Debt Financing Modification

On November 18, 2011, Tower Properties Company signed a loan modification associated with the $7,100,000 of financing that originated on September 5, 2008 for the three Corinth office buildings in Prairie Village, Kansas at 4121 W. 83^rd Street (Corinth Executive Building), 8340 Mission Road (Corinth Office Building), and 4200 Somerset Drive (Somerset Building).  The loan is a 10-year limited recourse loan (25 year amortization) that matures on September 1, 2018 and has a current outstanding balance of $6,701,000.  The loan modification reduces the interest rate on this loan from 6.6% to 4.95% for the remaining term of the loan.