5.0. & 5.1. & 5.2. EDSR 04-14-2008

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f. Aright of re-entry for breach of either of the covenants described in Section 6(e). If Buyer or Buyer's successors in title violate either of the covenants set forth in Section 6(e), Seller may commence an action in Sherburne County District Court seeking a judicial decree from the District Court that the Quit Claim Deed is canceled, that title to the Property reverts to Seller and that the Purchase Price is forfeited to the Seller, all as set forth in Minnesota Statute Section 469.105, Subd. 6. The forgoing is Seller's sole and exclusive remedy in the event of a breach of the covenants described in Section 6(e). Seller will not agree to subject the right of reentry described in this Section 6(f) to the lien of Buyer's mortgage, but Seller agrees that if Buyer defaults in the performance of its obligations under a mortgage recorded against title to the Property and the mortgagee forecloses or acquires title pursuant to a deed in lieu of foreclosure, Seller will release the covenants described in Section 6(e) and the right of reentry described in this Section 6(f) upon payment, by the party acquiring title to the Property at the sheriff s foreclosure sale or the party acquiring title through a deed in lieu of foreclosure, to Seller of an amount equal to $2.00 per square foot of the Property. (hereinafter, collectively, the "Permitted Encumbrances"). 7. Possession. Upon Buyer's full performance of Buyer's obligations under this Agreement, Seller must deliver possession of the Property to Buyer. 8. Closin .The Parties must meet at the offices of Seller at 13065 Orono Parkway, Elk River, Minnesota at 9:30 a.m., on May 7, 2008, or at such other place or other date as the Parties may establish by written agreement or pursuant to the provisions of Section 10 below (the "Date of Closing"), at which time: a. Seller must: (i) execute and deliver to Buyer the deed described in Section 6 above. Seller will include on the deed the statement "The Seller certifies that the Seller does not know of any wells on the described real property." (ii) execute and deliver to Buyer and Buyer's title insurer, if any, an appropriate Minnesota Uniform Conveyancing Form Affidavit (Form 117-M) evidencing the absence of bankruptcies, judgments, tax liens involving parties with the same or similar names as the Seller and evidencing the absence of mechanic's lien rights affecting the Property, unrecorded interests affecting the Property, persons in possession of the Property and known encroachments or boundary line questions affecting the Property; (iii) execute and deliver to Buyer anon-foreign affidavit in recordable form containing such information as is required under IRC Section 1445(b)(2) and any regulations relating thereto; (iv) provide Buyer or Title, as defined in Section 10 with the information necessary to complete a Minnesota Certificate of Real Estate Value; and 2150570v4 3