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• E. Owner responsibilities <br /> 1. Authorize and pay for the following: <br /> • Conceptual preliminary plat <br /> • Boundary survey <br /> • Soils tests <br /> • Phase I environmental study <br /> • Permit EDA to install/maintain signs for marketing purposes <br /> • Provide evidence of title (abstract or title commitment) <br /> • Provide any additionally required environmental investigations <br /> • Refer potential buyers to EDA <br /> • Cooperate with EDA <br /> • No private broker listings <br /> 2. Sell property legally described and depicted on attached exhibits (See Section <br /> II)to any cash Buyer found by EDA, or the EDA itself <br /> 3. Execute Purchase Agreement in the attached form (See Section III) <br /> 4. Sell property for price as set out in Price Schedule attached (See Section IV) <br /> 5. Comply with terms of Purchase Agreement <br /> F. Termination <br /> 1. Termination by X date if certain conditions/goals not met <br /> 2. Termination by X date if no infrastructure development has begun- include <br /> provision for extension <br /> 3. If no Purchase Agreement entered into by X date <br /> iG. Effect of termination <br /> 1. Rights of parties <br /> 2. Allocation of monies <br /> H. Assignment <br /> I. Indemnification <br /> J. Parties not partners <br /> K. Insurance requirements <br /> H. LEGAL DESCRIPTION AND MAP <br /> III. PURCHASE AGREEMENT—with Buyer/User (or EDA) <br /> A. Purchase price according to price schedule attached (See Section IV) <br /> B. Amount of earnest money <br /> C. Method and timing of final payment <br /> D. Timing of delivery of possession <br /> E. Pre-Closing Documentation <br /> 1. Survey <br /> • party responsible to provide survey <br /> • party with rights to review survey and object thereto <br /> • method for objections <br /> • procedure to answer objections <br /> • • rights and obligations of parties if objections are not satisfied <br /> PhillA 525135.1 Page -2- <br />