Document:

Exhibit 10.1

 

PLACEMENT AGENT AND ADVISORY

SERVICES AGREEMENT

 

This
Placement Agent and Advisory Services Agreement (this “Agreement”) is made as of March 7, 2018 (the “Effective
Date”), by and between Drone USA, Inc., a Delaware corporation (the “Company”), and Scottsdale Capital
Advisors Corporation, an Arizona corporation (“Scottsdale”). Scottsdale and the Company agree as follows:

 

	1.	Engagement
                                         of Scottsdale: The Company hereby engages Scottsdale, and Scottsdale hereby accepts
                                         such engagement, to act as the Company’s placement agent with respect to the following:

 

	 	(a)	securing
    an investor or investors (the “Investor”) to purchase bona fide outstanding and unpaid creditor claims held against
    the Company (the “Claims”);
	 	 	 
	 	(b)	representing
    the Company in negotiations with the Investor to exchange the Claims for common shares within the Company to be issued in
    a state court approved transaction meeting the criteria set forth in Section 3 (a) (10) of the Securities Act of 1933; and,
	 	 	 
	 	(c)	advising
    the Company as the potential shareholder impacts of any proposed transaction involving the Company, the Investor and the subject
    claim holders.

 

The
above services shall hereafter collectively be referred to as the “Placement Agent Services” or the “Placement.”
This Agreement shall be executed on an exclusive basis.

 

The
Company acknowledges and agrees that Scottsdale obligations hereunder are on a reasonable best efforts basis only and that the
execution of this Agreement does not constitute a commitment by Scottsdale to purchase the Claims or assure that Scottsdale will
find an Investor to purchase the Claims and/or complete an exchange of the Claims for common shares in the Company.

 

	2.	Scottsdale’s
                                         Compensation: The Company hereby agrees to pay Scottsdale for Placement Agent
                                         Services an amount equal to $15,000 in the form of a convertible note (the “Placement
                                         Note”). The Placement Note will mature in six (6) months from the date of issuance
                                         and shall accrue interest at the rate of 10% per annum. The Placement Note will be convertible
                                         into shares of the Company’s common stock at a per share price equal to 70% of
                                         the low closing bid price for the twenty (20) trading days prior to the conversion and
                                         will not be subject to any registration rights. Unless otherwise agreed upon by Scottsdale,
                                         the Placement Note will be issued to Scottsdale immediately upon the closing of the Placement.

  

	3.	Certain
                                         Matters Relating to Scottsdale’s Duties:

 

	 	(a)	With
    respect to the Placement Agent Services defined in Section I, Scottsdale shall (i) assist the Company in the preparation of
    information documents to be shared with potential Investors (ii) assist in the negotiation of terms with Investors, (iii)
    introduce selected Investor to Claim holders, and (iv) perform other related duties.

 

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		(b)	Scottsdale
shall perform its duties under this Agreement in a manner consistent with the instructions of the Company. Such performance shall
include the delivery of information to potential interested parties, conducting due diligence, and leading discussions with potential
Investors.
	 	 	 
		(c)	Scottsdale
is and will hereafter act as an independent contractor and not as an employee of the Company and nothing in this Agreement shall
be interpreted or construed to create any employment, partnership, joint venture, or other relationship between Scottsdale and
the Company. Scottsdale will not hold itself out as having, and will not state to any person that Scottsdale has, any relationship
with the Company other than as an independent contractor.
	 	 	 
		(d)	Scottsdale
agrees, represents and warrants that: (i) it has full right, power and authority to enter into this Agreement and to perform all
of its obligations hereunder; (ii) this Agreement has been duly authorized and executed by and constitutes a valid and binding
agreement of Scottsdale enforceable in accordance with its terms; (iii) Scottsdale has all applicable securities licenses that
may be required to engage in the activities contemplated by this Agreement; (iv) the general terms of this Agreement, in particular
Scottsdale’s compensation hereunder, are a material item of disclosure that must be made to any prospective investor prior
to the acceptance of any investment funds either through an Offering Memorandum or subscription agreement associated with the
purchase of the Claims; and (v) the execution and delivery of this Agreement and the consummation of the transactions contemplated
hereby do not conflict with or result in a breach of Scottsdale’s certificate of organization or operating agreement. Further,
this Agreement and the transactions contemplated herein shall not conflict with or result in the breach of any agreement to which
Scottsdale is a party at the time the transactions contemplated herein are consummated.

 

	4.	Certain
                                         Matters Relating to Company’s Duties:

 

	 	(a)	The
    Company agrees to obtain its own legal counsel, independent of the Investor’s legal counsel, with respect to the subject transaction.
	 	 	 
	 	(b)	The
    Company shall promptly provide Scottsdale with all relevant information about the Company that shall be reasonably requested
    or required by Scottsdale, which information shall be complete and accurate in all material respects, to the best knowledge
    of Company, at the time furnished.
	 	 	 
	 	(c)	The
    Company recognizes that in order for Scottsdale to perform properly its obligations in a professional manner, it is necessary
    that Scottsdale be informed of and, to the extent practicable, participate in meetings and discussions between the Company
    and any third party, including, without limitation, any prospective purchaser of the Company’s Claims, relating to the matters
    covered by the terms of Scottsdale’s engagement.
	 	 	 
	 	(d)	The
    Company agrees that any report or opinion, oral or written, delivered to it by Scottsdale is prepared solely for its confidential
    use and shall not be reproduced, summarized, or referred to in any public document or given or otherwise divulged to any other
    person without Scottsdale’s prior written consent, except as may be required by applicable law or regulation.

 

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	 	(e)	The
    Company represents and warrants that: (i) it has full right, power and authority to enter into this Agreement and to perform
    all of its obligations hereunder; (ii) this Agreement has been duly authorized and executed by and constitutes a valid and
    binding agreement of the Company enforceable in accordance with its terms; and (iii) the execution and delivery of this Agreement
    and the consummation of the transactions contemplated hereby do not conflict with or result in a breach of the Company’s certificate
    of incorporation or by-laws. Further, this Agreement and the transactions contemplated herein shall not conflict with or result
    in the breach of any agreement to which the Company is a party at the time the transactions contemplated herein are consummated.

 

	5.	Term;
                                         Termination of Agreement. The term of this Agreement shall commence on the Effective
                                         Date and shall expire on July 16, 2018 (the “Term”). Either party may terminate
                                         this Agreement prior to its expiration (i) for any reason by notifying the other party
                                         in writing with notice of termination or (ii) by notifying the other party in writing
                                         upon a material breach by that other party, unless such breach is curable and is in fact
                                         cured within fifteen (15) days after such notice. Notwithstanding anything herein to
                                         the contrary, the obligation to pay the Placement Fee and Expenses set forth in paragraphs
                                         2 and 13, respectively.
	 	 
	6.	Indemnification.
                                         The indemnification provisions set forth in Exhibit A hereto are incorporated
                                         by reference and are a part of this Agreement.
	 	 
	7.	Notices.
                                         Any notice, consent, authorization or other communication to be given hereunder shall
                                         be in writing and shall be deemed duly given and received when delivered personally,
                                         when transmitted by fax during the normal business hours of the party receiving such
                                         notice so long a copy of that notice is also send by certified mail, return receipt requested
                                         at the time it is transmitted by fax, five business days after being mailed by certified
                                         mail, return receipt requested or one business day after being sent by a nationally recognized
                                         overnight delivery service, charges and postage prepaid, properly addressed to the party
                                         to receive such notice, at the following address or fax number for such party (or at
                                         such other address or fax number as shall hereafter be specified by such party by like
                                         notice):

 

(a)       If
to Scottsdale, to:

 

Scottsdale
Capital Advisors Corp

Investment Banking Department

7170 E McDonald Drive, Suite 6

Scottsdale, AZ 85253

Telephone
Number: (480) 603 4947

E-mail:
jkane@scottsdalecapital.com

  

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(b)       If
to the Company, to:

 

Drone
USA, Inc

Attn:
Michael Bannon

16
Hamilton Street

West
Haven, CT

Telephone
Number: (203) 410-8924

E-mail:
mike@droneusainc.com

 

	8.	Company
                                         to Control Transactions. The terms and conditions under which the Company would
                                         enter into a Placement shall be at the sole discretion of the Company. Nothing in this
                                         Agreement shall obligate the Company to actually consummate a Placement. The Company
                                         may terminate any negotiations or discussions at any time and reserves the right not
                                         to proceed with a Placement.

 

Pre-existing
Relationship; No Solicitation. Scottsdale hereby discloses that it has a preexisting relationship with the investors which
Scottsdale has introduced, or which Scottsdale expects to introduce, to the Company for the purposes of engaging in the subject
transaction. Specifically, said investors are or have been clients of Scottsdale. Accordingly any offers made in connection with
the placement of the Claimss will be made only to prospective purchasers on an individual basis and no general solicitation or
general advertising in any form will be used to place the Claims.

 

	9.	Confidentiality
                                         of Company Information. Scottsdale, and its officers, directors, employees and
                                         agents shall maintain in strict confidence and not copy, disclose or transfer to any
                                         other party (1) all confidential business and financial information regarding
                                         the Company and its affiliates, including without limitation, projections, business plans,
                                         marketing plans, product development plans, pricing, costs, customer, vendor and supplier
                                         lists and identification, channels of distribution, and terms of identification of proposed
                                         or actual contracts and (2) all confidential technology of the Company. In furtherance
                                         of the foregoing, Scottsdale agrees that it shall not transfer, transmit, distribute,
                                         download or communicate, in any electronic, digitized or other form or media, any of
                                         the confidential technology of the Company. The foregoing is not intended to preclude
                                         Scottsdale from utilizing, subject to the terms and conditions of this Agreement, an
                                         Offering Memorandum, subscription agreement and/or other documents prepared or approved
                                         by the Company for utilization in connection with the transactions contemplated hereunder.
                                         Further, the Company must approve any such Offering Memorandum, subscription agreement
                                         or other documents, and any amendments or supplements thereto, being prepared by Scottsdale,
                                         before it is mailed to prospective Investors. All communications regarding any possible
                                         transactions, requests for due diligence or other information, requests for facility
                                         tours, product demonstrations or management meetings, will be submitted or directed to
                                         the Company, and Scottsdale shall not contact any employees, customers, suppliers or
                                         contractors of the Company or its affiliates without express permission from the Company.
                                         Nothing in this Agreement shall constitute a grant of authority to Scottsdale or any
                                         representatives thereof to remove, examine or copy any particular document or types of
                                         information regarding the Company, and the Company shall retain control over the particular
                                         documents or items to be provided, examined or copied. If a Placement is not consummated,
                                         or if at any time the Company so requests, Scottsdale and its representatives will return
                                         to the Company all copies of information regarding the Company in their possession.

 

The
provisions of this Section shall survive any termination of this Agreement.

 

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	10.	Press
                                         Releases, Etc. The Company shall control all press releases or announcements
                                         to the public, the media or the industry regarding any Placement or business relationship
                                         involving the Company or its affiliates. Except for communication to Investors in furtherance
                                         of this Agreement, Scottsdale will not disclose the fact that discussions or negotiations
                                         are taking place concerning a possible Placement involving the Company, or the status
                                         or terms and conditions thereof.

 

	11.	Due Diligence: Neither the Company,
    nor any of its directors, officers or stockholders, should, in any way rely on Scottsdale to perform any due diligence with
    respect to the Company. It is expressly understood and agreed that the Investors will conduct their own due diligence on the
    Company and the opportunity.
	 	 
	12.	Expenses, Etc. The Company will
    pay out-of-pocket expense incurred by Scottsdale with the Company’s prior written approval. The out-of-pocket expense
    (if applicable) will be paid in the same time and manner as the Placement Fee.
	 	 
	13.	Compliance with Laws. Scottsdale
    represents and warrants that it shall conduct itself in compliance with applicable federal and state laws including without
    limitation the Securities Act of 1933 and the Securities Exchange Act of 1934 and all applicable rules and regulations promulgated
    thereunder. Scottsdale represents that it is not a party to any other Agreement, which would conflict with or interfere with
    the terms and conditions of this Agreement.

 

	14.	Assignment
                                         Permissable. Scottsdale reserves the right to assign a portion of this Agreement
                                         to one or more sub-agents with respect to any Placement, subject to the prior written
                                         consent of the Company, which may be withheld for any or no reason. Any approved sub-agent
                                         shall be paid directly any portion of the Financial and Operational Advisory Fee and
                                         Success Fees as agreed to by Scottsdale. The Company does acknowledge that Scottsdale
                                         may pay other consultants or agents in connection with the Placement(s).
	 	 
	15.	Amendments.
                                         Neither party may amend this Agreement or rescind any of its existing provisions
                                         without the prior written consent of the other party.
	 	 
	16.	Governing
                                         Law; Dispute Resolution. This Agreement shall be deemed to have been made in
                                         the State of Arizona and shall be construed, and the rights and liabilities determined,
                                         in accordance with the law of the State of Arizona, without regard to the conflicts of
                                         laws rules of such jurisdiction with the exception of the application of securities laws
                                         in which case such controversies shall be resolved in accordance with federal securities
                                         laws. Any controversy or claim relating to or arising from this Agreement (an “Arbitrable
                                         Dispute”) shall be settled by arbitration in accordance with the Commercial Arbitration
                                         Rules of the American Arbitration Association (the “AAA”) as such rules may
                                         be modified herein or as otherwise agreed by the parties in controversy. The forum for
                                         arbitration shall be Maricopa County, Arizona. Following thirty (30) days notice by any
                                         party of intention to invoke arbitration, any Arbitrable Dispute arising under this Agreement
                                         and not mutually resolved within such thirty (30) day period shall be determined by a
                                         single arbitrator upon which the parties agree, or in event of non agreement, as selected
                                         by the AAA.

 

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	17.	Waiver. Neither
    Scottsdale’s nor the Company’s failure to insist at any time upon strict compliance with this Agreement or any
    of its terms nor any continued course of such conduct on their part shall constitute or be considered a waiver by Scottsdale
    or the Company of any of their respective rights or privileges under this Agreement.
	 	 
	18.	Severability. If any provision
    herein is or should become inconsistent with any present or future law, rule or regulation of any sovereign government or
    regulatory body having jurisdiction over the subject matter of this Agreement, such provision shall be deemed to be rescinded
    or modified in accordance with such law, rule or regulation, In all other respects, this Agreement shall continue to remain
    in full force and effect.
	 	 
	19.	Counterparts. This Agreement may
    be executed in two or more counterparts, each of which shall be deemed an original, and will become effective and binding
    upon the parties at such time as all of the signatories hereto have signed a counterpart of this Agreement. All counterparts
    so executed shall constitute one Agreement binding on all of the parties hereto, notwithstanding that all of the parties are
    not signatory to the same counterpart. Each of the parties hereto shall sign a sufficient number of counterparts so that each
    party will receive a fully executed original of this Agreement.
	 	 
	20.	Entire Agreement. This Agreement
    (together with Exhibit A and B hereto) constitutes the entire agreement between the Company and Scottsdale. No other agreements,
    covenants, representations or warranties, express or implied, oral or written, have been made by any party hereto to any other
    party concerning the subject matter hereof. All prior and contemporaneous conversations, negotiations, possible and alleged
    agreements, representations, covenants and warranties concerning the subject matter hereof are merged herein and shall be
    of no further force or effect.

 

Scottsdale
Capital Advisors Corp (“Scottsdale”)

 

	 	By:	/s/ HENRY DIEKMANN	 
	 	Name:	HENRY DIEKMANN	 
	 	Title:
    	PRESIDENT	 

  

Drone
USA, Inc. (the “Company”)

 

	 	By:	/s/ Michael Bannon	 
	 	Name:	Michael Bannon	 
	 	Title:
    	CEO	 

 

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EXHIBIT
A 

Indemnification

 

The Company agrees that it shall indemnify
and hold harmless, Scottsdale, its shareholders, members, directors, officers, employees, agents, affiliates and controlling persons
within the meaning of Section 20 of the Securities Exchange Act of 1934 and Section 15 of the Securities Act of 1933, each as
amended (any and all of whom are referred to as an “Indemnified Party”), from and against any and all losses, claims,
damages, liabilities, or expenses, and all actions in respect thereof (including, but not limited to, all legal or other expenses
reasonably incurred by an Indemnified Party in connection with the investigation, preparation, defense or settlement of any claim,
action or proceeding, whether or not resulting in any liability), incurred by an Indemnified Party with respect to, caused by,
or otherwise arising out of any transaction contemplated by this Agreement or Scottsdale’s performing the services contemplated
hereunder; provided, however, the Company will not be liable to the extent, and only to the extent, that any loss, claim, damage,
liability or expense is finally judicially determined to have resulted primarily from Scottsdale’s breach of this Agreement, gross
negligence or bad faith in performing those services to be provided under this Agreement.

 

If the indemnification provided for
herein is conclusively determined (by an entry of final judgment by a court of competent jurisdiction and the expiration of the
time or denial of the right to appeal) to be unavailable or insufficient to hold any Indemnified Party harmless in respect to
any losses, claims, damages, liabilities or expenses referred to herein, then the Company shall contribute to the amounts paid
or payable by such Indemnified Party in such proportion as is appropriate and equitable under all circumstances taking into account
the relative benefits received by the Company on the one hand and Scottsdale on the other, from the transaction or proposed transaction
under the Agreement or, if allocation on that basis is not permitted under applicable law, in such proportion as is appropriate
to reflect not only the relative benefits received by the Company on the one hand and Scottsdale on the other, but also the relative
fault of the Company and Scottsdale; provided, however, in no event shall the aggregate contribution of Scottsdale and/or any
Indemnified Party be in excess of the net compensation actually received by Scottsdale and/or such Indemnified Party pursuant
to this Agreement.

 

The
Company shall not settle or compromise or consent to the entry of any judgment in or otherwise seek to terminate any pending or
threatened action, claim, suit or proceeding in which any Indemnified Party is or could be a party and as to which indemnification
or contribution could have been sought by such Indemnified Party hereunder (whether or not such Indemnified Party is a party thereto),
unless such consent or termination includes an express unconditional release of such Indemnified Party, reasonably satisfactory
in form and substance to such Indemnified Party, from all losses, claims, damages, liabilities or expenses arising out of such
action, claim, suit or proceeding.

 

In
the event any Indemnified Party shall incur any expenses covered by this Exhibit A, the Company shall reimburse the
Indemnified Party for such covered expenses within ten (10) business days of the Indemnified Party’s delivery to
the Company of an invoice therefore, with receipts attached. Such obligation of the Company to so advance funds may be
conditioned upon the Company’s receipt of a written undertaking from the Indemnified Party to repay such amounts within
ten (10) business days after a final, non-appealable judicial determination that such Indemnified Party was not entitled to
indemnification hereunder.

 

The foregoing indemnification and
contribution provisions are not in lieu of, but in addition to, any rights which any Indemnified Party may have at common law
hereunder or otherwise, and shall remain in full force and effect following the expiration or termination of Scottsdale’s engagement
and shall be binding on any successors or assigns of the Company and successors or assigns to all or substantially all of the
Company’s business or assets.

 

 

	(SCA 2/16/18)	Page 7
    of 7Exhibit 10.12

 

LOAN AGREEMENT

 

This LOAN AGREEMENT dated as of March 27,
2018 (the “Agreement”), is executed by and between by and between RU 6877-6971 West Frye Road Chandler AZ, LLC,
a California limited liability company (the “Borrower”), and Alliant Credit Union, an Illinois state chartered
credit union, its successors and assigns (the “Lender”).

 

RECITALS:

 

A.           Borrower
owns the property described in Exhibit “A” attached hereto (the “Land”)

 

B.           The
Land is improved with an approximately 162,714 square feet industrial building (the “Improvements”) and any and all
improvements not on the Land which are required to be in place to make use of the Improvements (the “Offsite Improvements”;
the Improvements and the Offsite Improvements being collectively referred to herein as the “Property”).

 

B. Borrower has applied to Lender for the
Loan (as hereinafter defined) for the purpose of refinancing the Property, and Lender is willing to make the Loan upon the terms
and conditions hereinafter set forth.

 

NOW, THEREFORE, in consideration of the
mutual representations, warranties, covenants and agreements herein contained, the sufficiency of which is hereby acknowledged,
the parties hereto represent and agree as follows:

 

AGREEMENTS:

 

ARTICLE 1

 

INCORPORATION AND DEFINITIONS

 

1.1.         Incorporation and Definitions.
The foregoing recitals and all exhibits hereto are hereby made a part of this Agreement. The capitalized terms set forth below
shall have the following meanings as used in this Agreement:

 

Borrower: RU 6877-6971 West Frye Road Chandler AZ, LLC,
a California limited liability company.

 

Business Day: Any day other than a Saturday, Sunday or
a legal holiday on which banks are authorized or required to be closed for the conduct of commercial banking business in Chicago,
Illinois.

 

Deed of Trust: As defined in Section 4 hereof. Default
Rate: As defined in the Note.

 

Environmental Indemnity: As defined in Section 4 hereof.

 

    	1

     

    

 

Environmental Laws: As defined in the Environmental Indemnity.

 

Event of Default: One or more of the events or occurrences
referred to in Article 11 of this Agreement.

 

Guarantor: RW Holdings NNN REIT, Inc., a Maryland corporation

 

Hazardous Materials: As defined in the Environmental
Indemnity.

 

Improvements: As defined in the Recitals to this Agreement.

 

Interest Rate: As defined in the Note.

 

Land: That certain parcel or parcels of real estate legally
described in Exhibit “A” to this Agreement, together with all improvements presently located thereon and all
easements and other rights appurtenant thereto.

 

Lease(s): Any and all leases, licenses or agreements
for use of any part of the Premises.

 

Legal Requirements: As to any person or party, the Certificate
of Organization and Operating Agreement or other organizational or governing documents of such person or party, and any law, treaty,
rule or regulation or determination of an arbitrator or a court or other governmental authority, in each case applicable to or
binding upon such person or party or any of its property or to which such person or party or any of its property is subject.

 

Lender: Alliant Credit Union, an Illinois state chartered
credit union.

 

Loan: The loan to be made pursuant to this Agreement.

 

Loan Amount: Fourteen Million Five Hundred Seventy-Five
Thousand and no/100 Dollars ($14,575,000.00).

 

Loan Documents: This Agreement, the documents specified
in Article 4 hereof and any other instruments evidencing, securing or guarantying obligations of any party under the Loan.

 

Loan Expenses: As defined in Section 6.2(d) hereof.

 

Loan Opening: The disbursement of Loan Proceeds.

 

Loan Opening Date: March 27, 2018.

 

Loan Proceeds: All amounts advanced as part of the Loan,
whether advanced directly to Borrower or otherwise.

 

Loan Reserves: As defined in the Section 7 herein.

 

Maturity Date: March 27, 2028.

 

    	2

     

    

 

Note: As defined in Section 4 hereof.

 

Offsite Improvements: As defined in the Recitals to this
Agreement.

 

Permitted Exceptions: The title exceptions specified
in Exhibit “B” hereto.

 

Premises: The Land and the Property.

 

Property: As defined in the Recitals to this Agreement.

 

Reserves: As defined in Article 7 of this Agreement.

 

State: The state in which the Premises is located.

 

Title Insurance Company: First American Title Insurance
Company.

 

ARTICLE 2

 

REPRESENTATIONS AND WARRANTIES

 

2.1.         Representations
and Warranties. To induce Lender to execute and perform this Agreement, Borrower hereby represents, covenants and warrants
to Lender as follows:

 

(a)          At
the Loan Opening and at all times thereafter until the Loan is paid in full, Borrower will have fee simple title to the Land, subject
only to the Permitted Exceptions;

 

(b)          Borrower
is a limited liability company, duly organized, validly existing and in good standing under the laws of the State of California
and is qualified to conduct business in the State of Arizona. Borrower has full power and authority to conduct its business as
presently conducted, to own and manage the Property, to enter into this Agreement and to perform all of its duties and obligations
under this Agreement and under the Loan Documents; such execution and performance have been duly authorized by all necessary Legal
Requirements. Neither Borrower nor Guarantor has been convicted of a felony and there are no proceedings or investigations being
conducted involving criminal activities of either Borrower or Guarantor;

 

(c)          This
Agreement, the Note, the Deed of Trust, the other Loan Documents and any other documents and instruments required to be executed
and delivered by Borrower and/or Guarantor in connection with this Loan, when executed and delivered, will constitute the duly
authorized, valid and legally binding obligations of the party required to execute the same and will be enforceable strictly in
accordance with their respective terms (except to the extent that enforceability may be affected or limited by applicable bankruptcy,
insolvency and other similar debtor relief laws affecting the enforcement of creditors’ rights generally and to general equity
principles); no basis presently exists for any claim against Lender under this Agreement, under the Loan Documents or with respect
to the Loan; enforcement of this Agreement and the Loan Documents is subject to no defenses of any kind;

 

    	3

     

    

 

(d)          The
execution, delivery and performance of this Agreement, the Note, the Deed of Trust, the other Loan Documents and any other documents
or instruments to be executed and delivered by Borrower or Guarantor pursuant to this Agreement or in connection with this Loan
and the occupancy and use of the Property will not: (i) violate any Legal Requirements, or (ii) conflict with or result in any
breach or default of any of the terms, covenants, conditions or provisions of any indenture, mortgage, deed of trust, instrument,
document, agreement or contract of any kind to which Borrower or Guarantor is a party or by which any of them may be bound. Neither
Borrower nor Guarantor is in default (subject to grace or cure periods) under any contract or agreement to which it is a party,
the effect of which default will adversely affect the performance by Borrower or Guarantor of its obligations pursuant to and as
contemplated by the terms and provisions of this Agreement and/or the other Loan Documents;

 

(e)          To
the best of Borrower’s knowledge, no condition, circumstance, event, agreement, document, instrument, restriction, litigation
or proceeding (or threatened litigation or proceeding or basis therefor) exists which could (i) adversely affect the validity or
priority of the liens and security interests granted Lender under the Loan Documents;

(ii) materially adversely affect the ability of Borrower or
Guarantor to perform their obligations under the Loan Documents; or (iii) constitute an Event of Default under any of the Loan
Documents or an event which, with the giving of notice, passage of time, or both, would constitute such an Event of Default;

 

(f)           To
the best of Borrower’s knowledge, the Land and the present use and occupancy of the Land does not violate or conflict
with any applicable law, statute, ordinance, rule, regulation or order of any kind, including, without limitation,
Environmental Laws, zoning, building, land use, noise abatement, occupational health and safety or other laws, any building
permit or any condition, grant, easement, covenant, condition or restriction, whether recorded or not and if a third-party is
required under any covenants, conditions and restrictions of record or any other agreement to consent to the use and/or
operation of the Property, Borrower has obtained such approval from such party. In addition, and without limiting the
foregoing, the Borrower shall (a) take commercially reasonable steps to ensure that no person or entity owns a controlling
interest in or otherwise controls the Borrower is or shall be listed on the Specially Designated Nationals and Blocked Person
List or other similar lists maintained by the Office of Foreign Assets Control (“OFAC”), the Department of the
Treasury or included in any Executive Orders, (b) not use or
permit the use of any Loan Proceeds to violate any of the foreign asset control regulations of OFAC or any enabling
statute or Executive Order relating thereto, and (c) comply with all applicable Bank Secrecy Act (“BSA”) laws and
regulations, as amended;

 

(g)          Except
as described in the Reports (as defined in the Environmental Indemnity), to the best of Borrower’s knowledge (i) the Land
has never been used, and the Premises will not be used, for any activities which, directly or indirectly, involve the use, generation,
treatment, storage, transportation or disposal of any Hazardous Materials in violation of any Environmental Laws, (ii) no Hazardous
Materials exist now, and no Hazardous Materials will hereafter exist on the Premises in violation of any Environmental Laws or
under the Premises or in any surface waters or groundwaters on or under the Premises, and (iii) the Premises and its existing uses
have at all times complied with and will comply with all Environmental Laws, and Borrower has not violated, and will not
violate, any Environmental Laws;

 

    	4

     

    

 

(h)          To
the best of Borrower’s knowledge that there are no facilities on the Premises which are subject to reporting under any
State laws or Section 312 of the Federal Emergency Planning and Community Right-to-Know Act of 1986 (42 U.S.C. Section
11022), and federal regulations promulgated thereunder. To Borrower’s knowledge, the Premises do not contain any
underground storage tanks;

 

(i)          All
financial statements submitted by Borrower or Guarantor to Lender in connection with this Loan are true and correct in all material
respects, have been prepared in accordance with generally accepted accounting principles consistently applied, and fairly present
the respective financial conditions and results of operations of the entities which are their subjects;

 

(j)          This
Agreement and all financial statements, budgets, schedules, opinions, certificates, confirmations, contractor’s statements,
applications, rent rolls, affidavits, agreements, and other materials submitted to Lender in connection with or in furtherance
of this Agreement by or on behalf of Borrower or Guarantor fully and fairly state the matters with which they purport to deal,
and neither misstate any material fact nor, separately or in the aggregate, fail to state any material fact necessary to make the
statements made not misleading;

 

(k)          All
utility and municipal services required for the occupancy and operation of the Premises, including, but not limited to, water supply,
storm and sanitary sewage disposal systems, cable services, gas, electric and telephone facilities are available for use at the
Land;

 

(l)          To
the best of Borrower’s knowledge, all governmental permits and licenses required by applicable law to occupy and operate
the Premises and the Property have been validly issued and are in full force;

 

(m)          Borrower
has received no written notice that the storm and sanitary sewage disposal system, water system, drainage system and all mechanical
systems of the Premises do not comply with all applicable laws, statutes, ordinances, rules and regulations, including, without
limitation, all Environmental Laws;

 

(n)          To
the best of Borrower’s knowledge, all utility, parking, access (including curb-cuts and highway access), construction, recreational
and other permits and easements required for the use of the Premises have been issued; and

 

(o)          Based
solely on Borrower’s title policy issued by the Title Company, the Property does not encroach upon any building line, set
back line, sideyard line, or any recorded or visible easement (or other easement of which Borrower is aware or has reason to believe
may exist) which exists with respect to the Premises.

 

2.2.         Continuation
of Representations and Warranties. The Borrower hereby covenants, warrants and agrees that the representations and warranties
made in Section 2.1 hereof shall be and shall remain true and correct at the time of the Loan Opening and at all times
thereafter so long as any part of the Loan shall remain outstanding.

 

    	5

     

    

 

ARTICLE 3

 

THE LOAN

 

3.1.         Agreement
to Borrow and Lend. Borrower agrees to borrow from Lender, and Lender agrees to lend to Borrower an amount not to exceed the
Loan Amount on the terms of and subject to the conditions of this Agreement.

 

3.2.         Interest.
Interest on funds advanced hereunder shall:

 

(a)          from
the Loan Opening until the Maturity Date, accrue at the applicable Interest Rate;

 

(b)          be
computed upon advances of the Loan from and including the date of each advance by Lender to or for the account of Borrower (whether
to an escrow or otherwise), on the basis of a three hundred sixty (360)-day year and the actual number of days elapsed in any portion
of a month in which interest is due; and

 

(c)          be
paid by Borrower to Lender (unless deducted from the Loan Reserve) together with principal payments, if any, in the manner set
forth in the Note.

 

3.3.         Maturity
Date. Prior to the Maturity Date, principal payments, if any, shall be made as provided in the Note. The entire principal
balance of the Note and all accrued and unpaid interest thereon shall be due, if not sooner paid, on the Maturity Date.

 

ARTICLE 4

 

LOAN DOCUMENTS

 

4.1.         Loan
Documents. As a condition precedent to the Loan Opening, Borrower agrees that it will deliver the following Loan Documents
to Lender prior to the Loan Opening, all of which must be satisfactory to Lender and Lender’s counsel in form, substance
and execution:

 

(a)          Promissory
Note. A promissory note dated the date hereof (the “Note”), executed by Borrower and made payable to the order
of Lender, in the Loan Amount.

 

(b)          Deed
of Trust. A Deed of Trust, Security Agreement, Assignment of Rents and Leases and Fixture Filing dated as of even date herewith
(the “Deed of Trust”), duly executed by Borrower for the benefit of Lender, conveying Borrower’s fee simple
interest to the Land to the trustee thereunder and granting a first lien on the fee simple interest in the Land to secure the
Note, the Loan and all obligations of Borrower in connection therewith.

 

(c)          Financing
Statements. Uniform Commercial Code Financing Statements as required by Lender to perfect all security interests granted to
Lender.

 

    	6

     

    

 

(d)          Guaranty.
A Guaranty of even date herewith (the “Guaranty”) executed by Guarantor to and for the benefit of Lender, guaranteeing
to Lender the payment of all amounts due in connection with the Loan.

 

(e)          Environmental
Indemnity. An Environmental Indemnity Agreement of even date herewith (the “Environmental Indemnity”), jointly
and severally executed by Borrower and Guarantor to and for the benefit of Lender, indemnifying Lender for all risks, liabilities,
costs and expenses which may be incurred as a result of environmental matters at the Premises.

 

(f)          Other
Loan Documents. Such other documents and instruments as further security for the Loan as Lender may reasonably require.

 

ARTICLE 5

 

CONDITIONS TO LOAN OPENING

 

5.1.          Conditions
to Loan Opening. As a condition precedent to the Loan Opening, Borrower shall furnish the following to Lender prior to the
Loan Opening or at such time as is set forth below, all of which must be strictly satisfactory to Lender and Lender’s counsel
in form, content and execution:

 

(a)          Title
Insurance Policy. At the Loan Opening, an ALTA Loan Policy-2006 issued on the date of the Loan Opening by the Title Insurance
Company to Lender in the full amount of the Loan, insuring the Deed of Trust to be a valid first, prior and paramount lien upon
the fee title to the Premises subject only to the Permitted Exceptions (the “Title Insurance Policy”) with such endorsements
as Lender may require.

 

(b)          Survey.
A plat of survey (the “Survey”) of the Land made by a land surveyor licensed in the State, which Survey must be satisfactory
to the Lender, showing:

 

(i)          the
location of all foundations, driveways, parking areas, number of parking spaces, fences and other improvements on the Land including
the Property;

 

(ii)         the
location (and recording numbers, to the extent recorded) of all visible or recorded easements (including appurtenant easements),
water courses, drains, sewers, public and private roads (including the names and widths thereof and recording numbers for the dedications
thereof), other rights of way, and curb cuts, if any, within, adjacent to or serving the Premises or to which the Premises are
subject, and the proposed location of any such easements to be granted; that the same are unobstructed; and that all portions of
the Property will have direct access to dedicated public roads;

 

(iii)        the
location of the servient estate of any easements, if the Land is the dominant estate thereunder;

 

(iv)        the
common street address of the Premises and the dimensions, boundaries and acreage or square footage of the Land;

 

    	7

     

    

 

(v)         that
all improvements on the Land, are placed within the lot and building lines and in compliance with all deed restrictions, recorded
plats, other restrictions of record and ordinances relating to the location thereof (and, to the extent that any deed restrictions,
recorded plats, other restrictions of record or ordinances require any structure to be set back specified distances from any line,
showing said line and the measured distance of said structure, or the proposed location of said structure, from said line);

 

(vi)        that
there are no encroachments onto the Land from improvements located on adjoining property;

 

(vii)       the
location and course of all utility lines;

 

(viii)      if
the Premises comprise more than one parcel, interior lines and other data sufficient to insure contiguity; and

 

(ix)         such
additional information which may be required by Lender or the Title Insurance Company.

 

The Survey shall be made in accordance with (i) the 2016
Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys, jointly established and adopted by ALTA and NSPS including
items 1, 2, 3, 4, 6(a), 6(b), 7(a), 8, 9, 10, 11, 13, 16 and 19 of Table A thereof and (ii) the laws of the State. To the extent
that there is any conflict or inconsistency among the Survey standards described above, the more restrictive standard shall apply.
The Survey shall be dated not later than sixty (60) days prior to the Loan Opening, and shall bear a proper certificate by the
surveyor, which certificate shall recite compliance with the laws and standards enumerated above, shall include the legal description
of the Premises and shall run in favor of Borrower, Lender and the Title Insurance Company.

 

(c)          Insurance
Policies. Borrower shall, during the term of this Agreement, procure at its expense or cause to be procured and keep in force
the insurance coverages required under the Deed of Trust. In addition, all insurance shall be in form, content and amounts approved
by Lender and written by an insurance company or companies licensed to do business in the state in which the Premises are located
and domiciled in the United States or a governmental agency or instrumentality approved by Lender. The policies for such insurance
shall have attached thereto standard mortgagee clauses in favor of and permitting Lender to collect any and all proceeds payable
thereunder and shall include a thirty (30) day (except for nonpayment of premium, in which case, a ten (10) day) notice of cancellation
clause in favor of Lender. All policies or certificates of insurance shall be delivered to and held by Lender as further security
for the payment of the Note and any other obligations arising under the Loan Documents, with evidence of renewal coverage delivered
to Lender at least thirty (30) days before the expiration date of any policy.

 

(d)          Utilities;
Licenses; Permits. Evidence satisfactory to Lender that:

 

(i)          all
utility and municipal services required for the occupancy and operation of the Premises are available for use at the Premises;
and

 

    	8

     

    

 

(ii)         the
storm and sanitary sewage disposal system, the water system and all mechanical systems serving the Premises comply with all applicable
laws, ordinances, rules and regulations, including Environmental Laws and the applicable environmental protection agency, pollution
control board and/or other governmental agencies having jurisdiction of the Premises.

 

(e)          Environmental
Report. A written report (the “Environmental Report”) prepared at Borrower’s sole cost and expense by an
independent professional environmental consultant approved by Lender in its sole and absolute discretion. The Environmental Report
shall be subject to Lender’s approval in its sole and absolute discretion. If the Environmental Report reveals contamination
or conditions warranting further investigation in order to establish baseline data, Lender may require, in its sole and absolute
discretion, a written report (also referred to herein as the “Environmental Report”) based on additional testing and
investigation in order to define the source and extent of the contamination or to establish baseline data. Any additional Environmental
Report prepared pursuant to this requirement shall be subject to Lender’s approval, in its sole and absolute discretion.

 

(f)           Appraisal.
An appraisal satisfactory and addressed to Lender prepared by a certified or licensed appraiser who is approved by Lender. The
appraisal must show an appraised value of the Premises satisfactory to Lender.

 

(g)          Documents
of Record. Copies of all covenants, conditions, restrictions, easements and matters of record which affect the Premises.

 

(h)          Searches.
A report from the Title Insurance Company or the appropriate filing officers of the state and county in which the Land is located,
indicating that no judgments, tax or other liens, security interests, leases of personalty, financing statements or other encumbrances
(other than Permitted Exceptions and liens and security interests in favor of Lender) are of record or on file encumbering any
portion of the Land, and that there are no judgments, tax liens, pending litigation or bankruptcy actions outstanding with respect
to Borrower and the Guarantor.

 

(i)           Borrower’s
Attorney’s Opinion. An opinion of Borrower’s counsel addressing such issues as Lender may request, including due
formation, authorization and enforceability of the Loan Documents, all in form and substance reasonably satisfactory to Lender:

 

(j)           Organizational
Documents. A copy of the operating agreement creating Borrower certified by the manager or the controlling member of such
entity as being a true and correct copy and as otherwise unmodified and in full force and effect, together with a current Certificate
of Good Standing for Borrower from the state of incorporation and the State, a certified copy of the Articles of Organization,
including all amendments thereto, for Borrower, a certificate from the manager or controlling member providing that no certificate
of dissolution has been filed, a notarized incumbency certificate showing specimen signatures for all of the members of
Borrower executing any Loan Documents and, if necessary, certified copies of resolutions from the members authorizing execution
and delivery of the Loan Documents.

 

    	9

     

    

 

(k)          Real
Estate Taxes. Copies of the most recent real estate tax bills for the Land and evidence satisfactory to Lender that the Land
is separately assessed for real estate taxing purposes.

 

(l)           Broker.
Evidence satisfactory to Lender that all brokers’ commissions or fees due with respect to the Loan or the Property have
been paid in full in cash.

 

(m)         Additional
Documents. Such other papers and documents regarding Borrower or the Property as Lender may require.

 

5.2.         Termination
of Agreement. Borrower agrees that all conditions precedent to the Loan Opening will be complied with on or prior to the Loan
Opening Date. If all of the conditions precedent to the Loan Opening hereunder shall not have been performed on or before the
Loan Opening Date, Lender, at its option at any time thereafter and prior to the Loan Opening, may terminate this Agreement and
all of its obligations hereunder by giving a written notice of termination to Borrower. In the event of such termination, Borrower
shall pay all Loan Expenses which have accrued or been charged as of the Loan Opening Date.

 

ARTICLE 6

 

DISBURSEMENTS

 

6.1.         Conditions
Precedent to Disbursement of Loan Proceeds. No disbursement of Loan Proceeds shall be made by Lender to Borrower at any time
unless:

 

(a)          all
conditions precedent to that disbursement have been satisfied, including, without limitation, performance of all of the then pending
obligations of Borrower under this Agreement and the Loan Documents;

 

(b)          no
Event of Default then exists under this Agreement or under any Loan Document, and no event, circumstance or condition has occurred
or exists which, with the passage of time or the giving of notice, would constitute an Event of Default under this Agreement or
under the Loan Documents;

 

(c)          no
litigation or proceedings are pending or threatened (including proceedings under Title 11 of the United States Code) against Borrower,
or Guarantor, the Property, which litigation or proceedings, in the sole and exclusive judgment of Lender, is material; and

 

(d)          all
representations and warranties made by Borrower to Lender herein and otherwise in connection with this Loan continue to be accurate.

 

6.2.         Loan
Disbursement. Subject to the satisfaction of the terms and conditions herein contained, the Loan Proceeds shall be disbursed
as follows:

 

    	10

     

    

 

(a)          The
Loan Opening shall be made at such time as all of the conditions and requirements of this Agreement required to be performed by
Borrower or other parties prior to the Loan Opening have been satisfied or performed. At the Loan Opening, Lender shall disburse
funds necessary to pay any Loan Expenses then due.

 

(b)          If
any disbursement of Loan Proceeds is made by Lender into a third party escrow, those Loan Proceeds shall be considered to be disbursed
to Borrower from the date of deposit into that escrow, and interest shall accrue on those Loan Proceeds from that date.

 

(c)          Borrower
hereby requests and authorizes Lender to make advances directly to itself for payment and reimbursement of all interest, charges,
costs and expenses incurred by Lender in connection with the Loan, including, but not limited to, (i) interest due on the Loan
and any points, loan fees, service charges, commitment fees or other fees due to Lender in connection with the Loan; (ii) all title
examination, survey, escrow, filing, search, recording and registration fees and charges; (iii) all documentary stamp and other
taxes and charges imposed by law on the issuance or recording of any of the Loan Documents; (iv) all appraisal fees; (v) all title,
casualty, liability, payment, performance or other insurance or bond premiums; (vi) all reasonable fees and disbursements of legal
counsel engaged by Lender in connection with the Loan; and (vii) any amounts required to be paid by Borrower under this Agreement,
the Deed of Trust or any Loan Document after the occurrence of an Event of Default (all of which are herein referred to as the
“Loan Expenses”).

 

6.3.         Expenses
and Advances Secured by Deed of Trust. Any and all advances or payments made by Lender hereunder, from time to time, and any
amounts expended by Lender pursuant to this Agreement, together with attorneys’ fees, if any, and all other Loan Expenses,
as and when advanced or incurred, shall be deemed to have been disbursed as part of the Loan and be and become secured and guaranteed
by the Loan Documents to the same extent and effect as if the terms and provisions of this Agreement were set forth therein, whether
or not the aggregate of such indebtedness shall exceed the face amount of the Note.

 

6.4.         Acquiescence
not a Waiver. To the extent that Lender may have acquiesced (whether intentionally or unintentionally) in the Borrower’s
failure to comply with and satisfy any condition precedent to the Loan Opening, such acquiescence shall not constitute a waiver
by Lender of any condition precedent set forth in this Agreement, and Lender at any time thereafter may require the Borrower to
comply with and satisfy all conditions and requirements of this Agreement.

 

ARTICLE 7

 

RESERVES

 

7.1.          Setting
Up and Adjusting Reserves. At the Loan Opening, Lender may pay from the proceeds of the Loan all Loan Expenses, to the extent
the same have not been previously paid. Upon the occurrence of an Event of Default, Lender may also designate reasonable reserves
(the “Reserves”) and thereafter from time to time in its reasonable discretion may adjust the amount of such Reserves
as circumstances may require for any or all of the following purposes to cover the actual or estimated amounts required
for such purposes until the Maturity Date of the Loan:

 

    	11

     

    

 

(a)          An
amount, as estimated by Lender, for real estate taxes which will accrue prior to the Maturity Date, and for tax deposits, if any,
required by the Deed of Trust; and

 

(b)          An
amount, as estimated by Lender, for premiums on insurance policies required to be furnished by Borrower hereunder, payable prior
to the Maturity Date, and;

 

(c)          Funds
to pay any license fees, mortgage or lease guaranty insurance premiums, permits and other charges and fees; and

 

(d)          Funds
for any capital improvements or replacements or maintenance at the Property.

 

7.2.         Disbursement
of Reserves. Provided that no Event of Default hereunder has occurred, (ii) no event or circumstance has occurred which, with
the passage of time, the giving of notice, or both, could constitute an Event of Default, Lender may, and at the request of Borrower
shall, disburse the Reserves for the respective purposes for which they have been set aside, either by payment of items for which
the Reserves have been set aside, or by reimbursement to Borrower for payments so made by Borrower.

 

7.3.         Interest
on Reserves. The Loan is deemed disbursed in its entirety at the Loan Opening whether disbursed to Borrower or to any reserve
account and shall accrue interest at the Interest Rate. Payments by Lender into an escrow or title indemnity or otherwise for
the benefit of Borrower or to satisfy any requirements of the Title Insurance Company shall likewise be deemed a disbursement.

 

7.4.         Application
of Reserves in Case of Event of Default. In case of Event of Default, Lender may use and apply Reserves or any monies deposited
by Borrower with Lender, regardless of the purpose for which deposited, to cure such Event of Default or to apply as a prepayment
of the Loan.

 

ARTICLE 8

 

FURTHER AGREEMENTS OF BORROWER

 

8.1.         Furnishing
Information. Borrower will:

 

(a)          promptly
supply, or cause to be supplied to, Lender with such information concerning its assets, liabilities and affairs, and the assets,
liabilities and affairs of Guarantor, as Lender may reasonably request from time to time hereafter; which in the case of, and of
behalf of, Borrower shall include a profit and loss statement for the Property, and without necessity of any request by Lender,
as soon as available and in no event later than one hundred twenty (120) days after the close of each fiscal year, financial statements
of Guarantor consisting of a balance sheet and statement of income and expense prepared in accordance with generally accepted accounting
principles and certified by an officer of Guarantor as being true and correct; and true, complete and correct copies of Guarantor’s
filed federal tax returns, including all schedules, within thirty (30) days of filing.

 

    	12

     

    

 

(b)          Provide
to Lender not later than thirty (30) days after December 31 of each year a rent roll or occupancy statement for the Property in
form and substance satisfactory to Lender.

 

(c)          Provide
to Lender not later than ten (10) days after Borrower receives tenant’s annual audited financial statements which are required
from tenant not later than forty-five (45) days after tenant’s fiscal year end time period, and semi-annual unaudited financial
statements each as required pursuant to Section 14.21 of the Lease.

 

(d)          Provide
to Lender not later than ten (10) days after Borrower receives the lease guarantor’s annual financial statements and annual
tax returns which are required from lease guarantor not later than February 15 of each year pursuant to Section 14.21 of the Lease.

 

(e)          Provide
to Lender not later than thirty (30) days after December 31 of each year an annual account statement of Borrower’s operating
account for the Premises.

 

(f)          promptly
notify Lender of any condition or event which constitutes (or which, with the giving of notice or lapse of time, or both, would
constitute) an Event of Default, and of any material adverse change in the financial condition of Borrower or Guarantor;

 

(g)          maintain
a standard and modern system of accounting in accordance with generally accepted accounting principles;

 

(h)          permit
Lender, its agents or representatives to have access to and to examine all books and records regarding the Premises at any time
or times hereafter during business hours; and

 

(i)          permit
Lender to copy and make abstracts from any and all of said books and records.

 

8.2.         Debt
Service Coverage Ratio. Borrower shall maintain at all times during the term of the Loan a Debt Service Coverage Ratio not
less than 1.50 to 1.0 to be tested on an annual basis commencing on December 31, 2018. Debt Service Coverage Ratio is calculated
as follows: (i) net income (determined in accordance with sound business accounting principles and eliminating the effect of any
extraordinary items) plus the aggregate amounts deducted in determining such net income in respect of a (A) interest expense,
(B) income taxes, (C) depreciation and amortization expenses and (D) other non-cash expenses deducted in computing net income
minus net capital expenditures during such period divided by (ii) the sum during such period of (A) scheduled payments of principal
and interest required under the Loan and (B) scheduled payments of principal and interest on any other indebtedness.

 

8.3.         Compliance
with Covenants; Prohibition Against Additional Recordings. Borrower will comply with all recorded or other covenants affecting
the Premises. Borrower will not record or permit to be recorded any document, instrument, agreement or other writing against the
Land or Improvements without the prior written consent of Lender, which shall not be unreasonably withheld, conditioned or delayed.
Borrower acknowledges and agrees that Lender has the right to protect its interests and may order such title and lien searches
as Lender deems necessary but in no event more than once annually at Borrower’s expense.

 

    	13

     

    

 

8.4.         Accounts.
Borrower shall maintain a share account with Lender, which share account shall be subject to Lender’s security interest
and shall not bear interest unless required by applicable law.

 

8.5.         Distributions.
Borrower shall not make any distributions to its members, partners or shareholders, outside the ordinary course of Borrower’s
business (including without limitation, statutorily required distributions to be distributed to the shareholders of Guarantor),
as the case may be, of any revenue received by or on behalf of Borrower from the operation and ownership of the Property, unless
or until the Loan and all interest accrued thereon and other amounts due and owing to Lender under the Loan Documents have been
repaid in full.

 

8.6.         Further
Assurance. Borrower, on request of Lender, from time to time, will execute and deliver such documents as may be necessary
to perfect and maintain perfected as valid liens upon the Premises and the personal property located thereon the liens granted
to Lender pursuant to this Agreement or any of the other Loan Documents, and to fully consummate the transactions contemplated
by this Agreement.

 

ARTICLE 9

 

CASUALTIES AND CONDEMNATION

 

9.1.         Application of Insurance Proceeds
and Condemnation Awards. The proceeds of any insurance policies collected or claims as a result of any loss or damage to any
portion of the Property resulting from fire, vandalism, malicious mischief or any other casualty or physical harm and any awards,
judgments or claims resulting from the exercise of the power of condemnation or eminent domain shall be applied to reduce the outstanding
balance of the Loan or to rebuild and restore the Property, as provided in the Deed of Trust. Borrower shall not settle and adjust
any claims under policies of insurance without Lender’s prior written consent, except as provided in the Deed of Trust.

 

ARTICLE 10

 

ASSIGNMENTS, SALE AND ENCUMBRANCES

 

10.1.       Lender’s
Right to Assign. Lender may assign, negotiate, pledge or otherwise hypothecate this Agreement or any of its rights and security
hereunder, including the Note, Deed of Trust, and other Loan Documents to any bank, participant, financial institution, or any
other person or entity and in case of such assignment, Borrower will accord full recognition thereto and agree that all rights
and remedies of Lender in connection with the interest so assigned shall be enforceable against Borrower by such bank, participant,
financial institution or any other person or entity with the same force and effect and to the same extent as the same would have
been enforceable by Lender but for such assignment.

 

10.2.       Prohibition
of Assignments and Encumbrances by Borrower. Except as expressly provided in the Deed of Trust, Borrower, without the prior
written consent of Lender, shall not create, effect, consent to, attempt, contract for, agree to make, suffer or permit any Prohibited
Transfer (as defined in the Deed of Trust). Notwithstanding the foregoing to the contrary, an assumption of the Loan may
be permitted on the condition that the replacement borrower and guarantor are subject in all respects to Lender’s approval
in Lender’s sole and absolute discretion.

 

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ARTICLE 11

 

EVENTS OF DEFAULT BY BORROWER

 

11.1.       Event
of Default Defined. The occurrence of any one or more of the following shall constitute an “Event of Default”
as said term is used herein, and any Event of Default which may occur hereunder shall constitute an Event of Default under each
of the other Loan Documents:

 

(a)          Borrower
fails to pay (i) any installment of principal or interest payable pursuant to the Note within ten (10) days after the date notice
is received that such payment is due, or (ii) any other amount payable to Lender under the Note, this Agreement or any of the other
Loan Documents within ten (10) days after the date when any such payment is due in accordance with the terms hereof or thereof;

 

(b)          Borrower
fails to perform or cause to be performed any other obligation or observe any other condition, covenant, term, agreement or provision
required to be performed or observed by Borrower under this Agreement not otherwise described in Sections 11.1(a), or (c) through
(q); provided, however, that if this Agreement does not provide for a specific grace, notice or cure period, and further provided
that if such failure by its nature can be cured, then so long as the continued operation and safety and the value of the Premises
are not impaired, threatened or jeopardized, Borrower shall have a period (the “Cure Period”) of thirty (30)
days after Borrower obtains actual knowledge of such failure or receives written notice of such failure to cure the same and an
Event of Default shall not be deemed to exist during the Cure Period, which Cure Period shall, be extended up to an additional
sixty (60) days provided that Borrower commences a cure within such initial thirty (30) day period and thereafter diligently and
continuously pursues such cure;

 

(c)          The
existence of any inaccuracy or untruth in any material respect in any representation or warranty contained in this Agreement or
any of the other Loan Documents or of any statement or certification as to facts delivered to Lender by Borrower or Guarantor;

 

(d)          The
occurrence of a Prohibited Transfer (as defined in the Deed of Trust);

 

(e)          The
existence of any collusion, fraud, dishonesty or bad faith by or with the acquiescence of Borrower or Guarantor which in any way
relates to or affects this Loan or the Property;

 

(f)           The
occurrence of a material adverse change in the financial condition of Guarantor, unless within the thirty (30) day period immediately
following such aggregate material change (i) Borrower provides Lender with a substitute guarantor whose creditworthiness and real
estate experience and skills are comparable to those of the original guarantor and who is otherwise acceptable to Lender in Lender’s
sole discretion, and (ii) such substitute guarantor executes a guaranty in favor of Lender in form and substance substantially
similar to the existing guaranty and otherwise satisfactory to Lender;

 

    	15

     

    

 

(g)          Borrower
or Guarantor (i) files a voluntary petition in bankruptcy or is adjudicated a bankrupt or insolvent or files any petition or answer
seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under the present
or any future federal, state, or other statute or law, or (ii) seeks or consents to or acquiesces in the appointment of any trustee,
receiver or similar officer of Borrower or of all or any substantial part of the property of Borrower or Guarantor or any of the
Premises; or all or a substantial part of the assets of Borrower or Guarantor are attached, seized, subjected to a writ or distress
warrant or are levied upon unless the same is released or located within sixty (60) days;

 

(h)          The
commencement of any involuntary petition in bankruptcy against Borrower or Guarantor or the institution against Borrower or Guarantor
of any reorganization, arrangement, composition, readjustment, dissolution, liquidation or similar proceedings under any present
or future federal, state or other statute or law, or the appointment of a receiver, trustee or similar officer for all or any substantial
part of the property of Borrower or Guarantor, which shall remain undismissed or undischarged for a period of sixty (60) days;

 

(i)           The
dissolution, termination or merger of Borrower or Guarantor unless within the sixty (60) day period immediately following such
death or declaration of legal incompetency (i) Borrower provides Lender with a substitute guarantor whose creditworthiness and
real estate experience and skills are comparable to those of the original guarantor and who is otherwise acceptable to Lender in
Lender’s sole discretion, and (ii) such substitute guarantor executes a guaranty in favor of Lender in form and substance
substantially similar to the existing guaranty and otherwise satisfactory to Lender; or

 

(j)            The
occurrence of an “Event of Default” under the Note or any of the other Loan Documents.

 

ARTICLE 12

 

LENDER’S REMEDIES UPON EVENT OF
DEFAULT

 

12.1.       Remedies
Conferred upon Lender. Upon the occurrence of any Event of Default, Lender, in addition to all remedies conferred upon Lender
by law and by the terms of the Note, the Deed of Trust and the other Loan Documents, may pursue any one or more of the following
remedies concurrently or successively, it being the intent hereof that none of such remedies shall be to the exclusion of any
others:

 

(a)          Take
possession of the Premises and do anything required, necessary or advisable in Lender’s reasonable judgment to fulfill the
obligations of Borrower hereunder. Without restricting the generality of the foregoing and for the purposes aforesaid, upon the
occurrence of an uncured Event of Default and during the continuance thereof, Borrower hereby appoints and constitutes Lender
as Borrower’s lawful attorney-in-fact with full power of substitution in the premises to perform the following actions:

 

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(i)          without
inquiring into and without respect to the validity thereof, to pay, settle or compromise all existing bills and claims which may
be liens, or to avoid such bills and claims becoming liens, against the Premises or any portion of the Premises or for the clearance
of title to the Premises;

 

(ii)         to
prosecute and defend actions or proceedings in connection with the Premises;

 

(iii)        to
take action and require such performance as Lender deems necessary or advisable under any of the bonds to be furnished hereunder
and to make settlements and compromises with the surety or sureties thereunder, and in connection therewith, to execute instruments
of release and satisfaction; and

 

(iv)        to
do any and every act which Borrower might do in its own behalf with respect to the Premises, it being understood and agreed that
this power of attorney shall be a power coupled with an interest and cannot be revoked;

 

(b)          Withhold
further disbursement of the proceeds of the Loan and terminate any of its obligations to Borrower;

 

(c)          Declare
the Note to be due and payable forthwith, without presentment, demand, protest or other notice of any kind, all of which Borrower
hereby expressly waives;

 

(d)          In
addition to any rights of setoff that Lender may have under applicable law, Lender, without notice of any kind to Borrower, may
appropriate and apply to the payment of the Note or of any sums due under this Agreement any and all balances, deposits, credits,
accounts, certificates of deposit, instruments or money of Borrower then or thereafter in the possession of Lender; and

 

(e)          Exercise
or pursue any other remedy or cause of action permitted at law or in equity or under this Agreement or any other Loan Document,
including, but not limited to, foreclosure of the Deed of Trust and enforcement of all Loan Documents.

 

12.2.       Right
of Lender to Make Advances to Cure Event of Defaults; Obligatory Advances. If Borrower shall fail to perform any of its covenants
or agreements herein or in any of the other Loan Documents contained, Lender may (but shall not be required to), subject to Section
11.1(b) hereof, perform any of such covenants and agreements, and any amounts expended by Lender in so doing, and any amounts
expended by Lender pursuant to Section 12.1 hereof and any amounts advanced by Lender pursuant to this Agreement shall be deemed
advanced by Lender under an obligation to do so regardless of the identity of the person or persons to whom said funds are disbursed.
Loan Proceeds advanced by Lender in the exercise of its judgment that the same are needed to complete the Property to protect
its security for the Loan are obligatory advances hereunder and shall constitute additional indebtedness payable on demand and
evidenced and secured by the Loan Documents.

 

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12.3.       Attorneys’
Fees. Borrower will pay Lender’s reasonable attorneys’ fees and costs in connection with the negotiation, preparation,
administration and enforcement of this Agreement; without limiting the generality of the foregoing, if at any time or times hereafter
Lender employs counsel for advice or other representation with respect to any matter concerning Borrower, this Agreement, the
Premises or the Loan Documents or to protect, collect, lease, sell, take possession of, or liquidate any of the Premises, or to
attempt to enforce or protect any security interest or lien or other right in any of the Premises or under any of the Loan Documents,
or to enforce any rights of Lender or obligations of Borrower or any other person, firm or corporation which may be obligated
to Lender by virtue of this Agreement or under any of the Loan Documents or any other agreement, instrument or document, heretofore
or hereafter delivered to Lender in furtherance hereof, then in any such event, all of the attorneys’ fees arising from
such services, and any expenses, costs and charges relating thereto (including reasonable attorneys’ fees and time charges
of attorneys who may be employees of Lender or any affiliate of Lender), shall constitute an additional indebtedness owing by
Borrower to Lender payable on demand and evidenced and secured by the Loan Documents.

 

12.4.       No
Waiver. No failure by Lender to exercise, or delay by Lender in exercising, any right, power or privilege hereunder shall
operate as a waiver thereof, nor shall any single or partial exercise of any right, power or privilege hereunder preclude any
other or further exercise thereof, or the exercise of any other right, power or privilege. The rights and remedies provided in
this Agreement and in the Loan Documents are cumulative and not exclusive of each other or of any right or remedy provided at
law or in equity. No notice to or demand on Borrower in any case, in itself, shall entitle Borrower to any other or further notice
or demand in similar or other circumstances or constitute a waiver of the rights of Lender to any other or further action in any
circumstances without notice or demand.

 

12.5.       Default
Rate. From and after the date of any Event of Default until the date on which such Event of Default is cured or waived, interest
on funds outstanding hereunder shall accrue at the Default Rate and be payable on demand. The failure of Lender to charge interest
at the Default Rate shall not be evidence of the absence of an Event of Default or waiver of an Event of Default by Lender.

 

ARTICLE 13

 

MISCELLANEOUS

 

13.1.       Time
is of the Essence. Borrower agrees that time is of the essence in all of their covenants under this Agreement.

 

13.2.       Lender’s
Determination of Facts. Lender at all times shall be free to establish independently to its satisfaction and in its sole and
absolute discretion the existence or nonexistence of any fact or facts, the existence or nonexistence of which is a condition
of this Agreement.

 

13.3.       Prior
Agreements. This Agreement and the other Loan Documents, and any other documents or instruments executed pursuant thereto
or contemplated thereby, shall represent the entire, integrated agreement between the parties hereto, and shall supersede all
prior negotiations, representations or agreements pertaining thereto, either oral or written. This Agreement and any provision
hereof shall not be modified, amended, waived or discharged in any manner other than by a written amendment executed by all parties
to this Agreement.

 

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13.4.       Disclaimer
by Lender. Lender shall not be liable for any debts or claims accruing in favor of any such parties against Borrower or against
the Premises. Borrower is not or shall not be an agent of Lender for any purposes, and Lender is not a venture partner with Borrower
in any manner whatsoever. Lender shall not be deemed to be in privity of contract with any provider of services on or to the Premises,
nor shall any payment of funds directly to a or provider of services be deemed to create any third party beneficiary status or
recognition of same by Lender unless and until Lender expressly assumes such status in writing. No other party shall be deemed
to be a third party beneficiary of this Agreement or any of the Loan Documents. Approvals granted by Lender for any matters covered
under this Agreement shall be narrowly construed to cover only the parties and facts identified in any written approval or, if
not in writing, such approvals shall be solely for the benefit of Borrower.

 

13.5.       Indemnification.
To the fullest extent permitted by law, Borrower hereby agrees to protect, indemnify, defend and save harmless, Lender and its
directors, officers, agents and employees from and against any and all liability, expense or damage of any kind or nature and
from any suits, claims or demands, including legal fees and expenses on account of any matter or thing or action or failure to
act by Lender, whether or not in litigation, arising out of this Agreement or in connection herewith unless such suit, claim or
damage is caused solely by any act, omission or willful malfeasance of Lender, its directors, officers, agents and authorized
employees. This indemnity is not intended to excuse Lender from performing hereunder. This obligation on the part of Borrower
shall survive the closing of the Loan, the repayment thereof and any cancellation of this Agreement. Borrower shall pay, and hold
Lender harmless from, any and all claims of any brokers, finders or agents claiming a right to any fees in connection with arranging
the financing contemplated hereby. Lender hereby represents that it has not employed a broker or other finder in connection with
the Loan. The Borrower covenants and agrees that all brokerage commissions or finder’s fees in connection with the Loan
shall be fully paid at the Loan Opening. Borrower represents and warrants that other than the brokerage commissions or finder’s
fees paid at closing, there are no other brokerage commissions or finder’s fees due or to be paid in connection with the
Loan.

 

13.6.       Captions.
The captions and headings of various Articles and Sections of this Agreement and exhibits pertaining hereto are for convenience
only and are not to be considered as defining or limiting in any way the scope or intent of the provisions hereof.

 

13.7.       Inconsistent
Terms and Partial Invalidity. In the event of any inconsistency among the terms hereof (including incorporated terms), or
between such terms and the terms of any other Loan Document, Lender may elect which terms shall govern and prevail. If any provision
of this Agreement, or any paragraph, sentence, clause, phrase or word, or the application thereof, in any circumstances, is adjudicated
by a court of competent jurisdiction to be invalid, the validity of the remainder of this Agreement shall be construed as if such
invalid part were never included herein.

 

13.8.       Gender
and Number. Any word herein which is expressed in the masculine or neuter gender shall be deemed to include the masculine,
feminine and neuter genders. Any word herein which is expressed in the singular or plural number shall be deemed, whenever
appropriate in the context, to include the singular and the plural.

 

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13.9.       Notices.
Any notices, communications and waivers under this Agreement shall be in writing and shall be (i) delivered in person, (ii) mailed,
postage prepaid, either by registered or certified mail, return receipt requested, or (iii) sent by overnight express carrier,
addressed in each case as follows:

 

	To the Lender:	Alliant Credit Union
	 	11545 W. Touhy Avenue
	 	Chicago, Illinois 60666
	 	Attn: Vice President – Member Business Lending
	 	Telephone: (773) 462-2000
	 	 
	With a copy to:	Latimer LeVay Fyock LLC
	 	55 W. Monroe Street
	 	Suite 1100
	 	Chicago, Illinois 60603
	 	Attn: Brian LeVay, Esq.
	 	Telephone: (312) 422-8000
	 	 
	To the Borrower:	RU 6877-6971 West Frye Road Chandler AZ, LLC
	 	3090 Bristol Street
	 	Suite 550
	 	Costa Mesa, California 92626
	 	Attn: Chief Financial Officer
	 	Telephone: (949) 662-1097
	 	 
	With a copy to:	Daniel K. Winton, Esq.
	 	4685 Macarthur Court
	 	#450
	 	Newport Beach, California 92660
	 	Telephone: (949) 252-0516

 

or to any other address as to any of the parties hereto, as
such party shall designate in a written notice to the other party hereto. All notices sent pursuant to the terms of this Section
shall be deemed received (i) if personally delivered, then on the date of delivery, (ii) if sent by overnight, express carrier,
then on the next Business Day immediately following the day sent, or (iii) if sent by registered or certified mail, then on the
earlier of the third Business Day following the day sent or when actually received.

 

13.10.     Effect
of Agreement. The submission of this Agreement and the Loan Documents to Borrower for examination does not constitute a commitment
or an offer by Lender to make a commitment to lend money to Borrower; this Agreement shall become effective only upon execution
and delivery hereof by Lender to Borrower.

 

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13.11.     Governing
Law. This Agreement has been negotiated, executed and delivered at Chicago, Illinois, and shall be construed and enforced
in accordance with the laws of the State of Illinois, without reference to its choice of law or conflicts of law principles.

 

13.12.     Consent
to Jurisdiction. TO INDUCE LENDER TO ACCEPT THE NOTE, BORROWER IRREVOCABLY AGREES THAT, SUBJECT TO LENDER'S SOLE AND ABSOLUTE
ELECTION, ANY ACTIONS OR PROCEEDINGS ARISING OUT OF OR RELATED THIS AGREEMENT WHICH ARE REQUIRED TO BE LITIGATED IN THE COUNTY
IN WHICH THE PROPERTY IS LOCATED, WILL BE LITIGATED IN COURTS HAVING SITUS IN THE COUNTY IN WHICH THE PROPERTY IS LOCATED AND
ALL OTHER ACTIONS SHALL BE LITIGATED IN COURTS HAVING SITUS IN CHICAGO ILLINOIS. EXCEPT FOR ACTIONS REQUIRING LITIGATION IN THE
COUNTY IN WHICH THE PROPERTY IS LOCATED, BORROWER HEREBY CONSENTS AND SUBMITS TO THE JURISDICTION OF ANY COURT LOCATED WITHIN
CHICAGO, ILLINOIS, WAIVES PERSONAL SERVICE OF PROCESS UPON BORROWER, AND AGREES THAT ALL SUCH SERVICE OF PROCESS MAY BE MADE BY
REGISTERED MAIL DIRECTED TO BORROWER AT THE ADDRESS STATED HEREIN AND SERVICE SO MADE WILL BE DEEMED TO BE COMPLETED UPON ACTUAL
RECEIPT.

 

13.13.     Waiver
of Defenses. IF A CLAIM IS MADE THAT LENDER OR ITS AGENTS HAVE UNREASONABLY DELAYED ACTING OR ACTED UNREASONABLY IN ANY CASE
WHERE BY LAW OR UNDER THIS AGREEMENT OR THE OTHER LOAN DOCUMENTS ANY OF SUCH PERSONS HAS AN OBLIGATION TO ACT PROMPTLY OR REASONABLY,
BORROWER AGREES THAT NO SUCH PERSON SHALL BE LIABLE FOR ANY MONETARY DAMAGES, AND BORROWER'S SOLE REMEDY SHALL BE LIMITED TO COMMENCING
AN ACTION SEEKING SPECIFIC PERFORMANCE, INJUNCTIVE RELIEF AND/OR DECLARATORY JUDGMENT; PROVIDED, HOWEVER, THAT THE FORGOING SHALL
NOT PREVENT BORROWER FROM OBTAINING A MONETARY JUDGMENT AGAINST LENDER IF IT IS DETERMINED BY A COURT OF COMPETENT JURISDICTION
THAT LENDER ACTED WITH GROSS NEGLIGENCE, BAD FAITH OR WILLFUL MISCONDUCT. NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, BORROWER
SHALL NOT ASSERT, AND HEREBY WAIVES, ANY CLAIM AGAINST LENDER AND/OR ITS AFFILIATES, DIRECTORS, EMPLOYEES, ATTORNEYS, AGENTS OR
SUB-AGENTS, ON ANY THEORY OF LIABILITY, FOR SPECIAL, INDIRECT, CONSEQUENTIAL OR PUNITIVE DAMAGES ARISING OUT OF, AS A RESULT OF,
OR IN ANY WAY RELATED TO, THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR ANY AGREEMENT OR INSTRUMENT CONTEMPLATED HEREBY OR THEREBY
OR REFERRED TO HEREIN OR THEREIN, THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY, THE LOAN OR THE USE OF THE PROCEEDS THEREOF
OR ANY ACT OR OMISSION OR EVENT OCCURRING IN CONNECTION THEREWITH.

 

    	21

     

    

 

13.14.     Counterparts;
Facsimile Signatures. This Agreement may be executed in any number of counterparts and by the different parties hereto on
separate counterparts and each such counterpart shall be deemed to be an original, but all such counterparts shall together constitute
but one and the same Agreement. Receipt of an executed signature page to this Agreement by facsimile or other electronic
transmission shall constitute effective delivery thereof. Electronic records of executed Loan Documents maintained by Lender shall
be deemed to be originals thereof.

 

13.15.     Waiver
of Jury Trial. BORROWER AND LENDER (BY ACCEPTANCE HEREOF), HAVING BEEN REPRESENTED BY COUNSEL EACH KNOWINGLY AND VOLUNTARILY
WAIVES ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS (a) UNDER THIS AGREEMENT OR ANY
RELATED AGREEMENT OR UNDER ANY AMENDMENT, INSTRUMENT, DOCUMENT OR AGREEMENT DELIVERED OR WHICH MAY IN THE FUTURE BE DELIVERED
IN CONNECTION WITH THIS AGREEMENT OR (b) ARISING FROM ANY BANKING RELATIONSHIP EXISTING IN CONNECTION WITH THIS AGREEMENT, AND
AGREES THAT ANY SUCH ACTION OR PROCEEDING WILL BE TRIED BEFORE A COURT AND NOT BEFORE A JURY. BORROWER AGREES THAT IT WILL NOT
ASSERT ANY CLAIM AGAINST LENDER OR ANY OTHER PERSON INDEMNIFIED UNDER THIS AGREEMENT ON ANY THEORY OF LIABILITY FOR SPECIAL, INDIRECT,
CONSEQUENTIAL, INCIDENTAL OR PUNITIVE DAMAGES.

 

[Signature Page Follows]

 

    	22

     

    

 

IN WITNESS
WHEREOF, Lender and
Borrower have
caused this Loan
Agreement to
be executed
the day and
year
first above
written.

 

	 	BORROWER:
	 	 
	 	RU 6877-6971 West Frye Road Chandler AZ, LLC, a California limited liability company
	 	 	 
	 	By:	Rich Uncles NNN Operating Partnership, LP, a Delaware limited partnership, its sole member
	 	 	 	 
	 	 	By:	RW Holdings NNN REIT, Inc., a Maryland corporation, its general partner
	 	 	 	 
	 	 	By:	/s/ David A. Perduk
	 	 	 	Name:  David A. Perduk
	 	 	 	Title: Chief Investment Officer

 

	 	LENDER:
	 	 
	 	Alliant Credit Union,
	 	an Illinois state chartered credit union
	 	 	 
	 	By:	/s/ Beverly Harvey
	 	 	Name: Beverly Harvey
	 	 	Title: Manager, Commercial Closing & Servicing

 

     

     

    

 

EXHIBIT A

 

Legal Description of Property

 

PARCEL NO. 1:

 

LOT 1 AND LOT 2, OF SANTAN TECHNOLOGY PARK SECOND AMENDED, ACCORDING
TO THE PLAT OF RECORD IN THE OFFICE OF THE COUNTY RECORDER OF MARICOPA COUNTY, ARIZONA, RECORDED IN BOOK 1176 OF MAPS, PAGE 4.

 

PARCEL NO. 2:

 

AN EASEMENT FOR INGRESS AND EGRESS AS SHOWN ON THE FINAL PLAT
FOR SANTAN TECHNOLOGY PARK, ACCORDING TO THE PLAT OF RECORD IN THE OFFICE OF THE COUNTY RECORDER OF MARICOPA COUNTY, ARIZONA, RECORDED
IN BOOK 754 OF MAPS, PAGE 33.

 

PARCEL NO. 3:

 

RIGHTS AND EASEMENTS AS SET FORTH IN DECLARATION OF RESTRICTIONS
AND GRANT OF EASEMENTS, RECORDED IN DOCUMENT NO. 2005-0805690, AND ALL AMENDMENTS THERETO.

 

Property Address: 6877-6971 West Frye Road, Chandler, AZ 85226

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