CONSTRUCTION LOAN TERM SHEET Gulfstream Park and The Meadows Gulfstream Construction LoanConstruction Loan Term Sheet • December 9th, 2004 • Mi Developments Inc • Real estate
BORROWER: GULFSTREAM PARK RACING ASSOCIATION, INC. (the "Gulfstream Borrower"), the owner of the Gulfstream Property and the Aventura Lands (in each case as hereinafter defined). The Gulfstream Borrower shall not be permitted to assign its obligations under the Gulfstream Construction Loan Agreement or The Meadows Construction Loan Agreement (in each case as hereinafter defined).
