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IN WITNESS WHEREOF, the City of Elk River, Sherburne County, Minnesota, by its <br />City Council has caused this Note to be executed on its behalf by the signatures of its Mayor and <br />its Administrator, the corporate seal of the City having been intentionally omitted as permitted <br />by law, all as of (do not date) , 2008. <br />CITY OF ELK RIVER, SHERBURNE <br />COUNTY, MINNESOTA <br />(do not sign) <br />Mayor <br />(do not sign) <br />Administrator <br />2170696v1 6 <br />