0001193125-05-228038 Sample Contracts

COMBINED PLEDGE AGREEMENT
Combined Pledge Agreement • November 17th, 2005 • American Land Lease Inc • Real estate investment trusts • Colorado

This Combined Pledge Agreement (this “Agreement”) is made as of October 18, 2005 by TITAHO LIMITED PARTNERSHIP, RLLLP, a Colorado limited liability limited partnership (“Titaho”) and TITAHOTWO LIMITED PARTNERSHIP, RLLLP, a Colorado limited liability limited partnership (“Titahotwo”) (Titaho and Titahotwo are sometimes hereinafter individually referred to as “Pledgor” and collectively referred to as “Pledgors”), each of whose address is 4582 South Ulster St. Pkwy., Suite 405, Denver, CO 80237, in favor of U.S. BANK NATIONAL ASSOCIATION (“Bank”), whose main office address in Colorado is 918 Seventeenth Street, Denver, CO 80202.

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CREDIT AGREEMENT
Credit Agreement • November 17th, 2005 • American Land Lease Inc • Real estate investment trusts • Colorado

This Credit Agreement is made as of October 18, 2005, between TITAHOTWO LIMITED PARTNERSHIP, RLLLP, a Colorado limited liability limited partnership (“Borrower”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association (“Bank”).

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