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�Q120��90 points (one hundred (100) basis points being equal to one percent (1%) per annum). (b) Monthlv LIBOR Ra.te Option. Under the Monthly LIBOR Rate Option the term Applicable Interest Rate sha11 mean the per annum rate equal to the One Month LIBOR Rate plus four hundred twenty-five (425) basis points." 4. The Loan Agreement is further amended and modified so as to provide that Section 5.1 Financial Statements; Reports of the Loan Agreement is hereby deleted in its entirety and replaced with the following: "5.1 Financial Statements; Reports. In addition to any other financial statements required to be delivered to Lender pursuant to the provisions of any of the other Loan Documents, Borrowers shall, from time to time, furnish to or cause to be furnished to Lender the following: (a) within one hundred twenty (120) days after the end of each calendar year or within ten (10) days of any other request from Lender (but not more often than monthly), verification from each Borrower as to documentation supporting the liquidity requirements contained in Section 5.11 of this Agreement; (b) within one hundred eighty (180) days after the end of each calendar year, audited financial statements of Pedcor Investments, A Limited Liability Company, on a combined, consolidated and consolidating basis, prepared in accordance with sound accounting principles consistently applied and certified by independent certified public accountants satisfactory to Lender, containing a balance sheet and statements of income and surplus of Pedcor Investments, A Limited Liability Company, along with any management letters written by such accountants; (c) immediately upon becoming awaxe of the existence of any condition or event which constitutes an Event of Default, a written notice specifying the nature and period of existence thereof and what action Borrowers are taking or proposes to take with respect thereto; (d) within thirty (30) days from filing each calendaz year, a copy of the federal income tax return and supporting schedule and exhibits for Borrowers for the calendar year then ended; (e) within one hundred eighty (180) days after June 30 of each calendar year, personal financial statements of and certified by Bruce A. Cordingley and Phillip J. Stoffregen and within one hundred eighty (180) days after December 31 of each year, personal fmancial statements of and certified by Bruce A. Cordingley and Phillip J. Stoffregen on Lender's personal financial sta.tement form; 3 MORIlVID:1080698 Grand Island:August 20, 2012