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THE PARTIES HERETO HAVE EXECUTED THIS CONTRACT <br />BORROWER: MONTEZUMA VALLEY <br />IRRIGATION COMPANY, a Colorado <br />nonprofit corporation <br />By Q!, <br />Randy arver, President <br />84- 0270210 <br />FEIN <br />(SEAL) <br />State of Colorado <br />Bill Ritter, Jr., Governor <br />By P <br />For the txecutive Direct <br />Department of Natural Resources <br />Colorado Water Conservation Board <br />proved Form <br />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 />Leslie M. Shenefelt, State Controller <br />By <br />Effective Date I i y - -0 e <br />Loan Contract C150251 <br />Page 11 of 11 <br />