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c. Buyer has had an adequate opportunity to inspect the condition of the Property,
<br />including without limitation any environmental testing, and to inspect documents
<br />applicable thereto, and Buyer is relying solely on such inspection and testing; and
<br />d. The condition of the Property is fit for Buyer's intended use.
<br />e. Buyer accepts all risk of Claims (including without limitation all Claims under
<br />any Environmental Law and all Claims arising at common law, in equity or under
<br />a federal, state or local statute, rule or regulation) whether past, present or future,
<br />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 />9. 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 November 3, 2026 (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 (including,
<br />but not limited to, approvals necessary to subdivide and re -plat the Property) and
<br />utilities necessary for Buyer's intended use of the Property. Buyer acknowledges
<br />and 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.
<br />10. 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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