0001193125-13-226159 Sample Contracts

LIMITED LIABILITY COMPANY AGREEMENT OF
Limited Liability Company Agreement • May 17th, 2013 • Blackstone Mortgage Trust, Inc. • Real estate investment trusts • Delaware

This Limited Liability Company Agreement (this “Agreement”) of 42-16 Partners, LLC (the “Company”) is entered into as of May 13, 2013, by Blackstone Mortgage Trust, Inc., a Maryland corporation, as managing member (the “Managing Member”) and Blackstone Holdings Finance Co. L.L.C., a Delaware limited liability company (“Holdings”), as a member of the Company. The Managing Member and Holdings and each other person admitted to the Company in accordance with the terms of this Agreement are referred to herein individually, as a “Member” and collectively, as the “Members.”

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Blackstone Holdings Finance Co. L.L.C. c/o The Blackstone Group L.P.
Blackstone Mortgage Trust, Inc. • May 17th, 2013 • Real estate investment trusts • New York

Reference is hereby made to that certain Limited Liability Company Agreement of 42-16 Partners, LLC, a Delaware limited liability company (the “Company”), dated as of the date hereof (the “JV Agreement”), among Blackstone Mortgage Trust, Inc., a Maryland corporation (“Blackstone Mortgage Trust”), as managing member, Blackstone Holdings Finance Co. L.L.C., a Delaware limited liability company (“Holdings”), as a member and each other person admitted to the Company as a member. Capitalized terms used herein but not otherwise defined herein shall have the meanings assigned to such terms in the JV Agreement.

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