HomeMy WebLinkAboutbocc.ord.020.2012 AN ORDINANCE OF THE �
BOARD OF COUNTY COMMISSIONERS �
OF PITHIN COUNTY,COLORADO,AUTHORIZING ACQUISITION OF THE I
SHIELD-0 COMMONS PARCEL
ORDINANCE#�Q, SERIES OF 2012
RECITALS
L The Voters of Pitkin County and the Pitkin County Commissioners established an Open
Space and Trails Fund for the purposes of preserving and providing open space and trails
resources in Pitkin Counry, and established an Open Space and Trails Board of Trustees to
guide the expenditure of those funds.
2. The owners of the l l4 acre Shield-O Commons Parcel are willing to sell the property to
Pitkin County for $475,000 with the proviso that the County also assume responsibiliry for
the back taxes due.
3. Conservation of the Shield-O Commons Parcel would enhance our open space program by
eliminating potential development of three Lots on a scenic mesa while ensuring continued
community acc.ess to it.
4. Conservation of the Shield-O Commons Parcel will also enhance the protection of the
adjacent Windstar properry by eliminating potential development on its southern boundary
and affording potential access.
5. On July 19, 2012, the Open Space and Trails Board publicly recommended �he expenditure
of up to $687,000 for the purchase of the Shield-O Commons Parcel.
� NOW THEREFORE BE IT ORDAINED by the Board of County Commissioners of
� Pitkin County, Colorado, that:
�
1. The Board approves an expenditure of up to $475,000 purchase price for the
� acquisition of the Shield-O Commons Parcel, $142,000 for the back taxes, and up
�� to $20,000 in related transaction expenses.
�
2. Upon approval of the form by the Open Space Director and County Attorney, the
Chair is authorized to execute an agreement for purchase of the Shield-O Commons
Parcel for$475,000, and the Chair is further authorized to execute such documents as
a necessary to consummate this transaction upon approval of the form thereof by the
Open Space Director and County Attorney.
.;
RECEPTION#: 592633, 09l27l2012 at
03:33:36 PM,
1 O�4, R $0.00 �oc Code ORDINANCE -
Janice K.Vos Caudill, Pitkin County, CQ �
3. The purchase agreement shall have a contingency that the County and the Shield-O
Road Association reach a mutually acceptable agreement regarding public use of
Shield-O roads. The OSTB and BOCC wil] determine the adequacy of any
agreement in satisfaction of this contingency.
4. As provided in the Pitkin County Home Rule Charter, section 13.5.3, the Board
hereby declares its intention to allow later conveyances of portions of the Shield-
O Commons parcel pursuant to lot line adjushnents with neighboring parcels
which do not impair the conservation values of the property.
5. That adjustments be made to the year 2012 budget as follows:
OPEN SPACE AND TRAILS FUND
Previous Revised
Budget This Change Proi Bud�et
Shield O Commons Parcel
Expenditure 0 $687,000 $687,000
The BOCC finds that adoption of this ordinance is necessary for the immediate
preservation of the public health, safety and welfare of the citizens of Pitkin County and
therefore declares this ordinance and legislation to be effective immediately.
INTRODUCED, FIRST READ, AND APPROVED ON THE ZSth DAY OF
JULY,2012.
NOTICE OF PUBLIC HEARING PUBLISHED IN THE ASPEN TIMES
WEEKLY,O/�N THE�DAY OF � ( 2012. 1��t�d �K �r'/ '`�.Y �. `�-
f�tr��rtt, l:UVt�E�( lf/-t.hsff�C �k��� �p� � p/2
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APPROVED UPON SECOND READING AND PUBLIC HEARING ON
� THE�DAY OF ALJGUST 2012.
? PUBLISHED AFTER ADOPTION IN THE WEEKEND EDITION OF THE
�
� ASPEN TIMES ON THE '�� DAY OF r ,2012.
� ATTEST: " BOARD OF COUNTY COMMISSIONERS
�
`� � OF PITKIN COUNTY, COLORADO
�
;'7 ,� \
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Jean te Jones ichael M. ws y
;; Depu Clerk Chair
,�.� Date: � (l � 01 d�''�--
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APPROVED AS TO FORM:
_ _-
� .___-
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John Ely � Jon P co
Cou�t?���rney County Manager
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_ �.�-�, �._ ( _�"ty _,.� .
� � ` . . '
Dale Will, Director �
Open Space and Trails Program
Ordinance �'�-'012
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A.spcn � 5otheb S �spen Snawmass Sotheby's InternatiQnat Reaity
3 Snc�wtnass ..,,,.....nw=�.Y�, �ark Fiaideman
'' Ph: 970-429-37b8 �ax; 970-920-9993
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he printad portions aP thts forns,except dlfferentiated additians,have been approved by the Colorado Real Estate
� Commisston {CB54-IO-11)iMandatary i-I2l
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to THiS FOftM HA5 IMPORTAPi�LEGAL Ct�NSEQUEPiCES AF�ta'iNE PARTiES SHOULD CONSULT LEGAI
'= AND TAX OR 07EfER CdUNSEL 8EF8RE StGNING.
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i•� CONTRAC7 TO SUY ANt}SELL FtEAL ESTATE
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Lr {O property wifh Restdences-Resldenttai Rddendum Attached)
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�; 1. AGREEMENT.Buyer,identified in§2.1,agrees to huy,and Seller,identified in§2.3,agrees to selt,the
'-�' Property described befaw on the tetms and conditlnns set forth En th(s contract(ConUract).
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3�7
-`t 2. PAf1T(ES MtD RROPERTY.
�'` 2.1.Buyer.8uysr,Pffkin County Board of Commissianers,wifl take tiNe to the Property descrihed
3 i betow as❑ Joint Tanants ❑Tenants In Cammon �Other
�' in rts name
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37 2.2. AsslgnabiEity and Inurement This Contract Shaii Shatf Not be assignatrJe by 8vyer
'� without SetEer's prfor writ#en cortsent.Except as so restricted,this Contract shatt Inure to the beneEft aE and be
;� bindtng upon the helrs,personat representatives,succes.sors and as5igns ot the pecties.
•�i 2.3.Se![er.Seiler,Snotvmass Haidings L�C,Is the wrcent owner of the Pmperty described be(ow.
'� 2.4.Froperty.The Properfy is fhe foitowtng tegaEty described real estate!n ttae Caunty vi
s ta Pitkfn ,Coiorada:
± •�5 SubBfvlslan:SNtEL1�-O-MESA Section:94 Township:9 Range:8G PROPEfti'Y!N SECS i4 15 2F Z3
''° &27'OF T 9 S R SB W S2NIR/4
sn IY2SLN4 8 SW4SW4 SEC�1d-9-86 S�4 S2AtE4 S2NW4 NW4SW4
� �� SEC i5-9-86 NE4NE4 W2NE41VW4SE4 W2 SEC 22-3-86 L4T5 75
;° 8 i6 OF SEC 17-9•86 THAi'PT OF SE-01UE4 lVE�f9E4 LOTS 1�3
s? OF SEC 22-9-86 8 7tfE IJVYaMW4 8 SW4NW4(3F SEG 23-9-&6
�3 LYING MWLY FRt)M THE CTR UME OF TFi+E CQ t7D AT PG B03
`�' ALL THAT PART W2SE4 8 TNE SW41dE4 SEC 94-9-86 LYIN'�W
;� QFA L1ME ClESC AS BEG ATA PT WN THE NE COR SEC't4-9-86
s� 6EAR5 N 2T DEG fg'ST35 h7 FH COl1fTtNUTAIG BYM/B T0,4 P7
�Q OIV THE N LJNE DF SW4AIE4 OF SAfD SFG?4-9-86 SE4SW4 SEC
fin 149-86 ALL THAT PARF OF THE NE4NW4 OF SEC 23-9-86
�1 LYIMG NWLY 8 WiLY OF THE Cd RD BK iT1'PG 375 MZNW4 8
6` NE'4SWd OF SE'C 75-9-86 BK 221 PG 39 LFS5 TO SCARROW t
��i AC 234/5d8 LESS TO VYAMSLEY 1 AC 234164T LESS 3 TRACTS
�S KQNCE 2.15 RC PERKfNS 4AZ AC BFl1N6AZE Z.21 AC LES3 Tp
°� LA GIO1,4 ET AL 4.5T AC Ct�NT 2.68 AC TO MACKEN7IE BK Z38
'ic PG 403 LESS THESE LOTS tN SHIELD-O-TERRACES DEEDED
�e OUT!N 1969 L.QtS 151T8 22 Z4�35 LESS 758.(75�tC TO
70 WfENER 8K 243 PGS 9�-iQt LESS TD UTAH PR[)CESS AGEW�Y
�;. A TRACT SlTUATED tN NW41VE4 SEC 22-9-86 DESC BYM1B
i3 COMT 6 AC MtL BiC 280 PG 9��ESS T�MC At.tlSTER A PARCEL
;5 (N LOT i8 SEC 27-9-86
:s knawn as No. Tbd Rurai MountaT,rt Road Snowmass�O 81654,
r' together with the tntarasts,easements,rights,benehta,impravements and attached fncfures appuRenant thereto,
;9 and aN lnterest a1 Seitar in vacated stteets and elleys adjacent thereto,except as herein excluded(Property).
�0 2.5,tnciustoes. 'Fhe Purchase Price includes the following items(Inciusions):
al 2.5.1. Fixtures.All fuctures attached to the Property on the date of this Contract.
<s II2
83 Other Ftxtures:A(d .
'J� a� ff a fxtures ara attached fa the Pro afier the date of this ContracF,such additional fixtures are aiso[nctuded
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;! CBS4-!0.]i. CON CT T lJY AND SELL REAL ESTATE- Lend Page 1 of�5
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Buyer(s)Inidals Seller(s)Initials
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�s in the P"urchase Price.
e; 2.5.2. Personal Property.tf on the Property whefher attached or nat on the date of thts Contract:
8e n!a
a� Other Personaf Praperty:
?i nla
9•'- The Fersonal Property to be conveyed at Gtosin sha�be conva ed b Seilec free and clear at atl
3z 8 Y Y
�,� taxes{except personai properEy taues for fhe year of Closingj,liens and encumbrances,except
9s n!a .Conveyance shan be by blll of sate or Mher apprcabie leget instrument�
ng
�� 2.5.3. rrade Ftxtures.UVtth respect to trada fixtures,Seifer and Suyer agree as faiiaws:
�?R nla
ns
i�� The Trade Frxtures tn be corneyed at Ctosing shati be conveyed by Sefler free and c[ear ot aB taxss
�.�! (except personat propetiy taues tor the year ot Gas[ngj,Irens and encumbrances,except
ioz nla
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i a•+ Conveyance shatt be by bilt of safe or other appqcahte tegal instrument
��` 2.5A. Water Fitghts,Wate�and Sewer Taps.
t��' 2,5.4.1. Deeded Water Rights.The loftowing legally described water rights:
.a:
�o� Fhere are rro wafer ri hts betn transtered in th/s transactlan,
���4 An water rtghts shalt tse canve ed b nfa Deed Other a
sin Y Y Y pplicab►elegal
t i i instrument.
`i 2 ❑ 25.4.2.Welt Rigbtg. It arry weter well is to be transferred ta Buyer,Ssifer agnees to
t13
1 I, suppfy t�equtred informatbn about such wea to Buyer.Buyer understands that if the well to be transterred Is a
�is Small CapaciEy WeA ar a OomesGc Enempt Water Weli us¢,d tar ardinary household purposes,Buyer shaif,prior
�i� to or at Ctosing,complete a Change In Qwnership form for the wetL If an e�osting well has not been regtsteced wlth
i I s the Cotc�rado Divieion of Water Resoutt�s in the Repartment of iVatural Resources(Divisian),Buyet sha�comptete
t I4 a registtation oF sxi�ting well form for ihe weft end pay the cost ot regisfrat�on.tf no person wilt be providing a
�'� cbsing service in connection w3th the transaction,8uyer shalt tAe the farm with the Divislon withia sixty days after
�
;i? Closing.The We!(Permit#is tt/a
�'-= - 2.5.4,3. ❑Water Stock Cert�catest
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;�= nta
�2 b 2.5.4.4. �7 Water Tap Sevrer Tap
t27
128
T 2� Hote:Buyer ls advlsed to obb(n,frotr�the provlder,written conf�rmat�an of the amount remaining to be
��Q paid,If arsy,time and other restricttons for transfer and�se oi the tap.
?31
t72
��� 2.5.4.5.Other Rights:
��' nla
t]5
,3� 25.5. Growing Crops.With respect to growing cxops,Selter and Buyer agrae as fottows:
t» nta
139
!39
j'� 2.6. Exatuslans.The foffow'rng items are excluded(Excfustons):
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``'`' a. �aT�s�o o�ao►uc��s.
�•�g �'�„`�
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t x` (tem No. Refetence Event Date or Deadtlne =�'r
Itp •
!�?� 1 §4.2 Attemative Eamest Mone Deadtine y,�} 077 a0/a
�su and Aseociation
I51
►=z 2 §7.t Record Tftle Qesdlina 14 Da s After MEC
`'`� 3 §T.2 Exce ttans Re uest Deadiine 14 Da s Affer MEG
t s s 4 §8.f Recard Tftte Ob edlon Deadtine 75 Da s ARer MEC
t`-� 5 §8.� Of�Recard TiUe Deadline 14 Da s After MEC
;��
:_� 6 §8.2 Off-Recard'fttis O on Deadfine T5 Da s AfferMEC
!`� 7 §8.3 TiUe Resolu�on Deadqne 14 Da s Afte�MEC
�Ea 8 §7.3 Assoctatton Documents Qeadtine 14 Da After MEC
!et
i�? 9 §7.3 Assoclatlan Oocu�rtents Ob ectlon Deadllne 75 Da s Atter MEC
''�j 'IO §8.5 Ri hi of Flrst Refusal Deadllne
:�a
,es Setier`s Prope�ty Qlsc{osure
16' 11 §4Q.1 Sellet's PrQ e Qisclosure Deadlfne 14 Da s AfiPt MEC
is�
�s� Loan and Credtt �
CBSA-iQ-t I. C CT TO CJY AND SELL REAL ESTA7`E- Land Page 2 of 15
Buyer{s}Initials � Sellez(s)in►tials ��'�
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k6° 12 §5.1 loan ttcatlon D�di�e
i;� 13 §5.2 t.oan Conditions Qeedline
�'� 14 §5.3 Bu et's Credit infatmaEian t?eadllne
173
�1 q 15 $5.3 Qlsa rovai ot B er's Credlt informadon t3eadline
r�s 16 §5,a Exls6n Laan Qocuments Deedtine
'�b 1T §5.4 �adsttn Loan Documents Obection�ead[ine
i;�
��s .:18 §5.4 Loan Trensfer A rovai beadfine
►��3
!3e ppralsat
t�� 18 §6.2 A cafisat deadtlne
�'z 2Q §6.2 A raisai Ob edian QeadHna
�s�
�sa ' Survey
�s s 2� §g,� Gurrent Surv Oeadline 14�a s ARer MEC
186
1 B; 22 §9.2 Current Surv tJb ection Deadline 45 L1a s Aker MEC
1�� InspeeNon and Que Diligenee `
�
i�n 23 §10.2 Ins ection 0 'ectbn Deadline 75 Da s A�fer MEC
�°� 24 §10.3 Fns edion Resatution Deadttne 78 Da s After MEG
19� 25 §10.5 Pro Insurance Ob ecGon Oeadtlne 75 Da s Affer MEC
1�3
trya �g §1p,g Due Dili ence Qocuments Detive Deadltne !4 Da s AfterMEC
i`�� 27 §10.7 Due Dtll nce Documents Ob ecttnn Deaditne T5 Da s Alter MEC
196
isz 28 §t0.8 Environmental Ins cNon Ob ecHort oeadEine n!a
i ge 29 §10.8 ADA Evafuatlan Ob'ecGon Deadlfne n(a
��� 30 §11.1 Tenant Esto et Statements Oeadflne rtla
zo z 31 §1'1,2 Tenant Esto ef Statements Ob ectbn Deadiine
�03 ClosEng and Possession
'•aa 32 §12.3 CIOS(n Dete 9(10($Qt2 t•�onday
'0S 33 §i7 Possession Date A�closin
io? 34 .§17 Possession Time At closi»
�ae 35 §2fl Acce tence Deadline Date 6H5/24}2 Frlday
�°� 36 §28 Acce tance Deaditne Time 5:110 PM MOT
Ff1 37 !a nla
�2; 36 n!a nla
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�t� Note: Appllcabttity of Terms.
;i 7 Any box,blank or pne in thls Contract leR btank or completed wiFh the abbrevlation"NIA`,or the ward'Deleted"
=iA means surh prouislon tn Dates and Deadifnes(§3j,inciuding any deadBne,Is not appllcabte and the
`I� correspanding ptovisfos►of Rhls Cantra�t to which reterence is made is deieted.
zzo
zzi
_�� 7he abbrevlation°MEC(muivai execution of this Contractj means the date upon whicfi both parties have signed
"`; this Contract.
zza
225
2''° d. PURCHASE PRiCE AI�lR TERMS,
��7
?za 4.1.Pcice and Terms.The Pur�hase Price set forth betow shait be payabie In U.5.Dottars by 8uyer as
==g folfaws:
`J° ttem No. Refatence ttem Amount Amount
.�i
-3? � § 4.1 utchase Pdce $475,000.00
�3� 2 � 4.2 amest MoneY Ji25,000.0t1
�'r 3 § 4.5 ew Losn
z,
3� 4 §4.6 sumpBon Balance
;,� 5 §4.7 etier or Private Financing
:a+1 B /a Ja
'-"1 7 n!a !a
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za3 B §4.3 ash at Clasfn8 $45Q,QQ0.00
z`'a 9 QTA� $475 O�t1.00 $4T3,tJt10,Ott
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z�is 4.2. Earnest MQaey.The Eamest Money set fwth in this section,in tfte form ot
zso check or wire ,sha�be payable ta and hetd by Land title Guarantes Camaany
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'�i {Eamest Money Hofder),in its trust account,on behalF of hoth Selter and Buyer.The Eamest Money deposft shall
:�j be tendered with this Cantract u�less the pa�t{es mutually agree to an Altemative Eamest Money Aeadpne(§
�sa 3j for fts payment.(f Eamest Money Holder ts other than the 8rokerage Flrtn identified in§33 or§34,Ctosing
;�� InstrucUans signed by Buyec,Seiler and Eamest Money Flolder must be obtained on or before da8very af Earnest
�;� Money to Eamest Money Hofder.The petUes authorfze defnrery of the Eamest Money deposit ta the company
ass canduct(ng!he Ciosing(Cbsing Gamp�nyj,tf any,at or before Cbs{ng.(n the event Eamest Money Hoider has
;5O agreed to have interest on Femest Money deposits transfeRed to a iund estabi'rshed for the purpose of providing
;6° affordabie housing to Cotorado reskienls,Seller and Buyer acknowledge and agree that eny interest accruing on
�sz the Eamest Money deposited with the Eamest Maney Hofder tn thts uansadbn shall be transferred to such fund.
��� 4.2.1. Aiternative Eames!Money peaditne.The deadt(ne for deliverirrg ihe Eamest
�GS Money,if ofher than at the time af tender of this Gontract is as set forth as the Attemative Earoest Money
zse Deadline(§3j.
;Fe 4Z.2. Return ai Earneat Money,tf 8uyer has a Rlght to i'erminate and ttmety terminates,
,�� Buyer sh�ll ba ent€t►ed to the retum af EBmest Money as provlded tn thls Cantract,lf this Contract is terminated as
=?a set ferth in§25 and,exc:ept as prov(ded in§24,if the Eamest Money has nat atready been reteimed fotfowing
�'t receipt of a Not(ce to Tertninate,Setier agrees to execute and refurn to Buyer ar Broker work(ng with 8uysr,
�;3 rvrttten muEuai tnstn�ctions,i.e.,�amest Money Retease fartn,within three days of Setters recetpt of such form.
z7a 4.3. Form of Funds;Ttme of F'ayment;Funda Avatlabie.
;�� 4.3.1.Csoad Funds.All amounts payahfe by the parties at Cios(ng,EnGuding any taan
Z;� proceeds,Cash at Cias[ng and dostng costs,shat(be in funds that compty with afi applieabfe Coiorado lews,
t�r inalud)ng electronic frarxsEer funds,certified check,savfngs and toan telters check and cashler's check(Gaod
�'�9 Funds}.
?s i 4.3.2.Avattabte Funda.Atf funds requlred to be pald at Clostng or as otherwise agreed in
zaz writing between the parties shall bs timely pafd to attow dtsbursemeM by Clostng Company at Ctosing OR SUCH
�e 3 pq�Ty SHA�L gE tN DEFAULT.Buyer rapresents that Suyer,as ot the date of this Conhact,�Does CJ Does
;s 5 Not hava furxfs that are immedtately ver'rflab(e and avallabte in an amow►t nof tess than the amount stated as
zeo Cash at Clasing(n § 4.L
;�y 4.4. 8eller Caacesslort.Seller,at Closing,shatt credlt,as directed by 8uyer,an amount of
�en $a to assist wifh Buyer's ctosing costs,(SeNer Goncesston).Seller Concession ts t�additlon to
=°o any sum Selisr has agreed to pay or credit Btryer elsewhere Gt this GonttacF.Seqer Concession shatt be reducad
;yL ta the eutent it exceeds the amount atlowed by Buyers lender as seE fotth in the Gosing Statement or HUD-1,at
zs3 Ctosing_
;�5 d.5. Naw I.oan. (�miKed as inappficabfe)
'46
'-`-" 4.6. Assumption. (Omitted as Inappficabls)
24S
.49
3�0 4.7. Seile�or Prtvate Ftnancing. {Omifted as lnapplicablej
.361
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3°3 TRAPi3ACT10N PROVlS1QNS
30s
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it�6
?n� 5. FINANGI(VG CONDITiONS ANp OBUGAf[ON3.(Omitted as(napplicable)
�oe
309
�t o 5,3. Credtt Informatlon and Buyers New Senlor Loan.(Omitted as InappUcablej
:tt
312
3i3 5.4. Existing Loan Ffeview.(amitted as inappltcabte}
32�1
316 B• AP�'�i3Al PROVtS10N5.
z�? 6.1.Lender Property Requirements.!f ihe iender imposes any requirements or repatrs(Requirements)to be
;ig made to the Property(e.g.,roof repalr,repaintingj,beyond those matters aiready agreed to by Seiter In this
�;n Contract,Seller shaA have the Right to 7ennlnate under§25.1,(notwithstandtng§10 of thts Gontract),an or
?z i before three days foflowing Selter's receipt of tttie Requlremenb,based an any unsatlsfactory Requfrements,(n
�`3 SeNe�s sole subJective dfscretion.Sette�s Right to Tertninate in thls§8.1 ahatt not apply if,on ar befo�any
;�a termination by SeAer pursuant to this§8.1:(1}the parties eMer into a wriflen agreemsnt regardng the
�?s Requfrements;or(2j the Requtrements hsve been compteted;or(3}the satissfadion of the Requlrements is waived
''-6 in wri6ng by Buyer.
;;� 6.2. Appratset Condition.The applicable Appra�al provistan set forth below shalE apply to the
3z� respectiva loan type set forth in§4.5.3,or If a psh transaction,i.e.no Mancing,§6.2.1 shall apply.
J3� 6.2.1. Converttionat/Otber.Buyer shafl have the sofe aption and eiect€on ta term{nate thls
�32 Contrad if the Propert}�s valua�on ts less thart the Pur�hase Price determined by an appraiser engaged on behaff
z3a of n/a .The appraisai shail be received by Buyer or Buyers lender on ar bsfora Apprafsal
C854-1Q-1 i. CO Bl1Y AND SELL R.EAL ESTATE- Land Pag�4 of 15
Buyer(s)Inidais t 3ener(s)Initials, �v `-� �
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33�! Deadtine(§3).�uyet shatl have the Right to Terrninate uncier§25.1.on or bafora App�aisal Objectfon
33s peadii�e 3 d the Pm e s vatuatfon Is less than the Put�chase P�ice and Seqe�'s cacal t of eithec s ca of
33G �g �' p � p �
.3� such appra(sal or written notice trom fender that confirms the Praperty's valuatlon 1s less than tha Purc.hase Price.
338 8.3. Cost of A�praisal.Cost of any appra�sat to be obtained after the date of this Cantract shalt be
;ia timely patd by�uyer Seltas.
?�►
�'`Z T. EVlOENCE OF TtTLE AND AS30CtATlOf�!DOCUMEidTS.
3�13
3:i<+ T.1. Evldence ai TitTe.On or befure Record 7itte Dead[Ine(§3},SeNer shaft cause to be
3•�S iurntshed to Buyer,at SeAers expense,a cucrent oommitmerrt(or owners ttUe Insurance paticy(Titls
��E
3�; Commitmentj in an amount equal to the Pu�chase Price,or 3f thls box is chpcked,❑ An Abstract af titie
3•�A certified to a current date. If title Insurance is tumfshed,Setter shelt also de(iver to Buyer copies af any abstracts of
s'�`•' titfe covering a!t or any po�tMn of!ha Property(Abstractj In 5eilet's passesslon.At Sellers expense,Seiler�hatl
js° cause the tifle Insucance pott to be Issued and deliversd ta Bcsyer es soan as practtcabEa at or after Closing.The
�" titte insurance cammltment�hall D Shatl IVot commlt to detete or insute over the standard exceptions which
3s3 refete to:{1)paz8es in possesston,{2)unrecorded easemertts,(3j survey mafters,(4)untecorded mechanics'
35�s
?ss iiens,(5)gap perioci(effective date of commitment to date deedls recorded},and(6}unpald taxes,assessmenis
zse and unredeemed tax sales Wior to the year ai Ciastng.My add�lonai pramium expense bo olstain ihls addiftcsnat
3s7 coveraga shafl tre paid by C�Buyer�Selfer.
353
359 Nate:The tide insurance company may not agree ta deteta ar ir�sure over any or afl of the standard excep8ons.
�6Q Buyer shafi have the right io revlew the Title Gommitment,its prav'rsions and Trlte Qauments(deftned in§T.2),
3fi F a�d 3f nat saBsfactory ta Buyer,Buyer may exerclse Buyers�ights pu�suent ta§ 8.1.
3b3 7.2. Goples of Excepttona.On or befare Recorct TINe Deaditoe($3),Se11er,at SeltePs expanse,
�bs shaff fumish to Buyer and Buyer's afforney ,(i)copies af any
?5fi p�ats,�edsraaons,cQVensnts,eonditlons and restrictions burdening the Property,and(2)if a'f itle Cornmitment ts
3�� required tfl be fumfshed�and if thfs box Is checked� Capies uf any Uther Qocuments(a,if tRagibEe,
3b° summaries of such dacuments)[lsted in the schedule of excep4ons(ExeepHons}.Even if the box Is not checked,
36?
3�a Setler shall have Fhe abttgadon fo fumish these dacuments pursuent ta this section if requested by Buye�any time
��t on ar before Facceptions Ffeqaest�saditne(§3}.This requirement shati partain anly ta docume�s as shawn of
3'= record In tTie office of the clerk and recorder In the cauMy where the Property i�located.The Abstrad or Tdle
373
37n Commttment,together with any coples or summaries of such documents fumishetf pursuant ta this sectlon,
�=s c.anstituta the 8Ue documents(coftectively,Titte Documents).
3'G j,�, Homeowners'Assuctalton Decuments.The temt Assaciat4an Documents cansists of ait
;78 owners'assoctatlons(AssociaUonj dectaratfons,byla�,operating a�reements,nt►es and regulattons,party wa(I
3i� agreemenb,minutes of most recent annusl owners`meeUng and minutes of any directors'or msnagers'meetings
'S° during the six-month period{mmedEatefy prec�ing the date of thia Contract,if srry(Govemtng Doc►nnents),most
3�!
3az recent finandal documents cansisting of(1�annuat ba(ance sheet,(2)annual inoome artd expendltwes statemant,
�F�3 and(3}annual bixfget(Finandal 0ocuments),N arty{coltecBvely,Association Documents}.
'E`' 7.3.1. Camman lnterest Community Disclosure.THEPROPERTY(S IACATFD WITH[N R
3A6 COMMON tNTEREST C4MM1tN4TY AiJD ES 3UB.tECT TO TtiE C1ECtARAT10N FOR SUGH COMM�NtTY.THE
za7 pWplER OF THE PROPERTY WILL BE REQUtRED T4 BE A MEMBER OF THE OWNER'S ASSOCIATION FOR
3HF �E COMMUN('PY AND WtLL 8E SUBJECT TO 7HE BYLAWS AND RULES ANR REdULATtON5 QF THE
0
390 ASS�CIATiON.'FHE OECLARATiON,BYI.AWS,ANt1 RULES AND REGULATIONS VYILL 1MPOSE�iNANC1AL
?9� OBLtGATtOAES vPON THE OWNER OF TNE PRQPERTY,INCLUDtNG AN QBUGATION TQ PAY
'9` ASSESSMEHTS OF'i'HE ASSOCtAi70N,iF THE OWNER DOES NOT PAY THESE ASSESSMENTS�THE
3�� pSSOCIATiQN CaULQ PLACE A LtEN ON TlfE PROPERTY AND POSSiBLY SEI1 lT TO PAY TFtE DEBT.
�9s 7HE DECLARAT{ON.BYtAWS�AND RUt,ES AN�RKiUtA710NS t}F TfiE CflMMUNfTY MAY PROHigiT THE
3�6 OWNER FROM MAKiNG CHANGES TO THE PROPERTY WlTHOUT AN ARCHITECTURAL lZEV1EW BY THE
�.�i�8 ASSQCtA'f10N(QR A COMMtTTEE OF TNE ASSOCIATtONj AND THE APPROVAL OF THE ASSOCWTIt?N.
=�° PUliCtiASERS C!F PRQPERTY WtTHiN'iNE COMMpN 1NT�REST COMMUPt11Y SNOULD INVESrtGATE THE
"�4 FINANCWL OBUGATtONS OF MEMBERS OF 1'HE ASSOCtATION.�URCHASERS SFiOLILD CAREFtlLLY
.:aZ REAQ TNE OECIARATiON FOR TNE COMMUNtTY AND THE BYtAWS AND R!lLES ANd RE�ULATIONS OF
°°? THE ASSOCtATl4N.
1Q� 7.3,2, pssoclatlon Documents ta Bu er.
2os y
��!fi � 7.3.21. SeSfer ta Provide Assoctation tlpcumenta.Seller shati cause the Assoclation
'`0' Qocuments to be p�avided to Buyer.at Setlet's expense,on or befare Assaciation Docum�nts Oeadl�e(g3),
489
an� � 7.3.2.2.Setter Authorizes Assactattan.Seller authorizes the Association to provide the
-�� Assoctadan Dowments to @uyer,at 3eflers expense. .
'��1 7.3.2.3.SeSSer's Obtigatfion.Sette�s abiigation to provide the Assoaadan Documents
•�Z L
a t a shait be futfilled upon Buyer's recelpt of the Assoaaban Documents,regardless uf who provides such documents.
'��' Note:If neither box in this§7.3.2 ts checked,the pravtstans of§7.3.2.1 shati apply.
�i 15
�15 7.3.3. Condtttonat on Boyer`s Review.if the haz in elther§7.3.2.1 or§7.3.2.2 ts checked,
a i; the pmvisfon t�is§7.3.3 shatt appty.8uyer shaii have the Right to Terminate under§25.1,an or before
CBS4-S O-t 1. CO BUY AND SELL REAL ESTATE- Land Fege 5 of 1 S
Buyer(s)Initiats Setlezts)Inirisis ��
CTMeContracts.com-'D2012 C7'M SoRwa�e Co�p,
.'t a Associatlo►t poeurnents Objection Dsadline t§3},basad on any unsefisfactory provlslon in erry of the
+t 9 Assodation Documenb,in Buye�s sole subjective discreNan.Shoutd Buyer teceive!he Ass�la@on Clocuments
a3o
•�2 i after Assoctattor�Qocumertte DeadtGte(§3),Buyer,at Buyer's opBan,shafl have the RIgM b Terrninate under§
•"-� 28.1 hy Buyer's 1Votice ta Terminate receFved by Setfer on or beFore ten days after Buya�s receipt of the
a;� Assoaation Documents.if Buyer does nat receive the AssQCtatfon Dacuments,ar N Buyer's CVotice#o Terminate
azs wauld fltheswise be required to 6e received by 8elter after CiosMg Qate{§3),Buye�s Notke to Term)nate sheff be
``zh received by Selteran ar before three days prtor to GlosJng Date(�3).(f Selter does not recetve 9uyer's Natice to
a��, �'erminate within such 8me,Buyer acc�pts the pra►tslons of the Association Dacumants as seHsfactory,and
�zs Buyer waives any R1ghk to Terminate under ihis proviston,notwithstandtng the provislons of§8.5.
.x?�
'�3 t 8. REC�RD Ti7LE AND OFF-ttECORO TCCLE MATTERS.
?3?
y33 8.1. RecoK!Tttle Mafters.9uyar has the dght to review and objed ta any o�the T�Se Documents(Right
•43•' to Object,Resolufion)as set torth}n§9.3.Buyet's objed'wn may be based s�n any unsat(slactory tortn or content
,t 3� of Tttle Commitment.notwlthstanding§13,or any uther unsaflssfactary tide candiHon,In Buye�'s sssle subjactive
.i3� discrebon.if Bu}rer abjects to ar�y of the Titie flocuments,Buyer sha4 cause Selier ta receive Buyer's I+totice Co
�3R Terminate or Natice of TUe Qbjectian on or before Record Tttte Objectlon Qeadtlne(§3).If TtNe Docurner►ts are
;�;a not ceosived by Buyer,an or betare fhe Rseord T{tie Dead{ine(§3j,or if there Is an endarsement to the Title
.ia t Commitrnent that adds a new Excepticn to dtle,a copy af the new�xception to tit[e and the modified Tltte
•``1z Gammitment shaq be de@vered to Buyer.Buyer shall cat�e Sefler to receive Buyer's Notfce to"fem►inate or Notice
,`�,�� oi T�ie Objection on or before ten days aRer reoeipt by Buyer af the iotiowing docume»Is:('ij atry requlrBd Title
;a s Document not timety received by 8uyer,(2)arty change ta the TtUe Documents,ar(3y endorsement ta the TUe
�.t6 CommthneM.it Seqer receives Buyers Notice to Terminate or NoBce ot Titte Objection,pursuant to this§8.i
.l.c 7 Recood Title Mekle�s,an dde ob ection b 8 er,and thts Contract shaEt 6e ovamed b the rovtstons set forth
3ag ( } Y � Y UY 9 Y P
a 4e in§B.3(Right to�bject,Resotu�tm).K S�ier does rwt receive Buye�s Notice to Tenninate or Notice of Title
'S0 ObjecBon by th�appticable deadflne spec�ed above,Buysr accepts the conditton of btle as dlsclosed by tha Title
asZ Documents as setislectory.
�s3 8,2. �f�Recard Tdte Matters.Setler shalt deliver ro Buyer,on or before OK Record Tttte tieadtine(§
`�5`� 3),true copies of alt existing surveys in Seae{s possesstan peRaining ta the Property and shaft disdase to Buyer
:t54
,;�o aEf easements,iiens(incloding,wRhout limitatton,govemmental tmprovements approved,but not yet irtstatfed�or
.�s: athet 6tte mattets(includtng,without Iimitallon,rtghts of fitst��usat and opNansj not shown by pubNc racards,af
�`�0 which Setfer has achrat knowledge.Buyer shali have the right to inspeGt the Pmpertylo 3nvestlga{e if any thirci
'�"3 a has an ri t m the Pro e[ty not shown b ubllc�ecords such as an unrecarded easemeM,unrecarded
asn P �lf Y 9h � P Y P t
.t6► lesse,boundaty line d{screpancy or water ri9hfs)•Suye�'s NoUce to Terminate or Natice of TiBe Objectton of eny
'�U� unsatisf�ctory candifron(whether disGosed by Sefter or revealed by such iRSpect[or►,noiwithstand►ng§13),tn
•�t�a B�Yer's sute subyective disareGon,shaA be rece�vad tsy Seiler on or before f}ff Recorct Titie Objection Deadttne
a c s (§3},if Seiler receives euye�s Notice to Tertninate or NoUce of 7iGe ObjecUon pursuant to this§8.2(Off-E2ecacd
'�F6 TiUe Matters),any 6tte objecliaa by Buyer,and this Contrac�shall be govemed by the provlslans set forth in§8.3
a n� (Right to Object,Resotudon).iF Setter does t�ot teceive Buye�s Notice to Tarminate or Notice of Titfe Objectton,�n
�+e4 or before Off•Recard TKie Qbjectto�Deaditne(§3},Buyar accepts tltte subject to such rlghts,�any,oi third
.i7R pa�ies of whlct�Buyer has actuaE knowledge.
;�; 8.3. Rfght to Qbject,ResoluHon.Buye�s right to o6ject ta any tttie matters shali(nclvds,but nat be
.t�a Nmited to those rnatters set forlh in§§8.1(R+ecord Trile MaHers},$.2(f�Recorci TI@e Maiters)and 13(Transter of
�74 Titie),in Buye�'s sote subjective d�scretlon(collectively,Notfce of Title Objedionj.tf Buyer objects td any titte
�''S mattar,on or be(ore the a itcsble deedtine,Bu er sha{{have tha choice to either(1)object to t�e conditlon of
.�7e PP Y
��,- Gtie,or(2}terminate this Contract.
-��� 8.3.1. Titte Resolut[on.lE Seller receives Buya�s NoBce nf TrtSe Objaction,as provtded(n§8.1
;Bn (Record Titie Malters)o�§B.2(Of�Recotd Tdte Matters),an or before the appticable deadllne,and if BuyeC and
a»i Setfer have not agceed to a written se�iement thereof on or before Tttte ResoEutlon i�eadtine{§3),th{s Contract
`ez shaN terminate on the exptratian of TR[e Resoiutioa Deadline(§8j,uniess Setler neceives Buye�s written
��a wlthdrawai af Buyet's Notice of Titfe�6jetU4n,[.e..BuyeCS wcitten notice to waive abjection to ss,ch items and
.tss waives the right to terminate for that re�ason,a�or before explraNan of Titie ResoluUon Deadtine{§3}],
•'�b 8.3.2. Rtgfrt to Termtnate—T(tie ObjecBon.8uyer shap have the Right to Tenninate under§
��� 25.1,an ar befor+e the app�cabfe deadltns,based on any unsatlsfacbty titie matter,in 8uyets sale subjocti++e
eR8
•3�� discre6on.
a9D 8.4. Speclat Taxtr�g Distrtcts.SPEGiA�TAXfNG Dt3TRICTS NWY BE SUB.lECT 70 GErfERAL
;;a; d8U�A710N IN�EBTEDNESS TtiAT i5 PAID BY REYENUES PROOUCEQ Ft24Nt ANNUAL TAX LEViE3 ON
:s3 THE TAXABL�PROPERTY 1Ai1THiN SUCN D15TRICT3.PROPERTY OWNERS iN StlCH DIS'i'RiCTS MAY 8E
-4a PLACED AT RiSK FOR 1NCREASED MiLL LEV[ES AND TAX TO SUPPORT TH�SEtiViClNt#OF SUCH DEBT
`'qs WHERE CIRGUMSTADtCES ARISE itESUi.TTNG[N THE ti�tA81L{TY OF StJCFf A E11S'iRiCT TO DISGNARGE
.��s
•�9� SUCH(NDEBTEDNEBS WITHOUT SUCH AN 1NCREASE IN MIl.L IENiES.BUY�FIS SkOULb fNVESTtGA7E
s�a THE SPECIAL TAXING D{3TRICTS EN WHtCli TFtE PROPERTY t,S�OCA'i�0 BY GONTACTiNG THE COt3t3'IY
�}9q 7REASURER,8Y RE1fi�WiNG THE CERTIFICATE aF TAX�S DU�F8R'EHE PROPERIY,AND BY
so i 1387AiN1N URTHER INFORMATION FROM THE BOARD OF COUMY CQMMtSSIONERS,THE COUNTY
CBS4I0-11. C �[' BUY AND SELL REAL�STATE• Land Fsgc 6 of 15
Buyer(s)Initials � Sel►er{s)Initials �~'��
CTMeCoacracla.w�n-024tZ CTM Softwam Carp.
saz CLERK AND RECORDEEt,OR i'HE CQUtYTY ASSE58E3R.
503
Sa.� Buyer shalt have the Right to Tem�inate under§25.1,on ar before Qf�Recard i"ttte Object[ort Oeadli�e
snS (§3),based on any unsatlsfactory etfect that of the Property being focated w�thin a specia!taxtng dfstrict,in
$06 Buye�s saie subjective dtscreGon.
5os 8•5• Right af Ffrst Refu�al or ConVact Appravak tf there is a right of flcst refusai on tt�e PrapeEiy,or a
sBS right to approve this Contract,Seller shall promptly submit lhts Contract sccor+dfng ta the terms and conditions af
''° such right.if ihe hoider afi ihe dght of frrst retus8l exerdses such�ight or the hdder of a right to approve
s iz d��PProves thls Contract,tttis Contcad shali tetminate.�f the right of first refusal is waived exptiaUy or expires,ar
s;a ihe Contract Is approved,this Confract shall remain in futf force and eftec�.3etier shait promptly notify 8uy�in
Sta writing of the foregoing.(f exptrallon or waiver of the right of t�rst refusai w Contract approval has not axurred on ar
��� 6sfare Right af First Ret�sai DeadUne{§3),this Corttract shaN then terminate.
s i� 8.6. Titte Advtsary.The Tdte Oocume�ts afiect the title,ownershtp and use at the Property and should be
��� reviewed cerefutly.AddiBonalfy,ather rnaners not reftec[ed in the T+tte Documents may affect the tiUe,ownershlp
R and use of the Pro e fncEudin without qmitation,bounda lines at�d encrnachments,area,zanin unrecorded
s�o P �Y� 9 �Y 9,
5 z i easemer�ts and daims 4i e�sements,leases and other unrecoNed agreem�ts,and various taws and
�?3 govemmental regutafians oonceming fand use�devalopment and enviranmenfal matters.The surface estate may
��,, be owned separatety from the underlyfng mtnerat estste,and transfer of fhe surface estate does not
szs neoesearfiy include transler af the mineiraT Kghts or water righta.ThIM parties may haid interests tn otl.
'�6 gas.other minerats.geotherma[energy or vrater vn ar under tha Property,wbish interests may gtve
szs them[ights to e�te�and use the Property.5uch maEters may be exduded fram or not covered hy tFte 6Ue
s�� insuranca poft�r.Buyer is advised to t3mefy consuft tegal counseJ with respect to all such matters as there are
s3c strict time limtts provtded rn this Cantrad[e.g.,Record Titte Obj�ction Deadiine(§3}and Qff•Record Matters
s3i ObJectiao Deadttne(§3}j.
533
'3`i g, CURRENT SLFRVEY RE1t1EW.
;3� 9.1.Current Survay Ccndittoas.tf the bax in§9.1.1 or§9.1.2 is checked,Buyer,the issuer uf the Title
{3� Commitment ar the provider of the opinion of tltle if an abstract,and n/a
s�e shalf�eceive a CunenE Sunrey,F.e.,Improvament Locatlan Gectlflcate,tmprovamant Survey Ptat ar other form of
53� surve set forth In 9.1.2 coilectiva CuRent Surve on or befare Current Surve peadtine 3 The Current
s�a Y � ( �Y. Y), Y (§ )•
sa� 3urvey shafl be cert(fied by tt�e surveyor to aft those who are to�ceive ths Current Survey.
5na � s•1.1.Improvement Locatlon Certiftcate.(t the box in this§9,1.1 ts checked,C�Selter C76uyec
s�ra shatf arcfer or provtde,and pap,on or before Clasing,the cost of an tmprovement Locatlon Certi�caEe.
s�s � g.1.2.�ther Survey,lf the box tn this§9.1.2 is checked,a Current SuNey,other than an
g.�6
'�� tmprovement l.acatian Getiifcate,shalt he an�improver�ent 3usvey Piat� nfa .Th�
�-ia parties agree tha!payment of the cast of the CuRent SuNey and obftgation to afder ar provlda the Curtent Sutvey
5°° shafl be as foEtaws:Setler is respo»sibfe for all sutvey costs
'S° 9.2. Survey C3bJeation.Buyer shatt have tha�ight to review and a�jed to the Cuaent Survey.Buyer shail
;s� have the Righi to Termfnate under§25.1,on or beWre the Curreat Survey Objeetton Des8line(§3),if the
73 Current Survey is not t3mety received by Buyer o�based an any unsatisfactory matter with the Curtent Survey,
ss�:
�5s ��thstanding§9.2 ar§13.
sss
3`? DtSCLOSUR INSPECTfOlV AtJD DUE DtLiGENGE
_su
�s�
560 10. PROPERTY DiSCLOSURE,iIVSPECTtOAI,(NDFMNI7Y.INSUi2A8tUTY�D1tE DtlIGENGE AMD
;6; SQURCE CIF WA'F�R.
-03 10.1. Setter's Property DFscbsure QeadlErte.On or 6efae 3ailet's Property Dlsciosure DsadlMe(§
��5 3),Seller agrees ta deliver to Buyer the mast curtent version of the applipble Colorado Rea(Estate Cammissian's
5�b Sefter`s Property DisGosure(arm campie[ed by Sellar to Se(le�s adual knowledge,wRent as of#he date of this
se% Contrac�
'�A 10.2 tnspection Obj�ctian Deadltne.Unless otherwfse provided in this Contrad,Buyer acia�awtsdges
459
;7�y lhat Sefler is corn►eying the Pmperiy to Buyer fn an"as is'candf Bon,�vhet�is"and'�vith afl fauits".Selier shall
>%1 discfose to 8uyer,ln writing,eny tatent defects actuaqy known by Setter.Buyer,acNng in good faith,sha�have
"� the ' ht to have ins ctio�s b ane or mare th{rd arties srsonal or both a�tlie Pro
;,� �9 Pe � Y P .P SY ) peity and Indusions
;;� (Inspectionj,at 8uye�s expense,if{1)the phystcal conditlon of the Property,including,but nat![mited ta,the roaE,
s7s walls,structuraf intepri#y of the Property,itie eteotricat,ptumbing,HVAC and othsr mechaNcat systems of the
s�6 properiy,(2)the phys{cal conditfan of the indusions,(3}service to the Property{induding utitities and
s;?
;7;� cammun(caqon services),systems and eumponents ai the Property,e.g,hesting and p{umbing,(4}amr proposed
�'� or existing trertsportallon ptojed,road,sVeet or highway,or(5)any alher activiiy,ador or noise(whether oa Qr ofF
�9° the Property}and its effect or expected effect on the Ptoperfy or its occupants is unsatisfactory,in Buyers sole
5�� subjectiva dlscretion,Suyer shap,oa or before Inspectfon Objection Deadline(§3):
5$3 1q,2.1. Notice to Terminate.Noti[y Selter in wridng that thta Cant�aat is te►minated;ar
CBS4-(0-11. CQ RA T UY AND SELL REAL ES7ATE- Lend Pagc 7 of i 5
Euyer(s)initiats Seller(s)Inifials V"'
CtMeContncts.wm-02Qi 2 LTM 5aftware Corp.
i9'� 10.2.3. [nspecdon Objectton.Qaffverta Setler a written description of any unsatisfactnry physfcal
se5 condition that Buyer requires Setter to correck
se� Buyer shaU have the Right to Terminate under 453§25.1,on or bdore tnspectfon Objecttan Deadtlne(§
�ea 3},based on any unsatisfactory physicaf c�dition of the Propecly or fnctustons,in 8uyer's sa�e subjecUve
53?
SoQ discretion.
�°� 1Q.3. InsAection Resotutton deadiine.lfan Inspection 06jection!s receivad by Seller,an or befare
S°' Inspection 06Jection Deadilne(§3j,arxt if Buyer and Selter have not egreed ln writing lo a set�ement thereof on
5n3 or hefore lnspecEton Resotution Deadtlne{§3j,this Cantrad shaN term{nate on lnspection Resolutian
ses Deadttne{§3),untess Sener receives Buyer's written withdrawal of the(nspection Objection before such
sy° termfnatton,i.e.,an or baFore expiratian of Inspectfan Resolut(on Oeadline(§3}.
�9B 10.4. Daenage.Liens and tndemnity.8uyer,except as otherwise prov€ded in Ehis Contrad or olher
=°q written agreement between the parties,is tesponsible for payment ior aN ir�spectbns,tests,survays,englneering
=��' reports,or any other work perfonned at BuyBrs request(Workj and ahafl pay for any damage that occurs lo the
��� Properly and tnclusions as a resutt of such Work.Buyer shan nat pertnit clalms or liens of any kind agatnst tha
6��} Properly fot Wark pedartned on the Prapesty at Buye�s request 8uyaf agrees to indemriify,proted and hatd
�o n Selter harmtess ftom and agafnst any tiab�ity,damage,cost or expense incurred by 5eller and caused by any
5a6 such Work,da3m,or tien_Thfs Indemnity tnctudes Sefter's right to recover afl costs and expenses incurred by
5�? Se{ier to defend against any such iiabifity,damage,cost or expense,or to enforca thts sectton,inctudfng Setter's
:as reasortable sttomey fees,iegat fees and expenses.The provtsissns of this se�tion sha{4 survive the tertninaGon of
gDq �hIS�.iOFffCdCt.
�!I 'E0.5. lnsurabilit�r.Buyer shaA have the rtght fo review arxl otrject ta the availabitity,#ertns and condltions
§i Z of and premiwn for property inswance(Froperty t�urante),Buyer shali have the Right ta Terminate under§25.1,
�i1.3
y i.� on or betore Propetty Insurance ObjecEion Deadllne(§3�,6ased on any unsa8sfactory provision of the
5is Property tnsurance,In 8uyet's sale subjective discretlon.
"« 10.G. Due Diligence Documents.Seiter agrees to deltver capies of the faitowing documents and
>
;t fl tniarmat�on peRafning to the Property(Due Ditigence Dacuments)to Buyer on ar befure Due Ditfgence
�i s Documents Delivery Deadtlne(§3)b the extent such Due�itigence Dacuments e�ust ar�d ere in Seftet's
5=o possessian:
�`t 10.6.1. Af{current ieases inciudin an amendments or other ocar an a reemenfs, ertainin
�2� � 9 Y P �Y 9 P g
�za to the Properly(4easesj.
°Z' 10.6.2 ather documents and(nfortnaUon:
�zs
;�5 1b.8.2. Property tax bilts for ths tast_years;
��'% 1q.&.3. As-buitt construc#ion plans to the Propetty and the tenant improvements,incfuding
rz� architecturat,electricat,mechanlcal,and strucEurai systems;engineering reports;and permanent Certificates oi
529
�3n Occupancy,to the extent naw available; '
�31 16.6.4. A iist of aN fndusions to he conveyed ta Suyer,
°'` tQ,&,5. Operattng statements ior the past___years;
a33
;�a 10.6.6. rent roft accurate and conect to the date of this ConUact;
735 1Q.6.7. Ali curcent teases,Induding any amendments or other occupancy agreemenis,pertaining
G:�n
�3� to the Property(f.eases);
s3e 10.6.8. A sdtedute of any tenant imptove�nt work Seilar is obiigated to campEete but has n�i
r34 yet compfeted and caRital impmvement wark either scheduled or in process on the date of this Contrac�
�'0 10.6.5. A!!insurance olicies ertatn(n to the Pro e and co �es of an �laims which have
ti•�.t P P 9 P rtY P Y
E•iz been made tac the past rtta years;
'`'3 t0.fi.10. Soits reports,5utveys and engineering reports or data peRatnirig tn the Property{if aot
r'1.} delivered ea�ier under 8.2
;.os § 3
�nc 10.6.11. My and afl ex'rs�ng dacumentation and reports regarding Phase!and tl envtranmental
`'" reports,tetters,test resufEs,advlr,or(es,and simitar documents raspective to fhe axistence or nonexistence af
p,�9 asbestos,PCB iransforrners,or other toxtc hazardous a oantaminated sub5tances,and/or underground starage
�sc� tanks andJor radop gas.(f no repats are In 3elter's possession or known to SeBer,Sefter sha6 warranE that na
=51 such reparts are in SetEers possession or known to SeBer,
�,�3 10.6.12. Any Amerrcans with Dlsabitltles Act repnrts,studias or survays cancerning the
na�+ compllance ot the Property with said Act;
°s� 10.6.13. AI�permits,ticenses and oiher bullding or use aUtho�Izatians issued by any
55e ovemmenlal autho with urisdlction over the Pro e and written notice of an vfoiat�on of an such ermits,
�5-r S �Y � P riY Y Y P
;sa licenses or use authorizapans,if ar�y;and
"9 40.6.14. Other pocuments
'�° n(a
�et
cez tOJ. Due DiElgence Qocuments Conditions.8uyershalt have tha right to raview and obJect4o Due
' �O� Difl ence Documents,zaning and 8ny use restrictions imposed by any gevemmental agency with jurisdlefion over
s�•z g
�6s ��P�Aerty(Fontngj,In Buyers sote subjective discreBan,or Selle�s fallure to detiver ro euyer att pue E3iligence
Etis Documents. uyer shatt alsa have the unitateral right to walve eny condition herein.
CB54-t0-11. , C Bt1Y AND SELL RFAL FS7'ATE- Land Page$of IS
Buyer(s)InitiBls 3etler{5)lnttials_ \�
CTMeConhatts.com-02Q22 CTM SoRwarc Corp.
6�� 1 Q.7,i. Due Diligence Oocuments 06jection.Buyer shail have the Right to 7etminate under§
6�y 25.1,on ar befare Due Dfligence Ducuments Objectto»DeadHne(§3j,hased on any unsa8stactqry matter wlth
s;o the pue Diligence DocumeMs.tn Buye�s sole aubJactive discxetian.ti,however,Due Olpgance Documents are nat
°'� timety de8vered und�'§10.6,at it Seiier faiis to de4iva�aif Due Ofiigenoe Documents to Buyer,then Buyer shaq
e73 have the Right to Terminate under§25.1 on or befare the ea�lter of ten daya after Dua Olit�ence Dncuments
o7G 06jection QesdFine(§3)ar Closirsg.
�'S t0.�.2. Zoning.Buyer shail have the Rtght to Terminate under§25.1,an or before Due
5Td
�77 Rlttgence Oacumeats Qbjeation Deadline(§3),based o�any unsatfsfaclory zon'sng,�n Buyets sofe subjeckfve
�%a dlscretion. �
�'� 10.T.3. Saurae af Potabfe Water{Resfden8at Land and Realdent[at Improvemenfs OnFy}.
a8Q
E�� Buyet C.��oee� Daes Not acknowtedge recelpt of a capy a�Sette�s Froperty�Rsclosure or Source of Water
�a� Addendum disdosing the s0u�ce of putable water tor fhe Froperty.Buyer��Does� Ooes Nat adcnowiedga
�$,; receipt of a copy of tFte cutrent wett pem�ft.
Gss �There is No WeN.
�'�fi No1e to Buyer.SUME WATER PR4VlDERS RELY,TO VARYIN(3 QEGREES.ON NQNRENEINABLE GROUNQ
;n� WA'TER.YOU MAY W15H TO CONTACT YOUR PR0IFEDER(OR iTiVESTiGATE THE DESCRIB@ 5btlRCE}70
aes DET�RMtNE THE LONG-TERpN SUFFICiEMtCY OF 1HE RRBVlDER'3 WATER SUPPLtES.
y''� 10.8. Aue Diligence—Envlronmeotal,ADA.Buyer shatt have tFre right to obtain environmentaf
;9; inspectlons at the Property t�chsding Phase I and Phase{I Envitonmenlaf Site Assessments,as appticabte.
sQ3 G1Setler QBuysr shatl order or provide�Phase i Environmentat Stte Assessment Q Phase tl
5`�`� �nviro�mental Sfte Assessmenk(complFant with ASTM E152T-05 standard practkes for EnvironmentaF Sit6
545
5ao Assessmenfs)andlor�nta ,at the expense nf OSeiler CJBccyer (Envtranmental Inspectionj.In
�47 additlon,8uyer may atsa condud an eva{uatlan whethet the Property complfes with the Americans with
�°'� Otsabilrties Act(AQA Evefuationj.Aft surh inspecHons and evaluations shaft be eonducted at such�mes as are
b44
7ao mutuat{y agreeable to mtnimize the interruptlon ot Settar's and any SetEer`s tenants'6ustness us�of the Properfy,
�a� if any.
7�z if Buye�s Phase t Ern�ironmentat Site Assessment recommends a Phase II Envtronmenta{Site
r�a Assessment,the Envtronmentat fnspectlon ObjecHon Deadtlne(§3}shatf be extended by deys(Extended
�as �����msntal lnspection�bjectbn Deadli�ej and if such EMended Er�vironmental(nspedion Objectian Deadline
;�; extends beyand the Closing Date(§3),the Ciosing aate(§3)shati be extended a like period of�me.
-��u 8uyer shall have the Right to Terminate under g 25_1,on or beiore Envt�oamentat Inspectton Objeation
'Q� Deadiine(§3),or H applicable the Extended EnvFrarxnentat inspection Objection Oeadline,based on any
;I° unsatisfactory resutEs of Ernrironmentat tnspsctlon,in Buyers sofe subJective�scret+on. Buyer shaEf have
~t z the 6tight kn TetminaRs undar§25.1,on w before ADA�valustlon�hyection deadline(§3),based on any
r 13 unsarisfactory ADA Evalua8on,In 8eryers sole subjedive dtscretlon.
't`' 10.9. �xtstlng L�ases;Modi}icallon of Existing Leases;New Leases.Setler states that none of
'ts
;i a the Leasas ta be assigned ta ths Buyer at the time of Ctosing cantain any rent concessions,reat reductions or
'1' rent abatements except as diactosed in the t,ease n�other wriCtng tevaived by Buyet.Seiler shal{not amend,atler,
�i 8 modify,extend or cancei any ot the l.eases nor shaA Setier enter tnto an new feases aftecting the Property
,-Za Y
;zo without the prior written consent of Buyer,whlch cansent shalt nat be unreasonab�r wfthheld or detayed.
,�t
;?� 11. TENAKf ESTOPPEL STATEMENT5.
��a t1.1. Te�ant EsEappet Statements GandEtlons,Buyer shan F�ava the right to review and obfect to any
- �'S Estoppel Statements.Sefter shalf obtaln and detiver to Buyer on or betore Tenant Estoppet Statements
.;7 Deadtlne(§3),statemants in a Wr�st and substance reasonabfy acceptable to 8uyer,from each occvpsnt ar
;zo tenant at the Property(Esioppei Stetement}ettached to a capy of such occupant's or tenant's lease and any
'�° amendments(lease)stating:
�3� ti.1.'1. The commencement date of the tease and sc?ieduied termination date of the Lease;
;33 11.1.2. That sald Lease is in futt farce a�d etfect and that there have besn no subseq�ent
=3� mod�catiorts or amendments;
;3S 1'1.1.3. Ths amount of any advance re�tals pald,tent concessions gfven,and deposits paid to
,3c Seper:
j37 t1.t.4. The amount of monihly(or other applfcabte period}rentat paid to Selter;
.3e 11,1,5, That there is na defautt under ihe terms of said Lease by tandlord or accupanG and
;iU 17.7.6. Thak the Leass to whfch the Esbppel is attached►s a true,correct and compfete copy of
%d 1 the I.ease demistng the premises it describes.
;�;3 11.2. Tenant Estoppe!Statements ObJectlon 8uyer shaA have the Right io Termfnate under§25.1,
.a� an or before Tena�t Estappel Statements Objeetio�Deadtine(§3},based on any unsatisfactory Estoppet
%�s� Statement,ln Buyer's sole subjsctiva discre�on or If Se�er fatts b dei€ver the Estoppel Statements on or before
'`�E Tenant Esto et Stateme�ts Deadline 3 9 er shap atso have ths unilataral " ht ta waive an
;a; PR t§ )• �Y �9 Y
;:,a unsatisiadory Estoppei StatemeM.
?�s,
CBS4-iQ-1!. CQ T BUY ANA S$LL REAL ESTATE- Land Page 4 of IS
Buyer(s)initiats Selter(s}Initials ���
CTMeConaates.eom-020l2 C7'M Softwate Coep,
;S� .�++�.
hgl CLOStNta PROVlS10NS
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�;� 12 CLOS(NG DQCUMENTS,iNS7FiUGTIOIVS AND CLOSiNG.
�5� 12.1.Closing Docum�nts and C(astng Informattcn.Setier and 0uyer shati cooperate with the Ciosing
75° Company to enabfe tl�e C4osh►g Company to pt8pare arxi delnrar documents reqult�ed for Ctosing b Buyer and
�;� 5eifer and their deslgnees.Jf Buyer!s obtalr�ng a new toar�to purchase the Pruperty.Buyer acknowledges
:ss Buyars lender shall be requ3red to provlde the qastng Company in a timely manner ail required ban dOcuments
'6° and tinanclai inlormatfon concemtng 8uyer's new faan.Buyer and Sel(er wtti{umish any addittanai In[armaBon and
�;? documents required by Closh�g Company that w+El ba necessary to complete ti�s transaction.Buyer and Seiter
'6= shalE sign and camptete att customary or reasonably requtred documents at ot before Ctosing.
�;�5 12.2.GiosFng instructlons.Buyer and Sefler a ree to execute fhe Coiorado fteat Estate Commissinn's
��s Ciosing 1nsWctians.Such Cta�ng instructions I�Ar+B �Not executed with thta Contract.Upan mutuaf
'�' executio�,�.5etter ClBuyer shat!de4tver such Ciosing tnsfiuctius�s ta the Clasing Campany.
�°�' 12.3.Ctosfng.Defivery of deed from Setfer to Bu r shaft be at cbstng(Ctosin } Closin shalt be an the
?5g Ye S- S
%�� date specifred as the Clastng Date(§3)or by mutual agreement at an earller date.The hour and ptace of Glasing
,'_; shafl be as designated by Land Title Guararntee Campany
;73 42.4.Disclasure of SetUament Costs.Buyer and 3eqer acknaw{edga H�at costs,quali4y,and exfent af
z r�+ senrtce vary between d�fterant seKiement servtce prov(ders(e.g.,attomeys,tender.�,inspectors and tiUe
�'75 companies).
�76
?'�
"`0 13. 7RANSFER OF TtriE Subf ect ta tender or paymen�at Ctosing as requ+red het�e(n and camp4tance by
'�' Buyer with the ather terms and�rovtsfons hereof,Sefle�shalt euecute and defiver a goaf and acrHtctent
.�a i so,Leclal warranty deeci to Buyer.at Cfos{ng,cornsying the Praperly free and Gear oi att taxes except
�°� the gener'a[taxes far the year nf Cfosfng.Except as provided herein,titla shafl be conveyed frae and cfear oi afl
'�3 ilens,Indudin an ovemmenial liens fars eciat Em rovements i�stalled es af the date of B er's si nature
;ea 9 Y B P P u!► S
;s s hereon,whether assessed or ao�Trtle shap be canveysd subject to:
'-5 13.1. Thase specltic Excepdons descxibed by reference to recorded documents as refEected in the
TH9 t�tle Qacuments accspted by Buyer in accordance with Recosd Titte Matbars(§8.1},
°as r3.2. Dtstribution utillty easements(inGudtng cabfe N}�
'Se t3.3. Those specificaily described tights of third parties not shown by the publ�records of wltiieh
in2 Suyer has actuat knawtedge and which were accepted by Buyer in accordance wfth QH•Record Titte Mattera
�93 ($ 8.2)asuf Cuvrent survey Review(g s},
�,9� 43.4. (nclusion of the Property within any special ta�ng dfstrict,and
+n
:-�b 13.5. C)ther nla
��� .
;as 14. PAYMENI'OF ENCUMBRANCE3.My encumbrance requlred to 6e pafd shatl be paid at o�be[ore
a°0 Ctosing irom the proceeds of thfs transae�on or from any Qther source.
soi
n��
no3 �5. CLOStNt�Ct?STS,C4t}SING FEE�ASS4C(ATtON FEES A1�t0 TAXES.
z0`' 15.�5. CEasirn,}Costs. Buyer and Selier sha�i pay,in Goad Funds,thair respective Closing cosis and
ne.,
�oE a!i oUrer Items required to be paid et Clas[ng,except as othervvise prQVtded herein.
��7 15.2. Ctoslng,Services Fee. The fee for real estate dosing services shall be paid at Ctosing by
`f0� ❑Bu e� ❑SeNer 89 One-Haff b Buyer and One�Hatf b Seiler
909 Y Y Y
�F� ❑Other nta
`I I 15,3. Status Letter aad Translar Fees. Atry lees lacident to ths issuance d Associa0on's
ai?
:;�� statement of assessments(Status Letter)shatt be pak!by�Buyer�eller QC?ne-Hatf by Buys�and O.ne-
H t'� Hatf 6y 5eiter l�Nane.Rny transfer fees assessed by the Assoclatton tnduding but not Ifmited to srsy recard
�i fi change fee,r ardiess of name or title of such fee{AssodaNan's Transter Fes}shall be pa3d by
ni: C�Buyer �Seqsr C�One-Hatf by 8uyer and One-Hall by Setler.�None.
��t� 45,4. Laeat Transfer Tex. Q The Locat Transfer Tax ai �of the Purchase Price
at�
szo shefl be paid at Closing by�guyer ❑Setter ❑One•Hatf by Buyer end One•Hatf by Setier.CINo�e.
3=-i 75,5. Private Transfer Fee. Private transfer fees and other fees due to a transfer of the Property,
�z::
�,3 payabte at Gtosing,such as aammunity assoclation fees,devetopet fees and faurniation fees,shall be pald at
sza Ciosing by_CJBuyer C1Setier CIOne-Half by Buyer and One�Haif by 5etter�tone.
F'� 15.6. Sates and Use Tax. Any sales and uss tax that may accrue because of thfs transaction
825
�,� shap be paid when due by�Buyer {�Seqer ❑One-Half by 8uyer and One�Natf by Setler�None.
t122
g3� 16. PRQRATtONS.The failaxing shall be p�ratsd ta G(osd�g Date(§3j,except as atherwise provided:
s?t 16.1. Taxes.Personal praperty taxes,if any,spectal taxing disMct assessments,if any,and general
CBS4-10-t l. C GT TO AND SELL REAI.ESTATE- Land Pegc 10 of I S
Huyer{s)Initials � t Se1ler(sj Initials �J�
CTMeContracts.cam-02Q12 GTM 5ottwu+e Cosp.
B3� real estate taxes far lhe year of Ciostng,based on D Taxes tar the Cateadar Year immedfatety Precedtng
�3n Ctostng
33S �Most Recent Mltt Levy arid Mast Reaent Assessed Valuatlars,or�Other
U3G R/8
sia i6.2. Rents.Rants based on Rents ActuatEy Received �Accrued.At Ctosing,Seilar shaEf
°3° transfer or credit to Buye�the security deposits for ali Leases assigned,or arry temainder after lawFui deductians,
��° and no4ty af(tenants in writing of suclt transter and of the hansferee's name and address.SeUershatl assign ta
a•r� Buyer ail Leases 1�effect at Ctasing and Buyer shalt�sume Seile�s o6tfgatlans under su�h Leases.
S`�� 16.3. Asscctation Assesaments.CuReat tegufar AssodaEian assessmenLs and dues(Assactallon
(3�S 4
aa= �sessments)paid fn advance shati�e credltecrto Selter at Closing.Cash reserves held aut of the tegular
saa Associatlon Assessm�ts for deferred maintenance by ihe Assadation shaii not be credited to Setter except as
E'�� may be ofherwise provided by the Grn►emfng Documents.�uyer adatowledges that Buyer may be obttgated to pay
�;� the AssociatIon,at Closing,an amount for resenres ar urortc(ng caprtaL My s edal assessmsnt assassed prior to
asc� Ctosing Oate(§3)by the Association shail be the obttganon of ClBuyer �etier.Except however,any
95 j special assessment by the Associatian for improvements that have been InstatEed as of the date of Buyets
ssa
��3 signature hereon,whether assessed prfor to or after Gt�ing,shalt be the obtigaUon of SeAsr.3elter represents
4t$4 that the Associadon Assessrnents are curtentiy payable at S Tbd per Tbd and that thete are no
g`-5 unpald regular or spedal assessments against the ProperEy exoept the current regutar sssessments and nta.
956
n�� Such assessments are subJad ta change as provtded in the Gaveming Qocuments.Seflar agrees to promptly
s5e request the AssociaBan to deliver to Buyer before CEastng date(§3)a current Status tetter.
3�° tB,d. Other Proratlons.Water and sewer charges,int�est an canttnufnq toan,and nta.
aea
a�1 16.8. Finat Setttement.Unless afhervvlse agreed in writing,these prorsNons shaN be final.
962
363 17. POSSESSION.Fossesslan of the Property shatt be delivered to Buyer on Posaesston Date(§3}at
�36�f
ans Possesston Time(§3),subject ta the foilowing leases or tenancies
aee nta
�6' If Seller,aRer Gtosin ,falis to detiver ssesslan as s ecified.Seiter shail be sub ect to evictian and shall be
�6fl 9 Po P �
gb9 addi�onal{y liable to Buyer for payment of$500 per day(or any part oi a dey notwithstanding§18.1.)from
a�o possesston Date(§3)and Possesslon Time($t3j untit possession is deltvered.
a�i
a�z
A'3 �NERAI.PROVtSiON3
�s�a
a�s
�?6 'f8. OAY;COMPUTATiON OF PERIOQ OF DAYS,DEADUNE.
q�D 18.1.Day.As used In this ContraCt,the term'da�shalt mean the en4re day ending at 11:59 p.m.,United
a�� 5tates Mountatn Time(Standard or Daytlght Savings as applicable).
neo �g,2.Gomputatian of Pertod of Qays.Deadttne.ln computing a period o1 days,when the ending date
s�t ts not s eafiied,the first da ts exctuded and the last da is included,e. three da s after MEC.K an deadGne
oez p y y s° Y Y
9e? fa8s an a Saturday,Sunday or federal or Colorado state holiday(Holfdayj,such deadMe�8haft ❑Shalt Not
°9� bs e�ctended to the next day that is nat a Satwday,Sunday or Hopday.Shouid neither bax be checked,the
1�6 deadline shaii not be e�ended.
e
�s;
�9� 19. CAUSES OF LOSS.INSURANCE;CONDCf10N OF,DANlACaE TO PROPERIY ANa tNCLUSiDAiS ANU
�yo WALK•THROUGH.Except as othenroise pravlded in this Gantrad,the Property,InGuslons o�both shsll be
n4� delivered in the condiNon e�dsting as of the date of this ContraGt,ordinary wear and tear excepted.
�9� 't9.1. Causes of lass,Insurance.In the ever�the Prope�iy or inctusions ara demeged by fire,other
�93
on,, perils or causes of loss prlor ta Ctosing in an amaunt of not more than ten percent of the tatai Purchase Pdce
ss��s (Properiy Damage),Seiter shaE!be obNgated to repalt the same befare Ctasing Date(§3}.tn ihe event suckt
�^° damage ls not repaired within said flme ot if the damage exceeds such sum,thfs Contract may be tem�Inated at
,
A9A the aption of Buyer.Buyer shail have the R1gM to Terminate under§25.7 0�or before Closing Date(§3),based
s9� on any Property Oamage nat repalred before Ctostng paEe{§3}.Shnuld Buyer elect to carty out this Contract
��0 despite such Property Damage,Buyer shatl be entftled to a credit at Ctosing tor all Insurance proceeds that were
r 42 recetved by Setter(but not the Assoaallon,if any)resufting from suct�damage to the Propeity and tndusfons,plus
�03 fhe amount of any deducUble pravided far in such insuranee policy.Such credit shatl nM exceed the Purohase
�04 Price.tn the event Setler has not received such insurance proceeds prior to Gtasing,the partles may agree to
�8E extend the Ciosing Date{§3�or,at fhe option of Buyer,Seiler sf�ali asslgn such proceeds at Ctosing,pius credit
eo� Buyer the amount of any deducttbla pmvided for in such tnsurance pailcy,but not to exceed the total Purchase
eaa Price.
s i a 79.2. Damage,Irtciusions and Services.Shouid any Inclusian or servtce(includng utiliNes and
��i cammunicakon serv]ces),systems and camponents of the Praperty,e.g.,heating or plumbEng,fait or be damaged
'�'- between the date ot this Contract ar�d Clasfng or possesstan,whlchever shatl be ear!ler,then Selier sheN be liable
31� tor the repalr or replacement af such lndas(on,servlae,sys4em,cumponent o�ffxxtu�s aF the Praperty with a unit of
��s similar size, e and quafity,or an equivalent credit,but oniy to the exient fhat the maintsnance ar repiacement of
CBS4-id-1 t. GT 0 B AND SELL REAL ESTA7E- Land Page i l of 15
Buyer(s)Initials ' Se11er(s}lnitia�s �.�'"
CTMeCanhacts.cam-02012 CfM SoRware Corp.
�16 such Mcluston,service,system,wmpanent ar fixture is not the r�ponsib'siity of the Associalion,if any,less any
�17
�i a insurance proceeds received by Buyer covering such repalr or reptacement.Seaer and Buyer are awar�of the
�i� existence af pre-oumed home warranty programs that may be purchasec!and may cover the repalr or repfacement
�2° ot such tnciuslons.
�zz 19,3. Condamnation.!n the event Setier receives actuaf nodce priar to Ctosing that a pending
973 condemnatEon action may result in a taking of att or paR ot the Property or Inclusions,Selier shaif promptiy nod{y
°;`; 8u er,in wriEi
y ng,oi such condemnation acHon.Buyer shail have the Right la Terminate under§25.i,on or before
n?5 Ciosing Date(§3),based on condecnnation action in 8uyer's sote subjecbve discretian.Should 8uyer elect to
-^-'� consummate thls Contract despite such diminutlon af value to the Property and inctuslons,Buyer shafl be entlfted
g�� to a uedit at Cfosing for ad condemnatlon praceeds awarded to SeBer for t�e diminution in the value of the
n�a
q3� Properiy or fnclusions but such aedlt shatl rtat include�elocatian benefits,or expenses,or exceed the Purchase
931 PtiCe.
q3'- 19.4. Walk-7hr�ugh and VeriBeatlon of Condltlon.Buyer,upon reasonabte nottce,sha!!hsve Ihe
n3a �ight to walk Ihtough lhe Property pfior ta Closing to verify that the physical condftlon af Ehe Property and
��s lncluslons compl€es wi[h thls Cantracf.
;J7 19.5. Risk af Loss—Grawtng Crops.The risk of loss for damage to growing cmps by fire or other
�3� casualty sha8 be bome by fhe party enGiled to the growing crops as prt�vided in§2.5.5 and such patiy shalf be
`739 entitled to such(nsurance proceeds or benefits for the growing craps.
?4Q
�;; 2Q. RECOMMEPiRAT(QN QF LEGAL AI�tD 7AX GOUNSEL.8y signing thls dawment,8uyer and Seller
3a 3 acknowiedge thaf fhe respective b�aker has advised that this dacument has Important legat consequences and
ia s �as recommended the examination of Gt1e and consultation with(egal and tax or other counsel befare slgnIng this
g4� CORtPSC�.
�a:
��a 21. TtME OF ESSENCE,DEFAULT IWD REMEOiE5.lime is of the essence hereaf.lf any nate or check
s
��Sr� received as Eamest Money hereunder or an}r other payment due 6ereunder is not pald,honored or tendered when
gs t due,ar ii any abltgaGan hereu�der is not petformed or wahred as herein provlded,there shall be fhe#ollowing
`�S' remedles:
953
�g:� 29.1. !f 8uyer ts in Defautt:
°5� � 21.1.1. Speclfic Perfarmance.Seller may elect to treat this Contract as canceted,in whlch
�`6 case all Eamest Mon whelher or not aid 8 er shall 6e a�d to Sefler and retained by Setier,and Sefler
�5- �t P �Y uY ) R �
�,;a may recaver such damages as may be proper,ot Seiler may elect to treat thls Contract as:being 1n fuU force and
�CQ eHect and Sellet shalf have!he right to specifc pertor�nance or damages,pr both.
��� 21.1.2. Ltqutdated Damages,App(icabte.ThFs§Z1.t.2 shalt appiy uniess!he hox tn�
3ez 21.1.t.!s checked.Aii Eamest Money{whether or not paid by Buyerj shaD be paid to Seller,and retained by
963 Setler.Both parlies shail thereafter be teleased from ap ob{igaBans hereunder.it is agreed that the Eamest Monsy
"�" s ecified in 4.i is LIQUIDATED DAMAGES,and not a ena
�ES P § p Ity,whlch amount the parties apree is Fair and
sr:E reasonabie and(except as ptbvided in§§10.4,22,23 and 24),said payment of Earnest Money shail ba
"r% SELIER"5 SOLE ANQ Q{VLY REMEDY for Buye�s failure to perform the obligations of this Contract.Seller
;'' expressly walves the remedies�specific pedotmance and addi4onal damages.
09
p�q 21.2. !f Setier is(n Oefaalt Buyer may elect to treat thls ConKact as canceled,in which case all
��t Eamest Money receEved heteunder shaN be retumed and Buyer may recover surh damages as may be proper,or
n;3 Buye�may elect to treat thls Cantract as being In full inrce and efiect and Buyer shall have the right to spec'fiic
a;,i performance ar damages,or both.
9?S
�76 22. �EGAL FEES,COST AND�XPENSES.M in ta fhe con
��, yth g trary heretn notwilhstanding,�n the event af
��s any ar6ilraUon or fitigation relahing to this Contract,prior to or after Glosing Date(§3),ihe arbitrator ar caourt shafl
�74 award to the prevailing party all reasonable costs and expenses,incfuding at#omey fees,legat fees and expenses.
98Q
4RZ 23. MED1A7lON. If a dispute arises relating to thls Gontract,prior to or afler Closing,and ls not resolved,the
90� parties shai!first proceed in good faith to submit ttre matte�to mediallon.Mediatlon is a process in which the
�85 par#ies meet wEth an impar6ai person who helps to resolve the dispute infarmally and confidenUaily.Mediators
cflb cannot irr�pose binding decis;ons.The parties to the dispute must agree,in writ}ng,before any settiement is
`-'27 binding.The parties v►�11 iointty appoint an acceptabte mediator and wlil share equatly in the cost of such •
9IIB medlatian.The mediation,unfess otherwise agreed,shaif tert»inate in the event the entire dispute is not resoived
o�o within thirty days of Ute date written notice requestlng mediation is deliveted by one party to the ather at the
��t parly's last kr�own address.This section shall not anar any date In this Contract,unfess atherwise agreed.
yn�
cg�
�3n 24. EARNEST 1►ItONEY DtSPUTE.Except as otherwise provlded hereln,Eamest Money Notder shatl releass
495 �e Eamest Money as directed by written mutual lnshuctions,signed by 6oth Buyer and Selier,ln the even#of any
��� controversy regarding the Eamest Money(notwithstanding any termination of fhis Contract),Eamest Money
y�� Holder shatl naf be requirad fo teke any actlan.Eamest Money H�der,at its optian a�d sole subjedive dlsctetion,
��� maV(11 await anv p[nceedinv,(2)intetplead all pariies and deposit Eamest Money intn a court of com�etent
CBS4-I O-t 1. CO FRA T HUY AND SELL REAL ESTA'i'E- Land Page l2 of I5
' Buyer(s)[nitiats _ , Setler(s)tnitiats_ �'�'`
L'?'MeCandacu.com-92012 CTM 5oftware Corp.
i000 �����on and shaA recover court casts and reasanabie attomey and Iegat fees,or(3}provide notice to Buyer and
�oos
x ooz Setfer that untess Eamest Mottiey Nolder receives e r.opy of Ihe Summons and Comptaint ar Cta1m{between 6uyer
?oe� and Setler)contatnirtg the casa number of the lawsuit(tawsurt)wjthln one hundred twenty days ot Eamest Maney
tQ°^ Hoide�s no8ce to the par8es,Eamsst Money Holder shafl6e authorfzed to retnm ths Eamesl Money to Buyer.ln
�oos
t�D6 the event Eamest Money Hotder does receive a capy of the Lawsuft,and has not interpled the monles at ihe�me
1 d�� of any Order,Eamest Maney Holder shatt disburse the Eamest Money pursuant ta the Order of the Court.Tfie
��6� parties reaffirm the obl' adon cf MeStaticn 23 The rovisions of thfs 2A a on d the Eamest Mone
toa? � (§ }• P § PP�Y �Y� Y
i o ln Noider is one af the Brokerage�irms named in§33 ar§34.
1011
��'�'` 28. TERMtNATt{)N.
�r,i�
�o ia 25.4.Rlght to Terminate, tf a party has a right to term£nate,as provided tn this Contract(Right to
Ae t� Terminate},the terminabon shaif be efiec�ve upon the other partys�eceipt of a wrltten notice to terminate(lVotice
�°f� to Tertntnate},provided such writtsn noti�e was recsived an ar befare the appticabte deadline s dfied in this
iai� PB
s,r.�� Contract Ef the Notice to Termfnate is not recelved on ot befote the speafied deadiine,the party with the RfgM to
�o�° Termtnate shalt have accepted the speci6ed mattar,document or cnndi�on as satisfactary and waived the Right to
ioZO Terminata under sucFt prcavision.
ID21
3�?z 25.2.Efiect oi Tertrtioation.In the event ttifs Contract is terminated,ait Eamest Mo�ey received
�o'== hereunder shaii 6e rehun�and tha part3es shaii be r�ieved of aff ob�gatians hereunQer,subJed to§§i0.4,22,23
t�Z-s and 24.
i�D25
102fi
f a2� 26. ENTlRE AGREEMEt�tT.MODtFlCATiON.SURVNAi»'R�is Contract,tts exhibits and spedBed addsnda,
i a`A cnnstitute the entlre agreement between the partles retating to the subject hereof,and any p�for agreements
i02?
�a3o pertaining thereto,whether arai or wriiten,have been mergetf arxi integrated fnto this Contrect hto subsequent
i a3 L rrrodfication of any af 1he terms af this Contract shal}be vaild,binding upon the parBss,ar enforceabte untess
lo�` made in writing and signed by the parties.Any obHgalian In this Cantract that,by its temts,is intended to be
�a3a
�asa performed�ftet lertnination or Clasing shafi survive tFie same.
fQ35
1a3� 27. NOTIGE,DE�lVERY.AND CHOtCE OF LAW.
tn3�
t o3s �T.1.Physica!Qeltvery.AA no�ces must be En writing,except as presvided 3n§27.2.My docvment,
t a3° including a s►gned document or notice,from or an behaff a[SeAer,arsd de�vered to 8uyer shaN be effective when
ia•:o ��catiy received by Buyer.arty signatory on behalf of Buysr,any named 1�viduai of Buyer,any representative
ioal
!�.,L of Buyer,or Brokerage Firm af Broker worldng with Buye�(except tor de�ivery,aftar Glos3ng,of the na�ce
�ou; requesting medlatlon describad in§23)snd eucept as provided in§27.2 beiow.Any document,�cluding a signed
�°d} document ornotice,from or on behatf of Buyer,and delivered to Saiter shaq be effective when phystca4y recelved
ioas
to�F by Seiler,a�slgnatory on behaif oi Setter.any named individusi of Setter,any represenlative of Se�e,ar
�a�J Brokerage Frm of Braker woridng with Seiler(except for deCnrery,after Ciosing,of the nodce requesUng medlation
ia�e desaibed in§23j and except as provlded in§27.2.
�o�n
�ASO 27.Z.Etectrontc Dettvery_As an aftemative to phystcal delivery,arsy document,Inaludtng any signed
+�3s document or written natice may be deNvered 1n elec�rnnic form oniy by the follawing indicated methods:
ias3 �Facalmile �E mait ❑Internet ❑No Electranic�eilvery.tf the box'No FJectranfc Oelivery`!s
tasa checked,this§27.2 shati rwt be apppeable and§27.1 shall govem na6ce and de�ivery.Documents with ariginai
trzss signatures sbaii be prav}ded upon tequest of any perfy.
i o�i 77-3.Cholce of law.'fhis Contract and aq disputes arising hereunder shatl be govemed by and construed
ioss in accordance w+th the taws of the State of Colarado that would be appticabte to Colotado residents who sign a
�oSQ conlract tn Caiorado for property tocated in Caloredo.
I6oQ
l067
�o�z 28. NOTICE QF ACCEPTANtCE,COUNTERPARTS.This proposal shati expire uniess accepted in writ€ng,by
10G3 g�yer and Setier,as gvidenced by their signatures beiow,and the offering party receives noGca of such
F�6a acce nce ursuant to 27 on ar @etore Acce tance DeadUne Date 3 and Acce tance Qeadline Time
to65 � P § p �§ ) P (§
inse 3).tf accepted,this document shaN became a r,ontract between Sslter and Buyer.A copy of this document may
•�'�� be executed by each paRy,separateiy,and when sach patty has executed a capy thereof,such capies taken
'a�� together shaif ba deemed to be a{u►I and complete contract between the parttes.
ieb_ .
IQ70
�a;i 29. G�OD FAtTH.�Buyer and Setter ackAawledge that each party has an obilgation to act In good faith,induding
:0�3 but nai itmited to exerdsing ihe rights arxi obtigations set forth fn fhe provislons of Ftnanotng Condttlons and
:a�a 061tgations(§5},Record Tltle and ON Reaar�i 7tfle MaEters(§8),Current Survey Review(§9)and
:o�s p�pe�y Oisctosure,tnspection,tndemntty,lnsurabitiEy.Oue Dittgence,8uyer Dlsctosnre and Sau�ce of
`'Q�� Wster SO
:a;� (§ )•
:o?r�
'-°74 ADRITIOMA�PROVt3[ONS ANQ ATTACH{NENTS
5080
�OHS
GHS4-10-i t. CO T 11Y At�lD SELL REAL ESTATE- Laad Pa$e I3 of IS
Huyer{s}Fnitiats • Seller{s)Initials,�/`� —
C7ivteConcacts.com-02012 CTM Software Corp.
►nea 30. ADDifiOHlAL PRQVISIONS.("fhe foitow(ng edclN[onat pmvistons 8eve adtbsen appmved 6y the Co2arado
1083 Real Estate Cnmmiqsicn.
�oaa )
ioe s A.8uyer and setleracknowtadge an exlsting tax debt an the sukjecf property.Buye�sha11 he
14�� responslb/e for entlre[ax de6�!n Ure.amount aiapproxrimatety$18D,OOO.OD.
iaa7
►oe�
�oe9 B.Paregraph T.3sha!lrsad:f,tameowners`Assaclatton 1?oceurlert�s andRoadAssacletFan
�694 Documents.The[erm AssocJaUon Aocurnents conslsts af a1f owner's aad msd assoclat&�ns'
� iagi {Assoctattans)deciaratlons,bylaws.opere�Tqg agreements,+'ures and regvlatlons,party Kraf1
to9� agreetnants�rerin�utes afmosf reaent anrrrralow�ers'mseUag e,rd minutes ofany dfreeturs'or
toga managers•meet/ngs during the slx-monEh psrlod tmmedlatety pracedtng�he date ot fhts Cantracl,
14�g if sn Gavemtn Doeumanls ttiost t�ceref financlat dacuma»ts cons/stTn af ? annua!bafanca
i�a�u Y( 9 j, 9 l�
iov� shee[�(?�annuallrrcoma and expettdilur+ea stetemen�and(3j anrival budget(Fltte�del
1°s� DocumenEsj,Ifany fcotlecUvely,Assaciaflan!?ocuments).
G Faragrapb 8.Z skall�ead:8.2. t?ff•Recorsa►Tltfe Malters.Setlershai!deltver to 8uyer,on or
before ON-Recard 77Ue Deadlfna{§3j,troa copfes af atf exlstingr surveys tn Sel/er's po5sessfon
periatning to ttfe Property and shefl dlsclose to 8uyerall easerrients,tlens{lneludirtg,wlfhaut
Itmltatlon,govemmentai 7mprovemeMs approved.bul nat yot hestetledj orother tltie maKers
(Jrra/uding,wltfiout!Jmltattqn,rights nf ftrst rafr�saland apllans,physlFat oceupallon or use or any
clalms orpo�eritfat clelms ot aFlversepossaas►er�)nat shown by pWb/ic r�ra�[s,afwhieN Sglier has
actera!knorrledge.Bayer ahall l�eve llre rlg/rt`to ins�tect the Froperiy to Investlgate/f any�htrd
party fsas any dght!n the PrapeKy rtof shown by publla reaoMs(suct►as-an unreeorded
easemenf,unreaorded tease,bo�ndary flne dlscrepartny or water rfghtsj.'Buye�'s IVotlte ta
Termtnate or Notke of 77de ob,jectlon af any r�naatlsfactary oondfdan(wlrether dlsNcsed by 3elfer
or reveaJed by such lnspectlon,an[�►tthstand/ng§73j,irt 8uysr's sate subjective d/acretton�sh$!l
he recetved 6y Setler an ot beferP Of/-ftecoM T!t!e Objecfton beadllne(§3}.!f Se/ler r+ece/vgs
Buyer's NoUce fo Temrtnate or NaUce of T/tle D4JeCflon pur�tusrtt!o[his§8.,2(talf-Reco�al TJfle
Mattersj,any UUe abJectlan by Buyer,and th/a Contract sAail be gvvertted bq the prov/slons set
tarth!n§8.3(Rlght to Ob)ect,RasoluC/onj.t!Setler does not reeaive 9uyer's KoHee to Termtnate
ar Notice of TfUe ObjecClen,an or betece O�RecaM Tltle QbJecdon Deadtlrte{§3j,6ayer aocepts
Utle sebJect ta such�Ights,ff any,af thhd partles oiwhtch Buyer has actua!know/edg�
3!. A7TACHMEt+I�'8.7tte foitawing are a part of thls Cor�sacL•
Addendum A'to Cantract to Buy and S�tl ReaJ Estate
Adrlendttm 1 to Contract to 9ay and Setl ReaJ Estefe
ncte:The fo�awing re forms are etfacAad bet era not a part oi thTs Contract:nta
StGNA,�7tlRES �
� Qetec
e er.P'Nkln ty Baa issloaers
By;AuUrarfzed Agent
Addrese; •`
Phwse: Fa�c: i
n Ad . �
f7�ci�"�iC.����.+(�C�C�- � tZ�C.G+�'��'������ f
jHOTE:Ff fhts oR r 1s �cauntered ar rejeoted�do not aign triFs docamenl.Refar tc§3� f'4��
t Oate: ��' t� '"�—� �Z- �
8e!er.5nosvrnsss Holdtngs ttC ,
$)/:CUl1I3 CItJ31JOJln
A�dC95S:
Phone: Fax:
Electson)c Address
32. Co11NT�R:EiEJECTlON.Thts offer ts C3 countered 0 Rejeeled.
tntBete onty of party j6uyar or Setler)vrlta acantered or reJectOd ofisr
Snarvtr�ass Notdfigs LtC
8y:Curtfs Ch/sholm
END CF C,GNT�tACT TO 8UY ANO SELC REAI.ESTIITE
CB54-i D.i 1. Cb C7 T0 UY AND SR.L REAL�STA'fE- t� Paga I4 cf t5 `
Suyet(S}tnitisls SeRtc(s)ini6sb `1'
C7MaCanouttean-�011 C'iM 5o!lwere enrp.
�
33. BRdKER'S ACKNOWLEDGMENTS AND CaMPENSATlO[d DtSCLQSt1RE.
(To ba compteted by Broker woricing with Buyer)
Broker ❑ Does � Does Not acknowledge recetpt of Eamest Money deposit and,white not a paRy to the
Contract,egrees to caoperate upan request with any media8on concluded uncfer§23.8roker agrees dtat if
Brokeraqe Fitm is the Eamest Money Ftolder and,excspt as provided In§24,if dte Eamest Maney has not,
alreaciy baen relumed failowtng receipt of a iVoffce tn Terminate ar other written notice of Certnination,Eamest
Money lioldet shai!reiease the Eamest Money as dfrected by the wriKen mutuat instrucUons.Such release of
Eamest Monay shalt be made wiihin frve days af Eamest Maney Hokfe�'s recefpt af tha executed written mutuai
instructions,provided the Eamest Money check has eleared.Broker agrees thet if Eamest Money HoEder is other
than the Brokerage Frm identified in§33�§34,Clostng InsWGlons signed by Buyer,Sefter,and Eamest
Money Holder must be oblained on or before detiuery ot�amest Money ta Eamesk Money Ftokter.
8roker Is working with Buyer as a C� Buyer`s Agent � Setier's Agent � Transaction-Broker In thls
transactian.�This is a Change of Status.
Brokerage Flrm's compensaHon or commisston 1s tube paid by� Ltsting Brokerage Firm
❑8uyer�Other nfa
8rokerage Firm's Name: Aspen Snowmass Sotheby's InternationaJ Reaity
Qate:
erokers Name:Mark Haldeman
Address:415 East Hyntart Avenue Aspen,GO&16tf
Rh: 9T0-429-3768 Fax: 97a-920-9993 Ema1:mhaide106T@aaLcam
34. BROKER'S ACKNOWLEOGMENTS AND COtMIPENSATtON DiSCLOSURE.
(To be completed by Broker working with Selter}
Broker ❑Dces �does Not ackno�vledge receipl of Eamest Money depasit spaafied in§4.4 and,while not a
party to the Contrad,agrees to caoperate upon request with any medladon�nduded under§23.Braker agrees
that if Rrokerage Finn is the Eamest Money Halder and,except as provided In§24,if the Eamest Maney has not
already been retumed fdiowing rece3pt af a IVotice!o Termtnate a�other written notice of termination,Eamest
Money Hatder shall retease the Eamest Money as direeted by the mitten muivat instructlons.Such reiease af
EamesE Maney shail be made withtn five days of E�nest Maney Hoiders recelpt of the executed written muh�el
instrudions,provid�fhe Eamest Maney check has cteared.Broker ag�es that if Eamest Money Hdder€s other
lhan the Brokerage Flrm iden6fied tn§32 ar§33,Closing instructlons signed by Buyer,Seller,and Eamest
Money Nolder must be obtained an or before d�ivery�sf Eamest Money to Eamest Money Ftolder.
Hroker is working witFt the Setler as a Q 3ettePs Agent C1 BeryeCs Agent �Transaat[on-Broker in thls
transaction.�This is a Ghange of Status.
8rokeraga Firm's compensat(on or commission 1s to he pald by�Selter C7 Buyer�dffier nta
Brakerage Firm's Name: Aspen Snawmass Satheby's Internatlona!Reaity
Qate�
Brokers Name:Mark Hatdeman
Address:4t5 East Hymarr Avenue Aspen, CO 816ft
Ph: 470•429-3768 Fax:470-920-9943 Ematf: mha1de2067@aoi.com
C8S4-id-11.CONTitACT TO HUY AND SEtI REAL ESTATE(LANDj
CTth eGoncrac[s• �20t 1 C7M Saftware Corp.
CBSA-10-t 1. CO TRAC TO UY ANA SELL REAL ESTA'IE- Cand Page 15 af 15
Buyer{s)Initials � Seller(s}Initials �'"
C7'MeCantrads.eam-02012 CTM Soflwarc Corp.
�P�n ( Sotheb § Aspen Snowmass Satheby's Ioternattonal Rea(ty
Snowmass „,,..„.,.o...,.y.. Mark Haldeman
Ph: 97Q-424-37fi8 F�X: 970-920-9993
ADDENpUM"A"
TQ CONTRACT TO BtiY AND 5ELL tiFAt ESTATE(FIESIDEPiTIAL}
RE:Contrad dated Q6H912012 betwesn Snowmass Hatdings LLC ,as Selter
PiEkfn Coanty Board of Commtssioners ,as Buysr,re[ating to the sale and
pu�hase of the Rroperty knawn as:
Tbd Rural Mountaln Road Snowmass CO 81B54
This Addendum(`Addendum'�Is hereby made a part af this Contraci.in the event of a canflict between this
Addendum and ifie Contract,this Addendum shail pravait.
t. §2.1.BUYER.9uyer may destgnate ar re�designate fhe form of tenancy in tfie Ciasing InsWctions. Failure
ta desEgnate shal[not cons6tute a defautt and authoriaes the Glosing Campany lo utilize the selection in§2.1,
or if none is setected,to indtcate Tanants In Comman tr�equal proporftons.
2. § 2.5. t�[CLUStONS. Uniess expilGtiy exciuded by§ 2.6 of aa�her provision of this Conttact, or untess
Btryer and Seller agtee atherwisa in a settlement of an Inspection ObJection or othet subsequeM amendmerst of
this Gontract, eny carbon monoxide atartns on the Property an the date of this Contrad(whet�er pluggad into
an outlet,wired into the etectrical syslem,or othe�wise located on or attaehed ta the Property on such date)are
part af the tnciusions ta be transfened ta Buyer under thfs Gonttad.The desd to be deiivered at Closing sha{i be
deemed to ass(gn to Buyer ali assignabfe warrantles regarding the Properiy or lnciusions.
3. §4.2.EARNEST MONEY. Eamest Money Hoider Is hereby autharized and inslructed to ptace the Eamest
Money into an Interes�bearing accaunt at a federaliy insured bank ar financial institution. If the purchase and
sate oontemplated by this Conlract closes,then aM interest sha11 be for the benefit of Buyer.If Buyer becomes
en6Ued to a retum of q�e Earnest Money under ftie provlsions oi tt�is Contrad,th�a11 interest shaA betong and
be paid tu Buyer concurrently with the retum of the Eamest Money. ff Seltet becomes entitted to retaln the
Eamest Money under the provisions of thls ConUact, then ail interest shatt.belang and be pald ta Seiter
cancunendy with the delivery of the Eamest Maney.
4. §6.9.LENDER PROPERTY REtIUtREME4�tT3.§B.1 af the Conlract is hareby deteted.
5. §7.3. FtOMEOWNERS' ASSOCiATtON QOCUMENT�1t the bax in§ 7.3.2.2 is checked,SeUer rernatns
obligated to cause the Associadon Dawments to be delivered to 8uyer on ar betore !he Assoctation
Documents Qeadttne.
6. §8.2.OFF-REGORD Tt'CLE MA'fTER3.The documents to be delivered by Seiler ta Buyer on or before the
Off•Record Title DeadUne pursuanf to§8.2 shail inciude capies of any improvement locatlon certificate{s)In
Selter's possession peria{ning to the Property.
7. g 6.5. Rt61i'i'OF FtRST REFUSAL OR CONTRAC7 APPROVAL. tf the provls{ons af$8.5 are apptieabte
because of the exfstence of a right of first refusal on the Property or a right to approve(his ConEract,Buyer shali
have tha right to eutend the Rtght af First Refusai Oeaditne by five (5) calendat days in oNer to abtain
eupirattan or waiver of the right af first refusa!or Contrad approvat.To exerdse sucfi right,Buyer must deliver
written noGce af such extension on or before the Rlght of Ftrst Refusat Desdttne, as IniBaliy estabpshed. ff
SeUer does not recelve Buyefs notice of extension by sucFi date, the Rtght of Ftrst Refusai beadNne shati
not be extended.
8. 14.7. RUE RiLtGENCE— DOCUMEN7S.The Due Difigence Documents cantemptated by§ 10.6.2, iE thts
Addendum is attached to a Conttact to Suy and Seq Real Estate on form CBS1-10-11, or by§ 'lQ.6.74 if thls
Addendum ts attached to a Contract to Buy and Seli R�t Estate on form CBS210-11,C8S3-10-11 or CBS4-
10-11, whtch are to be deqvered by Seqer to Buyef on or befo�e the Que DlNgence Docurttents Deltvary
°Deadtine, shalt include copies of any af the foqowing, io the exter�t the foliowing exist and are in Sellefs
possessfon:utiUty bilis retating ta the Froperty for the tast 12 monfhs;ar�y architecturat drawfings,biueprtnts or
ather plaris ar specificatlons regar�ng any tmprovements on or to lhe Property Qncluding but not frmited to arty
as-b�Ilt canstruction plans therefare); any warranties, menuals, instruct{onal brochutes or similar materiats
relattr�g to the Propetty or inclu�ons, or their use, operation or maintenance; and, if a weli exists on the
Addendum"A"to Con�ract ta Buy and Sell 8ea1 Estate(CBS1-5-09j.This addendtmt has not beea apptcsved by the Colorado Real Estate
Commission{CREC}.It was repazed and 02012 by Frascona,Ioiner,Goodman and Greenstein,P.C.(303-494-30Q0}tegal connsel,for
the exclusive us of Asp mass Sotheby.AIE righcs reserved. Page 1 of 4
Huyer(s)tnitists Seller(s}Initials ��
CTMeCoatraces.eam-472012 CiM 5aftwue Corp.
Property, a CFiEGapp�aved LlsNng Fitm's Weii Checklist campleted by SeOer, current as of the date of the
Contract tn addiiion,if this Contraci is attached to a Contract to 8uy and Setl Fteal Estate an fortn CBSt-10-11,
the Due Di{Egence Qoc�ments to be so dellvered tsy Selier to Buyer shall also inciude copies of the foibwing,ta
the extent the foliow)ng eacist and ars in 8eqer's possession: any property tax stalements retating to !he
Property for the last 2 years; any certificate{s) of occupancy o�other govemmentat approval(s� regarding arty
improvements on or to the Property;and any inspectfon,engineering,environmentai(inciuding but not limited to
radon or matd),soii,dralnage,percolation or simfila�repotts,studias ar test resutts retaUng to khe Property.
9. §'I0. PROPBFtiY DtSCLOSURE. iNSPECTtON, tNDEMNCfY, (NSURABtLCiY. DUE D1Lt(3ENCE. BIlYER
DiSCLOSURE ANO SOURCE OF WATER Buyer's right to object and/or tertninate under § 10.2 andfar§
10.7.1 shall nol be ltmtted to Buyers saGsfactfon with the physical conditton of the Proparty and Inciusions ar
the Due Diligence Documents, or any other matters speafled tn clauses (1} thraugh (5j of § 'ld.2; rather,
euye�'s right to abJed and/or terminate under each of§§ 14.2 and 10.7.1 shaU include investigatlng, reviewing
and becorntng satts6ed with ANY feature of or matter relating ta the Properfy, the tnctusians or the Que
Diflgence Documents and ANY other factor deemed 6y Buyer to be reievarrt lo Buyers acqutsition of the
Properly and Incluslons, inciuding, without iimitation, the actual lot slze, bcation and squate foatage of
Improvaments, butiding, zoning and allawed use regulatfons, weit (flow rala, capaciry, depfh, racovery tate,
suitabitity €or Buyet's needs, exempt status such as housefiald, domestic, etc., water quallty, potabtliry,
locatian on Property,etc,),septic{usetui life of the system,capaaty and sullability for size af house,pumping
needs,(ocatton on Property,etc.},leach field(adequacy,IocaUon on Property,percolatlon,etc.j.environrnenta(
(such as presence on the Praperty of moid, raclan gas, asbestos, petroteum products, methatnphetamine
andlor bypraducts fram the praducHon af inethamphetarnine - and the Buye�s right to obJect and
terminate under ihis Contract provision appifes, inter atra, even if inethamphetamine cantamtnatlon has been
remediated to meet the standards estabifished by rutes of the State Board of Heatth pramufgated pursuant lo§
25-18.5-1Q2, C.R.S.—or other hazarctous substances or materiais)ar sals matters,the presence or absence
on or about the Property af radiant hsattng systems(e.g. Entran itj, eiedromagnetic fieids(proxtmity to power
itnesj, lermites or olher infestaktons,exEedor tnsulatbn and ff�ish systems(e.g. a�ciai sluccoj, polybutylene
plumbing materials,roofing malerisis(e.g.Woodruf shingtes},proxlmity to a fiood pfaln or hazardous waste slte,
the presence and location on the Propetry oE carbon monoxide alarms, the avsilability and quality of schools,
the impact vE alr traHic,the duas,teas,taxes or similar charges that are or may bs assessed or levied by any
applicable assocfatlon or faxing authorify, ai�ne statislics (such as "Megan's law' which pravides that
inforrnatton conoeming the location Qf known sex ot�enders be avaifable lrom local taw enforcement), and other
simitar matters.The phrase,9n 6uyers sole subJeclive discredon"fs hereby emended in each piace it exists in
§§10.2, 1U.5 and 10.7 to instead read,'fn 9uyer`s subJective and absofute so3e dlscreGon;and such amended
standard (BuyePs subjective and absol.ute sole dtscretlon) sha11 apply nat only with respect to the physical
condiUon of the�'roperty and inclusions or the Due Diligence Oocuments,or other matters speci�ed in ctauses
(9j Ehraugh (5)of§ 10.2,but aEso�as indicatad above, with resped to ANY feature of or mafEer refating to the
Properiy,tha Inclusions or the Due t3iiigence Documents and ANY othe�facfor deemed by 8uyer to be relavant
to Buyer's acquisition oE the Properiy and Inclusions. Seder shall promptly dtsciose, as they occur, any
changes ln the condiCbn of the Praperty or Inclusions, or chsnges relating to the Pcopei#y, incluslons,Due
Difigenca pocumenls er other items qsted or descxlbed above ot whi�t►&eqer has actual knawtedge.
10.§ 10.CAf2BON MONOXtDE RLARMS. tf the Praperty Is In Aspen or eisewhere within Pitk(n County, the
following appiiss and suppiements (i) the hfats in § tQ.10 of the Contract, if this Addendum is attached ta a
Contrad to 8uy and Sel1 ReaE Estate on fonn CBS1-7�-1'i, or(it)the Note in § 10.11 of lhe Contract, if this
Addendum is attached to a Corthact to Buy end Sep Reai Estate on form GBS2-10-11, or�IiQ if the Contract
inciudes the CREC-approved Residendai Addendum on fortn RA33-10-11,tMe tYate in§2.6 0!such itesidenttal
Addendum: Both the Pitkin County Code artd Aspen Muniapai Code inctude provis[ons which, among other
thin�,impose a responsibiGty nn the uwner of a"resldenUai occupanc�/`to instsit and maintain required carbon
manoxide detectors in accordanoe with the requl�ements of the appllcable Code, and the tequirements of Ihe
Pitkin County Code or Aspen Municipat Code,as appicabte,should be considered in conjunctlon wilh the state
law described in lhe aboVe-re(erenced f�ote.
11.§ 17. POSSESSION. �#the Possession Date and Possesstan 7ime are othe�than Ctostng Date, each
party shait be responsible to insure thelr respective real and personat property Intaresfs and to enter into a{ease
wifh the other party for the period between Possessian DaEe and Ttme,and the Clo�ing Dats.
12.§ 18. DAY• GC}MPUTAT[ON OF PERIOQ 0� DAYS DEAOLINE. fiegerdless of which box in § i8.2 is
checked,or in the event neither such box is checked, Buyer and SelEer agree as follows:(a)tn the event any
date described herein for payment ot petfartnance of this Conlract fal(s on a Saturday,Sunday or le�at haliday
recognized by the State of Colorado ac the United States of Amerlca, then, except as stated bebw in this
Addendum"A°to Contract to Buy and Set2 Reat Estate{CBS1-5-49).This addendum hos not been spg�vved by the Co(orado Real Estate
Cammissian{CREC}.It was repared and 02012 by Frascona,Joiner,Goodman and Greenstein,P.C.(303-494-3QOQ)l�gat connsel,for
the exclusive use sp S wmass Sott�e6y.AII zights reserved. Page 2 af 4
Huyer(s)Initials 5eller(s}Initials �"
CI'MeContracts.com-020}2 G7M SoRwere Corp.
paragraph, the kime for such payme�t ar performance shait be extended ta the next business day: (bj no
extens�an under this paragraph andlor§ 18.2 shat[apply to a date ar deadtine spec�ed for the giving of noGce;
(c)no extenslon under this paragraph andlor§18.2 shad appfy to the Possesslon date, ,if the Closing occurs
on a date not extended hy this paragraph and/or§ 18.2;(d)tt the Ctosing Date Is exfendad by this paragraph
andlor § 18.2, the Possesston Date shait be extended by the same number of days; and (e} nathing in th3s
paragtaph ur§ 18.2 shall operate ar be conshved to operate to extend the Aceepiance Deadltne Date or ar
Acceptanae Desdiine 7tme specified fn tF�e C�tract.Ait referencas to time in the Gontract mean Colorado
"Standard'or"Dayftght Savings`dme as may he appticabte on the parEicular date.
13.§ iS.CAUSES OF LAS tNfSURANGE• CONOt�FOP1 QF DAMAGE TO PROREF2TY ANQ INCLUStQHiS
ANQ WALK'1'FlROUGH.Seiler shali maintain any yard and landscaping bn the Property and deliver the sama in
the condkton e�sting an the date af this Contract.ff a dweilfng or other structure exists on the Property,Seae�
shall de[Iver ihe Property in "Maid Cisan' conditton. 'Maid Ctean' is defined as: a11 carpets professianalty
cieaned;ail appfiances professionatly cieaned; all ftoors mopped and/or vacuumed; ai1 bathraom ftxtures, tubs
and showers pivfessionatly cleaned; ait wlndows professlanal�y cleaned; and atf trash and personal property
removed {except inclusions to be transfe�red with ihe Properq+). Buyet's rights under§ i9.4 include, without
Iimitatian,the right ta Inspect the Property and Inctuslons ta irssure Setlers compGance with this provision.
14.§21.7tME OF ESSENCE.DEFAULT AHD 4iEME01ES..if(a}petfQrmance is delayed by Buye�s lender,(b}
the requlred loan documents c�ricemtng this transaction are not received by lhe Closing Date, or (c) lhe
passage of documenls by courter is not complete by the Closing Date,t�e appiicable dates far(check a!i Ehat
appty) �l,oan CondlNons Deadline, � Loart 1'ransfer Approvat Qeadllne,�Appralsat Objec�t(on Deadtine, ❑
Closing Date, and�Possesslon Date sheit automaticafly be extanded once for a period of two(2)business
days.
15.MEASUi2EMENT3. . Neither Seller nor Broker worklnq with Seiler, Brokerage Flrrn of Broker working with
Seiler, or other representative warr�nts the square foolage, area or size of the land betng purchased hereundef
ar any improvements therean. Arry shatements, representat�ons, ctairrts, drawings or es�mates made or
provided by Setler ar 8roker warking with Setier, Brokerage Ftrm of 8ro3cer working with 5eiler, or other
representative refe�encing the square footage,area or size nf the land or any improvements thereo�,whether in
a marketing brochure, Mt8 ad or othervvise, are not being and shalt no[ be refted upan by 8uyer, and Buyer
agrees and rep�esents that if the square foatage, stze or area of ltse t�nd or any impravements therean is a
maiter ot concem fo euyer, then Buyer shall sadsfy itseff in that regard through,and rety salely upon, ifs ow�
invesdgations and measurements made prior to ex�sira8on of the tnspection ObJectian Deadltne.
16.1Q31 E?CCHANGE. Each patty shail coaperate wtth the other ta effectuate an I.R.C. § 1431 hax defe[red
exchange,including consenting to and ecknowledging asslgnmenls of thts Contrad to a Cluakfied intermedlary,
so long as such coaperadan is nat to tfte detriment af the other party.
1T.FEDERAL ANO COLORADO WRNHOLDENG. Buyer and SeEter shait comply with the requlrements of the
Foreign InvesCment In Reat Property Tax Act (FtRFTA) and the wthholding on Transfers of Colorado Real
Property Iaw,which may taii withhoiding of a petcentage o�the sates price on nan-exempt transactions.
Date: 1.,
euyer: ftkin unty of Gom issloners �-� VJ�}
8 tbo e � ��.��((,, � ,L� '4�—`
,�.��,. �^ ;-�.. � � ez.
Buye. v�� �}�(.� �1.5���'OSte:��'�(.7
Date:
SeUer.Snowmass Nofdings LLC
8y:Curtis Chfsholm
A
. f � .. �i2_
Seilar• �� � "'� Date: �
Addendam"A"to Contract ta Buy and Sell Reat Estate{CBSt-S-Q4).This eddendum has not been appravet3 by the Goloiado Real Estate
Commission(CREG).It was prepsred and�2dZ2 by Frascona,Joiner,Goodman and Greenstein,P.C.(303-4943000}Iegel counset,for
the exctusive use o Asp n Sn mass Sotheby.A!t rights reserved. Page 3 of 4
Buyer(s)init�als ' Seller(s}Inidals �•.l�`"
LTMeContrack+.eom-02012 CTM SoRrovare Cap.
C7M eCOnt�acts-t$�201 t CTM Software Corp.
Addendum"A"to Gontract to Buy and Sel!Reai Fstate(CBSS-5-49).This addendum has not been approvad by the Colarado Real Estate
Commission(CREC}.It was repared and�2DI2 by Frascona,3oiner,Goodman and Greenstein,P.C.(303-44430Q0)�egal cQUnsei,for
the exctusive use Asp S wmass 5otheby.AII rights reserved. Page 4 af 4
� Cs ��i i
Buyer�s)Initiats � � Seller(s)initials �� r
CIMeConttacks.eom-A2032 CCM Sntlwere Corp.
ADDEM?UM 1
TQ COIYTRACT TO BUY AND 3EI,,L REA�L ESTATE B�TWEEN SOARD OF COUtVTY
C(3MMLSSIONERS OF PITKTN CQUNTY,GCZLORADO AS BUYER AND SNOWMASS HULDII�IGS,LLC AS
SELLER, DATED 6/]3lZd12
This Addendum is made a part of that certain Cantraet ta Bvy and Selt Real Estate dated 6/19t2012("Contract'�
benveen Pitkin Caunry Baard of County Commissiancrs as buyer(".Buyer") and Snowm�ss Holdings, LLC, as soiler
("5etter"),with respect to property known es Pilkin County Parcet TIumber(s)2b4S(43QOdt3 of approximatsty f 20 acres,
lying in Shield O Mesa subdivision in the Caunty of pitkin ("Property"}, In the event of any conFlict or iaconsistency
between the provisions of this Addendum aztd ttse Contract,the provisians of this Addendum shall govern and cantrot.
I.SURVEY. On or befote the cunent survey deadtine as provided!n§3.SCtter shall detiver ta Buyer a curtent sucvey oF
she property certified by a ticensed Cotorado surveyar for the express benefit af 5eller,Buyer and the attomeys,depicting at{
properry comecs,improvements,easements end rights oP way,driveways,parkirsg areas,walls,fences,encroachenen�s on ar
aff the Pmperty,utiiity lines and ntifity instaltattons,and restrictions of record.Cost of survey shaEl be bome by Seiler.The
Improvement Sucvey 5haE1 be in form and contont sufficient to cause tha title campany,Land�tle Guarantee Company,to
�� issne u►endorsement to its title commitmtnt agreeing ro delete From Schedute B(Section 2)of its to-bc-issued tide policy
� standard printed exception Nos. 13 at no cost to Buye�. Buyer shali have the right to review and object to the eurrent
�� survcy, in tha event the Impmvement Sun+ey discEoses matters whic6 in the Bnyer's apinion eonstitute defeus in the
merehantability aF Selter's tiite,Buyer must give setler written naticc oF such unsatisfactory titie conditian{s)no later than
Q� ���° �� the Tide Objection Deadline.If Buyec in fact gives such tatice to 5elter in a timety menner.Buyer shal)have the Right to
� Terminate under§25.1,an or before the curnnt survcy objxtion dcadtine(§3},if Ehe current survey is not timety received
by Buyar ar based on any unsatisfactary mattar with the cucrent survey,natwithstanding§8.2 0�§ 13. EF na such notice is
timcly given,Buyer shalt be deemed to have waived any objeciinns to matters shown on the Improvement Survey.
2. �t)UtV'TY APPROVAL.. Notwithstanding the signature herero by t6e Open Space Dimctor rtcommending Buyer's
approval,the obligation of Buyec to perform hereunder is expressly conditioned upon the adoptian by Buyer of an ordinance
authorizing the sale oE the Property ro Buyer putsuant to this Contract.[n the event such ordinance is not du(y adopted by
Buyer on or before 45 days from M�C,or any extension thereof as the partics may,in writing,agree,either Seller or Buyec
may,upon ws9tten notice to the other,Ierminate this Contract whereupon Buycr sha�l be entided to a prompt resnrn oP ali
Eamest Moncy paid. [o the event such orttinance is timety adopted. Buyer shalt,ai the request of Seller,re-execute this
Contract by tfie signature af the Chairman or Vice-Chairman oE the Pitkin County Boazd oF County Cornmixsioners.
3.A�DITIO�iAL DQCUMENTS. At Ciasing,Setter shail execare and detiver such documents as shall be necessary ro
tcansfcr and convey lhe Prape�cy to Buycr,free and ctear of alt liens and encumbrac►ces,aii right,title and intcrest of Selter,
excegE,as provided beEow.
4. I1�TERFST O[Y EAI2NFST MO�tEY.Any and all monies paid by Buyer prior ta closing sha11 be piacad in an insured,
interest beazing money market-type accaunt with a local commercial bank with ait interest therean to acerve for the benefit
oF Buyer.Whether or not Buyet shall ever be in default undor this Cuntract resulting in a farfeitu�e aF its earncst money,
Buyer shall nevenhdess be entitled to retain,as its sole and separate proparty,alf interest eacned on said eamest moncy.
5. N TtC .Any nodce,demand or document which either party is required or may desirc to give,deliver or make to the
ather party sba11 be in writing and shall be personalty delivered or given by Facsimile transmissian or given by United States
certificd mail,return receipt requested,addcessed as{oltows:
To Buyer. Attn:Dale Witt
Directar,Pitkin County Open Space and Traits
530 East Main Street,3"� Floar
Aspen,CQ S lbl!
Facsimile Na.:(4T0)920-5198
With cnpy to: John Ely,Counry Attorney
Pitkin Councy,Colarado
530 East Main Street
Aspen,CO 81611
L ' \�
Facsimile No.:(970)920-5198
To Sctlee Snawmass Hoidings.LLC
clo Mazk Hatdeman
4t5 E.Hyman Ave.
Aspen,CO 8161 I
Facsimile iVo.:97UAZ0-9993
With copy to:
Fncsimile No.�
My notict,demand or document so$iven, delivered or made by United 5tates mai! shall be deemed m have been given
thrce{3)days after the same is depasited in the United 5tazes mail as certifsed matte�,�ddressed as above pravided,with
post�ge therean fully prepaid. Notice by facsimile transmission shat!be deemed given upon receipt of a confinn�tion by
sender and notice by persanat detivery shalf be deemed given when rcccived.
6. BRQKER COMMISSIONS. Selter and Buyer represent to each ot6er that na hroke�s ather than Mazk Haldeman,of
Aspent5nowmass,Sotheby's Internatianal Reatty aze involved in th9s transacGon. Pitkin County Soatd of Commissioners
(i3uyccs),sha11 have na abligatian to pay any brokerage cvmmission for this transaction.
7. MiSCELLANEOUS.
(a) Saturdav.Sundav or Hotidav. If any time period referred ta in this Conlract shall end on a 5aturday,Sunday
or legat hotiday,such time perind sha(1 autamaticatly be extended to the first regulas business day thereafter.
(b} Controtling Law. This Contract ShalE be construed in accordance with and governed by the laws of the 5tate of
CoFarado. The parties hereto agree and intend that the groper and exclusive forum for any titigation of any
disputes or contraversies azising o�t of�r related to this Conuact sha3l be the Distr"sct Courc far Pitkin County,
Ca[orado.For pn�soses of any tiiigation,the parties consent to tfie chosen farum for purposes oF jurts�lection and
venue.
(c) Countcmarts. This Concract (or any amtndments, madiFcatinns or eztensions hereof} may be eztcuted in
sGVera!counterparts and,aher execution and as executed,shall constitute an agreement binding on a�l of thc panies,
notwithstanding that all of the parties aR not signataries to the origina!ar the sarne connterpart.
(d) Further Assurance,�. Each oF the parties agree to execute,acknowledge,detiver,fite and record,or cause ta
bc executad, acknowtedged, delivered, filed and reroeded such funher instnsments and dvcuments and such
certiCcates, and to do atl things and acls as the other party may reasonably �eguire in order to carry aut the
intentians oP this Contract and the transnction contemplated hereby.
(e} rv"v 1 Atl af the warcanties and rapresentatians eontained in this Contcact of an ongoing nature ar intended
to survive shall survive the actu�l closing of the transaction canlemplated thereby.
(fj Consavction. No provision of this Contract shall be constn�ed against nr interpreted ta t6e disadvantage of any
pazty by reazon oF such party having or being deemed to have rtquessed, drafted, required or stiuctured such
provision.It is the intention of the parties that the party who employed the scrivener to prepare this ConQact not
be prejudiced by virtve of such act,nor shal!tilts Contract be construed against such paety by virtue uF its actions
in retaining the scrivener.
(g}�ornevs'Fees. In the tvent of any action for bzeach of.to enforce the provisions af,or othenvise invalving
this Conuact,the court in such actian sha[E awatd a reaconable sum as attomeys'(ees ro the party who,in tight of
the issues titigated and the court's decision on those issurs,was the substantially prevailiag perty in the action.If a
. r �JV,."
party voluntari[y dismisses an action,a reasona6te sum as attomeys'feeS shatt 6e awarded to the other party.
8. Due I}ilieence Period. Parties recognize that Buyer has concems regerding deFects in tit[c chat mighi not 6e disclosed
hy Scllcrs ahligations under Section B of this Cantract.These cancems inciude but are nat limited ta potential claims af
adverse possession against thc Property.If for any reason on or befare thc ezgiration of tbe due ditigence period oCTS days
from 112EC as outlined in the ContracG
9. u trn en s�c n ie R The obligations of Buyer hereunder are eapressly
condiEioned on it obtaining a written agreemcnE from the Shield-0 Road Association that accepts that if the Buyoc acquircs
the Propccty as Pitkin Counry dpen Spare,that the gencral publlc mey use tho roadway fram 5nowmass Creek Road to thc
Pmperty where the Buyers waald create a parkirtg area 'itie datcrminatian of the adequacy oE this agreement sha3t be in
the Buyer's sote discrttion. In the event that che Buyer is not abte to obta"sn such a written agre�ment within 75 days From
MEC, and if the Huyer daes not waive this cont[ngency, it shal! be teleased from its abligations nnder this Contract a
whereupsan Buyer sh�tl be entitled to a prampt return of ai1 Eamest Money paid.
Acceplec!and Agreed$y:
w
t unty n ms ' ne Bu Date
` ��i�t�`��,S-.��� - ��-�..�1�`tl�� ����Ar�.
5nowmass tioidin$s,LLC,Setler Date
.
� - 1 � � 2� �2_..
_ ; Page 1 of 3
��P�n �otheb s Aspen Snowmass Sotheby's International Realty
5nawmass � r,-�..:.�Y_�:«Y.. Mark Haideman
Ph; 970-4Z9-3768 Fax: 97{�-920-9993
1 he printed portions of this form,except differentiated additions, have been approved by the Coiorado Reai Estate
�ommissian(AE41-10-11�{Mandatory 1-12)
2 THlS FORM HAS IMPORTANT LEGAL CONSEQUENCES AND THE PARTtES SHOU�D CQNSULT LEGAL ANQ
TRX QR QTHER COEINSEL 6EFORE SlGNENG.
3
4 AGREENJENT TO AMEND/EXTEND COISiTRAC'i'
5
e Date: 6I29f2Q12
7
t. �his agreement amends the coniract dated 6l19/20f2 (Cantract), between Snowtnass Holdirtgs
8 LZC (Seiler},and Pitkirt Counfy Boarcl of Commtssioners (Buyer), relating to the sate and purchase oP the
foitawing legal(y describad real estate in the CaunFy of
9 Pitkin,Colorado:
Subdivisian:SHIELD-O-MESA Secffan: 14 Tawnship:9 Rang!e:86 PROPER7Y!tV SECS i4 15 22 23&
27 OF T 9 S R 86 W SZNW4
fV2SW4&SW4SW4 SEC f 4-9-88 SE4 S2NE4 S21VW4 NW4SW4
SEC 15-9-86 tVE4NE4 W2tVE4 NW4SE4 VY2 SEC 22-9-86 LOTS 15
& 1&QF SEC 27-9-86 THAT PT OF SE4lVE4 lVE4SE4 LC)TS 1 &3
OF SEC 22-3-86& THE NW4NW4&SW4NW4�F SEC 23-9-88
LYING NWLY FROM THE CTR LINE OF 7HE CO RD AT PG 603
ALL THAT PART W2SE4& THE SW�FNE4 SEC f4-9-8&L YIIVG W
OF A LINF DESC AS BEG AT A PT WH THE NE COR SEC 14-5-86
BEARS tV 27 DEG 19'ST35 FT FH Ct�MTtNU1NG BY MlB TO A PT
ON THE N LtNE OF SW4NfE4 E}F SA/D SEG i4-9-8&SE4SW4 SEG
io 74-9-86 ALL THAT PART OF TffE tVE41VW4 OF SEC 28-3-86
L YtNG NWL Y& WL Y OF TNF C�RD BK 177 PG 315 N2NW4&
NE4SW4 OF SEC 75-9-86 8K 221 PG 39 LESS T�SCARROW f
AG 23.4l646 LESS TO WAMSLEY 1 A�234!&47 LESS 3 TRACTS
KONGE 2.f 5 AC PERK/NS 4.42 AC BRfIdGAZE 2.21 AC LESS f0
LA G1C1lA ET AL 4.57 AC CC7NT 2.68 AC TO MACKENZIE BK 238
PC,403 LESS THESE LOTS 1N SHlELD-O-TERF?ACES DEEDED
4UT lN i9&9 LQTS 1517B 22 24&35 LESS 158.(?5 AC TG►
WIENER BK 243 PGS 99-i0�LESS TO UTAN PROCESS AGENCY
A TRACT SITUATED!N fVW4NE4 SEC 22-9-86 DESC BY MlB
CQNT 5 AC MIL 8K 28D P�9 LESS TO MC ALLISTER A PARCEL
!N LOT 16 SEC 2T-9-8S
li known as No. Tbd Rura!Mountain Road Snorvmass C�81fi54 (Property}.
iz
NOTE:If the table is omitted,or if any item is Eeft blank or is marked In the"No Change°co(umn,it means no
is change to the corresponding pravssion of the Contraet,lf any item is marked in the°Deleted°calumn,it
means that the corresponding provision of the Contract ta which reterence is made is deleted.
ra
is 2. §3. DATES AND DEADLINES. [Nt1TE:This table may be omitted if inapp(icab{e.]
is
1� Item
No. Reference Event date or Deadline ��a�ge �efeted
1 §4•2 Attemative Eamest l4loney Deadtine
itte and Associatton Documettts
§7.1 Record Title Deadline 7/10/2Q12 Tuesday
§7.2 F�cceptions Request Deadline 7/10/2012 Tue=day
§8•1 Record Title Objection Deadline ►TO GhAt1 e
§8•2 Off-Record Title Deadline 7/1 Q/2012 Tuesday
6 §8•2 Off-Record Titie Objection Deadiine . /10 C11c?Yl[„�/2
§8•a Titfe Resolution Deadline 9/3/2012 Montiay
httrn://www.ctmecnntrar.t�.cnm/eC'�ntrartclm PrnnJ('nntra�talT 3etinv C'nnrrartc/PRTNT � '7/�t�ftt�
, . Page 2 of 3
S §�•3 Associatlan Documents Deadiine 7fra�o�2 Tuesday
§�•� Association Documents Objection Deadline na change �
10 §$•5 Right of First RefusaE aeadline no change �
elters`s Praperty Discfosure
1 t §1�•1 SelteYs Praperty Disclosure Deadline no change
oan and Credit
12 §5.1 Loan Application Deadline no chan E �
13 §5•2 l.aan Canditions Deadline no change �
14 §5•3 Buyers CrediE information Deadiine no change �
15 �5•3 Disappravai of Buyer's Credit Information Deadline na chan e
16 §5•4 Existing Loan Dacuments deadline no change
�7 �5.4 Existing Loan Documents Objection Deadiine no change
18 §5•4 Loan Transier Appraval Qeadline no change
ppraisal
19 §6•2 Appraisal Deadiine tT0 CC3aR�8 �
0 §6-2 Appraisal ObjecNon Deadline
urvey
1 �9•1 Current Sunrey Deadiine na change
§g•2 Gurrent Survey qbjection Deadline t1p C(I�►tgB
nspectfon and Uue�iltgence
3 §10•2 tnspection Ob}ection Deadline na change �
4 §1a•3 tnspection Resolu8on Qeadline Ii0 CITBIIl�"E
� �i0.5 Property Insuranca Qbjection Qeadline no change
6 §1�•6 17ue Qiligence Documents Delivery Oeadline no change
7 §1�•� Due Diligence Documents Qbjection Qeadline no change
a §10.8 Envi►onmenta!Inspection Ohjection Deadline CBS2,3,4
g §16.8 ADA Evaluatian Qhjection Dsadlins CBS2,3,4 no change
0 §�'►•� Tenant Estoppel Statements Deadline GBS2,3,4 no change
� ��� 2 Tenant Estappel Statements Objecqon Qeadfine CBS2,3, �����n�e �
CFosirtg and Possessfon
2 §12.3 Closing Date no change
3 §�� Possession Date nsz change �
4 §1� Possession Time
5 n!a rrla no chan e
6 Na rrla na chan e
ia 3. Other dates or deadfines set farth in the Contraet shaii be changed as foifows:
ze ttla
Zo
zi 4. Additianal amendments:
i. Regarding Addendum � Paragraph 2;CC?U1V7Y APFROVAL: Fhe deadline for county
2z approval sha!!be changed from 45 days from MEC fo Augusf 8,2012.Ali other provisiorts in
this paragraph sha11 rerrtain the same.
zs All other terms and conditians af the Contract shall remain the same.
24
This proposa(shall expire unless accepted in writing by Seller and Suyer as evidenced by their signatures betow and
Monday July 2,20i2 5:�a
25 the offering parry ta this dacumertt receives notice ot such acceptance on or before PM M�T
Date Trme
26
httns://www.ctmecontracts.com/eContract�lm ec�nlCnntractc/i.ictina t-'nnrrartclPRTNT A 71�1�nt�
$ Page 3 af 3
za C/t(f`L�fS' �1/L/S'tL4�1�1 (,�;�
Date: 612912U1�
Seller. Snov►rmass Holdings LtC
By: Curtls Chisho/m
zs
zs Se!!ec Date:
so �.
31
32
-- ;:�-;i�
� Bil1'EN'8 81GNAtIIRE'; �
7Z -��� � � .
- �;����� �u�. ����.�
33 ��`*�� ��1��`; +��,.SCPt".�!l:C� �°c3'11 ��..i�;^i
Buyer. f'ifkfn Cr�unty Board c�f Commissec�ners
By.Authorized Age �
sa r t
�s Buyer� � f .. � � Date:������:�-
36
37
AE41-10-rt1. AGREEMENT TO AMENDlEXTEND CON7RACT
.... � ,,, r. =;�, _. ,
https://www.ctmecontracts.com/eContractslm econlContractslListin� Contracts/PRiNT A_ '7/2/'7t11�
��PC�� Sotheb 's Aspen Snowmass Sotheby`�Internatinnal Reaity
Sno�►m.i.� .,,,.,,.ra,,,.y:. Maric Haldeman
Ph: 970-429-3768 Fax: 970-920-9993
2 e printed port(ons of this farm,except differentfated additlons,have been approved by the Calorado Reat Estate
Gommission AE41-10-i 1 Msndato 1-12
z TH{S�4FtM HAS lMPORTANT LEGAL CONSEQUENCES AND THE PQRTIES SHOULD CONSULT LEGAL AND
TAX OR OTHER COUNSEt BEFORE SIGP1tN6.
3
4 Ai'sREEMENT TO AMENDtEXTENO CON7RACT
s
6 Date: 7N0/2a12
�
1. Thfs agreemer�t amends the contract dafed 6h9/20�2 (Contract),between Snawmass Holdings
a LLC (Setler),and PitkJn Courtty Boarri of Commfssloners (Buyer),relating to the sale and purchase of the
foElowing tegaHy described real estate in the County of
4 Ptckin,Colorado:
&ubdivfsloR:SHlELD-O-MESA Section:14 Townshfp:9 Range:86 PROPERTY/N SECS 14 15 22 23 8
270FT9SR88WS2NW4
N2SW4&SW4SW4 SEC t49-86 SE4 S2NE4 S2NW4 NW4SW4
SEC 15-9-86 NE4NE4 W21VE4 NW4SE4 W2 SEC 22-9-86 LOTS 15
&1 B qF SEC 27-9-86 THAT PT OF SE4NE4 NE4SE4 LOTS i&3
OF SEC 22-9-86& THE NW4NW4&SVY4NW4 OF SEC 13-9-86
LYlNG NWLY FRQM THE CTR UNE QF TNE CC!RD AT PG 603
ALL THAT PART WZSE4 8 THE SW4NE4 SEC 14-9-86 LYlNG W
OF A LfNE DESC AS 6EG AT A PT WH THE NE COR SEC 14-9-86
BEARS N 27 DEG 19'S735 FT TH CONT/NUINGBY M16 TO A PT
ON THE N tlNE OF SYY41VE4 OF SA/D SEC 14-9-86 SE4SW4 SEC
i o 14-9-86 ALL THAT PART OF THE NE4NW4 OF SEC 23-9-86
LYtNG NWLY 8 WLY OF THE C�RD BK t77 PG 315 Af2NW4&
NE4SW4 OF SEC 15-9-86 BK 221 PG 39 LESS TO SCARROW 1
AC 23�4/646 LESS TO WAMSLEY!AC 234l647 lESS 3 TRACTS
KONCE 2.15 AC PERK/NS d.42 AC BR/NGAZE 2.21 A C LESS TO
LA G/O/A ET AL 4.57 AC CONF 2.fi8 AC TO l6PACKENZlE BK 238
PG 4Q3 tESS THESE LOTS!N SHiELD-Q-TERRACES DEEDED
OUT!N 1969 LOTS 15 178 22 24$35 LESS 158.05 AC TO
WlENER BK 243 PGS 99-10!LESS TO UTAH PROCESS AGENCY
A TRACT SITUATED/1Y NW41YE4 SEC 21-9-86 DE3C BYM/B
CONT 5 AC M/L BK 260 FG 9 LESS TO MC ALLI3TER A PARGEL
lN LOT 16 SEC 27-9-86
i l known as No. TBd Rural Mountain Road 5nowmass Ct?81654 (Property).
iz
NOTE:if the tabie is omitted,ar if any item is le(t blank or Is marked in the"No Change"column,it means
i s no chattge to the corresponding provlsfon at the Gontract.!f any item is marked In the"Deleted"column,it
means that the cocresponding provision of the Contract to whtch reference Es made is deEeted.
14
is 2, §3. DATES AND DEADLINES. (NOTE:Thls table may be omitfed if inapplicabte.]
16
17 Item'; j ; ;
�o ;Reference; Evetrt ; Date or DeadtMe IChange;Dafeted;
e;.v �_�...�__� -- .�__._�_ __�_______ __�_ ___....��_._.._�._._. _�__ .# .�.__��.. ._.....__...__._, _..�__. ._r. �_:- __.;
1 ',�4.2 Aliemstive Eamast Money Oead6na � E ; '
_w_�,._____„__.__ �____.�_ __.._�__.._._._�...�__�„W_.__... __ _.__._..._,..._._ __ __ _.._�_e_ ___._.._.
�Itle and Assoaladon Dacuments � °--,-._. __.._._� .. „
._..__ _.
z §�� R�ora�ine oaad�ne __._ _ _,., � T/�24/2012 _� „TUesday �
,eM __ ____�.__.. ___��___ ._ ��. .__...�._�_�_ .._
3 �§7Z � � ExcepUonsRequestDe�ciNne �7�Z4/20j2 Tuesday ; ��
_ .q �_.�.�
q ;§8.1 .._,_.._ � Record�tle Qb�ection 0eadllne -.��___ ____� __ nO CffBAQ@ i ; � t
_ .;� . _ ..._ _ __...__ �___ _ ._� r W_..._.��__,_____�...___._. __, �,�_._...r._._.._.___ ._. _m__�_m_. �__._.--,e __,. __z
5 ;§8.2 orr-�cord�nueoeaaw�e T/2412012 ; Tuesdav ; €
��__� __ � �_.� __..__�� �._. .._ . .�_.�___ ..� . _ .._..._�,_�,.___ _. !G!
,,�._ _,.. _ ��.._�__ ..
6 :§8.2 Off-Record 1`d!e p6jecibn Oeadfine tip C/J8/Ig@ ; y�y :
� �
7 �§8 3 � T�te ResduUon 0eac#u�e_ • - 9!3l2012 �aonday
_�� __�. _�._ ___.__� _ �. _.. -.__�_....___� �.._ _ _ _ _.. ,__ _____� .____ �.._.._ _�.r m.. _.,�
8 j§7.3 AssotiattonOocumentsDesdl�ne j/P4/ZO'IY Tuesday :
AE41-1Q-11. AGREEMENT TO AMEND-EXTEND CONTRACT Page 1 of 3
Seller{s}Initials: � ��
CTMeContcscts.com-d?2012 CTM SoRwarc Cocp.
9 ;§7.3 Associatlon Documents 06Jec6an Qeadlhe no change �
_..; �.._ _ ° ....�._�_ �P<_�_�.. ,.__.e� W_� „_�__ .� ..._.,.,.. � ��.�. _.___._ ___ ; _._
__ � µ,._
i0 f§B.5 Right of First Refusal Dead{ine tI0 ChBA @ !
.....—. _. ...,._..,.____._._.-___.-...�.__. .,,,._�__�_�__.,._.__ . _. _..�_.. . ..._ _e._.....— ._....�, g —. '.�_... ... .._.._�_ �__s_ . :
-°ellers's Property btsctosure '
_ � _� _._ � _ .. _
11 ;§101 Seitets Property QFsctosu�e Oead6rse � na change ; �
_. . . ._.. _._ . �.._ ,_ � .. � . �._ ..__...
Laan and Credli �
_.. __. __ _ . -_� . .. _ ..__... _.. .�_ _ _. __....�.
12 §5 Loan AppltcaUon�eadiine no change �
. � _, ...�.. P.._._..
13 �§5 2 Loan Condttwr�s Deadlrne I!o Chdllg@ ��
�.___.
� x.._____ _ -.... _. _� _ _._ _. ..e _._....�.. _ _ _ .
14 ',§5,3 Buyer's Cred�t iniormalion Deadiu�e RO Cf1e9R�B � �
_ - } �. _____-_ >. ._
�
15 §5 3 Oisapprnval of Buyer's Ge�t Informairon Deadline € no change �
�. _ ... �.__._... .- _.._. �...._ ...._. _. _.
16 §5 4 Existing loan Documents�eadi{ne ttO CI18RgB �
_._ _
___�
17 _
§5 4 Exisdng Laan�acuments Ob�ection Deadl+ne 11C Ct18I1gC ; � �
___- __.______._._. _�__ _. �.., «.. � __r„ ��__ _ ---_,_ _ v . __. ,
18 ;§5 4 Loan Trensfer Appr�oval Deedline no chdnge { �
� _.._..._.._._.__. _._.. ._..._ _..._____.. _......_ ____..._ .. ____ . ;. _... ._. ._�.. ..__. _._...__ _.p , _ ..... :
ppraisal
_ , _ .�.�. .._._.._ .. �...�.. , . , ..,._4�.. ,.._._ ..__- __. _.�_ � _ _._ __ __
19 ;§6.2 Appraisal Readline RO Clic7R'.e °` ���� ..
_.. �_.._..,. _,._ . . �� ,�_. �. _..� .._ ., �,T .�.. ... �� �_�_.__. �_ . ,.�,_,. _. ____ . .. __��. _._
� ;
20 §6 2 Appraisal Objeciion Deadline �
.___._.,..,. .._ .. ._ ,_._ _... . ._. _, . _.
,�urvey
_.._ . ..,... _._._._..._. _._, ._. . .. ..
�__... .�-
_ ...._ __ � _. �. .... _.,,.- ____�_ ...
21 §B.1 CurreM Survey Deadfine Ii0 Ch�Ag@ ; �
22 §9.2 Current Sutvey ObjectiQn�eadfine �� � � �_— RO C/tall�,� ;_._. .._. .__ �
... . , __ ,...._._.__.� .. ,,_ _ , ._ ._g8 . .. _. _` ._ .
lnspectlon and Due B1lJgence
__ . �W..__.._� __...._�_.._ _._ __ ...__. .�., �....._. .� .._.. .. ._ ....�. '
. .__..,. �. — --r—
23 §iQ.2 Irtspedion ObJecqon Osadli�e AO ChBIlQE ; � ;
24 10 3 !ns ecElon Resolutlan Deadlirte fiQ ChBlt E
§ � g � �I
� ___ _ �
..._ �
25 §14 5 Property Insurance 06�ention Oeadline q0 ChaRQQ ���~
E __ - __ _.� �.. ..._.� �..._ _- � _... _, r�.___._ � � _..
26 §id 6 Due Dil�gence Documenfs Oel�very Deadlme no change � {�
2T §i0 7 �ue Oiligence 0ocuments o6jectwn Oeadtme y po ChdRge € � �
., . _• __
28 §f 0 8 Enwronmental inspechort ObJectlon Oeadline C852 3 4 " ��
_ ... . _ . . __ _.�_ .... �.t..._� _. � _ _... . .___�. _� , .. _ __.�_.g.._ ._.._�__ �,. ; . ;
29 §10.8 AOA Evaluailon QhJectlnn Deadline CBS2,3,4 no chan 2 ' �
30 §77 1 Tenant Estoppei Staieme�ts Deadtine CBS2 3 4 p0 ChBqt„fE �� �
. _ .,_.._ _.. .�.. __.... .._._ �
____�. . . ._ ��.. ' __'
31 §11.2 Tenant Estoppei Slatemehts Ohjectlon Deadline CBS2,3 � na change ��
i
_. .___, _ ...._.... . __ .. _... , _ ..,_. _ ..._....,,__ . ....._,..� _ .._.._ . . ,
ClosFag and Rassessfon
w. . ...,._ . ....___. _.... .. .......... .....__ . .,._.. .._.. . :_ ... ._ �_._.. __._._......._ .... _.
32 '§12 3 ` Closing Qate ' no Cf78lIy@ i ..__ ... _. � _ ..
_... — _ .� ..,_ . . . _ ._... _,___. .._ __,.. . _.._ ..... � ,;_ _.'
33 '§17 Possessbn Date no change �
. __ . _ _... . . _, _..
34 :§17 Possession T€me �
_. . �.e.—_ . _ _ .__. . __.�. ._P.___ �__ __ „ �_ .e.� � _ __ _ ...A� _
35 n/a n!a no change �
ss n!a n/a no chare�e
ie 3. Other dates or deadtines set forth In the Contract shali be changed as follows:
i9 n/a
za
zi 4. Additlonal amendments:
zz n!a
zs AA other terms and conditions of ti�e ConEract shatE remain the same.
Z4
This proposa{shalt expire uniess accepfed in writing by 5elfer and Buyer as evidenced by their signatures helaw and
Tuesday Juty 12,20t2
ZS the ofFering party to this document receives notice of such acceptance on or before Midnight MDT
Date Time
26
�� �itt/�tis (i�iS'�oeln (,�"
Date: 7h0/2Qi2
Za 8elter.Snowmass Holdings LLC
8y:Curtfs Ghisholm
29
AE4t-t0-t l. AGREEMENT TO AMEND-EJtTEND COMRACT Page 2 of3
Setter(s)Initiats: � ��
C7MeConttacts.com-�D2d t 2 CCM Soflware Corp.
ao Seiler. Date-
31 ,Lcs�e;li' .,2', � w�`; ��y � f'dC1�S;?.`�z�.
3 2 E ' �} '
���,�fi.', �:z ( ��'�.,�.� `.�..._Date: �^ ,;'� E`2.. x
Buyer:Pitkin County Baa �af Commissianers ��?`� ____
3s g :Authorized "
36 �/
s� Buyer. «�'t` �� Date: � !G��2/
38
39
AE41-10•11. AGREEMENT 70 AMENDIE)(TEND GONTRACT
AE4l-t0-31. AGREEMENT TO AMEND-EX'CEND CQNTRACT Page 3 of 3
Seller(s}initials: �' ��
C7MeContrrcts,com-�2at2 CTM SoRwarc Corp.
Aspen }+ Sothebys Aspen Snouvmass Sotheby's International Realty
Snowmass I nt4f�NIaaONnt REwN� Mark Natdeman
Fh: 970-429-3768 Fax: 970-920-9993
I he printed portions af this form,except differentiated additions,have been approved by the Colarado Reaf Estate
ammission AE41-10-11 Mandato 1-12
2 7NlS FORM HAS lMPt)RTANT l.EGA!CONSEQUENCES AND TN�PARTtES SHQULD CONSULT REGAL AN�
TAX OF2 OTNER COUNSEI.BEFQRE SfGNING.
3
4 AGREEMENT TO AMENDlEXTEND CONTRACT
5
� Data: 71Z512092
7
1. This agreement amends the contract dated 6119/2012 (Contract},between Snowmass Ho/dings
s LLC (Sa!!er},and Pitkin County Board af Commissioners (Buyer), relating to the sa(e and purchase of the
foElowing tegatty described real estate in the County of
s Pitkin,Colorado:
Subdivision.SNiE'LR-O-MESA Section: 14 Township:9 Range:&6 PROPERFY 1fV SECS 14 15 22 23 &
270FT9SR86WS2NW4
N2SW4 8 SW45W4 SFC 14-9-86 SE4 SZNE4 S2NW4 NW4SW4
SEC �5-9-86 NE4NE4 W2NE4 fVW4SE4 W2 SEC 22-9-86 LOTS 15
8 16 OF SEC 27-9-86 TNAT PT OF SE4NE4 IYE4SE4 LQTS 1 8 3
OF SEC 22-9-86 8 THE fVW4NtN4 8 SW4NW4 QF SEC 23-9-86
LYfNG NWLY FR(7M THE CTR C/NE OF THE CO RD AT PG&Q3
ALL tHAFPARFW2SE4& THE SW4NE4 SEC 94-9-86�YtNG W
OF A LilVE DESC AS BEG AT A PT WN THE NE CQR SEC 14-9-8&
BEARS tJ Z7 DEG ?8'5735 FT TN GONTFIYU/NG BY MlB TO A PF
ON THE N L/AfE OF SW4tVF4�F SAIQ SEC 14-9-86 SE4SW4 SEC
io 94-9-86 ALL TNAT PART OF THE NE4NW4 OF SEC 23-9-86
LY(NG IYWLY& WLY OF THE CO RD BK 977 PG 395 N2NW4&
NE4SW4 QF SEC 75-9-8&SK 2�9 PG 39 LESS TC1 SCARROW 9
AC 234164&LESS Tt)tN,4MSLEY 1 AG 234/647 tESS 3 TRACTS
K�NCE 2.95�!C PFRKIIUS 4.42 AC BRJNGAZE 2.2?AC LESS T�
LA GlQIA ETAL 4.57 AC CONT 2.68 AC TO MACKENZIE BK 238
PG 403 LESS THESE LOTS UY SNIEtD-Q-TERRRCES DEEDED
OUT 11V 9969 LOTS 15 178 22 24&35 LESS 158.05.4C TQ
WIENER BK 243 PGS 99-9t�9 LESS TO UTAH PROCESS AGENCY
R TRACT SlTURTED lN{VW4NE4 SEC 22-9-86 DESC BY MIB
C�11fT 5 AC IV!!L BK 26Q PG 9 LESS TQ MC ALLlSTER A PARCEL
IN LOT 16 SEC 2T-9-86
i 1 known as No. Tbd Rural Mountain Road Snawmass CC3 81654 (Property}.
iz
NOTE:If the table Is omitted, or if any item is teft btank or is marked in the"No Change"column,it means
i 3 po change to the corresponding pravision af the Contract.tf any item is marked in the"Deleted"column,it
means that the corresponding provision of the Gontract to whiah reference Es made is detefed.
14
i 5 2, §3. DA7ES AND[}EADLINES. (N07E: This Yabfe may be omitted if inappticab(e.)
16
_ _ _. ... . _.. . .. .. ....... _, _ __
17 Item
No. Reference Event Qate or Deadiine Change Deieted
�i §4•2 Attemative Eamest Money Deadiine �
it(e artd Association Documents
§7.1 Rewrd Title Deadline 818I2012 W ednesday
>3 §7-2 Facceptions Request Deadiine 8/$I20?2 Wednesday
§8.i Record TtUe Objection beadiine no change �
�5 §8•z Off-RecordTitla Deadiine SISl2U92 Wednesday {
6 §8-2 Off-Ftecord Tikle 4bjectlan Qeadiine no change �
�7 §8.3 litfe Resotc#iai Deadttne 9/6/2092 Thursday
8 §7.3 AssociaEro�documents Deadiine $!8/2012 Wednesdey
AE41-10-I l. AGREEMEI3'f TO AIvfEND-EX"f'Eir'D CONTFWCT Page I of 3
Selter(s)Fnitials: a�
CTMeContracts.com-6:20 t 2 CI'M Software Corp.
!9 §7.3 Association Documents Objection Deadline tT0 Chattge {r.Y
4Q §8•5 RightofF'ustRefusaiDeadGne &18/2U12 Wednesday
ellers`s Property Disclosure
91 §10•1 Setter's Property Disciosure Qeadiine nv change �
Loan and Credit
12 §5.1 Loan Apptication Deadline na chan B
'f3 §5.2 Loan CondiGons deadtine nD Chc7tt e
14 §5.3 Buyers Credit tnfarmatlon DeadGne tt0 Chan e
15 §5.3 Disapprovat of Buye�s Credif lnfortnation Deadtine It0 Chat7 2
16 �S.d Exisiing Loan Qocuments Deadtine Fto Chatt e
17 §5.4 Existing Loan Documents Qlajection Deadline Ro C(7ati e
i8 g 5.A Laan Transfer Approvat Deadiine no Gh2t� 8
ppraisai
7g §62 Appraisai deadiine f10 ChBtt @
2Q §6.2 Appraisai 06ject"son Deadiine Iip ChaPt e
t urvey
�1t §9•1 Currant Survey Deadiine no change ip1
2 §9.2 Curcent Suroey Objection Deadline ITO CJ18tp�e �
i r�spectian and Due Dii�gence
23 §�0.2 tnspection Objec&on D�adfirte no change �
2q §10.3 lnspection Resalution Dead6ne tTO Ghat1C�/@ �
25 §i4.5 Propert}r lnsurance dbjection DeadEine na change �
B �10.6 Due Diligence Qacuments Delivery fleadEine 818/2092 Wednesday
�27 �10.7 [h�e Diligence Dacumerrts ObjeeUon Deadli�e tio ctlange �
� 8 �'50.8 Environrnentat lnspection 06jection DeadEine CBS2,3,4
2g �1Q.8 AQA Evatuation Objeckiort Deadfir�e C8S2,3,4 RO C1Tc�n 2 '
�3Q §11.1 Tenant Estoppet Ststements Qeadline C852,3,4 no chan 2
i3t §f 1 2 Tenant Estopp�Statements t}bjection Deadf€ne CflS2,3, no Ch�nt�e
Clost�g and Rossessian
32 §12.3 Ctosing Date na ChBnge �
33 §17 Passession Date na change �
34 §17 Possession Time tt0 Change � . w
ss nf� nia no chan e
s r�ta nla no chan e
is 3. Other daies or deadtines set forth in the Contract shati be changed as fo�tows:
i9 nta
zo
zi 4. Additiona!amendmenis:
zz nta
z3 Atf othsr terms and canditions of the Cantract shal!remain#he same.
24
This proposai shail expire unless accepted in writing by SeAer and Buyer as evidenced by the+r signatures be(ow and
Thursday Ju1y 28, 2012
25 Ehe offering parry to this document receives notice of such acceptance on or befare 5:0(?PM MDF
Date Time
26
2� C�,u��is G��iis�r��t
Date: 71251ZU12
�� Seller.Snowmass Holdings LLC
By: Curtis Chisholrrr
29
' 3Q Se!ler:_____�_____.���_.�--� ��__�_��Date:��_____�_
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