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7 419290v2 LN140 -109 9.0. Closing . The closing shall t ake place no later than July 1, 20 13 (the “Date of Closing”) or on such other date as EDA and Developer may mutually agree in writing. The closing shall take place at the office of title insurer or such other place as the EDA and Developer may reasonably determine. Possession of the Property shall be delivered on the Date of Closing. 1 0 .0. EDA’s Obligations At Closing . On or prior to the Date of Closing, EDA shall: 1 0 .1. Execute, acknowledge and deliver to the Developer a quit claim deed, with a r ight of reverter, to the Property conveying to the Developer marketable fee simple title to the Property, Subject to the encumbrances approved by Developer in accordance with Section 4.2 . 1 0 .2. Deliver to Developer an affidavit of the EDA in recordable form identifying the EDA as the owner of the Property free and clear of all encumbrances except the encumbrances approved by Developer in accordance with Section 4.2 that all work, labor, services and materials furnished to or in connection with the Prope rty have been fully paid for so that no mechanic’s, materialmen’s, or similar lien may be filed against the Property. 1 0 .3. In the event the quit claim deed described in Section 1 0 .1 does not contain the statement “The Seller certifies that the Seller does not know of any wells on the described real property”, EDA shall execute and deliver to Developer a Well Disclosure Certificate as required in Minnesota Statutes , Section 103I.235 indicating that all wells have been properly abandoned and sealed by a licensed well contractor, all as required by the rules and regulations issued to Minnesota Statutes , Section 103I.501(a)(2). 1 0 .4. Execute and deliver to Developer a Designation Agreement relating to the Property which designates the “reporting person” for purposes of completing Internal Revenue Form 1099S. 1 0 .5. Deliver to Developer such other documents as may be required by this Agreement or applicable law. 1 0 .6. Deliver to Developer evidence of EDA’s authorization to complete this transaction . 1 0 .7. Execute and deliver to Developer a closing statement consistent with this Agreement. 10.8 Execute and Developer an subordination agreement among EDA, Developer and Developer’s lender, in substantially the form approved by the EDA on March 11 , 2013. 1 1 .0. Developer’s Obligations at Closing . At closing, and subject to the terms, conditions, and provisions hereof and the performance by EDA of its obligations as set forth above, the Developer shall: