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4. There are no provisions in any of the Ordway Feedyard Ltd. Liability Co. member's <br /> formation and governing documents that would invalidate the members' approval of <br /> this loan. <br /> 5. The Contract will be valid and binding against the Borrower if entered into by the <br /> CWCB. <br /> Please advise should you have any questions or comments. <br /> Sincerely yours, <br /> WENDY S. SHINN <br /> WSS/sah <br />