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IN WITNESS WHEREOF, Seller and Buyer h ive executed this Purchase Agreement <br />effective as of the Effective Date. <br />SELLER: <br />THE HOUSING AND REDEVELOPMENT <br />AUTHORITY OF THE CITY OF RAMSEY, <br />MINNESOTA, <br />a Minnesota municipal corporation <br />By: <br />Name: <br />Title: <br />By: <br />Name: <br />Title: <br />BUYER: <br />COMMONBOND COMMUNITIES, <br />a Minnesota nonprcfit corporation <br />By: <br />Name: <br />Title: <br />9042408v2 <br />12 <br />