STOCK REPURCHASE AGREEMENTStock Repurchase Agreement • March 31st, 2023 • Stratus Properties Inc • Land subdividers & developers (no cemeteries) • Delaware
THIS STOCK REPURCHASE AGREEMENT (this “Agreement”) is entered into as of November 1, 2022 by and between Stratus Properties Inc., a Delaware corporation (the “Company”), and James C. Leslie (the “Selling Stockholder”). Each of the Company and the Selling Stockholder are sometimes individually referred to as a “party” and collectively as the “parties.”
DEVELOPMENT AGREEMENT (Barton Creek Section N Tecoma Circle Phase 2 Right of Way)Development Agreement • March 31st, 2023 • Stratus Properties Inc • Land subdividers & developers (no cemeteries) • Texas
This Development Agreement (this “Agreement”) is made and entered into effective as of January 31 , 2023 (the “Effective Date”) by and between STRATUS PROPERTIES OPERATING CO., L.P., a Delaware limited partnership (“SPOC”), and HOLDEN HILLS, L.P., a Texas limited partnership (“Holden Hills”). SPOC and Holden Hills are sometimes collectively called “Parties” or individually a “Party.”
SECOND MODIFICATION AGREEMENTModification Agreement • March 31st, 2023 • Stratus Properties Inc • Land subdividers & developers (no cemeteries)
This SECOND MODIFICATION AGREEMENT (this “Agreement”) dated effective as of December 6, 2022 is by and among STRATUS KINGWOOD PLACE, L.P., a Texas limited partnership (“Borrower”), STRATUS PROPERTIES INC., a Delaware corporation (“Guarantor”) (Borrower and Guarantor herein sometimes called “Loan Parties” or “Loan Party”, as the context may require), and COMERICA BANK, a Texas banking association (“Lender”).
ContractLimited Partnership Agreement • March 31st, 2023 • Stratus Properties Inc • Land subdividers & developers (no cemeteries) • Texas
Certain identified information has been excluded from this exhibit because it is both not material and is the type that the registrant customarily and actually treats as private or confidential. Information that was omitted has been noted in this document with a placeholder identified by the mark “[***]”.
Interest Rate Index Replacement AgreementInterest Rate Index Replacement Agreement • March 31st, 2023 • Stratus Properties Inc • Land subdividers & developers (no cemeteries)
Effective Date: January 3, 2023 Agent: TEXAS CAPITAL BANK, a Texas state bank (f/k/a TEXAS CAPITAL BANK, NATIONAL ASSOCIATION) Borrower: The Saint June, L.P., a Texas limited partnership Guarantor: Stratus Properties Inc., a Delaware corporation Loan Agreement: Loan Agreement among Borrower, Agent, and Lenders thereto dated June 2, 2021 (as modified or amended from time to time) Note (collectively): Amended and Restated Note by Borrower in favor of Texas Capital Bank dated August 13, 2021 in principal amount of $25,320,000.00 (as modified or amended from time to time); and Note by Borrower in favor of TexasBank dated August 13, 2021 in principal amount of $5,000,000.00 (as modified or amended from time to time) Replacement Effective Date: January 3, 2023
CONSULTING AGREEMENTConsulting Agreement • March 31st, 2023 • Stratus Properties Inc • Land subdividers & developers (no cemeteries) • Texas
This Consulting Agreement (this “Agreement”) is entered into effective as of the Effective Date, as defined in Section 9.13 below, by and between Stratus Properties Inc., a Delaware corporation (the “Company”), and James C. Leslie, an individual residing in Dallas, Texas (“Consultant”).
