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Seller conveys Property to Purchaser in an "as is" condition, "where is" and "with all faults." Colorado <br />law requires that Seller disclose to Purchaser any latent defects actually known by Seller. Disclosure of <br />latent defects must be in writing. Purchaser, acting in good faith, has the right to have inspections (by <br />one or more third parties, personally or both) of the Property and Inclusions (Inspection), at Purchaser's <br />expense. <br />if an Inspection Objection is received by Seller, on or before Closing and if Purchaser and Seiler have not <br />agreed in writing to a settlement thereof on or before Closing this Contract will terminate unless Seller <br />receives Purchaser's written withdrawal of the Inspection Objection before Closing. <br />Purchaser, except as otherwise provided in this Contract or other written agreements between the <br />parties, is responsible for payment for all inspections, tests, surveys, engineering reports, or other <br />reports performed at Purchaser's request (Work) and must pay for any damage that occurs to the <br />Property and Inclusions as a result of such Work. Purchaser must not permit claims or liens of any kind <br />against the Property for Work performed on the Property. Purchaser agrees to indemnify, protect and <br />hold Seller harmless from and against any liability, damage, cost or expense incurred by Seller and <br />caused by any such Work, claim, or lien. This indemnity includes Seller's right to recover all costs and <br />expenses incurred by Seiler to defend against any such liability, damage, cost or expense, or to enforce <br />this section, including Seller's reasonable attorney fees, legal fees and expenses. The provisions of this <br />section survive the termination of this Contract. <br />Sel€er agrees to deliver copies of the following <br />Any and all existing documentation and reports regarding Phase I and iI environmental reports, letters, <br />test results, advisories, and similar documents respective to the existence or nonexistence of asbestos, <br />PCB transformers, or other toxic hazardous or contaminated substances, and/or underground storage <br />tanks and/or radon gas. If no reports are in Seller's possession or known to Seller, Seller warrants that <br />no such reports are in Seller's possession or known to Seller; <br />All permits, licenses and other building or use authorizations issued by any governmental authority with <br />jurisdiction over the Property and written notice of any violation of any such permits, licenses or use <br />authorizations, if any. <br />Purchaser has the Right to Terminate on or before Closing based on any unsatisfactory zoning and any <br />use restrictions imposed by any governmental agency with jurisdiction over the Property, in Purchaser's <br />sole subjective discretion. Purchaser has the right to obtain environmental inspections of the Property <br />including Phase I and Phase II Environmental Site Assessments, as applicable. Purchaser has the Right to <br />Terminate on or before Closing based on any unsatisfactory results of Environmental Inspection, in <br />Purchaser's sole subjective discretion. <br />CLOSING DOCUMENTS, INSTRUCTI0NS AND CLOSING. <br />Seller and Purchaser will cooperate with the Closing Company to enable the Closing Company to prepare <br />and deliver documents required for Closing to Purchaser and Seller and their designees. Seller will <br />5 <br />