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May 13, 2015 <br />It is expressly understood and agreed that this letter provides the framework for further <br />negotiations between Seller and Buyer and does not create any binding obligation or liability on the <br />part of either party. As such, neither party shall be liable to the other party for any claims, losses, <br />liabilities, damages, costs or expenses in the event of a failure of either party, for any reason <br />whatsoever or for no reason, to execute and deliver the purchase agreement contemplated herein. <br />If the terms of this letter are acceptable, please acknowledge by signing below and returning a signed <br />copy of this letter to me. <br />Sincerely, <br />Buyer: Seller: <br />Dominium Development & Acquisitions, LLC The City of Ramsey <br />By: By: <br />Its: Managing Partner Its: <br />Date: 4/27/2015 Date: <br />