AMENDMENT NO. 2 TO CREDIT AGREEMENTCredit Agreement • April 14th, 2009 • Wells Timberland REIT, Inc. • Real estate investment trusts • New York
AMENDMENT NO. 2 TO CREDIT AGREEMENT, dated as of May 13, 2008 (this “Agreement”), 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 (such capitalized term and all other capitalized terms not defined herein shall have the meanings provided for in Article I) that are parties hereto, the various financial institutions parties hereto (collectively, the “Lenders”), and COBANK, ACB, as administrative agent (in such capacity, the “Administrative Agent”) for the Lenders.
FIRST AMENDMENT TO PLEDGE AGREEMENTPledge Agreement • April 14th, 2009 • Wells Timberland REIT, Inc. • Real estate investment trusts • New York
THIS FIRST AMENDMENT TO PLEDGE AGREEMENT (the “Amendment”) dated as of October 15, 2008 is made by MWV SPE, LLC, a Delaware limited liability company (“Wells Installment Note Issuer”), Wells Timberland Operating Partnership, L.P., a Delaware limited partnership (“Wells Partnership”), Wells Timberland Acquisition, LLC, a Delaware limited liability company (“Wells Acquisition”; Wells Installment Note Issuer, Wells Partnership and Wells Acquisition are collectively referred to as the “Grantors” and individually as a “Grantor”), and Wachovia Bank, National Association, as Administrative Agent (in such capacity, the “Administrative Agent”) for the Lenders under that certain Subordinated Credit Agreement dated as of October 9, 2007 among Timberlands II, LLC, a Delaware limited liability company (“Wells Timberland”), Wells Acquisition, the various lending institutions from time to time parties thereto, and the Administrative Agent, as amended.
