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EXHIBIT B <br />MEMORANDUM OF PURCHASE AND SALE AGREEMENT <br />MEMORANDUM OF PURCHASE AND SALE AGREEMENT <br />, 20 <br />This instrument memorializes that the undersigned Seller and Purchaser have executed a <br />Purchase and Sale Agreement dated , 20_ (the "Contract") concerning real property <br />located in Anoka County, Minnesota legally described as: <br />See attached Exhibit A <br />hereinafter, the "Property". <br />Pursuant to the Contract, Purchaser has the right, but not the obligation, to purchase all or <br />any part of the Property, subject to certain terms and conditions as provided in the Contract. Any <br />capitalized terms not otherwise defined herein, shall have the meaning given in the Contract. <br />1. This memorandum memorializes that pursuant to the terms of the Contract, <br />Purchaser has the exclusive option to purchase the Property. The Contract expires <br />20 . <br />2. Seller and Purchaser agree from time to time to execute such additional recordable <br />memoranda as may be reasonably necessary to confirm the rights and obligations of the parties <br />granted under the Contract. <br />[Signatures appear on following page.] <br />B-1 <br />CORE/2008719.0399/ 109378462.5 <br />