Hold PHearing_Purchase of Real Property

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(a) Seller has completed its purchase of the Subject Property from its current owner, Flying M Ranch, LLC, a Washington limited liability company ("Flying M Ranch"), and is vested with full fee simple title to the Subject Property; (b) The Kittitas County Board of County Commissioners has adopted a resolution authorizing Buyer to fund the purchase of the Subject Property and to purchase the Subject Property; (c) Buyer shall have received, reviewed (or had reviewed) and approved an independent appraisal of the Subject Property; (d) Buyer shall have received, reviewed and approved a copy of both the Phase I and Phase I1 Environmental Site Assessments of the Subject Property performed by an independent environmental consultant, a copy of which Seller has provided to Buyer; (e) Buyer shall have received, reviewed and approved a copy of the current title commitment of the Subject Property, a copy of which Seller has provided to Buyer; (f) Buyer shall have received funding from Ecology in an amount sufficient to fund the majority of the Purchase Price of the Subject Property (the "Ecology Funding'); and (g) The satisfaction of each of the following conditions precedent has been memorialized in writing and signed by both Flying M Ranch and Buyer, and Flying M Ranch have delivered to Seller written confirmation that all of the following conditions precedent have been satisfied: (i) Lease ftpm Buyer to Flying M R ch. Buyer shall have entered into a lease with Flying M Ranch of the single-family residence and associated outbuildings, including a 22 -foot by 62 -foot utility shed, a 52 -foot by 132 -foot utility building, and a 60 -foot by 220 -foot utility building located at 1030 Stone Road. The lease will commence on the date of closing and be for a period of one (1) year with no option to extend or renew. The lease shall be substantially in the form of Exhibit C attached hereto and hereby incorporated by this reference (the "1030 Stone Road Lease"), (ii) Flood Mitigation Berm for Existing Residential Structure on Parcel A (assessor parcel #702036, a parcel owned by two of the Governors of Flying M Ranch and excluded from this purchase). Buyer shall have provided a written confirmation to Flying M Ranch, signed by both Buyer and Flying M Ranch, indicating that Buyer will mitigate for anticipated additional flood rise potential on parcel #702036 as mutually agreed by both Buyer and Flying M Ranch and approximately located where depicted on Exhibit D to this agreement. Before Buyer and Seller consummate the transaction contemplated by this Agreement, Buyer shall provide written confirmation that Buyer and Flying M Ranch have reached agreement with Buyer's commitment to mitigate for potential