EX-10.1 2 tm2517799d1_ex10-1.htm EXHIBIT 10.1
Exhibit 10.1

| REAFFIRMATION, JOINDER AND SECOND AMENDMENT TO MASTER CREDIT FACILITY AGREEMENT This REAFFIRMATION, JOINDER AND SECOND AMENDMENT TO MASTER CREDIT FACILITY AGREEMENT (this "Amendment") is made as of May 30, 2025, by and among (a) (1) the entities identified as Original Borrower set forth on Schedule I attached hereto (individually and collectively, "Original Borrower") and (2) the entity identified as Additional Borrower set forth on Schedule I attached hereto ("Additional Borrower"; together with Original Borrower, "Borrower"); (b) KEYBANK NATIONAL ASSOCIATION, a national banking association ("Original Lender"); and (c) FANNIE MAE, a corporation duly organized under the Federal National Mortgage Association Charter Act, as amended, 12 U.S.C. §1716 et seq., and existing under the laws of the United States ("Fannie Mae"). RECITALS A. Original Borrower and Original Lender are parties to or have joined into that certain Master Credit Facility Agreement dated as of November 30, 2021 (as amended, restated, replaced, supplemented, or otherwise modified from time to time, the "Master Agreement"). B. All of Original Lender's right, title and interest in the Master Agreement and the Loan Documents executed in connection with the Master Agreement or the transactions contemplated by the Master Agreement have been assigned to Fannie Mae pursuant to that certain Assignment of Master Credit Facility Agreement and Other Loan Documents, dated as of November 30, 2021, and Fannie Mae is the holder of each Note made prior to the date hereof. Further, Original Lender intends to sell, transfer and deliver to Fannie Mae any Note made pursuant to the Master Agreement on or after the date hereof. Fannie Mae has designated Original Lender as the servicer of the Advances made and contemplated by the Master Agreement. Notwithstanding the foregoing, Fannie Mae has not assumed (i) any of the obligations of Original Lender under the Master Agreement to make Future Advances, or (ii) any of the obligations of Original Lender which are servicing obligations delegated to Original Lender as servicer of the Advances. Accordingly, all references to "Lender" in this Amendment and the Loan Documents shall be deemed to be (a) "Original Lender" with respect to any Future Advances made under the Master Agreement and any servicing obligations with respect to the Outstanding Advances, and (b) "Fannie Mae" with respect to the Outstanding Advances sold to and held by Fannie Mae. C. Borrower has requested that Lender make one or more Future Advances pursuant to the Master Agreement and that the Mortgaged Property commonly known as Hamilton Highlands located in Norfolk County, Massachusetts (the "Additional Mortgaged Property") be added to the Collateral Pool. D. Additional Borrower desires to join into the Master Agreement as if it were an Original Borrower thereunder. Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Form 6601.MCFA Page 1 Fannie Mae 12-22 © 2022 Fannie Mae HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v5

| E. The parties are executing this Amendment pursuant to the Master Agreement to reflect (i) the making of a Future Advance by Lender in the amount of $18,664,000, and a Future Advance by Lender in the amount of $40,000,000 (individually and collectively, the "Future Advance"); (ii) the addition of the Additional Mortgaged Property to the Collateral Pool; and (iii) the joinder of Additional Borrower into the Master Agreement and other Loan Documents as if it were an Original Borrower thereunder. AGREEMENTS: NOW, THEREFORE, the parties hereto, in consideration of the mutual promises and agreements contained in this Amendment and the Master Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, hereby agree as follows: Section 1. Recitals. The recitals set forth above are incorporated herein by reference as if fully set forth in the body of this Amendment. Section 2. Capitalized Terms. All capitalized terms used in this Amendment which are not specifically defined herein shall have the respective meanings set forth in the Master Agreement. Section 3. Future Advance. In connection with this Amendment, Lender is making the Future Advance to Borrower. Section 4. Addition of Mortgaged Property. The Additional Mortgaged Property is hereby added to the Collateral Pool under the Master Agreement. Section 5. Joinder. Additional Borrower hereby joins the Master Agreement and Loan Documents as if it were an Original Borrower thereunder. Borrower agrees that all references to "Borrower" in the Loan Documents (including, but not limited to, the Master Agreement and the Note) shall be deemed to include Additional Borrower and Original Borrower, and all references to "Mortgaged Property" in the Loan Documents (other than the Security Instruments executed by Original Borrower) shall be deemed to include the Additional Mortgaged Property. Section 6. Summary of Master Terms. The Summary of Master Terms attached to the Master Agreement is hereby amended by deleting Section I of the Summary of Master Terms and replacing it with Section I of the Summary of Master Terms attached hereto. Section 7. Schedule of Advance Terms. The Schedule of Advance Terms attached to the Master Agreement is hereby supplemented with Schedule 3.3 and Schedule 3.4 attached hereto. Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Fannie Mae HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v5 Form 6601.MCFA 12-22 Page 2 © 2022 Fannie Mae

| Section 8. Prepayment Premium Schedule. The Prepayment Premium Schedule attached to the Master Agreement is hereby supplemented with Schedule 4.3 and Schedule 4.4 attached hereto. Section 9. Required Replacement Schedule. The Required Replacement Schedule attached to the Master Agreement is hereby supplemented with Schedule 5.2 attached hereto. Section 10. Required Repair Schedule. The Required Repair Schedule attached to the Master Agreement is hereby supplemented with Schedule 6.2 attached hereto. Section 11. Ownership Interests Schedule. The Ownership Interests Schedule attached to the Master Agreement is hereby amended by deleting Schedule 13 and replacing it with Schedule 13 attached hereto. Section 12. Agreement Restricting Rent, Income, or Both. Schedule 21 and Schedule 21-A attached hereto are hereby added to the Master Agreement. Section 13. Exhibit A. Exhibit A to each of the Master Agreement and the Environmental Indemnity Agreement is hereby deleted in its entirety and replaced with Exhibit A attached hereto. Section 14. Authorization. Borrower represents and warrants that Borrower is duly authorized to execute and deliver this Amendment and is and will continue to be duly authorized to perform its obligations under the Master Agreement, as amended hereby. Section 15. Compliance with Loan Documents. The representations and warranties set forth in the Loan Documents executed or assumed by Borrower, as amended hereby, are true and correct with the same effect as if such representations and warranties had been made on the date hereof, except for such changes as are specifically permitted under the Loan Documents. In addition, Borrower has complied with and is in compliance with all of its covenants set forth in the Loan Documents, as amended hereby. Section 16. No Event of Default. Borrower represents and warrants that, as of the date hereof, no Event of Default under the Loan Documents executed or assumed by Borrower, as amended hereby, or event or condition which, with the giving of notice or the passage of time, or both, would constitute an Event of Default, has occurred and is continuing. Section 17. Costs. Borrower agrees to pay all fees and costs (including attorneys' fees) incurred by Lender in connection with this Amendment. Section 18. Continuing Force and Effect of Loan Documents. Except as specifically modified or amended by the terms of this Amendment, all other terms and provisions of the Master Agreement and the other Loan Documents are incorporated by reference herein and in all respects shall continue in full force and effect including Section 15.01 (Choice of Law; Consent to Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Form 6601.MCFA Page 3 Fannie Mae 12-22 © 2022 Fannie Mae HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v5

| Jurisdiction), Section 15.02 (Waiver of Jury Trial), Section 15.05 (Counterparts), Section 15.08 (Severability; Entire Agreement; Amendments) and Section 15.09 (Construction) of the Master Agreement. Each Borrower, by execution of this Amendment, hereby reaffirms, assumes and binds itself to all of the obligations, duties, rights, covenants, terms and conditions that are contained in the Master Agreement and the other Loan Documents executed or assumed by it. [Remainder of Page Intentionally Left Blank] Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Fannie Mae HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v5 Form 6601.MCFA 12-22 Page 4 © 2022 Fannie Mae

| IN WITNESS WHEREOF, the parties hereto have signed and delivered this Amendment under seal (where applicable) or have caused this Amendment to be signed and delivered under seal (where applicable) by their duly authorized representatives. Where Applicable Law so provides, the parties hereto intend that this Amendment shall be deemed to be signed and delivered as a sealed instrument. ORIGINAL BORROWER: COMMONWEALTH 1144 LIMITED PARTNERSHIP, a Massachusetts limited partnership By: Commonwealth Apartments, Inc., a Massachusetts corporation, its General Partner By: (SEAL) Name: onald Brown Title: President COMMONWEALTH 1137 LIMITED PARTNERSHIP, a Massachusetts limited partnership By: Commonwealth Gardens, Inc., a Massachusetts corporation, its General Partner By: (SEAL) Name: Ronald Brown Title: President NORTH BEACON 140 LIMITED PARTNERSHIP, a Massachusetts limited partnership IC A Courtyard on North Beacon, Inc., a Massachusetts corporation, its General Partner By: (SEAL) Name: Ronald Brown Title: President Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Fannie Mae HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v2 Form 6601.MCFA 12-22 Page S-1 C© 2022 Fannie Mae

| EXECUTIVE APARTMENTS LIMITED PARTNERSHIP, a Massachusetts limited partnership By: Executive Apartments, Inc., a Massachusetts corporation, its General Partner By: (SEAL) Name- ona Brown Title: President HAMILTON OAKS ASSOCIATES, LLC, a Delaware limited liability company By: NewReal, Inc., a Massachusetts corporation, its Manager By: (SEAL) Nam . on Brown Title: President HIGHLAND 38 LIMITED PARTNERSHIP, a Massachusetts limited partnership Highland 38, Inc., a Massachusetts corporation, its General Partner By: (SEAL) Name: Ronald Brown Title: President Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Fannie Mae HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v2 Form 6601.MCFA 12-22 Page S-2 © 2022 Fannie Mae

| OLDE ENGLISH APARTMENTS LIMITED PARTNERSHIP, a Massachusetts limited partnership By: Olde English Apartments, Inc., a Massachusetts corporation, its General Partner By: (SEAL) NameV- ona4ldrown Title: President REDWOOD HILLS LIMITED PARTNERSHIP, a Massachusetts limited partnership By: Redwood Hills, Inc., a Massachusetts corporation, its General Partner By: EAL) Name: Ronald Brown Title: President RIVER DRIVE LIMITED PARTNERSHIP, a Massachusetts limited partnership River Drive, Inc., a Massachusetts corporation, its General Partner By: IIIIIII ≥ —SEAL) Name: onald Brown Title: President Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Fannie Mae HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v2 Form 6601.MCFA 12-22 Page S-3 © 2022 Fannie Mae

| WCB ASSOCIATES, LLC, a Delaware limited liability company By: NewReal, Inc., a Massachusetts corporation, its Manager By: AL) Name: Ronald Brown Title: President CLOVELLY APARTMENTS LIMITED PARTNERSHIP, a Massachusetts limited partnership By: Clovelly Apartments, Inc., a Massachusetts corporation, its General Partner By: (SEAL) Name: onald Brown Title: President WESTGATE APARTMENTS BURLINGTON, LLC, a Delaware limited liability company I~ NewReal, Inc., a Massachusetts corporation, its Manager By: EAL) Name: onald Brown Title: President Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Fannie Mae HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v2 Form 6601.MCFA 12-22 Page S-4 © 2022 Fannie Mae

| SCHOOL STREET 9, LLC, a Delaware limited liability company By: NewReal, Inc., a Massachusetts corporation, its Manager SEAL) Name. Ronald Brown Title: President NERA DEAN STREET ASSOCIATES, LLC, a Delaware limited liability company By: NewReal, Inc., a Massachusetts corporation, its Manager By: (SEAL) Name: Ronald Brown Title: President WESTGATE APARTMENTS, LLC, a Delaware limited liability company NewReal, Inc., a Massachusetts corporation, its Manager By: (SEAL) Name: Ronald Brown Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Fannie Mae HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v2 Title: President Form 6601.MCFA 12-22 Page S-5 © 2022 Fannie Mae

| ADDITIONAL BORROWER: HAMILTON HIGHLANDS, LLC, a Massachusetts limited liability company NewReal, Inc., a Massachusetts corporation, its Manager By: (SEAL) Name onald Brown Title: President Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Fannie Mae HAMILTON (NERA)/KeyBainc (2021 MCFA) 65624749-v2 Form 6601.MCFA 12-22 Page S-6 cO 2022 Fannie Mae

| ORIGINAL LENDER: KEYBANK NATIONAL ASSOCIATION, a national banking association By: (SEAL) Name: elly odgett Title: Vice President Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Fannie Mae HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v3 Form 6601.MCFA 12-22 Page S-7 © 2022 Fannie Mae

| FANNIE MAE: FANNIE MAE By: 41t ?Lt::L (SEAL) Name: Michael W. Dick Title: Assistant Vice President Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Fannie Mae HAMILTON (NERA)KeyBsank (2021 MCFA) 65624749-v2 Form 6601.MCFA 12-22 Page S-8 © 2022 Fannie Mae

| SCHEDULEI Borrower Original Borrower (a) COMMONWEALTH 1144 LIMITED PARTNERSHIP, a Massachusetts limited partnership (b) COMMONWEALTH 1137 LIMITED PARTNERSHIP, a Massachusetts limited partnership (c) NORTH BEACON 140 LIMITED PARTNERSHIP, a Massachusetts limited partnership (d) EXECUTIVE APARTMENTS LIMITED PARTNERSHIP, a Massachusetts limited partnership (e) HAMILTON OAKS ASSOCIATES, LLC, a Delaware limited liability company (f) HIGHLAND 38 LIMITED PARTNERSHIP, a Massachusetts limited partnership (g) OLDE ENGLISH APARTMENTS LIMITED PARTNERSHIP, a Massachusetts limited partnership (h) REDWOOD HILLS LIMITED PARTNERSHIP, a Massachusetts limited partnership (i) RIVER DRIVE LIMITED PARTNERSHIP, a Massachusetts limited partnership (j) WCB ASSOCIATES, LLC, a Delaware limited liability company (k) CLOVELLY APARTMENTS LIMITED PARTNERSHIP, a Massachusetts limited partnership (1) WESTGATE APARTMENTS BURLINGTON, LLC, a Delaware limited liability company (m) SCHOOL STREET 9, LLC, a Delaware limited liability company (n) NERA DEAN STREET ASSOCIATES, LLC, a Delaware limited liability company (o) WESTGATE APARTMENTS, LLC, a Delaware limited liability company Additional Borrower (p) HAMILTON HIGHLANDS, LLC, a Massachusetts limited liability company Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Fannie Mae HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v5 Form 6601.MCFA 12-22 Page 1 © 2022 Fannie Mae

| SCHEDULES AND EXHIBITS The Schedules and Exhibits list attached to the Master Agreement is hereby deleted in its entirety and restated as follows: Schedules Schedule 1 Definitions Schedule — General Schedule 2 Summary of Master Terms Schedule 3.1 Schedule of Advance Terms Schedule 3.2 Schedule of Advance Terms Schedule 3.3 Schedule of Advance Terms Schedule 3.4 Schedule of Advance Terms Schedule 4.1 Prepayment Premium Schedule Schedule 4.2 Prepayment Premium Schedule Schedule 4.3 Prepayment Premium Schedule Schedule 4.4 Prepayment Premium Schedule Schedule 5 Required Replacement Schedule Schedule 5.1 Supplement to Required Replacement Schedule Schedule 5.2 Supplement to Required Replacement Schedule Schedule 6 Required Repair Schedule Schedule 6.1 Supplement to Required Repair Schedule Schedule 6.2 Supplement to Required Repair Schedule Schedule 7 General Conditions Schedule Schedule 8 Property-Related Documents Schedule Schedule 9 Conversion Schedule Schedule 10 Mortgaged Property Release Schedule Schedule 11 Mortgaged Property Addition Schedule Schedule 12 [Intentionally Deleted] Schedule 13 Ownership Interests Schedule Schedule 14 Future Advance Schedule Schedule 15 Letter of Credit Schedule Schedule 16 Exceptions to Representations and Warranties Schedule Schedule 17 SPE Requirements Schedule Form 6104.01.MCFA [05- 20] Form 6104.01.MCFA [05- 20] Form 6104.01.MCFA [05- 20] Form 6104.01.MCFA [05- 20] Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Schedules and Exhibits HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v5 Form 6601.MCFA 12-22 Page 1 © 2022 Fannie Mae

| Schedule 18 Waiver of Imposition Deposits Form 6228.MCFA [04-12] Schedule 19 Replacement Reserve Waiver Form 6220 [modified] [08-14] Schedule 19-A Addenda to Schedule 2 — Replacement Reserve Waiver Form 6102.04 [04- 12] Schedule 20 Legal Non-Conforming Status Form 6275 [modified] [04-22] Schedule 21 Agreement Restricting Rent, Income, or Both Form 6253 [modified] [05-24] Schedule 21-A Addenda to Schedule 2 — Agreement Restricting Rent, Form 6102.23 Income, or Both [modified] [11-23] Exhibits Exhibit A Schedule of Mortgaged Properties and Initial Valuations Exhibit B Conversion Request Exhibit C Release Request Exhibit D Addition Request Exhibit E Future Advance Request Exhibit F [Intentionally Deleted] Exhibit G Annual Certification (Borrower) Exhibit H [Intentionally Deleted] Exhibit I Confirmation of Guaranty Exhibit J Confirmation of Environmental Indemnity Agreement Exhibit K-I Organizational Certificate (Borrower) Exhibit K-2 [Intentionally Deleted] Exhibit L Confirmation of Obligations Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Form 6601.MCFA Page 2 Schedules and Exhibits 12-22 © 2022 Fannie Mae HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v5

| Borrower hereby acknowledges and agrees that the Schedules and Exhibits referenced above are hereby incorporated fully into this Master Agreement by this reference and each constitutes a substantive part of this Master Agreement. Borrower Initials Borrower Initials Borrower Initials Borrower nitials Borrower Initials Borrower Initials Borrower Initials Borrower Initials Y n Borrower Initials Borrower Initials / 2 17 Borrower Initials orrower Initials Borrower Initials Borrower Initials /27 Borrower Initials Borrower Initials Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Schedules and Exhibits HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v2 Form 6601.MCFA 12-22 Initial Page © 2022 Fannie Mae

| SCHEDULE2 TO MASTER CREDIT FACILITY AGREEMENT Summary of Master Terms I. GENERAL PARTY AND MULTIFAMILY PROJECT INFORMATION (a) COMMONWEALTH 1144 LIMITED PARTNERSHIP, a Massachusetts limited partnership (b) COMMONWEALTH 1137 LIMITED PARTNERSHIP, a Massachusetts limited partnership (c) NORTH BEACON 140 LIMITED PARTNERSHIP, a Massachusetts limited partnership (d) EXECUTIVE APARTMENTS LIMITED PARTNERSHIP, a Massachusetts limited partnership (e) HAMILTON OAKS ASSOCIATES, LLC, a Delaware limited liability company (f) HIGHLAND 38 LIMITED PARTNERSHIP, a Massachusetts limited partnership Borrower (g) OLDE ENGLISH APARTMENTS LIMITED PARTNERSHIP, a Massachusetts limited partnership (h) REDWOOD HILLS LIMITED PARTNERSHIP, a Massachusetts limited partnership (i) RIVER DRIVE LIMITED PARTNERSHIP, a Massachusetts limited partnership (j) WCB ASSOCIATES, LLC, a Delaware limited liability company (k) CLOVELLY APARTMENTS LIMITED PARTNERSHIP, a Massachusetts limited partnership (1) WESTGATE APARTMENTS BURLINGTON, LLC, a Delaware limited liability company (m) SCHOOL STREET 9, LLC, a Delaware limited liability company (n) NERA DEAN STREET ASSOCIATES, LLC, a Delaware limited liability company Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Schedule 2 (Summary of Master Terms) HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v5 Form 6001.MCFA 12-22 Page 1 © 2022 Fannie Mae

| (o) WESTGATE APARTMENTS, LLC, a Delaware limited liability company (p) HAMILTON HIGHLANDS, LLC, a Massachusetts limited liability company Lender KEYBANK NATIONAL ASSOCIATION, a national banking association (a) NEW ENGLAND REALTY ASSOCIATES Key Principal LIMITED PARTNERSHIP, a Massachusetts limited partnership (b) JAMESON BROWN Guarantor N/A (a) Commonwealth Apartments (b) Commonwealth Gardens (c) Courtyard at North Beacon (d) Executive Apartments (e) Hamilton Oaks (f) Highland Street Apartments (g) Olde English Village Multifamily Project (h) Redwood Hills (i) River Drive Apartments (j) Westside Colonial Apartments (k) Clovelly Apartments (1) Courtyard at Westgate (m) Hamilton Village (n) Stonebridge Apartments (o) Westgate Apartments (p) Hamilton Highlands Commonwealth Apartments ❑ Yes ® No Affordable Housing Property Commonwealth Gardens ❑ Yes ® No Courtyard at North Beacon ❑ Yes Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Schedule 2 (Summary of Master Terms) HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v5 Form 6001.MCFA 12-22 Page 2 © 2022 Fannie Mae

| No Executive Apartments ❑ Yes No Hamilton Oaks ❑ Yes ® No Highland Street Apartments ❑ Yes ® No Olde English Village ❑ Yes No Redwood Hills ❑ Yes ® No River Drive Apartments ❑ Yes ® No Westside Colonial Apartments ❑ Yes ® No Courtyard at Westgate ❑ Yes ® No Hamilton Village ❑ Yes ® No Stonebridge Apartments ❑ Yes ® No Westgate Apartments ❑ Yes ® No Form 6001.MCFA 12-22 Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Schedule 2 (Summary of Master Terms) HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v5 Page 3 © 2022 Fannie Mae

| Hamilton Highlands ❑ Yes ® No ADDRESSES Borrower's General Business c/o The Hamilton Company, Inc. Address 39 Brighton Avenue Boston, Massachusetts 02134 c/o The Hamilton Company, Inc. 39 Brighton Avenue Borrower's Notice Address Boston, Massachusetts 02134 Attn: Jameson Brown, CEO and Andrew Bloch, CFO Email: jbrown@thehamiltoncompany.com and abloch@thehamiltoncompany.com Commonwealth Apartments 1144 Commonwealth Ave, Allston, Norfolk County and Suffolk County, Massachusetts 02134 Commonwealth Gardens 1137 Commonwealth Ave, Allston, Suffolk County, Massachusetts 02134 Courtyard at North Beacon 140 North Beacon St, Brighton, Suffolk County, Massachusetts 02135 Executive Apartments Multifamily Project Address 545 Worcester Rd, Framingham, Middlesex County, Massachusetts 01701 Hamilton Oaks 30 Oak St Extension, Brockton, Norfolk County and Plymouth County, Massachusetts 02301 Highland Street Apartments 38 Highland St, Lowell, Middlesex County, Massachusetts 01852 Olde English Village 714 Chelmsford St, Lowell, Middlesex County, Massachusetts 01851 Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Schedule 2 (Summary of Master Terms) HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v5 Form 6001.MCFA 12-22 Page 4 © 2022 Fannie Mae

| Redwood Hills 376 Sunderland Rd, Worcester, Worcester County, Massachusetts 01604 River Drive Apartments 3 River Drive, Danvers, Essex County, Massachusetts 01923 Westside Colonial Apartments 10 Westland St, Brockton, Plymouth County, Massachusetts 02301 Clovelly Apartments 160 Concord St, Nashua, Hillsborough County, New Hampshire 03064 Courtyard at Westgate 105 Westgate Dr, Burlington, Middlesex County, Massachusetts 01803 Hamilton Village 9 School St, Framingham, Middlesex County, Massachusetts 01701 Stonebridge Apartments 38 Dean St, Norwood, Norfolk County, Massachusetts 02062 Westgate Apartments 2 Westgate Dr, Woburn, Middlesex County, Massachusetts 01801 Hamilton Highlands 757 Highland Ave, Needham, Norfolk County, Massachusetts 02494 Key Principal's General Business c/o The Hamilton Company, Inc. Address 39 Brighton Avenue Boston, Massachusetts 02134 c/o The Hamilton Company, Inc. 39 Brighton Avenue Boston, Massachusetts 02134 Key Principal's Notice Address Attn: Jameson Brown, CEO and Andrew Bloch, CFO Email: jbrown@thehamiltoncompany.com and abloch@thehamiltoncompany.com Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Schedule 2 (Summary of Master Terms) HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v5 Form 6001.MCFA 12-22 Page 5 © 2022 Fannie Mae

| Guarantor's General Business N/A Address Guarantor's Notice Address N/A Lender's General Business 127 Public Square Address Cleveland, Ohio 44114 KeyBank Real Estate Capital — Servicing Department 11501 Outlook Street, Suite 300 Lender's Notice Address Overland Park, Kansas 66211 Mail code: KS-01-11-0501 Attention: Servicing Manager c/o KeyBank Real Estate Capital Lender's Payment Address Post Office Box 145404 Cincinnati, Ohio 45250 [Remainder of Page Intentionally Blank] Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Schedule 2 (Summary of Master Terms) HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v5 Form 6001.MCFA 12-22 Page 6 © 2022 Fannie Mae

| SCHEDULE 3.3 TO MASTER CREDIT FACILITY AGREEMENT Schedule of Advance Terms INFORMATION FOR $18,664,000 FIXED ADVANCE MADE MAY 30, 2025 Advance Amount $18,664,000 Advance Term One hundred twenty (120) months Advance Year The period beginning on the Effective Date and ending on the last day of May, 2026, and each successive twelve (12) month period thereafter Amortization Period Zero (0) months Amortization Type ❑ Amortizing ® Full Term Interest Only ❑ Partial Interest Only Effective Date May 30, 2025 First Payment Date The first day of July, 2025 Fixed Rate 5.84% Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Schedule 3.3 (Schedule of Advance Terms) HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v5 Form 6601.MCFA 12-22 Page 1 © 2022 Fannie Mae

| ❑ 30/360 (computed on the basis of a three hundred sixty (360) day year consisting of twelve (12) thirty (30) day months) or ® Actual/360 (computed on the basis of a three Interest Accrual Method hundred sixty (360) day year and the actual number of calendar days during the applicable month, calculated by multiplying the unpaid principal balance of the Advance by the Interest Rate, dividing the product by three hundred sixty (360), and multiplying the quotient obtained by the actual number of days elapsed in the applicable month) Interest Only Term One hundred twenty (120) months Interest Rate The Fixed Rate Interest Rate Type Fixed Rate The first day of June, 2035, or any earlier date on which Maturity Date the unpaid principal balance of the Advance becomes due and payable by acceleration or otherwise For Full Term Interest Only (Actual/360): (i) $90,831.47 for the First Payment Date; and (ii) for each Payment Date thereafter until the Advance is fully paid: (a) $84,776.04 if the prior month was a 28- Monthly Debt Service Payment day month; (b) $87,803.75 if the prior month was a 29- day month; (c) $90,831.47 if the prior month was a 30- day month; and (d) $93,859.18 if the prior month was a 31- day month Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Schedule 3.3 (Schedule of Advance Terms) HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v5 Form 6601.MCFA 12-22 Page 2 © 2022 Fannie Mae

| Prepayment Lockout Period The 0 Advance Year of the term of the Advance For Interest-Only Loans: Remaining Amortization Period N/A H. YIELD MAINTENANCE/PREPAYMENT PREMIUM J1'FORMATIONI Yield Maintenance Period End Date or Prepayment Premium Period End Date Yield Maintenance Period Term or Prepayment Premium Period Term The last day of November, 2034 One hundred fourteen (114) months Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Form 6601.MCFA Schedule 3.3 (Schedule of Advance Terms) 12-22 HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v5 Page 3 © 2022 Fannie Mae

| SCHEDULE 3.4 TO MASTER CREDIT FACILITY AGREEMENT Schedule of Advance Terms INFORMATION FOR $40,000,000 FIXED ADVANCE MADE MAY 30, 2025 Advance Amount $40,000,000 Advance Term One hundred twenty (120) months Advance Year The period beginning on the Effective Date and ending on the last day of May, 2026, and each successive twelve (12) month period thereafter Amortization Period Zero (0) months Amortization Type ❑ Amortizing ® Full Term Interest Only ❑ Partial Interest Only Effective Date May 30, 2025 First Payment Date The first day of July, 2025 Fixed Rate 5.99% Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Schedule 3.4 (Schedule of Advance Terms) HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v5 Form 6601.MCFA 12-22 Page 1 © 2022 Fannie Mae

| ❑ 30/360 (computed on the basis of a three hundred sixty (360) day year consisting of twelve (12) thirty (30) day months) or ® Actual/360 (computed on the basis of a three Interest Accrual Method hundred sixty (360) day year and the actual number of calendar days during the applicable month, calculated by multiplying the unpaid principal balance of the Advance by the Interest Rate, dividing the product by three hundred sixty (360), and multiplying the quotient obtained by the actual number of days elapsed in the applicable month) Interest Only Term One hundred twenty (120) months Interest Rate The Fixed Rate Interest Rate Type Fixed Rate The first day of June, 2035, or any earlier date on which Maturity Date the unpaid principal balance of the Advance becomes due and payable by acceleration or otherwise For Full Term Interest Only (Actual/360): (i) $199,666.67 for the First Payment Date; and (ii) for each Payment Date thereafter until the Advance is fully paid: (a) $186,355.56 if the prior month was a Monthly Debt Service Payment 28-day month; (b) $193,011.11 if the prior month was a 29-day month; (c) $199,666.67 if the prior month was a 30-day month; and (d) $206,322.22 if the prior month was a 31-day month Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Schedule 3.4 (Schedule of Advance Terms) HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v5 Form 6601.MCFA 12-22 Page 2 © 2022 Fannie Mae

| Prepayment Lockout Period The 0 Advance Year of the term of the Advance For Interest-Only Loans: Remaining Amortization Period N/A 1 II. YIELD MAINTENANCE/PREPAYMENT PREMIUM INFORMATION I Yield Maintenance Period End Date or Prepayment Premium Period End Date Yield Maintenance Period Term or Prepayment Premium Period Term The last day of November, 2034 One hundred fourteen (114) months Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Form 6601.MCFA Schedule 3.4 (Schedule of Advance Terms) 12-22 HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v5 Page 3 © 2022 Fannie Mae

| SCHEDULE 4.3 TO MASTER CREDIT FACILITY AGREEMENT Prepayment Premium Schedule (Standard Yield Maintenance — Fixed Rate) 1. Defined Terms. All capitalized terms used but not defined in this Prepayment Premium Schedule shall have the meanings assigned to them in this Master Agreement. 2. Prepayment Premium. Any Prepayment Premium payable under Section 2.04 (Prepayment; Prepayment Lockout; Prepayment Premium) of this Master Agreement shall be computed as follows: (a) If the prepayment is made at any time after the Effective Date and before the Yield Maintenance Period End Date, the Prepayment Premium shall be the greater of: (1) one percent (1%) of the amount of principal being prepaid; or (2) the product obtained by multiplying: (A) the amount of principal being prepaid, by (B) the difference obtained by subtracting from the Fixed Rate on the Advance, the Yield Rate (as defined below) on the twenty-fifth Business Day preceding (i) the Intended Prepayment Date, or (ii) the date Lender accelerates the Advance or otherwise accepts a prepayment pursuant to Section 2.06 (Application of Collateral) of this Master Agreement, by (C) the present value factor calculated using the following formula: 1—(1 +r)-rh12 [r = Yield Rate Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Schedule 4.3 (Prepayment Premium Schedule) HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v5 Form 6104.01 05-20 Page 1 © 2020 Fannie Mae

| n = the number of months remaining between (i) either of the following: (x) in the case of a voluntary prepayment, the last day of the month in which the prepayment is made, or (y) in any other case, the date on which Lender accelerates the unpaid principal balance of the Advance and (ii) the Yield Maintenance Period End Date. For purposes of this clause (2), the "Yield Rate" means the yield calculated by interpolating the yields for the immediately shorter and longer term U.S. "Treasury constant maturities" (as reported in the Federal Reserve Statistical Release H.15 Selected Interest Rates (the "Fed Release") under the heading "U.S. government securities") closest to the remaining term of the Yield Maintenance Period Term, as follows (rounded to three (3) decimal places): (ax— b)x(z—y) +b a = the yield for the longer U.S. Treasury constant maturity b = the yield for the shorter U.S. Treasury constant maturity x = the term of the longer U.S. Treasury constant maturity y = the term of the shorter U.S. Treasury constant maturity z = "n" (as defined in the present value factor calculation above) divided by twelve (12). For purposes of this clause (2), if the Yield Rate is calculated to be zero, the number 0.00001 shall be deemed to be the Yield Rate. Notwithstanding any provision to the contrary, if "z" equals a term reported under the U.S. "Treasury constant maturities" subheading in the Fed Release, the yield for such Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Form 6104.01 Page 2 Schedule 4.3 (Prepayment Premium 05-20 © 2020 Fannie Mae Schedule) HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v5

| term shall be used, and interpolation shall not be necessary. If publication of the Fed Release is discontinued by the Federal Reserve Board, Lender shall determine the Yield Rate from another source selected by Lender. Any determination of the Yield Rate by Lender will be binding absent manifest error.] (b) If the prepayment is made on or after the Yield Maintenance Period End Date but before the last calendar day of the fourth month prior to the month in which the Maturity Date occurs, the Prepayment Premium shall be one percent (1%) of the amount of principal being prepaid. (c) Notwithstanding the provisions of Section 2.04 (Prepayment; Prepayment Lockout; Prepayment Premium) of this Master Agreement, no Prepayment Premium shall be payable with respect to any prepayment made on or after the last calendar day of the fourth month prior to the month in which the Maturity Date occurs. [Remainder of Page Intentionally Blank] Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Schedule 4.3 (Prepayment Premium Schedule) HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v5 Form 6104.01 05-20 Page 3 © 2020 Fannie Mae

| SCHEDULE 4.4 TO MASTER CREDIT FACILITY AGREEMENT Prepayment Premium Schedule (Standard Yield Maintenance — Fixed Rate) 1. Defined Terms. All capitalized terms used but not defined in this Prepayment Premium Schedule shall have the meanings assigned to them in this Master Agreement. 2. Prepayment Premium. Any Prepayment Premium payable under Section 2.04 (Prepayment; Prepayment Lockout; Prepayment Premium) of this Master Agreement shall be computed as follows: (a) If the prepayment is made at any time after the Effective Date and before the Yield Maintenance Period End Date, the Prepayment Premium shall be the greater of: (1) one percent (1%) of the amount of principal being prepaid; or (2) the product obtained by multiplying: (A) the amount of principal being prepaid, by (B) the difference obtained by subtracting from the Fixed Rate on the Advance, the Yield Rate (as defined below) on the twenty-fifth Business Day preceding (i) the Intended Prepayment Date, or (ii) the date Lender accelerates the Advance or otherwise accepts a prepayment pursuant to Section 2.06 (Application of Collateral) of this Master Agreement, by (C) the present value factor calculated using the following formula: r) 112 [r = Yield Rate Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Schedule 4.4 (Prepayment Premium Schedule) HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v5 Form 6104.01 05-20 Page 1 © 2020 Fannie Mae

| n = the number of months remaining between (i) either of the following: (x) in the case of a voluntary prepayment, the last day of the month in which the prepayment is made, or (y) in any other case, the date on which Lender accelerates the unpaid principal balance of the Advance and (ii) the Yield Maintenance Period End Date. For purposes of this clause (2), the "Yield Rate" means the yield calculated by interpolating the yields for the immediately shorter and longer term U.S. "Treasury constant maturities" (as reported in the Federal Reserve Statistical Release H.15 Selected Interest Rates (the "Fed Release") under the heading "U.S. government securities") closest to the remaining term of the Yield Maintenance Period Term, as follows (rounded to three (3) decimal places): (a b) x(z—y) +b x— a = the yield for the longer U.S. Treasury constant maturity b = the yield for the shorter U.S. Treasury constant maturity x = the term of the longer U.S. Treasury constant maturity y = the term of the shorter U.S. Treasury constant maturity z = "n" (as defined in the present value factor calculation above) divided by twelve (12). For purposes of this clause (2), if the Yield Rate is calculated to be zero, the number 0.00001 shall be deemed to be the Yield Rate. Notwithstanding any provision to the contrary, if "z" equals a term reported under the U.S. "Treasury constant maturities" subheading in the Fed Release, the yield for such Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Form 6104.01 Page 2 Schedule 4.4 (Prepayment Premium 05-20 © 2020 Fannie Mae Schedule) HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v5

| term shall be used, and interpolation shall not be necessary. If publication of the Fed Release is discontinued by the Federal Reserve Board, Lender shall determine the Yield Rate from another source selected by Lender. Any determination of the Yield Rate by Lender will be binding absent manifest error.] (b) If the prepayment is made on or after the Yield Maintenance Period End Date but before the last calendar day of the fourth month prior to the month in which the Maturity Date occurs, the Prepayment Premium shall be one percent (1%) of the amount of principal being prepaid. (c) Notwithstanding the provisions of Section 2.04 (Prepayment; Prepayment Lockout; Prepayment Premium) of this Master Agreement, no Prepayment Premium shall be payable with respect to any prepayment made on or after the last calendar day of the fourth month prior to the month in which the Maturity Date occurs. [Remainder of Page Intentionally Blank] Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Schedule 4.4 (Prepayment Premium Schedule) HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v5 Form 6104.01 05-20 Page 3 © 2020 Fannie Mae

| SCHEDULE 5.2 TO MASTER CREDIT FACILITY AGREEMENT Supplement to Required Replacement Schedule Mortgaged Property Initial Replacement Reserve Deposit Monthly Replacement Reserve Deposit Hamilton Highlands $0 $2,239 Item Asphalt seal coat and striping Painting. Exterior Asphalt shingle (3-tab) NC window unit or through wall Oil/"gas dual fired, low MBH Boiler Vinyl Floorinq Kitchen: Dishwasher Kitchen Range/Stove Kitchen Refrigerator Kitchen Microwave Common area floors. ca [Remainder of Page Intentionally Blank] Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Schedule 5.2 (Supplement to Required Replacement Schedule) HAMILTON (NERA)/KeyBank (2021 MCFA) 65624749-v5 Form 6601.MCFA 12-22 Page 1 © 2022 Fannie Mae

| SCHEDULE 6.2 TO MASTER CREDIT FACILITY AGREEMENT Supplement to Required Repair Schedule Mortgaged Property Name: Hamilton Highlands Mortgaged Property Address: 757 Highland Ave, Needham, Norfolk County, Massachusetts 02494 Fannie Mae Collateral Reference Number: 9999121228-001 Repairs Escrow Deposit: $0 Hamilton Highlands Immediate Repairs Table: Escrow: Completion: Cost: Escrow Amount Life Safety: Elevator Cabs - Certificate of operation is expired 1 both North & South Building - Per correspondance saved in the deal folder this item has been cleared by the vendor. Yes X No 0 fvlos. S1.500 50 Fire Suppression - According to the provided fire inspection reports the fire sprinkler system was last inspected February 1 2023 Inspection and testing of the fire sprinkler system is recommended - Per correspondance saved in the deal folder this item has been cleared by the vendor Yes X No 0 Mon S1.500 50 Critical: ADA - Provide Van Accessible Parking Space Yes X No 3 Moo 5250 50 ADA - Modify Public Toilet Room for ADA Accessibility Yes X No 3 Mos_ 5250 SO Totals: $3,500 $0 [Remainder of Page Intentionally Blank] Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Schedule 6.2 (Supplement to Required Repair Schedule) HAMILTON/KeyBank (2021 MCFA) 65624749-v5 Form 6601.MCFA 12-22 Page 1 © 2022 Fannie Mae

| SCHEDULE 13 TO MASTER CREDIT FACILITY AGREEMENT Ownership Interests Schedule See attached. SPE Owners: Commonwealth Apartments, Inc., a Massachusetts corporation Commonwealth Gardens, Inc., a Massachusetts corporation Courtyard on North Beacon, Inc., a Massachusetts corporation Executive Apartments, Inc., a Massachusetts corporation Highland 38, Inc., a Massachusetts corporation Olde English Apartments, Inc., a Massachusetts corporation Redwood Hills, Inc., a Massachusetts corporation River Drive, Inc., a Massachusetts corporation Clovelly Apartments, Inc., a Massachusetts corporation Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Schedule 13 (Ownership Interests Schedule) HAMILTON/KeyBank (2021 MCFA) 65624749-v5 Form 6601.MCFA 12-22 Page 1 © 2022 Fannie Mae

| s Rl .w~N. w..~.r.""ir=rarrli_r' avn ae..r~ ~~ w:.u~.Au• ~n.•aorwwvc d. e m ru . 1~'ervl red Ira N+r bY+.L: iu a,TI co-Trait.. later E. Mloneel co-rn.t.. Anorr. L. Er0.h o-rra.e.. Jam.ann Brown Note: an persons or entfllee ,pe0lnce11Y Identlfled on into organizational chart there Is no: II U.S. peroan Wno own.. In the aggregate'. 25,4 or more of the direct or Indirect owoershlp Internals In Borrower sign person or entity who own., In the aggregate, 10% or more or the direct or Indirect ownership In Borrower Unto is otherwi.e Indicated, ail InoNi0uell hientmed on this organizational chart are aggregate amount lake. into account any direct or mmrect ownerenlp Internet, lIt Borrower Laid Dy a n a Immediate Family Members iwhlch term Inciude0 an Individuate ohhd. stepchild. grandparent. .a. Boiling. ritep-omdng, parent or step-parsntl JPB:HBC Rea Elle:r .L_ I H.-, Bro win Jerr.e[*n Brown 100% W. l Der 100% 6.1. 0 0,00.1 HBC Holdlno., LLC YM.I. Brown LLC JPB R.el E[tab LLC IMA1 Ransld Brown 117.60%.—Irchli, OP 37.60% d'.ner.m. In OP 16.00% own.r.nlp In Clr.c B NERA LP than[ 26.00% In CM.. B NERA LP Inan. .hrn[ 17..1%owns r.hlp In Clee[ ♦ HERO LP Inan[ Ihrn. 10.176% ownerchlO In 10.176% own.r.hlo In 1".60% Indlreat.... r[hlp In aarnWer.I 76% owner. h 1p In Bpnawar. Borrdwenl so alrit 2e Brighton Avenue ihnaph Cle[[ B NERA 16 Brghton A..... 10 Bdpht.. A .nu. AII&Wh, MA 021.1 Inters.l[I. 6.20% oomeineo Allston, YA 01111 Allston, MA 0211. C•.erdul lJen.e+.. l+rnrwr eru. r, S+IvrM.ve+l. Yu. dot Lr+ e.+ . err lion in+inhr nrr•rar+r. Int....t In Bo,ro..f C Ill.. A LIm IYtl Partn.r. Cla.. B Llmlte0 Prrb.rrc NrwRarl Ino. IYAI P- JD u my Tnd.d on N Y I E 1t 00% Go..., P.n'cr 10.00% . 03.E Nn dam.tll. 1-1duei ar 30 Brp-rlon A,.n anbfi• ownlnr0.26 d no fMarr~lOn MI—i. IAA 0:131 NInd6/0Xpw,of arlDtlln gnIn0 pne .r N.wasal, Inr. Ic Mco O.r Non-MemMr Menap.r of crow LLC BortowOr Borrower., olnsr torn nat.0 New England Realty Associates Limited Partnership (MA) Key Principal Pubtically Traded NYSE ("NEW') 39 Brighton Avenue Allston, MA 02134 99% Limited Partner of Commonwealth 1144 Limited Partnership 100% Stockholder of Commonwealth Apartments, Inc. Herod Brown CiraritOlr 1.10 Annu11 Trur:1, a MA Trust 1111 1111 1111 . i . I. Jameson Brown direct ownor or Class S HERA LP Shares Ronald Brown 11",11 ~0% dIfect owner of CIao o I: NERA LP sere. 000.10 Brown 26.00% owncnnlp in OP 1Mnc i20%own.rrrriorrnorrow.nhllrouarr N.wn..l, reo.l. 1.20% 0001010.0 Intan.t In Borrower. U1 Cltuen Ow,.I, B Bore or nlr.ptan Ro,luid Bmxn :President aid Clrccto•l Jane.on err/.n Gila and mrecia_ 1100.111 N:Ga. II lip laccrclerrl Da.ld Alol.a IOror.»rl ManIlna AICnnel In,'.clor, AldIC. L Bloch 1Dlecicrj SaI I MI1111el iol'eciorl C•avdJ Crier;m,0cm-i E...uar. omnorc Ronald Brown Prs.Ioent U.1 C mten J.me.on Ire-we Ili... U.. C m... . Commonwealth Apartments. Inc. 1% General Partner 1144 Limited Partnership (MA) 1144 Commonwealth Avenue Boston, MA Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Form 6601.MCFA Page 2 Schedule 13 (Ownership Interests Schedule) 12-22 © 2022 Fannie Mae HAMILTON/KeyBank (2021 MCFA) 65624749-v5

| ea„0 ,ni'na rr,_..A._o,h.a•r, ;,J ILLi` sum , west. uU C C~TrL,toe r'N'..LL in .rh.i 1a~1 E. Ml.nael Antlnw L BJDOh A sti. n~r,t~ Ca-Tr-uciee •y~y owEP w Jsmecon Brown m"~. e•uNr r. b•er"' JPB,'HBC Res: Estd:a LLC U 440 Hole: Other than potion. or entities apaUncetly tdenthed on this orgganlzaticnaI chart mere a no: I) U.S. person or entity wile owns. In the agpgregata', 256 or more ottne olrsct or inalreet ownership intereele In Borrower or ill] Toreign person or entity who owns, in the aggregate, 10% or more of the aired or Inalreet ownerehlp interests In Borrower. Unlest otherwise Indicated, all Inoivlauale Identlned on this organizallonal chart are U.S. citizens- 'This aggregate amount taxes Into account any infect or Indirect omlerahlp Interest. In Borrower heirs 1.y a pen on a Immediate Family Members iwhlch term Inctltdot an individuals child, atepchnd, grandparent, spouse, .1Oling. step-alonng, parent of step-parent'_ He", Brown Brown 100% isle Mam Der 100% Bale taNMgmhar Ron ld Brown 76.06% ownanhlp in Class B HERA LP Inaroc 11.11% ewnnnhlp in Class A HERA LP Ih.nc HOC Holdings. LLC "'Al 26.00% in 011155 N ERA LP U.S CIt4.n Ronald Brown 17.60% ownership In OP 17.60% pwnerchip in OP 10.2'.% o . —hip 1. in.-d i Bnrro. e n through N,nRe.1, Ino.i, Iharec 10.176% ewn,rahip in 10.076% Uwnarhhln In M.1.1. Brown LLC JPB Reel Estate LLC 26.00% owmenhlp In OP then, Inure. 1.70% nom Dinars Intonct In Borrower, 123.60% Indinat owrverchlp In Borrowers) 14.76% ownership in Barrows, Borrltwenl sortowersi through Cla1e 8 NERA Se Brighton Avenue be Brighton Aeenue 41 Brighton Ao.nu. AIIEIOh, MA 02134 inlereelc),320% aalnDllleu ASston, MA 0211. Aortoe, MA 02174 W:aidul Marr.rn, IA,,,L.w. 0:u.•e; 5.11'E.M„I. Ho. 'I,I Into rest In Barrow., 61 •~.1:•r, .rr rrua.n....Lr rn.rr~..r, 0.03% tlhect Owner of Class HERA LP Shane I cleslA I umltad Farman Claus B Llmnes Partners NawMu4 in.. IMAI Puolloly Tndad on NY IE le 10% Goncr01 Paver Manila Brown 10.00% , W' 3.20% dNect owner of Close A Hoodomeetle lne:rltual or 35 Bro-llon AY. '_.. HERA LP shares gins 1v Boimning2AC or wore In on',cn. arts r:._ Ia: maividual er errt1ttfy Irvv Ind 10% _ 051c r Borrower; , than noted bo NerReel, 1.a cello the Martagar oreeo h ice eorrowsr aoav4. New England Realty Associates Limited Partnership (MA) Key Principal Publically Traded NYSE ("NEN") 39 Brighton Avenue Allston, MA 02134 99% Limited Partner of Commonwealth 1137 Limited Partnership 100% Stockholder of Commonwealth Gardens, Inc. CommonwealthGardens, Inc. (MA) 1% General Partner Commonwealth 1137 Limited Partnership (MA) I 1137 Commonwealth Avenue Boston, MA Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Form 6601.MCFA Schedule 13 (Ownership Interests Schedule) 12-22 HAMILTON/KeyBank (2021 MCFA) 65624749-v5 Page 3 © 2022 Fannie Mae Draws & Board of olnoton 0011010 Brawn 1Prcsldallr 0,4 LIneaL'I Jalisian Brawn ltreusum mro olrccrcr, Lllbaln Vcc'ackeq ISScuctaril Luau 01011.2 ;enders MaN,5, Al CronW iDPaclm; 0110(0 L Bitch 10100106 5a1', Michaul IDI'aclor; Davtll Rokr{Olrc.ro- : EeaoBve om<-r1 Ronald grown Preldent 0.1 cmzen J, meson Brow, Tna,unr 0.0 ,mien

| la~ Rir.YW wr~M.pa, ar.dlJwex: ~,.rw.. J.,~„tLvwr IOU adeLLt. nJlri law,rr ab,~uv.in+9:wry~,i ill, •ip~.all' e,rowJ,JnleeICIY r+•,rl.IpaaalrJ eti n:.I ddlLL ~a.TrJatee du., ll nr s•s~4i ..11 E. MI. nest Ca-Traatan Andrew L. B»oh Co-Troatee ter. x.O rR Jameson Brown ems. n.o.y, r w.., I1. LL-Note: 3r' pare one or entitles apeclncally Identined on thin organ lzatlonaI chart. (flare!. no: (I) U.S. person iEO owns, in the aggregat6', 25,4 or more Of the direct or Indirect ownership Interests in Borrower alga person or entity who owns, ra the aggregate, 10% or more of the direct or indirect ovmsrship in Borrower. Unleaa otherwise indicated. all Individuals Identified on this organizational chart are ens. gregete amount tales into account any direct or indirect ownership Interests In Borrower held by a Immddlat. Family Members Iwhich tern includes an Individual's child. stepchild. grandparent, sibling. step-sibing, parent, or step-parantl. Harold Brawn CMrllable Land Ar n _ If. Lract, a MA Trust HeneT Brown Jerwscon Brown 100% leis Maminr 100% Isle Mem Oar Hall Holdings, LLC Msisle Brown LLC JPS Real Estate LLC IMA] Ronald Brown :7.66% ownenhlp In OP 57.60% a•Anarchlp In OP T6n0% awns nelp In Clec. B HERA LP Ihenc 26.00% In Class B NERA IF Inen• Is,n. 17.:1%o.nenhlp in Class A NERA LP Inenc leer', 10.:76% ownership in 10.476% ownership In 12:.60% Intllreat owlserchip in Borrower.! (4.76% erm,nhiY In eonrofen Borrvwenl Borrowers] Os Brighton A..nue through or... B HERA :1 Brghton Avenue CM Bn.ht.n Avenue Allston, MA 021:4 Inlarmtit, 1.20% 00mbineo Alston, MA 021:4 Allston, MA 02114 Iw,4 er/J1r..o,l lamrv.,n e,uwl,; said E. Miv.I. Iliad .I ll+vr..r..r. r,un.rnrrnhr ,r..n+e.r. lntantt In Borrewar J6il.SOn Brotttl 0.03% affect owner of Class A olec6A NERA LP Shame 1-1.1ted P.nn.,, 01155 S Limned Partners N6wfle,L lra.1MAt Pab]]DIV mated on NYIE 10.00% Gonaal Pon-, Ronald Brown 10.00% . c3,,_ 3.20% OBact owner of Claus A No domeatla lndvlduel or 30 ery'dpn Avon— NERA LP neared ~ rtrwl~n anU no fanlQn 0111.011. IJA a 13a Indlu I4ual orerrlIbty Prv' lnp 10% or Onater Iliare borrowers, diner men -too .bare. NawResl, end. liaise the Nan-Member Menage, or..or LLC a oRGAar New England Realty Associates Limited Partnership (MA) Key Principal Publically Traded NYSE ("NEN") 39 Brighton Avenue Allston, MA 02134 99% Limited Partner of North Beacon 140 Limited Partnership 100% Stockholder of Courtyard on North Beacon, Inc. Courtyard on North Beacon, Inc. (MA) 1% General Partner North Beacon 140 Limited Partnership (MA) 140 North Beacon Street Boston, MA Manila Brown :..Oa,. ownenhlp In OF IMnc 0.25% owlrenhip to Burrawan foraug" NeaR..!, Ine.i, 1.20% oomblna41n6nctln Borrawen a.6 CHOIR Dirle.rc S Board or DlreotoIs Ronald Brown .;Prwldanr aid 0,racto'i lanann Brawn (Tnaeum• and olrecioa, Ll sbala h'z=vckr1a laecralarrl Curd Malta ;D vaned Marll'u Al Crun41 i 01001cC Aldrea1 BlcshlDrsCiai, Sal', Michael iDlmotor: Dao01 ecierr,Dlrocrc.- E.eoulo. Dre-1. Ronald Brown President u. e O illzen Jamecon Brown Tr' slum JA Chile Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Form 6601.MCFA Page 4 Schedule 13 (Ownership Interests Schedule) 12-22 © 2022 Fannie Mae HAMILTON/KeyBank (2021 MCFA) 65624749-v5

| CO.Traetee to ! E. 01001.0 c_T Jct And— L. ee C• Jamey Jrworww~. Amon I'. tl,wn nml~ 4ry m..4o.0 „w.t ev.r_.e,.a~,xwuc I-- 400 Isra.dr"• aavn ern6a• m'l~uii ti ' Bn w~au..a:le.: e..e. w: eu..U: ru an~cl Note: other than persona or entitles epaclocall~( laant[naa on this organizational chart. [here Is no: (I) U.S. person or entity who owns. In the aggregate'. 25.' or more 01 1100 direct or Indirect ownership Intenseta In harrower or {B) foreign person or entity who owns. In the aggregate. 10% or more of the direct or Indirect ownership Interests in Borrower. U61aaB atria Wlee Inaicated, all IMlvmuala I0001Uh00 an thin organizational chart are U_S. citizen,. •This aggregate amounttakel Into account any direct or Indirect ownership Interests in harrower hold by a person a Immedlet. Family Members (which tern) knefur101 an Individual's child, atwpchlld, grandparent, spouse, aibllng, step-siding, parent, or step-parent,. Harold Brown Cho tlabl Lead Annuli'/ roll, a MO Trail ((ICC HOC HcIIC,.4 JPe~--e. P e e Eclz VOL 7 7 7 r Harty Bros- Jemecon Brown 10011 lots Marraer 100% Bore Member HOC Hal0Inol, LLC Ml1sle Brown LLC JPB Real Ectete LLC "'Al Rone0 Brown 37.60% onnarahlp In OP 37.60% ewnrchlp In OP 76.00% ownenhlp In Cl B NERA It fine-. :6.00% In cle cc B NERA LP 400-. ear- s 17.31% ownaranlp In Class A 001001 10 lo.n. 1he-S 10.376% oln.rshly M 10.076% own.rclIO In 123.604 Indlreat 0wr-rclM In Bortawlni 14.70% c1O0rch Is In aarrowarc Borrawiral Borrowers) is BNghton Avenue lhrougr. Clacc B NERA 10 enlahton Anna. 0e Brighton Avenue Allctan, 06 02104 Inten.lcl, 1.20% nombina0 A01tcn. MA 02114 A11a10.n, MA 02134 .rJ of fA.I . •mrw, l,,,,, C.II1.M, r 6. Jl 'nfe-cl In Berrawa AI•~a ..,r uuu n,•nrbr•moue•,. C111, A J&mmoton Brown 6.03% a Heal owne of dons A NERA LP Shares LImIM7 Partner. CI.;; B l lnrle001 11.00% Partner. PJblloly Tra00d on NY SE 11404 INW 00101 Ina. tRIAl Gpncral Pannc, dal ROneIO Brown Rood% 3.20% dtract owner of Class A Noo 1~ dcrosatlo lntll".10uel or 00 Bryllon Avan•s NERA LP 000140 ~ 6orttivteri one no fori lfl ivn Apra-,, MA. 07104 Indlclduar or arrtIily dewr' In, lOX or p-dray In Ms Borrawerc, other then not00 above. NewR4el, M.A. 1110 111. Non-Mem W r Menage r ar aeon LLC BorrowNr New England Realty Associates Limited Partnership (MA) Key Principal Publically Traded NYSE ("NEN") 39 Brighton Avenue Allston, MA 02134 99% Limited Partner of Executive Apartments Limited Partnership 10(1% Stockholder of Executive Apartments. Inc. Executive Apartments, Inc. (MA) 1% General Partner I Executive Apartments Limited Partnership (MA) 545 Worcester Road Framingham, MA Rona10 Brown 26.00% ownenhlp In OP Ihar.s (0.20%ownarihlp In Barron- thrau.h 54100.1, 1001. 0.20% 00nbinnd inter, at In Bornowlmt U.I CI0ren Omo.re & Board of 01re0t0rs Ronald Brown (Pnecld1nt 2010 Grace I J.anacon drawn /Treaeurn- On] Dlrec1CC 01.0010 MCC'acl:r4 I0 0rclaryi 00.10 No110:Droclonl Madlna Al Cran01 10100101. A0drrw L Bloch (Dl'lCIcr) Sal v MAlchael IDl'acIoll DAVUJ RnM,(DlrhbCi E.touily, 0mca, Ron. 4 Brown Prea ldenl 11.0 c rll:en Jene.on Brown Tnalum U.1 chine Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Form 6601.MCFA Page 5 Schedule 13 (Ownership Interests Schedule) 12-22 © 2022 Fannie Mae HAMILTON/KeyBank (2021 MCFA) 65624749-v5

| a~.:.w,w,a,M~e2 rr.wwA._wrGewn co-Trust.e leieY E. Oboes) Co-Trucl.. xndre'w L. Bloch — r.wwn C a~Tra6ne I.R YU. Jam{ can Brown tivra~. e.oM laver u .,E.r-r,, Ell::,' note: Otter than persona or entities specdically Identifed on this Organizational Chart, there Ii no: 1] U.S. person orentity who owns, in the aggregate', 250. or more of the director Indirect ownership interests in Borrower or (p) foreign person or entity who owns. in the aggregate, 10% or more of the director indirect ownerailip Intornete In Borrower. Unless otherwise indicated. all Indlvlduals Identified on this organizational chart are U.S. CItlz.n a. aihis aggregate amount takes into account any direct or Indirect ownership inter.ile In Borrower held Dye persons Immediate Family Member (which term Includes an IndboIdual"e child, stepchild, grendparanL spouse, sibling, atop-sibing. parent, or step-psrentl. T Haney Brown Jemecon Brown 1100% Bole Me— 100% ION 8=1 gon.ld Brown 11.151. Brown LLC JPH Real Estate LLC 26.00% of on o ' p In oP 015140 HBC 10101,101, LLC Ronald Brown 57.60% own.renlp In OP 57.60% ownership In OP (0.26% e' 4.20% oe In Burro' leew ilia Bel w . ,. R Inp.), IMA) 6.20%oomalnetriertit In Hortowerc 76.00% ownership In Class B NEPA LP Inane 25.00% In Cl- B HERA LP Inens $her.. U.S Cihian 17.61% ownerthlp In Class A NERA LP Incas Usenet 10.176% o'merchlp In 10.376% ownership In 121.60% 10411.05 ewnirchp In Bortowene) {.71% ownerahlp le Berr.w.rc Borrowers] Borrower.) Be Brighton A..... through Clatt B HERA 1B arght n Arenue is Bnghlon Arenue Allston, MA 02114 lntensicl. 6.20% uomhln. d Ae cton, MA 02114 Allston. MA 02124 .4.(VA.ruarrr. I..n oo O.eo,. 0.IY E.Mcarl. au. ,1.1 rntenct In Berton, Ma~.s.r..rr nurrnrern6r rrunwlrr. Jemeeen Brown Na'rit..l, pa. (MA, 0.03% direct anther of Class A CladsA HERA LP Shares I Limited P.rtn0 rt Slots B Limned Pertn... Aches P1MO, 700110117701000 on NY II 10.00% 1 CCU'. Rdnaid Brown 15.00% ee enton, 4,0,40 3.2a% tired l owner of Closed No dcmeelle IntlnlOual or Al c1i', %IA 02' 0 t HERA LP 5110105 bt • ownln0 26% or more 1n Otis ~Or(Ow and no d lanlpn Naw R.al Ind. Is also the Non-alt—or Manager a1 assn LLt Borrower Indt Osd60er or e~~bn MM Ire otne, t Inhie eortoWerc, diner then notstl New England Realty Associates Limited Partnership (MA) Key Principal Publically Traded NYSE ("NEN") 39 Brighton Avenue Allston, MA 02134 100% Member Hamilton Oaks Associates, LLC (DE) Non-Member Manager. NewReal, Inc. (MA) 30 Oak Street Extension Brockton, MA Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Form 6601.MCFA Page 6 Schedule 13 (Ownership Interests Schedule) 12-22 © 2022 Fannie Mae HAMILTON/KeyBank (2021 MCFA) 65624749-v5 Ole... A. BOMB or Olreolprs Ronald Brown rouldenr old Clr1O10l Jameson Brown 0 D04000-and 000010,. 11,00111 w<C'acon, Iattrolar,I Dead 410110 ;170540,11 5.1001,1 Al Lr an., Droeler; A1drwwL 01000) oracIC,, Halt' 01011001 10100100 01004 RaO, (blro<to'l _a...the Umoerc Rona :I - Brown President 41.5 C titan Jam.sen erowrl Tna..... U.s Closer

| ua.l~rl)n1 rJ J,K Fr.i Lo-rr.Istss E.N,,.aA~u)ml ray:) E. Mlahael Ca-ha&tee Andna L. elpor, r&r.ss. rrrr Jamacon Bruwm n'~+e'~b'~~w`" L -EC El,'., Er le • II Nola: r then pore one or entitle, apecihceii i identlned on tole org anIzational chart, there Ia no: 1II U.S. person j hty who O1ma, In the arrlIgregata•, 2516 or more or the direct or Indirect ownership Interesta in Borrower foreign person or ,ntl@y who owns, In the aggregate, lo% or more of the direct or Indirect ownership sets In Borrower. Unless otherwise indicated, all Individuals Identttled on this organizational chart are cihtena. I aggregate amount takes Into account any direct or Indirect owTieronlp Interests In Borrower held try a on B Immediate Family Members (which term Includes an Individual's child, elopcnlld, grandparent. as, soling. step-elbung, parent or step-parenq. __________ H Haney Brom Jamacon Brown 1p0% bola Nemper 100% IoM Memptr NBC Holdlndc, LLC MMcle Brawn LLC JPB Real Ectate LLC IMAI ald Brown 37.60% ownarchlp In OF 17.50% e'wnarchtp M OP 76.0O%owner&nip in Clac, B NERA LP Ihera1 inCali B NERA CF Ihanc ahem& n.1114 ewnannlp in Clacc A NERA LP Inch 1 Ihanc rF 7 I 10.176% ownerchlp in 10.171% ewnerchlo In 125.60% Indlreot ewne lchlo in BOrteweraj r&hII In Bortoaerc Bon=aarei Borrowerdi Se Briohten Avenue Chic B NERA Si Brionton Avenue 35 Briaeion Avenue Allston. MA 02154 1.20% combined Aecton. ILA 02114 Alicia,, MA 02134 b.,. ,I .I l In aertOawr JBmsIdin Brown 8.03% dlrec( owner or Clare A Clan&A NERA LP Sharer Limited Partner& clots a Limned c,b'aly Trade•] on w", to OD% Forerensic NawRaaL Ins. INAI General Formby Ronald Brown SD.DO% c,~,.~ 3.20% dirwto'Mner or Clals A J~J era'ilen Avenue NERA LP shares Noo 1a demeelto In O:.luuel or Bo~ wnln,26 Mi o or !•npn,. MA L: — rnarreisn Ind ri 10%~Mep~aater .Ina In New Real.:no. 1 Oleo Me Non.Mombtr Manager or ouch LLC B-0— Bortowar&, other then tla n Oted New England Realty Associates Limited Partnership (MA) Key Principal Publically Traded NYSE ("NEN") 39 Brighton Avenue Allston, MA 02134 99% Limited Partner of Highland 38 Limited Partnership 100% Stockholder of Highland 38, Inc. Highland 38, Inc. (MA) 1% General Partner I Highland 38 Limited Partnership (MA) I 38 Highland Street Lowell, MA Ronald Brown 26.00% ownanhlp in OP share& (0.26% ownarchlp in Barroaerc MroneN NawReel, Ino). 5.20% combined plan it In Borrower. U.1 Chuun Omcerc A Board of Dlreatarc Ronald Brown (President aid Cvrocao' I Ja•newn Brown jTraoawe• end Dlnctorj 1110.15 MCC•ack6p Iaacrtirj I Da.ld Alma,e IDrerOori Martha Altrondi (DI•eclerl Andrea L Bloch IDI•oclor,i 5a1 y Mlchiel IDI•aclor; 0.004 Roar(OlrccwCl Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Form 6601.MCFA Page 7 Schedule 13 (Ownership Interests Schedule) 12-22 © 2022 Fannie Mae HAMILTON/KeyBank (2021 MCFA) 65624749-v5

| S.w.e.d.-, taw]iI r%. •-...SILL e,~aw~a~~md uc co-rm.e.. rwr..u..,.,•, .~ an. E. Mldne.: p-r uatee 4nCrew ~. B;aoh rr.N areww C.-Truata. 3.ri:~`.seaYrn.~~r.P., J. m.a on Bry W n 4 F,t.t~ •e~+urreM w evwr u JPB:HB Note: Other than persons or entitles apecInca17 Idantllted on tine organIzatlonaI chart, mare IS no: III) U.S. person or entity who owns, In the agggregate', 25w or more or the direct or Indirect ownership Interests In Borrower or (it) foreign person or entity who owns, In the aggregate, 10% or more or the direct or Indirect ownership Interests In Borrower. Unless otherAi le Indicated. all Individuals Identinetl on into organlzatlonsl chart are U.S. citizens •Thls eBgregete amount lakes Into account any direct or Indirect ownership Interests in Borrower held by a person a Immediate Family Members {which term Includes an Individual's child. stepchild, grandparent, spouse. aibbng, step-slhang, parent- or step-parent). A Harold Brawn Churnable Len, -[ Vst, a M4 Trpt' Han.. Brown Jama1on Brown 100% solo M.m D.1 100% svl. Me,110.r Rvh.l. Brvwn HBC Holdings, LLC Yell. arvwn LLC JPB Real Ester. LLC r ows 26.00% In OP sh.nc B orrower s IY4) Rnnerd Blown 37.60% oWR.nhlp In OP 37.60% cwn.rchlp In OP (0.26% o-1 hip In r e tu rn ugh N w e rs , Ind.;. 20% l .d mt., ks .In Borrowers 76.00% oen.rshlp In Class B NERA LP than. 26.00% in Class B NERA LP aharec shares {-20% avm Dlnu e d lo os. 17.31% ownership In Class A HERA LP Ihanc mares 10.376%o'wnerchlp In 10.376% awn.r.hlp In 111.60% lndlraot own.rch10 In 9ortpwan) (..76% o.rerchlp In Borrowers Borrowers Borrowers, SB Brighton Avenue through Class B NERA 36 Brighton A.enu. is Brighton Avenue Allston. MA elite Int.realcl. 1.20% Ovrnbln.d Anton, MA 0213. 4111101. MA 0213! .:.rd ul M.n.A•r. 1.0r'0, ,r 01u IYi M.,',e al bu.•J , I Interest In Borrower Omosrc & Board or Dlreotpn Ronald Brvwn; Pros Iddnt Ald Elro:ta'r LAermrvn Bnswn ,,rr...ure• Ara fliodcr) 11100th W:C'11:rv31sucrelur,I Dared 4100.0 ;D renvrl Jameson Brawn h1aril-a Altrandl lDI'.dor: 0.03% direct owner of Close A "loss A Aidtrw L Blcch IDI'eclvj NERA Lp Shares Umltad Partners Class B Limned Perth— N.WRerL Ida. IMAI PUDnoh• Tn dad on NY SE 1..00% G.ncl Al Part7vr S1IY rAlc hdel IDrec Cyvld 1 R.MriDur_orl hv' Ronald Brown 35.00% . C2-. 3.20% direct owner of Clues A He dpmeatle Ivan Iduel or 3s arynIir Av0,l NERA LP orioles i ownln~2i C no 1arsl0n 0111.01. MA ; I1' Individual ors qrimy lha 1D%pr oreat In lt+: N. WRea41no. Ic also One Non-Number Manager or reel, LLCeironer Borrowers , other then noted EnoWve Omo.rc Dor.. Ronald Brown President U.S Clp:an New England Realty Associates Limited Partnership (MA) J.ma do erevr Key Principal rnacunr Publically Traded NYSE ("KEN") U.S sheen 39 Brighton Avenue Allston, MA 02134 99% Limited Partner of Olde English Apartments Limited Partnership 100% Stockholder of Olde English Apartments. Inc. Olde English Apartments. Inc. (MA) 1% General Partner Olde English Apartments Limited Partnership (MA) I 714 Chelmsford Street Lowell, MA Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Form 6601.MCFA Page 8 Schedule 13 (Ownership Interests Schedule) 12-22 © 2022 Fannie Mae HAMILTON/KeyBank (2021 MCFA) 65624749-v5

| T1~1X IYb a]a. rrr~.votlu lrwn a..e.wSn Aveae: 1r.or.. A.,ra.r Iw... ' w s:so ra..rr re.. e.~rl, r.,~.Au• 1 e.orn~" irwe~ie.. era~l.lpul~l N 1,6 rrr bW.L1 ru ]ry.;l Co-Tru,tet tsar E. short., Ce-Tr,rstee Callow 1. eloeb ur —m C o-T.ru[tee aer7?.~ae.ed wt~.lyw Jame con Bro An mgr aesah err ~aml !PB~HB~ Raa robin Note: roar than persons or entitle, apeclhcoliy Identified on (ells organizational chart, mere I6 no: li U.S. perso0 entity who own a, in the aggregate, 256 or more of the direct or Indirect ownership In to re sirs In Borrower Ill) foreign person or silky who owns. in the aggregate. 10% or more of me direct or indirect ownership erests In Borrower, Unla Be otherwise indicated. all individuals Identified on into organizational [hart are gregde amount lakes Into account any direct or Indirect ownership Interests In Borrower held by a 1 lmmetllate Family Member, lwhiCh term Includes an Individual'. child, stepchild, grandparent, albling, step-ilbang. parent, or step-parentl - r• C aro10 Brown Cluaribbl Lad Anne il, I I I LJ "root, Truor Hader Brorm JMaecon Brown 100% iota Member 100% a.N LlsmtN1 HBC Holdings, LLC Makle Brown LLC Joe Reel Estate LLC INC) Ronald Brown 57.60% ownership In OP 37.60% ovmershlp M OP J 6OC% ownership Inclass a NERA LP I hang 26.00% In Clacc B NERA LP Inure, share, 17.31% ownership in 01.60 A NERA LP Inane Ihenf 10,376% awnsrehla 10 10.476% ewnerehls In 123.60% Indlreot ewnerenlp in Bortpwalo) (4.76% oMer[hlp In Borrower. Bornol..rs BOrtdweee) 86 Brighton Avenue (1610195 Clati B NERA is Brl hton Avenue is Brighton Avenue Alicton. MA 02134 In(alotts), 6.20% oombined Alton, MA 02134 Allston, MA 02134 .ra ul M,,.Aar. r,o,,., r l,,.., a 11- E. ML+eai au.'J 1 Intere,t In Borrower Ma..6.r..r r rruu-nrarriLr ni.rr.pr. Jameson Brown 0.09% dlrscl owner of Ciao B 4 aA NERA LP Shares 1ed Paners rt Cla,t B Limned Paers rtn hewRea..Inc. IMAI P.100011 pIY Traded cn NYSE 16.00% 1.,. seal Pani_r Ronald Brown 30.00% 1 . 5.20% abed owner Of Class a 560 doenat110 rndrddael or ]e 8,ATIon Avon... NERA LP shares hie ltorrnlna 26% lop 111—,. IAA02130 rfrorelOn Ind 10%uo l r ore 0loa 1 In MRIOg NerRaal, me. R also hie Non-Member Manager of eeoh LLC Borrcevr Borrowers, other then noted abl're. New England Realty Associates Limited Partnership (MA) Key Principal Puhlically Traded NYSE ("NEN") 39 Brighton Avenue Allston, MA 02134 99% Limited Partner of Redwood Hills Limited Partnership 100% Stockholder of Redwood Hills, Inc. I Redwood Hills, Inc. (MA) 1% General Partner I Redwood Hills Limited Partnership (MA) I 376 Sunderland Road Worcester, MA Ronal) Brown 26.00% ornalh is In OP therac 10.26% 00110151110 in Borrow." through Na'aaeel, Inn.!. 130% oombined inlet. ct In Borrowers u t cittlon Dmoer. L Board of Directors Ronald Bruhn lPrcldenr eve I: ' _ JaTlp64n Brorn irossurc' ar4 D~ra_Icr 1160510 NCC•4ckl'q lattrdlirrl Da:10 A10lse Draccorl Llaaina Altrandl iDuaclorl Andrer L Bloch IDI•tclC4I 5al, Mioh,al iol•aclor: 01043 Roher(olrMi•I E.eoutive omoerc Ronald Brown Pretldent u. t C lb.en Jsrnewn Brorn Tloacurer u.t Citizen Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Form 6601.MCFA Page 9 Schedule 13 (Ownership Interests Schedule) 12-22 © 2022 Fannie Mae HAMILTON/KeyBank (2021 MCFA) 65624749-v5

| n n:Y~YS~ Yrrneor6 lnof ~ y ear tlw.ly~ n.r~l.b r s.r111.wrY.d ewrralgn bv~rarewe, J'1Nae: rnofw. Jr,rmervo i llnuurl.wed'.1~nMtl'.n A1.Yfn kbw~ ~Car~I LLl; Aa' 1 tlAd,J1MalC larr Oss ll.l. 151In .u_11. a7c'<I ca-T—tee 3eCy E. Mlanael '.0-Tr=JLtee w Yar~~ aYna1 ~4~ Jameson BT.', a~•.~+aaa111w wwrllu K acrd arvJ1, ., fr,.rr I.~,hw. ,r• :C:"4 Pea Er-b:, LLB Nate: n persons or enldtea speclncany 4oenlNfed on this organizational chart Inato Is no: f) U.S. perean wh o owns, in th e aggregate•, 25% or more of the direct or Indirect ownership Inlereela In Borrower sign person or entity who owns. In the aggregate, 10% or more or the direct or Icollect ownership In Borrower. Unless otherwise Indicated, all individuals ldenitlied on this organizational mart are )regate amount lakes into account any direct or Indirect ownership Interests in Borrower nail by a Immodest. Family Members (which term Includes an IndIvduai'. child, slepehlld, grandparent, albdng, step-eibhng, parent or step-parent). Harty Braan Jameson Brawn 100% bole Member 100% Se. Mere W r HOC Ha1dingc, LLC Melal. Brown LLC JPB Reel Eliot. LLC I MAI Ronald Brown 37.60% ormer.hlp In OP 37.60% a'wnerchlp In OP 76.0011 ownarhlp In Class 51108.0110 the ns 26.00%In Class B NERA LP Ihanc Lhenc 17.11% ovnarthlp In Class A NERA LP lhfns ohms 0.3)6% o'nn.rchlp In 10.376% awn.rshlp In 121.60% Inatreat 0,11.011110 In Borrower) (4.76% ornenhlp M Borrower Borr0wersl Borrowerni 36 BhIDlhon A.enu. (lupuoh class B NERA Si Brlollton Avenue 30 Brighton Avenue Allston- MA 02014 Intenitci. 3.22% a0mbinad Aeston. MA 02134 Allston, MA D2134 lw11 ul /Aanraxn tan, .u, I, ux i.I,E. M-1: Cod 1nt. nct In Barroear M.+.e•r. s,r numm.n,Lr m.rua+r. Jameson Brawn 0.03% direct awn or of Class A "Mss A NERA LOIama Llmlbdr CMGs B Partnsr6 Mewne21 Ina-INA1 11,011101171. 0.208 NY IE 19.00%0-D General PaRwr Ronald Brown 10.00% . ao,. 3.20% direct owner of Class A Na dnmedla lnernduel or 300,0-dpn /--.0 NERA LP shares entlly oxnm~ ~6% n or mare In B Allsul. GA. CO 134 Ib d no rorslDn IndiVIdual er girrl1 Nfyorrrr Inp 10% or areater In m~ Borrowers, other than noted abcr.. NewReal, 180.11.11011.. Nan-Mear"r Manage! of.eall LLC Barrows New England Realty Associates Limited Partnership (MA) Key Principal Publically Traded NYSE ("NEN') 39 Brighton Avenue Allston, MA 02134 99% Limited Partner of River Drive Limited Partnership 100% Stockholder of River Drive. Inc. River Drive, Inc. (MA) 1% General Partner River Drive Limited Partnership (MA) 3 River Drive Danvers, MA Ronald Brown 25.00% awner rip In OP .hires (0.26% owmerhip In Barrwnn throagI 51*8.1l, Inn.), 1.20% o0mbin.d Inters 6t In Borrower aJ cltllan Others & Board of olnolor Ronald Bruin (Presldont 11d Limns-I !- — Brawn Irraasure' and 01151107, 10100111 NCC'acknq l5acralarrl Cvnd M.I. ;C reclorl Mane',, Alorandl ID1•ec10q A'Idreo L Bloch 1017:1511 5210 Wch201 IDl'ocloC 020004 ROMr(oerocw'I EaeoLuva 01110.15 Ronald Brawn Precedent 0. a c mien Jameson Brn'wn Tnacurar Ill cmien Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Form 6601.MCFA Page 10 Schedule 13 (Ownership Interests Schedule) 12-22 © 2022 Fannie Mae HAMILTON/KeyBank (2021 MCFA) 65624749-v5

| nolA—a —r abe„ aw,.e.eelalusN: ~,aB.LLp naaA.rrvrlYe.o Jasrn lw.rb. Nd19: + " t '~"r~ ' I1L Oa All' '~"""''"'~'"'Om""`• ~tl.arrab•tK:lewe Cab LLL Other than P ersona or entltlee a cmcelly lbentmed on this o anlzetional chart, there is no: I U.S. person pe Y ( t "r.Vni`i.n lint °x or entity ign p erso m the e app wise ter.25% or more of the direct or indirect direct m(e i ect m ne r al l ip or (n] foreign person or sniffy who owns, m the aggregate, 10% or more of the direct or indirect oEmerenlp Cu-Trnct.e Interests in Borrower. Unless otherwise Indicateil, all mdlvlduale Identified on this organizational chart are 6e':T E. Miarr..I U.S. citizens. cc-rr,,an• •This aggregate amount takes Into account any direct of Indirect ownarshlp interests In Borrower held by a 4nor.w L. B:oo.- person a Immediate Family Members (which term Includes an Individual's child. otepcevlld, grandparent .rr s spouse. among, step-sibling, parent or step-parent(_ eo-rrretee it ,_,.__e-_,__w Ja In eson Brcr: n er . euaxyr naa noun w: .narW arruHy u Harold Brown Charitable Lean Ann'. I' 4Tr Hadar Brb.nl Jem.fOn Brown 1001E Role Member led% tow Member Ronaltl Brown NBC Holdings, LLC Melcl. Br,.n LLC JPB Reel Eltat. LLC 26.00% Orne nhlp In OP shares Ronald arown 67.601E ownenhlp In OP 17.60% ownership In OP 10.26% ownenhlp in Borrow r, Ihro uon r . . RR.1, In..), 76.001f ownenhlp In 011112 NERA LP mono 26.00% In Clacc B NERA LP Are— eharec 1.20% ocmbin" Int.nct in Borrowwer; rs U.1 Clbnn 11.11% ownenhlp In Class A NERA LP Shorn men; 10.176% own•rcnlp In 10.376% own•rohlp In. 121.60% Indlnpl ,wmnlllp In Bortow.n) 14.76% ownenhlp In Barto'sar6 Borrowan) Borrows 36 Brighton Aran.. throboh cis[; a NERA la Brtohlon Afloat 30 Brldhton Av.nue All 9ban, e MA 02134 W.i4 ul N+n..un ,+nv.~r~~uw i.lv E.Miv.l. tlu. Jul Inl.nale l-6.20% pom Int.nct In B.rtowar Al MA A021St All [lon, MA 02134 M.+.pr. m nmr m.mLr muua.r, 6nlaerc i Board of Dlnp — Ro e Jamawn semen ;rraasu ,,I Dnacleri Llsbaln IV C c ckrq iS-.Iaryl Dodd Wol[c;Dr 11 Ja0B1ao11 BrOYIII N.wft.il, Ina.lMAl Llpnlna Al fund, IDi'-W: . direct own8ror Chl" A Cl...A .Andre. L NERA LP Shares Llmlhd Pertn.n Clacc E LImHeO F erfn arc Gen.,., F.— n 1 1 1'DI'acl IDI•aslbrl 1 0 03% Publicly Tnd•d on NY IE 19 i0k '.CGh Sal 0 I 1 R.1 al Davtl! ROMr (DlrccG'I ROdaID Brown 30.00% 30 Br gnbn Avanuc 5.20% DCect owner of Class A AIL•!o,. MA C213x NEAR LP shares No h dom.dlo luster,dual or or r. 1, {, 89orrpw.n a6 0 f Ineluleu+l o..nbh ovnlnn Ne'RR•el, Ind. 1..11. the Non-Memb.r Manage, or...h LLC sorrows' noted I Ex•punve omoerc i Ronaw arown P n sid.nl U.t Calxen Jam. wn ar— Tns6unr New England Realty Associates Limited Partnership (MA) U., ctux.n Key Principal Publically Traded NYSE ("NEN") 39 Brighton Avenue Allston, MA 02134 100% Member WCB Associates, LLC (DE) Non-Member Manager. NewReal, Inc. (MA) 10 Westland Street Brockton, MA Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Form 6601.MCFA Page 11 Schedule 13 (Ownership Interests Schedule) 12-22 © 2022 Fannie Mae HAMILTON/KeyBank (2021 MCFA) 65624749-v5

| CO-True LOB rely E. Mlahnol Co-TruclO. :<ndnw L. Bloat, Co-mud.. Jamewn Brown nail. 1* ~.w...I ' rte' ti Ida..w...rlawa,en.. W~ilr; ri~a, u' a.e,eranwaK lrh ear,,,. Isr.Lu'~ ~"rir roy Nola: en persons orentnses epaclncaU4 identified on this organlzallonalchart there to no: I) U.S. person wt10 owns, In the aggregate•, 25% or more of the direct or Indirect ownership Internal, in Borrower sign person or entity Ivho owns, In the aggregate. 10% or more of Inc direct or Indirect ownership I In Borrower- Unless otherwl,e indicated. all Individuals Identified on this Organizational catart are 'ene. gregate amount takes Into account any direct or Indirect ownership Interests In Borrower held by a Immediate Family Members {which term Includes an IndNNlual'* child, stepchild. grandparent, sibling. step-el➢ang, parent or atop-parontl. JPB/HBC Rea! Elbe LLC L'r _L- ~.06T". iriJ HBC Holding,, LLC I MA! 71.0ex ownennlp in Clas, B NERA LP Instil 17.11%ownennlp in CI.Cc A NERA LP than, 113.110% Indirect o,n.rcnlp in Borrowers) U Brighton Avenue Allston, MA 02114 ie of M1 r. .rn.ar ,,Iy E.Mivel. eee klw+.M,..i. irun.,ri.n,l.r n,.nwpr. 0a1c,J &rows Cl-nrllabla Lela AnOulty rur1, 1 Me. Truce H1Mr B Jameson Brown 000% t0 Sole Nempar M tOaX ION Member gpnal0 Brown Match Br0'a, LLC JPB Real Estate LLC 26.00% o.m.renlp In oP aharec Ronald Brown 17.60%ownennlp In OP 17.60% o.anarahlp In OP 0.26X o'an0rs nip In Borrowers ihroupn NwaReal, Ino.}, 1.20% o0mbined Inle—t In Borrowers 26.00% In 011118 NERA IF Ihln, Snares U4 olden inert. 10.176% pwnerlhlp In 10.376% ownennlp In (4.76% omenhlp M Borrowarc Borrower.) Borrowarcl through Clasl B NERA 16 Brighton Arena. 9r Brighton Avenue INlnelsi, 6.20% aomblned Heston, MA 01134 Allston, MA 02194 halenet In 11-ever Ohioerc L Boers or olrl010rs Ronald Brown IPnsldenl aid Clre00'I m 11 m Bros, (no. !rand Olncic; ,0110 MCCrackhy 19ecrabrvl 01.10 mouse ;o redorl Man— Albrand (OVacbc Aldrew L Bloch 0110100 Sal PA,,ha.' 101,010!1 021.01 R110r(Olrecarrr Limlbd Partners Class B Uml1ed PanU:nrc PubllelU Traded on NYIE te.OD% 50.00% No dpma,llo Ina Mllual or ; B ow.h nl and no foreign Ind 6B Nlduai or errlIHty ~err Ino tax or gnus! 3ortawan, other then noted NaIBRalI. Ino. IMAI 000 vat Partner ' 00% 0s erp1lon Avunu: mloicn, IAA 02130 NewReal, Ino. 11 .150 the Non-Member MullIgan of erbn LLC aurroes r New England Realty Associates Limited Partnership (MA) Key Principal Publically Traded NYSE (HEN') 39 Brighton Avenue Allston, MA 02134 99% Limited Partner of Clovelly Apartments Limited Partnership 100% Stockholder of Clovelly Apartments, Inc. Clovelly Apartments, Inc. (MA) 1% General Partner Clovelly Apartments Limited Partnership (MA) 0.03% direct owner of Clara A NERA LP Sharer Ronald Brown 3.20% direct owner or claaa A ItERA LP aherea Eaeaatve Omeerc Ronald Brown Preuldant U.i citizen Jameson Broan rn.cunr U. a Oluaen 160 Concord Street Nashua, NH Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Form 6601.MCFA Schedule 13 (Ownership Interests Schedule) 12-22 HAMILTON/KeyBank (2021 MCFA) 65624749-v5 Page 12 © 2022 Fannie Mae

| swl.— +~.. r: noAlwd J.w lbl cm 616 c-rncGe r"".uwa~l IsV E.AlIgnoel Antlnw L. Bwon baa5a,J'nMOc 'cc-: Jamecon Brown m.a~. v.egl. rr. e.v.u. , ,.... , ,_... JPB: HBC Rue Etteir Rote: Other than persona or antltHa tpecincallq Idanbned on this organizational chart, there Is no_ (( II U.S. person or entity who owns, In the aggregate', 25% or more of the direct or Indirect ownership mtereste In Borrower or (g) rorelgn person or entity who owns. In the aggregate, I0% or more of the direct or indirect ownership Interests in Borrower. Unlace otherwise Indicated. all tndlntC0ela Identified on this orgenllatlonal chart are U.S. citizens. • Thee aggregate amount taken Into account any direct or Indirect ooner.hlp Interest. In Borrower nerd by a persons immediate Family Members (which term Includes an Indl'oidual'e child, stepchild, grandparent spoils, sibling, step-emling, parent, or step-parent). ru a Truce Harold Brown 11,afnnAHG CM1 AnnulnI 1 1 111 ' `.-1111 1 penned, J. m.&on Brawn 0011 tole M.m D.r ::: 1::: 100% 1oG M.mb.r 0.pn.lp Brawn SIC Holding&. LLC M.ICG Brown LLC JPB R..1 EaGI. LLC 26.00M ownanhlp In OP 4h.rec nip In eo rfa..rc through IMA) Ronald Brown ii.ee%nwnenhlp In OP S].60%nan.rchl In OP a' 1.20% ewers sl, net t :a% oambined InGn6t in Borrowers 7f.00% orn.nnlp 15 0111. B NEIU LP Ihanc 26.00% In cla 11 B NERA LP Inenc 6h.nc UI Cltlun 11.6111 vwn.nnlp In CG.e A NERA LP thin. In.nf I0.3n% em.fcllip in 10.3)6% ownership in 120.60% Indlnelowmertnle M Borrowers) (e.r6% ownarchlp In Berroaarl Berro•eon.l Borrows&) 26 BrlgMon A..... through CIac6 B ERA Si Brighton Comb. 36 Brighton Avenue Allston. MA 121:4 In1.re 6t&i. 1.20% oombirod Alston, MA 02134 Allclpn, MA 02131 Cvuia of 1A.a..... I.n.. rw. tl. u...; 1.IY E. Ma •..I. bu. J _ I lnl.n6t In s o,,— Ren.Id Brown ,Prnldanr rA Di o ,.n Bmwn lT,a u • am on~<n. U%bolh M<C-ac Aly ISacrclar. Da.ld Abe ;Dfp rl Jarpeadn Brawn NawR.. l, Ine.IMA} Al.dlna Al01anal Inl .clar, 0.03% dlrsct owner of Class A NERA LP Shares 01.66* I Limited Partners Class 6 Llmltlo Partners Ge .c'.I Penner A1dre. L Beach fDl•eclec ~ Sall IAlch.ol IDI'oei0f; Pabliely Traded on NYIE 15 .00% 1 J0:'' [ay., 00k. hr.Xn:. i Ronald Brown 30.00% 35 BUnicf'. Aver.j, 3.20% direct owner undies A N0dgme6110 lno.ldual or Alston. MAo21]a NERA LP share. ens' o.1,lnu 26% or fore)pn Indlvloua!eof.~ bta• 1l.. Imp 10% or greater in Ore A.wRea , in. 16 also hi. NonJVe mo.r Menuner of rear, LLC Borrower Borrow. c, a op then noted Er.outiva Omur6 Coned Brown Pre cld.nt Ja ma an Brom Tn.6unr New England Realty Associates Limited Partnership (MA) u.t cmnn Key Principal Publically Traded NYSE ("HEN") 39 Brighton Avenue Allston, MA 02134 100% Member I Westgate Apartments Burlington, LLC (DE) Non-Member Manager: NewReal, Inc. (MA) I 105 Westgate Drive Burlington, MA Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Form 6601.MCFA Page 13 Schedule 13 (Ownership Interests Schedule) 12-22 © 2022 Fannie Mae HAMILTON/KeyBank (2021 MCFA) 65624749-v5

| J.erav, An~s~1'. al,v~aral r,.,.ww. I~r~LL~ ~.Lt,~vl~a~rrI,G~..~• enwAe;,Kt1. Ir— LiL rw•wh paril l N~a I~ co-rr➢ ate. 9a`r' E. Mlohael co-Tmat.. Andrew L. B.ah a.•w no.. Jame con Brown uv.a~an ~ar.~~w: Note: in persona or entitles opeclticalhy Icianbrlad on thla organAietlbnal mart, there is no: (Ii U.s. person who owns. In the aggregate•, 25% or more or the dues( or Indirect ownership interest. io Borrower sign parson or entity who owns. in the aggregate. 145. or more of fne director mdlrect ownership In Borrower. Unless otherwise Indicated, all Individuals Id0nbncd on this organizational chart are ens. aregate amount takes Into account any direct or Indirect ownership Interests In Borrower hold by a Immediate Family Members (which term Includes an IndlYmual'a CNIQ etepchlld, grandparent. 8151108, atop-elbling. parent. or atop-pannI). JPB"HeC Real Esla'.n LLC 2L 00'P i HeC. Ho,' ~.., E- .,, 5.007'4 Ind, ~. Harold Brown Charitable Lead Ann, It, r. ne, L'.F n a:.•raw.l'. ull, a VA True: Hene7 Brown Brown 100% Role Member 1020%0% let. Member HBC solo Ind.. LLC Melele Brown LLC JPB Rail E1601. LLC IMA) Ronald Brown 27.60% ownennlp in OP 17.60% awmarchlp In 0P 76.00%ownenhlp In Class B NERA LP Ihenc 26.00% In Clacc B NERA LP Bean. Iharea 17.11%ownennlp In Clare A NERA LP Inane lharas 10.376% nn.narehlp in 10.376k owners M1l➢ In 121.60% IndIr10I ownercnlp In Bortawerc) (e.76% ownennlp In eortoenrc Bgrrewen) Bortowerc) 35 Brighton Avenu. through Claac B NERA 05 Brlghtnn Aran u. 0. Brighton Avenue Allston. MA 02134 Inlencicf. 1.20% oombined Alston. 50 0213-4 Anaton, MA 02134 a.:.,a .114........ I.ni..sl a,u.i~.. h' E.-11 . au, I-" At. ~.K.~, .i r nunnwinar nIw14.,. Interact In Bor,.—r Jalrleaon Brown 0.03% direct owner of C loss A C11c6A Ina.IMAI NERA LP Sham' Limbed Partners L'I... B LIm11ed Part, rri Goriest Pan-,cr P utII1lY Tra dad on N Y l E Ronald Bro'an 30.O0k 30 Brq•don A— u•. 3.20% direct owner or Class A No domesllo Ind, ]dual or All:rpi, MA G≤1 J 1 NERA LP shares ;V g hr oranlne 26% or mare In • o o d .I" and no Porelpn Ind,a%uot Ill erldl>j wnlnp pns er M N—Reel, no. Ir else Ae Non-M—b•r Men. 0'r a of coal, LLC I:orrc.4, Bortawsra. oOlsr then nghd ebo.•. New England Realty Associates Limited Partnership (MA) Key Principal Publically Traded NYSE (••NEN-) 39 Brighton Avenue Allston, MA 0213A 100.% Member School Street 9, LLC (DE) Non-Member Manager: NewReal, Inc. (MA) 9 School Street Framingham, MA Ronald Brown 26.00%ownennlp In OP In.nc (0.26% wanennlp In Barrwwen through NewBeel, eel. 3.20% nambin•d Into..;) In Borrowers U.3 CIOne Dittoes t Board of Direston li:onald Brown (Proaldant aid Enrol' -- lamrano Brawn iTraasurs - 401 Dlrecl.. Lisbalh NaC•4ikty ISearelar,i hand A1011,0 IDrs010rl L14RIna Al Llandl 1o1'aclenl Andrew L Bloch IDl•acior) 5.1r Micheal IDI•aclor; scow J ROIBI{Dlrcdto•I E,.Ouhve Oeloerc Ronald Brown President 11.5 CiI3en Jame sari Brown Tnacunr 0.1 cmnn Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Form 6601.MCFA Page 14 Schedule 13 (Ownership Interests Schedule) 12-22 © 2022 Fannie Mae HAMILTON/KeyBank (2021 MCFA) 65624749-v5

| 00n Cw,JtSaC .i50r 00*!, ilCrr rLL; cis. , I'ewrl;ewr ~iehimr „ ' Note: pulxl wJ31tl na.~ ei•._umnr.' Ofaer than persona orenitBea apacmcaM IclanUnaa on (tote orgenlzadonal chart, there la no: l) U.S. person Co-Tn.tee or ~in Illy who owns In thee grog ate', 25.1 or more or Nis direct or loll t owners nip Into a. R In Borrower Oily E. Michael or (II) lore)gn person or entry who owns, In ties aggregate, 10% or more of the direct or IndEecl ownership Intereito In Borrower. Unless otters-wine Indicated. all IndlvIduale Idenllned on this drganliandnal chart are Co-rn,eeae U.S. chliens-APOr•w t. Baooh beer •Thla acgregats amount takes into account any direct or Indirect ownership Interests In Borrower held by a co-Trust•• peroon s Immediate Family Members (which term Include* an mdiYlduars child. Stepchild, grandparent, Jam•.oh amxn eor . a. eIh w -rru: spouse, sibling, step-elbilog, parent or elap-parent). a..il a.....rVn r.. bray .rd. sva- W. JPn;HBC Rea' EMatn LLC I nJ N Box L-HOC Holdings. LLC IMA) 76.00% own.reelp In Class B NERA LP She ns 17.11% ownenwlp In CI... A NERA LP Thant 124.60% Indlnot owntnhlp in Bonpwen) i1 Brighton Anna. Allston, MA CZ134 • oo,4 u! M...eV. la,,,..w, i, .. n; S.Ir E. Miv.l: 10.201 M...Mr..r. n.n.,..mb. m.naVr. Hadley Brown Jemecon Brown 100% 4.1. M.mper 100% lOlt MenDer Mel.le Brown LLC JPB Real Estate LLC 17.60% ownership in OP 37.60% ownarchlp In OP roan. linens Ia.D71% awnsr.nlp he (0.776% olentr.nle In ewrrowanI Borrowers) is Brighten Ae..o. is Brighton Avenue Aston, MA 02144 Allston, MA 02134 NtantM, ino.I MA.. SOnora Fanner i.aaww 7901011110 Ai101J0 Alston MA02'34 New Real, Inc. Is M.0 me Han-INmbee Manager of each LLC Borrower Ronald Brown 26.00% ownership In OP rnerec (0.26% o'ene rahlp in Borrowers through 11.-OR..,. or, 7..20% 0001511.2 In bred in Borrowers 0.1 Cmten dmoer. & Board 01011.01011 Ronald Brown IPrasldanl aid Cirec' ianlul0fl ar, n j r.a arA Dlrrcic.. 1150019 P.' C-ackrq Iiacrtlar1l 012.10 AJdua ;D 1001011 Marina AI 0,0141 10100107 Anarww L Bloch iD l'.cior 5aly Michael 1Deeclor; 0270 J Relart0lrrcro i E..puuv. 01110.11 Ronald Brown Pre., ..t U. cdlten Jameson Eros, .err J. CM.- Ronald Brown 26.00% In Class B NERA Lie 1nen. (4.71% ownership In Borrow.n thnu0h Cull B NERA In1....1.1, 4.20% oanbined lnten.t in Borrower 0.03% direct owner of Class A I Class A NERA LP Shares I LimIted Partner CiICt a Limbed Partner; Publicly Traded OR NY CE 14.00% Ronald Brown 40.00% 5.20% direct owner of Claa s A 1Noo dom.stlo Indr.ldu.i or NERA LP floes-el en hi owning 21% or foie In til 9 q foreign indloldali er.r t In Re n0 Borrower;, other (nan noted .bore. New England Realty Associates Limited Partnership (MA) Key Principal Publically Traded NYSE ("MEN") 39 Brighton Avenue Allston, MA 02134 100% Member NERA Dean Street Associates, LLC (DE) Non-Member Manager; NewReal, Inc. (MA) 38 Dean Street Norwood, MA Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Form 6601.MCFA Page 15 Schedule 13 (Ownership Interests Schedule) 12-22 © 2022 Fannie Mae HAMILTON/KeyBank (2021 MCFA) 65624749-v5

| nrul. T a.a, nero.r.r - r.nb on, .4nri u.m% In.:a~.r . dies.... ~ 11L (y,1~' neoy,glNfe:ler COS LLL d0O LLl.rd ~,l..Iwa Layo-rua;ee E. Wheal Cd-Treat.. Aaar L. B11r a-rrascen Jame con Brs.:.. nvwry, Ia... Cv w, ui JPa:HBc P,ea' estate Harold Brown Chem[ Trust, a'* NOW Other than persona or edtlllea spectncalrV loentinen on tali organizational chart, there la no: (( I) U.S. person or entity who owns, In the agpgregate•, 25A or more of the direct or indirect ownership interest. In Borrower or(S) foreign person or notify who owns. In the aggregate, 10% or more of the direct ormdlrect ownership interests In Borrower. Unless otherwlee indicated, all Indi'Adualu Iden0ned on this organizational chart are U.S. citizens. •inla aggregate amount takes Into account any direct or Indirect ownership Interaelo in Borrower held by a person s Immediate Family Members (58111th term Includes an Indlvlaual'a chlla. etapchltd, grandparent spouse, hmling, slap-sibling, parent, or uap-parent). - Haney Brown Jameson Brown 100% tole Mem Our 100% 1o. Member HAG Holdings, LLC Malsla Brown LLC JPS Reel Estate LLC I MA) Ronald Brown 11.60% ownarehip In OP 17.60% ownership In OP ]a08%dwnershlp In Cleas B NERA LP Inans 26.00% in Class 08118* LP lneres Shares 0731% ewnarthlp In Class A NERA LP fineres Beans 10.3]6% ownership in 10.3]6% ownership In 23.60% Indlreot owmrihtp In Bortowers) fa.7i%ownership in Borrowers Borrowers] Bortawers9 SB Brlgnton A,.nu. through Class B NERA 36 Brighton Avenue a1 Brighton Aetna. Allston, MA 02104 Interests!. 1.20% oambined Alston, MA 02124 Allston, MA 02134 aw,aaf Ma, .I.iarr.n Diu , 1. M1.vvl. in. 'dl 41.a..µ i..,r nun ,„vniLv n.i a.~,• Interest In Berroalr Jameson Brown 0.03% dhact owner of Class A ':1.65 * Na aRaal. we. (MA) NERA LP Shares LIm INd Partners Class B LImlled Partners Cx aural Pa 1n. ?-.lbll0ly Traded on 511 111 16.00% I. CC', Ronald Brown 30.00% 3s Bngl'vol Atones 3.20% dhectowner or Class A so d—ItIll lnd:n0uei or AIminn. LIa 03134 NER A LP shares ppen ,pn, wlergs one no fo r paj gotta Indlvldua%or e 84E owning fla'wPeel, In-. Is .11.8 the Non-Mamba- Manager of.aan LLC Borrower 10% or graatar In One eortowera, other than noted .Dove. New England Realty Associates Limited Partnership (MA) Key Principal Publically Traded NYSE ("NEN") 39 Brighton Avenue Allston, MA 02134 100% Member Westgate Apartments, LLC (DE) Non-Member Manager: NewReal, Inc. (MA) 2-20 Westgate Drive Woburn, MA Ronald Brown 26.00% o....hlp In OP shares 10.26% oa...ranlp in Borrowers through New Rel, Int.). 6.20% odmbined Inter. tIn Borrowers 0.1 Cldzan Onloers L Board of Dlreotora Ronald Brawn $ Prcoldent a ld Greco• I id'„es4n Brown Troasurr' and 0OO0,0,, Lisbalh WcC'ackrq ISecroCr,I Gala A,.IL. ;D 10[1]11 Llariina Amrandl IDrocmr; Aidre.e L Blocs 0,4001 Sale IAIchael 10100101; Dave, Rmor;Dllc_t4-1 Eaeoehve omoers Rona;d Brown Pr. C Idiot u. a c mean J... con Oman Treasurer as [mean Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Form 6601.MCFA Page 16 Schedule 13 (Ownership Interests Schedule) 12-22 © 2022 Fannie Mae HAMILTON/KeyBank (2021 MCFA) 65624749-v5

| Note: 'o""i ,10eih. d J l"' Otteer then persona orentitlu. speclncany Identified on this organizational chart there I. no: II) U.S. person ti r ar entty was ovme. In the aggrsgeiB', 25,5 or more of the direct or Indic ct ownership internals In Borrower e. nup~eel or pry foreign person or entity woo owns, m the aggregate. Tdfh or more of the director Indirect awnarsnip Misrule in Borrower. Unless otherwise Indicated. all Individuals Identified on this orgenlzatanal Chart are U.S. citizens. - p-T r:lttae onen'A c. 01000 re.exw~ '711.1, aagragate amount tube. Into account any direct or Indirect Ownership Intereeta In Borrower held by a Parson . hnmed..ta Family Member, (which term Includes an Indlvtduat'e Child, etapchim, grandparent, Cr_rr. Cree :tl 1 a ,. souse. p sibn. g all p- .lbUn g, perenL or ebp-parentl-N6 I II I He., B.— Je me¢on Brawn 100% sole N.m4•r lap% icH Alemb•r held Brown NBC Holding[, LLC Me1611 Brown LLC JPB Reel E[iel• LLC 2f.0a%oxn.nnlp In OP inenc NA) l a.2e% om•r¢Nlp In aprrpw•n Nnugn N.wOeM, Inp.). Roneltl Bvwn i}.ao%oxnenhlp In OP E) 60% cw n•nhlp In OP 3:0% oomaln•0 mdn cl In 0ortpwart 6 UC%oxnorenlp In Clete 011ER4 LP INne 1:.91%axner.nlp In Cu¢. A IIE R1 LP Ih.nt p6.00%In Cia t[ 0 NERA LP Inena IAerat U.iTa%oAn•r.Mp In share. Ip.1}6% own•rtnlp In O.1 CltNen 111.60% Indlnet.—r[nrp In eortpw.n) 14.Tfi% nwnertnlp In Bpwpwert Btlrnw , Bortpwer.) S9 HriOnton Avenu. 1n."t, Claet B XERA i0....Wn Arenpe a. 0dpntpn Avenue .11,o . NA 03184 Ini....t¢i- e. 0% IMtl Aa[bn. MA I!— mt•r.ct in So,=' Allelon, NA 02104 4vr4uf lA.n..u. rJin.,., .v ~: ul: brr. rl .I Lluvt.,. ar. nun n~ nibs u,nu.ur. CRlpnr: S Ecara e! ~Irep.ar. J aB on Brown 0.03`6 dhec(owner or Close A 'II.[ A NexReel, Mp. IMA I NERA LP Shares Llmlbtl Pertnere deal 6 LImi .d P.rc ut.r General Pd1rc-OceaniY Traded on NY Jr 1100% I CO. Ronald Brown ie.oam he Shin-On Conrad -•,.. - - . 5.20f4 direct owner of Class A Na dome tlla Indrrieuel or Alelu-, ere m Ica It ERA LP aharea c6y' oor ring 24% or mer. In d no foreign Ind tu M o r or fi q t t er N/~nnmg 1n%.1 anee rt In Niwnell, ice. le M[o the Mon-Member Manager cruet LLC earriwer Bormw.r.,ou r in.. noted • Ereouflve OMwr. Coned Brown Pr..ltleni V.e Cheer New England Realty Associates Limited Partnership (MA) u.e J e n scorn Tne[u r cm aen Key Principal Publically Traded NYSE ("HEN") 39 Brighton Avenue Allston, MA 02134 100% Member Hamilton Highlands, LLC (MA) Non-Member Manager: NewReal, Inc. (MA) 757 Highland Avenue Needham Heights, MA [Remainder of Page Intentionally Blank] Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Form 6601.MCFA Page 17 Schedule 13 (Ownership Interests Schedule) 12-22 © 2022 Fannie Mae HAMILTON/KeyBank (2021 MCFA) 65624749-v5

| SCHEDULE 21 TO MASTER CREDIT FACILITY AGREEMENT Agreement Restricting Rent, Income, or Both The foregoing Master Agreement is hereby modified as follows: 1. Capitalized terms used and not specifically defined herein have the meanings given to such terms in this Master Agreement. 2. The Definitions Schedule is hereby amended by adding the following new definitions in the appropriate alphabetical order: "Agency" means, with respect to a Rent Restriction Agreement, the applicable governmental unit, agency, authority or other public body identified as "Agency" on the Summary of Master Terms. "Rent Restriction Agreement" means, individually and collectively, the "Regulatory Agreement(s)" or "Recorded Use Restriction(s)" between Borrower and the Agency (or otherwise enforceable by the Agency) and identified on the Summary of Master Terms that restrict(s) all or a portion of the residential units at the Mortgaged Property for occupancy by tenants with limited incomes and/or which restrict(s) the rents that can be charged for such units. 3. Section 3.02(a) (Personal Liability Based on Lender's Loss (Partial Recourse)) of the Master Agreement is hereby amended by adding the following subsection to the end thereof: (11) any failure of Borrower to comply with Section 16.02(b) (Covenants Regarding Rent Restriction Agreement) that constitutes an Event of Default under Section 14.01(b)(5) (Events of Default Subject to a Specified Cure Period) of this Master Agreement. 4. Section 14.01(b) (Events of Default Subject to a Specified Period) of the Master Agreement is hereby amended by adding the following provision to the end thereof: (5) any failure by Borrower to comply with Section 16.02(b) (Covenants Regarding Rent Restriction Agreement) of this Master Agreement, which failure continues beyond the expiration of any applicable cure period specified under the Rent Restriction Agreement. Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Schedule 21 (Agreement Restricting Rent, Income, or Both) HAMILTON/KeyBank (2021 MCFA) 65624749-v5 Form 6253 [modified] 05-24 Page 1 © 2024 Fannie Mae

| 5. The following article is hereby added to this Master Agreement as Article 16 (Items Related to the Rent Restriction Agreement): Article 16 ITEMS RELATED TO THE RENT RESTRICTION AGREEMENT Section 16.01 Representations Regarding Rent Restriction Agreement. Borrower represents and warrants that: (a) the Rent Restriction Agreement is the only agreement, contract, or arrangement (recorded or unrecorded) affecting the Mortgaged Property or Borrower that (a) restricts all or a portion of the residential units for occupancy by tenants with limited income, and/or (b) restricts rents that can be charged for those units, including restrictions developed in accordance with the affordability requirements of any state or local zoning regulation, real estate tax abatement program, loan program, or similar state or local program. True, correct, and complete copies of each Rent Restriction Agreement, including all amendments thereto, are attached to the Summary of Master Terms; and (b) Borrower is in compliance with all requirements of the Rent Restriction Agreement. Section 16.02 Covenants Regarding Rent Restriction Agreement. Borrower covenants and agrees that: (a) within three (3) Business Days after Borrower's receipt, Borrower shall provide Lender with a copy of any default notice, warning letter, or similar communication with respect to the Rent Restriction Agreement and shall identify the manner in which Borrower or the Mortgaged Property is alleged to be non-compliant; (b) Borrower shall comply with all requirements of the Rent Restriction Agreement; (c) in the event that any Rent Restriction Agreement requires Borrower to provide evidence of compliance to the Agency (or its designee), Borrower shall provide Lender with copies of all such reports, certifications, and documents within five (5) Business Days after submitting the same to the applicable Agency (or its designee); and Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Schedule 21 (Agreement Restricting Rent, Income, or Both) HAMILTON/KeyBank (2021 MCFA) 65624749-v5 Form 6253 [modified] 05-24 Page 2 © 2024 Fannie Mae

| (d) the Rent Restriction Agreement may not be amended, modified, or terminated without the prior written consent of Lender. [Remainder of Page Intentionally Blank] Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Schedule 21 (Agreement Restricting Rent, Income, or Both) HAMILTON/KeyBank (2021 MCFA) 65624749-v5 Form 6253 [modified) 05-24 Page 3 © 2024 Fannie Mae

| SCHEDULE 21-A TO MASTER CREDIT FACILITY AGREEMENT ADDENDA TO SCHEDULE 2— SUMMARY OF MASTER TERMS Agreement Restricting Rent, Income, or Both IV. Agreement Restricting Rent, Income, or Both Regulatory Agreement/ Type of Rent Recorded Use For Borrower Restriction Restriction Agency: Dated: Owning: Agreement: Document Name, each attached hereto as Exhibit A: Hamilton Highlands ® "Regulatory Regulatory Needham February 13, 2018; Agreement" Agreement and Affordable and recorded Declaration of Housing Trust February 16, 2018 OR Restrictive Fund in Book 35803, Covenants for Page 271 in the ❑ "Recorded Rental Project Norfolk County Use Restriction" Registry of Deeds, Commonwealth of Massachusetts [Remainder of Page Intentionally Blank] Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Schedule 21-A (Addenda to Schedule 2 - Agreement Restricting Rent, Income, or Both) HAMILTON/KeyBank (2021 MCFA) 65624749-v5 Form 6102.23 (modified] 11-23 Page 1 © 2023 Fannie Mae

| EXHIBIT A TO ADDENDA TO SCHEDULE 2— SUMMARY OF LOAN TERMS (Agreement Restricting Rent, Income, or Both) See attached. Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Schedule 21-A (Addenda to Schedule 2 - Agreement Restricting Rent, Income, or Both) HAMILTON/KeyBank (2021 MCFA) 65624749-v5 Form 6102.23 [modified] 11-23 Page 2 cO 2023 Fannie Mae

| Pk 358O3 P271 -13oOS O2-16-2131S a 1O 16cz NEEDHA (AI3FORDABLE HODS NP 'RUST FUND AN AN OFF I CIAL OFF I C I AL C 0 ULATORY AGREPWT$T Y AND DECLARATION OF RESTRICTIVE COVENANTS Af4e4- Rf fit c * ge % FOR RENTAL PROJECT l *f5 Zc P! OOt fl' RECEIVED AND RECORDED NORFOLK COUNTY REGISTRY OF DEEDS DEDHAM, MA CERTIFY WIW*K P. O'DOtiNEtL, 61S1[ This Regulatory Agreement and Declaration of Restrictive Covenants (the "Agreement") is made this 1 "' day ofF2h . 20JSby the Needham Affordable Housing Trust Fund ("the Trust"), and Webster Green Apartments, LLC, havingt a address at 369 Lindsay Pond Road, Concord, MA 01742, and its successors and assigns ( Owner"). WITNESSETH: WHEREAS, the Owner intends to convert a market rate rental housing unit to an affordable one in the development known as Webster Green at 757 Highland Avenue in the Town of Needham, more particularly described in Exhibit A (the "Project") attached hereto; WHEREAS, such development consists of an existing total number of 76 rental dwelling units (the "Units") and another Three (3) market units will be created (the "New Market Units"), One (1) additional (i.e., not necessarily one of the New Market Units) unit (the "Affordable Unit") will be designated and rented at the rent specified in this Agreement to Eligible Tenants as specified in paragraph two of this Agreement (the "Low and Moderate Income Units"); NOW, THEREFORE, in consideration of the agreements and covenants hereinafter set forth, and other good and valuable consideration, the receipt and sufficiency of which each of the "v parties hereto hereby acknowledge to the other, the Trust and Owner hereby agree and covenant as follows: I . Construction. The Owner agrees to designate the Affordable Unit in accordance with plans and specifications approved by the Trust such that it must be indistinguishable from other Units in the Project from the exterior and must contain complete living facilities including but not limited to a stove, refrigerator, kitchen cabinets, plumbing fixtures, and washer/dryer hookup or access to an on-site laundry. The Affordable Unit shall contain two bedrooms and have a total living space of at least 900 square feet. During the term of this Agreement, the Owner covenants, agrees, and warrants that the Affordable Unit will remain suitable for occupancy and in compliance with all federal, state, and local health, safety, building, sanitary, environmental, and other laws, codes, rules, and regulations, including without limitation laws relating to the operation of adaptable and Rental Regulatory Agreement Page 1

| Bk 35803 Pg272 #13008 accessible housing for the har~li~apped. The Project must c~nplyjwith all similar local codes, ordinances, and by-laws. A N A N 2, Affordability. I 7 it I Ahout the term oaf t!us Ne pe A L g e,n t, the Affordable Unit will be rented for no more than to renal rates set forth herein to an $ligible Tenant. An Eligible Tenant is a household whose annual income does not exceed eighty percent (80%) of the Area Median Income adjusted for household size as determined by the U.S. Department of Housing and Urban Development ("HUD"). A "household" shall mean two or more persons who will live regularly in the Affordable Unit as their primary residence and who are related by blood, marriage, or operation of law or who have otherwise evidenced a stable inter-dependent relationship; or an individual. The "Area" is defined as the Boston-Cambridge-Quincy MA-NH MSAIHMFA/Non-Metropolitan County. (b) The monthly rent charged to tenants of the Affordable Unit shall not exceed an amount equal to thirty percent (30%) of the monthly adjusted income of a household whose gross income equals eighty percent (80%) of the median income for the Area, with adjustment for the number of bedrooms in the Unit, as provided by HUD. In determining the maximum monthly rent that may be charged for the Affordable Unit under this clause, the Owner shall include an allowance for any utilities and services (excluding telephone) to be paid by the resident. Annual income shall be as defined in 24 C.F.R. 5.609 (or any successor regulation) using assumptions provided by HUD. The initial maximum monthly rent and utility allowance for the Affordable Unit are set forth in Exhibit B attached hereto. Annually as part of the annual report required under Subsection 2(e) below, the Owner shall submit to the Trust a proposed schedule of monthly rents and utility allowances for the Affordable Unit. Such schedule shall be subject to the approval of the Trust for compliance with the requirements of this Section. The rent for the Affordable Unit shall not be increased without the Trust's prior approval of either (i) a specific request by the Owner for a rent increase or (ii) the next annual schedule of rent and allowance. Notwithstanding the foregoing, rent increases shall be subject to the provisions of outstanding leases and shall not be implemented without at least 30 days' prior written notice by Owner to the affected tenant. (c) If, after initial occupancy, the income of a tenant of the Affordable Unit increases and, as a result of such increase, exceeds the maximum income permitted hereunder for such a tenant, the unit will be deemed an Affordable Unit so long as the unit continues to be rent-restricted and the tenant's income does not exceed 140% of the maximum income permitted. If the tenant's income exceeds 140% of the maximum income permitted at the time of annual income determination, the Affordable Unit will remain so until the tenant's one-year lease term expires at which time the over-income tenant must voluntarily vacate the Affordable Unit and be replaced by an Eligible Tenant unless the Trust formally determines to waive or adjust this provision in writing at the time. (d) Throughout the term of this Agreement, the Owner shall annually determine whether the tenant of the Affordable Unit remains an Eligible Tenant. This determination shall be reviewed and approved by the Trust. Rental Regulatory Agreement Page 2

| Bk 35803 Pg273 #13008 (e) The Develc ebsh~ll enter into a written leash v thlthe tenant of the Affordable Unit which shall be for a milt m period of one year and w is provides that the tenant shall not be evicted for ayreso o iert nLa substantia1beah f am teal provision of such lease, or pursuant to the income in5re ses described in Section 2 e u der. 3. Non-discrimination. Neither the Owner nor the Trust shall discriminate on the basis of race, creed, color, sex, age, handicap, marital status, national origin, sexual orientation, familial status, genetic information, ancestry, children, receipt of public assistance, or any other basis prohibited by law in the selection of tenants; and the Owner shall not so discriminate in connection with the employment or application for employment of persons for the construction, operation or management of the Project. 4. Inspection. The Owner agrees to comply and to cause the Project to comply with all requirements of the Regulations and Guidelines and all other applicable laws, rules, regulations, and executive orders. The Chief Executive Officer of the municipality shall have access during normal business hours to all books and records of the Owner and the Project in order to monitor the Owner's compliance with the terms of this Agreement. 5. Recording. Upon execution, the Owner shall immediately cause this Agreement and any amendments hereto to be recorded with the Norfolk County Registry of Deeds and file this Agreement and any amendments hereto with the Registry District of the Land Court for the County where the Project is located (collectively hereinafter the "Registry of Deeds"), and the Owner shall pay all fees and charges incurred in connection therewith. Upon recording or filing, as applicable, the Owner shall immediately transmit to the Trust evidence of such recording or filing including the date and instrument, book and page or registration number of the Agreement. 6.Representations. The Owner hereby represents, covenants and warrants as follows: (a) The Owner is qualified to transact business under the laws of this State, (ii) has the power and authority to own its properties and assets and to carry on its business as now being conducted, and (iii) has the full legal right, power and authority to execute and deliver this Agreement. (b) The execution and performance of this Agreement by the Owner (i) will not violate or, as applicable, has not violated any provision of law, rule or regulation, or any order of any court or other agency or governmental body, and (ii) will not violate or, as applicable, has not violated any provision of any indenture, agreement, mortgage, mortgage note, or other instrument to which the Owner is a party or by which it or the Project is bound, and (iii) will not result in the creation or imposition of any prohibited encumbrance of any nature. (c) The Owner will, at the time of execution and delivery of this Agreement, have good and marketable title to the premises constituting the Project free and clear of any lien or encumbrance (subject to encumbrances created pursuant to this Agreement, any loan documents relating to the Project the terms of which are Rental Regulatory Agreement Page 3

| Bk 35803 Pg274 #13008 approved bM tlj Tjrust, or other permitted enfjurubi aces, including mortgages referred to inApagraph 16, below). A N O k' F I.C I A L O F F IC IA L (d) There is n8 qtip,uit or proceeding at lad o iI a my or by or before any governmental instrumentality or other agency now pending, or, to the knowledge of the Owner, threatened against or affecting it, or any of its properties or rights, which, if adversely determined, would materially impair its right to carry on business substantially as now conducted (and as now contemplated by this Agreement) or would materially adversely affect its financial condition. 7. Transfer Restrictions. (a) The Owner shall provide the Trust with thirty (30) days' prior written notice of the following: (i) Any change, substitution or withdrawal of any general partner, manager, or agent of the Owner; or (ii) The conveyance, assignment, transfer, or relinquishment of a majority of the Beneficial Interests (herein defined) in the Owner (except for such a conveyance, assignment, transfer or relinquishment among holders of Beneficial Interests as of the date of this Agreement). For purposes hereof, the term "Beneficial Interest" shall mean: (i) with respect to a partnership, any limited partnership interests or other rights to receive income, losses, or a return on equity contributions made to such partnership; (ii) with respect to a limited liability company, any interests as a member of such company or other rights to receive income, losses, or a return on equity contributions made to such company; or (iii) with respect to a company or corporation, any interests as an officer, board member or stockholder of such company or corporation to receive income, losses, or a return on equity contributions made to such company or corporation. (b) Prior to any transfer of ownership of the Project or any portion thereof or interest therein, the Owner agrees to secure from the transferee a written agreement stating that transferee will assume in full the Owner's obligations and duties under this Agreement. Casualty; Demolition, Change of Use (a) The Owner represents, warrants, and agrees that if the Project, or any part thereof, shall be damaged or destroyed or shall be condemned or acquired for public use, the Owner (subject to the approval of the lender(s) which has provided financing) will use commercially reasonable efforts to repair and restore the Project to substantially the same condition as existed prior to the event causing such damage or destruction, or to relieve the condemnation, and thereafter to operate the Project in accordance with this Agreement. Rental Regulatory Agreement Page 4

| Bk 35803 Pg275 #13008 (b) The Owner shad riet 4emolish any part of the Pr¢bj e substantially subtract from any real or personal property,ofithe Project or permit the useRf Niy residential rental unit for any purpose other ur'ngthe term ofjhtAigreterr~en aide s required by law. 9. Governing Law. 'his Agreement shall be governed by the laws of the Commonwealth of Massachusetts. Any amendments to this Agreement must be in writing and executed by all of the parties hereto. The invalidity of any clause, part, or provision of this Agreement shall not affect the validity of the remaining portions hereof. 10. Notices. All notices to be given pursuant to this Agreement shall be in writing and shall be deemed given when delivered by hand or when mailed by certified or registered mail, postage prepaid, return receipt requested, to the parties hereto at the addresses set forth below, or to such other place as a party may from time to time designate by written notice: Trust: Needham Affordable Housing Trust Fund 1471 Highland Avenue Needham, MA 02492 Owner: Webster Green Apartments, LLC c/o True North Capital Partners, LLC 369 Lindsay Pond Road Concord, MA 01742 With a copy to: Webster Green Apartments, LLC c/o True North Capital Partners, LLC P.O. Box 424 Winchester, MA 01890 11.Term. (a) This Agreement and all of the covenants, agreements and restrictions contained herein shall be deemed to be an affordable housing restriction as that term is defined in G.L. c. 184, § 31 and as that term is used in G.L. c.184, § 26, 31, 32 and 33. This Agreement is made for the benefit of the Trust, and the Trust shall be deemed to be the holder of the affordable housing restriction created by this Agreement. The Trust has determined that the acquiring of such affordable housing restriction is in the public interest. The term of this Agreement, the rental restrictions, and other requirements provided herein shall be perpetual. (b) The Owner intends, declares and covenants on behalf of itself and its successors and assigns (i) that this Agreement and the covenants, agreements and restrictions contained herein shall be and are covenants running with the land, encumbering the Project for the term of this Agreement, and are binding upon the Owner's successors in title, (ii) are not merely personal covenants of the Owner, and (iii) shall bind the Owner, its successors and assigns and enure to the benefit of the Trust and its successors and assigns for the term of the Agreement, The Owner hereby agrees that any and all requirements of the laws of the Commonwealth of Rental Regulatory Agreement Page 5

| Bk 35803 Pg276 #13008 Massachusetts to be satisfid order for the provisions of *i4#reement to constitute restrictions and covenants nnnr~ng with the land shall be deerpe1to be satisfied in full and that any requirements cgp .vyy ?f esta~YeRreLalso deeme8 tr ,b$,sa is8edjinAfuL. 12. Senior Lender k~oreclosure. (a) Notwithstanrng a ything herein to the contrary, but subject to the provisions of this Section, if the holder of record of a first mortgage granted to a state or national bank, state or federal savings and loan association, cooperative bank, mortgage company, trust company, insurance company or other institutional or governmental lender shall acquire the Project by reason of foreclosure or similar remedial action under the provisions of such mortgage or upon conveyance of the Project in lieu of foreclosure, and provided that the holder of such mortgage has given the Trust not less than sixty (60) days' prior written notice of its intention to foreclose upon its mortgage or to accept a conveyance of the Project in lieu of foreclosure to attempt to structure a workout or other arrangement to avoid such foreclosure, conveyance in lieu of foreclosure, or similar remedial action and the Trust has failed within such sixty (60) days to locate a purchaser for the Project who is capable of operating the Project for the uses permitted under this Agreement and who is reasonably acceptable to such mortgage holder, then except as provided below, the rights and restrictions herein contained shall not apply to such mortgage holder upon such acquisition of the Project or to any purchaser of the Project from such mortgage holder, and the Project shall, subject to Paragraph (b) below, thereafter be free from all such rights and restrictions. Notwithstanding the foregoing, the rights and restrictions contained herein shall terminate only to the extent it is financially infeasible to maintain the level of affordability required by this Agreement or some lesser level of affordability (i.e., affordable to persons or families with higher annual incomes than those required by this Agreement.) "Financially infeasible" shall mean (i) with respect to the operation of the Project, that the rent and other income from the Project is, or is reasonably projected to be, less than the reasonable expenses required (or reasonably projected to be required) to maintain and operate the Project and (ii) with respect to a sale of the Project, that the restrictions would prevent (or be reasonably projected to prevent) the senior mortgage holder from recovering all amounts due and owing with respect to its financing of the Project, including without limitation, principal, interest, charges, costs, expenses, late fees and prepayment premiums. Financial infeasibility shall be determined by the senior mortgage holder in its reasonable discretion after consultation with the Trust. The senior mortgage holder shall notify the Trust of the extent to which the rights and restrictions contained herein shall be terminated and the Owner agrees to execute any documents required to modify this Agreement to conform to the senior mortgage holder's determination. The Owner hereby irrevocably appoints any senior mortgage holder and the Trust, its true and lawful attorney-in-fact, with full power of substitution, to execute, acknowledge and deliver any such documents on behalf of the Owner should the Owner fail or refuse to do so. (b) The rights and restrictions contained herein shall not lapse if the Project is acquired through foreclosure or deed in lieu of foreclosure by (i) Owner, (ii) any person with a direct or indirect financial interest in the Owner, (iii) any person related to a person described in clause (ii) by blood, adoption or marriage, (iv) any person who is or at any time was a business associate of a person described in clause (ii), and (v) any entity in which any of the foregoing have a direct or indirect financial interest (each a "Related Party"). Furthermore, if the Project is subsequently acquired by a Related Party during the period in which this Agreement would have Rental Regulatory Agreement Page 6

| Bk 35803 Pg277 #13008 .-remained in effect but for 1e jrtvisions of this Section, thi ,4 rajament shall be revived and shall apply to the Project asAhcigh it had never lapsed. A N O E F I C Z E E C I A L (c) Notwithstandjgg dn th gAto e contraryO herei8, te removal of rights and restrictions on the Affordable Unit for any reason, including but not limited to operation of Section 12, will not affect the validity of the permits, zoning decisions, or any other legal instruments that allow for the New Market Units to be created. 13.Default. (a) The Owner acknowledges that the primary purpose for requiring compliance by the Owner with the restrictions provided herein is to create and maintain long-term affordable rental housing, and by reason thereof the Owner agrees that the Trust or any pro-spective, present, or former tenant shall be entitled for any breach of the provisions hereof, and in addition to all other remedies provided by law or in equity, to enforce the specific performance by the Owner of its obligations under this Agreement in a state court of competent jurisdiction. The Owner further specifically acknowledges that the beneficiaries of its obligations hereunder cannot be adequately compensated by monetary damages in the event of any default hereunder. In the event of a breach of this Agreement, the Owner shall reimburse the Trust for all costs and attorney's fees associated with such breach. 14. Mortgagee Consents. The Owner represents and warrants that it has obtained the consent of all existing mortgagees of the Project to the execution and recording of this Agreement and to the terms and conditions hereof and that all such mortgagees have executed the Consent to Regulatory Agreement attached hereto and made a part hereof. Executed as a sealed instrument as of the date first above written. Owner: Webster Green Apartments, LLC By: True North Capital Partners, LLC ,its Manager By: _ By: Needham Affordable Housing Trust Fund its Attachments: Exhibit A - Legal Property Description Exhibit B - Rents for Low and Moderate Income Units Rental Regulatory Agreement Page 7

| Bk 35803 Pg278 #13008 NOT NOT AN AN O F/~ d O ALTH OF MASS~CAU~EtTS L COUNTY OF s's l~ h/per 12 2O rh On this t day of rt'h r U u r 20 j~ before me, the undersigned notary public, personally appeared ≥✓ LLl1!)/1) ®-J2t P,ioe.-' proved to me through satisfactory evidence of identification, which were V. -/ G-' to be the person whose name is signed on the preceding document, as of the [Owner], and acknowledged to me that he/she signed it voluntarily for its stated purpose. DEBBIE D. SHAY Notary Public Commonwealth of Massachusetts Notary Public My Commission Expires Print Name: ) November 3Q, 2018 My Commission Expires: r r ~' b " COMMONWEALTH OF MASSACHUSETTS COUNTY OF ,ss. '`e-b.' , 20!E3 On this ~ day of } t' b. 2015 before me, the undersigned notary public, personally appeared K 4e. t~2pt m`c iLL ~ - ,~, , proved to me through satisfactory evidence of identification, which ere Y?e ; i. vw to be the person whose name is signed on the preceding document, tnt as ( e(, Jf fo i~" ti "st of '.. ~Z dlft a' n A JA), k ,. and acknowledged to me that he/she signed it voluntarily purpose. ~.~~ ,-,s • r ►y,a,, .. {.SSA• Notary Public Print Name :.1.}4eXcivCee My Commission Expire Rental Regulatory Agreement Page 8

| Bk 35803 Pg279 #13008 N o consent to Regulatory Agrq ni nt AN N The Under gr e e ng th j hQldEr of a mortegg oo tle boye t ~ietcribed Project recorded with the Norfolk Cotnty e istfypf eeds in Book 338 Page, 3 9hereby consents to the execution and recording of is Agreement and to the terms and conditions hereof. (name of lender) Brookline Ba By: its (If the Project has more than one mortgagee, add additional consent forms. Execution of the consent form by a mortgagee is only necessary if the mortgage has been recorded prior to the Regulatory Agreement.) COMMONWEALTH OF MASSACHUSETTS COUNTY OF ,ss. ~tc~1 ,20 t U On this a1 day of JJa personally appeared ' evidence of identification, which were name is signed on the preceding document, as 1S Coo(>\t- Bank, and ackno•' purpose. 201 before me, the undersigned notary public, proved to me through satisfactory {i eiiS(,..' r'- • , to be the person whose _c-sz, of vledged to me that he/she signed it voluntarily for its stated n A - Print Name: ? I nan 13 My Commission Expires: ZUZ t. PETER M. MORONEY ( V C10 mmonwealth of Mossochusetti MY Commis~on Exp{r84 ` R ril30,2021 ~',,~~ , ..fie .`.~~•,...F, ~r. ~; -- . h~7~\ '''ear,. ~" ~i 1e~:~?~~`~ _`.•~d. Rental Regulatory Agreement

| Bk 35803 Pg280 #13008 NOT AN Re: OFF IC I AL cO Project: Webster Breen Y Municipality: Town of Needham EXEITBIT A NOT AN OFF IC IAL COPY Owner: Webster Green Apartments, LLC Deed: Recorded at Norfolk County Registry of Deeds, Book 33802, Page 332 Property Description A certain parcel of land situated on Highland Avenue, Needham, Norfolk County, Massachusetts, together with any improvements situated thereon, as specifically shown as Lot 2 on a plan entitled "Plan of Land in Needham", prepared by Robert A. MacEwen, Registered Land Surveyor, dated January 10, 1984, which plan is recorded with the Norfolk County Registry of Deeds as Plan #472 of 1984 in Plan Book 310 and is bounded and described according to said plan as follows: Beginning at a point on the Northwesterly side of Highland Avenue, being the Southeasterly corner of the hereinafter described parcel: Thence running N 52°-38'-21" W 159.45 feet by land now or formerly of James C. Harkins and Charles J. and Ellen Wainwright; Thence S 31°-54'-04" W 97.33 feet by land now or formerly of Charles J. and Ellen Wainwright; Thence N 58°-54'-31 " W 40.00 feet by Cottage Avenue; Thence S 3 1°-05'-29" W 15,00 feet by Cottage Avenue; Thence N 58°-54'-32" W 25.54 feet; Thence along a radius of 3232.92 a length of 575.57 feet by land now or formerly of MBTA; Thence S 65°-50-24" E 145.02 feet by Lot 1; Thence N 56°-53'-36" E 101.57 feet by Lot 1; Thence S 51°-17'-24" E 180.18 feet by Lot 1; Thence S 06°-17'-24" E 56.57 feet by Lot 1, Thence S 38°-42'-36" W 470.12 feet along Highland Avenue to a point of nontangency; Thence along Highland Avenue by a curve having a radius of 1005.00 feet and a length of 43.89 feet, said curve having a chord bearing of S 37°-06'-22" W to the point of beginning.

| Bk 35803 Pg281 #13008 NOT EXHIBIT B NOT AN AN OFFICIAL OFFICIAL Re: Project: Webster9Green Y C 0 P Y Municipality: Needham Affordable Housing Trust Fund on behalf of the Town of Needham Owner: Webster Green Apartments, LLC Initial Maximum Rent, Utility Allowance and Tenant Rent for the Affordable Unit Initial Maximum Rent* Utility Allowance** Tenant Rent*** Studio units $ NA $ NA $ NA One bedroom units $ NA $ NA $ NA Two bedroom units $ 1 759 $ 50.00 $ $1,709 Three bedroom units $ NA $ NA $ NA Four bedroom units $ NA $ NA $ NA * Base rent based on state Local Initiative Program (LIP) requirements of 30% of 80% of the Area Median Income (AMI) for the Boston-Cambridge-Quincy, MA-NH Metropolitan Statistical Area for 2017 as derived from income limits published annually by HUD and adjusted by household size. For a two-bedroom apartment a household of three is used (number of bedrooms plus one). ** Utility allowance based on those that are provided by the Needham Housing Authority and dated January 1, 2017. The dollar amount listed assumes that the tenant will pay electric with owner paying heatlhot water, and water/sewer, *** Tenant rent is net of the utility allowance.

| EXHIBIT A TO MASTER CREDIT FACILITY AGREEMENT AND ENVIRONMENTAL INDEMNITY AGREEMENT SCHEDULE OF MORTGAGED PROPERTIES AND INITIAL VALUATIONS PROPERTY EFFECTIVE LOCATION COUNTY BORROWER INITIAL INITIAL DATE VALUATION* ALLOCABLE MORTGAGED FACILITY PROPERTY AMOUNT* ADDED TO COLLATERAL POOL Commonwealth 11/30/2021 1144 Commonwealth Norfolk and Commonwealth $80,300,000 $32,325,000 Apartments Ave, Allston, Suffolk 1144 Limited Massachusetts 02134 Partnership, a Massachusetts limited partnership Commonwealth 11/30/2021 1137 Commonwealth Suffolk Commonwealth $18,100,000 $5,440,000 Gardens Ave, Allston, 1137 Limited Massachusetts 02134 Partnership, a Massachusetts limited partnership Courtyard at 11/30/2021 140 North Beacon St, Suffolk North Beacon 140 $33,200,000 $12,683,000 North Beacon Brighton, Limited Massachusetts 02135 Partnership, a Massachusetts limited partnership Executive 11/30/2021 545 Worcester Rd, Middlesex Executive $16,200,000 $8,190,000 Apartments Framingham, Apartments Massachusetts 01701 Limited Partnership, a Massachusetts limited partnership Hamilton Oaks 11/30/2021 30 Oak St Extension, Norfolk and Hamilton Oaks $47,800,000 $26,666,000 Brockton, Plymouth Associates, LLC, a Massachusetts 02301 Delaware limited liability company Highland Street 11/30/2021 38 Highland St, Middlesex Highland 38 $6,600,000 $3,960,000 Apartments Lowell, Massachusetts Limited 01852 Partnership, a Massachusetts limited partnership Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Exhibit A HAMILTON/KeyBank (2021 MCFA) 65624749-v5 Form 6601.MCFA 12-22 Page 1 © 2022 Fannie Mae

| PROPERTY EFFECTIVE LOCATION COUNTY BORROWER INITIAL INITIAL DATE VALUATION* ALLOCABLE MORTGAGED FACILITY PROPERTY AMOUNT* ADDED TO COLLATERAL POOL Olde English 11/30/2021 714 Chelmsford St, Middlesex Olde English $16,000,000 $9,608,000 Village Lowell, Massachusetts Apartments 01851 Limited Partnership, a Massachusetts limited partnership Redwood Hills 11/30/2021 376 Sunderland Rd, Worcester Redwood Hills $28,500,000 $17,105,000 Worcester, Limited Massachusetts 01604 Partnership, a Massachusetts limited partnership River Drive 11/30/2021 3 River Drive, Essex River Drive $15,900,000 $9,543,000 Apartments Danvers, Limited Massachusetts 01923 Partnership, a Massachusetts limited partnership Westside 11/30/2021 10 Westland St, Plymouth WCB Associates, $32,100,000 $19,266,000 Colonial Brockton, LLC, a Delaware Apartments Massachusetts 02301 limited liability company Clovelly 11/30/2021 160 Concord St, Hillsborough Clovelly $18,900,000 $11,214,000 Apartments Nashua, New Apartments Hampshire 03064 Limited Partnership, a Massachusetts limited partnership Courtyard at 6/16/2022 105 Westgate Dr, Middlesex Westgate $8,400,000 $4,494,000 Westgate Burlington, Apartments Massachusetts 01803 Burlington, LLC, a Delaware limited liability company Hamilton 6/16/2022 9 School St, Middlesex School Street 9, $52,400,000 $26,993,000 Village Framingham, LLC, a Delaware Massachusetts 01701 limited liability company Stonebridge 6/16/2022 38 Dean St, Norwood, Norfolk NERA Dean $18,300,000 $10,322,000 Apartments Massachusetts 02062 Street Associates, LLC, a Delaware limited liability company Westgate 6/16/2022 2 Westgate Dr, Middlesex Westgate $77,100,000 $38,475,000 Apartments Woburn, Apartments, LLC, Massachusetts 01801 a Delaware limited liability company Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Exhibit A HAMILTON/KeyBank (2021 MCFA) 65624749-v5 Form 6601.MCFA 12-22 Page 2 © 2022 Fannie Mae

| PROPERTY EFFECTIVE LOCATION COUNTY BORROWER INITIAL INITIAL DATE VALUATION* ALLOCABLE MORTGAGED FACILITY PROPERTY AMOUNT* ADDED TO COLLATERAL POOL Hamilton 5/30/2025 757 Highland Ave, Norfolk Hamilton $35,400,000 $20,511,229 Highlands Needham, Highlands, LLC, a Massachusetts 02494 Massachusetts limited liability company *These reflect amounts in effect as of the date such Mortgaged Property was added to the Master Agreement. Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement Exhibit A HAMILTON/KeyBank (2021 MCFA) 65624749-v5 Form 6601.MCFA 12-22 Page 3 © 2022 Fannie Mae