Auckland District Law Society Term Loan Agreement

WPM Properties Inc., Phone: 510.832.1700 Fac-Simile: 510.832.1950 E-mail: wpmproperties@att.net COMMERCIAL PROPERTY MANAGEMENT AGREEMENT COMMERCIAL Property Management is an agreement between an owner 5 SECOND SCHEDULE FIFTH EDITION 2012 Definitions, Notes and Interpretation 1.1 Definitions (1) Unless the context requires a different interpretation, words and phrases that are not defined differently have the same meaning as in section 4 of the Property Rights Act (2) of that document, including the first page, all other terms and all calendars and annexes. (3) Day of work refers to every day of the week other than: a) Saturday, Sunday, Waitangi Day, Good Friday, Easter Monday, Anzac Day, Sovereign Birthday and Labour Day; (b) one day in the period ending December 24 in the year of any year and January 5 of the following year, including the two days; and c) The anniversary of each province where the premises are located. 4. A work day starts at 9 a.m. and ends at 5 p.m. 5. Any act performed by a party after 5 p.m. after 5 p.m., a business day or a non-working day, under this agreement, is deemed to be the next business day at 9 a.m. 6. If two or more acts (including notification) committed under this agreement are considered simultaneous, they come into force in the order in which they would have taken effect, but in sense 1.1 (5).

1.2 Communications All communications must be made in writing and forwarded to one of the following means: (1) In the case of a notice consistent with sections 245 or 246 of the Property Act 2007, in accordance with section 353 of this Act; (2) In all other cases, except in sections 352 to 361 of the Property Rights Act 2007: (a) in the manner permitted by paragraphs 354 to 361 of the Property Law Act 2007, or (b) by personal service or notification or by letter recommended, by mail or fax or by mail. 3. With regard to the means of service and notification, a notification is deemed to be served: a) in case of service or personal notification to its recipient. b) in the case of mail, on the second business day following the date of the posting to the last known address of the recipient in New Zealand. c) transmitted to the recipient`s facsimile number when the fax machine is transmitted. (d) in the case of , if they are recognized verbally, by reference or in writing by the recipient, except that the returns generated automatically do not constitute confirmation. 4. In the case of a notification to be served on the tenant, if the landlord is aware of the last known address of the tenant in New Zealand or the tenant`s facsimile number, any notification that is strikingly affixed to a portion of the land is valid on the day it is affixed to the tenant. 5. A notification is valid when it is issued by a director general, lawyer or other authorized representative of the party giving the party.