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<br />LOAN AGREEMENT <br /> <br />between <br /> <br />CASS COUNTY, NORTH DAKOTA <br /> <br />and <br /> <br />OAK GROVE LUTHERAN SCHOOL <br /> <br />$7,500,000 <br />CASS COUNTY, NORTH DAKOTA <br />SCHOOL FACILITIES REVENUE BONDS <br />(OAK GROVE LUTHERAN SCHOOL PROJECT) <br />SERIES 2006 <br /> <br />Dated as of July 1, 2006 <br /> <br />Certain ofthe rights ofCass County, North Dakota, in this Loan Agreement have been <br />assigned and pledged to Wells Fargo Brokerage Services, LLC, pursuant to a Pledge <br />Agreement dated as of July 1,2006. <br /> <br />This Instrument Drafted By: <br />Arntson & Stewart, P.C. <br />51 Bruadway, Suite 603 <br />P.O. Box 789 <br />Fargo, North Dakota 58107 <br />