EXECUTION VERSION LIMITED RECOURSE JIM COLBERT GOLF GUARANTY This Limited Recourse Guaranty (this "Guaranty"), dated as of July 19, 2002, is made by JIM COLBERT GOLF, INC., a Nevada corporation (the "Guarantor"), in favor of BNY MIDWEST TRUST COMPANY,...Limited Recourse Guaranty • July 23rd, 2002 • National Golf Properties Inc • Real estate investment trusts • California
RECITALSLimited Recourse Guaranty • July 23rd, 2002 • National Golf Properties Inc • Real estate investment trusts • California
EXECUTION VERSION LIMITED RECOURSE DAVID G. PRICE GUARANTY This Limited Recourse Guaranty (this "Guaranty"), dated as of July 19, 2002, is made by DAVID G. PRICE, an individual and THE DAVID G. PRICE TRUST dated March 5, 1998 (as amended)...Limited Recourse Guaranty • July 23rd, 2002 • National Golf Properties Inc • Real estate investment trusts • California