0001193125-15-216608 Sample Contracts

Citibank, N.A. 390 Greenwich Street New York, New York 10013
Letter Agreement • June 9th, 2015 • Sierra Income Corp

The purpose of this letter agreement is to set forth the terms and conditions of the Transactions entered into between Citibank, N.A. (“Citibank”) and Arbor Funding LLC, a limited liability company formed under the laws of the State of Delaware (“Counterparty”), in relation to the Trade Date specified below (each, a “Transaction” and, collectively, the “Transactions”). This letter constitutes a “Confirmation” as referred to in the Master Agreement specified below.

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