Exceptions to Non-Recourse Guaranty Sample Contracts

RECITALS
Exceptions to Non-Recourse Guaranty • August 10th, 2005 • Brookdale Senior Living Inc. • California
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EXCEPTIONS TO NON-RECOURSE GUARANTY
Exceptions to Non-Recourse Guaranty • May 18th, 2010 • Lightstone Value Plus Real Estate Investment Trust, Inc. • Real estate investment trusts • New York

This EXCEPTIONS TO NON-RECOURSE GUARANTY (this “Guaranty”) is entered into as of June 30, 2006, by LIGHTSTONE HOLDINGS, LLC, a Delaware corporation, having an address at 326 Third Street, Lakewood, New Jersey 08701 (“Guarantor”), for the benefit of CITIGROUP GLOBAL MARKETS REALTY CORP., a New York corporation, having an address at 388 Greenwich Street, 19th Floor, New York, New York 10013, and/or any subsequent holder of the Note (“Lender”).

EXCEPTIONS TO NON-RECOURSE GUARANTY
Exceptions to Non-Recourse Guaranty • July 2nd, 2008 • Care Investment Trust Inc. • Real estate investment trusts

This Exceptions to Non-Recourse Guaranty (“Guaranty”) is entered into as of June 26, 2008, by the undersigned (the “Key Principal” whether one or more), for the benefit of RED MORTGAGE CAPITAL, INC., an Ohio corporation, and/or any subsequent holder of the Note (the “Lender”).

RECITALS
Exceptions to Non-Recourse Guaranty • June 15th, 2004 • Inland Western Retail Real Estate Trust Inc • Real estate investment trusts
MULTI-STATE)
Exceptions to Non-Recourse Guaranty • January 25th, 2006 • Education Realty Trust, Inc. • Real estate investment trusts • New York
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