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Ramsey, Minnesota <br />Sunwood Drive <br />L /C: 022 -0575 <br />FIRST AMENDMENT TO REAL ESTATE CONTRACT <br />This FIRST AMENDMENT TO REAL ESTATE CONTRACT ( "Amendment ") is dated <br />between THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF <br />RAMSEY, MINNESOTA, a public body corporate and politic under the laws of the State of <br />Minnesota ( "Seller ") and McDONALD'S USA, LLC, a Delaware limited liability company <br />( "Purchaser "). The following statements are a material part of this Amendment: <br />A. Seller and Purchaser entered into a Real Estate Contract dated December 19, 2012 <br />( "Contract ") for the property described in Exhibit A attached to the Contract and incorporated into this <br />Agreement by this reference. <br />B. Purchaser has expended considerable time, money and effort to satisfy the conditions <br />precedent in the Contract. <br />C. The expiration of the Contingency Period is about to occur, and the parties desire to <br />extend such date. <br />THEREFORE, in consideration of the mutual covenants contained in the Contract and other good <br />and valuable consideration, the receipt of which is hereby acknowledged between the parties, Seller and <br />Purchaser agree as follows: <br />1. The expiration of the Contingency Period set forth in Article 6A of the Contract is <br />extended to expire on January 7, 2014. <br />2. Except as modified by this Amendment, the Contract is ratified and confirmed by the <br />parties. <br />3. This Amendment may be signed in one or more counterparts, all of which taken <br />together shall constitute one and the same document. <br />Document #: 1210903 -v1 <br />End of Text. Signatures on next page. <br />