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Development Application
■ bP i A. ;^Y City of Oak Park Heights 14168 Oak Park Blvd N.•Oak Park Heights,MN 55082•Phone(651)439-4439•Fax(651)439-0574 Development Application (_Type of Request(s): —V�:u'1f ..f�v, aci-o`^-' ❑ Zoning District Amendment ❑ Home Occupation Lk5-11Q-Ajdkal la Conditional Use Permit ❑ Site Plan/Design Guidelines Review ❑ Variance:Single Family Residential 0 PUD Amendment I I rOWV P)Cukk ❑ Variance: Other Residential/Commercial 0 PUD Concept Plan Approval /Industrial 0 PUD General Plan Approval 1 i3 ❑ Subdivision:Major 0 Street Vacation J O Subdivision:Minor 0 City Financial Assistance �� / ) ❑ Comprehenssiv.a Plan Amendment 1 /v,r Base Fee: $ 14w ' Escrow Amount: $ 11 OW q--C/, Street Location(Address)of Property:13435 60th st N. , oak park heights , mn 55082 C t,' SaOoi Legal Description of Property: REFER TO ARCHITECTURAL SITE & LANDSCAPE PLAN �i , J This Property Is 0 Abstract 0 Torrens(Certificate#I) Property Identification Number(PIN,PID): 05.029.20.21.0031 C,*1 i ,U 2, OWNER INFORMATION0C1 L /� Name: O51YNd11/15 UC) ((7M�QIty� LLCM Address: Street: 13435 60TH ST N. • City: OAK PARK HEIGHTS State: MN Zip: 55082 Email: ERIC@OSMUNDSONLAND.COM Telephone: Home:651431-0436 Business: Fax: Other: APPLICANT INFORMATION Power Plant Cannabis Shop II, LLC, /LAUREN WEISS Name: Address: Street: 101 Crawford Corner Road, Suite 4116 City: Holmdel state: NJ Zip: 07733 Email: micci@mjweisslaw.com Telephone: Horne: Business: 732-768-797f7ax:^ Other: Owner/Applicant Initials 12. 12 )25 - LLt CI %cZ c.RanC-e., RECEIVED 1\16'y 7 ' 2025 10 City of Oak Park Heights 14168 Oak Park Blvd N.•Oak Park Heights,MN 55082•Phone(651)439-4439•Fax(651)439-0574 Development Application Page 2 Description of Request(s): CONDITIONAL USE PERMIT FOR CANNABIS MICRO- BUSSINESS RETAIL FACILITY If a request for planning/zoning action on the subject site or any part thereof has been previously approved,please describe below: N /A GENERAL CONDITIONS Application Review: The undersigned acknowledges that before this request can be considered and/or approved,all required information and fees, including any deposits shall be paid to the City. An incomplete application will be returned to the applicant. The application approval process commences and an application is considered complete when all required information and fees have been submitted appropriately to the City. Professional Fee Responsibility: It is the understanding of the undersigned that all City incurred professional fees and expenses associated with the processing of this request(s)will be promptly paid upon receipt. If payment is not received from the applicant,the property owner acknowledges and agrees to be responsible for the unpaid fee balance either by direct payment or a special assessment against the property. Applicants will be billed on a monthly basis for Planning,Engineering,Legal and Community Development fees as they are accrued. It is understood that interest will be charged on the account at the maximum rate allowed by the Fair Credit Act if it becomes thirty(30)days past due. Failure to pay administrative and processing fees in a timely manner may result in denial of the application. All fees must be paid at the time of the application and shall be paid prior to the issuance of a building permit. The undersigned applicant further acknowledges and consents that all unpaid fees owing the City of Oak Park Heights shall be treated as unpaid utility fees and may be certified for collection as with delinquent utility billings and may be assesses against the subject real property if unpaid by October 315t of each year. Property Address: 13435 60th st N. , oak park heights , mn 55082 Date: LL 11/20/2025 Owner Signature: CI 04; � • 6)-14-"4-444-1/4eRt-'1g77-LLC VJr` tAilt on G��n�j (OMP`rAp Owner Printed Name RICO NDSON �' G�r�l�9 Date:11/20/2025 Applicant Signatur : _ + Applicant Printed Name: Power Plant Cannabis Shop II, LLC, / LAUREN VVEISS RECEIVED NOV 21 2025 OMAR SALAH 1 04 6612 maple creek blvd. West bloomfield, MI 48322 9-stne DATE ` / )"°— )-.4. PAY - C 001 ( ]� ^ t ORER OF ` f\ l ��'1 /-J e t ,� �r� I $ / geird 00 1 Oti-e_ Thav)01144TovAr ti,, ortoc/ ------ DOLLARS 0 iralip, Comerica bank ' �,:; i Z'''6 ., if _ ) u ,4( \ leAto-- LcIvivi 6 / i 6 -C- FOFL __..._�. _.�..__. __ V....__.._.�._.._.---_._.�.e _,_M 11'000L04" 1:0 7 20000961: 682 ? 04. LL84III 20 m c) m m 0 c N N O N From: <OCM NOREPLY@accela.com> Date: Fri, Aug 8, 2025 at 4:14 PM Subject: Congratulations on receiving preliminary license approval for MICRO-A25- 000462 To: <micci(c�mjweisslaw.com> Dear Applicant, We are pleased to inform you that you have received preliminary license approval. Please note that you have 18 months to obtain a cannabis business license upon receiving this notification A notice of preliminary approval is intended to demonstrate an applicant's preparedness and qualifications on the pathway to licensure and can be a tool utilized for securing funds, receiving local approvals, and prepanng to be in full compliance Please be aware this notice does not convey license approval Your application is moving forward, but you are not yet authorized to conduct any of the activities for any license type. To continue the process and receive your license you must first complete the following steps: 1 Engage with local governments. Begin discussions with your local government early to understand and meet all local requirements, including zoning, any necessary conditional use permits, building/fire code inspections, and retail registration (if applicable and see below) You must secure a physical location that complies with local zoning ordinances and update your application documents showing you are compliant with all local requirements You are strongly encouraged to engage with local governments at the earliest stage possible before you invest in any location in order to understand what a local government may require for your business to operate in their jurisdiction. 2 Submit final documents. Preliminarily approved applicants will submit final application materials to OCM when they can demonstrate compliance with all applicable rules. The materials include details about the site location, final operational documentation, and documentation of any ownership changes, and are referred to as final plans of record Links to complete online fillable forms that will make up your final plans of record are at: https://mn.gov/ocm/businesses/licensing/final-plan-of-record:tsp. Preliminarily approved applicants should not complete site registration until they have received confirmation that they have met all applicable requirements for local zoning approval, are compliant with state fire and building codes, and if applicable, and are less than 90 days from being able to open their doors. 3. Once you have completed and submitted the online forms, you will receive PDFs of your final plans of record via email that must be uploaded to the Office of Cannabis Management (OCM) through Accela. OCM will forward your application to the local government indicated on your application. 4 Local government zoning compliance certification. Local governments have 30 days to certify that your application complies with zoning and land use ordinances. Important. be sure to engage early with your local government so that you understand their timelines and process for local zoning compliance certification. OCM recommends that preliminarily approved applicants wait until all the required items for local approval have been met with their local government before they submit their site registration. These requirements may include conditional use permits (CUPs), fire/building code inspections, and local retail registration Additionally, be sure to remain in close communication with the local government to ensure that they are prepared to review your application. Please review the guidance for local governments regarding zoning compliance certification located here https //mn qov/ocm/local-governments/localgovs.jsp for awareness on what local governments will be required to complete for this stage. 5. Site inspection. After receiving local zoning compliance certification, OCM will schedule a pre-opening site inspection to verify that your physical location complies with all applicable laws and rules 6 Pay license fee. Upon a successful site inspection, you will be able to pay the required license fee through Accela. Once payment is received OCM will issue your cannabis business license with the appropriate endorsements Important note: Local Retail Registration (only for license types engaging in retail direct to consumers) If your license involves retail sales, you must obtain a local retail registration — in addition to your cannabis business license - from your local government before commencing any retail sales. Per a new law change effective May 2025, local governments are allowed to issue retail registration to an applicant with either preliminary approval status or a cannabis business license. Please engage with your local government early to understand the approval process for local retail registrations which is determined by each local government. The licensing guidebook detailing the above steps is available on the OCM licensing webpage: please review the information carefully The guidebook contains important information about how to successfully complete the licensing process and also includes several suggestions about working on securing local approvals for zoning compliance and local retail registration. The From Start to License. Your Path to Cannabis Licensing in Minnesota graphic provides an overview of licensing steps. You should also review Minnesota Statutes Chapter 342 and the Rules Relating to Adult-Use Cannabis for more information about all statutory requirements. Important Note on Ownership Changes, Endorsement Changes and Trade Name Registration Changes: Minnesota law only allows for licenses to be transferred. However, the prohibition on pre-licensure transfer does not mean that an applicant cannot make changes to their ownership structure. There are different requirements for changing ownership of a business, depending on if the changes are being made prior to obtaining a cannabis business license, or if they are being made after a license has been issued. By statute, applicants cannot transfer ownership of their application before receiving a license. This means that a preliminarily approved applicant cannot sell the majority ownership interest to a third party. However, qualified and preliminarily approved applicants can make changes to their ownership structure pre-licensure, so long as they do not do any of the following: Make any transfer of an ownership interest that changes the individual that holds a majority ownership interest of the cannabis business. Make any change of ownership or control that requires a new business registration with the Minnesota Secretary of State Make any transfer of ownership that causes a social equity classified application to no longer qualify as a social equity application. Add any owners that are ineligible to hold a cannabis license based on criminal or civil offense history Create any ownership structure that is in violation of the true party of interest provisions contained in Minnesota Statutes, section 342.185. Note that it is the applicant's responsibility to maintain compliance with ownership structure requirements in Minnesota Statutes, sections 342.14, 342.15, 342.16, 342.17, and 342.185 and failure to do so will result in your application not proceeding. While an applicant can make changes to their ownership group prior to licensure OCM will only review changes to your ownership once the site registration is submitted in your application. Site registration is the step you take when your business is ready to operate. This step is when your business demonstrates compliance with all applicable rules and regulations, and you alert OCM of the local jurisdiction in which you intend to operate When an applicant starts the site registration process, they will need to upload the change of ownership documents into Accela along with their final plans of record. The link to the change of ownership documents is located at https //mn.gov/ocm/businesses/licensing/final-plan-of-record.jsp under the section Change of Ownership and Control OCM will not review any changes to the ownership group until an applicant is ready to become operational and has submitted their final plans of record and site registration. Additional information on change of business ownership and control can be found on the OCM website. An applicant can change endorsements at the time of site registration Once an inspection has taken place, OCM will verify which endorsements have passed inspection. Endorsements may change after licensure but will require a new site registration, final plans of record and inspection. OCM does not provide legal or business advice. To the extent that you feel you may need such services, you are encouraged to seek those out independently. Starting any business, including a cannabis business, carries risk and you should never invest more than you are willing to lose. Visit mn.gov/ocm for more information and resources. If you have questions related to your application, please contact the Licensing Division at ocm.licensinqstate.mn.us. When contacting the licensing email, please include your application number at the beginning of the email subject line followed by the topic (example: Application Number — Background Check). 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T.YM foods.o•••'or grog,.voodoo...or ir...•p...r+••s.error..I, TM•.w. 11 TT%.••f11,s...1 Iw __ wm t.•m t•.N,w.r.w..wr...•rw 341,» ROTS 101.....•••••..r 1••.•• - • Mr.•...•••r...•••w-..wrat V. r Nr.rarw..r•••••rN••..,eo•o•.•••o•••••IMP rood w r+or error rr•error•••••••Mom.o.Mpl•r•r1w 1*,r•wooed weep w,•e•.e..e error.or Tommy•we•,.NN•r.o.e. ~-��---*or•••~—•• RECEIVED NOV 2 1 2025 oarsabra o.w.014.1•11111• IM MO Atialliiifta M MIC111O-A25-000462 Coorsalsaa Mir raallSalaati ArypM1 R •.1•« Record Status.!toady for RltAA RLsodti•• M• OMd st ,nsstw INS"LisoilA Illoosed Details e•Whisert — .rw rMO 6•118 M•iN W ett1C too..ti.Gwuss 1r•1 u P11(ar ova Como Mr Wig•P e1 e9I•.1M.•U ors] Cr•111.e"Woo rlt'e1TY" mraR.t+.••+cra e111.r DM1r111 1 AMMM.M!Contact. :ANIMat./n OW W II-t,t n Loc,•.tows, or pr.wow..odor.•sow.•111o.t1••fi Ne O r.r+r•r•Y1•. •r1.home.Mum. Are Cw•1•A1.11 P.0 +I.►.n-.••••.p••.•Yw,rN LLC Los./dodo...,r Po 3$sls.wt AtfiT411.4 oCC YILO1Aef0r. Y so•.rood•••...N•er,....k rod ww No *rag *Boor.otro ►New. Ybq� YT 1 yom Nw Yo —Moe►.W IY.•MI►vl.M..W. rW N••r•9•Y N. Ir.or orWA••Aar on,.,rr•N•1/1, .M. ooporroorr roar Me Mawr..1.•.W Wwwr,•••••T. !w I•e../I+ouM..••.N•w OM*Mn. Iw T red v pow •r 11yw •. Orr rt a'rt.O.NCr!PPP/ row •Y.w..11►wY !.• From Poor LOON C1 .i..I.Nwai. ors M•w-01r•ro cw..r1Y•Ir..... M•M Mom P.S. N• Moor C•rrM•M. rood Ard80811,S0•nw1 C•0.•,aY1.. Prow•INor,Moro err., . Mr-1/O.M.M.erred lyowrMyl I.1Owa. I.t Pow.C.n..I..C..eord o Moo NO BUSINESS ACTIVITIES AU Cultivation Endorsement vet Au Cannabis Retail..Endorsement Yes tranapert.MEC R AU Combined' rat P seheging yes Istractton and Concentration'indorsement Yet Edible Product Manwactunng Yes Men-Edible Product Manutacturing. Yet AU Whotnatee Yes On-Site Censumpton Endorsement Yes MID Cannabis Cultivation Endorsement: NO MID Cannabis RetaUar Endorsement Nn MEO Cannabis processor Endorsement No MIO C ,s WhMaa.Mr Medical Cannabis Peck•gine. Edibcs Cannabinuld Product handler No EMorsemfnt Endorsement to create eannabN products other N., than edible cann•bie preduttr' Product..of Customer(consumer)products No Endefse.nent CONThoCu h)T INfoRMArN mem h t applying behalf of the bee. ... any*Mew dion No manager or general partner of the buslnes•enc flood brtbnlptny?. AC1tNOMItEDGEMEMn I understand and certify by submittal of this Yes •pplicatkon,that I agree to respond to OCI4's mimeses for Information. I understand and colttly treat commitments made Yes tn this application,including but not limited to he maintenance of a labor peace agreement, shall be an Ongoing material conditi of nt,g and renewing the license_ I understand that no emytoyee• Bowed tow Yea revi ricer et et employee records ecoco.mataeyib be pail of.n tn•pectlon. Applicant certifies a«leiIsCh with rga pu!nosi to of MMUaos e,Chapter certifies that information contained to Yes •application ago uploawd materials attached ale ched as part of this appllotion are accurate and truthful Applicant does not have any confirmed labor violations with the Department of labor Manor ai lawn Relations Board,or the Occupational Safety and Me•bh Adminlstratbn within the Nast five Years. None of the persons dentifwd to this applikation c. am employed be the oleice a any pate agency with regulatory authority under Minnesota Statutes.Chapter 3a2.or any ivies promulgated by rise office.: None of Ow persons IdenUOed In this application r. are a l,cansed peace oM,cer,as defined in Minnesota Sattrtas,Section 626.I4,subdivision 1.' None of the persons identified in this application have had either•license Issued under this chapter revoked,or a cannabis license, reglstratlon,agreement,or another•uthorizat ion to a cannabis business Issued under the Ian's operate other state revoked. None of the siemens identified in this application ., health care practitioner who certifies are :i• M yy medtol'nditions for pahant tenrrutiao ,n the medical cannabis registry.. Applicant attests that they will acquire a criminal background check from•consumer reporting agency or background screening company that is on compliance with the federal Fair Credit Ripening Act and accredited by the professional bocAground Screening association.: applicant certifies that by submitting this e, Opelecation they have an ongoing duty to update the carnet should any of the Information provided change,and that failure to provide such updates, or providing false information may result,n the application being repotted.: Applicant attests that all tote parties of I comply• n•cted'ont cciMManor,able )and ownership reguireme is or Chapter 302: I certify that I have read and understand the Ye; nstructions that accompany this application and that the statements made as part a this application are tot.,Canplete,and correct and that no material Information has been omitted. BY checking the boa.I understnd and agree that I am elettroncaliy signing aid filing this application.: Electronic Signature Dale' a Parcel Information rrn washington Taxpayer Services nd P RO PO D TAXES 2025 County (www)washingt ncountymn.gov 430-6175 THIS IS NOT A BILL - DO NOT PAY 14949 62nd Street North-PO Box 6 VALUES AND CLASSIFICATION Stillwater,MN 55082-0006 Taxes Payable Year 2024 2025 IMPORTANT PROPERTY TAX INFORMATION: Step Estimated Market Value 1,047,200 893,200 Homestead Exclusion Other Exclusion/Deferral TAXPAYER(S): 1 Taxable Market Value 1,047,200 893,200 94507'222"G50"0.574"1/2 AUTO**ALL FOR AADC 553 Class Comm/Ind Comm/Ind OSMUNDSON LAND CO LLC 5021 VERNON AVE S PMB 128 _ EDINA MN 55436-2102 II'III'lllllllllllllll"IIII—JI.I'll"IIIII'lllll'1"IIIIIII,II PROPOSED TAX Property Taxes Before Credits $24,906.00 Step School Building Bond Credit $0.00 Agricultural Market Value Credit $0.00 2 PROPERTY INFORMATION: Other Credits $0.00 Property Taxes After Credits $24,906.00 PIN:05.029.20.21.0031 Property Address: 13435 60TH ST N STILLWATER MN 55082 Step PROPERTY TAX STATEMENT Property Description: 3 Coming in March,2025 Section 05 Township 029 Range 020 ALL THAT PART OF THE NORTHWEST 1/4 OF SECTION 5,TOWNSHIP 29,RANGE 20,DESCRIBED AS FOLLOWS: The time t0 provide feedback on COMMENCING AT THE NORTH 1/4 CORNER OF SECTION 5,TOWNSHIP 29, RANGE 20;THENCE WEST ALONG THE NORTH LINE OF SAID SECTION 5 PROPOSED LEVIES is NOW FOR 21 RODS AND 20 LINKS BEING 359.7 FE It is too late to appeal your value without going to Tax Court. Proposed Property Taxes and Meetings by Jurisdiction for Your Property Contact Information Meeting Information Actual 2024 Proposed 2025 %Chg STATE GENERAL TAX No Public Meeting $5,256.52 $4,310.56 WASHINGTON COUNTY NOVEMBER 26,2024 6:00 PM $3,024.00 $2,749.85 14949 62ND ST N PO BOX 6 COUNTY BOARDROOM STILLWATER MN 55082 GOVERNMENT CENTER 651-430-6175 www.washingtoncountymn.gov CITY OF OAK PARK HEIGHTS DECEMBER 10,2024 6:00 PM $6,720.42 $6,047.72 14168 OAK PARK BLVD N CITY HALL OAK PARK HEIGHTS MN 55082 14168 OAK PARK BLVD N 651-439-4439 www.cityofoakparkheights.com ISD 834 STILLWATER DECEMBER 3,2024 6:00 PM Voter Approved Levies $2,811.92 $2,526.09 1875 GREELEY ST S OAK PARK LEARNING CENTER Other Local Levies $1,658.70 $1,493.84 STILLWATER MN 55082 6355 OSMAN AVE N 651-351-8321 www.stillwaterschools.org METRO SPECIAL TAXING DISTRICTS DECEMBER 11,2024 6:00 PM $230.86 $213.58 390 ROBERT ST N METROPOLITAN COUNCIL CHAMBERS SAINT PAUL MN 55101 390 ROBERT ST N 651-602-1738 www.metrocouncil.org Other Special Taxing Districts No Public Meeting $613.72 $549.82 Tax Increment Tax No Public Meeting $0.00 $0.00 Fiscal Disparity Tax No Public Meeting $8,141.86 $7,014.54 TOTAL Excluding Special Assessments $28,458.00 $24,906.00 -12.5% RECEIVED NUV 2 1 2025 94507 1/1 Your local units of government have proposed the amounts they will need to levy in 2025. The following circumstances could change these amounts: • Upcoming referenda What Else • Legal judgments • Natural disasters Should You •Voter-approved levy limit increases, or •Special assessments Know Your county commissioners, school board, city council (if your property is located in a city with a population at least 500), and metropolitan special taxing district will soon be holding meetings to discuss the 2025 budgets and proposed 2025 property taxes. (The school board will discuss the 2024 budget.)You are invited to attend these meetings to express your opinion. Supplemental Budget Information - Proposed 2025 Taxes How Can You Learn More? Levy Information Taxing Authority 2024 2025 Percent The time to provide feedback Actual Proposed Change on proposed levies is now. WASHINGTON COUNTY 133,375,000 141,139,200 5.8% CITY OF AFTON 2,738,555 2,791,568 1.9% You are invited to attend budget CITY OF BAYPORT 1,741,672 1,938,640 11.3% meetings to express your opinion. CITY OF BIRCHWOOD 573,535 618,134 7.8% CITY OF SCANDIA 2,996,852 3,280,159 9.5% Levy information is provided by the CITY OF DELLWOOD 1,008,002 993,613 -1.4% county, city, and school district. It CITY OF FOREST LAKE 14,952,629 16,677,970 11.5% compares two years for those CITY OF HUGO 12,318,875 12,847,855 4.3% jurisdictions. For more information, CITY OF LAKE ELMO 8,922,042 10,084,019 13.0% contact the county, city, or school CITY OF MAHTOMEDI 6,039,841 6,024,626 -0.3% district directly or visit their websites. CITY OF MARINE ON ST CROIX 1,032,778 1,145,822 10.9% CITY OF NEWPORT 3,797,103 4,055,000 6.8% Levy amounts impact the taxes owed for your property. Additional factors CITY OF ST PAUL PARK 2,850,917 3,062,977 7.4% that may impact your property tax CITY OF LANDFALL 1,061,416 1,175,154 10.7% amount include changes to taxable CITY OF STILLWATER 18,871,153 20,342,333 7.8% market value, improvements made CITY OF WILLERNIE 381,007 394,343 3.5% to the property, and changes in CITY OF OAK PARK HEIGHTS 6,676,680 7,192,930 7.7% special programs, such as the CITY OF LAKELAND 1,154,901 1,153,850 -0.1% homestead market value exclusion. CITY OF LAKE ST CROIX BEACH 603,216 640,715 6.2% CITY OF COTTAGE GROVE 23,125,600 25,990,500 12.4% CITY OF WOODBURY 48,372,932 52,127,678 7.8% CITY OF OAKDALE 18,065,658 19,169,602 6.1 CITY OF GRANT 1,444,216 1,507,910 4.4% CITY OF HASTINGS 18,649,930 20,049,930 7.5% CITY OF WHITE BEAR LAKE 12,003,000 13,785,000 14.8% ISD 200 HASTINGS 18,649,930 20,049,930 7.5% ISD 622 NSP/MPWD/OAK 64,818,282 68,046,603 5.0% ISD 624 WHITE BEAR LAKE 66,702,413 77,477,861 16.2% ISD 831 FOREST LAKE 34,362,205 35,275,224 2.7% ISD 832 MAHTOMEDI 16,217,143 17,215,512 6.2% ISD 833 SOUTH WASHINGTON 126,581,843 128,146,357 1.2% ISD 834 STILLWATER 62,498,187 66,139,449 5.8% ISD 2144 CHISAGO LAKES 11,353,474 11,534,987 1.6% • Townships are not required to report Summary Budget information •Cities with population less than 500 ore not required to report Summary Budget information 94507 1/1 Washi ngton Pro14949 62nd RecordsStN-P8O TaxpayerBox200 Services TAX STA ENT 2025 Stillwater,MN 55082-0200 2024 Values for Taxes Payable in ti1i County (651)430-6175 VALUES AND CLASSIFICATION www.washingtoncountymn.gov Taxes Payable Year: 2024 2025 Estimated Market Value: 1,047,200 893,200 Homestead Exclusion: Taxable Market Value: 1,047,200 893,200 (Property ID: 05.029.20.21.0031 Bill#:3175977 ) Step New Improvements: 1 Property Classification: Cann/Ind Canmllnd Taxpayer: 99297'344"G50"1.002"1/4 AUTOALL FOR AADC 553 OSMUNDSON LAND CO LLC 5021 VERNON AVE S PMB 128 _ EDINA MN 55436-2102 I I Sent in March 2024 - '1"11.IIIII"II'I II 1"'III"'II 'II" " II II ,I I� I il.111IIII Step PROPOSED TAX Did not include special assessments or referenda $24,906.00 2 approved by the voters at the November election Sent in November 2024 PROPERTY TAX STATEMENT Step First half taxes due May 15 $12,581.00 3 Second half taxes due October 15 $12,581.00 Total Taxes Due in 2025: $25,162.00 $$$ Tax Detail for Your Property: Taxes Payable Year: 2024 2025 REFUNDS? 1.Use this amount on Form M1PR to see if you are eligible for a property tax refund. You may be eligible for one or File by August 15.If this box is checked,you owe delinquent taxes and are not eligible. $0.00 even two refunds to reduce your 2.Use these amounts on Form M1PR to see if you are eligible for a special refund. ❑ $0.00 property tax.Read the back of this . w 3.Property taxes before credits $28,458.00 $25,162.00 statement to find out how to apply. `art 4.Credits that reduce property taxes A.Agricultural and rural land credits $0.00 $0.00 B.Other Credits $0.00 $0.00 Property Address: 1-- 5.Property taxes after credits $28,458.00 $25,162.00 13435 607H ST N 6.WASHINGTON COUNTY A.County General $2,984.57 $2,674.91 STILLWATER MN 55082 B.County Regional Rail Authority $14.84 $12.54 `S 7.CITY OF OAK PARK HEIGHTS $6,720.42 $6,125.20 Property Description: $ 8.State General Tax $5,256.52 $4,289.30 Section 05 TownsCA 029 Range 020 ALL THAT PART OF THE 15 9.ISO 834 STILLWATER A.Voter approved levies $2,811.92 $2,506.90 NORTHWEST 1/4 OF SECTION 5.TOWNSHIP 29,RANGE 20, 'pc B.Other Local Levies $1,658.70 $1,480.05 DESCRIBED AS FOLLOWS:COMMENCING AT TEE NORTH 7 10.S Special TaxingDistricts A.Metropolitan Council $80.12 $64.19 114 CORNER OF SECTION 5,TOWNSHIP 29 20.RANGE . p THENCE WEST ALONG THE NORTH LINE OF SAID . B.Metropolitan Council Transit $109.89 $109.03 SECTION 5 FOR 21 RODS AND 20 LWKS BEING 3597FE w C.Metropolitan Mosquito Control $40.85 $37.19 r10. D.Brown's Creek Watershed $474.77 $415.22 t' E.County CDA $138.95 $125.68 1 F.Fiscal Disparities $8,141.86 $7,300.72 6 11.Non-school voter approved referenda levies $24.59 $21.07 12.Total property tax before special assessments $28,458.00 _ -$25,162.00 13.Special assessments $0.00 $0.00 14.TOTAL PROPERTY TAX AND SPECIAL ASSESSMENTS 528,458.00 $25,162.00 2-21-25.2 Please fold on perforation BEFORE tearing PAYABLE 2025 2nd HALF PAYMENT STUB Detach at foreUpR mail this stub with your 2 half payment in the e enclosed envelope Commllnd TO AVOID PENALTY PAY ON OR BEFORE:October 15 SECOND HALF TAXAMT (Property ID: 05.029.20.21.0031 Bill#:3175977 ) $12,581.00 11111111111111111111111111111111111111111111111111111111111 payment.No Receipt Do not endr canceled check is postdated checks.proof of J Taxpayer: MAKE CHECKS PAYABLE TO: ❑ CHECK ElCASH OSMUNDSON LAND CO LLC 5021 VERNON AVE S#128 1111111I1'II1'1'1'11I11111111111111111 111 "1111111I111II1111' EDINA MN 55436 WASHINGTON COUNTY P.O.BOX 200 STILLWATER MN 55082-0200 0502920210031 2 00000001258100 1 Please fold on perforation BEFORE tearing PAYABLE 20251 st HALF PAYMENT STUB thetenclos d envelopet &mail this stub with your 1"half payment in Comm/Ind TO AVOID PENALTY PAY ON OR BEFORE:May 15 FIRST HALF TAXAMT (Property ID: 05.029.20.21.0031 Bill#:3175977 ) $12,581.00 11111111111111111111111111111111111111111111111111111111 No Receipt sent.Your canceled check is proof of payment.Do not send postdated checks. MAKE CHECKS PAYABLE TO: 0 CHECK 0 CASH Taxpayer: OSMUNDSON LAND CO LLC 5021 VERNON AVE S#128 1111111I1'II1' ' '1111111111111111111'1111 "111"1II1111' EDINA MN 55436 WASHINGTON COUNTY P.O.BOX 200 STILLWATER MN 55082-0200 0502920210031 1 00000001258100 3 RECEIVED NOV 2 1 2025 ki99297 112 DU owned and occupied this property as your homestead on Janua 25,you may qualify for one or both „,.he following homestead credit refunds: $$$ REFUNDS 1. Property Tax Refund-If your taxes exceed certain income-based thresholds,and your total household income is less than$139,320. You may qualify 2. Soecial Property Tax Refund-If you also owned and occupied this property as your homestead on for one or both January 2,2024 and both of the following are true: refunds from the • The net property tax on your homestead increased by more than 12%from 2024 to 2025. • The increase was at least$100,not due to improvements on the property. State of Minnesota For Form M1PR and instructions: based on your 2025 ® Mail es ion 142j rms Pro ert Taxes. wew.revenue.state.mn.us (651)296-3781 el p y © — St.Paul,MN 55146-1421 Make sure to provide your Property ID Number on your M1PR to ensure prompt processing. 2025 2026 May June July Aug Sep Sep Oct Oct Nov Nov Dec Jan Penalty for Late Payment of Property Tax: Property Type: 16 1 1 1 1 , 3 , 1 16 1 18 1 2 If you pay your first half or second half property tax Homesteads and Cabins after the due dates,a penalty will be added to your 1st Half 2% 4% 5% 6% 7% - 8% 8% 8% • 8% 10% tax.The later you pay,the greater the penalty you 2nd Half - - - - - - - 2° 4% - 5% 7% must pay.The table shows the penalty amounts Both Unpaid - - - - - - - 5% 6% - 6.5% 8.5% added to your tax if your property taxes are not paid before the date shown. Agricultural Homesteads 1st Half 2% 4% 5% 6% 7% - 8% 8% 8% 8% 8% 10% Personal Property Located on Leased 2nd Half - - - - - - - - - 2%• 4% 6% Government-owned Land:Taxes may be paid Both Unpaid - - - - - - - - 5%• • 6% 8% in two installments due at the same time as real Nonhomesteads property taxes.These taxes are subject to the same 1st Half 4% 8% 9% 10% 11% 12% 12% 12% - 12% 14% penalty schedule and penalty rates as real property 2nd Half - - - - - - - 4% 8% - 9% 11% taxes.All other personal property taxes are due in full Both Unpaid • - - - - 8% 10% 10.5% 12.5% on or before May 15.2025. Agricultural Nonhomesteads Note to manufactured homeowners: 1st Half 4% 8% - 9% 10% 11% - 12% 12% 12% 12% 12% 14% The title to your manufactured home cannot be 2nd Half - - - - - - - - - 4% 8% 10% transferred unless all current year and delinquent Both Unpaid - - • - • 8% 10% 12% personal property taxes are paid at the time Personal Property 8% 8% 8% 8% 8% - 8% 8% 8% 8% 8% 8% of transfer. Manufactured Homes • 1st half - - - • 8% 8% 8% 8% 8% 8% 8% 2nd half . . . . . . . . . 8% 8% 8% J k The Senior Citizen Deferral Program provides a low-interest loan to senior citizens having difficulty paying property taxes.This is not a tax forgiveness program,however,this program: • Limits the maximum amount of property tax paid to 3%of total household income,and SENIOR CITIZEN • Ensures the amount of tax paid remains the same as long as you participate in this program. To be eligible,you must file an application by November 1,2025,as well as: PROPERTY TAX 1. Be at least 65 years old. 2. Have a household income of$96,000 or less,and DEFERRAL 3. Have lived in your home for at least 5 years. To learn more and find an application for this program,or to file an on-line application,go to vwvw.revenue.state.mn.us and type"deferral"into the search box.You may also call the Senior Deferral Administrator at(651)556-4803 to have the information mailed to you. Available online,all the time!Access our Washington County website at www.washingtoncountymn.aov to: 1. Select the Property Taxes tab to pay your property taxes online or to access your property tax information.You may pay your property taxes by either credit card or electronic check. 2. Select the NOTIFY ME tab to subscribe to receive an email payment reminder each May and October. Please fold on perforation BEFORE tearing THIS STUB MUST ACCOMPANY SECOND HALF PAYMENT Pay on or before the due date to avoid penalty Please note: 1. Be certain this statement covers your property.Washington County is not responsible when taxes are paid on the wrong property. 2. Do not send post dated checks.Checks cannot be held for any reason.They will be processed when received. 3. Mailed payments must be postmarked on or before the due date. 4. Visa,MasterCard,Discover and eChecks are available as payment methods online at www.washingtoncountymn.gov. This is the only statement mailed to you.If you refinance or discontinue paying your taxes with your mortgage payments, it is your responsibility to contact our office to determine any taxes remaining due. 2-2'-25 •>2 Please fold on perforation BEFORE tearing THIS STUB MUST ACCOMPANY FIRST HALF PAYMENT Pay on or before the due date to avoid penalty Please note: 1. Be certain this statement covers your property.Washington County is not responsible when taxes are paid on the wrong property. 2. Do not send post dated checks.Checks cannot be held for any reason.They will be processed when received. 3. Mailed payments must be postmarked on or before the due date. 4. Visa,MasterCard,Discover and eChecks are available as payment methods online at www.washingtoncountymn.gov. This is the only statement mailed to you. If you refinance or discontinue paying your taxes with your mortgage payments. it is your responsibility to contact our office to determine any taxes remaining due. G0507 v2 Property Records and Taxpayer Services VALUATIO " •TICE Washington 14949 62nd Street North PO Box 6 � Stillwater,MN 55082-0006 2026 County (651)430-6175 2025 Values for Taxes Payable in www.washingtoncountymn.gov Property tax notices are delivered on the following schedule: Valuation and Classification Notice raxpayerlsl: Step Primary Class: Comm/Ind 1 Estimated Market Value: $908,800 See Details Homestead Exclusion: SO Below 99297'344"G50"1.002"3/4*****"`"AUTOALL FOR AADC 553 Taxable Market Value: $008,800 OSMUNDSON LAND CO LLC 5021 VERNON AVE S PMB 128 EDINA MN 55436-2102 Step Proposed Taxes Notice 2 2026 Proposed Tax Coming November 2025 Property ID Number: 05.029.20.21.0031 Property Tax Statement Property Address: 13435 60TH ST N Step 1st Half Taxes: STILLWATER MN 55082 3 2nd Half Taxes: Coming March 2026 Municipality: CITY OF OAK PARK HEIGHTS Total Taxes Due in 2026 Tax Description: ALL THAT PART OF THE NORTHWEST 1/4 OF SECTION 5, TOWNSHIP29,RANGE20,DESCRIBED AS FOLLOWS: The time to appeal or question your COMMENCINGWI ARANGE20 THENRTH CEWESTA ONF GTHENORTHLINE CLASSIFICATION or VALUATION is NOW! OF SAID SECTION 5 FOR 21 RODS AND 20 LINKS BEING 359.7 FE It will be too late when proposed taxes are sent. Property Classification Taxes Payable in 2025 Taxes Payable in 2026 (2024 Assessment) (2025 Assessment) How to Respond The assessor has determined your property's classification(s)to be: If you believe your valuation Comm/Ind Comm/Ind and property class are correct,it is not necessary to contact your assessor or attend any listed meetings. If you have concerns about The classification(s)of your property affect the rate at which your value is taxed. the information on this If this box is checked,your classification has changed from last year's assessment. notice,please contact your assessor.If your questions or concerns are not resolved, more formal appeal options Property Valuation are available. The assessor has estimated your property's market value to be: Please read the back of Estimated Market Value(EMV) $893,200 $908,800 this notice for important Several factors can reduce the amount that is subject to tax: information about the formal appeal process. Green Acres Value Deferral Rural Preserve Value Deferral Open Space Deferral Platted Vacant Land Deferral Exclusion for Veterans with Disabilities Mold Damage Exclusion Homestead Market Value Exclusion Taxable Market Value $893,200 $908,800 Open Book Meeting(s) April 3,2025 April 9,2025 April 17,2025 April 23,2025 5:00-7:00 p.m. 5:00-7:00 p.m. 5:00-7:00 p.m. 2:00-7:00 p.m. Cottage Grove City Hall Oakdale City Hall Woodbury City Hall Washington Cty Govt Center 12800 Ravine Pkwy S 1584 Hadley Ave N 8301 Valley Creek Rd 14949 62nd St N County Board of Appeal and Equalization 5:00 PM,TUESDAY,JUNE 17,2025,GOV'T CENTER STILLWATER-CALL 651-430-6175 IT IS RECOMMENDED THAT PROPERTY OWNERS CALL BY MAY 1,2025 FOR AN APPOINTMENT Property information is available on the county website or at our office during normal business hours.Call 651-430-6175 for more information. RECEIVED NOV 2 1 2025 nnt 99297 2/2 tegg Appealing the Value or Classification of Your Property Definitions Informal Appeal Options-Contact Your Assessor Exclusion for Veterans With Disabilities—Veterans with If you have questions or concerns,the assessor can help explain qualifying disablilities may be eligible for a valuation exclusion the details of your property's valuation and classification. Contact on their homestead property. information for your assessor's office is on the other side of this notice. Estimated Market Value—This value is what the assessor Some jurisdictions choose to hold open book meetings to allow estimates what your property would likely sell for on the open property owners to discuss their concerns with the assessor.If this market. is an option available to you,the meeting time(s)and location(s)will be indicated on the other side of this notice. Formal Appeal Options Green Acres—Applies to class 2a agricultural property that is facing increasing values due to pressures not related to the If your questions or concerns are not resolved after meeting with your agricultural value of the land.This value is determined by assessor,you have two formal appeal options: looking at what comparable agricultural land is selling for in areas where there is no development pressure.The taxes on Option 1-The Boards of Appeal and Equalization the higher value are deferred until the property is sold, transferred,withdrawn,or no longer qualifies for the program. You may appear before the Boards of Appeal and Equalization in person,through a letter,or through a representative authorized by you.The meeting times and locations are on the other side of this Homestead Market Value Exclusion—Applies to residential notice.You must have presented your case to the Local Board homesteads and to the house,garage,and one acre of land for of Appeal and Equalization BEFORE appealing to the County agricultural homesteads.The exclusion is a maximum of Board of Appeal and Equalization. $38,000 at$95,000 of market value,and then decreases by Step1—Local Board of nine percent for value over$95,000.The exclusion phases out Appeal and Equalization for properties valued at$517,200 or more. If you believe your value or classification is incorrect,you may bring your case to the Local Board of Appeal and Equalization. Please contact your assessor's office for more information.If your New Improvements—This is the assessor's estimate of the city or township does not have a Local Board of Appeal and value of new or previously unassessed improvements that Equalization(as indicated on the other side of this notice)you may have been made to your property within the past five years. appeal directly to the County Board of Appeal and Equalization. Step 2—County Board of Appeal and Equalization If the Local Board of Appeal and Equalization did not resolve your Plat Deferment—For land that has been recently platted concerns,you may bring your case to the County Board of Appeal (divided into individual lots)but not yet improved with a and Equalization.Please contact your assessor's office to get on the structure,the increased market value due to platting is phased agenda or for more information. in over time.If construction begins,or if the lot is sold before expiration of the phase-in period,the lot will be assessed at full market value in the next assessment. Option 2-Minnesota Tax Court Depending on the type of appeal,you may take your case to either Rural Preserve—Applies to class 2b rural vacant land that is the Small Claims Division or the Regular Division of Tax Court. part of a farm homestead or that had previously been enrolled You have until April 30(October 1 for manufactured homes assessed in Green Acres,if it is contiguous to agricultural land enrolled in as personal property)of the year in which taxes are payable to file Green Acres.This value may not exceed the Green Acres an appeal with the Small Claims Division or the Regular Division of value for tilled lands.The taxes on the higher value are Tax Court for your valuation and classification. deferred so long as the property qualifies. For more information,contact the Minnesota Tax Court: Taxable Market Value—This is the value that your property Phone:651-539-3260 or for MN Relay call 1-800-627-3529 taxes are actually based on,after all reductions. On the web:www.mn.gov/tax-court 2-26-25 v3 For more information on appeals,visit the Department of Revenue website:www.revenue.state.mn.us 99297 2/2 OMAR SALAH Detroit, MI I Multi-Unit Retail Operator&Real Estate Entrepreneur Omar Salah is a proven retail operator and real estate entrepreneur with over a decade of experience successfully overseeing and scaling high volume retail stores in Metro Detroit. He leads over 80 employees across seven liquor and convenience store locations and specializes in building efficient retail systems, maximizing sales performance, and maintaining operational excellence. Core Skills & Strengths • Multi-unit retail operations and management • POS system implementation and optimization • 18,000+SKU inventory oversight per location •Cash control, shrink prevention, and financial discipline • Real estate site acquisition and retail development • Hiring, training, and leading large retail teams • Customer service systems and community focused operations •Proven revenue growth and operational efficiency Retail Portfolio Business Location Years Stop&Go Detroit 3205 W McNichols Rd, Detroit MI 2017-Present King of Wyoming 13970 Wyoming Ave, Detroit MI 2023-Present King of Telegraph 4503 S Telegraph Rd, Dearborn Heights MI 2023-Present Romulus Palace Liquor 31370 Ecorse Rd, Romulus MI 2012-Present Romulus Convenience 7610 Merriman Rd, Romulus MI 2012-Present Family Liquor 22000 W McNichols Rd,Detroit MI 2021 -Present Motown Liquor 8523 W 8 Mile Rd, Detroit MI 2024-Present RECEIVED NOV 2 1 2025 � esig Team Architecture•Interior Design Power Plant Cannabis Shop II, LLC Contact Information List Applicant (Primary Contact & Majority Owner) Lauren Weiss Power Plant Cannabis Shop II, LLC Role: Majority Owner & Authorized Signatory Phone: (732) 768-7977 Email: micci(cr�mjweisslaw.com Minority Owner: Omar Salah Role: Minority Owner & Leasehold Rights Holder (Authorized Agent for Project Coordination) Phone: (248) 504-1852 Email: omar28948©gmail.com Property Owner: Eric J. Osmundson Phone: (651) 431-0436 Email: Ericosmundsonland.com Design Architect of Record: Harold Remlinger, AIA, LEED AP NCARB Phone: (248) 559-1000 Email: harold(c�designteamplus.com RECEIVED NOV 2 1 2025 DesignTeam Plus, Inc. 975 East Maple Rd., Suite 210, Birmingham, Michigan 48009 248.559.1000 www.designteamplus.com info@designteamplus.com LEASE This Lease("Lease")dated as of this_day of ,2025(the"Effective Date"),by and between Osmundson Land Company,LLC,a Minnesota limited liability company("Landlord")and Omar Salah,on behalf of an entity to be formed,or his assigns,subject to Section 12 below("Tenant"). WHEREAS,in consideration of the Rent hereinafter defined,and the covenants contained herein,Landlord and Tenant hereby agree as follows: 1. Basic Lease Information/Definitions. 1.1 Premises The entire lot consisting of approximately 1.14 acres,including approximately 14,502 square feet,consisting of the Building,as depicted on Exhibit A attached hereto and incorporated herein by reference. See Section 3. 1.2 Building 13435 60th St.North,Oak Park Heights,MN 55082,situated on that certain real property legally described on Exhibit B attached hereto and incorporated herein by reference("Property"),consisting of approximately 19,838 square feet. 1.3 Commencement Date The Commencement Date shall be November 1.2025. 1.4 Term The"Initial Term"is Twenty-Four(24)months unless sooner terminated.Any extension pursuant to the terms and conditions of this Lease is an"Option Term". If the Commencement Date is a day other than the first day of the month,the Term of this Lease shall be extended an equal number of days so that the Term of this Lease shall end on the last day of the Twenty Fourth(24)month period following the Commencement Date. 1.5 Base Rent Base Rent shall be the following amounts for the following periods of time: Months of the Lease Term Monthly Base Rent 1-3 $0.00 4-5 $2,500.00 6-7 $5,000.00 If city and state approval for use as a cannabis retailer("Approval")is not obtained within the first 7 months after the Commence Date,the rental payment shall continue at$5,000.00 until the sooner of,such approval is obtained or up to one year from the Commencement Date. If Approval is obtained within the first 7 months,then rent for months 8-12 shall be as follows: 8-24 $12,085.00 1.6 Tenant's Pro Rata Share 100% See Section 4.3. 1.7 Security Deposit $12,085.00 See Section 5. 1.8 Tenant's Notice Address See Section 19. Attn: Omar Salah 28948 Hearthstone Dr. Novi,MI 48377 1.9 Landlord's Notice Osmundson Land Company,LLC-See Section 19. Address Attn: Eric J.Osmundson 2900 North Roosevelt Blvd. 1 RECEIVED NOV 2 1 2025 Key Plaza UPS Store—Box 215 Key West,FL 33040 1.10 Insurance Requirement $2,000,000 public liability,bodily injury and property damage combined policy. See Section 11. 2. Cannabis Compliance. 2.1. Tenant shall have no right to operate its business on the Premises until Tenant has provided Landlord with a certificate of insurance evidencing the insurance coverages that Tenant is obligated to maintain pursuant to this Lease together with a copy of the validly issued and currently effective Minnesota State licenses to operate a grow/processing facility for cannabis issued the Tenant that will be operating on the Premises. Notwithstanding the foregoing, Tenant is expressly permitted to make the Improvements on the Premises prior to receipt of all Cannabis Use Permits(defined below)For these purposes the"Cannabis Use Permits"are defined as follows is defined as follows: 2.2. Cannabis Use Permits:Tenant acknowledges and agrees and Landlord requires,that Tenant shall secure all State of Minnesota, all County of Washington,Minnesota,and all City of Oak Park Heights required licenses and approvals of all applicable jurisdictions and regulatory bodies, including those required under the Minnesota Statutes Section 342 and any and all applicable rules, and regulations promulgated pursuant thereto, as such may be amended or substituted from time to time (the "Cannabis Code") to operate for its intended cannabis cultivation, processing, distribution and/or retail facility,and any other permitted use per Tenant's permit,including without limitation,those necessary to be in compliance with the Cannabis Code (collectively, the "Cannabis Use Permits"). Tenant shall evidence all such Cannabis Use Permits by providing a copy of same to Landlord.Tenant covenants and agrees that during the Term of this Lease Tenant shall use its best efforts to keep all such Cannabis Use Permits in full force and effect with the State of Minnesota at that time and to materially comply with all applicable laws,rules and regulations including the Cannabis Code.Tenant may,upon 30 calendar days'written notice to Landlord,terminate this Lease if Tenant is not able to secure Cannabis Use Permits,in Tenant's sole discretion. This termination right may be exercised at anytime within one year from the Commencement Date.Upon termination under this section,provided Tenant is not in default under the Terms of the Lease,the entire Security Deposit shall be refunded to Tenant,30 calendar days after Termination Date or 30 calendar days after entire premises have been vacated and all keys returned,whichever is later. 2.3. Zoning Approvals:Tenant represents and warrants that prior to commencement of operations,they will have obtained and will maintain all required state and local permits,licenses and approvals,including any local land use and zoning permits necessary for their construction of the Buildings and all related improvements(together with the Cannabis Use Permits,the"Permits and Approvals")and none of the Permits and Approvals have been appealed.Tenant further represents and warrants that they have provided copies of all Permits and Approvals to Landlord. Tenant may, upon 30 calendar days'written notice to Landlord,terminate this Lease if Tenant is not able to secure Cannabis Use Permits, in Tenant's sole discretion. This termination right may be exercised at anytime within one year from the Commencement Date.Upon termination under this section,provided Tenant is not in default under the Terms of the Lease,the entire Security Deposit shall be refunded to Tenant,30 calendar days after Termination Date or 30 calendar days after entire premises have been vacated and all keys returned,whichever is later. 2.4. Landlord's Right of Termination for Legal Climate Risk Change: If at any time during the Term(s)of the Lease,the legal landscape in which Minnesota sanctioned and approved use herein contemplated interplays with the Federal Issues(defined below), is altered such that Landlord has received written notice or formal action from a governing agency directed at Landlord or Landlord's property or there has occurred a seizure of Landlord's property,or Federal action to impose or seek criminal sanctions or civil forfeiture upon Landlord or any of its assets by reason of this Lease and/or the related activities contemplated herein to occur(or occurring),then Landlord may terminate the Lease upon 30 days'prior written notice to Tenant of termination,whereupon the Lease shall be deemed and treated as though it had naturally expired on the indicated termination date set forth in such notice, unless Tenant is able to prevent or cure,as applicable,the material adverse consequence prior to such termination date and provided further,during such thirty(30)day period,Tenant shall cease any operation or activity to the extent necessary to address the actual threat to Landlord as credibly presented and communicated in writing to Tenant. Landlord expressly acknowledges, however,that the current legal landscape as of the Effective Date hereof,including the current status of Federal Issues, shall not in and of itself constitute such a legal climate risk change permitting any such termination.Upon any such termination, Landlord shall not have any obligation to reimburse or recompense Tenant for any costs Tenant has incurred related to Tenant's improvements of the Premises; the Building shall remain on the Property; and in any 2 event rents and charges hereunder shall remain due and owing through any actual termination date arising. Further, upon any such termination, Tenant shall be allowed a reasonable time to remove Tenant's furniture, fixtures, and expenses. 3. Premises. Landlord hereby leases to Tenant the Premises for the Term pursuant to the terms and conditions of this Lease. 4. Rent. 4.1. Rent.Tenant shall pay to Landlord the Base Rent identified in Section 1.5 of this Lease in advance on the first day of each calendar month during the Term paid electronically to Landlord's account using the account and routing number provided to Tenant from time to time,or such other location as Landlord shall advise Tenant of from time to time,and Base Rent payments shall be made payable to"Osmundson Land Company,LLC" Notwithstanding the foregoing, Tenant shall pay upon execution of this Lease an amount equal to the first month of Base Rent and Additional Rent (if any).Should the Term commence or terminate on a day other than the first day or the last day of a calendar month, Landlord and Tenant agree that Base Rent for the first and last month of the Term shall be prorated and Base Rent for the remaining months shall be due and payable on the first of the month as provided above. Base Rent plus all other sums due and owing pursuant to this Lease shall be collectively called"Rent." This Lease shall be deemed to be a"triple net"lease, it being the express understanding and intent of Landlord and Tenant that the Base Rent, as applicable, due hereunder shall be absolutely net to Landlord and that all costs and expenses for the Premises,to the extent practicable,shall be paid directly to the applicable service provider or entity charging such expense by Tenant.Except as otherwise expressly set forth herein,Tenant shall pay all expenses arising in connection with the Premises,including without limitation,all Expenditures(as hereinafter defined).All charges payable by Tenant under the terms of this Lease other than Base Rent or Rent if Reset, as applicable, are called Additional Rent(as hereinafter defined).The term"Rent"shall mean Base Rent and Additional Rent. 4.2. Late Payment. If any installment of Rent or any other sums due from Tenant is not received by Landlord within 10 calendar days following the due date,Tenant will pay to Landlord a late charge equal to 5%of such overdue amount. Landlord and Tenant hereby agree that such late charge represents a fair and reasonable estimate of the costs Landlord would incur as a result of such late payment. 4.3. Common Area Expenditures,Taxes and Insurance. (a) "Additional Rent"shall mean that amount which is equal to Tenant's Pro Rata Share,as identified in Section 1.6 of this Lease,of the Expenditures, and Taxes for the Building. "Expenditures" shall mean all expenses, costs and disbursements paid or incurred in connection with the ownership, management, maintenance, insuring, operation, replacement and repair of the Premises,Building and Property,provided,however,that any costs or expenses associated with capital improvements shall be amortized over the useful life of such capital item."Taxes"shall mean all taxes,assessments and fees accruing and/or assessed during the Term in connection with the Property,the property of Landlord located therein or the rents collected there from, by any governmental entity based upon the ownership,leasing,renting or operation of the Property,including all costs and expenses of protesting any such taxes, assessments or fees.Tenant shall pay when due any and all real estate taxes and special assessments and installments thereof due and payable with respect to the Premises. Tenant shall pay when due any and all dues and assessments imposed by any owners association having authority over or with respect to the Leased Premises,if any. (b) Expenditures shall not include:repairs,restoration or other work occasioned by fire,windstorm other casualty or eminent domain; expenses incurred in leasing space or procuring tenants; leasing commissions; advertising expenses; expenses (including permit,license and inspection fees)for improving,renovating,painting,decorating or redecorating vacant space or space for new tenants; legal expenses incident to enforcement by Landlord of the terms of any lease; interest or principal payments on any mortgage loan or other indebtedness of Landlord;Landlord's cost of electricity or other utility that is separately metered to another premises of a tenant, and is payable by such tenant; depreciation and amortization on the Premises except as expressly permitted elsewhere in this Lease;costs incurred because the Landlord violated the Lease or Landlord or another tenant violated any other lease of any portion of the Premises;interest on debt or amortization payments on mortgages or deeds of trust or any other debt for borrowed money;items and services for which Tenant reimburses Landlord or pays third parties or that Landlord provides selectively to one or more tenants of the Premises other than Tenant without reimbursement;advertising or promotional expenditures;repairs or other work needed because of fire,windstorm,or other casualty or cause insured against by Landlord and for which proceeds of such insurance are actually paid to or on behalf of Landlord;nonrecurring costs incurred to remedy structural defects in original construction materials or installations; and costs incurred to test, survey, cleanup, contain, abate, remove or otherwise remedy hazardous wastes or asbestos- containing materials from the Premises, unless the wastes or asbestos-containing materials were in or on the Premises because of Tenant's negligence or intentional act or omission. Further, Expenditures shall exclude any management fees and the maintenance, repair,or replacement of the roof,structure,foundation and parking lot,which shall be the Landlord's responsibility. 3 (c) During the first two months of the Initial Term, Landlord shall be responsible for and pay the following Expenditures:Property Taxes,Electric,Water,Sewer,Natural Gas,and any other utilities other than cable,telephone,internet. 5. Security Deposit. Upon execution of this Lease,to secure the faithful performance by Tenant of all the terms and conditions of this Lease,Tenant shall pay to Landlord the Security Deposit identified in Section 1.7 of this Lease. Tenant understands: (a)that the Security Deposit or any portion thereof may be applied to the curing of any Event of Default as hereinafter defined,without prejudice to any other remedy or remedies which Landlord may have on account thereof,and upon such application,Tenant shall pay Landlord on demand the amount so applied which shall be added to the Security Deposit so the same may be restored to its original amount;(b)that should the Premises be conveyed by Landlord,the Security Deposit or any portion thereof not previously applied may be turned over to Landlord's grantee and if the same be turned over,Tenant hereby releases Landlord from any and all liability with respect to the Security Deposit and/or its application or return,and Tenant agrees to look to such grantee for such application or return;(c)that Landlord shall not be obligated to hold said Security Deposit as a separate fund,but may commingle the same with its other funds;and(d)that upon termination of the Lease or expiration of the Term and surrender of the Premises,the sum deposited or the part or portion thereof not previously applied shall be returned to Tenant without interest no later than thirty(30)days after the expiration of the Term or any renewal or extension thereof. 6. Use. 6.1. Permitted Uses.Tenant may use the Premises for a State of Minnesota officially sanctioned,approved,permitted and authorized cannabis cultivation, processing,retail or distribution facility as further described below, in compliance with all of the Permits and Approvals described above, or for any other use permitted by the Cannabis Code (the "Permitted Use");and for no other use or purpose whatsoever if not in compliance with the Permits and Approvals. Tenant shall NOT be permitted to sell any product to be consumed on site whatsoever. Landlord and Tenant acknowledge and agree that the Permitted Use is the intended use to be permitted under this Lease.Notwithstanding anything herein to the contrary,Landlord acknowledges and agrees that Tenant's Permitted Use shall not be a violation of this Lease while and so long as Tenant is properly licensed,permitted and approved with all Permits and Approvals in good standing(the"Legal Compliance Clarification"). 6.2. Compliance With Laws. 6.2.1. Landlord's Compliance.Tenant shall be responsible for any costs associated with making any modifications to the Buildings required pursuant to any federal, state or local laws, ordinances, Buildings codes, and rules and regulations of governmental entities having jurisdiction over the Premises,including but not limited to the Board of Fire Underwriters and the Americans with Disabilities Act("ADA"), all regulations and orders promulgated pursuant to the ADA,the Cannabis Code(collectively,"Applicable Laws").Landlord shall comply with any and all Cannabis Code provisions specifically relating to landlords and specifically with respect to ADA for the structure of the Building. Further, Tenant shall remain responsible for ADA compliance for its employees and within the Building. Notwithstanding the foregoing, Applicable Laws shall not include the Federal Controlled Substances Act and any Federal law that may be violated by virtue of being in violation of the Controlled Substances Act. Tenant hereby acknowledges and agrees that the Premises, and Tenant's occupancy thereof, is subject to all matters of Public Record. 6.2.2. Tenant's Compliance.Tenant shall materially comply with all Applicable Laws and operational registrations and licenses, and ventilation requirements, including without limitation, the Cannabis Code, and shall promptly comply with all governmental orders and directives for the correction,prevention,and abatement of any nuisances and any violation of Applicable Laws in, upon, or connected with the Premises, all at Tenant's sole expense. Tenant warrants that all improvements or alterations of the Premises made by Tenant or Tenant's employees, agents or contractors,either prior to Tenant's occupancy of the Premises or during the Term,will comply with all Applicable Laws, including any and all on site security requirements set forth under Applicable Laws or as otherwise reasonably required by Landlord given the safety concerns associated with the Permitted Use hereunder.In the event that(i)Tenant's specific use and occupancy of the Premises,or(ii)any alterations to the Premises performed by or on behalf of Tenant pursuant to this Lease,necessitates or triggers any modifications (including structural modifications)to the Premises or Buildings or alterations to the Buildings systems,the same shall be made by Landlord pursuant to a budget reasonably agreed upon by Landlord and Tenant and promptly reimbursed by Tenant within thirty(30)days after written demand by Landlord,including backup substantiating Tenant's proportionate share of the expenses.In addition,Tenant warrants that its use of the Premises will be in 4 material compliance with all Applicable Laws subject to the Legal Compliance Clarification.Notwithstanding the foregoing, Tenant may, at Tenant's expense, add a parking lot, as long as approved by all governing authorities. 6.2.3. Hazardous Material.Throughout the Term,Tenant will not bring upon the Premises or release,discharge,store, dispose,or transport of any Hazardous Materials(as hereinafter defined)on,under,in,above,to,or from the Premises or the Buildings,except that de minimis quantities of Hazardous Materials may be used in the Premises as necessary for the customary maintenance of the Premises provided that same are used,stored and disposed of in strict compliance with Applicable Laws.For purposes of this provision,the term"Hazardous Materials"will mean and refer to any wastes,materials,or other substances of any kind or character that are or become regulated as hazardous or toxic waste or substances,or which require special handling or treatment, under any Applicable Laws. If Tenant's activities at the Premises or Tenant's use of the Premises(a)result in a release of Hazardous Materials that is not in compliance with Applicable Laws or permits issued thereunder; (b) gives rise to any claim that requires a response under Applicable Laws or permits issued thereunder; (c) causes a significant public health threat; or (d) causes the presence at the Premises, Buildings of Hazardous Materials in levels that violate Applicable Laws or permits issued thereunder, then Tenant shall, at its sole cost and expense: (i)immediately provide verbal notice thereof to Landlord as well as notice to Landlord in the manner required by this Lease, which notice shall identify the Hazardous Materials involved and the emergency procedures taken or to be taken; and(ii)promptly take all action in response to such situation required by Applicable Laws,provided that Tenant shall first obtain Landlord's approval of the non-emergency remediation plan to be undertaken.Landlord hereby represents that to the best of its knowledge and belief as of the Effective Date there are no Hazardous Materials at the Buildings or on the Premises which exceed levels that require remediation or similar clean up or curative action be taken. Tenant shall at all times indemnify and hold harmless Landlord against and from any and all claims,suits, actions,debts,damages,costs,losses,obligations,judgments,charges and expenses(including reasonable attorneys' fees)of any nature whatsoever suffered or incurred by Landlord to the extent they were caused by the following activities of Tenant at the Premises,Buildings or Property during the Term of this Lease and arise from events or conditions which came into existence after the Effective Date not caused by Landlord or other tenants:(i)any release,release,or disposal of any Hazardous Materials at the Premises,Buildings or Property by Tenant,or(ii)the violation of any Applicable Laws at the Premises,Buildings or Property pertaining to protection of the environment,public health and safety,air emissions,water discharges,hazardous or toxic substances,solid or hazardous wastes or occupational health and safety.The indemnification obligations of Tenant shall survive the expiration or earlier termination of this Lease. 7. Utilities. Tenant agrees to pay when due all utility charges incurred in connection with its use and occupancy of the Premises,including,but not limited to, electricity, natural gas, and telephone and to immediately transfer all utility accounts into its own name and to make all required deposits on the Commencement Date. If requested by Landlord, Tenant shall provide Landlord with reasonably acceptable evidence that Tenant has transferred all utilities into Tenant's name prior to the Commencement Date.Tenant shall at all times keep the Premises adequately heated to prevent the sprinkler system and water pipes from freezing. Landlord shall not be liable for any interruption or failure in supply of any utility to the Premises. 8. Condition of Premises. 8.1. Landlord Improvements. Tenant acknowledges and agrees that Landlord has not undertaken to perform any modification, alteration or improvements to the Premises,and Tenant further waives any defects in the Premises and acknowledges and accepts the Premises in their"AS IS"condition,and as suitable for the purpose for which they are leased. 8.2. Alterations to the Premises. Tenant acknowledges that Landlord may make alterations to the Premises during the Term. Tenant agrees that such alterations are acceptable and that such alterations will not be deemed an eviction of Tenant from the Premises or to modify or otherwise reduce Tenant's obligations hereunder. Tenant will cooperate with Landlord while Landlord is making such changes,provided that Landlord agrees to use commercially reasonable efforts to reduce the interference with Tenant's use of the Premises while making such alterations. 8.3. Tenant Improvements.Tenant must obtain Landlord's prior consent to all Tenant Improvements,which approval may be granted or withheld in Landlord's sole discretion. Prior to commencing any Tenant Improvements,Tenant must 5 obtain Landlord's approval to all plans and specifications and all contractors or subcontractors to be used by Tenant. Tenant's contractors and subcontractors must also obtain all insurance reasonably requested by Landlord,and must meet all other rules and regulations that are reasonably promulgated by Landlord. Upon completion of the Tenant Improvements,Tenant must submit to Landlord receipts of all amounts paid by Tenant in connection with the Tenant Improvements and final lien waivers in recordable form from all contractors, subcontractors,and material suppliers that contributed to the Tenant Improvements in any way. Upon receipt of such receipts and lien waivers,Landlord must pay to Tenant an amount equal to the lesser of the Allowance and the amount that Tenant has paid in connection with the completion of the Tenant Improvements. 9. Maintenance and Repairs. 9.1. Landlord's Obligations.This section intentionally deleted. 9.2. Tenant's Obligations. Tenant shall at its own cost and expense repair and maintain (including replacement if necessary) only the roof, foundation, and exterior walls of the building located on the Premises, in good repair, reasonable wear and tear. Tenant shall,at its expense,throughout the Term and all renewals and extensions thereof, maintain in good order, condition and repair the Premises,including but not limited to landscaping, snow removal, heating and air conditioning equipment, walls, floors and ceilings, window exteriors, mechanical and electrical systems and equipment exclusively serving the Premises,electric light fixtures,bulbs,tubes and tube casings,doors, floor coverings,dock doors,levelers,plumbing system and plumbing fixtures,Tenant's signs and utility facilities not maintained by Landlord.Landlord shall use reasonable efforts to extend to Tenant the benefit from warranties on such items,if any,that have been made by Landlord's contractors or vendors and to extend to Tenant,as and if available, any bulk buying power that Landlord may have with such contractors or vendors.If any portion of the Premises or any system or equipment in the Premises which Tenant is obligated to repair cannot be fully repaired,Tenant shall promptly replace the same,regardless of whether the benefit of such replacement extends beyond the Term.Tenant shall, at Tenant's expense,maintain a preventive maintenance contract providing for the regular inspection(at least quarterly) and maintenance of the heating and air conditioning system by a licensed and qualified heating and air conditioning contractor, or Tenant shall perform such HVAC inspection and maintenance with duly licensed and qualified employee.The cost of such preventive maintenance contract shall be paid by Tenant and an expense solely chargeable to Tenant;but if Landlord so elects, same may be billed directly by Landlord to Tenant where Landlord on Tenant's behalf enters into such preventive maintenance contract and in such case shall be deemed Additional Rent (Landlord alone may so elect whether to enter into such preventive maintenance contract on Tenant's behalf).Landlord shall have the right, upon notice to Tenant, to undertake the responsibility for preventive maintenance of any other system or component at Tenant's expense.Tenant shall be responsible for janitorial services and trash removal from the Premises,at Tenant's expense.Landlord and Tenant intend that,at all times during the Term,Tenant shall maintain the Premises in good order and condition and appearances reasonably commensurate with the balance of the Property. All of Tenant's obligations to maintain and repair shall be accomplished at Tenant's sole expense.If Tenant fails to maintain and repair the Premises as required by this Section,Landlord may,on 10 days'prior written notice(except that no notice shall be required in case of emergency),enter the Premises and perform such maintenance or repair on behalf of Tenant;provided such entry is made in compliance with Applicable Laws,including but not limited to,the Marijuana Code.In such cases,Tenant shall reimburse Landlord immediately upon demand for all costs incurred in performing such maintenance or repair plus an administration fee equal to 5%of such actual and reasonable costs or expenses. 10. Alterations. Tenant will not make or allow to be made any alterations in or to the Premises without first obtaining the written consent of Landlord, which consent will not be unreasonably withheld;provided,however that such Landlord consent shall not be required for changes that are not to the exterior, or are not to the structure,or are not to Building systems, or which are merely cosmetic in nature. All Tenant alterations will be accomplished in a good and workmanlike manner at Tenant's sole expense,in conformity with all Applicable Laws by a licensed and bonded contractor approved in advance by Landlord,such approval of contractor not to be unreasonably withheld or delayed. All contractors performing alterations in the Premises shall carry workers' compensation insurance, commercial general liability insurance,automobile insurance and excess liability insurance in amounts reasonably acceptable to Landlord and shall deliver a certificate of insurance evidencing such coverages to Landlord prior to commencing work in the Premises.Upon completion of any such work,Tenant shall provide Landlord with"as built"plans,copies of all construction contracts,and proof of payment for all labor and materials. All alterations or improvements, shall remain with the Premises upon Lease termination or expiration and will be surrendered to Landlord along with the Premises at such time and will be deemed owned by Landlord at all times from and after and upon completion thereof(but rights to the use of same and Tenant's obligations to keep in good order,condition and repair and maintain same, as a part of the Premises, shall remain with Tenant pursuant to this Lease during the term of this Lease). Tenant will have no authority or power,express or implied,to create or cause any construction lien or mechanics'or materialmen's lien or claim of any kind 6 against the Premises,the Property or any portion thereof.Landlord's interest in the Premises is not and shall not be subject to any liens as a result of Tenant's use or occupancy of the Premises including specifically,without limitation,for improvements made by Tenant, and all such liens are expressly prohibited.Tenant will promptly cause any such liens or claims to be released by payment,bonding or otherwise within thirty(30)days after request by Landlord,and will indemnify Landlord against losses arising out of any such claim including,without limitation,legal fees and court costs.Landlord has the right,but not the obligation,to discharge any such lien.Any amount paid by Landlord for such purpose and Landlord's related reasonable attorneys' fees shall be paid by Tenant to Landlord upon demand and shall accrue interest from the date paid by Landlord until Landlord is reimbursed therefor at the highest rate permitted by Law.NOTICE IS HEREBY GIVEN THAT LANDLORD WILL NOT BE LIABLE FOR ANY LABOR,SERVICES OR MATERIAL FURNISHED OR TO BE FURNISHED TO TENANT, OR TO ANYONE HOLDING THE PREMISES THROUGH OR UNDER TENANT, AND THAT NO MECHANICS' OR OTHER LIENS FOR ANY SUCH LABOR, SERVICES OR MATERIALS WILL ATTACH TO OR AFFECT THE INTEREST OF LANDLORD IN THE PREMISES.TENANT WILL DISCLOSE THE FOREGOING PROVISIONS TO ANY CONTRACTOR ENGAGED BY TENANT PROVIDING LABOR, SERVICES OR MATERIAL TO THE PREMISES. 11. Insurance. 11.1. Liability Coverage. During the Term,Tenant will carry,at its own expense:(a)public liability insurance,in a form and with a company satisfactory to Landlord,(b)a bodily injury and property damage combined single limit policy of at least$2,000,000 or in such greater amounts as Landlord may from time to time reasonably require,(c) workers'compensation insurance per the applicable state statutes covering all employees of Tenant,and(d)During construction work on the Property,if any,Tenant shall procure and pay for a Builders Risk related to the contemplated construction activities reasonably acceptable to Landlord.All such insurance policies shall be endorsed to name Landlord and Landlord's agent as additional insureds and shall contain a provision that the same may not be canceled or materially modified without giving Landlord at least thirty(30)days prior written notice. In addition,such policies or certificates evidencing that such policies are in effect,shall be delivered to Landlord at the commencement of the Term and renewals shall be delivered at least ten(10)full days prior to the expiration or cancellation of any such policy. If the certificate of insurance has any disclaimers regarding additional insured status,Tenant shall provide an endorsement of the policy to Landlord and requested additional insured. If Tenant fails to comply with its covenant to maintain insurance as provided herein,Landlord may,at its option,cause insurance as aforesaid to be issued and,in such event,Tenant shall pay the premiums for such insurance as Additional Rent hereunder,which amount shall be immediately due and payable. 11.2. Indemnity. Landlord shall not be liable to Tenant for and Tenant does hereby release Landlord and its respective agents and employees from liability for any injury,loss or damages to Tenant or to any other person or property occurring upon the Property unless caused by Landlord's gross negligence or willful misconduct.Tenant agrees to indemnify,defend, and hold Landlord,Landlord's officers,directors,stockholders,employees and agents (collectively"Landlord Group")harmless against and from any and all liability,loss,costs,damages,expenses, including reasonable attorneys'fees,claims and demands,that may be brought against Landlord Group,for or on account of any damages,loss or injury to persons or property in or about the Property during the Term,or during any occupancy by Tenant prior to the Commencement Date or for any damages,loss or injury to persons or property caused by Tenant whatsoever,including injury,loss or damages imposed upon or suffered by Landlord due to breach or violation of Tenant's obligations under this Lease which breach or violation in turn give rise to any such liability,costs,expenses,court costs and reasonable attorneys' fees suffered by or imposed upon Landlord by operation of any Federal Issues as defined below,unless caused by Landlord's gross negligence or willful misconduct.For purposes of this Section,"Tenant"shall include Tenant,its employees,agents,servants,invitees, licensees,contractors and subcontractors. This indemnification shall survive the expiration or earlier termination of this Lease. 11.3. Waiver of Subrogation. To the extent permitted by law,and without affecting the coverage provided by insurance required to be maintained hereunder,Landlord and Tenant each waive any right to recover against the other for(a) damages to property,(b)damages to all or any portion of either or both of the Premises and the Property,(c)claims arising by reason of the foregoing,to the extent such damages and claims are insured against,or required to be insured against,by Landlord or Tenant under this Lease,or(d)claims paid by Tenant's workers'compensation carrier.This provision is intended to waive,fully and for the benefit of each party,any rights and/or claims which might give rise to a right of subrogation by any insurance carrier.The coverage obtained by each party pursuant to 7 this Lease shall include,without limitation,a waiver of subrogation by the carrier which conforms to the provisions of this section. 12. Assi2nment and Subletting. 12.1. Landlord Consent to Transfer. Tenant shall not enter into nor permit any Transfer(as defined herein)voluntarily or by operation of law,without the prior consent of Landlord,which consent shall not be unreasonably withheld, conditioned,or delayed. Without limitation,Tenant agrees that Landlord's consent shall not be considered unreasonably withheld if(i)the proposed transferee is an existing tenant of Landlord or an affiliate of Landlord,(ii) the business,business reputation or creditworthiness of the proposed transferee is unacceptable to Landlord,(iii) Landlord or an affiliate of Landlord has comparable space available for lease by the proposed transferee or(iv) Tenant is in default under this Lease or any act or omission has occurred which would constitute a default with the giving of notice and/or the passage of time.A consent to one Transfer shall not be deemed to be a consent to any subsequent Transfer. In no event shall any Transfer relieve Tenant from any obligation under this Lease. Landlord's acceptance of Rent from any person shall not be deemed to be a waiver by Landlord of any provision of this Lease or to be a consent to any Transfer. Any Transfer not in conformity with this Section 12 shall be void at the option of Landlord. "Transfer"means(i)any assignment,transfer,pledge or other encumbrance of all or a portion of Tenant's interest in this Lease,(ii)any sublease,license or concession of all or a portion of Tenant's interest in the Premises,or(iii)any transfer of a controlling interest in Tenant.Notwithstanding the foregoing, consent shall not be required,if Tenant transfers to an entity whereby Omar Salah is one of the members or stockholders,provided that both Omar Salah's financial and governance rights in said entity,are greater than 25%. • 12.2. Landlord's Right to Terminate. The provisions of Subsection 12.1 above notwithstanding,if Tenant proposes to Transfer all of the Premises,Landlord may terminate this Lease,either conditioned on execution of a new lease between Landlord and the proposed transferee or without that condition. If Tenant proposes to enter into a Transfer of less than all of the Premises(other than to an Affiliate),Landlord may amend this Lease to remove the portion of the Premises to be transferred,either conditioned on execution of a new lease between Landlord and the proposed transferee or without that condition. If this Lease is not so terminated or amended,Tenant shall pay to Landlord, immediately upon receipt,the excess of(i)all compensation received by Tenant for the Transfer over(ii)the Rent allocable to the Premises transferred. 12.3. Transfer Documents. If Tenant requests Landlord's consent to a Transfer,Tenant shall provide Landlord,at least 15 days prior to the proposed Transfer,current financial statements of the transferee certified by an executive officer of the transferee,a complete copy of the proposed Transfer documents,and any other information Landlord reasonably requests. Immediately following any approved assignment or sublease,Tenant shall deliver to Landlord an assumption agreement reasonably acceptable to Landlord executed by Tenant and the transferee,together with a certificate of insurance evidencing the transferee's compliance with the insurance requirements of Tenant under this Lease. Tenant agrees to reimburse Landlord for reasonable administrative and attorneys' fees in connection with the processing and documentation of any Transfer for which Landlord's consent is requested. 13. Subordination/Estoppel Certificates. Tenant accepts this Lease,and the tenancy created hereunder,subject and subordinate to any underlying leases,mortgages,deed of trust, leasehold mortgages or other security interests now or hereafter a lien upon or affecting the Premises or any part thereof.Tenant shall, at any time hereafter, on request,execute any instruments that may be required by any mortgage,mortgagee,deed of trust,trustee,or underlying owner or Landlord hereunder to subordinate Tenant's interest hereunder to the lien of any such mortgages,deed or deeds of trust or underlying lease. Tenant agrees at any time and from time to time upon five(5) business days prior notice by Landlord to execute,acknowledge and deliver to Landlord a statement in writing certifying that this Lease is unmodified and in full force and effect (or if there have been modifications,that the same is in full force and effect as modified and stating the modifications)and the dates to which Rent and other charges have been paid in advance,if any,and stating whether or not Landlord is in default in performance of any covenant, agreement or condition contained in this Lease and, if so, specifying each such default of which the signer may have knowledge,and such other matters as Landlord may request,it being intended that any such statement hereunder may be relied upon by any third party not a party to this Lease. The failure of Tenant to execute any such instruments,leases or documents shall constitute an Event of Default hereunder. 14. Default. 14.1. Events of Default. It shall be an"Event of Default"if: (a) Tenant does not pay in full when due any and all Rent and,except as provided in Section 14.2 below,Tenant fails to cure such default on or before the date that is 10 days after Landlord gives Tenant notice of default; (b) Tenant enters into or permits any assignment or sublet in violation of Section 12 above; 8 (c) Tenant fails to observe and perform or otherwise breaches any other provision of this Lease,and,except as provided in Section 14.2 below,Tenant fails to cure the default on or before the date that is 30 days after Landlord gives Tenant notice of default;provided,however, if the default cannot reasonably be cured within 30 days following Landlord's giving of notice,Tenant shall be afforded additional reasonable time(not to exceed 60 days following Landlord's notice)to cure the default if Tenant begins to cure the default within 30 days following Landlord's notice and continues diligently in good faith to completely cure the default;or (d) Tenant becomes insolvent or makes a general assignment for the benefit of creditors or offers a settlement to creditors,or if a petition in bankruptcy or for reorganization or for an arrangement with creditors under any federal or state law is filed by or against Tenant,or a bill in equity or other proceeding for the appointment of a receiver for any of Tenant's assets is commenced, or if any of the real or personal property of Tenant shall be levied upon;provided that any proceeding brought by anyone other than Landlord or Tenant under any bankruptcy,insolvency,receivership or similar law shall not constitute an Event of Default until such proceeding has continued unstayed for more than 60 consecutive days. 14.2. Landlord Rights and Remedies. If an Event of Default occurs,Landlord shall have the following rights and remedies: (a) Landlord,without any obligation to do so,may elect to cure the default on behalf of Tenant,in which event Tenant shall reimburse Landlord upon demand for any sums paid or costs incurred by Landlord(together with an administrative fee of 5%thereof)in curing the default,plus interest at a rate of twelve percent(12%)from the respective dates of Landlord's incurring such costs,which sums and costs together with interest shall be deemed Additional Rent and shall be immediately due and payable; (b) To the extent allowable by law,to enter and repossess the Premises by all lawful means, including where permitted, by breaking open locked doors if necessary, and remove all persons and all or any property, without being liable for prosecution or damages. Landlord may,at Landlord's option,make alterations and repairs in order to relet the Premises and relet all or any part(s)of the Premises for Tenant's account. Tenant agrees to pay to Landlord on demand any deficiency(taking into account all costs incurred by Landlord)that may arise by reason of such reletting. In the event of reletting without termination of this Lease, Landlord may at any time thereafter elect to terminate this Lease for such previous breach; (c) To accelerate the whole or any part of the Rent for the balance of the Term, and declare the same to be immediately due and payable; (d) To terminate this Lease and the Term without any right on the part of Tenant to save the forfeiture by payment of any sum due or by other performance of any condition,term or covenant broken;and (e) To collect from Tenant all reasonable attorney's fees, costs of suit, investigation expenses and discovery costs,including costs of appeal,arising out of or in connection with an Event of Default. The above remedies shall be cumulative and shall not preclude Landlord from pursuing any other remedies permitted by law.Landlord's election not to enforce one or more of the remedies upon an event of default shall not constitute a waiver.However,notwithstanding anything else herein,Landlord hereby expressly disclaims,relinquishes and rejects any Landlord's lien that otherwise by law,statute or contract might arise in or to any marijuana product and/or related products, chemicals or substances that,the ownership,possession, use, sale or distribution of which, but for the Legal Compliance Clarification,would or might be deemed contrary to Federal law or Federal regulations or enforcement positions by the Federal government or any agency,arm or authority thereof("Federal Issues"). 14.3. No Requirement of Notice. Any provision to the contrary in this Section 14 notwithstanding,Landlord shall not be required to give such notice prior to exercising its rights under Section 14.2 if Tenant fails to comply with the provisions of Sections 4 or 12,or in an emergency. 14.4. Waiver. No waiver by Landlord of any breach by Tenant shall be a waiver of any subsequent breach,nor shall any forbearance by Landlord to seek a remedy for any breach by Tenant be a waiver by Landlord of any rights and remedies with respect to such or any subsequent breach. Efforts by Landlord to mitigate the damages caused by Tenant's default shall not constitute a waiver of Landlord's right to recover damages hereunder. No right or remedy herein conferred upon or reserved to Landlord is intended to be exclusive of any other right or remedy provided herein or by law,but each shall be cumulative and in addition to every other right or remedy given herein or now or hereafter existing at law or in equity. No payment by Tenant or receipt or acceptance by Landlord of a lesser amount than the total amount due Landlord under this Lease shall be deemed to be other than on account, nor shall any endorsement or statement on any check or payment be deemed an accord and satisfaction, and Landlord may accept such check or payment without prejudice to Landlord's right to recover the balance of Rent due, or Landlord's right to pursue any other available remedy. 15. Surrender/Hold Over. Tenant shall vacate the Premises at the expiration date or other termination of this Lease and shall remove all goods and effects not belonging to Landlord and shall surrender possession of the Premises and all fixtures and systems thereof broom clean,in good repair, reasonable wear and tear excepted. If Tenant holds over and remains in possession of the Premises or any part thereof after the Expiration Date or the sooner termination of the Term or Tenant's right to possession hereunder,Tenant shall be deemed to hold the Premises as a tenant at sufferance, subject to all of the terms, conditions and covenants of this Lease, except that Base Rent payable during such holdover period shall be an amount equal to one hundred fifty percent(150%)of the installments of Base Rent payable at the time of 9 such expiration or earlier termination. The provisions of this paragraph do not waive Landlord's right of re-entry or right to regain possession by actions at law or in equity or by any other rights hereunder. 16. Destruction,Fire or Other Casualty. In case of damage to the Premises by fire or other casualty,Tenant shall give immediate notice thereof to Landlord,and Landlord,to the extent that insurance proceeds respecting such damage are subject to and, in fact,are under the control and use of Landlord, shall thereupon cause such damage to all property owned by Landlord to be repaired as promptly as possible at the expense of Landlord,due allowance being made for delay which may arise by reason causes beyond Landlord's control,and to the extent that the Premises are rendered untenantable,the Rent shall proportionately abate,provided the damage above mentioned occurred without the fault or neglect of Tenant, Tenant's servants, employees, agents, contractors, licensees, invitees or visitors. Notwithstanding the foregoing, if such damage is due to the fault or neglect of Tenant or any of other said persons,the damage may be repaired by Landlord at Tenant's expense and there shall be no apportionment or abatement of Rent.In the event the damage shall be so extensive to the Premises as to render it uneconomical,in Landlord's opinion,to restore for the use of Tenant,or Landlord shall decide not to repair or rebuild the Premises,this Lease, at the option of Landlord, shall be terminated upon written notice to Tenant and the Rent shall, in such event, be paid to or adjusted as of the date of such damage and Tenant shall thereupon vacate the Premises and surrender same to Landlord,provided that no such termination shall release Tenant from any liability to Landlord arising from such damage or from any breach of the obligations imposed on Tenant hereunder. 17. Eminent Domain. If the entire Premises shall be substantially taken for public purposes,or in the event Landlord shall convey or lease the Premises to any public authority under threat of condemnation or taking, this Lease shall thereupon terminate. In the event of a taking, lease or condemnation,whether or not there is a termination hereunder,Tenant shall have no claim against Landlord other than an adjustment of Rent to the date of taking,lease or condemnation,and Tenant shall not be entitled to any portion of any amount that may be awarded as damages or paid as a result or in settlement of such proceedings or threat. Notwithstanding the foregoing,Tenant may pursue its own claim against the condemning authority for any damages or award permitted under the laws of the State of Minnesota,to be paid to Tenant without diminution or reduction of the award,judgment or settlement received by Landlord. 18. Prospective Purchasers and Lenders. Landlord shall have the right to enter the Premises at all reasonable hours and at any time to show the Premises to prospective purchasers or lenders,provided Landlord notifies Tenant at least 24 hours in advance of such showing, and Tenant shall,within five(5)days of Landlord's request therefor,provide Landlord with current information and statements regarding the financial condition of Tenant. 19. Notice. Any notices required to be served in accordance with the terms of this Lease shall be in writing and delivered to Tenant at the address identified in Section 1.8 and to Landlord at the address identified in Section 1.9. Either party may at any time designate by written notice to the other a change in the above addresses or addressees. All notices,demands and requests shall be deemed sufficiently served or given for all purposes hereunder at the time such notice,demand or request shall be mailed by United States Postal Service registered or certified mail,return receipt requested,or deposited with a reputable overnight courier,at the time such notice,demand or request shall be deposited with the overnight courier. 20. Patriot Act. Tenant represents to Landlord,and Landlord represents to Tenant,that the representing party is not(and such party is not engaged in this transaction on behalf of)a person or entity with which either party is prohibited from doing business pursuant to any law,regulation or executive order pertaining to national security("Anti-Terrorism Laws")and such party has not violated and,to the best of such parry's knowledge,it is not under investigation for the violation of any Anti-Terrorism Laws pertaining to money laundering. Anti-Terrorism Laws shall specifically include, but shall not be limited to, the"Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001",Pub. L.No. 107-56(also known as the"U.S.A.Patriot Act");Executive Order 13224;the Bank Secrecy Act,31 U.S.C.Section 5311 et seq.;the Trading with the Enemy Act,50 U.S.C.App.Section 1 et seq.; the International Emergency Economic Powers Act, 50 U.S.C. Section 1701 et seq.; sanctions and regulations promulgated pursuant thereto by the Office of Foreign Assets Control("OFAC"),as well as laws related to the prevention and detection of money laundering in 18 U.S.C. Sections 1956 and 1957. 21. Miscellaneous. If any term or provision of this Lease or the application thereof to any person or circumstances shall, to any extent, be invalid or unenforceable,the remainder of this Lease or the application of such term or provision to persons or circumstances other then those as to which it is held invalid or unenforceable, shall not be affected thereby and each term and provision of this Lease shall be valid and enforceable to the fullest extent permitted by law. All headings in this Lease are intended for convenience or reference only and are not to be deemed or taken as a summary of the provisions to which they pertain or as a construction thereof. Except as otherwise provided, the covenants, conditions and agreements contained in this Lease shall bind and inure to the benefit of Landlord, Tenant, and their 10 respective heirs, distributees, executors, administrators, grantees, successors and assigns. This Lease contains all agreements of the parties with respect to any matters contained herein. No prior agreement, proposal or understanding pertaining to any such matter binding unless expressly incorporated herein. This Lease may be modified only in writing and signed by the parties in interest at the time of the modification. This Lease shall be governed by and construed in all respects in accordance with the laws of the State of Minnesota. Submission of this Lease by Landlord or Landlord's agent, or their respective agents or representatives to Tenant for examination and/or execution shall not in any manner bind Landlord and no obligations on Landlord shall arise under this Lease unless and until this Lease is fully signed and delivered by Landlord and Tenant;provided,however,the execution and delivery by Tenant of this Lease to Landlord or Landlord's agent,or their respective agents or representatives,shall constitute an irrevocable offer by Tenant to enter into this Lease on the terms and conditions herein contained,which offer may not be revoked for thirty(30)days after such delivery. 22. Si2na2e. Tenant may not install any additional signage without the prior written consent of Landlord,which consent may be granted or withheld in Landlord's sole discretion. Any such signage must comply with the sign criteria promulgated by Landlord from time to time,as well as any applicable laws,ordinances,and regulations.Tenant,upon vacation of the Premises,or the removal or alteration of its sign for any reason, shall be responsible for the repair,painting or replacement of the Building fascia surface or other portion of the Building where signs are attached if such repair,replacement or repainting is necessary due to the removal of Tenant's signage.If Tenant fails to do so,Landlord may have the sign removed and the cost of removal shall be payable by Tenant within ten(10) days of invoice, and such obligation shall survive termination or expiration of this Lease. 23. Brokerage. Tenant covenants, represents and warrants that there was and is no broker, finder or commissioned procuring cause or participant in commissions associated with Tenant's efforts (any such person being a"Tenant's Broker") in connection with the negotiation and consummation of this Lease. Tenant agrees to indemnify and defend Landlord against any loss, liability, or expense (including reasonable attorney's fees and costs)arising out of claims for fees or commissions from anyone other than a broker retained or hired by Landlord claiming to have represented Tenant in connection with the lease of the Premises. 24. Prior Leases. Landlord and Tenant acknowledge and agree that this Lease shall replace all other leases that Tenant has entered into in connection with its use and occupancy of the Property. All other such leases shall be deemed to have been terminated and of no further force and effect. 25. Choice of Law.This Lease shall be governed by the laws of the State of Minnesota. 26. Counterpart.This Lease may be executed in multiple counterparts,each counterpart of which shall be deemed an original and any of which shall be deemed to be complete of itself and may be introduced into evidence or used for any purpose without the production of the other counterpart or counterparts. Signatures appearing hereon that have been reproduced, applied, provided, delivered or transmitted by facsimile,email,DocuSign or other electronic means shall be equally binding and effective as original signatures hereon, and shall be deemed duly and effectively delivered if so transmitted or provided. 27. Relationship.Landlord and Tenant disclaim any intention to create a joint venture,partnership or agency relationship. 28. Authority. 28.1. TENANT'S AUTHORITY. As a material inducement to Landlord to enter into this Lease, Tenant, intending that Landlord rely thereon,represents and warrants to Landlord that: 28.1.1. Tenant and the party executing on behalf of Tenant are fully and properly authorized to execute and enter into this Lease on behalf of Tenant and to deliver this Lease to Landlord; 28.1.2. This Lease constitutes a valid and binding obligation of Tenant, enforceable against Tenant in accordance with the terms of this Lease; 28.1.3. Tenant is duly organized,validly existing and in good standing under the laws of the state of Tenant's organization and has full power and authority to enter into this Lease, to perform Tenant's obligations under this Lease in accordance with the terms of this Lease,and to transact business in the state in which the Premises are located; and 28.1.4. The execution of this Lease by the individual or individuals executing this Lease on behalf of Tenant, and the performance by Tenant of Tenant's obligation under this Lease,have been duly authorized and approved by all necessary corporate or partnership action,as the case may be,and the execution,delivery and performance of this Lease by Tenant is not in conflict with Tenant's bylaws or articles of incorporation(if a corporation),agreement of partnership(if a partnership),and other charters,agreements,rules or regulations governing Tenant's business as any of the foregoing may have been supplemented or amended in any manner. 11 28.2. LANDLORD'S AUTHORITY.As a material inducement to Tenant to enter into this Lease,Landlord,intending that Tenant rely thereon,represents and warrants to Tenant that: 28.2.1. Landlord is the fee owner of the Property 28.2.2. Landlord and the party executing on behalf of Landlord are fully and properly authorized to execute and enter into this Lease on behalf of Landlord and to deliver this Lease to Tenant; 28.2.3. This Lease constitutes a valid and binding obligation of Landlord, enforceable against Landlord in accordance with the terms of this Lease; 28.2.4. Landlord is duly organized, validly existing and in good standing under the laws of the state of Landlord's organization and has full power and authority to enter into this Lease,to perform Landlord's obligations under this Lease in accordance with the terms of this Lease,and to transact business in the state in which the Premises are located;and 28.2.5. The execution of this Lease by the individual or individuals executing this Lease on behalf of Landlord,and the performance by Landlord of Landlord's obligation under this Lease,have been duly authorized and approved by all necessary corporate or partnership action,as the case may be,and the execution,delivery and performance of this Lease by Landlord is not in conflict with Landlord's bylaws or articles of incorporation(if a corporation), agreement of partnership (if a partnership), and other charters, agreements, rules or regulations governing Landlord's business as any of the foregoing may have been supplemented or amended in any manner 29. WAIVER OF TRIAL BY JURY. LANDLORD AND TENANT EACH HEREBY KNOWINGLY, INTENTIONALLY AND VOLUNTARILY WAIVE TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY EITHER OF THE PARTIES HERETO AGAINST THE OTHER ON ANY MATTER WHATSOEVER ARISING OUT OF OR IN ANY WAY CONNECTED WITH THIS LEASE.THE PARTIES FURTHER HEREBY WAIVE THE RIGHT TO CONSOLIDATE ANY ACTION IN WHICH A JURY TRIAL HAS BEEN WAIVED WITH ANY OTHER ACTION IN WHICH A JURY TRIAL HAS NOT BEEN WAIVED. 30. Reformation.This Lease and the transaction contemplated herein is subject to review and approval by one or more government agencies,including but not limited to the Minnesota Department of Revenue, Office Of Cannabis Management(the"OCM")and the local licensing authority (the "Local Authority" and, collectively with the OCM and any other applicable government agencies the "Governmental Authority").If the Governmental Authority determines this Lease must be reformed,the Parties shall negotiate in good faith to so reform this Lease according to the Governmental Authority's requirements while effectuating the original intent of this Lease as near as possible. 31. Amendment.Unless otherwise provided in this Lease,this Lease may be amended,modified,or terminated only by a written instrument executed by Landlord and Tenant. 32. Option to Renew. Provided that this Lease is in full force and effect and if Tenant shall not be in default under the terms and conditions of this Lease,Tenant shall have Four(4)Options to renew for Five(5)years each(the"Option Terms")based upon the same terms and conditions of this Lease,with the exception of the Base Rent,which rental shall be increased by two(2%)each year,for each Option Term. Each Option Term shall be self exercising unless Tenant shall give Landlord written notice of Tenant's intent NOT to exercise the option to extend the term of the lease in not less than 30 days prior to the expiration of the existing lease term it being expressly understood that time is of the essence. 33. Option to Purchase. Provided Tenant is in not default under the terms of the Lease, Landlord gives Tenant the option to purchase(the"Option")the Premises. Tenant may exercise Option to purchase at any time prior to 90 days before the expiration of five (5)years from the Commencement Date of the Lease.This option shall lapse on the fifth anniversary of the Commencement Date of the Lease.During the Initial Term,the purchase price of said Premises shall be Two Million Ninety Thousand and no/100($2,090,000.00) Dollars. Provided Tenant remains the Tenant of the Premises during an Option Term,during the one-year period after the Initial Term (the"First Purchase Option Period"),the purchase price of said Premises shall be Two Million One Hundred Fifty Thousand and no/100 ($2,150,000.00)Dollars.Provided Tenant remains the Tenant of the Premises during an Option Term,during the two year period after the First Purchase Option Period, the purchase price of said Premises shall be Two Million Two Hundred Thousand and no/100 ($2,200,000.00)Dollars. Further, if Tenant exercises said option to purchase,the full purchase price shall be paid in cash or certified funds at the closing.The closing shall take place within 90 days from the date the option is exercised.The Landlord shall give Tenant a warranty deed conveying a marketable title to the Premises,subject to permitted exceptions and matters not objected to by Tenant/Buyer in the title review process,when and if purchased. The Option must be exercised by notifying Landlord in writing of Tenant's intent to exercise the Option. 12 (remainder of page intentionally blank;signature page follows) 13 IN WITNESS WHEREOF,Landlord and Tenant have signed and sealed this Lease as of the day and year first above written by their duly authorized partner or officer,as the case may be. LANDLORD: TENANT: c.-ova.,, mar salali By: By: cone saiah Octi 23,2025 12:5055 EDT> Name: Osmundson Land Company,LLC Name: omarsalah Its: Chief Manager Its: owner 14 ASSIGNMENT AND ASSUMPTION OF LEASE AGREEMENT AND LANDLORD'S CONSENT This Assignment and Assumption of Lease Agreement and Landlord's Consent (the "Agreement") is made effective December 1, 2025, between, OSMUNDSON LAND COMPANY, LLC, referred to as the "Landlord", and OMAR SALAH, referred to as the "Assignor", and POWERPLANT CANNABIS SHOP II LLC,referred to as the"Assignee". Recitals A. The Landlord and the Assignor, as tenant, entered into a written lease agreement dated October 23, 2025, (the "Lease"), covering the premises located 13435 60th St. North, Oak Park Heights, MN 55082, (the"Demised Premises"). B. The Assignor wishes to assign the Lease to the Assignee and the Assignee desires to assume the Lease from the Assignor. C. The Landlord is willing to consent to the assignment and assumption of the Lease, but only upon the terms and conditions set forth in this Agreement. Now, therefore, in consideration of the continued occupation of the Demised Premises and the mutual covenants set forth in this Agreement, the sufficiency of which are acknowledged by the parties, it is agreed as follows: 1. Recitals. The recitals are hereby incorporated herein by reference as if set forth at length. 2. Defined Terms. For purposes of this Agreement,the terms used in this Agreement as defined terms which are not herein defined shall have the meaning ascribed to such terms in the Lease. 1 3. Assignment. The Assignor assigns,transfers and sets over unto the Assignee all of the Assignor's right, title and interest in and to the Lease, including, without limitation, any and all of the Assignor's right, title and interest in and to the Security Deposit referenced in Article 5 of the Lease and the Assignor releases any and all claims to the Security Deposit. The Security Deposit shall be maintained pursuant to the provisions of the Lease. 4. Assumption. The Assignee assumes the obligation of the Assignor for the full and punctual payment and performance of all of the terms, conditions and covenants of the Lease on the Assignor's part as tenant thereunder to be paid and performed, including,but not limited to,the payment of all rent and any other charges or sums required of the tenant to be paid under the Lease. 5. Consent to Assignment. Subject to the terms, covenants and conditions of this Agreement, the Landlord consents to the assignment by the Assignor to the Assignee of all of the Assignor's right,title and interest in and to the Lease.The Landlord's consent may not be assigned. 6. Lease in Full Force. Except as expressly provided in this Agreement, all of the terms, conditions and covenants of the Lease shall remain in full force and effect and nothing in this Agreement shall be deemed to: (a) modify, waive or affect any of the terms, conditions or covenants of the Lease; (b)waive any breach of the Lease; (c)waive any of the Landlord's rights against anyone liable for performance under the Lease; or(d)enlarge Landlord's obligations under the Lease. 7. No Defaults or Claims. The Assignor and the Assignee hereby certify and agree that: (a) the Landlord is not in default under any of the terms of the Lease; (b) all obligations and conditions under the Lease to be performed to date by the Landlord have been satisfied; (c) no event has occurred which with the passage of time or the giving of notice,or both,would constitute an event of default by the Landlord under the Lease; and (d)the Assignor and the Assignee have 2 no current defenses or claims against the Landlord or rights of offset against any rent obligation or other charges payable under the Lease, or otherwise. 8. Assignor and Assignee Liable. The Assignor and the Assignee shall each be primarily liable, jointly and severally, for the due and punctual payment, performance and observance of all of the terms, conditions and covenants of the Lease on the tenant's part to be performed, including, but not limited to, the payment of all rents and any other charges or sums required under the Lease of the tenant. 9. Limitation of Consent of Landlord. The Landlord's consent to the assignment shall not be deemed to be a consent to any other assignment of the Lease or any subletting of all or part of the Demised Premises. The Landlord shall not be deemed a party to the assignment and assumption between the Assignor and the Assignee. 10. Governing Law. This Agreement shall be governed by the laws of the State of Minnesota. The parties acknowledge that this Agreement has been executed and delivered, and is intended to be performed in the State of Minnesota, and the parties submit to the jurisdiction of the courts of the State of Minnesota. 11. Entire Agreement. This Agreement and the Lease constitute the entire agreement between the parties. No change, addition or modification to this Agreement shall be effective unless signed in writing by the parties. 12. Miscellaneous. In all references in this Agreement to any parties,persons, entities or corporations, the use of any particular gender or the plural or singular number is intended to include the appropriate gender or number as the text of this Agreement may require. 3 13. Binding Effect. This Agreement shall be binding upon and inure to the benefit of the parties, their heirs, executors, administrators, personal or legal representatives, successors and permitted assigns, as the case may be. 14. Counterparts. This Agreement may be signed in one or more counterparts, each of which shall be deemed an original. Dated: December 1, 2025 LANDLORD: OSMUNDSON LAND COMPANY, LLC ( o asew By: Its: Dated: December 1, 2025 ASSIGNOR: OMAR SALAH OMAR SALAH(Dec 9,202510:00:17 EST) Omar Salah Dated: December 1, 2025 ASSIGNEE: POWERPLANT CANNABIS SHOP II LLC OMAR SALAH(Dec 9,202510:00:17 EST) By: Omar Salah Its: Member 4 2025. 12.8 Assignment and Assumption of Lease Agreement and Landlord's Consent Final Audit Report 2025-12-09 Created: 2025-12-08 By: Malcolm Nietz(malcolmn@ssmnlaw.com) Status: Signed Transaction ID: CBJCHBCAABAAOMOVHxmg5OgIGA23rPzNoIPOByDpiRzb "2025. 12.8 Assignment and Assumption of Lease Agreement an d Landlord's Consent" History n Document created by Malcolm Nietz (malcolmn@ssmnlaw.com) 2025-12-08-9:52:41 PM GMT E. Document emailed to Omar Salah (omar28948@gmail.com)for signature 2025-12-08-9:53:29 PM GMT in Email viewed by Omar Salah (omar28948@gmail.com) 2025-12-09-2:59:05 PM GMT b© Document e-signed by Omar Salah (omar28948@gmail.com) Signature Date:2025-12-09-3:00:17 PM GMT-Time Source:server Document emailed to Eric Osmundson (eric@osmundsonland.com)for signature 2025-12-09-3:00:18 PM GMT in Email viewed by Eric Osmundson (eric@osmundsonland.com) 2025-12-09-4:14:23 PM GMT b© Document e-signed by Eric Osmundson (eric@osmundsonland.com) Signature Date:2025-12-09-4:27:28 PM GMT-Time Source:server Agreement completed. 2025-12-09-4:27:28 PM GMT Adobe Acrobat Sign UNANIMOUS WRITTEN CONSENT -OF- BOARD AND MEMBERS -OF- POWER PLANT CANNABIS SHOP II, LLC. The undersigned, being the sole member ("Member") and sole member of the mananagment board (the "Manager") of the Power Plant Dispensary Cannabis Shop II, LLC, a Minnesota limited liability company (the "Company"), do hereby consent to the following resolutions without a meeting: I. Membership Interest Purchase Agreement and Admission of New Member WHEREAS, the Member currently own one hundred percent (100%) of the outstanding unites of the Company. WHEREAS, the Member desires to enter into a Membership Interest Purchase Agreement with Omar Salah ("Omar") in substantially the form attached as Exhibit A hereto (the "MIPA"), pursuant to which the Member shall sell 49% of the units of the Company to Omar. WHEREAS, upon the execution of the MIPA, Omar shall become a voting member of the Company and Manager. IT IS NOW THEREFORE, BE IT RESOLVED, that the Member and Manager hereby authorize, approve, confirm, and ratify the form, terms, and conditions of the MIPA attached hereto as Exhibit A in all respects and the admission of Omar as a new Member. NOWTHEREFORE, BE IT RESOLVED, that the Member and Manager hereby authorize,approve,confirm,and ratify the Operating Agreement in all respects;and be it II. Election of Manager WHEREAS,pursuant to the MIPA,the Company shall elect a Manager of the Company. IT IS NOW THEREFORE, BE IT RESOLVED, that the following named person is hereby elected as Manager of the Company, to hold office until the next annual meeting of the Manager or until their successors are duly elected and qualified: Omar Salah III. Election of Officers WHEREAS, the Manager will appoint the Officers of the Company. IT IS NOW THEREFORE, BE IT RESOLVED, the Manager appoints the following named persons to the office set opposite their name to hold office until the next annual meeting of the Directors or until their successors are duly elected and qualified: 403506157.1 Omar Salah President and it is FURTHER RESOLVED, that the Members and Manager shall cause the Company to perform its obligations under: (i) the M1PA; (ii) the Operating Agreement; and (iii) any and all other agreements, documents, instruments, reports, filings and records necessary or appropriate to carry out or more fully implement the transactions contemplated hereby; and be it FURTHER RESOLVED, that the Company, the proper officer thereof, is authorized, empowered, and directed to execute and deliver any and all documents necessary to effectuate the intent of the foregoing resolutions, the execution and delivery of such documents by such person being a definitive determination of the necessity and appropriateness thereof,and further, that such persons are hereby authorized to do any and all such acts and deeds as they or legal counsel for the Company and its subsidiaries deem appropriate or necessary to effectuate the intent of these resolutions; and be it FURTHER RESOLVED, that these resolutions may be exected and delivered in any number of counterparts, including electronically by facsimile, a .PDF file delivered by e-mail or other reasonable and verifiable electronic means,with the same effect as if the sole member had signed the same document, and all counterparts shall be construed together and shall constitute one written consent. FURTHER RESOLVED, that Omar Salah is hereby authorized and directed, acting alone and without the partcipattion of any other person,member, officer or director,to represent, enter into and execute on behalf of the Company any governing applications for Company's benefit. Omar Salah also has full authority, power, and control for any administrative, business and legal operations on behalf of the Company. IN WITNESS WHEREOF, this Consent has been xecuted with the intent that it be effective as of September 15,2025. . Q Name: Lauren Wei Title: and I tuber ` irks' .., g�ah : ent,and Member 9- /S. a s 403506157.1 ASSIGNMENT AGREEMENT This Membership Interest Assignment Agreement (this "Assignment Agreement"), entered into as of September 15, 2025 (the"Closing Date"),by and between Omar Salah (the "Purchaser"or "Assignee") on the one hand, and Lauren Weiss ("Seller" or "Assignor") on the other hand. Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Membership Interest Purchase Agreement signed by Purchaser and Seller dated September 15, 2025(the"MIPA"). WHEREAS, pursuant to the MIPA, the Assignor wishes to transfer and assign to the Assignee 49%of all of the Assignor's right,title,and interest in and to the Membership Interests, and the Assignee wishes to be the assignee and transferee of the 49%Membership Interests. NOW, THEREFORE, the parties hereto, intending to be legally bound, do hereby agree as follows: 1. Assignment. Assignor hereby transfers and assigns to the Assignee, and the Assignee hereby acquires from Assignor 49%of all of the Assignor's right,title,and interest in and to the Membership Interests. 2. Retention of Obligations.Notwithstanding anything in this Assignment Agreement to the contrary, the Assignee shall remain obligated to the Assignor with respect to all of the Assignee's obligations,duties, liabilities, and commitments set forth in the MIPA and the Ancillary Documents. 3. Governing Law; Binding Effect. This Assignment Agreement and all claims or causes of action that may be based upon, arise out of, or relate to this Assignment Agreement will be construed in accordance with and governed by the laws of the State of New York without regard to conflicts of laws principles thereof. 4. Counterparts. This Assignment Agreement may be executed simultaneously in two or more counterparts, each of which will be deemed to be an original copy hereof or thereof and all of which together will be deemed, respectively, to constitute one and the same agreement. Counterparts delivered by facsimile, e-mail, or other electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Assignment Agreement. [Signature Page Follows] IN WITNESS WHEREOF, the parties hereto have executed this Assignment Agreement as of the Closing Date. PURCHASER : Omar Salah 9. 47. 4)." SELLER AdA4egAl (1-2‘iO4 Lauren Weiss .,./5 ag AGREED AND ACKNOWLEDGED BY: COMPANY Power Plant Cannabis Shop II, LLC By: Lauren Weiss Title:Manager - ass