The Lender and the Borrower agree and confirm that the amount due under the Loan Documents as of the date of this Amendment is One Million Six Hundred Thirty-Two Thousand, Two Hundred Forty-Two and 64/100 ($1,632,242.64) (the “ Current Balance ”), inclusive of the outstanding principal balance and accrued but unpaid interest, monitoring and consulting fees, and other costs, fees and expenses. The Borrower acknowledges that the Loan Documents are enforceable in accordance with their terms and that the Current Balance is an enforceable obligation of the Borrower.