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li <br /> CWCB Water Project Loan Application <br /> Remaining Annual Maturity <br /> Lender Name&Address Amount Payment Date <br /> Not applicable. Last Chance Ditch Company has no outstanding debt at this time. <br /> 2. Are any of the above liabilities now in default, or been in default at any time in the past? <br /> YES NO . If YES,please give detailed explanation. <br /> Not applicable. Last Chance Ditch Company has no outstanding debt at this time. <br /> 3. Please provide a brief narrative description of sources of funding, in addition to the CWCB, <br /> which have been explored for this project (Examples would be Banks, USDA Rural <br /> Development, NRCS, Colorado Water Resources and Power Development Authority, Colorado <br /> Division of Local Government,etc.). <br /> Last Chance Ditch is only seeking funding through the CWCB Water Project Loan and <br /> plans to increase shareholder's annual assessments to repay the loan. <br /> 4. What collateral will you be offering for this loan? Possibilities include a pledge of revenues, <br /> the project itself,real estate,water rights. <br /> Last Chance Ditch is pledging annual assessment income and the project itself as <br /> collateral. <br /> • <br /> The above statements are true,to the best of my knowledge: <br /> Signature of Applicant ALM Xvr(-4- <br /> Printed <br /> Name Gar re-N-- l/G r rok. <br /> Title VI Z C �(.--e S,J e -) f <br /> + L i2 11 <br /> Date r/ / <br /> 4 <br />