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SIGNATURE AND NONLITIGATION CERTIFICATE <br /> We, the undersigned, being respectively the duly qualified and acting Mayor and City <br /> Administrator of the City of Pequot Lakes, Crow Wing County, Minnesota, (the "City"), DO <br /> HEREBY CERTIFY that we did, in our official capacities as such officers, sign our own proper <br /> names by manual signature on the City's $176,000 General Obligation Equipment Certificate of <br /> Indebtedness, Series 2022A (the "Certificate"), dated February 15, 2022, as the date of original <br /> issue,numbered R-1, in denomination of$176,000. The Certificate matures on February 1, 2030 <br /> and bears interest at the rate of 2.40%until paid or discharged. <br /> WE FURTHER CERTIFY that we are now and were on the date of signing the Certificate, <br /> the duly qualified and acting officers therein indicated, and duly authorized to execute the same. <br /> WE FURTHER CERTIFY that the Certificate has been in all respects duly executed for <br /> delivery pursuant to authority conferred upon us as such officers;and no obligations other than the <br /> Certificate has been issued pursuant to such authority, and that none of the proceedings or records <br /> which have been certified to the purchaser of the Certificate or the attorneys approving the same <br /> have been in any manner repealed, amended or changed, and that there has been no change in the <br /> financial condition of the City or of the facts affecting the Certificate. <br /> WE FURTHER CERTIFY that there is no litigation pending or, to our knowledge, <br /> threatened questioning the organization or boundaries of the City, or the right of any of us to our <br /> respective offices, or in any manner questioning our right and power to execute and deliver the <br /> Certificate, or otherwise questioning the validity of the Certificate or the levy of taxes for the <br /> payment of the Certificate and the interest thereon. <br /> Dated: February 15, 2022. <br /> 72511718v1 <br />