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unacceptable (the "Inspection Period "). Purchaser may also extend the Inspection Period by another one hundred and eighty (180) days (the "Extension ") by providing written notice to Seller, prior to the expiration of the Inspection Period, of Purchaser's intention to extend the Inspection Period, and by Purchaser concurrently providing Seller with an additional earnest money deposit of $2,000.00 (the "Extension Deposit "). Purchaser may extend the Extension Period by another thirty -one (31) days to and through July 31, 2012, (the "Additional Extension ") by providing written notice to Seller, of Purchaser's intention to extend the Extension Period, however, Purchaser shall not be required to provide any additional earnest money deposit to elect the Additional Extension. In the event Purchaser elects to terminate this Agreement, Purchaser shall provide written notice of termination to Seller prior to the expiration of the Inspection Period and /or any Extension. In the event Purchaser provides said notice of termination prior to the request for any Extension, the Seller shall be obligated to return the Deposit to Purchaser as provided in Paragraph 3 hereof. In the event that Purchaser provides notice of termination after requesting an Additional Extension, then Seller shall retain the Deposit and the Extension Deposit at which point neither party shall have any further rights or obligations under this Agreement. Moreover, Seller shall promptly provide any releases requested by the Purchaser to affect the return of the Deposit to Purchaser. In the event Purchaser does not submit written notice of termination prior to the expiration of the Inspection Period, or any Extension if any Extension has been requested by Purchaser, Purchaser shall be deemed to be satisfied with its inspections of the Property and all contingencies shall therefore be deemed to be fulfilled or waived. Seller shall fully cooperate with Purchaser in the obtaining of all governmental approvals necessary for Purchaser to satisfy itself during the Inspection Period of the suitability of the Property. If closing occurs, then the Deposit and any Extension Deposit shall be credited toward the Purchase Price. (2) Each and every other provision of the Agreement is hereby ratified, approved and reaffirmed by the parties and all other matters previously agreed to and set forth in the Agreement and not affected by this Addendum shall remain in full force and effect. (3) This Addendum may be executed in multiple counterparts, each of which shall be deemed an original. (4) The undersigned person(s) executing and delivering this Addendum on behalf of a Party represent and certify that: a. He /she is a duly authorized agent, representative, member or officer of said Party and has been fully empowered to execute and deliver this Addendum and that all necessary corporate or administrative action has been taken and done; and 2