Security Interest. Evidence that all other actions necessary or, in the opinion of [[Organization B:Organization]], desirable to perfect and protect [[Organization B:Organization]]’s interest in the Purchased Assets and other Repurchase Assets have been taken, including, without limitation, UCC searches and duly authorized and filed Uniform Commercial Code financing statements on Form UCC-1.

Security Interest. On each Purchase Date, [[Organization C:Organization]] hereby sells, assigns and conveys all rights and interests in the Purchased Assets identified on the related Mortgage Loan Schedule and the Repurchase Assets related thereto. Although the parties intend that all Transactions hereunder be sales and purchases and not loans (other than as set forth in [Section 20] for U.S. tax purposes), in the event any such Transactions are deemed to be loans, and in any event [[Organization C:Organization]] hereby pledges to [[Organization B:Organization]] as security for the performance by [[Organization C:Organization]] of the Obligations and hereby grants, assigns and pledges to [[Organization B:Organization]] a fully perfected first priority security interest in:

Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the applicable Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the applicable Borrower reimburses such LC Disbursement, # in the case of any LC Disbursement denominated in US Dollars, and at all times following the conversion to US Dollars of an LC Disbursement made in another currency pursuant to paragraph [(e) or (o)])] of this Section, at the rate per annum then applicable to ABR Revolving Loans and # if such LC Disbursement is made in a currency other than US Dollars, at all times prior to any conversion to US Dollars pursuant to paragraph [(e) or (o)])] of this Section, at a rate equal to the applicable Foreign Currency Overnight Rate plus the Applicable Rate applicable to Term SOFR Revolving Loans at such time; provided that, if the applicable Borrower fails to reimburse such LC Disbursement when

Effective Date: , 20​ ​.

Default Interest. [[Organization B:Organization]] shall have the option in its sole and absolute discretion to have the outstanding principal balance of this Note and all other Obligations then due and owing under the Loan Documents bear interest at an increased rate per annum (computed on the basis of a 360-day year, actual days elapsed) equal to two percent (2.0%) above the rate of interest from time to time applicable to this Note upon the occurrence and during the continuance of any Event of Default.

Interest Rate. Interest on the Outstanding Principal Balance of the Loan shall accrue from the Closing Date at the Interest Rate until repaid in accordance with the applicable terms and conditions hereof.

Interest on the Outstanding Principal Balance shall be calculated by multiplying # the actual number of days elapsed in the period for which the calculation is being made by # a daily rate based on a three hundred sixty (360) day year (that is, the Interest Rate or the Default Rate, as then applicable, expressed as an annual rate divided by 360) by # the Outstanding Principal Balance. The accrual period for calculating interest due on each Payment Date shall be the Interest Period in which such Payment Date falls. ​ understands and acknowledges that such interest accrual requirement results in more interest accruing on the Loan than if either a thirty (30) day month and a three hundred sixty (360) day year or the actual number of days and a three hundred sixty-five (365) day year were used to compute the accrual of interest on the Loan. The following additional provisions shall apply and, subject to [Section 2.2.3] hereof, the Interest Rate shall be determined in accordance with this [Section 2.2.2]. Subject to a replacement of Term

Minimum Interest. In all events and under all circumstances and notwithstanding anything to the contrary contained in this Agreement, but subject to [Section 2.2.4], in connection with each and every Minimum Interest Principal Paydown, ​ shall be obligated to pay to ​ the applicable Minimum Interest Payment Amount. In furtherance of the foregoing, ​ expressly acknowledges and agrees that # ​ shall have no obligation to accept any prepayment or repayment of the Loan unless and until ​ shall have complied with this [Section 2.4.4] and ​ has deposited with ​ all Interest Shortfall and Breakage Costs, as applicable in accordance with [Section 2.4.1], # ​ shall have no obligation to release or, if requested by ​, assign the Note and Mortgage upon payment of the Debt unless and until ​ shall have received each and every Minimum Interest Payment Amount due under this [Section 2.4.4], together with all Interest Shortfall and Breakage Costs, as applicable in accordance with [Section 2.4.1], and # each and every prepayment of the Debt is subject to the terms of this Loan Agreement and nothing in this [Section 2.4.4] gives ​ any right to prepay any portion of the Debt. In the event that any Minimum Interest Payment Amount is due hereunder, ​ shall deliver to ​ a statement setting forth the amount and determination of the Minimum Interest Payment Amount. ​’s computation of the Minimum Interest Payment Amount shall be conclusive and binding on ​ for all purposes, absent manifest error, and ​’s calculation may be made by ​ on any day during the fifteen (15) day period preceding the date of such prepayment. ​ shall not be obligated or required to have actually reinvested the prepaid principal balance at the Benchmark or otherwise as a condition to receiving the Minimum Interest Payment Amount. ​ expressly acknowledges and agrees that the Minimum Interest Payment Amount shall constitute # additional consideration for the Loan and # a portion of the Debt, and shall, upon payment, be the sole and exclusive property of ​. Notwithstanding the foregoing or anything else herein to the contrary, payment of the Minimum Interest Payment shall be waived in connection with # prior to Completion, prepayment in full of the Loan in connection with a bona fide “arms-length” sale of the Property to a third party, which shall be no sooner than fifteen (15) days prior to the receipt by the ​ of all temporary certificates of occupancy for the Project and the Property required under applicable Legal Requirements and # after the Project is Complete, prepayment in full of the Loan.

Interest Shares. If so elected by the Investor for any Interest Payment Date, the number of Interest Shares to be issued to the Investor on such Interest Payment Date shall be calculated as follows:

Interest Rates. Each determination of an interest rate by the Administrative Agent pursuant to any provision of this Agreement shall be conclusive and binding on the Borrower and the Lenders in the absence of manifest error.