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<br />, <br /> <br />STOCK ASSIGNMENT <br /> <br />For value received, the Arkansas Groundwater Users Association hereby sells, <br />assigns and transfers 785 shares of stock of the Excelsior Irrigating Company <br />unto the COLORADO WATER CONSERVATION BOARD, which stock is standing in the <br />name of the undersigned on the books and records of said company represented <br />by Certificate No. ...JtL and do hereby irrevocably constitute and appoint <br />as attorney-in-fact to transfer the said stock on the <br />books of the company with full power of substitution in the premises. This Stock <br />Assignment shall be effective solely in the event of an issuance by a Colorado <br />District Court of an order authorizing a foreclosure sale of said shares of stock <br />pursuant to Rule 120 of the Colorado Rules of Civil Procedures. <br /> <br />Dated <br /> <br />SEAL <br /> <br />Arkansas Groundwater Users <br />Association, a Colorado nonprofit <br />corporation <br /> <br />~';/h{L <br /> <br />homas M. Dines, Vice-President <br /> <br />ATTEST: <br /> <br /> <br />, lJ C?/t!;; <br /> <br />Appendix 6 to Loan Contract C150156 <br />