FIRST MODIFICATION AND RATIFICATION OF GUARANTIESGuaranty Modification • March 15th, 2010 • Morgans Hotel Group Co. • Hotels & motels
THIS FIRST MODIFICATION AND RATIFICATION of GUARANTIES (this “First Modification”) is made as of the 24th day of December 2009, by and among MORGANS GROUP LLC, a Delaware limited liability company, having an address at 475 Tenth Avenue, New York, New York 10018, Attention: Marc Gordon, Chief Investment Officer (“Morgans Guarantor”), DLJ MB IV HRH, LLC, a Delaware limited liability company, having an address c/o DLJ Merchant Banking Partners, 11 Madison Avenue, New York, New York 10010, Attention: Ryan Sprott (“DLJ Guarantor”; and collectively with Morgans Guarantor, each, individually, a “Guarantor”, and collectively, “Guarantors”), and NRFC WA HOLDINGS, LLC, a Delaware limited liability company, having an address at c/o NorthStar Realty Finance Corp., 399 Park Avenue, 18th Floor, New York, New York 10022 (as successor in interest to Column Financial, Inc. under the Loan (as defined below), and together with its successors and assigns, “Lender”).
