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2 <br />DOCSOPEN\MU205\52\914350.v1-11/8/23 <br />7. We acknowledge that the EDA and Kennedy & Graven, Chartered, as legal counsel <br />to the EDA, have not made any representations or warranties as to the status of interest on the Note <br />for the purpose of federal or state income taxation. <br />8. We represent to you that we are purchasing the Note for our own account and not <br />for resale or other distribution thereof, except to the extent otherwise provided in the Note or as <br />otherwise approved in writing by the EDA. <br />9. All capitalized terms used herein have the meaning provided in the Agreement <br />unless the context clearly requires otherwise. <br />10. The Purchaser’s federal tax identification number is 87-3517552. <br />11. We acknowledge receipt of the Note on the date hereof. <br /> <br />IN WITNESS WHEREOF, the undersigned has executed this Investment Letter as of the <br />date and year first written above. <br />VILLAS OF MOUNDS VIEW, LIMITED <br />PARTNERSHIP, a Minnesota limited partnership <br /> <br /> <br /> <br /> By: ____________________________ <br /> ____________________________ <br /> Its: Chief Manager <br />