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THEREFORE, in consideration of the mutual and dependent covenants contained <br /> herein, the parties agree as follows: <br /> A. LOAN PROVISIONS <br /> 1. Loan Origination Fee. The amount of the loan (LOAN AMOUNT) shall include (1) <br /> the amount of the funds loaned by the CWCB to the BORROWER for the PROJECT <br /> and (2) a loan origination fee of one percent (1%) of the PROJECT amount. In the <br /> event that the BORROWER does not use the full LOAN AMOUNT authorized, the <br /> parties shall amend this CONTRACT to revise the LOAN AMOUNT including <br /> adjustment of the loan origination fee to reflect 1% of the actual LOAN AMOUNT <br /> disbursed to the BORROWER. <br /> 2. Contract Amendment Service Fees. Under certain circumstances, the <br /> BORROWER shall be assessed a service fee for amending the CONTRACT. <br /> a. A service fee shall be imposed on the BORROWER for amendments processed for <br /> the benefit of the BORROWER and necessary for the BORROWER'S course of <br /> business but not necessary for the CWCB, including, but not limited to, a change <br /> in BORROWER name, assignment of contract, substitution of collateral, loan <br /> payment deferments in excess of 3 per loan, and loan consolidation. <br /> Amendments in the course of CWCB business, including but not limited to, loan <br /> payment deferments (up to 3 per loan) and changes in terms of loan repayment <br /> will be processed at no additional charge to the BORROWER. <br /> b. The amount charged shall be in accordance with the service fee rate structure <br /> set forth in the CWCB Loan Service Charge Policy in effect at the time the <br /> BORROWER shall request an amendment. The current service fee for an <br /> amendment is $1,000. <br /> c. The BORROWER shall remit the service fee to the CWCB prior to initiation of the <br /> amendment. Any service fee remitted to the CWCB cannot be refunded. <br /> 3. Promissory Note Provisions. The CWCB agrees to loan to the BORROWER an <br /> amount not to exceed the LOAN AMOUNT and the BORROWER agrees to repay the <br /> loan in accordance with the terms as set forth in the PROMISSORY NOTE, attached <br /> hereto as APPENDIX 2 and incorporated herein. The PROMISSORY NOTE shall <br /> identify the LOAN AMOUNT. If the amount of loan funds disbursed by the CWCB to <br /> the BORROWER differs from the LOAN AMOUNT, the parties agree to amend the <br /> Promissory Note and this CONTRACT, including its appendices where necessary, to <br /> revise the LOAN AMOUNT. <br /> 4. Interest Prior to Project Completion. As the loan funds are disbursed by the <br /> CWCB to the BORROWER, interest shall accrue on the disbursed funds at the rate <br /> set by the CWCB for this loan. The CWCB shall calculate the amount of the <br /> interest that accrued prior to PROJECT'S substantial completion (as determined by <br /> the CWCB) and notify BORROWER of such amount. The BORROWER shall repay <br /> that amount to the CWCB either within ten (10) days from the date of notification <br /> from the CWCB, or, at the CWCB's discretion, said interest shall be deducted from <br /> Page 2 of 13 <br />