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419290v2 LN140 -109 B -4 EXHBIT D to PURCHASE AND REDEVELOPMENT AGREEMENT FORM OF QUIT CLAIM DEED THIS INDENTURE, between the Lino Lakes Economic Development Authority, a Minnesota, a public body corporate and politic (the “Grantor”), and Lino Lakes Assisted Living, LLC, a Minnesota limited liability company (the “Grantee”). WITNESSETH, that Grantor, in consideration of the sum of $321 ,4 74 and other good and valuable consideration the receipt whereof is hereby acknowledged, does hereby grant, bargain, quitclaim and convey to the Grantee, its successors and assigns forever, all the tract or parcel of land lying and being in the C ounty of Anoka and State of Minnesota described as follows, to -wit (such tract or parcel of land is hereinafter referred to as the “Property”): Outlot A, The Village No. 4, according to the recorded plat thereof To have and to hold the same, together with all the hereditaments and appurtenances thereunto belonging. SECTION 1 . It is understood and agreed that this Deed is subject to the covenants, conditions, restrictions and provisions of an agreement recorded herewith entered into between the Gran tor and Grantee on the 11th day of March , 20 13 , identified as “Purchase and Redevelopment Agreement” (hereafter referred to as the “Agreement”) and that the Grantee shall not convey this Property, or any part thereof, except as permitted by the Agreement u ntil a certificate of completion releasing the Grantee from certain obligations of said Agreement as to this Property or such part thereof then to be conveyed, has been placed of record. This provision, however, shall in no way prevent the Grantee from mo rtgaging this Property in order to obtain funds for the purchase of the Property hereby conveyed or for erecting the Minimum Improvements thereon (as defined in the Agreement) in conformity with the Agreement, any applicable development program and applica ble provisions of the zoning ordinance of the City of Lino Lakes, Minnesota, or for the refinancing of the same. It is specifically agreed that the Grantee shall promptly begin and diligently prosecute to completion the redevelopment of the Property thro ugh the construc tion of the Minimum Improvements thereon, as provided in the Agreement. Promptly after completion of the Minimum Improvements in accordance with the provisions of the Agreement, the Grantor will furnish the Grantee with an appropriate in strument so certifying. Such certification by the Grantor shall be (and it shall be so provided in the certification itself) a conclusive determination of satisfaction and termination of the agreements and covenants of the Agreement and of this Deed with respect to the obligation of the Grantee, and its successors and