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75563925v3 ALLONGE TO PROMISSORY NOTE This Allonge is dated and effective as of ______________, 2023 and is attached to and made a part of that certain City of Little Canada, Minnesota, Educational Facilities Revenue Refunding Note, Series 2017 (Saint Paul Academy and Summit School Project) issued by the City of Little Canada, Minnesota, a municipal corporation, dated September 6, 2017, in the original principal amount of $7,375,000.00 in favor of Bremer Bank, National Association, a national banking association, as amended by the First Amendment to Educational Facilities Revenue Refunding Note (Saint Paul Academy and Summit School Project), Series 2017 (as amended, the “Note”). Due to the unavailability of the 10-Year Interest Rate Swaps Rate (as defined in the Note) after June 30, 2023, and as contemplated by the terms of the Note in the event of such unavailability, the second paragraph of Section 1 of the Note is hereby deleted and replaced in its entirety with the following: “On the Adjustment Date through September 1, 2037 (“Final Maturity Date”), the interest rate on this Note will be adjusted to a rate per annum equal to seventy-nine percent (79%) of the sum of: (i) 112 basis points plus (ii) the 10- Year FHLB (defined below) in effect as of each Adjustment Date (the “Adjusted Rate”). Such adjustment to the interest rate shall be made and become effective as of the Adjustment Date and the interest rate as adjusted shall remain in effect through and including the day immediately preceding the Final Maturity Date. Notwithstanding anything herein to the contrary, during any period of time while the 10-Year FHLB would be less than zero percent (0.0%), the 10-Year FHLB shall be deemed to be zero (0). The term “10-Year FHLB” shall mean the interest rate subject to change from time to time based on changes in an independent index which is the 10 Year Federal Home Loan Bank (FHLB) Rate as published by The Federal Home Loan Bank of Des Moines as of the date of determination (the “FHLB Index”). The FHLB Index is not necessarily the lowest rate charged by Lender on its loans. If the FHLB Index becomes unavailable during the term of this loan, Lender may designate a substitute Index after notifying the Issuer and Borrower. Lender will tell the Borrower the current FHLB Index rate upon Borrower’s request. The interest rate change will not occur more often than each ten years.” (signature page to follow)