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SATISFACTION OF REPAYMENT AGREEMENT <br />DATE: October 17, 2016 <br />THAT CERTAIN GRANT AGREEMENT owned by the undersigned, dated the 28th day of October, _ <br />1993, executed by Indy Lube, Inc., an Indiana Corporation, and Jim R. Sapp as Mortgagor, to the Economic <br />Development Authority of the City of Elk River, Minnesota, a public body corporate and politic of the State <br />of Minnesota, as Mortgagee and filed for record the 10th day of November, 1993, as Document Number <br />285731, in the Office of the County Recorder of Sherburne County, Minnesota, is, with the indebtedness <br />thereby secured, fully paid and satisfied. <br />Economic Development Authority of the <br />City of Elk River <br />LE <br />Its: <br />STATE OF MINNESOTA ) <br />ss <br />COUNTY OF 1 <br />The foregoing instrument was acknowledged before me this _ day of , 20 <br />By, , the of the <br />Economic Development Authority of the City of Elk River. <br />NOTARIAL STAMP OR SEAL (OR OTHER TITLE OR RANK) <br />Notary <br />THIS INSTRUMENT WAS DRAFTED BY. TAS STATEMENTS FOR THE REAL PROPERTY DESCRIBED <br />City of Elk River IN THIS INSTRUMENT SHOULD BE SEM TO: <br />13065 Orono Parkway <br />Elk River, MN 55330 Unaffected <br />