LIMITED LIABILITY COMPANY AGREEMENT OF WHITFIELD SARASOTA LLCLimited Liability Company Agreement • January 15th, 2008 • Lightstone Value Plus Real Estate Investment Trust, Inc. • Real estate investment trusts • Delaware
THIS LIMITED LIABILITY COMPANY AGREEMENT (this “Agreement”) of Whitfield Sarasota LLC (the “Company”), is entered into by Lightstone Sarasota Industrial LLC, a Delaware limited liability company, as the managing member (the “Managing Member”), and LVP Sarasota Industrial LLC, a Delaware limited liability company (”LVP”; together with the Managing Member, collectively, the “Members” and individually, a “Member”). LVP shall sometimes hereinafter also be referred to as the “Non-Managing Member.” Capitalized terms used and not otherwise defined herein have the meanings set forth on Schedule A hereto.
