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A-1 EL185\61\949053.v3 EXHIBIT A Form of TIF Note No. R-1 UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTY OF SHERBURNE CITY OF ELK RIVER, MINNESOTA AMENDED AND RESTATED TAXABLE TAX INCREMENT REVENUE NOTE (SHOOT STEEL, INC. PROJECT) Rate Date of Issuance Principal Amount 4.0%July__, 2024 $53,989.93 The City of Elk River, Minnesota (the “City”), hereby acknowledges itself to be indebted and, for value received, hereby promises to pay the amounts hereinafter described (the “Payment Amounts”) to Moyer Properties, LLC (the “Developer”) or its registered assigns (the “Registered Owner”), but only in the manner, at the times, from the sources of revenue, and to the extent hereinafter provided. The principal amount of this Note shall equal from time to time the principal amount stated above, as reduced to the extent that such principal installments shall have been paid in whole or in part pursuant to the terms hereof; provided that the sum of the principal amount listed above shall in no event exceed $53,989.93, as provided in that certain Tax Increment Development Agreement, dated as of October 5, 2020, as amended by that First Amendment to Tax Increment Development Agreement, dated June __, 2023, and that Second Amendment to Tax Increment Development Agreement, dated July __, 2024 (collectively, the “TIF Agreement”), by and between the City and the Developer. Simple, non-compounding interest shall accrue on the outstanding principal amount of the Note at a rate equal to 4.0% per annum. Interest shall be computed on the basis of a 360 day year of twelve 30-day months. The principal amount of Note represents a proportionate reduction of the principal amount of Original TIF Note (as defined in the TIF Agreement) based on the number of jobs created or retained compared to the job and wage goals set forth in the Subsidy Agreement ($70,370.37) less principal payments that have already been made by the City to the Developer on the Original TIF Note ($3,504.21). Interest shall be paid on the Amended TIF Note assuming that the principal amount of the Original TIF Note was $70,370.37 on the date of issuance. Interest shall be calculated in the sole discretion of the City. Capitalized terms not otherwise defined herein shall have the meanings set forth in the TIF Agreement. The amounts due under this Note shall be payable on each February 1 and August 1 commencing August 1, 2024 and thereafter to and including February 1, 2031, or, if the first should not be a Business Day (as defined in the TIF Agreement) the next succeeding Business Page 261 of 389