Common use of Application of Company Funds Clause in Contracts

Application of Company Funds. If required to protect or preserve Company Assets, the Manager may apply other available Company funds to pay any Company obligations. If sufficient Company funds are not available, the Manager may, but is not required to, loan their own funds for such purpose, subject to the restrictions of any loan secured by Company Assets. Any such loan will have Market Rate terms which the Manager believes to be no less favorable to the Company than currently available from third parties (taking into account the current financial condition of the Company); however, loan terms will be established by the Manager and not as a result of arm’s length negotiations. The Company shall reimburse the Manager as soon as practicable. OPERATING AGREEMENT OF CARDONE EQUAL OPPORTUNITY FUND 2, LLC

Application of Company Funds. If required to protect or preserve Company Assets, the Manager may apply other available Company funds to pay any Company obligations. If sufficient Company funds are not available, the Manager may, but is not required to, loan their own funds for such purpose, subject to the restrictions of any loan secured by Company Assets. Any such loan will have Market Rate terms which the Manager believes to be no less favorable to the Company than currently available from third parties (taking into account the current financial condition of the Company); however, loan terms will be established by the Manager and not as a result of arm’s length negotiations. The Company shall reimburse the Manager as soon as practicable. OPERATING AGREEMENT OF CARDONE EQUAL OPPORTUNITY FUND 2, LLC.

Application of Company Funds. If required to protect or preserve Company Assets, the Manager may apply other available Company funds to pay any Company obligations. If sufficient Company funds are not available, the Manager may, but is not required to, loan their own funds for such purpose, subject to the restrictions of any loan secured by Company Assets. Any such loan will have Market Rate terms which the Manager believes to be no less favorable to the Company than currently available from third parties (taking into account the current financial condition of the Company); however, loan terms will be established by the Manager and not as a result of arm’s length negotiations. The Company shall reimburse the Manager as soon as practicable. AMENDED OPERATING AGREEMENT OF CARDONE EQUAL OPPORTUNITY FUND 2REIT I, LLCLLC PAGE 9 OF 39