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<br />. <br /> <br />. <br /> <br />3, There are no provisions in either the Certificate of Incorporation or By-laws of the <br />Company or any state or local law which prevent this contract from being binding <br />upon the Company, <br /> <br />4, The contract will be valid and binding against the Borrower if entered into by the <br />State of Colorado. <br /> <br />Sincerely, <br /> <br />LIND, LAWRENCE & OTTENHOFF LLP <br /> <br />~. ~({. <br /> <br />Kim R. Lawrence <br /> <br />KRUkrl <br />Enclosures <br />pc: Kathie Seetch (w/enc) <br /> <br />~ <br /> <br />./ <br /> <br />F:\KIM\STERLlNG\CONSYBD1.L TR <br />