JOINDER, REAFFIRMATION AND RATIFICATION OF GUARANTY OF RECOURSE OBLIGATIONS AND ENVIRONMENTAL INDEMNITY AGREEMENTGuaranty of Recourse Obligations and Environmental Indemnity Agreement • December 23rd, 2015 • Clipper Realty Inc. • Real estate investment trusts • New York
This JOINDER, REAFFIRMATION AND RATIFICATION OF GUARANTY OF RECOURSE OBLIGATIONS AND 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 DEUTSCHE BANK AG, NEW YORK BRANCH, a branch of Deutsche Bank, AG, a German Bank, authorized by the New York Department of Financial Services, having an address at 60 Wall Street, 10th Floor, New York, New York 10005, in its capacity as administrative agent (together with its successors and/or assi
