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2 4839-8767-9929\3 Notwithstanding the foregoing and the Due Diligence Period provided in Paragraph 5, the Closing hereunder shall coincide with the closing of the sale of other Bremer property, located at 2401 Lowry Avenue NE, St. Anthony, MN, (the “Redevelopment Property”) by Bremer to Trident Development (or a related entity) (“Trident”) pursuant to a separate purchase agreement for the Redevelopment Property between Bremer and Trident (the “Trident Purchase”). Accordingly, each party’s obligation to complete the Closing hereunder shall be conditioned upon the simultaneous closing of the Trident Purchase, and if the Trident Purchase agreement is terminated or the Trident Purchase does not close on the date of Closing, then either party shall have the right to terminate this Agreement by written notice to the other at any time before Closing, whereupon neither party shall have any further rights or liabilities hereunder, except as expressly set forth below. Bremer agrees to provide at least 30 days’ prior written notice to HRA of the closing date for the Trident Purchase (“Closing Notice”), which Closing Notice shall (i) confirm the date of Closing, calculated as provided above, (ii) be deemed a waiver of Bremer’s Due Diligence Period (if not already expired or waived), and (iii) automatically shorten HRA’s Due Diligence Period (if not already expired or waived) such that it shall expire on the 10th day after delivery of the Closing Notice. Bremer also agrees to provide written notice to HRA of any (i) termination of or (ii) notice of default issued under, the Trident Purchase agreement. 5. Conditions to Purchase of Parcels by each party. The buyer of each Parcel shall have a period of one hundred eighty (180) days from the Effective Date (the “Due Diligence Period”) (unless an different time period is provided below) to satisfy or waive the following conditions, at the buyer’s sole discretion: (a) Satisfaction as to economic feasibility and financing of the purchase of the Parcel for the buyer’s intended use (which for purposes of this Agreement, means the Node Project or the New Bremer Project, as applicable); (b) Review and acceptance of any environmental and/or property documentation provided by the seller; (c) Obtaining satisfactory soil tests and other due diligence regarding the Parcel and buyer’s intended use of same; (d) Receipt of approval for all entitlements required for buyer’s intended use of the Parcel, including but not limited to a conditional use permit and/or planned unit development agreement required by the City and/or any other governmental authority having jurisdiction (and for avoidance of doubt, the condition in favor of HRA under this section includes the City’s approval of the New Bremer Project); (e) Review and approval of title as provided and in accordance with the timeframes set for in Section 7 below; (f) Review and acceptance of seller’s representations and information as provided below;