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APPENDIX E <br /> POWER PURCHASE AGREEMENT <br /> Execution Version <br /> POWERPB��G ENT <br /> PELTA4VIONTROSE:kLECTRIGASSOCIA`f ION <br /> SHAVANO FALLS HYDRO LLC <br /> This Power Purchase Agreeme-lit(this"Agreement"}is made and entered into this <br /> day of August,014 (the E f - bate"), by and between the Delta-Montrose Electric <br /> Assodatlon,;a cooperative association organized under the laws of the Mate of Colorado,Its <br /> pettsiffed2. successors and assigns(thereinafter referred to as"tBuyer"i,and Shavano fat15-fli iro <br /> LIC,a limited y company formed under the laws of the State of Colorado,its pernit fed <br /> successors and assigns (hereinafter referred to as "Seger").Buyer and Seller are hereinafter <br /> known collectively as the'iParties"and Individually as a"Party." <br /> 1. IIEOTALS: <br /> 1.k Buyer was created for the purpose of pboviing, acquiring; financing, and <br /> operating facilities to generate and transm)t electric power and anergy for its <br /> 1.2 Setter dealres to build up to three (3) hydroelectric gene farms, as <br /> W11. described below(each generating fiidhty,a"Unit"apo .may,the <br /> "P1010ct1, and desires to sett to Buyer,'ate Buyer dedres to purdiase froio <br /> seller,:dur*the Term(as defined below),the Output from the Project WOO <br /> to'the terms and conditions set forth in this Agreement and at the prices set <br /> forth in this Agreement <br /> Nt W 1HEBEFORl,in consideration el the foregoing Recitals,which are Incorporated <br /> herein,4he mutual covenants and agreements herein set forth,end other good and <br /> moderation, the sufficiency of which is hereby admowledged,the Parties <br /> kiln*: <br /> DEpi$MO S:For purpo$es of ttls Wit.all tcaths used Bdri tit Inittal 0100 <br /> letters uitii;101 otherwise defined herein shall have the definitions asc#lbed to them in this <br /> Section 2. <br /> II "lith Period"Is a,period of time,normally cOinclding with a calendar nnirith, <br /> during width the amount of Output Is aid for-the purpose of sale by <br /> Seller and purchase by Buyer. <br /> 2.2 "Capacity and Energy Rater"is as shown in Exhibit 1,attached hereto,and made <br /> a part of this Agreement. <br /> Page1of24 <br /> 129 <br />