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2 <br />2.Amendments. The Development Agreement is hereby amended as follows: <br />a)Section 1.3, the text “Seventy Thousand Dollars ($70,000)” shall be deleted and <br />replaced with the following: “Eighty Thousand Dollars ($80,000)." <br />b)In Section 1.4, the text “One Million Five Hundred Thousand Dollars <br />($1,500,000.00)” shall be deleted and replaced with the following: “Two Million <br />Nine Hundred Thousand Dollars ($2,900,000.00).” <br />3.Entire Agreement; Conflict. Except as otherwise stated herein, all other terms, conditions <br />and agreements contained in the Development Agreement remain unmodified and in full force and effect. <br />To the extent a conflict exists between the terms of this First Amendment and the Development Agreement, <br />the terms of this First Amendment shall control. Capitalized terms used in this First Amendment will have <br />the meanings set forth in the Development Agreement unless otherwise stated herein. <br />4.Counterparts; Electronic or Facsimile Transmission. This First Amendment may be <br />executed in counterparts which, when combined, shall constitute one instrument. The electronic or facsimile <br />transmission of a signed counterpart of this First Amendment shall be binding upon the party whose <br />signature is contained on the transmitted copy. <br />Signature Page Follows