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JUL-18-1997 12: 14 FROM 7 ELEUEN SERUICE CTR TO E703991 P.02 (b) Right of Inspection. For sixty (60) days from the effective date of this merit ("Review Period"), BUYER and its representatives shall have the right to (i) enter upon the Property to conduct investigations, at its sole cost and expense, to conduct soil tests, soil logs, percolation tests, environmental tests and other inspections, tests and surveys concerning hazardous materials, wetlands, American Disabilities Act Compliance; a study of the availability of utilities, drainage, access, and sewer facilities, and other conditions affecting the suitability of the Property for BUYER's intended use and ii) to review all information supplied by SELLER pursuant to 7(a) above. If in BUYER's sole judgment, the results of(i) or (ii) indicate that the Property is not suitable for the BUYER's intended use, BUYER may, prior to the expiration of the Review Period, terminate this Agreement by providing SELLER with a written notice of termination. Upon SELLER's receipt of the notice of termination, this Agreement shall be deemed null and void with neither party having any further rights, obligations or liabilities hereunder. (c) Zoning, Permits and Licenses. BUYER shall have one hundred and twenty (120) days (the "Permitting Period") from the date of execution of this /agreement to apply for and obtain all necessary building permits, zoning, and licenses necessary for BUYER's intended use. BUYER shall make a formal application for all necessary permits, zoning, and licenses within the first seventy (70) days of the Permitting Period. If allowed, BUYER will concurrently apply for the building permit. if the building permit cannot be applied for concurrently, BUYER shall apply for it within five (5) working days of the issuance of the use permit. BUYER shall diligently initiate and pursue those application processes, at BUYER's sole cost and expense. BUYER may, at any time prior to the expiration of the Permitting Period, receive a forty-five (45) day extension by payment to SELLER of the First Extension Fee. The payment of the First Extentsion Fee shall be non-refundable and applicable toward the Purchase Price. BUYER may receive an additional forty-five (45) day extension to the Permitting Period by payment to SELLER of the Second Extention Fee for the second extension period which shall be non-refundable and applicable toward the Purchase Price_ If BUYER is unable to obtain the necessary permits, zoning and licenses within the Permitting Period and any extensions thereof through no fault of BUYER, then BUYER may elect to either (i) waive the contingency by notifying SELLER in writing prior to the expiration of the Permitting Period or any extensions, and proceed to Closing as provided elsewhere in this Agreement, or (ii) terminate this Agreement by providing SELLER with a written notice of termination. Upon SELLER's receipt of the notice of termination, this Agreement shall be deemed null and void with neither party having any further rights, obligations or liabilities hereunder. (d) SELLER's Repair Obligation. Seller shall not have any obligation to make any repairs to the Property. (e) BUYER's PaYment/Repair Obligations. BUYER shall be wholly responsible for the payment of all fees, costs or other charges assessed by or to