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2.03 Hazardous Materials. Owner shall not deposit or store hazardous materials on <br />the Property, or carry hazardous materials across the Property, without the City's written <br />permission. Owner is solely liable for any and all damages to people or property, and for <br />any and all environmental response and/or clean-up costs, arising out of Owner's deposit, <br />storage or transfer of hazardous materials upon or across the Property. <br />2.03. Governing Law. This agreement shall be interpreted in accordance with and <br />governed by the laws of the state of Minnesota. <br />2.04. Notices and Demands. All notices, demands or other communications under <br />this agreement shall be effective only if made in writing and shall be sufficiently given <br />and deemed given when delivered personally or mailed by certified mail (return receipt <br />requested), postage prepaid, properly addressed as follows: <br />(a) City of Ramsey, 7550 Sunwood Drive NW, Ramsey, Minnesota 55303, Attention <br />Kurt Ulrich, City Administrator <br />(b) CAP Acquisitions, LLC, 120 West Cataldo Ave, Suite 100, Spokane, WA 99201, <br />attention Scott Morris <br />or to such other persons as the parties may, from time to time, designate in writing and <br />forward to the other as proved in this section. <br />2.06. Amendment. This agreement may be amended by the parties hereto only by <br />written instrument executed with the same procedures and formality followed in the <br />execution of this agreement. <br />Page 2 of 5 <br />