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COMMERCIAL PURCHASE AGREEMENT <br />265. Page 7 Date <br />266.Property located at . <br />267. CONSENT TO DUAL AGENCY <br />268.Broker represents both parties involved in the transaction, which creates a dual agency. This means that Broker and <br /> P[ZZHSLZWLYZVUZV^LÄK\JPHY`K\[PLZ[VIV[OWHY[PLZ)LJH\ZL[OLWHY[PLZTH`OH]LJVUÅPJ[PUNPU[LYLZ[Z)YVRLYHUKP[Z <br />270.salespersons are prohibited from advocating exclusively for either party. Broker cannot act as a dual agent in this <br />271.transaction without the consent of both parties. Both parties acknowledge that <br /> JVUÄKLU[PHSPUMVYTH[PVUJVTT\UPJH[LK[V)YVRLY^OPJOYLNHYKZWYPJL[LYTZVYTV[P]H[PVU[VI\`ZLSSVYSLHZL^PSS <br />  YLTHPUJVUÄKLU[PHS\USLZZ[OLWHY[PLZPUZ[Y\J[)YVRLYPU^YP[PUN[VKPZJSVZL[OPZPUMVYTH[PVU6[OLYPUMVYTH[PVU^PSS <br />274.be shared; <br />275.(2) Broker and its salespersons will not represent the interest of either party to the detriment of the other; and <br />276.(3) within the limits of dual agency, Broker and its salesperson will work diligently to facilitate the mechanics of the <br />277.sale. <br />278.With the knowledge and understanding of the explanation above, the parties authorize and instruct Broker and its <br />279.salespersons to act as dual agents in this transaction. <br />280.SELLER:BUYER: <br />(Business Entity or Individual Name) (Business Entity or Individual Name) <br />281. By:By: <br />(Seller's Signature) (Buyer's Signature) <br />282. <br />(Seller's Printed Name) (Buyer's Printed Name) <br />283. Its:Its: <br />(Title) (Title) <br />284. <br />(Date) (Date) <br />285.SELLER:BUYER: <br />(Business Entity or Individual Name) (Business Entity or Individual Name) <br />286. By:By: <br />(Seller's Signature) (Buyer's Signature) <br />287. <br />(Seller's Printed Name) (Buyer's Printed Name) <br />288. Its:Its: <br />(Title) (Title) <br />289. <br />(Date) (Date) <br />290.SUCCESSORS AND ASSIGNS: All provisions of this Purchase Agreement shall be binding on successors and <br />291.assigns. <br />292.CLOSING COSTS:)\`LYVY:LSSLYTH`ILYLX\PYLK[VWH`JLY[HPUJSVZPUNJVZ[Z^OPJOTH`LɈLJ[P]LS`PUJYLHZL[OL <br />293.cash outlay at closing or reduce the proceeds from the sale. <br />294.FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT ("FIRPTA"): Section 1445 of the Internal Revenue Code <br /> WYV]PKLZ[OH[H[YHUZMLYLL )\`LY VMH<UP[LK:[H[LZYLHSWYVWLY[`PU[LYLZ[T\Z[ILUV[PÄLKPU^YP[PUNHUKT\Z[ <br />296. withhold tax if the transferor ("Seller") is a foreign person and no exceptions from FIRPTA withholding apply. Buyer <br />  HUK:LSSLYHNYLL[VJVTWS`^P[O-097;(YLX\PYLTLU[Z\UKLY:LJ[PVUVM[OL0U[LYUHS9L]LU\L*VKL <br />298.Seller shall represent and warrant, under the penalties of perjury, whether Seller is a "foreign person" (as the same <br /> PZKLÄULK^P[OPU-097;(WYPVY[VJSVZPUN(U`YLWYLZLU[H[PVUZTHKLI`:LSSLY^P[OYLZWLJ[[V[OPZPZZ\LZOHSSZ\Y]P]L <br />300.the closing and delivery of the deed. <br /> )\`LYHUK:LSSLYZOHSSJVTWSL[LL_LJ\[LHUKKLSP]LYVUVYILMVYLJSVZPUNHU`PUZ[Y\TLU[HɉKH]P[VYZ[H[LTLU[ <br /> YLHZVUHIS`ULJLZZHY`[VJVTWS`^P[O[OL-097;(YLX\PYLTLU[ZPUJS\KPUNKLSP]LY`VM[OLPYYLZWLJ[P]LMLKLYHS[H_WH`LY <br /> PKLU[PÄJH[PVUU\TILYZVY:VJPHS:LJ\YP[`U\TILYZ <br />MNC:PA-7 (8/21) <br />March 29 2022 <br />2750 Rice Street Little Canada 55113MN <br />Sunset Of Oak Island Inc <br />Lachner LP, A Minnesota Limited Partnership <br />Little Canada Economic Development <br />Authority