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EXHIBIT C, SAMPLE OPTION LETTER <br />State Agency <br />Option Letter Number: <br />Colorado Water Conservation Board (CWCB) <br />1313 Sherman St, Room 718 <br />Denver, CO 80203 <br />Grantee <br />Original Agreement Number <br />Geothermal Greenhouse Partnership, Inc. <br />CMS <br />PO Box 5333 <br />CTGGI 2018 - <br />Pa osa Springs, CO 81147 <br />Option Agreement Number <br />Agreement Performance Beginning Date <br />Current Agreement Expiration Date <br />OPTIONS: <br />A. Option to extend for an Extension Term <br />REQUIRED PROVISIONS: <br />A. For use with Option 1(A): In accordance with Section 2C., of the Original Agreement referenced above, the State <br />hereby exercises its option for an additional term, beginning and ending on the current Agreement <br />expiration date shown above, at the rates stated in the Original Agreement, as amended. <br />OPTION EFFECTIVE DATE: <br />A. The effective date of this Option Letter is upon approval of the State Controller or (Date), whichever is later. <br />STATE OF COLORADO <br />John W. Hickenlooper, Governor <br />Department of Natural Resources <br />Colorado Water Conservation Board <br />BY: <br />Signature <br />NAME: <br />TITLE: <br />DATE: <br />Page 1 of 1 <br />Exhibit C <br />In accordance with §24-30-202, C.R.S., this Option is not <br />valid until signed and dated below by the State Controller or <br />an authorized delegate. <br />STATE CONTROLLER <br />Robert Jaros, CPA, MBA, JD <br />BY: <br />Signature <br />Name: <br />Tide: <br />Option Effective Date: <br />