LUXURBAN HOTELS INC.Stock Purchase Warrant Agreement • February 20th, 2024 • Luxurban Hotels Inc. • Real estate
This letter will confirm our understanding and agreement that, in consideration of the respective agreements of Greenle Alpha and Greenle Beta to exercise 50% of the Warrants originally issued on November 6, 2023 and amended by the terms hereof (the “November Warrants”) within three (3) business days of the date hereof and 50% on or prior to February 23, 2024, the Exercise Price of the November Warrants is hereby amended and reduced to $2.00 and the Exercise Price of all of the other Warrants is hereby amended and reduced to $2.50. Except as so amended, the Warrants shall remain unchanged. The Company covenants to keep its registration statement on Form S-3 (Registration No. 333-275647) current and effective until all shares of common stock of the Company issuable upon exercise of the November Warrants have been sold thereunder.
