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i. BASE LOAN AMOUNT: Loan amount that does not include the one percent (i%) Loan <br /> Origination fee. This the amount disbursed by CWCB to the BORROWER. <br /> ii. BORROWER:An eligible entity, as specified, who will be responsible for the <br /> repayment of the loan. <br /> iii. LOAN DOCUMENTS: Include all formal loan contract documents including but not <br /> limited to the executed loan contract, all executed appendices, and all executed <br /> amendments. <br /> iv. LOAN ORIGINATION FEE: One (i%) of the BASE LOAN AMOUNT. <br /> v. LOAN SECURITY: Property or other assets that BORROWER offers to secure the loan. <br /> vi. PROMISSORY NOTE:The document providing a written agreement to pay the TOTAL <br /> LOAN AMOUNT to CWCB. <br /> vii. SECURITY AGREEMENT: The document that provides a security interest in a specified <br /> asset pledged as collateral. <br /> viii. TOTAL LOAN AMOUNT: BASE LOAN AMOUNT and LOAN ORIGINATION FEE of one <br /> percent (i%). <br /> B. LOAN PROVISIONS <br /> 1. Loan Origination Fee. The TOTAL LOAN AMOUNT shall include (1) the BASE LOAN <br /> AMOUNT loaned by the CWCB, to the BORROWER, for the PROJECT and (2) a LOAN <br /> ORIGINATION FEE of one percent (i%) of the BASE LOAN AMOUNT. <br /> 2. Amendments and Option Letters. In the event that the BORROWER does not use the <br /> full amount authorized, the parties shall amend this CONTRACT or exercise an OPTION <br /> LETTER (attached as APPENDIX 2) to revise the TOTAL LOAN AMOUNT including an <br /> adjustment of the LOAN ORIGINATION FEE to reflect i% of the actual amount disbursed <br /> to the BORROWER.An amendment to this CONTRACT shall be executed for the following <br /> changes including, but not limited to, an increase in TOTAL LOAN AMOUNT, change in <br /> pledged revenues or property, and decrease in TOTAL LOAN AMOUNT with a change in <br /> the annual loan payment. Additionally, upon substantial completion of the PROJECT, <br /> the following applies: <br /> a. Upon substantial completion of the PROJECT with a resulting decrease in <br /> the TOTAL LOAN AMOUNT and the BORROWER requests a change in the annual <br /> loan payment; the PARTIES agree to amend this contract. <br /> Page 2 of i4 <br />