Acknowledgement of Contract Assignment

In exchange for the compensation of ,

whose office at

conditional/contingent rights and interests in the below mentioned property to

which resides at

Property legally known as:

County: State:

Or by street address:

1. Assignee understands that Assignor still has obligations and liabilities under this

assignment making it conditional / contingent until obligations have been

fulfilled.

2. Assignee accepts delivery of any documents assignor has for the above

mentioned property dated .

Purchase Price

Earnest Money

Assignment Price

Cash at Closing

Total

(Amount)

has agreed to assign

(Assignee)

(Initials)

(Assignor / Buyer)

A. The Contract Purchase Price is . The date of Closing is

, the Possession Date is . Assignee agrees to pay

for the conditional/contingent rights and interests to

and in this contract. Any costs assignor is obligated to pay as stated in

the contract will be subtracted from the above compensation

amount.

B. Assignee has accessed / waives the right to access the property prior to

the signing of this document.

C. Assignee will deliver earnest money to the designated / authorized

holder as stated in the contract within 24 hours of execution of this

document. Failure to deliver earnest money within 24 hours will be

considered default of this agreement with assignment reverting back to

Assignor without further documentation. In this event, Assignor may triple

the amount of the earnest money within 10 days of default.

D. The Holder Is:

Closer:

Address:

Phone No.:

E. Earnest Money can also be delivered to Assignor, his representatives,

agents or any way he designates, verbally, electronically or in writing,

(Gregory D. Geller) whose office is at 155 S. Madison Street #306 Denver,

Colorado 80209

F. Assignee understands that at the sole discretion of Assignor, Assignee

may be required to close and fund property 1 business day prior to

(Initials)

closing date on contract or subsequent amendments and or extensions.

Assignee will be given not less than 7 days prior to close if the closing

date is advanced or delayed from the original contract closing date.

Title Company will hold funds and not disburse until closing is completed.

G. If closing does not occur by fault of seller only, Assignee acknowledges

that Assignor is to be held without liability. If Assignee does not intend to

pursue litigation in case of seller default, contract will revert back to

Assignor if assignor so elects with all things of value tendered by

Assignee considered forfeited.

H. Assignor is not practicing brokerage with for assignee

I. If any real estate professionals are in any way working with assignee,

delivering documents, aiding or assisting assignee in concert with this

assignment, assignee acknowledge the rights they have by law under

state real estate agency brokerage.

J. Assignee may not assign this contract without written permission of

Assignor.

K. Assignee acknowledges that exists in this transaction are the following

documents: Colorado Contract to Buy and Sell Real Estate, Mandatory

Lead Based Paint Disclosure, Contract Assignment, Acknowledgment of

Contract Assignment.

L. It is not the duty or responsibility of Assignor to verify, guarantee or

inspect any condition or due diligence that may exist for this property.

Furthermore, Assignee is responsible for independent verification of

source of water and square footage.

M.As a contingent/conditional assignment, assignor requires that assignee

cooperate in obtaining signatures on necessary addendum/extensions

after this document is signed. Assignor will furnish any extensions or

addendums to Assignee within 24 hours of required signature date. It is

wholly the right of Assignor to obtain extensions for closing if required by

current contract law and to maintain rights and ability to enforce the

contract.

N. This document is void without a fully executed Contract Assignment.

O. In the event assignee fails to close by fault of assignees only, Assignees

agree to tender to Assignor $10,000.00 no later than 3 business days after

scheduled closing date. If Assignee does not close by fault of Assignee,

rights and interests revert back to Assignor.

P. The seller or assignor is to hold $5,000 back until possession is given to the

assignee. If the assignee has not had possession by 08/20/2020, the

assignee is to be give the $5,000

Assignor: Assignee: Name:

Signature:

Date:

Signer:

Title:

Signature:

Date:

Signer:

Title:

Contract Assignment

I, , here by assign conditional/contingent rights and

interests for the property located at:

Property legally known as:

County: State:

Or by street address:

To the Assignee:

Name:

By:

Address:

Phone:

Assignor: Assignee: Name:

Signature:

Date:

Signer:

Title:

Signature:

Date:

Signer:

Title:

(Assignor / Buyer)