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<br /> <br />Greg Hoag <br />June 10, 2009 <br />Page 3 <br /> <br />Terms of Proposal <br />Bolton & Menk, Inc. <br /> <br />The accompanying Proposal (hereinafter referred to as "Proposal") is subject to the following terms and conditions. <br />These Terms of Proposal (hereinafter referred to as "Terms") are an integral part of the Proposal as if stated directly <br />therein. No change or deviation from these Terms will be binding without the written approval of Bolton & Menk, Inc. <br />Such changes may require an adjustment in the proposed fee, schedule or scope of the Proposal. <br /> <br />A. Services: Bolton & Menk Inc. proposes to perform the services outlined in the Proposal for the stated fee arrangement. <br />Changes required by the Client or other controlling entities (regulatory agencies, contractors, courts, etc.) from the scope or <br />schedule of services described in the Proposal shall be considered "Additional Services" and will be invoiced on an hourly basis <br />in addition to the stated fee arrangement. <br /> <br />B. Information from Client: Unless otherwise stated, Client agrees to provide Bolton & Menk Inc. with all site information <br />necessary to complete the proposed services. This information should include current site property descriptions (from abstract, <br />title opinion or title commitment); other legal documents affecting the site; copies of previous surveys, maps, engineering <br />studies and plans; existing or required soils and geotechnical reports; governmental, regulatory and utility reviews and <br />determinations; and all other pertinent information. Client shall promptly inform Bolton & Menk Inc. of any alleged defects in <br />services provided or the project. <br /> <br />C. Access to Site: Unless otherwise stated, Client agrees to provide Bolton & Menk Inc. with access to the site, including <br />adjoining properties, for activities necessary for the performance of services. It is understood that in the normal course of work, <br />property damage may occur due to excavations, tree and brush trimming, marking lines, etc. The cost to correct resulting <br />damages has not been included in the fee. Bolton & Menk Inc. will take precautions to minimize damage due to these activities <br />and the Client agrees to reimburse Bolton & Menk Inc. for any costs associated with required restoration work. <br /> <br />D. Standard of Care: Professional services provided under this Agreement will be conducted in a manner consistent with that <br />level of care and skill ordinarily exercised by members of Bolton & Menk Inc.' s profession currently practicing under similar <br />conditions. Bolton & Menk Inc. makes no expressed or implied warranty with respect to its undertakings described <br />herein. <br /> <br />E. Certifications: Any certification provided by Bolton & Menk Inc. is a professional opinion based upon knowledge, <br />information and beliefs available to Bolton & Menk Inc. at the time of certification. Such certifications are not intended as and <br />shall not be construed as a guarantee or warranty. Bolton & Menk Inc. shall not be required to certify the existence of <br />conditions whose existence Bolton & Menk Inc. cannot reasonably ascertain. <br /> <br />F Project Approvals: Due to site limitations, code interpretations, regulatory reviews, political considerations and Client <br />directed design and improvements, Bolton & Menk Inc. makes no representations as to acceptability or approvability of the <br />project; or, zoning requests, permit applications, site and development plans, plats and similar documents. Payment of fees to <br />Bolton & Menk Inc. is not contingent upon project approval. <br /> <br />G. Opinions or Estimates of Project Costs: Where included as part of project scope or otherwise, opinions or estimates of <br />project cost will generally be based upon public construction cost information. Since Bolton & Menk Inc. has no control over <br />the cost of labor, materials, competitive bidding process, weather conditions and other factors affecting the cost of construction, <br />all cost estimates are opinions for general information of the Client and Bolton & Menk Inc. does not warrant or guarantee the <br />accuracy of construction cost opinions or estimates. Project financing should be based upon actual, contracted construction <br />costs with appropriate contingencies <br />