Aérilitle 2026-003082

o Klamath County, Oregon
' 04/08/2026 01:50:02 PM
Fee: $177.00

RECORDING REQUESTED BY AND
WHEN RECORDED MAIL TO:

Poppy Bank

438 1st Street

Santa Rosa, California 95401
Attention: Salma Bermudez

LINE OF CREDIT TRUST DEED: The maximum principal amount to be advanced pursuant
to the credit agreement secured by this line of credit trust deed is $64,820,603. The maturity date
of the credit agreement secured by this line of credit trust deed, exclusive of any option to renew
or extend such maturity date, is March 26, 2046.

The Tax Account No. for the real property covered by this Deed of Trust is 522045.

DEED OF TRUST, SECURITY AGREEMENT,
ASSIGNMENT OF LEASES AND RENTS AND FIXTURE FILING

(Klamath County, Oregon)

THIS DEED OF TRUST, SECURITY AGREEMENT, ASSIGNMENT OF LEASES
AND RENTS AND FIXTURE FILING (this "Deed of Trust") is made as of March 1, 2026, by
2437 KANE, LLC, a Delaware limited liability company, and KLAMATH FALLS AL, LLC, a
Delaware limited liability company (collectively, "Grantor"), to OLD REPUBLIC TITLE, LTD.
("Trustee"), for the benefit of POPPY BANK, a California banking corporation ("Beneficiary").

ARTICLE1
GRANTS AND OBLIGATIONS SECURED

1.1.  Real Property. Grantor irrevocably gré.nts, transfers and assigns to Trustee, in
trust, with power of sale, all of its right, title and interest in and to the following property, which
Grantor now owns or may acquire later:

(a) the real property more particularly described on Exhibit A (the "Land")
including the leasehold estate and lease created pursuant to the Lease Agreement dated
September 30, 2024 between the Grantor (the "Lease Agreement");

(b)  all buildings and other improvements located on or appurtenant to the
Land and all machinery, equipment, appliances, tooling, furniture, fixtures, goods and other
articles of real and personal property, affixed to or placed upon the Land or such buildings or
other improvements (the "Improvements");

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(c) all licenses, privileges, tenements, hereditaments and appurtenances of or
to the Land or the Improvements, including, without limitation, all rights-of-way, easements, any
land lying within the right-of-way of any street, open or proposed, adjoining the Land, all water
rights and shares of stock evidencing such rights, all oil and gas and other mineral rights and all
sidewalks, alleys and strips and gores of land adjacent to or used in connection with the Land;
and

(d) all claims and demands, including claims or demands with respect to the
proceeds of insurance, in effect with respect to the Land or the Improvements, and all awards
made for the taking by eminent domain, or by any proceeding of purchase in lieu of any such
taking, of all or any part of the "Property” (as defined below).

1.2. Rents. Grantor assigns to Beneficiary all rents, issues, profits, royalties, income,
rights to payment and other benefits (collectively, the "Rents") derived from any lease, sublease,
license, franchise or concession or other agreement (collectively, the "Leases') affecting the
Land or the Improvements or their use or occupancy, all of Grantor's interest in the Leases, all
guaranties of any obligation of any lessee or other party to any Lease (a "Lessee") and the right
of Grantor to alter, amend, modify or terminate the Leases or any of their terms.

The property described in Sections 1.1 and 1.2 above (including, without limitation, the Lease
Agreement) is referred to in this Deed of Trust as the "Real Property."

1.3.  Personal Property. Grantor grants a security interest to Beneficiary in, and
assigns to Beneficiary, all of Grantor's right, title and interest in and to the following property
and all proceeds of such property, which Grantor now owns or may acquire later:

(@) all goods and tangible personal property located on the Real Property or
wherever located if used or useable in connection with the use, operation or occupancy of the
Real Property, including, without limitation, all appliances, furniture and furnishings, fittings,
materials, supplies, equipment, fixtures and building materials, whether stored on the Real
Property or elsewhere;

(b)  all general intangibles relating to design, development, operation,
management and use of the Real Property and construction of the Improvements, including,
without limitation, (i) all names under which or by which the Real Property may at any time be
operated or known, all rights to carry on business under any such names or any variant of such
names, and all goodwill in any way relating to the Real Property, (ii) all permits, licenses,
authorizations, variances, land use entitlements, approvals and consents issued or obtained in
connection with the construction or rehabilitation of the Improvements or the use, occupancy or
operation of the Real Property, (iii) all rights as a declarant (or its equivalent) under any
covenants, conditions and restrictions or other matters of record affecting the Real Property, (iv)
all materials prepared for filing or filed with any governmental agency and (v) all rights under
any contract entered into with contractors, architects, designers, engineers, consultants,
managers, brokers and similar persons in connection with the development, design, use,
operation, management and improvement of the Real Property; :

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(©) all architectural drawings, plans, specifications, soil tests and reports,
feasibility studies, appraisals, engineering reports, financial analyses and reports and similar
materials relating to the Real Property;

(d)  all payment and performance bonds or guarantees relating to the Real
Property; '

(e)  all reserves, deferred payments, deposits, refunds (including, without
limitation, tax and insurance refunds), costs savings and payments of any kind relating to the
improvement, design, development, operation, occupancy, use and disposition of the Real
Property;

® all proceeds and claims arising on account of any damage to or taking of
the Property, including, without limitation, claims under insurance policies, and all causes of
action and recoveries for any loss or diminution in the value of the Property;

(g)  all policies of insurance relating to the Property, irrespective of whether
Beneficiary requires Grantor to obtain or maintain such policies, all riders, amendments,
renewals, supplements or extensions of such policies; the right to assert, prosecute and settle
claims under such policies; the right to receive payments of proceeds of such policies; and all
Jjudgments, claims, compensation, awards, settlements and proceeds of or with respect to any of
the foregoing;

(h)  all deposits made with or other security given to utility companies or
governmental entities by Grantor with respect to the Real Property, and all advance payments of
insurance premiums made by Grantor with respect to the Real Property;

() all shares of stock or other evidence of ownership of any part of the
Property that is owned by Grantor in common with others, including all water stock relating to
the Real Property, if any, and all documents or rights of membership in any owners' or members'
association or similar group having responsibility for managing or operating any part of the Real
Property;

() all proceeds, whether cash, promissory notes, contract rights or otherwise,
of the sale or other disposition of all or any part of the estate of Grantor upon the Property;

(k)  all instruments, general intangibles, rights to payment, contract rights,
chattel paper and documents;

0] all sales contracts, escrow agreements, and broker's agreements
concerning the sale of the Property;

(m)  all of the rents, leases, issues, profits, royalties, income, rights to payment,
deposits, receipts and proceeds generated by the use and occupancy of the Property to the extent
such are not Rents or otherwise deemed to be real property, and all "accounts" (as defined in the
Oregon Uniform Commercial Code) generated from the use and operation of the Property to
which Grantor may be entitled, whether now due, past due or to become due;

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(n)  all deposit accounts or related rights to receive payment from depositories
or institutions into which Grantor deposits (i) the Rents, (ii) any other income derived from the
Property described under Section 1.3(1) above, (iii) any security deposits or other monies paid to
Grantor or Grantor's property manager whether pursuant to the terms of a Lease or otherwise,
(iv) any other amounts described in Sections 1.1, 1.2 or 1.3 and any proceeds of any such
amounts, or (v) amounts required by Beneficiary to be deposited or which Grantor agrees to
deposit in connection with the obligations secured by this Deed of Trust;

(0) all books, records, accounting systems, computer records and the like kept
or maintained in connection with the use, occupancy, maintenance and operation of the Property;
and

(p)  all rights, including, without limitation, the right to receive payments of
money and other property, under the "Financing Documents" (as defined in the "Reimbursement
Agreement” (as defined below)).

The property described in this Section 1.3 is referred to in this Deed of Trust as
the "Personal Property." The Real Property and the Personal Property are collectively referred to
as the "Property." Grantor and Beneficiary agree that a carbon, photographic or other
reproduction of this Deed of Trust or of a financing statement shall be sufficient as a financing
statement.

1.4.  Fixture Filing. The personal property in which Beneficiary has a security interest
includes goods which are or shall become fixtures on the Land or Improvements. This Deed of
Trust is intended to serve as a fixture filing pursuant to the terms of the Oregon Uniform
Commercial Code. This filing shall remain in effect as a fixture filing until this Deed of Trust is
released or satisfied of record or its effectiveness otherwise terminates as to the Property. In that
regard, the following information is provided: ‘

Name of Debtor: 2437 Kane, LLC
Klamath Falls AL, LLC

Address of Debtor: See Section 4.4 below.

Name of Secured Party: Poppy Bank

Address of Secured Party: See Section 4.4 below.

1.5.  Obligations Secured. The grants, transfers, assignments and security interests
made and granted in Sections 1.1, 1.2 and 1.3 are for the purpose of securing, in such order of
priority as Beneficiary may determine:

@ the payment of all amounts and the performance of all obligations owing
under the Reimbursement Agreement dated as of the date of this Deed of Trust entered into by
Grantor, others and Beneficiary (the "Reimbursement Agreement"), and any renewals,
extensions, substitutions or modifications of the Reimbursement Agreement;

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(b)  performance of and compliance with all of the terms and conditions of
each agreement of Grantor contained in (i) this Deed of Trust and any modifications or
substitutions of this Deed of Trust; and (ii) in any loan agreement, security agreement Or any
other instrument executed by Grantor for the purpose of evidencing or securing the obligations
under the Reimbursement Agreement (all such agreements and instruments, together with this
Deed of Trust and the Reimbursement Agreement, are collectively referred to as the "Credit
Documents™); and

(© payment of all amounts advanced or costs incurred by Beneficiary
pursuant to the terms of this Deed of Trust or any other Credit Document, together with interest
on all such amounts advanced or incurred from the date advanced or incurred at the "Default
Rate" (as defined in the Reimbursement Agreement) as provided in Section 4.13 below.

ARTICLE I
LEASES AND RENTS

2.1.  Survival. The rights and powers of Beneficiary under the assignment of rents
provided for above shall continue until expiration of any redemption period from any foreclosure
sale under this Deed of Trust, whether or not any deficiency remains after a foreclosure sale.

2.2.  Exculpation of Beneficiary. The acceptance by Beneficiary of the assignment of
the Rents provided for above with all of Beneficiary's rights under this Article II shall not, prior
to entry upon and taking possession of the Property by Beneficiary, be deemed or construed to
constitute Beneficiary a "mortgagee in possession” nor at any time obligate Beneficiary to appear
in or defend any action or proceeding relating to the Leases, the Rents or the Property, or to take
any action permitted under this Deed of Trust or to expend any money or incur any expenses or
perform or discharge any obligation under any Lease or to assume any obligation or
responsibility for any security deposits or other deposits delivered to Grantor by any Lessee and
not assigned and delivered to Beneficiary, nor shall Beneficiary be liable for any injury or
damage to person or property sustained by any person in connection with the Property.

23. Waiver. Neither the collection of the Rents or their application by Beneficiary
nor the entry upon and taking possession of the Property by Beneficiary shall be deemed to cure
or waive any default or waive, modify or affect any notice of default under any of the other
Credit Documents or invalidate any act done pursuant to any such notice. The enforcement of
any such right or remedy by Beneficiary, once exercised, shall continue for so long as
Beneficiary shall elect, notwithstanding that the collection and application of the Rents may have
cured the original default. If Beneficiary shall after such enforcement elect to discontinue the
exercise of any such right or remedy, the same or any other right or remedy under this Deed of
Trust may be reasserted at any time and from time to time following any subsequent default.

2.4.  Further Assignments. Grantor agrees to give Beneficiary at any time upon
demand any further or additional form of assignment or transfer of the Rents or of the Leases, as

may be requested by Beneficiary, and to deliver to Beneficiary Grantor's executed copies of all
Leases.

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ARTICLE 11
EVENTS OF DEFAULT; REMEDIES

3.1.  Actions by Trustee or Beneficiary to Preserve Security. Upon the occurrence and

during the continuance of an "Event of Default" (as defined in the Reimbursement Agreement),
and irrespective of whether Beneficiary elects any other remedy available to it, Beneficiary and
Trustee, each in its own discretion, without obligation to do so and without further notice to or
demand upon Grantor and without releasing Grantor from any obligation, may undertake such
acts with respect to the Property as either may deem necessary to protect Beneficiary's security
under this Deed of Trust, including, without limitation, any acts required by this Deed of Trust to
be undertaken by Grantor. Without limiting their general powers or the rights of Beneficiary
under any other Credit Document, following the occurrence of an Event of Default, ‘Beneficiary
and Trustee shall have the right, but not the obligation, (a) to enter upon and take possession of
the Property; (b) to make additions, alterations, repairs and improvements to the Property which
they or either of them may consider necessary or proper to keep the Property in good condition
and repair; (c) to appear and participate in any action or proceeding affecting or which may
affect the security of this Deed of Trust or the rights or powers of Beneficiary or Trustee; (d) to
pay, purchase, contest or compromise any encumbrance, claim, charge, lien or debt which in the
judgment of either may affect or appear to affect the security of this Deed of Trust or be or
appear to be superior to the lien of this Deed of Trust; () pay any expenses incurred or which, in
Beneficiary's judgment, should be incurred in connection with the ownership, use and operation
of the Property, including, without limitation, Impositions, insurance premiums and charges for
utilities and maintenance; and (f) in exercising such powers, to pay necessary expenses and
employ necessary or desirable consultants. Funds disbursed that, in Beneficiary's judgment, are
needed to complete improvements to the Property or protect Beneficiary's security are to be
deemed obligatory advances hereunder and will be added to the total indebtedness secured by
this Deed of Trust.

3.2.  Remedies. Upon the occurrence of any Event of Default, Beneficiary may do any
of the following:

(a) terminate its obligation to disburse any amounts which remain
undisbursed under the Reimbursement Agreement or to withdraw any amounts from any
accounts held pursuant to the Reimbursement Agreement or any of the other Credit Documents;

(b) declare all sums secured by this Deed of Trust immediately due and
payable without any presentment, demand, protest or notice of any kind;

(c) collect the Rents and either in person or by agent, with or without bringing
any action or proceeding, or by a receiver appointed by a court, and without regard to the
adequacy of its security, enter upon and take possession of the Property, in its own name or in
the name of Trustee, and do any acts which it deems necessary or desirable to preserve the value,
marketability or rentability of the Property, make, modify, enforce, cancel or accept the
surrender of any Lease, increase the income from any Lease or protect the security of this Deed
of Trust and, with or without taking possession of the Property, sue for or otherwise collect the
Rents, including those past due and unpaid, and apply them, less costs and expenses of operation
and collection, including attorneys' fees, upon any indebtedness secured by this Deed of Trust,

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all in such order as Beneficiary may determine. The entering upon and taking possession of the
Property, the collection of the Rents and the application of them as provided for above shall not
cure or waive any Event of Default or notice of default or invalidate any act done in response to
an Event of Default or pursuant to such notice of default and, notwithstanding the continuance in
possession of the Property or the collection, receipt and application of Rents, Trustee or
Beneficiary shall be entitled to exercise every right provided for in any of the Credit Documents
or by law upon occurrence of any Event of Default, including the right to exercise the power of
sale provided below;

(d  commence an action to foreclose this Deed of Trust or specifically enforce
any of the covenants contained in this Deed of Trust;

(e) exercise any of the remedies available to a secured party under the Oregon
Uniform Commercial Code in such order and in such manner as Beneficiary, in its sole
discretion, may determine; provided, however, that the expenses of retaking, holding, preparing
for sale or the like as provided in the Uniform Commercial Code shall include attorneys' fees and
other expenses of Beneficiary and Trustee and shall be additionally secured by this Deed of
Trust;

® deliver to Trustee a written declaration of default and demand for sale, and
a written notice of default and election to cause Grantor’s interest in the Property to be sold;

(2 exercise afl other rights and remedies provided in this Deed of Trust, in
any Credit Document, or provided by law; and

(h)  impose the Default Rate on all obligations secured by this Deed of Trust.

Upon request of Beneficiary, Grantor shall assemble and make available to Beneficiary at the
Land any of the Property which is not located there.

3.3.  Foreclosure By Power of Sale. Should Beneficiary elect to foreclose by exercise
of the power of sale provided for in this Deed of Trust, Beneficiary shall notify Trustee and shall
deposit with Trustee this Deed of Trust and such receipts and evidence of expenditures made and
secured by this Deed of Trust as Trustee may require.

(@ Upon receipt of such notice from Beneficiary, Trustee shall cause to be
recorded, published and delivered to Grantor such notice of default or election to sell as may
then be required by law and by this Deed of Trust. Trustee shall, without demand on Grantor,
after lapse of such time as may then be required by law and after recordation of such notice of
default or after any notice of sale having been given as required by law, sell the Property at the
time and place of sale fixed by it in such notice, either as a whole, or in separate lots or parcels or
items as Trustee shall deem expedient, and in such order as it may determine, at public auction to
the highest bidder for cash in lawful money of the United States payable at the time of sale.
Trustee shall deliver to the purchaser or purchasers its good and sufficient deed or deeds
conveying the property so sold, but without any covenant or warranty, express or implied. The
recitals in such deed of any matters or facts shall be conclusive proof of the truthfulness of such
matters. Any person, including, without limitation, Grantor, Trustee or Beneficiary, may

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purchase at such sale and Grantor covenants to warrant and defend the title of such purchaser or
purchasers.

() After deducting all costs, fees, and expenses of Trustee and of this Deed of
Trust, including costs of evidence of title and attorneys’ fees of Trustee or Beneficiary in
connection with the sale, Trustee shall, subject to the requirements of applicable law, apply the
proceeds of sale in such order as beneficiary shall determine in its sole and absolute discretion
until satisfaction of all amounts owing under the Credit Documents with the remainder, if any, to
be paid to the persons legally entitled to any such amounts.

3.4.  Rescission of Notice of Default. Beneficiary, from time to time before any
Trustee's sale as provided above, may rescind any notice of default and election to sell or notice
of sale by executing and delivering to Trustee a written notice of such rescission, which such
notice, when recorded, shall also constitute a cancellation of any prior declaration of default and
demand for sale. The exercise by Beneficiary of such right of rescission shall not constitute a
waiver of any breach or default then existing or subsequently occurring, or impair the right of
Beneficiary to execute and deliver to Trustee, as provided above, other declarations or notices of
default and demand for sale of the Property to satisfy the obligations of this Deed of Trust, nor
otherwise affect any provision, covenant or condition of any Credit Document or any of the
rights, obligations or remedies of Trustee or Beneficiary under this Deed of Trust or any such
Credit Document.

3.5. Appointment of Receiver. If an Event of Default shall have occurred and be
continuing, Beneficiary, as a matter of right and without notice to Grantor or to anyone claiming
under Grantor, and without regard to the then value of the Property or Grantor's interest in it,
shall have the right to apply to any court having jurisdiction to appoint a receiver of the Property,
and Grantor irrevocably consents to such appointment and waives notice of any application for
any such receiver. Any such receiver shall have all the usual powers and duties of a receiver in
like or similar cases and all the powers and duties of Beneficiary in case of entry as provided in
Section 4.1 above, and shall continue as such and exercise all such powers until the date of
confirmation of the sale of the Property, unless such receivership is sooner terminated.

3.6.  Remedies Not Exclusive: Waiver. Trustee and Beneficiary shall be entitled to
enforce the payment and performance of any indebtedness or obligations secured by this Deed of
Trust and to exercise all rights and powers under this Deed of Trust or under any other Credit
Document or other agreement or any laws now or later in force, notwithstanding the fact that
some or all of the indebtedness and obligations secured by this Deed of Trust may now or later
be otherwise secured, whether by mortgage, deed of trust, pledge, lien, assignment or otherwise.
Neither the acceptance of this Deed of Trust nor its enforcement, whether by court action or
pursuant to the power of sale or other powers, shall prejudice or in any manner affect Trustee's or
Beneficiary's right to realize upon or enforce any other security held by Trustee or Beneficiary.
Trustee and Beneficiary shall be entitled to enforce this Deed of Trust and any other security
held by Beneficiary or Trustee in such order and manner as they may in their absolute discretion
determine. No remedy conferred in this Deed of Trust upon or reserved to Trustee or
Beneficiary is intended to be exclusive of any other permitted remedy, but each shall be
cumulative and shall be in addition to every other remedy permitted by law, contract or
otherwise. Every power or remedy given by any of the Credit Documents to Trustee or

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Beneficiary or to which either of them may be otherwise entitled, may be exercised, concurrently
or independently, from time to time and as often as may be deemed expedient by Trustee or
Beneficiary, and either of them may pursue inconsistent remedies. By exercising or by failing to
exercise any right, option or election under this Deed of Trust, Beneficiary shall not be deemed
to have waived any provision of this Deed of Trust or to have released Grantor from any of the
obligations secured by this Deed of Trust unless such waiver or release is in writing and signed
by Beneficiary. The waiver by Beneficiary of Grantor's failure to perform or observe any term,
covenant, or condition referred to or contained in this Deed of Trust to be performed or observed
by Grantor shall not be deemed to be a waiver of such term, covenant or condition or of any
subsequent failure of Grantor to perform or observe the same or any other such term, covenant or
condition referred to or contained in this Deed of Trust, and no custom or practice which may
develop between Grantor and Beneficiary shall be deemed a waiver of or any way affect the right
of Beneficiary to insist upon the performance by Grantor of the obligations secured by this Deed
of Trust in strict accordance with the terms of such obligations or of any Credit Document.

3.7.  Concurrent Cure Periods. All notice and cure periods provided herein and in the
Reimbursement Agreement shall run concurrently with any notice or cure periods provided by
law.

ARTICLE IV
MISCELLANEOUS

4.1.  Successors. This Deed of Trust applies to, inures to the benefit of, and binds all
parties and their successors and assigns.

4.2.  Governing Law. The provisions of this Deed of Trust shall be construed
according to the laws of the State of Oregon.

4.3.  Severability. The invalidity of any provision of this Deed of Trust shall not affect
the remaining portions of this Deed of Trust, and such remainder shall be construed as if the
invalid provision had not been a part of this Deed of Trust. If the lien of this Deed of Trust is
invalid or unenforceable as to any part of the indebtedness secured by this Deed of Trust, or if
the lien is invalid or unenforceable as to any part of the Property, the unsecured or partially
secured portion of such indebtedness shall be completely paid prior to the payment of the
remaining and secured or partially secured portion of such indebtedness, and all payments made
on such indebtedness, whether voluntary or under foreclosure or other enforcement action or
procedure, shall be considered to have been first paid on and applied to the full payment of that

portion of such indebtedness which is not secured or fully secured by the lien of this Deed of
Trust.

44. Notices. Any notice, demand or request required under this Deed of Trust shall
be given in writing at the addresses set forth below by personal service; overnight courier; or
registered or certified, first class mail, return receipt requested.

If to Grantor:

Monticelloam
600 Third Avenue, 21st Floor

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New York, New York 10016
Attention: Jonathan Litt

with a copy to:

Polsinelli
150 N. Riverside Plaza, Suite 3000
Chicago, IL 60606

Attention: Lisa Katz

If to Beneficiary:

Poppy Bank

438 First Street

Santa Rosa, CA 95401
Attention: Carie Fletcher

with a copy to:

Nevers, Palazzo, Packard, Wildermuth & Wynner
31248 Oak Crest Drive, Suite 200

Westlake Village, California 91361

Attention: Carlisle G. Packard

If to the Trustee:

Old Republic Title, Ltd.
19020 33" Ave. W. #360
Lynnwood, WA 98036

Such addresses may be changed by notice to the other parties given in the same manner as
required above. Any notice, demand or request shall be deemed received as follows: (a) if sent
by personal service, at the time such personal service is effected; (b) if sent by overnight courier,
on the business day immediately following deposit with the overnight courier; and (c) if sent by
mail, three business days following deposit in the mail.

45.  Waiver of Remedies. By accepting payment of any amount after its due date, or
an amount which is less than the amount then due, or performance of any obligation required
after the date required for such performance, Beneficiary does not waive its rights either to
require prompt payment or performance when due of all other amounts or obligations, or to
declare a default for the failure so to pay or perform.

4.6.  Trustee's Powers. At any time, without liability for doing so and without notice,
upon written request of Beneficiary and presentation of the original or certified copies of this
Deed of Trust for endorsement, and without affecting the personal liability of any person for
payment of the indebtedness secured by this Deed of Trust or the effect of this Deed of Trust
upon the remainder of the Property, Trustee may (a) reconvey any part of the Property, (b)

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consent in writing to the making of any map or plat of the Property, (c) join in granting any
easement on the Property, or (d) join in any extension agreement or any agreement subordinating
the lien of this Deed of Trust.

4.7.  Substitution of Trustee. Beneficiary may, from time to time, by a written
instrument executed and acknowledged by Beneficiary and recorded in the county or counties
where the Property is located, and by otherwise complying with the provisions of applicable law,
substitute a successor or successors for the Trustee.

4.8.  Trust Trrevocable; No Offset. The trust created by this Deed of Trust is
irrevocable by Grantor. No offset or claim that Grantor now or may in the future have against
Beneficiary shall relieve Grantor from paying any amounts due under the Credit Documents.

4.9.  Corrections and Further Assurances. Grantor shall, upon request of Beneficiary
or Trustee, promptly correct any defect, error or omission which may be discovered in the
contents of this Deed of Trust or in its execution or acknowledgment, and will execute,
acknowledge and deliver such further instruments and do such further acts as may be necessary
or as may be requested by Beneficiary or Trustee to carry out more effectively the purposes of
this Deed of Trust, to subject to the lien and security interest of this Deed of Trust any of
Grantor's properties, rights or interest covered or intended to be covered by this Deed of Trust,
and to perfect and maintain such lien and security interest.

4.10. Full Reconveyance. Upon written request of Beneficiary stating that all sums
secured by this Deed of Trust have been paid and upon surrender to Trustee of this Deed of Trust
and any other instrument requested by the Trustee for cancellation and retention and upon
payment of its fees, Trustee shall fully reconvey, without warranty, the entire remaining Property
then subject to this Deed of Trust. The recitals in such reconveyance of any matters of facts shall
be conclusive proof of their truthfulness. The grantee in such reconveyance may be described as
"the person or persons legally entitled thereto."

4.11. Performance Under Other Documents. Grantor shall faithfully perform each
covenant to be performed by Grantor under any lien or encumbrance, lease, sublease, instrument,
declaration, covenant, condition, restriction, license, order or other agreement which affects the
Property, including, without limitation, each covenant to be performed by Grantor under any
mortgages and any and all other instruments pertaining to such mortgages, including the
respective obligations secured thereby. A breach of or a default under any such lien,
encumbrance or other instrument which Beneficiary believes may be prior and superior to the
lien or charge of this Deed of Trust shall, at Beneficiary's option, constitute an Event of Default.

4.12. Amendments. Neither this Deed of Trust nor any of its terms can be waived,
changed, discharged or terminated orally, except by an instrument in writing signed by the party
against whom enforcement of any waiver, change, discharge or termination is sought.

4.13. Beneficiary's Advances and Costs. At Beneficiary's election, all amounts
advanced or costs incurred by Beneficiary pursuant to this Deed of Trust or any applicable law
shall be due and payable by Grantor upon demand by Beneficiary, shall be additional

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indebtedness secured by this Deed of Trust and shall accrue interest at the Default Rate from the
date advanced or incurred until paid.

4.14. Acceptance by Trustee. Trustee accepts the trust created by this Deed of Trust
when it is made a public record as provided by law.

(Signatures on next page)

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Grantor: 2437 KANE, LLC, a Delaware limited liability company

By: KL2 Partners, LLC, a Delaware limited liability
company, its Manager

By:
Name: Thomas Lally

Title: Manager

KLAMATH FALLS AL, LLC, a Delaware limited
liability company

By: HPP OPCO Manager, Inc., a Delaware corporation,
its Manager

By: z%-w%

Name: Thomas Lally o
Title: Vice President

Signature Page to Deed of Trust
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State of New York )
County of New York )

On the ] O  dayof }W in the year 2026 before me, the undersigned, a

notary public in and for said state, personally appeared Thomas Lally, personally known to me or
proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed
to the within instrument and acknowledged to me that he executed the same in his capacity, and
that by his signature on the instrument, the individual, or the person upon behalf of which the

individual acted, executed the instrument.

Notary Public -

llana Sheykhet
Notary Public, State of New York
Rag. No. 01SH0022987
Qual[?ed in New York County
Commission Expires 03/29/2028

Signature Page to Deed of Trust
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EXHIBIT "A"

Legal Description

Tracts 14 and 17 KIELSMEIER ACRE TRACTS, according to the official plat thereof on file in
the office of the County Clerk, Klamath County, Oregon.

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