AMENDMENT NO. 1 TO MANAGEMENT AGREEMENTManagement Agreement • April 3rd, 2018 • Owens Realty Mortgage, Inc. • Real estate investment trusts • California
This Amendment No. 1 (this "Amendment") is executed as of April 2, 2018 between Owens Realty Mortgage, Inc. a Maryland corporation (the "Company"), and Owens Financial Group, Inc., a California corporation (the "Manager"), for the purpose of amending the Management Agreement between the Company and the Manager dated May 20, 2013, as amended (the "Management Agreement"). Capitalized terms used herein but not defined shall be given the meanings assigned to them in the Management Agreement.
