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<br />5. Taxes. Lessee shall pay Lessor Six Thousand Dollars ($6,000) for the first-half of the
<br />2026 property taxes for the Premises.
<br />6. Condition Precedent. This Agreement is contingent upon and shall not become
<br />effective until all of the following have been satisfied to Lessor’s satisfaction: (i) this
<br />Agreement and related documents including the Estoppel Certificates have been
<br />executed; (ii) the Lessee and all subtenants have vacated the Premises by the Lease
<br />Termination Date; and (iii) the terms in this Agreement regarding Taxes, Escrow, and
<br />Utilities have been satisfied (the foregoing, collectively, the “Contingencies”). In the
<br />event such Contingencies have not been satisfied by the Lease Termination Date,
<br />Lessor shall have the right, prior to 5:00 p.m. (Central Time) on the Lease Termination
<br />Date, to terminate this Agreement, whereupon this Agreement shall become null and
<br />void and of no further force or effect and the Lease shall remain in effect. In the event
<br />the Contingencies are satisfied by 5:00 p.m. (Central Time) on the Lease Termination
<br />Date, then the Lease shall terminate and have no further force or effect, in which case
<br />neither Lessor nor Lessee shall have any performance or other duties, rights, options,
<br />or obligations arising thereunder.
<br />7. Escrow. Lessee must remove all items, refuse, and debris from the Premises on or
<br />before the Lease Termination Date. In the event that at the Final Walkthrough, the
<br />Lessor discovers that there is personal property or refuse/debris remaining on the
<br />Premises, the Lessor may retain Fifteen Thousand Dollars ($15,000) in an escrow
<br />account held by the Lessor to cover the Lessor’s costs to remove/dispose of the items.
<br />Lessee acknowledges and agrees that Lessor may dispose of any remaining items on
<br />the property and use escrowed funds to pay for said disposal.
<br />8. Utilities. Lessee shall ensure all utilities for the Premises are transferred to Lessor
<br />effective on the Lease Termination Date.
<br />9. Release. In consideration of the terms and conditions of this Agreement, Lessee and
<br />Lessor each shall and do hereby forever and finally release, relieve, acquit, remise,
<br />waive, and discharge the other Party and each of the other Party’s respective past and
<br />present employees, officers, directors, shareholders, partners, owners, agents,
<br />employees, attorneys, representatives, related entities, and their respective officers,
<br />directors, and owners (collectively, the “Released Parties”) from any and all past or
<br />present claims, demands, agreements, promises, covenants, acts, omissions, attorneys’
<br />fees, costs, disbursements, suits, and causes of action of whatsoever kind and nature,
<br />including but not limited to claims related in any way to Minn. Stat. Chapter 117, in
<br />law, in equity, by statute, on contract, or in tort, or otherwise, and any other liabilities
<br />or obligations, known or unknown, suspected or unsuspected, contingent or fixed,
<br />which either Party may now have or may previously have had against any of the
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