SECURED PROMISSORY NOTE "Principal Amount" (as defined in Dated: February 14, 2002 paragraph 2 below) New York, New York FOR VALUE RECEIVED, Shelbourne Properties III, L.P., a Delaware limited partnership ("Borrower"), hereby promises to pay to...Secured Promissory Note • February 14th, 2002 • Shelbourne Properties Iii Inc • Real estate investment trusts • New York
Exhibit 4 AMENDMENT OF RIGHTS AGREEMENT ----------------------------- AMENDMENT dated as of February 14, 2002 (this "Amendment") to the Shareholder Rights Agreement ("Agreement") dated as of February 8, 2001 between SHELBOURNE PROPERTIES III, INC....Shareholder Rights Agreement • February 14th, 2002 • Shelbourne Properties Iii Inc • Real estate investment trusts • Delaware
