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Again, it is imperative that any potential purchaser of 83` JV' Boyd Ditch shares <br />be aware of the commitment of those shares to both temporary and long -term water <br />augmentation at F Street. If you have any questions regarding this matter, please contact <br />me at (303) 298 -8603. A representative of AI will attend the sale in Mr. Dinner's office <br />on August 8, 2011. We request that a copy of this letter be given to any bidder on the <br />Boyd stock certificates and six additional copies are enclosed. <br />Enclosures: Legal Description <br />January 31, 2002 by Carl Hill <br />April 26, 2011 by AI <br />cc w /encls: <br />Roger Schmidt, President, Boyd Irrigation Company <br />Carl Hill, Vice - President, Boyd Irrigation Company <br />Leif Lesoing, Director, Boyd Irrigation Company <br />Mel Dinner, Esq. <br />822 7 Street, Suite 540 <br />Greeley, CO 80631 <br />2010 -1RADC /CADC Venture, LLC <br />4200 W. 115 Street, Suite 100 <br />Leawood, Kansas 66211 <br />Vanessa Orta, Esq. <br />Anderson, McCoy &Orta, P.C. <br />100 North Broadway, Suite 2600 <br />Oklahoma City, OK 73102 <br />Very truly yours, <br />Timothy J. Flanagan <br />t flanagan@fsf-law.com <br />Cohen Financial <br />Loan Administration Operations Unit <br />Attention: Ed Stanley, Sr., Asset Manager <br />4601 College Boulevard, Suite 300 <br />