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201807561 neither the Seller nor any agent of the Seller has made any representations or warranties of condition to the Buyer. 13. Risk of loss to the personal property shall be upon Seller until the time of Closing and thereafter shall be upon the Buyer. Buyer shall purchase and maintain insurance coverage on the Property naming Seller as an additional insured beginning November 1, 2018 (Buyer's possession) until the Promissory Note between the Buyer and Seller is paid in full. 14. Seller and Buyer each agree that time is an essential element of this Agreement 15. The parties acknowledge that neither party has used a realtor or real estate broker licensed by the State of Nebraska in arranging this transaction and no commissions are payable by either party. 16. If Either Seller or Buyer breach this Agreement, then that breaching party shall be liable to the other in the amount of $1,000.00 as liquidated damages. 17. No merger; Entire Agreement. The terms, covenants, and conditions to be performed, or which may be performed, subsequent to the date of the closing shall survive the closing and thereafter continue in full effect and shall not merge with the deed. This agreement contains the entire understanding of the parties hereto with respect to the purchase of the subject property by the Buyer and supersedes all prior agreements and understandings between the parties with respect to such purchase. 18. All covenants and conditions herein contained shall extend to and be obligatory upon the heirs, assigns, and legal representatives of the parties here to and their estates. 19. This Agreement is subject to and shall be governed by and construed and enforced in accordance with the laws of the State of Nebraska, without regard to conflict of laws principles. All actions or proceedings arising directly or indirectly from this Agreement shall be brought in the State or Federal Courts located in Hall County, Nebraska. 20. Notice. All notices required to be given hereunder shall be in writing, and, if intended for Seller shall be served upon the office of the Seller and shall be mailed by registered or certified mail, postage prepaid, to the following address: Bosselman Energy, Inc. P.O. Box 1567, Grand Island, NE, 68802-1567. Page 3 of 5