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writing and shall be delivered personally, or transmitted by email (provided that the original <br />thereof shall thereafter be promptly sent by a nationally recognized overnight express courier), or <br />sent by a nationally recognized overnight express courier, and shall be addressed to the parties at <br />their respective addresses set forth below, and the same shall be effective upon receipt if <br />delivered personally, or one (1) business day after deposit with a nationally recognized overnight <br />express courier, or immediately upon being sent by email transmission in accordance with the <br />procedures described above. A party may change its address for receipt of notices by service of a <br />notice of such change in accordance herewith. <br />If to Seller: <br />If to Buyer: <br />City of Ramsey <br />7550 Sunwood Drive <br />Ramsey, MN 55303 <br />Attn: Brian Hagen, City Administrator <br />Email: bhagen@cityoframseymn.gov <br />6781 Properties, LLC <br />701 Xenia Avenue South, Suite 130 <br />Golden Valley, Minnesota 55416 <br />Attention: Russell S. King <br />Email: rking@kingcapitalcorp.com <br />19. Headings. The headings of the paragraphs and subparagraphs of this Agreement <br />are for convenience of reference only and do not form a part hereof, and in no way interpret or <br />construe such paragraphs and subparagraphs. <br />20. Parties in Interest. This Agreement shall be binding upon and inure to the benefit <br />of the successors and assigns of the respective parties. Neither party may assign its rights and <br />obligations under this Agreement without the others written consent. Notwithstanding the <br />foregoing, Buyer may assign this Agreement and all of its rights hereunder only to any entity <br />controlled by Buyer, provided, that Buyer delivers to Seller on or before the Closing Date, <br />written notice of such assignment together with a duly executed assignment instrument <br />evidencing Assignee's assumption of Buyer's obligations under this Agreement. <br />21. Confidentiality. Seller and the Buyer agree to maintain the confidentiality of the <br />terms of the transaction proposed by this Agreement; provided, however, Buyer may disclose <br />material terms as necessary or required to be disclosed in connection with its due diligence <br />investigations, financing and by applicable laws and ordinances. <br />22. Entire Agreement. This Agreement and the exhibits attached hereto contain the <br />entire agreement of the parties. This Agreement shall not be amended except by the written <br />agreement of the parties hereto. <br />23. Severable Provisions. If for any reason any term or provision of this Agreement <br />shall be declared void and unenforceable by any court of law or equity it shall only affect such <br />particular term or provision of this Agreement and the balance of this Agreement shall remain in <br />full force and effect and shall be binding upon the parties hereto. <br />13 <br />