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EXHIBIT 1.02
CRESCENT REAL ESTATE EQUITIES COMPANY
(a Texas real estate investment trust)
COMMON SHARES OF BENEFICIAL INTEREST
(Par Value $.01 Per Share)
U.S. TERMS AGREEMENT
Dated: July 22, 1997
To: CRESCENT REAL ESTATE EQUITIES COMPANY
000 Xxxx Xxxxxx
Xxxx Xxxxx, Xxxxx 00000
Attention:
Ladies and Gentlemen:
We (the "U.S. Underwriter") understand that Crescent Real
Estate Equities Company (the "Company") proposes to issue and sell its Common
Shares of Beneficial Interest, $.01 par value per share (the "Common Shares")
(such Common Shares being hereinafter referred to as the "U.S. Underwritten
Securities"). Subject to the terms and conditions set forth or incorporated by
reference herein, the U.S. Underwriter offers to purchase the U.S. Underwritten
Securities to the extent any are purchased, at the purchase price set forth
below.
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The U.S. Underwritten Securities shall have the following terms:
Title of Securities: Common Shares of Beneficial Interest, par value $.01 per
share
Number of Shares: 351,185
Public offering price per share: $28.475
Purchase price per share: $28.475
Number of U.S. Option Securities, if any, that may be purchased by the U.S.
Underwriters: none
Delayed Delivery Contracts: not authorized
Additional co-managers, if any: n.a.
Closing date and location: July 25, 0000, Xxxxx & Xxxxxxx X.X.X.,
Xxxxxxxx Square, 000 Xxxxxxxxxx Xxxxxx,
X.X., Xxxxxxxxxx, X.X. 00000-0000
All the provisions contained in the document attached as Annex
A hereto entitled "Crescent Real Estate Equities Company--Preferred Shares of
Beneficial Interest, Common Shares of Beneficial Interest, and Common Share
Warrants--U.S. Purchase Agreement" are hereby incorporated by reference in
their entirety herein and shall be deemed to be a part of this U.S. Terms
Agreement to the same extent as if such provisions had been set forth in full
herein. Terms defined in such document are used herein as therein defined.
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Please accept this offer no later than five o'clock P.M. (New York City time)
on July 22, 1997 by signing a copy of this U.S. Terms Agreement in the space
set forth below and returning the signed copy to us.
Very truly yours
XXXXXXX LYNCH, PIERCE, XXXXXX & XXXXX
INCORPORATED
By: /s/ XXXXXX X. XXXXXXXXXX
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Xxxxxx X. Xxxxxxxxxx
Director
Accepted:
By: CRESCENT REAL ESTATE EQUITIES COMPANY
By: /s/ XXXX X. XXXX
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Name: Xxxx X. Xxxx
Title: Vice Chairman of the Board
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