1. 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

2. 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

3. Collateral Property (2 nd deed of trust) 24351 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 $2,961,782.22 withheld from loan amount and added to existing B of A time deposits account to meet minimum requirement of $4,447,312.97 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.

4. 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.

5. 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

6. PRINCIPAL BALANCEMONTHYEAR INT @ 4.27% PRINCIPAL PAYMENT PAYMENTACCUMULATED INT 10,000,000.00SEPTEMBER2013 $ 22,962.3855,555.555 $ 78,517.93 $ 22,962.38 9,944,444.445OCTOBER2013 $ 35,385.6555,555.555 $ 90,941.20 $ 58,348.03 9,888,888.890NOVEMBER2013 $ 35,187.9655,555.555 $ 90,743.52 $ 93,535.99 9,833,333.335DECEMBER2013 $ 34,990.2855,555.555 $ 90,545.83 $ 128,526.27 9,777,777.780JANUARY2014 $ 34,792.5955,555.555 $ 90,348.15 $ 163,318.86 9,722,222.225FEBRUARY2014 $ 34,594.9155,555.555 $ 90,150.46 $ 197,913.77 9,666,666.670MARCH2014 $ 34,397.2255,555.555 $ 89,952.78 $ 232,310.99 9,611,111.115APRIL2014 $ 34,199.5455,555.555 $ 89,755.09 $ 266,510.53 9,555,555.560MAY2014 $ 34,001.8555,555.555 $ 89,557.41 $ 300,512.38 9,500,000.005JUNE2014 $ 33,804.1755,555.555 $ 89,359.72 $ 334,316.55 9,444,444.450JULY2014 $ 33,606.4855,555.555 $ 89,162.04 $ 367,923.03 9,388,888.895AUGUST2014 $ 33,408.8055,555.555 $ 88,964.35 $ 401,331.83 9,333,333.340SEPTEMBER2014 $ 33,211.1155,555.555 $ 88,766.67 $ 434,542.94 9,277,777.785OCTOBER2014 $ 33,013.4355,555.555 $ 88,568.98 $ 467,556.37 9,222,222.230NOVEMBER2014 $ 32,815.7455,555.555 $ 88,371.30 $ 500,372.11 9,166,666.675DECEMBER2014 $ 32,618.0655,555.555 $ 88,173.61 $ 532,990.17

7. 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.

8. 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.

9. 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