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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: ~ (~ / ~ 8 <br />ISTAR FM LOANS LLC <br />By: .c~eC~u--- <br />Name: /ZIP ~rcL~'P-~i•¢rJ <br />Title: VtCiF p,~JidE,~T <br />STATE OF CALIFORNIA ) <br />ss. <br />COUNTY O.-F~-~-' Y ) <br />On ~lj~.,9t ~_~ before me, (here insert name and title of the officer), <br />personally appeared ; ~:,~ C; l~e~. r.,.~.o who proved to me on the basis of satisfactory <br />evidence to be the person(sj~-whose names} is/are subscribed to the within instrument and <br />acknowledged to me that he/sley executed the same in his/lretfthe~ir authorized <br />capacity(~i~s)., and that by his/1~ir signature{-) on the instrument the person~J~s.}, 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 />DWAIN£ ZEE ZANDERS <br />Commission # 1695394 <br />z -~ ~ Notary Public -California <br />z: <br />. ~ • Orange County <br />rrry Comm. Expires Ccf 3, 2010 <br />(Seal) <br />