On June 9, 2023, Greystone Housing Impact Investors LP (the “Partnership”) entered into a Second Amendment to Credit Agreement and Annex A to Second Amendment (collectively, the “Second Amendment”), with BankUnited, N.A. and Bankers Trust Company (collectively, the “Lenders”), and the sole lead arranger and administrative agent, BankUnited, N.A. (the “Administrative Agent”) which modifies certain provisions of the Credit Agreement dated June 11, 2021, as amended by the First Amendment to Credit Agreement dated November 30, 2021 (the “First Amendment”). The material amendments to the Credit Agreement accomplished by the Second Amendment consisted of: (i) updating the name of the Borrower (as defined therein) to Greystone Housing Impact Investors LP; (ii) a 30-day extension of the Initial Maturity Date (as defined therein) to July 12, 2023; and (iii) changing the annual interest rate to the sum of Term SOFR as published by the CME Group Benchmark Administration Limited, plus an interest rate spread of 3.25%, plus a credit spread adjustment of 0.11448% (the “Term SOFR Rate”). In conjunction with the amendments described in item (iii) above, the Second Amendment included various definitional updates related to the incorporation of the Term SOFR Rate, which replace various terms in the Credit Agreement previously related to LIBOR.

There were no fees paid to the Lenders or Administrative Agent associated with the Second Amendment.