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result in material liability to the Seller under applicable Environmental Laws.
<br />Seller has not disposed of or released Hazardous Substances at the Property
<br />in a manner that would reasonably be expected to result in material
<br />investigation -related or remedial liability of Seller under applicable
<br />Environmental Laws. Seller, has delivered or made available to Buyer copies
<br />of all environmental reports, assessments, permits, suits, information
<br />requests, orders, notices of violation, closure letters, site status letters and
<br />similar documentation in Seller's possession or reasonable control.
<br />"Environmental Law" shall mean any and all federal, state and local laws,
<br />statutes, codes, ordinances, regulations, rules, policies, consent decrees,
<br />judicial orders, administrative orders or other requirements relating to the
<br />environment or to human health or safety associated with the environment, as
<br />currently in effect;
<br />h. except for Mille Lacs Motor Sports II, Inc., a Minnesota corporation
<br />("Tenant") under that certain Lease dated May 28, 2025 as amended by that
<br />certain First Amendment to Lease dated January 27, 2026 as further amended
<br />by that certain Second Amendment to Lease dated May 26, 2026, as further
<br />amended by that certain Third Amendment to Lease dated August 31, 2026
<br />(collectively the "Lease"), title to the Property is subject to no tenancy or
<br />other right of occupancy, it being acknowledged and agreed that the Lease
<br />will be terminated prior to the Closing and will not remain in effect at or
<br />after Closing;
<br />i. there are no special assessments (including pending), special tax districts,
<br />special service areas, sanitary sewer separation fees or outstanding
<br />obligations (contingent or otherwise) to governmental entities, including,
<br />without limitation, any portion payable with the current tax bill with respect
<br />to the Property or any part thereof;
<br />J.
<br />Seller has not received any notice of violation of any legal requirement
<br />pertaining to the Property;
<br />k. Seller is not aware of any wells on the Property within the meaning of Minn.
<br />Stat. § 1031, which representation is intended to satisfy the requirements of
<br />Minn. Stat. §1031. Seller is not aware of anysewage generated at the
<br />Property to be managed, and there is no individual sewage treatment system
<br />located on or serving the Premises, which representations are intended to
<br />satisfy the requirements of Minn. Stat. § 115.55, Subd.6; and
<br />1. Other than the Buyer, no person or entity has any right, agreement,
<br />commitment, option, right of first refusal or any other agreement, whether
<br />oral or written, with respect to the purchase, assignment or transfer of all or
<br />any portion of the Property.
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