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<br />.~ <br /> <br />. .,-''\ <br /> <br />STOCK ASSIGNMENT <br /> <br />FOR VALUE RECEIVED, the Arkansas Groundwater Users Association hereby sells, <br />assigns and transfers 1 ,007 shares of the capital stock of the Excelsior Irrigating Company unto <br />the Colorado Water Conservation Board, which stock is standing in the name of the undersigned <br />on the books and records of the Company represented by the Certificate No.7, and does hereby <br />irrevocably constitute and appoint as attorney-in-fact <br />to transfer the said stock on the books of the Company with full power of substitution in the <br />premises. This Stock Assignment shall be effective solely in the event of a default by the <br />Arkansas Groundwater Users Association under Loan Contract No. C153808 with the Colorado <br />Water Conservation Board. <br /> <br />Dated this <br /> <br />day of March 1 998 <br /> <br />(SEAL) <br /> <br />Arkansas Groundwater Users Association <br />a Colorado nonprofit corporation /?L- <br /> <br />BY 1':. tJ~ <br />lORD G. WALTER, VICE-PRESIDENT <br /> <br /> <br />ATTEST: <br /> <br />By <br /> <br />~~&ak <br /> <br />Keith Beattie, Corporate Secretary <br /> <br />Appendix 6 to Loan Contract No. C153808 <br />