COMMON STOCK PURCHASE WARRANT CONDOR HOSPITALITY TRUST, INC.Elsztain Eduardo S • January 26th, 2017 • Real estate investment trusts • New York
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, Real Estate Strategies L.P. (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after January 24, 2017 (the “Initial Exercise Date”) and on or prior to the close of business on the Termination Date but not thereafter, to subscribe for and purchase from Condor Hospitality Trust, Inc., a Maryland corporation (the “Company”), 150,540 shares (subject to adjustment hereunder, the “Warrant Shares”) of Common Stock. The purchase price of one share of Common Stock under this Warrant shall be equal to the applicable Exercise Price hereunder.
