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Alex's Lawn&Turf,LLC 651-415-5725 p.2 <br /> 1i11+4� WAKEFIELD ( N o RTM MA CP 3500 American Btid.w,suite zoo <br /> Minneapolis,MN 55431 <br /> 952.831 1000 <br /> cushwakenm.com <br /> October 1,2014 <br /> Lou SUSki <br /> Gaughan Companies <br /> 1935 W County Rd 132, Suite 402 <br /> Roseville, MN 55113 <br /> RE: Letter of Intent,7087 20th Ave S,Centerville,Minnesota <br /> Dear Lou: <br /> On behalf of our client, Alex's Lawn and Turf, LLC,we are pleased to present the following Letter of Intent <br /> to purchase the above referenced property. This letter following describes the general terms and <br /> conditions for the proposed acquisition: <br /> LETTER OF INTENT <br /> PROPERTY ADDRESS: 7087 20"Ave S, Centerville, Minnesota <br /> PROPERTY ID NUMBER: 23.3122.14.0004 <br /> Legal to be determined <br /> PROPERTY DESCRIPTION: Approximately 1.5 acres, 6,030 sf building <br /> BUYER: Alex's Lawn and Turf, LLC <br /> SELLER: - <br /> PURCHASE PRICE: $325,000.00 <br /> EARNEST MONEY: $6,500 will be deposited to a mutually acceptable title company <br /> upon execution of the Purchase Agreement <br /> INSPECTION PERIOD: Buyer will have a 90-day due diligence period(the"Due Diligence <br /> Period") beginning when the Purchase Agreement is signed,to <br /> review- title commitment, survey,environmental reports, conduct <br /> additional environmental investigation, all building elements, <br /> parking lot,zoning, all city and regulatory approvals, site <br /> conditions, space planning building improvements, proposed <br /> development plans, and other due diligence related to the <br /> building and site. <br /> 60 <br />