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[Reserved for Recording Data] <br />RIGHT OF RE-ENTRY AGREEMENT <br />This Right of Re-entry Agreement is entered into on , 2024, by and <br />between the City of Ramsey, a Minnesota municipal corporation ("Seller"), and MW <br />Properties LLC, a Minnesota Limited Liability Company ("Buyer"). <br />A. On <br />to Buyer: <br />Recitals <br />, 2024, Seller conveyed title of the following Property <br />Lot 1, Block 1, Rivers Bend Plaza 2nd Addition, Anoka County, Minnesota <br />(the "Property") <br />B. Title to the Property was conveyed subject to Buyer fulfilling certain Conditions <br />as set forth below. <br />C. As indicated in the Purchase Agreement between the City of Ramsey and MW <br />Properties LLC, with an Effective Date of , 2024, Section 28, it is <br />the intent of the parties to create and set forth a right to impose a penalty or a right <br />of re-entry in favor of Seller in the event Buyer fails to satisfy the Conditions. <br />Agreement <br />1. The recitals are incorporated herein as if fully set forth. <br />2. Seller shall have the right, but not the obligation, to either impose a penalty against <br />the Property pursuant to Paragraph 3, or to re-enter and take possession of the <br />