LOAN AGREEMENT Dated as of May 31, 2019 Between 250 LIVINGSTON OWNER LLC, as Borrower and CITI REAL ESTATE FUNDING INC., as LenderLoan Agreement • August 1st, 2019 • Clipper Realty Inc. • Real estate investment trusts • New York
THIS LOAN AGREEMENT, dated as of May 31, 2019 (as amended, restated, replaced, supplemented or otherwise modified from time to time, this “Agreement”), between CITI REAL ESTATE FUNDING INC., having an address at 388 Greenwich Street, 6th Floor, New York, New York 10013 (together with its successors and permitted assigns, “Lender”) and 250 LIVINGSTON OWNER LLC, a Delaware limited liability company having its principal place of business at 4611 12th Avenue, Suite 1L, Brooklyn, New York 11219 (together with its successors and/or assigns, “Borrower”).
Clipper Realty Inc. Shares of Common Stock FORM OF UNDERWRITING AGREEMENTUnderwriting Agreement • January 31st, 2017 • Clipper Realty Inc. • Real estate investment trusts • New York
LIMITED PARTNERSHIP AGREEMENT OF CLIPPER REALTY L.P. Dated as of: August 3, 2015Limited Partnership Agreement • January 31st, 2017 • Clipper Realty Inc. • Real estate investment trusts • Delaware
THIS LIMITED PARTNERSHIP AGREEMENT OF Clipper Realty L.P. (this “Agreement”), dated as of August 3, 2015, is entered into by and among Clipper Realty Inc., a Maryland corporation (the “General Partner”), as the general partner of the Partnership, and the General Partner on behalf of and as attorney-in-fact for each of the persons identified on Exhibit A hereof as a Limited Partner in the Partnership, together with any other Persons who become Partners in the Partnership as provided herein.
SECOND AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF RENAISSANCE EQUITY HOLDINGS LLC August 3, 2015Limited Liability Company Agreement • December 23rd, 2015 • Clipper Realty Inc. • Real estate investment trusts • New York
THIS SECOND AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT (this “Agreement”) of Renaissance Equity Holdings LLC, a New York limited liability company (the “Company”), is made and entered into as of the 3rd day of August, 2015 (the “Effective Date”), by and among those persons listed on Schedule A, as it may be amended from time to time, as members of the Company (each a “Member” and collectively, the “Members”) and any other Persons who become Members after Effective Date.
LOAN AGREEMENT Dated as of February 21, 2018 Between and DEUTSCHE BANK AG, NEW YORK BRANCH, as LenderLoan Agreement • February 27th, 2018 • Clipper Realty Inc. • Real estate investment trusts • New York
INVESTMENT AGREEMENTInvestment Agreement • December 23rd, 2015 • Clipper Realty Inc. • Real estate investment trusts • New York
This Investment Agreement (this “Agreement”), dated as of August 3, 2015, is made by and among Clipper Realty Inc. (the “Company”), Clipper Realty L.P. (the “Operating Partnership”), Gunki Holdings LLC (the “LLC Subsidiary”) and the Continuing Investors listed on Schedule A (the “Continuing Investors”).
LOAN INDEMNIFICATION AGREEMENTLoan Indemnification Agreement • December 23rd, 2015 • Clipper Realty Inc. • Real estate investment trusts • New York
This LOAN INDEMNIFICATION AGREEMENT (this “Agreement”) is made as of August 3, 2015, by Clipper Realty Inc., a Maryland corporation (“Clipper REIT”) and Clipper Realty L.P., a Delaware limited partnership, (“Clipper OP” and, together with Clipper REIT, the “Clipper Parties” or the “Indemnitor”), in favor of the Guarantor (as defined below).
LOAN AGREEMENT Dated as of November 10, 2016 By and Among 50 MURRAY STREET ACQUISITION LLC, as Borrower And DEUTSCHE BANK AG, NEW YORK BRANCH, and any other lending institutions which may from time to time become a party hereto as Lenders, And...Loan Agreement • January 31st, 2017 • Clipper Realty Inc. • Real estate investment trusts • New York
THIS LOAN AGREEMENT, dated as of November 10, 2016 (as amended, restated, replaced, supplemented or otherwise modified from time to time, this “Agreement”), by and among DEUTSCHE BANK AG, NEW YORK BRANCH, a branch of Deutsche Bank AG, a German Bank, authorized by the New York Department of Financial Services, having an address at 60 Wall Street, 10th Floor, New York, New York 10005 (collectively, together with its successors and permitted assigns hereunder, including any Assignee (as defined herein) hereunder and such other co-lenders as may exist from time to time, each a “Lender” and collectively, the “Lenders”), DEUTSCHE BANK AG, NEW YORK BRANCH, a branch of Deutsche Bank AG, a German Bank, authorized by the New York Department of Financial Services (“DB”), having an address at 60 Wall Street, New York, New York 10005, as administrative agent (including any of its successors and assigns, “Agent”) for itself and the other Lenders party hereto from time to time, and 50 MURRAY STREET A
ACQUISITION LOAN NOTEClipper Realty Inc. • August 15th, 2023 • Real estate investment trusts • New York
FOR VALUE RECEIVED, the undersigned, DEAN OWNER LLC, a Delaware limited liability company, having an office at 4611 Twelfth Avenue, Suite 1L, Brooklyn, New York 11219 (the “Borrower”), promises to pay to VALLEY NATIONAL BANK (the “Lender”), at the offices of Valley National Bank, as administrative agent (the “Administrative Agent”) at 1 Pennsylvania Plaza, 46th Floor, New York, New York 10119 or at such other place as the holder hereof may from time to time appoint in writing, the Principal Amount as hereinafter provided, together with interest thereon as provided herein. Defined terms used in this Acquisition Loan Note (the “Note”) shall have the meanings ascribed thereto in Section 12 hereof or if not defined in Section 12 hereof, in the Credit Loan Agreement.
REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • December 23rd, 2015 • Clipper Realty Inc. • Real estate investment trusts • New York
This Agreement is made pursuant to the Purchase/Placement Agreement (the “Purchase/Placement Agreement”), dated as of July 27, 2015, between the Company and FBR in connection with the purchase and sale or placement of an aggregate of 10,667,667 shares of Common Stock. In order to induce FBR to enter into the Purchase/Placement Agreement, the Company has agreed to provide the registration rights provided for in this Agreement to FBR, the Participants, and their respective direct and subsequent transferees. The execution of this Agreement is a condition to the closing of the transactions contemplated by the Purchase/Placement Agreement.
LEASE BETWEEN THE CITY OF NEW YORK DEPARTMENT OF CITYWIDE ADMINISTRATIVE SERVICES 1 CENTRE STREET, 20TH FLOOR NORTH NEW YORK, NEW YORK 10007 BERKSHIRE EQUITY LLC 4611 12th AVENUE BROOKLYN, NEW YORK 11219Lease Between • October 7th, 2016 • Clipper Realty Inc. • Real estate investment trusts • New York
AGREEMENT OF LEASE made the 17th day of December 2015, by and between BERKSHIRE EQUITY LLC, whose address is 4611 12th Avenue, Brooklyn, New York 11219, hereinafter designated as Landlord, and THE CITY OF NEW YORK, a municipal corporation, acting through the Department of Citywide Administrative Services (“DCAS”), with an address at 1 Centre Street, 20th Floor North, New York, New York 10007, hereinafter designated as Tenant.
CONSENT AGREEMENT (GSMS 2013-GCJ12; Loan No. 300460008)Consent Agreement • October 7th, 2016 • Clipper Realty Inc. • Real estate investment trusts • Delaware
THIS CONSENT AGREEMENT (the “Agreement”) is executed as of December 7, 2015 (the “Effective Date”), by and among DEUTSCHE BANK TRUST COMPANY AMERICAS, AS TRUSTEE ON BEHALF OF THE REGISTERED HOLDERS OF GS MORTGAGE SECURITIES CORPORATION II, COMMERCIAL MORTGAGE PASS THROUGH CERTIFICATES, SERIES 2013-GCJ12 (“Lender”), having an address at c/o Wells Fargo Bank, National Association, Commercial Mortgage Servicing, MAC D 1086, 550 Tryon Street, 14th Floor, Charlotte, North Carolina 28202, Re: GSMS 2013-GCJ12; Loan No. 300460008 and 250 LIVINGSTON OWNER LLC, a Delaware limited liability company (“Borrower”), having an address at c/o Clipper Realty L.P., 4611 12th Avenue, Suite 1L, Brooklyn, New York, New York 11219. All capitalized terms used herein but not defined herein shall have the meaning ascribed to such terms in the Loan Agreement (as hereinafter defined), as modified by the terms of this Agreement.
SERVICES AGREEMENTServices Agreement • December 23rd, 2015 • Clipper Realty Inc. • Real estate investment trusts • New York
This SERVICES AGREEMENT (this “Agreement”) is made and entered into as of August 3, 2015, by and between Clipper Equity LLC, a New York limited liability company (“Equity”) and CLIPPER REALTY L.P., a Delaware limited partnership (the “Service Provider”).
LOAN INDEMNIFICATION AGREEMENT Flatbush GardensLoan Indemnification Agreement • December 23rd, 2015 • Clipper Realty Inc. • Real estate investment trusts • New York
This LOAN INDEMNIFICATION AGREEMENT (this “Agreement”) is made as of August 3, 2015, by Clipper Realty Inc., a Maryland corporation (“Clipper REIT”) and Clipper Realty L.P., a Delaware limited partnership, (“Clipper OP” and, together with Clipper REIT, the “Clipper Parties” or the “Indemnitor”), in favor of the Guarantor (as defined below).
JOINDER, REAFFIRMATION AND RATIFICATION OF FIRST MEZZANINE GUARANTY OF RECOURSE OBLIGATIONS AND FIRST MEZZANINE ENVIRONMENTAL INDEMNITY AGREEMENTIndemnity Agreement • December 23rd, 2015 • Clipper Realty Inc. • Real estate investment trusts • New York
This JOINDER, REAFFIRMATION AND RATIFICATION OF FIRST MEZZANINE GUARANTY OF RECOURSE OBLIGATIONS AND FIRST MEZZANINE ENVIRONMENTAL INDEMNITY AGREEMENT (this “Agreement”) is entered into as of August 3, 2015 by DAVID BISTRICER, an individual, having an address at c/o Clipper Equity LLC, 46-11 12th Avenue, Suite 1L, Brooklyn, New York 11219 (“Bistricer”) and TRAPEZE INC., a Delaware corporation, having an address at 810 Seventh Avenue, 28th Floor, New York, New York 10019 (“Trapeze”; each of the foregoing, a “Guarantor”, and collectively, “Guarantors”) and CLIPPER REALTY L.P., a Delaware limited partnership, having an address at 46-11 12th Avenue, Suite 1L, Brooklyn, New York 11219 (“Additional Guarantor”), for the benefit of 50 MURRAY MEZZ FUNDING LLC, a Delaware limited liability company, having an address at 420 Lexington Avenue, 19th Floor, New York, New York 10170, in its capacity as administrative agent (together with its successors and/or assigns, “Agent”), for itself and on behal
SERVICES AGREEMENTServices Agreement • December 23rd, 2015 • Clipper Realty Inc. • Real estate investment trusts • New York
This SERVICES AGREEMENT (this “Agreement”) is made and entered into as of August 3, 2015, by and between CLIPPER REALTY L.P., a Delaware limited partnership (“Realty”), and Clipper Equity LLC, a New York limited liability company (the “Service Provider”).
FIRST AMENDMENT TO LOAN AGREEMENT, GUARANTY, ENVIRONMENTAL INDEMNITY AND OTHER LOAN DOCUMENTSLoan Agreement • December 23rd, 2015 • Clipper Realty Inc. • Real estate investment trusts
THIS FIRST AMENDMENT TO LOAN AGREEMENT, GUARANTY, ENVIRONMENTAL INDEMNITY AND OTHER LOAN DOCUMENTS (this “Agreement”) is made as of the 3rd day of August, 2015, by and among 141 LIVINGSTON OWNER LLC, a Delaware limited liability company, having its principal place of business at 4611 12th Avenue, Suite 1L, Brooklyn, New York 11219 (together with its successors and/or assigns, “Borrower”), CITIBANK, N.A., having an address at 390 Greenwich Street, 7th Floor, New York, New York 10013 (together with its successors and/or assigns, “Lender”), CLIPPER REALTY L.P., a Delaware limited partnership, having an address at 4611 12th Avenue, Apartment 1L, Brooklyn, New York 11219 (“Clipper”), DAVID BISTRICER, an individual, having a principal residence at 4611 12th Avenue, Apartment 1L, Brooklyn, New York 11219 (“Bistricer”) and SAM LEVINSON, an individual, having a principal residence at 810 Seventh Avenue – 28 Floor, New York, New York 10119 (“Levinson”; and individually and/or collectively with B
TAX PROTECTION AGREEMENTTax Protection Agreement • December 23rd, 2015 • Clipper Realty Inc. • Real estate investment trusts • New York
THIS TAX PROTECTION AGREEMENT (“Agreement”), dated as of August 3, 2015, is made by and among Clipper Realty Inc., a Maryland corporation (the “REIT”), Clipper Realty L.P., a Delaware limited partnership (the “Partnership”), Renaissance Equity Holdings LLC, a Delaware limited liability company (“Renaissance”), Berkshire Equity LLC, a Delaware limited liability company (“Berkshire”), Gunki Holdings LLC, a Delaware limited liability company (“Gunki”), 50/53 JV LLC, a Delaware limited liability company (“50/53 JV”, and together with Renaissance, Berkshire and Gunki, the “Companies”) and the members of the Companies listed on Schedules A-D hereto (the “Continuing Investors”).
FIRST MEZZANINE LOAN AGREEMENT Dated as of November 9, 2016 By and Among 50 MURRAY MEZZ LLC, as Borrower And 50 MURRAY MEZZ FUNDING LLC, and any other lending institutions which may from time to time become a party hereto as Lenders, And 50 MURRAY...First Mezzanine Loan Agreement • January 31st, 2017 • Clipper Realty Inc. • Real estate investment trusts • New York
THIS FIRST MEZZANINE LOAN AGREEMENT, dated as of November 9, 2016 (as amended, restated, replaced, supplemented or otherwise modified from time to time, this “Agreement”), by and among 50 MURRAY MEZZ FUNDING LLC, a Delaware limited liability company, having an address at c/o SL Green Realty Corp., 420 Lexington Avenue, 19th Floor, New York, New York 10170 (collectively, together with its successors and permitted assigns hereunder, including any Assignee (as defined herein) hereunder and such other co-lenders as may exist from time to time, each a “Lender” and collectively, the “Lenders”), 50 MURRAY MEZZ FUNDING LLC, a Delaware limited liability company, having an address at c/o SL Green Realty Corp., 420 Lexington Avenue, 19th Floor, New York, New York 10170, as administrative agent (including any of its successors and assigns, “Agent”) for itself and the other Lenders party hereto from time to time, and 50 MURRAY MEZZ LLC, a Delaware limited liability company, having an address at c/o
LOAN INDEMNIFICATION AGREEMENT Tribeca MezzanineLoan Indemnification Agreement • December 23rd, 2015 • Clipper Realty Inc. • Real estate investment trusts • New York
This LOAN INDEMNIFICATION AGREEMENT (this “Agreement”) is made as of August 3, 2015, by Clipper Realty Inc., a Maryland corporation (“Clipper REIT”) and Clipper Realty L.P., a Delaware limited partnership, (“Clipper OP” and, together with Clipper REIT, the “Clipper Parties” or the “Indemnitor”), in favor of the Guarantor (as defined below).
AMENDMENT NO. 1 TO REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • October 7th, 2016 • Clipper Realty Inc. • Real estate investment trusts • New York
THIS amendment no. 1 TO REGISTRATION RIGHTS agreement (this “Amendment”), dated as of July 7, 2016, is entered into by Clipper Realty Inc., a Maryland corporation (together with any successor entity thereto, the “Company”), and FBR Capital Markets & Co., a Delaware corporation (“FBR”) for the benefit of FBR, the purchasers (the “Participants”) of the Company’s common stock, $0.01 par value per share (the “Common Stock”), in the private offering by the Company of shares of Common Stock on August 3, 2015, and the direct and subsequent transferees of such shares of Common Stock of FBR and each of the Participants.
CLIPPER REALTY INC. 2015 NON-EMPLOYEE DIRECTOR PLAN RESTRICTED LTIP UNIT AGREEMENT FOR DIRECTORSRestricted Ltip Unit Agreement • December 23rd, 2015 • Clipper Realty Inc. • Real estate investment trusts • Delaware
This RESTRICTED LTIP UNIT AGREEMENT (this “Agreement” or “Restricted LTIP Unit Agreement”) is made as of the Grant Date set forth on Schedule A hereto between Clipper Realty Inc., a Maryland corporation (the “Company”), its subsidiary Clipper Realty L.P., a Delaware limited partnership (the “Partnership”), and the non-employee director of the Company listed on Schedule A (the “Director”).
LOAN INDEMNIFICATION AGREEMENT TribecaLoan Indemnification Agreement • December 23rd, 2015 • Clipper Realty Inc. • Real estate investment trusts • New York
This LOAN INDEMNIFICATION AGREEMENT (this “Agreement”) is made as of August 3, 2015, by Clipper Realty Inc., a Maryland corporation (“Clipper REIT”) and Clipper Realty L.P., a Delaware limited partnership, (“Clipper OP” and, together with Clipper REIT, the “Clipper Parties” or the “Indemnitor”), in favor of the Guarantor (as defined below).
INVESTMENT AGREEMENTInvestment Agreement • December 23rd, 2015 • Clipper Realty Inc. • Real estate investment trusts • New York
This Investment Agreement (this “Agreement”), dated as of August 3, 2015, is made by and among Clipper Realty Inc. (the “Company”), Clipper Realty L.P. (the “Operating Partnership”), 50/53 JV LLC (the “LLC Subsidiary”) and the Continuing Investors listed on Schedule A (the “Continuing Investors”).
CREDIT AGREEMENTCredit Agreement • August 15th, 2023 • Clipper Realty Inc. • Real estate investment trusts
CREDIT AGREEMENT (this “Agreement”) dated as of August 10, 2023, by and among DEAN OWNER LLC, a Delaware limited liability company, having an office at 4611 Twelfth Avenue, Suite 1L, Brooklyn, New York 11219 (“Borrower”), the lenders party hereto (together with their respective assigns, the “Lenders”, each a “Lender”) and VALLEY NATIONAL BANK, as administrative agent for the benefit of itself as a Lender and other Lenders (in such capacity, the “Administrative Agent”), having an office at 1 Pennsylvania Plaza, 46th Floor, New York, New York 10119.
PERSONAL GUARANTYPersonal Guaranty • January 31st, 2017 • Clipper Realty Inc. • Real estate investment trusts
This GUARANTY dated as of the 11th day of May, 2016 (this "Guaranty") made by Clipper Realty Inc., a Maryland corporation, with a principal place of business at 4611 12th Avenue, Suite 1L, Brooklyn, New York 11219 (“Guarantor”), to and in favor of New York Community Bank, a New York banking corporation, with a place of business at NYCB Plaza, 102 Duffy Avenue - 3rd Floor, Hicksville, New York 11801 ("Lender").
INDEMNIFICATION AGREEMENTIndemnification Agreement • December 23rd, 2015 • Clipper Realty Inc. • Real estate investment trusts • New York
THIS INDEMNIFICATION AGREEMENT (this “Agreement”) is made as of the 3rd day of August, 2015 by and between David Bistricer and Trapeze Inc. (each an “Indemnifying Party” and, collectively, the “Indemnifying Parties”), on the one hand, and Clipper Realty Inc., Clipper Realty L.P., and Berkshire Equity LLC and each of their respective direct and indirect subsidiaries (each an “Indemnified Party” and, collectively, the “Indemnified Parties”), on the other hand.
LEASE RENEWAL AND AMENDMENT AGREEMENTLease Renewal and Amendment Agreement • January 31st, 2017 • Clipper Realty Inc. • Real estate investment trusts • New York
LEASE RENEWAL AGREEMENT (the “Agreement”) made as of this 15th day of December, 2016, by and between 250 LIVINGSTON OWNER, LLC, successor-in-interest to NPMM Realty, Inc., having an office at 4611 12th Avenue, Brooklyn, New York 11219 (hereinafter designated as "Landlord"), and THE CITY OF NEW YORK, a municipal corporation acting through the Department of Citywide Administrative Services, with an address at 1 Centre Street, 20th Floor North, New York, New York 10007.
AMENDMENT NO. 3 TO REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • February 7th, 2017 • Clipper Realty Inc. • Real estate investment trusts • New York
THIS amendment no. 3 TO REGISTRATION RIGHTS agreement (this “Amendment”), dated as of February 2, 2017, is entered into by Clipper Realty Inc., a Maryland corporation (together with any successor entity thereto, the “Company”), and FBR Capital Markets & Co., a Delaware corporation (“FBR”) for the benefit of FBR, the purchasers (the “Participants”) of the Company’s common stock, $0.01 par value per share (the “Common Stock”), in the private offering by the Company of shares of Common Stock on August 3, 2015, and the direct and subsequent transferees of such shares of Common Stock of FBR and each of the Participants.
MEZZANINE LOAN AGREEMENT Dated as of August 10, 2023 by and among BADF 953 DEAN STREET LENDER LLC, as Administrative Agent c/o Aviv Arava Management LLC New York, New York 10003 (“Administrative Agent”), the lenders party hereto (the “Lenders”), and...Mezzanine Loan Agreement • August 15th, 2023 • Clipper Realty Inc. • Real estate investment trusts
MEZZANINE LOAN AGREEMENT (the “Agreement”), dated as of the 10th day of August, 2023 by and among BADF 953 DEAN STREET LENDER LLC, as Administrative Agent for the Lenders hereinafter defined, having an office c/o Aviv Arava Management LLC, 123 5th Avenue, 4th Floor, New York, New York 10003 (together with its successors and assigns, “Administrative Agent”), the lenders party hereto (together with their respective assigns, the “Lenders”; each a “Lender”), and DEAN MEMBER LLC, a Delaware limited liability company, having an office at 4611 12th Avenue, Suite 1L, Brooklyn, New York 11219 (“Borrower”).
Consolidation, Modification and Extension Agreement, Assignment of Leases and Rents and Security AgreementConsolidation, Modification and Extension Agreement • January 31st, 2017 • Clipper Realty Inc. • Real estate investment trusts
THIS CONSOLIDATION, MODIFICATION AND EXTENSION AGREEMENT, ASSIGNMENT OF LEASES AND RENTS AND SECURITY AGREEMENT (herein “Agreement”) is made as of the 11th day of May, 2016, between 141 Livingston Owner LLC, a limited liability company, organized and existing under the laws of Delaware, with a principal place of business at 4611 12th Avenue, Suite 1L, Brooklyn, New York 11219 (herein “Borrower”) and New York Community Bank, a New York banking corporation, with a place of business at NYCB Plaza, 102 Duffy Avenue - 3rd Floor, Hicksville, New York 11801 (herein “Lender”).
CLIPPER REALTY INC. 2015 OMNIBUS INCENTIVE COMPENSATION PLANRestricted Ltip Unit Agreement • December 23rd, 2015 • Clipper Realty Inc. • Real estate investment trusts • Delaware
This RESTRICTED LTIP UNIT AGREEMENT (this “Agreement” or “Restricted LTIP Unit Agreement”) is made as of the Grant Date set forth on Schedule A hereto between Clipper Realty Inc., a Maryland corporation (the “Company”), its subsidiary Clipper Realty L.P., a Delaware limited partnership (the “Partnership”), and the employee of the Company or one of its affiliates listed on Schedule A (the “Employee”).
REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • December 23rd, 2015 • Clipper Realty Inc. • Real estate investment trusts • New York
This Registration Rights Agreement (this “Agreement”), is made and entered into as of August 3, 2015, by and among Clipper Realty Inc., a Maryland corporation (the “Company”), and each of the Holders (as defined below) from time to time party hereto.
FIRST MEZZANINE LOAN AGREEMENT Dated as of February 21, 2018 Between and DEUTSCHE BANK AG, NEW YORK BRANCH, as LenderFirst Mezzanine Loan Agreement • February 27th, 2018 • Clipper Realty Inc. • Real estate investment trusts • New York
HOUSING REPAIR AND MAINTENANCE LETTER AGREEMENTHousing Repair and Maintenance Letter Agreement • August 3rd, 2023 • Clipper Realty Inc. • Real estate investment trusts
Renaissance Equity Holdings LLC A (“A Owner”), Renaissance Equity Holdings LLC B (“B Owner”), Renaissance Equity Holdings LLC C (“C Owner”), Renaissance Equity Holdings LLC D (“D Owner”), Renaissance Equity Holdings LLC E (“E Owner”), Renaissance Equity Holdings LLC F (“F Owner”), Renaissance Equity Holdings G (“G Owner”, and together with A Owner, B Owner, C Owner, D Owner, E, Owner and F Owner, “Beneficial Owner”), and Flatbush Gardens Housing Development Fund Corporation (“Legal Owner” and, together with Beneficial Owner, “Owner”) deliver this letter agreement in connection with that certain Affordable Housing Regulatory Agreement (“Regulatory Agreement”), dated as of the date hereof, between the Owner and the City of New York, acting by and through its Department of Housing Preservation and Development (“HPD”), encumbering the Property described above. Capitalized terms not otherwise defined in this letter shall have the meanings ascribed to such terms in the Regulatory Agreement.
