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<br />EL185-67-687630.v1 S-1 <br /> <br /> IN WITNESS WHEREOF the parties hereto have caused this instrument to be duly <br />executed by their duly authorized officers, in counterparts, each of which is deemed to be an <br />original agreement, dated as of the date first written above. <br /> <br /> <br />CITY OF ELK RIVER, MINNESOTA <br /> <br /> <br /> <br />By <br />Its Mayor <br /> <br /> <br />By <br />Its Deputy City Clerk <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />(Signature Page to the Refunding Escrow Agreement)