0001144204-11-062501 Sample Contracts

EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • November 9th, 2011 • Presidential Realty Corp/De/ • Real estate investment trusts • New York

AGREEMENT made as of November 8, 2011, by and between PRESIDENTIAL REALTY CORPORATION, a Delaware corporation (the "Corporation"), and ALEXANDER LUDWIG ("Executive").

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INDEMNIFICATION AGREEMENT
Indemnification Agreement • November 9th, 2011 • Presidential Realty Corp/De/ • Real estate investment trusts • Delaware

This Indemnification Agreement (the “Agreement”) is effective as of November __, 2011 by and between Presidential Realty Corporation, a Delaware corporation (the “Company”), and [ ], a natural person (the “Indemnitee”).

THIRD AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AND CONSULTING AGREEMENT
Employment and Consulting Agreement • November 9th, 2011 • Presidential Realty Corp/De/ • Real estate investment trusts

THIS THIRD AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AND CONSULTING AGREEMENT (this “Third Amendment”) is made as of November 8, 2011 by and between STEVEN H. BARUCH, residing at [Address] (“Executive”), and PRESIDENTIAL REALTY CORPORATION, a Delaware corporation having offices at 180 South Broadway, White Plains, New York 10605 (the “Company”).

FOURTH AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AND CONSULTING AGREEMENT
Employment and Consulting Agreement • November 9th, 2011 • Presidential Realty Corp/De/ • Real estate investment trusts

THIS FOURTH AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AND CONSULTING AGREEMENT (this “Fourth Amendment”) is made as of the November 8, 2011 by and between JEFFREY F. JOSEPH, residing at 19 Stillman Lane, Pleasantville, New York 10570 (“Executive”), and PRESIDENTIAL REALTY CORPORATION, a Delaware corporation having offices at 180 South Broadway, White Plains, New York 10605 (the “Company”).

STOCK OPTION AGREEMENT
Stock Option Agreement • November 9th, 2011 • Presidential Realty Corp/De/ • Real estate investment trusts • Delaware

AGREEMENT made as of November 8, 2011 (the “Grant Date”), between Presidential Realty Corporation, a Delaware corporation (the “Corporation”), and Nickolas W. Jekogian, III (the “Grantee”).

PUT AGREEMENT
Put Agreement • November 9th, 2011 • Presidential Realty Corp/De/ • Real estate investment trusts • New York

Put Agreement, dated as of November __, 2011 (the “Agreement”), between NICKOLAS W. JEKOGIAN, III (“Jekogian”) and RICHARD ZORN (“Stockholder”).

CLASS A STOCK PURCHASE AGREEMENT
Class a Stock Purchase Agreement • November 9th, 2011 • Presidential Realty Corp/De/ • Real estate investment trusts • Delaware

STOCK PURCHASE AGREEMENT (this “Agreement”) dated as of November 8, 2011 by and between BBJ Family Irrevocable Trust (the “Class A Purchaser”) and PDL Partnership (the “Seller”), a New York general partnership of which Jeffrey F. Joseph, Steven Baruch and Thomas Viertel are the general partners.

PROPERTY MANAGEMENT AGREEMENT
Property Management Agreement • November 9th, 2011 • Presidential Realty Corp/De/ • Real estate investment trusts • New York

THIS AGREEMENT (this “Agreement”) is made as of the 8th day of November, 2011 by and between Presidential Realty Corporation (“Owner”) and Signature Community Management, LLC, having an address c/o 9 E. 40th Street, Suite 900, New York, NY 10016 (“Manager").

CLASS B STOCK PURCHASE AGREEMENT
Class B Stock Purchase Agreement • November 9th, 2011 • Presidential Realty Corp/De/ • Real estate investment trusts • Delaware

STOCK PURCHASE AGREEMENT (this “Agreement”) dated as of November 8, 2011 by and between the purchasers identified on Exhibit A hereto (individually, a “Class B Purchaser” and collectively, the “Class B Purchasers”) and Presidential Realty Corporation, a Delaware corporation (the “Company”).

ASSET MANAGEMENT AGREEMENT
Asset Management Agreement • November 9th, 2011 • Presidential Realty Corp/De/ • Real estate investment trusts • New York

This Asset Management Agreement (“Agreement”) dated as of November 8, 2011 (the “Effective Date”) by and between Signature Community Investment Group, LLC or any affiliate thereof (collectively, “Asset Manager”), and Presidential Realty Corporation (“Owner”).

EIGHTH MODIFICATION OF EMPLOYMENT AGREEMENT
Eighth Modification of Employment Agreement • November 9th, 2011 • Presidential Realty Corp/De/ • Real estate investment trusts

WHEREAS, the Company and Employee have entered into an Employment Contract dated as of January 1, 1989 (the “Employment Agreement”), which Employment Agreement was modified by a First Modification Agreement dated January 1, 1992, a Second Modification Agreement dated January 1, 1995, a Third Modification Agreement dated January 1, 1998, a Fourth Modification Agreement dated January 1, 2000, a Fifth Modification Agreement dated January 1, 2003, a Sixth Modification Agreement dated January 1, 2006, and a Seventh Modification Agreement dated January 1, 2009 (collectively, the “Employment Agreement”); and

STOCK OPTION AGREEMENT
Stock Option Agreement • November 9th, 2011 • Presidential Realty Corp/De/ • Real estate investment trusts • Delaware

AGREEMENT made as of November 8, 2011 (the “Grant Date”), between Presidential Realty Corporation, a Delaware corporation (the “Corporation”), and Alexander Ludwig (the “Grantee”).

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