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subordination of its rights under the Contract to the rights of the Lender under the Lender Loan <br /> Documents; and <br /> NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the Lino Lakes <br /> Economic Development Authority that: <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 /> Approved by the Board of Commissioners of the Lino Lakes Economic Development Authority this <br /> 12''day of February,2018. <br /> Pres' en <br /> ATTEST: <br /> Ex uti Director <br /> 516094v1 JAE LN140-116 2 <br />