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Claim Deed shall contain the following restrictions, covenants, and <br />conditions: <br />1. The Real Property herein conveyed shall be devoted to the <br />following use: light industrial. <br />2. The Real Property shall be devoted to such intended use in <br />accordance with the provisions of the Deed. <br />The Buyer shall devote the Real Property to its intended use, <br />attached hereto as Exhibit C, by December 31, 2020. If the Buyer <br />fails to devote the Real Property to its intended use on time, title to <br />the Real Property shall revert to Seller, at Seller's election, and, in <br />that event, Buyer shall promptly offer a deed to the Real Property <br />to Seller, who will then refund to Buyer the amount of the <br />Purchase Price paid by Buyer to Seller, without interest, less any <br />taxes and other encumbrances affecting marketability of title. <br />Notwithstanding the foregoing, Seller may, at its option, consider <br />an extension of time for good cause shown by Buyer. In the event <br />an extension is granted, such extension (a) shall be to a date <br />certain, (b) may be conditioned by Seller to protect the public <br />interest, and (c) during the period Buyer shall not transfer title to <br />the Real Property without the express written consent of Seller. <br />After the Buyer has devoted the Real Property to its intended use <br />in accordance with approved plans and specifications for the <br />development of the Real Property, submitted to the Seller, the <br />Seller shall provide to Buyer a certificate of compliance / <br />completion in recordable form within 30 days from the <br />determination thereof by Seller. <br />ii. Well Certificate. If there are wells on the Real Property, a Well <br />Certificate in the form required by Minn. Stat. § 103I.235. <br />iii. Other Affidavits. Any other affidavits or certificates that may be <br />required under Minn. Stat. § 116.48, Subd. 6, or Sect. 115B.16 or other <br />provisions of law. <br />iv. Other. Such other documents as may reasonably be required to transfer <br />fee title to the Property to Buyer. <br />b. Buyer's Closing Documents. On the Closing Date, Buyer will execute and/or <br />deliver to Seller the following (collectively, "Buyer's Closing Documents): <br />i. Purchase Price. The Purchase Price, by wire transfer. <br />2 <br />