THIRD AMENDMENT TO PURCHASE AGREEMENT
THIS THIRD AMENDMENT TO PURCHASE AGREEMENT is dated this 3rd day of April,
1999, by and between Hillcrest Development ("Seller") and R & D Systems, Inc.
("Buyer").
RECITALS
1. Seller and Buyer entered into a purchase agreement dated January 22,
1999, for the sale and purchase of real property legally described as Xxxx 0, 0,
00, xxx 00, Xxxxxxx'x Subdivision Number 268, Hennepin County, Minnesota which
Purchase Agreement was amended by that certain First Amendment to Purchase
Agreement dated February 5, 1999 and Second Amendment to Purchase Agreement
dated February 16, 1999 (collectively, the "Purchase Agreement").
2. The parties wish to amend the Purchase Agreement on the terms and
conditions hereafter set forth.
NOW, THEREFORE, in consideration of the foregoing, the parties agree as
follows:
1. Paragraph (o) of Section IX is hereby deleted and replaced with the
following paragraph:
(o) To the best of Seller's knowledge, (i) the Property is
zoned for the Current Uses, (ii) the Property contains two (2) xxxxx,
and (iii) the Property does not contain any septic systems.
2. Pursuant to Section XXII of the Purchase Agreement, Seller and Buyer
agree to the form of the License Agreement, Parking Easement and Management
Agreement attached hereto as Exhibits A, B and C.
3. Except as provided for above, all the terms and conditions of the
Purchase Agreement shall remain in full force and effect.
BUYER: R & D Systems, Inc.
By: /s/ Xxxxxx X. Xxxxx
Its: President
SELLER: Hillcrest Development
By: /s/ Xxxxx Xxxxxxxxx
Its: General Partner
