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7.15 Headings. The headings within this Agreement are for the purpose of reference <br />only and shall not limit or otherwise affect any of the terms of this Agreement. <br />7.16 Counterparts. This Agreement may be executed in counterparts, each of which <br />shall be deemed an original, but all of which together shall constitute one and the same <br />agreement. <br />7.17 Subordination. City agrees to subordinate this Loan to any lender and any loan <br />for acquisition, development and/or construction of the Project or the Apartment Project. City <br />agrees to execute the appropriate documents and/or agreements required by a lender to evidence <br />subordination of this Loan. <br />SIGNATURES ON FOLLOWING PAGE <br />IN WITNESS WHEREOF, the City and the Borrower have executed this Agreement as <br />of the date first above written. <br />CITY OF SAN LEANDRO, <br />a California Charter City <br />By: <br />City Manager <br />ATTEST: <br />By: <br />City Clerk <br />REVIEWED AS TO FORM <br />LI -M <br />City Attorney <br />BRIDGE Economic Development Corporation, <br />a California nonprofit public benefit corporation <br />Ann Silverberg, Vice President <br />2743881.2 11 <br />