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IYV ~VUVV f~ J 10. Lines 406 and 407 of the contact shall read as follows: The Selling Broker is a Buyer's Agent in this transaction. I1. Lino 409 shall be deleted and replaced with the following; Any broker's commission to be paid to the broker, Phil Foster and Company, andlor Peter G, Gunderson shall ba paid by Buyer, 12. Bxhibit A shall be modified to read es follows: to be inserted by Title Company. l3. Paragraph 5 (a) of the Addondum attached as Exhibit B to the contract shall reflect a ~ Purchase price. 14. Paragraph 5 (b) shall be aQjusted to reed as follows: (b) Earnest Money Deoosit(sl. Earnest money shall be placed in an interest bearing acwuat and, together with all interest earned thereon, shall be applicable to the purchase price. Buyer shall depoait~ ~~,d, rho/100 Dollars as an earnest money deposit with d>tewart Titld-of ~enver the "title company") within three (3) days of Mutual Execution of the Contract ("MEC," as defined in the contraM). The earnest money deposit, and any interest accrued thereon, shall be dispersed to Seller at the expiration of the due diligence end inspection period (defined herein at Paragraph 7). The earnest money shall be: (i) applied to the purchase price as a credit to Buyer at closing, and (ii) shall be non-refundable upon the satisfaction of the due diligence and inspection contingency set forth in Paragraph 7 0£ this Addendum, except in the event that Seller is in default at that time. In the event Buyer terminates this contract during the inspection period, ell earnest money, and any accrued interest thereon, deposited with the title company shall be refunded to Buyer. 15. Paragraph 5 (c) shall be modified to read as follows: (c) E~ension(sl to Contact. The closing may be extended at the option of the Buyer foc one additional period of 2 months, The Buyer may exercise this extension by doing the following prior to the end of the projected closing date as par Paragraph 10 of the Addendum (i) giving written notice to Seller of the exercise and (ii) the a ant to Seller of an additional and No/100 Dollars ~j which amounts shall not be applied to the purchase price and shall benon-refundable to the Buyer. 16. T'he following shall be added as a new Paragraph 5 (d) to the Addendum attached as Exhibit H. (d) lyarly Closine. If the Huyer closes within 120 days of the Mutual Execution of the Contract, as defined in the contract, the purchase price shall be reduced tom. If the Buyer closes on the transaction within 210 days of the Mutual Execution of the Contract, as defined in the contract, the purchase price shall be reduced tom, 17. The Buyer shall provide reasonable notice to the Seller when they will enter the property in order to exercise their rights under the due diligence- and inspection period set out in Paragraph 7 and Paragraph 12 of the Addendum attached as Exhibit $. l S. Paragraph 9 of the Addendum attached as Exhibit B shall be modified to read as follows: l~fineral Rights. With respect to the Mineral Rights, Seller and Buyer agree ae follows: At closing, Seller shall convey all mineral rights owned by Seller associated with or pertinent to the property, if any, by appropriate transfer document, in a farm acceptable to Buyer. 19, Paragraph 17 of the Addendum attached as Exhibit B shall be modified to read as follows: Brokerage Fee. The Buyer shall pay a brokerage fee of three percent (3%) of the purchase price to Phil Foster and Company, who is acting as s Buyer's agent with the full knowledge and approval of the Seller. Buyer hereby discloses drat certain principals of Buyer, speeiflcally including Mark D. Campbell, are licensed real estate brokers in the State of Colorado.