Laserfiche WebLink
1� � <br /> , + <br /> '; �a�rt�N� �xce�1� �,e.v�l : <br /> � <br /> PURCHASE AG1t��MENT <br /> � <br /> : , TI-iTS PURCHASE AGREEMENT("Agreement"}is made as of July Zg,201 l, <br /> . between RYAN COMPANIES U$,INC., a Minnesota corporatioil("Seller"), and <br /> JEM TECHNTCAL MARKETING CO., INC., a Miiinesota eoiporation("Buyer"). <br /> In consideration of the lnutual terms and provisions of this Agreement,Seller and <br /> Buyer agree �s follows: <br /> 1. Sale of Propei�tX. Seller agi:ees to sell to Buyer,and Buyer agrees to buy fi•om <br /> Seller,the following property(collectively, "Property"): � <br /> . 1,1 Real Property. The real property located in the City of Orono,Hennepin County, <br /> Mirinesota,which is legally described on the attached Exhibit A or is shown <br /> cross-hatched on the niap attached as Exhibit A("Land"),together with(1)all <br /> buildings and improvements conshucted or located on the Laud and(2) all <br /> easements and rights benefiting or appurtenant to the Land(collectively, "Real <br /> Property").The Real Property has an address of 550 Old Ciystal Bay Roacl.The � <br /> area of the Land i5 approximately 4.23 acres. <br /> 1.2 Contracts,Permits,Wairanties and Records. Seller's interests in tl�e followiug <br /> , items, all of whicli relate to tlie Real Property,if any: all service and maintenance <br /> � cont�acts, equipment leases and oiher similar contracts, as described on Exhibit B � <br /> to this Agreement("Contracts"); all permits,licenses and trade names("Permits"}; <br /> � aIl warranties and guaranties relating to the Real Property("Warianfiies"); and all <br /> business records,including management,leasing,real estate taxes, assessnie��ts, <br /> ii�s�.uance,rents,maintenance,replirs, capital improvements and services <br /> ("Records"). . � <br /> 2. Purchase Price and Manner of Pavment. The total purcliase price("Purchase <br /> Price")to be paid by Buyer for the Property shall be __. '. .__.. <br /> ,__,. _ ., ..__, The Purchase Price shall be paid as follows: <br /> 2.1 $ as earnest money("Earnest Money" ), which Eariiest Money shall be <br /> � �aid to Old Republic National Title Insurance Company(" Escrow Agent") <br /> within five(5)days after full executiou and delivery of this Agreement and held � <br /> by it in accordance with the attached Escrow Agreement among Seller,Buyer and <br /> Escrow Agent. The Earnest Money shall be paid to Seller on the Closing Date, <br /> unless this Agreement is terminated as provided lierein. <br /> 2.2 . $ , in cash or by wire transfer of funds on the Closing Date. <br /> . t <br />��` <br /> � <br /> < , <br /> ! <br /> / <br />