ADDENDUM TO SECURITY AND PLEDGE AGREEMENT
The undersigned, CBO REIT, Inc. ("CBO REIT"):
(i) agrees to all of the provisions of the Security and Pledge Agreement,
dated as of April 17, 2001 (as amended, supplemented or otherwise modified prior
to the date hereof, the "Security Agreement"), made by CRIIMI MAE INC. (together
with its successors and assigns, the "Grantor") in favor of the Collateral
Agent, for the benefit of the Series A Note Holders, the Series B Note Holders
and the Repo Purchaser, and confirms and ratifies each and all of the security
interests granted by the Grantor pursuant to the Security Agreement; and
(ii) effective on the date hereof, becomes a party to the Security
Agreement, with the same effect as if CBO REIT were an original signatory to the
Security Agreement and with the applicable representations and warranties
contained therein being deemed to be made by it on and as of the date hereof.
Terms defined in the Security Agreement and the Indentures shall have such
defined meanings when used herein.
By its acceptance hereof, the undersigned CBO REIT hereby ratifies and
confirms its respective obligations under the Security Agreement, as
supplemented hereby.
CBO REIT, Inc.
/s/By:
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Name: Xxxxx X. Xxxxxxxxx
Title: Executive Vice President
Date: April 17, 2001
ACCEPTED AND AGREED:
XXXXXXX LYNCH, PIERCE, XXXXXX & XXXXX,
INCORPORATED, as Collateral Agent
/s/By:
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Name: Xxxxxx X. Xxxxx
Title: Vice President
