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Closing. Buyer agrees to repair any damage to the Property caused by such inspections and to return the Property to substantially the same condition as existed prior to such inspection. Buyer acknowledges that Buyer is purchasing the Property in reliance only on the representations of Seller set forth in Section 9, Buyer's inspection of the Property and Buyer's judgment regarding the sufficiency of such inspections and the condition of the Property as disclosed thereby. Buyer is not relying on any written or oral representations, warranties or statements that Seller has made except for the representations set forth in Section 9 of this Agreement. Subject to Buyer's right to terminate this Agreement pursuant to Sections 11, and 13, Buyer is purchasing the Property in "AS IS" condition relying only on the representations set forth in Section 9. on: 11. Buyer's Contingencies. Buyer's obligations under this Agreement are contingent a. the representations set forth in Section 9 being true, when made; b. the representations set forth in Section 9(b), 9(c) and 9(e) being true as of the Date of Closing; c. no third party having commenced, or overtly threatened to commence, an action against Seller between the date of this Agreement and the Date of Closing in which the third party asserts a claim that impairs the marketability of Seller's title to all or any portion of the Property or Seller's legal authority to convey title to all or any portion of the Property to Buyer; d. no party to an action described on Exhibit C having amended or overtly threatened to amend its pleadings between the date of this Agreement and the Date of Closing to assert a claim that impairs the marketability of Seller's title to all or any portion of the Property or Seller's legal authority to convey title to all or any portion of the Property to Buyer; e, Seller obtaining and recording either (i) a Directive of the Anoka County Examiner of Titles or (ii) an Order of the Anoka County District Court, directing the Anoka County Registrar of Titles to cancel the existing Certificates of Title for the portions of the Property that are registered property under Minn. Stat. Ch. 508 and to issue one or more new Certificates of Title for those portions of the Property showing Seller as the owner and containing no recitals or memorials other than the Permitted Encumbrances; and f. The Title Company's agreement to issue to Buyer, on the actual date of Closing, a 2006 ALTA Form Owner's Policy of Title Insurance subject only to a standard exception for matters that would be disclosed by an accurate survey of the Property and exceptions for Permitted Encumbrances. If one or more of these contingencies is not satisfied as of the Date of Closing, as the same may be extended pursuant to Section 5 above, Buyer may terminate this Agreement pursuant to Section 14. If, as of May 1, 2010, the transaction has not closed and Buyer has not given Seller a 2303766v8 8.