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D. Authority <br /> 1. Grantee. If the Grantee is an entity other than an individual, Grantee acknowledges and <br /> represents that it is duty organized, validly existing and in good standing and has the right, <br /> power and authority to enter into this Contract and that this Contract is binding upon said entity <br /> in accordance with its terms. In addition, each individual executing this Contract on behalf of <br /> said entity represents and warrants that he or she is duty authorized to execute and deliver this <br /> Contract on behalf of said entity and that this Contract is binding upon said entity in accordance <br /> with its terms. The Grantee shalt deliver a certified copy of the appropriate document <br /> evidencing authorization for such execution. <br /> 2. State Land Board. This Contract is entered into pursuant to the authority granted to the State <br /> Land Board by Colorado law. The State Land Board acknowledges and represents that it is duty <br /> organized and validly existing and has the right, power and authority to enter into this Contract. <br /> E. Captions <br /> The captions and headings in this Contract are for convenience of reference only, and shalt not be used <br /> to interpret, define, or limit its provisions. <br /> F. Counterparts <br /> This Contract may be executed in multiple identical original counterparts, all of which shall constitute <br /> one agreement. <br /> G. Entire Understanding <br /> This Contract represents the complete integration of all understandings between the parties and all <br /> prior representations and understandings, oral or written, are merged herein. Prior or <br /> contemporaneous additions, deletions, or other changes hereto shalt not have any force or effect <br /> whatsoever, unless embodied herein. <br /> H. Modification <br /> 1. By the Parties. Except as specifically provided in this Contract, modifications of this Contract <br /> shall not be effective unless agreed to in writing by the parties in an amendment to this <br /> Contract. <br /> 2. By Operation of Law. This Contract is subject to such modifications as may be required by <br /> changes in Federal or Colorado State law, or their implementing regulations. Any such required <br /> modification automatically shall be incorporated into and be part of this Contract on the <br /> effective date of such change, as if fully set forth herein. <br /> I. Certain Rules of Construction <br /> Time is of the essence in the performance of this Contract. Unless the context clearly implies <br /> otherwise, each and every act to be performed or obligation to be fulfilled by the Grantee under this <br /> Contract shalt be performed or fulfilled at the Grantee's sole cost and expense. <br /> J. Governing Law and Venue <br /> This Contract shalt be governed by and construed in accordance with the taws of the State of Colorado <br /> and venue shall be in the City and County of Denver. <br /> K. Notices <br /> Every notice, demand, request, designation, consent, approval or other document or instrument <br /> required or permitted to be served hereunder shall be in writing, shalt be deemed to have been duty <br /> served on the day of receipt or rejection and shalt be sent by registered or certified United States <br /> mail, postage prepaid, return receipt requested, or by a nationally recognized overnight courier service <br /> ROW 113070 Page 13 of 16 Revised DOL_20180717 <br />