AMENDMENT NO. 5 TO SUBORDINATED CREDIT AGREEMENTSubordinated Credit Agreement • March 30th, 2009 • Wells Timberland REIT, Inc. • Real estate investment trusts • New York
AMENDMENT NO. 5 TO SUBORDINATED CREDIT AGREEMENT, dated as of March 30, 2009 (this “Amendment”), among TIMBERLANDS II, LLC, a Delaware limited liability company (“Wells Timberland”), WELLS TIMBERLAND OPERATING PARTNERSHIP L.P., a Delaware limited partnership (“Wells Partnership”; Wells Partnership and Wells Timberland, each a “Borrower” and, collectively, the “Borrowers”), the various other Loan Parties that are parties hereto, the various financial institutions that are parties hereto (collectively, the “Lenders”), and WACHOVIA BANK, NATIONAL ASSOCIATION, as administrative agent (in such capacity, the “Administrative Agent”) for the Lenders.
