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<br />S11-2 <br />Little Canada-Lupe - Borrower Loan Agreement - LC Apartments(199386221.3) - 5/12/2026 6:38:21 PM <br />8. Attached hereto is a copy of the Stabilization test showing the calculation of Stabilization. <br />Capitalized terms used herein and not defined shall have the meanings ascribed thereto in the <br />Funding Loan Agreement dated as of June 1, 2026 among the Funding Lender, the Fiscal Agent and the <br />City of Little Canada, Minnesota. <br /> LC APARTMENTS, LP, a Minnesota limited <br />partnership <br /> <br />By: LC Affordable GP LLC, <br />a Minnesota limited liability company, <br /> its General Partner <br /> <br />By:____________________________ <br />Name: Steven M. Minn <br /> Its: Chief Manager <br /> <br />Accepted and agreed to by: <br />R4 Servicer LLC, as Controlling Person <br />By:__________________________ <br />Name: <br />Title: <br />Effective Date: <br />