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ADDENDUM TO COMMERCIAL <br />PURCHASE AGREEMENT <br />This form approved by the Minnesota Association of REALTORS®, <br />which disclaims any liability arising out of use or misuse of this form. <br />© 2020 Minnesota Association of REALTORS®, Edina, MN <br />1. Date <br />2. Page 1 <br />3. Addendum to Purchase Agreement between parties, dated <br />4. (Date of this Purchase Agreement), pertaining to t he purchase and sale of the Property at <br />5. . <br /> 0U[OLL]LU[VMHJVUÅPJ[IL[^LLU[OPZ(KKLUK\THUKHU`V[OLYWYV]PZPVUVM[OL7\YJOHZL(NYLLTLU[the language <br />7. in this Addendum shall govern. <br />8. <br />9. <br />10. <br />11. <br />12. <br />13. <br />14. <br />15. <br />16. <br />17. <br />18. <br />19. SELLER BUYER <br />20. <br /> (Business Entity or Individual Name) (Business Entity or Individual Name) <br />21. By: By: <br /> (Seller) (Buyer) <br />22. Its: Its: <br /> (Title) (Title) <br />23. <br /> (Date) (Date) <br />24. SELLER BUYER <br />25. <br /> (Business Entity or Individual Name) (Business Entity or Individual Name) <br />26. By: By: <br /> (Seller) (Buyer) <br />27. Its: Its: <br /> (Title) (Title) <br />28. <br /> (Date) (Date) <br />29. THIS IS A LEGALLY BINDING CONTRACT BETWEEN BUYER(S) AND SELLER(S). <br />30. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. <br />MN-ACPA (8/20) <br />March 29th, 2022 <br />March 29th 2022 <br />2750 Rice Street Little Canada MN 55113 <br />This purchase agreement is contingent upon the approval of the Little Canada Economic <br />Development Authority by April 14th, 2022. Once approved, the Buyer will submit the earnest <br />money deposit of $15,000 to Land Title within two days in the form of a cashiers check. The <br />City of Little Canada is willing to offer favorable lease-back terms, which must include <br />payment of all taxes, utilities, or other expenses associated with the property prior to the <br />date of possession (July 1, 2022). This can be accomplished at closing or through a monthly <br />lease payment that covers actual expenses from the proposed closing date (April 20, 2022) <br />through the date of possession (July 1, 2022). If this is accomplished through a Lease-Back <br />Agreement, a monthly lease payment sufficient to cover these actual expenses plus a nominal fee <br />should be established. This is a 100% cash transaction. This is an AS-IS WHERE-IS transaction. <br />Seller is responsible for all property expenses to July 1, 2022and Buyer is responsible for all <br />property expenses from July 1, 2022. Buyer and Seller each agree to pay their own customary and <br />respective closing fees. Seller has the right to occupy the property following closing/funding <br />and to vacate the premises by July 1, 2022. The building will be free of all personal property <br />and in broom-swept condition. <br />Sunset Of Oak Island Inc <br />Lachner LP, A Minnesota Limited Partnership <br />City of Little Canada