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COMMERCIAL PURCHASE AGREEMENT <br />180. Page 5 Date <br />181.Property located at . <br />182.REPRESENTATIONS AND WARRANTIES OF BUYER: If Buyer is an organized entity, Buyer represents and warrants <br />183.to Seller that Buyer is duly organized and is in good standing under the laws of the State of Minnesota; that Buyer is <br />K\S`X\HSPÄLK[V[YHUZHJ[I\ZPULZZPU[OL:[H[LVM4PUULZV[H"[OH[)\`LYOHZ[OLYLX\PZP[LVYNHUPaH[PVUHSWV^LYHUK <br />185.authority to enter into this Purchase Agreement and the Buyer’s closing documents signed by it; such documents <br />186.have been duly authorized by all necessary action on the part of Buyer and have been duly executed and delivered; <br />[OH[[OLL_LJ\[PVUKLSP]LY`HUKWLYMVYTHUJLI`)\`LYVMZ\JOKVJ\TLU[ZKVUV[JVUÅPJ[^P[OVYYLZ\S[PUH]PVSH[PVU <br />188.of Buyer’s organizational documents or Bylaws or any judgment, order, or decree of any court or arbiter to which Buyer <br />189.is a party; and that such documents are valid and binding obligations of Buyer, and are enforceable in accordance with <br />190.their terms. Buyer will indemnify Seller, its successors and assigns, against and will hold Seller, its successors and <br />191.assigns, harmless from, any expenses or damages, including reasonable attorneys’ fees, that Seller incurs because <br />192.of the breach of any of the above representations and warranties, whether such breach is discovered before or after <br />193.the date of closing. <br />194.TIME IS OF THE ESSENCE FOR ALL PROVISIONS OF THIS CONTRACT. <br />195.CALCULATION OF DAYS: (U`JHSJ\SH[PVUVMKH`ZILNPUZVU[OLÄYZ[KH`JHSLUKHYVY)\ZPULZZ+H`ZHZZWLJPÄLK <br />  MVSSV^PUN[OLVJJ\YYLUJLVM[OLL]LU[ZWLJPÄLKHUKPUJS\KLZZ\IZLX\LU[KH`ZJHSLUKHYVY)\ZPULZZ+H`ZHZZWLJPÄLK <br />197.ending at 11:59 P.M. on the last day. <br />198.BUSINESS DAYS: “Business Days” are days which are not Saturdays, Sundays, or state or federal holidays unless <br />199.stated elsewhere by the parties in writing. <br />200.CALENDAR DAYS: For purposes of this Agreement, any reference to "days" means "calendar days." "Calendar <br />201.days" include Saturdays, Sundays, and stat and federal holidays. <br />202.DEFAULT: If Buyer defaults in any of the agreements here, Seller may cancel this Purchase Agreement, and any <br />WH`TLU[ZTHKLOLYLPUJS\KPUNLHYULZ[TVUL`ZOHSSILYL[HPULKI`:LSSLYHZSPX\PKH[LKKHTHNLZHUK)\`LYHUK:LSSLY <br /> ZOHSSHɉYT[OLZHTLI`H^YP[[LUJHUJLSSH[PVU0U[OLHS[LYUH[P]L:LSSLYTH`ZLLRHSSV[OLYYLTLKPLZHSSV^LKI`SH^ <br />205.If Buyer defaults in any of the agreements here, Seller may terminate this Purchase Agreement under the <br />206.provisions of either MN Statute 559.21 or MN Statute 559.217, whichever is applicable. <br />207.If this Purchase Agreement is not canceled or terminated as provided here, Buyer or Seller may seek actual damages <br />MVYIYLHJOVM[OPZ7\YJOHZL(NYLLTLU[VYZWLJPÄJWLYMVYTHUJLVM[OPZ7\YJOHZL(NYLLTLU["HUKHZ[VZWLJPÄJ <br />209.performance, such action must be commenced within six (6) months after such right of action arises. <br />210.SUBJECT TO RIGHTS OF TENANTS, IF ANY, BUYER HAS THE RIGHT TO VIEW THE PROPERTY PRIOR TO <br />211.CLOSING TO ESTABLISH THAT THE PROPERTY IS IN SUBSTANTIALLY THE SAME CONDITION AS OF THE <br />212.DATE OF THIS PURCHASE AGREEMENT. <br />213.METHAMPHETAMINE PRODUCTION DISCLOSURE: <br /> (4L[OHTWOL[HTPUL7YVK\J[PVU+PZJSVZ\YLPZYLX\PYLKI`45:[H[\[L:\IKT <br />215. Seller is not aware of any methamphetamine production that has occurred on the Property. <br />216. Seller is aware that methamphetamine production has occurred on the Property. <br />217.(See Disclosure Statement: Methamphetamine Production.) <br />218.NOTICE REGARDING AIRPORT ZONING REGULATIONS: The Property may be in or near an airport safety zone <br /> ^P[OaVUPUNYLN\SH[PVUZHKVW[LKI`[OLNV]LYUPUNIVK`[OH[TH`HɈLJ[[OL7YVWLY[`:\JOaVUPUNYLN\SH[PVUZHYL <br /> ÄSLK^P[O[OLJV\U[`YLJVYKLYPULHJOJV\U[`^OLYL[OLaVULKHYLHPZSVJH[LK0M`V\^V\SKSPRL[VKL[LYTPULPMZ\JO <br /> aVUPUNYLN\SH[PVUZHɈLJ[[OL7YVWLY[``V\ZOV\SKJVU[HJ[[OLJV\U[`YLJVYKLY^OLYL[OLaVULKHYLHPZSVJH[LK <br />222.N OTICE REGARDING PREDATORY OFFENDER INFORMATION: Information regarding the predatory <br />223.offender registry and persons registered with the predatory offender registry under MN Statute 243.166 may <br />224.be obtained by contactingWKHORFDOODZHQIRUFHPHQWRIÀFHVLQWKHFRPPXQLW\ZKHUHWKH3URSHUW\LVORFDWHG <br />225.or the Minnesota Department of Corrections at (651) 361-7200, or from the Department of Corrections web <br />226.site at www.corr.state.mn.us. <br />MNC:PA-5 (8/21) <br />March 29 2022 <br />2750 Rice Street Little Canada 55113MN <br />8