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PURCHASE AGREEMENT THIS AGREEMENT is made as of June 10, 2015, between TCF National Bank, a United States of America Corporation ("Seller"), and the City of Little Canada, a Minnesota municipal Corporation ("Buyer"). In consideration of this Agreement, Seller and Buyer agree as follows: 1. Sale of Property. Seller agrees to sell to Buyer, and Buyer agrees to buy from Seller, the following property (collectively the "Property"). (a) Real Property. The real property and fixtures located at 2801 Country Drive in the City of Little Canada, County of Ramsey, State of Minnesota and further identified by Ramsey County Property Identification Number (PIN) 06-29-22-41- 0004 and legally described as Subj To Hwy And Ex E 874 5/10 Ft And Ex W 196 Ft The S 100 Ft Of N 816 5/10 Ft Of Part Of Se 1/4 E Of Southern Slope Add And Nly Of Ww R/w In Sec 6 Tn 29 Rn 22 ("Land"), together with all easements and rights benefiting or appurtenant to the Land (collectively the "Real Property"). (b) Personal Property. All of the personal property, (if any), situated in or about the Real Property owned by Seller, including the personal property described on attached Exhibit A ("Personal Property"). (c) Leases. Seller's interests as lessor in all of the leases, if any, affecting the Property. (d) Buyer is aware that Seller acquired the property which is the subject of this transaction by way of foreclosure, and that Seller is selling and Buyer is purchasing the property in an "AS IS" CONDITION WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Buyer acknowledges for Buyer and Buyer's successors, heirs and assignees, that Buyer has been given a reasonable opportunity to inspect and investigate the property and all improvements thereon, either independently or through agents of Buyer's choosing, and that in purchasing the property Buyer is not relying on Seller or its agents as to the conditions of the property and/or its improvements thereon, including, but not necessarily limited to, electrical, plumbing, heating, sewage, roof, foundation, soils and geology, lot size or suitability of the property and/or its improvements for particular purposes, or that any appliances, if any, plumbing and/or that the improvements are structurally sound and/or in compliance with any city, county, state and/or federal statutes, codes or ordinances. The closing of this transaction shall constitute an acknowledgement by the Buyer that THE PREMISES WERE ACCEPTED WITHOUT REPRESENTATION OR WARRANTY OF ANY KIND OR NATURE AND IN AN "AS IS"