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Simple Construction Loan Agreement

This SECOND AMENDMENT TO THE CONSTRUCTION LOAN AGREEMENT is part of the construction loan agreement (loan n°***) of 26 January 2015, including any modification thereof, which is part of the construction loan agreement and is executed under a loan or other financial arrangements between lender and borrower. This construction loan agreement (this “contract”) will be concluded on July 9, 2013 between borrowers, lenders and contractors identified and whose addresses are indicated below. This agreement concerns the method of payment of the proceeds of the loan of the loan to the benefit of the borrower for the renovation and / or renovation of the improvements made to the property as part of the rehabilitation program of the dwellings occupied by the lender. The note is secured by instructions on the property and improvements to the mechanic`s deposit contract and trust deed. A construction credit agreement is a contract between a borrower and a lender. It explains the essential terms of the loan, such as the amount borrowed and the timing for the payment of the loan. An effective credit agreement also includes the commitments made by the borrower to the lender. For example, a lender wants the borrower to promise to complete the job on time, obtain the necessary authorizations, and take out specific insurance. This construction credit agreement will be entered into effective March 29, 2018 by and between state Farm LIFE INSURANCE COMPANY, an Illinois (State Farm) company and TRADEPORT DEVELOPMENT VI, LLC (“Borrower”) for a loan totaling up to $14,287,500.00. For a good and valuable consideration, the maintenance and suitability of which are confirmed, the parties agree that this construction loan agreement will be entered into on August 3, 2016 from and between ZALANTA RESORT AT THE VILLAGE, LLC, a limited liability company in California (ZRV), and ZALANTA RESORT AT THE VILLAGE – PHASE II, LLC, a limited liability company in California (“ZRVII”) and individually and collectively, jointly and severally with ZRV, the “Borrower”) whose registered office is at 2221 Olympic Boulevard, Walnut Creek, California 94595, and WESTERN ALLIANCE BANK, an Arizona corporation (“Lender”), whose mailing address is 5335 Kietzke Lane, Suite 200, Reno, Nevada 89511.

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