EXHIBIT 10.14
SUBSCRIPTION AGREEMENT
WHEREAS, there has been organized under the laws of the State of Maryland
a real estate investment trust known as Mar Mar Realty Trust (the "Trust");
WHEREAS, the Trust is authorized to issue up to 100,000,000 Class A Common
Shares of Beneficial Interest, $1.00 par value ("Class A Common Shares").
NOW, THEREFORE, in consideration of the covenants contained herein, the
undersigned hereby subscribes for and agrees to purchase up to six thousand five
hundred fifty seven (6,557) Class A Common Shares of the Trust and agrees to
give as consideration therefor nine thousand three hundred forty dollars
($9,340.00).
The subscription hereunder shall be payable upon execution and the Shares
subscribed for hereunder shall be issued at the time payment is received
therefor.
Dated as of the 10th day of October, 1998.
By:
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Xxxxxxxx X. Xxxxx
Accepted as of
October 10, 1998
MAR MAR REALTY TRUST
By:
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Xxxxxxxx X. Xxxx
Vice President and Chief Financial Officer
