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ADDENDUM TO VACANT LAND CONTRACT I . A. TOTAL PURCHASE PRICE . The Total. Purchase Price of $665 ,000 . 00 ($ 163 ,390 . 66 per acre) is based on acreage estimates utilized in the appraisals obtained by the Buyer : including a total acreage of approximately 4 . 07 acres . This Agreement is contingent upon approval of the survey by Buyer. 2.A. ADJUSTMENT OF TOTAL PURCHASE PRICE. If, prior to closing and after review of the survey, environmental assessment or title, Buyer determines that the property contains less than 4 . 07 acres, the Total Purchase Price stated in paragraph I .A. shall be reduced in a pro rata amount commensurate with the decrease in the actual acreage. If , after review of the survey, environmental assessment or title, Buyer determines the Total Purchase Price exceeds the final County approved appraised value of the Property, or if the survey reveals less than 3 . 50 acres, Buyer shall, in it' s sole discretion, have the right to terminate this Agreement by written notice to Seller and neither party shall have any further obligations under this Agreement. 3 .A . ENVIRONMENTAL SITE ASSESSMENT. The Buyer may, at its expense and prior to the end of the Feasibility Study Period, conduct an environmental site assessment of the Property which meets the standard of practice of the American Society of Testing Materials (" ASTM ") . The examination of hazardous materials contamination shall be performed to the standard of practice of the ASTM, Practice E 1527 . For purposes of this Agreement "Hazardous Materials " shall mean any hazardous or toxic substance, material or waste of any kind or any other substance which is regulated by any Environmental Law (as hereinafter defined in paragraph 4 .A.) . Any issues which arise from such use will be addressed in Buyer' s review of the environmental site assessment under paragraph 4 .A . hereof. 4 .A. HAZARDOUS MATERIALS . In the event that the environmental site assessment provided for in paragraph 3 .A. confirms the presence (or significant risk of the presence, as determined in Buyer' s sole discretion) of Hazardous Materials on the Property, Buyer, at its sole option, may elect to terminate this Agreement and neither party shall have any further obligations under this Agreement. Should Buyer elect not to terminate this Agreement, Seller shall , at his sole cost and expense and prior to the exercise of the option and closing, promptly commence and diligently pursue any assessment, clean up and monitoring of the Property necessary to bring the Property into Poll compliance with any and all applicable federal, state or local laws, statutes, ordinances , rules, regulations or other governmental restrictions regulating, relating to, or imposing liability or standards of conduct concerning Hazardous Materials ("Environmental Law") . However, should the estimated cost of clean up of Hazardous Materials exceed a sum which is equal to 5 % of the Total Purchase Price as stated in paragraph 1 . A. , Seller may elect to terminate this Agreement and no party shall have any further obligations under this Agreement. 1A thp cirentthat Llazar-dQIN Mgtcrials plaaed OP IhG P ort. , .."; tLe plosipwand APLATerar QPJ rerwalingf th dQVJ !1 soribQd ; n paragraph Q of this A gryg. wN4 p F h p /t gil : atl . _ai44 plisL. 41. 0 GleaR up lse4lef's Sale eest and 12/ 10/04 Page 1