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202406660 LOAN AGREEMENT This Loan Agreement (this "Agreement") is made as ofbecember 27, 2024 by and between Central Nebraska Growth Foundation, a Nebraska non-profit corporation (the "Lender"), Innate 8, LLC, a Nebraska limited liability company, an affiliate of Full Circle Services, Inc., a Nebraska corporation dba Innate Concepts (the "Borrower"), and Scott Rief (the "Guarantor"). ARTICLE 1 AMOUNT AND TERMS OF THE LOAN Section 1.01 Loan. The Lender agrees on the terms and conditions contained in this Agreement, to make a Loan to Borrower in the principal amount of up to Seven -Hundred and Fifty Thousand and No/100 Dollars ($750,000.00) from Nebraska Affordable Housing Trust Fund ("NAHTF") funds granted to the Lender by the Department through the Program and received pursuant to the Contract (the "Loan"). The Loan shall be evidenced by this Loan Agreement, the Note, the Guaranty and the Deed of Trust; all of even date herewith, all as may be amended from time to time, all of which are referred to collectively herein as the "Loan Documents". Section 1.02 Financial Match Commitment. The Project requires a $200,000 matching contribution (the "Matching Contribution"). The Matching Contribution shall be funded as follows: $50,000 by the Lender and $150,000 by Borrower. The Matching Contribution shall be used for initial construction expenses on a first use basis prior to any other funds being used and shall be funded on a pro rata basis by Lender and Borrower until the Matching Contribution is fully funded. The Matching Contribution is not part of the Loan. Section 1.03 Advances. On a monthly basis after the Matching Contribution has been fully funded, Borrower may request Advances of the Loan. In order to request an Advance, Borrower shall provide Lender with invoices and proof of payment of such invoices equal to the amount of the Advance and any other documentation required by the Department in order for Lender to receive an advance of NAHTF funds under the Contract (such information, the "Advance Documentation"). No later than five (5) days after Lender receives all of the Advance Documentation from Borrower, Lender shall request an advance from the Department under the Contract of an amount equal to the amount requested in the Advance Documentation. Within five (5) days of receipt of the amount requested from the Department, Lender shall advance the amount received from the Department to Borrower. Advances may not be requested more than once per month and any amounts that have been advanced and subsequently repaid by Borrower shall not be readvanced. Section 1.04 Administrative Funds. Lender agrees to administer the funds in exchange for $20,000 of administrative funding and $75,000 of housing management fees from the NAHTF funds. Section 1.05 Computation of Interest. The Note evidencing the Loan shall bear interest at the rate of zero percent (0%) per year.