This offer is conditional upon the Buyer herein being approved by the First Mortgagee within Twenty (20) business days (excluding Saturday, Sunday and statutory
holidays) from the final
date of acceptance, failing which the Buyer shall notify Seller's Lawyer and the Seller in writing within the
specified period of time and then this transaction shall forthwith be terminated and the Buyer's deposit shall be returned to the Buyer in full immediately, with any accrued interest and without the requirement of a mutual release and the parties are hereby released from any liability without the signing of such release.