ContractOperating Agreement • March 31st, 2006 • Presidential Realty Corp/De/ • Real estate investment trusts • Delaware
OPERATING AGREEMENT OF LIGHTSTONE MEMBER III, LLC This Operating Agreement is entered into this 30th day of June, 2005, by and among DAVID LICHTENSTEIN, an individual (“Managing Member”), with an address c/o The Lightstone Group LLC, 326 Third Street, Lakewood, New Jersey 08701; PRESIDENTIAL REALTY CORPORATION, a Delaware corporation, with an address at 180 South Broadway, White Plains, New York 10605 (“PRC”); ROBERT BRVENIK, an individual, (“Brvenik”) with an address at 11410 Seymour Lane, Spotsylvania, Virginia 22553 and NICHOLAS KING, an individual (“King”), with an address at 217 E. Redwood, Suite 20, Baltimore, Maryland 21202. WHEREAS, David Lichtenstein, as the sole member, formed the Company by the filing of a Certificate of Formation with the Delaware Secretary of State on June 16, 2005, and WHEREAS, on June 30, 2005, the Property Owners, each of which is wholly owned by the Macon Burlington Owner, LLC, acquired the Properties, subject to the Mortgage Loan; and WHEREAS, on th
LOAN AGREEMENT Between PRESIDENTIAL REALTY CORPORATION, Lender and LIGHTSTONE MEMBER III, LLC, Borrower Macon Mall Macon, Georgia Burlington Mall Burlington, North Carolina Dated as of June 30, 2005Loan Agreement • March 31st, 2006 • Presidential Realty Corp/De/ • Real estate investment trusts • New York
TABLE OF CONTENTLoan Agreement • March 31st, 2006 • Presidential Realty Corp/De/ • Real estate investment trusts • New York
