ex103.htm


Exhibit 10.3


 



	
The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission.


(AE41-5-09) (Mandatory 7-09)












THIS FORM HAS IMPORTANT LEGAL CONSEQUENCES AND THE PARTIES SHOULD CONSULT LEGAL AND TAX OR OTHER COUNSEL BEFORE SIGNING.







AGREEMENT TO AMEND/EXTEND CONTRACT







Date: March 22, 2010







1.      This agreement reinstates and amends the contract dated June 29, 2007 (Contract), between William Blair Sylvester (Seller), and Claus Wagner, or assigns (Buyer), relating to the sale and purchase of the following legally described real estate in the County of Elbert, Colorado:







A 2017.175 acre parcel located in Sections 9, 15, 21, 22, Township 7 S, Range 58 W of the 6th PM,


Elbert County,


State of Colorado (Tax Schedule No. R115022) and







A 626.41 acre parcel located in Section 28, Township 7 S, Range 58 W of the 6th PM,


Elbert County,


State of Colorado (Tax Schedule No. R107046)







[NOTE: If any item is left blank or the term “No Change” is inserted, it means no change. The abbreviation “N/A” or the word “Deleted” means not applicable and when inserted on any line in Dates and Deadlines (§ 2.3) means that the corresponding provision of the Contract to which reference is made is deleted.]







2.      § 2.3.  DATES AND DEADLINES.  [Note: This table may be deleted if inapplicable.]


 



	
Item No.

	 	
Reference

	 	
Event

	 	
Date or Deadline


	
 1

	 	
§ 4.2.1

	 	
Alternative Earnest Money Deadline

	 	
N/A


	
 2

	 	
§ 5.1

	 	
Loan Application Deadline

	 	
August 1, 2010


	
 3

	 	
§ 5.2

	 	
Loan Conditions Deadline

	 	
December 1, 2010


	
 4

	 	
§ 5.3

	 	
Buyer’s Credit Information Deadline

	 	
N/A


	
 5

	 	
§ 5.3

	 	
Disapproval of Buyer’s Credit Information Deadline

	 	
N/A


	
 6

	 	
§ 5.4

	 	
Existing Loan Documents Deadline

	 	
N/A


	
 7

	 	
§ 5.4

	 	
Existing Loan Documents Objection Deadline

	 	
N/A


	
 8

	 	
§ 5.4

	 	
Loan Transfer Approval Deadline

	 	
N/A


	
 9

	 	
§ 6.2.2

	 	
Appraisal Deadline

	 	
November 1, 2010


	
10

	 	
§ 6.2.2

	 	
Appraisal Objection Deadline

	 	
December 1, 2010


	
11

	 	
§ 7.1

	 	
Title Deadline

	 	
August 1, 2010


	
12

	 	
§ 7.2

	 	
Document Request Deadline

	 	
N/A


	
13

	 	
§ 7.3

	 	
Survey Deadline

	 	
June 1, 2010


	
14

	 	
§ 7.4.4.1

	 	
CIC Documents Deadline

	 	
N/A


	
15

	 	
§ 7.4.5

	 	
CIC Documents Objection Deadline

	 	
N/A


	
16

	 	
§ 8.1

	 	
Title Objection Deadline

	 	
August 31, 2010


	
17

	 	
§ 8.2

	 	
Off-Record Matters Deadline

	 	
August 1, 2010


	
18

	 	
§ 8.2

	 	
Off-Record Matters Objection Deadline

	 	
August 31, 2010


	
19

	 	
§ 8.3.2

	 	
Survey Objection Deadline

	 	
July 1, 2010


	
20

	 	
§ 8.6

	 	
Right of First Refusal Deadline

	 	
N/A


	
21

	 	
§ 10.1

	 	
Seller’s Property Disclosure Deadline

	 	
N/A


	
22

	 	
§ 10.2

	 	
Inspection Objection Deadline

	 	
December 1, 2010


	
23

	 	
§ 10.3

	 	
Inspection Resolution Deadline

	 	
December 15, 2010


	
24

	 	
§ 10.5

	 	
Property Insurance Objection Deadline

	 	
N/A


	
25

	 	
§ 12

	 	
Closing Date

	 	
December 31, 2010


	
26

	 	
§ 17

	 	
Possession Date

	 	
At Closing


	
27

	 	
§ 17

	 	
Possession Time

	 	
5:00 PM







 




  





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3.      Other dates or deadlines set forth in the Contract shall be changed as follows:







4.      Additional amendments:







a. Buyer understands and agrees that the deposits previously paid to Seller have been forfeited.







b. Buyer understands there are no hunting leases on the Property.  Seller agrees to terminate the grazing lease with Triple R Partnerships on or before December 31, 2010.







c. Buyer agrees to provide a copy of the survey of the Property to Seller by the Survey Deadline.







All other terms and conditions of the Contract shall remain the same.







This proposal shall expire unless accepted in writing by Seller and Buyer as evidenced by their signatures below and the offering party to this document receives notice of such acceptance on or before March 26, 2010 at 5:00 PM.


.









	
Date:

	
March 22, 2010


	
Buyer’s Name:

	
Claus Wagner, or assigns







 



	  	  
	  	  
	
Buyer’s Signature

	  





 



	  	  	  
	  	  	  
	
Date:

	  	  
	
Seller’s Name:

	
William Blair Sylvester

	  
	  	  	  
	  	  
	
Seller’s Signature

	  














 


 


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