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If, in the reasonable judgment of the EDA the Phase I environmental assessment <br /> • and testing reveals the presence or contamination of any hazardous substances, or <br /> the possibility of the presence of contamination or hazardous substances, the <br /> Owners shall cause to be performed a Phase II environmental investigation, or any <br /> other environmental investigation, including on-site testing. Copies of all reports, <br /> test results and other materials produced by the environmental consultant in <br /> connection with the Phase II environmental investigation, or other environmental <br /> investigation, shall be provided and addressed to the EDA. <br /> g. Owners agree, at its sole cost and expense, to install such street and lateral utilities <br /> as are mutually agreed between Owners and EDA to be necessary for the <br /> development of the Property as an office/industrial park. <br /> h. Owners agree to sell the Property to the EDA or any other buyer found by the <br /> EDA according to the terms of the purchase agreement attached hereto as <br /> Exhibit B (the"Purchase Agreement"). The purchase price of the Property shall <br /> be as shown on the price schedule attached hereto as Exhibit C (the"Price <br /> Schedule) or such other price as may be agreed upon between the Owners and the <br /> purchasers. Owners agree to execute the Purchase Agreement within ten (10) <br /> days after written request by the EDA. The Owners agree to thereafter comply <br /> with the terms of the Purchase Agreement. <br /> • 4. EDA Obligations. g° <br /> a. The EDA agrees, at its sole cost and expense, withiry(20 business days of <br /> the execution of this Agreement to prepare a marketi 1 a master plan for <br /> the marketing and development of the Property. <br /> b. The EDA agrees to market the Property and to use its best efforts to procure <br /> buyers or lessees for the Property. <br /> c. The EDA hereby agrees, at its sole cost and expense, to develop and distribute <br /> marketing materials including, but not limited to, pamphlets, leaflets and <br /> explanations of economic incentives regarding the Property to be used by the <br /> EDA to procure buyers or lessees for the Property. <br /> d. The EDA hereby agrees to make an official announcement in the form of a news <br /> release regarding the plan for the development of the Property. <br /> e. Six months from the date hereof, and each six months thereafter during the term of <br /> this Agreement, the EDA shall provide a written report to the Owners regarding <br /> the status of the EDA's marketing efforts with respect to the Property. <br /> M <br /> PhillA 532765.2 3 <br />