0001193125-05-098301 Sample Contracts

EMPLOYMENT AGREEMENT BETWEEN ROBERT PATTERSON AND FIRST STATES GROUP, L.P.
Employment Agreement • May 6th, 2005 • American Financial Realty Trust • Real estate investment trusts • Pennsylvania

This Employment Agreement (the “Agreement”), dated as of March 28, 2005 between First States Group, L.P., a Delaware limited partnership (the “Company”), and Robert Patterson (the “Executive”):

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GUARANTY OF RECOURSE OBLIGATIONS
Guaranty of Recourse Obligations • May 6th, 2005 • American Financial Realty Trust • Real estate investment trusts • New York

This GUARANTY OF RECOURSE OBLIGATIONS, is made as of March 4, 2005 (this Agreement), by FIRST STATES GROUP, L.P., a Delaware limited partnership (Guarantor), having an office at 1725 The Fairway, Jenkintown, Pennsylvania 19046, to and for the benefit of GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation (GACC), having an address at 60 Wall Street, 10th Floor, New York, New York 10005 and BEAR STEARNS COMMERCIAL MORTGAGE, INC., a New York corporation (BSCMI), having an office at 383 Madison Avenue, New York, New York 10179 (GACC and BSCMI together with their respective successors and assigns, collectively, Lender).

LOAN AND SECURITY AGREEMENT Dated as of March 4, 2005 Between FIRST STATES INVESTORS 5200, LLC as Borrower and GERMAN AMERICAN CAPITAL CORPORATION and BEAR STEARNS COMMERCIAL MORTGAGE, INC. Collectively as Lender
Loan and Security Agreement • May 6th, 2005 • American Financial Realty Trust • Real estate investment trusts • New York

This LOAN AND SECURITY AGREEMENT, dated as of March 4, 2005 (as amended, restated, replaced, supplemented or otherwise modified from time to time, this Agreement), between FIRST STATES INVESTORS 5200, LLC, a Delaware limited liability company (Borrower), having an office at c/o First States Group, L.P., 1725 The Fairway, Jenkintown, Pennsylvania 19046, GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation (GACC), having an address at 60 Wall Street, 10th Floor, New York, New York 10005 and BEAR STEARNS COMMERCIAL MORTGAGE, INC., a New York corporation (BSCMI), having an office at 383 Madison Avenue, New York, New York 10179 (GACC and BSCMI together with their respective successors and assigns, collectively, Lender).

FIRST AMENDMENT TO GUARANTY OF RECOURSE OBLIGATIONS
Guaranty of Recourse Obligations • May 6th, 2005 • American Financial Realty Trust • Real estate investment trusts • New York

This First Amendment to Guaranty of Recourse Obligations (the “Amendment”), dated as of April 12, 2005, is made by FIRST STATES GROUP, L.P., a Delaware limited partnership (“Guarantor”), for the benefit of GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation (“GACC”) and BEAR STEARNS COMMERCIAL MORTGAGE, INC., a New York corporation (“GACC” and “BSCMI”, together with their respective successors and assigns, collectively, “Lender”).

FIRST AMENDMENT TO LOAN AGREEMENT
Loan Agreement • May 6th, 2005 • American Financial Realty Trust • Real estate investment trusts • New York

This First Amendment to Loan Agreement (the “Amendment”), dated as of April , 2005, is made by and among FIRST STATES INVESTORS 5200, LLC, a Delaware limited liability company (“Borrower”), GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation (“GACC”) and BEAR STEARNS COMMERCIAL MORTGAGE, INC., a New York corporation (“BSCMI”, together with their respective successors and assigns, collectively, “Lender”).

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