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CITY NEW BRIGHTON TEL :6382044 Apr 26 '96 12 :39 No .017 P .05 <br /> Each.party shall have at least 30 days to review the proposed design. After this 30 day review period, <br /> MASC may demand payment of the DOWNPAYMENT,portion of the t:ittaiu iug. Payment its full of <br /> the DOWNPAYMENT means thatthe proposed design is accepted to that party. Failure to pay within <br /> 30 days after demand means that the party failing to pay has withdrawn from this agreement and this • <br /> agreement shall be void as to all parties. <br /> If the required DOWNPAYMENTS are made,MASC Will cause the facility to be constructed substan- <br /> tially in accordance with the proposed design. <br /> Substantial modifications not increasing the overall cost of the facility may be made by a majority vote <br /> of the Board of Directors. <br /> Substantial modifications to the design which increases the overall cost of the facility may be made <br /> only after a unanimous vote of the/Board of Directors. <br /> VIL EXPANSION <br /> MASC shall have the:right to expand the number of ice sheets on its property beyond four provided <br /> that: <br /> If such expansion is physically connected to this facility all parties shall have pro rata right of first <br /> refusal to purchase additional scheduling and programming rights on such terms and conditions as are <br /> offered by MASC. <br /> Exception: Itis contemplated that MASC inconnectionwith ilnancing_the conytructlou of thea Inr.aLt , <br /> may make certain covenants to Anoka County in connection with the operation of Columbia Ice Arena <br /> In such case,MASC shall be permitted to fulfill its covenants as a.priority over rights granted by this <br /> paragraPh- <br /> VIIL DEFAULTS <br /> If any party defaults on any of its obligations under this agreement and such default continues for a <br /> period in excess of 30 days after written notice is mailed to such party, the other parties shall have right <br /> of first refusal on all of the defaulting parry's assets,liabilities. rights and obligations in connection <br /> with the facility and this agreement,under such terms, conditions and procedures as are determined by , <br /> the board of directors. If no other party assumes the assets,liabilities, rights and obligations of the <br /> defaulting party, MASC may dispose of them in such manner as it sees fit. <br /> ITC. ALIENATION OF INTEREST <br /> Any party may sell, partition or alienate its interest in the facility or in this agreement to any other <br /> party to this agreement on such terms and conditions as they may agree among themselves. No party <br /> shall attempt to or sell, partition or alienate its interest in the facility or in this agreement to a non-party <br /> without first offering such interest to the other parties to this agreement under such terms conditions an <br /> d procedures as may be determined by the board of directors. If the board of directors falls to enact <br /> terms procedures and conditions for more than 60 days after notice of intent to alienate given to the <br /> board at the address of MASC,The party may sell, partition or alienate its interest as it sees fit. <br /> • <br /> 5 <br />