7.2. HRSR 06-04-2018 - Laserfiche WebLink

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(i) Leases. The Sellers represent that the Property is currently being leased to Northern Lakes hlc., Eric Austin, and Jamie Austin. The Sellers will provide the tenants with required notice of their intent to terminate the lease(s) and will terminate the lease(s) prior to the Closing Date. With the exception of these leases, the Sellers represent that there are no other third parties in possession of the Property, or any part thereof; and that there are no other leases, oral or written affecting the Property or any part thereof. 0) Broker Commission. The Buyer represents to the Sellers that it has not utilized the services of any real estate broker or agent in connection with this Agreement or the transaction contemplated by this Agreement. Ronald Touchette, Seller, is a licensed real etate broker in the State of Minnesota. The Sellers represent to the Buyer that the Seller have utilized the services of Rock Solid Companies and Ronald Touchette in connection with this Agreement and the transaction contemplated by this Agreement. The Sellers shall be responsible for paying any commissions or broker's fees to the Sellers' brokers in connection with this Agreement. Each party agrees to indemnify, defend, and hold harmless the other party against and in respect of any such obligation and liability based in any way upon agreements, arrangements, or understandings made or claimed to have been made by the party with any third person. (k) Structures. To the best of the Sellers' knowledge, the buildings, if any, are entirely within the boundary lines of the Property. The parties acknowledge that the Property is being sold in "as is" condition relating to the structural, operational, and mechanical systems. (1) Foreign Status. The Sellers are not "foreign persons" as such term is defined in the Internal Revenue Code. (m) Methamphetamine Production. To the best of the Sellers' knowledge, methamphetamine production has not occurred on the Property. (n) Refuse and Hazardous Materials. The Sellers have not performed and has no actual knowledge of any excavation, dumping, or burial of any refuse materials or debris of any nature whatsoever on the Property. To the Sellers' best actual knowledge and belief, there are no "Hazardous Materials" (as hereinafter defined) on the Property that would subject the Buyer to any liability under either federal or state laws, including, but not limited to, the disposal of any foreign objects or materials upon or in the Property, lawful or otherwise. Without limiting the generality of the foregoing, the Sellers represent and warrant to the Buyer that, to the Sellers' best actual knowledge and belief: 1. The Property is not now and has never been used to generate, manufacture, refine, transport, treat, store, handle, dispose, transfer, produce, process, or in any manner deal with Hazardous Materials; 2. No Hazardous Materials have ever been installed, placed, or in any manner handled or dealt with on the Property; 3. There are no underground or aboveground storage tanks on the Property, 6 525535v2 S1S ELI 85-48