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<br />'. <br /> <br />.Sm3ll Business Administration <br />l1arch;>7, 1980 <br />Page two <br /> <br />I <br /> <br />This agreement shall constitute a continuing agreement <br />of subordination by NML and the City until such time as all liability <br />and indebtedness owed by Borrower to.}Iidland and SBA have been paid <br />and satisfied or until Midland and SBA shall have released or satisfied <br />their security interest with respect to each item of Borrower's <br />e"guipment. . <br /> <br />The foregoing subordination spall pertain to all items <br />described in Exhibit "A attached hereto, notwithstanding that any <br />of such items are or mat be deemed fixtures. . . <br /> <br />* <br /> <br /> <br />CITY OF NEW BRIGHTON <br /> <br />By <br />Its <br /> <br />The foregoing agreement is consented to and is acknowledged_ <br /> <br />I <br /> <br />WOLKERSTORFER COl''iP ANY, INC. <br /> <br />By <br />William J. Wolkerstorf~r <br />Its Vice President <br /> <br />* <br /> <br />Notwithstanding anything herein to the contrary, the Subordination pro- <br />vided herein with respect to fixtures shall be limited to those items of <br />equipment listed on Exhibit A (and replacements thereof) which may be <br />deemed fixtures under the Minnesota Uniform Commercial Code. <br /> <br />I <br />