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0 <br /> 3 .02 . Date of Note. The Note shall be dated as of • <br /> the date of issuance thereof. <br /> 3 .03 . Execution. The Note shall be executed on <br /> behalf of the HRA by the signatures of the Chairman, Secretary <br /> and Executive Director, and shall be sealed with its corporate <br /> seal. In case any officer whose signature shall appear on the <br /> Note shall cease to be such officer before the delivery <br /> thereof ,. such signature shall nevertheless be valid and <br /> sufficient for all purposes . <br /> 3 .04 . Mutilated, Lost and Destroyed Note. In case <br /> the Note shall become mutilated or be destroyed or lost, the <br /> HRA upon compliance by the registered owner thereof with any <br /> applicable provision of law shall cause to be executed and <br /> delivered a new Note of like outstanding principal amount and <br /> tenor in exchange and substitution for and upon cancellation of <br /> the mutilated Note, or in lieu of or in substitution for such <br /> Note destroyed or lost, upon the registered owner ' s paying the <br /> reasonable expenses-- and charges. of the HRA in connection <br /> therewith, and in case the Note is destroyed or lost, its <br /> filing with the HRA evidence satisfactory to it and compliance <br /> with any applicable provisions of law. <br /> 3 .05 . Registration of Transfer . The HRA will cause <br /> to be kept at the office of the Executive Director a Note <br /> Register in which, subject to such reasonable regulations as it <br /> may prescribe, the HRA shal provide for the registration or <br /> transfer of ownership of the Note. The Note shall be <br /> transferable upon the books of the HRA by the registered owner <br /> thereof in person or by its attorney duly authorized in <br /> writing, upon surrender of the Note together with a written <br /> instrument of transfer satisfactory to the Executive Director, <br /> duly executed by the registered owner thereof or its duly <br /> authorized attorney, together with an executed investment <br /> letter from the new registered owner in the form attached <br /> hereto as Exhibit A and an opinion of counsel addressed to the <br /> HRA and in form satisfactory to the HRA that such transfer <br /> complies with all applicable federal and State of Minnesota <br /> securities laws . Upon such transfer the Executive Director <br /> shall note the date of registration and the name and address of <br /> the new- registered owner on the books of the HRA and in the <br /> registration blank appearing on the Note . Alternatively, the <br /> HRA will at the request of the Registered Owner issue new notes <br /> in an aggregate principal amount equal to the unpaid principal <br /> balance of the Note, and of like tenor, except as to number and <br /> principal amount, and registered in the name of the Registered <br /> Owner or such transferee as may be designated by the Registered <br /> Owner . The HRA may deem and treat the person in whose name the <br /> Note is last registered upon the books of the HRA with such <br /> • <br /> -7- <br />