REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • March 22nd, 2016 • Sun Communities Inc • Real estate investment trusts • Delaware
This Registration Rights Agreement (“Agreement”) is entered into as of ____________, 2016 by and between Sun Communities, Inc., a Maryland corporation (the “Company”), and Carefree Communities Intermediate Holdings LLC (the “Initial Holder”). The Company, the Initial Holder and each other Holder is sometimes referred to herein individually as a “Party” and together as the “Parties”. Certain capitalized terms used herein shall have the meanings given to them in Section 1.01 below.
SUN COMMUNITIES, INC. UNAUDITED PRO FORMA FINANCIAL INFORMATIONSun Communities Inc • March 22nd, 2016 • Real estate investment trusts
On March 22, 2016, Sun Communities, Inc. (the “Company”) and its primary operating subsidiary Sun Communities Operating Limited Partnership (the “Operating Partnership”) entered into a Stock Purchase Agreement (the “Stock Purchase Agreement”) with Carefree Communities Intermediate Holdings, L.L.C. (the “Seller”) with respect to the Operating Partnership’s acquisition from the Seller of all of the issued and outstanding shares of common stock of Carefree Communities Inc. (“Carefree Communities”). Carefree Communities directly or indirectly owns 103 manufactured home and recreational vehicle (“RV”) communities (collectively, the “Communities”), comprising 9,829 developed manufactured home sites, 17,725 RV sites and approximately 396 additional manufactured home sites and approximately 2,586 additional RV sites suitable for development. The Communities are concentrated in California, Florida and Ontario, Canada. Subject to a net working capital adjustment at the closing, the aggregate pur
STOCK PURCHASE AGREEMENT among Carefree Communities Intermediate Holdings, L.L.C. Sun Communities, Inc. and Sun Communities Operating Limited Partnership Dated as of March 22, 2016Stock Purchase Agreement • March 22nd, 2016 • Sun Communities Inc • Real estate investment trusts • Delaware
NON-COMPETITION AGREEMENTNon-Competition Agreement • March 22nd, 2016 • Sun Communities Inc • Real estate investment trusts • Delaware
This NON-COMPETITION AGREEMENT (the “Non-Competition Agreement”) is made as of March __, 2016 and shall become effective as of the closing (the "Closing Date") of the transactions contemplated by the Stock Purchase Agreement among Carefree Communities Intermediate Holdings LLC (“Parent”), Sun Communities, Inc. (“SUI”) and Sun Communities Operating Limited Partnership, of even date herewith (the “Stock Purchase Agreement”). This Non-Competition Agreement shall become null and void and have no effect, and any and all rights and obligations of the parties hereunder shall automatically terminate, if the closing of the transactions contemplated by the Stock Purchase Agreement shall fail to occur for any reason. As a condition of the Stock Purchase Agreement, I agree to the terms and conditions of this Non-Competition Agreement (the “Non-Competition Agreement”):
Sun Communities, Inc. Sun Communities Operating Limited Partnership 27777 Franklin Road, Suite 200 Southfield, Michigan 48034Sun Communities Inc • March 22nd, 2016 • Real estate investment trusts
This letter is being delivered to you in connection with the transactions contemplated by that certain Stock Purchase Agreement, dated ____________, 2016 (the “Purchase Agreement”), by and between Carefree Communities Intermediate Holdings LLC (“Carefree”) and Sun Communities Operating Limited Partnership (the “Partnership”).
