Andrew A. Weiderhorn c/o Fog Cutter Capital Group, Inc. 1410 SW Jefferson Street Portland, Oregon 97201Shareholder Agreement • May 13th, 2004 • Fog Cutter Capital Group Inc • Real estate investment trusts
You hereby agree to retain ownership of 100,000 shares (the "Retained Shares") of your existing shares of the common stock of Fog Cutter Capital Group Inc. (the "Company") until at least March 1, 2005; provided, however that you may make transfers of the Retained Shares by gift to your spouse or lineal descendants, to any trust for your benefit or the benefit of your spouse and/or lineal descendants, or to your personal representative upon your death for purposes of administration of your estate; provided further that any such transferee shall, prior to such transfer, consent in writing to be bound by this agreement. Your remaining shares of the Company net of (excluding) the Retained Shares can be sold at any time by you.
