Houlton Farm Planning Committee Meeting 2015-03-20

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(i) make an independent investigation of the physical condition of the Subject Property including but not limited to, the condition of the soil, the presence of hazardous materials or contaminants, other physical characteristics, and compliance with any statutes, ordinances or regulations; (ii) study all aspects or circumstances of the Subject Property which Buyer deems material or relevant; and . (iii) make all inspections and verifications which Buyer deems necessary for the completion of Buyer's due diligence review for the transactions covered by this Agreement. Buyer shall be solely responsible for conductingan sole cost and expense, Seller has provided Buyer with a'P �� or tests r�� by law at its Prepared by Braun Intertec and an r hese 1 Environmental Site Assessment Should Buyer determine in its sole discretion resulting on�its �lestigati n of thnal studies e Subject Pro� ") and its review of the EA Reports that the condition of the Subject Pr JpY Buyer, prior to the expiration of theuyer y is unacceptable to its objections ("Objections"). In the event that SellerPeriod, unable to cause Bushall so fy Seller in writing of to be remedied, Buyer may elect to: (a) terminate this Agreement in which case Buyer shallObjectiohave no ns obligation to acquire the Subject Property, and the parties' obligations hereunder shall terminate or (b) Proceed to Closing, and accept title to the Pro not remedied. Buyer's failure to make timely Objections ones will co q'tu� Objection(s) �►' a oiver o sits rights which is to raise any objections hereunder and Buyer will accept title to the Subject o such conditions. Buyer may not disclose any information, including enrOnmentalblas subject t reports, Buyer obtains through the investigations and inspections performed in accordance with this Section unless required to disclose such required bylaw. information pursuant to a court order or as otherwise Before entering upon the Subject property to conduct the investigations Buyer shall notify Seller and Seller shall have obtained Current Owner's provided for herein; enter upon the Subject Property to conduct said invgations. If Buyer doession anyfor ex�Buyer bort Buyer agrees to restore the Subject proper, to its natural condition if Buyer's ac Subject Property is not consummated as .contemplated by this Agreement, quisition of the (b) Buyer agrees that Seller has made no representations or warranties with respect to the Subject Property except as set forth in this Agreement. (c) Buyer will not undertake any activity which will jeopardize Seller's efforts to acquire the Subject property, (d) Buyer agrees to accept the Subject Property "as is," in its present condition and/or as otherwise required pursuant to the terms of this Agreement, subject to 178009v4