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77060962v1 <br /> <br /> <br /> 16 <br /> <br />Section 18. Severability. The invalidity of any clause, part, or provision of this <br />Regulatory Agreement shall not affect the validity of the remaining portions thereof. <br />Section 19. Notices. All notices to be given pursuant to this Regulatory Agreement <br />shall be in writing and shall be deemed given when sent by unsecured e-mail, facsimile <br />transmission or other similar unsecured electronic methods or when mailed by certified or <br />registered mail, return receipt requested, to the parties hereto at the addresses set forth below, or <br />to such other place as a party may from time to time designate in writing: <br />To the <br />Governmental <br />Lender: <br />City of Little Canada, Minnesota <br />Little Canada City Hall <br />515 Little Canada Road East <br />Little Canada, MN 55117 <br />Attn: City Administrator <br />Email: chris.heineman@littlecanadamn.org <br /> <br />To the Fiscal <br />Agent: <br />U.S. Bank Trust Company, National Association <br />69 Livingston Avenue, Third Floor <br />EP-MN-WS3C <br />Saint Paul, MN 55107 <br />Attention: Angela Davis <br />Email: angelag.davis@usbank.com <br /> <br />To the Borrower: Little Canada Phase II Limited Partnership <br />c/o Reuter Walton Development, LLC <br />4450 Excelsior Boulevard, Suite 400 <br />St. Louis Park, MN 55416 <br />Attn: Anne Stephenson <br />Email: anne@reuterwalton.com <br /> <br />With a copies to: Stoel Rives LLP <br />600 University Street <br />Suite 3600 <br />Seattle, WA 98101 <br />Attn: Joseph McCarthy <br />Email: joseph.mccarthy@stoel.com <br /> <br /> Allianz Life Insurance Company of North <br />America <br />c/o R4 Capital Funding LLC <br />780 Third Avenue, 16th Floor <br />New York, NY 10017 <br />Attention: Tara Nussbaum <br />Email: TNussbaum@r4cap.com <br />