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<br />termination of any or all of the Borrower's obligations under <br />this agreement, with or without valuable consideration, upon <br />such terms and conditions as the State may determine to be (a) <br />advisable to further the purposes of this contract or to <br />protect the State's financial interest therein, and (b) <br />consistent with both the statutory purposes of this contract <br />and the limitations of the statutory authority under which it <br />is made. <br /> <br />I. Upon completion of the repayment to the State in the sum, <br />of Three Million Thirty Thousand Five Hundred Sixty Dollars <br />($3,030,560), as set forth in paragraph A.ll. of this contract, <br />the State agrees to convey to the Borrower all of the State's <br />right, title, and interest in and to the project and any other <br />property described in paragraph A.5. by deed or other proper <br />conveyance. <br /> <br />J. 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 /> <br />K. All notices, correspondence, or other documents required <br />by this contract shall be delivered or mailed to the fallowing <br />addresses: <br /> <br />(a) For the State <br /> <br />(b) For the Borrower <br /> <br />Mr. J. William McDonald, Director <br />Colorado Water Conservation Board <br />721 State Centennial Building <br />1313 Sherman Street <br />Denver, CO 80203 <br />Attn: Nick Ioannides <br /> <br />The North poudre Irrigation <br />Company <br />P.O. Box 100 <br />Wellington, CO 80549 <br />Attn: Robert Stieben, <br />President <br /> <br />Page 6 of 8 Pages <br />