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5 .5 . Platting and Zoning Requirements. The Property must have received final plat approval by Indian River County and be unconditionally zoned for the purposes which Buyer intends to use the same, with all necessary classifications, variances, permissions and exceptions required for development, improvement and use of the Property, as intended by Buyer. If the Property or any parts thereof, are not thus platted or suitably zoned, or if variances from the existing zoning classification are required by Buyer, Buyer shall have the right to have the zoning classification or requirements changed, and take such action, including but not limited to, requests or approvals for rezoning submittals, zoning variances, environmental permits, water management district permits, concurrency determinations and reservations, and development agreements, as Buyer deems necessary. Seller shall execute whatever instruments are necessary and take whatever action is necessary and fully cooperate to assist Buyer in obtaining such rezoning or variances or other approvals. Seller agrees to cooperate with all State, Federal, and local governmental review procedures which are required as part of the local zoning process. Further, Seller agrees to timely execute the required documents in order to avoid delays in the local zoning process. If such rezoning or variance is denied then, at Buyer's election, this Contract shall terminate , and the Deposit shall be refunded to Buyer, unless Buyer waives such zoning requirements in writing. 5 . 6 . Brokerage. Both parties agree that Buyer and Seller hereby represent to each other that neither party has dealt with or engaged a broker with respect to the transaction contemplated herein. Each party hereby agrees to indemnify the other from and against any claim for brokerage commission or finder 's fee asserted by any other person, firm or corporation claiming by, through or under said party. 5 . 7. Seller Warranties . Buyer acknowledges that, except as expressly stated above, Seller has made no representations or warranties, written or oral, express or implied, with respect to the Property. During the period that this Contract is in effect, Seller shall maintain the Property in its current condition, reasonable wear and tear excepted . 5 .8 . Assignment. Buyer shall have the right to assign its rights and privileges under this Contract to any entity which controls, is controlled by or under common control with Buyer; provided , however, that such assignment shall not relieve Buyer of any obligations hereunder. 5 . 9 . Seller Not to Convey . Seller shall not convey any interest in the Property after the signing of this Contract without the prior joinder or written consent of the Buyer. 5 . 10. Extensions of Closing Date. Buyer shall have the unilateral and absolute right to exercise one thirty (30) day extension of the Closing Date . Buyer shall exercise the extension by providing at least three (3) days written notice to Seller. Any other extension shall be by mutual agreement of the parties. 5 . 11 . Headings : Entire Agreement; Governing Law. The headings contained in this Contract are for reference purposes only and shall not affect in any way the meaning or interpretation of this Contract. This Contract constitutes the entire agreement and supersedes all prior agreements and understandings, both written and oral , among the parties with respect to the subject matter hereof, 7