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reasonable opportunity to make objection thereto, as will be more fully set <br /> forth in a Development Agreement between the parties hereto. <br /> It is understood and agreed to by the Seller and Buyer that, should the school use <br /> of the subject property be terminated for any reason, the land and the improvements <br /> <br /> thereon shall automatically divest to the County of Hawaii in fee simple, free of all <br /> <br /> encumbrances and liabilities that have a material adverse effect upon the value of the <br /> <br /> property. Buyer and Seller shall be jointly and severally responsible to the County of <br /> Hawaii for ensuring that the subject property is transferred to the County of Hawaii free <br /> of such encumbrances and liabilities. <br /> IN WITNESS WHEREOF, the parties hereto have caused these presents to be <br /> executed the day and yeaz first above written. <br /> BUYER SELLER <br /> INNOVATIONS PUBLIC CHARTER SUFFOLK INVESTMENTS, LLC <br /> SCHOOL FOUNDATION A Hawaii Limited Liability Company <br /> By: BRIAN R. COOK <br /> DEVELOPMENT, INC. <br /> By: Bazbaza Woerner <br /> Its Authorized Agent <br /> Date: By: Brian R. Cook <br /> Its Authorized Agent <br /> Date: <br /> <br />