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Authentisign ID: eF18F799-413A41A7-A8DC-EC91WEBDE9 <br />ADDENDUM TO COMMERCIAL <br />PURCHASE AGREEMENT <br />This form approved by the Minnesota Association of REALTORS®, <br />which disclaims any liability arising out of use or misuse of this form, <br />© 2020 Minnesota Association of REALTORS®, Edina, MN <br />1. Date February 2nd, 2021 <br />2. Pagel <br />3, Addendum to Purchase Agreement between parties, dated February 2nd 2021 <br />4. (Date of this Purchase Agreement), pertaining to the purchase and sale of the Property at <br />5 413 Proctor Avenue NW Elk River, MN $5330 <br />6. In the event of a conflict between this Addendum and any other provision of the Purchase Agreement, the language <br />7. in this Addendum shall govern. <br />8. Buyer shall have a 60 day Due Diligence from the final acceptance date to complete the <br />following: <br />9, An additional 30 day extension will be granted if required to get City approval. <br />1.Buyer obtaining financing. <br />10, 2.Buyer obtaining necessary City approval for intended use. <br />3.Buyer obtaining a satisfactory building inspection. <br />11. 4.Buyer may cancel the purchase agreement during the due diligence period and receive a full <br />refund of the earnest money. <br />12. S. Acceptance deadline: per City approval not to exceed 8 weeks. <br />13. 6. Closing shall be within 30 days after completion of the due diligence. <br />7. Seller agrees to pay buyer's broker commission of 2.5% of the sale price at closing. <br />14. <br />15. <br />16. <br />17, <br />18. <br />19. <br />SELLER <br />BUYER <br />20 <br />City of Elk River <br />First Step Preschool & Childcare LLC <br />(Business Entity or Individual Name) <br />(Business Entity or Individual Name) <br />21. <br />By: <br />By:, V!czr, <br />(Seller) <br />181y z110:19.2s AM csr <br />22. <br />Its: <br />Its: <br />(Title) <br />(Title) <br />23 <br />02/0412021 <br />(Date) <br />(Date) <br />24. <br />SELLER <br />BUYER <br />25, <br />(Business Entity or Individual Name) <br />(Business Entity or individual Name) <br />26. By: <br />(Seller) <br />27. Its: <br />(Title) <br />28. <br />(Date) <br />'r30. <br />MN-ACPA (8120) <br />By: <br />(Buyer) <br />Its: _ <br />(Title) <br />(Date) <br />THIS IS A LEGALLY BINDING CONTRACT BETWEEN BUYER(S) AND SELLER(S). <br />IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. <br />Minnesota <br />Realtors® <br />TRANSACTIONS <br />YransacHonOesk Ednlon <br />