FIRST AMENDMENT TO LIMITED Liability Company AgreementLimited Liability Company Agreement • April 3rd, 2017 • First Capital Real Estate Trust Inc • Real estate investment trusts
THIS FIRST AMENDMENT TO LIMITED LIABILITY COMPANY AGREEMENT (this “Amendment”) dated as of March 31, 2017, is entered into among TOWNSHIP NINE OWNER, LLC, a Delaware limited liability company, (the “Company”), FIRST CAPITAL REAL ESTATE OPERATING PARTNERSHIP, L.P., a Delaware limited partnership with an address at 60 Broad Street, New York, NY 10004 (hereinafter “FCRE OP Member”), and T-9 DEVELOPERS, LLC, a Delaware limited liability company (hereinafter “T-9 Developer Member”). Except as otherwise herein expressly provided, each initially capitalized term used herein has the meaning assigned to such term in the Limited Liability Company Agreement (as defined below), as amended by this Amendment.
FIRST CAPITAL TAKES ANOTHER STEP TOWARDS COMPLETING ITS STRATEGIC TRANSACTION WITH PRESIDENTIAL REALTYInterest Contribution Agreement • April 3rd, 2017 • First Capital Real Estate Trust Inc • Real estate investment trusts
NEW YORK (March 31, 2017) – First Capital Real Estate Trust Incorporated (“First Capital”), a public non-traded real estate investment trust (“REIT”) incorporated in Maryland, today announced it has entered into a second amendment to the previously announced Interest Contribution Agreement dated December 16, 2016, as amended, with Presidential Realty Corporation (OTC: PDNLA/PDNLB) (“Presidential”), a REIT incorporated in Delaware.
LIMITED LIABILITY COMPANY AGREEMENT As Of February 5, 2016 TOWNSHIP NINE OWNER, LLC LIMITED LIABILITY COMPANY AGREEMENTLimited Liability Company Agreement • April 3rd, 2017 • First Capital Real Estate Trust Inc • Real estate investment trusts • Delaware
THIS LIMITED LIABILITY COMPANY AGREEMENT (this “Agreement”), dated as of February 5, 2016, is made by and among TOWNSHIP NINE OWNER, LLC, a Delaware limited liability company (the “Company”), FIRST CAPITAL REAL ESTATE OPERATING PARTNERSHIP, L.P., a Delaware limited partnership with an address at 60 Broad Street, New York, NY 10004 (hereinafter “FCRE OP Member”), and T-9 DEVELOPERS, LLC, a Delaware limited liability company (hereinafter “T-9 Developer Member”). FCRE OP Member and T-9 Developer Member are sometimes also referred to individually as a “Member” or collectively as the “Members” and each other Person who after the date hereof becomes a Member of the Company and becomes a party to this Agreement.
