Coach 2013 Annual Report Download - page 613

MEMORANDUM OF OPTION AGREEMENT
THIS MEMORANDUM OF OPTION AGREEMENT (this “ Memorandum”), made as of the ____ day of [__________], 20[__], by
and among Legacy Yards Tenant LLC, a Delaware limited liability company (“Legacy Tenant”), and Podium Fund Tower C SPV LLC, , a Delaware limited
liability company (“Tower C SPV”), each having an address c/o The Related Companies, L.P., 60 Columbus Circle, New York, New York 10023 (Legacy
Tenant and Tower C SPV are individually and collectively referred to herein as “Optionor”), and COACH LEGACY YARDS LLC, a Delaware limited
liability company, having an address c/o Coach, Inc., [______________________], New York, New York [_________] (“Optionee”).
WITNESSETH:
WHEREAS, Legacy Tenant is the owner on the date hereof of the leasehold estate and interest in and to the condominium units designated
and described in that certain Declaration Establishing a Plan for Condominium Ownership of Premises located at 501 West 30 th Street, New York, New York
10001, Pursuant to Article 9-B of the Real Property Law of the State of New York, dated as of [__________, 20__], made by the Metropolitan
Transportation Authority, a body corporate and politic constituting a public benefit corporation of the State of New York, as declarant ( as amended, modified,
supplemented or restated from time to time, the “Condominium Declaration”), as Office Unit 2A, Office Unit 2B, and Office Unit 3 (each a “Unit” and
collectively, the “Units”) and more particularly described on Exhibit A attached hereto, which Condominium Declaration was recorded in the New York
County Office of the Register of the City of New York (the “Register’s Office”), on [__________], 20[__], as City Register File No. _________.
WHEREAS, Optionee owns the fee estate and interest in and to the condominium unit designated and described in the Condominium
Declaration as Office Unit 1 (the “Office Unit 1”);
WHEREAS, pursuant to that certain Option Agreement, dated as of the date hereof (the “ Agreement”), Optionor granted to Optionee the
right and option to purchase or lease [Office Unit 2A, Office Unit 2B, and a portion of Office Unit 3 consisting of the 23 rd Floor of the Building]10
(collectively, the “Option”), on the terms and subject to the conditions set forth in the Agreement; and
WHEREAS, Optionor and Optionee desire to enter into and record this Memorandum in order that third parties will have notice of the
existence of the Option.
NOW, THEREFORE, in consideration of good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,
the parties agree as follows:
10 To be updated prior to execution to reflect the addition of Office Unit 2A or Office Unit 2B to the Coach Unit pursuant to the Operating Agreement, if
applicable.
Exhibit H