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<br />-4- <br />5. Governing Law. This Agreement shall be governed by the laws of the <br />State of Minnesota. <br /> <br />6. Notices. City agrees that all notices sent by City to Borrower under and in <br />accordance with the Development Agreement shall be simultaneously sent to Lender at Lender’s <br />address set forth below. All notices, demands, requests, consents, approvals or other <br />communications (any of the foregoing, a “Notice”) required, permitted, or desired to be given <br />under this Agreement shall be in writing sent by registered or certified mail, postage prepaid, <br />return receipt requested, or delivered by hand or reputable overnight courier addressed to the <br />party to be so notified at its address hereinafter set forth, or to such other address as such party <br />may hereafter specify in accordance with the provisions of this Section 6. Any Notice shall be <br />deemed to have been received: (a) three (3) days after the date such Notice is so mailed, (b) on <br />the date of delivery by hand if delivered during business hours on a Business Day (otherwise on <br />the next Business Day), and (c) on the next Business Day if sent by an overnight commercial <br />courier, in each case addressed to the parties as follows: <br />If to Lender: <br />KREOCS LENDING II LLC <br />KREF LENDING III LLC <br />30 Hudson Yards, Suite 7500 <br />New York, New York 10001 <br />Attention: Christopher Lee (Legal) <br />KREOCS LENDING II LLC <br />KREF LENDING III LLC <br />30 Hudson Yards, Suite 7500 <br />New York, New York 10001 <br />Attention: Patrick Mattson <br /> <br />with a copy to: <br /> <br />Gibson, Dunn & Crutcher LLP <br />200 Park Avenue <br />New York, New York 10166 <br />Attention: Victoria Shusterman, Esq. <br /> <br />If to Borrower: <br />Scannell Properties #486, LLC <br />8801 River Crossing Boulevard, Suite 300 <br />Indianapolis, Indiana 46240 <br />Attention: Jeffrey Cromer, Counsel <br /> <br />with a copy to: