Agenda - Economic Development Authority - 01/08/2015

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environmental suitability and riparian or other water rights. Seller shall allow Buyer, and Buyer's agents, physical access to the Property without charge at all reasonable times for the purpose of Buyer's Inspections. Buyer's Inspections will be conducted in a manner not unreasonably disruptive to the Property. Buyer shall further repair and restore any damage to the Property caused by or occurring during Buyer's Inspections and return the Property to substantially the same condition as existed prior to such entry. e. Due Diligence Documents. Buyer shall be satisfied, with Buyer's review and analysis of all of the Due Diligence Documents (as defined herein) and the information contained therein. Within sixty (60) days after the Effective Date, Seller shall provide Buyer with true, correct and complete copies of any and all property tax statements, drawings, repair and maintenance records, contracts, plans, reports, books, records, agreements, surveys, engineering and environmental reports and other reports and documents relating to the Property which are currently in Seller's possession or to which the Seller has reasonable access (collectively the "Due Diligence Documents"). f. Inspection and Due Diligence Investigation Period. Buyer shall be afforded a period of sixty (60) days beginning on the date the Seller delivers to Buyer all of , or the last of the Due Diligence Documents, (the" Due Diligence Period") to complete its inspections and due diligence investigations. If Buyer's inspections and due diligence investigations are not completed within the Due Diligence Period for no fault of Buyer, Buyer may request and Seller shall grant one (1) thirty (30) day extension of the inspection and due diligence period. g. Environmental. Seller shall, upon execution of this Agreement, and in any event within twenty (20) days thereafter provide Buyer with a complete copy of a Phase 1 Environmental Study Report. Buyer shall have sixty (60) days from the date of delivery to review this report and make any objections based on the information contained in the report. Buyer, may in its sole discretion, within that sixty (60) day period terminate this Agreement based on the information contained in the report. If Buyer determines that any additional studies are required, Seller will cooperate fully with Buyer's efforts to obtain such additional studies. h. Survey. Seller shall upon execution of this Agreement, and in any event within twenty (20) days thereafter, provide Buyer with an ALTA survey of the Property, clearly designating each of the three (3) parcels comprising the Property, showing the boundaries, encroachments, easements and all other matters usually and customarily shown in such survey. Buyer shall have sixty (60) days from the date of delivery to review this survey and make any objections based on the information contained in the survey. Buyer, may in its sole discretion, within that sixty (60) day period terminate this Agreement based on the information contained in the survey.