Common use of Definitions and Background Clause in Contracts

Definitions and Background. 1.1 Capitalized terms used in this Purchase Agreement but not defined herein have the meanings assigned to them in the Indenture of Trust by and between the Issuer and Computershare Trust Company, National Association, a national banking association (the “Trustee”), dated as of 1, 2025 (the “Indenture”). 1.2 This Purchase Agreement is for the sale and delivery of the Issuer’s Multifamily Housing Revenue Bonds (▇▇▇▇▇▇ ▇▇▇ MBS Secured) (Arcade) Series 2025A-1 (the “Long-Term Bonds”) and Multifamily Housing Revenue Bonds (Arcade) Series 2025A-2 (the “Short-Term Bonds,” and together with the Long-Term Bonds, the “Bonds”), which are being issued by the Issuer to provide financing for the Project. The Bonds will be issued pursuant to (i) that certain resolution of the Issuer adopted , 2025 (the “Bond Resolution”), (ii) the provisions of Chapter 7 of Part 5 of Division 31 of the California Health and Safety Code, as amended (the “Act”), and (iii) the terms of the Indenture. The Bonds will be payable from sources pledged under the Indenture, including the moneys and securities from time to time held by the Trustee in the funds and accounts established under the terms of the Indenture (collectively, the “Trust Estate”). In connection with the issuance of the Bonds, the Issuer will execute and deliver this Purchase Agreement; the Indenture; the Financing Agreement among the Issuer, the Trustee and the Borrower (the “Financing Agreement”) dated as of 1, 2025; the Tax Certificate and Agreement by and between the Issuer and the Borrower (the “Tax Certificate”), dated , 2025; and the Regulatory Agreement and Declaration of Restrictive Covenants by and between the Issuer and the Borrower (the “Regulatory Agreement”), dated as of 1, 2025 (collectively, the “Issuer Documents”), and the Borrower will execute and deliver this Purchase Agreement, the Financing Agreement, the Continuing Disclosure Agreement, the Remarketing Agreement, the Tax Certificate, and the Regulatory Agreement (collectively, the “Borrower Documents”). The Issuer Documents and the Borrower Documents are referred to herein as the “Financing Documents.”

Definitions and Background. 1.1 Capitalized 1. 1Capitalized terms used in this Purchase Agreement Contract but not defined herein have the meanings assigned to them in the Trust Indenture of Trust by and between the Issuer and Computershare Trust CompanyZions Bancorporation, National Association, a national banking association (the “Trustee”), ) dated as of March 1, 2025 2023 (the “Indenture”). 1.2 This 1. 2This Purchase Agreement Contract is for the sale and delivery of the Issuer’s $11,275,000 Economic Development Authority of Northampton County and Towns Multifamily Housing Revenue Bonds (▇▇▇▇▇▇ ▇▇▇ MBS Secured) Myrtle Landing Apartments), Series 2023 (Arcade) Series 2025A-1 (the “Long-Term Bonds”) and Multifamily Housing Revenue Bonds (Arcade) Series 2025A-2 (the “Short-Term Bonds,” and together with the Long-Term Bonds, the “Bonds”), ) which are being issued by the Issuer to provide financing for the Project. The Bonds will be issued pursuant to (i) that certain resolution of the Issuer adopted July 28, 2025 2022 (the “Bond Resolution”), (ii) the provisions of Industrial Development and Revenue Bond Act, Chapter 7 of Part 5 of Division 31 49, Title 15.2 of the California Health and Safety CodeCode of Virginia of 1950, as amended (the “Act”), and (iii) the terms of the Indenture. The Bonds will be payable from sources pledged under the Indenture, including the moneys and securities from time to time held by the Trustee in the funds and accounts established under the terms of the Indenture (collectively, the “Trust Estate”). In connection with the issuance of the Bonds, the Issuer will execute and deliver this Purchase AgreementContract; the Indenture; the Financing Agreement among the Issuer, the Trustee and the Borrower (the “Financing Agreement”) dated as of 1, 2025; the Tax Certificate and Loan Agreement by and between the Issuer and the Borrower (the “Loan Agreement”) dated as of March 1, 2023; the Tax CertificateCertificate and Agreement of the Issuer and the Borrower dated March __, 2023 (the “Tax Agreement”), dated , 2025; and the Regulatory Agreement and Declaration of Restrictive Covenants by and between the Issuer and the Borrower (the “Regulatory Agreement”), dated as of 1, 2025 ) (collectively, the “Issuer Documents”), ) and the Borrower will execute and deliver this Purchase AgreementContract, the Financing Loan Agreement, the Continuing Disclosure Agreement, the Remarketing Agreement, the Tax CertificateAgreement, and the Regulatory Agreement (collectively, the “Borrower Documents”). The Issuer Documents and the Borrower Documents are referred to herein as the “Financing Documents.”

Definitions and Background. ‌ 1.1 Capitalized terms used in this Purchase Agreement Contract but not defined herein have the meanings assigned to them in the Trust Indenture of Trust by and between the Issuer and Computershare Trust CompanyWilmington Trust, National Association, a national banking association (the “Trustee”), ) dated as of November 1, 2025 2024 (the “Indenture”). 1.2 This Purchase Agreement Contract is for the sale and delivery of the Issuer’s $64,819,000 Austin Housing Finance Corporation Multifamily Housing Revenue Bonds (▇▇▇▇▇▇ ▇▇▇ MBS Secured) (ArcadeSage at Franklin Park) Series 2025A-1 2024 (the “Long-Term Bonds”) and Multifamily Housing Revenue Bonds (Arcade) Series 2025A-2 (the “Short-Term Bonds,” and together with the Long-Term Bonds, the “Bonds”), ) which are being issued by the Issuer to provide financing for the Project. The Bonds will be issued pursuant to (i) that certain resolution of the Issuer adopted November , 2025 2024 (the “Bond Resolution”), (ii) the provisions of Texas Housing Finance Corporations Act, Chapter 7 of Part 5 of Division 31 of the California Health and Safety 394, Texas Local Government Code, as amended (the “Act”), and (iii) the terms of the Indenture. The Bonds will be payable from sources pledged under the Indenture, including the moneys and securities from time to time held by the Trustee in the funds and accounts established under the terms of the Indenture (collectively, the “Trust Estate”). In connection with the issuance of the Bonds, the Issuer will execute and deliver this Purchase AgreementContract; the Indenture; the Financing Agreement among the Issuer, the Trustee and the Borrower (the “Financing Agreement”) dated as of 1, 2025; the Tax Certificate and Loan Agreement by and between the Issuer and the Borrower (the “Loan Agreement”) dated as of November 1, 2024; the Tax Certificate and Agreement among the Issuer, the Borrower and the Trustee dated November , 2024 (the “Tax Certificate”), dated , 2025; and the Tax Regulatory Agreement and Declaration of Restrictive Covenants by and between the Issuer and the Borrower (the “Regulatory Agreement”), dated as of 1, 2025 ) (collectively, the “Issuer Documents”), ) and the Borrower will execute and deliver this Purchase AgreementContract, the Financing Loan Agreement, the Continuing Disclosure Agreement, the Remarketing Agreement, the Tax Certificate, and the Regulatory Agreement (collectively, the “Borrower Documents”). The Issuer Documents and the Borrower Documents are referred to herein as the “Financing Documents.”

Definitions and Background. 1.1 Capitalized terms used in this Purchase Agreement Contract but not defined herein have the meanings assigned to them in the Trust Indenture of Trust by and between the Issuer and Computershare Trust CompanyWilmington Trust, National Association, a national banking association (the “Trustee”), ) dated as of January 1, 2025 2023 (the “Indenture”). 1.2 This Purchase Agreement Contract is for the sale and delivery of the Issuer’s $9,000,000 Austin Housing Finance Corporation Multifamily Housing Revenue Bonds (▇▇▇▇▇▇ ▇▇▇ MBS Secured) Live Make Apartments), Series 2023 (Arcade) Series 2025A-1 (the “Long-Term Bonds”) and Multifamily Housing Revenue Bonds (Arcade) Series 2025A-2 (the “Short-Term Bonds,” and together with the Long-Term Bonds, the “Bonds”), ) which are being issued by the Issuer to provide financing for the Project. The Bonds will be issued pursuant to (i) that certain resolution of the Issuer adopted December , 2025 2022 (the “Bond Resolution”), (ii) the provisions of Texas Housing Finance Corporations Act, Chapter 7 of Part 5 of Division 31 of the California Health and Safety 394, Texas Local Government Code, as amended (the “Act”), and (iii) the terms of the Indenture. The Bonds will be payable from sources pledged under the Indenture, including the moneys and securities from time to time held by the Trustee in the funds and accounts established under the terms of the Indenture (collectively, the “Trust Estate”). In connection with the issuance of the Bonds, the Issuer will execute and deliver this Purchase AgreementContract; the Indenture; the Financing Agreement among the Issuer, the Trustee and the Borrower (the “Financing Agreement”) dated as of 1, 2025; the Tax Certificate and Loan Agreement by and between the Issuer and the Borrower (the “Loan Agreement”) dated as of January 1, 2023; the Tax Certificate and Agreement among the Issuer, the Borrower and the Trustee dated January , 2023 (the “Tax Certificate”), dated , 2025; and the Tax Regulatory Agreement and Declaration of Restrictive Covenants by and between the Issuer and the Borrower (the “Regulatory Agreement”), dated as of 1, 2025 ) (collectively, the “Issuer Documents”), ) and the Borrower will execute and deliver this Purchase AgreementContract, the Financing Loan Agreement, the Continuing Disclosure Agreement, the Remarketing Agreement, the Tax Certificate, and the Regulatory Agreement (collectively, the “Borrower Documents”). The Issuer Documents and the Borrower Documents are referred to herein as the “Financing Documents.”

Definitions and Background. 1.1 Capitalized terms used in this Purchase Agreement Contract but not defined herein have the meanings assigned to them in the Trust Indenture of Trust by and between the Issuer and Computershare Trust CompanyBOKF, National AssociationNA, a national banking association (the “Trustee”), ) dated as of October 1, 2025 2024 (the “Indenture”). 1.2 This Purchase Agreement Contract is for the sale and delivery of the Issuer’s Multifamily Housing Revenue Bonds (▇▇▇▇▇▇ ▇▇▇ MBS Secured) Tower Road Apartments), Series 2024 (Arcade) Series 2025A-1 (the “Long-Term Bonds”) and Multifamily Housing Revenue Bonds (Arcade) Series 2025A-2 (the “Short-Term Bonds,” and together with the Long-Term Bonds, the “Bonds”), ) which are being issued by the Issuer to provide financing for the Project. The Bonds will be issued pursuant to (i) that certain resolution of the Issuer adopted September 18, 2025 2024 (the “Bond Resolution”), (ii) the provisions of Texas Public Facility Corporation Act, Chapter 7 of Part 5 of Division 31 of the California Health and Safety 303, Texas Local Government Code, as amended (the “Act”), and (iii) the terms of the Indenture. The Bonds will be payable from sources pledged under the Indenture, including the moneys and securities from time to time held by the Trustee in the funds and accounts established under the terms of the Indenture (collectively, the “Trust Estate”). In connection with the issuance of the Bonds, the Issuer will execute and deliver this Purchase AgreementContract; the Indenture; the Financing Agreement among the Issuer, the Trustee and the Borrower (the “Financing Agreement”) dated as of 1, 2025; the Tax Certificate and Loan Agreement by and between the Issuer and the Borrower (the “Loan Agreement”) dated as of October 1, 2024; the Tax CertificateExemption Certificate and Agreement between the Issuer and the Borrower (the “Tax Exemption Agreement”)) dated October 11, dated , 20252024; and the Regulatory Agreement and Declaration of Restrictive Covenants by and between among the Issuer Issuer, the Borrower and the Borrower Trustee (the “Tax Regulatory Agreement”), ) dated as of October 1, 2025 2024 (collectively, the “Issuer Documents”), ; and the Borrower will execute and deliver this Purchase AgreementContract, the Financing Loan Agreement, the Continuing Disclosure Agreement, the Remarketing Agreement, the Tax CertificateExemption Agreement, and the Tax Regulatory Agreement (collectively, the “Borrower Documents”). The Issuer Documents and the Borrower Documents are referred to herein as the “Financing Documents.”