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2. Section 4.07 of the Loan Agreement is hereby amended to <br />add a new subparagraph (4) to read as follows: <br />"(4) Notwithstanding anything herein or in any other <br />document to the contrary, from and after December 1, 1991, <br />the interest on the Note shall be includible in gross income <br />of the Lender and any provisions in this Agreement, the <br />Note, or any other agreement entered into in connection with <br />the issuance of the Note which require an increase in the <br />interest rate of the Note or prepayment of the Note on <br />account of a "Determination of Taxability" shall not apply <br />as a result of interest on the Note becoming taxable from <br />and after December 1, 1991." <br />3. In all other respects the Loan Agreement dated <br />October 14, 1981, shall remain in full force and effect and is <br />hereby ratified and affirmed by the Issuer and the Company. <br />CITY OF LITTLE CANADA, <br />MINNESOTA <br />By <br />Mayor <br />By <br />Clerk <br />First Amendment to Loan Agreement dated as of December 1, 1991, <br />by and between the City of Little Canada, Minnesota, and <br />Curtis J. Cargill. <br />24995 <br />2 <br />Page 60 <br />