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Addendum to Purchase . Contract. (1 ) Feasibility Study. Buyer will, at Buyer's. expense on . or. before August 21 , 2012 ("Feasibility Study Per<od j , determine, whether the Property is suitable and acceptable , in Buyer's sole and, absolute discretion , for governmental use. During the Feasibility Study Period , Buyer . may conduct a : Phase I environmental. assessment, an appraisal and any other tests ; analyses, surveys and investigations Cinspections') that Buyer deems necessary to determine .to Buyer's satisfaction the Property's. engineering , architectural and environmental properties; zoning and zoning restrictions; subdivision statutes; soil and . g faded . availability . of access to public roads, water, and other utilities; consistency . with .local, :state.: and regional1 growth; 4mahagement plans;: availability of permits, government approvals, and licenses;: and other inspections that Buyer deems appropriate to determine the Property's suitability and acceptability for the Buyer's intended use. Seller gives Buyer, its agents ; contractors and assigns, the right to eater the Property at any time during the Feasibility Study Period for the purpose of conducting inspections; provided , however, that Buyer, its agents, contractors and assigns enter the Property and conduct inspections at their own risk. Buyer will indemnify and hold Seller harmless from losses , damages, costs, claims and expenses of any nature , Including attorneys' fees, expenses and liability .incurred :in application for rezoning or related proceedings, and from liability to any person , arising from the .conduct of any and all inspections or any work authorized by Buyer. Buyer will not engage in any activity that could result in a construction lien being filed against. the Property without Seller`s prior written consent If this transaction does not close, Buyer will , at Buyer' expense, (1 ) repair all damages to the Property resulting from the inspections and return the Property to the condition it was in prior to conduct- of the inspections, and (2) release to Seller all reports and other work generated as a result of the inspections. Buyer will deliver written notice to Seiler prior to the expiration of the Feasibility Study Period of Buyer's determination of whether or not the Property is suitable and acceptable . . . Buyer's failure to comply with this. notice requirement will constitute aoceptance of the Property as suitable for Buyer's intended use In its "as le condition. If the Property is unacceptable to Buyer and written notice of this fact Is timely delivered to Seller, this Contract wiii be deemed terminated as of the day after the Feasibility Study period ends and Buyer's deposit(s)- will be returned after Escrow Agent receives . proper authorization from all interested parties. ju IRC 375