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DocuSign Envelope ID: 6C1 F13BE-6184-4A9A-A272-82BC3EC80567 C. All Earnest Money shall be applied to the Purchase Price to be paid by Purchaser at Closing, as hereafter defined, or disbursed as otherwise provided herein. 4. INSPECTION PERIOD; ENTITLEMENTS PERIOD. a. During the term of this Agreement: i. Purchaser, its employees, agents and designees, shall have the right of ingress and egress over and through the Property during normal business hours to perform any work deemed necessary by Purchaser to evaluate the Property. ii. Purchaser shall indemnify and hold Seller harmless from any liability arising out of the entry of Purchaser and/or Purchaser's agents or technical advisors on the Property prior to Closing, except to the extent that such liability arises out of any act or omission of Seller or the mere discovery of any pre-existing condition of the Property. iii. Seller shall cooperate with Purchaser by responding, to the best of Seller's knowledge, to all questions and inquiries made by Purchaser relating to the Property, by obtaining all documents that are reasonably necessary in Purchaser's opinion for Purchaser to evaluate the use of the Property as a self -storage facility, and by instructing its agents and advisors to disclose any information they may have pertaining to the Property. Seller agrees to provide to Purchaser within 5 days of a request therefor any affidavits or letters executed by Seller that may be reasonably required by the applicable governmental authorities and utilities to authorize Purchaser and its agents to sign and execute on behalf of Seller any documents necessary to initiate and pursue any rezoning, replatting and/or development of the Property. b. Purchaser, its employees, agents and designees, shall have the right to inspect the Property and all information related thereto for a period of 45 days commencing on the first business day after the Effective Date (the "Inspection Period"). Within 3 days following the Effective Date, Seller shall deliver to Purchaser those items listed on Exhibit B attached hereto and made a part hereof, which Seller has in its possession or which it may be able to reasonably obtain (the "Existing Due Diligence"). Seller acknowledges that the Existing Due Diligence is critical to Purchaser's inspections of the Property, and as a result, the Inspection Period will be extended automatically one day for each day that the delivery of the Existing Due Diligence is delayed past the required outside delivery date set forth herein. Seller shall have an obligation to continue to comply with disclosing any additional items of Existing Due Diligence to Purchaser promptly as they become available. Purchaser may elect not to buy the Property for any reason at all or for no reason during the Inspection Period by providing Seller with written notice of termination of this Agreement prior to the end of the Inspection Period. If Purchaser so elects to terminate this Agreement, then the Title Company, upon written demand by Purchaser (with a copy going to Seller), shall refund the Earnest Money to Purchaser promptly after receipt by Title Company of said written demand. Seller acknowledges that Purchaser will incur expenses in performing its inspections of the Property, and that Purchaser's expenses constitute good, valuable and sufficient consideration for this Agreement and the terms and provisions contained herein, including Purchaser's rights during the Inspection Period and the hereafter defined Entitlements Period. 2 DS PSA (Stockton, CA) 484A ;E_qnn 9:7;1944850-7309-8728.2