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C-1 <br /> <br />EXHIBIT C <br /> <br />FORM OF CERTIFICATE OF COMMENCEMENT <br /> <br /> <br /> The undersigned hereby certifies that Silver Creek Equity, LLC, a Delaware limited liability company <br />(the “Developer”), has fully satisfied its obligations under Section 13 of the Purchase and Development <br />Agreement, dated ___________ __, 2022 (the “Agreement”), between the Lino Lakes Economic Development <br />Authority and the Developer, with respect to commencing construction of a Building included as part of the <br />Minimum Improvements, defined as the __________________ Building in accordance with Section 13 of <br />the Agreement, and that the Developer is released and forever discharged from its obligations with respect <br />to commencing construction such Building included as part of the Minimum Improvements under Section 13 <br />of the Agreement, and the Seller’s right to re-enter and revest title to such building pursuant to Section 14 <br />of the Agreement is hereby terminated. <br /> <br />Dated: _______________, 20___. <br /> <br /> <br />LINO LAKES ECONOMIC DEVELOPMENT <br />AUTHORITY, MINNESOTA <br /> <br /> <br /> <br />By <br />Its Executive Director <br /> <br /> <br />STATE OF MINNESOTA ) <br /> ) SS. <br />COUNTY OF SCOTT ) <br /> <br /> The foregoing instrument was acknowledged before me this ____ day of _____________, 20___, by <br />__________________, the Executive Director of the Lino Lakes Economic Development Authority, <br />Minnesota, a Minnesota public body corporate and politic, on behalf of the Authority. <br /> <br /> <br />Notary Public <br /> <br /> <br />