Stock Option AgreementStock Option Agreement • March 20th, 2018 • BBX Capital Corp • Real estate • Florida
THIS STOCK OPTION AGREEMENT (this “Agreement”) is entered into, effective as of this 2nd day of November 2013, by and among Alan B. Levan, a natural person (“ABL”), I.R.E. Properties, Inc., a Florida Corporation (“I.R.E. Properties”), Florida Partners Corporation, a Florida corporation (“Florida Partners”), Levan Enterprises, Ltd., a Florida limited partnership (“Levan Enterprises”), Levan BFC Stock Partners LP, a Delaware limited partnership (“Levan BFC Stock Partners” and, collectively with ABL, I.R.E. Properties, Florida Partners and Levan Enterprises, the “Grantors”), and Jarett S. Levan, a natural person (the “Grantee”). References to ABL in this Agreement, including those encompassed within the term Grantors, in each case which relate to any period following ABL’s death shall be deemed to refer to ABL’s estate.
