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COMMERCIAL BUYER AND/OR TENANT REPRESENTATION CONTRACT: EXCLUSIVE 91. Page 3 92. FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT ("FIRPTA"): Section 1445 of the Internal Revenue Code 93. provides that a transferee ("Buyer") of a United States real property interest must withhold tax from the transferor 94. ("Seller") if the Seller is a foreign person and no exceptions from FIRPTA withholding apply. A Buyer is personally 95. liable for the full amount of FIRPTA withholding tax required to be withheld unless the Seller furnishes Buyer with 96. specific documentation ensuring Buyer is exempt from the withholding requirements as prescribed under 26 USC 97. §1445. Due to the complexity and potential risks of failing to comply with FIRPTA, including the Buyer's responsibility 98. for withholding the applicable tax, Buyer should seek appropriate legal and tax advice regarding FIRPTA compliance, 99. as Broker will be unable to assure Buyer that the transaction is exempt from the withholding requirements. 100. INSPECTION: Broker recommends that Buyer and/or Tenant obtain a physical inspection and conduct further 101. investigation and due diligence of the property, including but not limited to inspecting and reviewing the financial 102. documents, environmental reports, surveys, and any additional methods of investigation of Buyer's and/or Tenant's 103. choice, to satisfy themself with the condition of the property. 104. AGENCY REPRESENTATION: 105. © Buyer and/or Tenant will agree to a dual agency representation and will consider properties listed by Broker. 106. ❑ Buyer and/or Tenant will not agree to a dual agency representation and will not consider properties listed by 107. Broker. 108. Real Estate Company Name: Partners Real Estate Mn 109. By: (Licensee) 110. Buyer and/or Tenant: Date: 111. Buyer and/or Tenant: Date: 112. OTHER POTENTIAL BUYERS AND/OR TENANTS: Broker may represent or work with other potential buyers and/ 113. or tenants for the same property before, during and after the expiration of this Contract. Other potential buyers and/or 114. tenants may consider, make offers or Purchase and/or Lease through Broker the same or similar properties as Buyer 115. and/or Tenant is seeking to acquire. 116. PREVIOUS AGENCY RELATIONSHIPS: Broker, or licensee representing Buyer and/or Tenant, may have had a 117. previous agency relationship with a seller and/or tenant of a property Buyer and/or Tenant is interested in Purchasing 118. and/or Leasing. Buyer and/or Tenant acknowledges that Buyer's and/or Tenant's Broker, or licensee representing 119. Buyer and/or Tenant, is legally required to keep information regarding the ultimate price and terms the seller and/or 120. lessor would accept and the motivation for selling and/or leasing confidential, if known. 121. TERMINATION OF FIDUCIARY DUTIES: Broker's fiduciary duties, except the duty of confidentiality, terminate upon 122. Buyer's and/or Tenant's successful closing and/or Lease of a property or expiration or cancellation of this Contract, 123. whichever occurs first. 124. NOTICE REGARDING PREDATORY OFFENDER INFORMATION: Information regarding the predatory offender 125. registry and persons registered with the predatory offender registry under MN Statutes 243.166 may be 126. obtained by contacting the local law enforcement offices in the community where the property is located, 127. or the Minnesota Department of Corrections at (651) 361-7200, or from the Department of Corrections Web 128. site at https:/Icoms.doc.state.mn.us/publicregistrantsearch 129. ENTIRE AGREEMENT: This Contract and all addenda and amendments signed by the parties shall constitute the 130. entire agreement between Buyer and/or Tenant and Broker. Any other written or oral communication between Buyer 131. and/or Tenant and Broker, including, but not limited to, e-mails, text messages, or other electronic communications 132. are not part of this Contract. This Contract can be modified or canceled only in writing signed by Buyer and/or Tenant 133. and Broker or by operation of law. All monetary sums are deemed to be United States currency for purposes of this 134. Contract. 135. ELECTRONIC SIGNATURES: The parties agree the electronic signature of any party on any document related to 136. this transaction constitute valid, binding signatures. MNC:BTRC:E-3 (8/25) WMinnesot