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existing or contingent, known or unknown, arising out of, resulting from or
<br /> relating to the condition of the Property, known or unknown, contemplated or
<br /> uncontemplated, suspected or unsuspected, including without limitation the
<br /> presence of any Hazardous Substance on the Property, whether such Hazardous
<br /> Substance is located on or under the Property or has migrated from or to the
<br /> Property.
<br /> 10. INSPECTION PERIOD.
<br /> a. Except as otherwise provided in Section 6, Buyer shall have from the date that
<br /> Buyer deposits the Earnest Money with Escrow Agent to February 28, 2017 (the
<br /> "Inspection Period")to investigate the Property and determine, in Buyer's sole
<br /> judgment, whether(i)the condition of the Property is suitable to Buyer's intended
<br /> use; and(ii) Buyer will be able to obtain all governmental approvals and utilities
<br /> necessary for Buyer's intended use of the Property. Buyer acknowledges and
<br /> agrees that Seller has not made any covenants, representations or warranties
<br /> regarding Buyer's ability to obtain governmental approvals from the City of
<br /> Ramsey or any other governmental entity. The City of Ramsey will review,
<br /> consider and act on any applications Buyer submits to the City for governmental
<br /> approvals in accordance with City Code.
<br /> b. Buyer may, at any time on or before 5:00 p.m. on the last day of the Inspection
<br /> Period, terminate the Agreement by written notice to Seller based on Buyer's
<br /> determination, in Buyer's sole and absolute discretion, that the condition of the
<br /> Property is not suitable for Buyer's intended use or that Buyer may not be able to
<br /> obtain all governmental approvals and utilities necessary for Buyer's intended use
<br /> of the Property. In addition, this Agreement automatically terminates at 5:00 p.m.
<br /> on the last day of the Inspection Period unless, prior to that time Buyer delivers a
<br /> written notice of Buyer's intention to proceed(a"Notice to Proceed") to Seller.
<br /> c. If, pursuant to Section 9(b) either Buyer terminates this Agreement or this
<br /> Agreement is automatically terminated, the Escrow Agent must disburse to Buyer
<br /> any Earnest Money Escrow Agent holds, other than Earnest Money Escrow Agent
<br /> is obligated to disburse to Seller pursuant to Sections 4(b) and(c).
<br /> d. During the Inspection Period, Buyer will conduct pre-leasing for the Property
<br /> (including the installation of a real estate sign), seek city approval of site plans
<br /> and proposed uses, apply for governmental approvals and entitlements,
<br /> commence negotiations with a source of financing, order due diligence items such
<br /> as survey, appraisal, environmental assessments, etc.
<br /> 11.DEFINITIONS. As used in this Agreement:
<br /> "Claim" or"Claims" means any and all liabilities, suits, claims, counterclaims, causes of
<br /> action, demands, penalties, debts, obligations, promises, acts, fines,judgments, damages,
<br /> consequential damages, losses, costs, and expenses of every kind (including without
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<br /> DOCS45557612-0
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