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NOW THEREFORE, IN CONSIDERATION OF TEN AND 00/100 DOLLARS ($10.00) AND <br />OTHER VALUABLE CONSIDERATION, THE RECEIPT AND SUFFICIENCY OF WHICH <br />ARE HEREBY ACKNOWLEDGED, THE PARTIES AGREE AS FOLLOWS: <br />1. Donsffiop. Seller agrees to convey to Buyer and Buyer agrees to receive such <br />conveyance from Seller of the Subject Property on the terms and conditions set forth herein. <br />2, pnr mase Terms. The purchase price (the "Purchase Price") for the Subject <br />Property shall be $0.00. <br />3. co—sting-emeies. <br />(a) Seller Contingencies. Buyer acknowledges that Seller does not presently <br />own the Subject Property and that Seller's duties hereunder and Buyer's rights hereunder are <br />both expressly contingent upon the acquisition by Seller of the Subject Property. In the event <br />Seller does not acquire the Subject Property, from Current Owner this Agreement shall terminate, <br />and thereafter neither party shall have any further obligations hereunder. <br />(b) Buyer Contingencies. <br />(i) The representations and warranties of Seller set forth in this <br />Agreement must be true as of the date of this Agreement and on the Closing Date, <br />and Seller shall have delivered to Buyer at Closing a certificate dated the Closing <br />Date, signed by Seller, certifying that such representations and warranties are true <br />as of the Closing Date; <br />(ii) Buyer determining on or before the expiration of the Inspection <br />period that it is satisfied, in its sole discretion, with the results of matters <br />disclosed by Buyer's inspection of the Subject Property and the EA Reports; <br />(iii) Buyer determining that it is satisfied with the title to the Property; <br />(collectively the "Buyer's Contingencies"). Buyer shall use its best efforts to satisfy Buyer's <br />Contingencies prior to the Closing date. In the event that the Buyer's Contingencies are not met <br />by the date of Closing, Seller shall have the option to terminate this Agreement or extend this <br />Agreement by written notice to Buyer, which written notice shall specify the period of such <br />extension. In no event shall this Agreement be extended for more than six (b) months after the <br />Closing Date without a written amendment executed by both parties. <br />4. Condition of the Sub'ect Prone . <br />(a) Buyer agrees that from the Effective Date through, to and including <br />October 7, 2014, or such other date as provided herein (the "Inspection Period', Buyer <br />may: <br />178009v4 2 <br />