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not be applicable towards payment of the Purchase Price. Failure by Buyer to pay the Extension <br />Fee when due constitutes a Buyer default under the Purchase Agreement. <br />4. Commencing on the first day of September and on the first day of each month <br />thereafter, Buyer shall provide to Seller a brief, written update as to Buyer's progress in securing <br />financing and the status of the architectural plans for Buyer's Project, as that term is defined in <br />the Purchase Agreement. <br />5. Except as expressly modified hereby, the terms and conditions set forth in the <br />Purchase Agreement shall remain in full force and effect. To the extent that the Purchase <br />Agreement and this Amendment conflict, the terms and conditions of this Amendment shall <br />govern and control. <br />6. This Amendment may be executed in two or more counterparts, each one of <br />which may be construed as an original. <br />[SIGNATURE PAGES TO FOLLOW] <br />2 <br />4168209v1 <br />