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FIRST AIWIINDAIENT TO <br />an) RIT I' AGREEN[ENT <br />This FIRST AMEND <br />be effective <br />O oration <br />LK R (Gran or") and —the E' SECURITY <br />CO <br />AGREE, <br />IVER (the "Secured p y o OMIC DEVEO p CONVERTElVT (�� endment") is made to <br />MENS AUTHORITy OF T Minn <br />HE CITY <br />A. RECITALS <br />microloan pro On May 5, 2016, the Sec <br />&'am; tired p <br />arty prOvided a loan to the Grantor <br />B. As security for pursuant to its <br />Secured P <br />certain <br />the SeSecurityAgreement <br />a fi st�lien e�'veoas O�Ma antor and �e <br />the Loan u ' Y S 20 Secure <br />, ntyinterest ' Ce 16 "Sec d P <br />In certain (the Security arty entered into that <br />C equipment Agreement') Providing <br />securing The Grantor har acquired with the pros <br />g the loan from the se eVp sted that the S eeds of <br />loan proceeds to purchase diff t arty to the ecured P y allow equi Grantor to w it to <br />lenient than origin 0 reflect that the B amend the collateral <br />D. The Grantor agecured Party <br />yanticipat�. and Use will use the <br />at'tY have agreed <br />this to <br />NOW THEREFORE amend the description of the <br />Amendment, the parties 'ag� nisi <br />er Won of the above recitals <br />1 Exhibit,Se and the promises set forth in <br />in Exhibit A attached h ° S°0uritY Agreement is amended and r <br />follows: Paragra the Se restated <br />est as set forth <br />Security <br />Agree <br />1. Ment is <br />liabilityONIONS. amended <br />now agation o Obligations„ and restated as <br />f ev means collectively each debt, <br />limitation rli y typeand <br />, Grant <br />amend r ah, gat onsafte owe created nature which <br />th the Grant,, P "LoOr may <br />an anmentthe Securedo art O chid ng without <br />replaceme� ehents an <br />at is of even date ), and the Prom. men t, and any <br />existing or, ' and substi with and 'ssory note of <br />here <br />or to bece created or arisin tutions therefor all amendments, <br />performam ' absolute or co' and whether dir )' Whether now <br />is at any tir of the foregoin contingent °r indirect, due <br />Secured 4holesC7nded, sett asi ani such payin <br />and the repayment or <br />Ole or in part indeanor recov ed frentom <br />or m <br />Y bankruptcy, <br />from o�pa by <br />487824v2 ELIg5_39n�ptcy, insorr <br />1 ncy, or <br />