(3) THE OFFENSE DESCRIBED IN SUBSECTION (1)OF THIS SECTION SHALL NOT APPLY TO:
(a) AN ENTITY,OR ANY EMPLOYEE THEREOF ENGAGED IN HIS OR HER EMPLOYMENT DUTIES,THAT MANUFACTURES LARGE-CAPACITY MAGAZINES WITHIN COLORADO EXCLUSIVELY FOR TRANSFER TO,OR ANY LICENSED GUN DEALER,AS DEFINED IN SECTION 12-26.1-106 (6), C.R.S.,OR ANY EMPLOYEE THEREOF ENGAGED IN HIS OR HER OFFICIAL EMPLOYMENT DUTIES,THAT SELLS LARGE-CAPACITY MAGAZINES EXCLUSIVELY TO:
(I) A BRANCH OF THE ARMED FORCES OF THE UNITED STATES;
(II) A DEPARTMENT,AGENCY,OR POLITICAL SUBDIVISION OF THE STATE OF COLORADO,OR OF ANY OTHER STATE,OR OF THE UNITED STATES GOVERNMENT;
(III) A FIREARMS RETAILER FOR THE PURPOSE OF FIREARMS SALES CONDUCTED OUTSIDE THE STATE;
(IV) A FOREIGN NATIONAL GOVERNMENT THAT HAS BEEN APPROVED FOR SUCH TRANSFERS BY THE UNITED STATES GOVERNMENT;OR
(V) AN OUT-OF-STATE TRANSFEREE WHO MAY LEGALLY POSSESS A LARGE-CAPACITY MAGAZINE;OR
(b) AN EMPLOYEE OF ANY OF THE FOLLOWING AGENCIES WHO BEARS A FIREARM IN THE COURSE OF HIS OR HER OFFICIAL DUTIES:
(I) A BRANCH OF THE ARMED FORCES OF THE UNITED STATES;OR
(II) A DEPARTMENT,AGENCY,OR POLITICAL SUBDIVISION OF THE STATE OF COLORADO,OR OF ANY OTHER STATE,OR OF THE UNITED STATES GOVERNMENT;OR
(c) A PERSON WHO POSSESSES THE MAGAZINE FOR THE SOLE PURPOSE OF TRANSPORTING THE MAGAZINE TO AN OUT-OF-STATE ENTITY ON BEHALF OF A MANUFACTURER OF LARGE-CAPACITY MAGAZINES WITHIN COLORADO.