EXECUTION VERSION AMENDMENT NO. 1 TO THE THE HOWARD HUGHES CORPORATION WARRANT PURCHASE AGREEMENT
Exhibit 10.24
EXECUTION VERSION
AMENDMENT NO. 1
TO THE
THE HOWARD HUGHES CORPORATION
WARRANT PURCHASE AGREEMENT
THE HOWARD HUGHES CORPORATION, a Delaware corporation (the “Corporation”), and David R. Weinreb (“Purchaser”) hereby enter into this amendment (this “Amendment”) to amend the Warrant Purchase Agreement between the Corporation and Purchaser, dated as of November 22, 2010 (the “Agreement”), as set forth herein. This Amendment will be effective as of August 23, 2011 (the “Effective Date”). Except as specifically amended hereby, the Agreement will remain unchanged, and as amended herein, will continue in full force and effect.
| 1. | The first sentence of Section 6 of the Agreement is hereby amended and restated as follows: |
“This Warrant may be assigned in whole or in part during your lifetime as a gift to one or more members of your Immediate Family or to a trust in which you and/or one or more such family members hold more than 50% of the beneficial interest.”
IN WITNESS WHEREOF, the Corporation has caused this Amendment to be executed by its duly authorized officer as of the Effective Date.
| THE HOWARD HUGHES CORPORATION | ||
| By: | /s/ Gary Krow | |
| Gary Krow, | ||
| Chairman of the Compensation Committee | ||
| ACKNOWLEDGED AND AGREED: |
| /s/ David R. Weinreb |
| David R. Weinreb |
