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GUARANTEE: <br />e Pres ent, Treasurer and Executive Director of Woods Academy, <br />Inc. shall jointly and individually guarantee the first $43,000.00 <br />of rental pryments. <br />ADDITIONAL AGREEMENT: This agreement shall be contingent upon the <br />acceptance by Tenant of a one year agreement with the City of <br />Maple Plain for the mutual use of the existing ize rink and ball <br />fields. <br />It is understood by the parties to this agreement that this is not <br />a legally binding contract and can be changed or withdrawn without <br />notice. However, it is the intent of woods Academy, Inc. to enter <br />into a legally binding lease agreement together with an exclusive <br />option to purchase agreement. The final lease and option to <br />purchase document shall be contingent upon approval of the board <br />of directors for Woods Academy, Inc. and shall be further contin- <br />gent upon obtaining any licenses, occupancy permits or any other <br />permits or approvals, if any, re4uired by the City of Maple Plain <br />or any other governmental agency having jurisdiction over the <br />establishment of Woods Academy, Inc. as a private school located <br />in the Maple Plain Elementary School property. <br />Very truly yours, <br />WOODS ACADEMY, INC. <br />Norbert Ger es <br />Trea..arer <br />NG/ dbk <br />Accepted By: <br />ORONO SCHOOL DISTRICT <br />I t s : Cha11m1aa._aL_. SLhoDl .Beard <br />Date : August 13, 1984 <br />