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CONSENT OF LENDER <br />The undersigned (as successor-in-interest to Fremont Investment & Loan, a <br />California industrial bank, "Beneficiary") holds the beneficial interest in that certain Deed of <br />Trust and Fixture Filing recorded in the Office of the County Recorder of Orange on June 20, <br />2006 as Instrument No. 2006000411437 (as amended, the "iStar Deed of Trust"), which <br />iStar Deed of Trust encumbers all or a portion of the Property covered by the First <br />Amendment to Development Agreement ("Amendment"). The undersigned hereby <br />consents to the foregoing Amendment and agrees that the Amendment shall continue in full <br />force and effect, even in the event of foreclosure or trustee's sale pursuant to the iStar Deed <br />of Trust, or any other acquisition of title by the undersigned, its successors or assigns, of all <br />or any portion of the real property covered by the iStar Deed of Trust. <br />Dated: ~o r' q / ~ g <br />ISTAR FM LOANS LLC <br />,~ j~,w- <br />sy: <br />Name: RAC G~i~~'i~~t~r/ <br />Title: Vt~ /~,e~,SidB~rr <br />STATE OF CALIFORNIA ) <br />ss. <br />COUNTY OF ) <br />On ~~,,,z ~~~~ before me, (here insert name and title of the officer), <br />personally appeared 2; ~.,~, ~, t(Q,~ -- -> who proved to me on the basis of satisfactory <br />evidence to be the person(~vhose names} is/axe subscribed to the within instrument and <br />acknowledged to me that he/sla~key executed the same in his/lrerftkeir authorized <br />capacity(ags), and that by his~ir signatures-) on the instrument the persons), or the <br />entity upon behalf of which the person(-}acted, executed the instrument. <br />I certify under PENALTY OF PERJURY under the laws of the State of California <br />that the foregoing paragraph is true and correct. <br />WITNESS my hand and official seal. <br />Signature <br />DWAINE ZEE ZANDER~S <br />Commission # 1695394 i <br /><~ Z <br />~ , ey9 Notary Public - California <br />. ~ M Orange County <br />nny Comm. Expires Cct 3, 2010 <br />(Seal) <br />11A-16 <br />