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11/30/2661 10:43 2094671 1B AGE STOCKTON PAGE 03 -11/J012001 10:12 20333W2 LODI RECREATIG* PAGE a3 on It, Pyrchaser may perform additional environmental studies on the Pro perty to determine more adequately the nature of the Property condition. In ardor (b) If Purchaser disapproves of the results of the environmental work, Purchaser may elect to terminate this Agreement and the escrow by giving Sellers written notification of Purchaser's election to terminate. All of Purchaser S deposited funds plus interim shall be retumed to Purchaser upon such termination. Sellers shall allow Purchaser to access the Property in order to perfbrm the environmental studies contemplated by paragraphs(a)and (b). (c) As a further condition precedent to closing, Sellers shall remove at their sale expense the c"in IInk fencing which extends around the perimeter of the Property. Sellers shall notify Purchaser when fencing is removed. (d) Purchaser upon being satisfied with the environmental condition of the property and being notilled by Sellers of the removal of the fencing shall no* the escrow holder that escrow is to clasm, ACCESS Pur0fifter and Purchasers contractors and consultants shall have the right, from the date of this Agreement until close of escrow, to enter onto the Property, at their own cost and risk, for any purposes, including but not limitad to, inspecting the Proparty, taking samples of the soil, and conducting an environmental audd (including an Investigatlon of post and current uses of the Property). In addition, Purchaser shall have the right to contact any federal, state, or local governmental authority or agency to Investigate any mattars relating to the Property. Sellers agree to cooperate reasonably with Purchaser in the inspection of the Property and agree to deliver to Purchaser all information in Sellers' possession or control pertaining to the condition of the Property, including engineering and environmental reports, studies, testa, monitoring results, and related documentation. TITLE (a) Immediately following the execution of this Agreement by both parties, Purchaser shall cause Esarow Agent to leaue to Purchaser (with a copy to Sellers) a preliminary report for a UTA owner's Policy for the Property, setting forth all liens, encumbrances, easementsT restrictions, conditions, pending litigation, judgments, administrative proceedings, and other matters affecting Sellers' title to the Property ("Preliminary Report"), together with copies of all documents relating to title exceptions referred to in the Prallminory Report. (b) Purchaser shall approve or disapprove each exception shown on the Prellminary Report and each encroachment, overlap, or boundary line dispute, or any other matter that materially and adversely afrects title to the Property or violates any law, male, or regulation reflected in the Preliminary Report (each err "Exception") within seven (7) days following the receipt of the Preliminary Report. Purchaser's failure to 2