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Mr. Brent Godbout <br />rTovember 14, 2008 <br />Page 2 of 3 <br />The lease will be executed within 30 days after municipal approvals but <br />Lease Execution: lantin of crops, <br />no later than 60 days prior to the p g <br />Extended Due da s after completion of due <br />Diligence Period: The Lessee will have an additional (30) y enc eriod, <br />diligence for city approvals. At the expiration of this conting roceed <br />Lessee may waive these contingencies at its sole discretion and p <br />under the terms of the Agreement or alternatively if riot waived, Lessee <br />may cancel the Agreement. <br />A, Approval of physical due diligence <br />g, Governmental Approvals <br />Lessee shall pay 5% of the total net proceeds to (Adam Colon and Jon <br />Commissions: at NorthMarq Real Estate .Brokerage I:LC. Ail comrrussions <br />Rausch} <br />shall be paid at the end of the lease. . <br />Lessee shall provide its own insurance to a level satisfactoryto Lessor. <br />Insurance: <br />Nan-Binding <br />Bement: This is a Letter of Intent and shall be considerede went .binding <br />Agr <br />agreement until both parties have executed a binding Agr <br />nted in our meeting, Rudy Peterson represents the "High School Reunion Tour" that will <br />As prese <br />complete a reunion tour on site. <br />We are excited about the "High School Reunion Tour" placing our site on the top of their list. <br />350o AMERICAN BLVD. W. SUITE 200 MINNEAPOLIS, MN 55431 T g~,$31.i000 ~°~~•~ <br />-17- <br />