----

|   | Re: | Loan      Documents described on Exhibit "A" attached hereto (the "LoanDocuments")      relating to a loan in the original principal amount of $51,934,489.63 (the      "Loan")      to M-Six Penvest II Business Trust, a Delaware Business Trust ("Borrower"),      M-Six Penvest II Business Trust (LA), a Louisiana trust ("Louisiana      Borrower") and M-Six Penvest II Limited Partnership (NEV.), a      Delaware limited partnership ("Nevada      Borrower"), secured by properties located in various states listed      in Schedule A to the Indenture (each a 'Property"),      which Loan is evidenced by two separate notes, a Class A Promissory Note      in the original principal amount of $9,985,451.41, dated April 30, 1998      (the 'Class A      Note,"), and a Class B Promissory Note in the original principal      amount of $41,949,038.22, dated April 30,1998 (the "Class B      Note"); Loan Nos. M25819 &  M400032935. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 1. | Counsel      for Buyer, Schianger, Mills, Mayer & Silver, L.L.P., shall have      executed and delivered to Lender, its successors and assigns, its      servicers and any rating agencies rating securities or certificates      relating to the Loan (collectively, the "Addressees") a legal      opinion acceptable to Lender and addressing, among other things, that      after giving effect to the Requested Actions, the bankruptcy filing by or      against Buyer would not cause the assets and liabilities of Borrower to be      consolidated into the bankruptcy estate of  Buyer. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | Counsel      for Buyer, Erik Eriksson, Esq., shall have executed and delivered to the      Addressees a legal opinion acceptable to Lender and addressing, among      other things, that (a) this Agreement and the documents referenced in      paragraphs 7, 8, 16 and 18 of these Conditions (collectively, the "Buyer Consent Documents")      have been duly authorized, executed and delivered by Buyer and do      not conflict with or violate (i) any of the organizational documents of      Buyer, (ii) any United States federal or New York statute, rule or      regulation applicable to Buyer or the Delaware Limited Liability Company      Act or (iii) to counsel's knowledge, violate any order, writ, judgment,      injunction or decree of any court or governmental authority applicable to      Buyer; (b) Buyer has been duly formed and is validly existing in Delaware;      (c) the Transfer of the Beneficial Interests shall not affect he continued      enforceability against Borrower of those Loan Documents which      are |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | Counsel      for Seller, Proskauer Rose LLP, shall have executed and delivered to      Addressees a legal opinion acceptable to Lender and substantially      addressing, among other things, that (a) this Agreement, the documents      referenced in paragraphs 7, 8 and 17 of these Conditions (collectively,      the "Seller Consent      Documents") have been duly authorized, executed and delivered by      Seller and do not conflict with or violate (i) any of the organizational      documents of Seller, (ii) any United States federal or New York statute,      rule or regulation applicable to Seller or the Delaware Limited Liability      Company Act or (iii) to counsel's knowledge, violate any order, writ,      judgment, injunction or decree of any court or governmental authority      applicable to Buyer, (b) Seller has been duly formed and is validly      existing in the State of Delaware, (c) Seller has the limited liability      company authority to execute, deliver and perform its obligations under      this Agreement and the other Seller Consent Documents and the execution,      delivery and performance by Seller of its obligations under this Agreement      and the other Seller Consent Documents have been duly and validly      authorized by all necessary limited liability company action by Seller,      (d) this Agreement and each of the other Seller Consent Documents has been      duly executed and delivered on behalf of Seller, and (e) to the extent      that the laws of the State of New York govern this Agreement or the other      Seller Documents, the Agreement and the other Seller Consent Documents      constitute a valid and binding obligation of Seller enforceable against it      in accordance with its terms. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | Counsel      for Borrower (after the consummation of the Requested Actions), Erik      Eriksson, Esq., shall have executed and delivered to Addressees a legal      opinion acceptable to Lender and addressing, among other things, that (a)      this Agreement and the documents referenced in paragraphs 11, 14, 19, 20,      21 and 23 of these Conditions (collectively, the "Borrower Consent      Documents", together with the Buyer Consent Documents and the      Seller Consent Documents, the "Consent Documents") has      been duly authorized, executed and delivered by Borrower (after      consummation of the Requested Actions); and (b) the Loan Documents, to the      extent enforceable against the Nevada Borrower, are enforceable against      Borrower (after consummation of the Requested  Actions). |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5. |   | Borrower      shall have delivered to Lender a copy of any and all Title updates      obtained by Borrower, |
|----|--------|-------------------------------------------------------------------------------------------------------------|

|   | Seller      or Buyer in connection with the Requested  Actions. |
|--------|-----------------------------------------------------------------|

| 6. | Borrower      shall have paid for and caused Chicago Title Insurance Company (the "Title Company") to      issue and deliver to Lender endorsements (the "Endorsements"), to the      extent available in the applicable jurisdiction, to the Title Company's      Mortgagee Title Policies issued to Original Lender by the Title Company      (the "Existing Loan      Policies") (a) updating the effective date to the date of this      Agreement; (b) reflecting no exceptions other than those contained in the      Existing Loan Policies or the Endorsements; (c) affirmatively insuring      that the validity and priority of the lien of the Mortgage are not      affected by the Requested Actions, and (d) changing the name of the      insured to the Lender herein. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7. | Borrower      shall have delivered to Lender a fully executed and complete copy of that      certain Purchase and Sale Agreement (the "PSA") dated as of      November 12, 2002, between Seller, as Seller and Buyer, as      Buyer. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8. | Borrower      shall have delivered to Lender a fully-executed and complete copy of the      Instrument of Assignment and Assumption from Seller in favor of Buyer in      the same form attached as Schedule "B" to the      PSA; |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9. | Lender      shall have received confirmations from the Rating Agencies that the      Requested Actions will not result in a qualification withdrawal or      downgrade of any then current ratings for BH Finance LLC Trust Credit      Lease Loan Pass-Through Certificates, Series BH 2000-A Pools V IX or CAPCO      America Securitization Corporation, Commercial Mortgage Pass-Through      Certificates, Series 1998-D7; |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10. | Lender      shall have received written confirmation from RVI that the Loss Payee      Endorsement remains in full force and effect after the Requested      Actions; |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12. | Borrower      shall have delivered to Lender a fully executed and complete original (a)      Tenant Estoppel Certificate substantially in the form same attached as      Schedule "D" to      the PSA, and (b) Guarantor Estoppel Certificate substantially in the form      same attached as Schedule      "E" to the PSA; |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13. | Borrower      shall have delivered to Lender current Certificates of Legal Existence for      Borrower, Seller and Buyer issued by the Office of the Secretary of State      of the State of Delaware (the "Delaware      Secretary"); |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14. | Borrower      shall have delivered to Lender a Certificate of Borrower Trustee attaching      (a) a current certified copy of the Certificate of Trust of Borrower, and      any amendments thereto, issued by the Delaware Secretary; (b) a true,      correct and complete copy of the Trust Agreement of Borrower dated April      22, 1998, and any amendments thereto; and (c) a current Certificate of      Legal Existence for Borrower Trustee issued by the Delaware      Secretary. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15. | Seller      shall have delivered to Lender a Certificate of U.S. Realty Advisors LLC,      a New York limited liability company ("US Realty"), the Managing Member of      Seller, dated as of the date of closing of the Requested Actions (the      "Closing"), from      US Realty, (a) certifying, among other things, that (i) the Limited      Liability Company Agreement of Seller, dated as of February 26, 1998, as      amended through the date of the original closing of the Loan, has not been      further amended, is in full force and effect and attaching a copy with      certain financial terms redacted therefrom to the Certificate; and (ii)      the sale of the Beneficial Interests to Buyer has been duly authorized;      and (b) attaching (i) a current certified copy of the Certificate of      Formation of Seller, and any amendments thereto, issued by the Delaware      Secretary and (ii) Action by Written Consent of US Realty authorizing all      officers of US Realty to execute this Agreement and the other Seller      Consent Documents on behalf of Seller without the consent of,      any other members of Seller; |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16. | Buyer      shall have delivered to Lender a Certificate of Member of Buyer dated as      of the date of Closing executed by an officer of Buyer (a) attaching a      fully executed copy of the Limited Liability Company Agreement of Buyer,      (b) certifying, among other things, that      the purchase of the Beneficial Interests from Seller has been duly      authorized; and (c) attaching (i) a current certified copy of the      Certificate of Formation of Buyer, and any amendments thereto, issued by      the Delaware Secretary and (ii) resolutions of Buyer authorizing Erik      Eriksson, as Vice President or J. Richard Rosenberg, as Vice President and      Chief Financial Officer of Buyer to execute this Agreement and the other      Buyer Consent Documents on behalf of Buyer without the joinder of any      other party; |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 17. | Seller      shall have delivered to Lender a direction of beneficiary ("Seller Direction of      Beneficiary") dated as of the date of Closing from Seller, as      beneficiary of Borrower, to Wilmington Trust Company, a Delaware banking      corporation, as Trustee of Borrower ("Borrower Trustee"),      directing Borrower Trustee to execute this    Agreement; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 18. | Buyer      shall have delivered to Lender a direction of beneficiary ("Buyer Direction of      Beneficiary") dated as of the date of Closing from Buyer, as      beneficiary of Borrower, to the Borrower Trustee, directing Borrower      Trustee to execute this      Agreement; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 19. | Borrower      shall have delivered to Lender a copy of the fully executed notice to      Borrower Trustee of change of beneficiary and address for notice purposes      under Borrower's Trust Agreement; |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 20. | Borrower      shall have delivered to Lender current Certificates of Authority to      Transact Business and/or Good Standing Certificates issued by Secretaries      of State of Ohio, Michigan, Arizona, Kentucky, California and West      Virginia; |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 21. | Borrower      shall have delivered to Lender an original of the fully executed notice to      Lender of change of beneficiary and address for notice purposes under the      Loan Documents; |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 22. | Borrower      shall have delivered to Lender a true and correct copy of the new Fee      Agreement between Buyer and BorrowerTrustee |
|-----|--------------------------------------------------------------------------------------------------------------------------------------|

| 23. | Borrower      (after consummation of the Requested Actions) shall have delivered to      Lender true, correct and complete executed copies of all documents      executed in connection with the liquidation of the Nevada Corporation and      the Nevada Borrower; |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 24. | Borrower      shall deliver to Chicago Title Insurance Company or one of its agents for      filing/recording UCC-3 Amendments to Financing Statements reflecting the      change of address for Borrower and amending the description of the      collateral described in the UCC-1 Financing Statements to conform to the      description attached hereto as Exhibit "      B"; |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 25. | The      parties shall have paid to Lender a consent fee (the "Consent Fee") of      $15,000, $2,500 of which Lennar has previously received as a      non-refundable deposit to be applied towards the Consent Fee at the      closing of the Requested Actions; |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 26. | Borrower      shall have paid any and all reasonable out-of-pocket costs and expenses      incurred by Lender and/or Lennar in connection with this transaction,      including, but not limited to Lender's and Lennar's reasonable attorneys'      fees (collectively, with the Consent Fee, the "Consent Expenses"),      $25,000 of which Lennar's attorneys have received as a      non-refundable deposit to be applied towards the Consent Expenses at the      closing of the Requested Actions. Borrower acknowledges and agrees that      none of the Consent Expenses will be applied to reduce the Indebtedness      (as defined below) owed to Lender. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1. | Each      party confirms that all of facts (except those relating to the      securitization of the Loan) set forth in the BACKGROUND Section of this      Agreement that pertain to it are true and correct and incorporated herein      by this reference; |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | Borrower      confirms that Borrower is a duly organized, validly existing business      trust in good standing under the laws of the State of Delaware. Borrower      Trustee has the full authority to execute this Agreement on behalf of      Borrower without the joinder of any other trustee or beneficiary of      Borrower or any other party. The execution and delivery of, and      performance under, this Agreement by Borrower has been duly and properly      authorized pursuant to all requisite trust action and does not (i) violate      any provision of any law, rule, revelation, order, writ, judgment,      injunction, decree, determination or award presently in effect having      applicability to Borrower or the certificate of trust or the trust      agreement of Borrower. or (ii) provided that the representation made by      Buyer in Section 3.02(d) of the PSA is true, result in a breach of or      constitute or cause a default under any indenture, agreement, lease or      instrument to which Borrower is aparty; |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | Seller      confirms that Seller is a duly organized, validly existing limited      liability company in good standing under the laws of the State of      Delaware. US Realty is the managing member of Seller. US Realty, acting      alone without the consent of any other manager or member of Seller or any      other party, has the power and authority to execute this Agreement and the      other Seller Consent Documents on behalf of and to duly bind Seller under      this Agreement and the other Seller Consent Documents. The execution and      delivery of, and performance under, this Agreement and the other Seller      Consent Documents by Seller has been duly and properly authorized pursuant      to all requisite company action and does not (i) violate any provision of      any law, rule, regulation, order, writ, judgment, injunction, decree,      determination or award presently in effect having applicability to Seller      or the certificate of formation or the limited liability company agreement      of Seller, or (ii) provided the representation made by Buyer is Section      3.02(d) of the PSA is true and correct, result in a breach of or      constitute or cause a default under any indenture, agreement, lease or      instrument to which Seller is aparty; |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | Seller      confirms that US Realty is a duly organized, validly existing limited      liability company in good standing under the laws of the State of New      York. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5. | Buyer      is a duly organized, validly existing limited liability company in good      standing under the laws of the State of Delaware. Salmon Creek LLC, a      Delaware limited liability company ("Member") is the sole      member of Buyer. Erik Eriksson, as Vice President or J. Richard Rosenberg,      as Vice President and Chief Financial Officer of Buyer, each acting alone      without the joinder of the other or of any other officer, manager or      Member of Buyer or any other party, has the power and authority to execute      this Agreement and the other Buyer Consent Documents on behalf of and to      duly bind Buyer under this Agreement and the other Buyer Consent      Documents. The execution and delivery of, and performance under, this      Agreement and the other Buyer Consent Documents by Buyer has been duly and      properly authorized pursuant to all requisite company action and will not      (i) violate any provision of any law, rule, regulation, order, writ,      judgment, injunction, decree, determination or award presently in effect      having applicability to Buyer or the certificate of formation or the      limited liability company agreement of Buyer or (ii) result in a breach of      or constitute or cause a default under any indenture, agreement, lease or      instrument to which Buyer is aparty. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6. | Each      party confirms that it has the requisite power and authority and has taken      all necessary limited liability company, corporate or other action to      execute and deliver and enter into the Consent Documents to which it is a      party; |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7. | Subject      to the limitation of liability provisions set forth in Section 4.3(z) of      the Indenture, Borrower hereby assumes all of the obligations of Nevada      Borrower, as grantor, mortgagor, owner, borrower, trustor, indemnitor,      guarantor, or maker, as the case may be, under the Loan Documents to the      same extent as if Borrower had signed such instruments. Borrower agrees to      comply with and be bound by all of the terms, covenants, agreements,      conditions and provisions set forth in the Loan Documents, to which Nevada      Borrower was bound as set forth in the Loan  Documents. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8. | Based      solely on opinions of local counsel issued in connection with the Loan      made by Original Lender, Borrower confirms that Borrower was not required      by law to become qualified to transact business as a foreign entity in the      States of Missouri and Texas. To the best of Buyer's knowledge, Borrower      is still not required to qualify to do business in these States to own the      Properties located in such states; |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9. | That      in connection with the Requested Actions, Borrower's organizational      documents shall not be modified in any respect other than to change the      beneficiary from Seller to Buyer and as otherwise contemplated by the      Requested Actions as they relate to the Nevada  Borrower; |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10. | Borrower,      and by its execution hereof, Lender confirms that to Lender's actual      knowledge: (a) as of ________________, 2002, the principal balance of the      Class A Note was $________________, and   the principal      balance of the Class B Note was $________________,  and (b) the      current rate of interest on the Class A Note and the Class B Note is 7.03      % (the "Indebtedness").      Lender confirms that to Lender's actual knowledge, (i) all interest      and principal payments due under the Loan Documents through and including      ____________ have been paid and the next payment of interest and principal      is due __________________ |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ,      (ii) Lender has not issued any written notices of default to Borrower      which have not been cured, and (iii) there are no existing material      defaults under the Loan Documents; |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 11. | Borrower      confirms that to its actual knowledge, there are no indemnities or      guaranties with respect to any recourse obligations given by Seller or any      entity which controls Seller, is controlled by Seller or is under common      control with Seller or any pledges of Beneficial Interests in Borrower,      given by Seller in favor of Original Lender or any other person or entity      in connection with the Loan; |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 12. | Borrower      confirms that notwithstanding the consummation of the Requested Actions,      all of the terms, covenants and conditions of the Loan Documents shall      continue in full force and effect, unmodified (except that Borrower has      assumed the obligations of Nevada Borrower pursuant to the terms of this      Agreement) and enforceable against Borrower, and Borrower hereby confirms      and reaffirms its liability under the Loan Documents, subject to the      limitation of liability provisions set forth in Section 4.3(z) of the      Indenture; |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 13. | Borrower      confirms that the Lease Agreement (the "Lease") dated as of      April 30, 1998, between Borrower as Lessor and Tenant as Lessee is still      in full force and effect and has not been modified or amended in any      respect Borrower confirms that Borrower has not entered into any other      leases for all or any portion of any Property, other than the Lease.      Borrower confirms that Borrower has not received written notice from      Tenant of any landlord/lessor default under the Lease. Borrower has not      received any prepaid rents or given any concessions for free or reduced      rent under the Lease not otherwise set forth in the Lease. Borrower also      has not sent Tenant any notice of default. To Borrower's actual knowledge,      no Property is presently left unoccupied and unattended for a period of      thirty (30) days (other than for renovation or reconstruction or during      periods of seasonal closure). Borrower confirms that, provided that the      representation made by Buyer in Section 3.02(d) of the PSA is true, the      Requested Actions are not prohibited by the terms of the Lease, and Tenant      has no right to consent thereto; |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 15. | Borrower      (after consummation of the Requested Actions) and Buyer shall comply with      all of the facts and assumptions contained in that certain      nonconsolidation opinion letter, dated as of the date hereof, delivered by      Buyer's counsel, Schlanger, Mills, Mayer. & Silver, L.L.P., in      connection with the Requested Actions (the "Non-Consolidation Opinion"),      including but not limited to, any exhibits and certificates      attached thereto, all of which facts and assumptions are true and correct.      Borrower (after consummation of the Requested Actions) and Buyer shall      cause each entity other than Borrower (after consummation of the Requested      Actions) or Buyer with respect to which an assumption, if any, is made in      the Non-Consolidation Opinion, including but not limited to, any exhibits      and certificates attached thereto, to comply with each of the assumptions      made with respect to it in the Non-Consolidation Opinion, including, but      not limited to, any exhibits and certificates attached thereto. Borrower      (after consummation of the Requested Actions) and Buyer further covenant      and agree not to amend, modify or supplement, or seek to amend, modify or      supplement any provisions of the Loan Documents or its organizational      documents that would affect the separateness of Borrower (after      consummation of the Requested Actions) or any of the assumptions made in      the Non-Consolidation Opinion; |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 16. | Prior      to the consummation of the Requested Actions, Borrower confirms that      Borrower is not a party to any agreement with a third party or affiliated      property manager for any of the Properties. After the consummation of the      Requested Actions, Borrower confirms that Borrower shall not enter into      any agreement with a third party or affiliated property manager for any of      the Properties; |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 17. | Buyer      confirms that Buyer did not finance all or any portion of the purchase      price of the Beneficial Interests through Seller or any third party      financing, other than acquiring the Beneficial Interests subject to the      obligations relating to the Loan, and did not and does not intend to      pledge all or any portion of the Beneficial Interests of Borrower in      connection with the Requested Actions or  otherwise; |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 18. | Borrower      confirms that in connection with the Requested Actions, there will be no      change in the location of or the account number for the Deposit Account or      the Central Account (as such terms are defined in the Central Account      Agreement described on Exhibit "A" attached hereto); however, from and      after the date hereof, the "Borrower Excess Property Income Subaccount"      (as such term also defined in the Central Account Agreement) shall be      disbursed to the following account: |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 19. | Borrower      confirms that notwithstanding the consummation of the Requested Actions,      Borrower continues to be and has, at all times since the original closing      of the Loan, been a Single Purpose Entity as such term is defined in the      Indenture in compliance with Section 2.10 of the  Indenture; |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 21. | Borrower      confirms the Properties securing the Loan are not subject to any type of      franchise, license, use or similar type of agreement held by      Borrower; |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 22. | Other      than the consent of Lender or any consent that has been obtained, no other      person or entity is required to consent to the Requested      Actions; |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 23. | Borrower      confirms that Borrower has no defenses, offsets or counterclaims to the      enforceability of the Loan Documents and waives and releases Lender,      CapMark Services, L.P., BNY Asset Solutions, LLC and Lennar and each of      their respective officers, directors, partners, members, employees,      attorneys and agents (collectively, the "Released Parties") from      and against, any and all claims, both known and unknown, that Borrower or      any trustee or beneficiary or affiliate of Borrower now has or heretofore      had against any of the Released Parties relating to the Loan, the Loan      Documents or the Indebtedness from the beginning of time through the date      of this Agreement; |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 24. | That      there are no other documents evidencing the Requested Actions other than      those described herein or in the PSA or relating to the liquidation of the      Nevada Corporation and NevadaBorrower; |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 25. | Buyer      confirms that no new or updated environmental reports, surveys or      engineering or other third party inspection reports were obtained by or on      behalf of Buyer, except for those delivered to Lennar on November 7,      2002; |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 26. | Borrower      has no actual knowledge that the Borrower's warranties and representations      set forth in the Loan Documents, do not remain true, correct and complete      as of the date of the RequestedActions; |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 27. | Borrower,      Buyer and Seller each confirm that it has no present intent to file any      voluntary petition, or in any manner seek any proceeding for relief,      protection, reorganization, liquidation, dissolution or similar relief for      debtors under any local, state, federal or other bankruptcy or insolvency      law or laws providing relief fordebtors. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1. | Borrower      and Lender acknowledge and agree that, except as specifically provided      herein, nothing in this Agreement is intended to be and should not be      construed as a modification or amendment of the Loan or the Loan      Documents |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | For      purposes of Section 5.1 of the Indenture and all other notice provisions      in any of the other Loan Documents, after the consummation of the      Requested Actions, all notices to Owner should be sent to Borrower at c/o      Motel Assets Holdings LLC, 5847 San Felipe, Suite 2600, Houston, Texas      77057, Attention: Vice President and Chief Financial Officer, Fax:      713-267-3703, with a copy to: Motel Assets Holdings LLC, 5847 San Felipe,      Suite 2600, Houston, Texas 77057, Attention: Vice President/Senior      Assistant General Counsel, Fax: 713-267-3702. In addition, all notices to      Lender should be addressed and sent to the addresses set forth in the      first paragraph of this Agreement. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | This      Agreement may be executed in any number of counterparts, each of which      shall be effective only upon delivery and thereafter shall be deemed an      original, and all of which shall be taken to be one and the same      instrument, fir the same effect as if all parties hereto had signed the      same signature page. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | A      determination that any provision of this Agreement is unenforceable or      invalid shall not affect the enforceability or validity of any other      provision, and any determination that the application of any provision of      this Agreement to any person or circumstance is illegal or unenforceable      shall not affect the enforceability or validity of such provision as it      may apply to any other persons orcircumstances. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5. | By      consenting to the foregoing matters, or accepting delivery of any item      described, neither Lennar nor Lender shall be deemed to be a mortgagee in      possession or to have warranted, consented to, or affirmed the      sufficiency, legality, effectiveness or legal effect of any such matters      or items or of any term, provision or condition  thereof. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6. | Lender's      consent to the Requested Actions contained herein is limited solely to the      Requested Actions described herein, and is not and should in no manner be      deemed a waiver or consent of similar actions or transfers or other      restrictions for any future similar actions or transfers or other      prohibited matters that may be prohibited or restricted by the terms of      Section 2.16 of the Indenture or any other provisions of the Loan      Documents. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7. | Borrower      acknowledges and agrees that this Agreement shall be deemed to be one of      the Loan Documents defined in the Indenture and therefore, an uncured      breach by Borrower of any agreement or covenant contained herein or if any      representation, statement, report or certificate made or given by Borrower      to Lender in connection herewith is not true and correct in any material      respect shall constitute an Event of Default under the same circumstances      as a breach thereof would constitute an Event of Default under the      Indenture. |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8. | EACH      OF BORROWER, BUYER AND SELLER AGREES NOT TO ELECT A RIGHT TO TRIAL BY JURY      OF ANY ISSUE TRIABLE OF RIGHT BY JURY, AND WAIVES ANY RIGHT TO TRIAL BY      JURY FULLY TO THE      EXTENT THAT ANY SUCH RIGHT SHALL NOW OR HEREAFTER EXIST WITH REGARD TO      THIS AGREEMENT, THE LENDER OR THE OTHER LOAN DOCUMENTS OR ANY CLAIM,      COUNTERCLAIM OR OTHER ACTION ARISING IN CONNECTION THEREWITH. THIS WAIVER      OF RIGHT TO TRIAL BY JURY IS GIVEN KNOWINGLY AND VOLUNTARILY BY EACH OF      BORROWER, BUYER AND SELLER, AND IS INTENDED TO ENCOMPASS INDIVIDUALLY EACH      INSTANCE AND EACH ISSUE AS TO WHICH THE RIGHT TO TRIAL BY JURY WOULD      OTHERWISE ACCRUE. LENDER IS HEREBY AUTHORIZED TO PILE A COPY OF THIS.      PARAGRAPH IN ANY PROCEEDING AS CONCLUSIVE EVIDENCE OF THIS WAIVER BY      BORROWER, SELLER AND BUYER. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----