07 22 2015 COGOP FEC Addl Filing_Loan Doc

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') '- 0 1 5 0 7 2 2 0 3 0 0 0 1 2 7 1 7 Jul151501:31p 970-627-8173 p.1 SC r tC t1AJL CENT[i1 2015 JUL 22 32 OF 32 HEDULE C-1 (FEC Form 3X) . AN 11: 52 Supplemi=ilary for LOANS AND LINES OF CREDIT FROM LENDING INSTITUTIONS Information found on Federal Eledicn Commlsskln, Washlngtgn, D.C. 20463 Paga ot Scbedule c - NAME OF COMM\TIEE {In Full) Tmnsactlon ID: sc;rt0.25075.SC'I FEC IDENTIFICATION NUMBER .. -·.;·'.·" .. " .. COLORADO REPUBLICAN COMMITIEE C00033134 .. ' .. ... ...... I I LENDING INSTITUT10N (LENDER) 1 of . Interest Rate (APR) i Fun Name .. . . Centennial Bank 100000..QO . Oh, .. . .. .. _,. .. .. .... ' Mamng Address .... u": "0- 'C· , .. =y . "' . .,. - 13700 E Arapahoe Rd. Dale Incurred' or Eslab!ished 02 28 2015 ·- .. .. . ... .' M :·1n . i) 'O ; , - v ; .,. v "y . City State Zip Code Date Due . 0111l212018 Centennial co 80112 : .. . .. Back Ref SCl10.2!i07S 1.1 .. "\.1 • r . ·o· Q. ! ' v . y 'f.-- A. Has loan been restNctured? 1:81 No QYes If yes, dat«1 Incurred .. .. B. If· line of credit, Total .. · . Qltstanding .. ·-·· . . . . . ... .. 10312.90 70J12.00 '. Amount of this Draw; BBJance: .. .. . '. . .. .,_. . . ' .. ··· .. C. Are other par1ies secondarily Hable for the debt Incurred? jg!_ No fl Yes (Endorsers and guarantors must be reported on SchedUle C.} . D. Are any of 1he following pledged as collateral for the loan: real estate, personal What ii. \he value of 1his collateral? property, goods, negotiable lnsttuments, cer1illc:ates of deposit, chattel papers, .. .. . . stocf!s, aoaounts receivable, cash on depos!t, or other similar traditional collateral? Q.00 ' igj No Oves _. ... ... , .. . ·1. ... .. ..... H yes, specify: - Does the lander have a p!!rfacted security interest in It? No n Yes E. Are any fulura contnbutions or rutura recelpls of interest income, pledged as What Is the estimated value? collateral tor the loan? l8J No O Yes lf yes, specify: .. ... 0.00 .. .. I .I·- . . .. A deposttoTy account must be established pursuant Location cf. acccunt to 11 CFR 100.82(e)(2) and 100.142(e)(2). Dale acoount established: A.ddres'S: 41· 4 'J ' ·: 0 c { ' ·. "". " .'f. ' City, State, Zip: .:·. : .. . ..... . :.. . .. . . F. tf neither at ffle types of oolfataraJ described above was pledged for tl\is loan, or if the amount pledged doe5 not eQual or exceed the roan amount, .statB the basis upon which thls loan was made and the baslS on which it assures repayment G. COMMITTEE TREASURER DATE Typed Name Robert BaDnk ..II. :.i· .. .. a · c , ,,. .·y y .; Signatu·re ;;._ -u ·JOIS H. Attaclt a s1g_ned copy of the l::ian .L_TO_B.E_SJGNEO BY THE l,.ENDING INSTJTUTloN: I. To the bi!st Ofrhis fnstiMion'slmOwledge;-tti.e·terms·of-the-loan-and-other-lnformalion.regardlng_tf:l_e_eJ:(lensicm of the loan < ara accurate as stated above. II. The loan was made on terms and conditions (Including interest rate) no more iavorable at the time than those imposed for similar extensions of credit to other borrowers ol comparable creart. worthiness. m. This institution is aware of Iha requirement tha1 e. loan must be made on a basis which assur@S repaymel'.lt, and has complied with 1t1a reqiJiremsnls set fofUI at 11 CFR 100.82 and 100.142 In mak!11g this loarJ. AUTHORIZED REPRESENTATIVE DATE Typed Name .../1.. ' IA. ->l · ' . " · I .. y ·v <t:t,Ff 02 26 r A..LA,, I ..

description

Loan Document with Centennial Bank

Transcript of 07 22 2015 COGOP FEC Addl Filing_Loan Doc

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    Jul151501:31p 970-627-8173 p.1

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    ,~- RECEiV~o r tC t1AJL CENT[i1

    2015 JUL 22 32 OF 32

    HEDULE C-1 (FEC Form 3X) . AN 11: 52 Supplemi=ilary for LOANS AND LINES OF CREDIT FROM LENDING INSTITUTIONS Information found on Federal Eledicn Commlsskln, Washlngtgn, D.C. 20463

    Paga ot Scbedule c -

    NAME OF COMM\TIEE {In Full) Tmnsactlon ID: sc;rt0.25075.SC'I FEC IDENTIFICATION NUMBER .. -.;'." ..

    " ..

    COLORADO REPUBLICAN COMMITIEE c C00033134 .. ' .. ~ ... ...... I I

    LENDING INSTITUT10N (LENDER) 1 Am~nt of L~ . Interest Rate (APR) i Fun Name .. . . Centennial Bank 100000..QO a~. . Oh,

    .. ~ . .. .. _,. .. .. .... '

    Mamng Address .... u": "0- 'C , .. =y . ~ "' . .,. -13700 E Arapahoe Rd. Dale Incurred' or Eslab!ished 02 28 2015

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    ..

    - .. . ...

    .' M :1n . i) 'O ; , - v ; .,. v "y . City State Zip Code Date Due . 0111l212018 Centennial co 80112 : ~ .. . .. Back Ref SCl10.2!i07S

    1.1 .. "\.1 r . o Q. ! '

    v . y 'f.--A. Has loan been restNctured? 1:81 No QYes If yes, dat1 ori~ Incurred

    .. ..

    B. If line of credit, Total ..

    . Qltstanding .. - . ~- . . . . ... .. 10312.90 70J12.00

    '.

    Amount of this Draw; BBJance: ..

    ..

    . '. ~ .

    .. .,_.

    . .

    ' ..

    ..

    C. Are other par1ies secondarily Hable for the debt Incurred? jg!_ No fl Yes (Endorsers and guarantors must be reported on SchedUle C.} . D. Are any of 1he following pledged as collateral for the loan: real estate, personal What ii. \he value of 1his collateral?

    property, goods, negotiable lnsttuments, cer1illc:ates of deposit, chattel papers, .. .. . . stocf!s, aoaounts receivable, cash on depos!t, or other similar traditional collateral? Q.00 ' igj No Oves _. ... ... , .. . 1. ... .. ..... H yes, specify:

    - Does the lander have a p!!rfacted security interest in It? ~ No n Yes

    E. Are any fulura contnbutions or rutura recelpls of interest income, pledged as What Is the estimated value? collateral tor the loan? l8J No O Yes lf yes, specify: .. ...

    0.00 .. .. I

    .I- . . ..

    A deposttoTy account must be established pursuant Location cf. acccunt to 11 CFR 100.82(e)(2) and 100.142(e)(2).

    Dale acoount established: A.ddres'S: ~~ 414 'J ~ ' : 0 c { ' . "".

    " ~ .'f.

    ' City, State, Zip:

    .:. : .. . ~ ..... . :.. . . . . .

    F. tf neither at ffle types of oolfataraJ described above was pledged for tl\is loan, or if the amount pledged doe5 not eQual or exceed the roan amount, .statB the basis upon which thls loan was made and the baslS on which it assures repayment

    G. COMMITTEE TREASURER DATE Typed Name Robert BaDnk

    ..II. :.i .. .. a c , ,,. .y y .;

    Signature Qc.~ ;;._ -u JOIS H. Attaclt a s1g_ned copy of the l::ian ~eement

    .L_TO_B.E_SJGNEO BY THE l,.ENDING INSTJTUTloN: I. To the bi!st Ofrhis fnstiMion'slmOwledge;-tti.etermsof-the-loan-and-other-lnformalion.regardlng_tf:l_e_eJ:(lensicm of the loan <

    ara accurate as stated above. II. The loan was made on terms and conditions (Including interest rate) no more iavorable at the time than those imposed for

    similar extensions of credit to other borrowers ol comparable creart. worthiness. m. This institution is aware of Iha requirement tha1 e. loan must be made on a basis which assur@S repaymel'.lt, and has

    complied with 1t1a reqiJiremsnls set fofUI at 11 CFR 100.82 and 100.142 In mak!11g this loarJ. AUTHORIZED REPRESENTATIVE DATE Typed Name .../1.. ' IA. ->l

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    GOVERNMENTAL CERTIFICATE

    References in \ho boxes above are for lender's use only, and do ncn limit t.he applicability of lhls document to any pcuth:ular lean or item. Any item above conlaining ...... has been omitted due to text length limitations.

    Entity: COLORADO STATE REPIJ81.ICAN CENTRAL COMMITIEE 5950 SOUTH WILLOW DRIVE #301 GREENWOOD VILLAGE, CO 80111

    Lender: CENTENNIAL BANK DOW!ffOWN BRANCH 717 17th STREET DENVER,CO 60202 (JOo) sao-1soo

    I, THE UNDERSIGNED, 00 HEREBY CERTIF'i AND STATE UNDER PEi'IAL TY OF PERJURY THAT: THE ENTITY'S EXISTENCE. lhe complete and correct namo ol U1e govemmontal enuty I> COLORADO STATE REPUBLICAN CENlRAL COMMITTEE ("Entity"). The Entlly is a governmental entity which Is, and al all Umes shall be, duly organlz.ed, validly exlsUng, and In good slanchng under and by virtue of the Jaws and regulations of the Slate or Colorado. The Enlity has the full power and DUlhorlty to own lls proper1iet>. and to transact Iha ousines::; and activities in which it is presently engaged or presently proposes to engage. The En~ty maintains an office at 5950 SOUTH WILLOW DRIVE #301, GREENWOOD VILLAGE. CO aoii1. The Entity shaH do all things necessuiy to prese1Ve and to keep In full fore!! end effecl Its exlstenc9, r1ghts and privileges, and shall compty witll an regulations. rules, ordinances, statutes, orders snd

    deer~~ of ths Entity and any other guvemmental or quasi-governmental authorfly or court applicable to the Entily and the Entily"s business activities. CERTIFICATES ADOPTED. At a mealing of the.app1op~ate governing body of the Entity, duly called and held on January 8. 2015, at whkoh a quo11Jm was present and "Voling, or by other duly aulhorized ac1io11 In lieu of a meeting, the resolutions 3at forth Bl this Cttrlificate were adopted. OFFICIAL The following named person is an Official of COLORADO STATE REPUBLICAN CENTRAL COMMITTEE:

    ::::: CAU =CHAIRMAN A!JTH:RIZfI2 X ~i~~:~f~~:'~l~t~~1~ ACTIONS AUTHORIZED. Tf\O eu1norizad porson ll3ted above may enler Into any agreemen~of any nature with Lender, and those agreenients will bind the Entity. Speclficafty, but without limitation. the au!hnrized person is authorized. empowered, and directed to do the following for and oo behall of the Entity:

    8ortow Money. To borrow, as a cos\gner or othel'\vtse. from time to llme from Lender, on such terms as may be agreed upon between the Entily and Lender, such sum or sums of money as In his or her Judgment should.be borrowed, wilhout llmltatJon. E.J

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    Loan No: 16436001

    STATE OF COLORADO

    couNTY oF D.vwir

    Subscribed and sworn to befo1e S~k c~ .. """" or

    Witness my hand and oftlclal seal.

    GOVERNMENTAL CERTIFICATE (Continued)

    ) SS )

    'JI[ on this /~-f'-- doy of J,,.,9 20J2_, by c;.fu-h.;.. _'lu1.>u:; 1 u7, 2016

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    Loan No: 16436001

    State of Colorado.

    PROMISSORY NOTE (Continued) Page 2

    RIGHT OF SETOFF. To the extent permittea by, applicable law, Lender reserves a right of setolfin all Borrower's accounts with Lender (wh~lhar checking, savings, or some other account}. ThJs includes all accounts Borrower holds jointty with someone else Dnd oil accounts Borroi.ver '.may open in the fulur~. Hnwliver, !his does not lncludts any IRA a\ Koogh acoounls, er any trust accounts for which setotf wou\d be prohibtteO by. law. Borrower aulhorizas Lender. to lhe extent permlllad by applicable law, to charge or setolf all sums owing on the debt against any an\! all such accounts, and, at Lender's option, to administn:ilfv~fy freeze ell such HCcounls to allm'Y Lender to prolet..i Lend~r's ::hctrge and selC'Jff rl9hts prnvk:fed In this paragraph. UNE OF CREDIT. This Nate evidences a revolvlng Une of credit. Advances under this Note, as well as directions for payment from Borro11kir's accounts, may be requested orally or In writing 'by Borrower or by an authorized person. Lender may, but need not. require tnat ell oral reqt.iests be confirmed in writing. Borrower agrees to be liable tor all 6ums ellher: (A) advanced In accon:fsnce with the lnstrucllcns of an autho1tzed pars.on or (B) cradiled lo any of Borrowor's:accounls with Leru.!1'r. Til'd unpatd pltnc.ipal balance owing on this Note at any \ime roaY be evidenced by endorsementc on this Note or by LoN:ler'c internal record:::, including daily eomputor print-out.a. : CLERICAL ERROR STATEMENT/AUTHORIZATION. An exhlbtt, titled "Ci.ERICAL ERROR STATEMENT/AUTHORIZ!\TION; Is attached to mis Note and by this reference is made a part of this Note just as if all the provisions, terms er}d condlllons of the ExhlbH had been fully sot forth In this Note.

    SUCCESSOR llHERESTS. The lerrns of this Nole shali be binding upon Borrower, and upon Borrower's heirs, personal represenlal(ves, succesoors and assigns. and shall Inure lo the bonam of Landor and ii& successor.; and assigns. GENERAL PROVISIONS. It any part of this Nole cannot be enforced, this fact will not affect the rest of the Noto. Lender may deloy or flJT90 enforcing any of its righls or remedies uncJer this Note without tosin!J them. Borrower and any other person who signs, ouaranrer.s or endorses lhis Nole, lo U'la tu:.lenl ullovved by law, waive Presentment, domund for payment, and notice of dishonor. U?Ofl any chango In U1e terms of this Nole, and unless othen."Vise expressly stated in writing, no party who signs this Note. whether as maker, guaranlor, accommodalion mLik~ or endorser, shaU be released from llablll1y. All sUch parties agree that Lender may renew or extend (repeatedly and for any length of time) this Eoan or release any party or guarantor or collalt?ral; or impair, fail to realize upon or perfect Lander's security inlerest in tho collateral; and ,take any other action deemed necessary by Lender without the consent or or nolice to anyone. All such pa'1ies else agree that Lender may mQdify !his loan without the confienl of or notlce to an'yone other than the party with whom Iha modification ts mada. The obllgations under this !;-Iola are joint and several. PRIOR TO SIGNING THIS NOTE, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS NOTE, INCLUDING THE VARIABLE INTEREST RATE PROVISIONS. BORROWER AGREES TO THE TERMS OF THE NOTE. BORROWER Al: KNOWLEDGES RECEl~T OF A COMPLETED COPY OF THIS PROMISSORY NOTE. BORROWER:

    By:b,.. . R R CALL, or CDLC)RADO STATE REPUBLICAN CENTRAL COMMIITEE

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    CLERICAL ERROR STATEMENT/AUTHORIZATION

    References in the boxes abovo are ror Lender's use only and do not limit the applicabilily of this document to any pRrt!cular loan or item. Any item above containing ............... has been omilted dutt to text fttnglh limilalions.

    Borrower: COLORADO STATE REPUBLICAN CENTRAL COMMITIEE 5950 SOUTH WILLOW DRIVE #301 GREENWOOD VILLAGE, CO 801i1

    Lender: CENTENNIAL BANK DOWNTOWN BRANCH 717 17th STREET DENVER,CO 80202 (303) 680-1600

    This CLERICAL ERROR STATEMENT/AUTHORIZATION lo ottachod lo ond by lhis roforancc is modo o port of tho Promissory Noto, daled J;muary 8, 2016, ond executed in connoctlon wllh D lo;;in or other financial accommodaUons between CENTENNIAL BANK and COLORADO

    STAT~ REPUBLICAN CENTRAL COMMITTEE.

    Centennial Bank endeavors and strives to process every loan as accurately as posslbll:!. Occasionally, in U1ls proces~. or In Its general proc~Ss or aud!Lin~ loan files, we might discover clerlcal errors or clerical omissions which must ba corrected to meet our nnandel inslitution slandcirds. Whlla such errors and omissions. arc infrequent, it is desirable to have your pre-aulhorizatlon to correct those clerical errors or clerical omlssions. Centennial Bank wlll not a.Iler or modify the essential terms of the k>an or any !iuppo:ting documentation secwing the loan. Also, errors will be

    adjust~d according to the terms of such State and Federal laws and regulations. We will prompUy foiward to you any document that has been corrm:led under lhis procedure. I (We) hereby Irrevocably authorize Cenlennii1I Bank lo correct, with notice, any clerlco.1 errors or cferlcnl omissions that may be present ln any and at1 toan documentation that I \we) encutcdoln connection with our loan. I (We) further understand that sucll ccrr6ctlons shall nGt result In any ln,resse In the amount of the essential terms of repayment of the lo.an obllgallon. I {We) further consent, in advance, t.o the corrocllOn of any errors or omlssli>ns as outllned here-In and: thal I (we) unctetstand such correction procedures and agrc~ to such correction proc~dUres, without prior notice and without n1:1cessity for writhm au\horlz.ii\1011 or appto~al.

    THIS CLERICAL ERROR STATEMENT/AUTHORIZATION IS EXECUTED ON JANUARY 8, 2015.

    BORROWER:

    ,.._,.. .... )ol.1~ ~.uot-i-...~-S>.::11 . ..,.,qQl!O.-. -~,~~ 1~ ,...,,.

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    PROMISSORY NOTE

    References in the boxes above a.re for Lende~s u~e. only and cro not llm1t lhe appllcabllity of lhis document to any particular Joa11 or ilam. Any item above con1em1ng ,,_ ....... has been omirted due to text length llmltallons.

    Borrower: COLORADO STATE REPUBLICAN CENTRAL COMMITIEE 5950 SOUTll WILLOW DRIVE #301 GREENWOOD VILLAGE, CO 80111

    Principal Amount: $100,000.00

    Lender: CENTENNIAL BANK DOWNTOWN BRANCH 717 17th STREET DEN\'ER,CO 80202 {i03) 680-1600

    Date of Note: January 8, 2C) 15 PROMISE TO PAY. COLORADO STATE REPUBLICAN CENTRAL COMMITTEE ("Borrower") promises to pay to CENTENNIAL BANK ("Lendor"), or order, in lawful money of the United States c;ir America. the principal amount of One Hundred Thousand & 00/100 Dollars ($100,0DO.Oil) or so much as may bo out61Jndlng, togothor with l_"ntorcst on tho unpaid outs1andlng prfnclpal balance of each adv;ancc. lntcrl'st shall be calculated team tile date of each advance untll repayment Q.f eactt advance. PAYMENT. Borrow~r will p3y thia loan In one payment of all outstanding principal ~us all accruod unpaid lnterogt on Januory 8, 2016'. In ad.dilion, Borrower will pay rogutar monthly payments of all accrued unpaid Interest due as of eilch payment date, beginning Fobruary 8, :?.015, with all suhscquont Interest payments to be d1.1c on tho same day of each month utter that. Unlc&s otherwise agreed or n1quirud by applicable law, payments will be applied first to any accn~ed unpaid Interest; and lhen to principal. Borrower will pay Lender at Lender's address shown above or at such olher place as Lender may designate In writing. VARlABLE INTEREST RATE. The interest rate on this Nole is subjecl to chnngo from time to time based on changes In an inC&pcndont index which Is lhe Wall SlrP.et Jnurnal Prtme Rate (the "Index"). The Index Is nol necessarily the lowesi rate charged by Lender on ils Joans. If the Index becomP.1': unnvAilnble duri11g lhA term of this loan. Lender may designale a subStitule Index after notifying Borrower.. Lendor will ten Borrower the currenl Index rale upon Borrowe~s request. The Interest rate change will not occur more often than eacll day. Borrower understands that Lender may make loans bas~ on other rates as well. The Index currently Is 3.250% per annum. Interest on tho unpaid principal balance of this Nole will be calculated as described In the "INTEREST CALCULATION METHOD" paragraph using a rate of 2;000 percentage points aver the Index. resuWng In. an inllial rate of 5.250% per annum based on a yea; of 360 days. NOTICE: Undef no circumstances will the Interest rate on this Note: be more than the maxfmum rate allowed by applicable law. INTEREST CALCULATION METHOD. Interest on this Note ls computed on a 3651360 basis; !hat Is, by applying the ratio of the lnterest:rate over a year of 360 days, mu/Uplled by the outstanding principal balance, mulllplled by the actual number of days the principal balance Is outstanding. All lntorost payable undar this Note is computed using this method. PREPAYMENT; MIN\MlJM '\NiEREST CHARGE. In any tilvant, even upon 1ull prepayment of thls Note. Borrov~r understands that Lender ls entiUed to a minimum Interest charge of $25.00. Olher than Borrower's obligation to pay any minimum Interest charge, Borrov.rer may: pay without penalty all or a portion of the amount owed earlier than It is due. Early payments will not, L!nless agreed to by Lender in writing, rerieve Borrower of Oorrowar's obllgatlon to conlinue to make payments of accrued unpaid iilterest. Rather. ear1y payments wlll reduce the prinCipal balance due. Borrower agrees riot lo send Lende.- paymehls manted paid in full". "wllhoul recourse'", or similar language. If Borrow~r s~nds such a payment. Lendar may accept tt without losing soy of Lander's rights under thJs Note, and Borrower will remain obligated to pay any further amount owed to Lender. All vnitton c~mmunicatlons concerning disputed amounts, including any chedl; or other payment Instrument thal indiCilles I hat the payment constltute.s "payment In full" or the amount ovied or that Is lenderecl with other conditions or limitations qr i?.j: full sntlsfacUon of a disputed amount rnust ba m:'!ilod or dollvcrcd to: Centennial Bank, 13700 E. Arapahoe Rd. Contcnnlal, CO 80112. LATE CHARGE. If a paymenl Is 10 days or inore late. Borrower will be charged 5.000% of the regularly scheduled payment or $50.00, Whichever Is greatnr. INTEREST AFTER DEFAULT. Upon defauJ~ including faHure to pay upon final maturity, the inleresl rate on Jhis Note shall be increased lo 21.000% per afVlLim based on a year of 360 days. However, in no ovont will the interest rate exceed the maximum interest rate limitations unller applicable law. ' DEFAULT. Each of Ute following shall consUtule an event of defaull ("Evenl of Default') under lhis Nole:

    Paymenl Defuult. Borrower fails to mak.e any payment when due under this Note. Olher De!aulls. Borrower tails to comply Wilh or to pertorm any olher larm, obligation, covenant or condition contained in this Nola 9r in any of lhe relal.Bd documont:.; or to comply with or to perform any term, obligation, covenant or ccnd:tion con1ained in any other agreement b8tween Lender and Bormwor. Def null In fe.vor of Third Parties. Bormwe:r or any Grantor defaults und~c any loan, ex.lension of credit, securtty agreement, purcnas'.e oc sale5 egreem.ent, or ony other agreemenl. in favor of any other credllor or person that may materlaUy affect any of Borrower's property or

    Borrower~ abi!ily to 11011-Jay this Note or perform Borrower's obligaUom; umJer this Note or any of Iha related ducu1mmt.s. False Statements. Any warrsnly, representation or statement made or fumShed to Lender by Borrower or on Borrower's behalf undetthis Note or the related documents is false or rriisJaading in any material respect. either now or at the lime mad:e or 1urnished or be!:Omes false or misleading at any time therealter. Dc&1th or Insolvency. The death of Borrower or the dissolution or tormlnation of Borrmver's existence as a going bu&iness, the insolvancy of Borrower, the appointment of e receiver for any pert of Borrower's property, ony essignmenl tor the benem of creditors, any type of credllor workout, or Iha cornmencemenl of any proceeding under any bankruptcy or insolvency laws by or against Borrower. Creditor or Forfollure Proc:eodlngs. Comrtjencoment ot foreclosure or 1ort6iture proceedings, whelhcr by judlcial proceeding, self""'1elp, repossession or. ony other method, by any creditor of Sorrower or by any govemmentat agency against any collatcrW securing the loon. This Includes a garnishment of any of BorrOwer"s accoums. including deposit accounts. w/Ltl Lender. However. tnis Event of Defauit shaU not eppty if there is a good faith dispula by: Borrower as to the validity or reasonableness of the claim which Is the basis of the creditor or rorreilure procet!ding and if Bonower gives Lender written notice of U1e creditor.or forfeiture proceeding and deposils wil11 Lander monies or a surety bonrl for the creditor or ror1al1ure proceeding, In an amount determined by Lender, In lts so!a discretion. as being an adeqoale reserve or bond for the dispute. Evonts Affecting Gu01rantor. Any of the pr~ceding events occurs with respect to any guaral"tor, endorser, surety. or ac:.commodotion party of omy of 1hc indobtednes9 or any guarantor. endorser, surety, or accommodation party dies or becomes incompetent, or revok~s or dlspules lhe validity of, or llaOlllly under, any guaranfy of the indebtednoss evidenced by this Note. Adverse Change. A material adver.stl Change occurs 111 Borrower's financiaJ condition. or Lender belleves Ille prospect or payme1'.1l or perfmmam:.~ o1 ~his Note Is Impaired. Insecurity. Lender In good faith belfevas Itself Insecure. . . Cure Provisions.! If any dafault, olhor than a default In payment Is curable and if Borrower has not been given a notice of a breach of the same provision bf this Nola wilhln the prei:ecf1ny twelve (12) rnonlhs. il may be cured if Borrower, alter Landar sends written nolice l:i Borrower dama~dlng cure of such default (1) cures the default wtthin twenty (20) days; or (2) If the cure requires more then twenty (20) days, 1mmQdiatety Initiates steps which Lendor deems in Lender's solo d'iscrotion lo be sufficient to cure the default and lherestter continues and ct?mptales all reasonable and necessary steps sufticlenl to produce compliance as soon es roasonabfy practJcal.

    LENDER'S RIGHTS. ! Upon dofaull, Landor may declare the entire unpaid principal b=alonce under thi$ Note and all accrued unpaid int~rcsl inunediotely due, and: then Borrower will pay that amounl. ATTORNEYS' FEES: ~PENS ES. Lender may hire or pay someone else to help collect this Note It Borrower noes not pay. Borrower will" pay Lander tho reasonable costs of such collection. TtJs lnciudes. subjecl to any llmlls under eppllcable law, Lender's anorneys' fees and LenCer's legal expanses, whether or not there Is a lawsull, including wlthour /Imitation etlomays' tees and lagal expenses for bankruptcy ptoce~dings (including ettorts to f!!odilY or vm:CJle any automatlC c1~y or Injunction), anCI oppeals. If not proniclted by appli~b:e law. Borrower al!>D w111 pay any court costs., tn il~dilion lo all other swns provided by law. . JURY WAIVER. Londor and Borro.,..cr hereby waive the right to any jury trial i.n any action, procooding, or counlc~laim brought by uilhcr Lcncicr or Borrower against the other. G.OVERNING LAW. in1s Note will be governed bY' federal law _applicable to Lender and, ro the ealent not preempted by federnl Jaw, th& laws o1 1hc State of Colorado. without reoard to Its Gonfll~ts ot law provisions. This Note llas been accepted by Lender In the State of Colorddo. CHOICE OF VENUE. Ir 1tiere Is a lowsult. Sorrower agrees upon Lender's requesl to submit to the jurisdlcllon of th.a courls of DENVER Coiinty,

    -----.-. --;-:;--.r::-:-.: .... :,;.:":.-;: .. :...i .... -.

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    Q 3 0 0 0 1

    ' 2 3

    BUSINESS LOAN AGREEMENT

    References In the bo>es above are for Lender's use only and do not llmil the appucabilily or this document lo any particular laan or item. Any item above containing ....... k .. has been omitted due to text length limitations.

    Borrower: COLORADO STATE REPUBLICAN CENTRAL Lender: CENTENNIAL BANK COMMIITEE DOWNTOWN BRANCH . 5950 SOUTH WILLOW DRIVE #301 717 17th STREET GREENWOOD VILLAGE, CO 80111 DENVER, CO 80202

    (303) 600-1600

    11-llS BUSINESS LOAN AGREEMENT dated January 0, 2015, is made and executed between COLORADO STATE REPUBLICAN CENTRAL COMMIITEE l"Borrower'1 and CENTENNIAL BANK ("Lender") on lhe following terms and conditions. Borrower has roccivcd prior commertial loilns _from Lendc-r or ~~s applied to Len def'" for a con;mercl11I loiJn or IOal\li or olhor tinunclaJ accommodations, ln:;:ludlng those. which muy be de:tcnbed on any oxJub1t or schedule attach1:d to this Agreement. 6orrow~r um.h:rstimds a11ci agrt:es U~t: (A} in granting, renewing, or

    e.xlan~ing any ~oan, Lender Is rnlylng upon Dorrowcr"s roprcscnbtlons, warrantJcs, and agreements as set forth in thls Agreement; (8) the granhng, ronow1ng, or nxtondlng of any lo:1n by, lender at all llmes shall be subject to Lender's solo judgment .and discrolion; ond (C} all such Loans :i;hall be amJ remain subject lo the lenns: and condlUons of lhls Agreement TERM. This Agreement shall be effective as of January 8, 2015, and shall .conlinue in full force and effect until such time as all of Borrower's Loans In favor of Lender have been pold In fUll, Including pr1ndpal, Interest, costs, expenses, attorneys' fees, and olher fees and charges, or lJntH such lime as the parties may agree In wrlling to lermlnale this Agreement. . CONDITIONS PRECEDENT TO EACH ADVANCE. Lender~ obligalion lo makts the inllial Advance and each subsequenl Advance under this Agreement shall be subject to the fUlflllment to Lender's salisfaclion of all of lhe conditions sel forth in th!:; Agreement and fn lhe Related Documents.

    Loan Documents. Borrower shall provide to Lender the following documenls for the Loan: (1) the Note: (2) together with all such Related Documents as Lender may roquirn for tho Loan: all in form and substance satisfactory to Lender and Lender's counsel. : Borrower's AUthorlz:aflon. Borrower shall have provided In form anci substance satisfactory to Lender properly ce:lified re~olutions, :duly authorizing the execution end delivery of lhis Agu~entent, the Nole and the Related Documents. In addition, Borrower sheU hav~ provided such o!her r~solulions. liulharizalions, documents and instruments as Lender or its counsel. may requite. Payment or Foes enc.I Expe11sc5. Borrower shaJI have pilid to Lender all fees. charges. and other e:rpenses which are 1hen due .::trn1 paYable as specified 111 this AgrcemP.nl or eny Relalud Document. Reprcsentiltlons and Warrantlos. Tho reprcsantallons and warrantle& sat rorth In this Agreement, in the Rol.:ilod Documents, and in; any document or certi1icate de~ivered to Lender Lmder this Agreement ere true and correct. No Evant of Oafi:Jull. Thore shell not exisl at lhe time of any Advortce a conc:llUon which would constitute an Evenl of Defaull under: this Agreement n,r under any Relnted Documenl '

    REPRESENTATIONS AND WARRANTIES. Borrower represents and warrants to Lender, as of !he d:ita or !his Agreemenl. as of the rials of ~ch disblJrsement of loan roce::eds, .as of the date of any renewal. extension or modlflcation of any Loan, and at all times any Indebtedness ex.isl~:

    Organization. Borrower Is a governmental !30tlty Which Is, and at all times shall be, duty organized, validly exisling, and In good staridlng under and by virtue of the laws of the Slate of Colorado. Borrower Is duty euthoriz.od to transilCC busfncss ln all other states in which Borrower is doing buslne~. having obtained all nacessary filings, gov~rnrnental licenses and approvals for each state in which Borro~r Is doing business. Specifically, Borrower Is, a_nd at au times shall be, duly qualified as e foreign in all states in which the failure to so qualify wouki have a material adverte effect on its businsss or financial condition. BorrO\'ler has the full power and OJuthority to own its propertJes and to transact tha business In which It is presentty engaged or presently proposes to engage. Borrower maintains an office at 5950 SOUTH WILLOW DRIVE #301, GREENWOOD VILLAGE, CO 80111. Unless Borrower has designated otherwise in wrlllng, the principal oHice is lha offrce at which Borrower keeps its books and records lncludfng lls records concerning Iha Collateral. BorrO\Yer will notify LendE;r prior ta any change in Iha local/on of Borrower's state of organlz.alion or any change in Borrower's name. Borrower shaU cfo all things necessory to preGcrve and to keep iri full force and etfccl its exislence, rights and privileges, and 3hall comply wllh all regulations, rt.des. ordinances. statutes. orders and decrees of any novemn;ental or quasJ-govemmental authority or court app:lcable to Borrower and Borrower's business aclivities. Assumed Business Names: Borrower has ti!ed or recorded ell ~ocu.ments or filing~ required by law rela~ng to all assumed ou~lness na

    1mes

    used by Borrower. Excluc:hng tne name of Borrower, the following 1s a complele list ot all assumed buromess names un~or which Borrower does business: None. ' Author1mUon. Borrowet's execution, delivery, and performance of this Agrt'Cment and all the Related Documents have been duly authorized by all necessary action by Borrower and do not conflict with, result In a violation of. or constitute a default under (1} . any provision of aily agreement or other Instrument binding upon Borrower or (2) any law. governmental ragulatlon, cour1 qecree. or Order appllcable 10 Borrower or to Borrower's properties. Financial lnfonnation. Each of Borrower's financial slalemenls supplied lo Lender tn.1ly and completely dtsclosod Bot"rower's financial condition as of the date of the statement, and there has bocn no matertal adverse change in Borrower's financial condition subsequent to the date ot the mosl recent financial statemenl supplied to Lender. Borrower has no material contingent obligations except as disciosed in such financial slalementa. Leyal Effoct. This Agrecmenl constitutes. and any instrument or agreement Borrower is rt;tquired lo givo under this Agroemenl when delivereo will conslilute lcgol, valid, and binding obligations or Borrower onrorccublo ugalnsl Borrower In ~ccordancc wilh their respeclivo terms. Proporlles. Except os contemplated by lhis Agreement or as previously disdosed In Borrower's financial statements or in writing 10 Landar end as accepted by Lender. and except for property tax liens for taxes not presently due and payubte, Borrower owns o.md has good Ut!e lo all of Oorrowe(s propenlcs free and clear o.f all Security Interests, and has not executed any sar.urity documents or financing staterr(enl:>

    n~ll:::tllug lo 5uch 1 . .110011ic.s. All of Borrowers propen.les am tilled in Borrower's logal name, and Borrower hes not used or filed a finaricing statement under any other name for at least the last five (5) years. Hazardous Substances. Except as disclosed. to and acl

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    ~ 0 7 2 2 0 3 0 0 0 1 2 7 2 Ll

    Loan No: 16436001

    wrtting.

    BUSINESS LOAN AGREEMENT (Continued) P~ge 2

    Taxes. To the bes! of Borrower's knowledge, an of Borrower's tax returns and repons 1hal are or were ra4ulred to be filed, havo been med. and all laxes, assessments.and olher [)Overnmenlal charges have been paid In full, except those prnsentlv being or to be contested by Borrower In good IMh In the ordinary couf"Se of business and for which adequate reseres have been provided. Lien Priority. Unless otherwise previously disclosCil to Lender in wriling, Borrower has not cnterod into or gronled any Securily Agreements, or permitter! me ~ting or a:tachmenl of any Security lnlresls on. or aflecllng any of L'llled on a consi::.tent basis, and permit Lender to exa~l,l:'is and audit Borrower's hooks i;lnd records al all reasonable lime&.

    . .

    Fln:incfal Statements. Furnish Lender wilh-suc::h finuncial sll:ll~mt!11ts~and otheF related information at such treouencies and in such debi1 as Lender may reasonably request. AddH:ional lnformotion. Furnish such additlonBI informaUon and ~tat~ments, as Lendor m .. 'l~ request fi'om lime 10 time. Insurance. Maintain fire and other risk Insurance. public liabllity Insurance, and such other inclll3nco ;;as Lendor may require with respei:;t to Borrower's rupt!rtit:~ anwer, upon request of Lender. will dol1ver to Lander from time to time the policies or certificates of Insurance in form salisfactory to Lender, lndu_d:ng srtpulations that coverages will not bo cancelled or diminished without at leas! ten (10) days prior wrilten notice to Lendor. Each Insurance policy also shall include on endorseime11t providing lhal coverage In favor of Lender will not be impaired ln any way by any act, omission or dctaull of Borrower or any other cir~on .. In connecUon with all policies covering assels in which Lender holcfs or is offered a seci.Jrity interest for lhe Loans. Borrower will provide Lender with such lender's loss payable or other endorsements ::as Lender may require. Insurance Roports. Fumls.h to Lender, upon request of Lender, feports on each existing ln$Ur'1ncc. poticy showing such inormation as Lender may reasonably request, Including wlihoul llmitalion Ina following: (1) lhe neme of the insurer; (2) the risks Insured; (3) the amount of the pol!cy; (4) the properttes insured; (5} the then current property values. on the basis of YJhich ir.surancc has been obtuincd, and the martr:er of det.erminfng lhose value~: and (6) the expiration date of the policy. In addition, upon request of Lender (however not more often than annually), Borrower will have an Independent appraiser sat.isfactory. lo Lender determine. as applici\ble., the actual Cash value or replacemonl co~t of any Collolcral. The cost of such appraisal shall be paid by Borrower. Other Agrcemonti;. Comply with all terms. and conditions of all olher agreements, wheUler now or hereafter existing, Det\-veen BorrQwer and any other party and nolify Lender imme~diately in writing or any dc(eu/l in ~onnection wilh uny other such agreame.,ts. Loan Proceeds. Use all Loan proceeds solely for Borrower's business operations, unless specifically consented 10 the conlrary by Lend~r in writing. Taxes, Charges and Lions. Poy Dnd discharg~ when due all of its indeblednoss and obllgaUons, lntjudlng without llmr.allon all assessments, mxc!l, governmcnttil charges. levies and liep::;, of ev1:1ry kind and nature. imposed upon Borrower or its prnperU~s. income, or profils 1 prior lo the date on which penalllos would attac'1. and an lawful claims that, if unpaid, might bec;0me e lien or ct-.arge upon any of Borrnwers proper1ies. im.:ome, or profits. Prmtlded hoWever, Borrower wfll nol bo required lo pay end discharge any such assessrnenl, tax, charge, fe'tl'y, lien or claim so long as (1) the legal!ty of tha s.:1me shall be contestad In good faith by approprfata proceedings, and (Z) Borrower shall have estabfished on Borrower's books adequate reserves with respect 10 such comasled assessment, tax, charge, levy, lien, or clatm In accordanco with GAAP. Perfonnanec. Perform and comply, in a timely manner. with all terms. condilions, and provisions sel forth in this Agreement. in lhc Related

    O~cumenls, and in aU other 'nstrumenls ajld agreements. beMeeri Borrower and Lender. Sorrower sha\I notif'J Lender immedialely in writing of any default In connection with any agreemenL Operatlom. M~inrain execunve and management personnel with substantially the same quaiificallons and experience as the pre:sent execulive and management personnel; provide written notice to Lender of any changa in executive and managemimt personnel: condut.-t its bu51ness titr;;11rs In a reasonable and prudent.manner. En..-lronmen,at SbJdlB.S. Pcomptly conduct aOO comp:lete. at Borrower's expense. an such Investigations, studies, samplings acid lo~ting"_s :i.~ may be roquosted by Lender or any govemniontal authority reletlVe to any oubstance, or any waste or by-product of any substance defined as toxic or a hazardous substance u!lder iipplicabta federal, state, or local law, rule, regulation. order or directive, at or affecting any property or any facility owned, leased or used by Borrower. Compliance with Governmental Requirements. Comply wtth ell laws, ordinances, and regulations. nmv or hereafter In effect, CJ:f eU governmental authorities appllcoble to the ctintiuct of Borrower's propertios, businesses and opereHons, and to the use or occupancy of the Collateral, including wilhout /imitation, Iha Americans With OisabiHlies Act. Borrower may contest in good faith any sur.h law. ordinance, or regulatlon and withhold compliance duririg ony -proceeding, Including approprWle appeals, _so long as Boirower has notified Lend~r In wrftlng prior lo doing so end so loog as, Ir'! Lender's sole opinion. Lender's intere:;ts in the Collateral are not jeopartiiz.ed. Lender may require Borrower to post adequalB security or a surety bond, reason;;ibfy satisfactory to Lender, to prolec:I Lender's interest. Inspection. Permit employees or ogenls of Le~der al any reasonable tirne to Inspect any and all Collateral 1or the Loan or Loons. and Borrower's other properUos aM \o e)l;amine or a\Jdil Borrower's books. accounts, anrt records and to make co~es end momoranda of Sorrowe(s books. accounts, ond records. If Borrower now or at any linH! here.airer maintains any records (including without limitQtion computer genera~ed racords and computer software programs ror the generation of such. re.cords} in the possession of a. third party, Borrower, upon requE1flt of Lender, shall no~Jfy such party 10 permit Lander frt1e access to su~n records at Bii roasonablu lmies and to prt)'lide Lender with copies of any records. it rnay request, ~II at Borrower.:; axpense. Environmental Compliance and Reports. Borrower shall comply in all respects wlth any e11d all Envltcnmental Laws; not cause or perrrlrt to exist, as a result or an Jn1emlonal or unlnlentional action or omission on Borrower's pan or on the part of any third party, on property mvned and/or oc-4upled.by Borrower, any environmental activily where damage mey resull to !he e!'vironmenl. unlcs6 such environm~nfBI aclivily is pursuaht to and in compliance with the condll!omi at a permil issued by the appropriate federal, state or local govemm~nta1 authoritios; :;he.II furnish to Lender p1omplly ant.I In 1:tny ovon1 wtttiln tnlrty (30) aays after receipt thereor a copy of any notfce, su~mons, lien. cifaUon. dlr~ctive. letter or olher communication from any governmental agency or instrumentality concerning any intentionat or unintanttonal acli6n or omission on Borrowe(s part in connection with any environmental activity whether or not there Is d;:image to the environment ancJ9r other n~lural resources. A.ddUional Assurinces. Make, execute and deliver to Lender such promissory notes, mortgages, deeds of trust, security agreem~nts. assignmenls, finaftcing statements. Instruments. documents and other agreements as Londer or ils attorneys may reasonably reque~t to evidence and secure the Loans anI -RECOVERY OF ADDITIONAL COSTS. If the imposition of or any chango In any law. rule. regulallon or guideline. or the lntorprotalion or appllcatlon of any tha~of by any court or administrative or governmental eulhorily (including an~ reque~l or polic~ not having 1ne force of ~aw) :.h

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    ~ 7 2 5

    loan No: 16436001 BUSINESS LOAN AGREEMENT

    (Continued) Page 3 paying all ta~es: l~ens. securily i~leresls. encumbrances and other claims, at any time levfed or plRr.r.rl on any Co!IR!eml and paying all costs for \nsurlng, maintaining and preserving any Coltareral. AU such expt:ndilures incurred or pald by Lender for such purposes will then bear interest at the rate charged un~er the Nate from lhe data incurred or paid by Lende1 10 lhe date of repayment by Borrower. All such expensas will oecome a par1. ol the Indebtedness and, al Lende(s option, will (A) be payable on domond; (B) be added to the balance of !he Note and be

    apportion~ amo.~ and be payable wl1h ~ny lnstollment payments to become due during eiLher (1) the term of any applicable Insurance pq11cy; or (2) t11e r~ma1111ng term of the Note; or (C) De treated as a balloon payment which will be due anc payable et the Note's maturity. CfSSATION OF.ADVANCES. If Lender has made any commitment to make any Loan to Boriower, wheUier under this Agreement or under. any ol11er agreement. Lender shall have no obligalion lo makt11 l.oan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of Ulis Agreement or acy of the Related Documents or any other a91eement that Borrower or any Guarantor has with

    lu~d~r: . (6} Borrows~ or any Guommlor dies, b~comes _Incompetent or becomes insolvent, mes a peliUon in bankruptcy or similar procecdtngs, or is &C1udged. a bank.Tupi; (CJ ~era occurs e ma ten al adverse change in Borrower's financial condition, in lhe financial condillon of; any Guarantor, or 1n the value of any Collalerat securing any Loan; or (OJ any Guarantor seeks, claims or otherwise attempts to limit modiiy or

    ~v~o0~e0~~:f~:8;:10~-=v~u:~~~:~e~~ lhe Loan or any other loan with Lender; or (E) Lender In good faith deer.is II.self Insecure. even thoug!h no RIGHT Of SETOFF. Ta the extent permitted by. a~plicable law, lender raserves f! right of setoff in an Borrower's accounts with Lander (wh6thcr checking, s;;1vmgs, or some other account). nus includes all accounls Borrower holds jointly with someone else and all accounts Sorrower "may DJ.um In lhe fu1ure. However; this does not lncllJde any IRA or Keogh accounts, or ony lru:;.I account!; for which setoff would be prohibited by law. Borrower authorizes Lender. to the extent permiUod by applicable law, lo charge or sctoff all sums owing on the debt against any anb all such accounls, and, al Lender's option, to admini-st.rative!y freez.e alt such accounts lo allow Lender to protect LenlJer's charge and s.etoft r1Qhts. provided in this paraQraph. DEFAULT. Each of the following shall conslilute an Even! of Defat1lt undt'r th~ Agrdemenl:

    Payment Dofault. Borrower tails to make any paymen1 when due under the Loan. Other Oefaults. Borrower 1ails to c:ornp~ with or \o perform any other term, obligation, coven.ant or condition contained 1n lhis Agreemenl or In any of 1he Related Oocument or io comply wltll or to perfonn any lenn, obligation, covenant or condition contained in anv cilher agreement belwaen lender and Borrower. Dofaufl in favor of Third Parties. Borrower or ony Granier defaults unUur any 1oa11, extension of credll, security agreement, purchase or sales agreement, or any other ogrecment. ~ fo

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    Loan No; 16436001 BUSINESS LOAN AGREEMENT

    (Continued) Page 4 Governing Law. This Agreement will be governed by federal law applicabJa to Lendor and, to the oxtont not preempted by federal l~w; the laws of the State of Colomdo without regard to its conllicls of law provisiornt. Thi& Agreement has been accepted by Lender in tho St..110 of Colorado. Choice of Venue. If thera is a lawsuit, Borro.ver agreas upon Lender's raquest to submit to the jurisdiction of the courts of DENVER County, State of Colorado. :

    No Waiver by Lendor. Lender she.II not be peemed to have waived any rights under this Agrttemenl unless such waive1 is given In writing and si~nert hy Le~der. No delay or ornissio_n on U1e parl of Lender In exercising ~::iny rtghl shall opera1e as 3 waiver of such ri9ht or;any other right. A waiver by Lender of a proV'lsion of this Agreement shall not prejudice or consutute a waiver of L&nder'.i::; right otherwise to dam.and strict compliance with that provision or any other provi:::1ion of U1it.i Agroomenl No prior waiver by Lender, nor any cour-W 01 dealing between Lender and Sor.rower, or bet\oieep Lender and an_y Granlor. sMll coC'lstltutc a wo.ivor of any of Lender's rights ar of aff/ of

    Borrowe~E or any Granter'::. obhgatlons. as to ~ny tuture transaclions. Whenever ttltt consent of Lender is required under this Agreemenl, Ute granting of such con::;enl by Lender in any 1nsUlnce shall nol constitule canUnulng consent to subsequent fnstancas where such conSent is required and in all ca:ses such consent may be granted or withheld In the sole discretion of Ltmder. Notices. Any notice required to be given 1,

  • 2 0 1 5 0 7 2 2 0 3 0 0 0 l ')

    ' '

    Loan No: 16436001 BUSINESS LOAN AGREEMENT

    (Continued) . I

    Related Documents. The words "Related Documents mean ~II promissory notes, credit agreements, loan agrcemenls, envlronmcntaJ agreernenls, guaranlies, secumy agreements. mortgages, deeds of trust. ecurlty deeds, coltoteral mortgages. and ail ot~.er inslrum .. nts, agraemenl::i and documents. whether now or hereafter exisling, execuled in oonneclion with lhe Loan. I Security Agrocment. The words nsvcuii\y Agreamen1" mean and lncluda without llmllallon any agreements, prornlses, coveniints, arrangements, undarslandlngs or olher agreements, whether created by law. contract, or olherwise, evidencing. governing, represenlln~. or creating a Security !ntorest i Security Interest. The wo1ds "Securily lriterest" mean, without limttalion, any and au types of coJlatsral security, present and future, whether in Iha rorm or a lien. charge, encumbrance, mortgage, deed of lrust, security dood, assi9nm0n1, pledge, crop pledgo, chflttel mortgage, collateral chattel mortgag. challel trust, factor's lien. equipment trust, condi~onal sals, trust receipt. lien or title mtc~llon contract. lease or consignment intondod a& Cl !>ocurity device, or any other sec.urlly or I/en lnlorest whntsoever whether croetecl by )aw. contract. or otherwise.

    BORROWER ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS BUSINESS LOAN AGREEMENT ANO BORROWER AGREES TO ITS TERMS. THIS BUSINESS LOAN AGREEMENT IS DATED JANUARY 8, 2015. .

    BORROWER:

    LENDER:

    CENTENNIAL BANI(

    By:~~~~~~~~~~~~~~~,.,..,.~==-~ DAVIS S; SUTLER, SVP, RELATIONSHIP MANAGER

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    ~ 2 8

    PATRIOT ACT DISCLOSURE

    References in the boxes above are ror Lender's use anly and do nol limit the applicability of lhis document tu any p;:irticular loan or l\t~m. Any Hem above conlalning ............. ha

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    DISBURSEMENT REQUEST AND AUTHORIZATION

    Relerences in tile boxes above are for Lende~s use only and do not limit the applicability of this documenl to any particular loan or ilem. Any item obove cohlainlng ............. has I.Jean omllted aue to text length llrnitations.

    Borrower: COLORADO STATE REPUBLICAN CENTRAL COMMITTEE 5950 SOUTH WILLOW DRl\IE "301 GREENWOOD VILLAGE, CO 80111

    Lender: CENTENNIAL BANK DOWNTOWN BRANCH 7171Tth STREET DENVER, CO 80202 (JUJ) 680-1600

    LOAN T'f PE. This is a Vru1able Raio Nondlsclosable Revolving line at C1edil Loan to a Government Entity for $100,000.00 due on Jonuel)I 8, 2016.

    PRIMARY PURPOSE OF LOAN. T11e primary purpose of this loan is for:

    0 Per.conal, Fumily, or Hou5ehohJ Purp~ses or Personal lnve$tmont. 181 Busllll!Ss (Including Real Es!Blo lnvastrnenl).

    SPECIFIC PURPOSE. The specific purpooo of this loan is: WORKING CAPITAL. DISBURSEMENT INST'.RUCTIONS. Borrower understands lhat no loan proceeds will be disbursed until all of Lander's conditions for 11UJkfng the loan have boan sati:;fied. Pleaso dia.burse the loan proceeds or $100.000.00 as follows:

    Undisburstid Funds: $100,000.00

    Noto Principal: $100.000.00

    CHARGES PAID IN CASH. Borrower ha9 po:Jid or ~ ... ill pa~ in cash as agreed lh~ rollcwing charge~:

    Prepaid Finuncn Charges Paid in Cash: Olhor Charges Paid In Cash:

    $1 .000.00 Loan Origination Fee

    Tol::ll Charges Paid In Cash:

    $0.00 $1.000.00

    s1,ooo.oo AUTOMATIC PAYMENTS. Borrower hereby aulh

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    ' 3 0

    Centennialbank 13700 East Arapahoe Road, Centennial, CO 80112 717 r?' Street, Suite 100, Denver, CO 80202

    Small Business Jobs Act Certification

    303-680-1600

    The following information is req~ested pursuant to Section 4107(dJ(2) of th_e Small Bu>iness job_sAct of 2Q10. The law reqyires an institution to obtain a certification from any business receiving a loan using runds received by the institution under the Small Business Lending Fund.

    Legal Name of Loan Recipient: COLOR1\DO STATE REPUBLICAN CENTRAL CC ("Borrower")

    Legal Name of Lending Institution: CENTENNIAL BANK ("Lender")

    As required by Section 4107(d)(2) of the Small Business Jobs Act of 2010, Borrower hereby certifies to Lenderthat the principals 1 of Borrower and its affiliates have not been convicted of, or pleaded nolo contendre to, a sex offense against a minor (as such terms are defined in sectio11 111 nf the Sex Offender Registration and Notification Act (42 U.5.C. 16911 )J.

    Legal Name of Loan Recipient:

    COLORADO STATE REPUBLICAN CENTRAL COMMITIEf

    By: Authot~ed Signature

    RYAN R CALL Name:

    Tirle: STATE CHAIRMAN

    Date:

    1 n1e rerm "principals" is dej)ned os follows: if a sole proprietorship, tile proprietor; if o porrnership, each managing partner and

    eod> partner who is a nowral person and holds a 20% or more ownership interest in the partnership; and if o corporation, limited Hability company, oisociation or a developmept company, each director, each of the five most highly compensated executives or officers uf rile entity, and each natural person'wha is a direct or indirect holder of 20% or mare of 1he ownership stotk or stock equivalent of the enrity.

    JI.I a IQ b er

    FDIC 09/2011

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    8 0 8 1 2 7 !

    RESOLUTION CONCERN!NG BORROWING AUTHORITY

    After due deliberation and following review of the year-to-date financials of the Colorado Republican State Central Committee, and in accordance with the Bylaws and other governing documents of the Colorado Republican State Central Committee, the following resolution was unanimously approved at the meeting of the Executive Committee on Friday, December 19, 2014 at the headquarters of the Colorado Republican Party:

    RESOLVED:

    1. The Executive Committee of the Colorado Republican State Central Committ~e recommends and authorizes the State Chairman to incur obligations on behalf of the Colorado Republican State Central Committee in the form of a line of credit and/or commercial loan in an amount not to exceed two hundred fif\:y thous;rnd dollars ($250,000.00).

    IN WITNESS WHEREOF, the uride.rsigned officer of the Colorado Republican State Central Committee has signed his name as of the date below.

    Attest:

    Rya1 . Call, State Chairman Colorado Republican State Central Committee

    Date

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    922-2t,20 1iZ06R849027146 __Jlll,2=_6 ____ _ nDC3SXA nDLDC316 JUL c2 os:1o:OB 2015

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    Federal Election Commission ENVELOPE REPLACEMENT PAGE FOR INCOMING DOCUMENTS

    The FEC added this page to the end of this filing to indicate how it was re~eived.

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    PRE~ 1 h.J._ /15 DATE PREPARED (3/2015)