Golf Trust of America, Inc.: Amendment to Employment Agreement, Assignment of Pledged Shares and Forgiveness of Loan Dear Brad:Golf Trust of America Inc • March 30th, 2004 • Real estate investment trusts
With reference to that certain (i) Second Amended and Restated Employment Agreement (the "Employment Agreement") dated February 25, 2001, by and between you and Golf Trust of America, Inc. (the "Company"), (ii) Master Pledge Agreement dated February 26, 2001, by and between you and the Company (the "Pledge Agreement"), and (iii) the non-recourse Master Promissory Note dated February 26, 2001 executed by you for the benefit of the Company (the "Note" and together with the Employment Agreement and Pledge Agreement, the "Agreements"), and in consideration of the modified obligations of the respective parties hereto, you (the "Executive") and the Company hereby agree as follows:
LOAN AGREEMENTLoan Agreement • March 30th, 2004 • Golf Trust of America Inc • Real estate investment trusts • South Carolina
THIS LOAN AGREEMENT (this "Loan Agreement") dated the 18th day of March 2004 is made and executed by and between TEXTRON FINANCIAL CORPORATION, a Delaware corporation ("Textron"), and GTA STONEHENGE, LLC, a South Carolina limited liability company ("Borrower").
MORTGAGE SECURITY AGREEMENT AND FIXTURE FILING Dated as of March 18, 2004 from GOLF TRUST OF AMERICA, L.P, a Delaware limited partnership having an office at 14 N. Adger's Wharf Charleston, SC 29401 Attention: M. Bradley Blair, II and Brendan Magee...Security Agreement and Fixture Filing • March 30th, 2004 • Golf Trust of America Inc • Real estate investment trusts • South Carolina
THIS MORTGAGE, SECURITY AGREEMENT AND FIXTURE FILING (as amended, supplemented, restated or otherwise modified from time to time, this "Mortgage") is made and entered into as of the 18th day of March, 2004, by GOLF TRUST OF AMERICA, L.P.., a Delaware limited partnership, having a mailing address of 14 N. Adger's Wharf, Charleston, South Carolina 29401, Attention: W. Bradley Blair, II and Brendan Magee (hereinafter referred to as "Mortgagor"), in favor of TEXTRON FINANCIAL CORPORATION, a Delaware corporation, having a mailing address of 11575 Great Oaks Way, Suite 210, Alpharetta, Atlanta, GA 30022, Attention: President—Golf Finance (hereinafter referred to as the "Mortgagee").
