BANCO POPULAR R October 30. 2015 Mr. Thomas Mukomal President IGY-AYH St. Thomas Holdings, LLC 717 5th Avenue 18th Floor New York, New York 10022 Re: Commercial Term Loan $12,979,200.00 (Original balance $15,300,000.00) Dear Mr. Mukomal: Banco Popular de Puerto Rico Post Office Box 8580 St. Thomas. VI 00801-8580 We are pleased to advise you that Banco Popular de Puerto Rico (the "Bank") has approved a credit accommodation in the amount of Twelve Million Nine Hundred Seventy Nine Thousand Two Hundred and 00/100 Dollars ($12,979,200.00) (the "Loan"), to IGY-AYH St. Thomas Holdings, LLC., (the 'Borrower"). The Loan shall be advanced on the terms, security and subject to compliance with the conditions set forth below: The proceeds of the Loan, as outlined below, are to be used for such purposes and for such purposes only as related below. 1. DESCRIPTION OF AMOUNT, PURPOSE, REPAYMENT TERMS AND INTEREST RATE: Term Loan A. AMOUNT: $12,979,200.00 B. PURPOSE: The purpose of the facility is the restructure the interest rate and maturity date of commercial loan number 104-9002644991-9001. C. REPAYMENT TERMS OPTION I Term: Two (2) years based on a twenty five (25) year amortization schedule. Repayment Schedule: The loan shall be repaid as follows: (i) Twenty three (23) consecutive monthly installments of Principal of $33,000.00 plus Interest, and (ii) a twenty fourth (24th) and final installment of $12,220,200.00 plus accrued interest to the date of final payment. OPTION II Term: Seven (7) years, based on a twenty five (25) year amortization schedule. EFTA00803921