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applicable towards payment of the Purchase Price. Failure by Buyer to pay the Extension Fee <br />when due constitutes a Buyer default under the Purchase Agreement. <br />4. On the first day of each month from and after the date of this Agreement, Buyer <br />shall provide to Seller a brief, written update as to Buyer's progress in securing financing and the <br />status of the architectural plans for Buyer's Project, as that term is defined in the Purchase <br />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 />4168209v2 <br />