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payable by the EDA only from the sources and subject to the <br />qualifications and limitations stated or referenced herein. <br />Neither the full faith and credit nor the taxinq powers of the EDA <br />are pledged to or available for the payment of the principal of or <br />interest on this Note, and no property or other asset of the EDA, <br />save and except the above referenced Available Tax Increments, is <br />ar shall constitute a source of payment of the EDA's obligations <br />hereunder. <br />[10] This Note is issued by the EDA in aid of financing a <br />project pursuant to and in full conformity with the Constitution <br />and laws of the State of Minnesota, including the Tax Increment <br />Act. <br />[11] This Note may be assigned but upon such assignment the <br />assignor shall promptly notify the EDA thereof in writing, and the <br />assignee shall surrender this Note to the EDA either in exchange <br />for a new fully registered note or for transfer of this Note on the <br />registration records for the Note maintained by the EDA. Each such <br />assignee shall take this Note subject to the foregoing conditions <br />and subject to all provisions stated or referenced herein. <br />[12] IN WITNESS WHEREOF, the Mounds View Economic Development <br />Authority has caused this Note to be executed by the manual <br />signatures of its President and its Executive Director and has <br />caused this Note to be issued and dated as of , <br />1994. <br />President Executive Director <br />263418.1 B- 3 <br />