6B(8) Contract for Sale of Land with Oliver Park Partners

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Commission provides the Company a title policy from Meridian Title Company (the "Title Company ") showing that no taxes are due and owing on the Property., 4. At Closing, the Commission shall provide a title policy (the "Title Policy ") from the Title Company acceptable to the Company insuring the transfer of the Property to the Company in the amount of Twenty -two Thousand and 00 /100 Dollars ($22,000.00). Other than each party's respective attorney's fees, the Commission shall pay all closing expenses and fees, which shall be evidenced by a Closing Statement prepared by the Title Company and signed by the parties hereto or their respective representatives at closing. The parties each represent that no real estate commissions are due and owing to any party with respect to this transaction. 5. The Closing shall be held at a mutually agreed upon location and time (herein referred to as the "Closing ") on a date which is not more than thirty (30) days from the date of this Agreement or as otherwise agreed (the "Closing Date "). At Closing: (a) Commission shall deliver to the Company the duly executed and acknowledged quitclaim deed conveying the Property to Company as provided in Paragraph 3. (b) Company shall deliver to the Commission: (i) the cash portion of the Purchase Price; (ii) a Certificate of Incumbency showing the Company has authorized the execution and performance of this Agreement; and (iii) evidence satisfactory to the Commission the Company has performed or is capable of performing the conditions set out in paragraph 6 of this Agreement. (c) Possession shall be delivered at Closing. (d) The parties shall pay all closing costs at Closing in accordance with Section 4 and shall execute a Closing Statement evidencing such fees. 6. A. Commission has informed the Company that there exists certain soil and groundwater contamination at the Property to be purchased by Company. (a) The Commission agrees to indemnify, defend and hold harmless the Company, their successors, assigns, lenders and lessees (and their respective partners, officers, directors, employees, affiliates and insurers) from any and all claims, suits, costs, losses, damages, fees and expenses (including reasonable attorneys' fees) resulting from or relating to the presence of contamination existing at the Property as of the date of closing. Notwithstanding the foregoing, the duty to indemnify shall be deemed terminated at such time, if any, that Commission receives and records a covenant - not -to -sue under the Indiana Voluntary Remediation Program, or such other written confirmation or certification from the Indiana Department of Environmental Management ( "IDEM ") under any other applicable State of Indiana program, including without limitation a 2