OPTION AGREEMENT BY AND BETWEEN a New York limited liability company, Owner, AND a Delaware limited liability company, as Optionee As of September 8, 2017 OPTION AGREEMENTHoldback Escrow Agreement • November 8th, 2017 • Trinity Place Holdings Inc. • Operators of nonresidential buildings • New York
THIS OPTION AGREEMENT (hereinafter sometimes referred to as the “Agreement”) is hereby made and entered into as of the 8th day of September, 2017 (the “Option Effective Date”) by and between 470 4th AVENUE INVESTORS LLC, a New York limited liability company, having an address at c/o Adam America Real Estate, 850 Third Avenue, Suite 13-D, New York, New York 10022 (hereinafter referred to as the “Owner” or “Grantor”), and 470 4TH AVENUE FEE OWNER, LLC, a Delaware limited liability company, having an address c/o Trinity Place Holdings Inc., 717 5th Avenue, Suite 1303, New York, New York 10022 (hereinafter referred to as the “Optionee”).
