Retained Townsite Lands at a purcha

Retained Townsite Lands at a purchase price and upon terms and conditions that are acceptable to the Vendor, acting reasonably. The Vendor agrees not to consider any other offer to purchase the retained townsite lands prior to the expiry of the 60 day period granted to the purchaser .in the event that the purchaser either does not submit a first offer to the vendor or the terms and conditions of such first offer are unacceptable to the vendor ,this agreement ,as it relates to the retained townsite lands ,shall terminate and the purchaser will have no further rights under is.In the event that the first offer is accepted by the vendor ,the obligations of each of the purchaser and the vendor to complete the purchase and sale of the retained townsite lands will be subject to:(a) The vendor obtaining on or before that day which is 48 months after the date of acceptance of the first offer by the vendor (the “condition removal date”)either an MOE determination or a certificate of compliance pertaining to each of the properties comprising the retained townsite lands and the delivery of a true copy thereof to purchaser.If the condition set out in subparagraph A4(a) above has not been satisfied by the condition removal date ,either the vendor or the purchaser shall have the option to extend such date for up to an aggregate of six(6) further periods of one(1) year each by the delivery of written notice to the other party advising the other party of same prior to the expiry of the condition removal date .if such condition has not been satisfied by the condition removal date ,this agreement shall be null and void as it relates to the area or areas specified in subparagraph A4(a) above for which the condition set out in obligations to each other as it relates to the area or areas specified in subparagraph A4 above for which the condition set out in subparagraph A4 has not been satisfied. The vendor will use reasonable commercial efforts facilitate the fulfillment of the condition set forth in subparagraph A4(a) of the schedule “O”. all costs associated with satisfying much condition shall be paid for solely by the vendor . the vendor covenants and agrees to keep the purchaser informed of all progress in connection with satisfying the condition set forth in subparagraph A4(a) of the schedule “O” by providing quarterly written reports to the purchaser on the last business day of each such quarterly period until the earlier of the date that the condition set forth in subparagraph A4(a) of this schedule “O” has been satisfied or the condition removal date .This section A4 shall survive the completion of the purchase of the real property or part thereof in accordance with the terms of this agreement.