Document:

ex-10.43

 Product Development Agreement for
 Ebalance
 

 between
 

 WESTERN ROBOTICS LTD. a British Columbia corporation with offices at #215-12837 76 Avenue, Surrey, B.C., Canada V3W 2V3, hereinafter “Western Robotics”;
 

 and 
 

 CELL MEDX  CORP . a Nevada corporation with offices at #446-123 West Nye Ln, Carson City, Nevada, 89706, hereinafter “CELL MEDX”
 

 

 

 

 

 

 This Development Agreement (the “Agreement”) is entered into and effective as of October 16, 2017 (the “Effective Date”) by and between Western Robotics and CELL MEDX, hereinafter the “Parties”.
 

 Western Robotics and CELL MEDX  enter into this Agreement regarding the redevelopment of the EBALANCE in accordance with the terms and subject to the conditions of this Agreement. This Agreement consists of the attached Agreement and Exhibit A (“Payment for Development Work”).
 

 

 

 IN WITNESS WHEREOF, the Parties have entered into this Agreement as of the Effective Date written above and both Parties agree to be bound by the enclosed terms and conditions.
 

 	 	
	 Western Robotics Ltd.
	 CELL MEDX  CORP.

	 

 

 

 By: /s/Bounchanh Thanasack
	 

 

 

 By: /s/ Frank McEnulty

	 Name:  Bounchanh Thanasack
	 Name: Frank McEnulty

	 Title:  Director
	 Title: President

 

 

 

 

 

 

 1
 WR Electronics Development Agreement
 

 

 
 AGREEMENT
 

 1. DEFINITIONS
 

 
 1.1
 “Product” shall mean an EBALANCE to be developed by CELL MEDX with development assistance from Western Robotics for manufacture and distribution by CELL MEDX under the terms of this Agreement and described in Section 2.3.
 

 1.2
 “Project” shall mean the design, redevelopment and manufacture of the EBALANCE in accordance with the Product Specifications and Responsibilities herein.
 

 1.3
 “Western Robotics Project Deliverables” shall mean the designs, schematics, prototypes, and other documentation delivered by Western Robotics to CELL MEDX as a result of Western Robotics’ successful completion of Project Specifications, Development Work and Project Deliverables as per schedule A.
 

 1.4
 “Western Robotics Technology” shall mean the know-how and technology developed by Western Robotics prior to or independent of the Project being performed under this Agreement.
 

 1.5
 “Development Work” shall mean that part of Western Robotics Technology which is provided to CELL MEDX as part of this Agreement.  Development Work shall refer to only that part of Western Robotics Technology which is delivered by Western Robotics to CELL MEDX  as the result of successful completion of the Project, being incorporated by Western Robotics within Western Robotics Project Deliverables and being incorporated by CELL MEDX in the Product.
 

 1.6
 “Confidential Information” shall mean (i) any trade secrets relating to either party’s product plans, designs, costs, prices and names, finances, marketing plans, business opportunities, personnel, research development, or know-how; (ii) any written information designated by the disclosing party as confidential and marked as confidential; (iii) the terms, conditions, and existence of this Agreement except by written consent of the other party. “Confidential Information” shall not include information that is or becomes generally known or available by publication, commercial use, otherwise through no fault of the receiving party.
 

 2. DEVELOPMENT
 

 2.1
 Western Robotics Contribution. During the course of the Project, Western Robotics shall assist in the development of the Product in accordance with the Product Specifications and Western Robotics Responsibilities contained herein.
 

 2.2
 Product Specifications. The Project as defined herein will result in the development of a Product specified by CELL MEDX as an “EBALANCE” that generates micro current.  The Product, as defined by CELL MEDX, will be a medical product that generates micro current into the human body through the skin. 
 

 2.3
 Western Robotics Responsibilities. Western Robotics will be responsible for the aspects of the Project, as defined in and mutually agreed upon by the Parties in a separate Exhibit A.
 

 3. PAYMENT FOR DEVELOPMENT
 

 CELL MEDX shall pay Western Robotics for participation in the Project, including development and deliverables in the amounts as set forth in and mutually agreed upon by the Parties in Exhibit A.  The fee associated with each phase of the Project is due upon initiation of that phase. The remainder of the fee associated with each phase is due upon successful completion of that phase. Continuation from one phase to the next is contingent upon approval by CELL MEDX and subsequent agreement by both Parties upon a formal definition of that phase.
 

 2
 WR Electronics Development Agreement
 

 

 
 4. CONFIDENTIALITY
 

 Each party shall protect the other’s Confidential Information from unauthorized dissemination and use with the same degree of care that such party uses to protect its own like information. Neither party will use the other’s Confidential Information for purposes other than those necessary to directly further the purposes of this Agreement. Neither party will disclose to third parties the other’s Confidential Information without the prior written consent of the other party.
 

 5. TERMINATION
 

 5.1
 Term. The term of this Agreement shall commence as of the Effective Date and shall continue until terminated as provided in this section.
 

 5.2
 Termination. CELL MEDX can terminate this Agreement with or without cause at any time by providing Western Robotics written notice of such cancellation. Upon receipt of such notice prior to Project completion, Western Robotics will discontinue development work on the Project and void all granted license rights to CELL MEDX.  If termination occurs prior to completion of the development phase of the Project, CELL MEDX shall pay for all services performed and expenses incurred by Western Robotics up to the date of receipt of the cancellation notice.
 

 5.3
 Breach. Upon a material breach of any terms of this Agreement, the non-breaching party can terminate this Agreement upon 30 days written notice if such a breach is not cured within said 30 day period.
 

 5.4
 Effect of Termination. In the event of termination or expiration of this Agreement for any reason, Sections 1, 4, 6, 7, and 9 shall survive termination. Any termination, for breach or otherwise, shall not affect any Products manufactured, in whole or in part, prior to the date of termination or expiration.
 

 6. WARRANTY
 

 6.1
 Western Robotics represents, warrants, and agrees that it is currently a corporation duly organized, validly existing, and in good standing under the laws of British Columbia, having full right, power, and authority, corporate and otherwise, to purchase, own, and license the Development Work. 
 

 6.2
 Western Robotics warrants that title to all software, firmware, and API’s delivered to CELL MEDX pursuant to this Agreement shall be free and clear of all liens, encumbrances, security interest, or other adverse interests or claims. Western Robotics warrants that none of the Development Work provided as a deliverable by this Agreement knowingly infringes any currently issued patent, copyright, or trade secret of a third party.  Western Robotics only warrants Development Work in isolation as delivered and will not be liable in any way that Development Work when implemented in combination with other methods or technologies not explicitly provided by and explicitly licensed by Western Robotics, creates a system or practice method which infringes a copyright, patent, or trade secret of a third party.
 

 7. INDEMNIFICATION
 

 7.1
 Western Robotics will indemnify CELL MEDX, its officers, directors, shareholders, employees, agents, and successors in interest for, from, and against liabilities, actions, claims, suits, damages, costs, and expenses incurred in connection with a claim for infringement which constitutes a breach of the foregoing Western Robotics warranties up to the amount of payment issued to Western Robotics to perform its duties under this agreement provided that Western Robotics is notified promptly in writing of such a claim or controversy.  Western Robotics shall have sole control over the defense and settlement of such a claim so long as no settlement adversely affects CELL MEDX ability to exercise its rights under this Agreement.  All expenses incurred by Western Robotics in defending  and settling  such a claim shall be provided by CELL MEDX.
 

 3
 WR Electronics Development Agreement
 

 

 
 

 7.2
 CELL MEDX  will indemnify and hold harmless Western Robotics, its officers, directors, shareholders, employees, agents, and successors in interest, for, from, and against any and all liabilities, actions, claims, suits, losses, damages, costs, and expenses, including reasonable attorney’s fees, incurred in connection with the manufacture, distribution, or sale by CELL MEDX  of the Product or future products incorporating the Development Work, in any country, except as specifically excluded by the indemnification in 7.1 above wherein an infringement or claim of infringement arises from the use of Development Work in ways specifically warranted in 6.2 above.  CELL MEDX shall have sole control over the defense and settlement of such a claim so long as no settlement adversely affects Western Robotics ability to exercise its rights under this Agreement.  
 

 7.3
 Notwithstanding anything to the contrary contained herein, this indemnification shall survive termination of this Agreement.
 

 8. DISPUTE RESOLUTION
 

 If there is a disagreement or dispute between the parties with respect to this Agreement or the interpretation thereof, such disagreement or dispute will be referred to binding arbitration to be conducted by a single arbitrator pursuant to the provisions of the Commercial Arbitration Act (British Columbia) and any amendments thereto, and the determination of such arbitrator will be final and binding upon the parties.
 

 9. GENERAL
 

 9.1
 Limitation of Liabilities. Neither party shall be liable for any indirect, incidental, consequential, punitive, or special damages, even if such party has been advised of the possibility of such damages.  Independent of, severable from and to be enforced independently of any other enforceable or unenforceable provision of this Agreement, in no event will Western Robotics aggregate liability to CELL MEDX with respect to any and all claims at any and all times arising from or related to the Product, in contract, tort, or otherwise exceed the actual consideration paid by CELL MEDX to Western Robotics for its development services under this Agreement.
 

 9.2
 Assignment. This Agreement, and any rights or obligations hereunder shall not be assignable by contract or by operation of law without the prior written approval of the other party. Merger or acquisition of either party by a third party shall not be deemed an assignment.
 

 9.3
 Notice. Any notice required or permitted to be given there under shall be in writing and shall be (i) personally delivered, including by messenger or courier; or (ii) sent by Certified Mail, postage prepaid; or (iii) transmitted by fax with a copy to be mailed on the same or next business day, as provided for under clause (ii) above to the following address; For Cell MedX; Cell MedX Corp. C/O Suite 820, 1130 West Pender Street Vancouver, B.C. V6E, 4A4, email yana@cellmedx.com; for Western Robotics Ltd. Suite 215-12837 76 Avenue, Surrey, B.C. Canada V3W 2V3. Each party may change such party’s address for notices by notices given in accordance with this Section 9.3.
 

 9.4
 Governing Law. This Agreement shall be governed in and construed and enforced in accordance with the laws of the Province of British Columbia.
 

 9.5
 Independent Contractor. Western Robotics and CELL MEDX acknowledge that each is an independent contractor and that under this Agreement neither Western Robotics nor CELL MEDX shall be considered for any purpose to be the agent, partner, franchisor, franchisee, or joint venture of the other. Nor shall Western Robotics or CELL MEDX have any obligation or responsibility to act on behalf or in the name of the other, of the power or authority to bind the other in any manner whatsoever. Any representation to the contrary by Western Robotics or CELL MEDX, or the employees or agents of either, shall be sufficient grounds for termination of this Agreement for cause.
 

 4
 WR Electronics Development Agreement
 

 

 
 

 9.6
 Severability. If any provision of this Agreement is determined to be illegal or unenforceable, then such provisions are hereby waived to the extent necessary for this Agreement to be otherwise enforceable.
 

 9.7
 Multiple Counterparts. This Agreement may be executed by facsimile and in several counterparts, all of which taken together will constitute one single Agreement between the parties. 
 

 9.8
 Entire Agreement. This Agreement and the schedules attached hereto, together with any Work Statements agreed upon and issued from time to time hereunder, constitute the entire agreement between the parties hereto with respect to the subject matter hereof, and supersedes and replaces all prior or contemporaneous understandings or agreements, written or oral, regarding such subject matter. Unless otherwise provided herein, this Agreement may not be modified, amended, rescinded, or waived, in whole or part except by a written instrument signed by the duly authorized representatives of both parties and expressly referring to this Agreement.
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 5
 WR Electronics Development Agreement
 

 

 
 Exhibit A
 Payment for Development Work Performed by Western Robotics Ltd.
 

 Project Specifications:
 

 Definitions
 These terms will be used throughout the rest of the document:
 •
 Action – Series of electric pulses to be administered to the patient
 •
 Treatment – Named collection (e.g. Pain and Wellness Management) of Actions
 

 Description
 The proposed redevelopment of the Product is specified by CELL MEDX as an “EBALANCE” medical product that generates micro current into the human body through the skin.  The Development Work of the EBALANCE is to extract existing features from the EBALANCE Italian & Ukrainian version prototypes to incorporate into one board design and output the same waveform outputs as the Italian version.
 

 The device applies a treatment by executing each action in a given order, where each action comprises of a series of electrical pulses to be administered to the patient’s skin. The current number of possible actions for each treatment is 26.  As each action is administered, the device will collect measurements. The PC software will allow the user to select a treatment, trigger device execution, and display the measurements.
 

 Development Work
 There are several phases that are involved in the Development Work that is summarized as follows:
 ·
 Extract same hardware design from existing EBALANCE Italian version prototype and use:
 o
 analog op-amp filter circuitry and feedback circuitry
 o
 all circuitry found during the hardware reverse engineering process
 ·
 Source an external medical grade certified power supply
 ·
 Use Western Robotics’ selected micro-controller and program its firmware to mimic EBALANCE Italian prototype’s micro-controller function for Wellness and Pain treatments (total of 52 possible waveforms with +/- 20% linear adjustable power, may not much the Italian version)
 ·
 Compare and confirm output waveforms and frequencies from developed prototype match Italian version prototype
 ·
 Re-design printed circuit board to accommodate new micro-controller and to match  Ukrainian version’s printed circuit board’s mounting holes and size.
 ·
 Develop new software interface and protocol with developed hardware prototype
 

 Software Design
 For a Windows application, compatible with Windows 7 to 10.
 

 The user interface will be completely re-designed  focusing on functionality, readability, and user-friendliness. Western Robotics may re-use certain elements of the Ukrainian or Italian version at the customer’s request..
 

 User interface components will include
 ·
 ·
 Menu listing treatments to run
 o
 Pain Management
 o
 Wellness
 ·
  
 ·
 Action number
 ·
 Results graph
 ·
 Start/stop toggle button
 ·
 Mute/unmute toggle button for the built in buzzer
 ·
 Set/Reset treatment usage counter, total counter and charge counter
 

 6
 WR Electronics Development Agreement
 

 

 
 

 Exhibit A Continued
 

 Execution Steps
 1.
 User chooses treatment by name
 2.
 User presses start button to begin
 3.
 For each action: 
 a.
 Action number is displayed
 b.
 Software sends action number and its series of pulses to device, and waits on the response
 c.
 Device returns series of measurements
 d.
 Software displays on the graph each measurement as a bar along a moving timeline, where the bar has a height and colour that represents its relative magnitude
 e.
 Start and Confirm button to confirm purchase of treatment
 

 

 Results Graph
 The data will be received from the device after each action is started, in the form of discrete values over a period of time. Each value will appear as a vertical bar in the graph, where the X-axis represents time and the Y-axis represents magnitude. Each bar will also be coloured to indicate the efficacy of the results, according to their relative magnitude: red for low values, yellow, or green for high values (actual values TBD).
 

 Sound
 The user can, at any time, click the buzzer mute/unmute button. The software will send a signal to the device with the user’s choice, and the device will turn its sound on or off.
 

 

 Project Deliverables:
 

 1. Product Prototype
 Eight fully functional sets of printed circuit board assemblies. The features included are:
 

 q
 Design features same as EBALANCE Italian version prototype.  Refer to Development Work.
 q
 Board size similar to EBALANCE Ukrainian version prototype.
 q
 Input and output ports similar to EBALANCE prototypes.
 q
 New software interface (Windows 7 and up compatible) with new custom protocol for Product prototype.  Refer to Software Design above. 
 q
 Provides same Wellness and Pain treatments total of 52 waveforms.
 q
 New Source medical grade certified external power supply
 q
 Integrated USB port.
 

 Emissions and certification approvals such as FCC, CSA, CE and/or any other compliant testing are not included as part of the Project.
     
 2. Product Documentation
 Product electrical schematic design files, bill of materials, printed circuit board Gerber files, firmware source code, frequencies and wave forms documentation, programming files, PC software application and source code files.
 

 

 

 

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 WR Electronics Development Agreement
 

 

 
 Exhibit A Continued
 

 Terms of payment:
 

 There will be 3 phases of payment :
 1.
 CELL MEDX provides first Initial payment of $10,000 (Paid October 16, 2017)t. 
 a.
 Western Robotics allocates time to initiate project
 2.
 Second l payment of $115,000 within 2 weeks of signed Agreement or when Western Robotics confirms start of Development Work (whichever comes first)
 a.
 Western Robotics confirms design initiation.
 b.
 Western Robotics delivers in-house prototypes for CELL MEDX for approval
 c.
 Completion of eight prototypes to be delivered in approximately 5 months including required software (Tentative upon discrepancies).
 3.
 CELL MEDX provides final payment of $125,000 upon approval and completion fully functional prototype boards.  Western Robotics will:
 a.
 fix any remaining bugs or adds minor additional features upon discretion.
 b.
 provide final schematic design, firmware and PCB layout gerber files and documentation.
 

 Total non-refundable engineering fee of $250,000 CAD.
 All additional delivery/shipping cost to be provided by client.
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 8
 WR Electronics Development AgreementEX-10.1

 Exhibit 10.1 

REAL ESTATE PURCHASE AND SALE AGREEMENT 

This Real Estate Purchase and Sale Agreement (this “Agreement”) is dated as of December 8, 2017 (the “Effective
Date”), by and between The Manitowoc Company, Inc., a Wisconsin corporation (“Seller”), and Investors Community Bank, and/or assigns (“Purchaser”). 

RECITALS 
 A. Seller owns
certain real property located at 2400 S. 44th Street, Manitowoc, Wisconsin, which consists of approximately 10.75 acres of land, as more particularly described on Exhibit A attached hereto (hereinafter referred to as the
“Land”). 
 B. Purchaser desires to purchase from Seller the Land and the other property described hereinafter as the
“Property,” and Seller wishes to sell the Property to Purchaser in accordance with the terms, provisions and conditions of this Agreement. 

NOW THEREFORE, in consideration of the foregoing Recitals, the mutual covenants and promises hereinafter set forth, and other
good and valuable consideration, the receipt and sufficiency of all of which is hereby acknowledged, the parties hereby agree as follows: 
 1. Sale of
Property. Subject to the terms and conditions of this Agreement, Seller will sell to Purchaser, and Purchaser will purchase from Seller, all of the following property (collectively, “Property”): 

1.1 The Land. 
 1.2 All
buildings, structures, fixtures and other improvements situated on the Land; all fixtures and equipment attached to or located upon or within the Land or the improvements thereto, including without limitation all central heating and cooling units
and attached floor and wall coverings; paneling; ventilating, humidifying, dehumidifying, plumbing, fire extinguishing, and electrical systems and all appliances, machinery, fixtures, and equipment pertaining thereto; and all boilers, incinerators,
and the appliances, machinery, fixtures, and equipment pertaining thereto (collectively, the “Improvements”), but specifically excluding any leased Improvements disclosed by Seller in Seller’s Diligence Materials. 

1.3 All appurtenances, rights, privileges and easements benefiting, belonging, or pertaining to the Land, including, without limitation, all
right, title, and interest of Seller: (i) in and to any land lying in the bed of any highway, street, or road, open or proposed, in front of, abutting or servicing the Land; (ii) in and to any condemnation awards, or payments in lieu of
such awards, for change of grade, alignment or access rights with regard to such highways, streets and roads; (iii) in and to any alleys, strips, or gores of land adjacent to the Land; and (iv) any easements benefiting the Land
(collectively, the “Appurtenances,” and with the Land, the “Real Property”). 
 1.4 All of
Seller’s right, title and interest in and to all of the office furniture, such as desks, file cabinets and chairs of Seller, plus any other furniture, fixtures, equipment and/or other personal property of Seller’s the parties agree to in
writing within ten (10) days of the Effective Date (collectively, the “Personal Property”). In the event that Purchaser and Seller are unable to 

  
 1 

 
agree in writing upon the Personal Property to be included and on the Allocation (as defined below), then Purchaser and/or Seller may terminate this Agreement within five (5) days of the
expiration of such ten (10) period (the “Identification Period”). 
 1.5 To the extent assignable, all of Seller’s
interest in any governmental approvals, permits and licenses issued with respect to the Real Property (collectively, the “Licenses and Permits”) and any of Seller’s interest in and to any drawings, plans, engineering reports,
specifications, contract rights, and general intangibles related to the Real Property (collectively with the Licenses and Permits, the “Intangibles”). 

2. Purchase Price. As consideration for purchasing the Property, Purchaser will pay to Seller the sum (“Purchase Price”) of Five
Million and No/100 Dollars ($5,000,000.00), payable as follows: 
 2.1 Earnest Money. Purchaser will deposit the sum of Two Hundred
Fifty Thousand and No/100 Dollars ($250,000.00) (the “Earnest Money”) with First American Title Insurance Company (“Escrow Agent”), within five (5) days of execution of this Agreement. Escrow Agent shall hold
and disburse the Earnest Money in accordance with the terms of this Agreement and a written strict joint order escrow agreement (the “Escrow Agreement”) prepared on a customary form provided by the Escrow Agent, which Seller and
Purchaser shall execute and deliver to one another and to Escrow Agent promptly after the execution of this Agreement. Notwithstanding anything in this paragraph to the contrary, the Earnest Money shall not be due until an Escrow Agreement has been
duly executed by and delivered to each of Purchaser, Seller and Escrow Agent. 
 2.2 Balance of Purchase Price. The balance of the
Purchase Price, plus or minus prorations and other adjustments provided hereunder will be due by Purchaser at Closing, which Purchaser shall pay in cash or other immediately available funds at Closing, with Escrow Agent making all closing
disbursements. The Earnest Money, together with any interest accrued thereon, paid by Purchaser under this Agreement shall be credited against the Purchase Price. The Purchase Price shall be allocated between the Land, Improvements and Personal
Property as provided in Section 2.3 below. 
 2.3 Allocation of Purchase Price. The Purchase Price shall be allocated to the
Personal Property to be acquired by Purchaser as agreed to by the parties in writing prior to the expiration of the Identification Period (the “Allocation”). Seller agrees that it shall not use any figures which are inconsistent with such
allocation in any filing with the Internal Revenue Service or any other Federal or State agency after the date of the Closing. 
 3. Due Diligence. 

3.1 Seller shall provide copies to Purchaser or otherwise make available to Purchaser at the Property any of the documents listed on
Exhibit C attached hereto (the “Seller’s Diligence Materials”) to the extent the same are in Seller’s actual, physical possession within ten (10) days of the Effective Date. 

  
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 3.2 Purchaser shall have until the date that is January 15, 2017 (the “Inspection
Period”) to inspect and investigate the Real Property and determine whether the same is satisfactory to Purchaser, in Purchaser’s sole discretion, including, but not limited to, a review of the zoning of the Real Property and
confirming that such zoning permits Purchaser’s intended use of the Real Property. Notwithstanding the expiration of the Inspection Period, Purchaser shall have the right, subject to the terms herein, during normal business hours and upon
reasonable notice, to enter upon the Property to inspect and investigate the Property until Closing. Purchaser’s inspections and investigations shall include, but not be limited to, the following reviews, investigations and analysis of the
Property: 
 3.2.1 Review of Seller Diligence Materials. If Purchaser’s review of Seller’s Diligence Materials discloses
any condition of the Property which Purchaser determines, in its sole discretion, is unsatisfactory for any reason or no reason, Purchaser may terminate this Agreement by providing Seller with a written notice of the same prior to the end of the
Inspection Period and Purchaser shall receive a return of the Earnest Money from Escrow Agent. 
 3.2.2 Title and Survey. 

(a) Within ten (10) days after the Effective Date, Seller shall provide Purchaser, at Seller’s expense, a title commitment for an
ALTA owner’s policy of title insurance on the Real Property (the “Title Commitment”) and copies of all documents referenced in the Title Commitment from Escrow Agent (also referred to herein as the “Title
Company”). During the Inspection Period, Purchaser may elect to obtain, at Purchaser’s expense, a survey of the Property (a “Survey”). Upon completion, Purchaser will promptly provide Seller with a copy of the Survey.
Purchaser shall have until the end of the Inspection Period to review and object to the condition of title reflected in the Title Commitment or Survey. On or prior to the expiration of the Inspection Period, Purchaser may deliver to Seller a written
notice of Purchaser’s objections to any matters raised by its review of the Title Commitment and Survey (the “Title and Survey Objections”). If Purchaser does not deliver to Seller notice of any Title and Survey Objections on
or prior to the expiration of the Inspection Period, then Purchaser shall be deemed to have waived its right to object to any matters appearing on the Title Commitment and the Survey, except for any matters which Seller is obligated to satisfy or
caused to be insured over pursuant to 3.2.2(b) below. Within ten (10) days of receipt of any such notice of Title and Survey Objections as set forth in this Section 3.2.2, Seller shall notify Purchaser in writing of Seller’s election
to cure, at Seller’s sole expense, such Title and Survey Objections or Seller’s election to not cure such Title and Survey Objections (“Seller’s Response Notice”) (provided that Seller shall not be obligated to cure
any such Title and Survey Objections that constitute Permitted Exceptions listed in 3.2.2(b) below). If Seller fails to provide Seller’s Response Notice to Purchaser within the ten (10) day period provided above, then Seller will be deemed
to have elected to not cure any Title and Survey Objections. If Seller fails to provide the Seller’s Response Notice or provides the same electing not to cure any of the Title and Survey Objections, then Purchaser shall notify Seller and Escrow
Agent, within three (3) business days following the later of receipt of Seller’s Response Notice or the expiration of the ten (10) day period to provide such Seller’s Response Notice, of Purchaser’s election, in its sole and
absolute discretion, to either (i) terminate this Agreement (whereupon this Agreement shall terminate and Purchaser shall receive the Earnest Money from Escrow Agent) or (ii) proceed to Closing and accept title to the Real Property subject
to those Title and Survey Objections which Seller so 

  
 3 

 
notified Purchaser would not be cured. If Purchaser fails to notify Seller within three (3) business days following receipt of Seller’s Response Notice as provided above, then Purchaser
shall be deemed to have elected to accept title to the Real Property subject to those Title and Survey Objections which Seller so notified Purchaser would not be cured. 

(b) At Closing, Seller shall convey to Purchaser fee simple title to the Real Property in the form of a special warranty deed (the
“Deed”) subject only to the Permitted Exceptions. The “Permitted Exceptions” shall consist of: (i) the lien of general real estate taxes and other public charges for which Purchaser is responsible under this
Agreement (“Current Taxes”); and (ii) any recorded easements, restrictions, covenants or other exceptions shown on the Title Report or the Survey (or which would have been revealed by an accurate ALTA survey of the Real
Property) to which Purchaser does not object to in writing as set forth in Section 3.2.2(a) above. 
 (c) At Closing, Seller shall:
(i) execute Title Company’s customary form of title affidavits to allow for the removal of standard title exceptions (other than those relating to survey matters (which Purchaser shall be solely responsible for removing)), which shall not
add any new exceptions to title, and which shall provide indemnities relating to any gap coverage required by Purchaser; (ii) execute such other instruments as are customarily and reasonably required by the Title Company for compliance with tax
reporting or disclosure requirements; and (iii) furnish such customary written evidence of Seller’s organizational status and authority to consummate this transaction as the Title Company may reasonably require. Notwithstanding anything
contained in this Agreement to the contrary, Seller shall be obligated, at its sole cost and expense, to satisfy or cause to be bonded or insured over to the reasonable satisfaction of Purchaser and the Title Company, at or prior to Closing, all
mortgages, tax liens and judgments affecting the Real Property. 
 3.3 Inspections, Tests and Studies. During the Inspection Period
and thereafter if this Agreement has not been terminated, Purchaser and its Permittees (defined below) shall have the right, at Purchaser’s sole risk and expense, to access the Real Property. During the Inspection Period, Purchaser and its
Permittees may perform such investigations, inspections, tests and studies of the Real Property as Purchaser shall deem necessary or advisable, including, at Purchaser’s election, a “Phase I Assessment” (the
“Studies”). If, after the review of the information included in any of the Studies, Purchaser determines, in its sole discretion, that the condition of the Property is not acceptable to Purchaser for any or no reason, including,
without limitation, the economic feasibility of the Property, then Purchaser may terminate this Agreement by providing Seller a written notice of the same prior to the end of the Inspection Period. Notwithstanding anything to the contrary in this
Section 3.3, neither Purchaser nor its Permittees shall perform any invasive testing (including, but not limited to any soil testing, any Phase II testing or testing for the presence of hazardous building materials) on the Real Property nor
take any samples from the Real Property without the express written consent of Seller, which consent may be withheld, conditioned or delayed in Seller’s sole and absolute discretion. Purchaser may conduct such inspections, tests, surveys,
interviews and other analyses as Purchaser determines is necessary, including, without limitation, entry into or upon every space within the Property and Seller shall make available to Purchaser for its review, the Seller’s Diligence Materials,
to the extent in Seller’s possession or control. In connection with the Studies, Seller shall permit Purchaser and its designated representatives, contractors and 

  
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engineers (collectively, “Permittees”), upon reasonable advance notice, access to and entry upon the Real Property to conduct the Studies. Purchaser shall not permit any liens to
attach to the Property by reason of the exercise of its rights hereunder, and if any of the same are filed, Purchaser shall promptly cause the same to be removed or bonded over. Purchaser shall promptly repair any damage to the Property occasioned
by Purchaser or the Permittees’ gross negligence or willful misconduct and shall restore the Property to its condition immediately prior to such entry. Purchaser shall indemnify and hold Seller harmless from and against any and all cost,
expense, liability, or damage arising out of the following (except in each case to the extent the following arises out of the negligence or willful misconduct of Seller or arises out of preexisting conditions): (i) any injury to any person or the
Property, or any claim against Seller, attributable to Purchaser’s or its Permittees’ exercise of any of their rights hereunder (including, but not limited to, the entry upon the Property by Purchaser and/or its Permittees); and
(ii) any mechanics liens filed against the Property or claims or demands made against Seller for work performed by or on behalf of the Purchaser or its Permittees. Purchaser, the Permittees and their agents and contractors performing the
studies shall each carry commercial general liability insurance in an amount not less than One Million and no/100ths Dollars ($1,000,000), insuring all of their activities in connection with Purchaser and the Permittees, and Seller shall be named as
an additional insured on all such policies. The terms of this Section 3.3 shall survive Closing or termination of this agreement, as the case may be. For purposes of this Section 3.3, it shall be deemed reasonable
advance if Purchaser provides two (2) days prior notice. 
 3.4 Supplemental Title Report. In the event the Title Company issues
one or more supplemental Title Reports, the “Title Report” shall be deemed amended to incorporate the changes reflected in such supplemental Title Reports. Notwithstanding anything to the contrary contained herein, Purchaser shall
have five (5) business days following receipt by Purchaser of a supplemental Title Report to deliver a supplemental Purchaser’s Title Notice with respect to any new item not shown on the Title Report, in which case such items shall be
deemed to be Title Objections and the procedures and provisions of Section 3.2.2(a) shall apply to such items, including Purchaser’s right to receive a return of the Earnest Money pursuant to and in accordance with Section 3.2.2(a).

 3.5 Termination by Purchaser; Failure to Terminate. If Purchaser elects to terminate this Agreement for any of the reasons set
forth in this Section 3 during the Inspection Period, the Earnest Money shall immediately be returned to Purchaser upon Purchaser’s delivery of a written termination notice to Seller, Purchaser shall promptly return the Seller’s
Diligence Materials to Seller and this Agreement shall be of no further force or effect, except for those matters which, by the express terms of this Agreement, survive the termination of this Agreement. If such notice of termination is not received
by Seller during on or before the expiration of the Inspection Period, as applicable, then, unless this Agreement is terminated in accordance with the provisions of Sections 3, 7.4, 11.1, 12 or 13 of this Agreement, the Purchaser’s right to
terminate this Agreement pursuant to this Section 3 (except pursuant to Sections 3.2.2 or 3.4) shall be deemed waived and the Earnest Money shall become non-refundable to Purchaser, but shall be
applicable to the Purchase Price at Closing. 

  
 5 

 4. Covenants by Seller. Seller covenants and agrees with Purchaser as follows from the Effective Date
until the Closing Date: 
 4.1 Transfers; Easements. Seller shall not transfer, encumber or restrict any of the Property or any
interest therein, or create or permit to be created any easements on the Real Property, without Purchaser’s prior written consent. 

4.2 Operation. Prior to the date of Closing, Seller shall operate, maintain, repair and insure the Property in a manner consistent with
the existing operation, maintenance, repair and insurance of the Property; provided that Seller’s maintenance obligations under this Section shall not include any obligations to make capital expenditures not incurred in Seller’s ordinary
course of business or any other expenditure not incurred in Seller’s ordinary course of business. 
 5. Representations and Warranties by Seller.
Seller hereby represents and warrants to Purchaser that, to Seller’s actual knowledge without investigation or inquiry, all of the following statements in this Section 5 are true, correct and complete as of the Effective Date and again as
of the Closing Date: 
 5.1 Authority. This Agreement and Seller’s Closing Documents when executed will be the legal, valid and
binding obligation of Seller, enforceable against Seller in accordance with their terms, subject to applicable bankruptcy, insolvency, reorganization, creditor’s rights and other similar laws. 

5.2 FIRPTA. Seller is not a “foreign person,” “foreign partnership,” “foreign trust” or “foreign
estate” as those terms are defined in Section 1445 of the Internal Revenue Code. 
 5.3 Seller Organization. Seller is a
corporation validly existing and in good standing under the laws of the State of Wisconsin. Seller has the requisite power and authority to enter into and to perform its obligations under this Agreement and Seller’s Closing Documents. This
Agreement and Seller’s Closing Documents when executed will be duly authorized by all necessary action on the part of the Seller and have been or will be duly executed and delivered by Seller. Seller’s execution, delivery and performance
of this Agreement and Seller’s Closing Documents will not conflict with the result and the violation of Seller’s organizational documents or any judgment, order or decree of any court or arbiter, to which Seller is a party. 

5.4 Personal Property. Seller has complete power and authority to sell, transfer, and convey the Personal Property to Purchaser. The
Personal Property shall be, on the Closing Date, free and clear of all liens, claims, or encumbrances, fully paid for and located on the Property on the Closing Date. 

5.5 Litigation, Court Orders. There are no legal actions, condemnation proceedings, suits, or other legal administrative proceedings,
pending or threatened against the Property, and there are no governmental agency or court orders requiring repairs, alterations, or corrections of any existing conditions on the Property. 

5.6 No Prior Right to Purchase. No person has any option, right of first refusal, or similar right to purchase all or any portion of
the Property. 
 5.7 No Adverse Possessors. There are no parties in possession of any portion of the Property as tenants at
sufferance or trespassers. 

  
 6 

 5.8 No Lessees. There are no parties in possession of any portion of the Property as
lessees. 
 5.9 Hazardous Wastes. There are no Hazardous Materials on the Property in violation of any applicable federal, state,
county, municipal, or other applicable environmental laws, ordinances, regulations, orders, directives, or other requirements of such governmental authorities. (“Environmental Requirements”). Seller has not received written notice
concerning any alleged violation of Environmental Requirements. As used herein, the term “Hazardous Substances” shall mean any hazardous, toxic, or radioactive substances, materials, or wastes, pollutants or contaminants, as
defined, listed or regulated by any federal, state, or local law, regulation or order including, without limitation, asbestos or asbestos-containing building materials and PCBs. Each of the Seller representations and warranties contained in this
Agreement shall survive the Closing for six months following the Closing Date. 
 All of the Seller’s representations and/or warranties contained
herein shall automatically be null and void and of no further force and effect after the date which six months following the Closing Date unless, prior to the end of such three month period, Purchaser shall have commenced a legal proceeding against
Seller, alleging a breach of such representation or warranty when made, and that Purchaser has suffered actual damages as a result thereof. Notwithstanding anything to the contrary contained in this Agreement, to the extent that Purchaser obtains
knowledge or documentation prior to Closing that any of Seller’s representations or warranties were untrue when made in any material respect. Purchaser’s sole and exclusive remedy as a result thereof shall be to terminate this Agreement
and receive a refund of Earnest Money (thereby waiving all rights to seek and recover damages against Seller with respect to any such misrepresentation of which Purchaser is deemed to have knowledge), and thereafter, Purchaser and Seller shall have
no further rights or obligations under this Agreement to survive the termination hereof; and if, notwithstanding such breach of a representation, Purchaser elects to close the transaction contemplated by this Agreement, Purchaser shall be deemed to
have waived its rights to recover damages from Seller following the Closing with respect to any such misrepresentation of which Purchaser is deemed to have knowledge. 

Purchaser agrees that it is conducting its own investigations and inquiries as to the Property, which is (except as expressly provided for in this Agreement)
being sold on an “as is, where is” basis, as further provided in Section 17 below. Therefore, Seller’s liability for any breach of a representation or warranty contained in this Agreement shall in no event exceed Three Hundred
Thousand and no/100 Dollars ($300,000) (the “Seller’s Maximum Liability”). The terms and provisions of this Section 5 shall survive the closing of the transactions hereunder or the earlier termination
of this Agreement. 
 6. Representations, Warranties and Covenants by Purchaser. Purchaser represents, warrants and covenants to Seller as follows as
of the Effective Date and again as of the Closing Date: 
 6.1 Authority. Purchaser has the requisite power and authority to enter
into this Agreement and Purchaser’s Closing Documents (as hereinafter defined). This Agreement and Purchaser’s Closing Documents when executed will be duly authorized by all necessary action on the part of Purchaser and have been or will
be duly executed and delivered by Purchaser. Purchaser’s execution, delivery and performance of this Agreement and Purchaser’s Closing 

  
 7 

 
Documents will not conflict with or result in violation of Purchaser’s organizational documents, or any judgment, order or decree of any court or arbiter, to which Purchaser is a party. To
Purchaser’s knowledge, this Agreement and Purchaser’s Closing Documents when executed will be valid and binding obligations of Purchaser, enforceable against Purchaser in accordance with their terms, subject to applicable bankruptcy,
insolvency, reorganization, creditor’s rights and other similar laws. 
 6.2 Actions against Purchaser. Purchaser (i) has
not applied for, consented to, or is subject to the appointment of a receiver, trustee, custodian, liquidator or other similar official for itself or for all or a substantial part of its assets; (ii) is not subject to a bankruptcy, insolvency,
reorganization, liquidation, dissolution or similar proceeding, or has admitted in writing its inability to pay its debts as they become due; (iii) has not made an assignment for the benefit of creditors; (iv) has not filed a petition or
an answer seeking, consenting to, or acquiescing in a reorganization or an arrangement with creditors, or sought to take advantage of any bankruptcy law, insolvency law or other law for the benefit of debtors; or (v) has not filed an answer
admitting the material obligations of a petition filed against it in any bankruptcy, insolvency, reorganization, liquidation, dissolution or similar proceeding. The terms and provisions of this Section 6 shall survive the closing of the
transactions contemplated hereunder or the earlier termination of this Agreement for a period of six (6) months. 
 7. Closing. 

7.1 Closing Date. Closing of the transaction contemplated by this Agreement (the “Closing”) shall occur through escrow
with the Title Company not later than March 1, 2017. As used in this Agreement, the term “Closing Date” shall mean the date on which the Closing actually occurs. 

7.2 Purchaser’s Conditions Precedent to Closing. In addition to the satisfaction of Purchaser’s contingencies set forth in
Section 3 hereof, Purchaser’s obligation to consummate the transaction contemplated by this Agreement will also be subject to satisfaction or waiver of each of the following conditions: 

7.2.1 Representations and Warranties of Seller. The representations and warranties of Seller set forth herein, will be true and correct
as of the Closing Date in all material respects. 
 7.2.2 Obligations of Seller. Seller will have performed all of the obligations
required to be performed by Seller under this Agreement, as and when required by this Agreement, in all material respects, including the payment or satisfaction of all obligations or costs required to be paid by Seller under this Agreement. 

7.2.3 Title to the Real Property. Title to the Real Property shall be in the condition required by Section 3.2 and 3.4 of this
Agreement, there shall be no new exceptions to title made between the effective date of the Title Report and the Closing Date, and the Title Company is ready, willing, and able to (a) issue a closing protection letter to Purchaser, at no
additional cost to Purchaser, and (b) issue to Purchaser an owner’s policy of title insurance in a form and with all endorsements as approved by Purchaser as evidenced by the Title Report and

  
 8 

 
subject only to Permitted Exceptions in the amount of the Purchase Price and Seller complies with all requirements set forth in the Title Report required by the Title Company of Seller for
issuance of such title policy. 
 7.2.4 Closing Documents. Seller shall have executed and delivered the Seller’s Closing
Documents. 
 7.3 Seller’s Conditions Precedent to Closing. Seller’s obligation to consummate the transaction contemplated
by this Agreement will be subject to satisfaction or waiver of each of the following conditions: 
 7.3.1 Representations and Warranties
of Purchaser. The representations and warranties of Purchaser set forth herein will be true and correct in all material respects. 

7.3.2 Purchase Price. Purchaser shall have delivered the Purchase Price (subject to any adjustments described in this Agreement) to
Escrow Agent. 
 7.3.3 Purchaser’s Closing Documents. Purchaser shall have executed and delivered all of the Purchaser’s
Closing Documents. 
 7.3.4 Lender Consent. Seller shall have received written consent from its lenders to the transaction
contemplated hereunder this Agreement in a form reasonably acceptable to Seller (the “Lender Consent”). In the event Seller fails to receive the Lender’s Consent on or before December 31, 2017, Seller may provide Purchaser
with written notice thereof on or before such date, in which case this Agreement shall terminate, Purchaser shall receive a return of its Earnest Money, the parties shall have no further obligations hereunder, except those obligations which
expressly survive the termination of this Agreement, and Seller shall reimburse Purchaser for the reasonable due diligence costs Purchaser incurred in an amount not to exceed $20,000. If Seller fails to timely notify Purchaser that Seller failed to
obtain the Lender’s Consent, then Seller shall have waived its rights to terminate this Agreement pursuant to this Section 7.3.4. 

7.4 Failure of Conditions to Closing. Notwithstanding anything to the contrary contained in this Agreement, if any of the conditions
set forth in Sections 7.2 or 7.3 of this Agreement are not timely satisfied or waived (other than due to a default by one of the parties hereto, in which case the non-defaulting party shall be entitled to any
remedy available to it under this Agreement for such default), or if this Agreement is otherwise terminated in accordance with the terms of this Agreement with reference to the provisions of this Section 7.4, then: 

7.4.1 This Agreement and the rights and obligations of Purchaser and Seller hereunder shall terminate, and this Agreement shall be of no
further force or effect, except for those matters which, by the express terms of this Agreement, survive the termination of this Agreement; and 

7.4.2 All documents deposited by Purchaser shall be promptly returned by or through Escrow Agent to Purchaser, and all documents deposited by
Seller shall be promptly returned by or through Escrow Agent to Seller; and 

  
 9 

 7.4.3 All funds, including the Earnest Money, held by Escrow Agent shall be promptly refunded by
Escrow Agent to Purchaser. 
 7.5 Fees and Expenses. If this Agreement terminates because of the
non-satisfaction of any condition to Closing, the fees and expenses of the Escrow Agent and/or the Title Company shall be borne by Seller (except in the event that either Purchaser or Seller is in default
under this Agreement, in which case the defaulting party shall pay the entire amount of such fees and expenses). 
 8. Seller’s Closing
Documents. On or before the Closing Date, Seller will execute and/or deliver to Escrow Agent or cause to be executed and/or delivered the following (collectively, “Seller’s Closing Documents”): 

8.1 Deed. The Deed conveying the Real Property to Purchaser subject to only the Permitted Exceptions. 

8.2 Assignment and Assumption of Intangibles. An assignment and assumption agreement for Intangibles in the form of
Exhibit D attached hereto (the “Assignment of Intangibles”).
 8.3 Bill of Sale. A bill of
sale for the Personal Property in the form of Exhibit E attached hereto. 
 8.4 Sellers Affidavits. The title
affidavits of Seller and such other documentation reasonably required by the Title Company and as required in Section 3.2 hereof. 

8.5 FIRPTA Affidavit. A non-foreign affidavit signed by Seller in the form of Exhibit
F attached hereto. 
 8.6 Title Documents. Seller shall executed and deliver such other documents as may be reasonably
required by the Title Company in order to issue the title policy required by this Agreement. 
 8.7 Closing Statement. A closing
statement in form and substance acceptable to both Seller and Purchaser, and consistent with the terms, provisions and conditions of this Agreement (the “Closing Statement”). 

8.8 Transfer Tax Declarations; Other State Forms. Such transfer tax, affidavits or certificates as may be required by applicable law.

 8.9 Miscellaneous. Such other documents, instruments and affidavits as will be reasonably necessary to consummate the transaction
contemplated by this Agreement, including, without limitation, affidavits identifying any brokers involved as the only persons entitled to a brokerage or similar commission in connection with consummation of the transaction contemplated hereby. 

  
 10 

 9. Purchaser’s Closing Documents. On the Closing Date, Purchaser will execute and/or deliver or cause
to be executed and/or delivered to Escrow Agent the following (collectively, “Purchaser’s Closing Documents”): 
 9.1
Purchase Price. The Purchase Price (including the Earnest Money), plus or minus prorations and other adjustments, if any, by wire transfer of immediately available funds. 

9.2 Assignment and Assumption of Intangibles. The Assignment of Intangibles. 

9.3 Closing Statement. The Closing Statement. 

9.4 Transfer Tax Declarations. Such transfer tax declarations, affidavits or certificates as may be required by applicable law. 

9.5 Miscellaneous. Such other documents, instruments and affidavits as will be reasonably necessary to consummate the transaction
contemplated by this Agreement, including, without limitation, affidavits identifying any brokers involved as the only persons entitled to a brokerage or similar commission in connection with consummation of the transaction contemplated hereby. 

10. Adjustment and Prorations. At Closing, Seller and Purchaser will make the following adjustments and apportionment of expenses with respect to the
Property: 
 10.1 Prorations. Except as expressly provided otherwise in this Section 10, real estate taxes, all utilities,
operating expenses and other apportionable income and expenses paid or payable shall be apportioned pro rata on a per diem basis as of 12:01 A.M. on the Closing Date, with Purchaser deemed to be the owner of the Property on the Closing Date. 

10.2 Real Estate Taxes and Special Assessments. Seller shall pay at the Closing any current installments of all special assessments or
taxes affecting the Property which would become delinquent if not paid prior to the Closing Date. All other special assessments shall be paid by Purchaser. Any delinquent real estate and personal property taxes and assessments on the Property shall
be paid at the Closing by Seller. 
 10.3 Title Insurance. Seller will pay for the cost of the Title Report and the title policy
(including extended coverage and a “gap” endorsement) in the amount of the Purchase Price. Purchaser will pay for the cost of any other endorsements to the title policy which Purchaser obtains from the Title Company. 

10.4 Closing Fee. Seller and Purchaser will each pay one-half (1/2) of any reasonable and
customary escrow closing fees charged by the Title Company. 
 10.5 Transfer and Recording Taxes. Seller shall pay all applicable
transfer taxes imposed by the state, county or local municipality in which the Real Property is located. Purchaser shall pay for the recording of the Deed. 

10.6 Attorneys’ Fees. Each of the parties will pay its own attorneys’ fees; provided, however, in the event of any litigation
between the parties arising out of this Agreement or the 

  
 11 

 
collection of any funds due Purchaser or Seller pursuant to this Agreement, the prevailing party shall be entitled to recover from the other all reasonable, out-of-pocket costs incurred, including without limitation reasonable attorneys’ and paralegals’ fees and litigation costs, whether such fees and costs are incurred at trial, on appeal or in any
bankruptcy proceedings. 
 10.7 Utilities. Seller shall cause the reading of all utility services, including, without limitation,
oil, water, electric, telephone, gas and sewer, to be made as of the Closing Date, or as soon as possible prior thereto and any charges for such utility services shall be prorated on an accrual basis as of the Closing Date. Seller shall pay all such
expenses that accrue prior to the Closing and Purchaser shall pay all such expenses accruing on the Closing and thereafter. Seller shall receive a credit for any utility deposits made for such utilities, unless such utility deposits are refunded to
Seller by the provider of the utility services. 
 10.8 Other Costs. All other costs will be allocated in accordance with the customs
prevailing in similar transactions in the area which the Property is located. 
 11. Default. 

11.1 Seller Default. If Seller shall, (i) fail to consummate the purchase and sale contemplated herein when required to do so
pursuant to the provisions hereof, time being of the essence, or (ii) otherwise breach or default under any of the provisions of this Agreement and Seller does not cure such failure, breach or default within five (5) days after receipt of
written notice from Purchaser specifying the breach or default, then Purchaser shall be entitled to exercise only the following remedies: (A) enforce specific performance of the terms, provisions and conditions of this Agreement; or
(B) terminate this Agreement and Escrow Agent shall immediately refund the Earnest Money to Purchaser; provided however that after Closing, Purchaser may recover from Seller its losses or damages resulting from the Seller’s breach of its
express representations or warranties contained herein up to the amount of the Seller’s Maximum Liability under any claims filed in a timely manner (as required by Section 6 above). 

11.2 Purchaser Default. If Purchaser shall be in breach or default under any of the provisions of this Agreement and Purchaser does not
cure such failure, breach or default within five (5) days after receipt of written notice from Seller specifying the breach or default, then Seller shall be entitled to receive the Earnest Money from Escrow Agent as liquidated damages and not
as a penalty, as Seller’s sole and exclusive remedy. 
 12. Damage. Seller shall bear all risk of loss or damage to the Property prior to
Closing. In the event loss, damage or casualty to the Property, the cost of which exceeds Four Hundred Thousand and no/100 Dollars ($400,000), Purchaser shall have the right to terminate this Agreement by written notice to Seller given within seven
(7) days after receipt by Purchaser of notice from Seller that such loss, damage or casualty has occurred. In the event of any such termination pursuant to this Section 12, the Earnest Money shall promptly be returned to Purchaser,
Purchaser shall promptly return Seller’s Diligence Materials to Seller and Purchaser and Seller shall be relieved of further obligations under this Agreement, at law or in equity (except that the parties shall be entitled to enforce those
obligations which expressly survive any termination of this Agreement). If Purchaser fails to elect to terminate (in the manner provided in this Section 12), then Seller will either provide Purchase with a credit against the Purchaser

  
 12 

 
Price in the amount of the insurance proceeds received (to the extent not already spent in connection therewith) or assign to Purchaser at the Closing Date all of Seller’s right, title and
interest in and to any insurance proceeds received (to the extent not already spent in connection therewith) or to be received as a result of such event. 

13. Condemnation. If, prior to the scheduled Closing Date, eminent domain proceedings are commenced against the Property or any material portion
thereof, Seller will promptly give notice to Purchaser of such fact. In such event and at Purchaser’s sole option (to be exercised within thirty (30) days after Seller’s notice), this Agreement shall terminate. In the event of any
such termination pursuant to this Section 13, the Earnest Money shall promptly be returned to Purchaser, Purchaser shall promptly return Seller’s Diligence Materials to Seller, and Purchaser and Seller shall be relieved of further
obligations under this Agreement, at law or in equity (except that the parties shall be entitled to enforce those obligations which expressly survive any termination of this Agreement). If Purchaser fails to elect to terminate (in the manner
provided in this Section 13), then Seller will assign to Purchaser at the Closing Date all of Seller’s right, title and interest in and to any award made or to be made in the condemnation proceedings, and there will be no reduction in the
Purchase Price. 
 14. Broker’s Commission; Agency Disclosure. Seller and Purchaser represent and warrant to each other that in connection with
the transaction contemplated hereby, no third party broker or finder has been engaged or consulted by Seller or Purchaser, as applicable, or is entitled to compensation or commission in connection herewith. Seller and Purchaser will defend,
indemnify and hold harmless the other from and against any and all claims of any other brokers, finders or any like third party claiming any right to commission or compensation by or through acts of Seller or Purchaser, as applicable, in connection
herewith. The indemnity obligations hereunder will include, without limitation, all damages, losses, risks, liabilities and expenses (including, without limitation, reasonable attorneys’ fees and costs) arising from and related to matters being
indemnified hereunder. 
 15. Assignment. Purchaser may assign its rights (but not its obligations) under this Agreement to an entity controlled by
Purchaser without the consent of Seller provided however that (1) Purchaser shall not be released or relieved of its obligations hereunder due to such assignment and (2) Purchaser first provides Seller with written evidence of such
control. In all other cases, Purchaser may assign its rights (but not its obligations), with the prior written consent of Seller (which consent shall not be unreasonably withheld, conditioned or delayed), to any other person or entity provided
however that Purchaser shall not be released or relieved of its obligation hereunder. In the event of any assignment permitted in accordance with the provisions of this Section 15, the closing documents shall, where appropriate, reflect the
name of the permitted assign or other assignee rather than Purchaser. 
 16. Notices. Any notice or other communication in connection with this
Agreement will be in writing and will be sent by nationally recognized overnight courier guarantying next day delivery, by personal delivery, or by email transmission followed by delivery of a hard copy, properly addressed as follows: 

 

							
		 	If to Purchaser:	 		 	 Investors Community Bank
 Attention: Mark
Miller
 860 N. Rapids Road
 PO BOX 700

Manitowoc, WI 54221
 Email:
mmiller@investorscommunitybank.com

  
 13 

							
		 	with a copy to:	 		 	 Reinhart Boerner Van Deuren s.c.
 1000 N.
Water Street, Suite 1700
 Milwaukee, WI 53202
 Attn: John M.
Murphy
 Email: jmurphy@reinhartlaw.com

				
		 	If to Seller:	 		 	 The Manitowoc Company, Inc.
 2400S. 44th
Street
 Manitowoc, Wisconsin, 54220
 Attn: Thomas L/ Doerr,
Jr.
 Email: Thomas.Doerr@manitowoc.com

				
		 	with a copy to:	 		 	 Quarles & Brady LLP
 33 E. Main
Street, Suite 900
 Madison, WI 53703
 Attn: Douglas S. Buck

Email: Douglas.Buck@quarles.com

 All notices will be deemed one (1) business day following deposit if delivered to an overnight courier guaranteeing next
day delivery and on the same day (i) if sent by personal delivery or (ii) if sent by email transmission and received by the recipient prior to 5:00 p.m. provided that delivery is made via overnight courier service the following business
day. Any party may change its address for the service of notice by giving written notice of such change to the other party, in any manner above specified. Notice of change of address shall be given by written notice in the manner detailed in this
Section 16. Each party’s respective attorney shall have the right to deliver notices on such party’s behalf. 
 17. As-Is Sale. EXCEPT FOR THE EXPRESS REPRESENTATIONS AND WARRANTIES OF SELLER SET FORTH HEREIN, PURCHASER ACKNOWLEDGES AND AGREES THAT IT WILL BE PURCHASING THE PROPERTY AND THE PERSONAL PROPERTY BASED SOLELY UPON
ITS INSPECTIONS AND INVESTIGATIONS OF THE PROPERTY AND THE PERSONAL PROPERTY, AND THAT PURCHASER WILL BE PURCHASING THE PROPERTY AND THE PERSONAL PROPERTY “AS IS” AND “WITH ALL FAULTS”, BASED UPON THE CONDITION OF THE PROPERTY
AND THE PERSONAL PROPERTY AS OF THE DATE OF THIS AGREEMENT, ORDINARY WEAR AND TEAR AND LOSS BY FIRE OR OTHER CASUALTY OR CONDEMNATION EXCEPTED AND THAT SELLER MAKES NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, OR ARISING BY OPERATION OF LAW,
INCLUDING, BUT NOT LIMITED TO, ANY WARRANTY OF CONDITION, HABITABILITY, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, IN RESPECT OF THE PROPERTY. WITHOUT LIMITING THE FOREGOING, PURCHASER 

  
 14 

 
ACKNOWLEDGES THAT, EXCEPT AS MAY OTHERWISE BE SPECIFICALLY SET FORTH ELSEWHERE IN THIS AGREEMENT, NEITHER SELLER NOR ITS CONSULTANTS, BROKERS OR AGENTS HAVE MADE ANY REPRESENTATIONS OR WARRANTIES
OF ANY KIND UPON WHICH PURCHASER IS RELYING AS TO ANY MATTERS CONCERNING THE PROPERTY OR THE PERSONAL PROPERTY, INCLUDING, BUT NOT LIMITED TO: (I) THE CONDITION OF THE LAND OR ANY IMPROVEMENTS COMPRISING THE PROPERTY; (II) THE EXISTENCE OR
NON - EXISTENCE OF ANY POLLUTANT, TOXIC WASTE AND/OR ANY HAZARDOUS MATERIALS OR SUBSTANCES; (III) ECONOMIC PROJECTIONS OR MARKET STUDIES CONCERNING THE PROPERTY, OR THE INCOME TO BE DERIVED FROM THE PROPERTY; (IV) ANY DEVELOPMENT RIGHTS,
TAXES, BONDS, COVENANTS, CONDITIONS AND RESTRICTIONS AFFECTING THE PROPERTY; (V) THE NATURE AND EXTENT OF ANY RIGHT OF WAY, LEASE, LIEN, ENCUMBRANCE, LICENSE, RESERVATION OR OTHER TITLE MATTER; (VI) WATER OR WATER RIGHTS, TOPOGRAPHY,
GEOLOGY, DRAINAGE, SOIL OR SUBSOIL OF THE PROPERTY; (VII) THE UTILITIES SERVING THE PROPERTY; (VIII) THE SUITABILITY OF THE PROPERTY FOR ANY AND ALL ACTIVITIES AND USES WHICH PURCHASER MAY ELECT TO CONDUCT THEREON; OR (IX) THE
COMPLIANCE OF THE PROPERTY WITH ANY ZONING, ENVIRONMENTAL, BUILDING OR OTHER LAWS, RULES OR REGULATIONS AFFECTING THE PROPERTY. SELLER MAKES NO REPRESENTATION OR WARRANTY THAT THE PROPERTY COMPLIES WITH THE AMERICANS WITH DISABILITIES ACT OR ANY
FIRE CODE OR BUILDING CODE. PURCHASER HEREBY RELEASES AND AGREES TO INDEMNIFY AND DEFEND SELLER FROM ANY AND ALL LIABILITY IN CONNECTION WITH ANY ENVIRONMENTAL CLAIMS WHICH PURCHASER OR ANY OTHER PARTY MAY HAVE AGAINST SELLER AND PURCHASER HEREBY
AGREES NOT TO ASSERT ANY ENVIRONMENTAL CLAIMS FOR CONTRIBUTION, COST RECOVERY OR OTHERWISE, AGAINST SELLER RELATING DIRECTLY OR. INDIRECTLY TO THE EXISTENCE OF ASBESTOS OR HAZARDOUS MATERIALS OR SUBSTANCES ON, OR ENVIRONMENTAL CONDITIONS OF, THE
PROPERTY, WHETHER KNOWN OR UNKNOWN. SAID RELEASE SHALL NOT APPLY TO ANY THIRD PARTY ENVIRONMENTAL CLAIMS BROUGHT AGAINST SELLER BY PARTIES OTHER THAN PURCHASER OR ITS SUCCESSORS AND ASSIGNS. The terms and provision of this Section 17 shall
survive the closing of the transactions contemplated hereunder or the earlier termination of this Agreement. 
 18. Captions. The section headings or
captions appearing in this Agreement are for convenience only, are not a part of this Agreement, and are not to be considered in interpreting this Agreement. 

19. Entire Agreement; Modification. This Agreement constitutes the entire agreement between the parties with respect to the subject matter herein
contained, and all prior negotiations, discussions, writings and agreements between the parties with respect to the subject matter herein contained are superseded and of no further force and effect. No covenant, term or condition of this Agreement
will be deemed to have been waived by either party, unless such waiver is in writing signed by the party charged with such waiver. 

  
 15 

 20. Binding Effect. This Agreement will be binding upon and inure to the benefit of the
parties hereto and their respective successors and permitted assigns. 
 21. Controlling Law. This Agreement will be governed by and
construed in accordance with the laws of the State in which the Real Property is located, without application of the choice of law rules of such State. 

22. Severability. The unenforceability or invalidity of any provisions hereof will not render any other provision herein contained
unenforceable or invalid. 
 23. Time of Essence. Time is of the essence as to each and every provision of this Agreement. 

24. Counterparts. This Agreement may be executed in any number of counterparts, each of which will be deemed an original, but all of
which together will constitute one and the same instrument. Either party may rely upon a facsimile copy of an executed counterpart of this Agreement and this Agreement shall be enforceable against the party executing such counterpart. 

25. Consideration. Purchaser and Seller acknowledge that each party will expend material sums of money in reliance on the other
party’s obligations under this Agreement, in connection with negotiating and executing this Agreement, furnishing the Earnest Money, producing and reviewing due diligence materials, conducting the inspections contemplated by this Agreement and
preparing for Closing. Furthermore, Purchaser would not have executed this Agreement without the availability of an inspection or due diligence contingency. Purchaser and Seller, therefore, agree that adequate consideration exists to support each of
the party’s obligations under this Agreement, and Seller and Purchaser each waive any and all rights to challenge the enforceability of this Agreement on the basis that any of the conditions or contingencies set forth herein are at
Seller’s or Purchaser’s sole discretion or that any of the agreements contained herein are illusory. 
 26. Business Days.
If, under the terms of this Agreement, the time for the performance of any act, giving of notice, or making any payment falls on a Saturday, Sunday, or legal holiday, such time for performance shall be extended to the next succeeding business day.
As used herein, the term “legal holiday” means any state or federal holiday for which financial institutions or post offices are generally closed in the State of Wisconsin. 

27. 1031 Exchange. Seller covenants and agrees that it will cooperate with Purchaser in the event that Purchaser or its assigns wishes
to participate in a deferred tax-free exchange under Section 1031 of the Internal Revenue Code, provided that Seller shall incur no cost in consequence of cooperating with respect to the exchange 

[SIGNATURE PAGE FOLLOWS] 

  
 16 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to have been executed
and delivered as of the Effective Date. 
  

			
	SELLER:
	
	THE MANITOWOC COMPANY, INC.
		
	By:	 	 /s/ Thomas L. Doerr, Jr.

	Name:	 	Thomas L. Doerr, Jr.
	Its:	 	SVP, General Counsel, Secretary
	
	PURCHASER:
	
	 INVESTORS COMMUNITY BANK

		
	By:	 	 /s/ Mark A. Miller

	Name:	 	Mark A. Miller
	Its:	 	Sec’y

 [signature page] 

 EXHIBIT A 

Legal Description of the Property 

Parcel 1: 
 PIN: 05283540201000 

Parcel 2: 
 PIN: 05283540202300 

Tracts 7 and 8 of Certified Survey Map recorded in the office of the Register of Deeds for Manitowoc County, Wisconsin, on July 14, 2000 in Volume 19 of
Certified Survey Maps, at Page 243, as Document No. 860037, being in the West V2 of the Southeast  1⁄4 of Section 35, Township 19 North, Range 23
East, in the City of Manitowoc, County of Manitowoc, State of Wisconsin and as corrected by an Affidavit of Correction recorded on November 22, 2002 in Volume 1733, at Page 460, as Document No. 921070. 

APN: 835-402-010 and 835-402-023 

 Exhibit B 

Personal Property List to Follow During Identification Period 

 Exhibit C 

Seller’s Diligence Materials 
  

	 	1.	Plans and specifications (and other physical plan-related information, including maintenance records); 

  

	 	2.	Copies of any leases, subleases and/or licenses for the Property; 

  

	 	3.	Copies of any material contracts and other agreements affecting the Property and its operation and maintenance; 

  

	 	4.	Copies of any surveys, environmental reports, engineering data and reports, soils studies, geotechnical reports; 

  

	 	5.	Copies of any material warranties affecting the Property; 

 Exhibit D 

Form of Assignment and Assumption of Intangibles 

ASSIGNMENT AND ASSUMPTION OF INTANGIBLES AGREEMENT 

THIS ASSIGNMENT AND ASSUMPTION OF INTANGIBLES AGREEMENT (this “Assignment”) is made and entered into as of
                    , 20    , by and between The Manitowoc Company, Inc., a Wisconsin corporation (“Assignor”),
and                             (“Assignee”). 

WITNESSETH: 
 Assignor and
[                    (predecessor in interest of Assignee)] entered into that certain Real Estate Purchase and Sale Agreement, dated as of
[                    ], 2017 (the “Agreement”), regarding the sale of that certain real property being more fully described on
Exhibit A attached hereto and made a part hereof (“Real Property”), together with all improvements and other property comprising the Property (as defined in the Agreement). Unless otherwise indicated herein, all capitalized
terms in this Assignment shall have the meaning ascribed to them in the Agreement. 
 Under the Agreement, Assignor is obligated to assign
to Assignee, to the extent assignable, all of Assignor’s right, title and interest, if any, in and to all governmental approvals, permits, licenses certificates of occupancy and the like issued with respect to the Real Property (collectively,
the “Licenses and Permits”), any drawings, plans, engineering reports, specifications, contract rights, and general intangibles related to the Real Property (collectively with the Licenses and Permits, the
“Intangibles”). 
 Under the Agreement, Assignee is obligated to accept such assignment and assume and agree to keep,
perform and observe all of the terms, covenants, agreements and conditions contained in the Intangibles on the Assignor’s part, as owner, to be kept, performed and observed. 

AGREEMENT 
 NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows. 

1. To the extent assignable, Assignor hereby assigns to Assignee all right, title and interest of Assignor, as owner, in, to
and under the Intangibles. Assignee hereby accepts such assignment and assumes and agrees to keep, perform and observe all of the terms, covenants, agreements and conditions contained herein and in the Intangibles on Assignor’s part, as owner,
to be kept, performed and observed with respect to any fact, event or circumstance that first occurs from and after the date of this Assignment. 

2. Assignee agrees to protect, defend, indemnify and hold harmless Assignor, its legal representatives, successors and assigns
from any and all losses, damages, 

 
expenses, fees (including, without limitation, reasonable attorneys’ fees), court costs, suits, judgments, liability, claims and demands whatsoever in law or in equity, arising out of or in
connection with the Intangibles from and after the date of this Assignment. 
 3. In the event of the bringing of any action
or suit by a party hereto against another party thereunder by reason of any breach of any of the covenants, conditions, agreements or provisions on the part of the other party arising out of this Assignment, then in that event the prevailing party
shall be entitled to have and recover of and from the other party all costs and expenses of the action or suit, including actual attorneys’ fees and costs. 

4. The transfers and assumptions given effect by this Assignment are limited by and made expressly subject to the terms,
covenants and conditions set forth in the Agreement. 
 5. This Assignment may be executed simultaneously in counterparts,
each of which shall be deemed an original, but all of which, together, shall constitute one and the same instrument. 
 6.
This Assignment shall be binding upon and inure to the benefit of the successors, assignees, personal representatives, heirs and legatees of all the respective parties hereto. 

7. This Assignment shall be governed by, interpreted under, and construed and enforceable in accordance with the laws of the
State of Wisconsin. 
 [Signature Page Follows] 

 IN WITNESS WHEREOF, Assignor and Assignee have executed and delivered this Assignment and
Assumption of Intangibles Agreement as of the day and year first above written. 
  

			
	ASSIGNOR:	 	
		
	[EXHIBIT ONLY]	 	
		
	ASSIGNEE:	 	
		
	[EXHIBIT ONLY]	 	

 Exhibit E 

Form of Bill of Sale 
 BILL
OF SALE 
 This Bill of Sale is given this     day of
            , 20    , by The Manitowoc Company, Inc., a Wisconsin corporation (“Seller”),
to                            (“Buyer”). In consideration of Ten Dollars ($10.00) and
other valuable consideration, receipt of which is acknowledged, Seller hereby exchanges, conveys, grants, bargains, sells, transfers, assigns and delivers unto Buyer all of Seller’s right, title and interest in and to the personal property
described on Exhibit A attached hereto and incorporated herein (“Personal Property”). 
 Seller hereby warrants and
represents that Seller owns the Personal Property free and clear of all liens and encumbrances and that Seller has good right to sell the same and that it will warrant and defend the same against the lawful claims and demands of all persons. 

With the exception of the foregoing warranty of title, Seller sells, and Buyer purchases the Personal Property as is and where is, without any
expressed or implied warranty of any nature whatsoever, including but not limited to any warranty of merchantability or fitness for a particular purpose. 

IN WITNESS WHEREOF, Seller has executed this Bill of Sale the day and date first above written. 

 

			
	SELLER:	 	
		
	[EXHIBIT ONLY]	 	

 Exhibit A (to Bill of Sale) 

PERSONAL PROPERTY 
 [To be inserted] 

“Real Property” as used herein means the real property legally described as follows:  

[Legal description to be inserted] 

[Exhibit E-2] 

 Exhibit F 

Form of FIRPTA 

TAXPAYER’S CERTIFICATION OF NON-FOREIGN STATUS 

To inform
[                        ] (“Transferee”), that withholding of tax under Section 1445 of the Internal
Revenue Code of 1986, as amended (“Code”), will not be required upon the transfer of certain real property to the Transferee by The Manitowoc Company, Inc., a Wisconsin corporation (“Taxpayer”) hereby certifies the
following on behalf of the Taxpayer: 
 1. That Taxpayer is a United States person and is not a foreign person, foreign corporation, foreign
partnership, foreign trust, or foreign estate (as those terms are defined in the Code and the Income Tax Regulations promulgated thereunder); 

Taxpayer is not a disregarded entity as defined in Section 1.1445-2(b)(2)(iii) of the Income Tax
Regulations; 
 The Taxpayer’s U.S. employer identification number is
[            ]; and 
 The Taxpayer’s office address is c/o
[                ], Attention: [            ]. 

The Taxpayer understands that this Certification may be disclosed to the Internal Revenue Service by the Transferee and that any false
statement contained herein could be punished by fine, imprisonment, or both. 
 Under penalty of perjury I declare that I have examined this
Certification and to the best of my knowledge and belief it is true, correct and complete, and I further declare that I have authority to sign this document on behalf of the Taxpayer. 

Date: 
  

			
	[EXHIBIT ONLY]

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