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<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> ESTOPPEL CERTIFICATE <br /> <br />Date: February 28, 2017 <br />Krishna Holdings, LLC <br />c/o Hinshaw & Culbertson LLP <br />333 South Seventh Street, Suite 2000 <br />Minneapolis, MN 55402 <br />Attn: Michael T. Hatting <br />Email: mhatting@hinshawlaw.com <br /> <br />Cardiovascular Systems, Inc. <br />c/o Fredrikson & Byron, P.A. <br />200 South Sixth Street, Suite 4000 <br />Minneapolis, MN 55402 <br />Attn: Christopher J. Dolan <br />Email: cdolan@fredlaw.com <br /> <br />RE: Declaration of Covenants and Restrictions executed by Cardiovascular Systems, Inc. (“CSI”) <br />dated June 11, 2014, and recorded June 12, 2014 as Document No. 2507435; and <br />Resolution No. 14-046, dated June 2, 2014, recorded July 3, 2014 as Document No. <br />2507423 (collectively, the “Agreements”), relating to CSI’s construction and development of <br />certain premises located at 1225 Old Hwy 8 NW , New Brighton, MN (the “Premises”). <br /> <br />Dear Mr. Hatting and Mr. Dolan: <br /> <br />We understand that CSI and Krishna Holdings, LLC (“Krishna”) have entered into that certain <br />Purchase and Sale Agreement dated December 29, 2016, as amended, whereby CSI will convey <br />the Premises to Krishna and Krishna will lease the Premises back to CSI (the “Sale-Leaseback”). <br />CSI and Krishna have requested the City of New Brighton (the “City”) provide certain statements and <br />certifications to CSI and Krishna as part of the Sale-Leaseback. <br /> <br />The City hereby states to CSI and Krishna as follows: <br /> <br />1. To the best knowledge of the undersigned without conducting an independent <br />investigation, all requirements of CSI under the Agreements have been satisfied to <br />date; <br />2. To the best knowledge of the undersigned without conducting an independent <br />investigation, no event has occurred that, with the passage of time or the giving of <br />notice or both, would result in a default under the Agreements; and <br />