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<br /> IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first <br />above written. <br /> <br />BORROWER: <br /> <br />APEX EMBROIDERY DESIGN, INC. <br /> <br /> <br />By: <br />Its: __________________________ <br /> <br /> <br />By: <br />Its: __________________________ <br /> <br /> <br /> <br /> <br />STATE OF MINNESOTA ) <br />) ss. <br />COUNTY OF ________ ) <br /> <br /> The foregoing instrument was acknowledged before me on ______________, 2016, by <br />______________ and ____________, __________ and _____________, respectively, of Apex <br />Embroidery Design, Inc., a Minnesota corporation, on behalf of the corporation. <br /> <br /> <br /> <br />Notary Public <br />My Commission Expires: <br /> <br /> <br />S-2 <br />487523v1 JSB EL185-45 <br />