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03/26/03 09:29 FA% 970 348 3777 BATAA OIL <br />03/26/2009 09:23 FA% 972 900 8420 ffi$IiIT liNbKt;7t <br />w <br /> <br />Any party may, by written notice so delivered to the odter parties, change the address or <br />individual to which deliver shall thereafter be made. <br />17. RECORDAYG. <br />Ibis Agreement, any amendment hereto, sod any release entered into ptnsuant to Section <br />14 above, shall berecorded byHell-Irwin, whfah shall provido the other parties with a copy <br />showing the recording information as soon as practicable thereafter. <br />18. ARBITRATION. <br />Any cont<oversy or claim arising out of orrelating to this Agrieement, or the breach thereof <br />shall be resolved by arbitration administered by the American Arbihstioa Association <br />under its commercial rules, and judgment on the award rendered by the arbitrator(s) maybe <br />entered is nay court having jurisdiotiaa thereof <br />19. APPLICABLE LAW. <br />This Agreement shall be governed by and construed in aaordance with the ]aws of the <br />State of Colorado. <br />20. ENTIRE AGREEMEPIT. <br />This Agreement sets forth the entire naderstandiag among the parties hereto regarding the <br />matters addressed herein, and supersedes ffiY pnwious communications, represeutetions or <br />agreements, whether oral or written. This Agreement sha11 not be amended, accept in <br />written form argued by all parties. <br />The parties have executed this Agreement on the day and year first above written. <br />Merit Enea'gy Compapy <br />.~.~ <br />By: ~! /~- <br />Its: V. ~. <br />HALL-IRWIN CORPORATION <br />sy: <br />Page 10 of 12 <br />