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d <br />TIMOTHY J. DOW, MBA, JD <br />PATRICIA T. DOW, CPA, JD, LLM* <br />MAYO SOMMERMEYER, LLC <br />OF COUNSEL <br />THE DOW LAW FIRM, LLC <br />ATTORNEYS AND COUNSELORS AT I.AW <br />P.O. BOX 1578 <br />FORT COLLINS, COLORADO 80522-1578 <br />(970)498-9900 <br />#7CLOCKTOWERSQUARE <br />323 SOUTH COLLEGE AVENUE <br />FORT COLLMS, COLORADO 80524 <br />FAX: (970) 498-9966 <br />E-MAIL: dow@dowlawfirm.com <br />October 29, 2008 <br />Via FedEx <br />Vaughn McWilliams <br />Contract Administrator <br />Water Supply Planning and Finance Section <br />Colorado Water Conservation Board <br />1580 Logan Street, Suite 750 <br />Denver, CO 80203 <br />Re: Contract C1500271 <br />Borrower: WRCC, Inc. <br />Dear Mr. McWilliams: <br />• ALSO ADMITTED TO PRACTICE LAW Qd NEBRASKA <br />Enclosed for your handling are four complete sets of duplicate originals of the loan <br />documents which have now been duly executed by the Borrower per our prior communications. <br />You should also find enclosed our Opinion of Counsel as required. <br />Please note that you will need to complete the dates on a few of these documents <br />including: <br />■ The date at the top of page 1 of the Loan Contract (the effective contract date); <br />■ Completing your internal funding codes, etc. on Recital 1 of the Loan Contract; <br />■ Having the Contract executed by the appropriate officials on behalf of the state <br />and the CWCB on page 11 of the Contract; <br />■ Completing the date, payment initiation date and maturity date at the top of the <br />page 1 of the Promissory Note; <br />■ Completing the dates as required at the top of the Security Agreement. <br />■ Note we have not signed or completed the automatic deposit authorization form as <br />we have not used this in the past and do not plan to do so for this particular loan <br />either. <br />