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<br />5. <br /> <br />Bindina Effect. <br />the parties and <br /> <br />This Agreement shall bind and benefit <br />their successorS. <br /> <br />6. Termination. This contract may be terminated by either <br />party with or without cause upon 10 days notice in <br />writing to the other party at the addresses given in <br />paragraph 10. In the event that the contract is so <br />terminated. the State shall compensate and reimburse <br />the Contractor for all costs and expenses paid or <br />incurred by it prior to the time that notice of <br />termination is received by the Contractor. <br /> <br />7. Effective Dates of Contract. This contract shall not <br />become effective until it has been executed by proper <br />state signatories. whereupon it shall remain in full <br />force and effect until December 31. 1986. unless sooner <br />terminated by either party to the contract pursuant to <br />the provisions of paragraph 6. <br /> <br />8. Assionabilitv. This contract is not assignable by the <br />Contr8ctor except with the prior written approval of <br />the S~ate. <br /> <br />9. Continqencv. This contract is subject to and <br />contingent upon the continuing availability of the <br />$197,436 grant Which Reclamation has made to the State. <br /> <br />10. Notice. The agents for the State and the Contractor in <br />all matters concerning this contract shall be: <br /> <br />For the State: <br /> <br />J. William McDonald; Director <br />Colorado Water Conservation Board <br />721 State Centennial Building <br />1313 Sherman Street <br />Denver, CO 80203 <br /> <br />For the Contractor: <br /> <br />Fred Aldrich <br />Nelson, Hoskin. Groves & prinster. .P.C. <br />P.O. Box 40 <br />Grand Junction, CO 81502 <br /> <br />Whenever notice is required pursuant to this contract. <br />it shall be deemed to have been sufficiently given if <br />given in writing by United States mail. postage <br />prepaid. certified or return receipt requested. to the <br />addressees set forth above. <br /> <br />Page ~ of ~ Pages <br />