LOAN AGREEMENT

Entered into between

- DCB INVEST, a Maryland LLC situated at 3503 Glen Avenue, Baltimore Maryland 21215, owned by
OPLDC INVEST LLC and BRAUMAN FUNDS EQUITY and duly represented by Mr David BRAUMAN of
French nationality, residing at 12 Place du Général Kœnig 75017 Paris and born on
July 4 1982 and Mr Laurindo FIGUEIREDO DA COSTA, residing at Calle Diputacio
296, 08009 Barcelona Spain, of Portuguese nationality and born on June 4 1979

(the "Borrower");

AND

- Mr Diego PIZZAMIGLIO, residing at rue des Minimes 24 à 1000 BRUXELLES

BELGIUM, of French nationality and born on August 10 1974;

(the "Lender").

RECITALS
A. Lender has accepted to lend and Borrower has accepted to borrow a loan in the amount of requested
loans in an aggregate principal amount of Three Hundred Thousand Dollars ($300.000) (the "Loan"),
the proceeds of which will be used (i) to pay initial and ongoing costs of and related to the Projects
(defined here-under), and (ii) for general partnership purposes;

B.Borrower guarantees its Obligations (set out hereunder) and to secure its respective Obligations by
granting to Lender, a Lien (subordinated in favor of Lender) on all of its assets in Baltimore (regarding
only the capital invested and not the interest); and

C.Lender is willing to make the Term Loan Advance on the terms and conditions set forth in this Agreement.

NOW, THEREFORE, Borrower and Lender agree as follows:

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SECTION 1. DEFINITIONS AND RULES OF CONSTRUCTION
1.1 Unless otherwise defined herein, the following capitalized terms shall have the following meanings:

“Advance” means the Term Loan Advance.

“Advance Date” means the funding date of the Term Loan Advance, more precisely the date when the
corresponding funds are on Borrower’s account.

“Adverse Proceeding” means any action, suit, proceeding, hearing (in each case, whether administrative,
judicial or otherwise), governmental investigation or arbitration at law or before or by any Governmental
Authority, domestic or foreign at the time of the signature of the present Agreement.

“Interest Rate” means the interest rate of 7% paid annually from the Borrower to the Lender.

“Borrower” has the meaning given to it in the preamble to this Agreement.

“Lender” has the meaning given to it in the preamble to this Agreement.

“Lien” means any lien, mortgage, pledge, assignment, security interest, charge or encumbrance of any kind
(including any agreement to give any of the foregoing, any conditional sale or other title retention
agreement, and any lease or license in the nature thereof)

“Loan” means the Advances made under this Agreement.

“Material Adverse Effect” means a material adverse effect on and/or material adverse developments with
respect to (i) the business, operations, properties, assets or financial condition of the Borrower; and (ii) the
ability of Borrower or Lender to fully and timely perform its obligations as and when due.

“Person” means and includes natural persons, corporations, limited partnerships, general partnerships,
limited liability companies, limited liability partnerships, joint stock companies, Joint Ventures,
associations, companies, trusts, banks, trust companies, land trusts, business trusts or other organizations,
whether or not legal entities, and Governmental Authorities.

“Projects” means the project to purchase, renovate, rent and sell Real Estate Assets (defined hereunder) in
Baltimore.

“Real Estate Asset” means each parcel of real property owned or leased by Borrower.

“Term Loan Advance” shall have the meaning assigned to such term in Section 2.1.

“Term Loan Interest Only Period” means the interest only period beginning on the Advance Date and
ending on the fifth year after such Advance Date.

“Term Loan Maturity Date” means , or in other words, 3 years after the Advance Date.

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SECTION 2. THE LOAN
2.1 Term Loan Advance.

(a) Advance. Subject to the terms and conditions of this Agreement, Lender shall make, and Borrower
agrees to draw, an Advance of $ three hundred thousand euros (300 000€) (the “Term Loan Advance”) on
the Advance Date.

(b) Interest. The principal balance of the Term Loan Advance shall bear interest thereon from such
Advance Date at the interest rate of 7% per year after the Advance Date.

(c) Payment during the Term Loan Interest Only Period. During the Term Loan Interest Only Period,
Borrower will pay to Lender the 7% interest mentioned here-above (7% of the Term Loan Advance without
any interest accrual) on the first day of each year, beginning the year after the Advance Date. The
Borrower has the option to pay the aforesaid sum over 12 months during that same year on the 10 th of
each month.

However, on the same note, if Borrower’s cash flows are not enough to cover the 7% interest on any given
year, the Lender shall receive the percentage of the net operating surplus which is the percentage of the
Term Loan Advance in respect to the total amount of investment at the time of the Advance Date. Of
course, such sum can never exceed the 7% interest mentioned here-above.

(d) Payment of the entire Term Loan Advance. The entire Term Loan Advance shall be due and payable on
Term Loan Maturity Date (along with of course the 7% interest rate corresponding to 2.1 (c)).

(e) Option for Lender. Lender may demand the reimbursement of his loan from the beginning of the 3 rd
year following the Advance Date. In this case, the amount reimbursed shall be the amount of the Term
Loan Advance minus the sum of all of the interest payments received since the Advance Date in
accordance with Loan. Borrower will reimburse the aforesaid sum within a year after the demand for
reimbursement has been made.

(f) Payment obligation. Borrower shall make all payments under this Agreement without setoff,
recoupment or deduction and regardless of any counterclaim or defense.

(g) Clarification of Payments. The only payments Borrower is to make to Lender are simply the Term Loan
Interest Rate of 7% per year (or the prorata of the Lender’s net operating surplus as mentioned here-
above) and the Term Loan Advance itself.

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SECTION 3. REPRESENTATIONS AND WARRANTIES OF BORROWER
3.1 Organization; Requisite Power and Authority; Qualification.

The Borrower :

a) is duly organized, validly existing and in good standing under the laws of Maryland, its
jurisdiction of organization;
b) has all requisite power and authority to own and operate its properties, to carry on its
business as now conducted.

The Lender (if a corporation) :

a) is duly organized, validly existing and in good standing under the laws of ___________, its
jurisdiction of organization;
b) has all requisite power and authority to own and operate its properties, to carry on its
business as now conducted and as proposed to be conducted, and to carry out the present
Agreement.

3.2 Adverse Proceedings, Etc.

There are no Adverse Proceedings, individually or in the aggregate, that could reasonably be expected to
have a Material Adverse Effect on Borrower or Lender.

Neither Borrower nor Lender is not subject to or in default with respect to any final judgments, writs,
injunctions, decrees, rules or regulations of any court or any federal, state, municipal or other
governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign,
that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

SECTION 4. COSTS AND EXPENSES

Each party shall pay it’s own costs (incidental, direct and otherwise) in the context of the present
Agreement.

SECTION 5. METHOD OF PAYMENT

All payments, whether they be from the Borrower or the Lender, shall be made by bank wire. The wire
instructions of the Borrower are here-attached as Exhibit A. The wire instructions of Lender shall be
provided by overnight mail 15 days before the first anniversary of the Advance Date. If the Lender wishes
to modify his wiring instructions, such modified information shall be carried out in the same way (at least
15 days before the payment date in question).

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SECTION 6. SEVERABILITY
Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Agreement shall be prohibited by or invalid
under such law, such provision shall be ineffective only to the extent and duration of such prohibition or
invalidity, without invalidating the remainder of such provision or the remaining provisions of this
Agreement.

SECTION 7. NOTICE
Except as otherwise provided herein, any notice, demand, request, consent, approval, declaration or other
communication with respect to the subject matter hereof shall be in writing, and shall be deemed to have
been validly served, given, delivered, and received upon the earlier of: (i) the day of transmission by
facsimile or hand delivery or delivery by an overnight express service or overnight mail delivery service; or
(ii) email with confirmation of receipt. Each case addressed to the party to be notified as follows:

(a) If to Lender: Mr Diego PIZZAMIGLIO

Address : rue des Minimes 24 à 1000 BRUXELLES BELGIUM
Telephone: 0032 473 33 00 68
Email: jurisdiego@yahoo.com

(b) If to Borrower: DCB INVEST

Address : 4400 Sidehill Road, Baltimore Maryland 21229
Telephone: 001 213 212 9565
Email: contact@dcbinvest.com

or to such other address as each party may designate for itself by like notice.

SECTION 8. ENTIRE AGREEMENT

This Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the
subject matter hereof and thereof, and supersedes and replaces in its entirety any prior proposals, term
sheets, letters, negotiations or other documents or agreements, whether written or oral, with respect to
the subject matter hereof or thereof (including Borrower’s brochure). None of the terms of this Agreement
may be amended except by an instrument executed by each of the parties hereto.

SECTION 9. NO STRICT CONSTRUCTION

The parties hereto have participated jointly in the negotiation of this Agreement. In the event an ambiguity
or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the
parties hereto and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue
of the authorship of any provisions of this Agreement.
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SECTION 10. NO SUBORDINATION
The present loan shall rank senior to and shall not be subordinated to any future indebtedness debt of the
Borrower.

SECTION 11. PRESERVATION OF EXISTENCE

The Borrower shall preserve and maintain its existence and shall comply in all material respects, with all
applicable laws, rules, regulations and orders.

SECTION 12. GOVERNING LAW

This Agreement shall be governed by, construed and enforced in accordance with the laws of the State of
Maryland, excluding conflict of laws principles that would cause the application of laws in other
jurisdictions.

SECTION 13. CONSENT TO JURISDICTION AND VENUE

All judicial proceedings arising in or under or related to this Agreement may be brought in any state or
federal court located in the State of Maryland.

SECTION 14. CONFIDENTIALITY

Lender acknowledges that certain items in the context of this Agreement provided to Lender by Borrower
are confidential and proprietary information of Borrower, if and to the extent such information either (i.) is
marked as confidential by Borrower at the time of disclosure, or (ii.) should reasonably be understood to
be confidential.

Accordingly, Lender agrees that any confidential information it may obtain in the course of acquiring,
administering, or perfecting Lender’s security interest in the Collateral shall not be disclosed to any other
Person or entity in any manner whatsoever, in whole or in part, without the prior written consent of
Borrower.

SECTION 15. COUNTERPARTS

This Agreement and any amendments, waivers, consents or supplements hereto may be executed in any
number of counterparts, and by different parties hereto in separate counterparts, each of which when so
delivered shall be deemed an original, but all of which counterparts shall constitute but one and the same
instrument.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered
by their respective agents thereunto duly authorized as of the date first written above.

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BORROWER: LENDER:

DCB INVEST Diego Pizzamiglio

Signature: /s/ ________________ Signatures: ________________

Print Name: _____________ Print Names: _____________

Title: ______________ Title: ______________

Signature: /s/ ________________

Print Name: _____________

Title: ______________

Accepted in ____________________

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