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Alex's Lawn&Turf, LLC 651-415-5725 p.4 <br /> Mr. Lou Suski <br /> October 1, 2414 <br /> Page 3 <br /> contingencies. <br /> CLOSING COSTS: As is the custom in Minnesota. Seller will pay for a title insurance <br /> commitment and Buyer will pay the insurance premium. Seller will <br /> pay transfer taxes, state deed taxes and real estate <br /> commissions. Buyer to pay recording costs. Escrow fees to be <br /> split 50/50. All other items to be determined/negotiated, but <br /> generally based upon custom and practice. <br /> COMMISSION: Seller acknowledges that Jason Sell and Chris Weirens from <br /> Cushman &Wakefield/NorthMarq, represents the Buyer and will <br /> pay a brokerage commission of 4% of the gross Purchase Price, <br /> or half of the listing agreement, whichever is greater. Such <br /> commission shall be due and payable at closing. <br /> Execution of this Letter of Intent, the terms and conditions outlined in this proposal are by no means to be <br /> considered legally binding upon either party Rather,they are for discussion purposes only. No language <br /> contained within this proposal should be construed as a legal commitment. The parties are free to change <br /> or withdraw any of the terms within this Letter of Intent. <br /> Please sign below your acceptance of this Letter of Intent. If you have any questions, please call. <br /> Sincerely, <br /> Jason Sell Chris Weirens <br /> Director Associate <br /> 952.837.8615 952,893.8219 <br /> Accepted this day of 2014 <br /> ELLER BUYER <br /> By: By: <br /> Its: Its: lIe�t <br /> rOre.2 :V,94 <br /> etiwn <br /> 62 <br />