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• EXHIBIT K <br />11 <br />0 <br />City's Permitted Encumbrances and Objections <br />Permitted Encumbrances: <br />• Building and zoning laws, ordinances, state and federal regulations <br />• Reservation of minerals or mineral rights to the State of Minnesota; <br />• License agreement as provided at paragraph 12 of the preceding Agreement; <br />• Exceptions as noted at Schedule B — Section 11, paragraphs 13, 14, 15, 16, 17, 18, 19, 21, <br />22 and 23 of Commitment No. 282169 2" d Supplemental, dated April 28, 2008 at 7:00 <br />a.m. and issued by Land Title, Inc. on behalf of Chicago Title Insurance Company <br />Objections: <br />Exceptions as noted at Schedule B — Section 11, paragraphs 1 through 12 and 20 of <br />Commitment No. 282169 2°d Supplemental, dated April 28, 2008 at 7:00 a.m, and issued <br />by Land Title, Inc. on behalf of Chicago Title Insurance Company <br />J-4 <br />