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�0�208290 Such calculation shall also include unused lines of credit for the benefit of any one or more of the Borrowers from Pedcor Bancorp, Pedcor Financial, LLC, Pedcor Capital, Pedcor Funding Corp., Pedcor Financial Bancorp or Pedcor Residential; (b) (i) The sum of (1) the individual Borrowers' net worth plus (2) The members' equity of Pedcor Investments, A Limited Liability Company which is not included in the individual Guarantors' net worth, shall not be less than $50,000,000.00 as of June 30 or December 31 of any year, or (ii) as of June 30 or December 31 of any calendar yeaz, Pedcor Investments, A Limited Liability Company's ratio of debt (not including any debt payable to entities more than 50% owned by the individual Borrowers) to members' equity (calculated Prior to the application of Interpretation No. 46 of the Financial Accounting Standards Board) shall not be above 2:1." 6. The Loan Agreement is further amended and modified so as to provide that Section 5.12 Conditions of Pedcor Bancorp of the Loan Agreement is hereby deleted in its entirety and replaced with the following: "5.12 Condition of Pedcor Bancorp. At all times Pedcor Bancorp must: (a) maintain its Tier I Capita.l of at least the greater of 15 times the amount of the Letter of Credit or $38,250,000.00, and (b) maintain its capital ratios shall exceed by at least 20% the "well capitalized" levels established by federal banking authorities for regulatory capita.l purposes as follows: (i) Tier 1 Capital Ratio of 6.00%, (ii) Tier 1 Risk Based Capital Ratio of 7.20%, and (iii) Total Risk Based Capital Ratio of 12.00%." 7. Borrower shall deliver to Lender on the date of this Agreement either: (a) fully- executed amendments and modifications to the Letter of Credit which are satisfactory to Lender and its legal counsel which reduce the amount of the Letter of Credit from Two Million Five Hundred Fifty Thousand and 00/100 Dollars ($2,550,000.00) to Nine Hundred Thousand and 00/100 Dollars ($900,000.00) or a new letter of credit in the amount of Nine Hundred Thousand and 00/100 Dollars ($900,000.00) (the "2012 Letter of Credit") dated an even date herewith and which 2012 Letter of Credit sha11 be issued upon the same terms as the Letter of Credit, except for the amount thereof, and if Borrower elects to provide to Lender the 2012 Letter of Credit, the 2012 Letter of Credit shall replace in its entirety the Letter of Credit. 8. The Loan Agreement is further amended and modified so as to provide that Section 9.26 Release of Collateral is hereby deleted in its entirety and replaced with the following: "9.26 Release of Collateral. Upon the sale of any of the real estate which is subject to the Additional Mortgages, such applicable Additional Mortgage shall 5 MORIMD:1080698 Grand Island:August 20, 2012