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EXHIBIT 1 RELEASE Pursuant to the Settlement Agreement dated May 21, 1996, Kearny Street ri Real Estate Company, L.P. and Kearny Street Real Estate Company, L.P. for themselves, individually, their respective successors, and assigns, xxxxxx fully releases, discharges, and forever acquits Portland Lofts Associates Limited Partnership; East Bank Angel Joint Venture; East Bank Development1 mc.; and Xxxxxx X. Xxxxx, XX, and their partners, joint venturers, officers, directors, employees, agents, attorneys, heirs, affiliates, parent corporations, affiliated corporations, predecessors, successors, and assigns, from any and all claims, demands, and causes of action, known or unknown, of any kind, to the extent said claims relate in any way to the Notes and conduct that were the subject of Kearnv Street Real Estate Cornoany L.P., V. Portland Lofts Associates Limited Partnership, etal, MuLtnomah County Circuit Court Case No. 9411-07780. KEARNY STREET REAL ESTATE COMPANY, L.P. By: KS CORPORATION, a Delaware Corporation Its: General Partner By: Xxxxxxx X. Xxxxxxx President Date: 5/28/96 KEARNY STREET II ESTATE CCMPANY, L.P., a Delaware limited partnerahip By: Kearny Street II Corporation, a Delaware corporation, its General Partner Its: XXXXXXX X. XXXXXXX President Date: 5/28/96 By: Xxxxx X. Xxxxx Its: V.P., General Council, Secty Date: 5/28/96 EXHIBIT 2 REVISED RELEASE In consideration of the Settlement Agreement dated May 21, 1996, Bank of America Oregon, for itself individually, and for its successors, affiliates, heirs, and assigns hereby fully releases, discharges, and forever acquits Portland Lofts Associates Limited Partnership; East Bank Angel Joint Venture; East Bank Development, Inc.; and Xxxxxx x. Xxxxx, XX, and their respective partners, joint venturers, officers directors, employees, agents, attorneys, heirs, affiliates, parent corporations, subsidiary corporations, affiliated corporations, predecessors, successors, and assigns, from any and all claims, demands, and causes of action, known or unknown, of any kind, to the extent said claims relate in any way to or arise out of the Notes and conduct that were the subject of Kearnv Street Real Estate Companv L.P. V. Portland Lofts Associates Limited Partnership. et al., Multnomah County Circuit Court Case No. 9411-07780 ("the Lawsuit"). Not included in this Release are any (1) loan and guarantee obligations incurred pursuant to the Loan and guaranties referred to in Paragraph 2 of the Settlement Agreement to which this Release is an exhibit, (2) loan obligations incurred pursuant to the line of credit agreement between Oregon Bank, Xxxxxx Xxxxx, and Xxxxxx X. Xxxxxx, currently reflected in Bank of America Line of Credit Account No. 50243106956847001, dated February 17, 1994, and (3) other lending, credit, guarantee, or account relationships between Bank of America Oregon (or any of its affiliates, parent corporations, affiliated corporations, subsidiary corporations, predecessors, successors, or assigns) and any of the parties being released by this instrument, which relationships were not the subject of the Lawsuit. This release supersedes the previous version of Exhibit 2, and shall be binding on the parties signing below. BANK OF AMERICA OREGON By: XXXXXX X. XXXXXX Its: Senior Credit Officer Date: 5/24/96 EXHIBIT 3 REVISED RELEASE In consideration of the Settlement Agreement dated May 21, 1996, BankAmerica Corporation, for itself, individually, its respective successors, heirs, and assigns, xxxxxx fully releases, discharges, and forever acquits Portland Lofts Associates Limited Partnership; East Bank Angel Joint Venture; East Bank Development, Inc.; and Xxxxxx X. Xxxxx, XX, and their respective partners, joint venturers, officers, directors, employees, agents, attorneys, heirs, affiliates, parent corporations, subsidiary corporations, affiliated corporations, predecessors, successors, and assigns, from any and all claims1 demands, and causes of action, known or unknown, of any kind, to the extent said claims relate in any way to or arise out of the Notes and conduct that were the subject of Kearnv Street Real Estate Comoany. L.P.. V. Portland Lofts Associates Limited Partnership et al., Multnomah County Circuit Court Case No. 9411-07780 (the Lawsuit"). Not included in this Release are (1) any loan and guarantee obligations incurred pursuant to the Loan or guaranties referred to in Paragraph 2 of the Settlement Agreement to which this Release is an exhibit or (2) any other lending, credit, guarantee, or account relationships between BankAmerica Corporation (or any of its subsidiaries, affiliates, affiliated corporations, subsidiary corporations, successors or assigns) and any of the parties being released by this instrument, which relationships were not the subject of the Lawsuit. This release supersedes the previous version of Exhibit 3, and shall be binding on the parties signing below. BANKAMERICA CORPORATION By: Xxxxxxx X Xxxxx Its: SVP Date: 5/24/96 EXHIBIT 4 RELEASE Pursuant to the Settlement Agreement dated May 21, 1996, Portiand Lofts Associates Limited Partnership; East Bank Angel Joint Venture; East Bank Development, Inc.; and Xxxxxx X. Xxxxx, XX, for themselves, individually, their respective successors, heirs, and assigns, hereby fully release, discharge, and forever acquit Bank of America Oregon and BankAmerica Corporation and their respective officers, directors, employees, agents, attorneys, heirs, affiliates, affiliated corporations, parent corporations, subsidiary corporations, predecessors, successors and assigns, from any and all claims, demands, and causes of action1 known or unknown, of any kind, to the extent said claims relate in any way to or arise out of the notes and conduct that were the subject of Kearny Street Real Estate Companv. L.P.. V. Portland Lofts Associates Limited Partnership. etal, Multnomah County Circuit Court Case No. 9411-07780 ("the Lawsuit"). Not included in this Release are (1) any loan obligations incurred pursuant to the Loan or guaranties referred to in Paragraph 2 of the Settlement Agreement to which this Release is an exhibit, (2) loan obligations incurred pursuant to the line of credit agreement between Oregon Bank, Xxxxxx Xxxxx, and Xxxxxx X. Xxxxxx, currently reflected in Bank of America Line of Credit Account No. 50243106956847001, dated February 17, 1994, and 3) any other lending, credit, or account relationships between Bank of America Oregon or BankAmerica Corporation (or any of their affiliates, affiliated corporations, parent corporations, subsidiary corporations, predecessors, successors, or assigns) and any of the parties being released by this instrutnent, which relationships were not the subject of the Lawsuit. PORTLAND LOFTS ASSOCZATES LZMZTED PARTNERSHIP By: East Bank Angel Joint Venture,its, General Partner XXXXXX X. XXXXX General Partner Date: 5/21/96 EAST BANK ANGEL JOINT VENTURE by: XXXXXX X. XXXXX Its: General Partner Date: 5/21/96 EAST BANK DEVELOPMENT, INC. By: XXXXXX X. XXXXX Date: 5/21/96 EXHIBIT 4 REVISED RELEASE In consideration of the Settlement Agreement dated May 1996, Portland Lofts Associates Limited Partnership; East Bank Angel Joint Venture; East Bank Development, Inc.; and Xxxxxx x. Xxxxx, XX, for themselves, individually, their respective successors, heirs, and assigns, hereby fully release, discharge, and forever acquit Bank of America Oregon and BankAmerica Corporation and their respective officers, directors, employees, agents, attorneys, heirs, affiliates, affiliated corporations, parent corporations, subsidiary corporations, predecessors, successors, and assigns, from any and all claims, demands, and causes of action, known or unknown, of any kind, to the extent said claims relate in any way to or arise out of the notes and conduct that were the subject of Kearny Street Real Estate company. L.P. v. Portland Lofts Associates Limited Partnership. etal., Multnomah County Circuit Court Case No. 9411-07780 ("the Lawsuit"). Not included in this Release are (1) any loan and guarantee obligations incurred pursuant to the Loan or guaranties referred to in Paragraph 2 of the Settlement Agreement to which this Release is an exhibit, (2) loan obligations incurred pursuant to the line of credit agreement between Oregon Bank, Xxxxxx Xxxxx, and Xxxxxx X. Xxxxxx, currently reflected in Bank of America Line of Credit Account No. 50243106956847001, dated February 17, 1994, and (3) any other lending, credit, or account relationships between Bank of America Oregon or BankAmerica Corporation (or any of their affiliates, affiliated corporations, parent corporations, subsidiary corporations, predecessors, successors, or assigns) and any of the parties signing this release (or any of their affiliates, affiliated corporations, parent corporations, subsidiary corporations, predecessors, successors, or assigns), which relationships were not the subject of the Lawsuit. This release supersedes the previous version of Exhibit 4, and shall be binding on the parties signing below Corporation (or any of their affiliates, affiliated corporations, parent corporations, subsidiary corporations, predecessors, successors, or assigns) and any of the parties signing this release (or any of their affiliates, affiliated corporations, parent corporations, subsidiary corporations, predecessors, successors, or assigns), which relationships were not the subject of the Lawsuit. This release supersedes the previous version of Exhibit 4, and shall be binding on the parties signing below. PORTLAND LOFTS ASSOCIATES LIMITED PARTNERSHIP By: East Bank Angel Joint Venture, its General Partner By: XXXXXX X. XXXXX Its:General Partner Date: 5/23/96 EAST BANK ANGEL JOINT VENTURE By: XXXXXX X. XXXXX Its: General Partner Date: 5/23/96 EAST BANK DEVELOPMENT, INC. BY: XXXXXX XXXXXX ITS: PRESIDENT DATE: 5/21/96 EXHIBIT 5 RELEASE Pursuant to the Settlement Agreement dated May 21,1996, Portland Lofts Associates Limited Partnership; East Bank Angel Joint Venture; East Bank Development, Inc.; and Xxxxxx X. Xxxxx, XX, for theMselves, individually, their respective successors, affiliates, heirs and assigns, hereby fully release, discharge, and forever acquit Kearny Street II Real Estate company, L.P., Kearny Street Real Estate company, L.P, and their partner, officers, directors, employees, agents, attorneys, heirs, successors, affiliates, predecessors, parent corporations, subsidiary corporations, affiliated corporations, and assigns, from any and all claims, demands, and causes of action, known or unknown, to the extent said claims relate in any way to the Notes and conduct that were the subject of Kearny Street Real Estate Companv L.P. V. Portland Lofts Associates Limited Partnership. etal., Multnomah County Circuit Court Case No. 9411-07780. PORTLAND LOFTS ASSOCIATES LIMITED PARTNERSHIP By: East Bank Angel Joint Venture, its General Partner By: XXXXXX X. XXXXX Its: General Partner Date: 5/21/96 EXHIBIT 6 RELEASE Pursuant to the Settlement Agreement dated May 21, l996, Kearny Street Real Estate Company, L.P., Kearny Street II Real Estate Company, L.P., and Xxxxxxx Xxxxx Asset Management Company, on the one hand (collectively, "Kearny"), and Bankmerica Corporation and Bank of America Oregon, on the other hand (collectively, "Bank"), individually, and for their respective partners, joint venturers, officers, directors, employees, agents attorneys, heirs, affiliates, parent corporations, subsidiary corporations, affiliated corporations, predecessors, successors, and assigns, hereby fully release, discharge, and forever acquit each other and their respective partners, joint venturers, officers, directors, employees, agents, attorneys, heirs, affiliates, parent corporations, subsidiary corporations, affiliated corporations, predecessors, successors, and assigns, from any and all claims, demands, and causes of action, known or unknown, of any kind, to the extent said claims relate in any way to or arise out of the Notes and conduct that were the subject of Kearny Street Real Estate Company, L.P.. vs. Portland Lofts Associates Limited Partnership, et al., Multnomah County Circuit Court Case No. 9411-07780. KEARNY STREET REAL ESTATE L.P. By: KS Corporation, a Delaware Corporation General Partner Its: XXXXXXX X. XXXXXXX PRESIDENT Date: 5/28/96 KEARNY STREET II REAL ESTATE COMPANY, L.P., a Delaware limited partnership By: Kearny Street II Corporation, a Delaware corporation, its General Partner By: XXXXXXX X XXXXXXX Its: PRESIDENT Date: 5/28/96 By: XXXXX X. XXXXXXX Its: VP, GENERAL COUNCIL, SECTY Date: 5/28/96 XXXXXXX XXXXX ASSET MANAGEMENT COMPANY, a California general partnership By: Hanford/Xxxxx Resources One, Inc., a California corporation, General Partner By: Xxxxxxxx X. Xxxxx Its: President Date: 5/29/96 BANK OF AMERICA OREGON BY: Xxxxxx X. Xxxxxx,EVP Its: Senior Credit Officer Date: 5/24/96 EXHIBIT 7 RELEASE Pursuant to the Settlement Agreement dated May 21, 1996, Xxxxxxx Xxxxx Asset Management company, for itse1f, individually, its respective successors,affi1iates, and assigns, hereby fully releases, discharges, and forever acquits, Portland Lofts Associates Limited Partnership; East Bank Angel Joint Venture; East Bank Development, Inc.; and Xxxxxx X. Xxxxx, XX, and their partners, joint venturers, officers, directors, employees, agents, attorneys, heirs, predecessors, successors, affiliates, Parent corporations, subsidiary ccrporations, affiliated corporatioms, and assigns from any and all claims, demands and causes of action, known or unknown, of any kind, to the extent said c1aims relate in any way to the Notes and conduct that were the subject of Kearny Street Rea1 Estate Companv L.P.. v. Portland Lofts Associates LImited Partnership et al., Mu1tnomah County Circuit Court Case No. 9411-07780. XXXXXXX XXXXX ASSET MANAGEMENT COMPANY, a California qeneral partnership By: Xxxxxxx Xxxxx Resources One, Inc. a California corporation, General Partner By: Xxxxxxx X.Xxxxx Its: President Date: 5/29/96 EXHIBIT 8 RELEASE Pursuant to the Settlement Agreement dated May 21, 1996, Portland Lofts Associates Limited Partnership; East Bank Angel Joint Venture; East Bank Development, Inc.; and Xxxxxx X. Xxxxx, XX. for themselves, individually, their respective successors, affiliates, heirs, and assigns, hereby fully release, discharge, and forever acquit Xxxxxxx Xxxxx Asset Management Company and its affiliates, officers, directors, employees, agents, attorneys, heirs, predecessors, successors, affiliates, parent corporations, subsidiary corporations, affiliated corporations, and assigns, from any and all claims, demands, and causes of action, known or unknown, of any kind, to the extent said claims relate in any way to the Notes and conduct that were the subject of Kearny Street Real Estate Company. L.P.. v. Portland Lofts Associates Limited Partnership. et al., Multnomah County Circuit Court Case No. 9411-07780. PORTLAND LOFTS ASSOCIATES LIMITED PARTNERSHIP By: East Bank Angel Joint Venture,its general partner By: Xxxxxx X. Xxxxx Its: General Partner Date: 5/23/96 EAST BANK ANGEL JOINT VENTURE By: Xxxxxx X. Xxxxx Its: General Partner Date: 5/23/96 EAST BANK DEVELOPMENT, INC. by: XXXXXX X. XXXXX date: 5/23/96 EAST BANK DEVELOPMENT, INC by: Xxxxxx Xxxxxx date: 5/21/96 XXXX XXXXX LLP ATTORNEYS ONE MAIN PLACE 000 XXXXXXXXX XXX XXXXXX, XXXXX 0000 XXXXXXXX, XXXXXX 00000-0000 XXXX X. XXXXXX TEL 000-000-0000 xxxxxxx@xxxxx.xxx Also admitted in Washington Fax 000-000-0000 direct fax 000-000-0000 August 29, 1996 Xx. Xxxxxx X.Xxxxx, XX 0000 XX Xxxxxxxxx Xxxxxxxx, XX 00000 Xx. Xxxxxxx Xxxxxxxxx Claremont Companies Batterymarch Park II Quincy, MA 02196 RE: Portland Lofts/Kearny Gentlemen: Enclosed is a copy of the release we received from Xxxxxx Xxxxxxx. If you have any questions, please give me a call. Sincerely, Xxxx X.Xxxxxx JJD:rr Enclosure EXHIBIT 9 RELEASE Pursuant to the Settlement Agreement dated May 21, 1996, Xxxxxx Xxxxxxx Real Estate Fund, L.P., for itself, individually, its respective successors, affilites, and assigns, hereby fully releases, didscharges, and forever acquits Portland Lofts Associates Limited Partnership; East Bank Angel Joint Venture; East Bank Development, Inc.; and Xxxxxx X Xxxx, XX, and their partners, joint ventureres, officers, directors, employees, agents, attorneys, heirs, affiliates, parent corporations, subsidiary corporations, affiliated corporations, predecessors successors, and assigns, from any and all claims, demands, and causes of action, known or unknown, of any kind, to the extent said claims relate in any way to the notes and conduct that were the subject of Kearny Street Real Estate Company, L.P., v. Portland Lofts Associates Limited Partnership, et al., Multnomah County Circuit Court Case No. 9411-07780 XXXXXX XXXXXXX REAL ESTATE FUND, LP by: Xxxxxxxxx X. Xxxxxx its: Vice President date: 7/31/96 BALL XXXXX LLP ATTORNEYS XXX XXXX XXXXX 000 XXXXXXXX XXXX XXXXXX, XXXXX 0000 XXXXXXXX, XXXXXX 00000-0000 Xxxx X. Xxxxxx Tel 000-000-0000 xxxxxxx@xxxxx.xxx Also admitted in Washignton Fax 000-000-0000 direct fax 000-000-0000 August 29, 1996 Xx. Xxxxxxxxx W Xxxxxx Xxxxxx Xxxxxxx 0000 Xxxxxxxx, 0xx Xxxxx Xxx Xxxx, Xxx Xxxx 00000 RE Portland Lofts Associates/Kerny Dear Xxxx: In exchange for the release Xxxxxx Xxxxxxx provided, enclosed is the release of your clients. Sincerely, XXXX X. XXXXXX JJD;RR Enclosure cc: Xxxxxx X. Xxxxx Xxxxxxx Xxxxxxxxx Xxxxxx X Xxxxxxxxxx Xxxxx X. Xxxxxxxx (w/enclosure) EXHIBIT 10 RELEASE Pursuant to the Settlement Agreement dated May 21, 1996, Portland Lofts Associates Limited Partnership; East Bank Angel Joint Venture; East Bank Development, Inc. and Xxxxxx X. Xxxxx, XX, for themselves, individually, their respective successors, affiliates, heirs, and asigns, hereby fully release, discharge, and forever acquit Xxxxxx Xxxxxx Real Estate Fund, L.P. and its partners, officers, directors, employees, agents, attorneys, heirs, affiliates, parent corporations, subsidiary corporations, affiliated corportaions, predecessors, successors, and assigns, unknown, of any kind, to the extent said claims relate in any way to the Notes and conduct that were the subject of Kearny Street Real Estate Company, L.P. v. Portland Lofts Associates Limited Partnership, et at., Multnomah County Circuit Court Case No. 9411-07780. PORTLAND LOFTS ASSOCIATES LIMITED PARTNERSHIP By: East Bank Angel Joint Venture, its general partner By: Xxxxxx X. Xxxxx its: General Partner date: 5/23/96 EAST BANK ANGEL JOINT VENTURE by: Xxxxxx X. Xxxxx its: General Partner Date: 5/23/96 EAST BANK DEVELOPMENT, INC. by: Xxxxxx X. Xxxxx date: 5/23/96 by: Xxxxxx Xxxxxx its: President date: 5/21/96 EXHIBIT 11 IN THE CIRCUIT COURT OF THE STAET OF OREGON FOR THE COUNTY OF MULTNOMAH KEARNY STREET REAL ESTATE COMPANY, ) L.P., ) Plaintiff, ) Case No. 9411-07780 v. ) STIPULATED JUDGEMENT OF PORTLAND LOFTS ASSOCIATES LIMITED ) DISMISSAL; ORDER SEALING PARTNERSHIP; EAST BANK ANGEL JOINT ) FILE VENTURE; EAST BANK DEVELOPMENT, ) INC., XXXXXX X. XXXXX XX; AND CITY ) OF PORTLAND ACTING BY AND THROUGH ) THE PORTLAND DEVELOPMENT ) COMMISSION, ) ) ) Defendants. ) The parties, by their attorneys, stipulate as follows: 1. The claims and counterclaims are dismissed with prejudice. 2. Each party shall bear its own costs and attorneys fees. 3. The Clerk shall place the file in this matter under seal. SO STIPULATED: XXXX X. XXXXXX Attorney for Defendants Portland Lofts Associates Limited Partnership; East Bank Angel Joint Venture; East Bank Development, Inc.; Xxxxxx X. Xxxxx, XX; XXXXX X. XXXXXXX Attorney for Plaintiff Kearny Street Real Estate Company, L.P. EXHIBIT 12 IN THE CIRCUIT COURT OF THE STATE OF OREGON FOR THE COUNTY OF MULTNOMAH In the Matter of the ) Confession of Judgement by ) ) ) Portland Lofts Associ- ) ates, L.P., East Bank ) Angel Joint Venture, ) and Xxxxxx X. Xxxxx, ) Case no. Xxxxx, ) Defendants, ) CONFESSION OF JUDGMENT ) In Favor of ) Kearny Street Real ) Estate Company, L.P. ) ) Plaintiff. ) Pursuant to ORCP 73, defendants Portland Lofts Associates, L.P., a Delaware limited partnership with its principal place of business in Portland,Oregon, East Bank Angel Joint Venture, an Oregon joint venture, and Xxxxxx x. Xxxxx xxxxxx confess judgment jointly and severally in favor of plaintiff on the Note dated November 3, 1989 (Exhibit A hereto, the "Note") and the guaranty by Xxxxxx Xxxxx Dated May 23, 1989 (exhibit B-1 hereto) in the sum of Five Hunderd and Fifty One Thousand, Two Hundred Seventy One Dollars and Eighty Eight Cents ($551,271.88),and authorize the entry of judement against them in this amount, together wit interest on this amount at the prime rate of the Bank of Amercia N.T. & S. A., plus one percent (1), to change on the same day as any change in said prime rate, from the date of the Note, compounded annually, and reasonable attorney fees and costs to collect such amount. Defendants acknowledge that this confession of judgment is for a debt justly and presently due and arises out of defendants' breach of the Note. Defendants understand that this confession of judgement authorizes entry of judgment without further proceedings which would authorize execution to enforce payment of the judgment, and that this confession has been executed after the date when the sums described in the statement were due. VERIFICATION I, Xxxxxx X. Xxxxx, am one of the defendants in the above-entitled cause and a guarantor of the Note. I and each of the defendants reside in Multnomah County, including Portland Lofts Associates, L.P.,a Delaware Limited Partnership with its principal place of business in Portland, Oregon. I am a joint venturer in East Bank Angel Joint Venture, and am authorized to sign documents on behalf of East Bank Angel Joint Venture, and Portland Lofts Associates, L.P. I have read the foregoing statement and know the contents thereof. The Same is true of my own knowledge, except as to those matters which are therein alleged on information and belief, and as to those matter, I believe it to be true. I declare under penalty of perjury that the foregoing is true and correct and that this declaration was executed on, , 1996, at Portland, Oregon. XXXXXX X. XXXXX, INDIVIDUALLY PORTLAND LOFTS ASSOCIATES, L.P. BY: East Bank Angel Joint Venture, its general partner by: XXXXXX X. XXXXX its: General Partner EAST BANK ANGEL JOINT VENTURE by: XXXXXX X. XXXXX its: General Partner STATE OF OREGON ) ) ss. County of Multnomah ) The foregoing instrument was acknowledged before me on this 23 day of MAY , 1996 by Xxxxxx X. Xxxxx. XXX XXXXX Notary Public for Oregon My commission expires: 11/26/98 OREGON BANK A SECURITY PACIFIC COMPANY Portland, Oregon, November 3, 1989, $800,000.00 on demand, if no demand September 1, 1990, after date for value received the undersigned promises to pay to STRAIGHT the order of The Oregon Bank at its Real Estate Industr NOTE Group office, in the City of Portland, Oregon, EIGTH HUNDRED THOUSAND AND NO/100THS-----Dollars. In lawful money of the United States of America with interest thereon from dates payable monthly, at the rate below and identified by an "x" in the box next to the ______ description. BJH XX The Oregon Bank's prime rate (defined as that index rate used to price loans which is publicly announced from time to time as the Oregon Bak's prime rate 1.0 % to change on the same day's any change in said prime rate. until paid, and if interest is not so paid, the whole of both principal and interest to become immediately due at the option of the holder of this note. XX All interest shall be clculated on the basis of actual days elapsed over a year of 350 days. In the event that the undersigned shall (1) fail to make any payments due hereunder withing 30 days after such payment is due, whether or not prior to acceleration or demand, or (2) breach and covenant or representation made in connection with the debt evidenced by this note or agreement and such is not cured within 30 days after notice from the Bank, then in either event, and without waiving any default or remedies as a result or such default, the interest rate on the debt evidenced by this note or agreement shall increase by 2% above he interest rate provided for above, effective after the expiration of such 30 day period. In the event of default, each of the undersigned agrees to pay all costs of collection, including attorneys' fees even though no suit or action is filed hereon, and if such or action is filed attorneys' fees and court costs and attorneys' fees and court costs incurred on appea, if any. The Oregon Bank is authorized to share any information concerning the credit of the undersigned with Security Pacific Corporation and its subsidiaries. The Bank is also authorized to respond to credit inquires from other parties and to furnish credit reports in accordance with customary banking practices. SEE ATTACHED SIGNATURE PAGE EXHIBIT A SIGNATURE PAGE FOR STRAIGHT NOTE EAST BANK ANGEL JOINT VENTURE, an Oregon Joint Venture BY: XXXXXX X. XXXXX, XX, VENTURER BY: EAST BANK DEVELOPMENT, NC., an Oregon Corporation, Venturer By: Xxxxxx X.Xxxxxx,President By: Xxxxxx Xxxxxxx, Vice President