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[Reserved for Recording Data] <br />AMENDED AND RESTATED RIGHT OF RE-ENTRY AGREEMENT <br />This Amended and Restated Right of Re-entry Agreement is entered into on <br />March 10, 2025, by and between the City of Ramsey, a Minnesota municipal corporation <br />("Seller"), and Blanery LLC, a Minnesota Limited Liability Company ("Buyer"). <br />Recitals <br />A. On March 10, 2025, Seller conveyed title of the following Property to Buyer: <br />All that part of the North 200 feet of the South 233 feet of the South Half of the Southeast <br />Quarter of Section 27, Township 32, Range 25, Anoka County, Minnesota, lying West of <br />the East 1146 feet thereof, and lying East of a line parallel with the East line of said <br />South Half of the Southeast Quarter drawn Northerly from a point on the South line of <br />said South Half of the Southeast Quarter, a distance of 266.00 feet East of the Northwest <br />corner of Lot 1, of the duly recorded plat of Auditor's Subdivision No. 30, said Anoka <br />County said 266.00 feet measured at right angles to the West line of said Lot 1. <br />Anoka County PID Number: 27-32-25-44-0003 <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 Blanery <br />LLC, a Minnesota Limited Liability Company, with an Effective Date of April 15, <br />2024, Paragraph 28., CONSTRUCTION DEADLINE. Buyer shall obtain a certificate <br />of occupancy from the City of Ramsey for the construction of a minimum 8,500 SF <br />building as depicted on Exhibit B compliant with City Zoning requirements to be further <br />defined by an approved Site Plan 12 months after closing. At Closing, a "Right of Re - <br />Entry Agreement" must be executed and recorded to the Property providing that, in the <br />