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EXHIBIT B <br />(Right of Re -Entry) <br />Grantor hereby reserves a right of re-entry in favor of Grantor for the Property, which right of re-entry will <br />be superior to any mortgage on the Property, for breach of conditions subsequent in favor of Grantor <br />pursuant to which Grantor may commence an action in Anoka County District Court seeking an order re- <br />vesting title to the Property in Grantor if (1) Grantee does not commence construction of the improvements <br />on the Property (The "Grantee's Improvements") by September 1, 2016 or (2) Grantee does not <br />substantially complete the construction of Grantee's Improvements by February 10, 2017. For purposes of <br />this right of re-entry, Grantee will be deemed to have commenced construction when Grantee has (a) <br />obtained building permits for construction of Grantee's Improvements; and (b) caused material or labor to <br />be furnished to the Property in a manner and to an extent sufficient that a mechanic's lien for such work <br />would attach and take effect pursuant to Minn Stat. Sec. 514.05, and Grantee will be deemed to have <br />substantially completed construction of Grantee's Improvements when Grantee opens for business on the <br />Property. Grantor may redeem the Property from foreclosure, as an owner, within the time allowed by law. <br />7457567v2 <br />