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Parking: <br />Buyer will have a shared parking agreement with Outlot A. Buyer will have a controlled parking <br />area (non -shared) as outlined in Exhibit A. <br />Closing: <br />Closing shall occur within 30 days after the expiration or earlier waiver of the Contingency Period. <br />A Right of Re -Entry Agreement will be entered into by Buyer and Seller. The Right of Re -Entry <br />Agreement will require the Buyer to obtain a Certificate of Occupancy for a minimum 20,000 square <br />foot building on the property 24 months after Closing. In the event that a Certificate of Occupancy is <br />not received by the Buyer the Seller re-enter and take physical possession of the property for seven <br />hundred twenty-five thousand dollars ($725,000 cash). (Right of Re -Entry Agreement to be <br />negotiate and added as an exhibit to the PSA) <br />Brokers Commission: <br />Seller shall be responsible for all brokerage commission relating to this transaction. Buyer <br />recognizes CBRE, Inc as its sole and exclusive Brokers with regard to this transaction. <br />Corporate Contingency: <br />This agreement is subject to review and approval by Aldi Corporate officers. <br />The parties recognize that this and all other communications are intended to be preliminary only and <br />neither party shall have any obligations to each other with respect to the Property that is the subject of <br />this correspondence unless and until a mutually satisfactory Purchase Agreement has been fully <br />executed and delivered by both parties. <br />Respectfully, <br />Andrew Mack <br />Director of Real Estate <br />Aldi Inc. (Minnesota) <br />Agreed and accepted this 9th day of September, 2022; <br />By: <br />Brian Hagen, City Administra <br />