EMPLOYMENT AGREEMENTEmployment Agreement • June 13th, 2006 • Rait Investment Trust • Real estate investment trusts • New York
EMPLOYMENT AGREEMENT dated as of June 8, 2006, by and between RAIT Investment Trust, with its principal place of business at 1818 Market Street, 28th Floor, Philadelphia, PA 19103 (the “Company”) and Daniel G. Cohen, residing at the address set forth on the signature page hereof (the “Executive”).
June 8, 2006Rait Investment Trust • June 13th, 2006 • Real estate investment trusts
As you know, RAIT Investment Trust (the “Company”) and a subsidiary of the Company are entering into an agreement and plan of merger (the “Merger Agreement”) with Taberna Realty Finance Trust (“Taberna”) (“the Merger Agreement”), pursuant to which Taberna will become a wholly-owned subsidiary of the Company as of the closing of the transaction contemplated by the Merger Agreement (the “Merger”). This letter is being entered into contemporaneously, and in connection, with the execution of the Merger Agreement, and in acknowledgement that you will benefit from the Merger and for other good and valuable consideration the receipt of which is hereby acknowledged. You, the Company and Taberna hereby agree as follows:
June 8, 2006Rait Investment Trust • June 13th, 2006 • Real estate investment trusts
As you know, RAIT Investment Trust (the “Company”) and a subsidiary of the Company are entering into an agreement and plan of merger (the “Merger Agreement”) with Taberna Realty Finance Trust (“Taberna”) (“the Merger Agreement”), pursuant to which Taberna will become a wholly-owned subsidiary of the Company as of the closing of the transaction contemplated by the Merger Agreement (the “Merger”). This letter is being entered into contemporaneously, and in connection, with the execution of the Merger Agreement, and in acknowledgement that you will benefit from the Merger and for other good and valuable consideration the receipt of which is hereby acknowledged. You, the Company and Taberna hereby agree as follows:
AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENTEmployment Agreement • June 13th, 2006 • Rait Investment Trust • Real estate investment trusts
WHEREAS, Taberna (the “Company”) and Mitchell Kahn (the “Executive”) entered into that certain Employment Agreement dated as of April 28, 2005 (the “Employment Agreement”); and
