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73495086v3 <br /> <br /> <br /> <br /> S10-1 <br /> <br />SCHEDULE 10 <br />FORM OF FINAL USE OF PROCEEDS COMPLIANCE CERTIFICATE <br />_________ ___, 20__ <br />Allianz Life Insurance Company of North America, as Funding Lender <br />c/o R4 Capital Funding LLC <br />780 Third Avenue, 16th Floor <br />New York, NY 10017 <br /> <br />R4 Servicer LLC, as Controlling Person <br />155 Federal Street, Suite 1400 <br />Boston, MA 02110 <br />Attention: Greg Doble <br /> <br />Re: Twin Lake Apartments (the “Project Facilities”) <br />Ladies and Gentlemen: <br />The undersigned, being the owner of the Project Facilities hereby certifies to Allianz Life Insurance <br />Company of North America, as the Funding Lender (the “Funding Lender”) and R4 Capital Funding LLC, <br />as Controlling Person (the “Controlling Person”) that; <br />(i) no less than 95% of the proceeds of the Funding Loan has been or will be spent for <br />Qualified Project Costs of the Project Facilities as required by Section 142(a) of the Internal Revenue Code. <br />(ii) not less than 50% of the land and basis of the Project Facilities has been financed with the <br />proceeds of the Funding Loan for purposes of Section 42(h)(4). <br />Attached hereto is the Cost Certification evidencing compliance with the foregoing and showing <br />all costs of the Project Facilities, the amounts expended, for each category of cost, the source of funds <br />therefor, and a calculation of the percentage of the net proceeds of the Funding Loan expended. <br />Capitalized terms used herein and not defined shall have the meanings ascribed to such terms in <br />the Funding Loan Agreement dated as of June 1, 2022 among the Funding Lender, the Fiscal Agent and <br />City of Little Canada, Minnesota.