Investment Agreement (Page 3 of 4) in pdf

definition of public welfare investments), files a bankruptcy petition or takes similar

action, is liquidated or dissolved or makes an assignment for the benefit of creditors, or

fails to maintain its status as a community development financial institution in accordance

with the provisions of 12 C.F.R. Sections 1805.200 and .701, as may be amended from

time to time.

Financial Reporting. In addition to the quarterly report on investment

activity required in Section 3 of this Agreement, [HOUSING LOAN FUND] shall

undertake the following obligations in connection with this Agreement:

Permit Investor Bank and any reasonable number of its officers or

employees, or any outside representatives designated by Investor Bank and

reasonably satisfactory to [HOUSING LOAN FUND], to attend meetings of

[HOUSING LOAN FUND]’s board of directors as an observer, and to visit and

inspect, at the expense of Investor Bank, any of the properties of [HOUSING

LOAN FUND], including their books and records, and to discuss their affairs,

finances and accounts with their officers, except with respect to trade secrets and

similar confidential information, to such reasonable extent and at such reasonable

times and intervals as Investor Bank may reasonably request without disruption of

[HOUSING LOAN FUND]’s operations.

Deliver to Investor Bank (i) as soon as practicable after the end of each

fiscal quarter and in any event within forty-five (45) days thereafter, unaudited

financial statements, including a balance sheet, income statement and statement of

changes in cash flow; (ii) as soon as practicable after the end of each fiscal year

and in any event within one hundred and twenty (120) days thereafter, complete

audited financial statements, including a balance sheet, income statement and

statement of changes in cash flows, prepared in accordance with generally

accepted accounting principles and setting forth in each case in comparative form

the figures for the previous fiscal year; (iii) as soon as practicable and in any event

within thirty (30) days after filing thereof, the annual tax return of [HOUSING

LOAN FUND]; and (iv) any additional documents, including the budget of

[HOUSING LOAN FUND], reports of independent accountants and notices of an

event material to the business of [HOUSING LOAN FUND] that are sent to the

directors of [HOUSING LOAN FUND].

General. The relationship of Investor Bank and [HOUSING LOAN

FUND] is that of debtor and creditor and does not constitute a partnership, joint venture,

or any other type of business organization. Neither party shall have any authority to act

on behalf of or obligate the other party and Investor Bank assumes no liability whatsoever

for any decision, action or omission taken by [HOUSING LOAN FUND] at any time prior

to, during or after the term of the investment described in this Agreement.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date

specified above.

[INVESTOR NAME]

[ORGANIZATION NAME]

Investment Agreement Page 3