WAIKELE RESERVE WEST HOLDINGS, LLC and WAIKELE VENTURE HOLDINGS, LLC (collectively, as Borrower) and BEAR STEARNS COMMERCIAL MORTGAGE, INC., as Lender NOTE SEVERANCE AND LOAN DOCUMENT MODIFICATION AGREEMENTNote Severance and Loan Document Modification Agreement • September 13th, 2010 • American Assets Trust, Inc. • California
THIS NOTE SEVERANCE AND LOAN DOCUMENT MODIFICATION AGREEMENT (as amended, restated, supplemented or otherwise modified from time to time, this “Agreement”) dated as of November 3, 2004 between BEAR STEARNS COMMERCIAL MORTGAGE, INC., a New York corporation, having an address at 383 Madison Avenue, New York, New York 10179 (together with its successors and assigns, “Lender”) and WAIKELE RESERVE WEST HOLDINGS, LLC, a Delaware limited liability company, having an address at 11455 El Camino Real, Suite 200, San Diego, California 92130 (“West”) and WAIKELE VENTURE HOLDINGS, LLC, a Delaware limited liability company, having an address at 11455 El Camino Real, Suite 200, San Diego, California 92130 (“Venture”; West and Venture are individually or collectively (as the context requires) referred to herein as “Borrower”).
