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1. GRANT <br /> As of the Grant Issuance Date, the State Agency shown on the first page of this Grant Award <br /> Letter (the "State") hereby obligates and awards to Grantee shown on the first page of this Grant <br /> Award Letter(the "Grantee") an award of Grant Funds in the amounts shown on the first page of <br /> this Grant Award Letter. By accepting the Grant Funds provided under this Grant Award Letter, <br /> Grantee agrees to comply with the terms and conditions of this Grant Award Letter and <br /> requirements and provisions of all Exhibits to this Grant Award Letter. <br /> 2. TERM <br /> A. Initial Grant Term and Extension <br /> The Parties' respective performances under this Grant Award Letter shall commence on the <br /> Grant Issuance Date and shall terminate on the Grant Expiration Date unless sooner <br /> terminated or further extended in accordance with the terms of this Grant Award Letter. <br /> Upon request of Grantee, the State may, in its sole discretion, shall have the option to <br /> extend the performance under this Grant Award Letter beyond the Initial Term for a period, <br /> or for successive periods, of one(1)year or less under the same terms specified in the Grant <br /> Award Letter (each such period an "Extension Term"). In order to exercise this option, the <br /> State shall provide written notice to Grantee in a form substantially equivalent to Exhibit <br /> C. <br /> B. Early Termination in the Public Interest <br /> The State is entering into this Grant Award Letter to serve the public interest of the State of <br /> Colorado as determined by its Governor, General Assembly, or Courts. If this Grant Award <br /> Letter ceases to further the public interest of the State or if State, or other funds used for <br /> this Grant Award Letter are not appropriated, or otherwise become unavailable to fund this <br /> Grant Award Letter, the State, in its discretion, may terminate this Grant Award Letter in <br /> whole or in part by providing written notice to Grantee. If the State terminates this Grant <br /> Award Letter in the public interest, the State shall pay Grantee an amount equal to the <br /> percentage of the total reimbursement payable under this Grant Award Letter that <br /> corresponds to the percentage of Work satisfactorily completed, as determined by the State, <br /> less payments previously made. Additionally, the State, in its discretion, may reimburse <br /> Grantee for a portion of actual, out-of-pocket expenses not otherwise reimbursed under this <br /> Grant Award Letter that are incurred by Grantee and are directly attributable to the <br /> uncompleted portion of Grantee's obligations, provided that the sum of any and all <br /> reimbursements shall not exceed the maximum amount payable to Grantee hereunder. This <br /> subsection shall not apply to a termination of this Grant Award Letter by the State for <br /> breach by Grantee. <br /> 3. AUTHORITY <br /> Authority to enter into this Grant Award Letter exists in the law as follows: <br /> State Authority <br /> This Grant Award Letter is funded, in whole or in part, with State funds made available pursuant <br /> to S132012-002. <br /> 4. DEFINITIONS <br /> The following terms shall be construed and interpreted as follows: <br /> Page 2 of 9 Contract CORE No.CTGG 12018-655 <br /> Contract CMS No.104155 <br />