Agenda - Council - 12/09/2025 - Laserfiche WebLink

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If Purchaser: LH Road, LLC 14485 Azurite Street NW Ramsey, MN 55303 Attn: Sam Burgeson Email: sburgeson@wildlife.com 8. Liens. Purchaser shall keep the Property free from any liens arising out of any work performed, materials furnished or obligations incurred by or on behalf of Purchaser or Purchaser's Agents with respect to any inspection or testing of the Property. If any such lien shall at any time be filed, Purchaser shall cause the same to be discharged of record within 30 days after knowledge by Purchaser thereof by satisfying the same or, if Purchaser in its discretion and good faith determines that such liens should be contested, by obtaining a bond. Failure by Purchaser to discharge such lien or obtain such bond within the 30 day said period shall be a material breach of this Agreement and shall entitle Seller, at its option and in addition to any other remedy Seller may have at law, in equity or by contract, immediately to declare this Agreement to be terminated. The provisions of this Section 8 shall survive any termination of this Agreement. 9. Entire Agreement. No representations or covenants of any kind, other than those of Purchaser expressly contained herein, have been made by either party hereto. This Agreement may only be modified or amended by an agreement in writing duly executed and delivered by each of the parties hereto. This Agreement supersedes any provisions of any letter of intent between the parties. 10. Assignment. This Agreement shall not be assigned by Purchaser, and any attempted assignment by Purchaser shall be void, provided, however that Purchaser may assign its rights and obligations under this Agreement, without Seller's consent, to an entity affiliated with Purchaser that is the "Purchaser" under the Purchase and Sale Agreement. 11. Termination. Unless terminated either by agreement of the parties, or otherwise, this Agreement shall terminate upon the earlier of: (a) the parties ceasing negotiations to enter into the Purchase and Sale Agreement, or (b) written notice of termination given by Seller for any reason whatsoever. Immediately upon any such termination, Purchaser's rights of access granted hereunder shall cease. 12. Miscellaneous. If any term, covenant or condition of this Agreement or the application thereof to any person, entity or circumstances shall to any extent be deemed invalid or unenforceable under applicable law, then the remainder hereof and the application of such a term, covenant, or condition to the person, entity or circumstances other than those to which it is held invalid or unenforceable shall not be affected thereby and the application of such a term, covenant, or condition to the person, entity or circumstances other than those to which it is held invalid or unenforceable shall not be affected thereby. The rights and privileges granted herein shall accrue to the benefit of each of the parties hereto. It is understood and agreed that this Agreement shall not in any way constitute a Purchase and Sale Agreement, nor shall either party be required to enter into a Purchase and Sale Agreement or negotiate, in good faith or otherwise, a Purchase and Sale Agreement. For purposes of executing this Agreement, a document signed and transmitted by facsimile machine or electronic mail shall be treated as an original document. The signature of 3