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[Reserved for Recording Data] <br />RIGHT OF RE-ENTRY AGREEMENT <br />This Right of Re-entry Agreement is entered into on , 2026, by and <br />between the City of Ramsey, a Minnesota municipal corporation ("Seller"), and HARLOW <br />BECKETT ENTERPRISES LLC, A MINNESOTA LIMITED LIABILITY COMPANY <br />("Buyer"). <br />A. On <br />to Buyer: <br />Recitals <br />, 2026, Seller conveyed title of the following Property <br />Lot 1, Block 1, COR SEVEN, Anoka County, Minnesota <br />PID Number: Portion of 28-32-25-41-0024 ("Property") <br />B. Title to the Property was conveyed subject to Buyer fulfilling certain Conditions as set <br />forth below. <br />C. As indicated in the Purchase Agreement between the City of Ramsey and Harlow <br />Beckett Enterprises LLC, a Minnesota limited liability company, with an Effective <br />Date of June 24, 2026, Section 28, it is the intent of the parties to create and set forth a <br />right to impose a penalty or a right of re-entry in favor of Seller in the event Buyer fails <br />to satisfy the Conditions. <br />Agreement <br />1. The recitals are incorporated herein as if fully set forth. <br />2. Seller shall have the right, but not the obligation, to either impose a penalty against the <br />Property pursuant to Paragraph 3, or to re-enter and take possession of the Property <br />