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<br />THE PARTIES HERETO HAVE EXECUTED THIS CONTRACT <br /> <br />Borrower: Lower Bauer West Lateral, <br />Inc, a Colorado nonprofit corporation <br /> <br />State of Colorado <br />Bill Owens, Governor <br /> <br />By C9~ L7i{,/J <br />Dean E. Wolcott, President <br /> <br /> <br />.~~~ <br /> <br />(SEAL) <br /> <br />By <br />For th Executive Director <br />Department of Natural Resources <br />Colorado Water Conservation Board <br />Rod Kuharich, Director <br /> <br />By <br /> <br />~JLd+ <br /> <br />Leonard Wright, Treasurer <br /> <br />By <br /> <br /> <br />Attest <br /> <br />By <br /> <br /> <br />ALL CONTRACTS MUST BE APPROVED BY THE STATE CONTROLLER <br /> <br />CRS 24-30-202 requires that the State Controller approve all state contracts. This <br />contract is not valid and no loan funds are available until the State Controller, or such <br />assistant as he may delegate, has signed it. <br /> <br />Leslie M. Shenefelt, State Controller <br /> <br />BY~C~ <br />Effective Date f( / J-S-o~ <br /> <br />Page 10 of 10 <br />