AMENDMENT NO. 1 TO INDENTUREIndenture • March 5th, 2018 • AlabamaAmendment No. 1 to Indenture (this “Amendment”), dated as of , 2018 (the “Effective Date”), by and among TOWN MADISON COOPERATIVE DISTRICT, a public corporation organized under the laws of the State of Alabama (the “District”), TOWN MADISON BONDHOLDER, LLC, a limited liability company organized under the laws of the State of Alabama (the “Bondholder”), and REGIONS BANK, a banking corporation organized under the laws of the State of Alabama (the “Paying Agent”).