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EXHIBIT B SUBORDINATION AGREEMENT THIS SUBORDINATION AGREEMENT is made on ,between address _, as owner of the land (Landowner), whose and (Beneficiary), the present holder of a Deed of Trust and note, whose address is RECITALS Landowner is the owner of a certain parcel of real property situated in the County of Weld and State of Colorado, as described in EXHIBIT B-I, attached to and incorporated herein, did execute a Deed of Trust dated , to the Public Trustee dated ,the Public Trustee in and for the County of to secure a note in the original principal amount of $ dated ,and payable to .Said Deed of Trust was recorded on at Reception No. , of the records of said County. 2. The Smith and Emmons Ditch (Ditch) crosses portions of the property described in EXHIBIT B-1. To facilitate Landowner's proposed development of the property, Lafarge West, Inc. ("Lafarge") and the owner of the Ditch, the Smith and Emmons Ditch Company (Ditch Company), entered into an Agreement to Modify Ditch and Ditch Easement (Agreement), which is attached hereto as EXHIBIT B-2. To facilitate the extraction of sand and gravel from the Property, Landowner desires to relocate approximately one thousand three hundred and fifty (1350) feet of the Ditch and to install a one thousand two hundred and fifty (1250) foot long concrete-lined ditch; three (3) drop structures; six (6) underdrains; one (])concrete culvert; and one (1) diversion structure (Installations). The Agreement sets forth terms, rights and obligations with respect to the Installations. Paragraph 3.2 of the Agreement requires the Landowner to deed an easement, the form of which is attached as Exhibit C to the Agreement, to the Ditch Company for the relocated portion of the Ditch (Easement Deed). 3. It is the desire of the parties and to the mutual benefit of all parties that the lien of the Deed of Trust in favor of the Beneficiary be subordinate to the Easement Deed to be deeded by Landowner in the future. C:\DOCUME-11SIANZEMLOCALS-1 \TEM%C.NOTES. DATA\-489266].DOC 9I9N9 3:3] PM MEW t ()