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LENDER <br />: <br />ECONOMIC DEVELOPMENT <br />AUTHORITY OF THE CITY OF ELK <br />RIVER <br />By: <br />Its: President <br />By: <br />Its: Executive Director <br />STATE OF MINNESOTA) <br />) ss. <br />COUNTY OF ________) <br />The foregoing instrument was acknowledged before me on ______________, 2016, by <br />____________, the President, and ____________, the Executive Director, of the Economic <br />Development Authority of the City of Elk River, a public body corporate and politic of the State <br />of Minnesota, on behalf of the corporation. <br />Notary Public <br />My Commission Expires: <br />This Instrument was drafted by: <br />Kennedy & Graven, Chartered (JSB) <br />470 U.S. Bank Plaza <br />200 South Sixth Street <br />Minneapolis, Minnesota 55402 <br />Telephone: (612) 337-9300 <br />8 <br />477339v4 MJM EL185-40 <br /> <br />