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Revised: 4/1 /04 <br />THE PARTIES HERETO HAVE EXECUTED THIS CONTRACT <br />Borrower: Mancos Valley Beaver Ditch <br />Company, a Colorado nonprofit <br />corporation <br />By <br />~n_a.h /~. Z~vr~ <br />Oran R. White, President <br />(SEAL~~uSOC <br />Attest ~./ <br />~~r~__ : <br />Y <br />Scott J kowski, Secretary-Treasurer <br />State of Colorado <br />Bill Owens, Governor <br />g ~~i` ~i ~ ~ <br />Y <br />For the xecutive Director <br />Department of Natural Resources <br />Colorado Water Conservation Board <br />Rod Kuharich, Director <br />P e-Approved Form <br />. ~ <br />~ <br />,~~ <br />By <br />CWC Co tract Manager <br />ALL CONTRAGTS MUST BE APPROVED BY THE STATE CONTROLLER <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 />Leslie M. Shenefelt, State Controller <br />BY ~ ~ <br />Effective Date b Jc~~S ~~ <br />Page 10 of 10 <br />