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MORTGAGE HOLDER CONSENT <br />TO <br />DEVELOPMENT AGREEMENT <br />Platinum Bank, which holds two (2) mortgages on the subject property, the development <br />of which is governed by the foregoing Development Agreement, which: <br />the first mortgage is dated October 30, 2020 and recorded November 4, 2020 with the <br />Ramsey County Recorder/Registrar as document number 4842628, and was modified and <br />filed on April 2, 2021 with the Ramsey County Recorder/Registrar as document number <br />4874465; <br />the second mortgage is dated September 27, 2023 and recorded October 12, 2023 with the <br />Ramsey County Recorder/Registrar as document number 5004710; <br />agrees that the Development Agreement shall remain in full force and effect even if it forecloses <br />on its mortgages. <br />Dated this day of 92024. <br />By: <br />Its: <br />STATE OF ) <br />ss. <br />COUNTY OF ) <br />The foregoing instrument was acknowledged before me this <br />2024, by , the <br />Bank, a , on behalf of the entity. <br />DRAFTED BY: <br />LEVANDER, GILLEN & MILLER <br />Professional Association <br />1305 Corporate Center Drive, Suite 300 <br />Eagan, Minnesota 55121 <br />Telephone: (651) 451-1831 <br />Notary Public <br />day of , <br />of Platinum <br />19 <br />