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I 3rd through 40t~ payments in constant annual installments of Eighty-Eight Thousand Eight .Hundred Eighty~TwO Dollars and Eighty-Five Cents ($88.882.85) each. as shown in Exhibit B. attached hereto anrl incorporated by reference herein. which first installment shall be due and payable on the first day ot the month next s~cceeding the month in which the State'determines that the project has been substantiaily completed. and yea-cly thereafter until the entire principal sum shall have been paid. However. in the event the Contractor does not draw funds commencing on the date specified in paragraph C.l.a. below. the obligation to repay shall be postponed for the same number .of months as the Contractor delays in drawing funds. Said installment payments shall be made payable to the Colorado Water Conservation Board. payable at the offices of said Board in Denver. colorado. The Contractor pledges its full faith and credit in support of this Obligation and warrants that it has taken all steps necessary to pledge its .full faith and credit for this Obligation. . I. Upon completion of the repayment to the State in the sum of Three Million Five Hundred Eighty-Five Thousand One Hundred Forty-Two Dollars and Thirty Cents ($3.585.142.30); as set forth in paragraph A.12. of this contract, the State agrees to convey to the Contractor all of the State's right. title. and interest in and to the project and any other property described in paragraph A.5. by deed or other proper conveyance. 2 ~ ~ p,% l/~ 3. In the event of any conflict. inconsistency, variance. or ~ncon9ruity between the provisions of this contract amendmen't and any of the provisions of the Original Contract. the provisions of this contract amendment shall in all respects supersede. govern. and control. page ~ of ~ pages