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the first page of this Agreement, or such other address as is designated in writing by a party to this Agreement. 30 . SURVIVAL . The covenants , warranties , representations , indemnities and undertakings of Seller set forth in this Agreement shall survive the closing , the delivery and recording of the deed described in paragraph 9 of this Agreement and Purchaser' s possession of the Property . 31 . BARGAIN SALE . Purchaser acknowledges that it is Seller' s intent to effectuate a " bargain sale " of the Property, i . e . , a sale to a charitable organization at a price below fair market value wherein the difference is considered a charitable contribution under applicable sections of the Internal Revenue Code . Seller acknowledges that the substantiation of a charitable contribution deduction rests exclusively with Seller but for Purchaser' s execution of Internal Revenue Service Form 8283 . Purchaser agrees to provide copies of the appraisals obtained by Purchaser upon Seller ' s request after full execution of this Agreement . 32 . CONDITIONS PRECEDENT . Specific conditions precedent to the obligations of the Purchaser to perform under the terms of this Agreement, and which must be met prior to the end of the Inspection Period, are; (i ) approval of the transaction by the Indian River County Board of County Commissioners; (ii ) approval by North American Wetlands Conservation Act of the Corrigan Tract being used as a match ; and (iii ) approval by St. Johns River Water Management District of the use of the Corrigan Tract as a match for NAWCA and of the placement of a Notice of Grant on the Corrigan Tract; (iv) approval of this Agreement, and the Total Purchase Price, by Purchaser, (v ) confirmation that the Total Purchase Price is not in excess of the final County approved appraised value of the property ; (vi ) County approval of all documents to be furnished hereunder by Seller; and (vii ) availability of funding from the NAWCA grant . THIS AGREEMENT IS INITIALLY TRANSMITTED TO THE SELLER AS AN OFFER , IF THIS AGREEMENT IS NOT EXECUTED BY THE SELLER ON OR BEFORE , 2011 , THIS OFFER WILL BE VOID UNLESS THE PURCHASER , AT ITS SOLE OPTION , ELECTS TO ACCEPT THIS OFFER BY EXECUTING IT . SELLER UNDERSTANDS AND AGREES THAT THIS AGREEMENT SHALL BE FULLY BINDING UPON IT AS OF THE TIME OF EXECUTION BY SELLER, FOLLOWED WITHIN A REASONABLE TIME THEREAFTER (NO MORE THAN 45 DAYS ) BY EXECUTION BY INDIAN RIVER COUNTY . [SIGNATURE PAGES FOLLOW] SELLER PRESSLEY RANCH , INC Witness as to Seller Page 5