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Other: Buyer understands there will be a required Right of Reentry <br />Agreement with the City of Ramsey. <br />Brokerage: <br />Seller shall be responsible for any commission to brokers retained <br />by Seller, if any. Buyer shall be responsible for any commission <br />to brokers retained by Buyer, if any. <br />This letter is an expression of understanding and intention only, and if accepted, will provide <br />guidance for the drafting of a formal Purchase Agreement. Terms and conditions set forth in this <br />letter shall not be binding on either party until and unless a formal Purchase Agreement is executed <br />and delivered to both parties. <br />Sincerely, AGREED AND ACCEPTED: <br />Capital Real Estate, Inc. By: <br />icr� d J. uff <br />Its: PresidentDate: I10 NM <br />Its: <br />Date: <br />