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201108820
<br /> T�;I���1S A:�T} ��N���'�"1�3�1�
<br /> In �c�rts'€d��'aticsn c3f:kt�ab�v� fac:tu�l rcci�a.(s,ihe m�tt��I aar�:em�nC� set fo�•t�belou%„aazd foa��#�I�r
<br /> gEm�a�d va��iable cc��sic��:ra;i�sn, the reccipf.�ci stif�icsei�c�,`�t�r�Z.`tch axe I1�re��ackn����led���,ttie
<br /> parti.es a�r'e�as fa��ows:
<br /> �. �r�loi3ni c��:��1��,�?� .,r�. T'h�"l:h�rd Paifiy'Le���ier represents t�iat#lle Third Party,Lo��
<br /> is f�lly�d��anced and dQes not and��=i11 nct e�ceed the amo�€rit al���v��e� in the Aut��c�ri�a#ivn.
<br /> L. Sut�c�rdination a�f S{34 Loan. �:DC~a�rees#o�n�k�.�#�e �(�<� i,����tca�he �3c��-ror�•e�, s�a�ject�o
<br /> SF3.�.'s app:raval,and�c�ept a j��n�flr anc� su�orc�in�a#e posAtion in the �`c�manc�n Co�late��al��pc��the
<br /> c��d�tion#l�at'I'�ir��'ar�?�,end�r executes�hi��l.gs°�eme�tt a�x� �akes the'�'l�i�'d P�r€��Loan.
<br /> j, ��;�r°��.T�,�'��� ir n �'�e�hird F'arty- �,�ncier wvarrants and repres�nts t��t all. infi�rr�at��?n
<br /> prsavide�t� CDC, includir��, wit�out�iz�ztatiara, all i�:ft�rrz�atic�r�r��ardin�tl��Barrawer'�fin�ci�l
<br /> �,c��ditic�n, is ac�curat�tca tFze bes�nf its knc�wlcdge and�ha�T'hi�-d Partyr I��r��er l�as not wi�hl�eld�ny
<br /> an��uriaf in�°dr�n�t��n. "�hi�'�Party�eiTU�er�cknowledges €ha.t for ptarpose�f t��i�trans�ct��n, C'D�.. is
<br /> �ctiizg a��'bea�alf�� th�e SBA, an a�;enc�� ir� t��� Ur�it�d States Gov�rn��nt,�xeept t�at S�3A a�c��ts
<br /> no liabiii�y�or responsi�iiitv�fos°anr�wr�n�ful a�.t ar��nissi�?�s}�y�C_�C'. Third Pa�-�� �.�t�d�r�'urth�r
<br /> ric�now�Iec��;es t�at any�false state�n�i�ts i� C;�� ca�be cs�nsidered a ialse statemen.t to t�e ��3A, a�d
<br /> th���I7�and tk��� �t3,�r, are r���'ing t�pc�n th� intc��m�t��n subn�ittcd by th�'I'hii�dPar��Lentier.
<br /> �, �r 'iv�r•c��''r�yi:slc��',�1€LSLEncu�her C:g�1Lt1+�7 C's�llat�xal., If�nv t�#th�T�i�'c�Pa�v
<br /> ��nder's dac��rr,���is ev�de�aczrz�t��Thi�'d P�rt�La�n andr`ar"1 hirc�Partv Len��r�.:ien ean�a�n
<br /> prc�iisi�ns t�at p�°ohx�it further entiumb�•�nc�s ot�the�`c?���an Cr�ll��er�l t��'stst��ec�i�tale d�:b#b�'the
<br /> �crrt�ti�r�er�r�v�hic�restrict�grr�wer's ability t� as�i��� its Ieas�c�ai,or rent�, ir�cc�n�e ar pr���ts�'�'c���,
<br /> tlie �omrr�a�n C�1�atGr�1,the�i'�'hir�1'��y�L�azd�r w�iv�es its right�o enforce sctcl�provisions as tlley
<br /> tn�y appI��to t���; 50� L,i�an and the�'�C �:ier�.
<br /> S. !�":s�I17�lia�t��with 5�� �c�tin�rc��r�rn�et���ir��ents. Third�arty'L�nder a�re2s�hat a.il
<br /> c�c�ctiinents��>ic3encin�tt��Thircl Paz�ty�,oarz��ci Fhc;�'l�irc��2arty I,end�r�,icn will compl_y��,vit�3#�e �t��
<br /> Lo�i�.Prc��a�an�re�iiire��ents as establislaed bv the ���an� i��cludin�t��ose ide�i�i�i�c� irt tki�fullc�tivin�;
<br /> sub�ara�raplis d��d in th�eventi th�t it i�r�eterniin�d that on�or more �f t�e�rovisic,�s i��suc�l
<br /> �ioeu�eni�s do�ot c�+�xzp��'�v��t��ar����f'th�se�D��.�a�Prc�yrai-�req�a�re�nentS,'T"��ird�arty�Lender
<br /> a�rees#o�r�ive th�ri�h.t#� e�sfarc,,all su:,h�ro�{i�i�o�7�.
<br /> a. �,7+� ��e�-�-Ensled�'eatures and?+iQ Fu#tir� E���za�t�:�s�,Th�T�tzrd�'arty Lc�a�3 mrist nc�t
<br /> be op�n-ez�der�. .Af#�r c�nspleti���f t�3e project,tlle Third Partv Lenc��r���a�n,�fi rnaice futt,�r�
<br /> advz�nces �rtd�z't�te T�air�i]Part}•�Lc�an excupt:;xpenc��t��res tc�ctalteGt ihe am�unts t�ue th�Thrrd
<br /> �'art;�i.c�an'xotesa m���t�i�1 c:c�lia��ral ��r3 prote�:t�he T'��irc�a��rty�L�nde�`s li� pasition on ih�"I'��ird
<br /> �'a��°L�an.
<br /> �+. �o�,ar�v �a[� oc�emar���F'ra��isio�s. Thirrl Party�L,e���er a�rees that T�zrti F'a�'f;�r
<br /> L.�a�a�usk nc�t coFiiain an�� ear�y ca13 featc�r��r cc�ntaan anv dema�d �arc��iisr'c�ns a.�l�ss#h� ic��z�
<br /> �,s iz7 d��`au��.
<br /> c. Na�'A'as -C:oIl�tera(ization. �'hird�'arty Lend�r��ee:s that the Comm�an Coti���rat
<br /> is nat�ro�v; anc�will nc�t l�s�i�i the future, s�c�rit�for any'c�ther�na�uin�pravzdec�b���Third�'a_rt'yr
<br /> iaender�o B�rrower�t��er tlhan t�e�"]�rrd F?arty I�oa�l in a super���prasiti�as�o that c�f t�e GF)C" tie:n
<br /> ta��les��:E�tlxc�r�zeii in writi����:� C�G 3iid�B�.
<br /> SBA�a�2287(Septeanb�r�[}l(3) ?.
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