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Privilege of Purchase Ctm[ract, Parkdale, CO Sections 11, 12, 13 & l4~ownship 18 South, Rangc 72 West <br />4. In case the privilege of purchase is not exercised and the conditions fully performed by Seller, <br />their heirs, or assigns, and written notice of exercise and performance given by Agile Stone Systems, Inc. to <br />Seller on or before the date described above in item 3, the privilege shall cease but no liability to refund the <br />$5,000.00 deposit shall arise. The abstracts of title will be returned by the Purchaser to the Seller in good <br />order. <br />5. During the existence of the privilege of purchase this instrument shall be binding on the heirs, <br />executors, administrators and assigns, who may exercise the rights reserved. <br />6. During the six month option period, the Purchaser will determine the likelihood of permitting the <br />Seller's property to satisfy the Purchaser's needs and interests. Permits may be required from the Federal, <br />State and County governments. Until the Purchaser completes the pwchase, the Federal, State and County <br />governments may requite the current Sellers to acknowledge their consent and assistance for the Pwchaser's <br />project. This may require the Seller's written and verbal consem as needed to obtain the appropriate <br />Federal, State and County permits applicable to Pwchaser's needs and interests. It is understood by all <br />parties that the Seller's consent and assistance and any signature rendered to support the pwchaset's project <br />in no way shall place any obligation, cost or liability upon the Sellers. The Seller's signatures may only be <br />considered by any party as the Seller's consent and willingness to assist with the Purchaser's project so long <br />as the Pwchaser completes the purchase of the project per the terms of this agreement. <br />7. The Seller may assign specific property values to specific portions of the ranch subject to the <br />approval of the Pwchaser whose consent may not and will not be withheld unreasonably. <br />8. This Contract is governed by the laws of Colorado. If any part of this Contract is held to be <br />illegal or unenforceable by a Court of competent jurisdiction, the other parts of this Contract shall <br />nonetheless remain in full force and effect. In the event that any action is filed in a Court of competent <br />jurisdiction regarding the terms of this Contras, the prevailing party shall be entitled to recover all costs and <br />expenses of suit, including, reasonable attorney fees. <br />9. Any modification or alteration of this Contract shall be void tmless evidenced in writing signed by <br />all parties hereto. <br />SELLER: <br />Gene Harvey <br />Gustafson Fa <br />PURCHASER: <br />illiam H. Fehr, Chief Executive Officer of <br />~~~~ . <br />Do~/na).l~d E. Cooper .~ .t <br />Charles R. Gust on, T stee, _ ~ i ~', .~ •.~ ;' <br />Gustafson Family Trust = ~ s ?, . ~ ;~'~' ;' <br />s r~ <br />~, <br />~'•, ,f. ~w <br />a 7 ,::.. <br />.~L <br />~~~ <br />~-A- <br />Mitchell E: Albert, President of <br />Agile Stone Systems, Inc. Agile Stone Systems, lnc. <br />889388 02/28/1997 09:BBR 83278 P77 323 <br />2 of 13 R 66.00 D.0.00 N 0.00 FREMONT COU Cp <br />~,, ,~,y, 1111 IIII 11111 III 1111111111 Illllll 11111111111111111111 <br />