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IN WITNESS WHEREOF, the City has caused this Agreement to be duly executed in its <br /> name and on its behalf and its seal to be hereunto duly affixed, and the Developer has caused this <br /> Agreement to be duly executed on its behalf, on or as of the date first above written. <br /> CITY OF PEQUOT LAKES, MINNESOTA <br /> By <br /> Its Mayor <br /> By <br /> Its Clerk <br /> (SEAL) <br /> This is a signature page to the Development Agreement by and between the City of Pequot Lakes <br /> and Lonesome Real Estate, LLC. <br /> 2055837v2 S-I <br />