Document:

exv10w04

 

EXHIBIT 10.4

NONCOMPETITION AGREEMENT

     This NONCOMPETITION AGREEMENT is made and entered into as of the 19th day of March, 2008, by
and between Pacific Office Properties L.P., a Delaware limited partnership (the “Company”), and Jay
H. Shidler (the “Officer”).

     WHEREAS, the Company will be engaged in the business of owning, managing, acquiring and
developing office properties (the “Business”);

     WHEREAS, the Officer desires to be associated with the Company as the chairman of the board of
directors of its general partner, Pacific Office Properties Trust, Inc. (the “REIT”), and in such
capacity will have access to the Company’s business plans, financial data and other confidential
matters; and

     WHEREAS, the Company desires to have the Officer enter into this Agreement in order to protect
the Company from unfair competition.

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged by the Company and the Officer, the parties hereto agree as follows:

     1. Definitions.

          1.1. “Current Operating Region” means the areas described on Exhibit A hereto as “Current
Operating Region.”

          1.2. “Office Property” means any real property containing 50,000 or more square feet of
contiguous office space.

          1.3. “Supplemental Operating Region” means any county outside the Current Operating Region in
which the Company or its subsidiaries owns an Office Property.

          1.4. “Target Operating Region” means the areas described on Exhibit A hereto as “Target
Operating Region.”

     2. Covenant Not to Compete. Subject to Section 3 hereof, the Officer hereby agrees
that during the term of this Agreement the Officer shall not, without the prior written consent of
the Company, as approved by a majority of the independent directors of the REIT, invest, directly
or indirectly, in any Office Property located (a) in the Current Operating Region or the Target
Operating Region or (b) in any county in the Supplemental Operating Region during such time as the
Company or one of its subsidiaries owns an Office Property in such county (a “Supplemental
Operating Region”).

     3. Permitted Activities. The restrictions contained in Section 2 hereof shall not
apply to (i) investments in the Company or the Officer’s participation in the Business on behalf of
the Company or its subsidiaries, (ii) investments in properties in which the Officer has an

 

interest, directly or indirectly, on the date hereof including an interest in a purchase
agreement, loan, lease or letter of intent with respect to such properties, (iii) investments in
properties which would cause the Officer to be in violation of clause (b) of Section 2 if such
investments were held by the Officer at the time the Company first acquired the property which
causes such violation to exist, (iv) activities of, or properties owned or operated by, First
Industrial Realty Trust, Inc., Corporate Office Properties Trust or any of their affiliated
entities, (v) investments considered by the Company or any of its subsidiaries and rejected by the
investment committee (or comparable decision-maker) thereof, (vi) investments in and any other
activities of or with respect to those parcels of real property identified as being the subject
matter of that certain option delivered as of the date hereof by POP Venture, LLC, a Delaware
limited liability company, to the Company, (vii) investments in any corporation or partnership,
directly or indirectly through subsidiaries, engaged in the business of owning, managing, acquiring
and developing office properties, if (a) the Officer’s aggregate investment in such entity
constitutes less than 4.9% of the equity ownership of such entity and (b) the Officer is not
actively engaged in the operation or management of such entity’s business and (viii) investments in
business enterprises that are not engaged in the business of owning, managing, acquiring and
developing office properties.

     4. Term. This Agreement shall be in effect for such time as the Officer is a director
of the REIT.

     5. Ability to Earn Livelihood. The Officer expressly acknowledges: (i) that he will
be able to earn a livelihood without violating the covenants set forth in this Agreement, and (ii)
that his ability to do so was a condition precedent to the Company’s entering into this Agreement.

     6. Reasonable and Necessary Restriction. The Company and the Officer have limited the
Officer’s right to compete only to the extent necessary to protect the Company from unfair
competition. The Officer expressly acknowledges that the restrictive covenant contained in Section
2 hereof along with the exceptions thereto contained in Section 3 constitute a reasonable, fair and
adequate restriction necessary to protect the legitimate business interests of the Company. If,
however, the scope or enforceability of the restrictive covenant contained in this Agreement is
disputed at any time, a court or other trier of fact may modify and enforce the restrictive
covenant to the extent that it believes is reasonable under the circumstances existing at that
time.

     7. Remedies for Breach of Agreement. Any party claiming a breach under this Agreement
shall notify the other party in writing of the facts and circumstances giving rise to such claim.
Within 10 business days after such notice is sent, the parties shall meet and attempt to resolve
the dispute. If the dispute is not resolved to the satisfaction of the aggrieved party within 30
days after the notice of breach is sent, the aggrieved party may pursue its legal and equitable
remedies. The parties acknowledge that the Company has no adequate remedy at law if the Officer
shall breach his covenants under this Agreement, and the Officer hereby confirms that the Company’s
right to specific performance of the terms of this Agreement is essential to protect the rights and
interests of the Company. Accordingly, in addition to any other remedies that the Company may have
at law or in equity, the Company shall have the right to have all covenants and other provisions of
this Agreement specifically enforced by the Officer. The

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Company shall have the right to obtain preliminary and permanent injunctive relief to secure
specific performance and to prevent a breach or contemplated breach of this Agreement by the
Officer. The Officer submits to the jurisdiction of the courts of the State of Maryland for the
purpose of enforcing the Company’s rights under this Agreement.

     8. Assignment. This Agreement shall not be assignable by either party except that the
Company may assign its interest hereunder in connection with a merger, consolidation or sale of all
or substantially all of its assets. Upon any such assignment, this Agreement shall remain in full
force and effect, under the terms hereof, between the Officer and such assignees or successors in
interest.

     9. Waiver. No waiver of any provision of this Agreement shall be effective unless in
writing and signed by the party waiving its rights and then such waiver or consent shall be
effective only in the specific instance and for the specific purpose for which given. The waiver
by any party of a breach of any provision of this Agreement shall not operate or be construed as a
waiver of any other breach.

     10. Notices. All notices, requests, demands and other communications given by any
party hereto shall be in writing and shall be deemed to be duly given if delivered, or if mailed
first class, return receipt requested, addressed as follows:

To the Company:

Pacific Office Properties L.P.

233 Wilshire Blvd., Suite 830

Santa Monica, CA 90401

To the Officer:

Jay H. Shidler

841 Bishop Street

Suite 1700

Honolulu, HI 96813

or to such other address of which either party may by written notice given in accordance with this
Section 10 notify the other party.

     11. Entire Agreement; Amendments. This Agreement supersedes all prior undertakings
and agreements of the parties hereto and contains the entire agreement of the parties with respect
to the subject matter hereof. This Agreement may not be amended without the prior written consent
of the parties hereto.

     12. Applicable Law. This Agreement shall be governed in all respects, including
validity, interpretation and effect, by the laws of the State of Maryland.

     13. Severability. If a court of competent jurisdiction adjudicates any one or more of
the provisions hereof as invalid, illegal or unenforceable in any respect, such provision(s) shall

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be ineffective only to the extent and duration of such invalidity, illegality or
unenforceability and such invalidity, illegality or unenforceability shall not affect the remaining
substance of such provision or any other provision of this Agreement and this Agreement shall be
construed as if such invalid, illegal or unenforceable provision had been limited or modified
(consistent with its general intent) to the extent necessary so that it shall be valid, legal and
enforceable. If it shall not be possible to so limit or modify such invalid, illegal or
unenforceable provision, this Agreement shall be construed as if such invalid, illegal or
unenforceable provision had never been contained herein, and the parties will use their beet
efforts to substitute a valid, legal and enforceable provision which, insofar as practicable,
implements the purpose and intent of the provision originally contained herein.

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     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of
the date first above written.

	 	 	 	 	 	 	 
	 	 	COMPANY:	 	 
	 
	 	 	 	 	 	 
	 	 	PACIFIC OFFICE PROPERTIES L.P., a Delaware limited
partnership	 	 
	 
	 	 	 	 	 	 
	 	 	By: Pacific Office
Properties, Inc., a Maryland corporation, its sole general partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Dallas E. Lucas	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Dallas E. Lucas	 	 
	 

	 	 	 	Title: President and Chief Executive
Officer	 	 
	 
	 	 	 	 	 	 
	 	 	OFFICER:	 	 
	 
	 	 	 	 	 	 
	 	 	/s/ Jay H. Shilder	 	 
	 	 	 	 	 
	 	 	Jay H. Shidler	 	 

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EXHIBIT A

Existing and Target Markets

Current Operating Region

San Diego County, California

City and County of Honolulu, Hawaii

Maricopa County, Arizona

Target Operating Region

Los Angeles County, Californiaexv10w05

 

EXHIBIT 10.5

INDEMNITY AGREEMENT

     This
INDEMNITY AGREEMENT (“Agreement”) is entered into effective
as of March 19, 2008 (the
“Effective Date”) by and between PACIFIC OFFICE PROPERTIES, L.P., a Delaware limited partnership (
“Indemnitor”), and James C. Reynolds, an individual (“Indemnitee”).

RECITALS

     A. Arizona Land Income Corporation and POP Venture, LLC (“POP”) have entered into (i) a Master
Formation and Contribution Agreement dated as of October 3, 2006, and (ii) a Contribution Agreement
dated as of November 2, 2006 (collectively, as each has been amended, “Transaction Documents”).

     B. The Transaction Documents provide for, among other things, (i) the formation of the
Indemnitor, and (ii) the contribution to Indemnitor by those entities identified as “Contributors”
on Schedule 1 attached hereto (collectively, the “Members”), as POP’s designee, of all of the
Members’ respective membership interests in those entities identified as the “Companies” on
Schedule 1 attached hereto, which Companies respectively each indirectly own a fee or leasehold
estate in the applicable properties described on Schedule 1 attached hereto (collectively, the
“Projects”).

     C. The Projects are encumbered by certain POP Property Indebtedness (as defined in the
Transaction Documents). In connection with such POP Property Indebtedness, Indemnitee entered into
those certain guaranties and/or indemnities described on Schedule 2 attached hereto (whether one or
more, the “Guaranty”) in favor of the lenders of such POP Property Indebtedness (whether one or
more, “Lender”).

     D. Pursuant to the Transaction Documents, it is a condition precedent to the contribution
described in clause (ii) of Recital B that Indemnitor indemnify the Indemnitee with respect to all
of Indemnitee’s obligations under the Guaranty.

AGREEMENT

     In consideration of the foregoing Recitals (which constitute an integral part of this
Agreement), the promises, terms, conditions, provisions, and covenants described below, and for
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged
by all parties hereto, the parties agree as follows:

     1. Indemnity. From and after the Effective Date, Indemnitor hereby agrees to defend,
indemnify, and hold harmless Indemnitee from and against any and all demands, claims, causes of
action, judgments, losses, costs, damages and expenses, including, without limitation, attorneys’
fees and costs of litigation arising from or relating in any fashion to any or all of the Guaranty
(individually and collectively, “Losses”), provided such Losses were suffered or incurred because
of any act, omission, or condition occurring or arising on or after the Effective Date.

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     2. Indemnification Procedures.

          a. In the event that Indemnitee desires defense and/or indemnification pursuant to this
Agreement, Indemnitee shall give written notice to Indemnitor of the Losses for which Indemnitee
seeks defense and/or indemnification (the “Claim Notice”). The Claim Notice shall identify the
Guaranty to which the Losses relate and provide such other information as may reasonably be
necessary for Indemnitor to determine whether it is obligated to defend and/or indemnify Indemnitee
against such Losses.

          b. Within ten (10) days of service of the Claim Notice, Indemnitor shall advise Indemnitee in
writing as to whether it will provide defense and/or indemnification against the Losses.

               i. If Indemnitor acknowledges the duty to defend and indemnify, it shall thereafter diligently
defend the Losses that are the subject of the applicable Claim Notice to their conclusion,
regardless of whether it has also acknowledged a duty to indemnify. Indemnitor shall retain
counsel reasonably acceptable to the Indemnitee who shall then assume representation of Indemnitee.
Indemnitor shall not be liable to Indemnitee for any attorneys’ fees or other expenses incurred by
the Indemnitee in the defense of the Losses which are the subject of the Claim Notice after
assumption of Indemnitee’s defense. Indemnitor and Indemnitee shall reasonably cooperate with one
another in order to ensure proper and adequate defense of Indemnitee; provided, however, that the
Indemnitor shall pay all costs and expenses incurred by the Indemnitee in rendering any such
cooperation.

               ii. If Indemnitor acknowledges the duty to defend but not the duty to indemnify, the
Indemnitee may, at Indemnitee’s option, elect either to (1) have Indemnitor provide a defense in
accordance with subparagraph (i), above, or (2) retain counsel directly to defend the Losses which
are the subject of the Claim Notice. If Indemnitee elects option (2), Indemnitor shall, upon
demand, immediately pay all attorneys’ fees, costs, and expenses of any type incurred in such
defense.

          c. In the event Indemnitor fails to acknowledge its obligation to defend and/or indemnify
within ten (10) days of the Claim Notice, Indemnitee shall be entitled to commence arbitration
pursuant to Paragraph 3, below.

          d. In the event Indemnitor has acknowledged both the duty to defend and indemnify under the
Agreement, then neither Indemnitee nor Indemnitor shall effect any compromise or settlement of any
claim, suit or proceeding which may give rise to liability of Indemnitor under this Agreement (a
“Settlement”), without the prior written consent of the other party hereto, which consent shall not
be unreasonably withheld, conditioned or delayed; provided, however, that the Indemnitee shall not
be deemed to be acting unreasonably in the event that he objects to any Settlement because it (i)
does not require that all monetary relief be paid by Indemnitor; (ii) affords any non-monetary
relief in favor of the claimant or the plaintiff or against Indemnitee; or (iii) fails to include
the claimant’s or the plaintiff’s unconditional release of Indemnitee from any and all liability
and obligation with respect to the Losses which are the subject of such claim, suit, or proceeding.

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          e. In the event Indemnitor has not acknowledged both the duty to defend and indemnify under
this Agreement, the Indemnitee may effect a Settlement without the prior written consent of
Indemnitor.

          f. All Losses subject to indemnification hereunder shall be paid by the Indemnitor or, if
previously paid by Indemnitee, reimbursed by the Indemnitor, within ten (10) days after written
notice from the Indemnitee itemizing the amounts thereof paid or incurred to the date of such
notice. Without limiting any other remedies available to the Indemnitee, such Losses, if not paid
within the said ten (10) day period, shall bear interest from the date of such notice until the
date paid or reimbursed by the Indemnitor at a floating rate of interest (the “Interest
Rate”) equal to the sum of the prime rate, as published from time to time in the Western
Edition of The Wall Street Journal, plus three percent (3%), per annum.

          g. If, at any time, all or any part of any payment made to or for the benefit of the
Indemnitee pursuant to this Agreement must be rescinded or returned for any reason whatsoever
(including, but not limited to, the bankruptcy of the Indemnitor), then the Indemnitor’s
obligations hereunder shall, to the extent of the payment rescinded or returned, be reinstated and
deemed to have continued in existence, as if such previous payment had never been made.

     3. Arbitration of Disputes. In the event of any dispute between Indemnitor and
Indemnitee with respect to their rights and obligations under this Agreement including, but not
limited to, the application or interpretation of any of its provisions, Indemnitee’s right to
defense and/or indemnification under any Claim Notice or otherwise, the calculation of any Losses,
any Settlement or proposed Settlement, or any alleged breach of this Agreement, the parties shall
arbitrate their dispute in accordance with the following terms and conditions:

          a. The parties shall first attempt, in good faith, to resolve the dispute themselves. If the
parties fail to resolve the dispute by mutual agreement within a period of 30 days after the
dispute first arises, then, at the election of either Indemnitor or Indemnitee, the dispute shall
be finally resolved by arbitration conducted in San Diego, California, in accordance with the
Arbitration Act set forth in California Code of Civil Procedure § 1280, et seq., or any successor
statute enacted to replace it.

          b. Any arbitration called for by this Agreement shall be conducted in accordance with the
following procedures (which shall govern in the event of a conflict with the Arbitration Act):

               i. Any party hereto may demand arbitration pursuant to this Section 3 by giving written notice
of such demand (the “Demand Notice”) to the other party, which Demand Notice shall describe, in
reasonable detail, the nature of the dispute.

               ii. Within fifteen (15) days after a Demand Notice is given, the parties shall attempt in good
faith to select an arbitrator who shall be a retired judge from any court located in San Diego
County who serves as an arbitrator in San Diego County, either independently or through
participation in a recognized dispute resolution organization such as, without limitation, JAMS,
ADR Services, or Judicate West (a “Qualified Neutral”). If the parties

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are unable to agree upon a Qualified Neutral within said fifteen (15) day period, either party
may file an application with the Presiding Department of the San Diego Superior Court to appoint a
Qualified Neutral pursuant to California Code of Civil Procedure § 1281.6.

          c. The parties specifically agree that the Qualified Neutral shall be empowered to award and
order any relief which could be granted by any California or Federal court including, without
limitation, monetary, equitable or injunctive relief.

          d. Arbitration shall be the exclusive method available for resolution of disputes arising out
of or relating to this Agreement, and the parties stipulate that any suit, action, or proceeding
initiated by either party in any other forum with respect to any such dispute shall be abated at
the application of the other party. The provisions of this Section 3 shall survive the termination
or expiration of this Agreement.

     4. Miscellaneous.

          a. This Agreement shall be governed by and construed in accordance with the laws of the State
of California, without regard to its conflict of laws or choice of law rules or principles.

          b. This Agreement shall bind and inure to the benefit of each of the parties hereto and his or
its estate, heirs, personal representatives, successors and assigns, as applicable.

          c. Any notice, demand, or other communication required or permitted under this Agreement shall
be in writing (“Notice”) and shall be (i) telecopied, and (ii) personally served, given by prepaid
Certified U.S. Mail, or given by a reputable national courier service providing next business day
delivery, to the address and telecopy number of the applicable party set forth below, or to such
other address as such party may specify by notice given pursuant to this subsection (c). In the
case of personal service, any Notice shall be deemed to have been given upon receipt. In the case
of service by Certified Mail, any Notice shall be deemed given on the date of receipt or
non-delivery indicated on the return receipt. In the case of overnight delivery service, any
Notice shall be deemed given when delivered as indicated by a receipt of delivery.

	 	(i)	 	If to the Indemnitor:

Pacific Office Properties, L.P.

233 Wilshire Blvd., Suite 830

Santa Monica, California 90401

Attention: Dallas Lucas

Telecopy: (310) 395-2741
	 
	 	(ii)	 	If to the Indemnitee:

James C. Reynolds

10188 Telesis Court, Suite 222

San Diego, California 92121

Telecopy: (858) 678-8504

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     Any Notice sent as aforesaid shall be deemed given and effective as defined above.

          d. In any arbitration, proceeding, or action between the parties arising out of or relating in
any fashion to this Agreement, the prevailing party shall be entitled to recover its reasonable
attorneys’ fees and costs.

          e. The failure of any party hereto to exercise or enforce any right or remedy
hereunder, or the delay of any party hereto in the exercise or enforcement of any right or remedy,
shall not constitute a waiver thereof nor give rise to any defense or estoppel against such party,
nor excuse the other party hereto from full performance of its obligations hereunder. No waiver
of any such right or remedy shall be valid or enforceable unless made in writing and signed by the
party to be bound.

          f. This Agreement constitutes the entire understanding between the parties with respect to the
subject matter hereof, and all prior or contemporaneous written or oral agreements, understandings,
representations and statements with respect to the subject matter hereof are hereby superseded and
rendered null, void and of no further force or effect.

          g. This Agreement can only be amended or modified by a writing duly executed by both
parties. Should the parties desire that this Agreement apply to any guaranty not listed in
Schedule 2 attached hereto, they must designate such additional guaranty in a writing executed by
both parties hereto.

          h. Time is of the essence of this Agreement and each of the obligations set forth herein.

          i. The provisions of this Agreement shall be deemed independent and severable, and the
invalidity or unenforceability of any one provision, in whole or in part, or as applied to any
event or circumstance, shall not affect the validity of enforceability of any other provision
hereof or the validity of enforceability of the provision in question, as applied to any other
event or circumstance.

          j. Each of the parties hereto acknowledges that no other party, nor any agent nor any attorney
of any other party has made any promise, representation or warranty whatsoever, express or implied,
not contained herein concerning the subject matter hereof to induce said party to execute or
authorize the execution of this Agreement and acknowledges that said party has not executed or
authorized the execution of this Agreement in reliance upon any such promise, representation or
warranty not contained herein.

          k. Each individual signing this Agreement directly and expressly warrants that he or
she has been given and has received and accepted authority to so sign and execute the documents on
behalf of the party for whom it is indicated they have signed, and further has been expressly given
and received and accepted authority to enter into a binding agreement on behalf of such party with
respect to the matters contained herein and as stated herein.

          l. This Agreement may be executed in multiple identical counterparts, each of which may
contain the signature of less than all of the parties hereto and all of which together shall
constitute a single instrument. For purposes of executing this Agreement, any signed

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document transmitted by telecopy or e-mail transmission shall be considered the equivalent of
an as original signed document and shall have the same binding legal effect as an as original
signed document.

     In witness of the foregoing, the parties hereto have executed this Agreement effective on the
date first above written.

	 	 	 	 	 	 	 
	 	 	The Indemnitor:	 	 
	 
	 	 	 	 	 	 
	 	 	PACIFIC OFFICE PROPERTIES, L.P.,

a Delaware limited partnership	 	 
	 
	 	 	 	 	 	 
	 	 	By:     PACIFIC OFFICE PROPERTIES
TRUST, INC., a Maryland corporation, its
general partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ James M. Kasim 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Name:	 	James M. Kasim	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	Chief Financial Officer	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	The Indemnitee:	 	 
	 
	 	 	 	 
	 
	 	 /s/ James C. Reynolds	 	 
	 	 	 	 	 
	 	 	James C. Reynolds	 	 

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SCHEDULE 2

	 	 	 
	PROJECT	 	GUARANTY
	Davies Pacific Center

	 	Indemnity and Guaranty Agreement dated October 25, 2006 by James C. Reynolds for
the benefit of Nomura Credit and Capital, Inc. a Delaware corporation;
	 
	 	 
	 

	 	Hazardous Substances Indemnity Agreement, dated October 25, 2006, made by Davies
Pacific, LLC as borrower and James C. Reynolds for the benefit of Nomura Credit &
Capital, Inc.
	 
	 	 
	Sorrento Technology Center

	 	Indemnity and Guaranty dated August 18, 2005 by James C. Reynolds for the benefit
of Nomura Credit and Capital, Inc., a Delaware corporation
	 
	 	 
	 

	 	Hazardous Substances Indemnity Agreement, made as of December 15, 2005 by Pacific
Office Properties/Sorrento Tech, LLC, DE limited liability company as borrower,
James Reynolds as Principal for the benefit of Nomura Credit & Capital, Inc.
	 
	 	 
	Waterfront Plaza

	 	Guaranty Agreement dated August 24, 2006 by James C. Reynolds for the benefit of
Column Financial, Inc., a Delaware corporation.
	 
	 	 
	 

	 	Environmental Indemnity Agreement dated as of August 24, 2006 made by Waterfront
A, LLC, Waterfront B, LLC, Waterfront C, LLC, Waterfront D, LLC and Waterfront E,
LLC, TIC borrowers, James C. Reynolds in favor of Column Financial Inc.
	 
	 	 
	 

	 	Guaranty Agreement (Mezzanine Loan) dated as of August 24, 2006 made by James C.
Reynolds for the benefit of Column Financial, Inc. Guaranty Agreement (Mezzanine
Loan) dated as of August 24, 2006 by James C. Reynolds for the benefit of Column
Financial, Inc., a Delaware corporation.
	 
	 	 
	 

	 	Environmental Indemnity Agreement (Mezzanine Loan) dated as of August 24, 2006
made by WFP Mezzanine A, LLC. WFP Mezzanine B, LLC, WFP Mezzanine C, LLC, WFP
Mezzanine D, LLC, and WFP Mezzanine E, LLC, TIC borrowers, James C. Reynolds in
favor of Column Financial, Inc.

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	PROJECT	 	GUARANTY
	Pam Am Building

	 	Indemnity and Guaranty Agreement dated July 2006 by James C. Reynolds for the
benefit of Nomura Credit and Capital, Inc. a Delaware corporation
	 
	 	 
	 

	 	Hazardous Substances Indemnity Agreement, dated as of July 13, 2006, by Pan Am I,
LLC, Pan Am II, LLC,
Pan Am III, LLC and Pan Am IV, LLC, TIC borrowers and James C. Reynolds in favor
of Nomura Credit & Capital, Inc.
	 
	 	 
	First Insurance Center (Fee)

	 	Guaranty of Recourse Obligations dated December 19, 2005 by James C. Reynolds for
the benefit of Greenwich Capital Financial Products, Inc. (fee mortgage)
	 
	 	 
	Pacific Business News Building

	 	Guaranty of Recourse Obligations dated March 22, 2005 by James C. Reynolds for the
benefit of Greenwich Capital Financial Products, Inc.

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