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STATE OF MINNESOTA <br />COUNTY OF <br />) ss. <br />THE VILLAS AT LITTLE CANADA LLC <br />By <br />George E. Sherman <br />Its President <br />The foregoing instrument was acknowledged before me on this day of <br />2003 by George E. Sherman, the President of The Villas at Little Canada LLC, a Minnesota <br />limited liability company on behalf of the company. <br />Notary Public <br />This is a signature page to the Developer Agreement by and between the Economic Development <br />Authority of Little Canada and The Villas at Little Canada LLC dated as of <br />2003. <br />1450998v8 <br />-24- <br />- 2 7 - <br />