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7. Default. <br /> <br />(a) Default under the Loan Agreement. shall be a Default under this Note; <br /> <br /> (b) Upon the occurrence of a Default. the remedies under the Loan Agreement <br />shall be the remedies under this Note. <br /> <br /> (c) The failure to exercise the remedy set forth in Subsection 7(b) above or <br />any other remedy provided by law upon the occurrence of a Default shall not constitute a waiver <br />of the right to exercise any remedy at any subsequent time in respect to the same or any other <br />default. <br /> <br />8. Miscellaneous Provisions. <br /> <br /> (a) All notices to the Holder or the Borrower shall be given in the manner and <br />at the addresses set forth in the Loan Agreement, or to such addresses as the Holder and the <br />Borrower may hereinafter designate. <br /> <br /> (b) This Note may not be changed orally, but only by an agreement in writing <br />signed by the party against whom enforcement of any waiver, change, modification or discharge <br />is sought. <br /> <br /> (c) This Note shall be governed by and construed in accordance with the laws <br />of the State of California. <br /> <br /> (d) This document, together with the Loan Agreement, contains the entire <br />agreement between the parties as to the Loan. It may not be modified except upon written <br />consent of the parties. <br /> <br />BORROWER: <br /> <br />BLP Partnership. Inc., a California nonprofit public <br />benefit corporation <br /> <br />By: <br /> <br />Its: Executive Director <br /> <br />144\105\159065.5 2 <br /> <br /> <br />