TERM LOAN AGREEMENT

EXHIBIT 10.1

TERM LOAN AGREEMENT

This TERM LOAN AGREEMENT is entered into as of August 10, 2007, between CapSource Financial, Inc. a Colorado corporation (“Borrower”), Randolph M. Pentel, an individual residing in Minnesota (“Guarantor”) and Whitebox Intermarket Partners, L.P., a British Virgin Islands limited partnership (“Lender”).

WHEREAS, Lender has agreed to make available to Borrower a term loan upon and subject to the terms and conditions set forth in this Agreement;

WHEREAS, simultaneous with the execution of this Agreement, Guarantor has agreed to enter into, for the benefit of Lender, a Personal Guaranty of the full amount of the Company’s obligations under the term loan;

WHEREAS, Borrower and Lender have conducted substantial negotiations of the Agreement in the State of Minnesota; and

WHEREAS, Borrower has delivered this Agreement and the Note (defined below) in the State of Minnesota.

NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the parties agree as follows:

ARTICLE 1 - DEFINITIONS

The definitions appearing in this Agreement or any supplement or addendum to this Agreement, shall be applicable to both the singular and plural forms of the defined terms:

“AGREEMENT” means this Term Loan Agreement as it may be amended or supplemented from time to time.

“BANKRUPTCY CODE” means the Federal Bankruptcy Reform Act of 1978 (11 U.S.C. ss.101, et Seq.), as amended.

“BASIC INTEREST” means the accrued interest due and payable on the outstanding Loan Amount as calculated at the Designated Rate.

“BORROWING DATE” means the Business Day on which the proceeds of a Loan are disbursed by Lender.

“BUSINESS DAY” means any day other than a Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by law to close.

“COMMITMENT AMOUNT” means the obligation of Lender to make a Loan to Borrower in an aggregate, original principal amount equal to the LOAN AMOUNT .

“DEFAULT” means an event which with the giving of notice, passage of time, or both would constitute an Event of Default.

“DEFAULT RATE” is defined in SECTION 2.5.

“DESIGNATED RATE” means a fixed rate of interest per annum of nine percent (9%).

“EVENT OF DEFAULT” is defined in ARTICLE 7.

“INSOLVENCY PROCEEDING” means (a) any case, action or proceeding before any court or other governmental authority relating to bankruptcy, reorganization, insolvency, liquidation, receivership, dissolution, winding-up or relief of debtors, or (b) any general assignment for the benefit of creditors, composition, marshalling of assets for creditors, or other, similar arrangement in respect of its creditors generally or any substantial portion of its creditors, undertaken under U.S. Federal, state or foreign law, including the Bankruptcy Code.

“LOAN” means the extension of credit by Lender under SECTION 2 of this Agreement.

“LOAN AMOUNT” means the original principal amount of One Hundred Fifty Thousand Dollars ($150,000).

“LOAN DOCUMENTS” means, individually and collectively, this Agreement, the Note, the Guaranty and all other contracts, instruments, addenda and documents executed in connection with this Agreement or the extensions of credit which are the subject of this Agreement.

“MATERIAL ADVERSE EFFECT” or “MATERIAL ADVERSE CHANGE” means (a) a material adverse change in, or a material adverse effect upon, the operations, revenues, assets, business, properties, or condition (financial or otherwise) of Borrower; (b) a material impairment of the ability of Borrower to perform under any Loan Document or under any material agreement of the Borrower; or (c) a material adverse effect upon the legality, validity, binding effect or enforceability against Borrower of any Loan Document.

“MATURITY DATE” means, two (2) years from the Closing Date and is the date on which payment of all outstanding principal and accrued interest with respect to such Loan is due.

“NOTE” means a promissory note substantially in the form of EXHIBIT “A” hereto, executed by Borrower evidencing the Loan.

“OBLIGATIONS” means all debts, liabilities, obligations, covenants and duties arising under any Loan Document, owing by Borrower to Lender, whether direct or indirect (including those acquired by assignment), absolute or contingent, liquidated or unliquidated, due or to become due, now existing or hereafter arising.

“TERMINAL PAYMENT” means, with respect to the Loan, an amount payable on the Maturity Date of the Loan equal to the Loan Amount and any accrued but unpaid Basic Interest under the Loan.

ARTICLE 2 - THE COMMITMENT AND LOANS

2.1 THE COMMITMENT. Subject to the terms and conditions of this Agreement, Lender agrees to make a term loan to Borrower on the Closing Date equal to the Loan Amount. The Commitment is not a revolving credit commitment, and Borrower shall not have the right to repay and reborrow hereunder. Upon Borrower’s receipt of the Loan Amount on the Closing Date, the Company and Guarantor will issue to Lender:

(a) a Note in the form attached as EXHIBIT A in the original principal amount equal to the Loan Amount; and

(b) the Personal Guaranty of the Company’s obligations under the Note by Guarantor in the form attached as EXHIBIT C.

2.2 PAYMENT OF THE NOTE: The Note shall be payable as follows: (a) Basic Interest shall be paid quarterly in arrears on the last day of each calendar quarter, commencing with a pro rated payment for the quarter ending September 30, 2007; and (b) the Terminal Payment shall be paid on the Maturity Date.

2.3 INTEREST. Basic Interest on the outstanding Loan Amount shall accrue daily at the Designated Rate from the Borrowing Date through the Maturity Date.

2.4 INTEREST RATE CALCULATION. Basic Interest, along with charges and fees under this Agreement and any Loan Document, shall be calculated for actual days elapsed on the basis of a 365-day year. In no event shall Borrower be obligated to pay Lender interest, charges or fees at a rate in excess of the highest rate permitted by applicable law from time to time in effect.

2.5 DEFAULT INTEREST. Any unpaid payments of Basic Interest or the Terminal Payment shall bear interest from their respective maturities, whether scheduled or accelerated, at the Designated Rate for such Loan PLUS five percent (5.00%) per annum (the “Default Rate”), until paid in full, whether before or after judgment (the “Default Interest”). Borrower shall pay the Default Interest on the demand of Lender.

2.6 LENDER’S RECORDS. Basic Interest, Default Interest, Terminal Payment and all other sums owed under any Loan Document shall be evidenced by entries in records customarily maintained by Lender for such purpose. Each payment on and any other credits with respect to Basic Interest, Default Interest or Terminal Payment and all other sums outstanding under any Loan Document shall be evidenced by entries in such records. Absent manifest error, Lender’s records shall be conclusive evidence thereof; provided, however, that the failure of Lender to maintain such records or any error therein shall not in any manner affect the obligations of Borrower to repay the Loan or any interest or fees called for herein.

2.7 PROMISE TO PAY; MANNER OF PAYMENT. Borrower absolutely and unconditionally promises to pay to Lender principal, interest and all other amounts payable hereunder, or under any other Loan Document, without any right of rescission and without any deduction whatsoever, including any deduction for any setoff, counterclaim or recoupment, or any other event. All payments made by Borrower shall be made on the date when due in U.S. Dollars and in immediately available funds by electronic transfer to Lender’s account and in accordance with the following wire transfer instructions, which may be amended from time to time by Lender:

Any payment received after 2:00 p.m. (Central Time) in the date when due shall be deemed received on the following Business Day. Whenever any payment hereunder shall be stated to be due or shall become due and payable on a day other than a Business Day, the due date thereof shall be extended to, and such payment shall be made on, the next succeeding Business Day, and such extension of time in such case shall be included in the computation of payment of any interest (at the interest rate then in effect during such extension) and/or fees, as the case may be.

ARTICLE 3 - REPRESENTATIONS AND WARRANTIES

Borrower represents and warrants that, as of the Closing Date, except as set forth on a Schedule of Exceptions (“Schedule of Exceptions”) to be amended from time to time:

3.1 DUE ORGANIZATION. Borrower is a corporation duly organized and validly existing in good standing under the laws of Colorado, and is duly qualified to conduct business and is in good standing in each other jurisdiction in which its business is conducted or its properties are located, except where the failure to be so qualified would not have a Material Adverse Effect.

3.2 AUTHORIZATION, VALIDITY AND ENFORCEABILITY. The execution, delivery and performance of all Loan Documents executed by Borrower are within Borrower’s powers, have been duly authorized, and are not in conflict with Borrower’s articles of incorporation or by-laws, or the terms of any charter or other organizational document of Borrower, as amended from time to time; and all such Loan Documents constitute valid and binding obligations of Borrower, enforceable in accordance with their terms (except as may be limited by bankruptcy, insolvency and similar laws affecting the enforcement of creditors’

rights in general, and subject to general principles of equity).

3.3 COMPLIANCE WITH APPLICABLE LAWS. Borrower has complied with all licensing, permit and fictitious name requirements necessary to lawfully conduct the business in which it is engaged, and to any sales, leases or the furnishing of services by Borrower, including without limitation those requiring consumer or other disclosures, the noncompliance with which would have a Material Adverse Effect.

3.4 NO CONFLICT. The execution, delivery, and performance by Borrower of all Loan Documents are not in conflict with any law, rule, regulation, order or directive, or any indenture, agreement, or undertaking to which Borrower is a party or by which Borrower may be bound or affected.

3.5 NO LITIGATION, CLAIMS OR PROCEEDINGS. There is no litigation, tax claim or proceeding pending, or, to the knowledge of Borrower following due investigation, threatened against Borrower or its property.

3.6 CORRECTNESS OF FINANCIAL STATEMENTS. Borrower’s financial statements which have been delivered to Lender fairly, fully and accurately reflect Borrower’s financial condition as of December 31, 2006; and, since that date there has been no Material Adverse Change.

3.7 NO EVENT OF DEFAULT. No Default or Event of Default has occurred and is continuing.

3.8 FULL DISCLOSURE. None of the representations or warranties made by Borrower in the Loan Documents as of the date such representations and warranties are made or deemed made, and none of the statements contained in any exhibit, report, statement or certificate furnished by or on behalf of Borrower in connection with the Loan Documents (including disclosure materials delivered by or on behalf of Borrower to Lender prior to the Closing Date), when taken together, contains any untrue statement of a material fact or omits any material fact required to be stated therein or necessary to make the statements made therein, in light of the circumstances under which they are made, not misleading as of the time when made or delivered.

3.9 INSURANCE. Borrower has in full force and effect such insurance policies as are customary in its industry.

3.10 INVESTMENT COMPANY ACT. Borrower is not an “investment company” registered or required to be registered under the Investment Company Act of 1940, as amended, or is controlled by such an “investment company.”

3.11 SOLVENCY. Borrower is solvent and will continue to be solvent after the creation of the obligations of Borrower to Lender hereunder and the consummation of the other transactions contemplated hereby.

ARTICLE 4 - AFFIRMATIVE COVENANTS

During the term of this Agreement and until its performance of all obligations to Lender, Borrower will:

4.1 NOTICE TO LENDER. Promptly give written notice to Lender of:

(A) Any litigation or administrative or regulatory proceeding affecting Borrower where the amount claimed against Borrower is Ten Thousand Dollars ($10,000) or more, or where the granting of the relief requested could reasonably have a Material Adverse Effect;

(B) The occurrence of any Default or any Event of Default, where the Borrower has knowledge, or reasonable should have knowledge, of such Default or Event of Default.

(C) Any change in the location of Borrower’s principal place of business at least thirty (30) days in advance of such change.

(D) Any default, or an event which the giving of notice, passage of time, or both would constitute a default, by Borrower under any agreement, including but not limited to any joint venture, partnering, distribution, cross-licensing, strategic alliance, collaborative research or manufacturing, license or similar agreement which could reasonably be expected to have a Material Averse Effect; and

(E) Any other matter which has resulted or might reasonably result in a Material Adverse Change, of which the Borrower is aware or of which the Borrower reasonably should be aware.

4.2 OTHER INFORMATION. Provide to Lender such other statements, lists of property and accounts, budgets, forecasts, reports, or other information as Lender may from time to time request.

4.3 EXISTENCE. Maintain and preserve Borrower’s existence and all rights, powers and privileges necessary or desirable in the normal course of its business.

4.4 COMPLIANCE WITH LAWS. Comply with all laws, rules, regulations applicable to, and all orders and directives of any governmental or regulatory authority having jurisdiction over, Borrower or Borrower’s business, and with all material agreements to which Borrower is a party, except where the failure to so comply would not have a Material Adverse Effect.

4.5 TAXES AND OTHER LIABILITIES. Pay all Borrower’s obligations when due; pay all taxes and other governmental or regulatory fees or assessments before delinquency or before any penalty attaches thereto, except as may be timely contested in good faith by the appropriate procedures and for which Borrower shall maintain appropriate reserves; and timely file all required tax returns.

ARTICLE 5 - NEGATIVE COVENANTS

During the term of this Agreement and until the performance of all obligations to Lender, Borrower will not (without Lender’s prior written consent):

5.1 DIVIDENDS. Except after a Qualified Public Offering, pay any dividends or purchase, redeem or otherwise acquire or make any other distribution with respect to any of Borrower’s capital stock, except dividends or other distributions solely of capital stock of Borrower or repurchases of unvested shares, at the original purchase price, held by employees.

5.2 DEBT. Prepay any debt obligation of Borrower or any affiliate of Borrower.

5.3 CHANGES/MERGERS. Liquidate or dissolve, or enter into any consolidation, merger, partnership, joint venture or other combination that would constitute a Material Adverse Change.

5.4 SALES OF ASSETS. Sell, transfer, lease or otherwise dispose of any of borrower’s assets except for fair consideration or where such sale, transfer, lease or other disposition of assets, individually or in the aggregate, would not constitute a Material Adverse Change.

5.5 LOANS/INVESTMENTS. Make or suffer to exist any loans, guaranties, advances, or investments, except:

(A) Accounts receivable in the ordinary course of Borrower’s business;

(B) Investments in domestic certificates of deposit issued by, and other domestic investments with, financial institutions organized under the laws of the United States or a state thereof.

(C) Investments in marketable obligations of the United States of America and in open market commercial paper given the highest credit rating by a national credit agency and maturing not more than one year from the creation thereof.

ARTICLE 6 - EVENTS OF DEFAULT

6.1 EVENTS OF DEFAULT. Upon the occurrence and during the continuation of any of the events described below in this SECTION 6.1 (each an “Event of Default”), the Lender may at its option (1) make all sums of Basic Interest and principal, all Terminal Payments, and any other amounts owing under any Loan Documents immediately due and payable without notice of default, presentment or demand for payment, protest or notice of nonpayment or dishonor or any other notices or demands, and (2) give Lender the right to exercise any other right or remedy provided by contract or applicable law:

(A) Borrower shall fail to make any payment of Basic Interest or Terminal Payment when due under this Agreement and the Note, or fail to pay any fees or other charges when due under any Loan Document, and such failure continues for five (5) Business Days or more after the same first becomes due; or an Event of Default as defined in any other Loan Document shall have occurred;

(B) Any representation or warranty made, or financial statement, certificate or other document provided, by Borrower under any Loan Document shall prove to have been false or misleading in any material respect when made or deemed made herein;

(C) Borrower shall fail to pay its debts generally as they become due or shall commence any Insolvency Proceeding with respect to itself; an involuntary Insolvency Proceeding shall be filed against Borrower, or a custodian, receiver, trustee, assignee for the benefit of creditors, or other similar official, shall be appointed to take possession, custody or control of the properties of Borrower, and such involuntary Insolvency Proceeding, petition or appointment is acquiesced to by Borrower or is not dismissed within sixty (60) days; or the dissolution or termination of the business of Borrower;

(D) Borrower shall be in default beyond any applicable period of grace or cure under any other agreement involving the borrowing of money, the purchase of property, the advance of credit or any other monetary liability of any kind to Lender or to any Person which results in the acceleration of payment of such obligation in an amount in excess of Ten Thousand Dollars ($10,000);

(E) Any governmental or regulatory authority shall take any judicial or administrative action, that would have a Material Adverse Effect, and which cannot be cured by Borrower within thirty (30) days of such action;

(F) Any sale, transfer or other disposition of all or a substantial or material part of the assets of Borrower, including without limitation to any trust or similar entity, shall occur where such sale, transfer, lease or other disposition of assets would constitute a Material Adverse Change;

(G) Any judgment(s) singly or in the aggregate in excess of Ten Thousand Dollars ($10,000) shall be entered against Borrower which remain unsatisfied, unvacated or unstayed pending appeal for thirty (30) or more days after entry thereof; or

(H) Borrower shall fail to perform or observe any covenant contained in this Agreement or any other Loan Document (except for the covenant contained in Section 6.1(A)) and the breach of such covenant is not cured within thirty (30) days after the sooner to occur of Borrower’s receipt of notice of such breach from Lender or the date on which such breach first becomes known to any officer of Borrower; PROVIDED, HOWEVER, that if such breach is not capable of being cured within such 30 day period and Borrower timely notifies Lender of such fact and Borrower diligently pursues such cure, then the cure period shall be extended to the date requested in Borrower’s notice, but in no event more than forty-five (45) days from the initial breach.

6.2 GUARANTY. Notwithstanding anything in SECTION 6.1 or elsewhere in this Agreement or any other Loan Document, the Lender may, at its sole option, proceed: (A) against Guarantor together with Borrower; (B) against Guarantor and Borrower individually; or (C) against the Guarantor only, without having first commenced any action against or having obtained any judgment against Borrower.

ARTICLE 7 - GENERAL PROVISIONS

7.1 NOTICES. Any notice given by any party under any Loan Document shall be in writing and personally delivered, sent by overnight courier, or United States mail, postage prepaid, or sent by facsimile, to be promptly confirmed in writing, or other authenticated message, charges prepaid, to the other party’s or parties’ addresses shown on the signature pages hereto. Each party may change the address or facsimile number to which notices, requests and other communications are to be sent by giving written notice of such change to each other party. Notice given by hand delivery shall be deemed received on the date delivered; if sent by overnight courier, on the next business day after delivery to the courier service; if by first class mail, on the third business day after deposit in the U.S. Mail; and if by telecopy, on the date of transmission.

7.2 BINDING EFFECT. The Loan Documents shall be binding upon and inure to the benefit of Borrower and Lender and their respective successors and assigns; provided, however, that Borrower may not assign or transfer Borrower’s rights or obligations under any Loan Document without Lender’s prior written consent. Lender reserves the right to sell, assign, transfer, negotiate or grant participations in all or any part of, or any interest in, Lender’s rights and obligations under the Loan Documents. In connection with any of the foregoing, Lender may disclose all documents and information which Lender now or hereafter may have relating to the Loans, Borrower, or its business; provided that any person who receives such information shall have agreed in writing in advance to maintain the confidentiality of such information on terms reasonably acceptable to Borrower.

7.3 NO WAIVER. Any waiver, consent or approval by Lender of any Event of Default or breach of any provision, condition, or covenant of any Loan Document must be in writing and shall be effective only to the extent expressly set forth in writing. No waiver of any breach or default shall be deemed a waiver of any later breach or default of the same or any other provision of any Loan Document. No failure or delay on the part of Lender in exercising any power, right, or privilege under any Loan Document shall operate as a waiver thereof, and no single or partial exercise of any such power, right, or privilege shall preclude any further exercise thereof or the exercise of any other power, right or privilege. Lender has the right at its sole option to continue to accept payments of Basic Interest, Default Interest and/or all or part of the Terminal Payment due under the Loan Documents after Default, and such acceptance shall not constitute a waiver of said Default or an extension of the Maturity Date unless Lender expressly agrees in writing to such waiver or extension.

7.4 RIGHTS CUMULATIVE. All rights and remedies existing under the Loan Documents are cumulative to, and not exclusive of, any other rights or remedies available under contract or applicable law.

7.5 UNENFORCEABLE PROVISIONS. Any provision of any Loan Document executed by Borrower which is prohibited or unenforceable in any jurisdiction shall be so only as to such jurisdiction and only to the extent of such prohibition or unenforceability, but all the remaining provisions of any such Loan Document shall remain valid and enforceable.

7.6 ACCOUNTING TERMS. Except as otherwise provided in this Agreement, accounting terms and financial covenants and information shall be determined and prepared in accordance with GAAP.

7.7 INDEMNIFICATION; EXCULPATION. Borrower shall pay and protect, defend and indemnify Lender and Lender’s employees, officers, directors, shareholders, affiliates, correspondents, agents and representatives (other than Lender, collectively “Agents”) against, and hold Lender and each such Agent harmless from, all claims, actions, proceedings, liabilities, damages, losses, expenses (including, without limitation, attorneys’ fees and costs) and other amounts incurred by Lender and each such Agent, arising from (i) the matters contemplated by this Agreement or any other Loan Documents, (ii) financing statement of record outstanding at the time of this Agreement, or (iii) any contention that Borrower has failed to comply with any law, rule, regulation, order or directive applicable to Borrower’s business; PROVIDED, HOWEVER, that this indemnification shall not apply to any of the foregoing incurred solely as the result of Lender’s or any Agent’s gross negligence or willful misconduct. This indemnification shall survive the payment and satisfaction of all of Borrower’s Obligations to Lender.

7.8 REIMBURSEMENT. Borrower shall reimburse Lender for all costs and expenses, including without limitation reasonable attorneys’ fees and disbursements expended or incurred by Lender in any arbitration, mediation, judicial reference, legal action or otherwise in connection with (a) the preparation and negotiation of the Loan Documents, (b) the amendment, interpretation and enforcement of the Loan Documents, including, without limitation, during any workout, attempted workout, and/or in connection with the rendering of legal advice as to Lender’s rights, remedies and obligations under the Loan Documents, (c) collecting any sum which becomes due Lender under any Loan Document, (d) any proceeding for declaratory relief, any counterclaim to any proceeding, or any appeal, or (e) the protection, preservation or enforcement of any rights of Lender. For the purposes of this section, attorneys’ fees shall include, without limitation, fees incurred in connection with the following: (1) contempt proceedings; (2) discovery; (3) any motion, proceeding or other activity of any kind in connection with an Insolvency Proceeding; (4) garnishment, levy, and debtor and third party examinations; and (5) post judgment motions and proceedings of any kind, including without limitation any activity taken to collect or enforce any judgment or appeals. All of the foregoing costs and expenses shall be payable upon demand by Lender, and if not paid within thirty (30) days of presentation of invoices shall bear interest at the highest applicable Default Rate.

7.9 EXECUTION IN COUNTERPARTS. This Agreement may be executed in any number of counterparts which, when taken together, shall constitute but one agreement.

7.10 ENTIRE AGREEMENT. The Loan Documents are intended by the parties as the final expression of their agreement and therefore contain the entire agreement between the parties and supersede all prior understandings or agreements concerning the subject matter hereof. This Agreement may be amended only in a writing signed by Borrower and Lender.

7.11 TIME OF THE ESSENCE. Time is of the essence in the performance by Borrower of any of its obligations under the Loan Documents.

7.12 USA PATRIOT ACT. Lender hereby notifies Borrower that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”), it is required to obtain, verify and record information that identifies Borrower, which information includes the name and address of Borrower and other information that will allow Lender to identify Borrower in accordance with the Patriot Act.

7.13 GOVERNING LAW AND JURISDICTION.

(A) THIS AGREEMENT AND THE LOAN DOCUMENTS SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF MINNESOTA, WITHOUT REFERENCE TO ITS CHOICE OF LAWS PROVISIONS.

(B) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT MAY BE BROUGHT IN THE COURTS OF HENNEPIN COUNTY OF THE STATE OF MINNESOTA OR OF THE UNITED STATES FOR THE DISTRICT OF MINNESOTA, AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH OF BORROWER AND LENDER CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF THOSE COURTS. EACH OF BORROWER AND LENDER IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF THIS AGREEMENT OR ANY DOCUMENT RELATED HERETO. BORROWER AND LENDER EACH WAIVE PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED BY MINNESOTA LAW.

7.14 WAIVER OF JURY TRIAL. BORROWER AND LENDER EACH WAIVES ITS RESPECTIVE RIGHTS TO A TRIAL BY JURY OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF OR RELATED TO THIS AGREEMENT, THE OTHER LOAN DOCUMENTS, OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY, IN ANY ACTION, PROCEEDING OR OTHER LITIGATION OF ANY TYPE BROUGHT BY ANY OF THE PARTIES AGAINST ANY OTHER PARTY OR ANY PARTICIPANT OR ASSIGNEE, WHETHER WITH RESPECT TO CONTRACT CLAIMS, TORT CLAIMS, OR OTHERWISE. BORROWER AND LENDER EACH AGREES THAT ANY SUCH CLAIM OR CAUSE OF ACTION SHALL BE TRIED BY A COURT TRIAL WITHOUT A JURY. WITHOUT LIMITING THE FOREGOING, THE PARTIES FURTHER AGREE THAT THEIR RESPECTIVE RIGHT TO A TRIAL BY JURY IS WAIVED BY OPERATION OF THIS SECTION AS TO ANY ACTION , COUNTERCLAIM OR OTHER PROCEEDING WHICH SEEMS, IN WHOLE OR IN PART, TO CHALLENGE THE VALIDITY OR ENFORCEABILITY OF THIS AGREEMENT OR THE OTHER LOAN DOCUMENTS OR ANY PROVISION HEREOF OR THEREOF. THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS.

[Signature Page Follows]

IN WITNESS WHEREOF, Borrower and Lender have executed this Agreement as of the date set forth in the preamble.

SCHEDULE OF EXCEPTIONS

There are no exceptions.