Document:

EX-10.2

 Exhibit 10.2 

MANAGEMENT PURCHASE AGREEMENT 

This MANAGEMENT PURCHASE AGREEMENT (this “Agreement”) is made and entered into as of November 12, 2013, by and among Trade
Street Residential, Inc., a Maryland corporation (the “Company”), and the undersigned Manager Purchasers (each a “Manager Purchaser” and together the “Manager Purchasers”). 

WHEREAS, the Company has proposed to commence an offering to each of the holders of record of its common stock, $0.01 par value (the
“Common Stock”), as of the close of business on the record date to be determined by the Company’s Board of Directors (the “Record Date”), of rights (the “Rights”) to subscribe for and purchase
additional shares of Common Stock (the “Rights Shares”) at a subscription price per share of $6.33 (the “Right Subscription Price”) for an aggregate offering amount of up to $100,000,000 such offering, the
“Rights Offering”); 
 WHEREAS, pursuant to the Rights Offering, the Company will distribute to each of its
stockholders of record, at no charge, one Right for each share of Common Stock held by the stockholder of record as of the Record Date, and each Right will entitle the holder thereof to purchase from the Company, at the election of such stockholder,
a number of shares of Common Stock equal to (A) 15,797,788 divided by (B) the number of shares of Common Stock outstanding on the Record Date (with fractional shares rounded down to the next whole number of shares) at the Rights Subscription Price;

 WHEREAS, in order to facilitate the Rights Offering, the Company has requested the investment entities managed or advised by
Senator Investment Group LP (the “Standby Purchasers”) to agree, and the Standby Purchasers have agreed, that subject to the terms and conditions of an agreement entered into between the Standby Purchasers and the Company (the
“Standby Purchase Agreement”), to the extent Rights Shares are not purchased by the Company’s stockholders pursuant to the exercise of Rights, the Standby Purchasers shall purchase such shares from the Company at the Rights
Subscription Price (the “Unsubscribed Shares”), subject to a maximum total commitment of $100,000,000 (the “Backstop Commitment”); 

WHEREAS, the Company desires to offer and the Standby Purchasers have agreed to purchase an additional $50,000,000 of shares of Common
Stock, on the terms and subject to the conditions set forth in the Standby Purchase Agreement (the “Additional Purchase Commitment”); 

WHEREAS, concurrently with the completion of the Rights Offering, and as consideration for the Standby Purchasers undertaking the
Backstop Commitment and the Additional Purchase Commitment, the Company desires to issue and sell to the Manager Purchasers, and the Manager Purchasers desire to purchase from the Company in a private placement, upon the terms and conditions set
forth in this Agreement, such number of shares of the Company’s unregistered Common Stock as provided in this Agreement (the “Shares”); 

WHEREAS, such purchase and sale of the Shares shall occur concurrently with, and be conditioned on, the closing of the Rights Offering;
and 
 WHEREAS, each of the Manager Purchasers is an executive officer of the Company and has a substantive, pre-existing
relationship with the Company; 
 NOW, THEREFORE, in consideration of the foregoing and the mutual covenants, agreements and
warranties herein contained, the parties to this Agreement hereby agree as follows; 

	1.	PURCHASE OF SHARES 

 Subject to the terms and conditions of this Agreement, the Company
agrees to issue and sell to the Manager Purchasers at the Closing, and each of the Manager Purchasers agrees to purchase at the Closing, that number of Shares equal to the product of (i) (A) 15,797,788 divided by (B) the number of shares of Common
Stock outstanding on the Record Date, times (ii) the number of shares of Common Stock owned by such Management Purchaser on the Record Date, each at the Rights Subscription Price (the “Purchase Price”). 

 

	2.	CLOSING 

  

	 	2.1	Closing 

 Upon the terms and subject to the satisfaction or waiver of all of the
conditions to closing set forth in this Agreement, the closing (the “Closing”) of the purchase and sale of the Shares shall take place at the offices of Morrison & Foerster LLP, 2000 Pennsylvania, N.W., Suite 6000,
Washington, DC 20006, or at such other location as the Company and the Manager Purchasers may mutually agree upon. The Closing shall take place concurrently with, and shall be subject to the closing of, the Rights Offering. 

 

	 	2.2	Closing Deliveries 

 (a) Deliveries by the Manager Purchasers. At the Closing,
the Manager Purchasers shall deliver to the Company the Purchase Price, by wire transfer of immediately available funds to the account designated in writing to the Manager Purchasers by the Company for such purpose. 

(b) Deliveries by the Company. At the Closing, the Company shall deliver to the Manager Purchasers stock certificates evidencing the
Shares (the “Share Certificate”) registered in the name of the Manager Purchasers. 
  

	3.	COMPANY REPRESENTATIONS AND WARRANTIES 

 The Company hereby represents and warrants to
the Manager Purchasers that: 
  

	 	3.1	Organization and Standing 

 The Company is a corporation duly organized, validly
existing and in good standing under the laws of the State of Maryland and has all requisite corporate power and authority to own, lease and operate its assets and properties, to carry on its business as presently conducted, to execute and deliver
this Agreement and to carry out the transactions contemplated hereby. 
  

	 	3.2	Authorization 

 The execution, delivery and performance of this Agreement by the
Company, the fulfillment of and compliance with the respective terms and provisions hereof, and the consummation of the transactions contemplated hereby have been duly and validly authorized by all necessary corporate action on the part of the
Company (none of which actions have been modified or rescinded, and all of which actions are in full force and effect). When executed by the Company, this Agreement will constitute a valid and legally binding obligation of the Company, enforceable
in accordance with its terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting creditors’ rights generally or by general equitable principles. 

	 	3.3	Title to Shares 

 The Shares have been duly authorized and, upon payment by the Manager
Purchasers of the Purchase Price and delivery by the Company to the Manager Purchasers of the Share Certificates pursuant to the terms hereof, the Shares will be validly issued and fully paid and nonassessable, and the Manager Purchasers will
acquire good and marketable title thereto, free and clear of all mortgages, liens, pledges, charges, claims, security interests and other encumbrances (other than any restrictions created by the Manager Purchasers or any restrictions created by
federal or state securities laws). 
  
  

	 	3.4	Non-Contravention 

 The issuance and sale by the Company of the Shares does not conflict
with the articles of restatement or bylaws of the Company. 
  
  

	 	3.5	Non-Solicitation 

 Each Manager Purchaser is an executive officer of the Company and has
a substantive, pre-existing relationship with the Company and (i) was not contacted by the Company or its representatives for the purpose of investing in any securities of the Company offered hereby through any advertisement, article, notice or
any other communication published in any newspaper, magazine or similar media or broadcast over television or radio, or any seminar or meeting whose attendees were invited by any general advertising, (ii) was not identified or contacted through
the marketing of the Rights Offering, (iii) did not independently contact the Company and (iv) the Shares were not offered or sold to the Manager Purchasers by any form of general solicitation or general advertising. 

 
  

	 	3.6	Offering; Exemption 

 Assuming the accuracy of the Manager Purchasers’
representations and warranties set forth in Section 4 of this Agreement, no registration under the Securities Act of 1933, as amended (the “Securities Act”), or any applicable state securities Law is required for the offer and
sale of the Shares by the Company to the Manager Purchasers as contemplated hereby. 
  
  

	4.	MANAGER PURCHASER REPRESENTATIONS AND WARRANTIES 

 The Manager Purchasers jointly and severally hereby
represent and warrant to the Company that: 
  
  

	 	4.1	Legal Capacity 

 Each Manager Purchaser has the full and unrestricted legal capacity to
execute and deliver this Agreement and to carry out the transactions contemplated hereby. 
  
  

	 	4.2	Authorization; Binding Obligation 

 When executed by each Manager Purchaser, this
Agreement will constitute a valid and binding obligation of such Manager Purchaser, enforceable in accordance with its terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to
or affecting creditors’ rights generally or by general equitable principles. 
  

	 	4.3	Non-Contravention 

 The purchase by each Manager Purchaser of the Shares does not
conflict with any material contract by which such Manager Purchaser or its property is bound or any laws or regulations or decree, ruling or judgment of any court applicable to the Manager Purchaser or the Manager Purchaser’s property. 

  

	 	4.4	Purchase Entirely for Own Account 

 The Shares to be received by each Manager Purchaser
will be acquired for investment for such Manager Purchaser’s own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and each Manager Purchaser has no present intention of selling, granting
any participation in, or otherwise distributing the same. Each Manager Purchaser does not have any contract, undertaking, agreement or arrangement with any person to sell, transfer or grant participations to such person or to any third person, with
respect to any of the Shares to be received by such Manager Purchaser. 
  
  

	 	4.5	Investment Experience and Access to Information 

 (a) Each Manager Purchaser can bear
the economic risk of the investment and has such knowledge and experience in financial or business matters that such Manager Purchaser is capable of evaluating the merits and risks of the investment in the Shares. 

(b) Each Manager Purchaser has been furnished all information the Manager Purchaser considers necessary or appropriate for deciding whether to
purchase the Shares. The Manager Purchaser has had adequate opportunity to ask questions of, and receive answers from, the officers, employees, agents, accountants and representatives of the Company regarding the business, operations, financial
condition, assets and liabilities of the Company and the terms and conditions of the offering of the Shares. 
  

 

	 	4.6	Restricted Shares 

 Each Manager Purchaser understands and acknowledges that the Shares
being acquired pursuant hereto are characterized as “restricted securities” under the federal securities laws inasmuch as they are being acquired from the Company in a transaction not involving a public offering and that under such laws
and applicable regulations such securities may not be resold without registration under the Securities Act, except in certain limited circumstances. The Manager Purchaser is familiar with Rule 144 promulgated under the Securities Act, as presently
in effect, and understands the resale limitations imposed thereby and by the Securities Act. 
  
  

	 	4.7	Legends 

 Each Manager Purchaser understands and acknowledges that the Shares, and any
securities issued in respect of or in exchange for the Shares, may bear one or all of the following legends (in addition to any other legend which may be required by other arrangements between the parties hereto): 

(a) “THIS SECURITY WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED, (THE “SECURITIES ACT”), AND THIS SECURITY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. THE HOLDER OF THIS SECURITY AGREES FOR THE BENEFIT OF THE
COMPANY THAT THIS SECURITY MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (I) IN A TRANSACTION NOT INVOLVING A PUBLIC OFFERING, (II) PURSUANT TO ANY OTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT,
INCLUDING RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE), (III) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR (IV) TO THE COMPANY OR ANY OF ITS SUBSIDIARIES, IN EACH OF CASES (I) THROUGH (IV) IN ACCORDANCE WITH
ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES, AND IN CASE (I) OR (II), ONLY IF THE COMPANY HAS RECEIVED AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO IT THAT SUCH TRANSACTION DOES NOT REQUIRE REGISTRATION UNDER THE
SECURITIES ACT AND SUCH OTHER APPLICABLE LAWS.” 
  

 (b) Any legend required by the securities laws of any state to the extent such laws are
applicable to the Shares represented by the certificate so legended. 
  
  

	 	4.8	Accredited Manager Purchaser 

 Each Manager Purchaser (i) has furnished true and
complete information on the Manager Purchaser certificate attached hereto as Exhibit A (the “Manager Purchaser Certificate”) and (ii) is an “accredited investor” as that term is defined in Rule 501(a) of
Regulation D promulgated under the Securities Act. Each Manager Purchaser is aware that the Company is relying upon the representations, warranties and agreements contained in this Agreement and the Manager Purchaser Certificate for the purpose of
determining whether this transaction meets the requirements of the exemption from the registration requirements of the Securities Act and any applicable state securities laws. 
  

 

	 	4.9	Non-Solicitation 

 Each Manager Purchaser is an executive officer of the Company and has
a substantive, pre-existing relationship with the Company and (i) was not contacted by the Company or its representatives for the purpose of investing in any securities of the Company offered hereby through any advertisement, article, notice or
any other communication published in any newspaper, magazine or similar media or broadcast over television or radio, or any seminar or meeting whose attendees were invited by any general advertising, (ii) was not identified or contacted through
the marketing of the Rights Offering, (iii) did not independently contact the Company and (iv) the Shares were not offered or sold to such Manager Purchaser by any form of general solicitation or general advertising. 

 
  
  

	5.	MISCELLANEOUS 

  
  

	 	5.1	Confidentiality 

 The Manager Purchasers agree that, except with the prior written
consent of the Company, the Manager Purchasers shall at all times hold in confidence and trust and not use or disclose any confidential information of the Company provided to or learned by the Manager Purchasers in connection with this Agreement.
Notwithstanding the foregoing, the Manager Purchasers may disclose any confidential information of the Company (i) as required by any court or other governmental body, provided that the Manager Purchasers provide the Company with prompt notice
of such court order or requirement to the Company to enable the Company to seek a protective order or otherwise to prevent or restrict such disclosure or (ii) discussing or using such confidential information if the same hereafter is in the
public domain (other than as a result of a breach of this Agreement). 
  

	 	5.2	Notices 

 (a) All notices, demands or requests provided for or permitted to be given
pursuant to this Agreement must be in writing, to the following addresses: 
  

If to the Company, to: 

Trade Street Residential, Inc. 

19950 West Country Club Drive, Suite 800 

Aventura, Florida 33180 

Attention: General Counsel 

Facsimile: (786) 248-3679 
  

with a copy (which shall not constitute notice) to: 

Morrison & Foerster LLP 

2000 Pennsylvania, NW, Suite 6000 

Washington, DC 20006-1888 

Attention: John A. Good 

Facsimile: (202) 785-7522 

 If to the Manager Purchasers, to: 

The address appearing on the signature page hereof. 
  

 

	 	5.3	Assignment; Successors and Assigns 

 This Agreement and the rights granted hereunder may
not be assigned by the Manager Purchasers without the prior written consent of the Company. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, personal representatives, successors and
permitted assigns as provided in this Agreement. 
  
  

	 	5.4	Third Party Beneficiaries 

 Nothing in this Agreement, express or implied, is intended
to confer upon any person, other than the parties hereto or their respective successors and permitted assigns, any rights, remedies, obligations or liabilities under or by any reason of this Agreement, except as expressly provided in this Agreement
and provided that the Standby Purchasers shall be a third party beneficiary of this Agreement. 
  
  

	 	5.5	Entire Agreement 

 This Agreement contains the entire agreement and understanding among
the parties hereto with respect to the subject matter of this Agreement, and supersedes all prior and contemporaneous agreements, understandings, inducements and conditions, express or implied, oral or written, of any nature whatsoever with respect
to the subject matter of this Agreement. The express terms of this Agreement control and supersede any course of performance and/or usage of the trade inconsistent with any of the terms of this Agreement. 

 

	 	5.6	Amendments 

 This Agreement may be amended or modified only by an agreement in writing
signed by both parties hereto. 
  
  

	 	5.7	No Implied Waivers; Remedies 

 No failure or delay on the part of any party in
exercising any right, privilege, power, or remedy under this Agreement, and no course of dealing shall operate as a waiver of any such right, privilege, power or remedy; nor shall any single or partial exercise of any right, privilege, power or
remedy under this Agreement preclude any other or further exercise of any such right, privilege, power or remedy or the exercise of any other right, privilege, power or remedy. No waiver shall be asserted against any party unless signed in writing
by such party. The rights, privileges, powers and remedies available to the parties are cumulative and not exclusive of any other rights, privileges, powers or remedies provided by statute, at law, in equity or otherwise. Except as provided in this
Agreement, no notice to or demand on any party in any case shall entitle such party to any other or further notice or demand in any similar or other circumstances or constitute a waiver of the right of the party giving such notice or making such
demand to take any other or further action in any circumstances without notice or demand. 
  
  

	 	5.8	Governing Law 

 THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE
LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE CHOICE OF LAW RULES THEREOF. EACH OF THE PARTIES HEREBY IRREVOCABLY AGREES THAT THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK SHALL HAVE EXCLUSIVE JURISDICTION IN
CONNECTION WITH ANY ACTIONS OR PROCEEDINGS ARISING BETWEEN THE PARTIES UNDER THIS AGREEMENT. EACH OF THE PARTIES HEREBY IRREVOCABLY CONSENTS AND SUBMITS TO THE JURISDICTION OF SAID COURT FOR ANY SUCH ACTION OR PROCEEDING. EACH OF THE PARTIES HEREBY
WAIVES THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF ANY SUCH ACTION OR PROCEEDING IN SAID COURT. 

  

	 	5.9	Waiver of Trial by Jury 

 EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY
WAIVES THE RIGHT TO A TRIAL BY JURY IN ANY ACTION, SUIT, COUNTERCLAIM OR OTHER PROCEEDING (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF, CONNECTED WITH OR RELATING TO THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREBY, OR THE
ACTIONS OF ANY HOLDER IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT HEREOF. 
  
  

	 	5.10	Headings 

 The headings contained in this Agreement are for convenience only and shall
not affect the construction or interpretation of any provisions of this Agreement. 
  
  

	 	5.11	Severability 

 If any provision of the Agreement shall be held to be invalid, the
remainder of the Agreement shall not be affected thereby. 
  

	 	5.12	Counterparts 

 This Agreement may be executed in any number of counterparts, each of
which shall be deemed to be an original as against any party whose signature appears thereon, and all of which shall together constitute one and the same instrument. This Agreement shall become binding when one or more counterparts of this
Agreement, individually or taken together, shall bear the signatures of all of the parties reflected hereon as the signatories. 

Signatures on following page 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written
above. 
  

			
	 COMPANY:
  

TRADE STREET RESIDENTIAL, INC.

		
	By:	 	/s/ Michael Baumann
	Name:	 	Michael Baumann
	Title:	 	 Chairman and Chief Executive Officer

	  
 MANAGER PURCHASER:

	
	/s/ Michael Baumann
	Name:	 	Michael Baumann
	Title:	 	 Chairman and Chief Executive Officer

	  
 MANAGER PURCHASER:

	
	/s/ David Levin
	Name:	 	David Levin
	Title:	 	 Vice-Chairman and President
  

 Exhibit A 

MANAGER PURCHASER CERTIFICATE 
  

							
	
ADDITIONAL INFORMATION TO BE COMPLETED BY MANAGER PURCHASER:

(Please print or type)

	     Name of Manager Purchaser:
	  		  	 	  	 
	 			 
	     Purchase Price:
	  		  	 	  	 
	 			 
	     Manager Purchaser’s Residence/Business
Address:
	  		  	 	  	 
	 			 
	 	  		  	 	  	 
	 			 
	 	  	 Telephone:        
	  	 	  	 
	 			 
	 	  	Facsimile:        	  	 	  	 
	 			 
	     Manager Purchaser’s Mailing Address (if
different):
	  		  	 	  	 
	 			 
	 	  		  	 	  	 
	 			 
	 	  	 Telephone:        
	  	 	  	 
	 			 
	 	  	Facsimile:        	  	 	  	 
	 			 
	     Manager Purchaser’s Taxpayer ID/Social Security
Number:EX-10.3

 Exhibit 10.3 

VOTING AGREEMENT 
 VOTING
AGREEMENT (this “Agreement”), dated as of November 12, 2013, by and among the investment entities managed or advised by Senator Investment Group LP, a Delaware limited partnership, as set forth on the signature pages hereto
(each, a “Backstop Investor” and collectively, the “Backstop Investors”), and Michael Baumann (the “Shareholder”). Each of the Backstop Investors and the Shareholder is referred to as a
“party” and collectively as the “parties.” Capitalized terms used but not defined in this Agreement have the meanings ascribed to them in the Purchase Agreement (defined below). 

RECITALS 
 A. As of the
date hereof, the Shareholder is the record and beneficial owner of such number of shares of common stock (the “Common Stock”), par value $0.01, of Trade Street Residential, Inc. (the “Company”), as set forth
opposite its name on Schedule I hereto (“Company Shares”, and together with any other Company Shares owned or acquired (including, after the date hereof) by the Shareholder, being collectively referred to herein as the
“Shareholder Shares”). 
 B. The Company intends to launch a rights offering (the “Rights Offering”)
pursuant to which the Company is distributing at no charge to the holders of Common Stock transferable subscription rights to purchase shares of Common Stock at a specified cash subscription price per whole share. 

C. In connection with the Rights Offering, the Company intends to enter into a standby purchase agreement (the “Standby Purchase
Agreement”) with the Backstop Investors, pursuant to which the Backstop Investors have committed to purchase from the Company, subject to the terms and conditions of the Standby Purchase Agreement, at the Rights Offering subscription price,
all of the unsubscribed shares of Common Stock in the Rights Offering (minus the aggregate dollar value of the Management Purchase Commitment (as defined below)) such that the gross proceeds to the Company from the sale of shares of Common Stock in
the Rights Offering will be $100.0 million. This commitment by the Backstop Investors is referred to as the “Backstop Commitment.” 

D. In addition, the Backstop Investors have agreed to purchase $50.0 million of Common Stock in addition to shares of Common Stock purchased
pursuant to the Backstop Commitment, which is referred to as the “Additional Commitment.” 
 E. In connection with the
Backstop Commitment and pursuant to the Standby Purchase Agreement, the Company has agreed to enter into a stockholders’ agreement with the Backstop Investors (the “Stockholders Agreement”), pursuant to which the Backstop
Investors will be granted, among other rights, certain board designation rights, negative control rights and a right to seek liquidity with respect to the shares of Common Stock it owns. 

F. The proposed adoption of the Backstop Commitment, the Additional Commitment and the Stockholders Agreement by the shareholders of the
Company are collectively referred to as the “Proposals.” 

 G. As a condition to the Backstop Commitment and the Additional Commitment, the Company’s
Chairman and Chief Executive Officer, Michael Baumann, and Vice-Chairman and President, David Levin, have agreed to purchase shares of Common Stock that are subject to their basic subscription right at the subscription price of the Rights Offering
for an aggregate commitment based on the number of Common Stock that each individual owns as of the record date (the “Management Purchase Commitment” and together with the Standby Purchase Agreement, the Stockholders Agreement or
any other agreement, document, certificate or other instrument delivered in connection with the transactions contemplated hereby and thereby, the “Transaction Documents”), pursuant to a purchase agreement to be concurrently executed
with this Agreement. 
 H. As a condition to their willingness to enter into the Standby Purchase Agreement, the Backstop Investors have
required that the Shareholder enter into this Agreement. 
 I. The Backstop Investors have asked for the Shareholder to vote in favor of, or
consent to, the Proposals and the other transactions contemplated by the Standby Purchase Agreement and to enter into this Agreement, and the Shareholder has agreed, subject to the terms hereof, to vote in favor of, or give its consent to, the
Proposals and is willing to enter into this Agreement. 
 AGREEMENT 

In consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties, intending to be legally bound, agree as follows: 
 1. Agreements of the Shareholder. 

(a) Voting. From the date hereof until any termination of this Agreement in accordance with its terms, at any annual, special or other
meeting of the shareholders of the Company, however called (or any action by written consent in lieu of a meeting) or any adjournment thereof, the Shareholder shall vote all of its Shareholder Shares (or cause them to be voted), in person or by
proxy, or, as applicable, execute written consents in respect thereof, (i) in favor of the Proposals and the other transactions contemplated by the Transaction Documents, (ii) against any action or agreement (including, without limitation,
any amendment of any agreement) that would result in a breach of any representation, warranty, covenant, agreement or other obligation of the Company in any of the Transaction Documents, or of the Shareholder contained in this Agreement,
(iii) unless the Standby Purchase Agreement is previously terminated in accordance with its terms, against any Acquisition Transaction and against any other action, agreement or transaction that is intended, or could reasonably be expected to
impede, interfere with, delay, postpone, discourage, frustrate the purposes of or adversely affect the Rights Offering, the Proposals or the other transactions contemplated by the Transaction Documents or this Agreement or the performance by the
Company of its obligations under the Transaction Documents or by the Shareholder of its obligations under this Agreement, and (iv) in favor of any adjournment or postponement of the annual, special or other meeting of the shareholders
recommended by the Board of Directors of the Company if there are not sufficient votes for adoption of the 

  
 2 

 
Proposals on the date on which such meeting is initially held or scheduled, as applicable. Any such vote shall be cast, or consent shall be given, as applicable, by the Shareholder in accordance
with such procedures relating thereto so as to ensure that it is duly counted, including for purposes of determining that a quorum is present and for purposes of recording the results of such vote or consent. 

(b) Restriction on Transfer; Proxies; Non-Interference; etc. From the date hereof until any termination of this Agreement in accordance
with its terms, the Shareholder shall not directly or indirectly (i) offer, sell, transfer, tender, give, hypothecate, pledge, encumber, assign or otherwise dispose of, or enter into any contract, option or other arrangement or understanding
with respect to the offer, sale, transfer, tender, gift, hypothecation, pledge, encumbrance, assignment or other disposition of, or grant a proxy or power of attorney with respect to, or create or permit to exist any security interest, lien, claim,
pledge, option, right of first refusal, agreement, limitation on such Shareholder’s voting rights, charge or other encumbrance of any nature whatsoever (“Encumbrance”) with respect to any of its Shareholder Shares (or any
right, title or interest thereto or therein), (ii) deposit any of its Shareholder Shares into a voting trust or grant any proxies or enter into a voting agreement, power of attorney or voting trust with respect to any of its Shareholder Shares,
(iii) take any action that would make any representation or warranty of the Shareholder set forth in this Agreement untrue or incorrect or have the effect of preventing, disabling or delaying the Shareholder from performing any of its
obligations under this Agreement or (iv) agree (whether or not in writing) to take any of the actions referred to in the foregoing clauses (i), (ii) or (iii) of this Section 1(b). Notwithstanding the foregoing, the
Shareholder may make transfers of its Shareholder Shares by will, gift, operation of Laws, for estate planning purposes, to an affiliate of the Shareholder or to another shareholder of the Company, in each case, in which the transferee (other than
another Shareholder, for whom such transferred Company Shares shall constitute additional Shareholder Shares of the Shareholder to whom such Company Shares were transferred) agrees to be bound by all terms of this Agreement pursuant to a written
agreement in a form reasonably satisfactory to the Backstop Investors that the transferee shall be bound by, and the Shareholder Shares so transferred, assigned or sold shall remain subject to this Agreement. 

(c) Information for Proxy Statement; Publication. The Shareholder hereby authorizes the Company to publish and disclose, in the
registration statement related to the Rights Offering, the proxy statement related to the Proposals and any other filing with the SEC or other governmental authority in connection with the Rights Offering or the Proposals, or the transactions
contemplated by the Transaction Documents, the Shareholder’s identity and ownership of Shareholder Shares and the nature of the Shareholder’s commitments, arrangements and understandings under this Agreement. The Shareholder represents and
warrants to each Backstop Investor that none of the information relating to the Shareholder and his, her or its affiliates provided in writing by or on behalf of the Shareholder or his, her or its affiliates specifically for inclusion in any such
filing will, at the time that such filing is first made or distributed, contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary in order to make the statements therein, in light
of the circumstances under which they were made, not misleading. The Shareholder shall not issue any press release or make any other public statement with respect to this Agreement, the Rights Offering, the Proposals or the other transactions
contemplated by the 

  
 3 

 
Transaction Documents, without the prior written consent of the Backstop Investors and the Company, except as may be required by applicable Law (including as may be required for the Shareholder
to comply with its obligations under the Exchange Act) and in case any such requirement under applicable Law arises, after giving the Backstop Investors and the Company reasonable opportunity to comment on any such press release or statement and
including all reasonably requested comments of the Backstop Investors and the Company, provided that the ultimate discretion whether or not to include any such comments shall remain with the Shareholder and provided that the Shareholder shall not
disclose the identity of the Backstop Investors. 
 (d) Proxy. The Shareholder hereby irrevocably appoints as its proxy and
attorney-in-fact, the Company or its designee to vote or execute written consents with respect to the Shareholder Shares in accordance with Section 1(a) and, in the discretion of the Company or its designee, with respect to any proposed
postponements or adjournments of any annual or special meetings of the stockholders of the Company at which any of the matters described in Section 1(a) is to be considered. This proxy is coupled with an interest, was given to secure the
obligations of the Shareholder under Section 1(a), was given as an additional inducement for the Backstop Investors to enter into the Transaction Documents and shall be irrevocable, and the Shareholder shall take such further action or
execute such other instruments as may be necessary to effectuate the intent of this proxy and hereby revokes any proxy previously granted by the Shareholder with respect to the Shareholder Shares. The power of attorney granted by the Shareholder
herein is a durable power of attorney and shall survive the dissolution, bankruptcy, death or incapacity of the Shareholder. The Company may terminate this proxy with respect to the Shareholder at any time at its sole election by written notice
provided to the Shareholder. 
 2. Representations and Warranties of the Shareholder. The Shareholder hereby represents and warrants
to each Backstop Investor as follows: 
 (a) Authority. The Shareholder has all necessary legal capacity, power and authority to
execute and deliver this Agreement and to perform the Shareholder’s obligations under this Agreement. This Agreement has been duly executed and delivered by the Shareholder and, assuming due and valid authorization, execution and delivery
hereof by the Backstop Investors, constitutes a valid and binding obligation of the Shareholder, enforceable against the Shareholder in accordance with its terms, subject to (i) laws of general application relating to bankruptcy, insolvency and
the relief of debtors, and (ii) rules of law governing specific performance, injunctive relief and other equitable remedies. 
 (b)
Consents and Approvals; No Violations. Other than filings under the Exchange Act, no notices, reports or other filings are required to be made by the Shareholder with, nor are any consents, registrations, approvals, permits or authorizations
required to be obtained by the Shareholder from, any governmental authority or any other Person or entity, in connection with the execution and delivery of this Agreement by the Shareholder. The execution, delivery and performance of this Agreement
by the Shareholder does not, and the consummation by the Shareholder of the transactions contemplated hereby will not (i) conflict with or violate any federal, state or local law, statute, ordinance, rule, regulation, order, judgment or decree
applicable to such Shareholder or by which the Company Shares are bound or affected or (ii) result in a violation or breach of, or constitute (with or without due 

  
 4 

 
notice or lapse of time or both) a default (or give rise to any right of termination, cancellation, modification or acceleration) (whether after the giving of a notice or the passage of time of
both) under any contract to which the Shareholder is a party or which is binding on the Shareholder or the Shareholder’s assets or properties and will not result in the creation of any lien or any encumbrance on any of the assets or properties
of the Shareholder, including, without limitation, on the Company Shares. 
 (c) Ownership of Shares. The Shareholder owns,
beneficially and of record, all of its Company Shares, and is entitled to vote, without restriction, on all matters brought before holders of capital stock of the Company. The Shareholder owns all of its Company Shares free and clear of any proxy,
voting restriction, adverse claim, security interest, pledge, option, right of first refusal, agreement, limitation on such Shareholder’s voting rights, lien, charge or other encumbrance of any nature whatsoever (other than proxies and
restrictions in favor of the Company pursuant to this Agreement and transfer restrictions under the applicable securities Laws). Without limiting the foregoing, except for proxies and restrictions in favor of the Company pursuant to this Agreement
and transfer restrictions under applicable securities Laws, the Shareholder has sole voting power and sole power of disposition with respect to all of its Company Shares, with no restrictions on the Shareholder’s rights of voting or disposition
pertaining thereto and no Person other than the Shareholder has any right to direct or approve the voting or disposition of any of its Company Shares. As of the date hereof, the Shareholder does not own, beneficially or of record, any voting
securities of the Company other than the Company Shares which constitute its Shareholder Shares. 
 (d) Brokers. No broker,
investment banker, financial advisor or other Person is entitled to any broker’s, finder’s, financial advisor’s or other similar fee or commission that is payable by the Company or any of its subsidiaries in connection with the Rights
Offering, the Proposals or the other transactions contemplated by the Transaction Documents based upon arrangements made by or on behalf of the Shareholder. 

3. Company Cooperation. The Company hereby covenants and agrees that it will not, and the Shareholder irrevocably and unconditionally
acknowledges and agrees that the Company will not (and waives any rights against the Company in relation thereto), recognize any Encumbrance or agreement on any of the Shareholder Shares subject to this Agreement unless the provisions of
Section 1(b) have been complied with. 
 4. Termination. This Agreement shall terminate on the first to occur of (a) in
respect of the Shareholder, the mutual written agreement of the Backstop Investors and the Shareholder, (b) the termination of the Standby Purchase Agreement in accordance with its terms or (c) the time the Company obtains the required
approval of its shareholders of the Proposals and the Transaction Documents and all of the transactions contemplated hereby and thereby. Notwithstanding the foregoing, (x) nothing herein shall relieve any party from liability for any breach of
this Agreement, and (y) the provisions of this Section 4 and Section 5 of the Agreement shall survive any termination of this Agreement. 

  
 5 

 5. Miscellaneous. 

(a) Expenses. Except as otherwise expressly provided in this Agreement, all costs and expenses incurred in connection with the
transactions contemplated by this Agreement shall be paid by the party incurring such costs and expenses. 
 (b) Additional Shares.
Until any termination of this Agreement in accordance with its terms, the Shareholder shall promptly notify the Company and the Backstop Investors of the number of Company Shares, if any, as to which the Shareholder acquires record or beneficial
ownership after the date hereof. Any Company Shares as to which a Shareholder acquires record or beneficial ownership after the date hereof and prior to termination of this Agreement shall be Shareholder Shares of the Shareholder for purposes of
this Agreement. Without limiting the foregoing, in the event of any share split, share dividend or other change in the capital structure of the Company affecting the Company Shares, the number of Company Shares constituting Shareholder Shares shall
be adjusted appropriately and this Agreement and the obligations hereunder shall attach to any additional shares of Company Shares or other voting securities of the Company issued to the Shareholder in connection therewith. 

(c) Definition of “Beneficial Ownership”. For purposes of this Agreement, “beneficial ownership” with respect to
(or to “own beneficially”) any securities shall mean having “beneficial ownership” of such securities (as determined pursuant to Rule 13d-3 under the Exchange Act), including pursuant to any agreement, arrangement or
understanding, whether or not in writing. 
 (d) Further Assurances. From time to time, at the reasonable request of the Backstop
Investors and without further consideration, the Shareholder shall execute and deliver such additional documents and take all such further action as may be reasonably required to consummate and make effective, in the most expeditious manner
practicable, the transactions contemplated by this Agreement. 
 (e) Entire Agreement; No Third Party Beneficiaries. This Agreement
constitutes the entire agreement, and supersedes all prior agreements and understandings, both written and oral, among the parties, or any of them, with respect to the subject matter hereof. This Agreement is not intended to and shall not confer
upon any Person other than the parties any rights hereunder. 
 (f) Assignment; Binding Effect. Neither this Agreement nor any of the
rights, interests or obligations hereunder shall be assigned by any of the parties (whether by operation of law or otherwise) without the prior written consent of the other parties, except that the Backstop Investors may assign its rights and
interests hereunder to any of its subsidiaries or to any entity that will acquire any or all of any of the Backstop Investors’ assets by merger, stock purchase, asset purchase or otherwise. Subject to the preceding sentence, this Agreement
shall be binding upon and shall inure to the benefit of the parties and their respective successors and permitted assigns. Any purported assignment not permitted under this Section 5(f) shall be null and void. 

  
 6 

 (g) Amendments; Waiver. This Agreement may not be amended or supplemented, except by a
written agreement executed by the parties. Any party may (A) waive any inaccuracies in the representations and warranties of any other party or extend the time for the performance of any of the obligations or acts of any other party or
(B) waive compliance by the other party with any of the agreements contained herein. Notwithstanding the foregoing, no failure or delay by any party hereto in exercising any right hereunder shall operate as a waiver thereof nor shall any single
or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right hereunder. Any agreement on the part of a party to any such extension or waiver shall be valid only if set forth in an instrument in
writing signed on behalf of such party. 
 (h) Severability. If any term or other provision of this Agreement is determined by a
court of competent jurisdiction to be invalid, illegal or incapable of being enforced by any rule of law or public policy, all other terms, provisions and conditions of this Agreement shall nevertheless remain in full force and effect. Upon such
determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible to
the fullest extent permitted by applicable Law in an acceptable manner to the end that the transactions contemplated hereby are fulfilled to the extent possible. 

(i) No Ownership Interest. Nothing contained in this Agreement shall be deemed to vest in any Backstop Investor any direct or indirect
ownership or incidence of ownership of or with respect to any Shareholder Shares. All rights, ownership and economic benefits of and relating to the Shareholder Shares shall remain vested in and belong to the applicable Shareholder, and the Backstop
Investors shall have any authority to exercise any power or authority to direct Shareholder in the voting of any of the Shareholder Shares, except as otherwise specifically provided herein, or in the performance of a Shareholder’s duties or
responsibilities as a shareholder of the Company. 
 (j) Capacity as Shareholder. The Shareholder has entered into this agreement
solely in its capacity as the owner of the Shareholder Shares. Notwithstanding anything to the contrary herein, nothing herein shall limit or affect any actions taken by the Shareholder or any other person in their capacity as an officer or director
of the Company, and no action taken in such capacity shall constitute a breach of this Agreement by the Shareholder. 
 (k)
Counterparts. This Agreement may be executed in two or more separate counterparts, each of which shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. This Agreement shall become
effective when each party shall have received counterparts hereof signed by the other parties. 
 (l) Descriptive Headings. Headings
of Sections and subsections of this Agreement are for convenience of the parties only, and shall be given no substantive or interpretive effect whatsoever. Except as otherwise indicated, all references in this Agreement to “Sections,” and
“Schedules” are intended to refer to Sections of this Agreement and Schedules to this Agreement. 

  
 7 

 (m) Notices. All notices, requests and other communications to any party hereunder shall
be in writing (including facsimile transmission) and shall be given, 
 if to the Company, to: 

Trade Street Residential, Inc. 

19950 West Country Club Drive, Suite 800 

Aventura, Florida 33180 

Attention: Chief Executive Officer 

Facsimile:  (786) 248-3679; 

with copy to (which shall not constitute notice): 

Morrison & Foerster LLP 

2000 Pennsylvania, NW, Suite 6000 

Washington, DC 20006-1888 

Attention: John A. Good 

Facsimile:  (202) 785-7522; 

if to a Backstop Investor, to: 

Senator Investment Group LP 

510 Madison Ave. 
 New York, New
York 10022 
 Attention: Evan Gartenlaub, General Counsel 

with copy to (which shall not constitute notice): 

Schulte Roth & Zabel LLP 

919 Third Avenue 
 New York, New
York 10022 
 Attention: Eleazer N. Klein 

Facsimile:  (212) 593-5955; 

if to the Shareholder, as stated in Schedule I hereto 

or such other address or facsimile number as such party may hereafter specify for the purpose by notice to the other parties. All such notices, requests and
other communications shall be deemed received on the date of receipt by the recipient thereof if received prior to 5:00 P.M. in the place of receipt and such day is a business day in the place of receipt. Otherwise, any such notice, request or
communication shall be deemed not to have been received until the next succeeding business day in the place of receipt. 
 (n)
Drafting. The parties have participated jointly in the negotiation and drafting of this Agreement and, in the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as jointly drafted by the
parties and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision of this Agreement. 

  
 8 

 (o) Governing Law; Enforcement; Jurisdiction. 

(i) THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 

(ii) The parties hereto agree that any suit, action or proceeding seeking to enforce any provision of, or based on any matter arising out of
or in connection with, this Agreement or the transactions contemplated hereby may only be brought in the United States District Court for the Southern District of New York, and each of the parties hereby consents to the jurisdiction of such courts
(and of the appropriate appellate courts therefrom) in any such suit, action or proceeding and irrevocably waives, to the fullest extent permitted by Law, any objection which it may now or hereafter have to the laying of the venue of any such suit,
action or proceeding in any such court or that any such suit, action or proceeding which is brought in any such court has been brought in an inconvenient forum. Process in any such suit, action or proceeding may be served on any party anywhere in
the world, whether within or without the jurisdiction of any such court. 
 (iii) EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY
AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

(iv) The parties agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in
accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties shall be entitled, without derogating from the applicable court’s general discretion to decline granting equitable relief, to an
injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement in the United States District Court for the Southern District of New York, this being in addition to any other
remedy to which they are entitled at law or in equity. 
 [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

  
 9 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed as of the date
first above written. 
  

			
	SENATOR GLOBAL OPPORTUNITY FUND LP
		
	By:	 	 /s/ Evan Gartenlaub

	Name:	 	Evan Gartenlaub
	Title:	 	General Counsel
	
	SENATOR GLOBAL OPPORTUNITY INTERMEDIATE FUND L.P.
		
	By:	 	 /s/ Evan Gartenlaub

	Name:	 	Evan Gartenlaub
	Title:	 	General Counsel
	
	TRADE STREET RESIDENTIAL, INC.
		
	By:	 	 /s/ Michael Baumann

	Name:	 	Michael Baumann
	Title:	 	Chairman and Chief Executive Officer
	
	MICHAEL BAUMANN
		
		 	 /s/ Michael Baumann

 Schedule I 
  

					
	 Name of Shareholder
	 	 Number of

Outstanding

Company Shares
	 	 Address

	 Michael Baumann
	 	140,539	 	 c/o Trade Street Residential, Inc.

19950 West Country Club Drive, Suite 800
 Aventura, Florida
33180

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