AMENDMENT NO. 2 TO SUBORDINATED CREDIT AGREEMENTSubordinated Credit Agreement • March 27th, 2008 • Wells Timberland REIT, Inc. • Real estate investment trusts • New York
AMENDMENT NO. 2 TO SUBORDINATED CREDIT AGREEMENT, dated as of February 29, 2008 (this “Amendment”), among TIMBERLANDS II, LLC, a Delaware limited liability company (“Wells Timberland”), and WELLS TIMBERLAND ACQUISITION, LLC, a Delaware limited liability company (“Wells Acquisition”; Wells Timberland and Wells Acquisition, each a “Borrower” and, collectively, the “Borrowers”), the various other Loan Parties (as defined below) that are parties hereto, the various financial institutions parties hereto (collectively, the “Lenders”), and WACHOVIA BANK, NATIONAL ASSOCIATION, as administrative agent (in such capacity, the “Administrative Agent”) for the Lenders.
