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The Parties are not exchanging any monetary consideration for this Agreement. <br />6. EXECUTION OF SUBORDINATION AGREEMENT <br />CWCB shall execute a subordination agreement substantially in the form set forth in Exhibit A to this <br />Agreement on or before March 31, 2012 and CPW shall be responsible for having said subordination agreement <br />filed in the records of the county clerk and recorder for Sedgwick County. <br />7. FAILURE TO PERFORM- DISPUTES <br />The failure of a Party to perform its respective obligations in accordance with the provisions of this Agreement <br />is a breach of this Agreement. In the event of disputes concerning performance hereunder or otherwise related to <br />this Agreement, the Parties shall attempt to resolve them at the divisional level. If this fails, disputes shall be <br />referred to senior departmental management staff designated by each Party. If this fails, the executive director of <br />each Party shall meet and attempt resolution. If this fails, the matter shall be submitted in writing by both Parties <br />to the State Controller, whose decision shall be final. <br />8. NOTICE AND REPRESENTATIVES <br />Each individual identified below is the principal representative of the designating Party. All notices required to <br />be given hereunder shall be hand delivered with receipt required or sent by certified or registered mail to such <br />Party's principal representative at the address set forth below. In addition to, but not in lieu of a hard -copy <br />notice, notice also may be sent by e-mail to the e-mail addresses, if any, set forth below. Either Party may from <br />time to time designate by written notice substitute addresses or persons to whom such notices shall be sent. <br />Unless otherwise provided herein, all notices shall be effective upon receipt. <br />CWCB <br />Kirk Russell, Chief <br />CWCB Finance Section <br />1580 Logan St. <br />Suite 600 <br />Denver, CO 80203 <br />kirk.russell@state.co.us <br />Page 2 of 4 <br />