<SEC-DOCUMENT>0001564590-20-018854.txt : 20200427
<SEC-HEADER>0001564590-20-018854.hdr.sgml : 20200427
<ACCEPTANCE-DATETIME>20200427164558
ACCESSION NUMBER:		0001564590-20-018854
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200422
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20200427
DATE AS OF CHANGE:		20200427

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			IRIDEX CORP
		CENTRAL INDEX KEY:			0001006045
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845]
		IRS NUMBER:				770210467
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1228

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-27598
		FILM NUMBER:		20820728

	BUSINESS ADDRESS:	
		STREET 1:		1212 TERRA BELLA AVE
		CITY:			MOUNTAIN VIEW
		STATE:			CA
		ZIP:			94043
		BUSINESS PHONE:		6509404700

	MAIL ADDRESS:	
		STREET 1:		1212 TERRA BELLA AVENUE
		CITY:			MOUNTAIN VIEW
		STATE:			CA
		ZIP:			94043
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>irix-8k_20200422.htm
<DESCRIPTION>8-K
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<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;margin-left:0pt;;text-indent:36pt;;font-size:10pt;font-weight:bold;letter-spacing:-0.1pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Washington, D.C. 20549</p></td>
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<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;margin-left:0pt;;text-indent:36pt;;font-size:16pt;letter-spacing:0pt;font-weight:bold;letter-spacing:-0.2pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">FORM 8&#8209;K</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;margin-left:0pt;;text-indent:36pt;;font-size:12pt;letter-spacing:0pt;font-weight:bold;letter-spacing:-0.2pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">CURRENT REPORT</p></td>
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<p style="margin-top:6pt;text-align:center;margin-bottom:0pt;margin-left:0pt;;text-indent:36pt;;font-size:11pt;letter-spacing:0pt;font-weight:bold;letter-spacing:-0.15pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">PURSUANT TO SECTION 13 OR 15(d) OF THE<br />SECURITIES EXCHANGE ACT OF 1934</p></td>
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<p style="margin-top:6pt;text-align:center;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:11pt;font-family:Times New Roman;font-weight:bold;">&nbsp;</p></td>
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<p style="margin-top:6pt;text-align:center;margin-bottom:0pt;margin-left:0pt;;text-indent:36pt;;font-size:10pt;letter-spacing:0pt;font-weight:bold;letter-spacing:-0.1pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">April 22, 2020</p></td>
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<p style="text-align:left;margin-top:6pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:11pt;font-family:Times New Roman;font-weight:bold;">&nbsp;</p></td>
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<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;margin-left:0pt;;text-indent:36pt;;letter-spacing:0pt;font-weight:bold;font-size:8pt;letter-spacing:-0.1pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(Date of Report (date of earliest event reported)</p></td>
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<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;margin-left:0pt;;text-indent:36pt;;font-weight:bold;font-size:11pt;letter-spacing:-0.1pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"></p></td>
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<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;margin-left:0pt;;text-indent:36pt;;font-size:22pt;letter-spacing:0pt;font-weight:bold;letter-spacing:-0.2pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">IRIDEX CORPORATION</p></td>
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<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;margin-left:0pt;;text-indent:36pt;;letter-spacing:0pt;font-weight:bold;font-size:8pt;letter-spacing:-0.1pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(Exact name of registrant as specified in its charter)</p></td>
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<p style="margin-top:6pt;text-align:center;margin-bottom:0pt;margin-left:0pt;;text-indent:36pt;;font-size:10pt;letter-spacing:0pt;font-weight:bold;letter-spacing:-0.1pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Delaware</p></td>
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<p style="margin-top:6pt;text-align:center;margin-bottom:0pt;margin-left:0pt;;text-indent:36pt;;font-size:10pt;letter-spacing:0pt;font-weight:bold;letter-spacing:-0.1pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">0-27598</p></td>
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<p style="margin-top:6pt;text-align:center;margin-bottom:0pt;margin-left:0pt;;text-indent:36pt;;font-size:10pt;letter-spacing:0pt;font-weight:bold;letter-spacing:-0.1pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">77-0210467</p></td>
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<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;margin-left:0pt;;text-indent:36pt;;letter-spacing:0pt;font-weight:bold;font-size:8pt;letter-spacing:-0.1pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(State or other jurisdiction of<br />incorporation or organization)</p></td>
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<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;margin-left:0pt;;text-indent:36pt;;letter-spacing:0pt;font-weight:bold;font-size:8pt;letter-spacing:-0.1pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(Commission File Number)</p></td>
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<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;margin-left:0pt;;text-indent:36pt;;letter-spacing:0pt;font-weight:bold;font-size:8pt;letter-spacing:-0.1pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(I.R.S. Employer<br />Identification Number)</p></td>
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<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;margin-left:0pt;;text-indent:36pt;;font-size:10pt;letter-spacing:0pt;font-weight:bold;letter-spacing:-0.1pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">1212 Terra Bella Avenue<br />Mountain View, California 94043</p></td>
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<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;margin-left:0pt;;text-indent:36pt;;letter-spacing:0pt;font-weight:bold;font-size:8pt;letter-spacing:-0.1pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(Address of principal executive offices, including zip code)</p></td>
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<p style="margin-top:6pt;text-align:center;margin-bottom:0pt;margin-left:0pt;;text-indent:36pt;;font-size:10pt;letter-spacing:0pt;font-weight:bold;letter-spacing:-0.1pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(650) 940-4700</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;;font-size:8pt;font-weight:bold;">&nbsp;</p></td>
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<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;margin-left:0pt;;text-indent:36pt;;font-size:8pt;letter-spacing:0pt;font-weight:bold;letter-spacing:-0.1pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(Registrant&#8217;s telephone number, including area code)</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:8pt;font-weight:bold;">&nbsp;</p></td>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:11pt;font-weight:bold;">&nbsp;</p></td>
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<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;margin-left:0pt;;text-indent:36pt;;font-size:8pt;letter-spacing:0pt;font-weight:bold;letter-spacing:-0.1pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(Former name or former address, if changed since last report)</p></td>
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<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;margin-left:0pt;;text-indent:36pt;;font-weight:bold;font-size:11pt;letter-spacing:-0.1pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"></p></td>
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<p style="text-align:left;margin-top:6pt;margin-bottom:0pt;margin-left:0pt;;text-indent:36pt;;font-weight:normal;font-size:10pt;letter-spacing:-0.1pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): </p></td>
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<p style="margin-top:6pt;margin-bottom:0pt;margin-left:22.3pt;;margin-right:0.21%;text-indent:-22.3pt;;font-size:10pt;letter-spacing:-0.1pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="Check1"></a><font style="font-size:10pt;letter-spacing:-0.1pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';"><a name="Check1"></a>&#9744;</font><font style="font-weight:bold;"></font>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</p></td>
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<p style="margin-top:6pt;margin-bottom:0pt;margin-left:22.3pt;;margin-right:0.21%;text-indent:-22.3pt;;font-size:10pt;letter-spacing:-0.1pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:10pt;letter-spacing:-0.1pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';">&#9744;</font><font style="font-weight:bold;"></font>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</p></td>
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<p style="margin-top:6pt;margin-bottom:0pt;margin-left:22.3pt;;margin-right:0.21%;text-indent:-22.3pt;;font-size:10pt;letter-spacing:-0.1pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="Check3"></a><font style="font-size:10pt;letter-spacing:-0.1pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';"><a name="Check3"></a>&#9744;</font><font style="font-weight:bold;"></font>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</p></td>
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<p style="margin-top:6pt;margin-bottom:0pt;margin-left:22.3pt;;margin-right:0.21%;text-indent:-22.3pt;;font-size:10pt;letter-spacing:-0.1pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:10pt;letter-spacing:-0.1pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';">&#9744;</font>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</p></td>
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<p style="margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;margin-right:0.21%;text-indent:0pt;;font-size:11pt;">&nbsp;</p></td>
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<td colspan="7" valign="top" >
<p style="margin-top:6pt;margin-bottom:0pt;margin-left:0pt;;margin-right:0.21%;text-indent:0pt;;font-size:10pt;letter-spacing:-0.2pt;letter-spacing:-0.1pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</p></td>
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<p style="margin-top:6pt;margin-bottom:0pt;margin-left:0pt;;margin-right:0.21%;text-indent:0pt;;font-size:10pt;letter-spacing:0pt;letter-spacing:-0.1pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Emerging growth company&nbsp;&nbsp;<font style="font-size:11pt;font-family:'Times New Roman';">&#9744;</font><font style="font-size:11pt;"></font></p></td>
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<td colspan="7" valign="top" >
<p style="margin-top:6pt;margin-bottom:0pt;margin-left:0pt;;margin-right:0.21%;text-indent:0pt;;font-size:10pt;letter-spacing:0pt;letter-spacing:-0.1pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&nbsp;&nbsp;<font style="font-size:11pt;font-family:'Times New Roman';">&#9744;</font><font style="font-size:11pt;"></font></p></td>
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<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Securities registered pursuant to Section 12(b) of the Act:</p>
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<p style="text-align:center;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Title of Class</p></td>
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<p style="text-align:center;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;;font-size:8pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:15%; border-bottom:solid 0.75pt #000000;">
<p style="text-align:center;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Trading</p>
<p style="text-align:center;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Symbol</p></td>
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<p style="text-align:center;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;;font-size:8pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:45%; border-bottom:solid 0.75pt #000000;">
<p style="text-align:center;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Name of Exchange on Which Registered</p></td>
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<td valign="top"  style="width:38%; border-top:solid 0.75pt #000000;">
<p style="margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Common Stock, par value $0.01 per share</p></td>
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<p style="text-align:center;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:15%; border-top:solid 0.75pt #000000;">
<p style="text-align:center;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">IRIX</p></td>
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<p style="text-align:center;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:45%; border-top:solid 0.75pt #000000;">
<p style="text-align:center;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Nasdaq Global Market</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-top:12pt;margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
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<p style="margin-top:0pt;margin-bottom:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;"><a name="_AEIOULastRenderedPageBreakAEIOU4"></a>&nbsp;</p>
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<td style="width:10.17%;"></td>
<td style="width:94.57%;"></td>
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<td valign="top"  style="padding-Top:0pt;padding-Bottom:0pt;">
<p style="margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Item 1.01. Entry into a Material Definitive Agreement</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The information under Item 2.03 of this Current Report on Form 8-K is incorporated herein by reference.</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.</p>
<p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On April 23, 2020, Iridex Corporation (the &#8220;Company&#8221;) received $2,497,199 (the &#8220;Loan Proceeds&#8221;) from a U.S. Small Business Administration Loan (the &#8220;SBA Loan&#8221;) from Silicon Valley Bank, pursuant to the Paycheck Protection Program established under the Coronavirus Aid, Relief, and Economic Security Act (the &#8220;CARES Act&#8221;).</p>
<p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The SBA Loan, which is in the form of a promissory note, dated April 22, 2020 (the &#8220;Promissory Note&#8221;), has a fixed interest rate of 1.0% per annum, a maturity date of April 22, 2022, and no payments are due on the SBA Loan for six months.&nbsp;&nbsp;There is no prepayment penalty.&nbsp;&nbsp;Pursuant to the terms of the SBA Loan and Promissory Note, the Company may apply for forgiveness of the amount due on the SBA Loan in an amount equal to the sum of the following costs incurred by the Company during the eight-week period (or any other period that may be authorized by the U.S. Small Business Administration) beginning on the date of first disbursement of the SBA Loan: payroll costs, <font style="color:#000000;">including employee benefits, any payment of interest on a covered mortgage obligation, payment on a covered rent obligation, and any covered utility payment</font>.&nbsp;&nbsp;The amount of SBA Loan forgiveness shall be calculated in accordance with the requirements of the Paycheck Protection Program, including the provisions of Section 1106 of the CARES Act, although no more than 25% of the amount forgiven can be attributable to non-payroll costs.&nbsp;&nbsp;No assurance is provided that the Company will obtain forgiveness of the SBA Loan in whole or in part.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">With respect to any portion of the SBA Loan that is not forgiven, the SBA Loan will be subject to customary provisions for a loan of this type, including customary events of default relating to, among other things, payment defaults, breaches of the provisions of the Promissory Note.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-top:0pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The description of the Promissory Note contained herein does not purport to be complete and is qualified in its entirety by Exhibit 10.1, incorporated herein by reference.</p>
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<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(d) Exhibits </p>
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<p style="margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10.1</p></td>
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<p style="margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
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<p style="margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a href="irix-ex101_7.htm"><font style="text-decoration:underline;">Paycheck Protection Program Promissory Note</font></a></p></td>
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<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:10pt;">&nbsp;</p>
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<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </p>
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<p style="margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;text-align:left;color:#000000;font-size:8pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
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<p style="margin-bottom:1pt;margin-top:0pt;border-bottom:Solid 0.75pt #000000;padding-bottom:0pt;margin-left:0pt;;text-indent:0pt;;text-align:left;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">/s/ David I. Bruce</p></td>
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<p style="margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;text-align:left;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">David I. Bruce</p>
<p style="margin-bottom:1pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;text-align:left;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">President and Chief Executive Officer</p></td>
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<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Date: April 27, 2020 </p>
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<TYPE>EX-10.1
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<FILENAME>irix-ex101_7.htm
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<p style="margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:8pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:3.2pt;;text-indent:0pt;;font-size:9pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">IRIDEX<font style="letter-spacing:0.95pt;"> </font>CORPORATION</p></td>
</tr>
<tr style="height:33.75pt;">
<td valign="top"  style=" border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000; border-left:solid 0.75pt #000000; border-right:solid 0.75pt #000000;">
<p style="line-height:13pt;margin-bottom:0pt;margin-top:0pt;margin-left:5.1pt;;text-indent:0pt;;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">DBA</p></td>
<td valign="top"  style=" border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000; border-left:solid 0.75pt #000000; border-right:solid 0.75pt #000000;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:11pt;">&nbsp;</p></td>
</tr>
<tr style="height:27.35pt;">
<td valign="top"  style=" border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000; border-left:solid 0.75pt #000000; border-right:solid 0.75pt #000000;">
<p style="line-height:13pt;margin-bottom:0pt;margin-top:0pt;margin-left:5.1pt;;text-indent:0pt;;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Date</p></td>
<td colspan="2" valign="top"  style=" border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000; border-left:solid 0.75pt #000000; border-right:solid 0.75pt #000000;">
<p style="margin-top:7pt;margin-bottom:0pt;margin-left:1.65pt;;text-indent:0pt;;font-size:9pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4/22/2020</p></td>
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<tr style="height:27.35pt;">
<td valign="top"  style=" border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000; border-left:solid 0.75pt #000000; border-right:solid 0.75pt #000000;">
<p style="line-height:13pt;margin-bottom:0pt;margin-top:0pt;margin-left:5.1pt;;text-indent:0pt;;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Loan<font style="letter-spacing:-0.05pt;"> Amount</font></p></td>
<td colspan="2" valign="top"  style=" border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000; border-left:solid 0.75pt #000000; border-right:solid 0.75pt #000000;">
<p style="line-height:15pt;margin-bottom:0pt;margin-top:0pt;margin-left:5.1pt;;text-indent:0pt;;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$2,497,199</p></td>
</tr>
<tr style="height:27.35pt;">
<td valign="top"  style=" border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000; border-left:solid 0.75pt #000000; border-right:solid 0.75pt #000000;">
<p style="line-height:13pt;margin-bottom:0pt;margin-top:0pt;margin-left:5.1pt;;text-indent:0pt;;font-family:Calibri;letter-spacing:-0.05pt;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Interest<font style="letter-spacing:-0.1pt;"> </font>Rate</p></td>
<td colspan="2" valign="top"  style=" border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000; border-left:solid 0.75pt #000000; border-right:solid 0.75pt #000000;">
<p style="line-height:13pt;margin-bottom:0pt;margin-top:0pt;margin-left:5.1pt;;text-indent:0pt;;font-family:Calibri;letter-spacing:-0.05pt;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.0%<font style="letter-spacing:-0.1pt;"> </font>per <font style="letter-spacing:-0.1pt;">annum</font></p></td>
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<tr style="height:27.35pt;">
<td valign="top"  style=" border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000; border-left:solid 0.75pt #000000; border-right:solid 0.75pt #000000;">
<p style="line-height:13pt;margin-bottom:0pt;margin-top:0pt;margin-left:5.1pt;;text-indent:0pt;;font-family:Calibri;letter-spacing:-0.05pt;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Borrower</p></td>
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<p style="margin-top:0pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:6.5pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:3.9pt;;text-indent:0pt;;font-size:9pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">IRIDEX<font style="letter-spacing:0.95pt;"> </font>CORPORATION</p></td>
</tr>
<tr style="height:27.35pt;">
<td valign="top"  style=" border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000; border-left:solid 0.75pt #000000; border-right:solid 0.75pt #000000;">
<p style="line-height:13pt;margin-bottom:0pt;margin-top:0pt;margin-left:5.1pt;;text-indent:0pt;;font-family:Calibri;letter-spacing:-0.05pt;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Operating Company</p></td>
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<p style="line-height:13pt;margin-bottom:0pt;margin-top:0pt;margin-left:5.1pt;;text-indent:0pt;;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Not <font style="letter-spacing:-0.05pt;">applicable</font></p></td>
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<tr style="height:27.4pt;">
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<p style="line-height:13pt;margin-bottom:0pt;margin-top:0pt;margin-left:5.1pt;;text-indent:0pt;;font-family:Calibri;letter-spacing:-0.05pt;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Lender</p></td>
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<p style="line-height:13pt;margin-bottom:0pt;margin-top:0pt;margin-left:5.1pt;;text-indent:0pt;;font-family:Calibri;letter-spacing:-0.05pt;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Silicon Valley Bank</p></td>
</tr>
</table></div>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;font-size:9pt;">&nbsp;</p>
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<tr>
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<p style="margin-top:2pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
<td valign="top" style="width:3.37%;white-space:nowrap">
<p style="margin-top:2pt;margin-bottom:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.</font></p></td>
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<p style="margin-top:2pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="letter-spacing:-0.05pt;">PROMISE</font> <font style="letter-spacing:-0.1pt;">TO </font>PAY.</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:11.24%;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In return <font style="letter-spacing:-0.05pt;">or</font> the<font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.05pt;">Loan,</font> <font style="letter-spacing:-0.05pt;">Borrower</font> <font style="letter-spacing:-0.05pt;">promises</font> <font style="letter-spacing:-0.05pt;">to</font> <font style="letter-spacing:-0.05pt;">pay</font> <font style="letter-spacing:-0.05pt;">to</font> <font style="letter-spacing:-0.05pt;">the</font> order of <font style="letter-spacing:-0.05pt;">Lender</font> the <font style="letter-spacing:-0.05pt;">amount</font> of $2,497,199<font style="letter-spacing:-0.05pt;">,</font><font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.05pt;">interest</font><font style="letter-spacing:-0.2pt;"> </font>on<font style="letter-spacing:-0.05pt;"> </font><font style="letter-spacing:-0.1pt;">the</font> <font style="letter-spacing:-0.05pt;">unpaid</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">principal</font> <font style="letter-spacing:-0.05pt;">balance,</font><font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.05pt;">and </font>all<font style="letter-spacing:-0.15pt;"> </font>other<font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.05pt;">amounts</font><font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.05pt;">required by</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">this</font> <font style="letter-spacing:-0.05pt;">Note.</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
<td valign="top" style="width:3.37%;white-space:nowrap">
<p style="margin-bottom:0pt;margin-top:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="letter-spacing:-0.05pt;">DEFINITIONS.</font></p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:11.24%;margin-right:1.31%;text-indent:0%;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Collateral&#8221;<font style="letter-spacing:-0.15pt;"> </font>means<font style="letter-spacing:-0.25pt;"> </font>any<font style="letter-spacing:-0.2pt;"> </font>property<font style="letter-spacing:-0.15pt;"> </font>taken<font style="letter-spacing:-0.25pt;"> </font>as<font style="letter-spacing:-0.25pt;"> </font>security<font style="letter-spacing:-0.2pt;"> </font>for<font style="letter-spacing:-0.35pt;"> </font>payment<font style="letter-spacing:-0.2pt;"> </font>of<font style="letter-spacing:-0.25pt;"> </font>this<font style="letter-spacing:-0.25pt;"> </font>Note<font style="letter-spacing:-0.2pt;"> </font>or<font style="letter-spacing:-0.25pt;"> </font><font style="letter-spacing:-0.1pt;">any</font><font style="letter-spacing:0.1pt;"> </font>guarantee<font style="letter-spacing:-0.2pt;"> </font>of<font style="letter-spacing:-0.35pt;"> </font>this<font style="letter-spacing:-0.1pt;"> </font>Note.<font style="letter-spacing:4.15pt;"> </font>&#8220;CARES Act&#8221; means<font style="letter-spacing:-0.15pt;"> </font>the Coronavirus Aid,<font style="letter-spacing:-0.15pt;"> </font>Relief, and Economic Security Act.</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:11.24%;margin-right:9.36%;text-indent:0%;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Guarantor&#8221;<font style="letter-spacing:-0.1pt;"> </font>means each person<font style="letter-spacing:-0.15pt;"> </font>or<font style="letter-spacing:-0.15pt;"> </font>entity that<font style="letter-spacing:-0.15pt;"> </font>signs a<font style="letter-spacing:-0.1pt;"> </font>guarantee<font style="letter-spacing:-0.1pt;"> </font>of payment<font style="letter-spacing:-0.1pt;"> </font>of this Note.<font style="letter-spacing:3.85pt;"> </font>&#8220;Loan&#8221; means the loan evidenced by<font style="letter-spacing:-0.1pt;"> </font>this Note.</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:11.24%;margin-right:1.31%;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Loan<font style="letter-spacing:1.25pt;"> </font><font style="letter-spacing:-0.05pt;">Documents&#8221;</font><font style="letter-spacing:1.4pt;"> </font><font style="letter-spacing:-0.05pt;">means</font><font style="letter-spacing:1.3pt;"> </font>the<font style="letter-spacing:1.4pt;"> </font><font style="letter-spacing:-0.05pt;">documents</font><font style="letter-spacing:1.45pt;"> </font><font style="letter-spacing:-0.05pt;">related</font><font style="letter-spacing:1.45pt;"> </font><font style="letter-spacing:-0.05pt;">to</font><font style="letter-spacing:1.4pt;"> </font><font style="letter-spacing:-0.05pt;">this</font><font style="letter-spacing:1.4pt;"> </font><font style="letter-spacing:-0.05pt;">loan</font><font style="letter-spacing:1.4pt;"> </font><font style="letter-spacing:-0.05pt;">signed</font><font style="letter-spacing:1.45pt;"> </font><font style="letter-spacing:-0.05pt;">by</font><font style="letter-spacing:1.35pt;"> </font><font style="letter-spacing:-0.05pt;">Borrower,</font><font style="letter-spacing:1.45pt;"> </font><font style="letter-spacing:-0.1pt;">any</font><font style="letter-spacing:1.5pt;"> </font><font style="letter-spacing:-0.05pt;">Guarantor,</font><font style="letter-spacing:1.3pt;"> </font>or<font style="letter-spacing:3.65pt;"> </font><font style="letter-spacing:-0.05pt;">anyone</font><font style="letter-spacing:-0.1pt;"> who</font><font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.05pt;">pledges</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">collateral.</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:11.24%;text-indent:0%;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Paycheck<font style="letter-spacing:-0.1pt;"> </font>Protection<font style="letter-spacing:-0.15pt;"> </font>Program&#8221;<font style="letter-spacing:-0.15pt;"> </font>means loan program<font style="letter-spacing:-0.1pt;"> </font>created <font style="letter-spacing:-0.1pt;">by</font> Section<font style="letter-spacing:-0.15pt;"> </font>1102<font style="letter-spacing:-0.1pt;"> </font>of the CARES Act.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"></a>
<p style="margin-top:12pt;line-height:12pt;margin-bottom:0pt;margin-left:0.37%;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1</p>
<p style="line-height:12pt;margin-bottom:0pt;margin-top:0pt;margin-left:0.37%;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p>
<p style="line-height:10pt;margin-bottom:0pt;margin-top:0pt;margin-left:0.19%;text-indent:0%;font-family:Times New Roman;font-size:9pt;">&nbsp;</p>
<p style="line-height:10pt;margin-bottom:0pt;margin-top:0pt;margin-left:0.19%;text-indent:0%;font-family:Times New Roman;font-size:9pt;">&nbsp;</p>&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<p style="margin-top:2pt;margin-bottom:0pt;margin-left:11.24%;text-indent:0%;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Per Annum&#8221; means<font style="letter-spacing:-0.15pt;"> </font>for<font style="letter-spacing:-0.15pt;"> </font>a year deemed to<font style="letter-spacing:0.05pt;"> </font>be<font style="letter-spacing:-0.1pt;"> </font>comprised of<font style="letter-spacing:-0.1pt;"> </font>360 <font style="letter-spacing:-0.1pt;">days.</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:11.24%;text-indent:0%;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;SBA&#8221; means the Small Business Administration, an Agency<font style="letter-spacing:-0.1pt;"> </font>of <font style="letter-spacing:-0.1pt;">the</font> United States<font style="letter-spacing:-0.1pt;"> </font>of America.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
<td valign="top" style="width:3.37%;white-space:nowrap">
<p style="margin-bottom:0pt;margin-top:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="letter-spacing:-0.05pt;">PAYMENT</font><font style="letter-spacing:0.75pt;"> </font><font style="letter-spacing:-0.1pt;">TERMS:</font><font style="letter-spacing:0.8pt;"> </font><font style="letter-spacing:-0.05pt;">Borrower</font><font style="letter-spacing:0.7pt;"> </font><font style="letter-spacing:-0.05pt;">must</font><font style="letter-spacing:0.65pt;"> </font>make<font style="letter-spacing:0.65pt;"> </font>all<font style="letter-spacing:0.7pt;"> </font><font style="letter-spacing:-0.05pt;">payments</font><font style="letter-spacing:0.7pt;"> </font>at<font style="letter-spacing:0.75pt;"> </font>the<font style="letter-spacing:0.7pt;"> </font><font style="letter-spacing:-0.05pt;">place</font><font style="letter-spacing:0.65pt;"> </font><font style="letter-spacing:-0.05pt;">Lender</font><font style="letter-spacing:0.7pt;"> </font><font style="letter-spacing:-0.05pt;">designates.</font><font style="letter-spacing:0.7pt;"> </font><font style="letter-spacing:-0.05pt;">The</font><font style="letter-spacing:0.75pt;"> </font><font style="letter-spacing:-0.1pt;">payment</font><font style="letter-spacing:2.45pt;"> </font><font style="letter-spacing:-0.05pt;">terms</font> <font style="letter-spacing:-0.05pt;">for</font> <font style="letter-spacing:-0.05pt;">this</font> <font style="letter-spacing:-0.1pt;">Note</font> <font style="letter-spacing:-0.05pt;">are:</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">A.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="text-decoration:underline;">Conditions</font><font style="text-decoration:underline;letter-spacing:-0.15pt;"> </font><font style="text-decoration:underline;">Precedent</font><font style="text-decoration:underline;letter-spacing:0.1pt;"> </font><font style="text-decoration:underline;">to Disbursement</font><font style="text-decoration:underline;letter-spacing:-0.15pt;"> </font><font style="text-decoration:underline;">of</font><font style="text-decoration:underline;"> Loan</font><font style="text-decoration:underline;letter-spacing:-0.15pt;"> </font><font style="text-decoration:underline;">Proceeds.</font></p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:8pt;">&nbsp;</p>
<p style="margin-top:2pt;margin-bottom:0pt;margin-left:17.98%;text-indent:0%;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Before the<font style="letter-spacing:-0.15pt;"> </font>funding of <font style="letter-spacing:-0.1pt;">the</font> Loan, the<font style="letter-spacing:-0.1pt;"> </font>following<font style="letter-spacing:-0.2pt;"> </font>conditions must<font style="letter-spacing:-0.1pt;"> </font>be satisfied:</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="letter-spacing:-0.05pt;">Lender</font> <font style="letter-spacing:-0.05pt;">has</font><font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.05pt;">approved</font> <font style="letter-spacing:-0.05pt;">the</font> <font style="letter-spacing:-0.05pt;">request</font> <font style="letter-spacing:-0.05pt;">for</font> <font style="letter-spacing:-0.1pt;">the</font> <font style="letter-spacing:-0.05pt;">Loan.</font></p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="letter-spacing:-0.05pt;">Lender</font> <font style="letter-spacing:-0.1pt;">has</font> <font style="letter-spacing:-0.05pt;">received</font> <font style="letter-spacing:-0.05pt;">approval</font> <font style="letter-spacing:-0.05pt;">from</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">SBA to</font><font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.05pt;">fund the</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">Loan.</font></p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">B.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="text-decoration:underline;">No</font><font style="text-decoration:underline;letter-spacing:-0.2pt;"> </font><font style="text-decoration:underline;">Payments</font><font style="text-decoration:underline;letter-spacing:-0.25pt;"> </font><font style="text-decoration:underline;">During</font><font style="text-decoration:underline;letter-spacing:-0.3pt;"> </font><font style="text-decoration:underline;">Deferral</font><font style="text-decoration:underline;letter-spacing:-0.15pt;"> </font><font style="text-decoration:underline;">Period.</font><font style="text-decoration:underline;letter-spacing:-0.2pt;"> </font><font style="letter-spacing:-0.1pt;">There</font><font style="letter-spacing:-0.2pt;"> </font>shall<font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.1pt;">be no</font><font style="letter-spacing:-0.3pt;"> </font>payments<font style="letter-spacing:-0.2pt;"> </font>due<font style="letter-spacing:-0.1pt;"> by</font><font style="letter-spacing:-0.2pt;"> </font>Borrower<font style="letter-spacing:-0.2pt;"> </font>during<font style="letter-spacing:-0.1pt;"> </font>the<font style="letter-spacing:-0.2pt;"> </font>six-<font style="letter-spacing:3.55pt;"> </font>month<font style="letter-spacing:0.7pt;"> </font>period<font style="letter-spacing:0.7pt;"> </font>beginning<font style="letter-spacing:0.65pt;"> </font>on<font style="letter-spacing:0.7pt;"> </font>the<font style="letter-spacing:0.7pt;"> </font>date<font style="letter-spacing:0.75pt;"> </font>of<font style="letter-spacing:0.6pt;"> </font>this<font style="letter-spacing:0.7pt;"> </font>Note<font style="letter-spacing:0.95pt;"> </font>(the<font style="letter-spacing:0.75pt;"> </font>&#8220;Deferral<font style="letter-spacing:0.7pt;"> </font>Period&#8221;).<font style="letter-spacing:1.4pt;"> </font>However,<font style="letter-spacing:0.7pt;"> </font>during<font style="letter-spacing:0.65pt;"> </font>the<font style="letter-spacing:3.25pt;"> </font>Deferral<font style="letter-spacing:-0.35pt;"> </font>Period<font style="letter-spacing:-0.4pt;"> </font>interest<font style="letter-spacing:-0.3pt;"> </font>will<font style="letter-spacing:-0.35pt;"> </font>accrue<font style="letter-spacing:-0.2pt;"> </font><font style="letter-spacing:-0.1pt;">at</font><font style="letter-spacing:-0.3pt;"> </font>the<font style="letter-spacing:-0.35pt;"> </font>Interest<font style="letter-spacing:-0.3pt;"> </font>Rate<font style="letter-spacing:-0.35pt;"> </font>on<font style="letter-spacing:-0.4pt;"> </font>the<font style="letter-spacing:-0.35pt;"> </font>unpaid<font style="letter-spacing:-0.3pt;"> </font>principal<font style="letter-spacing:-0.25pt;"> </font>balance<font style="letter-spacing:-0.3pt;"> </font>computed<font style="letter-spacing:3.45pt;"> </font>on the<font style="letter-spacing:-0.1pt;"> </font>basis<font style="letter-spacing:-0.1pt;"> </font>of the<font style="letter-spacing:-0.1pt;"> </font>actual<font style="letter-spacing:-0.15pt;"> </font>number<font style="letter-spacing:-0.1pt;"> </font>of days elapsed in a<font style="letter-spacing:-0.1pt;"> </font>year<font style="letter-spacing:-0.1pt;"> </font>of<font style="letter-spacing:-0.1pt;"> </font>360 <font style="letter-spacing:-0.1pt;">days.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">C.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="text-decoration:underline;">Principal</font><font style="text-decoration:underline;letter-spacing:1.35pt;"> </font><font style="text-decoration:underline;">and</font><font style="text-decoration:underline;letter-spacing:1.4pt;"> </font><font style="text-decoration:underline;">Interest</font><font style="text-decoration:underline;letter-spacing:1.35pt;"> </font><font style="text-decoration:underline;">Payments</font>.<font style="letter-spacing:1.25pt;"> </font>Commencing<font style="letter-spacing:1.4pt;"> </font>one<font style="letter-spacing:1.35pt;"> </font>month<font style="letter-spacing:1.45pt;"> </font>after<font style="letter-spacing:1.3pt;"> </font>the<font style="letter-spacing:1.35pt;"> </font>expiration<font style="letter-spacing:1.4pt;"> </font>of<font style="letter-spacing:1.25pt;"> </font>the<font style="letter-spacing:1.35pt;"> </font>Deferral<font style="letter-spacing:3.05pt;"> </font>Period,<font style="letter-spacing:2.15pt;"> </font>and<font style="letter-spacing:2.15pt;"> </font>continuing<font style="letter-spacing:2.15pt;"> </font>on<font style="letter-spacing:1.95pt;"> </font>the<font style="letter-spacing:2.2pt;"> </font>same<font style="letter-spacing:2.1pt;"> </font>day<font style="letter-spacing:2.1pt;"> </font>of<font style="letter-spacing:2pt;"> </font>each<font style="letter-spacing:2pt;"> </font>month<font style="letter-spacing:2.15pt;"> </font>thereafter<font style="letter-spacing:2.15pt;"> </font>until<font style="letter-spacing:2.15pt;"> </font>the<font style="letter-spacing:1.95pt;"> </font>Maturity<font style="letter-spacing:2.2pt;"> </font>Date,<font style="letter-spacing:3.05pt;"> </font>Borrower<font style="letter-spacing:1.3pt;"> </font>shall<font style="letter-spacing:1.3pt;"> </font>pay<font style="letter-spacing:1.35pt;"> </font>to<font style="letter-spacing:1.35pt;"> </font>Lender<font style="letter-spacing:1.35pt;"> </font>monthly<font style="letter-spacing:1.5pt;"> </font>payments<font style="letter-spacing:1.2pt;"> </font>of<font style="letter-spacing:1.3pt;"> </font>principal<font style="letter-spacing:1.4pt;"> </font>and<font style="letter-spacing:1.4pt;"> </font>interest,<font style="letter-spacing:1.35pt;"> </font><font style="letter-spacing:-0.1pt;">each</font><font style="letter-spacing:1.35pt;"> </font>in<font style="letter-spacing:1.4pt;"> </font>such<font style="letter-spacing:1.3pt;"> </font>equal<font style="letter-spacing:3.55pt;"> </font>amount<font style="letter-spacing:0.25pt;"> </font>required<font style="letter-spacing:0.05pt;"> </font>to<font style="letter-spacing:0.2pt;"> </font>fully<font style="letter-spacing:0.3pt;"> </font>amortize<font style="letter-spacing:0.25pt;"> </font>the<font style="letter-spacing:0.25pt;"> </font>principal<font style="letter-spacing:0.2pt;"> </font>amount<font style="letter-spacing:0.25pt;"> </font>outstanding<font style="letter-spacing:0.2pt;"> </font>on<font style="letter-spacing:0.2pt;"> </font>the<font style="letter-spacing:0.25pt;"> </font>Note<font style="letter-spacing:0.15pt;"> </font>on<font style="letter-spacing:0.2pt;"> </font>the<font style="letter-spacing:0.25pt;"> </font>last<font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.1pt;">day</font><font style="letter-spacing:2.85pt;"> </font>of the<font style="letter-spacing:-0.1pt;"> </font>Deferral<font style="letter-spacing:-0.15pt;"> </font>Period <font style="letter-spacing:-0.1pt;">by</font> <font style="letter-spacing:-0.1pt;">the</font> Maturity Date.</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">D.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="text-decoration:underline;">Maturity</font><font style="text-decoration:underline;letter-spacing:1.05pt;"> </font><font style="text-decoration:underline;">Date</font>.<font style="letter-spacing:1.05pt;"> </font>On<font style="letter-spacing:1.15pt;"> </font>the<font style="letter-spacing:1.15pt;"> </font>date<font style="letter-spacing:1.25pt;"> </font>which<font style="letter-spacing:1.15pt;"> </font>is<font style="letter-spacing:1.05pt;"> </font>twenty-four<font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.1pt;">(24)</font><font style="letter-spacing:1.2pt;"> </font>months<font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.1pt;">from</font><font style="letter-spacing:1.25pt;"> </font>the<font style="letter-spacing:1.2pt;"> </font>date<font style="letter-spacing:1.1pt;"> </font>of<font style="letter-spacing:1.05pt;"> </font>this<font style="letter-spacing:1.2pt;"> </font>Note<font style="letter-spacing:1.25pt;"> </font><font style="letter-spacing:-0.1pt;">(the</font><font style="letter-spacing:3.15pt;"> </font>&#8220;Maturity<font style="letter-spacing:1.2pt;"> </font>Date&#8221;),<font style="letter-spacing:1.4pt;"> </font>Borrower<font style="letter-spacing:1.35pt;"> </font>shall<font style="letter-spacing:1.25pt;"> </font>pay<font style="letter-spacing:1.35pt;"> </font>to<font style="letter-spacing:1.4pt;"> </font>Lender<font style="letter-spacing:1.35pt;"> </font>any<font style="letter-spacing:1.2pt;"> </font>and<font style="letter-spacing:1.3pt;"> </font>all<font style="letter-spacing:1.3pt;"> </font>unpaid<font style="letter-spacing:1.2pt;"> </font>principal<font style="letter-spacing:1.3pt;"> </font>plus<font style="letter-spacing:1.35pt;"> </font>accrued<font style="letter-spacing:1.3pt;"> </font>and<font style="letter-spacing:4.15pt;"> </font>unpaid<font style="letter-spacing:0.75pt;"> </font>interest<font style="letter-spacing:0.85pt;"> </font>plus<font style="letter-spacing:0.85pt;"> </font>interest<font style="letter-spacing:0.85pt;"> </font>accrued<font style="letter-spacing:0.8pt;"> </font>during<font style="letter-spacing:0.8pt;"> </font>the<font style="letter-spacing:0.85pt;"> </font>Deferral<font style="letter-spacing:0.85pt;"> </font>Period.<font style="letter-spacing:1.85pt;"> </font>This<font style="letter-spacing:0.85pt;"> </font>Note<font style="letter-spacing:0.85pt;"> </font>will<font style="letter-spacing:0.7pt;"> </font>mature<font style="letter-spacing:0.75pt;"> </font>on<font style="letter-spacing:0.8pt;"> </font>the<font style="letter-spacing:3.35pt;"> </font>Maturity<font style="letter-spacing:-0.1pt;"> </font>Date.</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">E.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="text-decoration:underline;">Not a</font><font style="text-decoration:underline;letter-spacing:-0.15pt;"> </font><font style="text-decoration:underline;">Business</font><font style="text-decoration:underline;letter-spacing:-0.1pt;"> </font><font style="text-decoration:underline;">Day</font>.<font style="letter-spacing:-0.1pt;"> </font>If <font style="letter-spacing:-0.1pt;">any</font> payment <font style="letter-spacing:-0.1pt;">is</font> due<font style="letter-spacing:-0.1pt;"> </font>on<font style="letter-spacing:-0.15pt;"> </font>a date for<font style="letter-spacing:-0.15pt;"> </font>which<font style="letter-spacing:-0.15pt;"> </font>there<font style="letter-spacing:-0.1pt;"> </font>is<font style="letter-spacing:-0.15pt;"> </font>no<font style="letter-spacing:-0.1pt;"> </font>numerical equivalent in<font style="letter-spacing:2.55pt;"> </font>a<font style="letter-spacing:0.1pt;"> </font>particular<font style="letter-spacing:0.05pt;"> </font>calendar month<font style="letter-spacing:0.1pt;"> </font>then<font style="letter-spacing:0.1pt;"> </font>it<font style="letter-spacing:0.1pt;"> </font>shall<font style="letter-spacing:0.1pt;"> </font>be<font style="letter-spacing:0.15pt;"> </font>due<font style="letter-spacing:0.15pt;"> </font>on<font style="letter-spacing:0.1pt;"> </font>the<font style="letter-spacing:0.15pt;"> </font>last<font style="letter-spacing:0.1pt;"> </font>day<font style="letter-spacing:0.05pt;"> </font>of<font style="letter-spacing:0.1pt;"> </font>such month.<font style="letter-spacing:0.05pt;"> </font>If any<font style="letter-spacing:0.15pt;"> </font>payment<font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.1pt;">is</font><font style="letter-spacing:3.55pt;"> </font>due on a <font style="letter-spacing:-0.1pt;">day</font> that<font style="letter-spacing:-0.1pt;"> </font>is<font style="letter-spacing:0.1pt;"> </font>a Saturday,<font style="letter-spacing:0.05pt;"> </font>Sunday<font style="letter-spacing:-0.1pt;"> </font>or any<font style="letter-spacing:-0.15pt;"> </font>other day<font style="letter-spacing:0.05pt;"> </font>on<font style="letter-spacing:-0.15pt;"> </font>which California chartered banks<font style="letter-spacing:-0.1pt;"> </font>are<font style="letter-spacing:3.25pt;"> </font>authorized to<font style="letter-spacing:0.05pt;"> </font>be<font style="letter-spacing:-0.1pt;"> </font>closed,<font style="letter-spacing:-0.1pt;"> </font>the payment<font style="letter-spacing:-0.15pt;"> </font>will be<font style="letter-spacing:-0.25pt;"> </font>made<font style="letter-spacing:-0.1pt;"> </font>on<font style="letter-spacing:-0.15pt;"> </font>the next<font style="letter-spacing:0.15pt;"> </font>business<font style="letter-spacing:-0.1pt;"> </font>day.</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">F.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="text-decoration:underline;">Payment</font><font style="text-decoration:underline;letter-spacing:-0.2pt;"> </font><font style="text-decoration:underline;">Allocation</font>.<font style="letter-spacing:-0.4pt;"> </font>Payments<font style="letter-spacing:-0.2pt;"> </font>shall<font style="letter-spacing:-0.25pt;"> </font>be<font style="letter-spacing:-0.2pt;"> </font>allocated<font style="letter-spacing:-0.25pt;"> </font>among<font style="letter-spacing:-0.25pt;"> </font>principal<font style="letter-spacing:-0.25pt;"> </font>and<font style="letter-spacing:-0.25pt;"> </font>interest<font style="letter-spacing:-0.2pt;"> </font>at<font style="letter-spacing:-0.35pt;"> </font>the<font style="letter-spacing:-0.2pt;"> </font>discretion<font style="letter-spacing:-0.25pt;"> </font>of<font style="letter-spacing:4.35pt;"> </font>Lender<font style="letter-spacing:0.75pt;"> </font>unless<font style="letter-spacing:0.65pt;"> </font>otherwise<font style="letter-spacing:0.65pt;"> </font>agreed<font style="letter-spacing:0.75pt;"> </font>or<font style="letter-spacing:0.75pt;"> </font>required<font style="letter-spacing:0.7pt;"> </font><font style="letter-spacing:-0.1pt;">by</font><font style="letter-spacing:0.8pt;"> </font>applicable<font style="letter-spacing:0.75pt;"> </font>law<font style="letter-spacing:0.85pt;"> </font>(including<font style="letter-spacing:0.7pt;"> </font>the<font style="letter-spacing:0.8pt;"> </font>CARES<font style="letter-spacing:0.75pt;"> </font>Act).<font style="letter-spacing:3.55pt;"> </font>Notwithstanding,<font style="letter-spacing:2pt;"> </font>in<font style="letter-spacing:2pt;"> </font>the<font style="letter-spacing:1.95pt;"> </font>event<font style="letter-spacing:1.85pt;"> </font>the<font style="letter-spacing:1.95pt;"> </font>Loan,<font style="letter-spacing:1.95pt;"> </font>or<font style="letter-spacing:1.9pt;"> </font>any<font style="letter-spacing:2.05pt;"> </font>portion<font style="letter-spacing:2pt;"> </font>thereof,<font style="letter-spacing:2.05pt;"> </font>is<font style="letter-spacing:2pt;"> </font>forgiven<font style="letter-spacing:2.05pt;"> </font>pursuant<font style="letter-spacing:2.05pt;"> </font>to<font style="letter-spacing:2pt;"> </font>the<font style="letter-spacing:1.95pt;"> </font>Paycheck<font style="letter-spacing:1.8pt;"> </font>Protection<font style="letter-spacing:1.75pt;"> </font>Program<font style="letter-spacing:2pt;"> </font>under<font style="letter-spacing:1.75pt;"> </font>the<font style="letter-spacing:1.95pt;"> </font>federal<font style="letter-spacing:1.75pt;"> </font>CARES<font style="letter-spacing:1.9pt;"> </font>Act,<font style="letter-spacing:1.75pt;"> </font>the<font style="letter-spacing:1.8pt;"> </font>amount<font style="letter-spacing:1.85pt;"> </font>so<font style="letter-spacing:1.8pt;"> </font>forgiven<font style="letter-spacing:1.75pt;"> </font>shall<font style="letter-spacing:1.9pt;"> </font>be<font style="letter-spacing:2.95pt;"> </font>applied to<font style="letter-spacing:0.05pt;"> </font>principal.</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">F.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="text-decoration:underline;">Prepayments</font>.<font style="letter-spacing:1.05pt;"> </font>Borrower<font style="letter-spacing:1pt;"> </font>may<font style="letter-spacing:1.1pt;"> </font>prepay<font style="letter-spacing:1.1pt;"> </font>this<font style="letter-spacing:1.1pt;"> </font>Note<font style="letter-spacing:1.1pt;"> </font><font style="letter-spacing:-0.1pt;">at</font><font style="letter-spacing:1.1pt;"> </font>any<font style="letter-spacing:1pt;"> </font>time<font style="letter-spacing:1pt;"> </font>without<font style="letter-spacing:1.1pt;"> </font>payment<font style="letter-spacing:0.95pt;"> </font>of<font style="letter-spacing:1.05pt;"> </font>any<font style="letter-spacing:1.35pt;"> </font>penalty<font style="letter-spacing:1pt;"> </font>or<font style="letter-spacing:3.85pt;"> </font>premium.</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"></a>
<p style="margin-top:12pt;line-height:12pt;margin-bottom:0pt;margin-left:0.37%;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2</p>
<p style="line-height:12pt;margin-bottom:0pt;margin-top:0pt;margin-left:0.37%;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p>
<p style="line-height:10pt;margin-bottom:0pt;margin-top:0pt;margin-left:0.19%;text-indent:0%;font-family:Times New Roman;font-size:9pt;">&nbsp;</p>
<p style="line-height:10pt;margin-bottom:0pt;margin-top:0pt;margin-left:0.19%;text-indent:0%;font-family:Times New Roman;font-size:9pt;">&nbsp;</p>&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
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<tr>
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<p style="margin-top:2pt;margin-bottom:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-top:2pt;margin-bottom:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">G.</font></p></td>
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<p style="margin-top:2pt;margin-bottom:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="text-decoration:underline;">Borrower</font><font style="text-decoration:underline;letter-spacing:-0.1pt;"> </font><font style="text-decoration:underline;">Certifications</font>.</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:8pt;">&nbsp;</p>
<p style="margin-top:2pt;margin-bottom:0pt;margin-left:17.98%;text-indent:0%;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Borrower<font style="letter-spacing:-0.15pt;"> </font>certifies to Lender<font style="letter-spacing:0.05pt;"> </font>as follows:</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="letter-spacing:-0.05pt;">Current</font><font style="letter-spacing:1.15pt;"> </font><font style="letter-spacing:-0.05pt;">economic</font><font style="letter-spacing:1.1pt;"> </font><font style="letter-spacing:-0.05pt;">uncertainty</font><font style="letter-spacing:1.05pt;"> </font><font style="letter-spacing:-0.05pt;">makes</font><font style="letter-spacing:1.15pt;"> </font><font style="letter-spacing:-0.05pt;">this</font><font style="letter-spacing:1pt;"> </font><font style="letter-spacing:-0.05pt;">Loan</font><font style="letter-spacing:1.05pt;"> </font><font style="letter-spacing:-0.1pt;">necessary</font><font style="letter-spacing:1pt;"> </font>to<font style="letter-spacing:1.05pt;"> </font><font style="letter-spacing:-0.05pt;">support</font><font style="letter-spacing:1pt;"> </font>the<font style="letter-spacing:1pt;"> </font><font style="letter-spacing:-0.05pt;">ongoing</font><font style="letter-spacing:3.25pt;"> </font><font style="letter-spacing:-0.05pt;">operations</font><font style="letter-spacing:-0.1pt;"> </font>of <font style="letter-spacing:-0.05pt;">Borrower.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">Loan<font style="letter-spacing:-0.4pt;"> </font><font style="letter-spacing:-0.05pt;">funds</font><font style="letter-spacing:-0.45pt;"> </font>will<font style="letter-spacing:-0.35pt;"> </font><font style="letter-spacing:-0.05pt;">be</font><font style="letter-spacing:-0.45pt;"> </font><font style="letter-spacing:-0.05pt;">used</font><font style="letter-spacing:-0.35pt;"> </font><font style="letter-spacing:-0.1pt;">by</font><font style="letter-spacing:-0.45pt;"> </font><font style="letter-spacing:-0.05pt;">Borrower</font><font style="letter-spacing:-0.45pt;"> </font><font style="letter-spacing:-0.05pt;">to</font><font style="letter-spacing:-0.3pt;"> </font><font style="letter-spacing:-0.05pt;">retain</font><font style="letter-spacing:-0.4pt;"> </font><font style="letter-spacing:-0.05pt;">its</font><font style="letter-spacing:-0.35pt;"> </font><font style="letter-spacing:-0.05pt;">workers</font><font style="letter-spacing:-0.35pt;"> </font><font style="letter-spacing:-0.05pt;">and</font><font style="letter-spacing:-0.5pt;"> </font><font style="letter-spacing:-0.05pt;">maintain</font><font style="letter-spacing:-0.35pt;"> </font><font style="letter-spacing:-0.05pt;">its</font><font style="letter-spacing:-0.3pt;"> </font><font style="letter-spacing:-0.05pt;">payroll</font><font style="letter-spacing:-0.6pt;"> </font>or<font style="letter-spacing:-0.45pt;"> </font><font style="letter-spacing:-0.05pt;">make</font><font style="letter-spacing:2.95pt;"> </font>its <font style="letter-spacing:-0.05pt;">mortgage</font> <font style="letter-spacing:-0.05pt;">payments,</font><font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.1pt;">lease</font><font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.05pt;">payments,</font><font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.05pt;">and utility</font> <font style="letter-spacing:-0.05pt;">payments.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="letter-spacing:-0.05pt;">For</font><font style="letter-spacing:2.15pt;"> </font>the<font style="letter-spacing:2.3pt;"> </font><font style="letter-spacing:-0.05pt;">period</font><font style="letter-spacing:2.15pt;"> </font><font style="letter-spacing:-0.05pt;">beginning</font><font style="letter-spacing:2.1pt;"> </font>on<font style="letter-spacing:2.25pt;"> </font><font style="letter-spacing:-0.05pt;">February</font><font style="letter-spacing:2.2pt;"> </font><font style="letter-spacing:-0.05pt;">15,</font><font style="letter-spacing:2.2pt;"> </font><font style="letter-spacing:-0.05pt;">2020</font><font style="letter-spacing:2.3pt;"> </font><font style="letter-spacing:-0.1pt;">and</font><font style="letter-spacing:2.25pt;"> </font><font style="letter-spacing:-0.05pt;">ending</font><font style="letter-spacing:2.15pt;"> </font>on<font style="letter-spacing:2.1pt;"> </font><font style="letter-spacing:-0.05pt;">December</font><font style="letter-spacing:2.2pt;"> </font><font style="letter-spacing:-0.05pt;">31,</font><font style="letter-spacing:2.2pt;"> </font><font style="letter-spacing:-0.05pt;">2020,</font><font style="letter-spacing:2.05pt;"> </font><font style="letter-spacing:-0.05pt;">Borrower</font><font style="letter-spacing:0.25pt;"> </font><font style="letter-spacing:-0.05pt;">did</font><font style="letter-spacing:0.35pt;"> </font><font style="letter-spacing:-0.05pt;">not</font><font style="letter-spacing:0.3pt;"> </font><font style="letter-spacing:-0.05pt;">receive,</font><font style="letter-spacing:0.25pt;"> </font><font style="letter-spacing:-0.05pt;">and</font><font style="letter-spacing:0.35pt;"> </font><font style="letter-spacing:-0.05pt;">agrees</font><font style="letter-spacing:0.25pt;"> </font>it<font style="letter-spacing:0.25pt;"> </font>will<font style="letter-spacing:0.2pt;"> </font><font style="letter-spacing:-0.05pt;">not</font><font style="letter-spacing:0.4pt;"> </font><font style="letter-spacing:-0.05pt;">apply</font><font style="letter-spacing:0.25pt;"> </font><font style="letter-spacing:-0.05pt;">for</font><font style="letter-spacing:0.1pt;"> </font>or<font style="letter-spacing:0.35pt;"> </font><font style="letter-spacing:-0.05pt;">receive,</font><font style="letter-spacing:0.25pt;"> </font><font style="letter-spacing:-0.05pt;">another</font><font style="letter-spacing:0.25pt;"> </font><font style="letter-spacing:-0.05pt;">loan</font><font style="letter-spacing:0.3pt;"> </font><font style="letter-spacing:-0.05pt;">under</font><font style="letter-spacing:3.35pt;"> </font>the <font style="letter-spacing:-0.05pt;">Paycheck</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">Protection</font><font style="letter-spacing:-0.15pt;"> </font>Program.</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="letter-spacing:-0.05pt;">Borrower</font><font style="letter-spacing:-0.1pt;"> </font>was in<font style="letter-spacing:-0.05pt;"> operation </font>on<font style="letter-spacing:-0.05pt;"> February</font><font style="letter-spacing:-0.1pt;"> </font>15,<font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">2020</font> and<font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">(i)</font> <font style="letter-spacing:-0.05pt;">had employees</font> <font style="letter-spacing:-0.05pt;">for</font> <font style="letter-spacing:-0.05pt;">whom</font><font style="letter-spacing:-0.1pt;"> </font>it <font style="letter-spacing:-0.05pt;">paid</font><font style="letter-spacing:2.65pt;"> </font><font style="letter-spacing:-0.05pt;">salaries</font><font style="letter-spacing:-0.5pt;"> </font><font style="letter-spacing:-0.05pt;">and</font><font style="letter-spacing:-0.5pt;"> </font>payroll<font style="letter-spacing:-0.5pt;"> </font><font style="letter-spacing:-0.05pt;">taxes</font><font style="letter-spacing:-0.6pt;"> </font>or<font style="letter-spacing:-0.6pt;"> </font><font style="letter-spacing:-0.05pt;">(ii)</font><font style="letter-spacing:-0.45pt;"> </font><font style="letter-spacing:-0.05pt;">paid</font><font style="letter-spacing:-0.55pt;"> </font><font style="letter-spacing:-0.05pt;">independent</font><font style="letter-spacing:-0.5pt;"> </font><font style="letter-spacing:-0.05pt;">contractors</font><font style="letter-spacing:-0.5pt;"> </font><font style="letter-spacing:-0.1pt;">as</font><font style="letter-spacing:-0.45pt;"> </font><font style="letter-spacing:-0.05pt;">reported</font><font style="letter-spacing:-0.5pt;"> </font>on<font style="letter-spacing:-0.5pt;"> </font>a<font style="letter-spacing:-0.6pt;"> </font><font style="letter-spacing:-0.05pt;">1099-Misc.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="letter-spacing:-0.05pt;">Borrower</font><font style="letter-spacing:0.6pt;"> </font><font style="letter-spacing:-0.05pt;">has</font><font style="letter-spacing:0.6pt;"> </font><font style="letter-spacing:-0.05pt;">reviewed</font><font style="letter-spacing:0.7pt;"> </font><font style="letter-spacing:-0.1pt;">and</font><font style="letter-spacing:0.7pt;"> </font><font style="letter-spacing:-0.05pt;">understands</font><font style="letter-spacing:0.7pt;"> </font><font style="letter-spacing:-0.05pt;">Sections</font><font style="letter-spacing:0.6pt;"> </font><font style="letter-spacing:-0.05pt;">1102</font><font style="letter-spacing:0.65pt;"> </font><font style="letter-spacing:-0.05pt;">and</font><font style="letter-spacing:0.7pt;"> </font><font style="letter-spacing:-0.05pt;">1106</font><font style="letter-spacing:0.65pt;"> </font>of<font style="letter-spacing:0.6pt;"> </font>the<font style="letter-spacing:0.6pt;"> </font><font style="letter-spacing:-0.05pt;">CARES</font><font style="letter-spacing:0.45pt;"> </font>Act<font style="letter-spacing:0.7pt;"> </font><font style="letter-spacing:-0.05pt;">and</font><font style="letter-spacing:3.05pt;"> </font>the <font style="letter-spacing:-0.05pt;">related</font> <font style="letter-spacing:-0.05pt;">guidelines</font> <font style="letter-spacing:-0.05pt;">and</font><font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.05pt;">has</font> <font style="letter-spacing:-0.05pt;">completed</font> the<font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">Application,</font> <font style="letter-spacing:-0.05pt;">including</font><font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.05pt;">Borrower&#8217;s eligibility</font><font style="letter-spacing:3.65pt;"> </font>in<font style="letter-spacing:-0.05pt;"> conformity </font>with <font style="letter-spacing:-0.05pt;">those</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">provisions.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="letter-spacing:-0.05pt;">Borrower</font><font style="letter-spacing:-0.35pt;"> </font><font style="letter-spacing:-0.05pt;">has</font><font style="letter-spacing:-0.35pt;"> </font><font style="letter-spacing:-0.05pt;">taken</font><font style="letter-spacing:-0.4pt;"> </font>its<font style="letter-spacing:-0.45pt;"> </font><font style="letter-spacing:-0.05pt;">&#8220;affiliates&#8221;</font><font style="letter-spacing:-0.3pt;"> </font><font style="letter-spacing:-0.05pt;">(as</font><font style="letter-spacing:-0.35pt;"> </font><font style="letter-spacing:-0.05pt;">defined</font><font style="letter-spacing:-0.35pt;"> </font><font style="letter-spacing:-0.05pt;">by</font><font style="letter-spacing:-0.3pt;"> </font>the<font style="letter-spacing:-0.35pt;"> </font><font style="letter-spacing:-0.05pt;">SBA)</font><font style="letter-spacing:-0.35pt;"> </font><font style="letter-spacing:-0.05pt;">into</font><font style="letter-spacing:-0.25pt;"> </font><font style="letter-spacing:-0.05pt;">account</font><font style="letter-spacing:-0.3pt;"> </font>when<font style="letter-spacing:-0.35pt;"> </font><font style="letter-spacing:-0.05pt;">determining</font><font style="letter-spacing:3.45pt;"> </font>the<font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">number</font><font style="letter-spacing:0.35pt;"> </font>of<font style="letter-spacing:0.45pt;"> </font><font style="letter-spacing:-0.05pt;">employees</font><font style="letter-spacing:0.4pt;"> </font><font style="letter-spacing:-0.05pt;">and</font><font style="letter-spacing:0.45pt;"> </font>the<font style="letter-spacing:0.5pt;"> </font>total<font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">amount</font><font style="letter-spacing:0.5pt;"> </font>of<font style="letter-spacing:0.45pt;"> </font><font style="letter-spacing:-0.1pt;">loans</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">permitted</font><font style="letter-spacing:0.45pt;"> </font><font style="letter-spacing:-0.05pt;">under</font><font style="letter-spacing:0.5pt;"> </font>the<font style="letter-spacing:0.35pt;"> </font><font style="letter-spacing:-0.05pt;">Paycheck</font><font style="letter-spacing:2.55pt;"> </font><font style="letter-spacing:-0.05pt;">Protection</font><font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.05pt;">Program.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="letter-spacing:-0.05pt;">Borrower</font><font style="letter-spacing:-0.1pt;"> </font>is a<font style="letter-spacing:-0.1pt;"> </font>small<font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.05pt;">business</font> <font style="letter-spacing:-0.05pt;">concern </font>or is<font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">otherwise eligible</font> to<font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.05pt;">receive</font><font style="letter-spacing:-0.1pt;"> </font>a <font style="letter-spacing:-0.05pt;">covered loan.</font></p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="letter-spacing:-0.05pt;">The</font><font style="letter-spacing:2.15pt;"> </font><font style="letter-spacing:-0.05pt;">person</font><font style="letter-spacing:2.15pt;"> </font>who<font style="letter-spacing:2.3pt;"> </font><font style="letter-spacing:-0.05pt;">has</font><font style="letter-spacing:2.15pt;"> </font><font style="letter-spacing:-0.05pt;">completed</font><font style="letter-spacing:2.15pt;"> </font><font style="letter-spacing:-0.05pt;">and</font><font style="letter-spacing:2.15pt;"> </font><font style="letter-spacing:-0.05pt;">signed</font><font style="letter-spacing:2.15pt;"> </font>the<font style="letter-spacing:2.15pt;"> </font><font style="letter-spacing:-0.05pt;">application,</font><font style="letter-spacing:2.2pt;"> </font><font style="letter-spacing:-0.05pt;">this</font><font style="letter-spacing:2.15pt;"> </font><font style="letter-spacing:-0.05pt;">Note</font><font style="letter-spacing:2.15pt;"> </font><font style="letter-spacing:-0.05pt;">and</font><font style="letter-spacing:2.15pt;"> </font><font style="letter-spacing:-0.05pt;">the</font><font style="letter-spacing:2.2pt;"> </font>Loan<font style="letter-spacing:2.45pt;"> </font><font style="letter-spacing:-0.05pt;">Documents</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">has</font><font style="letter-spacing:0.35pt;"> </font><font style="letter-spacing:-0.05pt;">been</font><font style="letter-spacing:0.35pt;"> </font><font style="letter-spacing:-0.05pt;">validly</font><font style="letter-spacing:0.6pt;"> </font><font style="letter-spacing:-0.05pt;">authorized</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.1pt;">by</font><font style="letter-spacing:0.4pt;"> </font><font style="letter-spacing:-0.05pt;">Borrower</font><font style="letter-spacing:0.4pt;"> </font><font style="letter-spacing:-0.05pt;">to</font><font style="letter-spacing:0.4pt;"> </font>enter<font style="letter-spacing:0.35pt;"> </font><font style="letter-spacing:-0.05pt;">into</font><font style="letter-spacing:0.55pt;"> </font><font style="letter-spacing:-0.05pt;">borrowings</font><font style="letter-spacing:0.35pt;"> </font>on<font style="letter-spacing:0.3pt;"> </font><font style="letter-spacing:-0.05pt;">behalf</font><font style="letter-spacing:2.55pt;"> </font>of <font style="letter-spacing:-0.05pt;">Borrower.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">H.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="text-decoration:underline;">Agreements.</font></p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:8pt;">&nbsp;</p>
<p style="margin-top:2pt;margin-bottom:0pt;margin-left:11.24%;margin-right:1.31%;text-indent:0%;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Borrower<font style="letter-spacing:1.5pt;"> </font>understands<font style="letter-spacing:1.6pt;"> </font>and<font style="letter-spacing:1.55pt;"> </font>agrees,<font style="letter-spacing:1.55pt;"> </font>and<font style="letter-spacing:1.55pt;"> </font>waives<font style="letter-spacing:1.6pt;"> </font>and<font style="letter-spacing:1.55pt;"> </font>releases<font style="letter-spacing:1.55pt;"> </font>Lender,<font style="letter-spacing:1.6pt;"> </font>its<font style="letter-spacing:1.55pt;"> </font>affiliates<font style="letter-spacing:1.55pt;"> </font>and<font style="letter-spacing:1.55pt;"> </font>their<font style="letter-spacing:1.55pt;"> </font>respective<font style="letter-spacing:4.65pt;"> </font>directors,<font style="letter-spacing:-0.1pt;"> </font>officers, agents<font style="letter-spacing:-0.1pt;"> </font>and employees, as follows:</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="letter-spacing:-0.05pt;">The</font><font style="letter-spacing:0.75pt;"> </font><font style="letter-spacing:-0.05pt;">Loan</font><font style="letter-spacing:0.7pt;"> </font>will<font style="letter-spacing:0.85pt;"> </font><font style="letter-spacing:-0.05pt;">be</font><font style="letter-spacing:0.6pt;"> </font><font style="letter-spacing:-0.05pt;">made</font><font style="letter-spacing:0.75pt;"> </font><font style="letter-spacing:-0.1pt;">under</font><font style="letter-spacing:0.85pt;"> </font><font style="letter-spacing:-0.05pt;">the</font><font style="letter-spacing:0.85pt;"> </font><font style="letter-spacing:-0.05pt;">SBA&#8217;s</font><font style="letter-spacing:0.7pt;"> </font><font style="letter-spacing:-0.05pt;">Paycheck</font><font style="letter-spacing:0.75pt;"> </font><font style="letter-spacing:-0.05pt;">Protection</font><font style="letter-spacing:0.55pt;"> </font><font style="letter-spacing:-0.05pt;">Program.</font><font style="letter-spacing:0.7pt;"> </font><font style="letter-spacing:-0.05pt;">Accordingly,</font><font style="letter-spacing:1.15pt;"> </font><font style="letter-spacing:-0.05pt;">this</font><font style="letter-spacing:3.15pt;"> </font>Note<font style="letter-spacing:1.1pt;"> </font><font style="letter-spacing:-0.05pt;">and</font><font style="letter-spacing:1.05pt;"> </font>the<font style="letter-spacing:0.95pt;"> </font>other<font style="letter-spacing:1.05pt;"> </font>Loan<font style="letter-spacing:0.9pt;"> </font><font style="letter-spacing:-0.05pt;">Documents</font><font style="letter-spacing:1.15pt;"> </font><font style="letter-spacing:-0.05pt;">must</font><font style="letter-spacing:1.1pt;"> </font><font style="letter-spacing:-0.05pt;">be</font><font style="letter-spacing:1.1pt;"> </font><font style="letter-spacing:-0.05pt;">submitted</font><font style="letter-spacing:1.05pt;"> </font><font style="letter-spacing:-0.05pt;">to</font><font style="letter-spacing:1.15pt;"> </font><font style="letter-spacing:-0.05pt;">and</font><font style="letter-spacing:1.05pt;"> </font><font style="letter-spacing:-0.05pt;">approved</font><font style="letter-spacing:1.05pt;"> </font><font style="letter-spacing:-0.1pt;">by</font><font style="letter-spacing:1.1pt;"> </font><font style="letter-spacing:-0.05pt;">the</font><font style="letter-spacing:1.1pt;"> </font><font style="letter-spacing:-0.05pt;">SBA.</font><font style="letter-spacing:2.35pt;"> </font><font style="letter-spacing:-0.05pt;">There</font><font style="letter-spacing:2.35pt;"> </font>is<font style="letter-spacing:2.3pt;"> </font><font style="letter-spacing:-0.05pt;">limited</font><font style="letter-spacing:2.3pt;"> </font><font style="letter-spacing:-0.05pt;">funding</font><font style="letter-spacing:2.25pt;"> </font><font style="letter-spacing:-0.05pt;">available</font><font style="letter-spacing:2.35pt;"> </font><font style="letter-spacing:-0.05pt;">under</font><font style="letter-spacing:2.2pt;"> </font>the<font style="letter-spacing:2.2pt;"> </font><font style="letter-spacing:-0.05pt;">Paycheck</font><font style="letter-spacing:2.3pt;"> </font><font style="letter-spacing:-0.05pt;">Protection</font><font style="letter-spacing:2.15pt;"> </font><font style="letter-spacing:-0.05pt;">Program</font><font style="letter-spacing:2.35pt;"> </font><font style="letter-spacing:-0.05pt;">and</font><font style="letter-spacing:2.35pt;"> </font><font style="letter-spacing:-0.05pt;">accordingly, </font>all<font style="letter-spacing:-0.05pt;"> applications</font> <font style="letter-spacing:-0.05pt;">submitted</font><font style="letter-spacing:-0.15pt;"> </font>will not<font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">be</font> <font style="letter-spacing:-0.05pt;">approved</font> <font style="letter-spacing:-0.05pt;">by</font><font style="letter-spacing:-0.1pt;"> </font>the <font style="letter-spacing:-0.05pt;">SBA.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="letter-spacing:-0.05pt;">Lender</font><font style="letter-spacing:0.25pt;"> </font>is<font style="letter-spacing:0.2pt;"> </font><font style="letter-spacing:-0.05pt;">participating</font><font style="letter-spacing:0.2pt;"> </font>in<font style="letter-spacing:0.2pt;"> </font><font style="letter-spacing:-0.05pt;">the</font><font style="letter-spacing:0.25pt;"> </font><font style="letter-spacing:-0.05pt;">Payroll</font><font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.05pt;">Protection</font><font style="letter-spacing:0.2pt;"> </font><font style="letter-spacing:-0.05pt;">Program</font><font style="letter-spacing:0.3pt;"> </font><font style="letter-spacing:-0.05pt;">to</font><font style="letter-spacing:0.55pt;"> </font><font style="letter-spacing:-0.05pt;">help</font><font style="letter-spacing:0.2pt;"> </font><font style="letter-spacing:-0.1pt;">businesses</font><font style="letter-spacing:0.15pt;"> </font><font style="letter-spacing:-0.05pt;">impacted</font><font style="letter-spacing:0.2pt;"> </font><font style="letter-spacing:-0.05pt;">by</font><font style="letter-spacing:3.75pt;"> </font>the<font style="letter-spacing:1.3pt;"> </font><font style="letter-spacing:-0.05pt;">economic</font><font style="letter-spacing:1.3pt;"> </font><font style="letter-spacing:-0.05pt;">impact</font><font style="letter-spacing:1.35pt;"> </font><font style="letter-spacing:-0.1pt;">from</font><font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.05pt;">COVID-19.</font><font style="letter-spacing:0.2pt;"> </font><font style="letter-spacing:-0.05pt;">However,</font><font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.05pt;">Lender</font><font style="letter-spacing:1.35pt;"> </font><font style="letter-spacing:-0.05pt;">anticipates</font><font style="letter-spacing:1.35pt;"> </font><font style="letter-spacing:-0.05pt;">high</font><font style="letter-spacing:1.3pt;"> </font><font style="letter-spacing:-0.05pt;">volumes</font><font style="letter-spacing:1.3pt;"> </font><font style="letter-spacing:-0.05pt;">and</font><font style="letter-spacing:3.25pt;"> </font>there<font style="letter-spacing:-0.2pt;"> </font><font style="letter-spacing:-0.05pt;">may</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">be</font><font style="letter-spacing:-0.2pt;"> </font><font style="letter-spacing:-0.05pt;">processing</font><font style="letter-spacing:-0.2pt;"> </font><font style="letter-spacing:-0.05pt;">delays</font><font style="letter-spacing:-0.25pt;"> </font><font style="letter-spacing:-0.05pt;">and</font><font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.05pt;">system failures</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">along</font><font style="letter-spacing:-0.15pt;"> </font>with<font style="letter-spacing:-0.25pt;"> </font><font style="letter-spacing:-0.05pt;">other</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">issues</font><font style="letter-spacing:-0.25pt;"> </font>that<font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">interfere</font><font style="letter-spacing:2.15pt;"> </font>with<font style="letter-spacing:0.6pt;"> </font><font style="letter-spacing:-0.05pt;">submission</font><font style="letter-spacing:0.5pt;"> </font>of<font style="letter-spacing:0.7pt;"> </font><font style="letter-spacing:-0.05pt;">Borrower&#8217;s</font><font style="letter-spacing:0.65pt;"> </font><font style="letter-spacing:-0.05pt;">application</font><font style="letter-spacing:0.6pt;"> </font><font style="letter-spacing:-0.05pt;">to</font><font style="letter-spacing:0.7pt;"> </font><font style="letter-spacing:-0.05pt;">SBA.</font><font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.05pt;">Lender</font><font style="letter-spacing:0.65pt;"> </font><font style="letter-spacing:-0.05pt;">does</font><font style="letter-spacing:0.65pt;"> </font><font style="letter-spacing:-0.05pt;">not</font><font style="letter-spacing:0.65pt;"> </font><font style="letter-spacing:-0.05pt;">represent</font><font style="letter-spacing:0.65pt;"> </font>or<font style="letter-spacing:2.45pt;"> </font><font style="letter-spacing:-0.05pt;">guarantee</font><font style="letter-spacing:0.65pt;"> </font><font style="letter-spacing:-0.05pt;">that</font><font style="letter-spacing:0.65pt;"> </font>it<font style="letter-spacing:0.5pt;"> </font>will<font style="letter-spacing:0.45pt;"> </font><font style="letter-spacing:-0.05pt;">submit</font><font style="letter-spacing:0.6pt;"> </font>the<font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">application</font><font style="letter-spacing:0.55pt;"> </font><font style="letter-spacing:-0.05pt;">while</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.1pt;">SBA</font><font style="letter-spacing:0.55pt;"> </font><font style="letter-spacing:-0.05pt;">funding</font><font style="letter-spacing:0.6pt;"> </font><font style="letter-spacing:-0.05pt;">remains</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">available</font><font style="letter-spacing:0.65pt;"> </font><font style="letter-spacing:-0.05pt;">under</font><font style="letter-spacing:3.35pt;"> </font>the<font style="letter-spacing:1.65pt;"> </font><font style="letter-spacing:-0.05pt;">Payroll</font><font style="letter-spacing:1.55pt;"> </font><font style="letter-spacing:-0.05pt;">Protection</font><font style="letter-spacing:1.65pt;"> </font><font style="letter-spacing:-0.05pt;">Program</font><font style="letter-spacing:1.8pt;"> </font>or<font style="letter-spacing:1.55pt;"> </font>at<font style="letter-spacing:1.7pt;"> </font><font style="letter-spacing:-0.05pt;">all.</font><font style="letter-spacing:0.95pt;"> </font><font style="letter-spacing:-0.05pt;">Borrower</font><font style="letter-spacing:1.55pt;"> </font><font style="letter-spacing:-0.05pt;">hereby</font><font style="letter-spacing:1.7pt;"> </font><font style="letter-spacing:-0.05pt;">agrees</font><font style="letter-spacing:1.75pt;"> </font>that<font style="letter-spacing:1.55pt;"> </font><font style="letter-spacing:-0.05pt;">Lender</font><font style="letter-spacing:1.65pt;"> </font>is<font style="letter-spacing:1.65pt;"> </font><font style="letter-spacing:-0.05pt;">not</font><font style="letter-spacing:2.65pt;"> </font><font style="letter-spacing:-0.05pt;">responsible</font><font style="letter-spacing:0.25pt;"> </font>or<font style="letter-spacing:0.45pt;"> </font><font style="letter-spacing:-0.05pt;">liable</font><font style="letter-spacing:0.35pt;"> </font><font style="letter-spacing:-0.05pt;">to</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">Borrower</font><font style="letter-spacing:0.35pt;"> </font>or<font style="letter-spacing:0.35pt;"> </font><font style="letter-spacing:-0.05pt;">any</font><font style="letter-spacing:0.4pt;"> </font>of<font style="letter-spacing:0.35pt;"> </font>its<font style="letter-spacing:0.35pt;"> </font><font style="letter-spacing:-0.05pt;">affiliates</font><font style="letter-spacing:0.6pt;"> </font><font style="letter-spacing:-0.05pt;">(i)</font><font style="letter-spacing:0.4pt;"> </font>if<font style="letter-spacing:0.35pt;"> </font>the<font style="letter-spacing:0.4pt;"> </font><font style="letter-spacing:-0.05pt;">Lender</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">does</font><font style="letter-spacing:0.4pt;"> </font><font style="letter-spacing:-0.05pt;">not</font><font style="letter-spacing:0.4pt;"> </font><font style="letter-spacing:-0.05pt;">submit</font><font style="letter-spacing:2.55pt;"> </font><font style="letter-spacing:-0.05pt;">Borrower&#8217;s</font> <font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.05pt;">application</font> <font style="letter-spacing:1.05pt;"> </font>to <font style="letter-spacing:1.05pt;"> </font>the <font style="letter-spacing:1.1pt;"> </font><font style="letter-spacing:-0.05pt;">SBA</font> <font style="letter-spacing:1.1pt;"> </font><font style="letter-spacing:-0.05pt;">until</font> <font style="letter-spacing:1.1pt;"> </font>after <font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.05pt;">the</font> <font style="letter-spacing:1pt;"> </font><font style="letter-spacing:-0.05pt;">date</font> <font style="letter-spacing:1.15pt;"> </font>that <font style="letter-spacing:1.15pt;"> </font><font style="letter-spacing:-0.05pt;">SBA</font> <font style="letter-spacing:1.1pt;"> </font><font style="letter-spacing:-0.05pt;">stops</font> <font style="letter-spacing:1.1pt;"> </font><font style="letter-spacing:-0.05pt;">approving</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"></a>
<p style="margin-top:12pt;line-height:12pt;margin-bottom:0pt;margin-left:0.37%;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3</p>
<p style="line-height:12pt;margin-bottom:0pt;margin-top:0pt;margin-left:0.37%;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p>
<p style="line-height:10pt;margin-bottom:0pt;margin-top:0pt;margin-left:0.19%;text-indent:0%;font-family:Times New Roman;font-size:9pt;">&nbsp;</p>
<p style="line-height:10pt;margin-bottom:0pt;margin-top:0pt;margin-left:0.19%;text-indent:0%;font-family:Times New Roman;font-size:9pt;">&nbsp;</p>&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<p style="text-align:justify;margin-top:2pt;margin-bottom:0pt;margin-left:24.72%;margin-right:0.94%;text-indent:0%;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">applications<font style="letter-spacing:0.8pt;"> </font>under<font style="letter-spacing:0.75pt;"> </font>the<font style="letter-spacing:0.65pt;"> </font>Paycheck<font style="letter-spacing:0.75pt;"> </font>Protection<font style="letter-spacing:0.7pt;"> </font>Program,<font style="letter-spacing:0.75pt;"> </font>for<font style="letter-spacing:0.75pt;"> </font>any<font style="letter-spacing:0.8pt;"> </font>reason<font style="letter-spacing:0.7pt;"> </font>or<font style="letter-spacing:0.75pt;"> </font>(ii)<font style="letter-spacing:0.75pt;"> </font>if<font style="letter-spacing:0.7pt;"> </font>the<font style="letter-spacing:3.05pt;"> </font>application<font style="letter-spacing:-0.15pt;"> </font>is<font style="letter-spacing:-0.15pt;"> </font>not<font style="letter-spacing:-0.1pt;"> </font>processed<font style="letter-spacing:-0.1pt;"> </font>by<font style="letter-spacing:-0.1pt;"> </font>Lender.<font style="letter-spacing:2.25pt;"> </font>Borrower<font style="letter-spacing:-0.1pt;"> </font>forever<font style="letter-spacing:-0.1pt;"> </font>releases<font style="letter-spacing:-0.1pt;"> </font>and<font style="letter-spacing:-0.15pt;"> </font>waives<font style="letter-spacing:-0.1pt;"> any </font>claims<font style="letter-spacing:4.05pt;"> </font>against<font style="letter-spacing:-0.3pt;"> </font>Lender,<font style="letter-spacing:-0.35pt;"> </font>its<font style="letter-spacing:-0.45pt;"> </font>affiliates<font style="letter-spacing:-0.45pt;"> </font>and<font style="letter-spacing:-0.4pt;"> </font>their<font style="letter-spacing:-0.35pt;"> </font><font style="letter-spacing:-0.1pt;">respective</font><font style="letter-spacing:-0.45pt;"> </font>directors,<font style="letter-spacing:-0.5pt;"> </font>officers,<font style="letter-spacing:-0.35pt;"> </font>agents<font style="letter-spacing:-0.35pt;"> </font>and<font style="letter-spacing:-0.4pt;"> </font>employees<font style="letter-spacing:4.05pt;"> </font>concerning<font style="letter-spacing:-0.65pt;"> </font>failure<font style="letter-spacing:-0.6pt;"> </font>to<font style="letter-spacing:-0.65pt;"> </font>obtain<font style="letter-spacing:-0.75pt;"> </font>the<font style="letter-spacing:-0.6pt;"> </font>Loan.<font style="letter-spacing:1.3pt;"> </font>This<font style="letter-spacing:-0.6pt;"> </font>release<font style="letter-spacing:-0.55pt;"> </font>and<font style="letter-spacing:-0.75pt;"> </font>waiver<font style="letter-spacing:-0.6pt;"> </font>applies<font style="letter-spacing:-0.55pt;"> </font>to,<font style="letter-spacing:-0.6pt;"> </font>but<font style="letter-spacing:-0.55pt;"> </font>is<font style="letter-spacing:-0.6pt;"> </font>not<font style="letter-spacing:-0.7pt;"> </font>limited<font style="letter-spacing:3.55pt;"> </font>to,<font style="letter-spacing:0.65pt;"> </font>any<font style="letter-spacing:0.65pt;"> </font>claims<font style="letter-spacing:0.75pt;"> </font>concerning<font style="letter-spacing:0.7pt;"> </font>Lender&#8217;s<font style="letter-spacing:0.75pt;"> </font>(i)<font style="letter-spacing:0.65pt;"> </font>pace,<font style="letter-spacing:0.55pt;"> </font>manner<font style="letter-spacing:0.75pt;"> </font>or<font style="letter-spacing:0.6pt;"> </font>systems<font style="letter-spacing:0.65pt;"> </font>for<font style="letter-spacing:0.6pt;"> </font>processing<font style="letter-spacing:0.7pt;"> </font>or<font style="letter-spacing:2.45pt;"> </font>prioritizing<font style="letter-spacing:0.45pt;"> </font>applications,<font style="letter-spacing:0.4pt;"> </font>or<font style="letter-spacing:0.5pt;"> </font>(ii)<font style="letter-spacing:0.5pt;"> </font>representations<font style="letter-spacing:0.5pt;"> </font>by<font style="letter-spacing:0.45pt;"> </font>Lender<font style="letter-spacing:0.5pt;"> </font>regarding<font style="letter-spacing:0.45pt;"> </font>the<font style="letter-spacing:0.55pt;"> </font>application<font style="letter-spacing:4.25pt;"> </font>process,<font style="letter-spacing:0.35pt;"> </font>the<font style="letter-spacing:0.25pt;"> </font>Paycheck<font style="letter-spacing:0.25pt;"> </font>Protection<font style="letter-spacing:0.3pt;"> </font>Program,<font style="letter-spacing:0.35pt;"> </font>or<font style="letter-spacing:0.35pt;"> </font>availability<font style="letter-spacing:0.4pt;"> </font>of<font style="letter-spacing:0.35pt;"> </font>funding.<font style="letter-spacing:1.05pt;"> </font>This<font style="letter-spacing:0.35pt;"> </font>agreement<font style="letter-spacing:0.25pt;"> </font>to<font style="letter-spacing:2.85pt;"> </font>release<font style="letter-spacing:0.75pt;"> </font>and<font style="letter-spacing:0.8pt;"> </font>waiver<font style="letter-spacing:0.85pt;"> </font>supersedes<font style="letter-spacing:0.8pt;"> </font><font style="letter-spacing:-0.1pt;">any</font><font style="letter-spacing:0.85pt;"> </font>prior<font style="letter-spacing:0.85pt;"> </font>communications,<font style="letter-spacing:0.85pt;"> </font><font style="letter-spacing:-0.1pt;">understandings,</font><font style="letter-spacing:0.85pt;"> </font>agreements<font style="letter-spacing:3.65pt;"> </font>or communications<font style="letter-spacing:-0.15pt;"> </font>on<font style="letter-spacing:-0.15pt;"> </font>the <font style="letter-spacing:-0.1pt;">issues</font> set forth herein.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
<td valign="top" style="width:6.74%;white-space:nowrap">
<p style="margin-bottom:0pt;margin-top:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="letter-spacing:-0.05pt;">Forgiveness</font><font style="letter-spacing:-0.35pt;"> </font>of<font style="letter-spacing:-0.25pt;"> </font><font style="letter-spacing:-0.05pt;">the</font><font style="letter-spacing:-0.2pt;"> </font><font style="letter-spacing:-0.05pt;">Loan</font><font style="letter-spacing:-0.25pt;"> </font>is<font style="letter-spacing:-0.35pt;"> </font><font style="letter-spacing:-0.05pt;">only</font><font style="letter-spacing:-0.2pt;"> </font><font style="letter-spacing:-0.05pt;">available</font><font style="letter-spacing:-0.2pt;"> </font><font style="letter-spacing:-0.05pt;">for</font><font style="letter-spacing:-0.25pt;"> </font><font style="letter-spacing:-0.05pt;">principal</font><font style="letter-spacing:-0.25pt;"> </font><font style="letter-spacing:-0.05pt;">that</font><font style="letter-spacing:-0.2pt;"> </font>is<font style="letter-spacing:-0.25pt;"> </font><font style="letter-spacing:-0.05pt;">used</font><font style="letter-spacing:-0.25pt;"> </font><font style="letter-spacing:-0.05pt;">for</font><font style="letter-spacing:-0.35pt;"> </font>the<font style="letter-spacing:-0.25pt;"> </font><font style="letter-spacing:-0.05pt;">limited</font><font style="letter-spacing:-0.35pt;"> </font><font style="letter-spacing:-0.05pt;">purposes</font><font style="letter-spacing:2.85pt;"> </font>that<font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">expressly</font><font style="letter-spacing:0.6pt;"> </font><font style="letter-spacing:-0.05pt;">qualify</font><font style="letter-spacing:0.55pt;"> </font><font style="letter-spacing:-0.05pt;">for</font><font style="letter-spacing:0.4pt;"> </font><font style="letter-spacing:-0.05pt;">forgiveness</font><font style="letter-spacing:0.55pt;"> </font><font style="letter-spacing:-0.05pt;">under</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">SBA</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">requirements,</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">and</font><font style="letter-spacing:0.5pt;"> </font>that<font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">to</font><font style="letter-spacing:0.45pt;"> </font>obtain<font style="letter-spacing:2.35pt;"> </font><font style="letter-spacing:-0.05pt;">forgiveness,</font><font style="letter-spacing:-0.5pt;"> </font><font style="letter-spacing:-0.05pt;">Borrower</font><font style="letter-spacing:-0.6pt;"> </font><font style="letter-spacing:-0.05pt;">must</font><font style="letter-spacing:-0.45pt;"> </font><font style="letter-spacing:-0.05pt;">request</font><font style="letter-spacing:-0.35pt;"> </font><font style="letter-spacing:-0.05pt;">forgiveness</font><font style="letter-spacing:-0.45pt;"> </font><font style="letter-spacing:-0.05pt;">from</font><font style="letter-spacing:-0.4pt;"> </font><font style="letter-spacing:-0.05pt;">the</font><font style="letter-spacing:-0.45pt;"> </font><font style="letter-spacing:-0.05pt;">Lender,</font><font style="letter-spacing:-0.45pt;"> </font><font style="letter-spacing:-0.05pt;">provide</font><font style="letter-spacing:-0.45pt;"> </font><font style="letter-spacing:-0.05pt;">documentation</font><font style="letter-spacing:3.15pt;"> </font>in<font style="letter-spacing:1.8pt;"> </font><font style="letter-spacing:-0.05pt;">accordance</font><font style="letter-spacing:1.85pt;"> </font>with<font style="letter-spacing:1.9pt;"> </font>the<font style="letter-spacing:1.9pt;"> </font><font style="letter-spacing:-0.05pt;">SBA</font><font style="letter-spacing:1.9pt;"> </font><font style="letter-spacing:-0.05pt;">requirements,</font><font style="letter-spacing:1.9pt;"> </font><font style="letter-spacing:-0.05pt;">and</font><font style="letter-spacing:1.9pt;"> </font><font style="letter-spacing:-0.05pt;">certify</font><font style="letter-spacing:1.9pt;"> </font>that<font style="letter-spacing:1.9pt;"> </font>the<font style="letter-spacing:1.95pt;"> </font><font style="letter-spacing:-0.05pt;">amounts</font><font style="letter-spacing:1.9pt;"> </font><font style="letter-spacing:-0.05pt;">Borrower</font><font style="letter-spacing:1.95pt;"> </font>is<font style="letter-spacing:2.75pt;"> </font><font style="letter-spacing:-0.05pt;">requesting</font><font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.05pt;">to</font><font style="letter-spacing:0.15pt;"> </font><font style="letter-spacing:-0.05pt;">be</font><font style="letter-spacing:0.15pt;"> </font><font style="letter-spacing:-0.05pt;">forgiven</font><font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.05pt;">qualify</font><font style="letter-spacing:0.15pt;"> </font><font style="letter-spacing:-0.05pt;">under</font><font style="letter-spacing:0.15pt;"> </font><font style="letter-spacing:-0.05pt;">those</font><font style="letter-spacing:0.15pt;"> </font><font style="letter-spacing:-0.05pt;">requirements.</font><font style="letter-spacing:0.3pt;"> </font><font style="letter-spacing:-0.05pt;">Borrower</font><font style="letter-spacing:0.15pt;"> </font><font style="letter-spacing:-0.05pt;">also</font><font style="letter-spacing:0.15pt;"> </font><font style="letter-spacing:-0.05pt;">understands</font><font style="letter-spacing:3.35pt;"> </font>that<font style="letter-spacing:-0.35pt;"> </font><font style="letter-spacing:-0.05pt;">Borrower</font><font style="letter-spacing:-0.35pt;"> </font><font style="letter-spacing:-0.05pt;">shall</font><font style="letter-spacing:-0.35pt;"> </font><font style="letter-spacing:-0.05pt;">remain</font><font style="letter-spacing:-0.4pt;"> </font><font style="letter-spacing:-0.05pt;">responsible</font><font style="letter-spacing:-0.35pt;"> </font><font style="letter-spacing:-0.05pt;">under</font><font style="letter-spacing:-0.35pt;"> </font>the<font style="letter-spacing:-0.45pt;"> </font>Loan<font style="letter-spacing:-0.5pt;"> </font><font style="letter-spacing:-0.05pt;">for</font><font style="letter-spacing:-0.35pt;"> </font><font style="letter-spacing:-0.05pt;">any</font><font style="letter-spacing:-0.3pt;"> </font><font style="letter-spacing:-0.05pt;">amounts</font><font style="letter-spacing:-0.35pt;"> </font><font style="letter-spacing:-0.05pt;">not</font><font style="letter-spacing:-0.3pt;"> </font><font style="letter-spacing:-0.05pt;">forgiven,</font><font style="letter-spacing:-0.4pt;"> </font><font style="letter-spacing:-0.05pt;">and</font><font style="letter-spacing:3.05pt;"> </font>that<font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">interest</font><font style="letter-spacing:0.4pt;"> </font><font style="letter-spacing:-0.05pt;">payable</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">under</font><font style="letter-spacing:0.45pt;"> </font>the<font style="letter-spacing:0.35pt;"> </font><font style="letter-spacing:-0.05pt;">Loan</font><font style="letter-spacing:0.45pt;"> </font>will<font style="letter-spacing:0.35pt;"> </font><font style="letter-spacing:-0.05pt;">not</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">be</font><font style="letter-spacing:0.4pt;"> </font><font style="letter-spacing:-0.05pt;">forgiven,</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">but</font><font style="letter-spacing:0.4pt;"> </font>that<font style="letter-spacing:0.35pt;"> </font>the<font style="letter-spacing:0.35pt;"> </font><font style="letter-spacing:-0.05pt;">SBA</font><font style="letter-spacing:0.35pt;"> </font><font style="letter-spacing:-0.05pt;">may</font><font style="letter-spacing:0.4pt;"> </font><font style="letter-spacing:-0.05pt;">pay</font><font style="letter-spacing:0.5pt;"> </font>the<font style="letter-spacing:2.05pt;"> </font>Loan<font style="letter-spacing:-0.05pt;"> interest</font><font style="letter-spacing:-0.1pt;"> </font>on<font style="letter-spacing:-0.05pt;"> forgiven</font> <font style="letter-spacing:-0.05pt;">amounts.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="letter-spacing:-0.05pt;">Forgiveness</font><font style="letter-spacing:0.45pt;"> </font>of<font style="letter-spacing:0.45pt;"> </font>the<font style="letter-spacing:0.35pt;"> </font>Loan<font style="letter-spacing:0.5pt;"> </font>is<font style="letter-spacing:0.35pt;"> </font>not<font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">automatic</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">and</font><font style="letter-spacing:0.45pt;"> </font><font style="letter-spacing:-0.05pt;">Borrower</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">must</font><font style="letter-spacing:0.4pt;"> </font><font style="letter-spacing:-0.05pt;">request</font><font style="letter-spacing:0.65pt;"> </font><font style="letter-spacing:-0.05pt;">forgiveness</font><font style="letter-spacing:0.5pt;"> </font>of<font style="letter-spacing:0.45pt;"> </font>the<font style="letter-spacing:2.45pt;"> </font>Loan<font style="letter-spacing:2.3pt;"> </font><font style="letter-spacing:-0.05pt;">from</font><font style="letter-spacing:2.35pt;"> </font>Lender.<font style="letter-spacing:2.35pt;"> </font><font style="letter-spacing:-0.05pt;">Borrower</font><font style="letter-spacing:2.35pt;"> </font>is<font style="letter-spacing:2.4pt;"> </font><font style="letter-spacing:-0.05pt;">not</font><font style="letter-spacing:2.45pt;"> </font>relying<font style="letter-spacing:2.35pt;"> </font>on<font style="letter-spacing:2.2pt;"> </font><font style="letter-spacing:-0.05pt;">Lender</font><font style="letter-spacing:2.4pt;"> </font><font style="letter-spacing:-0.05pt;">for</font><font style="letter-spacing:2.4pt;"> </font>its<font style="letter-spacing:2.35pt;"> </font><font style="letter-spacing:-0.05pt;">understanding</font><font style="letter-spacing:2.25pt;"> </font>of<font style="letter-spacing:2.4pt;"> </font>the<font style="letter-spacing:1.85pt;"> </font><font style="letter-spacing:-0.05pt;">requirements</font><font style="letter-spacing:2.35pt;"> </font><font style="letter-spacing:-0.05pt;">for</font><font style="letter-spacing:2.3pt;"> </font><font style="letter-spacing:-0.05pt;">forgiveness</font><font style="letter-spacing:2.35pt;"> </font><font style="letter-spacing:-0.05pt;">such</font><font style="letter-spacing:2.2pt;"> </font>as<font style="letter-spacing:2.3pt;"> </font><font style="letter-spacing:-0.05pt;">eligible</font><font style="letter-spacing:2.45pt;"> </font><font style="letter-spacing:-0.05pt;">expenditures,</font><font style="letter-spacing:2.45pt;"> </font><font style="letter-spacing:-0.1pt;">necessary</font><font style="letter-spacing:3.25pt;"> </font><font style="letter-spacing:-0.05pt;">records/documentation,</font><font style="letter-spacing:0.25pt;"> </font>or<font style="letter-spacing:0.25pt;"> </font><font style="letter-spacing:-0.05pt;">possible</font><font style="letter-spacing:0.25pt;"> </font><font style="letter-spacing:-0.05pt;">reductions</font><font style="letter-spacing:0.35pt;"> </font><font style="letter-spacing:-0.05pt;">due</font><font style="letter-spacing:0.25pt;"> </font><font style="letter-spacing:-0.05pt;">to</font><font style="letter-spacing:0.3pt;"> </font><font style="letter-spacing:-0.05pt;">changes</font><font style="letter-spacing:0.4pt;"> </font>in<font style="letter-spacing:0.3pt;"> </font><font style="letter-spacing:-0.05pt;">number</font><font style="letter-spacing:0.25pt;"> </font>of<font style="letter-spacing:0.25pt;"> </font><font style="letter-spacing:-0.05pt;">employees</font><font style="letter-spacing:3.35pt;"> </font>or<font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.05pt;">compensation.</font><font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.05pt;">Borrower</font><font style="letter-spacing:1.3pt;"> </font><font style="letter-spacing:-0.05pt;">agrees</font><font style="letter-spacing:1.2pt;"> </font>that<font style="letter-spacing:1.25pt;"> </font>will<font style="letter-spacing:1.15pt;"> </font><font style="letter-spacing:-0.05pt;">consult</font><font style="letter-spacing:1.25pt;"> </font>the<font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.05pt;">SBA&#8217;s</font><font style="letter-spacing:1.25pt;"> </font><font style="letter-spacing:-0.05pt;">program</font><font style="letter-spacing:1.25pt;"> </font><font style="letter-spacing:-0.05pt;">materials</font><font style="letter-spacing:1.45pt;"> </font><font style="letter-spacing:-0.05pt;">and</font><font style="letter-spacing:2.65pt;"> </font><font style="letter-spacing:-0.05pt;">consult</font><font style="letter-spacing:-0.1pt;"> </font>with its<font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">own</font> <font style="letter-spacing:-0.05pt;">counsel</font> <font style="letter-spacing:-0.05pt;">regarding the</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">criteria forgiveness.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="letter-spacing:-0.05pt;">The</font> Loan <font style="letter-spacing:-0.05pt;">Documents</font><font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.05pt;">are</font><font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.05pt;">subject</font> to<font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.05pt;">review,</font> <font style="letter-spacing:-0.05pt;">and</font><font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.05pt;">Borrower</font> <font style="letter-spacing:-0.05pt;">may</font><font style="letter-spacing:0.05pt;"> </font>not <font style="letter-spacing:-0.05pt;">receive</font> the <font style="letter-spacing:-0.05pt;">Loan.</font><font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.05pt;">The</font><font style="letter-spacing:1.3pt;"> </font>Loan<font style="letter-spacing:1.15pt;"> </font><font style="letter-spacing:-0.05pt;">also</font><font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.05pt;">remains</font><font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.05pt;">subject</font><font style="letter-spacing:1.1pt;"> </font>to<font style="letter-spacing:1.3pt;"> </font><font style="letter-spacing:-0.05pt;">availability</font><font style="letter-spacing:1.25pt;"> </font>of<font style="letter-spacing:1.05pt;"> </font><font style="letter-spacing:-0.05pt;">funds</font><font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.05pt;">under</font><font style="letter-spacing:1.2pt;"> </font>the<font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.05pt;">SBA&#8217;s</font><font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.05pt;">Payment</font><font style="letter-spacing:1.1pt;"> </font><font style="letter-spacing:-0.05pt;">Protection</font><font style="letter-spacing:2.35pt;"> </font><font style="letter-spacing:-0.05pt;">Program,</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">and </font>to<font style="letter-spacing:-0.05pt;"> the</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">SBA </font><font style="letter-spacing:-0.1pt;">issuing</font><font style="letter-spacing:-0.05pt;"> </font>an <font style="letter-spacing:-0.05pt;">SBA </font>loan<font style="letter-spacing:-0.05pt;"> number.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="letter-spacing:-0.05pt;">Borrower's</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">liability</font><font style="letter-spacing:0.65pt;"> </font><font style="letter-spacing:-0.05pt;">under</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">this</font><font style="letter-spacing:0.55pt;"> </font>Note<font style="letter-spacing:0.55pt;"> </font>will<font style="letter-spacing:0.6pt;"> </font><font style="letter-spacing:-0.05pt;">continue</font><font style="letter-spacing:0.5pt;"> </font>with<font style="letter-spacing:0.45pt;"> </font><font style="letter-spacing:-0.05pt;">respect</font><font style="letter-spacing:0.65pt;"> </font><font style="letter-spacing:-0.05pt;">to</font><font style="letter-spacing:0.85pt;"> </font><font style="letter-spacing:-0.05pt;">any</font><font style="letter-spacing:0.55pt;"> </font><font style="letter-spacing:-0.05pt;">amounts</font><font style="letter-spacing:0.6pt;"> </font><font style="letter-spacing:-0.05pt;">SBA</font><font style="letter-spacing:0.55pt;"> </font><font style="letter-spacing:-0.05pt;">may</font><font style="letter-spacing:2.85pt;"> </font><font style="letter-spacing:-0.05pt;">pay</font><font style="letter-spacing:-0.2pt;"> </font><font style="letter-spacing:-0.05pt;">Bank</font><font style="letter-spacing:-0.2pt;"> </font><font style="letter-spacing:-0.05pt;">based</font><font style="letter-spacing:-0.35pt;"> </font>on<font style="letter-spacing:-0.25pt;"> </font>an<font style="letter-spacing:-0.25pt;"> </font><font style="letter-spacing:-0.05pt;">SBA</font><font style="letter-spacing:-0.4pt;"> </font><font style="letter-spacing:-0.05pt;">guarantee</font><font style="letter-spacing:-0.3pt;"> </font>of<font style="letter-spacing:-0.25pt;"> </font><font style="letter-spacing:-0.05pt;">this</font><font style="letter-spacing:-0.25pt;"> </font><font style="letter-spacing:-0.05pt;">Note.</font><font style="letter-spacing:-0.25pt;"> </font><font style="letter-spacing:-0.05pt;">Any</font><font style="letter-spacing:-0.3pt;"> </font><font style="letter-spacing:-0.05pt;">agreement</font><font style="letter-spacing:-0.35pt;"> </font>with<font style="letter-spacing:-0.25pt;"> </font><font style="letter-spacing:-0.05pt;">Bank</font><font style="letter-spacing:-0.2pt;"> </font><font style="letter-spacing:-0.05pt;">under</font><font style="letter-spacing:-0.25pt;"> </font>which<font style="letter-spacing:3.05pt;"> </font><font style="letter-spacing:-0.05pt;">SBA</font><font style="letter-spacing:2.1pt;"> </font><font style="letter-spacing:-0.05pt;">may</font><font style="letter-spacing:2.2pt;"> </font><font style="letter-spacing:-0.05pt;">guarantee</font><font style="letter-spacing:2.2pt;"> </font><font style="letter-spacing:-0.05pt;">this</font><font style="letter-spacing:1.9pt;"> </font>Note<font style="letter-spacing:2.2pt;"> </font><font style="letter-spacing:-0.05pt;">does</font><font style="letter-spacing:2.05pt;"> </font><font style="letter-spacing:-0.05pt;">not</font><font style="letter-spacing:2.2pt;"> </font><font style="letter-spacing:-0.05pt;">create</font><font style="letter-spacing:2.05pt;"> </font><font style="letter-spacing:-0.05pt;">any</font><font style="letter-spacing:2.1pt;"> </font><font style="letter-spacing:-0.05pt;">third</font><font style="letter-spacing:2.15pt;"> </font><font style="letter-spacing:-0.05pt;">party</font><font style="letter-spacing:2.05pt;"> </font><font style="letter-spacing:-0.05pt;">rights</font><font style="letter-spacing:2.05pt;"> </font>or<font style="letter-spacing:2.15pt;"> </font><font style="letter-spacing:-0.05pt;">benefits</font><font style="letter-spacing:2.15pt;"> </font><font style="letter-spacing:-0.05pt;">for</font><font style="letter-spacing:3.05pt;"> </font><font style="letter-spacing:-0.05pt;">Borrower</font><font style="letter-spacing:0.7pt;"> </font><font style="letter-spacing:-0.05pt;">and,</font><font style="letter-spacing:0.85pt;"> </font>if<font style="letter-spacing:0.7pt;"> </font><font style="letter-spacing:-0.05pt;">SBA</font><font style="letter-spacing:0.7pt;"> </font><font style="letter-spacing:-0.05pt;">pays</font><font style="letter-spacing:0.65pt;"> </font><font style="letter-spacing:-0.05pt;">Bank</font><font style="letter-spacing:0.85pt;"> </font><font style="letter-spacing:-0.05pt;">under</font><font style="letter-spacing:0.7pt;"> </font><font style="letter-spacing:-0.05pt;">such</font><font style="letter-spacing:0.8pt;"> </font>an<font style="letter-spacing:0.65pt;"> </font><font style="letter-spacing:-0.05pt;">agreement,</font><font style="letter-spacing:0.7pt;"> </font><font style="letter-spacing:-0.05pt;">SBA</font><font style="letter-spacing:0.7pt;"> </font>or<font style="letter-spacing:0.7pt;"> </font><font style="letter-spacing:-0.05pt;">Bank</font><font style="letter-spacing:1.05pt;"> </font><font style="letter-spacing:-0.05pt;">may</font><font style="letter-spacing:0.75pt;"> </font><font style="letter-spacing:-0.05pt;">then</font><font style="letter-spacing:0.8pt;"> </font><font style="letter-spacing:-0.05pt;">seek</font><font style="letter-spacing:3.15pt;"> </font><font style="letter-spacing:-0.05pt;">recovery</font> <font style="letter-spacing:-0.1pt;">from</font><font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.05pt;">Borrower</font><font style="letter-spacing:-0.15pt;"> </font>of<font style="letter-spacing:-0.25pt;"> </font><font style="letter-spacing:-0.05pt;">amounts</font><font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.05pt;">paid</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">by</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">SBA.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="letter-spacing:-0.05pt;">Lender</font><font style="letter-spacing:0.25pt;"> </font><font style="letter-spacing:-0.05pt;">reserves</font><font style="letter-spacing:0.25pt;"> </font><font style="letter-spacing:-0.05pt;">the</font><font style="letter-spacing:0.25pt;"> </font><font style="letter-spacing:-0.05pt;">right</font><font style="letter-spacing:0.15pt;"> </font><font style="letter-spacing:-0.05pt;">to</font><font style="letter-spacing:0.15pt;"> </font><font style="letter-spacing:-0.05pt;">modify</font><font style="letter-spacing:0.1pt;"> </font>the<font style="letter-spacing:0.25pt;"> </font><font style="letter-spacing:-0.1pt;">Note</font><font style="letter-spacing:0.25pt;"> </font><font style="letter-spacing:-0.05pt;">Amount</font><font style="letter-spacing:0.25pt;"> </font><font style="letter-spacing:-0.05pt;">based</font><font style="letter-spacing:0.1pt;"> </font>on<font style="letter-spacing:0.2pt;"> </font><font style="letter-spacing:-0.05pt;">documentation</font><font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.05pt;">received</font><font style="letter-spacing:2.55pt;"> </font><font style="letter-spacing:-0.05pt;">from</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">Borrower.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="letter-spacing:-0.05pt;">Borrower&#8217;s</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">execution</font><font style="letter-spacing:-0.25pt;"> </font>of<font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">this</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">Note</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">has</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">been</font><font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.05pt;">duly</font><font style="letter-spacing:-0.2pt;"> </font><font style="letter-spacing:-0.05pt;">authorized</font><font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.05pt;">by</font><font style="letter-spacing:-0.1pt;"> </font>all<font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.05pt;">necessary</font><font style="letter-spacing:-0.1pt;"> actions </font>of<font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">its</font><font style="letter-spacing:3.05pt;"> </font><font style="letter-spacing:-0.05pt;">governing</font><font style="letter-spacing:1.15pt;"> </font><font style="letter-spacing:-0.05pt;">body.</font><font style="letter-spacing:1.05pt;"> </font><font style="letter-spacing:-0.05pt;">The</font><font style="letter-spacing:1.1pt;"> </font><font style="letter-spacing:-0.05pt;">person</font><font style="letter-spacing:1.15pt;"> </font><font style="letter-spacing:-0.05pt;">signing</font><font style="letter-spacing:1.15pt;"> </font><font style="letter-spacing:-0.05pt;">this</font><font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.05pt;">Note</font><font style="letter-spacing:1.15pt;"> </font>is<font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.05pt;">duly</font><font style="letter-spacing:1.1pt;"> </font><font style="letter-spacing:-0.05pt;">authorized</font><font style="letter-spacing:1.05pt;"> </font><font style="letter-spacing:-0.05pt;">to</font><font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.1pt;">do</font><font style="letter-spacing:1.25pt;"> </font><font style="letter-spacing:-0.1pt;">so</font><font style="letter-spacing:1.15pt;"> </font>on<font style="letter-spacing:1.15pt;"> </font><font style="letter-spacing:-0.05pt;">behalf</font><font style="letter-spacing:1.2pt;"> </font>of<font style="letter-spacing:2.65pt;"> </font><font style="letter-spacing:-0.05pt;">Borrower.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">9.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="letter-spacing:-0.05pt;">This</font><font style="letter-spacing:2.1pt;"> </font><font style="letter-spacing:-0.05pt;">Note</font><font style="letter-spacing:2.1pt;"> </font><font style="letter-spacing:-0.05pt;">shall</font><font style="letter-spacing:2pt;"> </font>not<font style="letter-spacing:2pt;"> </font><font style="letter-spacing:-0.05pt;">be</font><font style="letter-spacing:2.1pt;"> </font><font style="letter-spacing:-0.05pt;">governed</font><font style="letter-spacing:2pt;"> </font><font style="letter-spacing:-0.05pt;">by</font><font style="letter-spacing:2.1pt;"> </font><font style="letter-spacing:-0.05pt;">any</font><font style="letter-spacing:2.05pt;"> </font><font style="letter-spacing:-0.05pt;">existing</font><font style="letter-spacing:2pt;"> </font>or<font style="letter-spacing:2.05pt;"> </font><font style="letter-spacing:-0.05pt;">future</font><font style="letter-spacing:2pt;"> </font><font style="letter-spacing:-0.05pt;">credit</font><font style="letter-spacing:2.2pt;"> </font><font style="letter-spacing:-0.05pt;">agreement</font><font style="letter-spacing:1.95pt;"> </font>or<font style="letter-spacing:2.15pt;"> </font><font style="letter-spacing:-0.05pt;">loan</font><font style="letter-spacing:2.35pt;"> </font><font style="letter-spacing:-0.05pt;">agreement</font><font style="letter-spacing:1.75pt;"> </font>with<font style="letter-spacing:1.8pt;"> </font><font style="letter-spacing:-0.05pt;">Lender.</font><font style="letter-spacing:1.9pt;"> </font><font style="letter-spacing:-0.1pt;">The</font><font style="letter-spacing:1.9pt;"> </font><font style="letter-spacing:-0.05pt;">liabilities</font><font style="letter-spacing:1.8pt;"> </font><font style="letter-spacing:-0.05pt;">guaranteed</font><font style="letter-spacing:1.9pt;"> </font><font style="letter-spacing:-0.05pt;">pursuant</font><font style="letter-spacing:1.95pt;"> </font><font style="letter-spacing:-0.05pt;">to</font><font style="letter-spacing:1.95pt;"> </font><font style="letter-spacing:-0.05pt;">any</font><font style="letter-spacing:1.85pt;"> </font><font style="letter-spacing:-0.05pt;">existing</font><font style="letter-spacing:1.75pt;"> </font>or<font style="letter-spacing:1.75pt;"> </font>future<font style="letter-spacing:2.85pt;"> </font><font style="letter-spacing:-0.05pt;">guaranty</font><font style="letter-spacing:1.6pt;"> </font>in<font style="letter-spacing:1.5pt;"> </font><font style="letter-spacing:-0.05pt;">favor</font><font style="letter-spacing:1.45pt;"> </font>of<font style="letter-spacing:1.5pt;"> </font><font style="letter-spacing:-0.05pt;">Lender</font><font style="letter-spacing:1.6pt;"> </font><font style="letter-spacing:-0.05pt;">shall</font><font style="letter-spacing:1.55pt;"> </font>not<font style="letter-spacing:1.5pt;"> </font><font style="letter-spacing:-0.05pt;">include</font><font style="letter-spacing:1.55pt;"> </font><font style="letter-spacing:-0.05pt;">this</font><font style="letter-spacing:1.6pt;"> </font><font style="letter-spacing:-0.05pt;">Note.</font><font style="letter-spacing:1.45pt;"> </font><font style="letter-spacing:-0.05pt;">The</font><font style="letter-spacing:1.55pt;"> </font><font style="letter-spacing:-0.05pt;">liabilities</font><font style="letter-spacing:1.45pt;"> </font><font style="letter-spacing:-0.05pt;">secured</font><font style="letter-spacing:1.55pt;"> </font><font style="letter-spacing:-0.05pt;">by</font><font style="letter-spacing:1.6pt;"> </font><font style="letter-spacing:-0.1pt;">any</font><font style="letter-spacing:3.25pt;"> </font><font style="letter-spacing:-0.05pt;">existing</font><font style="letter-spacing:-0.15pt;"> </font>or <font style="letter-spacing:-0.05pt;">future</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">security</font><font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.05pt;">instrument</font><font style="letter-spacing:-0.15pt;"> </font>in <font style="letter-spacing:-0.05pt;">favor</font><font style="letter-spacing:-0.1pt;"> </font>of<font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">Lender</font> <font style="letter-spacing:-0.05pt;">shall not</font> <font style="letter-spacing:-0.05pt;">include</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:0.05pt;">the</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">Loan.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"></a>
<p style="margin-top:12pt;line-height:12pt;margin-bottom:0pt;margin-left:0.37%;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4</p>
<p style="line-height:12pt;margin-bottom:0pt;margin-top:0pt;margin-left:0.37%;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p>
<p style="line-height:10pt;margin-bottom:0pt;margin-top:0pt;margin-left:0.19%;text-indent:0%;font-family:Times New Roman;font-size:9pt;">&nbsp;</p>
<p style="line-height:10pt;margin-bottom:0pt;margin-top:0pt;margin-left:0.19%;text-indent:0%;font-family:Times New Roman;font-size:9pt;">&nbsp;</p>&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
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<p style="margin-top:2pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-top:2pt;margin-bottom:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10.</font></p></td>
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<p style="margin-top:2pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="letter-spacing:-0.05pt;">The</font><font style="letter-spacing:1pt;"> </font><font style="letter-spacing:-0.05pt;">proceeds</font><font style="letter-spacing:0.8pt;"> </font>of<font style="letter-spacing:0.85pt;"> </font>the<font style="letter-spacing:0.85pt;"> </font><font style="letter-spacing:-0.05pt;">Loan</font><font style="letter-spacing:0.9pt;"> </font>will<font style="letter-spacing:0.95pt;"> </font><font style="letter-spacing:-0.05pt;">be</font><font style="letter-spacing:0.85pt;"> </font><font style="letter-spacing:-0.05pt;">used</font><font style="letter-spacing:0.85pt;"> </font>to<font style="letter-spacing:0.9pt;"> </font><font style="letter-spacing:-0.05pt;">retain</font><font style="letter-spacing:0.8pt;"> </font><font style="letter-spacing:-0.05pt;">workers</font><font style="letter-spacing:0.8pt;"> </font><font style="letter-spacing:-0.05pt;">and</font><font style="letter-spacing:0.8pt;"> </font><font style="letter-spacing:-0.05pt;">maintain</font><font style="letter-spacing:0.9pt;"> </font><font style="letter-spacing:-0.05pt;">payroll</font><font style="letter-spacing:0.7pt;"> </font>or<font style="letter-spacing:0.85pt;"> </font><font style="letter-spacing:-0.05pt;">make</font><font style="letter-spacing:3.15pt;"> </font><font style="letter-spacing:-0.05pt;">mortgage</font><font style="letter-spacing:1.1pt;"> </font><font style="letter-spacing:-0.05pt;">interest</font><font style="letter-spacing:1.1pt;"> </font><font style="letter-spacing:-0.05pt;">payments,</font><font style="letter-spacing:1.1pt;"> </font><font style="letter-spacing:-0.05pt;">lease</font><font style="letter-spacing:1.1pt;"> </font><font style="letter-spacing:-0.05pt;">payments,</font><font style="letter-spacing:1.1pt;"> </font><font style="letter-spacing:-0.05pt;">and</font><font style="letter-spacing:1.05pt;"> </font><font style="letter-spacing:-0.05pt;">utility</font><font style="letter-spacing:1.15pt;"> </font><font style="letter-spacing:-0.05pt;">payments,</font><font style="letter-spacing:1.1pt;"> </font>as<font style="letter-spacing:1.1pt;"> </font><font style="letter-spacing:-0.05pt;">specified</font><font style="letter-spacing:1.05pt;"> </font><font style="letter-spacing:-0.05pt;">under</font><font style="letter-spacing:2.45pt;"> </font>the<font style="letter-spacing:2pt;"> </font><font style="letter-spacing:-0.05pt;">Paycheck</font><font style="letter-spacing:2.1pt;"> </font><font style="letter-spacing:-0.05pt;">Protection</font><font style="letter-spacing:2pt;"> </font><font style="letter-spacing:-0.05pt;">Program</font><font style="letter-spacing:1.9pt;"> </font>Rule.<font style="letter-spacing:1.6pt;"> </font><font style="letter-spacing:-0.05pt;">Borrower</font><font style="letter-spacing:2.1pt;"> </font><font style="letter-spacing:-0.05pt;">understands</font><font style="letter-spacing:2.05pt;"> </font>that<font style="letter-spacing:2pt;"> </font>if<font style="letter-spacing:2pt;"> </font>the<font style="letter-spacing:2.05pt;"> </font><font style="letter-spacing:-0.1pt;">funds</font><font style="letter-spacing:2pt;"> </font>are<font style="letter-spacing:2.05pt;"> </font><font style="letter-spacing:-0.05pt;">knowingly</font><font style="letter-spacing:0.4pt;"> </font><font style="letter-spacing:-0.05pt;">used</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">for</font><font style="letter-spacing:0.45pt;"> </font><font style="letter-spacing:-0.05pt;">unauthorized</font><font style="letter-spacing:0.45pt;"> </font><font style="letter-spacing:-0.05pt;">purposes,</font><font style="letter-spacing:0.5pt;"> </font>the<font style="letter-spacing:0.35pt;"> </font><font style="letter-spacing:-0.05pt;">federal</font><font style="letter-spacing:0.45pt;"> </font><font style="letter-spacing:-0.05pt;">government</font><font style="letter-spacing:0.35pt;"> </font>may<font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">hold</font><font style="letter-spacing:0.55pt;"> </font><font style="letter-spacing:-0.05pt;">Borrower</font><font style="letter-spacing:3.15pt;"> </font><font style="letter-spacing:-0.05pt;">legally</font> <font style="letter-spacing:-0.05pt;">liable,</font><font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.05pt;">such </font>as <font style="letter-spacing:-0.05pt;">for</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">charges</font> of<font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.05pt;">fraud.</font></p></td>
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<p style="margin-top:2pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:11.24%;text-indent:0%;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Electronic Execution</font><font style="text-decoration:underline;letter-spacing:-0.15pt;"> </font><font style="text-decoration:underline;">of</font><font style="text-decoration:underline;letter-spacing:-0.15pt;"> </font><font style="text-decoration:underline;">Loan Documents.</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:5pt;">&nbsp;</p>
<p style="text-align:justify;margin-top:2pt;margin-bottom:0pt;margin-left:11.24%;margin-right:0.94%;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The<font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.05pt;">words</font><font style="letter-spacing:2.35pt;"> </font><font style="letter-spacing:-0.05pt;">&#8220;execution,&#8221;</font><font style="letter-spacing:2.45pt;"> </font><font style="letter-spacing:-0.05pt;">&#8220;signed,&#8221;</font><font style="letter-spacing:2.45pt;"> </font><font style="letter-spacing:-0.05pt;">&#8220;signature&#8221;</font><font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.05pt;">and</font><font style="letter-spacing:2.35pt;"> </font>words<font style="letter-spacing:2.4pt;"> </font>of<font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.05pt;">like</font><font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.05pt;">import</font><font style="letter-spacing:0.05pt;"> </font>in<font style="letter-spacing:2.35pt;"> </font><font style="letter-spacing:-0.05pt;">this</font>&nbsp;&nbsp;<font style="letter-spacing:-0.05pt;">Note</font><font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.05pt;">and</font>&nbsp;&nbsp;<font style="letter-spacing:-0.1pt;">any</font><font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.05pt;">Loan</font><font style="letter-spacing:3.95pt;"> </font><font style="letter-spacing:-0.05pt;">Document</font><font style="letter-spacing:0.25pt;"> </font><font style="letter-spacing:-0.05pt;">shall</font><font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.05pt;">be</font><font style="letter-spacing:0.3pt;"> </font><font style="letter-spacing:-0.1pt;">deemed</font><font style="letter-spacing:0.2pt;"> </font>to<font style="letter-spacing:0.2pt;"> </font><font style="letter-spacing:-0.05pt;">include</font><font style="letter-spacing:0.15pt;"> </font><font style="letter-spacing:-0.05pt;">electronic</font><font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.05pt;">signatures</font><font style="letter-spacing:0.15pt;"> </font>or<font style="letter-spacing:0.1pt;"> </font>the<font style="letter-spacing:0.15pt;"> </font><font style="letter-spacing:-0.05pt;">keeping</font><font style="letter-spacing:0.2pt;"> </font>of<font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.05pt;">records</font><font style="letter-spacing:0.25pt;"> </font>in<font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.05pt;">electronic</font><font style="letter-spacing:0.2pt;"> </font><font style="letter-spacing:-0.05pt;">form,</font><font style="letter-spacing:3.85pt;"> </font>each<font style="letter-spacing:-0.65pt;"> </font>of<font style="letter-spacing:-0.7pt;"> </font>which<font style="letter-spacing:-0.65pt;"> </font><font style="letter-spacing:-0.05pt;">shall</font><font style="letter-spacing:-0.6pt;"> </font><font style="letter-spacing:-0.05pt;">be</font><font style="letter-spacing:-0.7pt;"> </font>of<font style="letter-spacing:-0.6pt;"> </font><font style="letter-spacing:-0.05pt;">the</font><font style="letter-spacing:-0.55pt;"> </font><font style="letter-spacing:-0.05pt;">same</font><font style="letter-spacing:-0.55pt;"> </font><font style="letter-spacing:-0.05pt;">legal</font><font style="letter-spacing:-0.75pt;"> </font><font style="letter-spacing:-0.05pt;">effect,</font><font style="letter-spacing:-0.7pt;"> </font><font style="letter-spacing:-0.05pt;">validity</font><font style="letter-spacing:-0.7pt;"> </font><font style="letter-spacing:-0.05pt;">and</font><font style="letter-spacing:-0.65pt;"> </font><font style="letter-spacing:-0.05pt;">enforceability</font><font style="letter-spacing:-0.55pt;"> </font>as<font style="letter-spacing:-0.7pt;"> </font>a<font style="letter-spacing:-0.6pt;"> </font><font style="letter-spacing:-0.05pt;">manually</font><font style="letter-spacing:-0.55pt;"> </font><font style="letter-spacing:-0.05pt;">executed</font><font style="letter-spacing:-0.65pt;"> </font><font style="letter-spacing:-0.1pt;">signature</font><font style="letter-spacing:4.95pt;"> </font>or<font style="letter-spacing:-0.25pt;"> </font>the<font style="letter-spacing:-0.1pt;"> use</font><font style="letter-spacing:-0.2pt;"> </font>of<font style="letter-spacing:-0.25pt;"> </font>a<font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">paper-based</font><font style="letter-spacing:-0.25pt;"> </font><font style="letter-spacing:-0.05pt;">recordkeeping</font><font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.05pt;">systems,</font><font style="letter-spacing:-0.25pt;"> </font>as<font style="letter-spacing:-0.35pt;"> </font>the<font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">case</font><font style="letter-spacing:-0.2pt;"> </font><font style="letter-spacing:-0.05pt;">may</font><font style="letter-spacing:-0.1pt;"> be,</font><font style="letter-spacing:-0.2pt;"> </font>to<font style="letter-spacing:-0.15pt;"> </font>the<font style="letter-spacing:-0.2pt;"> </font><font style="letter-spacing:-0.05pt;">extent</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">and</font><font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.1pt;">as </font><font style="letter-spacing:-0.05pt;">provided</font><font style="letter-spacing:-0.25pt;"> </font><font style="letter-spacing:-0.05pt;">for</font><font style="letter-spacing:2.75pt;"> </font>in<font style="letter-spacing:2.2pt;"> </font><font style="letter-spacing:-0.05pt;">any</font><font style="letter-spacing:2.35pt;"> </font><font style="letter-spacing:-0.05pt;">applicable</font><font style="letter-spacing:2.3pt;"> </font><font style="letter-spacing:-0.05pt;">law,</font><font style="letter-spacing:2.25pt;"> </font><font style="letter-spacing:-0.1pt;">including,</font><font style="letter-spacing:2.3pt;"> </font><font style="letter-spacing:-0.05pt;">without</font><font style="letter-spacing:2.3pt;"> </font><font style="letter-spacing:-0.05pt;">limitation,</font><font style="letter-spacing:2.2pt;"> </font><font style="letter-spacing:-0.05pt;">any</font><font style="letter-spacing:2.3pt;"> </font><font style="letter-spacing:-0.05pt;">state</font><font style="letter-spacing:2.35pt;"> </font><font style="letter-spacing:-0.05pt;">law</font><font style="letter-spacing:2.3pt;"> </font><font style="letter-spacing:-0.05pt;">based</font><font style="letter-spacing:2.25pt;"> </font>on<font style="letter-spacing:2.15pt;"> </font>the<font style="letter-spacing:2.3pt;"> </font><font style="letter-spacing:-0.05pt;">Uniform</font><font style="letter-spacing:2.2pt;"> </font><font style="letter-spacing:-0.05pt;">Electronic</font><font style="letter-spacing:4.25pt;"> </font><font style="letter-spacing:-0.05pt;">Transactions</font> Act.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="letter-spacing:-0.05pt;">DEFAULT:</font></p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:11.24%;margin-right:1.87%;text-indent:0%;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Borrower<font style="letter-spacing:-0.15pt;"> </font>is in <font style="letter-spacing:-0.1pt;">default</font> under this Note if<font style="letter-spacing:-0.15pt;"> </font>Borrower does not<font style="letter-spacing:-0.1pt;"> </font>make a<font style="letter-spacing:-0.1pt;"> </font>payment<font style="letter-spacing:-0.15pt;"> </font>when due<font style="letter-spacing:0.25pt;"> </font>under this Note,<font style="letter-spacing:3.65pt;"> </font>or if Borrower<font style="letter-spacing:-0.1pt;"> </font>or Operating Company:</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">A.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">Fails to do<font style="letter-spacing:0.05pt;"> </font>anything required by<font style="letter-spacing:0.05pt;"> </font>this Note<font style="letter-spacing:-0.1pt;"> </font>and<font style="letter-spacing:-0.1pt;"> </font>other<font style="letter-spacing:-0.1pt;"> </font>Loan Documents;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">B.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">Defaults<font style="letter-spacing:-0.1pt;"> </font>on any<font style="letter-spacing:-0.1pt;"> </font>other<font style="letter-spacing:-0.15pt;"> </font>loan<font style="letter-spacing:-0.15pt;"> </font>with Lender;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">C.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">Does<font style="letter-spacing:0.05pt;"> </font>not preserve,<font style="letter-spacing:-0.1pt;"> </font>or <font style="letter-spacing:-0.1pt;">account</font> to Lender&#8217;s satisfaction<font style="letter-spacing:-0.15pt;"> </font>for, <font style="letter-spacing:-0.1pt;">any </font>of <font style="letter-spacing:-0.1pt;">the</font> Collateral<font style="letter-spacing:-0.2pt;"> </font>or its<font style="letter-spacing:0.3pt;"> </font>proceeds;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<td valign="top" style="width:14.61%;white-space:nowrap">
<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">D.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">Does not disclose,<font style="letter-spacing:-0.1pt;"> </font>or<font style="letter-spacing:-0.15pt;"> </font>anyone acting<font style="letter-spacing:-0.15pt;"> </font>on their behalf does not disclose, <font style="letter-spacing:-0.1pt;">any</font> material fact to Lender<font style="letter-spacing:2.95pt;"> </font>or SBA;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">E.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">Makes,<font style="letter-spacing:-0.2pt;"> </font>or<font style="letter-spacing:-0.25pt;"> </font>anyone<font style="letter-spacing:-0.2pt;"> </font>acting<font style="letter-spacing:-0.25pt;"> </font>on<font style="letter-spacing:-0.15pt;"> </font>their<font style="letter-spacing:-0.25pt;"> </font>behalf<font style="letter-spacing:-0.25pt;"> </font>makes,<font style="letter-spacing:-0.1pt;"> </font>a<font style="letter-spacing:-0.35pt;"> </font>materially<font style="letter-spacing:-0.2pt;"> </font>false<font style="letter-spacing:-0.3pt;"> </font>or<font style="letter-spacing:-0.25pt;"> </font>misleading<font style="letter-spacing:-0.15pt;"> </font>representation<font style="letter-spacing:-0.25pt;"> </font>to<font style="letter-spacing:3.35pt;"> </font>Lender<font style="letter-spacing:-0.1pt;"> </font>or <font style="letter-spacing:-0.1pt;">SBA;</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">F.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">Defaults<font style="letter-spacing:1.45pt;"> </font>on<font style="letter-spacing:1.4pt;"> </font>any<font style="letter-spacing:1.5pt;"> </font>loan<font style="letter-spacing:1.35pt;"> </font>or<font style="letter-spacing:1.65pt;"> </font>agreement<font style="letter-spacing:1.5pt;"> </font>with<font style="letter-spacing:1.45pt;"> </font>another<font style="letter-spacing:1.55pt;"> </font>creditor,<font style="letter-spacing:1.45pt;"> </font>if<font style="letter-spacing:1.4pt;"> </font>Lender<font style="letter-spacing:1.4pt;"> </font>believes<font style="letter-spacing:1.35pt;"> </font>the<font style="letter-spacing:1.6pt;"> </font>default<font style="letter-spacing:1.35pt;"> </font>may<font style="letter-spacing:3.55pt;"> </font>materially affect<font style="letter-spacing:-0.1pt;"> </font>Borrower&#8217;s ability to pay<font style="letter-spacing:-0.1pt;"> </font>this Note;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:14.61%;white-space:nowrap">
<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">G.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">Fails to pay<font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.1pt;">any</font> taxes<font style="letter-spacing:-0.1pt;"> </font>when<font style="letter-spacing:-0.15pt;"> </font>due;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<tr>
<td valign="top" style="width:14.61%;white-space:nowrap">
<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">H.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">Becomes the <font style="letter-spacing:-0.1pt;">subject </font>of a proceeding under<font style="letter-spacing:0.1pt;"> </font>any bankruptcy or insolvency law;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:14.61%;white-space:nowrap">
<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">I.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">Has a receiver<font style="letter-spacing:-0.1pt;"> </font>or liquidator<font style="letter-spacing:-0.15pt;"> </font>appointed for <font style="letter-spacing:-0.1pt;">any</font> part<font style="letter-spacing:-0.15pt;"> </font>of<font style="letter-spacing:-0.1pt;"> </font>their business<font style="letter-spacing:-0.1pt;"> </font>or property;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<tr>
<td valign="top" style="width:14.61%;white-space:nowrap">
<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">J.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">Makes an assignment<font style="letter-spacing:-0.15pt;"> </font>for<font style="letter-spacing:-0.15pt;"> </font>the benefit<font style="letter-spacing:-0.15pt;"> </font>of<font style="letter-spacing:-0.1pt;"> </font>creditors;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">K.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">Has<font style="letter-spacing:1.2pt;"> </font>any<font style="letter-spacing:1.15pt;"> </font>adverse<font style="letter-spacing:1.1pt;"> </font>change<font style="letter-spacing:1.1pt;"> </font>in<font style="letter-spacing:1pt;"> </font>financial<font style="letter-spacing:1.05pt;"> </font>condition<font style="letter-spacing:1.05pt;"> </font>or<font style="letter-spacing:1.05pt;"> </font>business<font style="letter-spacing:1.1pt;"> </font>operation<font style="letter-spacing:1.05pt;"> </font>that<font style="letter-spacing:1.05pt;"> </font>Lender<font style="letter-spacing:1.2pt;"> </font>believes<font style="letter-spacing:1pt;"> </font>may<font style="letter-spacing:3.45pt;"> </font>materially affect<font style="letter-spacing:-0.1pt;"> </font>Borrower&#8217;s ability to pay<font style="letter-spacing:-0.1pt;"> </font>this Note;</p></td>
<td valign="top" style="width:1.31%;white-space:nowrap">
<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:14.61%;white-space:nowrap">
<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">L.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">Reorganizes,<font style="letter-spacing:-0.7pt;"> </font>merges,<font style="letter-spacing:-0.7pt;"> </font>consolidates,<font style="letter-spacing:-0.7pt;"> </font>or<font style="letter-spacing:-0.7pt;"> </font>otherwise<font style="letter-spacing:-0.7pt;"> </font>changes<font style="letter-spacing:-0.55pt;"> </font>ownership<font style="letter-spacing:-0.75pt;"> </font>or<font style="letter-spacing:-0.6pt;"> </font>business<font style="letter-spacing:-0.7pt;"> </font>structure<font style="letter-spacing:-0.6pt;"> </font>without<font style="letter-spacing:4.65pt;"> </font>Lender&#8217;s prior<font style="letter-spacing:-0.15pt;"> </font>written consent;<font style="letter-spacing:-0.1pt;"> </font>or</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"></a>
<p style="margin-top:12pt;line-height:12pt;margin-bottom:0pt;margin-left:0.37%;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5</p>
<p style="line-height:12pt;margin-bottom:0pt;margin-top:0pt;margin-left:0.37%;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p>
<p style="line-height:10pt;margin-bottom:0pt;margin-top:0pt;margin-left:0.19%;text-indent:0%;font-family:Times New Roman;font-size:9pt;">&nbsp;</p>
<p style="line-height:10pt;margin-bottom:0pt;margin-top:0pt;margin-left:0.19%;text-indent:0%;font-family:Times New Roman;font-size:9pt;">&nbsp;</p>&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
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<p style="margin-top:2pt;margin-bottom:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-top:2pt;margin-bottom:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">M.</font></p></td>
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<p style="margin-top:2pt;margin-bottom:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">Becomes<font style="letter-spacing:2pt;"> </font>the<font style="letter-spacing:2.05pt;"> </font>subject<font style="letter-spacing:1.95pt;"> </font>of<font style="letter-spacing:2pt;"> </font>a<font style="letter-spacing:1.9pt;"> </font>civil<font style="letter-spacing:2pt;"> </font>or<font style="letter-spacing:1.9pt;"> </font>criminal<font style="letter-spacing:2pt;"> </font>action<font style="letter-spacing:2pt;"> </font>that<font style="letter-spacing:2.05pt;"> </font>Lender<font style="letter-spacing:2pt;"> </font>believes<font style="letter-spacing:1.95pt;"> </font>may<font style="letter-spacing:1.95pt;"> </font>materially<font style="letter-spacing:2.1pt;"> </font>affect<font style="letter-spacing:2.95pt;"> </font>Borrower&#8217;s ability to<font style="letter-spacing:0.05pt;"> </font>pay<font style="letter-spacing:-0.1pt;"> </font>this<font style="letter-spacing:0.1pt;"> </font>Note.</p></td>
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<p style="margin-top:2pt;margin-bottom:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="letter-spacing:-0.05pt;">LENDER&#8217;S</font> <font style="letter-spacing:-0.05pt;">RIGHTS</font><font style="letter-spacing:-0.15pt;"> </font>IF <font style="letter-spacing:-0.05pt;">THERE</font><font style="letter-spacing:-0.2pt;"> </font>IS<font style="letter-spacing:-0.05pt;"> </font>A <font style="letter-spacing:-0.05pt;">DEFAULT.</font></p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:11.24%;text-indent:0%;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Without<font style="letter-spacing:-0.1pt;"> </font>notice<font style="letter-spacing:-0.1pt;"> </font>or demand<font style="letter-spacing:-0.15pt;"> </font>and without<font style="letter-spacing:-0.1pt;"> </font>giving up any<font style="letter-spacing:-0.2pt;"> </font>of its<font style="letter-spacing:-0.1pt;"> </font>rights,<font style="letter-spacing:-0.1pt;"> </font>Lender<font style="letter-spacing:-0.1pt;"> </font>may:</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<tr>
<td valign="top" style="width:14.61%;white-space:nowrap">
<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">A.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">Require immediate<font style="letter-spacing:-0.1pt;"> </font>payment of all<font style="letter-spacing:-0.15pt;"> </font>amounts<font style="letter-spacing:-0.1pt;"> </font>owing<font style="letter-spacing:-0.1pt;"> </font>under this Note;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:14.61%;white-space:nowrap">
<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">B.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">Collect<font style="letter-spacing:0.05pt;"> </font>all<font style="letter-spacing:-0.15pt;"> </font>amounts<font style="letter-spacing:-0.1pt;"> </font>owing<font style="letter-spacing:-0.2pt;"> </font>from<font style="letter-spacing:-0.1pt;"> </font>any<font style="letter-spacing:-0.1pt;"> </font>Borrower<font style="letter-spacing:-0.1pt;"> </font>or Guarantor;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:14.61%;white-space:nowrap">
<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">C.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">File suit and<font style="letter-spacing:-0.15pt;"> </font>obtain judgment.</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:14.61%;white-space:nowrap">
<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
<td valign="top" style="width:3.37%;white-space:nowrap">
<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">D.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">Take<font style="letter-spacing:0.05pt;"> </font>possession<font style="letter-spacing:-0.15pt;"> </font>of<font style="letter-spacing:-0.15pt;"> </font>any Collateral;<font style="letter-spacing:-0.1pt;"> </font>or</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:14.61%;white-space:nowrap">
<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">E.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">Sell, lease,<font style="letter-spacing:-0.1pt;"> </font>or<font style="letter-spacing:-0.1pt;"> </font>otherwise<font style="letter-spacing:0.05pt;"> </font>dispose<font style="letter-spacing:-0.1pt;"> </font>of, any Collateral at<font style="letter-spacing:-0.1pt;"> </font>public or private<font style="letter-spacing:-0.1pt;"> </font>sale,<font style="letter-spacing:-0.1pt;"> </font>with<font style="letter-spacing:-0.15pt;"> </font>or without<font style="letter-spacing:2.75pt;"> </font>advertisement.</p></td>
<td valign="top" style="width:6.55%;white-space:nowrap">
<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:11.24%;white-space:nowrap">
<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
<td valign="top" style="width:3.37%;white-space:nowrap">
<p style="margin-bottom:0pt;margin-top:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="letter-spacing:-0.05pt;">LENDER&#8217;S</font> <font style="letter-spacing:-0.05pt;">GENERAL</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">POWERS.</font></p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:11.24%;text-indent:0%;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Without<font style="letter-spacing:-0.1pt;"> </font>notice<font style="letter-spacing:0.05pt;"> </font>and<font style="letter-spacing:-0.15pt;"> </font>without Borrower&#8217;s<font style="letter-spacing:-0.15pt;"> </font>consent,<font style="letter-spacing:-0.1pt;"> </font>Lender may:</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:14.61%;white-space:nowrap">
<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
<td valign="top" style="width:3.37%;white-space:nowrap">
<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">A.</font></p></td>
<td valign="top">
<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">Bid<font style="letter-spacing:-0.1pt;"> </font>on<font style="letter-spacing:-0.15pt;"> </font>or buy<font style="letter-spacing:-0.1pt;"> </font>the Collateral<font style="letter-spacing:-0.15pt;"> </font>at its<font style="letter-spacing:-0.1pt;"> </font>sale<font style="letter-spacing:-0.1pt;"> </font>or<font style="letter-spacing:-0.1pt;"> </font>the sale<font style="letter-spacing:-0.1pt;"> </font>of another lienholder,<font style="letter-spacing:-0.1pt;"> </font>at any <font style="letter-spacing:-0.1pt;">price</font><font style="letter-spacing:0.05pt;"> </font>it<font style="letter-spacing:-0.1pt;"> </font>chooses;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:14.61%;white-space:nowrap">
<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
<td valign="top" style="width:3.37%;white-space:nowrap">
<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">B.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">Incur expenses to<font style="letter-spacing:0.05pt;"> </font>collect amounts due under<font style="letter-spacing:-0.1pt;"> </font>this Note, enforce<font style="letter-spacing:-0.1pt;"> </font>the<font style="letter-spacing:-0.1pt;"> </font>terms<font style="letter-spacing:-0.1pt;"> </font>of<font style="letter-spacing:-0.1pt;"> </font>this<font style="letter-spacing:-0.15pt;"> </font>Note<font style="letter-spacing:-0.1pt;"> </font>or<font style="letter-spacing:-0.15pt;"> </font>any<font style="letter-spacing:2.75pt;"> </font>other<font style="letter-spacing:-0.1pt;"> </font>Loan Document, and<font style="letter-spacing:-0.2pt;"> </font>preserve<font style="letter-spacing:-0.1pt;"> </font>or dispose<font style="letter-spacing:-0.1pt;"> </font>of<font style="letter-spacing:-0.1pt;"> </font>the<font style="letter-spacing:-0.1pt;"> </font>Collateral. Among<font style="letter-spacing:-0.15pt;"> </font>other<font style="letter-spacing:-0.15pt;"> </font>things, the<font style="letter-spacing:2.95pt;"> </font>expenses<font style="letter-spacing:-0.15pt;"> </font>may<font style="letter-spacing:0.05pt;"> </font>include<font style="letter-spacing:-0.1pt;"> </font>payments<font style="letter-spacing:-0.15pt;"> </font>for<font style="letter-spacing:-0.15pt;"> </font>property taxes, prior liens,<font style="letter-spacing:-0.15pt;"> </font>insurance,<font style="letter-spacing:-0.1pt;"> </font>appraisals,<font style="letter-spacing:3.6pt;"> </font>environmental remediation costs, and reasonable<font style="letter-spacing:-0.15pt;"> </font>attorney&#8217;s fees<font style="letter-spacing:0.05pt;"> </font>and costs. If Lender incurs<font style="letter-spacing:3.65pt;"> </font>such expenses, it<font style="letter-spacing:-0.15pt;"> </font>may<font style="letter-spacing:0.05pt;"> </font>demand immediate<font style="letter-spacing:-0.1pt;"> </font>repayment<font style="letter-spacing:-0.1pt;"> </font>from<font style="letter-spacing:-0.1pt;"> </font>Borrower<font style="letter-spacing:-0.1pt;"> </font>or<font style="letter-spacing:-0.1pt;"> </font>add the<font style="letter-spacing:-0.1pt;"> </font>expenses<font style="letter-spacing:-0.15pt;"> </font>to<font style="letter-spacing:0.05pt;"> </font>the<font style="letter-spacing:3.55pt;"> </font>principal balance;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">C.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">Release anyone<font style="letter-spacing:-0.1pt;"> </font>obligated<font style="letter-spacing:-0.15pt;"> </font>to<font style="letter-spacing:0.05pt;"> </font>pay<font style="letter-spacing:-0.1pt;"> </font>this Note;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">D.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">Compromise,<font style="letter-spacing:-0.15pt;"> </font>release,<font style="letter-spacing:-0.15pt;"> </font>renew,<font style="letter-spacing:0.05pt;"> </font>extend<font style="letter-spacing:-0.2pt;"> </font>or substitute<font style="letter-spacing:-0.1pt;"> </font>any<font style="letter-spacing:-0.1pt;"> </font>of<font style="letter-spacing:-0.1pt;"> </font>the Collateral; and</p></td></tr></table></div>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">E.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">Take<font style="letter-spacing:0.05pt;"> </font>any action necessary<font style="letter-spacing:-0.1pt;"> </font>to<font style="letter-spacing:0.05pt;"> </font>protect the<font style="letter-spacing:-0.15pt;"> </font>Collateral<font style="letter-spacing:-0.2pt;"> </font>or<font style="letter-spacing:-0.25pt;"> </font>collect amounts<font style="letter-spacing:-0.1pt;"> </font>owing<font style="letter-spacing:-0.15pt;"> </font>on this Note.</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">WHEN<font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">FEDERAL</font><font style="letter-spacing:-0.1pt;"> </font>LAW<font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.05pt;">APPLIES;</font> <font style="letter-spacing:-0.05pt;">GOVERNING</font> <font style="letter-spacing:-0.05pt;">LAW;</font><font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.1pt;">FORUM</font> <font style="letter-spacing:-0.1pt;">SELECTION.</font></p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:11.24%;margin-right:0.94%;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">When<font style="letter-spacing:1.35pt;"> </font><font style="letter-spacing:-0.05pt;">SBA</font><font style="letter-spacing:1.3pt;"> </font>is<font style="letter-spacing:1.3pt;"> </font>the<font style="letter-spacing:1.3pt;"> </font><font style="letter-spacing:-0.05pt;">holder,</font><font style="letter-spacing:1.35pt;"> </font><font style="letter-spacing:-0.05pt;">this</font><font style="letter-spacing:1.45pt;"> </font><font style="letter-spacing:-0.05pt;">Note</font><font style="letter-spacing:1.35pt;"> </font>will<font style="letter-spacing:1.4pt;"> </font><font style="letter-spacing:-0.1pt;">be</font><font style="letter-spacing:1.5pt;"> </font><font style="letter-spacing:-0.05pt;">interpreted</font><font style="letter-spacing:1.4pt;"> </font><font style="letter-spacing:-0.05pt;">and</font><font style="letter-spacing:1.35pt;"> </font><font style="letter-spacing:-0.05pt;">enforced</font><font style="letter-spacing:1.45pt;"> </font><font style="letter-spacing:-0.05pt;">under</font><font style="letter-spacing:1.35pt;"> </font><font style="letter-spacing:-0.05pt;">federal</font><font style="letter-spacing:1.4pt;"> </font><font style="letter-spacing:-0.05pt;">law,</font><font style="letter-spacing:1.45pt;"> </font><font style="letter-spacing:-0.05pt;">including</font><font style="letter-spacing:1.4pt;"> </font><font style="letter-spacing:-0.05pt;">SBA</font><font style="letter-spacing:2.15pt;"> </font><font style="letter-spacing:-0.05pt;">regulations.</font><font style="letter-spacing:2.25pt;"> </font><font style="letter-spacing:-0.05pt;">Lender</font><font style="letter-spacing:1.1pt;"> </font>or<font style="letter-spacing:1.05pt;"> </font><font style="letter-spacing:-0.1pt;">SBA</font><font style="letter-spacing:1.15pt;"> </font><font style="letter-spacing:-0.05pt;">may</font><font style="letter-spacing:1.25pt;"> </font><font style="letter-spacing:-0.05pt;">use</font><font style="letter-spacing:1.1pt;"> </font><font style="letter-spacing:-0.05pt;">state</font><font style="letter-spacing:1.1pt;"> </font>or<font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.05pt;">local</font><font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.05pt;">procedures</font><font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.05pt;">for</font><font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.05pt;">filing</font><font style="letter-spacing:1.15pt;"> </font><font style="letter-spacing:-0.05pt;">papers,</font><font style="letter-spacing:1.2pt;"> </font>recording<font style="letter-spacing:1.15pt;"> </font><font style="letter-spacing:-0.05pt;">documents,</font><font style="letter-spacing:2.8pt;"> </font><font style="letter-spacing:-0.05pt;">giving</font><font style="letter-spacing:0.55pt;"> </font><font style="letter-spacing:-0.05pt;">notice,</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">foreclosing</font><font style="letter-spacing:0.55pt;"> </font><font style="letter-spacing:-0.05pt;">liens,</font><font style="letter-spacing:0.55pt;"> </font><font style="letter-spacing:-0.05pt;">and</font><font style="letter-spacing:0.45pt;"> </font><font style="letter-spacing:-0.05pt;">other</font><font style="letter-spacing:0.6pt;"> </font><font style="letter-spacing:-0.05pt;">purposes.</font><font style="letter-spacing:1.1pt;"> </font>By<font style="letter-spacing:0.65pt;"> </font><font style="letter-spacing:-0.05pt;">using</font><font style="letter-spacing:0.45pt;"> </font><font style="letter-spacing:-0.05pt;">such</font><font style="letter-spacing:0.55pt;"> </font><font style="letter-spacing:-0.05pt;">procedures,</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">SBA</font><font style="letter-spacing:0.55pt;"> </font><font style="letter-spacing:-0.05pt;">does</font><font style="letter-spacing:0.6pt;"> </font><font style="letter-spacing:-0.05pt;">not</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">waive</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.1pt;">any</font><font style="letter-spacing:2.95pt;"> </font><font style="letter-spacing:-0.05pt;">federal</font><font style="letter-spacing:0.35pt;"> </font><font style="letter-spacing:-0.05pt;">immunity</font><font style="letter-spacing:0.4pt;"> </font><font style="letter-spacing:-0.05pt;">from</font><font style="letter-spacing:0.3pt;"> </font><font style="letter-spacing:-0.05pt;">state</font><font style="letter-spacing:0.4pt;"> </font>or<font style="letter-spacing:0.35pt;"> </font><font style="letter-spacing:-0.05pt;">local</font><font style="letter-spacing:0.2pt;"> </font><font style="letter-spacing:-0.05pt;">control,</font><font style="letter-spacing:0.35pt;"> </font><font style="letter-spacing:-0.05pt;">penalty,</font><font style="letter-spacing:0.25pt;"> </font>tax,<font style="letter-spacing:0.25pt;"> </font>or<font style="letter-spacing:0.35pt;"> </font><font style="letter-spacing:-0.05pt;">liability.</font><font style="letter-spacing:0.35pt;"> </font>As<font style="letter-spacing:0.2pt;"> </font><font style="letter-spacing:-0.05pt;">to</font><font style="letter-spacing:0.4pt;"> </font><font style="letter-spacing:-0.05pt;">this</font><font style="letter-spacing:0.35pt;"> </font><font style="letter-spacing:-0.05pt;">Note,</font><font style="letter-spacing:0.25pt;"> </font><font style="letter-spacing:-0.05pt;">Borrower</font><font style="letter-spacing:0.25pt;"> </font><font style="letter-spacing:-0.05pt;">may</font><font style="letter-spacing:0.4pt;"> </font><font style="letter-spacing:-0.05pt;">not</font><font style="letter-spacing:2.85pt;"> </font><font style="letter-spacing:-0.05pt;">claim</font><font style="letter-spacing:1.1pt;"> </font>or<font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.05pt;">assert</font><font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.05pt;">against</font><font style="letter-spacing:1.3pt;"> </font><font style="letter-spacing:-0.1pt;">SBA</font><font style="letter-spacing:1.15pt;"> </font><font style="letter-spacing:-0.05pt;">any</font><font style="letter-spacing:1.25pt;"> </font>local<font style="letter-spacing:1.05pt;"> </font>or<font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.05pt;">state</font><font style="letter-spacing:1.2pt;"> </font>law<font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.05pt;">to</font><font style="letter-spacing:1.15pt;"> </font><font style="letter-spacing:-0.05pt;">deny</font><font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.05pt;">any</font><font style="letter-spacing:1.25pt;"> </font><font style="letter-spacing:-0.05pt;">obligation,</font><font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.05pt;">defeat</font><font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.05pt;">any</font><font style="letter-spacing:1.25pt;"> </font><font style="letter-spacing:-0.05pt;">claim</font><font style="letter-spacing:1.25pt;"> </font>of<font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.05pt;">SBA,</font><font style="letter-spacing:1.05pt;"> </font>or<font style="letter-spacing:3.75pt;"> </font><font style="letter-spacing:-0.05pt;">preempt</font> <font style="letter-spacing:-0.05pt;">federal</font> law.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"></a>
<p style="margin-top:12pt;line-height:12pt;margin-bottom:0pt;margin-left:0.37%;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6</p>
<p style="line-height:12pt;margin-bottom:0pt;margin-top:0pt;margin-left:0.37%;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p>
<p style="line-height:10pt;margin-bottom:0pt;margin-top:0pt;margin-left:0.19%;text-indent:0%;font-family:Times New Roman;font-size:9pt;">&nbsp;</p>
<p style="line-height:10pt;margin-bottom:0pt;margin-top:0pt;margin-left:0.19%;text-indent:0%;font-family:Times New Roman;font-size:9pt;">&nbsp;</p>&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
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<p style="margin-top:2pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-top:2pt;margin-bottom:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8.</font></p></td>
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<p style="margin-top:2pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="letter-spacing:-0.05pt;">SUCCESSORS</font> <font style="letter-spacing:-0.05pt;">AND</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">ASSIGNS.</font></p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:11.24%;margin-right:1.31%;text-indent:0%;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Under this Note,<font style="letter-spacing:-0.15pt;"> </font>Borrower and Operating<font style="letter-spacing:-0.1pt;"> </font>Company<font style="letter-spacing:0.1pt;"> </font>includes its successors,<font style="letter-spacing:-0.15pt;"> </font>and<font style="letter-spacing:-0.1pt;"> </font>Lender includes its<font style="letter-spacing:3.45pt;"> </font>successors and<font style="letter-spacing:-0.1pt;"> assigns.</font></p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">9.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="letter-spacing:-0.05pt;">GENERAL </font><font style="letter-spacing:-0.1pt;">PROVISIONS.</font></p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">A.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">All individuals and entities<font style="letter-spacing:-0.1pt;"> </font>signing this Note<font style="letter-spacing:-0.1pt;"> </font>are jointly<font style="letter-spacing:-0.1pt;"> </font>and<font style="letter-spacing:-0.1pt;"> </font>severally<font style="letter-spacing:-0.1pt;"> </font>liable.</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">B.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">Borrower<font style="letter-spacing:-0.15pt;"> </font>waives<font style="letter-spacing:-0.1pt;"> </font>all <font style="letter-spacing:-0.1pt;">suretyship</font> defenses.</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">C.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">Borrower<font style="letter-spacing:-0.35pt;"> </font>must<font style="letter-spacing:-0.2pt;"> </font>sign<font style="letter-spacing:-0.25pt;"> </font>all<font style="letter-spacing:-0.25pt;"> </font>documents<font style="letter-spacing:-0.25pt;"> </font>necessary<font style="letter-spacing:-0.2pt;"> </font>at<font style="letter-spacing:-0.2pt;"> </font><font style="letter-spacing:-0.1pt;">any</font><font style="letter-spacing:-0.2pt;"> </font>time<font style="letter-spacing:-0.2pt;"> </font>to<font style="letter-spacing:-0.15pt;"> </font>comply<font style="letter-spacing:-0.2pt;"> </font>with<font style="letter-spacing:-0.25pt;"> </font>the<font style="letter-spacing:-0.25pt;"> </font>Loan<font style="letter-spacing:-0.25pt;"> </font>Documents<font style="letter-spacing:2.35pt;"> </font>and to enable Lender<font style="letter-spacing:-0.1pt;"> </font>to acquire,<font style="letter-spacing:0.05pt;"> </font>perfect,<font style="letter-spacing:-0.1pt;"> </font>or<font style="letter-spacing:-0.15pt;"> </font>maintain<font style="letter-spacing:-0.15pt;"> </font>Lender&#8217;s liens<font style="letter-spacing:-0.15pt;"> </font>on Collateral.</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">D.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">Lender<font style="letter-spacing:0.15pt;"> </font>may<font style="letter-spacing:0.3pt;"> </font>exercise<font style="letter-spacing:0.25pt;"> </font>any<font style="letter-spacing:0.15pt;"> </font>of<font style="letter-spacing:0.1pt;"> </font>its<font style="letter-spacing:0.25pt;"> </font>rights<font style="letter-spacing:0.15pt;"> </font>separately<font style="letter-spacing:0.15pt;"> </font>or<font style="letter-spacing:0.1pt;"> </font>together,<font style="letter-spacing:0.25pt;"> </font><font style="letter-spacing:-0.1pt;">as</font><font style="letter-spacing:0.1pt;"> </font>many<font style="letter-spacing:0.15pt;"> </font>times<font style="letter-spacing:0.25pt;"> </font>and<font style="letter-spacing:0.2pt;"> </font><font style="letter-spacing:-0.1pt;">in</font><font style="letter-spacing:0.2pt;"> </font>any<font style="letter-spacing:0.15pt;"> </font>order<font style="letter-spacing:3.65pt;"> </font>it<font style="letter-spacing:-0.45pt;"> </font>chooses.<font style="letter-spacing:-0.6pt;"> </font>Lender<font style="letter-spacing:-0.7pt;"> </font>may<font style="letter-spacing:-0.55pt;"> </font>delay<font style="letter-spacing:-0.55pt;"> </font>or<font style="letter-spacing:-0.45pt;"> </font><font style="letter-spacing:-0.1pt;">forgo</font><font style="letter-spacing:-0.55pt;"> </font>enforcing<font style="letter-spacing:-0.5pt;"> </font>any<font style="letter-spacing:-0.65pt;"> </font>of<font style="letter-spacing:-0.5pt;"> </font>its<font style="letter-spacing:-0.45pt;"> </font>rights<font style="letter-spacing:-0.55pt;"> </font>without<font style="letter-spacing:-0.55pt;"> </font>giving<font style="letter-spacing:-0.55pt;"> </font>up<font style="letter-spacing:-0.65pt;"> </font><font style="letter-spacing:-0.1pt;">any</font><font style="letter-spacing:-0.55pt;"> </font>of<font style="letter-spacing:-0.6pt;"> </font>them.</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;letter-spacing:-0.05pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:21.35%;margin-right:1.31%;text-indent:0%;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">E.<font style="margin-left:124pt;"></font>Borrower<font style="letter-spacing:-0.35pt;"> </font>may<font style="letter-spacing:-0.15pt;"> </font>not<font style="letter-spacing:-0.2pt;"> </font><font style="letter-spacing:-0.1pt;">use</font><font style="letter-spacing:-0.2pt;"> </font>an<font style="letter-spacing:-0.4pt;"> </font>oral<font style="letter-spacing:-0.25pt;"> </font>statement<font style="letter-spacing:-0.2pt;"> </font>of<font style="letter-spacing:-0.35pt;"> </font>Lender<font style="letter-spacing:-0.35pt;"> </font>or<font style="letter-spacing:-0.25pt;"> </font>SBA<font style="letter-spacing:-0.25pt;"> </font>to<font style="letter-spacing:-0.25pt;"> </font>contradict<font style="letter-spacing:-0.35pt;"> </font>or<font style="letter-spacing:-0.25pt;"> </font>alter<font style="letter-spacing:-0.35pt;"> </font>the<font style="letter-spacing:-0.25pt;"> </font>written<font style="letter-spacing:2.85pt;"> </font>terms<font style="letter-spacing:-0.1pt;"> </font>of this Note.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">E.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">If <font style="letter-spacing:-0.05pt;">any</font> <font style="letter-spacing:-0.05pt;">part</font><font style="letter-spacing:-0.1pt;"> </font>of<font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">this</font> <font style="letter-spacing:-0.05pt;">Note</font> is<font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.05pt;">unenforceable,</font> all<font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.05pt;">other</font> <font style="letter-spacing:-0.05pt;">parts</font><font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.05pt;">remain</font><font style="letter-spacing:-0.1pt;"> </font>in<font style="letter-spacing:-0.15pt;"> </font>effect.</p></td></tr></table></div>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">F.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="letter-spacing:-0.05pt;">To</font><font style="letter-spacing:0.55pt;"> </font>the<font style="letter-spacing:0.6pt;"> </font><font style="letter-spacing:-0.05pt;">extent</font><font style="letter-spacing:0.65pt;"> </font><font style="letter-spacing:-0.05pt;">allowed</font><font style="letter-spacing:0.55pt;"> </font><font style="letter-spacing:-0.1pt;">by</font><font style="letter-spacing:0.65pt;"> </font><font style="letter-spacing:-0.05pt;">law,</font><font style="letter-spacing:0.6pt;"> </font><font style="letter-spacing:-0.05pt;">Borrower</font><font style="letter-spacing:0.45pt;"> </font><font style="letter-spacing:-0.05pt;">waives</font><font style="letter-spacing:0.5pt;"> </font>all<font style="letter-spacing:0.55pt;"> </font><font style="letter-spacing:-0.05pt;">demands</font><font style="letter-spacing:0.6pt;"> </font><font style="letter-spacing:-0.05pt;">and</font><font style="letter-spacing:0.55pt;"> </font><font style="letter-spacing:-0.05pt;">notices</font><font style="letter-spacing:0.5pt;"> </font>in<font style="letter-spacing:0.55pt;"> </font>connection<font style="letter-spacing:0.55pt;"> </font><font style="letter-spacing:-0.05pt;">with</font><font style="letter-spacing:2.35pt;"> </font><font style="letter-spacing:-0.05pt;">this</font><font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.05pt;">Note,</font><font style="letter-spacing:1.1pt;"> </font><font style="letter-spacing:-0.05pt;">including</font><font style="letter-spacing:1.15pt;"> </font><font style="letter-spacing:-0.05pt;">presentment,</font><font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.05pt;">demand,</font><font style="letter-spacing:1.1pt;"> </font><font style="letter-spacing:-0.05pt;">protest,</font><font style="letter-spacing:1pt;"> </font><font style="letter-spacing:-0.05pt;">and</font><font style="letter-spacing:1.15pt;"> </font><font style="letter-spacing:-0.05pt;">notice</font><font style="letter-spacing:1.1pt;"> </font>of<font style="letter-spacing:1.05pt;"> </font><font style="letter-spacing:-0.05pt;">dishonor.</font><font style="letter-spacing:1.15pt;"> </font><font style="letter-spacing:-0.05pt;">Borrower</font><font style="letter-spacing:1.2pt;"> </font><font style="letter-spacing:-0.05pt;">also</font><font style="letter-spacing:2.85pt;"> </font><font style="letter-spacing:-0.05pt;">waives</font> <font style="letter-spacing:-0.05pt;">any</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">defenses</font> <font style="letter-spacing:-0.05pt;">based</font><font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.05pt;">upon </font>any<font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">claim</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">that</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">Lender</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">did</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">not</font><font style="letter-spacing:-0.1pt;"> </font>obtain<font style="letter-spacing:-0.2pt;"> </font>any<font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">guarantee;</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">did</font><font style="letter-spacing:-0.1pt;"> not</font><font style="letter-spacing:2.25pt;"> </font><font style="letter-spacing:-0.05pt;">obtain,</font><font style="letter-spacing:0.35pt;"> </font><font style="letter-spacing:-0.05pt;">perfect,</font><font style="letter-spacing:0.25pt;"> </font>or<font style="letter-spacing:0.25pt;"> </font><font style="letter-spacing:-0.05pt;">maintain</font><font style="letter-spacing:0.3pt;"> </font>a<font style="letter-spacing:0.35pt;"> </font><font style="letter-spacing:-0.05pt;">lien</font><font style="letter-spacing:0.2pt;"> </font><font style="letter-spacing:-0.05pt;">upon</font><font style="letter-spacing:0.2pt;"> </font><font style="letter-spacing:-0.05pt;">Collateral;</font><font style="letter-spacing:0.4pt;"> </font><font style="letter-spacing:-0.05pt;">impaired</font><font style="letter-spacing:0.35pt;"> </font><font style="letter-spacing:-0.05pt;">Collateral;</font><font style="letter-spacing:0.3pt;"> </font>or<font style="letter-spacing:0.25pt;"> </font><font style="letter-spacing:-0.05pt;">did</font><font style="letter-spacing:0.3pt;"> </font><font style="letter-spacing:-0.05pt;">not</font><font style="letter-spacing:0.25pt;"> </font>obtain<font style="letter-spacing:0.3pt;"> </font><font style="letter-spacing:-0.05pt;">the</font><font style="letter-spacing:2.95pt;"> </font><font style="letter-spacing:-0.05pt;">fair</font> <font style="letter-spacing:-0.05pt;">market</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">value</font><font style="letter-spacing:-0.1pt;"> </font>of<font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.05pt;">Collateral </font>at a<font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">sale.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="letter-spacing:-0.05pt;">STATE-SPECIFIC</font> <font style="letter-spacing:-0.1pt;">PROVISIONS:</font></p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10.5pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:11.24%;margin-right:0.94%;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">If<font style="letter-spacing:0.1pt;"> </font>the<font style="letter-spacing:0.15pt;"> </font><font style="letter-spacing:-0.05pt;">SBA</font><font style="letter-spacing:0.1pt;"> </font>is<font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.05pt;">not</font> the<font style="letter-spacing:0.15pt;"> </font><font style="letter-spacing:-0.1pt;">holder,</font><font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.05pt;">this</font><font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.05pt;">Note</font><font style="letter-spacing:0.15pt;"> </font><font style="letter-spacing:-0.05pt;">shall</font><font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.1pt;">be</font><font style="letter-spacing:0.15pt;"> </font><font style="letter-spacing:-0.05pt;">governed</font><font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.05pt;">by</font><font style="letter-spacing:0.15pt;"> </font><font style="letter-spacing:-0.05pt;">and</font><font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.05pt;">construed</font><font style="letter-spacing:0.1pt;"> </font>in<font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.05pt;">accordance</font><font style="letter-spacing:0.15pt;"> </font>with <font style="letter-spacing:-0.05pt;">the</font><font style="letter-spacing:0.15pt;"> </font><font style="letter-spacing:-0.05pt;">laws</font><font style="letter-spacing:0.05pt;"> </font>of<font style="letter-spacing:2.55pt;"> </font>the<font style="letter-spacing:0.15pt;"> </font><font style="letter-spacing:-0.05pt;">State</font><font style="letter-spacing:-0.1pt;"> </font>of <font style="letter-spacing:-0.05pt;">California</font> <font style="letter-spacing:-0.05pt;">where</font><font style="letter-spacing:0.15pt;"> </font><font style="letter-spacing:-0.05pt;">the</font> main<font style="letter-spacing:-0.2pt;"> </font><font style="letter-spacing:-0.05pt;">office</font><font style="letter-spacing:-0.1pt;"> </font>of <font style="letter-spacing:-0.05pt;">Lender</font><font style="letter-spacing:0.1pt;"> </font>is <font style="letter-spacing:-0.05pt;">located. MATTERS</font> <font style="letter-spacing:-0.05pt;">REGARDING</font><font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.05pt;">INTEREST</font><font style="letter-spacing:-0.15pt;"> </font>TO BE<font style="letter-spacing:2.35pt;"> </font><font style="letter-spacing:-0.05pt;">CHARGED</font><font style="letter-spacing:1.95pt;"> </font>BY<font style="letter-spacing:2.05pt;"> </font><font style="letter-spacing:-0.1pt;">LENDER</font><font style="letter-spacing:2.05pt;"> </font><font style="letter-spacing:-0.1pt;">AND</font><font style="letter-spacing:2.05pt;"> </font><font style="letter-spacing:-0.05pt;">THE</font><font style="letter-spacing:1.95pt;"> </font><font style="letter-spacing:-0.05pt;">EXPORTATION</font><font style="letter-spacing:2.05pt;"> </font><font style="letter-spacing:-0.05pt;">OF</font><font style="letter-spacing:2.05pt;"> </font><font style="letter-spacing:-0.05pt;">INTEREST</font><font style="letter-spacing:2pt;"> </font><font style="letter-spacing:-0.1pt;">SHALL</font><font style="letter-spacing:2.1pt;"> </font>BE<font style="letter-spacing:1.95pt;"> </font><font style="letter-spacing:-0.05pt;">GOVERNED</font><font style="letter-spacing:2.05pt;"> </font><font style="letter-spacing:-0.1pt;">BY</font><font style="letter-spacing:2.05pt;"> </font><font style="letter-spacing:-0.05pt;">FEDERAL</font><font style="letter-spacing:1.95pt;"> </font>LAW<font style="letter-spacing:2.35pt;"> </font><font style="letter-spacing:-0.05pt;">(INCLUDING</font> <font style="letter-spacing:-0.05pt;">WITHOUT</font><font style="letter-spacing:0.15pt;"> </font><font style="letter-spacing:-0.05pt;">LIMITATION</font><font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.05pt;">12</font><font style="letter-spacing:0.15pt;"> </font><font style="letter-spacing:-0.05pt;">U.S.C.</font><font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.1pt;">SECTIONS</font><font style="letter-spacing:0.1pt;"> </font>85<font style="letter-spacing:0.15pt;"> </font><font style="letter-spacing:-0.05pt;">AND</font><font style="letter-spacing:0.05pt;"> </font>1831(u)<font style="letter-spacing:0.15pt;"> </font><font style="letter-spacing:-0.05pt;">AND</font><font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.05pt;">THE</font> LAW<font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.05pt;">OF</font><font style="letter-spacing:0.1pt;"> </font><font style="letter-spacing:-0.1pt;">THE</font><font style="letter-spacing:0.15pt;"> </font><font style="letter-spacing:-0.05pt;">STATE</font> OF</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:11.24%;margin-right:0.94%;text-indent:0%;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">CALIFORNIA.<font style="letter-spacing:0.7pt;"> </font>Borrower<font style="letter-spacing:0.7pt;"> </font>agrees<font style="letter-spacing:0.7pt;"> </font>that<font style="letter-spacing:0.7pt;"> </font><font style="letter-spacing:-0.1pt;">any</font><font style="letter-spacing:0.75pt;"> </font>legal<font style="letter-spacing:0.7pt;"> </font>action<font style="letter-spacing:0.55pt;"> </font>or<font style="letter-spacing:0.7pt;"> </font>proceeding<font style="letter-spacing:0.65pt;"> </font>with<font style="letter-spacing:0.7pt;"> </font>respect<font style="letter-spacing:0.6pt;"> </font>to<font style="letter-spacing:0.8pt;"> </font>any<font style="letter-spacing:0.65pt;"> </font>of<font style="letter-spacing:0.7pt;"> </font>its<font style="letter-spacing:0.6pt;"> </font>obligations<font style="letter-spacing:3.75pt;"> </font>under<font style="letter-spacing:0.15pt;"> </font>this<font style="letter-spacing:0.1pt;"> </font>Note<font style="letter-spacing:-0.1pt;"> </font>may<font style="letter-spacing:0.05pt;"> </font>be<font style="letter-spacing:0.15pt;"> </font>brought<font style="letter-spacing:0.15pt;"> </font>by<font style="letter-spacing:0.05pt;"> </font>Lender<font style="letter-spacing:0.15pt;"> </font>in any<font style="letter-spacing:0.15pt;"> </font>state or<font style="letter-spacing:0.1pt;"> </font>federal<font style="letter-spacing:0.1pt;"> </font>court located <font style="letter-spacing:-0.1pt;">in</font><font style="letter-spacing:0.1pt;"> </font>the<font style="letter-spacing:0.15pt;"> </font>State<font style="letter-spacing:0.05pt;"> </font>of<font style="letter-spacing:0.3pt;"> </font>California,<font style="letter-spacing:2.85pt;"> </font>as<font style="letter-spacing:1.2pt;"> </font>Lender<font style="letter-spacing:1.1pt;"> </font>in<font style="letter-spacing:1.15pt;"> </font>its<font style="letter-spacing:1.2pt;"> </font>sole<font style="letter-spacing:1.1pt;"> </font>discretion<font style="letter-spacing:1.05pt;"> </font>may<font style="letter-spacing:1.15pt;"> </font>elect.<font style="letter-spacing:1.2pt;"> </font>Borrower<font style="letter-spacing:1.1pt;"> </font>submits<font style="letter-spacing:1.1pt;"> </font>to<font style="letter-spacing:1.2pt;"> </font>and<font style="letter-spacing:1.05pt;"> </font>accepts<font style="letter-spacing:1.05pt;"> </font>in<font style="letter-spacing:1.15pt;"> </font>respect<font style="letter-spacing:1pt;"> </font>of<font style="letter-spacing:1.2pt;"> </font>its<font style="letter-spacing:1.25pt;"> </font>property,<font style="letter-spacing:3.35pt;"> </font>generally<font style="letter-spacing:0.4pt;"> </font>and<font style="letter-spacing:0.3pt;"> </font>unconditionally,<font style="letter-spacing:0.35pt;"> </font>the<font style="letter-spacing:0.35pt;"> </font>non-exclusive<font style="letter-spacing:0.4pt;"> </font>jurisdiction<font style="letter-spacing:0.2pt;"> </font>of<font style="letter-spacing:0.35pt;"> </font>those<font style="letter-spacing:0.4pt;"> </font>courts.<font style="letter-spacing:0.3pt;"> </font>Borrower<font style="letter-spacing:0.35pt;"> </font>waives<font style="letter-spacing:0.4pt;"> </font><font style="letter-spacing:-0.1pt;">any</font><font style="letter-spacing:0.4pt;"> </font>claim<font style="letter-spacing:4.35pt;"> </font>that<font style="letter-spacing:0.95pt;"> </font>the<font style="letter-spacing:0.95pt;"> </font>State<font style="letter-spacing:1pt;"> </font>of<font style="letter-spacing:1pt;"> </font>California<font style="letter-spacing:0.85pt;"> </font>is<font style="letter-spacing:0.95pt;"> </font>not<font style="letter-spacing:1pt;"> </font>a<font style="letter-spacing:0.95pt;"> </font>convenient<font style="letter-spacing:0.95pt;"> </font>forum<font style="letter-spacing:0.9pt;"> </font>or<font style="letter-spacing:0.95pt;"> </font>the<font style="letter-spacing:0.95pt;"> </font>proper<font style="letter-spacing:0.95pt;"> </font>venue<font style="letter-spacing:1pt;"> </font>for<font style="letter-spacing:0.95pt;"> </font><font style="letter-spacing:-0.1pt;">any</font><font style="letter-spacing:1pt;"> </font>such<font style="letter-spacing:0.9pt;"> </font>suit,<font style="letter-spacing:1pt;"> </font>action<font style="letter-spacing:0.9pt;"> </font>or<font style="letter-spacing:2.25pt;"> </font>proceeding. The extension<font style="letter-spacing:-0.15pt;"> </font>of credit that<font style="letter-spacing:-0.15pt;"> </font>is the <font style="letter-spacing:-0.1pt;">subject </font>of this <font style="letter-spacing:-0.1pt;">Note</font> is being made<font style="letter-spacing:-0.1pt;"> </font>by Lender in<font style="letter-spacing:0.2pt;"> </font>California.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"></a>
<p style="margin-top:12pt;line-height:12pt;margin-bottom:0pt;margin-left:0.37%;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7</p>
<p style="line-height:12pt;margin-bottom:0pt;margin-top:0pt;margin-left:0.37%;text-indent:0%;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p>
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<p style="line-height:10pt;margin-bottom:0pt;margin-top:0pt;margin-left:0.19%;text-indent:0%;font-family:Times New Roman;font-size:9pt;">&nbsp;</p>&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
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<p style="margin-top:2pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;">&nbsp;</p></td>
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<p style="margin-top:2pt;margin-bottom:0pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">11.</font></p></td>
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<p style="margin-top:2pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Calibri;font-size:11pt;"><font style="letter-spacing:-0.05pt;">BORROWER&#8217;S</font> <font style="letter-spacing:-0.05pt;">NAME(S)</font><font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.05pt;">AND</font><font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.05pt;">SIGNATURE(S).</font></p></td></tr></table></div>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:11.24%;margin-right:1.31%;text-indent:0%;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">BORROWER<font style="letter-spacing:-0.55pt;"> </font>CERTIFIES<font style="letter-spacing:-0.65pt;"> </font><font style="letter-spacing:-0.1pt;">THAT</font><font style="letter-spacing:-0.45pt;"> </font>THE<font style="letter-spacing:-0.6pt;"> </font><font style="letter-spacing:-0.1pt;">INFORMATION</font><font style="letter-spacing:-0.6pt;"> </font>PROVIDED<font style="letter-spacing:-0.55pt;"> </font>IN<font style="letter-spacing:-0.55pt;"> </font>THIS<font style="letter-spacing:-0.5pt;"> </font><font style="letter-spacing:-0.1pt;">APPLICATION</font><font style="letter-spacing:-0.65pt;"> </font>AND<font style="letter-spacing:-0.45pt;"> </font>THE<font style="letter-spacing:-0.6pt;"> </font><font style="letter-spacing:-0.1pt;">INFORMATION</font><font style="letter-spacing:5.1pt;"> </font>PROVIDED<font style="letter-spacing:1.45pt;"> </font>IN<font style="letter-spacing:1.55pt;"> </font>ALL<font style="letter-spacing:1.5pt;"> </font><font style="letter-spacing:-0.1pt;">SUPPORTING</font><font style="letter-spacing:1.5pt;"> </font>DOCUMENTS<font style="letter-spacing:1.55pt;"> </font>AND<font style="letter-spacing:1.6pt;"> </font>FORMS<font style="letter-spacing:1.55pt;"> </font>IS<font style="letter-spacing:1.35pt;"> </font>TRUE<font style="letter-spacing:1.6pt;"> </font><font style="letter-spacing:-0.1pt;">AND</font><font style="letter-spacing:1.6pt;"> </font>ACCURATE<font style="letter-spacing:1.5pt;"> </font>IN<font style="letter-spacing:1.5pt;"> </font>ALL<font style="letter-spacing:1.5pt;"> </font>MATERIAL<font style="letter-spacing:2.25pt;"> </font>RESPECTS.<font style="letter-spacing:1.05pt;"> </font>BORROWER<font style="letter-spacing:1.1pt;"> </font><font style="letter-spacing:-0.1pt;">UNDERSTANDS</font><font style="letter-spacing:1.05pt;"> </font>THAT<font style="letter-spacing:1.1pt;"> </font>KNOWINGLY<font style="letter-spacing:1.1pt;"> </font>MAKING<font style="letter-spacing:1.1pt;"> </font>A<font style="letter-spacing:1.05pt;"> </font>FALSE<font style="letter-spacing:1.05pt;"> </font>STATEMENT<font style="letter-spacing:1.1pt;"> </font>TO<font style="letter-spacing:1pt;"> </font>OBTAIN<font style="letter-spacing:1pt;"> </font>A<font style="letter-spacing:2.05pt;"> </font>GUARANTEED<font style="letter-spacing:0.5pt;"> </font>LOAN<font style="letter-spacing:0.4pt;"> </font>FROM<font style="letter-spacing:0.4pt;"> </font>SBA<font style="letter-spacing:0.45pt;"> </font>IS<font style="letter-spacing:0.45pt;"> </font>PUNISHABLE<font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.1pt;">UNDER</font><font style="letter-spacing:0.5pt;"> </font>THE<font style="letter-spacing:0.5pt;"> </font>LAW,<font style="letter-spacing:0.5pt;"> </font>INCLUDING<font style="letter-spacing:0.45pt;"> </font>UNDER<font style="letter-spacing:0.35pt;"> </font>18<font style="letter-spacing:0.5pt;"> </font>USC<font style="letter-spacing:0.35pt;"> </font>1001<font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.1pt;">AND</font><font style="letter-spacing:2.15pt;"> </font>3571<font style="letter-spacing:0.55pt;"> </font>BY<font style="letter-spacing:0.5pt;"> </font>IMPRISONMENT<font style="letter-spacing:0.4pt;"> </font>OF<font style="letter-spacing:0.6pt;"> </font>NOT<font style="letter-spacing:0.4pt;"> </font>MORE<font style="letter-spacing:0.5pt;"> </font>THAN<font style="letter-spacing:0.45pt;"> </font>FIVE<font style="letter-spacing:0.45pt;"> </font>YEARS<font style="letter-spacing:0.55pt;"> </font><font style="letter-spacing:-0.1pt;">AND/OR</font><font style="letter-spacing:0.6pt;"> </font>A<font style="letter-spacing:0.45pt;"> </font>FINE<font style="letter-spacing:0.5pt;"> </font>OF<font style="letter-spacing:0.45pt;"> </font>UP<font style="letter-spacing:0.5pt;"> </font>TO<font style="letter-spacing:0.5pt;"> </font>$250,000;<font style="letter-spacing:0.55pt;"> </font><font style="letter-spacing:-0.1pt;">UNDER</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:11.24%;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">15<font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">USC</font><font style="letter-spacing:0.35pt;"> </font><font style="letter-spacing:-0.05pt;">645</font><font style="letter-spacing:0.5pt;"> </font>BY<font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.1pt;">IMPRISONMENT</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">OF</font><font style="letter-spacing:0.45pt;"> </font><font style="letter-spacing:-0.1pt;">NOT</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">MORE</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.1pt;">THAN</font><font style="letter-spacing:0.45pt;"> </font><font style="letter-spacing:-0.05pt;">TWO</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">YEARS</font><font style="letter-spacing:0.45pt;"> </font><font style="letter-spacing:-0.05pt;">AND/OR</font><font style="letter-spacing:0.5pt;"> </font>A<font style="letter-spacing:0.45pt;"> </font><font style="letter-spacing:-0.1pt;">FINE</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">OF</font><font style="letter-spacing:0.45pt;"> </font><font style="letter-spacing:-0.05pt;">NOT</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">MORE</font><font style="letter-spacing:0.5pt;"> </font><font style="letter-spacing:-0.05pt;">THAN</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:11.24%;margin-right:1.5%;text-indent:0%;letter-spacing:-0.05pt;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$5,000; <font style="letter-spacing:1.6pt;"> </font>AND, <font style="letter-spacing:1.6pt;"> </font>IF <font style="letter-spacing:1.55pt;"> </font>SUBMITTED <font style="letter-spacing:1.6pt;"> </font><font style="letter-spacing:-0.1pt;">TO</font> <font style="letter-spacing:1.6pt;"> </font>A <font style="letter-spacing:1.6pt;"> </font>FEDERALLY <font style="letter-spacing:1.65pt;"> </font>INSURED <font style="letter-spacing:1.6pt;"> </font><font style="letter-spacing:-0.1pt;">INSTITUTION,</font> <font style="letter-spacing:1.6pt;"> </font>UNDER <font style="letter-spacing:1.6pt;"> </font>18 <font style="letter-spacing:1.6pt;"> </font>USC <font style="letter-spacing:1.6pt;"> </font>1014 <font style="letter-spacing:1.65pt;"> </font>BY<font style="letter-spacing:2.25pt;"> </font>IMPRISONMENT<font style="letter-spacing:-0.1pt;"> </font>OF NOT<font style="letter-spacing:-0.1pt;"> </font>MORE<font style="letter-spacing:0.05pt;"> </font>THAN<font style="letter-spacing:-0.15pt;"> </font>THIRTY<font style="letter-spacing:-0.1pt;"> </font>YEARS <font style="letter-spacing:-0.1pt;">AND/OR</font> A FINE OF<font style="letter-spacing:-0.15pt;"> </font>NOT<font style="letter-spacing:-0.1pt;"> </font>MORE THAN<font style="letter-spacing:-0.15pt;"> </font>$1,000,000.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:11.24%;text-indent:0%;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">By<font style="letter-spacing:0.05pt;"> </font><font style="letter-spacing:-0.05pt;">signing below,</font><font style="letter-spacing:-0.1pt;"> </font>each<font style="letter-spacing:-0.05pt;"> individual</font> or<font style="letter-spacing:-0.15pt;"> </font><font style="letter-spacing:-0.05pt;">entity</font> <font style="letter-spacing:-0.05pt;">becomes</font><font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">obligated under</font> <font style="letter-spacing:-0.05pt;">this</font> <font style="letter-spacing:-0.05pt;">Note</font><font style="letter-spacing:-0.1pt;"> </font>as<font style="letter-spacing:-0.1pt;"> </font><font style="letter-spacing:-0.05pt;">Borrower.</font></p>
<p style="margin-top:4pt;margin-bottom:0pt;margin-left:11.62%;margin-right:29.59%;text-indent:0%;font-size:9pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Funds<font style="letter-spacing:0.2pt;"> </font>will<font style="letter-spacing:0.25pt;"> </font>be<font style="letter-spacing:0.2pt;"> </font>credited<font style="letter-spacing:0.25pt;"> </font>to<font style="letter-spacing:0.2pt;"> </font>your<font style="letter-spacing:0.25pt;"> </font>Deposit Account<font style="letter-spacing:0.3pt;"> </font>Number<font style="letter-spacing:0.35pt;"> </font>ending<font style="letter-spacing:0.35pt;"> </font>in:  </p>
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU3"></a>8674</p></div>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;text-align:left;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">BORROWER:</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;text-align:left;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">By:</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;text-align:left;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;text-align:left;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">/s/ Emmanuel Reamico</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;text-align:left;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Name:</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;text-align:left;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;text-align:left;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Emmanuel Reamico</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;text-align:left;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Title:</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;text-align:left;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Controller</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;text-align:left;color:#000000;font-size:1pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
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<p style="margin-bottom:1pt;border-bottom:Solid 0.75pt #000000;padding-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;text-align:left;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4/22/2020</p></td>
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