Document:

Exhibit 10.1

SEPARATION AGREEMENT AND GENERAL RELEASE

This SEPARATION
AGREEMENT AND GENERAL RELEASE (this “Agreement”) dated as of April 25,
2007 (the “Effective Date”), is by and between REDPOINT BIO CORPORATION
(formerly LINGUAGEN), a Delaware corporation, having its principal place of
business at 2005 Eastpark Blvd., Cranbury, New Jersey 08512-3515 (the “Company”)
and SUSAN WELSH (“Welsh”).

WHEREAS, Welsh has been
be employed by the Company as President since January 3, 2006;

WHEREAS, as of March 29,
2007 (the “Termination Date”) Welsh’s employment with the Company shall
cease in accordance with her letters of resignation dated March 30, 2007; and

WHEREAS, in consideration
for the separation benefits and other discretionary amounts provided by this
Agreement, Welsh will agree to the general release of claims against the
Company contained herein.

NOW THEREFORE, in consideration of the foregoing recitals and the
mutual promises and covenants contained in this Agreement, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto, intending to
be legally bound, agree as follows:

1.     Separation
of Employment.  In consideration for
Welsh’s agreements as set forth herein and in accordance with the terms of her
offer letter dated December 28, 2005, the Company agrees to the following:  (a) to pay Welsh all salary and vacation that
is accrued but unpaid through the Termination Date; (b) to pay Welsh for valid,
outstanding business expenses incurred through the Termination Date, which she
will submit and document in accordance with Company policy; (c) to provide
Welsh with the following severance benefits (“Severance”):  (i) her current monthly base salary for six
(6) months following the Termination Date, which shall amount to $130,000.00
payable in accordance with the Company’s regular payroll practices, (ii) the
continued vesting of stock options for six (6) months, which will be
accelerated in accordance with the terms set forth in Section 2 below; and
(iii) to allow Welsh to participate in all Company benefit plans for six (6)
months following the Termination Date, at no additional cost to her except
where the plan(s) provide for payment upon conversion of benefits, and except
for any plans in which Welsh’s participation is prohibited by law or by the
terms of the applicable employee benefit plan. 
In accordance with her election to decline health benefits and in lieu
of continued participation in any health benefit plan, Welsh will continue to
receive a $150.00 payment monthly, payable in accordance with the Company’s
regular payroll practices, for six months following the Termination Date.  It is understood that the Company will not
make any 401(k) or other benefit deductions from the Severance.  The Company shall withhold all applicable
state and federal tax from all payments made pursuant to this Section.  Further, should the Company fail to make a
Severance payment in accordance with the Company’s regular payroll practices as
indicated above, all remaining Severance payments will immediately become due
and payable.

The Company further agrees to pay Welsh a
discretionary amount (“Enhanced Severance”) totaling $39,000.00, which
is in excess of what Welsh would otherwise have been entitled to had she not
executed this Agreement.  Payment of the
Enhanced Severance will be 

made in a lump sum in the next payroll cycle following the receipt by
the Company or its attorneys of this executed Agreement.  The parties acknowledge that the Enhanced
Severance and the extended exercise period set forth in Section 2 below,
constitute good and sufficient consideration for this Agreement, including, but
not limited to, the waiver and release contained in Section 6.

2.     Options.  Pursuant to an Incentive Stock Option
Agreement dated January 3, 2006 (the “Option Agreement”), the Company
granted Welsh stock options to purchase a total of 213, 500 shares of Linguagen
common stock at $0.42 per share.  As of
the Termination Date and before giving effect to the recent reverse merger
transaction (the “Reverse Merger”) between the Company and ROBCOR
PROPERTIES, INC., (“Robcor”), Welsh’s vested options, including
accelerated vesting for six (6) months following the Termination Date, total
88,958 shares (the “Vested Options”). 
Following the Reverse Merger, the Vested Options total 247,482  shares  of Robcor at
an exercise price of $0.15  per
share.  Such option numbers and exercise
price shall be adjusted in an equitable and non-discriminatory manner in the
event of any future corporate transaction. 
The right to exercise any Vested Options shall terminate twelve (12)
months after the Termination Date, on March 29, 2008, which represents a
nine-month extension of the time period provided in  the applicable Option Agreement, attached as
Exhibit A.  Welsh further acknowledges
and agrees that she is not entitled to any additional stock options or other
form of equity securities in the Company or Robcor.

3.     Taxes
and Withholdings.  Except as set
forth herein, Welsh shall be solely responsible for the payment of all federal,
state and local taxes or contributions, other than employer contributions,  imposed or required, if any, under
unemployment insurance, social security and income tax laws that pertain to the
compensation paid to Welsh.

4.     Restrictive
Covenants.  Welsh hereby acknowledges
and agrees that she has previously entered into a Confidentiality,
Non-Disclosure, Non-Competition and Invention Assignment  Agreement dated January 3, 2006, and which
includes restrictions on competition and solicitation; she shall continue to be
bound by the terms of that agreement.

5.     Waiver and
Release by the Company.

5.1        To
the fullest extent permitted by law, excluding and except for any claims the
Company may have under or for breach of this Agreement and Release, the
Company, for itself, its predecessors, divisions, subsidiaries, officers,
directors, shareholders, principals, agents, employees, affiliates, partners,
designees, representatives, successors and assigns hereby generally releases,
remises, acquits and forever discharges, Welsh from any and all legally
waiveable agreements, promises, liabilities, claims, demands, rights and
entitlements of any kind whatsoever, in law or equity, whether known or
unknown, asserted or unasserted, fixed or contingent, apparent or concealed,
which the Company, its predecessors, divisions, subsidiaries, officers,
directors, shareholders, principals, agents, employees, affiliates, partners,
designees, representatives, successors and assigns ever had, now has or
hereafter can, shall or may have for, upon, or by reason of any matter, cause
or thing whatsoever existing, arising or occurring at any time on or prior to
the date the Company executes this Agreement and Release, including, without
limitation, any and all claims arising 

       out
of or relating to Welsh’s employment, compensation and benefits with the
Company and/or the termination thereof, and any and all contract claims,
benefit claims, tort claims, fraud claims, commissions, defamation,
disparagement, or other personal injury claims, claims related to any bonus
compensation, and claims for costs, expenses and attorneys’ fees with respect
thereto, except that Welsh’s obligations under this Agreement and Release shall
continue in full force and effect in accordance with its terms; provided, that,
this Paragraph 5.1 will not apply to illegal acts committed by Welsh which she
was not directed to commit by the Company and with respect to which the Company
(i) is found liable for a material amount of damages by a court of competent
jurisdiction based on a claim by an unrelated third party; or (ii) in the
Company’s sole discretion, the Company settles a claim by an unrelated third
party that is based on Welsh’s illegal acts for a material amount.  The Company represents and warrants that it
has not filed or brought any claims of any kind or nature relating to the
matters released herein, and it further represents and warrants that it and its
officers are not aware of any claims for matters released herein.

5.2        The
Company further agrees that should any person, organization, or other entity
file, charge, claim, sue, or cause or permit to be filed any civil action, suit
or legal proceeding involving any matter occurring at any time in the past that
is covered by this Agreement and Release, the Company will not seek or accept
personal equitable or monetary relief in such civil action, suit or legal
proceeding from or against Welsh.

6.     Waiver and
Release by Welsh.

6.1        In
consideration of her receipt of the Enhanced Severance, Welsh hereby generally
releases, remises, acquits and forever discharges the Company and each of its
respective agents, assigns, predecessors, successors, heirs, executors,
administrators, representatives, beneficiaries, attorneys, officers, directors,
shareholders, trustees, successors-in-interest and affiliated companies
(collectively, the “Released Parties”) from any and all claims,
counterclaims, rights, demands, costs, damages, losses, liabilities, actions
and causes of action, in each case, of any kind, nature or character
whatsoever, at law or in equity, known or unknown or hereafter discovered,
asserted or unasserted, liquidated or unliquidated, fixed or contingent, direct
or derivative or subrogated, accrued or unaccrued (collectively, “Claims”),
which Welsh has, may have or could have against any member of the Released
Parties for, on account of, in connection with or in any way pertaining to,
related in any way to or on account of any acts, events or matters arising that now exist or existed at
any time in the past, pertaining to any event occurring from the beginning of
time to the Termination Date, including, without limitation, any Claims that
have or could have been, or can or could ever be, asserted in connection with
Welsh’s employment with the Company on or prior to the Termination Date,
whether known or unknown, suspected or unsuspected, foreseen or unforeseen,
real or imaginary, actual or potential, including but not limited to claims
under any federal, state, or other governmental statute, regulation or ordinance,
including, without limitation, claims arising under Title VII of the Civil
Rights Act of 1964, as amended, 42 U.S.C. § 2000e et  seq., the
Employee Retirement Income Security Act, 29 U.S.C. 

       § 1001
et  seq. (“ERISA”) (excepting claims for vested pension benefits,
to the extent such vested benefits may exist), the Americans with Disabilities
Act (“ADA”), 42 U.S.C. § 12101, et  seq., the Age Discrimination
in Employment Act (“ADEA”), 29 U.S.C. § 621 et  seq., the Family
and Medical Leave Act of 1993 (“FMLA”), 29 U.S.C. § 2601 et  seq.,
the New Jersey Law Against Discrimination, N.J. Stat. § 10:5-1 et  seq.
(“NJLAD”), the Conscientious Employee Protection Act, N.J. Stat. Ann. § 34:19-1
et  seq. (“CEPA”), the New Jersey Family Leave Act (“NJFLA”), N.J.
Stat. Ann. § 34:11B-1 et  seq., the New Jersey Constitution, the
common law of the State of New Jersey (including, but not limited to, “Pierce
claims”), the New Jersey wage and hour laws, and any and all other federal,
state, county, or local common laws, statutes, ordinances, or regulations,
including, without limitation, claims of unlawful discharge, retaliation,
breach of contract, quantum meruit, breach of the covenant of good faith and
fair dealing, fraud, violation of public policy, defamation, physical injury,
emotional distress, or claims for additional compensation or benefits arising
out of Welsh’s employment or the termination therefrom, and any claims for
attorneys’ fees and costs.  This general
release is effective without regard to the legal nature of the claims raised
and without regard to whether any such claims are based upon tort, equity,
implied or express contract, or discrimination of any sort.  Welsh also waives any common law Claims
against the Released Parties, including but not limited to any Claim for
personal injury, wrongful discharge, public policy, negligence, infliction of
emotional distress, whistleblower, retaliation, negligent hiring or retention,
or any form of tort, whether negligent, reckless or intentional.

6.2        Notwithstanding
anything in this release to the contrary, nothing contained herein shall
constitute a waiver or release by Welsh of (i) any rights, remedies or claims
under the ADEA that may arise after the date of this release; (ii) any rights,
remedies or claims which cannot legally be waived by this release, including
without limitation, unemployment compensation claims, workers’ compensation
claims or the ability to file certain administrative claims; or (iii) any of
her rights or remedies available to her, at law or in equity, related to claims
for, on account of, in connection with or in any way pertaining to the
enforcement of this release or any of its terms or conditions.  Subject to the foregoing, this release shall
operate as a general release of any and all Claims to the fullest extent
permitted by applicable law.

6.3        Welsh
further agrees and covenants that should any person, organization, or other
entity file, charge, claim, sue, or cause or permit to be filed any civil
action, suit, or legal proceeding against Released Parties involving any matter
occurring at any time in the past, Welsh will not seek or accept personal
equitable or monetary relief in such civil action, suit, or legal
proceeding.  Nothing contained in the
preceding sentence is intended to nor shall operate to prevent, or in any way
limit, Welsh’s right to indemnification, whether pursuant to any policy of
insurance, statute, the Company’s By-laws or otherwise, of all costs and
expenses, including, but not limited to, attorneys’ and experts’ fees incurred
by Welsh in connection with such civil action, suit or legal proceeding
described above.

6.4        Welsh
hereby acknowledges that she has been given at least twenty-one (21) days
within which to consider this Agreement and release and that she has been
advised in 

       writing
that she should consult with an attorney prior to execution of this
release.  Welsh further acknowledges that
she has carefully read and fully understands all of the provisions of this
release and that she enters into it knowingly and voluntarily.  Welsh acknowledges that, by signing this
release before the expiration of this twenty-one (21) day review period, she
waives any remaining time under this Section 6.4.

6.5        Welsh
understands that she may revoke her consent to this release for a period of
seven (7) days following her execution hereof (the “Revocation Period”).

6.6        By
the execution of this release, Welsh represents and warrants that she has full
power and authority to enter into and perform the obligations which she
undertakes herein in accordance with the terms of the Agreement and that no
other parties need to approve or consent to this release.  By her signature below, Welsh expressly
acknowledges that she enters into this release voluntarily, without any
coercion, and after having had the opportunity to consult with counsel.

7.     Mutual
Covenant of Nondisparagement.  In
consideration of this Agreement,

7.1        Welsh
agrees and promises that, during the term of and at all times after the
termination of this Agreement for any reason, she shall not make any
disparaging or other statements about or concerning the Company or any of its
affiliates, their officers, employees or representatives intended to be
injurious to the Company.  Such prohibited
statements include any statement that is injurious to the business or business
reputation of any of the Company, its affiliates or their employees or
representatives, but does not include reasonable statements of disagreement
that Welsh makes for the purpose of protecting or enforcing any of her rights
or interests hereunder or defending against any claim of the Company, so long
as such statements are not knowingly false and are delivered in terms as would
ordinarily be considered customary and appropriate.  Nothing in this Agreement shall prohibit or
restrict Welsh from:  (i) testifying
under oath pursuant to legal process; (ii) providing information to, or
otherwise assisting in any investigation or proceeding brought by any state or
federal regulatory or law enforcement agency, legislative body, or the Company’s
designated compliance or human resources officers; or (iii) making any
disclosure of information required by law. 
It is understood that Welsh may discuss her employment with and resignation
from the Company, but not the non-public terms of this agreement, with a
prospective employer, subject to her obligations not to disparage the Company
as set forth above.

7.2        The
Company, on behalf of itself and its executive officers and directors, agrees
and promises that, during the term of and at all times after the termination of
this Agreement for any reason, not to make any disparaging or other statements
about or concerning Welsh intended to be injurious to Welsh; it being
understood, however, that while the Company is not responsible for, and cannot
be held responsible for the conduct of individuals (other than executive
officers and directors) not privy to the existence and terms of this Agreement,
it will make all reasonable efforts to ensure that non-executive officers and
other employees of the Company not make any such statements.  Moreover, the Company, its executive officers
and directors, if asked for 

       a
reference of any kind by a representative of any business or governmental
entity, shall make no disparaging or injurious statement about Welsh, her
character and/or her professional abilities, and, if requested, shall, in
accordance with Company policy, confirm only Welsh’s dates of employment,
position, and compensation.  Statements
that are prohibited hereunder include any statement that is injurious to the
professional reputation of Welsh, but do not include reasonable statements of
disagreement that the Company, and/or its officers, directors, agents and
representatives make for the purpose of protecting or enforcing any of the
Company’s rights or interests or defending against any claim of Welsh, so long
as such statements are not knowingly false 
and are delivered in terms as would ordinarily be considered customary
and appropriate.  Nothing in this
Agreement shall prohibit or restrict the Company, its officers, directors,
agents and representatives, from:  (i)
testifying under oath pursuant to legal process; (ii) providing information to,
or otherwise assisting in any investigation or proceeding brought by any state
or federal regulatory or law enforcement agency or legislative body, or (iii)
making any disclosure of information required by law.

8.     Miscellaneous.

8.1        Compliance
with Law.  Welsh shall comply with all
applicable laws in connection with her performance of Services under this
Agreement.

8.2        Entire
Agreement.  This Agreement
constitutes the entire agreement between the parties relative to the subject
matter hereof and thereof and supersedes all proposals, letters of intent or
agreements, written or oral, and all other communications between the parties
relating to the subject matter of this Agreement, except that this Agreement
shall not supersede or replace or amend the Confidentiality, Non-disclosure,
Non-competition, and Invention Assignment Agreement or any other restrictive
covenant in any written agreement to which the Company and Welsh are currently
a party. Except as otherwise specifically provided herein, no provisions of
this Agreement shall be waived, amended, modified, superseded, canceled,
renewed or extended except in a written instrument signed by the party against
whom any of the foregoing actions is asserted. 
Any waiver shall be limited to the particular instance and for the
particular purpose when and for which it is given.

8.3        Transfer
of Rights.  This Agreement, and any
part of the Services to be performed hereunder and all rights hereunder are
personal to Welsh and may not be transferred or assigned by Welsh at any time
without the prior written consent of the Company.  Notwithstanding the foregoing, in the event
of Welsh’s death during the Severance Period, nothing in this section shall be
construed as prohibiting or interfering with the rights of the designated
beneficiaries and heirs of Welsh to receive any amounts owed to Welsh pursuant
to Section 1 of this Agreement or under any benefit plan in which Welsh shall
participate under this Agreement.

8.4        Governing
Law.  This Agreement shall be
construed and enforced in accordance with, and the rights of the parties shall
be governed by, the internal laws of the State 

      of New Jersey other than any law that may
cause the laws of a different jurisdiction to apply.

8.5        Notices.  All notices and consents required or
permitted hereunder must be in writing and shall be deemed effectively given:
(a) upon personal delivery to the party to be notified, (b) when sent by
confirmed telex or facsimile if sent during normal business hours of the
recipient; if not, then on the next business day, (c) three (3) business days
after having been sent by registered or certified mail, return receipt
requested, postage prepaid, or (d) one business day after deposit with a
nationally recognized overnight courier, specifying next day delivery, with
written verification of receipt.  All
communications shall be sent to the party to be notified at the address as set
forth in the introduction or at such other address as such party may designate
by ten (10) days advance written notice to the other party.

8.6        Execution.  This Agreement may be executed by facsimile
and in two counterparts, each of which shall be deemed an original, but both of
which together shall constitute one and the same instrument.

8.7        Headings.  The headings of the sections, subsections,
and paragraphs of this Agreement have been added for convenience only and shall
not be deemed to be a part of this Agreement.

8.8        Severability.  In case any provision of the Agreement shall
be invalid, illegal, or unenforceable, the validity, legality, and
enforceability of the remaining provisions shall not in any way be affected or
impaired thereby.

IN WITNESS WHEREOF, the
parties hereto have executed this Separation Agreement and General Release as
of the Effective Date.

	
  

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  COMPANY:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  REDPOINT BIO CORPORATION

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Scott Horvitz

  
	
   

  	
  Name:

  	
   Scott Horvitz

  
	
   

  	
  Title:

  	
   CFO

  
	
   

  	
   

  
	
   

  	
   /s/ Susan M. Welsh

  
	
   

  	
   

  	
   

  
	
   

  	
  Susan WelshExhibit
10.34

THIRD AMENDMENT TO LOAN AGREEMENT

THIS THIRD AMENDMENT TO LOAN AGREEMENT,
dated as of April 13, 2007 (this “Amendment”),
between WACHOVIA BANK, NATIONAL ASSOCIATION, a national banking association,
having an office at 301 South College Street, Charlotte, North Carolina 28288 (“Lender”) and GMH
Communities, LP, a Delaware limited partnership, having an address at 10 Campus
Boulevard, Newtown Square, PA 19073 (“Borrower”).

W I T N E S S E T H:

WHEREAS, Lender and Borrower entered
into that certain Loan Agreement dated as of October 2, 2006 and amended on
each of October 31, 2006 and February 6, 2007 (as amended and in effect from
time to time, the “Loan Agreement”); and

WHEREAS, Borrower and GF II/GMH II
LLC, a Delaware limited liability company and a wholly-owned subsidiary of
Fidelity Real Estate Growth Fund II, L.P., are forming GMH/GF II Student Housing Associates II LLC,
a Delaware limited liability company (the “JV”), in which Borrower will hold 10% interest and
GF II/GMH II LLC will hold 90% interest;

WHEREAS, in connection with formation
of the JV, Borrower intends to transfer to the JV (the “JV Transfer”) the
Individual Property and the Encumbered Properties set forth below and as named
within Schedules A and C of the Loan Agreement, respectively (together, the “Released
Properties”):

	
  

  	
  Individual Property:

  	
  Encumbered Properties:

  
	
   

  	
   

  	
   

  
	
   

  	
  University Uptown

  	
  Campus Edge Associates, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
  University Walk

  
	
   

  	
   

  
	
   

  	
  University Heights

  
	
   

  	
   

  
	
   

  	
  The Ridge

  

WHEREAS, Lender and Borrower have
executed and delivered a Release of Individual Property, dated as of the date
hereof (the “Release”); and

WHEREAS, in connection with JV Transfer,
Borrower has requested that the Lender amend or waive certain provisions of the
Loan Agreement, and subject to the terms and conditions hereof, Lender is
willing to do so.

NOW THEREFORE, in consideration of
the premises and mutual agreements contained herein and for other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto hereby agree as follows:

1.             Defined Terms.  Unless otherwise defined herein, capitalized
terms used herein shall have the meanings ascribed to such terms in the Loan
Agreement.

2.             Amendments.

SCHEDULE A of the
Loan Agreement is hereby amended by replacing the Allocated Value amount for
University Uptown with “$23,937,027.00”.

3.             Waivers.  Subject to the execution by Borrower of the
Release in connection with the Individual Property set forth above, Lender
hereby agrees that, notwithstanding the provisions of the Loan Agreement to the
contrary, Lender consents to the JV Transfer and will release the Released
Properties from the restrictions of the Loan Agreement. In addition, as set
forth in the Release, Lender also agrees that, notwithstanding the provisions
of the Loan Agreement to the contrary, Lender waives the applicability of
Article II, Section 2.4(f) of the Loan Agreement to the release of the Individual
Property being transferred in connection with the JV Transfer, which otherwise
requires Borrower to pay a one percent (1%) fee to Lender in connection with a
Refinancing not funded or placed by Lender or an Affiliate of Lender; provided,
however, that this waiver is being provided only in connection with the JV
Transfer and shall not be deemed to constitute a waiver for purposes of the
prospective release of any other Individual Property under the Loan Agreement.

4.             Conditions of Effectiveness.  Notwithstanding any other provision of this
Amendment, it is understood and agreed that this Amendment shall not become
effective until the Lender shall have received duly executed counterparts of
this Agreement executed by Lender and Borrower.

5.             Representations and Warranties.  Borrower represents and warrants that,
after giving effect to this Amendment, the representations and warranties
contained in the Loan Agreement and the Loan Documents are true and correct in
all material respects on and as of the date hereof as though made on and as of
such date.  Borrower represents and
warrants that, after giving effect to this Amendment, no Default or Event of
Default has occurred and is continuing, and the execution, delivery and
performance of this Amendment shall not cause or constitute any such Default or
Event of Default.

6.             Reaffirmation of Guaranty.  Each of Guarantor and Mezzanine Property
Guarantor consents to the execution and delivery by Borrower of this Amendment
and ratifies and confirms the terms of the Guaranty and the Mezzanine Property
Guaranty, as applicable, with respect to the indebtedness now or hereafter
outstanding under the Loan Agreement as amended hereby and all promissory notes
issued thereunder.  Nothing contained
herein to the contrary shall release, discharge, modify, change or affect the
original liability of either the Guarantor or the Mezzanine Property Guarantor under
the Guaranty or the Mezzanine Property Guaranty, as applicable.

 2
 

7.             Effect of
Amendment.  Except as set
forth expressly herein, all terms of the Loan Agreement, as amended hereby, and
the other Loan Documents shall be and remain in full force and effect and shall
constitute the legal, valid, binding and enforceable obligations of Borrower to
Lender.  The execution, delivery and effectiveness
of this Amendment shall not, except as expressly provided herein, operate as a
waiver of any right, power or remedy of Lender under the Loan Agreement, nor
constitute a waiver of any provision of the Loan Agreement.  This Amendment shall constitute a Loan
Document for all purposes of the Loan Agreement.  All references to the “Loan Agreement” in any
Loan Document shall mean the Loan Agreement as amended hereby.

8.             Governing Law.  This Amendment shall be governed by, and
construed in accordance with, the internal laws of the State of New York and
all applicable federal laws of the United States of America.

9.             Costs and Expenses.  Borrower agrees to pay on demand all costs
and expenses of Lender in connection with the preparation, execution and
delivery of this Amendment, including, without limitation, the reasonable fees
and out-of-pocket expenses of outside counsel for Lender with respect thereto.

10.           Counterparts.  This Amendment may be executed by one or more
of the parties hereto in any number of separate counterparts, each of which shall
be deemed an original and all of which, taken together, shall be deemed to
constitute one and the same instrument. 
Each party may rely upon a facsimile signature of each other party
hereto as if it were an original.

11.           Binding Nature.  This Amendment shall be binding upon and
inure to the benefit of the parties hereto, and their respective successors and
assigns.

12.           Entire Understanding.  This Amendment and the Release set forth
the entire understanding of the parties with respect to the matters set forth
herein, and shall supersede any prior negotiations or agreements, whether
written or oral, with respect thereto.

[Signature Page Follows]

 3
 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed by their duly authorized representatives, all as of the day and
year first above written.

	
  

  	
   

  	
  BORROWER:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GMH COMMUNITIES, LP, a Delaware limited 

  partnership

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  GMH Communities GP Trust, a 

  Delaware statutory trust, its general 

  partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LENDER:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  WACHOVIA BANK, NATIONAL 

  ASSOCIATION, a national banking association

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Matthew Ricketts

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Matthew Ricketts

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GUARANTOR:

  
								

 

 4
 

 

	
  

  	
  SAVOY VILLAGE ASSOCIATES, LLC

  
	
  

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  CROYDEN AVENUE ASSOCIATES, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MONKS ROAD ASSOCIATES, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SOUTH CAROLINA ASSOCIATES, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  RENO ASSOCIATES, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  DENTON ASSOCIATES, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
												

 

 5
 

 

	
  

  	
  LANKFORD DRIVE ASSOCIATES, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GMH COMMUNITIES TRUST, a Maryland

  real estate investment trust

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  CLARIZZ BOULEVARD ASSOCIATES

  INTERMEDIATE, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  LAKESIDE ASSOCIATES INTERMEDIATE,

  LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  URBANA ASSOCIATES INTERMEDIATE,

  LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
								

 

 6
 

 

	
  

  	
  RED MILE ROAD ASSOCIATES 

  INTERMEDIATE, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BURBANK DRIVE ASSOCIATES 

  INTERMEDIATE III, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  COMMONS DRIVE ASSOCIATES 

  INTERMEDIATE, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  ABBOTT ROAD ASSOCIATES 

  INTERMEDIATE, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  CAMPUS VIEW DRIVE ASSOCIATES 

  INTERMEDIATE, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
									

 

 7
 

 

	
  

  	
  ALEXANDER ROAD ASSOCIATES 

  INTERMEDIATE, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  BROWN ROAD ASSOCIATES 

  INTERMEDIATE, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  KELLER BOULEVARD ASSOCIATES 

  INTERMEDIATE, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  COLLEGE PARK INVESTMENTS LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  COLLEGE PARK MANAGEMENT, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
						

 

 8
 

 

	
  

  	
  COLLEGE PARK MANAGEMENT TRS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  GMH MILITARY HOUSING, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  GMH MILITARY HOUSING 

  INVESTMENTS, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  GMH COMMUNITIES TRS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  GMH COMMUNITIES GP TRUST

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  GMH COMMUNITIES SERVICES, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  

 

 9
 

 

	
  

  	
  MEZZANINE PROPERTY GUARANTOR:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  SAVOY VILLAGE ASSOCIATES 

  INTERMEDIATE, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  CROYDEN AVENUE ASSOCIATES 

  INTERMEDIATE, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  MONKS ROAD ASSOCIATES 

  INTERMEDIATE, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SOUTH CAROLINA ASSOCIATES 

  INTERMEDIATE, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  RENO ASSOCIATES INTERMEDIATE, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
						

 

 10
 

 

	
  

  	
  DENTON ASSOCIATES INTERMEDIATE, 

  LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  LANKFORD DRIVE ASSOCIATES 

  INTERMEDIATE, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By: 

  	
  /s/ Joseph M. Macchione

  	
   

  
	
   

  	
   

  	
  Name: Joseph M. Macchione

  
	
   

  	
   

  	
  Title: Vice President

  

 

 11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00122-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00122-of-00352.parquet"}]]