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P.053 18. First Right of Refusal to Purchase (a) LANDLORD shall not, at any time prior to the expiration of the term of this Lease, or any extension thereof, sell the PROPERTY, or any interest therein, without first giving written notice thereof to TENANT, which notice is hereinafter referred to as "Notice of Sale. " (b) The Notice of Sale shall include the exact and complete terms of the proposed sale and shall have attached thereto a photocopy of the bona fide offer and counteroffer, if any, duly executed by both LANDLORD and the prospective pur- chaser. (c) For a period of twenty (20) business days after receipt by TENANT of the Notice of Sale, TENANT shall have the right to give written notice to LANDLORD of TENANT'S exercise of TENANT'S right to purchase the PROPERTY, or the interest proposed to be sold, on the same terms, price and conditions as set forth in the Notice of Sale. In the event that LANDLORD does not receive written notice of TENANT'S exercise of the right herein granted within said twenty (20)-day period, there shall be a conclusive presumption that TENANT has elected not to exercise TENANT'S right hereunder, and LANDLORD may sell the PROPERTY, or the interest proposed to be sold, on the same terms set forth in the Notice of Sale, subject, however, to the TENANT'S right to continue to lease the PROPERTY pursuant to the terms and condi- tions of this Lease. (d) In the event that TENANT declines to exercise its right of first refusal after receipt of the Notice of Sale and, thereafter, LANDLORD and the prospective purchaser modify by more than 5%, (i) the sales price, (ii) the amount of down payment, or (iii) interest charged, or in the event that the sale is not consummated within 160 days of the date of the Notice of Sale, then TENANT'S right of first refusal shall reapply to said transaction as of the occurrence of any of the aforementioned events. (e) This First Right of Refusal shall not apply to any transfer of ownership amongst the immediate families of the LANDLORD. 6q� ?