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|   | 03068238   04/09/2010 09:42 AMRF: $61.00       DF: $0.00      Page: 1 of 12Electronically recorded in Boulder County Colorado. Recorded as received. |
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| 1.   | Borrower is the borrower under a loan (the "Loan") evidenced by a Promissory Note dated August 11, 2005, in the original principal amount of $807,650.11 (the "Promissory Note"), and secured by a Deed of Trust in favor of Assignor recorded on August 23, 2005, in the records of the Clerk and Recorder's Office of Boulder County, Colorado (the "Official Records"), at Reception No. 2715644 with respect to the real property described therein (the "Property"). The Promissory Note, the Deed of Trust, all documents related thereto, and all amendments and modifications to any of the foregoing, are collectively referred to herein as the "Loan Property." |
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| 2.   | The terms of the Loan were previously amended by (a) an Extension of Deed of Trust and Security Agreement between Borrower and Assignor recorded on January 2, 2008 in the Official Records at Reception No. 2902922; (b) a Note and Trust Deed Modification Agreement of April 2008 between Borrower and Assignor recorded on July 22, 2008 in the Official Records at Reception No. 2944713; (c) a Note and Trust Deed Modification Agreement of August 2008 between Borrower and Assignor recorded on September 3, 2008 in the Official Records at Reception No. 2953018; (d) a Note and Trust Deed Modification Agreement of January 2009 between Borrower and Assignor recorded on July 22, 2008 in the Official Records at Reception No. 2985369; (e) a Note and Trust Deed Modification Agreement of May 2009 between Borrower and Assignor dated May 26,2009. |
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| 3.   | Concurrently herewith, Borrower has partially paid down the outstanding balance of the Loan to Assignor. As of the date hereof, the outstanding balance of the Loan, including accrued interest, is $653,020.53. |
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| 1.   | Borrower is the borrower under a loan (the "Loan") evidenced by a Promissory Note dated August 11, 2005, in the original principal amount of $807,650.11 (the "Promissory Note"), and secured by a Deed of Trust in favor of Assignor recorded on August 23, 2005, in the records of the Clerk and Recorder's Office of Boulder County, Colorado (the "Official Records"), at Reception No. 2715644 with respect to the real property described therein (the "Property"). The Promissory Note, the Deed of Trust, all documents related thereto, and all amendments and modifications to any of the foregoing, are collectively referred to herein as the "Loan Property." |
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| 2.   | The terms of the Loan were previously amended by (a) an Extension of Deed of Trust and Security Agreement between Borrower and Assignor recorded on January 2, 2008 in the Official Records at Reception No. 2902922; (b) a Note and Trust Deed Modification Agreement of April 2008 between Borrower and Assignor recorded on July 22, 2008 in the Official Records at Reception No. 2944713; (c) a Note and Trust Deed Modification Agreement of August 2008 between Borrower and Assignor recorded on September 3, 2008 in the Official Records at Reception No. 2953018; (d) a Note and Trust Deed Modification Agreement of January 2009 between Borrower and Assignor recorded on July 22, 2008 in the Official Records at Reception No. 2985369; (e) a Note and Trust Deed Modification Agreement of May 2009 between Borrower and Assignor dated May 26,2009. |
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| 3.   | Concurrently herewith, Borrower has partially paid down the outstanding balance of the Loan to Assignor. As of the date hereof, the outstanding balance of the Loan, including accrued interest, is $653,020.53. |
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|       5. | Borrower desires to provide Assignee assurances on certain matters with respect to the Loan as more particularly described herein. |
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| 1.   | Assignment. Assignor, as the present holder of the Promissory Note, the Deed of Trust and the other Loan Property, hereby assigns to Assignee the Loan Property, to have and to hold said Loan Property subject to the terms contained therein, together with all moneys now owing or that may hereafter become due or owing in respect thereof, and the full benefit of all powers, covenants and provisions contained therein. Assignor hereby grants and conveys to Assignee all of Assignor's interest under the Loan Property in the Property. Nothing in the foregoing or elsewhere in this Assignment is intended to alter, amend, or waive any enforcement rights against the Borrower or any other party named in any of the loan documents constituting the Loan Property. |
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| 2.   | Borrower Representations and Warranties. In order to induce Assignee to accept this Assignment, Borrower hereby represents and warrants to Assignee and Assignee's successors and assigns that (a) Borrower is the sole, absolute owner of the Property; (b) the documents constituting the Loan Property are each valid, binding, in full force and effect, and enforceable against Borrower in accordance with their terms, except to the extent enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting the enforcement of creditors' rights generally and by general equitable principles; (c) Borrower intends to fully satisfy its obligations in respect of the Loan Property, (d) except for the fact that the Promissory Note is past due, there are no existing defaults by Borrower under the terms of the documents constituting the Loan Property; and (e) Borrower has no defenses, set-offs, or counterclaims against Assignee (or any other holder of the Loan Property including, after the date hereof, Assignor) under any of the documents constituting the Loan Property. |
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|              |   |   |              |   |
|-------------------|--------|--------|-------------------|--------|
| /s/Duane A. Duffy |   |   | /s/ Glen E. Duffy |   |
| Duane A. Duffy    |   |   | Glenn E. Duffy    |   |
|              |   |   |              |   |

|           |   |   |            |   |
|----------------|--------|--------|-----------------|--------|
| /s/ James Ober |   |   | /s/ Luke Garvey |   |
| James Ober     |   |   | Luke Garvey     |   |
|           |   |   |            |   |

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