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IN WITNESS '~-IHEREOF, the undersigned has duly executed and delivered this Borrower Loan <br />Agreement or caused this Borrower Loan Agreement to be duly executed and delivered by its authorized <br />representative as of the date first set forth above. The undersigned intends that this instrument shall be <br />deemed to be signed and delivered as a sealed instrument. <br />BORROWER: <br />WASHINGTON PLACE PARTNERS, LP, <br />a California limited partnership <br />By: Washington Place Management, LLC, <br />a California limited liability company, <br />its Administrative General Partner <br />By: <br />David A. Beacham, Authorized <br />Signatory <br />By: Hearthstone Housing Foundation, <br />a California nonprofit public benefit <br />corporation, its Managing General Partner <br />By: <br />Socorro Vasquez, Executive Director <br />(signatures follow on subsequent page) <br />C:1UsersltadlDesktoplSanta Ana HA Washington Place <br />BLA.doc <br />DRAFT 11/28/12 8:41AM <br />