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DEC-10-03 WED 2:59 PM CLOSE-CONVERSE _____ FAX NO. 1 218 828 4330 P 4 ADDENDUM TO PURCHASP AGREEMENT Attached to and thereby made a part of that certain Purchase Agreement dated 1 e,C. (� c2 d,.? , 2003 for property located in the County of Crow Wing at 4638 County Road 11, Pequot, MN, by and between Northern Enterprises ot'Pequot Lakes, LLC(Scaler) and City of Pequot Lakes (Buyer). 1. Site. The site being purchased totals approximately 5 acres more or less and includes an approximate 25,590 square foot building located on County Road 1 I in the City of Pequot. Site shall include the area highlighted on the attached site plan on Exhibit B. 2. Assjgnment of Ezjst,ig Leasest All existing leases on the Property shall be assigned to the Buyer at closing. All security deposits, rent payments and interest shall be prorated as of the date of closing and shall be transferred to Buyer at Closing. 3. Performance 9f Seller's ObJig_ations, Seller shall have performed all of the obligations required to he performed by Seller under this Agreement, as and when required by this Agreement. Included within the obligations of Seller under this Agreement shall be the following: A. Removal of Pers�„onal Property and Debris. Seller agrees to remove all personal property, debris and trade fixtures from the inside of the building and on the property on or before Closing. The"sand blast booths"in the southeast portion of the manufacturing area shall remain with the building. B. Access to Real Prouertv, Seller shall allow Buyer, and Buyer's agents, access to the Real Property without charge and at all reasonable times upon reasonable notice to Seller for the purpose of Buyer's investigation and testing the same. Buyer shall pay all costs and expenses of such investigation and testing and shall restore the Real Property to its condition prior to such testing and will indemnify, defend and hold Seller and the Real Property harmless from all costs and liabilities relating to the Buyer's activities,including any liens. C. Survey. Within forty-five(45)days of the date of this agreement, Seller shall provide Buyer with a boundary survey prepared by a registered land surveyor licensed to practice in the state of Minnesota_ The cost of such survey shall be incurred by the Seller. D. Well Tests. Seller agrees to furnish a water test of the existing well prior to the date of closing at Seller's expense.