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promptly when due for all work performed on the Property by Purchaser, or at
<br />Purchaser's instance or request, including, without limitation, all inspection fees,
<br />appraisal fees, engineering fees and other expenses of any kind incurred by Purchaser
<br />relating to the inspection of the Property, all of which shall be the sole expense of the
<br />Purchaser. Any and all liens, whether threatened or actually filed, against any portion of
<br />the Property resulting from Purchaser's inspection of the Property, or as a result of work
<br />performed or materials supplied at Purchaser's instance or request, shall be satisfied and
<br />removed by Purchaser within five (5) business days after notice thereof is given to
<br />Purchaser. Purchaser shall indemnify, defend, protect and hold Seller harmless from any
<br />claims, injuries, losses, liens, judgments, liabilities, damages or expenses (including
<br />reasonable attomey's fees and costs) arising out of or incurred in connection with the
<br />activities of Purchaser, its agents, designees, or representatives, including entering onto
<br />or otherwise inspecting the Property hereunder, or arising from or in connection with any
<br />and all mechanic's liens and physical damage to property or persons arising out of any
<br />such entry by Purchaser or its agents, designees or representatives. The indemnification
<br />obligation of Purchaser hereunder shall survive the termination of this Agreement.
<br />4.1.2 If on or before the expiration of the Examination Period, Purchaser
<br />determines for any reason or for no reason not to proceed with the acquisition of the
<br />Property, Purchaser may elect by written notice to Seller given on or before expiration of
<br />the Examination Period to terminate this Agreement, and upon giving such notice this
<br />Agreement shall terminate, the Deposit shall be returned to Purchaser by the Title
<br />Company, and the parties shall be released of all further obligations under this
<br />Agreement, except for those obligations which expressly survive termination hereof. If,
<br />however, Purchaser fails to give such notice, then the condition precedent set forth in
<br />Section 4.1 shall be deemed satisfied and this Agreement will continue in full force and
<br />effect. Upon termination of this Agreement, Purchaser will deliver to Seller all reports,
<br />studies, and similar documents (except for financial analysis prepared by Purchaser for
<br />the Property which are considered proprietary and shall not be provided to Seller by
<br />Purchaser) prepared for or by Purchaser concerning the Property at no cost to Seller and
<br />Seller may use such work product for any and all purposes.
<br />4.2 Title Documents. Purchaser shall have thirty (30) calendar days after Purchaser's
<br />receipt of the Title Documents and Survey to object, in a writing delivered to Seller, to any
<br />matters shown on the Title Documents. Purchaser shall have thirty (30) calendar days after
<br />Purchaser's receipt of the ALTA survey(s) as contemplated in Section 2.1 above in which to
<br />object, in a writing delivered to Seller, to any matters shown on the Survey. If Seller is willing to
<br />cause the cure or removal of any of the matters to which Purchaser objects upon terms acceptable
<br />to Purchaser in Purchaser's sole and absolute discretion, which cure may, with Purchaser's
<br />consent, include insuring over such objectionable title matters, then Seller shall so notify
<br />Purchaser within ten (10) calendar days of Seller's receipt of Purchaser's notice. If Seller does
<br />not respond, or chooses not to cure or remedy all of Purchaser's objections, or if Seller is unable
<br />to remove any such matters, Purchaser may elect either: (a) to terminate this Agreement by
<br />delivery of written notice to Seller within ten (10) calendar days after Purchaser's receipt of
<br />Seller's notice and receive a full refund of the Deposit from the Title Company; or (b) to modify
<br />such objection and to complete the transaction as otherwise contemplated by this Agreement,
<br />with any reduction of the Purchase Price as may be mutually agreed upon by Purchaser and
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