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EXHIBIT A — Commission Schedule
<br />Sale. As to sales of real property, CBRE's commission shall be five percent (5%) of the gross sales price.
<br />If a cooperating broker or salesperson procures the sale, the commission will be seven percent (7%) of the
<br />gross sales price. Gross sales price shall include any and all consideration received or receivable, in
<br />whatever form, including but not limited to assumption or release of existing liabilities. In the event this sale
<br />is in connection with a "build to suit" transaction, the commission shall be calculated on the gross sales
<br />price plus the gross construction cost of the building to be constructed on the Property. The commission
<br />shall be earned and paid on the date title to the Property is transferred to the purchaser; provided, however,
<br />that if the transaction involves an installment contract, then payment shall be made upon execution of such
<br />contract. In the event you contribute or convey the Property or any interest therein to a corporation, joint
<br />venture, partnership, or other business entity, the commission shall be calculated on the fair market value
<br />of the Property or the portion thereof that is so transferred, and shall be earned and paid at the time of the
<br />contribution or transfer. If you are a partnership, corporation, or other business entity, and an interest in the
<br />partnership, corporation or other business entity is transferred, whether by merger, outright purchase or
<br />otherwise, in lieu of a sale of the Property, and applicable law does not prohibit the payment of a commission
<br />in connection with such sale or transfer, the commission shall be calculated on the fair market value of the
<br />Property, rather than the gross sales price, multiplied by the percentage of interest so transferred, and shall
<br />be paid at the time of the transfer.
<br />1. Definitions. Under this Agreement the terms "sell," "sale" or "sold" shall mean: (a) an exchange of
<br />the Property; (b) the granting of an option to purchase the Property; or (c) any other transfer,
<br />conveyance or contribution of a controlling interest in the Property or in the entity which owns the
<br />Property, including, but not limited to, situations where you are a corporation, partnership or other
<br />business entity and a controlling interest in such corporation, partnership or other business entity
<br />is transferred, whether by merger, outright purchase or otherwise, in lieu of a sale of the Property.
<br />2. Option to Purchase. If you grant an option to purchase the Property, you agree to pay us a
<br />commission in accordance with this Commission Schedule, on the price paid for the option and for
<br />any extensions when you receive payment for any such option and/or extensions. If the option is
<br />exercised, whether during the Term or after, we will earn a further commission in accordance with
<br />this Agreement. Notwithstanding the foregoing, to the extent that all or part of the price paid for the
<br />option or any extension thereof is applied to the sales price of the Property, then any commission
<br />previously paid by you to us on account of the option payments will be credited against the
<br />commission payable to us on account of the exercise of the option.
<br />3. Broker (CBRE) shall receive a minimum fee based on a sales price of $1.50 per gross SF for the
<br />sale of any industrial or office land and a minimum fee of $5,000.00 for the sale of any residential
<br />parcel of land $5,000.00 for the sale of any residential parcel of land greater than $45,000; and, a
<br />minimum fee of $3,500.00 for the sale of any residential parcel of land less than or equal to $45,000.
<br />4. If a potential prospect/buyer is generated by the City of Ramsey with no prior contact or discussions
<br />with/from CBRE than the'commission will be reduced to 3% of the gross sales price to calculate
<br />commissions. If potential buyer generated by City of Ramsey has a cooperative broker the CBRE
<br />Listing Team commission will be equal to the cooperative broker and in no event will be no higher
<br />than 3.5%.
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