Carve-Out Guaranty Sample Contracts

FORM OF CARVE OUT GUARANTY
Carve Out Guaranty • August 6th, 2009 • FelCor Lodging Trust Inc • Real estate investment trusts • New York

THIS CARVE OUT GUARANTY (this “Guaranty”) is entered into as of June __, 2009, by FELCOR LODGING TRUST INCORPORATED (“Guarantor”), in favor of JPMORGAN CHASE BANK, N.A., as administrative agent (in such capacity, “Administrative Agent”) for the banks and other financial institutions (“Lenders”) that are parties to the Loan Agreement described below.

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CARVE-OUT GUARANTY
Carve-Out Guaranty • March 31st, 2005 • Comstock Homebuilding Companies, Inc. • Operative builders • Virginia

THIS CARVE-OUT GUARANTY (this “Guaranty”) dated as of January 27, 2005, is made by COMSTOCK HOMEBUILDING COMPANIES, INC., a Delaware corporation (“Guarantor”), in favor of CORUS BANK, N.A. (“Lender”).

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