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SCHEDULE B <br />CERTIFICATE OF COMPLETION <br />WHEREAS, Lino Lakes Lodging, LLC ("Assisted Living Developer") is the owner and <br />Developer of property in the City of Lino Lakes, Minnesota, described on Schedule A attached <br />hereto and made a part hereof (the "Property"); and <br />WHEREAS, the Property is subject to the provisions of a certain Addendum to Contract <br />for Private Development Agreement (the "Addendum") dated November 23, 2009 by and <br />between Assisted Living Developer and the Lino Lakes Economic Development Authority and <br />the City of Lino Lakes, Minnesota (the "City"); and <br />WHEREAS, Assisted Living Developer has fully and duly performed all of the covenants <br />and conditions of Assisted Living Developer under the Agreement with respect to the completion <br />of the Assisted Living Improvements (as defined in the Addendum); <br />NOW, THEREFORE, it is hereby certified that all requirements of Assisted Living <br />Developer under the Addendum with respect to the completion of the Assisted Living <br />Improvements have been completed and duly and fully performed, and this instrument is to be <br />conclusive evidence of the satisfactory termination of the covenants and conditions of the <br />Addendum as they relate to the completion of the Assisted Living Improvements. All other <br />covenants and conditions of the Addendum shall remain in effect and are not terminated hereby. <br />Dated this day of <br />STATE OF MINNESOTA ) <br />) SS. <br />COUNTY OF ANOKA <br />CITY OF LINO LAKES, MINNESOTA <br />By <br />Its <br />The foregoing instrument was acknowledged before me this day of <br />, 20 , by , the of the <br />City of Lino Lakes, Minnesota. <br />Notary Public <br />B- 1 <br />