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CONDITION BASED SOLELY ON BUYER'S OWN INSPECTION. 2. Purchase Price and Manner of Payment. The total purchase price ("Purchase Price") to be paid by Buyer to Seller for the Property shall be One hundred thousand Dollars ($1.00,000.00), which Purchase Price shall be payable as follows: (a) Earnest Money of $500.00 receipt of which is hereby acknowledged. (b) $99,500.00 by check on or before June 30, 2015 (the "Closing Date"). 3. Contingencies. The obligations of Buyer under this Agreement are contingent upon each of the following: (a) Representations and Warranties. The representations and warranties of Seller contained in this Agreement must be true now and on the Closing Date as if made on the Closing Date. (b) Title, Title to the Property shall be acceptable to Buyer in Buyer's sole discretion, in accordance with the requirements and terms of Section 6 below, (c) Performance of Seller's Obligations. Seller shall have performed all of the obligations required to be performed by Seller under this Agreement, as and when required by this Agreement. Included within the obligations of Seller under this Agreement shall be the following: (i) Seller shall allow Buyer, and Buyer's agents, access to the Property without charge and at all reasonable times for the purpose of Buyer's investigation and testing of the same. Buyer shall pay all costs and expenses of such investigation and testing. (ii) Seller shall execute such applications, covenants, plat or other documents as may be reasonably required by Buyer in order to make use of the Property which Buyer intends, (d) Testing. Buyer shall have determined, in its sole discretion, on or before the Closing Date, that it is satisfied with the results of and matters disclosed by soil tests, well tests, engineering inspections, hazardous waste and environmental reviews of the Property, all such tests, inspections and reviews to be obtained at Buyer's sole cost and expense. (f) Underground Storage Tanks. Seller shall have, at Seller's cost and expense, removed all underground storage tanks, if any, from the Property in the manner required by the Minnesota Pollution Control Agency, including any cleanup or remediation required by said agency, and shall have obtained a closing letter therefore from the Minnesota Pollution Control Agency.