FORM OF WARRANT COMSTOCK HOLDING COMPANIES, INC. WARRANTS FOR THE PURCHASE OF SHARES OF COMMON STOCKWarrant Agreement • April 15th, 2015 • Comstock Holding Companies, Inc. • Operative builders • Delaware
THIS CERTIFIES that, for value received, Comstock Holding Companies, Inc., a Delaware corporation (the “Company”), upon the surrender of this Warrant to the Company at the address specified herein, at any time during the Exercise Period (as defined below) will upon receipt of the Exercise Price (as defined below), sell and deliver to Comstock Growth Fund, L.C. (the “Holder”), up to the number of duly authorized, validly issued and fully paid and nonassessable shares of Class A common stock of the Company, par value $0.01 per share (the “Common Stock”), set forth above, as appropriately adjusted pursuant to Section G. The term “Common Stock” shall mean the aforementioned common stock of the Company together with any other equity securities that may be issued by the Company in connection therewith or in substitution therefor, as provided herein, that is not limited as to final sum or percentage in respect of the rights of the holders thereof to participate in dividends or in distribution
ACQUISITION AND CONSTRUCTION LOAN AGREEMENT (Revolving Line of Credit)Acquisition and Construction Loan Agreement • April 15th, 2015 • Comstock Holding Companies, Inc. • Operative builders • Virginia
THIS ACQUISITION AND CONSTRUCTION LOAN AGREEMENT made as of the 19th day of December, 2014 by and between COMSTOCK TWO RIVERS II, L.C., a limited liability company organized under the laws of the commonwealth of Virginia (the “Borrower”), and CARDINAL BANK, a bank chartered under the laws of the commonwealth of Virginia (“Lender”).
