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<br />immediately give written notice to Buyer, or licensee representing or assisting buyer, or <br />such fact and Buyer may, at Buyer's option, shall declare this Purchase Agreement <br />terminated by written notice to Seller or licensee representing or assisting Seller, in <br />which case this Purchase Agreement is terminated and neither party shall have further <br />obligations under this Purchase Agreement. In the event buyer declares this Purchase <br />Agreement terminated, Buyer and Seller shall immediately sign a Cancellation of <br />Purchase Agreement directing all earnest money paid hereunder to be refunded to <br />Buyer. <br /> <br />27. This Purchase Agreement is contingent upon Buyer obtaining a liquor license by <br />July I st from the State of Minnesota <br /> <br />28. This Purchase Agreement is contingent upon approval from the City Counsel to <br />Buyer to conduct business as a liquor store. <br /> <br />29. In the event that Seller acquires permission to view or copy current owners [mancial <br />statements, Seller shall inform Buyer immediately and provide such information to <br />Buyer. <br /> <br />30. This Purchase Agreement is contingent upon acceptable negotiation of a lease <br />agreement between Buyer and Owner of Property. <br /> <br />BUYER: SELLER: <br /> <br />I>ate I>ate <br /> <br />THIS IS A LEGALLY BINDING CONTRACT BETWEEN BUYER(S) AND SELLER(S) IF YOU DESIRE LEGAL OR TAX ADVICE. <br />CONSULT AN APPROPRIATE PROFESSIONAL <br /> <br />Y9 <br />