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t <br /> . Seller has received no written notice of any existing actions, suits, proceedings, <br /> judgments, orders, or decrees pending or outstanding against the Property or against Seller that <br /> would affect Seller's ability to perform its obligations under this Agreement or the documents to <br /> be executed in connection herewith and,to Seller's knowledge, no such matters are threatened. <br /> 8.3.4 Outstanding Contracts <br /> . There are no outstanding or existing options or other contracts or obligations between <br /> the Seller and any third parties to purchase or otherwise acquire the Property as of the date of <br /> Seller's acceptance of this Agreement, and Seller shall not grant or execute any such of the same <br /> during the term of this Agreement. <br /> 8.3.5 Agreements with Governmental Authorities <br /> . To the best of Seller's knowledge, there are no agreements with governmental <br /> authorities, agencies, utilities, or quasi-governmental entities that affect the Property other than <br /> those disclosed in the Preliminary Commitment. No consent or approval of any federal, state, or <br /> local court or federal, state, or local government, bureau, department, commission, or agency is <br /> required to permit Seller to execute, deliver, or perform the transactions contemplated in this <br /> Agreement. <br /> 9. Title Insurance <br /> 9.1 Preliminary Commitment <br /> . Purchaser acknowledges that Purchaser has received the Preliminary Commitment. <br /> Seller shall, at Seller's expense, within ten(10)business days after this Agreement has been <br /> executed by all parties, provide Purchaser with a supplemental report to the Preliminary <br /> Commitment issued by Title Company(the"Supplemental Report"). Purchaser shall notify <br /> Seller of its disapproval of any exceptions shown in the Supplemental Report(other than <br /> exceptions permitted by Section 3)within ten(10)business days after Purchaser's receipt of the <br /> Supplemental Report, or Purchaser will be deemed to have waived its right to disapprove such <br /> exceptions. If, within ten(10)business days after the receipt of such notice Seller has not <br /> removed or given reasonable written assurances to Purchaser that such disapproved exceptions <br /> will be removed on or before Closing, Purchaser may, within ten(10)business days thereafter, <br /> elect to terminate this Agreement by giving written notice of such termination to Seller, but if no <br /> such notice is given, Purchaser shall be deemed to have waived such defects and shall purchase <br /> the Property on the remaining terms hereof. Notwithstanding the foregoing, if Seller cannot <br /> remove any disapproved exception by the Closing Date, this Agreement shall terminate and be of <br /> no further force or effect; provided, however,that Purchaser may elect to waive such <br /> disapproved exceptions, which shall thereupon become permitted exceptions, and close on the <br /> remaining terms. If this Agreement is terminated pursuant to this Section 9.1, the escrow shall <br /> be terminated, the Deposit shall immediately be returned to Purchaser, all documents and other <br /> funds shall be returned to the party who deposited them, and neither party shall have any further <br /> rights or obligations under this Agreement, except as otherwise provided in this Agreement, and <br /> except that Seller and Purchaser shall each pay one-half of any costs of terminating the escrow. <br /> 4 <br /> S:\MSoine\Real Estate\Reservation\PUrcahse&Sale final corrected I I-14-00.doc <br /> Seattle/11.15.00 <br />