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This Note shall be governed by and construed in accordance with the laws of the State of Minnesota. <br />The terms of the Rider to Loan Documents attached hereto, are made a part hereof, and in the event of <br />any inconsistencies, the Rider to Loan Documents shall control. <br />IN FURTHERANCE WHEREOF, this Note has been duly executed by the undersigned, as of the day <br />and year above first written. <br />BORROWER: <br />RAMSEY STATION APARTMENTS LIMITED <br />PARTNERSHIP <br />By: Aeon <br />Its: Managing General Partner <br />By: <br />Caroline Horton, Chief Financial Officer <br />[Signature page to Note] <br />US.113578590.01 B- I -2 <br />