Document:

Amendment No. 1 to Mortgage Loan Purchase Agreement

 Exhibit 10.19 
 EXECUTION COPY 
 AMENDMENT NO. 1 TO 
 MORTGAGE LOAN PURCHASE AGREEMENT 
 AMENDMENT NO. 1 TO MORTGAGE LOAN PURCHASE
AGREEMENT, dated as of August 17, 2006 (this “Amendment”), by and between CBRE Realty Finance Holdings IV, LLC and CBRE Realty Finance TRS Warehouse Funding III, LLC (collectively, the “Seller”) and Wachovia
Bank, National Association (the “Purchaser”). Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Existing Agreement (as defined below). 
 RECITALS 
 Seller and the Purchaser
are parties to that certain Mortgage Loan Purchase Agreement, dated July 20, 2006 (the “Existing Agreement”). 
 Seller
and the Purchaser have agreed to extend the Fixed Repurchase Date of the Existing Agreement. 
 Therefore, in consideration of the premises
and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Seller and the Purchaser hereby agree as follows: 
 SECTION 1. Amendment. Section 7(b) of the Existing Agreement is hereby modified by deleting it in its entirety and inserting the following paragraph in lieu thereof: 
 “No later than September 30, 2006 (the “Fixed Repurchase Date”), the Seller shall repurchase all of the
Mortgage Loans for an amount equal to the aggregate Repurchase Price. The Seller shall pay the aggregate Repurchase Price plus all other amounts due and owing under this Agreement in immediately available funds to the Purchaser’s Account on or
before the date required by this Subsection 7(b).” 
 SECTION 2. Conditions Precedent. This Amendment and its provisions
shall become effective on the date on which the Purchaser shall have received this Amendment, executed and delivered by a duly authorized officers of Seller and the Purchaser (the “Amendment Effective Date”). 
 SECTION 3. Representations and Warranties. The Seller hereby represents and warrants to the Purchaser, as of the date hereof and as of the
Amendment Effective Date, that (i) Seller is in compliance with all of the terms and provisions set forth in the Existing Agreement and each related document on its part to be observed or performed, (ii) no Event of Default has occurred or
is continuing, (iii) Seller has no, and hereby waives all, defenses, rights of setoff, claims, counterclaims or causes of action of any kind or description against the Purchaser arising under or in respect of the Existing Agreement or any of
the other related documents and (iv) the Purchaser is in full compliance with its undertakings and obligations under the Existing Agreement and each of the related documents. Seller hereby confirms and reaffirms the representations and
warranties contained in Section 3 of the Existing Agreement. 

 SECTION 4. Limited Effect. Except as expressly amended and modified by this Amendment, the
Existing Agreement and each of the other related documents shall continue to be, and shall remain, in full force and effect in accordance with their respective terms; provided, however, that upon the Amendment Effective Date, each
reference therein and herein to the “related documents” shall be deemed to include, in any event, this Amendment and each reference to the “Mortgage Loan Purchase Agreement” or “MLPA” in any of the related documents
shall be deemed to be a reference to the Existing Agreement as amended hereby. 
 SECTION 5. Counterparts. This Amendment may
be executed by each of the parties hereto on any number of separate counterparts, each of which shall be an original and all of which taken together shall constitute one and the same instrument. Delivery of an executed counterpart of a signature
page to this Amendment in Portable Document Format (PDF) or by facsimile transmission shall be effective as delivery of a manually executed original counterpart thereof. 
 SECTION 6. Expenses. Seller agrees to pay and reimburse the Purchaser for all of the reasonable out-of-pocket costs and expenses incurred by the Purchaser in connection with the preparation, execution
and delivery of this Amendment, including, without limitation, the fees and disbursements of Cadwalader, Wickersham & Taft LLP, counsel to the Purchaser. 
 SECTION 7. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 [SIGNATURES FOLLOW] 
  

 - 2 - 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered as of
the day and year first above written. 
  

					
	 SELLER

	
	 CBRE REALTY FINANCE HOLDINGS IV, LLC

		
	 By:
	 	 CBRE Realty Finance Holdings, LLC

		
	 By:
	 	 /s/ Paul T. Martin

		 	 Name:
	 	 Paul T. Martin

		 	 Title:
	 	 Managing Director

	
	 CBRE REALTY FINANCE TRS WAREHOUSE FUNDING III, LLC

		
	 By:
	 	 CBRE Realty Finance TRS, Inc.

		
	 By:
	 	 /s/ Paul T. Martin

		 	 Name:
	 	 Paul T. Martin

		 	 Title:
	 	 Executive Vice President

	
	 Address for Notices:
  
 185 Asylum Street, 37th Floor
 Hartford, Connecticut 06103
 Attn: Ann Marie O’Rourke
 Fax: (860) 275-6225
  
 With a copy to:
  
 Dechert LLP
 2929 Arch Street
 Philadelphia, Pennsylvania 19104
 Attn: Richard D. Jones
 Fax: (215) 655-2501

					
	 PURCHASER

	
	 WACHOVIA BANK, NATIONAL ASSOCIATION

		
	 By:
	 	 /s/ Joseph F. Cannon

		 	 Name:
	 	 Joseph F. Cannon

		 	 Title:
	 	 Vice President

	
	 Address for Notices:
  
 One Wachovia Center
 301 South College Street NC1066
 Charlotte, North Carolina 28288-0166
 Telecopier No.: (704) 715-0066
 Telephone No.:
(704) 383-2324
  
 with a copy
to:
  
 Cadwalader, Wickersham & Taft LLP
 227 West Trade Street, Suite 2400
 Charlotte, North Carolina 28209

Attention: Stuart N. Goldstein

 Although consent of the Guarantor is not needed to effect the changes set forth in this Amendment, as a
convenience to the parties, the Guarantor hereby acknowledges, accepts and agrees to the changes made to the Existing Agreement by this Amendment and affirms and confirms its obligations under the Guarantee Agreement. 
  

					
	 GUARANTOR

	
	 CBRE REALTY FINANCE, INC., a Maryland corporation

		
	By:	 	 /s/ Paul T. Martin

		 	 Name:
	 	 Paul T. Martin

		 	 Title:
	 	 Executive Vice President

	
	 CBRE REALTY FINANCE HOLDINGS, INC.,
a Delaware limited liability company

		
	By:	 	 /s/ Paul T. Martin

		 	 Name:
	 	 Paul T. Martin

		 	 Title:
	 	 Managing DirectorAGREEMENT

      Agreement, dated June 30, 2006, between Newtown Lane Marketing,
Incorporated, a Delaware corporation (the "Company"), and ________________, an
employee of the Company (the "Employee").

      WHEREAS, the Company owes the Employee an aggregate of $21,600 in accrued
but unpaid salary (the "Accrued Salary") to the date hereof, and believes that
it is in the best interest of the Company that such accrued salary be converted
into shares of the Company's common stock ("Common Stock") at the rate of $0.25
per share.

      NOW THEREFORE, for good and valuable consideration, the parties hereto
hereby agree as follows:

      1. The Accrued Salary is hereby converted into an aggregate of 86,400
shares of Common Stock, at the rate of $0.25 per share, and, pursuant to such
conversion, the Company shall issue 86,400 restricted shares of Common Stock in
the name of the Employee on the date hereof.

      2. The Accrued Salary is no longer an obligation of the Company to the
Employee.

                                                  EMPLOYEE:

                                                  ______________________________
                                                  Name:

                                                  COMPANY:

                                                  NEWTOWN LANE MARKETING,
                                                  INCORPORATED

                                                  By: __________________________
                                                  Name:
                                                  Title:KSV VENTURES, LLC

                               Operating Agreement

      This Operating Agreement (this "Agreement") of KSV Ventures, LLC, a
Delaware limited liability company (the "Company"), dated as of the 15th day of
June, 2006 is made and entered and into by and among Newtown Lane Marketing,
Incorporated and John Vincenzo, as members (the "Members"), and Vincent J.
McGill, as the Authorized Person and organizer of the Company (the "Organizer").

      WHEREAS, the Organizer formed the Company as a Delaware limited liability
company in June 2006 by filing the Company's original Certificate of Formation
(the "Certificate of Formation") with the Secretary of State of the State of
Delaware in accordance with the Delaware Limited Liability Company Act, as
amended from time to time (the "LLC Act");

      WHEREAS, the Members and the Organizer now desire to enter into this
Agreement to provide for the admission of the Members as members of the Company
and to provide for the management of the Company and its affairs and for the
conduct of its business;

NOW, THEREFORE, it is hereby agreed as follows:

      1. Name. The name of the limited liability company is KSV Ventures, LLC.

      2. Purpose. The Company was formed to engage in and carry on any lawful
act or activity for which a limited liability company may be formed under the
LLC Act and to engage in and carry on any and all activities necessary or
incidental to the foregoing.

      3. Term. The term of the Company commenced on the date of the filing of
the Company's Certificate of Formation with the Secretary of State of the State
of Delaware in accordance with the LLC Act and the Company shall continue until
the earlier to occur of: (i) the dissolution of the Company by the Members or
(ii) the entry of a decree of judicial dissolution under the LLC Act.

      4. Member. The members of the Company shall be Newtown Lane Marketing,
Incorporated and John Vincenzo. Each member shall have 50% of the outstanding
membership interests of the Company and 50% of voting rights in the Company.

      5. Capital Contributions. The Members may, but shall not be required to,
make capital contributions to the Company from time to time. The Members shall
not be entitled to interest on any capital contributions made by them.

      6. Distributions. Distributions may be made to the Members at such times
and in such amounts as the Members shall unanimously determine in accordance
with their membership interests.

      7. Loans. The Members may, at any time and from time to time, make loans
to the Company or cause loans to be made to the Company, in such amounts and on
such terms as may unanimously be determined by the Members.

<PAGE>

      8. Management and Powers.

      (a) The business and affairs of the Company shall be managed by the
Members. The Members, each acting individually, shall have the power to do any
and all acts necessary or convenient to or for the furtherance of the purposes
of the Company, including all powers, statutory or otherwise, possessed by the
members of a limited liability company under the LLC Act.

      (b) The Members may cause the Company to employ and retain such other
persons as may be necessary or appropriate for the conduct of the Company's
business, on such terms as the Members, acting individually, shall determine,
including persons who may be designated as officers. The officers of the Company
shall have the titles, powers and duties delegated to them by the Members. Any
number of titles may be held by the same officer.

      (c) The Members shall have the power and authority to delegate their
rights and powers to manage and control the business and affairs of the Company
to one or more other persons (including one or more committees, managers and
agents, employees and/or affiliates of a manager), including delegation by
management agreement or other arrangement.

      (d) Except as otherwise provided by law, neither the Members nor any
delegate of the Members shall be liable, responsible or accountable in any way
for damages or otherwise to the Company for any act or failure to act pursuant
to this Agreement or otherwise unless there is a judicial determination that (i)
the conduct of such person constituted intentional misconduct or a knowing
violation of law, (ii) such person gained a financial benefit to which he or she
was not legally entitled or (iii) such person failed to perform his or her
duties with the degree of care that an ordinarily prudent person in a like
position would use under similar circumstances.

      (e) The Company shall indemnify, defend and hold harmless each of the
Members and any delegate of the Members (collectively, the "Indemnitees"), from
and against any and all claims, losses, liabilities, damages, fines, penalties,
costs and expenses (including, without limitation, reasonable fees and
disbursements of counsel and other professionals) arising out of or in
connection with any act or failure to act by any Indemnitee pursuant to this
Agreement, or the business and affairs of the Company, to the fullest extent
permitted by law; provided, however, that an Indemnitee shall not be entitled to
indemnification hereunder if there is a judicial determination that (i) such
Indemnitee's actions or omissions to act were the result of active and
deliberate dishonesty and were material to the cause of action so adjudicated,
or (ii) such Indemnitee personally gained a financial benefit to which the
Indemnitee was not legally entitled.

      9. Admission of Additional Members. One or more additional members of the
Company may be admitted to the Company with the unanimous consent of the
Members, whereupon this Operating Agreement shall be amended and restated in its
entirety.

<PAGE>

      10. Liability for Obligations of the Company. The Members shall not have
any liability for the obligations or liabilities of the Company except to the
extent provided in the LLC Act.

      11. Release of Organizer. The Members and the Company hereby release the
Organizer from any and all claims they might have against the Organizer arising
out of or related to the formation of the Company. The Company hereby agrees to
indemnify the Organizer as if he were the beneficiary of the provisions of
Section 8(d) hereof.

      12. Governing Law. This Agreement shall be governed by, and construed in
accordance with, the laws of the State of Delaware.

      IN WITNESS WHEREOF, the undersigned Members have duly executed this
Operating Agreement of KSV VENTURES, LLC as of the date first above written.

/s/ John Vincenzo
---------------------------
John Vincenzo
Member

Newtown Lane Marketing, Incorporated
Member

By: /s/ Richard M. Cohen
    ---------------------------
    An Authorized Officer
Member

/s/ Vincent J. McGill
--------------------------
Vincent J. McGill
Organizer

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