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<br /> <br />EXHIBIT B <br /> <br />Permitted Encumbrances <br /> <br /> <br /> <br />1)That certain contract for deed by and between Stonesthrow Properties, LLC, and Elk <br />River Business Park, LLC, dated _______________, recorded in the Office of the <br />Sherburne County Recorder/Registrar of Titles on ________________, 20___, as <br />Document No. ________________. <br />B-1 <br />454916v2 EL185-29 <br />