JOINDER, REAFFIRMATION AND RATIFICATION OF FIRST MEZZANINE GUARANTY OF RECOURSE OBLIGATIONS AND FIRST MEZZANINE ENVIRONMENTAL INDEMNITY AGREEMENTFirst Mezzanine Guaranty of Recourse Obligations and First Mezzanine Environmental Indemnity Agreement • December 23rd, 2015 • Clipper Realty Inc. • Real estate investment trusts • New York
This JOINDER, REAFFIRMATION AND RATIFICATION OF FIRST MEZZANINE GUARANTY OF RECOURSE OBLIGATIONS AND FIRST MEZZANINE ENVIRONMENTAL INDEMNITY AGREEMENT (this “Agreement”) is entered into as of August 3, 2015 by DAVID BISTRICER, an individual, having an address at c/o Clipper Equity LLC, 46-11 12th Avenue, Suite 1L, Brooklyn, New York 11219 (“Bistricer”) and TRAPEZE INC., a Delaware corporation, having an address at 810 Seventh Avenue, 28th Floor, New York, New York 10019 (“Trapeze”; each of the foregoing, a “Guarantor”, and collectively, “Guarantors”) and CLIPPER REALTY L.P., a Delaware limited partnership, having an address at 46-11 12th Avenue, Suite 1L, Brooklyn, New York 11219 (“Additional Guarantor”), for the benefit of 50 MURRAY MEZZ FUNDING LLC, a Delaware limited liability company, having an address at 420 Lexington Avenue, 19th Floor, New York, New York 10170, in its capacity as administrative agent (together with its successors and/or assigns, “Agent”), for itself and on behal
