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BRIGGS — MORGAN <br />Ramsey Town Center, LLC <br />CommunityNational Bank <br />August 11, 2006: <br />Page 2 <br />Master Development Agreement, and the City reserves the right to provide the Developer and <br />Community National Bank with subsequent Formal Notices of any other defaults. <br />The City will examine the various Secondary Development Agreements and provide a; <br />copy of this, Notice: to any third parties who are entitled to receive a copy of default notices under <br />the terms of any, Secondary Development Agreement. The City is not, at this time, providing, <br />copies of'thi Formal Notice to any other third parties. The City assumes that-Ramsey Town <br />Center LLC and Community National. Bank will provide copies of this letter to any third parties <br />to whom they have a contractual obligation to provide copies default notices, and the City <br />asks that Ramsey Town Center LLC and. Community National Bank copy the City on any <br />correspondence delivering this Formal Notice to third parties, so the City knows what= parties, <br />other than Ramsey Town.CenterLLC and.Community National Bank, have received this Notice. <br />Very truly yours, <br />Thomas L. Bray <br />TLB:se <br />cc: City of Ramsey, Attn: James E. Norman (Via E -Mai) <br />William K. Goodrich (Via L- Mail) <br />a93a727vt <br />2366502v2 A -3 <br />