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EXHIBIT A—Commission Schedule
<br /> A. 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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