Deutsche Bank Securities Inc. 60 Wall Street, 44th floor New York, NY 10005 Re: Grubb & Ellis Realty Advisors, Inc. Ladies and Gentlemen:Grubb & Ellis Realty Advisors, Inc. • January 9th, 2006 • Blank checks
Company FiledJanuary 9th, 2006 IndustryThis letter will confirm the agreement of the undersigned to purchase warrants (“Warrants”) of Grubb & Ellis Realty Advisors, Inc. (“Company”) included in the units (“Units”) being sold in the Company’s initial public offering (“IPO”) upon the terms and conditions set forth herein. Each Unit is comprised of one share of Common Stock and two Warrants. The shares of Common Stock and Warrants will not be separately tradable until 90 days after the effective date of the Company’s IPO unless Deutsche Bank Securities Inc. (“Deutsche Bank”) informs the Company of its decision to allow earlier separate trading.
Deutsche Bank Securities Inc. 60 Wall Street, 44th floor New York, NY 10005 Re: Grubb & Ellis Realty Advisors, Inc. Ladies and Gentlemen:Grubb & Ellis Realty Advisors, Inc. • November 28th, 2005 • Blank checks
Company FiledNovember 28th, 2005 IndustryThis letter will confirm the agreement of the undersigned to purchase warrants (“Warrants”) of Grubb & Ellis Realty Advisors, Inc. (“Company”) included in the units (“Units”) being sold in the Company’s initial public offering (“IPO”) upon the terms and conditions set forth herein. Each Unit is comprised of one share of Common Stock and two Warrants. The shares of Common Stock and Warrants will not be separately tradable until 90 days after the effective date of the Company’s IPO unless Deutsche Bank Securities Inc. (“Deutsche Bank”) informs the Company of its decision to allow earlier separate trading.