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B. For a period of ten (10) years after Closing, Purchaser shall have a right of first <br /> refusal to purchase the Retained Property on the following terms and conditions. If Seller receives <br /> an offer during this term to purchase the Retained Property, or if Seller desires to market the <br /> Retained Property,then in either event, Purchaser shall be granted a right of first refusal as set forth <br /> herein, provided at the time Purchaser is not otherwise in default under any of the provisions of this <br /> Agreement of Purchase and Sale. Further,the continuing legal existence of this granted right of first <br /> refusal shall expressly depend upon Seller enjoying peaceful occupancy of the Retained Property, <br /> which shall mean that the current ordinances will allow the current use of the Retained Property, <br /> including zoning, lighting and noise levels. If the Purchaser exercises its power of eminent domain <br /> with respect to the Retained Property, the Purchaser will reasonably cooperate with the Seller with <br /> respect to relocation of Seller's primary hog and chip fuel operation and will provide a commercially <br /> reasonable period of time for relocation. <br /> C. If Seller receives a bona fide fair market value offer to purchase the Retained <br /> Property, and if it intends to accept such an offer,or if Seller decides to make a bona fide fair market <br /> value offer to sell the Retained Property, in either event, Seller will give a written copy of the offer to <br /> Purchaser. Purchaser will have the right to accept the offer by written notice to Seller within sixty <br /> (60) days after Purchaser's receipt of the offer. If Purchaser accepts the offer, Purchaser will be <br /> bound to purchase the Retained Property strictly in accordance with the terms of the offer. If <br /> Purchaser does not timely accept in writing the offer,then its right of first refusal as provided herein <br /> shall lapse and be of no further force or effect. In the event the Purchaser becomes bound to <br /> purchase the Property, such purchase shall be on commercially reasonable terms in accordance <br /> with the terms of the binding offer. <br /> D. Additionally, if the Seller decides to market the Retained Property, it shall provide <br /> notice of an intent to do so to the Purchaser, and the Purchaser shall have thirty (30) days after <br /> receipt of this notice to indicate back to Seller whether or not it is interested in purchasing the <br /> Retained Property. If such an affirmative notice is not timely received back by the Seller, then <br /> Purchaser's rights of first refusal as provided herein shall lapse and be of no further force or effect, <br /> and the Seller shall be free to market and sell the Retained Property unencumbered by any rights of <br /> the Purchaser. In the event Purchaser does timely affirmatively respond to the Seller's initial notice, <br /> then the parties shall have fifteen (15) days from the date of such affirmative response to agree <br /> upon an appraiser to conduct a current MAI Appraisal of the Retained Property. In the event the <br /> parties timely agree upon a joint appraiser, for which the parties shall bear the cost equally, that <br /> appraisal must be completed within six (6) weeks of its commencement date, and upon its <br /> completion Purchaser shall then have thirty(30)days to indicate to Seller its intent to purchase the <br /> Retained Property at the appraised value,and if such notice is timely provided,the parties shall then <br /> have an additional thirty(30)days from the date of that notice to purchase the Retained Property on <br /> commercially reasonable terms. In the event that the Purchaser does not timely give its notice of <br /> intent to purchase the Property at the appraised value, then all of the Purchaser's rights of first <br /> refusal as provided herein shall lapse and be of no further force or effect,and the Seller shall be free <br /> to market and sell the Retained Property unencumbered by any rights of the Purchaser. If the <br /> parties do not agree on a joint appraiser, then each party shall appoint a separate appraiser within <br /> fifteen days and those appraisers shall conduct an MAI fair market value appraisal of the property <br /> within thirty days. If the two appraisals are within fifteen percent of each other, then the purchase <br /> price shall be the average of the two appraisals. If the two appraisals are not within fifteen percent <br /> of each other, then the two appraisers shall appoint a third appraiser who shall promptly conduct a <br /> third MAI fair market appraisal. If the third appraisal equals either appraisal or falls between the two <br /> appraisals, the third appraisal shall establish the purchase price of the Retained Property. If the <br /> third appraisal does not equal either appraisal or fall between the two appraisals, then the right of <br /> - 9 - <br />