Loan No. ▇▇-▇▇▇▇▇▇▇
LOANS TO ONE BORROWER CERTIFICATE
(For corporations and other entities)
General Electric Capital Corporation ("Lender")
c/o GEMSA Loan Services, L.P.
▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇., ▇▇▇▇▇ ▇▇▇
▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇
Re: $6,080,000.00 Loan (herein so called) from Lender to FAIRVIEW PLAZA
ASSOCIATES, L.P., a Delaware limited partnership ("Borrower"); certain
liabilities of the Borrower to be guaranteed by CEDAR INCOME FUND,
LTD., a Maryland real estate investment trust (whether one or more
herein called "Joinder Party")
The undersigned is the applicant for and will become the obligor on the
Loan and hereby certifies to Lender that except for the Loan:
(i) Borrower and ▇▇▇▇▇▇▇ Party (herein individually referred to as
"Obligor"),
(ii) nominees of Obligor,
(iii) persons, trusts, partnerships, syndicates, limited liability
companies and corporations of which Obligor is a nominee, a
beneficiary, a member, a general partner, a limited partner
owning an interest of ten percent or more (based on the value
of Obligor's contribution), or a record or beneficial
stockholder owning ten percent or more of the capital stock,
(iv) trusts, partnerships, syndicates, limited liability companies
and corporations of which any beneficiary, member, general
partner, limited partner owning an interest of ten percent or
more, or record or beneficial stockholder owning ten percent or
more of the capital stock thereof, is also a beneficiary,
member, general partner, limited partner owning an interest of
ten percent or more, or record or beneficial stockholder owning
ten percent or more of the capital stock of Obligor, or
(v) any person that, directly or indirectly, owns or controls, or
is owned or controlled by, (A) Obligor, (B) a nominee of
Obligor, (C) a general partner of limited partner owning an
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interest of ten percent or more of any partnership that is an
Obligor, (D) a beneficiary of a trust that is an Obligor, or
(E) a member of a syndicate that is an Obligor; do not owe you
or any affiliate any balances on outstanding loans except as
follows:
Please check as applicable
[X] None
[ ] See Schedule I attached hereto and fully incorporated herein by
reference for all purposes.
Executed under seal this the ______ day of January, 2003.
BORROWER: FAIRVIEW PLAZA ASSOCIATES, L.P,
a Delaware limited partnership
By: CIF-FAIRVIEW PLAZA ASSOCIATES, LLC,
a Delaware limited liability company,
its General Partner
By: CEDAR INCOME FUND PARTNERSHIP,
L.P., a Delaware limited partnership,
Sole and Managing Member
By: CEDAR INCOME FUND, LTD.,
a Maryland Real Estate Investment
Trust, its General Partner
By:____________________________________
▇▇▇ ▇. ▇▇▇▇▇▇, President
[SEAL]
JOINDER PARTIES: CEDAR INCOME FUND, LTD.,
a Maryland real estate investment trust
By:______________________________________
▇▇▇ ▇. ▇▇▇▇▇▇, President
[SEAL]
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