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THE PARTIES HERETO HAVE EXECUTED THIS CONTRACT <br />BORROWER: Farmers Pawnee Canal <br />Company, a Colorado nonprofit <br />corporation <br />-y- <br />Steve Wagner, Pre dent <br />(SEAL) <br />Attest <br />By k <br />Sandy Ils, Secretary <br />State of Colorado <br />Bill Ritter, Jr., Governor <br />By <br />For the Executive Director <br />Department of Natural Resources <br />Colorado Water Conservation Board <br />Jennifer L. Gimbel, Director <br />0 <br />Pre - Approved Form <br />CWCB Contract Manager <br />ALL CONTRACTS 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 until the State Controller, or such assistant as he may <br />delegate, has signed it. The contractor is not authorized to begin performance <br />until the contract is signed and dated below. If performance begins prior to the <br />date below, the State of Colorado may not be obligated to pay for the goods and /or <br />services provided. <br />David J. McDermott, CPA, State Controller <br />By <br />Effective <br />Loan Contract C150272 <br />Page 11 4t 11 <br />