Lender: Bank of America Borrower: Golden Rain Foundation of Laguna Woods Guarantor: Golden Rain Foundation of Laguna Woods, as Trustee of the Golden Rain Foundation of Laguna Woods Trust Recreation Master Plan $10,000,000 Real Estate Loan

Fees and Expenses $3,575.Appraisal Fee $40,000.Loan Fee $12.Flood Certificate $43,587. Bank Transaction Costs $9,387.Escrow Fees $24,250.Legal Fees and Expenses $77,212.TOTAL

Collateral Property (2 nd deed of trust) El Toro Road, Laguna Hills, California (existing debt $3.1 million - 1 st deed of trust) Insufficient equity to secure 100% of loan Cash Collateral Account $2,961, withheld from loan amount and added to existing B of A time deposits account to meet minimum requirement of $4,447, to secure 100% of the loan. This balance may be reduced in the future as principal is paid or if GRF gets a higher appraisal on the property.

Interest Rates a)B of A LIBOR Rate swapped for fixed rate through an ISDA Agreement b)2.67% ISDA Fixed Rate c)1.60%B of A Applicable Margin (Principal Depository Rate) 4.27%Fixed Interest Rate LIBOR Rate - British Banker’s Association Floating Rate ISDA – International Swaps and Derivatives Assoc. Inc.

Repayment Terms September 1, 2013 interest and principal payments. (2.67% from 8/5/13 and 1.60% from 8/21/13) Repay principal in equal installments ($55,555.56) 15 year loan fully amortizing 9/1/2013 – 8/1/2028

PRINCIPAL BALANCEMONTHYEAR 4.27% PRINCIPAL PAYMENT PAYMENTACCUMULATED INT 10,000,000.00SEPTEMBER2013 $ 22, , $ 78, $ 22, ,944, OCTOBER2013 $ 35, , $ 90, $ 58, ,888, NOVEMBER2013 $ 35, , $ 90, $ 93, ,833, DECEMBER2013 $ 34, , $ 90, $ 128, ,777, JANUARY2014 $ 34, , $ 90, $ 163, ,722, FEBRUARY2014 $ 34, , $ 90, $ 197, ,666, MARCH2014 $ 34, , $ 89, $ 232, ,611, APRIL2014 $ 34, , $ 89, $ 266, ,555, MAY2014 $ 34, , $ 89, $ 300, ,500, JUNE2014 $ 33, , $ 89, $ 334, ,444, JULY2014 $ 33, , $ 89, $ 367, ,388, AUGUST2014 $ 33, , $ 88, $ 401, ,333, SEPTEMBER2014 $ 33, , $ 88, $ 434, ,277, OCTOBER2014 $ 33, , $ 88, $ 467, ,222, NOVEMBER2014 $ 32, , $ 88, $ 500, ,166, DECEMBER2014 $ 32, , $ 88, $ 532,990.17

Covenants To use the Loan proceeds only for payment of costs and expenses incurred in connection with capital improvements to the Property and/or other real property owned by Borrower and/or Guarantor. Financial Covenants are essentially the same as the existing loan so there is no impact on GRF.

Prepayment No penalty on the underlying Agreement if the prepayment is made on a Libor Rate Reset Date. (12 days per year) No penalty on ISDA Agreement but as market interest rates go up or down prepayment may result in a loss or gain for GRF.

Signatures Golden Rain Foundation of Laguna Woods, a California non-profit mutual benefit corporation Lynne C. Dvorak, President Marvin Rosenhaft, VP GRF Loan Documents were reviewed by: – An independent 3 rd party for B of A (as required by bank regulations) – GRF Corporate Attorney