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5 192567v3 Copies of all issued permits shall be provided to the City prior to the issuance of any development permits. 5. SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and assigns, including without limitation, any and all future and present owners, tenants, occupants, licensee, mortgagee and any other parties with any interest in the Property. 6. LIMITATION OF LIABILITY. Notwithstanding anything in this Agreement to the contrary, the liability of CSM shall be limited to its ownership of the Property. Upon sale or conveyance of any portion of the Property, the transferee shall be liable for all obligations of CSM which relate to the portions of the Property so transferred and the transferor shall be automatically released from any further obligation, liability, right or responsibility in respect to such transfer. The transferee may seek amendments of this Agreement or apply to the City for other land use approvals without further consent or authorization from the transferor. Moreover, nothing herein shall be construed to create a cause of action on behalf of the City against CSM with respect to its business operations beyond the obligations set forth herein relating to the development and maintenance of the Property. 7. RECORDING OF DOCUMENT. This Agreement shall run with the Property and shall be recorded in the office of the Ramsey County Recorder by the City. 8. GOVERNING LAW. The City and CSM agree that the laws of the State of Minnesota shall govern all questions and interpretations concerning the validity and construction of this Agreement and the legal relations between the undersigned parties and performance under it without regard to principals of conflicts of law. The language of this Agreement is and shall be deemed a result of negotiations among the parties and the respective legal council and shall not