JAMBOREE HOUSING CORPORATION (2)

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APPENDIX I (Appendix I - Definitions) As used in the agreement to which this Appendix I is attached, and as used in this Appendix I, the following terms shall have the indicated meanings: "Allocation Committee" shall mean the California Tax Credit Allocation Committee and any successor governmental agency appointed to carry out the obligations of the Allocation Committee. "Bank" shall mean MUFG Union Bank, N.A. "Borrower" shall mean Santa Ana Village LP, a California limited partnership. "Carryover Allocation" shall mean that certain Carryover Allocation dated 20, executed by the Allocation Committee in favor of Borrower. "Code(s)" shall mean the Internal Revenue Code of 1986, as amended from time to time, or the corresponding provisions of any successor Federal Income Tax Law and, if applicable, the California Revenue and Taxation Code, as amended from time to time, or the corresponding provisions of any successor State Income Tax Law. Any reference to a particular provision of the Code(s) shall include any amendment of such provision or the corresponding provision of any successor Federal Income Tax Law or State Income Tax Law. "Deed of Trust" shall mean that certain Construction and Permanent Deed of Trust, Assignment of Rents, Security Agreement and Fixture Filing of even date of the Note, executed by Borrower for the benefit of Bank and encumbering the Property. "Final Reservation" shall mean that certain Final Reservation Letter to be issued by the Allocation Committee in connection with the Tax Credits. "General Partner(s)" shall mean JHC-Santa Ana Village LLC, a California limited liability company. "Improvements" shall mean a 76 -unit low income apartment complex, together with all related appurtenances to be constructed on the Property. "Loan" shall mean the $21,424,775 construction loan to be made by Bank to Borrower. "Loan Agreement" shall mean the Construction and Permanent Loan Agreement dated December 7, 2018, executed by Borrower and Bank. "Note" shall mean that certain Promissory Note Secured by Deed of Trust (Construction and Permanent Loan) in the original principal amount of Twenty -One Million Four Hundred Twenty -Four Thousand Seven Hundred Seventy -Five and No/100th Dollars ($21,424,775), dated of even date herewith, executed by Borrower in favor of Bank. "Partnership Agreement" shall mean Borrower's agreement of limited partnership dated December 7, 2018, as the same has been or may be amended from time to time. "Preliminary Reservation" shall mean that certain Preliminary Reservation Letter dated June 13, 2018, issued by the Allocation Committee. "Project" shall mean the Property and the Improvements. APPENDIX I 4821-4251-8639v.4 0096250-000012