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Mr. Joel Hanson October 17, 2001 <br />City of Little Canada. Page 5 <br />that the projections or conclusions will be realized as stated. The result of the proposed project <br />may be achieved, but also may vary due to changing market conditions characteristic of the real <br />estate industry, changes in facts that were the basis of conclusions in this report, or other <br />unforeseen circumstances. <br />In the event payment is not received on a timely basis, Maxfield Research Inc. shall be entitled to <br />a lien against the subject property. <br />This agreement will be construed according to the laws of the State of Minnesota. <br />TERMINATION <br />This agreement may be terminated upon written notification of either party to the other. In the <br />event of termination, the Client will pay Maxfield Research Inc. for staff hours performed at the <br />firm's normal hourly rates, plus all expenses incurred through the date of termination. <br />If this proposal meets with your approval, please sign and return one copy to the offices of <br />Maxfield Research Inc. <br />The costs outlined in the Scope of Services shall remain in effect for a period of 90 days from the <br />date listed at the top of this contract. <br />Agreed to this day of 2001. <br />MAXFIELD RESEARCH INC. CITY OF LITTLE CANADA <br />Rick A. Fenske <br />Vice President <br />Joel Hanson <br />City of Little Canada <br />Please Indicate Services Required <br />Preliminary Demand Estimate ($2,800) <br />Upgrade to Full Feasibility Study ($5,000) <br />PAGE 8 <br />