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<br /> 16 <br />Little Canada - Lupe - REGULATORY AGREEMENT(199553364.3) - 5/12/2026 11:38:43 AM <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, Minnesota 55117 <br />Attn: City Administrator <br />Email: bryce.shearen@littlecanadamn.org <br /> <br />To the Fiscal <br />Agent: <br />U.S. Bank Trust Company, National Association <br />111 Fillmore Avenue E <br />St. Paul, Minnesota 55107 <br />Attention: Global Corporate Trust <br />Email: christine.robinette@usbank.com <br /> <br />To the Borrower: LC Apartments, LP <br />c/o LC Affordable GP, LLC <br />1801 County Road B West, Suite 201 <br />Roseville, Minnesota 55113 <br />Attention: Steve Minn <br />E-mail: steve.minn@lupedevelopment.com <br /> <br />With a copies to: Winthrop & Weinstine, P.A. <br />225 South Sixth Street, Suite 3500 <br />Minneapolis, Minnesota 55402 <br />Attention: Joshua N. Noah <br />E-mail: jnoah@winthrop.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, New York 10017 <br />Attention: Tara Nussbaum <br />Email: TNussbaum@r4cap.com <br /> <br /> R4 LAMN Acquisition LLC <br />780 3rd Avenue, 16th Floor <br />New York, New York 10017 <br />Attention: Marc D. Schnitzer <br />E-mail: mschnitzer@r4cap.com <br />