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<br />A-2 <br /> <br />Exhibit A <br />Form of Governmental Note <br /> <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF LITTLE CANADA, MINNESOTA <br />MULTIFAMILY HOUSING REVENUE NOTE <br /> (RIDE APARTMENTS PROJECT) <br /> SERIES 2024 <br /> <br />US $25,820,000 December __, 2024 <br />FOR VALUE RECEIVED, the undersigned, City of Little Canada, Minnesota (the <br />“Obligor”), promises to pay (but solely from the sources and in the manner provided for in the <br />Funding Loan Agreement referenced below) to the order of Merchants Bank of Indiana (the <br />“Funding Lender”), and its assigns, the maximum principal sum of TWENTY-FIVE MILLION <br />EIGHT HUNDRED TWENTY THOUSAND AND NO/100 (US $25,820,000), plus Prepayment <br />Premium, if any, and interest thereon and to pay the other amounts owing from time to time <br />hereunder, all as set forth below. <br />This City of Little Canada, Minnesota Multifamily Housing Revenue Note (Ride <br />Apartments Project) Series 2024 (this “Governmental Note”) is being delivered pursuant to that <br />certain Funding Loan Agreement dated as of December 1, 2024 (together with any and all <br />amendments, modifications, supplements and restatements, the “Funding Loan Agreement”), <br />among Funding Lender, the Obligor and U.S. Bank Trust Company, National Association (the <br />“Fiscal Agent”), pursuant to which the Obligor has incurred a loan in the maximum aggregate <br />principal amount of $25,820,000 (the “Funding Loan”), and this Governmental Note is entitled <br />to the benefits of the Funding Loan Agreement and is subject to the terms, conditions and <br />provisions thereof. The Obligor is using the proceeds of the Funding Loan to make a loan to Ride <br />Limited Partnership (the “Borrower”) pursuant to the Project Loan Agreement dated as of <br />December 1, 2024 (the “Project Loan Agreement”), among the Obligor, Borrower, and Fiscal <br />Agent. The outstanding principal balance of this Governmental Note at any time shall be an amount <br />equal to the proceeds of the Funding Loan advanced by Funding Lender under the Funding Loan <br />Agreement and not otherwise prepaid. <br />1. Defined Terms. As used in this Governmental Note, (i) the term “Funding <br />Lender” means the holder of this Governmental Note, and (ii) the term “Indebtedness” means <br />the principal of, Prepayment Premium, if any, and interest on or any other amounts due at any time <br />under this Governmental Note or the Funding Loan Agreement. “Event of Default” and other <br />capitalized terms used but not defined in this Governmental Note shall have the meanings given <br />to such term in the Funding Loan Agreement. <br />2. Payments of Principal and Interest. The Obligor shall pay (but solely from the <br />sources and in the manner provided for in the Funding Loan Agreement) (i) on the tenth calendar