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4 <br /> representations of the other party or its agents. This Agreement shall be governed by the laws of the <br /> tate of Minnesota. <br /> 9.7 This Agreement shall be binding on and inure to the benefit of the parties hereto, <br /> their respective heirs, successors and assigns. <br /> 9.8 Seller shall, at the request of Buyer, execute a memorandum of the terms of this <br /> Agreement, excluding the price, which memorandum shall be in recordable form and shall, at Buyer's <br /> discretion, be recorded in lieu of this Agreement. <br /> 9.9 Neither Seller nor Buyer have dealt with a broker on this transaction. Buyer will <br /> be responsible for any commission or fee due to Terry Moses, who represented Buyer on purchases of <br /> adjacent parcels. <br /> 10. SELLER'S ACCEPTANCE. This offer shall be null and void if not accepted on <br /> or before October 30, 1997. <br /> IN WITNESS WHEREOF, Seller and Buyer have caused this instrument to be <br /> executed as of the day and year first above written. <br /> SELLER: CITY OF MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY <br /> • <br /> By: <br /> Its: Date: <br /> BUYER: MERIDIAN PROPERTIES REAL ESTATE DEVELOPMENT LIMITED <br /> PARTNERSHIP, a Minnesota limited partnership <br /> By: <br /> Its: General Partner Date: <br /> • <br /> H:\TOM\MOUNDSV.PUR 10.10.97 -8- <br />