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INSTRUMENTS grant additional rights to the CWCB,including the right to accelerate the maturity <br /> of this PROMISSORY NOTE in certain events. <br /> 7. If any annual payment is not paid when due or any default under the LOAN CONTRACT or the <br /> SECURITY INSTRUMENTS securing this Note occurs, the CWCB may declare the entire outstanding <br /> principal balance of the Note, all accrued interest, and any outstanding late charges immediately <br /> due and payable, and the indebtedness shall bear interest at the rate of 7% per annum from the <br /> date of default.The CWCB shall give the BORROWER written notice of any alleged default and an <br /> opportunity to cure within thirty (3o) days of receipt of such notice before the BORROWER shall <br /> be considered in default for purposes of this PROMISSORY NOTE. <br /> 8. The BORROWER and any co-signer or guarantor hereby agree that if this Note or interest thereon is <br /> not paid when due or if suit is brought, then it shall pay all reasonable costs of collection, <br /> including reasonable attorney fees. In the event of any bankruptcy or similar proceedings, costs <br /> of collection shall include all costs and attorney fees incurred in connection with such <br /> proceedings, including the fees of counsel for attendance at meetings of creditors' committees or <br /> other committees. <br /> 9. This PROMISSORY NOTE shall be governed in all respects by the laws of the State of Colorado. <br /> Union Well Augmentation Group, Ltd., <br /> a Colorado corporation <br /> (SEAL) <br /> BY: � C <br /> Signature <br /> Attest: <br /> NAME: Gary All PS <br /> TITLE: President <br /> DATE: June 24, 2016 <br /> BY: <br /> Signature <br /> NAME: Donna L. Coble <br /> TITLE: Secretary <br /> DATE: .Tina 74, 7011 <br /> Appendix 3 <br /> Page 2 of 2 <br />