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<br />Maturity: On demand MBank I: 1 v Commit. I: 0 OITi«r/: aye
<br />Review Date: Breech #: X00 Note t: 0 Crtdei: fag/
<br />Aaount /: 197965 Renewal#: 0
<br />The above is for Ne Bank's internal purposes and is not pan of the trams of the following instrument.
<br />c~rvtsa~ DEMAND PROMISSORY NOTE
<br />vi~ Date:
<br />For value rcoeiveQ the undersigned, and each thereof, promises to pay to the Colorado National ferret of Oarwer
<br />or iu mda the am of S (22,000.00 , or ao much thereof as it outuanding
<br />hereunder from time to time, together with intern thereon from the date of arty advan« of funds hereunder tt the variable annual me
<br />equal to The Colo. test'! tank-Darner Prlae Rate
<br />(the'Inda Aate) (now 9.000 R,) plot 0.000 percentage pointt ( 360 dry far, reciprocal aaual !lays). Such interest rate
<br />shell be tdjuAt-0 daily with arty change in the Index Rate.
<br />PaymrnU shall be mode at 17th i OharrQa ftraeta, Denier, tb fD202
<br />m e surh other plea u the holder of this note mry designee in writing.
<br />Prindpal of this Were shall be due on demand. Unto demand, intern aocued on the outIIanding prindpal btlan« tliall be due as follwus:
<br />Intaratt due aonth ty.
<br />if the holder hereof meta demand to the undersigned for pryment of this Wore, whether written or onl or by initiation of a tuft or action
<br />(the holder being under no obligation to make a written or oral demand), interest ahaU thtreaiter aarue and be paysblc on the principal
<br />balan« hereof, ^t a me equal to 3 PERCENT PER ANNUM ABOVE the intern me speeiGed above.
<br />Additional Provision (if arry):
<br />The princpal amount due under Chia note shall be the amount or amounts advan«d by the holder named abw~e under its Irrevocable
<br />Standby Letter of Credit, no. SFSl ll ,dated , or arty eaenions m amendments thereof, iswed at the requm of
<br />the undersigned, up to the fa« amount of this note.
<br />The makers and endorsee hereof, and all persons who are or may become panics to this instrument, hereby severally (i) waive noti« of
<br />demand, presentment for Payment, protest, noti« of non-payment and noti« of protest, (ii) waive W defenes given to sureties or
<br />guaranwo a law or in egmry, other than pgment of this note, end (ui) consent to, and ezpressly waive arry mitigation o[ thew obligation
<br />ereunder byvirlue of, arty atension o1 time of payment or partial payments before, at or after demanQ the addition or release of any pony
<br />pnmariiy or secondarily Uable, the release or substitution of any or all allateral, and arty other indulgen« granted by the holder to any parry
<br />liable hereon.
<br />This note is t demand note due and owing immediately, without prior demand of the holder, and immediate aaion to rnfor« its payments
<br />may be taken at an time without noti«, including without limitation the act off or application by the holder of arty deposits or other rums
<br />aedited by or due from the holder to sny maker, endorser or guarantor hereof and arty property of arty makes, endorse m guarentor in the
<br />holder's possession.
<br />The undersigned will pay on demand all costs of rnUeAion of the indebtedness due hereunder, inducting reasonable attomcyvs feet, ppaid or
<br />inarted by the holder, and the tame shall constitute a part of the indebtedness represented hereby and be reared Iry ary and all wllaaerel
<br />securing this promissory note.
<br />No failure to exerritc or delay to aerrising arty right of the holder hereunder aheU opente as a waives of wch right or of arty other right
<br />Aerander, nor shall •aiver of any right by the holder on one oaasion be construed ss a waiver of such nght on any future occasion. 1f
<br />seated by more than one maker, the obligation reprexnted hereby shell be joint and seven!, and each maker warrants to the holder that
<br />aueh maker hss adequate man to obtain on a continuing basis information wn«rning the finandal condition of arty and tit other maker,
<br />and that such maker is not relying on the holder to provide such infomation in wnneaion with the e:eation ttf this note, ary future
<br />mention or modification hereof or the aerdse of arty of the holderY righu hereunder.
<br />Crii (sera! Wtperation, Debtor-In•-oaavsaian
<br />225 !]crest Street
<br />Pueblo, Gblorado 81804
<br />fy:
<br />iltla:
<br />EXHI1BiT
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