FIRB Approval:

1. The Buyer will apply (“the Application”) to the Foreign Investment Review Board (“FIRB”) for approval to purchase the property within fourteen (14) days of the Contract Date and will comply with all requests for further information and take all steps necessary to pursue the Application.
2. The Seller will provide the Buyer with all information that is reasonably available to the Seller as may be required by the FIRB for considering the Application.
3. The Contract is subject to the Buyer notifying the Seller within thirty (30) days of the Contract date that approval has been granted. If the Seller does not receive this notice within that time then the Seller may terminate the Contract.
4. If no approval is granted the Buyer may terminate the Contract. If the Contract is terminated pursuant to this special condition then the deposit is to be refunded in full.
5. Settlement shall be the later of thirty (30) days from the Contract Date or seven (7) days after the Buyer notifies the Seller that it has FIRB approval.