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The Parties acknowledge that the mutual promises and covenants contained herein and other good and <br />valuable consideration are sufficient and adequate to support this Grant. <br />C. Purpose <br />The Development of Practical Alternative Agricultural Water Transfer Measures for Preservation of <br />Colorado Irrigated Agriculture. This Grant is for the Rotational Land Fallowing and Water Leasing <br />Program — Lower Arkansas Valley Super Ditch Company in the Arkansas River Basin. <br />D. References <br />All references in this Grant to sections (whether spelled out or using the § symbol), subsections, exhibits or <br />other attachments, are references to sections, subsections, exhibits or other attachments contained herein or <br />incorporated as a part hereof, unless otherwise noted. <br />4. DEFI1vITIONS <br />The following terms as used herein shall be construed and interpreted as follows: <br />A. Budget <br />"Budget" means the budget for the Work described in Exhibit A. <br />B. Evaluation <br />"Evaluation" means the process of examining Grantee's Work and rating it based on criteria established in <br />§6 and Exhibit A. <br />C. Exhibits and other Attachments <br />The following are attached hereto and incorporated by reference herein: Exhibit A. <br />D. Goods <br />"Goods" means tangible material acquired, produced, or delivered by Grantee either separately or in <br />con�unction with the Services Grantee renders hereunder. <br />E. Grant <br />"Grant" means this Grant, its terms and conditions, attached exhibits, docuxnents incorporated by reference <br />under the terms of this Grant, and any future modifying agreements, exhibits, attachments or references <br />incorporated herein pursuant to Colorado State law, Fiscal Rules, and State Controller Policies. <br />F. Grant Funds <br />"Grant Funds" means available funds payable by the State to Grantee pursuant to this Grant. <br />G. Party or Parties <br />"Party" means the State or Grantee and "Parties" means both the State and Grantee. <br />H. Program <br />"Program" means the Water Suppiy Reserve Account grant program that provides the funding for this <br />Grant. <br />I. Review <br />"Review" means examining Grantee's Work to ensure that it is adequate, accurate, correct and in <br />accordance with the criteria established in §6 and Exhibit A. <br />J. Services <br />"Services" means the required services to be performed by Grantee pursuant to this Grant. <br />K. Sub-grantee <br />"Sub-grantee" means third-parties, if any, engaged by Grantee to aid in performance of its obligations. <br />L. Work <br />"Work" means the tasks and activities Grantee is required to perform to fulfill its obligations under this <br />Grant and Exhibit A., including the performance of the Services and delivery of the Goods. <br />M. Work Product <br />"Work Product" means the tangible or intangible results of Grantee's Work, including, but not limited to, <br />software, research, reports, studies, data, photographs, negatives or other finished or unfinished documents, <br />drawings, models, surveys, maps, materials, or work product of any type, including drafts. <br />5. TERM and EARLY TERMINATION. <br />Intial Term-Work Commencement <br />Page 2 of 15 <br />