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<br />First Draft: 9-29-08 <br /> <br />PLEDGE AGREEMENT <br /> <br />between <br /> <br />CASS COUNTY, NORTH DAKOTA <br /> <br />and <br /> <br />WELLS FARGO BROKERAGE SERVICES, LLC <br /> <br />regarding <br /> <br />$2,400,000 <br />CASS COUNTY, NORTH DAKOTA <br />SCHOOL FACILITIES REVENUE BONDS <br />(OAK GROVE LUTHERAN SCHOOL PROJECT) <br />SERIES 2008 <br /> <br />Dated as of November 1, 2008 <br /> <br />This Instrument Drafted By: <br /> <br />Arntson & Stewart, P.C. <br />51 Broadway, Suite 603 <br />Fargo, North Dakota 58102 <br />