Material Agreement Form 8 K

Item 1.01 Entry into a Material Definitive Agreement

On October 7, 2024, Whitestone REIT, operating through its subsidiary Whitestone REIT Operating Partnership, L.P. (the "Borrower"), entered into the First Amendment to Third Amended and Restated Credit Agreement and Incremental Term Loan Joinder (the "Amendment") among the Borrower, certain subsidiaries of the Borrower, as guarantors signatory thereto, Bank of Montreal, as administrative agent for the lenders (in such capacity, the "Agent") and L/C Issuer and Associated Bank, National Association (the "Series One Incremental Term Loan Lender"), which amends that certain Third Amended and Restated Credit Agreement, dated as of September 16, 2022 (as amended by the Amendment, the "Credit Agreement") by and among the Agent, the other lenders party thereto from time to time and the Borrower.

The Amendment, among other things, establishes an additional series of term debt (the "Series One Incremental Term Loan") in the amount of $20 million and has a maturity date of January 31, 2028 consistent with the existing Term Loan (as defined in the Credit Agreement). The Series One Incremental Term Loan accrues interest (at the Borrower's option) at a Base Rate (as defined in the Credit Agreement) or Adjusted Term SOFR (as defined in the Credit Agreement) plus an applicable margin based upon the Borrower's then existing leverage and is subject to adjustment as set forth in the Credit Agreement. In addition, the Borrower entered into an interest rate swap to fix the interest rate on the Series One Incremental Term Loan at 3.665% plus bank credit spreads (that are currently 1.5%, through January 31, 2024), or an all-in rate of 5.165%.

The proceeds of the Series One Incremental Term Loan will be used to pay down a portion of the Borrower's outstanding Revolving Loan (as defined in the Credit Agreement) borrowings.

The foregoing description of the terms of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment which is filed as Exhibits 10.1, hereto and are incorporated herein by reference.