TAX PROTECTION AGREEMENTTax Protection Agreement • August 2nd, 2017 • Urban Edge Properties LP • Real estate • New York
This Tax Protection Agreement (this “Agreement”) is entered into as of May 24, 2017, by and among Urban Edge Properties LP, a Delaware limited partnership (the “Partnership”); Urban Edge Properties, a Maryland real estate investment trust (the “REIT”); Acklinis Yonkers Realty, L.L.C., a New York limited liability company; Acklinis Realty Holding, LLC, a New York limited liability company; Acklinis Original Building, L.L.C., a New York limited liability company; Ackrik Associates, L.P., a New York limited partnership; A & R Woodbridge Shopping Center, L.L.C., a Delaware limited liability company; A & R Millburn Associates, L.P., a New Jersey limited partnership; and A & R Manchester, LLC, a Missouri limited liability company (each of the foregoing seven entities, a “Contributor”); 211 West 61st Street Associates, L.P., a Delaware limited partnership; Acklinis Associates, L.P., a New York limited partnership; A & R Woodbridge Associates II, L.P., a New Jersey limited partnership; each In
CONTRIBUTION AGREEMENT betweenContribution Agreement • August 2nd, 2017 • Urban Edge Properties LP • Real estate • Delaware
Borrower Lender Original Principal Amount of Loan Current Balance (as of 4/2/17) Secured Property Acklinis Yonkers Realty, L.L.C. CCRE $37,000,000 $33,279,073.73 Yonkers Gateway Center A & R Woodbridge Shopping Center, L.L.C. TD Bank $36,000,000 $29,704,180.61 The Plaza at Woodbridge TD Bank (“B” Note) $8,600,000 $7,948,894.76 The Plaza at Woodbridge TD Bank (“C” Note) $6,400,000 $6,400,000.00 The Plaza at Woodbridge Ackrik Associates, L.P. TD Bank $18,000,000 $ 14,886,273.40 The Plaza at Cherry Hill Acklinis Associates, L.P. $2,975,000 $ 2,975,000 Unsecured A & R Millburn Associates, L.P. TD Bank $19,000,000 $ 16,482,900.81 Millburn Gateway Center A & R Manchester, LLC A & R Woodbridge Shopping Center, L.L.C. $15,000,000 $15,000,000 Unsecured A & R Woodbridge Shopping Center, L.L.C. 1,780,000 1,780,000 Unsecured A & R Woodbridge Shopping Center, L.L.C. 616,291.59 616,291.59 Unsecured A & R Westfield Lincoln Plaza, LLC TD Bank $3,000,000 $2,299,736.80 One Lincoln Plaza N/A N/A
