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N <br />E. This contract is not assignable by the Contractor except <br />with the prior written approval of the State. <br />F. The parties to this contract intend that the relationship <br />between them contemplated by this contract is that of <br />lender -- borrower, not employer - employee. No agent, employee, or <br />servant of the Contractor shall be, or shall be deemed to be. <br />an employee, agent, or servant of the State. The Contractor <br />will be solely and entirely responsible for its acts and the <br />acts of its agents, employees, servants, engineering firms, <br />construction firms, and subcontractors during the performance <br />of this contract. <br />G. At all times during the performance of this contract, the <br />Contractor shall strictly adhere to all applicable federal and <br />State laws and regulations that have been or may hereafter be <br />established. <br />H. This agreement is intended as the complete integration of <br />all understandings between the parties. No prior or <br />contemporaneous addition, deletion, or otlar amendment hereto <br />shall have any force or effect whatsoeve es a odied <br />herein in writing. No subsequent notat' e e , addition, <br />deletion, or other amendment hereto sh av force or <br />effect unless embodied in a written ct a ted and <br />approved pursuant to State fiscal r <br />I. In its sole discretion, the State ma t ny time and in <br />writing give any consent, deferment, su nation, release, <br />satisfaction. or termination of any or' of the Contractor's <br />obligations under this agreement, with or" without valuable <br />consideration, upon such terms and conditions as the State may <br />determine to be: (a) advisable to further the purposes of this <br />contract or to protect the State's financial interest therein, <br />and (b) consistent with both the statutory purposes of this <br />contract and the limitations of the statutory authority under <br />which it is made. <br />J. Upon completion of repayment to the State in the amount of <br />Three Hundred Forty -Five Thousand Forty -Three Dollars and <br />Twenty Cents ($345,043.20), as set forth in paragraph B.11. <br />above of this contract, the State agrees to convey to the <br />Contractor all of the State's right, title, and interest in and <br />to the project and any other property described in paragraph <br />B.12. above by deed or other proper conveyance. <br />K. The Colorado Water Conservation Board. its agents and <br />employees, is hereby designated as the agent of the State for <br />the purpose of this contract. <br />L. The Contractor agrees and understands that sections <br />37 -60 -119 through 37 -60 -122, CRS, as amended, require that the <br />loan of money by the State to the Contractor for this water <br />project he conditioned upon the repayment of the loan to the <br />State. The Contractor hereby agrees to take any and all <br />actions necessary to guarantee such repayment as provided <br />herein including, without being limited to, the actions <br />specified in this contract. <br />M. The Contractor warrants <br />money pursuant to the terms <br />Contractor's reprosontation <br />estopped from asserting for <br />aul.hor i xed or obligated to <br />required by this contract. <br />that by ac:c optance of the loan <br />of this contract and by the <br />herein, the Contractor shall be <br />any reason that it is riot <br />repay the loan money to the State as <br />N. No monies will become available from this contract unless <br />an equal amount is made available by the Contractor, as the <br />equal cost -share for the project. <br />Page 7 of 10 Pages <br />