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SECTION 10-DISBURSEMENT SCHEDULE <br /> For project expenses: The BORROWER shall prepare a periodic progress report that sets <br /> forth a statement of the PROJECT costs expended for that period and shall forward said <br /> statement to the CWCB. After receipt of the periodic progress report from the <br /> BORROWER, and review and acceptance of the items therein as eligible expenses, as <br /> described above, the CWCB will pay to the BORROWER the amount set forth in the <br /> report or such portion as has been approved by the CWCB. Such payment shall be <br /> made within thirty (30)days from the CWCB's approval of each progress report. <br /> SECTION 11-TIME FOR PERFORMANCE <br /> PROTECT To BEGIN: Upon Effective Date of this CONTRACT (the date this CONTRACT is <br /> signed by the State Controller or his designee). <br /> PROTECT To END: Three (3)years from the Effective Date of this CONTRACT. <br /> [THE REST OF THIS PAGE INTENTIONALLY LEFT BLANK] <br /> I <br /> Appendix i <br /> Page 4 of 4 <br />