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<br />7 <br />MU205\52\637644.v8 <br />9. Sole Developer. <br />The Developer is designated as sole developer and shall have exclusive rights of the <br />Development of the Property through the entire term of this Agreement. The EDA agrees not to <br />market the Property or to make, accept, negotiate, or otherwise pursue any other offers for sale or <br />purchase of the Property until the term of this Agreement expires or the Agreement is terminated <br />pursuant to Section 8 herein. <br />10. Adjacent Business Development and Subdivision of Property and Project Area. <br />Notwithstanding anything herein to the contrary, the Developer agrees to cooperate and work <br />with the EDA and multiple adjacent present and future parcel owners in developing and effectuating <br />the Plat and creation of multiple developable parcels, as well as redefining lot lines of adjacent parcels. <br />Further, the Developer agrees to coordinate and share costs related to the Plat, to develop appropriate <br />parcels for both future and existing development, cooperate in site plan, environmental, utility access <br />related to the development of the Plat. The Developer shall enter into a separate agreement with the <br />EDA and present and future parcel owners affected by the Plat, to ensure the coordinated efforts of <br />all parties associated with developing the Plat. <br />11. Severability. <br />If any portion of this Agreement is held invalid by a court of competent jurisdiction, such <br />decision shall not affect the validity of any remaining portion of the Agreement. <br /> <br />12. Breach; Waiver. <br />In the event any covenant contained in this Agreement should be breached by one party and <br />subsequently waived by another party, such waiver shall be limited to the particular breach so waived <br />and shall not be deemed to waive any other concurrent, previous, or subsequent breach. <br /> <br />13. Notice. <br />Notice or demand or other communication between or among the parties shall be <br />sufficiently given if sent by mail, postage prepaid, return receipt requested or delivered personally: <br />(a) As to EDA: Mounds View Economic Development Authority <br />2401 Mounds View Boulevard <br />Mounds View, MN 55112 <br />Attn: Executive Director <br /> <br />(b) As to Developer: <br /> <br /> <br />MWF Properties, LLC <br />7645 Lyndale Avenue South <br />Minneapolis, MN 55423 <br />Attn: Chris Stokka <br />14. Counterparts.