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To the Owner: CPE Exchange 33968, LLC <br /> c/o Kraus-Anderson Realty Company <br /> 4210 West Old Shakopee Road <br /> Bloomington, MN 55437-2951 <br /> Attn: Matt Alexander <br /> To the City: City of Orono <br /> 2750 Kelley Parkway <br /> P.O. Box 66 <br /> Crystal Bay, MN 55323 <br /> Attn: 0.Aihj A-G(,Wu rLr,.s'}Y dy <br /> All notices given hereunder shall be deemed given when personally delivered or two business <br /> days after being placed in the mail properly addressed as provided herein. <br /> 6. Successors. All duties and obligations of Owner under this Agreement shall also <br /> be duties and obligations of Owner's successors and assigns. The terms and conditions of this <br /> Agreement shall run with the Property. <br /> 7. Effective Date. This Agreement shall be binding and effective as of the date <br /> hereof. <br /> CPE Exchange 33968, LLC <br /> By: <br /> J 7 Ir_ • erson <br /> It • Chief Manager <br /> STATE OF MINNESOTA ) <br /> ) ss. <br /> COUNTY OF HENNEPIN ) <br /> The foregoing instrument was acknowledged before me this /1 day of in 4y , <br /> 2011, by Jeff R. Peterson, the Chief Manager of CPE Exchange 33968, LLC a Minnesota limited <br /> liability company, on behalf of the limited liability company._ <br /> ./--(L&.169 <br /> ., . KARLA J JORDAN 1 Notary Public <br /> _ sll NOTARY PUBLIC 1 <br /> s; �,; ��1r' MINNESOTA 1 <br /> My Commission Expires Jan.31,2015 1 <br /> 3 <br />