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CWCB LOAN CONTRACT OPTION LETTER <br /> Substantial Completion of Project <br /> State Agency Option Letter#1 <br /> Department of Natural Resources <br /> Colorado Water Conservation Board(CWCB) <br /> 1313 Sherman St,Room 718 <br /> Denver,CO 80203 <br /> Borrower Original Contract Number <br /> Corsentino Dairy Farms,Inc.,a Colorado Corporation CMS 102868 <br /> 2689 State Hwy 10 CT2018-980 <br /> Walsenburg,CO 81089 Amendment No.1 Contract Number <br /> CMS 108362 <br /> CT2018-980 <br /> Current Contract Maximum Amount Option Letter Contract Number <br /> $99,263.32 CMS: 113038 <br /> CT2018-980 <br /> Current Contract Expiration Date <br /> 09/01/2028 <br /> 1. OPTIONS: <br /> A. Option to decrease total contract amount and revise contract expiration date. <br /> 2. REQUIRED PROVISIONS: <br /> A. The amount of the current Loan Contract Amount is decreased by$13,452.68 from$112,716.00 to <br /> $99,263.32 in consideration of substantial completion of the Project.The Total Loan Amount is <br /> hereby modified accordingly. <br /> B. This change does not include a change to the annual payment and interest rate. <br /> C. This Option Letter and supporting documentation shall become part of and be incorporated into this <br /> Contract for the total duration of the Loan Contract. <br /> D. This Option Letter shall include the written Notice of Project Substantial Completion. <br /> E. The Contract Maximum Amount table on the Contract's Signature and Cover Page is hereby deleted <br /> and replaced with the Current Contract Maximum Amount table shown above. <br /> 3. OPTION EFFECTIVE DATE: <br /> A. The effective date of this Option Letter is upon approval of the State Controller or September 1, <br /> 2018,whichever is later. <br /> In accordance with§24-30-202 C.R.S.,this Option is not valid <br /> STATE OF COLORADO until signed and dated below by the State Controller or an <br /> John W.Hickenlooper,Governor authorized delegate. <br /> Department of Natural Resources STATE CONTROLLER <br /> C to Water rvation Board r' Robert Jaros, PA, ,JD <br /> By: <br /> By: <br /> Title: Ft—i 4.1/4 16g 5 tt-no.J G1 t` <br /> ,t e: aggie VanCleef <br /> /urchasing Director <br /> Date: g/ / <br /> 8 /ay/ <br /> Option Effective Date: 2 <br /> Page 1 of 1 <br />