SETTLEMENT AGREEMENTSettlement Agreement • June 4th, 2008 • Whitestone REIT • Real estate investment trusts • Texas
This Settlement Agreement (this “Agreement”), dated May 30, 2008 (the ”Effective Date”), is made and entered into by and between Whitestone REIT, Whitestone REIT Operating Partnership, L.P. (together with Whitestone REIT, “Whitestone”), James C. Mastandrea (“Mastandrea”) and John J. Dee (“Dee” and together with Whitestone and Mastandrea, the “Whitestone Parties”) on the one hand, and Allen R. Hartman (“Hartman”), Hartman Management, LP (“Hartman Management”), Hartman Income REIT Operating Partnership, L.P. (“Hartman Partnership”) and Hartman Income REIT, Inc. (“Hartman Income REIT,” together with Hartman, Hartman Management and Hartman Partnership, the “Hartman Parties”). Each of the Whitestone Parties and the Hartman Parties are referred to herein collectively as the “Parties” and individually as a “Party.”
MUTUAL RELEASEMutual Release • June 4th, 2008 • Whitestone REIT • Real estate investment trusts
This Mutual Release (“Release”) is made and entered into as of the 30 day of May, 2008, by and between Whitestone REIT (“Whitestone REIT”), Whitestone REIT Operating Partnership, L.P. (“Whitestone REIT OP”), James C. Mastandrea (“Mastandrea”), and John J. Dee (“Dee”) and Allen R. Hartman (“Hartman”), Hartman Management, L.P. (“Hartman Management”), and Hartman Income REIT, as successor-in-interest of Hartman Management (“Hartman Income REIT”). Whitestone REIT, Whitestone REIT OP, Mastandrea, Dee, Hartman, Hartman Management, and Hartman Income REIT are referred to herein collectively as the “Parties” and each individually as a “Party.”
