75B - PH - NEW PROPERTY OWNER 200 E FIRST AMERICAN WAY

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1 2 3 4 5 6 7 8 9 30 11 12 13 14 1s 16 17 18 19 20 21 22 23 24 25 26 27 28 PASTEMAK PASTERNAK 6 PATTON the proposed sale to Genesis; and 4. For such other Orders as the Court deems proper; the supporting Declarations of David D. Wald and David J. Pasternak; the supporting Memorandum of Points and Authorities; all pleadings and other documents in the Court's file for this action; and all other oral and documentary evidence presented at the hearing of the Receiver's $x Parts Application; and good cause appearing therefor; IT IS HEREBY ORDERED that: 1. The Receiver is authorized to borrow an additional $350,000 from secured lender Kurtin Properties, Inc. ("Kurtin"), which will be added to the existing loan which is secured by the first deed of trust on the receivership real property, to pay the attorneys fees and costs for the Receiver and his counsel through approximately $300,000 which will be transferred to the Receiver's trust account as a retainer for such purpose, and approximately $50,000 of which will be used to pay additional loan costs including funding an increased interest reserve for Kurtin's increased secured loan; 2. The Receiver is authorized to execute any documents, including revised loan documentation, which may be required to obtain the specified additional funding from Kurtin; 3. The Receiver is authorized to enter into a contract to sell the receivership real property located at 201 East First American Way in Santa Ana, California (the "Property") to Genesis Real Estate Group, Inc. ("Genesis") or its assignee for $14,800,000, with a $500,000 purchase deposit which is to be increased by $250,000 on waiver of contingencies, with a 30 day I non59R39-T 4 75B-23 BC 484 nii