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<br />516094v1 JAE LN140-116 2 <br />subordination of its rights under the Contract to the rights of the Lender under the Lender Loan <br />Documents; and <br /> <br /> NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the Lino Lakes <br />Economic Development Authority that: <br /> <br /> 1. The President and the Executive Director are hereby authorized to execute and deliver <br />the Collateral Assignment in substantially the form on file with the Authority, with such additions, <br />deletions, and other changes as are approved by the President and the Executive Director. The President <br />and the Executive Director are further directed to execute any additional documents or take all steps and <br />do all things necessary to effectuate the provisions of the Collateral Assignment. <br /> <br /> <br /> Approved by the Board of Commissioners of the Lino Lakes Economic Development Authority this <br />12th day of February, 2018. <br /> <br /> <br /> <br /> <br />President <br /> <br />ATTEST: <br /> <br /> <br /> <br />Executive Director <br />