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<br />. <br /> <br />. <br /> <br />. <br /> <br />11. Real Estate Commission: Seller agrees to pay Frauenshuh Companies a real estate <br />commission equal to three point five percent (3.5%) of the purchase price. <br /> <br />12. Non-Bindino Letter of Intent: Only the Purchase Agreement when fully executed by both <br />Seller and Buyer shall constitute a binding and enforceable agreement obligating the <br />Seller to sell and the Buyer to purchase the Property. <br /> <br />If the foregoing is acceptable, please execute of the Letter of Intent and return it to the <br />undersigned on or before February 5, 2004. Upon receipt, I will proceed with a Purchase <br />Agreement. <br /> <br />Sincerely, <br />Frauenshuh Companies <br /> <br />~M <br /> <br />Senior Vice President <br /> <br />~ <br /> <br />~~,-j~' <br /> <br />Associate <br /> <br />Aqreed & Accepted <br /> <br />City of Arden Hills <br /> <br />By: <br />Its: <br /> <br />Date: <br />