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2 419290v2 LN140 -109 AGREEMENT 1.0. D efinitions . In this Agreement, unless a different meaning clearly appears from the context: (a) “Adjacent Parcel” means the property described as Lot 4, The Village No. 4, according to the recorded plat thereof, Anoka County, Minnesota. (b ) “Agreeme nt” means this Agreement, as the same may be from time to time modified, amended, or supplemented. (c ) “Certificate of Completion” means the certification provided to the Developer, substantially in the form attached as Exhibit B to this Agreement, purs uant to Section 17.4 of this Agreement. (d ) “EDA” means the Lino Lakes Economic Development Authority. (e ) “County” means the County of Anoka , Minnesota. (f ) “Date of Closing” has the meaning provided in Section 9 hereof . (g ) “Developer” means Lino Lakes Assisted Living, LLC, or its permitted successors and assigns. (h ) “Event of Default” means an action by the Developer listed in Section 1 5 of this Agreement. (i ) “Holder” means the owner of a Mortgage. (j ) “Letter of Intent” means the letter between the EDA and County attached hereto as Exhibit C. (k ) “Material” means any effect or change which significantly alters the intended use of the Property, or increases or decreases the costs of any individual item of the Minimum Improvement s by more than $100,000. (l) “Maturity Date” means the date that the that all the following obligations have all been paid in full, redeemed or prepaid, or defeased in accordance with their terms: the City’s $4,215,000 General Obligation Tax Increment B onds, Series 2007A; the EDA’s $1,000,000 Taxable Tax Increment Revenue Note, Series 2004, dated December 21, 2004; and the Authority’s Interfund Loan approved by Resolution No. 04 -07, in the original principal amount of $950,000 (reflecting adjustment in p rincipal amount as of October 28, 2005).