REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • September 17th, 2007 • Origen Financial Inc • Real estate investment trusts • Michigan
THIS REGISTRATION RIGHTS AGREEMENT (the “Agreement”) is made and entered into as of September 11, 2007, by and between Origen Financial, Inc., a Delaware corporation (the “Company”), and the William M. Davidson Trust u/a/d 12/13/04, (the “Holder”).
ORIGEN FINANCIAL, INC. STOCK PURCHASE WARRANTOrigen Financial Inc • September 17th, 2007 • Real estate investment trusts • Michigan
THIS IS TO CERTIFY that the William M. Davidson Trust u/a/d 12/13/04 and its transferees, successors and assigns (the “Holder”), for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, is entitled to purchase from Origen Financial, Inc., a Delaware corporation (the “Company”), at the price of $6.16 per share, the closing consolidated bid price of the Company’s common stock, $0.01 par value per share (“Common Stock”) at 4:00 pm (EST) on the date hereof (the “Exercise Price”), at any time after the date hereof (the “Commencement Date”) and expiring on September 11, 2012 (the “Expiration Date”), Five Hundred Thousand (500,000) shares of Common Stock (as such number may be adjusted as provided herein, the “Warrant Shares”).
SENIOR SECURED LOAN AGREEMENTSenior Secured Loan Agreement • September 17th, 2007 • Origen Financial Inc • Real estate investment trusts • Michigan
THIS SENIOR SECURED LOAN AGREEMENT (“Loan Agreement”) dated as of September 11, 2007, sets forth the terms of a financing transaction by and between Origen Financial L.L.C., a Delaware limited liability company (“Borrower”), and the William M. Davidson Trust u/a/d December 13, 2004 (“Lender”), and certain agreements between the parties related thereto, all as set forth herein.
GUARANTYGuaranty • September 17th, 2007 • Origen Financial Inc • Real estate investment trusts • Michigan
THIS GUARANTY (“Guaranty”) is made on September 11, 2007, by Origen Servicing, Inc., a Delaware corporation, and Origen Financial, Inc., a Delaware corporation (“Guarantors”), in favor of William M. Davidson Trust u/a/d 12/13/04 (“Lender”), to induce Lender to make loans to Origen Financial L.L.C., a Delaware limited liability company (“Borrower”), pursuant to that certain Senior Secured Loan Agreement, of even date herewith, between Borrower and Lender (the “Loan Agreement”), and because Guarantors have determined that executing and delivering this Guaranty is in Guarantors’ interest and to Guarantors’ financial benefit.
SECURITY AGREEMENTSecurity Agreement • September 17th, 2007 • Origen Financial Inc • Real estate investment trusts • Michigan
THIS SECURITY AGREEMENT (“Agreement”) is made as of September 11, 2007, by Origen Financial L.L.C., a Delaware limited liability company (“Debtor”), whose principal place of business is located at 27777 Franklin Rd., Suite 1700, Southfield, Michigan 48034, Origen Servicing, Inc., a Delaware corporation (“Servicer”, and together with Debtor, each a “Pledgor” and together the “Pledgors”), whose principal place of business is located at 27777 Franklin Rd., Suite 1700, Southfield, Michigan 48034, and the William M. Davidson Trust u/a/d 12/13/04 (“Secured Party”), whose address is 2300 Harmon Road, Auburn Hills, Michigan 48326, Attention: Jonathan S. Aaron. Pledgors hereby agree with Secured Party as follows:
