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<br />S12-1 <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 /> <br />5. Professional Liability/Errors & Omissions <br />a) Named Insured: Services Provider (or Consultant) and their respective employees, <br />agents, subsidiaries, and affiliates. <br />b) Additional Insureds: “Partnership”, “General Partner”, “Limited Partner, ISAOA” <br />and R4 Capital LLC (for R4 Equity) and “Fiscal Agent or Trustee”, R4 Capital <br />Funding LLC and R4 Servicer LLC (for R4CF Debt) <br />c) Limit: $1,000,000 per claim and annual aggregate <br />d) Form: Claims made <br />e) Policy Description of Work: If work is different than the delivery of social and / or <br />human services and / or the entity’s license / certification (i.e., social or service <br />workers performing typical human services work, etc. then policy description of “scope <br />of work” must be provided) <br />f) Coverage must be maintained for a minimum period of three years post contract completion. <br /> <br />6. Fidelity Bond – required for all entities that handle partnership funds (including <br />in-place rehabs and properties in permanent insurance phase). <br />a) Named Insured: Services Provider <br />b) Joint Loss Payee: Partnership <br />c) Coverage: is to be provided for loss of General Partner’s and Limited Partner’s money <br />and securities resulting from dishonesty of Named Insured’s employees. In addition, <br />coverage is to be provided for theft of resident’s property and facility property. <br />d) Limit: Regarding money and securities, the amount is equal to six months’ gross <br />rents and for theft of resident’s property and facility’s property, the amount is a <br />minimum of $100,000. <br /> <br /> <br />Balance of this page left blank intentionally. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />