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<br />CONSENT OF LENDER <br /> <br />The undersigned (a, successor-In-interest to Fremont Investment & Loan, a <br />Calilornla industrial bank, "Beneficiary") holds the benelicial interest in that certain Deed of <br />Trust and pixture Filing recorded In Ihe Office of the County Recorder of Orange on June 20, <br />2006 as Instrument No. 2006000411437 (as amended, the "iStar need 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 thai the Amendment shall continue in full <br />force and effect, even in the event offoreelo,ure or tntstee's sale pursuant to the iStar Deed <br />of Trust, or any other acquisition of title by the undersigned, It' successors or assigns, of all <br />or any portion of the real property covered by the iStar Deed of Trust. <br /> <br />G jc, lo? <br /> <br />Dated: <br /> <br />::At?di~ <br /> <br />Name: Ie 1<L!,itH,1N <br />Title: VIU "ps,AlNr <br /> <br />STA TE OF CALIFORNIA <br /> <br />SS, <br /> <br />COUNTY or $111;'1" <br /> <br />On JUIJ(.. f'~ before me, (here insert name and title of the officer), <br />person.ll~ appeared ~I r ...Liu..... who proved to me on tbe basis of satisfactory <br />evidence to be the personW whose name~ is/_ subscribed to the within instrument and <br />acknowledged to me that he!she.ltl1ey executed the same in hislherillleir authori.ed <br />capacity(~, and tbat by hislbe~'tl..i, ,ignature(&l on the instrument the person(.i.), or the <br />entity upon behalf of which the person(~acled, executed the instrument. <br /> <br />J certify under PENALTY OF PERJURY under the laws of the Stale of Califurnia <br />that the foregoing paragraph is true and correct. <br /> <br />WITNESS my hand and official seal. <br /> <br />(~ <br /> <br />~-----~------~ <br />~ DWAlN:: ZlE ZANDERS <br />""', Comml$:;ton *- '695394 <br />i ~.., ,'. Notory P<il4;c . Colilomo ~ <br />~ ~ . Orange County ~ <br />. My Comm. Expires Oc13. 201 <br />- - - - - - - - - - - - <br />(Seal) <br /> <br />Signature <br /> <br />Ordinance No. NS-2769 <br />Page 16 of 16 <br />