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<br /> S-1 <br />Little Canada - Lupe - REGULATORY AGREEMENT(199553364.3) - 5/12/2026 11:38:43 AM <br />IN WITNESS WHEREOF, the parties have caused this Regulatory Agreement to be <br />signed by their respective duly authorized representatives as of the day and year first written above. <br /> <br />CITY OF LITTLE CANADA, MINNESOTA <br /> <br /> <br /> <br />By: ____________________________________ <br />Its: Mayor <br /> <br /> <br /> <br />By: ____________________________________ <br />Its: City Administrator <br /> <br /> <br />STATE OF MINNESOTA ) <br />) SS <br />COUNTY OF RAMSEY ) <br />The foregoing instrument was acknowledged before me this ____ day of ______, 2026, by <br />Thomas Fischer and Bryce Shearen, the Mayor and City Administrator, respectively, of the City <br />of Little Canada, Minnesota, a municipal corporation and a political subdivision under the laws of <br />the State of Minnesota, on behalf of said City. <br /> <br />_______________________________________ <br />Notary Public <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Execution page of the Governmental Lender to the Regulatory Agreement