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202401647 b. The "Note Rate" shall be a fixed rate of percent ( 7.90% %)and the amortization period will be nineteen (19) years and six (6) months. c. The Maturity Date under the Loan Documents will be extended from March 31, 2024 to March 31, 2027. Now, therefore, it is hereby agreed by and among the parties as follows: 5. Incorporation of Preliminary Matters. All of the provisions and statements in the foregoing Preliminary Matters are affirmed by Lender and Borrower. 6. Third Modified Promissory Note. On May 31, 2019, Borrower executed and delivered to Lender a Third Modified Promissory Note in the amount of $11,874,080.95 (the "Third Modified Note"), as subsequently amended in 2021, which the parties agree shall remain in effect as modified below. that: 7. Loan Document Modifications. Effective upon the execution hereof: a. The reference to the scheduled Maturity Date of the Promissory Note as set forth in the Deed of Trust is hereby modified from March 31, 2024 to March 31, 2027; b. Section 1 of the Third Modified Note is hereby amended and restated as follows: 1. The term "Note Rate" as used herein, shall mean a fixed rate of ( 7.90%). c. Section 2 of the Third Modified Note is hereby amended and restated as follows: 2. Repayment. The said principal sum, together with interest upon the outstanding principal balance from time to time shall be repaid in installments as follows: (a) Borrower shall commence principal and interest payments to Lender in consecutive monthly installments on the 1st day of each month commencing on the 1st day of May, 2024, based upon the Note Rate, the principal amount of the Loan, and an amortization period of nineteen (19) years and six (6) months; (b) The entire principal balance of the Loan, together with accrued interest and any other sums due hereunder, if not sooner paid, shall be paid in full on March 31, 2027 (the "Maturity Date"). d. Except as modified herein, all of the terms, conditions and provisions of the Loan Documents are hereby ratified and confirmed and shall remain in full force and effect. 8. Representations and Warranties. Borrower hereby represents and warrants to Lender a. To Borrower's knowledge, each of the representations and warranties set forth in this Agreement and in the Loan Documents amended hereby are true and correct as of the date hereof; 3