county, Colorado, <br />as set forth in the Company's articles of incorporation. <br />