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89 <br />Confidential Information of R4 Capital Funding LLC <br /> <br /> <br />Little Canada-Lupe - Borrower Loan Agreement - LC Apartments(199386221.3) - 5/12/2026 6:38:21 PM <br /> <br />R4 Capital Funding LLC <br />Tax Exempt Bond Investment Standards <br /> <br />v4.4 March 2022 <br /> <br />2. Commercial General Liability (“CGL”) Insurance. <br />a) Policy Form: An ISO-based occurrence form CGL policy (CG 00 01 or its equivalent) shall be used. <br />b) Named Insured: Partnership, and its respective employees, agents, subsidiaries and affiliates. A <br />copy of the policy declarations page showing the Partnership as “Named Insured”, or policy <br />endorsement showing the Partnership as “Additional Named Insured”, must be provided. <br />c) Additional Insureds: “Limited Partner, ISAOA” and R4 Capital LLC (for R4 Equity) and “Fiscal <br />Agent or Trustee” (as designated by R4CF), R4 Capital Funding LLC and R4 Servicer LLC (for <br />R4CF Debt). <br />d) Limits: <br />$2,000,000 general aggregate per project <br />$2,000,000 products-completed operations aggregate <br />$1,000,000 per occurrence bodily injury and property damage liability <br />$1,000,000 personal injury and advertising injury liability <br />$50,000 fire damage (per fire) to rented property <br />$5,000 medical payments <br />e) Aggregate: If the policy covers multiple locations, a per project aggregate limit is required and <br />must be endorsed onto the policy, using ISO Endorsement CG 25 03, or its equivalent. <br />f) Deductible: $25,000 maximum per occurrence. <br />g) Pollution: Pollution exclusion must specify that hostile fire or building heating equipment and <br />products is not excluded. <br />h) Additional Interests coverage: To be provided under ISO Endorsement CG 20 10, or its <br />equivalent, for the Additional Insureds listed above. Coverage is to be extended to include <br />completed operations under ISO Endorsement CG 20 37. Coverage is to apply on a primary <br />noncontributory basis when coverage under other policies are available to the additional insureds, <br />using CG 20 01, or its equivalent. If coverage is written on any other forms, copies must be <br />attached. <br />i) Construction-Related Activities: Coverage shall not limit liability arising from <br />construction related activities. <br />j) Unacceptable Exclusions: <br />(i) “Limitation of Coverage to Designated Premises or Project”, ISO CG 21 44 07 98, or its <br />equivalent <br />(ii) Residential work exclusions or limitations, or subcontractor warranty provisions <br />(iii) Professional Liability exclusions are not to apply to bodily injury, personal injury, or <br />property damage liability <br />