5.0. 6.0. EDSR 10-11-1999 - Laserfiche WebLink

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dersigned to relocate its business operations from the City of Fridley to the City of Elk River by April 1,1998;or xvii)relocation of the business operations of the undersigned outside the City of Elk River after Aril 1,1998. Upon the occurrence of any such Even of Default,this Note automatically shall become immediately due and payable for the entire unpaid principal balance of this Note plus accrued interest and other charges,fees and expenses under this Note without any declaration,presentment, demand,protest,or other notice of any kind. Upon the occurrence of any other Event of Default and at any time thereafter,the then holder of this Note may,at its option, declare this Note to be immediately due and payable and thereupon this Note shall become due and payable for the entire unpaid principal balance of this Note plus accrued interest and other charges,fees and expenses under this Note without any presentment,demand,protest or other notice of any kind. The undersigned(i)waives demand,presentment,protest,notice of protest,notice of dishonor and notice of nonpayment of this Note;(ii)agrees to promptly provide all present and future holders of this Note from time to time with financial statements of the undersigned and such other information respecting the financial condition,business and property of the undersigned as any such holder of this Note may request,in form and substance acceptable to such holder of this Note;(iii)agrees that when or at any time after this Note becomes due the then holder of this Note may offset or charge the full amount owing on this Note against any account then maintained by the undersigned with such holder of this Note without notice;(iv)agrees to pay on demand all fees,costs and expenses of all present and future holders of this Note in connection with this Note and any security and guaranties for this Note,and any transactions and matters relating to this Note and to any security and guaranties for this Note,including but not limited to audit fees and expenses and reasonable attorneys'fees and legal expenses,plus interest on such amounts at the rate set forth in this Note;and(v)consents to the personal jurisdiction of the state and federal courts located in the State of Minnesota in connection with any controversy related in any way to this Note or any security or guaranty for this Note, or any transaction or matter relating to this Note or to any security or guaranty for this Note,waives any argument that venue in such forums is not convenient,and agree that any litigation initiated by the undersigned against the Lender or any other present or future holder of this Note relating in any way to this Note or any security or guaranty for this Note,or any transaction or matter relating to this Note or to any security or guaranty for this Note,shall be venued in either the District Court of Sherburne County,Minnesota,or the United States District Court,District of Minnesota. Interest on any amount under this Note shall continue to accrue,at the option of any present or future holder of this Note,until such holder receives final payment of such amount in collected funds in form and substance acceptable to such holder. No waiver of any right or remedy under this Note shall be valid unless in writing executed by the holder of *this Note,and any such waiver shall be effective only in the specific instance and for the specific purpose given. All ghts and remedies of all present and future holders of this Note shall be cumulative and may be exercised singly, concurrently or successively. This Note shall bind the undersigned and the successors and assigns of the undersigned. This Note shall be governed by and construed in accordance with the laws of the State of Minnesota. THE UNDERSIGNED REPRESENTS, CERUFIES, WARRANTS AND AGREES THAT THE UNDERSIGNED HAS READ ALL OF THIS NOTE AND UNDERSTAND ALL OF THE PROVISIONS OF THIS NOTE. THE UNDERSIGNED ALSO AGREES THAT COMPLIANCE BY ANY PRESENT OR FUTURE HOLDER OF THIS NOTE WITH THE EXPRESS PROVISIONS OF THIS NOTE SHALL CONSTITUTE GOOD FAITH AND SHALL BE CONSIDERED REASONABLE FOR ALL PURPOSES. Northstar Die Ca (., L.L.C.,a Minnesota limited liability company Air . By: '4r- 6;),............- Its: , .GYBi/ By: /j4 Its: C`isiin.r-t • .. ... . . .. .. Phi11A 543264.2 —2—