HopeWorks Social Enterprises 4/17/2019

3. Promissory Note dated May 2, 2018 in the original principal amount of$377,467; 4. Leasehold Deed of Trust recorded under Snohomish County recording number 201805080524; and 5. Leasehold Use Restriction Covenant Agreement recorded under Snohomish County recording number 201805080525. (collectively,the "City CDBG Documents"). The 2017 Loan Agreement and the 2016 Loan Agreement were evidenced by the Promissory Note, secured by the Leasehold Deed of Trust, and executed in connection with the Use Restriction Covenant Agreement. The parties agree that it is necessary to terminate 2017 Loan Agreement, and to amend the Promissory Note and Leasehold Deed of Trust so that they only refer to the 2016 Loan Agreement. No funds have been advanced to Grantor under the 2017 Loan Agreement. No amendment is necessary to the Use Restriction Covenant Agreement. The Grantor and the Grantee desire to amend the City CDBG Documents to make these changes. All capitalized terms that are used, but are not defined, in this Agreement will have their respective, applicable meanings as set forth in the City CDBG Documents. Accordingly,the Grantor and the Grantee agree to the following agreements regarding the City CDBG Documents: 1. The 2017 Loan Agreement is hereby terminated. 2. Section 1 of the Promissory Note is amended as follows, with strikeouts deleted and underlining added: 1. Promise to Pay. In consideration of the Loan provided by City of Everett ("Holder") pursuant to the City of Everett CDBG Loan Agreement (the "Agreements)" or the "Loan Agreemenqsf"), HopeWorks Social Enterprises ("Maker"), hereby promises to pay to the order of Holder, at such place as Holder may designate in writing, in lawful money of the United States of America, the principal sum of$158,400$377,'167 on the terms and conditions set forth herein and in the Loan Agreements. 3. The following language in the Leasehold Deed of Trust is amended as follows,with strikeouts deleted and underlining added: This deed of trust is for the purpose of securing performance of each agreement of Grantor herein contained, and in the City of Everett CDBG Loan Agreements between Grantor and the Beneficiary (hereinafter the "Agreement(s1"), dated on or about November 21, 2016 and dated as May 7, 2018, and payment of$377,167 $158,400 in accordance with the terms of a promissory note of even date herewith (the "Note"),payable to Beneficiary or order, and'all renewals,modifications and First Omnibus Amendment and Loan Termination Agreement Page 2