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457530v2 SJS EL185-33 10 <br />If to the EDA:Elk River Economic Development Authority <br />Attn: Executive Director <br />13065 Orono Parkway <br />Elk River, MN 55330 <br />If to the Buyer:Shoot Steel, Inc. <br />Attn: Evan Moyer <br />32428 N Center Lane <br />Center City, M 55012-5501 <br />Notices shall be deemed effective on the earlier of the date of receipt or the date of deposit, as <br />aforesaid; provided, however, that if notice is given by deposit, the time for response to any <br />notice by the other party shall commence to run one business day after any such deposit. Any <br />party may change its address for the service of notice by giving notice of such change 10 days <br />prior to the effective date of such change. <br />18.CAPTIONS. The paragraph headings or captions appearing in this Agreement are for <br />convenience only, are not a part of this Agreement and are not to be considered in interpreting <br />this Agreement. <br />19.ENTIRE AGREEMENT, MODIFICATIONS. This written Agreement constitutes the <br />complete agreement between the parties and supersedes any prior oral or written agreements <br />between the parties regarding the Property. There are no verbal agreements that change this <br />Agreement and no waiver of any of its terms will be effective unless in a writing executed by the <br />parties. <br />20.BINDING EFFECT. This Agreement binds and benefits the parties and their successors <br />and assigns. <br />21.CONTROLLING LAW.This Agreement has been made under the substantive laws of <br />the State of Minnesota, and such laws shall control its interpretation.