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As part of the consideration for the award of this Contract, the Contractor assigns to the IHCDA all right, <br />title and interest in and to any claims the Contractor now has, or may acquire, under state or federal antitrust <br />laws relating to the products or services which are the subject of this Contract. <br />7. Audits. <br />The Contractor acknowledges that it may be required to submit to an audit of funds paid through this <br />Contract. Any such audit shall be conducted in accordance with I.C. 5-11-1, et seq. and audit guidelines <br />specified by the State. IHCDA considers the Contractor to be a "Contractor" under 2 C.F.R. 200.330 for <br />purposes of this Contract. However, if it is determined that the Contractor is a "subrecipient" and if required <br />by applicable provisions of 2 C.F.R. 200 (Uniform Administrative Requirements, Cost Principles, and Audit <br />Requirements), Contractor shall arrange for a financial and compliance audit, which complies with 2 C.F.R. <br />200.500 et seq. <br />8. Authority to Bind Contractor. <br />The signatory for the Contractor represents that he/she has been duly authorized to execute this Contract on <br />behalf of the Contractor and has obtained all necessary or applicable approvals to make this Contract fully <br />binding upon the Contractor when his/her signature is affixed, and accepted by IHCDA. <br />9. Changes in Work. <br />The Contractor shall not commence any additional work or change the scope of the work until authorized in <br />writing by IHCDA. The Contractor shall make no claim for additional compensation in the absence of a <br />prior written approval and amendment executed by all signatories hereto. This Contract may only be <br />amended, supplemented or modified by a written document executed in the same manner as this Contract. <br />10. Compliance with Laws. <br />A. The Contractor shall comply with all applicable federal, state and local laws, rules, regulations and <br />ordinances, and all provisions required thereby to be included herein are hereby incorporated by reference. <br />The enactment or modification of any applicable state or federal statute or the promulgation of rules or <br />regulations thereunder after execution of this Contract shall be reviewed by IHCDA and the Contractor to <br />determine whether the provisions of this Contract require formal modification. <br />B. The Contractor and its agents shall abide by all ethical requirements that apply to persons who have a <br />business relationship with the State as set forth in I.C. § 4-2-6 et seq., I.C. § 4-2-7, et. seq., the regulations <br />promulgated thereunder, and Executive Order 04-08, dated April 27, 2004. If the Contractor has <br />knowledge, or would have acquired knowledge with reasonable inquiry, that a state officer, employee, <br />or special state appointee, as those terms are defined in IC 4-2-6-1, has a financial interest in the <br />Contract, the Contractor shall ensure compliance with the disclosure requirements in IC 4-2-6-10.5 <br />prior to the execution of this contract. If the Contractor is not familiar with these ethical requirements, the <br />Contractor should refer any questions to the Indiana State Ethics Commission, or visit the Inspector <br />General's website at http://www.in.gov/ig/. If the Contractor or its agents violate any applicable ethical <br />standards, IHCDA may, in its sole discretion, terminate this Contract immediately upon notice to the <br />Contractor. In addition, the Contractor may be subject to penalties under IC §§4-2-6, 4-2-7, 35-44.1-1-4, and <br />under any other applicable laws. <br />C. The Contractor certifies by entering into this Contract that neither it nor its principal(s) is presently <br />in arrears in payment of taxes; permit fees or other statutory, regulatory or judicially required payments to the <br />State. The Contractor agrees that any payments currently due to the State of Indiana may be withheld from <br />payments due to the Contractor. Additionally, further work or payments may be withheld, delayed, or denied <br />Page 2 of 15 <br />