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<br />NOw, THEREFORE it is hereby agreed that: <br /> <br />1. The feasibility report contract entered into between the <br />State and the Contractor on September 1, 1981, (attached as <br />Exhibit B and incorporated by reference herein) is hereby <br />terminated, and the remaining obligations of the State and the <br />Contractor under the terms of that contract are no longer <br />enforceable. <br /> <br />2. The Contractor agrees to the fallowing terms for thel <br />repayment of Four Thousand Two Hundred Dollars {$4,200}, which <br />represents the principal amount provided by the State as partial <br />financing for the feasibility report under the terms of the <br />feasbility report contract: <br /> <br />a. The Four Thousand Two Hundred Dollars ($4,200) <br />referred to above will be added to that amount loaned to <br />the Contractor by the State under the project contract <br />for the construction of the Fuchs dam project. <br /> <br />b. The total amount described in paragraph 2.a. above <br />and interest for the full term will be repaid under the <br />terms of the project contract to be entered into between <br />the State and the Contractor. <br /> <br />\ <br />\ <br />I <br />, <br /> <br />3. This termination of the feasibility report contract will <br />not be effective until such time as a valid and enforceable <br />~roject contract is in effect for the construction of the <br />Fuchs dam project. <br /> <br />Page 2 of 4 Pages <br />