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ESTOPPEL CERTIFICATE RE: Permanent Easement Parking and Access, filed January 7, 1997, as Document No. 2972336 (the "Parking and Access Easement") Master and Final Planned Unit Development Agreement, filed July 13, 2017, as Document No. A04667260 (the "PUD") The Parking and Access Easement and the PUD are hereby sometimes collectively referred to herein as the "Declaration". Reference is made to that certain Real Estate Purchase Agreement (the "Purchase Agreement"), made effective as of October 25, 2023, by and between PNL INVEST, LLC, a Delaware limited liability company ("Seller" or "Property Owner"), and QUINTESSENCE, LLC, a Minnesota limited liability company, or its permitted assignee, ("Purchaser") whereby Purchaser is acquiring that certain real property described in Exhibit A hereto (the "Property"). This estoppel certificate (this "Estoppel") is given by the City of Arden Hills ("City") and shall serve as an estoppel certificate. City hereby confirms, with the understanding that Purchaser and any subsequent purchaser of the Property or any portion thereof, and any lender making a loan secured directly or indirectly by the Property (collectively, "Estoppel Recipients") will rely upon the statements made in this Estoppel, as of the date of this Estoppel: The Declaration has not been amended, modified or superseded other than as set forth above. 2. There are no uncured defaults with respect to the Property or Property Owner, and, to the undersigned's actual knowledge, there are no events that have occurred which, with the giving of notice or passage of time or both, would constitute a default with respect to the Property or Property Owner under the Declaration. 3. As of the date of this Estoppel, all assessments, payments, expenses, fees or other charges, if any, due under the Declaration with respect to the Property or Property Owner have been paid in full by Property Owner. 4. In compliance with Section 4.0 M of the Parking and Access Easement, the City will provide evidence of insurance covering the property contained within the Parking Easement and Access Easement via separate delivery. [Signatures on Following Page]