KEYBANK NATIONAL ASSOCIATIONWhitestone REIT • October 7th, 2008 • Real estate investment trusts
Reference is made to that certain Revolving Credit Agreement, dated as of March 11, 2005 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Whitestone REIT Operating Partnership, LP and Whitestone REIT Operating Partnership III, L.P. (the “Borrowers”), certain lenders from time to time party thereto (the “Lenders”), KeyBank National Association, as administrative agent for the Lenders (the “Agent”), and KeyBanc Capital Markets, as lead arranger and book manager. Capitalized terms used but not defined in this letter (this “Extension Letter”) and which are defined in the Credit Agreement shall have the meanings assigned thereto in the Credit Agreement.
NOTEWhitestone REIT • October 7th, 2008 • Real estate investment trusts
FOR VALUE RECEIVED, the undersigned, Whitestone Offices LLC, a Texas limited liability company (“Borrower”), whose Federal Tax Identification Number is 26-3198833, promises to pay to the order of Nationwide Life Insurance Company, an Ohio corporation, its successors and assigns (“Lender”), the principal sum of $24,500,000.00, together with interest on the principal balance of this Note (the “Note”), from time to time remaining unpaid, from the date of disbursement by Lender at the applicable interest rate hereinafter set forth, together with all other sums due hereunder or under the terms of the Deed of Trust (as hereinafter defined) in lawful money of the United States of America which shall be legal tender in payment of all debts at the time of such payment (the “Loan”). Both principal and interest and all other sums due hereunder shall be payable at the office of Lender at One Nationwide Plaza, Fifth Floor, Columbus, Ohio 43215, Attention: Real Estate Investments, or at such other p
