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10—DISBURSEMENT SCHEDULE <br /> For a Water Rights purchase, the BORROWER shall prepare a written request for <br /> funds that shall describe the upcoming closing on Water Rights purchase including, <br /> but not limited to, the name of the seller, cost, closing date, and appraisal value and <br /> support documentation in the form of copies of the sales agreement and the <br /> appraisal pursuant to Section 8 above. After receipt of the written request from the <br /> BORROWER, and review and acceptance of the items therein as eligible expenses as <br /> described above, the CWCB will pay to the BORROWER the amount set forth in the <br /> request or such portion that has been approved by the CWCB. Such payment shall <br /> be made within thirty (30) days from the CWCB's approval of each request. <br /> SECTION 11 —TIME FOR PERFORMANCE <br /> PROJECT Beginning: Upon Effective Date of this CONTRACT (the date this <br /> CONTRACT is signed by the State Controller or his designee). <br /> PROJECT Finish: Two (2) years from the Effective Date of this CONTRACT <br /> [THE REST OF THIS PAGE INTENTIALLY LEFT BLANK] <br /> Appendix 1 to Loan Contract C150379 <br /> Page 3 of 3 <br />