Document:

Exhibit 10.3

 

PROMISSORY
NOTE (USLIC – FORTITUDE)

 

	U.S. $3,838,575.00	December 18, 2020

 

FOR VALUE RECEIVED,
and at the times hereinafter specified, THORN HILL POSTAL REALTY HOLDINGS LLC, a
Delaware limited liability company (“Borrower”), whose address is 75 Columbia Avenue, Cedarhurst, New York
11516, hereby promises to pay to the order of THE UNITED STATES LIFE INSURANCE COMPANY IN THE CITY OF NEW YORK, a New York corporation
(hereinafter referred to, together with each subsequent holder hereof, as “Lender”), at c/o AIG Investments,
777 S. Figueroa Street, 16th Floor, Los Angeles, California 90017-5800, or at such other address
as may be designated from time to time hereafter by any Lender, the principal sum of THREE MILLION EIGHT HUNDRED THIRTY-EIGHT THOUSAND
FIVE HUNDRED SEVENTY-FIVE AND NO/100THS DOLLARS ($3,838,575.00), together with interest on the principal balance outstanding from
time to time, as hereinafter provided, in lawful money of the United States of America.

 

Concurrently herewith,
Borrower is making (i) the Promissory Note of even date herewith payable to the order of Lender, in the original principal
amount of $20,915,700.00 and (ii) the Promissory Note of even date herewith payable to the order of National Union Fire Insurance
Company of Pittsburgh, Pa., a Pennsylvania corporation (“Other Lender”), in the original principal amount of
$5,470,725.00 (individually and collectively, the “Other Note”).

 

By its execution and
delivery of this promissory note (this “Note”), Borrower covenants and agrees as follows:

 

1. Interest
Rate and Payments.

 

(a) The balance
of principal outstanding from time to time under this Note shall bear interest at the rate of two and 80/100ths percent (2.80%)
per annum (the “Interest Rate”), based on a three hundred sixty (360) day year composed of twelve (12)
months of thirty (30) days each; provided, however, interest for the Stub Interest Period (defined below) and
partial months shall be calculated by multiplying the principal balance of this Note by the interest rate, dividing the product
by three hundred sixty (360), and multiplying that result by the actual number of days elapsed.

 

(b) Interest only
shall be payable on the date the loan evidenced by this Note (the “Loan”) is funded by Lender, in advance, for
the period from and including the date of funding through and including December 31, 2020 (the “Stub Interest Period”).

 

(c) Commencing on
February 1, 2021, and on the first day of each month thereafter through and including January 1, 2026, payments of interest
only on the outstanding principal balance of this Note shall be due and payable in arrears, in the amount of $8,956.67 each.

 

     

     

    

 

(d) Commencing on
February 1, 2026, and on the first day of each month thereafter through and including the first day of the calendar month
immediately preceding the Maturity Date, combined payments of principal and interest shall be payable, in arrears, in the amount
of $15,772.49 each (such amount representing an amount sufficient to fully amortize the original principal amount of this Note
over a three hundred sixty (360) month period (the “Amortization Period”).

 

(e) The entire outstanding
principal balance of this Note, together with all accrued and unpaid interest and all other sums due hereunder, shall be due and
payable in full on January 1, 2031 (the “Maturity Date”).

 

2. Prepayment.

 

(a) Borrower shall
have no right to prepay all or any part of this Note before the date (the “Lockout Expiration Date”) that is
forty-eight (48) calendar months from and after the first day immediately following the Stub Interest Period.

 

(b) At any time
on or after the Lockout Expiration Date, Borrower shall have the right to prepay the full principal amount of this Note and all
accrued but unpaid interest hereon as of the date of prepayment, provided that (i) Borrower gives not less than thirty (30) days’
prior written notice to Lender of Borrower’s election to prepay this Note, (ii) Borrower pays a prepayment premium to
Lender equal to the greater of (A) one percent (1%) of the outstanding principal amount of this Note or (B) the
Present Value of this Note (hereinafter defined), less the amount of principal being prepaid, calculated as of the prepayment date,
and (iii) Borrower simultaneously pays the full principal amounts of the Other Note, together with all accrued but unpaid
interest thereon as of the date of prepayment, together with any prepayment premium payable with respect to the Other Note.

 

(c) Lender shall
notify Borrower of the amount and basis of determination of the prepayment premium. Lender shall not be obligated to accept any
prepayment of the principal balance of this Note unless such prepayment is accompanied by the applicable prepayment premium and
all accrued interest and other sums due under this Note. Borrower may not prepay the Loan on a Friday, or on any day preceding
a public holiday, or the equivalent for banks generally under the laws of the Commonwealth of Pennsylvania (the “Commonwealth”),
or on any day that is not a Business Day (hereinafter defined).

 

(d) Except for the
application of insurance proceeds or condemnation awards to the principal balance of this Note, as provided in the Security Instrument
(hereinafter defined), in no event shall Borrower be permitted to make any partial prepayments of this Note.

 

(e) If Lender accelerates
this Note for any reason, then in addition to Borrower’s obligation to pay the then outstanding principal balance of this
Note and all accrued but unpaid interest thereon, Borrower shall pay an additional amount equal to the prepayment premium that
would be due to Lender if Borrower were voluntarily prepaying this Note at the time that such acceleration occurred, or if under
the terms hereof no voluntary prepayment would be permissible on the date of such acceleration, Borrower shall pay a prepayment
premium calculated as set forth in the Security Instrument.

 

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(f) For the purposes
of the foregoing:

 

(i) The
“Present Value of this Note” with respect to any prepayment of this Note, as of any date, shall be determined
by discounting all scheduled payments of principal and interest remaining to the date immediately prior to the day which is ninety (90)
days prior to the maturity of this Note, attributed to the amount being prepaid, at the Discount Rate. If prepayment occurs on
a date other than a regularly scheduled payment date, the actual number of days remaining from the prepayment date to the next
regularly scheduled payment date will be used to discount within such period.

 

(ii) The
“Discount Rate” is the rate which, when compounded monthly, is equivalent to the Treasury Rate, when compounded
semi-annually.

 

(iii) The
“Treasury Rate” is the semi-annual yield on the Treasury Constant Maturity Series with maturity equal to the
remaining weighted average life of this Note, for the week prior to the prepayment date, as reported in Federal Reserve Statistical
Release H.15–Selected Interest Rates, conclusively determined by Lender on the prepayment date. The rate will be determined
by linear interpolation between the yields reported in Release H.15, if necessary. In the event Release H.15 is no longer
published, Lender shall select a comparable publication to determine the Treasury Rate.

 

(g) Lender shall
not be obligated actually to reinvest the amount prepaid in any treasury obligations as a condition precedent to receiving any
prepayment premium.

 

(h) Notwithstanding
anything to the contrary contained herein, (i) no prepayment premium shall be due in connection with the application of any
insurance proceeds or condemnation awards to the principal balance of this Note, as provided in the Security Instrument, provided
that no Event of Default has occurred and is continuing, and (ii) Borrower shall have the right to prepay the full principal
amount of this Note and all accrued but unpaid interest thereon as of the date of prepayment, without prepayment premium thereon
at any time during the ninety (90) calendar days prior to the Maturity Date.

 

3. Payments.
Whenever any payment to be made under this Note shall be stated to be due on a Saturday, Sunday or public holiday or the equivalent
for banks generally under the laws of the Commonwealth (any other day being a “Business Day”), such payment
shall be due on the next succeeding Business Day.

 

4. Default
Rate.

 

(a) The entire balance
of principal, interest, and other sums due upon the maturity hereof, by acceleration or otherwise, shall bear interest from the
date due until paid at the greater of (i) twelve percent (12%) per annum, (ii) a per annum rate equal to five percent
(5%) over the prime rate (for corporate loans at large United States money center commercial banks) published in The Wall
Street Journal on the first business day of each month, and (iii) a per annum rate equal to five percent (5%) over
the Interest Rate (the “Default Rate”); provided, however, that such rate shall not exceed the maximum permitted
by applicable state or federal law. In the event The Wall Street Journal is no longer published or no longer publishes such
prime rate, Lender shall select a comparable reference.

 

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(b) If any payment
under this Note is not made when due, interest shall accrue on the entire balance of principal on the Loan at the Default Rate
from the date such payment was due until payment is actually made.

 

(c) Notwithstanding
any applicable law to the contrary and to the extent legally permissible, the Default Rate shall apply after the entry of a judgment
against Borrower, and the judgment shall bear interest at the Default Rate until paid in full.

 

5. Late Charges.
In addition to interest as set forth herein, Borrower shall pay Lender a late charge equal to four percent (4%) of any amounts
due under this Note in the event any such amount (other than the principal payment at maturity, whether by acceleration or otherwise)
is not paid when due; provided, however, that Borrower shall be permitted to make two (2) monthly payments due under this
Note (other than any amounts due on maturity hereof) within five (5) days following their respective due dates in any consecutive
twelve (12) month period without such late payment resulting in a late charge.

 

6. Application
of Payments. All payments hereunder shall be applied first to the payment of late charges, if any, then to the payment of prepayment
premiums, if any, then to the repayment of any sums advanced by Lender for the payment of any insurance premiums, taxes, assessments,
or other charges against the property securing this Note, if any, and any other costs and expenses incurred by Lender in accordance
with the Loan Documents (together with interest thereon at the Default Rate from the date of advance until repaid), then to the
payment of accrued and unpaid interest, and then to the reduction of principal. Notwithstanding the foregoing, for so long as any
Event of Default is continuing, Lender shall have the continuing exclusive right to apply any payments received by Lender from
or on behalf of Borrower as Lender may elect against the then due and owing obligations of Borrower under this Note in such order
of priority or in such allocation as Lender may deem advisable in its sole and absolute discretion.

 

7. Immediately
Available Funds. Payments under the Loan shall be payable in immediately available funds without setoff, counterclaim or deduction
of any kind, and shall be made by electronic funds transfer from a bank account established and maintained by Borrower for such
purpose.

 

8. Security.
This Note is secured by an Open-End Mortgage, Security Agreement, Fixture Filing, Financing Statement and Assignment of Leases
and Rents of even date herewith granted by Borrower for the benefit of the named Lender hereof (the “Security Instrument”),
encumbering certain real property and improvements thereon and as more particularly described in such Security Instrument (the
“Property”).

 

9. Certain
Definitions. Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Security Instrument.

 

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10. Event of
Default. Any failure to pay when due any sum hereunder shall constitute an “Event of Default” under this
Note and under the Security Instrument and each other Loan Document, and any Event of Default under any Loan Document shall constitute
an Event of Default hereunder and under each other Loan Document.

 

11. Acceleration.
Upon the occurrence of any Event of Default, the entire balance of principal, accrued interest, and other sums owing hereunder
shall, at the option of Lender, become at once due and payable without notice or demand.

 

12. Conditions
Precedent. Borrower hereby certifies and declares that all acts, conditions and things required to be done and performed and
to have happened precedent to the creation and issuance of this Note, and to constitute this Note the legal, valid and binding
obligation of Borrower, enforceable in accordance with the terms hereof, have been done and performed and happened in due and strict
compliance with all applicable laws.

 

13. Certain
Waivers and Consents. Borrower and all parties now or hereafter liable for the payment hereof, primarily or secondarily, directly
or indirectly, and whether as endorser, guarantor, surety, or otherwise, hereby severally (a) waive presentment, demand, protest,
notice of protest and/or dishonor, and all other demands or notices of any sort whatever with respect to this Note, (b) consent
to impairment or release of collateral, extensions of time for payment, and acceptance of partial payments before, at, or after
maturity, (c) waive any right to require Lender to proceed against any security for this Note before proceeding hereunder,
(d) waive diligence in the collection of this Note or in filing suit on this Note, and (e) agree to pay all costs and
expenses, including attorneys’ fees, which may be incurred in the collection of this Note or any part thereof or in preserving,
securing possession of, and realizing upon any security for this Note.

 

14. Usury Savings
Clause. The provisions of this Note and of all agreements between Borrower and Lender are, whether now existing or hereinafter
made, hereby expressly limited so that in no contingency or event whatever, whether by reason of acceleration of the maturity hereof,
prepayment, demand for payment or otherwise, shall the amount paid, or agreed to be paid, to Lender for the use, forbearance, or
detention of the principal hereof or interest hereon, which remains unpaid from time to time, exceed the maximum amount permissible
under applicable law, it particularly being the intention of the parties hereto to conform strictly to the laws of the Commonwealth
and Federal law, whichever is applicable. If from any circumstance whatever, the performance or fulfillment of any provision hereof
or of any other agreement between Borrower and Lender shall, at the time performance or fulfillment of such provision is due, involve
or purport to require any payment in excess of the limits prescribed by law, then the obligation to be performed or fulfilled is
hereby reduced to the limit of such validity, and if from any circumstance whatever Lender should ever receive as interest an amount
which would exceed the highest lawful rate, the amount which would be excessive interest shall be applied to the reduction of the
principal balance owing hereunder (or, at Lender’s option, be paid over to Borrower) and shall not be counted as interest.
To the extent permitted by applicable law, determination of the legal maximum amount of interest shall at all times be made by
amortizing, prorating, allocating and spreading in equal parts during the period of the full stated term of this Note, all interest
at any time contracted for, charged, or received from Borrower in connection with this Note and all other agreements between Borrower
and Lender, so that the actual rate of interest on account of the indebtedness represented by this Note is uniform throughout the
term hereof.

 

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15. Non Recourse;
Exceptions to Non Recourse. Nothing contained in this Note or any of the other Loan Documents shall be deemed to impair or
limit Lender’s rights: in foreclosure proceedings or in any ancillary proceedings brought to facilitate Lender’s foreclosure
on the Property or any portion thereof or to exercise any specific rights or remedies afforded Lender under any other provisions
of the Loan Documents or by law or in equity, subject to the non-recourse provisions set forth in subsections 15(a) and 15(a)(i)
below: to recover under any guarantee given in connection with the Loan; or to pursue any personal liability of Borrower or Surety
under the Environmental Indemnity Agreement or Section 5.10 of the Security Instrument. Except as expressly set forth in this
Section, the recourse of Lender with respect to the obligations evidenced by this Note shall be solely to the Property, Chattels
and Intangible Personalty (as defined in the Security Instrument) and any other collateral given as security for the Loan:

 

(a) Notwithstanding
anything to the contrary contained in this Note or in any Loan Document, nothing shall be deemed in any way to impair, limit or
prejudice the rights of Lender to collect or recover from Borrower or Surety:

 

(i) damages,
costs or losses (including without limitation reasonable attorneys’ fees and costs) incurred or sustained by Lender as a
result of physical waste of the Property by Borrower;

 

(ii) the
amount of any insurance proceeds or condemnation awards attributable to the Property neither turned over to Lender nor applied
or used in compliance with the Loan Documents;

 

(iii) the
amount of any rents, profits, advances, rebates, prepaid rents, lease termination payments or other similar sums attributable to
the Property collected by or for Borrower (A) during the existence of an Event of Default (as defined in the Security Instrument)
or during a Triggering Event Condition (as defined in the Cash Collateral Agreement) and not properly applied to the reasonable
operating expenses of the Property, including payments due under this Note and other sums due under the Loan Documents, or (B)
to the extent not deposited in the Deposit Account (as defined in the Cash Collateral Agreement) or otherwise with Lender in reserve
as and when required pursuant to the Loan Documents or, upon any disbursement of the same to Borrower from the Deposit Account
or any such reserve, are not thereafter applied for the purposes for which the same were disbursed in accordance with the Loan
Documents, or (C) to the extent otherwise misappropriated by Borrower in violation of the provisions of the Loan Documents;

 

(iv) the
amount of (A) any rents or other amounts paid under Leases that are prepaid more than one (1) month in advance, and (B) any
security deposits collected by or for Borrower and not applied in accordance with applicable Leases, in both cases, to the extent
not turned over to (I) Lender upon foreclosure (whether judicial, non-judicial, or by power of sale) or a receivership sale,
or conveyance in lieu of foreclosure, or (II) a receiver or trustee for the Property after appointment;

 

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(v) the
amount of any accrued taxes, assessments, and/or utility charges affecting the Property (whether or not the same have been billed
to Borrower) that are either unpaid by Borrower or advanced by Lender under the Security Instrument, except to the extent that
the gross revenue from the Property (for the twelve (12) month period prior to such failure) is insufficient to pay such accrued
taxes and assessments affecting the Property, or to the extent that Lender has received funds in a reserve or impound that is expressly
set aside for payment of such taxes and assessments (except to the extent that Lender’s access to such funds is restricted
or constrained by applicable law, injunction or court order);

 

(vi) the
amount of any damages, costs or losses incurred or sustained by Lender (that would otherwise be covered by insurance) as a result
of Borrower’s failure to maintain the insurance required under the terms of any Loan Document and/or pay any deductible under
any such insurance, except to the extent that the gross revenue from the Property (for the twelve (12) month period prior
to such failure) is insufficient to pay the insurance premiums or deductible for such insurance (following the payment of the accrued
taxes, assessments and/or utility charges affecting the Property described in subsection 15(a)(v) above), or to the extent
that Lender has received funds in a reserve or impound that is expressly set aside for such insurance premiums (except to the extent
that Lender’s access to such funds is restricted or constrained by applicable law, injunction or court order);

 

(vii) the
amount of any losses, damages or costs (including, without limitation, reasonable attorneys’ fees and costs) incurred or
sustained by Lender as a result of any fraud or material misrepresentation by Borrower, Surety, or any of their respective affiliates
or any representative, officer, director, partner, manager, member, shareholder or trustee of Borrower, Surety, or their respective
affiliates in connection with the application for the Loan (the “Application”) or otherwise in connection with
the Property, the Loan Documents or the Application (including, without limitation, any ongoing or other reporting required thereunder
or any request for action or consent by Lender);

 

(viii) the
amount of any losses, damages or costs incurred or sustained by Lender as the result of any mechanic’s or materialmen’s
lien against or encumbering the Property that is not removed within the time period provided in the Loan Documents for such removal;
provided, however, that if such lien(s) result from maintenance or alterations to the improvements or the Property expressly permitted
under the Loan Documents or otherwise consented to in writing by Lender, then liability under this subsection 15(a)(viii)
shall be limited to the extent that the operating reserves for the Property and the gross revenue from the Property from the date
that such contractor, mechanic, or materialman is hired are insufficient to pay the same;

 

(ix) the
amount of any losses, damages, or costs incurred or sustained by Lender as a result of any execution or subsequent, amendment,
modification, assignment or termination of any Lease to any present or future Required Tenant without the prior written consent
of Lender or in violation of the provisions of the Loan Documents; and

 

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(x) the
amount of any losses, damages or costs incurred or sustained by lender as a result of Borrower’s breach or violation of the
Special Purpose Entity Requirements, or as a result of Borrower’s failure to, at all times, be a single purpose entity, except
for any such failure described in subsection 15(b)(vi) below, to which said subsection 15(b)(vi) will apply.

 

(b) Notwithstanding
anything to the contrary contained in this Note or in any Loan Document, the agreement set forth in the introductory paragraph
of this Section to limit the personal liability of Borrower shall become null and void and be of no further force and effect, and
Borrower and each Surety shall be personally liable for the repayment of the Loan and any other amounts due and payable by Borrower
under the Loan Documents, in the event:

 

(i) of
any breach or violation of Section 5.4, 5.5 or 5.7 of the Security Instrument (except for a mechanic’s or materialman’s
lien against the Property, which shall not constitute such a breach or violation under this Section , but instead shall be
governed by Section 15(a)(ix) above);

 

(ii) of
any forfeiture of all or any portion of the Property, Chattels or Intangible Personalty (as defined in the Security Instrument)
or any other collateral given as security for the Loan due to criminal activity pursuant to the operation or enforcement of any
applicable law or the decision of any governmental authority or agency;

 

(iii) of
any attempt (other than a good faith assertion, as an affirmative defense to foreclosure, (A) that Borrower has paid any and
all amounts then due under the Loan Documents, made on a sound factual and legal basis, based upon detailed third-party documented
evidence demonstrating that Borrower has actually paid all such amounts (i.e., bank records evidencing the payment) or (B) as
an affirmative defense to foreclosure based upon a breach or default of a loan covenant by Borrower other than a failure to pay,
that Borrower did not breach or default under said loan covenant or cured same within any applicable grace, notice or cure period,
advanced in good faith and made on a sound legal and factual basis) by Borrower, any Surety, or any other person directly or indirectly
responsible for the management of Borrower or liable for repayment of Borrower’s obligations under the Loan (whether as maker,
endorser, guarantor, surety, general partner or otherwise) to materially delay any foreclosure against the Property, Chattels and/or
Intangible Personalty or any other exercise by Lender of its remedies under the Loan Documents, which attempts shall include, without
limitation, any claim that any Loan Document is invalid or unenforceable to an extent that would preclude Lender’s foreclosure
or other exercise of remedies;

 

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(iv) that
(A) the Property or any portion thereof shall become an asset in (1) a voluntary bankruptcy or insolvency proceeding
or (2) an involuntary bankruptcy or insolvency proceeding which is not dismissed within ninety (90) days of filing (other
than an involuntary bankruptcy petition filed by or at the direction of Lender), or (B) Borrower consents to or otherwise
acquiesces in or joins in any involuntary bankruptcy petition filed against it (other than an involuntary bankruptcy petition filed
by or at the direction of Lender), or (C) Borrower or Surety solicits or colludes in the filing of any involuntary bankruptcy
petition against Borrower (other than an involuntary bankruptcy petition filed by or at the direction of Lender); provided, however,
that this subsection 15(b)(iv) shall not apply if such involuntary bankruptcy filing was initiated by a third-party creditor
independent of any collusive action, consent or participation by Borrower, Surety, any person directly or indirectly responsible
for the management of Borrower, and Borrower opposed the same in good faith; provided, however, that Borrower’s failure to
oppose any such petition shall not trigger recourse liability by reason of this subsection 15(b)(iii), if Borrower has no
reasonable good faith basis for opposing such petition;

 

(v) of
the appointment (other than by or at the direction of Lender) of a receiver, trustee or liquidator with respect to Borrower or
the Property or any part thereof; provided, however, that if such receiver at the request of party other than Borrower, Surety,
any person directly or indirectly liable for the obligations of Borrower, absent Borrower soliciting, consenting to, or colluding
in the appointment of such receiver, this subsection 15(b)(v) shall not apply, so long as Borrower opposes the same in good
faith; provided, however, that Borrower’s failure to oppose the same shall not trigger recourse liability, if Borrower has
no reasonable good faith basis for opposing the same;

 

(vi) that
Borrower’s failure to, at all times, be a single purpose entity results in Borrower being substantively consolidated with
any affiliate of Borrower in a bankruptcy or similar proceeding or that Borrower’s breach or violation of the Special Purpose
Entity Requirements results in Borrower being substantively consolidated with any affiliate of Borrower in a bankruptcy or similar
proceeding; or

 

(vii) that
the Security Instrument or any of the other Loan Documents is deemed a fraudulent conveyance or preference or is otherwise deemed
void pursuant to any principles limiting the rights of creditors, whether such claims, demands or assertions are made under the
United States Bankruptcy Code (as amended or replaced from time to time), including, without limitation, under Sections 544,
547 or 548 thereof, or under any applicable state fraudulent conveyance statutes or similar laws.

 

16. Severability.
If any provision hereof or of any other document securing or related to the indebtedness evidenced hereby is, for any reason and
to any extent, invalid or unenforceable, then neither the remainder of the document in which such provision is contained, nor the
application of the provision to other persons, entities, or circumstances, nor any other document referred to herein, shall be
affected thereby, but instead shall be enforceable to the maximum extent permitted by law.

 

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17. Transfer
of Note. Each provision of this Note shall be and remain in full force and effect notwithstanding any negotiation or transfer
hereof and any interest herein to any other Lender or participant.

 

18. Governing
Law. Regardless of the place of its execution, this Note shall be construed and enforced in accordance with the laws of the
Commonwealth.

 

19. Jurisdiction
and Venue. Borrower consents to the jurisdiction and venue of the state courts located in Butler County, Pennsylvania, and
to the federal courts for the district in which such county is located.

 

20. Time of
Essence. Time is of the essence with respect to all of Borrower’s obligations under this Note.

 

21. Remedies
Cumulative. The remedies provided to Lender in this Note, the Security Instrument and the other Loan Documents are cumulative
and concurrent and may be exercised singly, successively or together against Borrower, the Property, and other security, or any
guarantor of this Note, at the sole and absolute discretion of the Lender.

 

22. No Waiver.
Lender shall not by any act or omission be deemed to waive any of its rights or remedies hereunder unless such waiver is in writing
and signed by the Lender and then only to the extent specifically set forth therein. A waiver of one event shall not be construed
as continuing or as a bar to or waiver of any right or remedy granted to Lender hereunder in connection with a subsequent event.

 

23. Joint and
Several Obligation. If Borrower is more than one person or entity, then (a) all persons or entities comprising Borrower
are jointly and severally liable for all of the Borrower’s obligations hereunder; (b) all representations, warranties,
and covenants made by Borrower shall be deemed representations, warranties, and covenants of each of the persons or entities comprising
Borrower; (c) any breach, Default or Event of Default by any of the persons or entities comprising Borrower hereunder shall
be deemed to be a breach, Default, or Event of Default of Borrower; and (d) any reference herein contained to the knowledge
or awareness of Borrower shall mean the knowledge or awareness of any of the persons or entities comprising Borrower.

 

24. WARRANT
OF ATTORNEY FOR CONFESSION OF JUDGMENT.

 

(a) BORROWER
DOES HEREBY AUTHORIZE AND EMPOWER THE PROTHONOTARY, CLERK OF COURT OR ANY ATTORNEY OF ANY COURT OF RECORD OF THE COMMONWEALTH OF
PENNSYLVANIA OR ELSEWHERE, AFTER AN EVENT OF DEFAULT (AS SUCH TERM IS DEFINED IN THIS NOTE) TO APPEAR FOR AND CONFESS JUDGMENT
AGAINST BORROWER AND IN FAVOR OF LENDER, ITS SUCCESSORS OR ASSIGNS, AS OF ANY TERM, PAST, PRESENT OR FUTURE, WITH OR WITHOUT DECLARATION,
FOR EACH AND ALL OF THE FOLLOWING:

 

(i) THE
UNPAID PRINCIPAL SUM EVIDENCED BY THIS NOTE WITH ALL OF THE ACCRUED AND UNPAID INTEREST THEREON, WHETHER AT THE ORIGINAL INTEREST
RATE, THE DEFAULT RATE, OR BOTH, AS HEREIN PROVIDED;

 

(ii) ALL
OTHER SUMS AS ARE DUE AND PAYABLE TO LENDER UNDER THE TERMS OF THIS NOTE OR UNDER THE TERMS OF ANY OF THE OTHER LOAN DOCUMENTS,
EITHER BY ACCELERATION OR OTHERWISE, INCLUDING WITHOUT LIMITATION, ALL PRE-DEFAULT OR POST-DEFAULT PREPAYMENT PREMIUMS PAYABLE
UNDER THIS NOTE;

 

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(iii) THE
AGGREGATE OF ALL SUMS EXPENDED BY LENDER AT ANY TIME AND FROM TIME TO TIME, WHETHER PERMITTED UNDER THE TERMS OF THE LOAN DOCUMENTS,
PERMITTED BY LAW, OR PERMITTED BY STATUTE, (A) TO EXTINGUISH OR KEEP CURRENT, AS THE CASE MAY BE, ENCUMBRANCES AND LIENS ON
THE PROPERTY, (B) TO PRESERVE, PROTECT, DEFEND AND MAINTAIN THE PROPERTY, TO PAY REAL ESTATE TAXES, TO PAY INSURANCE PREMIUMS
OF ANY NATURE BEFITTING OR RELATING TO THE PROPERTY, TO PAY GROUND LEASE, CONDOMINIUM, COOPERATIVE, RECIPROCAL EASEMENT OBLIGATIONS,
RESTRICTIVE COVENANT MAINTENANCE OBLIGATIONS, AND OTHER SIMILAR FEES AND CHARGES, AND TO PAY ANY OTHER LIENABLE EXPENSES CHARGEABLE
AGAINST THE PROPERTY; (C) TO PRESERVE, PROTECT, DEFEND AND MAINTAIN THE LIEN PRIORITY OF THE SECURITY INSTRUMENT ON THE PROPERTY,
AND/OR (D) DUE TO AN EVENT OF DEFAULT UNDER THIS NOTE OR UNDER ANY OF THE OTHER LOAN DOCUMENTS; AND

 

(iv) THE COSTS OF SUIT AND AN ATTORNEY'S
FEE OF ONE PERCENT (1%) OF THE SUM OF ALL OF THE ITEMS (i), (ii), AND (iii) ABOVE FOR COLLECTION (BUT NOT LESS THAN $10,000.00),
AND ON WHICH JUDGMENT LENDER MAY ISSUE OR CAUSE TO BE ISSUED AN EXECUTION OR EXECUTIONS, WAIVING APPRAISEMENT AS TO ANY PROPERTY
LEVIED UPON BY VIRTUE OF ANY SUCH EXECUTION, ANY RIGHT TO A HEARING BEFORE EXECUTION ON ANY SUCH JUDGMENT, AND ALL EXEMPTION FROM
LEVY AND SALE OF ANY PROPERTY WHICH NOW OR HEREAFTER IS EXEMPT UNDER ANY ACT OF THE STATE WHEREIN THE JUDGMENT IS ENTERED. NO SINGLE
EXERCISE OF THIS WARRANT AND POWER TO CONFESS JUDGMENT SHALL BE DEEMED TO EXHAUST THIS POWER, WHETHER OR NOT ANY SUCH EXERCISE
SHALL BE STRICKEN, VACATED, REMOVED OR OTHERWISE HELD BY ANY COURT TO BE INVALID, VOIDABLE OR VOID, BUT THIS POWER SHALL CONTINUE
UNDIMINISHED AND MAY BE EXERCISED FROM TIME TO TIME AS OFTEN AS LENDER SHALL ELECT UNTIL THIS NOTE AND ALL SUMS DUE HEREUNDER

 

SHALL BE PAID
IN FULL, AND BORROWER HAS PERFORMED ALL OF THE OTHER PROVISIONS HEREUNDER AND/OR UNDER THE TERMS OF THE OTHER LOAN DOCUMENTS. BORROWER
HEREBY AUTHORIZES LENDER TO REASSESS DAMAGES FROM TIME TO TIME AND AS OFTEN AS LENDER DEEMS NECESSARY SO THAT ANY AND ALL JUDGMENTS
CONFESSED HEREUNDER SHALL INCLUDE ALL SUMS LISTED UNDER SUBPARAGRAPHS (i) THROUGH (iv) ABOVE AS THE SAME ARE INCURRED FROM
TIME TO TIME, EVEN AFTER ENTRY OF JUDGMENT UNDER THIS WARRANTY OF ATTORNEY.

 

(b) WARNING —
BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND A COURT TRIAL. A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR
PRIOR KNOWLEDGE AND THE POWER OF A COURT CAN BE USED TO COLLECT FROM YOU AND/OR TAKE YOUR PROPERTY REGARDLESS OF ANY CLAIMS YOU
MAY HAVE AGAINST THE LENDER WHETHER FOR FAILURE ON ITS PART TO COMPLY WITH THE TERMS OF THIS NOTE OR ANY OTHER CAUSE.

 

(c) Borrower, for
itself and on behalf of its successors and assigns, acknowledges and confirms that it has been advised by counsel and understands
that by signing this Warrant of Attorney for Confession of Judgment, a judgment for any amounts which may become due under this
Note and the Loan Documents may be entered against Borrower, without receiving prior notice of the entry of the judgment and without
an opportunity to present to the Court any defenses Borrower may have to the entry of the judgment, and Borrower voluntarily agrees
to the inclusion of the above Confession of Judgment provision in the Loan Documents, and agrees to be bound thereby.

 

	 	THORN HILL POSTAL REALTY HOLDINGS LLC, a Delaware limited liability company
	 	 	 
	 	By:	/s/ Jeremy Garber
	 	Name: 	Jeremy Garber
	 	Title:	President

 

(d) The remedies
of Lender provided herein and in the other Loan Documents and the warrant of attorney herein or therein contained, are cumulative
and concurrent, and may be pursued singly, successively and together, at the sole discretion of the Lender, and may be exercised
as often as occasion therefor shall occur; and the failure to exercise any such right or remedy shall in no event be construed
as a waiver or release of the same.

 

(e) Borrower hereby
releases the Lender and its attorney or attorneys from all errors, defects and imperfections whatsoever of a procedural nature
in entering judgment by confession hereon as aforesaid or in issuing any process or instituting any proceedings relating thereto
and hereby waives all benefit that might accrue to the Borrower by virtue of any present or future laws exempting the Property,
or any part of the proceeds arising from any sale of the Property, from attachment, levy or sale under execution, or providing
for any stay of execution, exemption from civil process or extension of time. Borrower agrees that the Property may be sold to
satisfy any judgment entered on this Note or any of the other Loan Documents, in whole or in part and in any order desired by the
Lender.

 

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(f) BORROWER
ACKNOWLEDGES THAT IT HAS BEEN REPRESENTED BY COUNSEL IN CONNECTION WITH THE EXECUTION AND DELIVERY OF THIS NOTE AND THAT IT UNDERSTANDS
THIS PROVISION FOR CONFESSION OF JUDGMENT, AND BORROWER WAIVES ANY RIGHT TO NOTICE OR A HEARING IT MIGHT OTHERWISE HAVE BEFORE
ENTRY OF JUDGMENT.

 

25. WAIVER
OF JURY TRIAL. BORROWER AND LENDER KNOWINGLY, IRREVOCABLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY RIGHT EITHER MAY HAVE TO
A TRIAL BY JURY IN RESPECT OF ANY ACTION, PROCEEDING OR COUNTERCLAIM BASED ON THIS NOTE, OR ARISING OUT OF, UNDER OR IN CONNECTION
WITH THIS NOTE, THE SECURITY INSTRUMENT, OR ANY OTHER LOAN DOCUMENTS OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENT (WHETHER
VERBAL OR WRITTEN) OR ACTIONS OF ANY PARTY HERETO OR TO ANY LOAN DOCUMENT. THIS PROVISION IS A MATERIAL INDUCEMENT FOR BORROWER
AND LENDER TO ENTER INTO THE LOAN.

 

	 	BORROWER	/s/ JG
	 	 
	 	LENDER	 /s/ MM

 

26. WAIVER
OF PREPAYMENT RIGHT WITHOUT PREMIUM. BORROWER HEREBY EXPRESSLY WAIVES ANY RIGHT IT MAY HAVE UNDER APPLICABLE LAW TO PREPAY
THIS NOTE, IN WHOLE OR IN PART, WITHOUT PREPAYMENT PREMIUM, UPON ACCELERATION OF THE MATURITY DATE OF THIS NOTE, AND AGREES THAT,
IF FOR ANY REASON A PREPAYMENT OF ALL OR ANY PART OF THIS NOTE IS MADE, WHETHER VOLUNTARILY OR FOLLOWING ANY ACCELERATION OF THE
MATURITY DATE OF THIS NOTE BY LENDER ON ACCOUNT OF THE OCCURRENCE OF ANY EVENT OF DEFAULT ARISING FOR ANY REASON, INCLUDING, WITHOUT
LIMITATION, AS A RESULT OF ANY PROHIBITED OR RESTRICTED TRANSFER, FURTHER ENCUMBRANCE OR DISPOSITION OF THE PROPERTY OR ANY PART
THEREOF SECURING THIS NOTE, THEN BORROWER SHALL BE OBLIGATED TO PAY, CONCURRENTLY WITH SUCH PREPAYMENT, THE PREPAYMENT PREMIUM
PROVIDED FOR IN THIS NOTE OR, IN THE EVENT OF PREPAYMENT FOLLOWING ACCELERATION OF THE MATURITY DATE HEREOF WHEN THIS NOTE IS CLOSED
TO PREPAYMENT, AS PROVIDED IN THE SECURITY INSTRUMENT. BORROWER HEREBY DECLARES THAT LENDER’S AGREEMENT TO MAKE THE LOAN
AT THE INTEREST RATE AND FOR THE TERM SET FORTH IN THIS NOTE CONSTITUTES ADEQUATE CONSIDERATION, GIVEN INDIVIDUAL WEIGHT BY BORROWER,
FOR THIS WAIVER AND AGREEMENT.

 

[Balance of Page Intentionally Left
Blank]

 

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IN WITNESS WHEREOF
and intending to be legally bound, Borrower has duly executed this Note as of the date first above written.

 

	 	BORROWER:
	 	 	 
	 	THORN HILL POSTAL REALTY HOLDINGS LLC, a Delaware limited liability company
	 	 	 
	 	By:	/s/ Jeremy Garber
	 	Name:  	Jeremy Garber
	 	Title:	President

 

Signature Page – Promissory Note
(USLIC – FORTITUDE)Exhibit 10.4

 

PROMISSORY
NOTE (NUFIC)

 

	U.S. $5,470,725.00	December 18, 2020

 

FOR VALUE RECEIVED,
and at the times hereinafter specified, THORN HILL POSTAL REALTY HOLDINGS LLC, a
Delaware limited liability company (“Borrower”), whose address is 75 Columbia Avenue, Cedarhurst, New York
11516, hereby promises to pay to the order of NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA., a Pennsylvania corporation
(hereinafter referred to, together with each subsequent holder hereof, as “Lender”), at c/o AIG Investments,
777 S. Figueroa Street, 16th Floor, Los Angeles, California 90017-5800, or at such other address
as may be designated from time to time hereafter by any Lender, the principal sum of FIVE MILLION FOUR HUNDRED SEVENTY THOUSAND
SEVEN HUNDRED TWENTY-FIVE AND NO/100THS DOLLARS ($5,470,725.00), together with interest on the principal balance outstanding from
time to time, as hereinafter provided, in lawful money of the United States of America.

 

Concurrently herewith,
Borrower is making (i) the Promissory Note of even date herewith payable to the order of The United States Life Insurance
Company in the City of New York, a New York corporation (“Other Lender”), in the original principal amount of
$20,915,700.00 and (ii) the Promissory Note of even date herewith payable to the order of Other Lender, in the original principal
amount of $3,838,575.00 (individually and collectively, the “Other Note”).

 

By its execution and
delivery of this promissory note (this “Note”), Borrower covenants and agrees as follows:

 

1. Interest Rate
and Payments.

 

(a) The balance of principal
outstanding from time to time under this Note shall bear interest at the rate of two and 80/100ths percent (2.80%) per annum
(the “Interest Rate”), based on a three hundred sixty (360) day year composed of twelve (12) months
of thirty (30) days each; provided, however, interest for the Stub Interest Period (defined below) and partial
months shall be calculated by multiplying the principal balance of this Note by the interest rate, dividing the product by three
hundred sixty (360), and multiplying that result by the actual number of days elapsed.

 

(b) Interest only shall
be payable on the date the loan evidenced by this Note (the “Loan”) is funded by Lender, in advance, for the
period from and including the date of funding through and including December 31, 2020 (the “Stub Interest Period”).

 

(c) Commencing on February 1,
2021, and on the first day of each month thereafter through and including January 1, 2026 payments of interest only on the
outstanding principal balance of this Note shall be due and payable in arrears, in the amount of $12,765.03 each.

 

     

     

    

 

(d) Commencing on February 1,
2026, and on the first day of each month thereafter through and including the first day of the calendar month immediately preceding
the Maturity Date, combined payments of principal and interest shall be payable, in arrears, in the amount of $22,478.91 each (such
amount representing an amount sufficient to fully amortize the original principal amount of this Note over a three hundred sixty (360)
month period (the “Amortization Period”).

 

(e) The entire outstanding
principal balance of this Note, together with all accrued and unpaid interest and all other sums due hereunder, shall be due and
payable in full on January 1, 2031 (the “Maturity Date”).

 

2. Prepayment.

 

(a) Borrower shall have
no right to prepay all or any part of this Note before the date (the “Lockout Expiration Date”) that is forty-eight (48)
calendar months from and after the first day immediately following the Stub Interest Period.

 

(b) At any time on or
after the Lockout Expiration Date, Borrower shall have the right to prepay the full principal amount of this Note and all accrued
but unpaid interest hereon as of the date of prepayment, provided that (i) Borrower gives not less than thirty (30) days’
prior written notice to Lender of Borrower’s election to prepay this Note, (ii) Borrower pays a prepayment premium to
Lender equal to the greater of (A) one percent (1%) of the outstanding principal amount of this Note or (B) the
Present Value of this Note (hereinafter defined), less the amount of principal being prepaid, calculated as of the prepayment date,
and (iii) Borrower simultaneously pays the full principal amounts of the Other Note, together with all accrued but unpaid
interest thereon as of the date of prepayment, together with any prepayment premium payable with respect to the Other Note.

 

(c) Lender shall notify
Borrower of the amount and basis of determination of the prepayment premium. Lender shall not be obligated to accept any prepayment
of the principal balance of this Note unless such prepayment is accompanied by the applicable prepayment premium and all accrued
interest and other sums due under this Note. Borrower may not prepay the Loan on a Friday, or on any day preceding a public holiday,
or the equivalent for banks generally under the laws of the Commonwealth of Pennsylvania (the “Commonwealth”),
or on any day that is not a Business Day (hereinafter defined).

 

(d) Except for the application
of insurance proceeds or condemnation awards to the principal balance of this Note, as provided in the Security Instrument (hereinafter
defined), in no event shall Borrower be permitted to make any partial prepayments of this Note.

 

(e) If Lender accelerates
this Note for any reason, then in addition to Borrower’s obligation to pay the then outstanding principal balance of this
Note and all accrued but unpaid interest thereon, Borrower shall pay an additional amount equal to the prepayment premium that
would be due to Lender if Borrower were voluntarily prepaying this Note at the time that such acceleration occurred, or if under
the terms hereof no voluntary prepayment would be permissible on the date of such acceleration, Borrower shall pay a prepayment
premium calculated as set forth in the Security Instrument.

 

    2

     

    

  

(f) For the purposes
of the foregoing:

 

(i) The
“Present Value of this Note” with respect to any prepayment of this Note, as of any date, shall be determined
by discounting all scheduled payments of principal and interest remaining to the date immediately prior to the day which is ninety (90)
days prior to the maturity of this Note, attributed to the amount being prepaid, at the Discount Rate. If prepayment occurs on
a date other than a regularly scheduled payment date, the actual number of days remaining from the prepayment date to the next
regularly scheduled payment date will be used to discount within such period.

 

(ii) The
“Discount Rate” is the rate which, when compounded monthly, is equivalent to the Treasury Rate, when compounded
semi-annually.

 

(iii) The
“Treasury Rate” is the semi-annual yield on the Treasury Constant Maturity Series with maturity equal to the
remaining weighted average life of this Note, for the week prior to the prepayment date, as reported in Federal Reserve Statistical
Release H.15–Selected Interest Rates, conclusively determined by Lender on the prepayment date. The rate will be determined
by linear interpolation between the yields reported in Release H.15, if necessary. In the event Release H.15 is no longer
published, Lender shall select a comparable publication to determine the Treasury Rate.

 

(g) Lender shall not
be obligated actually to reinvest the amount prepaid in any treasury obligations as a condition precedent to receiving any prepayment
premium.

 

(h) Notwithstanding anything
to the contrary contained herein, (i) no prepayment premium shall be due in connection with the application of any insurance
proceeds or condemnation awards to the principal balance of this Note, as provided in the Security Instrument, provided that no
Event of Default has occurred and is continuing, and (ii) Borrower shall have the right to prepay the full principal amount
of this Note and all accrued but unpaid interest thereon as of the date of prepayment, without prepayment premium thereon at any
time during the ninety (90) calendar days prior to the Maturity Date.

 

3. Payments.
Whenever any payment to be made under this Note shall be stated to be due on a Saturday, Sunday or public holiday or the equivalent
for banks generally under the laws of the Commonwealth (any other day being a “Business Day”), such payment
shall be due on the next succeeding Business Day.

 

4. Default Rate.

 

(a) The entire balance
of principal, interest, and other sums due upon the maturity hereof, by acceleration or otherwise, shall bear interest from the
date due until paid at the greater of (i) twelve percent (12%) per annum, (ii) a per annum rate equal to five percent
(5%) over the prime rate (for corporate loans at large United States money center commercial banks) published in The Wall
Street Journal on the first business day of each month, and (iii) a per annum rate equal to five percent (5%) over
the Interest Rate (the “Default Rate”); provided, however, that such rate shall not exceed the maximum permitted
by applicable state or federal law. In the event The Wall Street Journal is no longer published or no longer publishes such
prime rate, Lender shall select a comparable reference.

 

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(b) If any payment under
this Note is not made when due, interest shall accrue on the entire balance of principal on the Loan at the Default Rate from the
date such payment was due until payment is actually made.

 

(c) Notwithstanding any
applicable law to the contrary and to the extent legally permissible, the Default Rate shall apply after the entry of a judgment
against Borrower, and the judgment shall bear interest at the Default Rate until paid in full.

 

5. Late Charges.
In addition to interest as set forth herein, Borrower shall pay Lender a late charge equal to four percent (4%) of any amounts
due under this Note in the event any such amount (other than the principal payment at maturity, whether by acceleration or otherwise)
is not paid when due; provided, however, that Borrower shall be permitted to make two (2) monthly payments due under this
Note (other than any amounts due on maturity hereof) within five (5) days following their respective due dates in any consecutive
twelve (12) month period without such late payment resulting in a late charge.

 

6. Application of
Payments. All payments hereunder shall be applied first to the payment of late charges, if any, then to the payment of prepayment
premiums, if any, then to the repayment of any sums advanced by Lender for the payment of any insurance premiums, taxes, assessments,
or other charges against the property securing this Note, if any, and any other costs and expenses incurred by Lender in accordance
with the Loan Documents (together with interest thereon at the Default Rate from the date of advance until repaid), then to the
payment of accrued and unpaid interest, and then to the reduction of principal. Notwithstanding the foregoing, for so long as any
Event of Default is continuing, Lender shall have the continuing exclusive right to apply any payments received by Lender from
or on behalf of Borrower as Lender may elect against the then due and owing obligations of Borrower under this Note in such order
of priority or in such allocation as Lender may deem advisable in its sole and absolute discretion.

 

7. Immediately Available
Funds. Payments under the Loan shall be payable in immediately available funds without setoff, counterclaim or deduction of
any kind, and shall be made by electronic funds transfer from a bank account established and maintained by Borrower for such purpose.

 

8. Security.
This Note is secured by an Open-End Mortgage, Security Agreement, Fixture Filing, Financing Statement and Assignment of Leases
and Rents of even date herewith granted by Borrower for the benefit of the named Lender hereof (the “Security Instrument”),
encumbering certain real property and improvements thereon and as more particularly described in such Security Instrument (the
“Property”).

 

9. Certain Definitions.
Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Security Instrument.

 

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10. Event of Default.
Any failure to pay when due any sum hereunder shall constitute an “Event of Default” under this Note and under
the Security Instrument and each other Loan Document, and any Event of Default under any Loan Document shall constitute an Event
of Default hereunder and under each other Loan Document.

 

11. Acceleration.
Upon the occurrence of any Event of Default, the entire balance of principal, accrued interest, and other sums owing hereunder
shall, at the option of Lender, become at once due and payable without notice or demand.

 

12. Conditions Precedent.
Borrower hereby certifies and declares that all acts, conditions and things required to be done and performed and to have happened
precedent to the creation and issuance of this Note, and to constitute this Note the legal, valid and binding obligation of Borrower,
enforceable in accordance with the terms hereof, have been done and performed and happened in due and strict compliance with all
applicable laws.

 

13. Certain Waivers
and Consents. Borrower and all parties now or hereafter liable for the payment hereof, primarily or secondarily, directly or
indirectly, and whether as endorser, guarantor, surety, or otherwise, hereby severally (a) waive presentment, demand, protest,
notice of protest and/or dishonor, and all other demands or notices of any sort whatever with respect to this Note, (b) consent
to impairment or release of collateral, extensions of time for payment, and acceptance of partial payments before, at, or after
maturity, (c) waive any right to require Lender to proceed against any security for this Note before proceeding hereunder,
(d) waive diligence in the collection of this Note or in filing suit on this Note, and (e) agree to pay all costs and
expenses, including attorneys’ fees, which may be incurred in the collection of this Note or any part thereof or in preserving,
securing possession of, and realizing upon any security for this Note.

 

14. Usury Savings
Clause. The provisions of this Note and of all agreements between Borrower and Lender are, whether now existing or hereinafter
made, hereby expressly limited so that in no contingency or event whatever, whether by reason of acceleration of the maturity hereof,
prepayment, demand for payment or otherwise, shall the amount paid, or agreed to be paid, to Lender for the use, forbearance, or
detention of the principal hereof or interest hereon, which remains unpaid from time to time, exceed the maximum amount permissible
under applicable law, it particularly being the intention of the parties hereto to conform strictly to the laws of the Commonwealth
and Federal law, whichever is applicable. If from any circumstance whatever, the performance or fulfillment of any provision hereof
or of any other agreement between Borrower and Lender shall, at the time performance or fulfillment of such provision is due, involve
or purport to require any payment in excess of the limits prescribed by law, then the obligation to be performed or fulfilled is
hereby reduced to the limit of such validity, and if from any circumstance whatever Lender should ever receive as interest an amount
which would exceed the highest lawful rate, the amount which would be excessive interest shall be applied to the reduction of the
principal balance owing hereunder (or, at Lender’s option, be paid over to Borrower) and shall not be counted as interest.
To the extent permitted by applicable law, determination of the legal maximum amount of interest shall at all times be made by
amortizing, prorating, allocating and spreading in equal parts during the period of the full stated term of this Note, all interest
at any time contracted for, charged, or received from Borrower in connection with this Note and all other agreements between Borrower
and Lender, so that the actual rate of interest on account of the indebtedness represented by this Note is uniform throughout the
term hereof.

 

    5

     

    

  

15. Non Recourse;
Exceptions to Non Recourse. Nothing contained in this Note or any of the other Loan Documents shall be deemed to impair or
limit Lender’s rights: in foreclosure proceedings or in any ancillary proceedings brought to facilitate Lender’s foreclosure
on the Property or any portion thereof or to exercise any specific rights or remedies afforded Lender under any other provisions
of the Loan Documents or by law or in equity, subject to the non-recourse provisions set forth in subsections 15(a) and 15(a)(i)
below: to recover under any guarantee given in connection with the Loan; or to pursue any personal liability of Borrower or Surety
under the Environmental Indemnity Agreement or Section 5.10 of the Security Instrument. Except as expressly set forth in this
Section, the recourse of Lender with respect to the obligations evidenced by this Note shall be solely to the Property, Chattels
and Intangible Personalty (as defined in the Security Instrument) and any other collateral given as security for the Loan:

 

(a) Notwithstanding anything
to the contrary contained in this Note or in any Loan Document, nothing shall be deemed in any way to impair, limit or prejudice
the rights of Lender to collect or recover from Borrower or Surety:

 

(i) damages,
costs or losses (including without limitation reasonable attorneys’ fees and costs) incurred or sustained by Lender as a
result of physical waste of the Property by Borrower;

 

(ii) the
amount of any insurance proceeds or condemnation awards attributable to the Property neither turned over to Lender nor applied
or used in compliance with the Loan Documents;

 

(iii) the
amount of any rents, profits, advances, rebates, prepaid rents, lease termination payments or other similar sums attributable to
the Property collected by or for Borrower (A) during the existence of an Event of Default (as defined in the Security Instrument)
or during a Triggering Event Condition (as defined in the Cash Collateral Agreement) and not properly applied to the reasonable
operating expenses of the Property, including payments due under this Note and other sums due under the Loan Documents, or (B)
to the extent not deposited in the Deposit Account (as defined in the Cash Collateral Agreement) or otherwise with Lender in reserve
as and when required pursuant to the Loan Documents or, upon any disbursement of the same to Borrower from the Deposit Account
or any such reserve, are not thereafter applied for the purposes for which the same were disbursed in accordance with the Loan
Documents, or (C) to the extent otherwise misappropriated by Borrower in violation of the provisions of the Loan Documents;

 

(iv) the
amount of (A) any rents or other amounts paid under Leases that are prepaid more than one (1) month in advance, and (B) any
security deposits collected by or for Borrower and not applied in accordance with applicable Leases, in both cases, to the extent
not turned over to (I) Lender upon foreclosure (whether judicial, non-judicial, or by power of sale) or a receivership sale,
or conveyance in lieu of foreclosure, or (II) a receiver or trustee for the Property after appointment;

 

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(v) the
amount of any accrued taxes, assessments, and/or utility charges affecting the Property (whether or not the same have been billed
to Borrower) that are either unpaid by Borrower or advanced by Lender under the Security Instrument, except to the extent that
the gross revenue from the Property (for the twelve (12) month period prior to such failure) is insufficient to pay such accrued
taxes and assessments affecting the Property, or to the extent that Lender has received funds in a reserve or impound that is expressly
set aside for payment of such taxes and assessments (except to the extent that Lender’s access to such funds is restricted
or constrained by applicable law, injunction or court order);

 

(vi) the
amount of any damages, costs or losses incurred or sustained by Lender (that would otherwise be covered by insurance) as a result
of Borrower’s failure to maintain the insurance required under the terms of any Loan Document and/or pay any deductible under
any such insurance, except to the extent that the gross revenue from the Property (for the twelve (12) month period prior
to such failure) is insufficient to pay the insurance premiums or deductible for such insurance (following the payment of the accrued
taxes, assessments and/or utility charges affecting the Property described in subsection 15(a)(v) above), or to the extent
that Lender has received funds in a reserve or impound that is expressly set aside for such insurance premiums (except to the extent
that Lender’s access to such funds is restricted or constrained by applicable law, injunction or court order);

 

(vii) the
amount of any losses, damages or costs (including, without limitation, reasonable attorneys’ fees and costs) incurred or
sustained by Lender as a result of any fraud or material misrepresentation by Borrower, Surety, or any of their respective affiliates
or any representative, officer, director, partner, manager, member, shareholder or trustee of Borrower, Surety, or their respective
affiliates in connection with the application for the Loan (the “Application”) or otherwise in connection with
the Property, the Loan Documents or the Application (including, without limitation, any ongoing or other reporting required thereunder
or any request for action or consent by Lender);

 

(viii) the
amount of any losses, damages or costs incurred or sustained by Lender as the result of any mechanic’s or materialmen’s
lien against or encumbering the Property that is not removed within the time period provided in the Loan Documents for such removal;
provided, however, that if such lien(s) result from maintenance or alterations to the improvements or the Property expressly permitted
under the Loan Documents or otherwise consented to in writing by Lender, then liability under this subsection 15(a)(viii)
shall be limited to the extent that the operating reserves for the Property and the gross revenue from the Property from the date
that such contractor, mechanic, or materialman is hired are insufficient to pay the same;

 

(ix) the
amount of any losses, damages, or costs incurred or sustained by Lender as a result of any execution or subsequent, amendment,
modification, assignment or termination of any Lease to any present or future Required Tenant without the prior written consent
of Lender or in violation of the provisions of the Loan Documents; and

 

    7

     

    

  

(x) the
amount of any losses, damages or costs incurred or sustained by lender as a result of Borrower’s breach or violation of the
Special Purpose Entity Requirements, or as a result of Borrower’s failure to, at all times, be a single purpose entity, except
for any such failure described in subsection 15(b)(vi) below, to which said subsection 15(b)(vi) will apply.

 

(b) Notwithstanding anything
to the contrary contained in this Note or in any Loan Document, the agreement set forth in the introductory paragraph of this Section
to limit the personal liability of Borrower shall become null and void and be of no further force and effect, and Borrower and
each Surety shall be personally liable for the repayment of the Loan and any other amounts due and payable by Borrower under the
Loan Documents, in the event:

 

(i) of any
breach or violation of Section 5.4, 5.5 or 5.7 of the Security Instrument (except for a mechanic’s or materialman’s
lien against the Property, which shall not constitute such a breach or violation under this Section , but instead shall be
governed by Section 15(a)(ix) above);

 

(ii) of
any forfeiture of all or any portion of the Property, Chattels or Intangible Personalty (as defined in the Security Instrument)
or any other collateral given as security for the Loan due to criminal activity pursuant to the operation or enforcement of any
applicable law or the decision of any governmental authority or agency;

 

(iii) of
any attempt (other than a good faith assertion, as an affirmative defense to foreclosure, (A) that Borrower has paid any and
all amounts then due under the Loan Documents, made on a sound factual and legal basis, based upon detailed third-party documented
evidence demonstrating that Borrower has actually paid all such amounts (i.e., bank records evidencing the payment) or (B) as
an affirmative defense to foreclosure based upon a breach or default of a loan covenant by Borrower other than a failure to pay,
that Borrower did not breach or default under said loan covenant or cured same within any applicable grace, notice or cure period,
advanced in good faith and made on a sound legal and factual basis) by Borrower, any Surety, or any other person directly or indirectly
responsible for the management of Borrower or liable for repayment of Borrower’s obligations under the Loan (whether as maker,
endorser, guarantor, surety, general partner or otherwise) to materially delay any foreclosure against the Property, Chattels and/or
Intangible Personalty or any other exercise by Lender of its remedies under the Loan Documents, which attempts shall include, without
limitation, any claim that any Loan Document is invalid or unenforceable to an extent that would preclude Lender’s foreclosure
or other exercise of remedies;

 

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(iv) that
(A) the Property or any portion thereof shall become an asset in (1) a voluntary bankruptcy or insolvency proceeding
or (2) an involuntary bankruptcy or insolvency proceeding which is not dismissed within ninety (90) days of filing (other
than an involuntary bankruptcy petition filed by or at the direction of Lender), or (B) Borrower consents to or otherwise
acquiesces in or joins in any involuntary bankruptcy petition filed against it (other than an involuntary bankruptcy petition filed
by or at the direction of Lender), or (C) Borrower or Surety solicits or colludes in the filing of any involuntary bankruptcy
petition against Borrower (other than an involuntary bankruptcy petition filed by or at the direction of Lender); provided, however,
that this subsection 15(b)(iv) shall not apply if such involuntary bankruptcy filing was initiated by a third-party creditor
independent of any collusive action, consent or participation by Borrower, Surety, any person directly or indirectly responsible
for the management of Borrower, and Borrower opposed the same in good faith; provided, however, that Borrower’s failure to
oppose any such petition shall not trigger recourse liability by reason of this subsection 15(b)(iv), if Borrower has no reasonable
good faith basis for opposing such petition;

 

(v) of the
appointment (other than by or at the direction of Lender) of a receiver, trustee or liquidator with respect to Borrower or the
Property or any part thereof; provided, however, that if such receiver at the request of party other than Borrower, Surety, any
person directly or indirectly liable for the obligations of Borrower, absent Borrower soliciting, consenting to, or colluding in
the appointment of such receiver, this subsection 15(b)(v) shall not apply, so long as Borrower opposes the same in good faith;
provided, however, that Borrower’s failure to oppose the same shall not trigger recourse liability, if Borrower has no reasonable
good faith basis for opposing the same;

 

(vi) that
Borrower’s failure to, at all times, be a single purpose entity results in Borrower being substantively consolidated with
any affiliate of Borrower in a bankruptcy or similar proceeding or that Borrower’s breach or violation of the Special Purpose
Entity Requirements results in Borrower being substantively consolidated with any affiliate of Borrower in a bankruptcy or similar
proceeding; or

 

(vii) that
the Security Instrument or any of the other Loan Documents is deemed a fraudulent conveyance or preference or is otherwise deemed
void pursuant to any principles limiting the rights of creditors, whether such claims, demands or assertions are made under the
United States Bankruptcy Code (as amended or replaced from time to time), including, without limitation, under Sections 544,
547 or 548 thereof, or under any applicable state fraudulent conveyance statutes or similar laws.

 

16. Severability.
If any provision hereof or of any other document securing or related to the indebtedness evidenced hereby is, for any reason and
to any extent, invalid or unenforceable, then neither the remainder of the document in which such provision is contained, nor the
application of the provision to other persons, entities, or circumstances, nor any other document referred to herein, shall be
affected thereby, but instead shall be enforceable to the maximum extent permitted by law.

 

    9

     

    

 

17. Transfer of
Note. Each provision of this Note shall be and remain in full force and effect notwithstanding any negotiation or transfer
hereof and any interest herein to any other Lender or participant.

 

18. Governing Law.
Regardless of the place of its execution, this Note shall be construed and enforced in accordance with the laws of the Commonwealth.

 

19. Jurisdiction
and Venue. Borrower consents to the jurisdiction and venue of the state courts located in Butler County, Pennsylvania, and
to the federal courts for the district in which such county is located.

 

20. Time of Essence.
Time is of the essence with respect to all of Borrower’s obligations under this Note.

 

21. Remedies Cumulative.
The remedies provided to Lender in this Note, the Security Instrument and the other Loan Documents are cumulative and concurrent
and may be exercised singly, successively or together against Borrower, the Property, and other security, or any guarantor of this
Note, at the sole and absolute discretion of the Lender.

 

22. No Waiver.
Lender shall not by any act or omission be deemed to waive any of its rights or remedies hereunder unless such waiver is in writing
and signed by the Lender and then only to the extent specifically set forth therein. A waiver of one event shall not be construed
as continuing or as a bar to or waiver of any right or remedy granted to Lender hereunder in connection with a subsequent event.

 

23. Joint and Several
Obligation. If Borrower is more than one person or entity, then (a) all persons or entities comprising Borrower are jointly
and severally liable for all of the Borrower’s obligations hereunder; (b) all representations, warranties, and covenants
made by Borrower shall be deemed representations, warranties, and covenants of each of the persons or entities comprising Borrower;
(c) any breach, Default or Event of Default by any of the persons or entities comprising Borrower hereunder shall be deemed
to be a breach, Default, or Event of Default of Borrower; and (d) any reference herein contained to the knowledge or awareness
of Borrower shall mean the knowledge or awareness of any of the persons or entities comprising Borrower.

 

24. WARRANT OF
ATTORNEY FOR CONFESSION OF JUDGMENT.

 

(a) BORROWER DOES
HEREBY AUTHORIZE AND EMPOWER THE PROTHONOTARY, CLERK OF COURT OR ANY ATTORNEY OF ANY COURT OF RECORD OF THE COMMONWEALTH OF PENNSYLVANIA
OR ELSEWHERE, AFTER AN EVENT OF DEFAULT (AS SUCH TERM IS DEFINED IN THIS NOTE) TO APPEAR FOR AND CONFESS JUDGMENT AGAINST BORROWER
AND IN FAVOR OF LENDER, ITS SUCCESSORS OR ASSIGNS, AS OF ANY TERM, PAST, PRESENT OR FUTURE, WITH OR WITHOUT DECLARATION, FOR EACH
AND ALL OF THE FOLLOWING:

 

(i) THE UNPAID
PRINCIPAL SUM EVIDENCED BY THIS NOTE WITH ALL OF THE ACCRUED AND UNPAID INTEREST THEREON, WHETHER AT THE ORIGINAL INTEREST RATE,
THE DEFAULT RATE, OR BOTH, AS HEREIN PROVIDED;

 

    10

     

    

 

(ii) ALL OTHER
SUMS AS ARE DUE AND PAYABLE TO LENDER UNDER THE TERMS OF THIS NOTE OR UNDER THE TERMS OF ANY OF THE OTHER LOAN DOCUMENTS, EITHER
BY ACCELERATION OR OTHERWISE, INCLUDING WITHOUT LIMITATION, ALL PRE-DEFAULT OR POST-DEFAULT PREPAYMENT PREMIUMS PAYABLE UNDER THIS
NOTE;

 

(iii) THE
AGGREGATE OF ALL SUMS EXPENDED BY LENDER AT ANY TIME AND FROM TIME TO TIME, WHETHER PERMITTED UNDER THE TERMS OF THE LOAN DOCUMENTS,
PERMITTED BY LAW, OR PERMITTED BY STATUTE, (A) TO EXTINGUISH OR KEEP CURRENT, AS THE CASE MAY BE, ENCUMBRANCES AND LIENS ON
THE PROPERTY, (B) TO PRESERVE, PROTECT, DEFEND AND MAINTAIN THE PROPERTY, TO PAY REAL ESTATE TAXES, TO PAY INSURANCE PREMIUMS
OF ANY NATURE BEFITTING OR RELATING TO THE PROPERTY, TO PAY GROUND LEASE, CONDOMINIUM, COOPERATIVE, RECIPROCAL EASEMENT OBLIGATIONS,
RESTRICTIVE COVENANT MAINTENANCE OBLIGATIONS, AND OTHER SIMILAR FEES AND CHARGES, AND TO PAY ANY OTHER LIENABLE EXPENSES CHARGEABLE
AGAINST THE PROPERTY; (C) TO PRESERVE, PROTECT, DEFEND AND MAINTAIN THE LIEN PRIORITY OF THE SECURITY INSTRUMENT ON THE PROPERTY,
AND/OR (D) DUE TO AN EVENT OF DEFAULT UNDER THIS NOTE OR UNDER ANY OF THE OTHER LOAN DOCUMENTS; AND

 

(iv) THE COSTS
OF SUIT AND AN ATTORNEY'S FEE OF ONE PERCENT (1%) OF THE SUM OF ALL OF THE ITEMS (i), (ii), AND (iii) ABOVE FOR COLLECTION
(BUT NOT LESS THAN $10,000.00), AND ON WHICH JUDGMENT LENDER MAY ISSUE OR CAUSE TO BE ISSUED AN EXECUTION OR EXECUTIONS, WAIVING
APPRAISEMENT AS TO ANY PROPERTY LEVIED UPON BY VIRTUE OF ANY SUCH EXECUTION, ANY RIGHT TO A HEARING BEFORE EXECUTION ON ANY SUCH
JUDGMENT, AND ALL EXEMPTION FROM LEVY AND SALE OF ANY PROPERTY WHICH NOW OR HEREAFTER IS EXEMPT UNDER ANY ACT OF THE STATE WHEREIN
THE JUDGMENT IS ENTERED. NO SINGLE EXERCISE OF THIS WARRANT AND POWER TO CONFESS JUDGMENT SHALL BE DEEMED TO EXHAUST THIS POWER,
WHETHER OR NOT ANY SUCH EXERCISE SHALL BE STRICKEN, VACATED, REMOVED OR OTHERWISE HELD BY ANY COURT TO BE INVALID, VOIDABLE OR
VOID, BUT THIS POWER SHALL CONTINUE UNDIMINISHED AND MAY BE EXERCISED FROM TIME TO TIME AS OFTEN AS LENDER SHALL ELECT UNTIL THIS
NOTE AND ALL SUMS DUE HEREUNDER SHALL BE PAID IN FULL, AND BORROWER HAS PERFORMED ALL OF THE OTHER PROVISIONS HEREUNDER AND/OR
UNDER THE TERMS OF THE OTHER LOAN DOCUMENTS. BORROWER HEREBY AUTHORIZES LENDER TO REASSESS DAMAGES FROM TIME TO TIME AND AS OFTEN
AS LENDER DEEMS NECESSARY SO THAT ANY AND ALL JUDGMENTS CONFESSED HEREUNDER SHALL INCLUDE ALL SUMS LISTED UNDER SUBPARAGRAPHS (i)
THROUGH (iv) ABOVE AS THE SAME ARE INCURRED FROM TIME TO TIME, EVEN AFTER ENTRY OF JUDGMENT UNDER THIS WARRANTY OF ATTORNEY.

 

    11

     

    

  

(b) WARNING —
BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND A COURT TRIAL. A COURT JUDGMENT MAY BE TAKEN AGAINST YOU WITHOUT YOUR
PRIOR KNOWLEDGE AND THE POWER OF A COURT CAN BE USED TO COLLECT FROM YOU AND/OR TAKE YOUR PROPERTY REGARDLESS OF ANY CLAIMS YOU
MAY HAVE AGAINST THE LENDER WHETHER FOR FAILURE ON ITS PART TO COMPLY WITH THE TERMS OF THIS NOTE OR ANY OTHER CAUSE.

 

(c) Borrower, for itself
and on behalf of its successors and assigns, acknowledges and confirms that it has been advised by counsel and understands that
by signing this Warrant of Attorney for Confession of Judgment, a judgment for any amounts which may become due under this Note
and the Loan Documents may be entered against Borrower, without receiving prior notice of the entry of the judgment and without
an opportunity to present to the Court any defenses Borrower may have to the entry of the judgment, and Borrower voluntarily agrees
to the inclusion of the above Confession of Judgment provision in the Loan Documents, and agrees to be bound thereby.

 

	 	THORN HILL POSTAL REALTY HOLDINGS LLC, a Delaware limited liability company
	 	 
	 	By:	 /s/ Jeremy Garber 
	 	Name:   	Jeremy Garber
	 	Title: 	President

 

(d) The remedies of Lender
provided herein and in the other Loan Documents and the warrant of attorney herein or therein contained, are cumulative and concurrent,
and may be pursued singly, successively and together, at the sole discretion of the Lender, and may be exercised as often as occasion
therefor shall occur; and the failure to exercise any such right or remedy shall in no event be construed as a waiver or release
of the same.

 

(e) Borrower hereby releases
the Lender and its attorney or attorneys from all errors, defects and imperfections whatsoever of a procedural nature in entering
judgment by confession hereon as aforesaid or in issuing any process or instituting any proceedings relating thereto and hereby
waives all benefit that might accrue to the Borrower by virtue of any present or future laws exempting the Property, or any part
of the proceeds arising from any sale of the Property, from attachment, levy or sale under execution, or providing for any stay
of execution, exemption from civil process or extension of time. Borrower agrees that the Property may be sold to satisfy any judgment
entered on this Note or any of the other Loan Documents, in whole or in part and in any order desired by the Lender.

 

    12

     

    

 

(f) BORROWER ACKNOWLEDGES
THAT IT HAS BEEN REPRESENTED BY COUNSEL IN CONNECTION WITH THE EXECUTION AND DELIVERY OF THIS NOTE AND THAT IT UNDERSTANDS THIS
PROVISION FOR CONFESSION OF JUDGMENT, AND BORROWER WAIVES ANY RIGHT TO NOTICE OR A HEARING IT MIGHT OTHERWISE HAVE BEFORE ENTRY
OF JUDGMENT.

 

25. WAIVER OF JURY
TRIAL. BORROWER AND LENDER KNOWINGLY, IRREVOCABLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY RIGHT EITHER MAY HAVE TO A TRIAL
BY JURY IN RESPECT OF ANY ACTION, PROCEEDING OR COUNTERCLAIM BASED ON THIS NOTE, OR ARISING OUT OF, UNDER OR IN CONNECTION WITH
THIS NOTE, THE SECURITY INSTRUMENT, OR ANY OTHER LOAN DOCUMENTS OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENT (WHETHER
VERBAL OR WRITTEN) OR ACTIONS OF ANY PARTY HERETO OR TO ANY LOAN DOCUMENT. THIS PROVISION IS A MATERIAL INDUCEMENT FOR BORROWER
AND LENDER TO ENTER INTO THE LOAN.

 

	 	BORROWER /s/ JG
	 	 
	 	LENDER /s/ MM

 

26. WAIVER OF PREPAYMENT
RIGHT WITHOUT PREMIUM. BORROWER HEREBY EXPRESSLY WAIVES ANY RIGHT IT MAY HAVE UNDER APPLICABLE LAW TO PREPAY THIS NOTE, IN
WHOLE OR IN PART, WITHOUT PREPAYMENT PREMIUM, UPON ACCELERATION OF THE MATURITY DATE OF THIS NOTE, AND AGREES THAT, IF FOR ANY
REASON A PREPAYMENT OF ALL OR ANY PART OF THIS NOTE IS MADE, WHETHER VOLUNTARILY OR FOLLOWING ANY ACCELERATION OF THE MATURITY
DATE OF THIS NOTE BY LENDER ON ACCOUNT OF THE OCCURRENCE OF ANY EVENT OF DEFAULT ARISING FOR ANY REASON, INCLUDING, WITHOUT LIMITATION,
AS A RESULT OF ANY PROHIBITED OR RESTRICTED TRANSFER, FURTHER ENCUMBRANCE OR DISPOSITION OF THE PROPERTY OR ANY PART THEREOF SECURING
THIS NOTE, THEN BORROWER SHALL BE OBLIGATED TO PAY, CONCURRENTLY WITH SUCH PREPAYMENT, THE PREPAYMENT PREMIUM PROVIDED FOR IN THIS
NOTE OR, IN THE EVENT OF PREPAYMENT FOLLOWING ACCELERATION OF THE MATURITY DATE HEREOF WHEN THIS NOTE IS CLOSED TO PREPAYMENT,
AS PROVIDED IN THE SECURITY INSTRUMENT. BORROWER HEREBY DECLARES THAT LENDER’S AGREEMENT TO MAKE THE LOAN AT THE INTEREST
RATE AND FOR THE TERM SET FORTH IN THIS NOTE CONSTITUTES ADEQUATE CONSIDERATION, GIVEN INDIVIDUAL WEIGHT BY BORROWER, FOR THIS
WAIVER AND AGREEMENT.

 

[Balance of Page Intentionally Left
Blank]

 

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IN WITNESS WHEREOF
and intending to be legally bound, Borrower has duly executed this Note as of the date first above written.

 

	 	BORROWER:
	 	 	 
	 	THORN HILL POSTAL REALTY HOLDINGS LLC, a Delaware limited liability company
	 	 	 
	 	By:	/s/ Jeremy Garber
	 	Name:  	Jeremy Garber
	 	Title:	President

 

Signature Page – Promissory Note
(NUFIC)

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