Document:

exhibit101_sunsetgardner

                          LOAN   MODIFICATION     AGREEMENT           This  Loan   Modification  Agreement   (hereinafter “the  Agreement”)   is made   July 20, 2020, by and between SUNSET  & GARDNER     INVESTORS    LLC, a Colorado limited   liability company (hereinafter “Borrower”) and LONE OAK FUND,   LLC, a California limited   liability company (hereinafter “Lender”) with respect to the following:                                         RECITALS         A.     On October 26, 2018, Lender funded a loan (the “Loan”) to Borrower in the original  principal amount of $8,700,000.00.         B.     The Loan  is evidenced by that certain Promissory Note dated October 18, 2018,  executed by Borrower and payable to Lender in the principal sum of $8,700,000.00 (the “Note”).  The Note is secured by a Deed of Trust with Absolute Assignment of Leases and Rents, Security  Agreement  and Fixture Filing dated October 18, 2018, executed by Borrower as Trustor for the  benefit of Lender  as Beneficiary, and recorded on  October 29, 2018  as  Instrument No.  20181094158  in Official Records of Los Angeles County, California (the “Deed of Trust”). The  Deed of Trust presently encumbers that certain real property (the “Mortgaged Property”) situated  in the City of Los Angeles, County of Los Angeles, State of California, described as follows:  PARCEL   1: (PARCEL NO. 5550-013-022)  THAT  PORTION  OF THE”  LOS ANGELES   AND  PACIFIC RAILWAY,   35 FEET WIDE”, AS SHOWN ON  PLAT OF  “A, GARDNER’S  WEST   OF HOLLYWOOD     SUBDIVISION”,  IN THE  CITY OF  LOS ANGELES,  COUNTY   OF  LOS ANGELES,   STATE  OF CALIFORNIA,  AS PER  MAP  RECORDED   IN BOOK  I PAGE  20 OF MAPS, IN THE  OFFICE OF  THE COUNTY   RECORDER    OF SAID  COUNTY, DESCRIBED   AS FOLLOWS:  BEGINNING   AT A POINT  IN THE WESTERLY    LINE OF LOT 2 OF SAID  “A”, GARDNER’S  WEST OF HOLLYWOOD     SUBDIVISION”,  DISTANT   NORTHERLY    THEREON   122.90 FEET FROM  THE SOUTHWESTERLY      CORNER   OF  SAID LOT;  THENCE   EASTERLY   ALONG    A LINE  DRAWN PARALLEL   WITH  THE  NORTHERLY     LINE OF  THE  LOT  TO THE  INTERSECTION    OF SAID PARALLEL   LINE  WITH  THE  NORTHWESTERLY      LINE  OF  THE  SAID  LOS  ANGELES   AND PACIFIC  RAILWAY    AND  THE  TRUE   POINT  OF BEGINNING;    THENCE   NORTHASTERLY                                                                   Borrower  Initials

 

  ALONG   THE SAID  NORTHWESTERLY      LINE  TO A LINE  PARALLEL   WITH   AND  50.00 FEET   SOUTHERLY   MEASURED     AT RIGHT  ANGLES   FROM  THE  SOUTHERLY    LINE  OF THE LAND   CONVEYED   TO  THE LOS  ANGELES   CITY SCHOOL   DISTRICT OF  LOS ANGELES   COUNTY,  BY   DEED   RECORDED     IN  BOOK    3510  PAGE    287, OF   OFFICIAL   RECORDS;    THENCE   SOUTHEASTERLY      ALONG     A   LINE   DRAWN     AT   RIGHT    ANGLES    FROM    SAID  NORTHWESTERLY        LINE   TO   THE    CENTERLINE     OF   SAID   RAILWAY;     THENCE   SOUTHWESTERLY     ALONG   SAID CENTERLINE   TO A LINE DRAWN    AT RIGHT  ANGLES  FROM  SAID   NORTHWESTERLY      LINE  AND   WHICH   PASSES   THROUGH    THE  TRUE   POINT  OF  BEGINNING;THENCE      NORTHWESTERLY       THEREON     TO  THE   SAID  TRUE    POINT  OF  BEGINNING.   PARCEL   2: (PARCEL NO. 5550-013-0 19)   THAT  PORTION   OF THE  LOS ANGELES   AND  PACIFIC  RAILWAY,   35 FEET WIDE, AS SHOWN  ON  PLAT  QF”A  GARDNER’S   WEST  OF  HOLLYWOOD     SUBDIVISION”,  IN TI-lB CITY OF LOS  ANGELES,   COUNTY   OF LOS  ANGELES,  STATE  OF CALIFORNIA,   AS PER MAP  RECORDED    IN   BOOK   I PAGE 20 OF MAPS,  IN THE OFFICE  OF THE COUNTY    RECORDER   OF SAID  COUNTY,  DESCRIBED   AS FOLLOWS:   BEGINNING   AT  THE  SOUTHWEST    CORNER   OF  LOT  2 OF SAID  “A, GARDNER’S   WEST  OF  HOLLYWOOD     SUBDIVISION”;   THENCE   NORTH   ALONG   THE  WEST  LINE  OF SAID  LOT, A  DISTANCE   OF 122.90 FEET;THENCE   EAST  PARALLEL   WITH  THE SOUTH   LINE OF SAID LOT  TO THE  NORTHWESTERLY      LINE OF SAID  LOS ANGELES   AND  PACIFIC RAILWAY    AND THE  TRUE  POINT  OF BEGINNING;  THENCE   SOUTHEASTERLY     ALONG   A LINE DRAWN   AT RIGHT  ANGLES   TO  SAID  NORTHWESTERLY       LINE  TO THE   CENTERLINE    OF SAID   RAILWAY;  THENCE   SOUTHWESTERLY     ALONG   SAID CENTERLINE   TO THE  EASTERLY   PROLONGATION  OF THE  SOUTH  LINE OF SAID  LOT 2; THENCE  WESTERLY   ALONG   SAID PROLONGATION     TO  THE NORTHWESTERLY      LINE  OF SAID RAILWAY;   THENCE   NORTHEASTERLY     ALONG   SAID  NORTHWESTERLY      LINE TO THE  TRUE  POINT OF BEGINNING.   PARCEL  3: (PARCEL  NO. 5550-013-0 15)   THAT  PORTION  OF LOT  2 OF “A, GARDNER’S  WEST  OF HOLLYWOOD     SUBDIVISION”,  IN THE  CITY OF  LOS ANGELES,   COUNTY   OF LOS  ANGELES,  STATE  OF  CALIFORNIA,  AS  PER MAP   RECORDED    IN BOOK  I PAGE 20 OF MAPS,  IN THE OFFICE  OF THE  COUNTY   RECORDER    OF  SAID COUNTY,   DESCRIBED   AS FOLLOWS:   BEGINNING   AT  THE  SOUTHWEST    CORNER   OF  SAID  LOT; THENCE   NORTH   ALONG   THE  WEST  LINE OF SAID LOT,  122.90 FEET; THENCE EAST  PARALLEL   WITH  THE SOUTH   LINE OF  SAID LOT  TO  A POINT  IN THE  NORTHWESTERLY      LINE  OF LOS  ANGELES   AND   PACIFIC  RAILWAY    RIGHT  OF  WAY;  THENCE    IN A  SOUTHWESTERLY      DIRECTION   ALONG   THE NORTHWESTERLY      LINE  OF SAID  RIGHT  OF WAY   TO THE  SOUTHEAST    CORNER   OF SAID  LOT; THENCE  WEST  ALONG   THE  SOUTH  LINE OF SAID  LOT TO THE  POINT  OF BEGINNING.   PARCEL  4: (PARCEL NO. 5550-013-014)  THAT  PORTION   OF LOT  2 OF ‘A, GARDNER’S  WEST OF  HOLLYWOOD     SUBDIVISION”,  TN THE CITY  OF LOS  ANGELES,  COUNTY    OF LOS ANGELES,   STATE  OF CALIFORNIA,   AS PER  MAP RECORDED    IN BOOK   1,PAGE 20 OF MAPS,  IN THE OFFICE  OF THE  COUNTY   RECORDER   OF SAID  COUNTY,  DESCRIBED   AS  FOLLOWS:                             //                                         2                                                                   Bdrrower Initials

 

 BEGINNING   AT  A  POINT   IN THE  WESTERLY    LINE  OF  LOT  2, DISTANT   NORTHERLY  THEREON,   122.90 FEET FROM THE  SOUTHWESTERLY     CORNER   OF SAID LOT; THENCE   FROM  SAID  POINT OF  BEGINNING,   EASTERLY    ALONG   A LINE  DRAWN    PARALLEL   WITH  THE  NORTHERLY    LINE  OF SAID  LOT  TO THE  INTERSECTION    OF SAID  PARALLEL   WITH  THE  WESTERLY   LINE  OF THE  RIGHT  OF WAY  OF  THE PACIFIC  ELECTRIC   RAILROAD;  THENCE  NORTHEASTERLY      ALONG   SAID   WESTERLY    LINE  OF  SAID  RIGHT   OF  WAY   TO  ITS  INTERSECTION   WITH  A LINE DRAWN   PARALLEL   WITH  AND  DISTANT  50 FEET SOUTHERLY  AT RIGHTS  ANGLES   FROM  THE  SOUTHERLY    LINE OF THE  LAND  CONVEYED    TO  THE LOS  ANGELES   CITY  SCHOOL   DISTRICT  OF LOS  ANGELES   COUNTY,   BY  DEED  RECORDED    IN  BOOK  3510, PAGE   287, OF OFFICIAL  RECORDS    OF SAID  COUNTY;   THENCE   WESTERLY  ALONG  SAID  LAST  MENTIONED    PARALLEL   LINE TO A  POINT IN THE  WESTERLY   LINE OF  SAID LOT  2; THENCE  SOUTHERLY   ALONG   SAID  WESTERLY   LINE 80 FEET, MORE   OR LESS,  TO THE POINT  OF BEGINNING.   PARCEL  5: (PARCEL NO. 5550-013-02 1)  THAT   STRIP  OF  LAND   (THE  “STRIP’), THIRTY-FIVE   FEET  (35’) WIDE, MARKED    “LOS  ANGELES    PACIFIC RAILWAY”   BEING  A PART  OF  SECTION  9, TOWNSHIP   I SOUTH, RANGE  14 WEST,   SAN  BERNARDINO      BASE  AND   MERIDIAN    AND   SHOWN    AS  EXTENDING NORTHEAST     FROM  THE  NORTH   LINE  OF  SUNSET  BOULEVARD     TO  THE  WEST  LINE OF VISTA   STREET  ON  THE  MAP   OF A. GARDNER’S    WEST  OF  HOLLYWOOD      SUBDIVISION, RECORDED    IN BOOK   1, PAGE 20 OF MAPS, IN THE OFFICE  OF THE  COUNTY   RECORDER   OF LOS  ANGELES,    STATE  OF  CALIFORNIA,   AND   ON  THE  MAP   OF  A. GARDNER    TRACT RECORDED    IN BOOK  6, PAGE 107 OF MAPS, IN THE  OFFICE OF THE  COUNTY   RECORDER   OF SAID  COUNTY   BEING  A RESUBDI  VISION  OF LOTS  I, 3, AND 4 OF A. GARDNER’S  WEST  OF HOLLYWOOD     SUBDIVISION   AS RECORDED    IN MAP BOOK   I, PAGE 20 OF MAPS.  EXCEPTING   THEREFROM    THAT  PORTION  OF  THE “LOS ANGELES   PACIFIC RAILWAY”   STREP OF LAND   (35 FEET WIDE) A  SHOWN   ON THE  MAP  OF A GARDNER    TRACT,  IN THE CITY OF LOS  ANGELES,COUNTY     OF LOS ANGELES,   STATE  OF CALIFORNIA,   RECORDED   IN BOOK  6, PAGE   107 OF  MAPS.  IN THE  OFFICE  OF  THE  COUNTY    RECORDED    OF  SAID  COUNTY, DESCRIBED   AS FOLLOWS:   BEGINNING   AT THE  MOST  WESTERLY   CORNER   OF LOT  1, IN BLOCK 1 OF SAID A. GARDNER  TRACT;  THENCE   EASTERLY   ALONG  THE  SOUTHERLY    LINE OF SAID LOT  I A DISTANCE  OF 110.92 FEET;THENCE   NORTHERLY     ALONG   A LINE  DRAWN   AT  RIGHT  ANGLES    TO SAID SOUTHERLY     LINE, TO  THE  SOUTHEASTERLY      LINE  OF SAID  “LOS  ANGELES    PACIFIC RAILWAY”   STRIP OF  LAND  (35 FEET WIDE)AND   THE TRUE  POINT  OF BEGINNING;   THENCE NORTHWESTERLY      ALONG   A LINE DRAWN   AT  RIGHT  ANGLES   TO SAID SOUTHEASTERLY LINE, TO THE  CENTERLINE    OF SAID  STRIP OF LAND;  THENCE   NORTHEASTERLY      ALONG SAID CENTER   LINE  TO LINE DRAWN    AT RIGHT  ANGLES   TO  SAID SOUTHEASTERLY     LINE FROM  THE  MOST  NORTHERLY    CORNER   OF SAID LOT  1; THENCE  SOUTHEASTERLY     ALONG SAID LINE  SO DRAWN,   TO  SAID MOST  NORTHERLY    CORNER;   THENCE   SOUTHWESTERLY ALONG   SAID  SOUTHEASTERLY     LINE  OF SAID  STREP OF  LAND  TO  THE  TRUE  POINT  OF BEGINNING.  ALSO  EXCEPTING    THEREFROM    THAT   PORTION   OF  THE  “LOS  ANGELES   AND   PACIFIC RAILWAY,   35 FEET WIDE”, AS SHOWN   ON  PLAT OF  “A. GARDNER’S  WEST  OF HOLLYWOOD SUBDIVISION”,  IN THE   CITY OF  LOS  ANGELES,   COUNTY   OF  LOS  ANGELES,   STATE  OF CALIFORNIA,  AS PER  MAP  RECORDED   IN BOOK  I, PAGE 20 OF MAPS, IN THE OFFICE  OF THE COUNTY   RECORDER   OF  SAID COUNTY,   DESCRIBED   AS FOLLOWS:                                          3                          —                                                                  Borrower  Initials

 

                                                                  ________________     BEGINNING   AT A POINT IN THE WESTERLY    LINE OF LOT 2 OF SAID A. GARDNER’S   WEST OF   HOLLYWOOD     SUBDIVISION,   DISTANT   NORTHERLY     THEREON    122.90 FEET FROM   THE   SOUTHWESTERLY     CORNER    OF SAID  LOT;  THENCE   EASTERLY   ALONG   A  LINE  DRAWN   PARALLEL   WITH  THE  NORTHERLY    LINE  OF THE  LOT,  TO THE  INTERSECTION    OF SAID   PARALLEL   WITH  THE  NORTHWESTERLY      LINE OF THE  SAID LOS  ANGELES   AND  PACIFIC   RAILWAY   AND  THE  TRUE  POINT OF  BEGINNING;  THENCE   NORTHEASTERLY     ALONG   THE  SAID  NORTHWESTERLY      LINE TO  A LINE  PARALLEL   WITH  AND  50.00 FEET SOUTHERLY,  MEASURED    AT RIGHT  ANGLES,  FROM   THE SOUTHERLY    LINE OF THE LAND   CONVEYED   TO  THE   LOS  ANGELES    CITY  SCHOOL    DISTRICT  OF  LOS   ANGELES   COUNTY     BY DEED  RECORDED    IN BOOK   3510, PAGE 287 OF  OFFICIAL  RECORDS;   THENCE   SOUTHEASTERLY  ALONG   A  LINE DRAWN    AT RIGHT  ANGLES   FROM   SAID NORTHWESTERLY      LINE  TO THE  CENTER   LINE OF  SAID RAILWAY;   THENCE   SOUTHWESTERLY     ALONG   SAID  CENTER  LINE  TO  A LINE  DRAWN   AT  RIGHT  ANGLES  FROM   SAID NORTHWESTERLY      LINE  AND  WHICH  PASSES  THROUGH    THE TRUE  POINT  OF BEGINNING;  THENCE   NORTHWESTERLY      THEREON  TO  THE SAID TRUE  POINT  OF BEGINNING.   ALSO   EXCEPTING   THEREFROM     THAT   PORTION   OF THE   LOS  ANGELES   AND   PACIFIC  RAILWAY,   35 FEET WIDE,  AS SHOWN   ON  PLAT OF  “A. GARDNER’S  WEST  OF  HOLLYWOOD  SUBDIVISION”,   IN THE  CITY  OF LOS  ANGELES,   COUNTY    OF LOS  ANGELES,   STATE  OF   CALIFORNIA,   AS PER MAP  RECORDED    IN BOOK  1 ,PAGE 20 OF MAPS, IN THE OFFICE OF THE  COUNTY   RECORDER    OF SAID COUNTY,   DESCRIBED   AS FOLLOWS:   BEGINNING   AT  THE  SOUTHWEST    CORNER   OF  LOT  2 OF SAID  “A, GARDNER’S   WEST  OF  HOLLYWOOD     SUBDIVISION”;   THENCE   NORTH   ALONG   THE  WEST  LINE  OF SAID  LOT, A  DISTANCE   OF 122.90 FEET;THENCE   EAST  PARALLEL   WITH  THE SOUTH   LINE OF SAID LOT  TO THE  NORTHWESTERLY      LINE OF SAID  LOS ANGELES   AND  PACIFIC RAILWAY    AND THE  TRUE  POINT OF  BEGINNING;  THENCE   SOUTHEASTERLY     ALONG   A LINE DRAWN   AT RIGHT  ANGLES   TO  SAID  NORTHWESTERLY      LINE  TO  THE  CENTER   LINE  OF  SAID  RAILWAY;  THENCE  SOUTHWESTERLY      ALONG  SAID  CENTER  LINE TO THE  EASTERLY   PROLONGATION  OF THE  SOUTH  LINE OF SAID  LOT 2: THENCE  WESTERLY   ALONG   SAID PROLONGATION     TO  THE NORTHWESTERLY      LINE  OF SAID RAILWAY;   THENCE   NORTHEASTERLY     ALONG   SAID  NORTHWESTERLY     LINE  TO THE  TRUE POINT  OF BEGINNING.   ALSO  EXCEPTING    THEREFROM     THAT  PORTION   OF  THE  LOS  ANGELES    AND   PACIFIC  RAILWAY,   35 FEET WIDE, AS  SHOWN   ON PLAT  OF “A. GARDNER’S   WEST  OF HOLLYWOOD  SUBDIVISION”,  IN THE  CITY  OF  LOS  ANGELES.   COUNTY   OF  LOS  ANGELES,   STATE  OF  CALIFORNIA,  AS PER  MAP  RECORDED   EN BOOK  1, PAGE 20 OF MAPS. IN THE OFFICE OF THE  COUNTY   RECORDER   OF  SAID COUNTY,   DESCRIBED  AS  FOLLOWS:    BEGINNING   AT THE MOST   WESTERLY   CORNER   OF LOT  I OF SAID “A. GARDNER’S  WEST  OF  HOLLYWOOD    SUBDIVISION”;   THENCE  EASTERLY   ALONG   THE SOUTH   LINE OF SAID LOT  I,  A DISTANCE   OF  60.92 FEET; THENCE   NORTHERLY     ALONG,  A  LINE  DRAWN   AT  RIGHT  ANGLES  TO SAID  SOUTH  LINE TO  THE SOUTHEASTERLY     LINE OF SAID  LOS ANGELES   AND  PACIFIC  RAILWAY   AND   THE  TRUE  POINT  OF  BEGINNING;   THENCE   NORTHWESTERLY ALONG    A LINE  DRAWN    AT  RIGHT  ANGLES   TO  SAID  SOUTHEASTERLY     LINE,  TO THE CENTER   LINE OF  SAID RAILWAY;   THENCE   SOUTHWESTERLY      ALONG  SAID  CENTER   LINE TO  THE   WESTERLY    PROLONGATION     OF  THE  SOUTH   LINE  OF  SAID  LOT   1; THENCE EASTERLY    ALONG    SAID  PROLONGATION      TO  THE  SOUTHEASTERLY      LINE  OF  SAID RAILWAY;   THENCE   NORTHEASTERLY     ALONG   SAID  SOUTHEASTERLY     LINE TO THE  TRUE POINT  OF BEGINNING.                                          4                                                                   Borrower Initials

 

                                                                 ____________    ALSO  EXCEPT   THAT  PORTION   LYING  WITHIN  PARCEL   MAP  L.A. NO. 2005-7700, FILED IN  BOOK  362 PAGES  34 AND  35 OF PARCEL  MAPS  OF SAID COUNTY.   PARCEL  6: (PARCEL  NO. 5550-013-001)    THAT  PORTION  OF LOT  I IN BLOCK OF A. GARDNER   TRACT,  IN THE CITY OF LOS  ANGELES,  COUNTY   OF  LOS ANGELES,   STATE  OF CALIFORNIA,   AS PER  MAP  RECORDED    IN BOOK  6,  PAGE  107 OF MAPS,  IN THE OFFICE OF  THE COUNTY   RECORDER    OF SAID COUNTY,   LYING  WESTERLY   OF A LINE EXTENDING    NORTHERLY    AT RIGHT ANGLES   FROM  THE  SOUTH  LINE   OF SAID LOT  I FROM A POINT  IN SAID SOUTH  LINE THAT  IS DISTANT  EASTERLY   60.92 FEET  FROM  THE  MOST  WESTERLY    CORNER  OF  SAID LOT.   PARCEL  7:   AN EASEMENT    TO BE USED  IN COMMON    WITH  OTHERS  FOR  WALKWAY     PURPOSES,  OVER   THE EASTERLY   5 FEET OF THAT   PORTION  OF LOT  I IN BLOCK I OF A. GARDNER   TRACT, IN  THE CITY  OF LOS  ANGELES,  AS  PER MAP  RECORDED    IN BOOK  6, PAGE  107 OF SAID MAP  RECORDS,   LYING  WESTERLY    OF  A LINE  EXTENDING    NORTHERLY    AT  RiGHT  ANGLES   FROM   THE SOUTH   LINE  OF SAID  LOT  I FROM   A POINT  IN SAID  SOUTH   LINE THAT  IS  DISTANT  EASTERLY   65.92 FEET FROM  THE  MOST  WESTERLY   CORNER   OF SAID  LOT.   PARCEL  8: (PARCEL NO. 5550-013-020)   THAT  PORTION  OF THE  LOS  ANGELES   AND  PACIFIC RAILWAY,   35 FEET WIDE,  AS SHOWN  ON PLAT  OF  “A. GARNER’S   WEST  OF HOLLYWOOD     SUBDIVISION”,   IN THE  CITY OF LOS  ANGELES,  COUNTY   OF  LOS ANGELES,  STATE  OF CALIFORNIA,   AS PER  MAP  RECORDED   IN  BOOK  1, PAGE 20 OF MAPS,  IN THE OFFICE OF  THE COUNTY   RECORDER    OF SAID COUNTY,  DESCRIBED   AS FOLLOWS:    BEGINNING  AT  THE MOST   WESTERLY   CORNER   OF LOT I OF SAID ‘A. GARDNER’S   WEST OF  HOLLYWOOD    SUBDIVISION”;   THENCE  EASTERLY   ALONG   THE SOUTH   LINE OF SAID LOT  1, A  DISTANCE   OF  60.92 FEET; THENCE   NORTHERLY     ALONG   A  LINE DRAWN    AT  RIGHT ANGLES   TO SAID  SOUTH  LINE, TO THE SOUTHEASTERLY     LINE OF SAID  LOS ANGELES   AND PACIFIC  RAILWAY    AND   THE  TRUE  POINT  OF  BEGINNING;   THENCE   NORTHWESTERLY ALONG    A LINE  DRAWN    AT  RIGHT  ANGLES   TO  SAID  SOUTHEASTERLY     LINE, TO  THE CENTER   LINE OF  SAID RAILWAY;   THENCE   SOUTHWESTERLY     ALONG   SAID  CENTER  LINE TO  THE   WESTERLY    PROLONGATION     OF  THE  SOUTH   LINE  OF  SAID  LOT   I; THENCE EASTERLY    ALONG    SAID  PROLONGATION      TO  THE  SOUTHEASTERLY      LINE  OF  SAID RAILWAY;   THENCE   NORTHEASTERLY     ALONG   SAID  SOUTHEASTERLY     LINE TO THE  TRUE POINT  OF BEGINNING.         C.     As used herein, the term “Loan Documents” means the Note, Deed of Trust, the  Real  Property Loan Agreement  and  Escrow  Instructions dated October 18, 201 8, the Loan  Modification Agreement dated August 22, 2019, Assignment of Plans and Permits, and any other  documents  executed in connection with the Loan.                                           5                                                                   Borrower Initials

 

        D.    The current outstanding principal balance is $8,700,000.00.          E.    Borrower has requested an extension of the Maturity Date (as defined in the Loan   Documents), and Lender is willing to grant an extension of the Maturity Date upon the terms and   conditions set forth in this Agreement.                                    AGREEMENT         NOW,  THEREFORE,   it is agreed as follows:          1.   Incorporation of Recitals. The Recitals set forth above are true and correct.         2.    Affirmation of Loan and Release. Borrower reaffirms all of its obligations under   the Loan Documents, and Borrower acknowledges that it has no claims, offsets or defenses with   respect to the payment of sums due under the Loan Documents.         3.    Amendment of Loan Documents. The Loan Documents are hereby amended in the   following particulars only:               (a)   MATURITY   DATE:  The Maturity Date as set forth in the Note and all   other Loan Documents is changed to October 3 I, 2021.               (b)   INTEREST  RATE:   Borrower shall pay interest on the unpaid principal   balance of the Loan from and including November 1,2020 until paid, at the rate of SEVEN and   THREE  TENTHS   per cent (7.30%) per annum, payable interest only, or more, monthly,   continuing up to and including October 31, 2021, when the balance of principal and interest   remaining unpaid shall be due and payable.         4.    Conditions Precedent to Loan Modification. Before this Agreement becomes   effective and any party becomes obligated under it, all of the following conditions precedent shall   have been satisfied at Borrower’s sole cost and expense in a manner acceptable to Lender:               (a)   Lender shall have received a fully executed original of this Agreement on  or before October 15, 2020.                                      6                         /øI                                                            Borrower Initials

 

             (b)   A $87,000.00 fee shall have been paid to Lone Oak Industries, Inc.   (“Extension Fee”). Said Extension Fee is non-refundable. Upon execution of this Agreement,   Borrower authorizes Lender to debit $87,000.00 from Borrower’s account (on file) in payment of   said Extension Fee.         5.    Lender Without Cost. Lender shall be without cost or expense in this transaction,   and Borrower shall reimburse Lender for any costs or fees incurred in connection with this   Amendment.         6.    No Prejudice. This Agreement shall not prejudice any rights or remedies of Lender   under the Loan Documents.         7.    Loan Documents. Except as specifically hereby amended, the Loan Documents   shall remain unaffected by this Agreement and all such documents shall remain in full force and   effect. Nothing in this Agreement shall impair the priority of the lien of the Deed of Trust, which   as hereby amended shall remain one deed of trust with one power of sale, creating a first lien   encumbering the Property.         8.    General Release. In consideration of, among other things, the forbearance provided   herein, Borrower and each of their heirs, assigns, successors, representatives and affiliated   corporations, partnerships, companies, associations, entities and persons release Lender and any   parent, subsidiary and affiliated corporations and entities, owners, shareholders, directors, officers,   employees, partners, members, managers, agents, attorneys and representatives from any and all  actual or potential claims, obligations, debts and causes of action of any kind or nature whatsoever,  direct or indirect, whether known or unknown, anticipated, suspected, fixed, conditional, or  contingent that in any way relate to the Loan Documents or the Action through the date of this  Agreement, excepting only claims arising from a breach of this Agreement. This release is meant to address and settle all claims known or unknown that exist by Borrower/7/against Lender.                                     7                                                            Borrower Initials

 

                                                          ___________    Borrower expressly waives any provisions of application law in the State of California that   contemplates otherwise. Borrower acknowledges that they have been advised by legal counsel   and is familiar with the provisions of California Civil Code Section 1542. which provides as   follows: “A general release does not extend to claims which the creditor does not know or   suspect to exist in his or herfavor at the time of executing this release, which f known by him   or her must have materially affected his or her settlement with the debtor.” Being aware of this   code section. Borrower expressly waives and relinquishes all rights and benefits which he may   have thereunder as well as under any other statute or common law principle of similar effect and   that the releases provided for in the Agreement are general releases in favor of the Lender.         9.    Entire Agreement. The Loan Documents, including this Agreement: (a) integrate   all the terms and conditions mentioned in or incidental to the Loan Documents; (b) supersede all   oral negotiations and prior and other writings with respect to their subject matter; and (c) are   intended by the parties as the final expression of the agreement with respect to the terms and  conditions set forth in those documents and as the complete and exclusive statement of the terms  agreed to by the parties. If there is any conflict between the terms, conditions and provisions of  this Agreement and those of any other agreement or instrument, including any of the other Loan  Documents, the terms, conditions and provisions of this Agreement shall prevail. This Agreement  shall form a part of each Loan Document, and all references to a given Loan Document shall mean  that document as hereby modified.         10.  Counterparts. This Agreement and any attached consents requiring signatures may  be executed in counterparts, and all counterparts shall constitute but one and the same document.         11.  Miscellaneous. If any court of competent jurisdiction determines any provision of  this Agreement or any of the other Loan Documents to be invalid, illegal or unenforceable, that  portion shall be deemed severed from the rest, which shall remain in full force and effect as though                                      8                                                            Borrower Initials

 

                                                         __________   the invalid, illegal or unenforceable portion had never been a part of the Loan Documents, unless  to do so would materially impair the rights of Lender. This Agreement shall be governed by the  Jaws of the State of California.         Executed as of the date first above written at Los Angeles, California.                                      BORROWER:                                     SUNSET  & GARDNER   INVESTORS   LLC, a                                     Colorado limited liability company                                      By: SUNSET & GARDNER   LA  LLC, a                                     Colorado limited liability company,                                     Manager  //1                                     By                                           William R. Rothacker, Manager                                       LENDER:                                     LONE OAK  FUND, LLC, a                                     California limited liability company                                      By: LONE OAK INDUSTRIES  INC., a                                     California corporation, Manager                                       By_____________________________                                          James A. Rothstein, President                                                                  I,                                    9                                                           Borrower Initials

 

the invalid, illegal or unenforceable p01-lion had never been a part of the Loan Documents, unless   to do so would materially impair the rights of Lender. T’his Agreement shall be governed by the   laws of the State of California.          Executed as of the date first above written at Los Angeles, California.                                          BORROWER:                                         SUNSET  &  GARDNER    INVESTORS   LLC, a                                         Colorado limited liability company                                          By: SUNSET  & GARDNER    LA  LLC. a                                         Colorado limited liability company.                                         Manager                                           By                                               William R. Rotliacker, Manager                                           LENDER:                                         LONE  OAK  FUND,  tIC, a                                         California limited liability company                                          By: LONE OAK   INDUSTRIES   INC., a                                         California corporation, Manager                                          9                                                                 Borrower InitialsExhibit 10.1

 

AMENDMENT
TO THE

WALKER &
DUNLOP, INC.

MANAGEMENT
DEFERRED STOCK UNIT PURCHASE PLAN

 

THIS AMENDMENT TO THE
WALKER & DUNLOP, INC. MANAGEMENT DEFERRED STOCK UNIT PURCHASE PLAN (this “Amendment”),
is made and adopted as of November 3, 2020 by the Board of Directors (the “Board”) of Walker &
Dunlop, Inc., a Maryland corporation (the “Company”). Capitalized terms used but not otherwise defined
herein shall have the respective meanings ascribed to them in the Walker & Dunlop, Inc. Management Deferred Stock
Unit Purchase Plan (the “Plan”).

 

WHEREAS, the Plan may
be amended by the Board at any time; and

 

WHEREAS, the Board
desires to amend the Plan as set forth herein.

 

NOW, THEREFORE, BE
IT RESOLVED, that the Plan be and hereby is amended as follows:

 

		1.	Section 4(a) of the Plan is hereby amended by deleting the number “530,000”
and substituting the number “930,000” in lieu thereof.

 

		2.	This Amendment shall be and is hereby incorporated in and forms a part of the Plan.

 

		3.	Except as set forth herein, the Plan shall remain in full force and effect.

 

*        *        *

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