Exhibit 10.2
Loan No. RX0785T02A

FIRST AMENDMENT TO
PROMISSORY NOTE AND SUPPLEMENT
THIS FIRST AMENDMENT TO PROMISSORY NOTE AND SUPPLEMENT (this "Amendment") is
entered into as of September 4, 2012, between CONNECTICUT WATER SERVICE, INC., a
Connecticut corporation (the "Company"), and CoBANK, ACB, a federally chartered
instrumentality of the United States ("CoBank").
BACKGROUND
The Company and CoBank are parties to a Promissory Note and Single Advance Term
Loan Supplement dated as of June 29, 2009 (the “Supplement”). The parties now
desire to amend the Supplement.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties agree as follows:
SECTION 1.    Defined Terms. All capitalized terms used herein and not otherwise
defined herein shall have the meanings given to those terms in the Master Loan
Agreement dated as of June 29, 2009, between the Company and CoBank, as same may
have been amended (the "MLA").
SECTION 2.    Amendments.     
(A)
Promissory Note.    Section 6 of the Supplement is hereby amended and restated
to read as follows:

SECTION 6.     Promissory Note. The Company promises to repay the unpaid
principal balance of the loan on January 2, 2014, or such later date as CoBank
may, in its sole discretion, authorize in writing.
(B)
Prepayment.    Section 7 of the Supplement is hereby amended and restated to
read as follows:

SECTION 7.     Prepayment. Subject to Section 10.01 of the MLA:
(A)
Voluntary Prepayment. The Company may, on two Business Days’ prior notice,
prepay all or any portion of the loan.

(B)
Mandatory Prepayment. The Company shall prepay the loan in the event the Company
raises any equity capital. Such prepayment shall be due within two Business Days
of the day on which it raises such equity capital, and the Company shall
promptly notify CoBank of its receipt of any equity capital.

(C)
Application of Prepayments. All prepayments shall be applied: (1) first to
balances bearing interest at the variable rate option referred to in Section
4(A) hereof; and (2) then to such fixed rate balances (whether under Section
4(B) or 4(C) hereof), as CoBank shall specify in its discretion.

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SECTION 3.    Representations and Warranties. To induce CoBank to enter into
this Amendment, the Company represents and warrants that: (A) no consent,
permission, authorization, order or license of any governmental authority or of
any party to any agreement to which the Company is a party or by which it or any
of its property may be bound or affected, is necessary in connection with the
execution, delivery, performance or enforcement of this Amendment; (B) the
Company is in compliance with all of the terms of the Loan Documents, and no
Default or Event of Default exists; and (C) this Amendment has been duly
authorized, executed and delivered, and creates legal, valid, and binding
obligations of the Company which are enforceable in accordance with their terms,
except to the extent that enforceability may be limited by applicable
bankruptcy, insolvency or similar Laws affecting the rights of creditors
generally. Without limiting (B) above, the Company represents and warrants that
it is in compliance with all notice provisions of the MLA, including, without
limitation, the requirement to notify CoBank of the commencement of material
litigation and of certain environmental matters.
SECTION 4.    Confirmation. Except as amended hereby, the Supplement shall
remain in full force and effect as written.
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by
their duly authorized officers as of the date shown above.
CoBANK, ACB
 
CONNECTICUT WATER SERVICE, INC.
By:
/s/ Shannon Davoren
 
By:
/s/ David C. Benoit
Title:
Assistant Corporate Secretary
 
Title:
CFO