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<br />BORROWER. The LOAN CONTRACT and Security Agreement grant additional rights to <br />the CWCB. <br /> <br />8. The CWCB shall give the BORROWER written notice of any alleged default and an <br />opportunity to cure within thirty (30) days of receipt of such notice before the <br />BORROWER shall be considered in default for purposes of this Promissory Note. <br /> <br />9. The BORROWER and any co-signer or guarantor hereby agree that if this Note or <br />interest thereon is not paid when due or if suit is brought, then it shall pay all <br />reasonable costs of collection, including reasonable attorney fees. In the event of any <br />bankruptcy or similar proceedings, costs of collection shall include all costs and <br />attorney fees incurred in connection with such proceedings, including the fees of <br />counsel for attendance at meetings of creditors' committees or other committees. <br /> <br />10. This Note shall be governed in all respects by the laws of the State of Colorado. <br /> <br />BORROWER: Ground Water Management <br />Subdistrict of the Central Colorado Water <br />Conservancy District <br /> <br />(S~AL) <br /> <br />Attest: <br /> <br /> <br />By !W.V,U <br />Thomas V. Cech, Secretary <br /> <br />Page 2 of 2 <br />