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• save the time, expense and uncertainty of litigation the parties hereto have negotiated this Agreement, in lieu of formal condemnation proceedings. 3. Purchase Price and Earnest Money. The Consideration for the Property shall be as follows: (A) Purchaser shall provide Sellers with fifteen (15) permanent reserved parking spaces in the new Juvenile and Domestic Relations District Court parking garage to be constructed immediately adjacent to the Property subject to this Agreement. The conveyance of the replacement parking spaces to Sellers shall be by irrevocable license or such other form as may be acceptable to Seller and Seller's attorney. The fifteen permanent replacement parking spaces shall be for the benefit of Sellers' property located at 417-419 Park Street (Parcel 34 on City Real Property Tax Map 53), and all right, title and interest that Sellers acquire in said spaces shall be transferable with title to or use of 417-419 Park Street. Purchaser shall also grant to Sellers a permanent right of ingress and egress from High Street to the parking garage for the purpose of accessing the parking spaces. Prior to use of the spaces Sellers shall designate on the second or third floor of the garage which fifteen spaces shall be reserved for their exclusive use, and Purchaser shall mark the spaces accordingly. (B) Between the date of the execution of this Agreement and the date on which the fifteen permanent replacement parking spaces in the new garage are ready for occupancy, Purchaser shall provide Seller with fifteen temporary replacement parking spaces. Said • fifteen temporary replacement spaces shall be provided by (i) reimbursing Sellers for the monthly rental for parking spaces located at 421 Park Street (currently $85.00 per space per month) for such time as those spaces are available for lease; and (ii) providing monthly parking passes for use at the Market Street Parking Garage, at no cost to Sellers; provided, however, that parking spaces in the Market Street Parking Garage shall only be used as part of the fifteen temporary replacement parking spaces to the extent that space is not available at 421 Park Street, or at such other location mutually agreeable to Sellers and Purchaser. (C) Purchaser shall reimburse Sellers for all fees charged by the law firm of Haugh and Haugh, P.C., for their representation of Sellers in this matter through closing, based on the standard hourly rate charged by Charles R. Haugh, Esq. • 4. Written Materials Relative to Property. Upon request by Purchaser, Sellers shall provide to Purchaser at the office of Purchaser's attorney within seven (7) business days of the Effective Date for inspection and copying any and all contracts, written reports, studies (including, without limitation environmental tests and studies), site plans, analyses and other written information and materials relative to the Property and in the possession of Sellers, including, but not limited to a written statement to be prepared by Seller concerning any oral agreements with any party involving or relating to the Property, and any inspection reports regarding the property. 5. Sellers' Warranties, Covenants and Representations. In addition to any other representations and warranties contained in this Agreement, Sellers represent and warrant to Purchaser the following representations and warranties as of the date hereof and Sellers 2