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utilities necessary for Buyer's ttended use of the Prinerty, 'Buyer acknowledges
<br />and agrees that Seller has not made any covenants„ representations or vvarrarlies
<br />regarding Bayer's .ahility to obtain govutuncnnal approvals front the (.'.ty" („,Ir
<br />Ramsey or any other governmental entity. The of Ramsey review.
<br />.consider arid act on Lfl> applicatiorts Buyer submits tr.) the City for governmental
<br />approvals in accordance with C'ity Code,
<br />b„ Buyer may, it any time on01 before ,5:00 p.m, on the last day of the Inspection
<br />Period, terminate the. A,grecinentb),' written notice to Solder bast...xi on libyer's
<br />rigkrill illation, in Buyer's sole and itbsulute discretiOn, that the eOrtrlititgl of the
<br />Property is no suitable .1Or Buyer's intended 'LiSe or that Buyer bray 1111 be able to
<br />obtain all governmentalapprovals and utilities necessary .17or Buyer's intended use
<br />of the Property. In addition,. this Agreement ,autematically terminates ol5;00 piii
<br />on the last day of the Inspection Period unless,. prior to that time l'Ini.yer delivers a
<br />vvritten :notice of Buyer's intention to proceed (a "Notice to Procecrf) to Seller.
<br />e. Id; pursuant to Section 9(1.7,) either Buyer terminates this Agreement or this
<br />Agreement is. automatic,ally terminated, the Escrow Agent moirst disburse tci, Buyer
<br />any Earnest Nkrney Esen...nv Agent holds,
<br />10. DEEM ON S. As used in this Agreement
<br />"Claim" or "Claims" means nyand all liabilities, suits., claims, cournerclaims„ causes of
<br />action, („leiyiands, penalties, debts, obligations, promises, acts, 'firies„ Judgments,. damages,
<br />Lear damages, losses, costs,. and ,expenses of every idnd (Mcluding without
<br />limitation any attorneys lest COnStiltarh'S ees, cost, remedial action eosts,..cleantip costs
<br />'and expenSeS vI eI i tflay he related to any elaiinS).
<br />"Environmental 1,41.11/'" means the Comprehensive Environmental Response.
<br />(,:ornpensaticin and I....lability Act ("CER(LA"), 4.2 96tI1 et seq,, the Resource
<br />C'onservation and Recovery Act, 42. 690i et se., the Federal Walter Pollution
<br />Control Act (the ('.1 ea n Water Act). .33 IJS.C§ I '2,51 et !Seq.. the, Clenti Air .A et, 42
<br />7.401 et seq., and .the "Fmk, Substances Control Aet, 15, § "2601 et seq., All AS
<br />amended, from time to 'firm:, and any other federal, state, local or ()filer governmental
<br />statute, regulatMn, rule, law or ordinance dealing vltI1 he protection of human health.
<br />safety, natural resources t.ir theenv ironinent rmw ex i.st ing or hereafter enacted
<br />"Illazardons Substance" or "Elazarthous Substances" ineans any pollutant, contaminant,
<br />hazardous substance or waste, SON WaSie, petroleunt prOdUCtt,, dstil kile, (:tr fraCtiOn.
<br />radiOaCtiVe MalVria 1, eltternical known to CAtise Caneer Or reprOCILICtlVe toxicity,
<br />polychlorinated biphenyl or any other encirtical„ substance or materMI fisted or identified
<br />regulated by any Environmental
<br />11. REI..,,EASE,1 y accepting the deed to the Property„„litiyer„ for itself, its directors,
<br />ofticers, stockholders, (divisions, agents, al filiates,. subsidiaries, predecessors, successors„
<br />and ASS igns and as ri,,,one, acting on its behalf or their behalf hereby Fully releitses, and
<br />Iiio 5 ot 1t
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