SECURED GUARANTY PLEDGE AGREEMENTSecured Guaranty Pledge Agreement • December 14th, 2007 • Wells Timberland REIT, Inc. • Real estate investment trusts • Georgia
THIS SECURED GUARANTY PLEDGE AGREEMENT (the “Pledge Agreement”) is entered into as of October 9, 2007, between WELLS ADVISORY SERVICES I, LLC, a Georgia limited liability company (“WAS I” and the “Pledgor”) and WACHOVIA BANK, NATIONAL ASSOCIATION, in its capacity as the Administrative Agent (in such capacity, the “Administrative Agent”) for the various lending institutions as are, or may from time to time become, parties thereto (collectively, the “Lenders”) under the Subordinated Credit Agreement referred to below.
