LIMITED GUARANTYLimited Guaranty • March 22nd, 2010 • Colony Financial, Inc. • Real estate investment trusts • New York
This LIMITED GUARANTY (the “Limited Guaranty”) is made as of October 21, 2009, by the first party listed on the signature pages hereto (“Guarantor”) in favor of Merrill Lynch Bank & Trust Co., F.S.B., a federally chartered savings bank (“Seller”). Reference is hereby made to the Purchase and Sale Agreement, dated as of the date hereof, together with any subsequent amendment or amendments thereto (the “Purchase Agreement”), by and among Seller, Bank of America, N.A., a national banking association (“Bank of America”), and Sequoia Acquisition, Inc., a California corporation (“Buyer”). Capitalized terms used but otherwise not defined herein have the meanings ascribed to them in the Purchase Agreement.
