Exchange AgreementExchange Agreement • May 22nd, 2024 • Luxurban Hotels Inc. • Real estate • New York
This Exchange Agreement (this “Agreement”), dated as of May 17, 2024, is made by and between LuxUrban Hotels Inc. (the “Company”), and THA Holdings LLC (the “Holder”).
Reservation Termination (May 17, 2024)Reservation Termination • May 22nd, 2024 • Luxurban Hotels Inc. • Real estate
Reference is made to the letter agreement (“April 2024 Agreement”), dated April 12, 2024, between LuxUrban Hotels Inc. and each of Greenle Partners LLC Series Alpha P.S (“Greenle Alpha”) and Greenle Partners LLC Series Beta P.S. (“Greenle Beta” and together with Greenle Alpha, “Greenle”) and the Modification thereto, dated as of May 10, 2024 (the “May 2024 Modification” and, together with the April 2024 Agreement, the “Waiver”). Any capitalized terms not defined herein shall have the meanings ascribed to them in the April 2024 Agreement or the May 2024 Modification, as applicable.
THIS WARRANT WILL BE VOID IF NOT EXERCISED PRIOR TO THE EXPIRATION DATE (DEFINED BELOW) LUXURBAN HOTELS INC. WARRANTWarrant Agreement • May 22nd, 2024 • Luxurban Hotels Inc. • Real estate • New York
THIS WARRANT CERTIFIES THAT, for value received THA Holdings LLC, is the registered holder (the “Holder”) of a warrant or warrants (the “Warrant(s)”) and is entitled to purchase up to seven million, five hundred thousand (7,500,000) fully paid and non-assessable shares of common stock, par value $0.00001 per share (“Shares”), of LUXURBAN HOTELS INC., a Delaware corporation (the “Company”) at a purchase price per Share (the “Exercise Price”) of $0.01 per share (as adjusted from time to time in accordance with this Warrant). This Warrant is issued pursuant to that certain exchange agreement, dated as of May 17, 2024 (“Issuance Date”), between the Company and the Holder (the “Exchange Agreement”) and is entered into prior to the underwritten public offering of common stock by the Company pursuant to the underwriting agreement between the Company and Roth Capital Partners, LLC (as underwriter) (such agreement the “Underwriting Agreement”, such offering the “Offering”). The Warrant represen
