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IN WITNESS WHEREOF, the parties hereto have executed this Grant of Easements on <br />the above date. <br />GRANTOR: PIPE PORTFOLIO OWNER (MULTI) LP, <br /> a Delaware limited partnership <br /> <br /> By: PIPE PORTFOLIO GP LLC, <br /> a Delaware limited liability company, <br /> its general partner <br /> <br /> By: WPC HOLDCO LLC, <br /> a Maryland limited liability company, <br /> its sole member <br /> <br /> By: W. P. CAREY INC., <br /> a Maryland corporation, <br /> its sole member <br /> <br /> <br /> By: <br /> Name: <br /> Title: <br /> <br /> <br /> <br />GRANTEE: CITY OF ELK RIVER <br /> <br /> <br /> <br /> By: <br /> John J. Dietz <br /> Its: Mayor <br /> <br /> <br /> <br /> By: <br /> Tina Allard <br /> Its: City Clerk <br /> <br /> <br /> <br />Drafted by: <br />City of Elk River <br />13065 Orono Parkway <br />Elk River, MN 55330 <br />