DUNHAM & ASSOCIATES HOLDINGS, INC.Loan Agreement • January 7th, 2014 • American Spectrum Realty Inc • Real estate investment trusts • California
The purpose of this letter ("Letter Agreement") is to set forth the agreements and understandings of Dunham & Associates Holdings, Inc. ("Dunham"), American Spectrum Dunham Properties LLC ("American Spectrum") and American Spectrum Realty, Inc. ("ASR"). Dunham, American Spectrum and ASR agree as follows:
WARRANT TO PURCHASE COMMON STOCK OF AMERICAN SPECTRUM REALTY, INC.Warrant Agreement • January 7th, 2014 • American Spectrum Realty Inc • Real estate investment trusts • New York
THIS CERTIFIES that DUNHAM & ASSOCIATES HOLDINGS, INC. (the “Holder”) of this Warrant (this “Warrant”), has the right to purchase from AMERICAN SPECTRUM REALTY, INC., a Maryland corporation (the “Company”), up to 600,000 fully paid and nonassessable shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”), subject to adjustment as provided herein, at a price per share equal to the Exercise Price (as defined below), at any time during the period commencing on the date on which this Warrant is issued (the “Issue Date”) and ending at 5:00 p.m., New York City time, on December 31, 2018 (the “Expiration Date”). This Warrant is issued pursuant to and subject to the terms of a letter agreement, dated as of December 30, 2013, by and between the Company and the Holder. For purposes of this Warrant, a “Business Day” shall mean any day other than a Saturday, a Sunday or a day on which the New York Stock Exchange is closed or on which commercial banks in the City of New
