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FIRST AMENDMENT TO PURCHASE AGREEMENT <br />THIS FIRST AMENDMENT TO PURCHASE AGREEMENT (this "Amendment") is made and <br />entered into as of this day of February, 2017 (the "Effective Date") by and between City of <br />Centerville, Minnesota ("Selleel and Jon R. Pederson and Sophie Pederson, husband and wife <br />(collectively "Buyer"). <br />RECITALS <br />WHEREAS, Buyer and Seller entered into a Purchase Agreement dated November 16, 2016 (the <br />"Purchase Agreement") wherein Seller agreed to sell to Buyer, and Buyer agreed to purchase from <br />Seller, the Property described as Lot 2, Block 1, Clearwater Business Park, Anoka County, <br />Minnesota; and <br />WHEREAS, Seller and Buyer desire to amend the Purchase Agreement pursuant to the terms of <br />this Amendment. <br />NOW, THEREFORE, In consideration of the foregoing Recitals and other good and valuable <br />consideration, the receipt and sufficiency of which is hereby acknowledged, Seller and Buyer <br />agree as follows: <br />1. Due Diligence Period. Notwithstanding anything contained In the Purchase Agreement <br />to the contrary, Section 5.a, of the Purchase Agreement shall be deleted in its entirety and <br />replaced with the following: <br />"Buyer shall have the right during a period commencing with the Effective Date and <br />ending on April 1, 2017 (the "Feasibillty and Inspection Period") for the following: <br />(i) to determine that Buyer is satisfied with any appraisals, surveys, reviews, inspections, <br />investigations and testing (including without limitation soil, environmental and <br />engineering tests and studies) of the Property made by or on behalf of Buyer; (ii) to <br />obtain all preliminary governmental permits and approvals necessary or appropriate in <br />Buyer's determination for Buyer's intended use of the Property; (iii) to determine that <br />Buyer is satisfied with the Seller's Due Diligence Documents and the matters disclosed <br />therein (collectively, the "Buyer's Contingencies"). If the Feasibility and Inspection <br />Period ends on a Saturday, Sunday or legal holiday, it shall be extended through the end <br />of the next business day." <br />2. Definitions. Except as otherwise provided in this Amendment, the terms defined in the <br />Purchase Agreement will have the same meaning when used in this Amendment. <br />3. Counterparts. This Amendment may be executed by email transmission and/or in any <br />number of counterparts. Each party may rely upon any emailed or counterpart copy as if it were <br />one original document. <br />70 <br />