14. Right to Repurchase. At the Closing, the parties shall record a ocument terminating Sathcupa’s right to repurchase as set forth in the First Amendment to Covenants, Conditions and Restrictions, recorded on December 17, 2002, Book 3985, Page 262, in the Yavapai County Recorder’s Office and the Corporation Special Warranty Deed, recorded on September 11, 1998, Book 3600, Page 519, in the Yavapai County Recorder’s Office, and terminating Sathcupa’s right of first refusal as set forth in Section 7.3 in the Old CC&Rs. In its place, YC shall grant Sathcupa a right to repurchase the YC Property if YC elects to sell the YC Property. YC shall notify Sathcupa of its intent to sell the YC Property at least 45 days before•entering into any binding agreement to sell the YC Property to any third party, and Sathcupa shall have the right, within 30 days thereafter, to purchase the YC Property for the 96% of fair market value as determined by an appraisal reasonably approved by YC and Sathcupa (“Repurchase Price”). If Sathcupa does not timely or properly exercise its right to repurchase, YC may for one year thereafter sell the YC Property to any third party for the Repurchase Price (or greater), without any further rights of Sathcupa to purchase the YC Property. If YC does not sell the YC Property for the Repurchase Price (or greater) before the expiration of that one-year period, Sathcupa’s right to repurchase shall be reinstated, and (a) a new appraisal and (b) new notice from YC to Sathcupa shall be required before YC may sell the YC Property.

17. Option to Purchase Additional land. Sathcupa hereby grants YC an option to purchase the corner parcel bordered by Highway 89A, Cultural Park Place and the Sathcupa Exchange Parcel, as depicted on Exhibit B (the “Option Parcel”). YC may exercise this option by giving written notice to Sathupa on or before 60 days after the Closing Date (the “Option Deadline”). If YC fails to exercise this option on or before the Option Deadline, the option will lapse. The purchase price for the Option Parcel shall be fair market value as determined by an appraisal, but in no case less than One Million Five Hundred Thousand Dollars ($1,500,000), reasonably approved by YC and Sathcupa and with an effective date within 60 days of the Option Deadline. If YC exercises the option, the parties will enter into a written agreement that will set forth the closing date, the purchase price (based on the appraisal), the title and property review period, the closing cost allocations, and any other standard provisions customary and necessary for such a purchase and sale. YC’s purchase shall be subject to any current lease(s) with tenants encumbering the Option Parcel. A separate escrow shall be opened with Stewart Title & Trust of Phoenix, Inc. for the sale of the Option Parcel.