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IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above. <br />DEBTOR: <br />ALLIANCE MACHINE, INC., a <br />Minnesota corporation <br />By: Bryan Prov <br />Its: Vice President <br />Address: <br />17520 Tyler Street <br />Elk River, MN 55330 <br />SECURED PARTY: <br />ECONOMIC DEVELOPMENT AUTHORITY <br />OF THE CITY OF ELK RIVER <br />-5- <br />Address: <br />13065 Orono Parkway <br />Elk River, MN 55330 <br />