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Contingency Period: Buyer shall have 180 days from the date the Purchase Agreement is fully executed to (a) perform, in Buyer's sole discretion, any analysis and investigations with respect to the Property, and (b) to obtain the necessary permits and approvals for Buyer's intended use (collectively, the "Contingencies"). If Buyer has not satisfied its Contingencies by the expiration of said 180-day period, then Buyer may elect to extend the Contingency Period for up to 2 (30) day periods. Upon the exercise of such extension, Buyer shall deposit ten thousand dollars ($10,000.00) with the escrow agent, which sum shall be refundable to Buyer (unless Buyer defaults), and applicable to the Purchase Price. Easements: Seller shall grant to Buyer permanent non-exclusive easements for purposes of: • Ingress / egress • Signage • Drainage • Utilities • Shared parking As part of the City Entitlement period 0EA / REA / ECR: Seller and Buyer will enter into an operating/development agreement for purposes of easements. Use Restrictions: Seller will restrict the balance of the following parcels 28-32-25-23-0012, 28-32-25-23-0013, 28-32- 25-23-0011development from the list of uses as shown on Exhibit B. Lot Split: Within 30 days of the execution of the purchase and Sale Agreement, Seller shall deliver to Buyer a boundary survey of Sellers parcel, together with a metes and bounds legal description of the Property and Sellers residual. Seller will provide the Buyer an existing revised ALTAMSPS 2016 survey (Table A, items 1, 2, 3, 4, 5, 7A, 8, 11 and 14) for the lot split. [Note to Seller: It's Buyer's understanding that the Property is already platted but any subdivision will be at Buyer's sole expense.. Sellers Site Obligations: • Utilities to property line • Buyer during City Entitlements to submit for Pylon/Monument sign approval. City will not build monument signage. • Remediation of contamination [Note to Seller: is there contamination at the site that Seller is aware of? No contamination based on Sellers Knowledge. Please provide a copy of Seller's Phase 1. for Buyer's review] Purchase Agreement: Buyer's attorney shall prepare the Purchase Agreement. Signage: Buyer shall construct a free-standing pylon and monument sign on the Property at its cost and expense. Buyer will have top position (Note to Buyer: The City will not own any signs that will allow for the placement of advertising for Buyer. There will likely be privately owned signs that the Buyer can purchase advertising from. The existing City Sign used for offsite advertising at the NE Corner of Ramsey Blvd and Hwy 10 does not have any room to add advertising. This sign will be permanently removed when the Ramsey Boulevard Interchange is constructed in 2025.