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FIRST AMENDMENT TO PURCHASE AGREEMENT <br />This First Amendment to Purchase Agreement dated this day of <br />2011 by The Housing and Redevelopment Authority in and for the City of Ramsey, <br />Minnesota, a public body politic and corporate under the laws of the State of Minnesota <br />( "Seller "), the City of Ramsey, Minnesota, a home rule charter city organized and <br />existing under the constitution and laws of the State of Minnesota ( "City ") and F &C <br />Ramsey, LLC, an Indiana limited liability company ( "Buyer "). <br />WHEREAS, the following facts are true: <br />A. The Seller, the City and the Buyer have previously entered into that <br />certain "Purchase Agreement For The Portions of Lot 1, Block 1, Lot 2, Block 1 and <br />Outlot A, Ramsey Town Center 5 Addition To Be Replatted As Lot 3, Block 1, COR <br />ONE" (the "Purchase Agreement "). <br />B. The parties now wish to amend the Purchase Agreement to provide <br />additional time for completion of certain contingencies and closing. <br />NOW THEREFORE, for good and valuable consideration, the receipt and <br />sufficiency of which are hereby acknowledged, the Seller, the City and the Buyer agree: <br />1. Paragraph 6 of the Purchase Agreement is hereby modified to extend the <br />closing date from April 29, 2011 to June 15, 2011. <br />2. Paragraph 14 of the Purchase Agreement is modified to extend the <br />contingency exercise dates for Paragraphs 14(e) and 14(f) from April 15, 2011 to and <br />including May 31, 2011. <br />3. Except as specifically modified herein, the Purchase Agreement is ratified <br />and confirmed in all respects. <br />Executed as of the date first above written. <br />(Signature pages follow) <br />