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<br />. ) <br /> <br />9. This Assignment shall be construed in accordance with the laws of the State of Colorado. <br /> <br />10. The Debtor and Secured Party specifically request the Bank to honor and accept this Assignment <br />and its terms. <br /> <br />Executed this R day of .::;;;/ <./ <br />/ <br /> <br />1998. <br /> <br />SEAL <br /> <br />The Left Hand Ditch Company, a Colorado <br />nonprofit ditch and reservoir company <br /> <br />6i~JJ;J3~ <br /> <br />By <br /> <br /> <br />Richard Behrmann, President <br /> <br />ACKNOWLEDGMENT By BANK <br /> <br />By its officer's signature below, the Community First National Bank, Niwot, Colorado ("Bank") <br />acknowledges that it has received a copy of the foregoing Assignment and agrees that neither the <br />Debtor nor anyone else (except Secured Party) has any right to withdraw any funds from the above- <br />described Account listed above until the Secured Party releases this agreement in writing, except <br />that, at the Debtor's request, the Bank shall allow transfers of funds from the Account to Secured <br />Party. The Bank acknowledges that the AccoLmt is a special deposit and that the funds deposited <br />therein are to be used solely for Debtor's repayment to the Secured Party of the Loan, and waives <br />any right of setoff it may have in and to the Account. <br /> <br /> <br />Nation~i\ank, Niwot, Colorado <br />U/ \j < 'F=: <br />Donna S. . b~ger, Vice-President <br />() - 3-Sy <br /> <br />Date <br /> <br />:A!cO~ <br /> <br />Corporate Secretary <br />