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EE IT RESOLVED FURTHER, that Continental may, at any time and from time to time, <br />assign or grant or otherwise convey one or more liens or security interests in its assets, including <br />its rights, obligations and benefits in and to the Franchise (the "Collateral ") to any lender <br />providing financing to Continental ( "Secured Party "), from time to time. Secured Party shall have <br />no duty to preserve the confidentiality of the information provided in the Franchise with respect <br />to any disclosure (a) to Secured Party's regulators, auditors or attorneys, (b) made pursuant to the <br />order of any governmental authority, (c) consented to by the Authority or (d) any of such <br />information which was, prior to the date of such disclosure, disclosed by the Authority to any <br />third party and such party is not subject to any confidentiality or similar disclosure restriction with <br />respect to such information subject, however, to each of the terms and conditions of the Franchise. <br />Lake Elmo <br />ADOPTED by thisl7th day of Senteraber , 1996. <br />City of Lake Elmo <br />A-C4, /tea -_ <br />Mayor <br />The undersigned, being the duly appointed, qualified and acting Clerk of the City of Lake,i;' <br />Elmo, Minnesota hereby certify that the foregoing Resolution No. 9 6 - 2 9 is a true, correct and <br />accurate copy of Resolution No9:6 - 2-9duly and lawfully passed and adopted by the City of Lake <br />Elmo on the 17 th day of S ep t enb er , 1996. <br />Clerk <br />