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1.8 Recital Eight. As set forth in the Debt Subordination Agreement, the City of <br />Ramsey, Minnesota, was a party to the Debt Subordination Agreement solely with <br />respect to Section 31 of the Debt Subordination Agreement which Section 31 is <br />not impacted or affected by this Agreement. Therefore, the City of Ramsey, <br />Minnesota, is not a party this Agreement. <br />2. Agreement. Bank, Borrower, Mezzanine Borrower and Creditor agree that, <br />notwithstanding the provisions in the Debt Subordination Agreement: (i) Mezzanine Borrower <br />may make and Creditor may accept the Prepayment, (ii) Bank expressly waives the provisions <br />of the Debt Subordination Agreement with respect to the Prepayment and Creditor's acceptance <br />of the Prepayment (but not with respect to any other or future prepayment or Creditor's <br />acceptance of any other or future prepayment); (iii) neither the Prepayment nor Creditor's <br />acceptance of the Prepayment is subject to the provisions of Section 10 of the Debt <br />Subordination Agreement; and (iv) Creditor shall have no obligation to remit the proceeds of the <br />Prepayment to Bank and Bank shall have no right to recover the proceeds of the Prepayment <br />from Creditor pursuant to Section 10 of the Debt Subordination Agreement or otherwise. <br />3. Impact on Debt Subordination Agreement. Except as modified by this Agreement, the <br />Debt Subordination Agreement remains unmodified and in full force and effect. <br />(Signature Appear on the Following Pages) <br />2 <br />4949453v1 <br />