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3 DOCSOPEN\MU205\50\716385.v4-4/22/21 Event of Default” means an action by the Developer or the EDA listed in Article VIII of this Agreement. Minimum Improvements” means approximately an approximately 3,500 square foot expansion to the Developer’s existing facility on an adjacent parcel as identified and set forth in Exhibit B and constructed in accordance with the Construction Plans submitted to and approved by the EDA. After completion of the Minimum Improvements, the term shall mean the Development Property as improved by the Minimum Improvements. Sale” means any sale, conveyance, lease, exchange, forfeiture other transfer of the Developer's interest in the Minimum Improvements or the Development Property, whether voluntary or involuntary. State” means the state of Minnesota. Termination Date” means 30 months from the Date of Closing or the date of the Certificate of Completion and Release of Forfeiture issued by the EDA, whichever comes first and which may be extended accordingly in the event of any Unavoidable Delays, as defined herein. Unavoidable Delays” means delays which are the direct result of unanticipated adverse weather conditions; strikes or other labor troubles; fire or other casualty to the Minimum Improvements; litigation commenced by third parties which, by injunction or other similar judicial action, directly results in delays; or, except those of the EDA reasonably contemplated by this Agreement, any acts or omissions of any federal, State or local governmental unit which directly result in delays in construction of the Minimum Improvements. Section 1.2. Rules of Interpretation. (a) This Agreement shall be interpreted in accordance with and governed by the laws of Minnesota. b) The words “herein” and “hereof” and words of similar import, without reference to any particular section or subdivision, refer to this Agreement as a whole rather than any particular section or subdivision hereof. c) References herein to any particular section or subdivision hereof are to the section or subdivision of this Agreement as originally executed. d) Any titles of the several parts, articles and sections of this Agreement are inserted for convenience and reference only and shall be disregarded in construing or interpreting any of its provisions. Section 1.3. Incorporation of Exhibits. The following exhibits are attached to and by reference made a part of this Agreement: Exhibit A. Legal Description of the Development Property Exhibit B. Developer Proposal