700 North Delaware vs. Eli Weinstein - Copy
Transcript of 700 North Delaware vs. Eli Weinstein - Copy
7/23/2019 700 North Delaware vs. Eli Weinstein - Copy
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IN THE UNITED STATES DISTRICT COURTFOR THE EASTERN DISTRICT OF PENNSYLVANIA
700 NORTH DELAWARE, LLC2711 Centerville R!", Ste# $00
Wil%in&tn, Del!'!re,
Pl!inti((,
V.
Civil A)tin N#*****
ELI WEINSTEIN+0 Cr-- Street, ./il"in& 2 L!e'", Ne' er-e,
De(en"!nt#
CO3PLAINT
Pl!inti(( 700 Nrt4 Del!'!re, LLC 5rin&- t4i- !)tin !&!in-t De(en"!nt Eli Wein-tein
!n", in -/66rt t4ere(, !ver- !- (ll'-
A# T HE PARTIES
1# Pl!inti((, 700 Nrt4 Del!'!re, LLC 89Pl!inti(( :;, i- ! Del!'!re Cr6r!tin 'it4 ! re&i-tere"
((i)e !""re-- ( 2711 Centerville R!", S/ite $00, Wil%in&tn, Del!'!re#
2# De(en"!nt, Eli Wein-tein 89Wein-tein9; i- !n !"/lt in"ivi"/!l 'it4 !n !""re-- ( +0 Cr--
Street, ./il"in& 2, L!e'", Ne' er-e#
.# URISDICTION AND VENUE
<# /ri-"i)tin i- 6r6er /n"er 2+ U#S#C# = 1<<2, !- t4e 6!rtie- !re "iver-e, !n" t4e !%/nt in
)ntrver- i- ver >7,000, e?)l/-ive ( intere-t !n" )-t-#
$# Ven/e i- 6r6er /n"er 2+ U#S#C# = 1<@18!;82;, -in)e t4e 6r6ert t4!t i- t4e -/5e)t ( t4i- !)tin
i- -it/!te" in t4i- "i-tri)t#
C# . ACBROUND
# On r !5/t 3!r)4 21, 2007, Pl!inti(( !n" Wein-tein entere" int ! )ert!in
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Case 2:07-cv-02252-JG Document 1 Filed 06/04/07 Page o! 41
Cntri5/tin !n" S!le A&ree%ent 8t4e 9CSA9;, ! 4/e !n" )rre)t )6 ( '4i)4 i- !tt!)4e"
4eret !- E?4i5it 9A,9 !n" i- in)r6r!te" 5 re(eren)e# T4e e?4i5it- t t4e CSA !re nt
!tt!)4e", !- t4e !re vl/%in/-#
# P/r-/!nt t t4e CSA, Wein-tein !&ree", inter alia, t 6/r)4!-e Pl!inti(( - intere-t in )ert!in
6r6ert t4!t i- -it/!te" in P4il!"el64i! C/nt, Penn-lv!ni! 8t4e 9Pre%i-e-9;, '4i)4 4!- 5een
)%%nl re(erre" t !- 700 N# Del!'!re Aven/e#
7# Pl!inti(( "e- nt )/rrentl 'n t4e Pre%i-e-# R!t4er , Pl!inti(( i- t4e !--i&nee ( t4e )ntr!)t
6/r)4!-er ( t4e Pre%i-e-# 3re -6e)i(i)!ll, n r !5/t !n/!r I, 200, Pl!inti(( - !--i&nr,
We-t .!n Re!lt, In)#, "5! T4e H5en .r'n-tne C%6!n 89.r'n-tne9; entere" int
! )ert!in A&ree%ent ( S!le 8t4e 9AOS9; 'it4 t4e )/rrent 'ner- ( t4e Pre%i-e- 3/nt
Cr6r!tin, Ter%in!l In"/-tri!l Cr6#, !n" Pl!nt Re!lt C#, In)# 8)lle)tivel, t4e 9C/rrent
O'ner-9;#
+# On r !5/t A/&/-t <, 200, .r'n-tne !--i&ne" !ll ri&4t-, title, !n" intere-t- in !n" rel!te" t
t4e AOS t Pl!inti((#
D# THE CONTRI.UTION AND SALE AREE3ENT
@# P/r-/!nt t t4e CSA, Pl!inti(( !--i&ne" it- ri&4t- !n" intere-t- in !n" t t4e AOS t Wein-tein,
'4 in t/rn, '!- t )!/-e ! ne'l*(r%e" -6e)i!l*6/r6-e entit 8t4e "N LLC9; t 6/r)4!-e r
!--/%e -!i" ri&4t-# T4e VC LLC '!- t 5e (r%e" (r t4e -le 6/r6-e ( !)G/irin&, 'nin&,
i%6rvin& !n" 6er!tin& t4e Pre%i-e-, !n" in '4i)4 Pl!inti(( '!- t 4!ve ! 10 intere-t, !n"
Wein-tein '!- t 4!ve ! @0 intere-t# See CSA !t == 1#1 !n" <#2 8E?# A;#
10# U6n e?e)/tin ( t4e CSA, Wein-tein !--/%e" !ll 5li&!tin- ( Pl!inti(( 8%re 6!rti)/l!rl, (
Pl!inti(( - !--i&nr, .r'n-tne; /n"er t4e AOS# S ee id. !t == 1#2 !n" 1#<#
11# Wein-tein !&ree" t 6! Pl!inti(( >,000,000 in e?)e-- ( t4e 6/r)4!-e 6ri)e -et (rt4 in t4e AOS,
6!!5le !- (ll'- 8!; >2,00,000 "/e /6n e?e)/tin ( t4e CSA, see id. !t =
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Case 2:07-cv-02252-JG Document 1 Filed 06/04/07 Page " o! 41
2#l8!; !n" 85; >2,00,000 "/e !t t4e e!rlier ( 8i; t4e Cl-in& D!te "e(ine" in t4e AOS 8ii;
De)e%5er <1, 2007 r 8iii; t4irt "!- (ll'in& Pl!inti(( - re)ei6t ( t4e Jnin& 6er%it !n"
-ite 6l!n !66rv!l (r t4e Pre%i-e-, see id. !t = 2#l8);#
12# Wein-tein !l- !&ree" t rei%5/r-e Pl!inti(( (r !ll -/%- 6!i" r in)/rre" 5 Pl!inti(( in
)nne)tin 'it4 t4e "evel6%ent ( t4e Pre%i-e-, '4i)4 !t t4e ti%e ( t4e e?e)/tin ( t4e
CSA tt!le" >2,20<,2++#0# See id. !t = 2#l85;# T4e-e (/n"- 'ere "/e /6n e?e)/tin ( t4e
CSA#
1<# In !""itin, Wein-tein !&ree" t (/n", /6n e?e)/tin ( t4e CSA, !n e-)r' !))/nt in t4e
!%/nt ( ><00,000 8t4e 9Devel6%ent E-)r'9;, in r"er t (/n" t4e n&in& "evel6%ent
)-t- in )nne)tin 'it4 t4e "evel6%ent ( t4e Pre%i-e-# See id. !t = #2#
1$# #n t4e event Pl!inti(( 'ere !5le t ne&ti!te 'it4 t4e C/rrent O'ne r - t !)4ieve ! re"/)tin in
t4e 6/r)4!-e 6ri)e ( t4e Pre%i-e-, Wein-tein !&ree" t 6! Pl!inti((, !t )l-in&, t4e "i((eren)e
5et'een t4e ne' 6/r)4!-e 6ri)e ne&ti!te" 5 Pl!inti(( !n" t4e 6/r)4!-e 6ri)e in t4e AOS 8t4e
9Di-)/nt Cn-i"er!tin9;# See id. !t = 2#18";# In ! Si"e A&ree%ent entere" int )n)/rrentl
'it4 t4e CSA 89Si"e A&ree%ent9;, Pl!inti(( !&ree" t 6! Wein-tein 2 ( t4e Di-)/nt
Cn-i"er!tin !t )l-in&# A tr/e !n" )rre)t )6 ( t4e Si"e A&ree%ent i- !tt!)4e" 4eret !-
6!rt ( E?4i5it 9A,9 !n" i- in)r6r!te" 5 re(eren)e# T4/-, t4e 6!rtie- in e((e)t !&ree" t4!t
Wein-tein '!- 5li&!te" t 6! Pl!inti(( 7 ( t4e Di-)/nt Cn-i"er!tin !t )l-in&#
1# Pl!inti(( '!- -/))e--(/l in ne&ti!tin& !n >11,00,000 re"/)tin in t4e 6/r)4!-e 6ri)e ( t4e
Pre%i-e-, (r% ><7,00,000 t >2,000,000#
1# T4/-, !t )l-in&, Wein-tein i- !l- 5li&!te" t 6! Pl!inti(( 7 ( >11,00,000,
i.e., >+,2,000#
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Case 2:07-cv-02252-JG Document 1 Filed 06/04/07 Page 10 o! 41
17# In -/%, Wein-tein !&ree" t 6! Pl!inti(( t4e (ll'in& !%/nt-, !t t4e (ll'in&
ti%e-
8i; U6n e?e)/tin ( t4e CSA (i.e. n r !5/t 3!r)4 21, 2007; 8)lle)tivel, t4e
9E?e)/tin F/n"-9;
K >2,00,000 (see CSA !t = 2#l8!; 8E?# A;;
K >2,20<,2++#0 (see id. !t = 2#l85;;
K ><00,000 (see id. !t = #28!;;
$i% At )l-in&
K >+,2,000 (see id. !t = 2#l8";; !n"
8iii; At t4e e!rlier ( 8!; t4e Cl-in& D!te "e(ine" in t4e AOS 85; De)e%5er <1,2007 r 8); t4irt "!- (ll'in& Pl!inti(( - re)ei6t ( t4e Jnin& 6er%it !n" -ite
6l!n !66rv!l (r t4e Pre%i-e-K >2,00,000 (see id. !t = 2#l8);;#
1+# A- -et (rt4 in %re "et!il 5el', t "!te Wein-tein 4!- 6!i" Pl!inti(( nl
>2,000,000 in "e6-it-#
E# WEINSTEIN:S .REACHES OF THE CONTRI.UTION AND SALEAREE3ENT
1@# .e(re ne&ti!tin& 'it4 Wein-tein (r t4e 6/r)4!-e ( t4e Pre%i-e-, Pl!inti(( reG/ire" ! >1,000,000
&"*(!it4 "e6-it, '4i)4 Wein-tein 6!i" Pl!inti(( in r !5/t Fe5r/!r 2007#
20# U6n e?e)/tin ( t4e CSA, Wein-tein t4ere(re 'e" Pl!inti(( ! 5!l!n)e (
>$,00<,2++#0 n t4e E?e)/tin F/n"- (see P!r!&r!64 17 !5ve (r !n ite%iJ!tin ( t4e
E?e)/tin F/n"- >,00<,2++#0 * >1,000,000#00 & >$,00<,2++#0;#
21# At t4e ti%e t4e CSA '!- e?e)/te", Wein-tein "elivere" t' )4e)- tt!lin&
>$,00<,2++#0 t Pl!inti((#
22# S/r6ri-in&l, !n" )ntr!r t Se)tin 2#2 ( t4e CSA, Wein-tein reG/e-te" !t t4e ti%e (
"eliverin& t4e )4e)- t4!t Pl!inti(( nt "e6-it t4e )4e)-, -in)e 4e '!- -till '!itin& (r
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Case 2:07-cv-02252-JG Document 1 Filed 06/04/07 Page 11o! 41
(/n"- t 5e "e6-ite" int t4e !))/nt 8n '4i)4 t4e )4e)- 'ere 'ritten; 5 ne ( 4i-
inve-tr-# A5-ent -!i" "e6-it, t4ere '/l" 5e in-/((i)ient (/n"- t 4nr t4e )4e)-#
2<# In A6ril 2007, Wein-tein !"vi-e" Pl!inti(( t4!t 4e 4!" re)eive" t4e e?6e)te" 'ire (r% 4i- inve-tr,
!n" t4!t t4e )4e)- )/l" 5e )!-4e"#
2$# T4e )4e)-, 4'ever, 'ere nt 4nre"#
2# Wein-tein t4ere!(ter %!"e n/%er/- re6re-ent!tin- t Pl!inti(( t4!t 4e '/l" -n 5e in !
6-itin t 9%!e &"9 n t4e ver"/e 6!%ent ( t4e E?e)/tin F/n"-#
2# Fr e?!%6le, Wein-tein re6re-ente" t4!t 4e '!- '!itin& t re)eive (/n"- (r% !nt4er inve-tr in
!nt4er "e!l, t4!t 4e inten"e" t /-e t4!t inve-tr:- (/n"- t 6! Pl!inti(( t4e 5!l!n)e ( t4e
E?e)/tin F/n"-, !n" t4!t 4e e?6e)te" t re)eive t4e (/n"- 'it4in ! (e' "!-#
27# W4en n -/)4 (/n"- %!teri!liJe", Wein-tein t4en re6re-ente" t Pl!inti(( t4!t 4e '/l" 6! !
6rtin ( t4e /t-t!n"in& 5!l!n)e ( t4e E?e)/tin F/n"- 5 5rr'in& !&!in-t 4i- 6er-n!l line
( )re"it#
2+# Wein-tein, 4'ever, %!"e n -/)4 6!%ent t Pl!inti((#
2@# Fll'in& t4i- -erie- ( 5ren 6r%i-e-, n A6ril <0, 2007, Pl!inti(( -ent Wein-tein 'ritten nti)e
( "e(!/lt, !- reG/ire" /n"er Se)tin 7#2 ( t4e CSA, (r (!il/re t 6! t4e E?e)/tin F/n"- !-
!&ree"# A tr/e !n" )rre)t )6 ( t4e nti)e ( "e(!/lt i- !tt!)4e" 4eret !- E?4i5it 9.,9 !n" i-
in)r6r!te" 5 re(eren)e#
<0# T4!t -!%e "!, A6ril <0, 2007, Wein-tein 'ire" t Pl!inti(( t4e -/% (
>1,000,000, !- ! 6!rti!l 6!%ent n 4i- ver"/e 5li&!tin t 6! t4e E?e)/tin F/n"-#
<1# On r !5/t 3! @, 2007, Wein-tein -ent Pl!inti(( t' )4e)-, in t4e !%/nt (
>00,000 e!)4#
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Case 2:07-cv-02252-JG Document 1 Filed 06/04/07 Page 12 o! 41
<2# T4e (ll'in& "!, Wein-tein in-tr/)te" Pl!inti(( t "e6-it ne ( t4e >00,000 )4e)-, !--/rin&
Pl!inti(( t4!t 4e 4!" -/((i)ient (/n"- in 4i- !))/nt t )ver t4e )4e)#
<<# On r !5/t 3! 11, 2007, Pl!inti(( "e6-ite" ne ( t4e >00,000 )4e)-, 6er Wein-tein:-
in-tr/)tin-, 5/t it t '!- "i-4nre" (r in-/((i)ient (/n"-#
<$# In re-6n-e t Pl!inti(( - nti)e ( "e(!/lt, !n" !- !n !66!rent e?)/-e t e?6l!in 4i- nn*6!%ent
( t4e E?e)/tin F/n"-, n 3! 1+, 2007, Wein-tein:- !ttrne -ent Pl!inti(( - !ttrne ! letter,
)l!i%in& t4!t ne ( Pl!inti(( - re6re-ent!tive- 9entere" int !n !rr!n&e%ent t4!t %te" r )/re"
!n !lle&e" "e(!/lt n t4e 6!rt ( 3r# Wein-tein#9 A tr/e !n" )rre)t )6 ( t4i- letter i-
!tt!)4e" 4eret !- E?4i5it 9C,9 !n" i- in)r6r!te" 5 re(eren)e#
<# Nne ( Pl!inti(( - re6re-ent!tive- entere" int !n -/)4 9!rr!n&e%ent9 'it4 Wein-tein !n", in !n
event, t4e CSA e?6li)itl 6rvi"e- t4!t !n %"i(i)!tin t4eret %/-t 5e in 'ritin&, -i&ne" 5
5t4 6!rtie-# See CSA !t = +#$ 8E?# A;#
<# . re-6n-e letter "!te" 3! 1+, 2007, Pl!inti(( - )/n-el in(r%e" Wein-tein:- )/n-el t4!t n
-/)4 9!rr!n&e%ent9 '!- ever %!"e, !n" re!((ir%e" t4!t Wein-tein '!- in "e(!/lt ( t4e CSA#
A tr/e !n" )rre)t )6 ( t4i- letter i- !tt!)4e" 4eret !- E?4i5it 9D,9 !n" i- in)r6r!te"
5 re(eren)e#
<7# T "!te, Wein-tein re%!in- in "e(!/lt ( t4e CSA, n !))/nt (, inter alia, 4i- (!il/re t 6!
><,00<,2++#0 ( t4e E?e)/tin F/n"-#
<+# T4e CSA 6rvi"e- t4!t 9Ti%e i- ( t4e e--en)e ( t4i- A&ree%ent, -6e)i(i)!ll in)l/"in&, 'it4/t
li%it!tin###!ll 5li&!tin- !n" 6er(r%!n)e ti%e 6eri"- ( Wein-teinM#9 See CSA !t = +#
8E?# A;#
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Case 2:07-cv-02252-JG Document 1 Filed 06/04/07 Page 1' o! 41
<@# T4e CSA (/rt4er 6rvi"e- t4!t t4e 6rev!ilin& 6!rt in !n l!'-/it 5r/&4t in )nne)tin
t4ere'it4 9-4!ll 5e entitle" t re)ver re!-n!5le !ttrne-: (ee-, )-t- !n" e?6en-e- in)/rre" in
-/)4 -/it 8r in t4e !66e!l ( -/)4 -/it;#9 See id. !t = +#7#
COUNT I*.REACH OF CONTRACT
$0# T4e (re&in& 6!r!&r!64- !re in)r6r!te" !- i( (/ll -et (rt4 4erein#
$1# Wein-tein !n" Pl!inti(( entere" int t4e CSA#
$2# Pl!inti(( 4!- -!ti-(ie" !n" )%6lie" 'it4 !ll %!teri!l ter%- !n" )n"itin- ( t4e
CSA#
$<# A- -et (rt4 !5ve, Wein-tein 4!- %!teri!ll 5re!)4e" t4e CSA 5, inter alia,
(!ilin& t re%it !ll %nie- "/e Pl!inti((#
$$# A- ! "ire)t !n" 6r?i%!te re-/lt ( Wein-tein:- 5re!)4e-, Pl!inti(( 4!- -/((ere", !n" 'ill )ntin/e
t -/((er, "!%!&e-, '4i)4 in)l/"e 5/t !re nt li%ite" t 8i; t4e ><,00<,2++#0 5!l!n)e ( t4e
E?e)/tin F/n"- 8ii; >2,00,000 6!!5le /n"er Se)tin 2#l8); ( t4e CSA 8iii;
>+,2,000 6!!5le /n"er Se)tin 2#l8"; ( t4e CSA 8iv; t4e v!l/e ( Pl!inti(( - 10 intere-t in
t4e V LLC, 6/r-/!nt t Se)tin <#2 ( t4e CSA 8v; (/t/re -/%- nee"e" t 5t!in t4e
ne)e--!r 6er%it- !n" !66rv!l- (r t4e "evel6%ent ( t4e Pre%i-e-, 6!%ent ( '4i)4 '!-
Wein-tein:- re-6n-i5ilit /n"er Se)tin #2 ( t4e CSA !n" 8vi; t4e v!l/e ( Pl!inti(( - ti%e
!n" e((rt rel!te" t 6er(r%!n)e /n"er t4e CSA 8)lle)tivel, t4e 9D!%!&e-9;#
WHEREFORE, Pl!inti(( 700 Nrt4 Del!'!re, LLC "e%!n"- /"&%ent in it- (!vr !n"
!&!in-t De(en"!nt Eli Wein-tein, in t4e !%/nt ( t4e D!%!&e-, t&et4er 'it4 intere-t, !ttrne-:
(ee-, )-t- !n" e?6en-e- ( -/it, !n" -/)4 t4er relie( !- t4i- C/rt "ee%- !66r6ri!te#
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Case 2:07-cv-02252-JG Document 1 Filed 06/04/07 Page 14 o! 41
COUNT II * DECLARATORY RELIEF
$# T4e !ver%ent- -et (rt4 !5ve !re in)r6r!te" !- i( -et (rt4 4erein !t len&t4#
$# Pl!inti(( reG/e-t- ! "eter%in!tin 5 t4i- C/rt t4!t
K Wein-tein i- in %!teri!l 5re!)4 ( t4e CSA
K T4e CSA i- "ee%e" ter%in!te" !n" vi", !n" -4!ll 4!ve n (/rt4er
e((e)t
K Pl!inti(( -4!ll 4!ve n (/rt4er 5li&!tin t 6er(r% /n"er t4e CSA
K T4e !--i&n%ent- e((e)te" 6/r-/!nt t t4e CSA !re "ee%e"
ter%in!te" !n" vi", !n" -4!ll 4!ve n (/rt4er e((e)t
K All ri&4t- in !n" t t4e AOS 4!ve reverte" t Pl!inti(( !n"
K Pl!inti(( i- !'!r"e" t4e D!%!&e- -et (rt4 !5ve#
WHEREFORE, Pl!inti(( 700 Nrt4 Del!'!re, LLC -ee- t4e entr ( !n Or"er
)n-i-tent 'it4 t4e relie( -t!te" 4erein#
D!te" /ne $,2007
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BLEHR, HARRISON, HARVEY, .RAN.UR ELLERS LLP
v( Willi!% )* Hin)4%!n, E-G/ireWilli!% T# Hill, E-G/ire
20 S/t4 .r!" Street
P4il!"el64i!, PA 1@102821; @*27@
Attorneys for Plaintiff, 7 00 North Delaware, LLC
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EXHIBIT
9A9
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Case 2:07-cv-02252-JG Document 1 Filed 06/04/07 Page 16 o! 41
I $0v+
CONTRI.UTION AND SALE AREE3ENT
+, .D +.
700 NORTH DELAWARE, LLC89SELLER9;
.
ELI WEINSTEIN
89PURCHASER9;
RELTIN TO )3 PROPERTY
BNOWN AS
700 NORTH DELAWARE .
PHILADELPHIA, PENNSYLVANIA
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Table of Contents
Arti)le 1 CONTRI.UTION AND SALE############################################################################### ############1
Art i)le 2 CONSIDERATION###########################################################################################################2
Arti)le ' CONCERNIN V LLC######################################################################################<
Arti)le $ DELIVERIES####################################################################################################################### $
Arti)le CLOS N ######################################################################################################################### S
Arti)le 6 DEVELOP3ENT PROCESS##############################################################################################
Arti)le 7 DEFAULT AND RE3EDIES #########################################################################################
Arti)le + 3ISCELLA NEOUS############################################################################################################7
EQHI.IT A Le&!l De-)ri6tin ( Re!l E-t!te
EQHI.IT + Devel6%ent D)/%ent- EQHI.IT
C A--i&n%ent !n" A--/%6tin
EQHT.TT D Rei%5/r-!5le C-t- !n" E?6en-e-
EQHI.TT E A %en"e" O6er!tin& A&ree%ent
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CNRI.rT#PN AND SA LE AREE3l NI
T4i- Cntri5/tin !n" S!le A&ree%ent 8t&et4er 'ill E?4i5it- 4eret !n" !- 4ere!(ter
!%en"e", t4i- 9A&ree%ent9; i- %!"e !n" entere" int !- ( 21-t
"! ( 3!r)4, 2007, 5 !n" 5et'een 700 NORTH DELAWARE, LLC, ! Del!'!re li%ite" li!5ilit )%6!n 89Seller9; !n"ELI WEINSTEIN, !n in"ivi"/!l 89P/r)4!-er9;# Fr 6/r6-e- 4ere(, Seller !n" P/r)4!-er -4!lle!)4 5e re(erre" t in"ivi"/!ll !- ! 9P!rt9 !n" -4!ll 5e )lle)tivel r e(erre" t !- t4e 9:P!rtie-9#
RECITALS
A# Seller i- t4e )/rrent )ntr!)t 6/r)4!-er ( )erti1in re!l 6r6erl l)!te" in P4i l!"el 64i!,Penn-lv!ni!, !n" moe 6!rti)/l!rl "e-)ri5e" n E?4i5it !tt!)4e" 4er et 8t4e 9Re!lPr6ert9; 6/r-/!nt t t4e ter%- ( ! )ert!in A&ree%ent ( S!le "!te" !n/!r l , 200 8!-t4ere!(ter !%en"e", -/66le%ente" !n" !--i&ne" (r% ti%e t ti%e, t4e 9RE AOS9; 5et'een3/nt Cr6r!tin, Ter%in!l In"/-tri!l Cr6# !n" Pl!nt Re!lt C#, In)# 8)lle)tivel, t4e9C/rrent O'ner9;, !- Seller t4ere/n"er, !n" We-t .!n Re!lt, In)#, )l5! T4e H5en
.r'n-tne C%6!n 89H5en .r'n-tne9;, !- ./er t4ere/n"er# T4e Re!l Pr6e1t!n" !ll i%6rve%ent-, ri&4t- !n" t4er 6er-n!l 6r6ert rel!te" t4eret !n" in)l/"e" int4e 9Pre%i-e-9 !- "e(ine" in !n" t 5e )nvee" 6/r-/!nt t t4e ter%- ( t4e RE AOS -4!ll 5e re(erre" t 4erein !- t4e 9Pr6ert9#
.# T4e RE AOS '!- !--i&ne" 89 H5en .r'n-tne t Seller e((e)tive A/&/-t <, 200, 6/r-/!nt tt4e ter%- ( ! )ert!in A--i&n%ent A&ree%ent 5et'een H5en .r'n-tne, !- A--i&nr, !n"Seller, !- A--i&nee#
C# Seller 4!- !&ree" t )ntri5/te !n" !--i&n !n !n" !ll ( Seller:- ri&4t- !n" intere-t in !n" t t4e R#EAOS, t&et4er 'it4 !n !n" !ll ( Seller:- ri&4t- !n" intere-t in !n" t t4e !&ree%ent-, 6l!n-,!66rv!l-, 6er%it- !n" t4er "evel6%ent ")/%ent!tin !- li-te" n E?4i5it . 4eret8)lle)tivel, 9Devel6%ent D)/%ent-9; )ntr!)te" (r 5 Seller in )nne)tin 'it4 t4e
"evel6%ent ( t4e Re!l Pr6ert !- ! %i?e" /-e )%%er)i!l !n" re-i"enti!l "evel6%ent 8t4e9Devel6%ent Pre)t9; t P/r)4!-er:- !((ili!te (r t4e )n-i"er!tin !n" n t4e ter%- !n")n"itin- -et (rt4 i- t4i- A&ree%ent#
NOW THER#EFORE, t4e P!r1ie-, inten"in& t 5e le&!ll 5/n" 4ere5, !&ree !- (ll'-
)#C3 l
CONTRI.UTION AND SALE
SECTION l #l S/5e)t t t4e ter% !n" 6rvi-in- ( t4i- A&ree%ent, Seller !&ree-
t -ell, )ntri5/te !n" !--i&n t ! ne'l (r%e" Penn-lv!ni! l i%ite" li!5ilit )%6!n 8t4e9V LLC9;, !n" P/r)4!-er !&ree- t )!/-e t4e V LLC t 6/r)4!-e !n" !--/%e (r%Seller, !ll ( Seller:- ri&4t- !n" intere-t in !n" t t4e RE AOS !n" t4e Devel6%entD)/%ent- 8e?)e 6t !- t4er'i-e ret!ine" 5 Seller ;#
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SECTION l #2 E((e)tive !- ( t4e A--i&n%ent D!te 8!- "e(ine" 5el';, P/r)4!-er 'ill!))e6t t4e !--i&n%ent ( !ll ( Seller:- ri&4t- !n" intere-t in !n" t t4e RE AOS !n" t4eDevel6%ent D)/%ent-, !n" P/r)4!-er -4!ll 5e entitle" t !ll ri&4t- !n" 5ene(it- !))r/in&t4ere/n"er, !n" -4!ll !--/%e !ll 5li&!tin- t4ere/n"er !ri-in& n r !(ter t4e A--i&n%ent D!te#T4e !--i&n%ent !n" !--/%6tin )nte%6l!te" 89 t4i- Se)tin -4!lt 5e e((e)te" 6/r-/!nt t !n
A--i&n%ent !n" A--/%6tin A&ree%ent, t4e ()#%11 ( '4i)4 i- !tt!)4e" 4eret !- #E?4i5it C#
SECTION l #< T4e !--i&n%ent "e-)ri5e" 4erein -4!ll 5e e((e)te" on t4e "!te ( t4i-
A&ree%ent 8-/)4 "!te -4!ll 5e 4erein!(ter 5e re(erre" t !- t4e "Assignment Date").
SECTION 1 #$ P/r)4!-er -4!ll )!/-e t4e J LLC t -/5%it !ll in(r%!tin !n" t re%it!ll 6!%ent- reG/ire" t -/5%itte" r re%itte" t t4e C/rrent O'ner /n"er t4e RE AOS t Seller,!n" Seller 4ere5 )ven!nt- !n" !&ree- t re% it !n" -/5%it t4e -!%e t t4e C/rrent O'ner#
SECTION 1# I( Seller -4!ll e?6en" !n (/n"- in )nne)tin 'it4 )/rin& ! 5re!)4 5
P/r)4!-er /n"er t4e ) AOS, r -4!ll e?6en" (/n"- in )nne)tin 'it4 t4e Devel6%ent Pre)tin e?)e-- ( t4-e "e6-ite" in !))r"!n)e 'it4 Se)tin #2 ( t4i- A&ree%ent, P/r)4!-er -4!ll
rei%5/r-e Seller (r -/)4 e?6en"it/re 'it4in t4irt 8<0; "!- !(ter -/)4 e?6en"it/re i- %!"e,
t&et4er 'it4 intere-t t4erein (r% t4e "!te e?6en"e" 5 Seller /ntil 6!i" !t ! r!te eG/!l t < ine?)e-- ( t4e r!te !nn/n)e" 5 W!)4vi! .!n (r% ti%e t ti%e !- it- 96ri%e r!te9#
ARTICLE 2
CONSIDERATION
SECTION 2#1 T4e )n-i"er!tin (r t4e A--i&n%ent 6rvi"e" 4erein -4!ll 5e t4e(ll'in& !%/nt-, 6!!5le !- (ll'-
8!; On t4e A--i&n%ent D!te, P/r)4!-er -4!ll 8r -4!ll )!/-e t4e V LLC t; re% it t Seller !n !%/nteG/!l t T' 3illin Five H/n"re" T4/-!n" Dll!r- 8>2,00,000;#
$8% On t4e A--i&n%ent D!te, P/r)4!-er -4!ll 8r -4!ll )!/-e t4e V LLC t; re% it t Seller !n !%/nteG/!l t t4e -/% ( !ll ")/%ente" e?6en"it/re-, )-t- !n" li!5ilitie- %!"e r in)/rre" 5 Seller in )nne)tin 'it4 t4e Devel6%ent Pre)t, !- -6e)i(i)!ll -et (rt4 n E?4i5it D .
8); On t4e "!te t4!t i- t4e e!rlie-t ( t4e $i% Cl-in& D!te 8!- 4erein!(ter "e(ine";, $ii% De)e%5er <1, 2007,r t4irt 8<0; "!- (ll'in& P/r)4!-er:- re)ei6t ( Jnin& 6e%1it !n" -ite 6l!n !66rv!l (r t4eDevel6%ent 84ere!(ter re(erre" t !- t4e "L&J Permit"), P/r)4!-er -4!ll 8r -4!ll )!/-e t4e VLLC t; re%it t Seller !n !""itin!l !%/nt eG/!l t T' 3illin Five H/n"re" T4/-!n" Dll!r-
8>2,00,000;#
8"; At Cl-in&, P/r)4!-er -4!ll 8r -4!ll )!/-e t4e V LLC t; 6! t Seller t4e !%/nt 5 '4i)4 t4eP/r)4!-e Pri)e ( ><7,00,000 6!!5le /n"er t4e RE AOS i- "i-)/nte" o t4er'i-e re"/)e"
!- ! re-/lt ( ne&ti!tin- 5et'een Seller !n" Cu ent O'ner 8t4e "Diso!nt Consieration"),P/r)4!-er 4ere5 !)n'le"&in& !n" !/t4riJin& Seller t -ee -/)4 r e"/)tin in -/)4P/r)4!-e Pri)e in Seller:- -le "i-)retin#
8e; At Cl-in& 8!- 4erein!(ter "e(ine";, P/r)4!-er -4!ll )nve t Seller ! ten 6er)ent 8I 0; intere-t in
t4e J4 LLC#
2
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SECTlON 2#2 Al l 6!%ent- reG/ire" 4ere/n"er -4!ll 5e %!"e 5 'ire tr!n-(er ( i%%e"i!tel !v!il!5le (/n"- t !n !))/nt "e-i&n!te" 5 Seller#
SECTION 2#< Seller !n" P/r )4!-er inten" t4!t t4e tr!n-!)tin- )nte%6l!te" 5 t 4i-
A&ree%ent 'ill 5e tre!te" (r (e"er!l in)%e t!? 6/r6-e- !- 8!; ! -!le ( t4e Seller:- intere-tin t4e RE AOS in e?)4!n&e (r Five 3illin Dll!r- 8>,000,000; 6l/- t4e Di-)/nt
Cn-i"er!tin in )!-4, 6/r-/!nt t Se)tin 707 ( t4e Intern!l R even/e C"e ( 1@+, !-
!%en"e" 8t4e 9C"e9;,
$8% ! t!?*(ree )ntri5/tin ( !n !%/nt eG/!l t t4e v!l/e ( Seller :- intere-t in t4e J 33C
8'4i)4 t4e 6!rtie- 4ere5 !&ree t 5e >I 00; 6/r-/!nt t Se)tin 72 l ( t4e C"e, !n" 8); !rei%5/r -e%ent ( 6re*(r%!tin e? 6en-e- 6/r-/!nt t Tre!-/r Re&/l!tin 707*$8";# Seller !n"P/r)4!-er !&ree t (ile t4eir re-6e)tive (e"er!l, -t!te !n" l)!l t!? ret/rn-, !n" !&ree t )!/-e t4e
(V LLC t tile it- (e"er!l, -t!te !n" l)!l t!? ret/rn-, in ! %!nner )n-i-tent 'it4 -/)4 tre!t%ent#
ARTICLE <
CONCERNIN THE V LLC
SECTION <#1 Prir t t4e A--i&n%ent D!te, P/r)4!-er -4!ll (r% t4e V LLC# T4e N LLC -4!ll 5e ! 5!nr/ 6t)*re%te, -6e)i!l 6/r6-e entit, t4e -le 6/r6-e ( '4i)4 -4!ll 5e t4e!)G/i-itin, 'ner-4i6, i%6rve%ent !n" 6er!tin ( t4e Pr6ert !n" t4e 6er(r%!n)e ( t4eDevel6%ent Pre)t#
Se)tin <#2 At Cl-in& t4e 6!rtie- -4!ll e?e)/te !n" "eliver !n !%en"e" 6er!tin&
!&ree%ent (r t4e V LLC in t4e (r% !tt!)4e" 4eret !- E?4i5it E# T4e P!rtie- !&ree t4!t t4eA%en"e" O6er!tin& A&ree%ent -4!ll in)l/"e t4e (ll'in& 6rvi-in-
%!n!&er 8!; %!n!&e%ent ( t4e V LLC -4!ll 5e ve-te" in P/r)4!-er r it- "e-i&n!te"
85; Seller -4!ll 4!ve n 5li&!tin t %!e !n )!6it!l )ntri5/tin-
8); "i-tri5/tin- -4!ll 5e %!"e !- (ll'- $i% (ir -t, t 6! t P/r)4!-er !n !))r/e" 9Pr e(err e"
Ret/rn9 8ii; -e)n", t P/r)4!-er !- ! ret/rn ( P/r)4!-er:- )!6it!l !n" 8iii; l!-t, 10 t Seller
!n" @0 t P/r )4!-er 6rvi"e" 4'ever, t4!t t4e N LLC -4!ll "i-tri5/te !nn/!ll t e!)4%e%5er !n !%/nt -/((i)ient t 6! -/)4 %e%5er:- t!? li!5ilit (r it- !ll)!5le -4!r e ( t4eJ LLC: - net t!?!5le in)%e
8"; T4e V LLC -4!ll nt enter int !n !&ree%ent (r t4e le!-in&, -!le, 6er!tin r "evel6%ent ( t4ePr6ert 'it4 !n A((ili!te- 8t4er t4!n (r !&ree%ent- rel!tin& t t4e %!n!&e%ent ( t4e VLLC !n" t4e "evel6%ent ( t4e Devel6%ent Pr e)t, t4e (e- (r '4i)4 -4!ll nt, in t4e
!&&re&!te, e?)ee" t4ree 6er)ent 8<; ( t4e tt!l )-t- ( t4e Devel6%ent Pre)t; e?)e6t $i%
/6n ter%- !n" )n"itin- t4!t !re -/5-t!nti!ll t4e -!%e !- t4-e t4!t '/l" 5e in)l/"e" in !n!&ree%ent 'it4 ! 6!rt t4!t i- nt !n A((ili!te, !n" 8ii; e?)e6t 'it4 Seller:- 6rir 'ritten )n-ent
e; An 6rin)i6!l r inter e-t 6!i" n !))/nt ( ! l!n t4!t i- nt %!"e 5 !nin-tit/tin!l len"er n !r%-*len&t4 te%1- !n" !n (ee- 6!i" t P/r)4!-er r it- A((ili!te- in e?)e--
( t4r ee 6er)ent 8<; ( t4e tt!l )-t- ( t4e Devel6%ent Pre)t -4!ll )n-ti41te "i-tri5/tin-n !))/nt ( t4e ret/rn ( P/r)4!-er:- )!6it!l
<
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85; t4e !" v!lre% 6r6ert t!? -t!te%ent 'it4 re-6e)t t t4e Pr6ert (r )!len"!r e!r- 200 !n" 200
8); !ll envirn%ent!l !n" -il- re6rt- 6ert!inin& t t4e Pr6ert
t4ere(; !n"8"; t4e RE AOS 8in)l/"in& !ll !%en"%ent- t4eret !n" !--i&n%ent-
8e; t4e Devel6%ent A&ree%ent 5et'een t4e C%6!n !n" Nrt4ern Li5ertie- Nei&45r4" A--)i!tin!n" !n t4er !&ree%ent- 6ert!inin& t t4e Devel6%ent Pre)t#
SECTION $#2 P/r)4!-er !)n'le"&e- t4!t t4er t4!n !- %! 5e e?6re--l -et (rt44erein , Seller 4!- nt %!"e !n" "e- nt %!e an9 re6re-ent!tin r '!rr!nt re&!r"in& t4e tr/t4,!))/r!) r )%6letene-- ( t4e Deliverie- r t4e -/r)e- t4ere( , !n" Seller 4!- nt /n"ert!en!n in"e6en"ent inve-ti&!tin !- t t4e tr/t4, !))/r!) r )%6letene-- ( t4e Deliverie-# In t4eevent t4i- A&ree%ent ter%in!te- (r !n r e!-n 6rir t t4e Cl-in& D!te, P/r)4!-er -4!ll ret/rnt Seller !ll )6ie- !n"r ri&in!l- ( !ll ")/%ent-, tile- !n" re)r"- 6revi/-l "elivere" t
P/r)4!-er 5 Seller r t4e C/rrent O'ner 6/r-/!nt 3o t4i- A&ree%ent r t4er'i-e in )nne)tin'it4 t4e tr!n-!)tin )nte%6l!te" 4er ein, in)l/"in& t;e Deliverie-#
ARTICLE
CLOSIN
T4e )n-/%%!tin ( t4e )nve!n)e ( t4e Pr6ert 89Cl-in&9; -4!ll t!e 6l!)e n t4e"!te 8t4e 9Cl-in& D!te9; t4!t i- t4e e!rlier t ))/r ( 8i; t4e "!te t4!t i- t4irt 8<0; "!-(ll'in& P/r)4!-er: - r e)ei6t ( t4e Ll Per%it, r 8ii; t4e )l-in& "!te -et (rt4 in t4e RE AOS#Cl-in& -4!ll t!e 6l!)e !t t4e l)!tin reG/ire" (r Cl-in& 6/r -/!nt t t4e RE AOS r !t -/)4t4er 6l!)e !- t4e P!rtie- %! %/t/!ll !&ree in 'ritin&# P/r)4!-er r t4e V LLC -4!ll re%it tt4e C/rrent O'ner !t Cl-in&, !ll -/%- reG/ir e" /n"er t4e ) AOS, !n" -4!ll -i%/lt!ne/-lre%it t Seller t4e Di-)/nt Cn-i"er!tin#
ARTICLE
DEVELOP3ENT PR OCESS
SECTION #1 P/r)4!-er 4er e5 "ele&!te- 8!n" -4!ll )!/-e t4e J LLC t "ele&!te; tSeller !ll ri&4t- !n" 6'er- ne)e--!r !n"r "e-ir!5le t 6r)ee" 'it4 t4e Devel6%ent Pr e)t!n" t 5t!in t4e LI Penn it#
SECTION #2 T i%6le%ent t4e (re&in&, t4e P!rtie- !&ree !- (ll'-
8!; On t4e A--i&n%ent D!te, P/r)4!-er -4!ll "e6-it 8r -4!ll )!/-e t4e V LLC t "e 6-it; 'it4
Seller , t4e -/% ( T4ree H/n"re" T4/-!n" Dll!r- 8><00,000; 8t4e 9Devel6%ent E-)r'9;,re6re-entin& t4e P!rtie-: &" (!it4 e-ti%!te ( "evel6%ent )-t- ( t4e Devel6%ent Pre)t
(r (/r ( $; %nt4-# T4e (re&in& (/n"- -4!ll 5e /-e" e?)l/-ivel t (/n" t4e "evel6%ent
)-t- ( t4e Devel 6%ent Pre)t, !n" %! in)l/"e !n e? 6e"itin& (ee 6!!5le t W4ite A)re
EG/itie- in ! re!-n!5le !%/nt t 5e !&ree" t 5 Seller !n" P/r)4!-er# Seller -4!ll e-t! 5li-4
!n" %!int!in ! -e6!r!te !))/nt (r t4e Devel6%ent E-)r ' in ! (in!n)i!l
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in-tit/tin# Seller -4!ll 6rvi"e P/r)4!-er 'it4 ! %nt4l -t!te%ent ( t4e Devel6%ent E-)r',in)l/"in& )6ie- ( invi)e- r t4er evi"en)e ( e?6en"it/re- (r -ervi)e- 6!i" (r% t4eDevel6%ent E-)r'#
85; P/r)4!-er -4!ll re6leni-4 8r -4!ll )!/-e t4e V LLC t re6leni-4; t4e Devel6%ent E-)r' t ! 5!l!n)e ( One H/n"re" T4/-!n" Dll!r- 8>100,000; '4en t4e 5!l!n)e ( t4e Devel6%entE-)r' re!)4e- Ten T4/-!n" Dll!r- 8>10,000;#
8); P/r)4!-er -4!ll 4!ve no 5li&!tin t (/n" t4e Devel6%ent E-)r' !(ter Cl-in& !n" !n (/n"-re%!inin& in t4e Devel6%ent E-)r' n t4e Cl-in& D!te -4!ll 5e 6!i" r t4er'i-e )re"ite" tP/r)4!-er r t4e V LLC !t Cl-in&#
)#C3 7
DEFAULT AND RE3EDIES
SECTION 7#1 #! P/r)4!-er -4!ll "e(!/lt in !n o! it- 5li&!tin- /n"er t4e RE AOS,Seller -4!ll 4!ve t4e ri&4t, 5/t nt t4e 5li&!tin, t )/re -/)4 "e(!/lt 5 t4e 6!%ent !n"r 6er(r%!n)e o! -/)4 5li&!tin-, !n" P/r)4!-er -4!ll 6r%6tl rei%5/r-e Seller in !))r"!n)e'it4 Se)tin 1*4 4ere(#
SECTION 7#2 I( P/r)4!-er -4!ll "e(!/lt in !n o! it- 5li&!tin- 4ere/n"er, Seller
%! 6r)ee" !&!in-t P/r)4!-er (r it- !)t/!l "!%!&e- r (r -6e)i(i) 6er(r%!n)e# #! -/)4
"e(!/lt )n-tit/te- 8r '/l", 'it4 t4e &ivin& ( nti)e, t4e 6!--!&e ( ti%e, r 5t4, 5e; !"e(!/lt /n"er t4e R#E AOS, !n" i( Seller )4-e- t 6r)ee" (r "!%!&e-, t4i- A&ree%ent
-4!ll 5e te%1in!te" !n" ( n (/rt4er (r)e r e((e)t, !n" t4e !--i&n%ent- ( t4e RE AOS!n" t4e Devel6%ent D)/%ent- e((e)te" 6/r-/!nt t t4i- A&ree%ent -4!ll 5e "ee%e"ter%in!te" !n" vi", !n" !ll ri&4t- /n"er t4e ) AOS !n" t4e Devel6%ent D)/%ent- -4!llrevert t Seller# Prir t t!in& !n -/)4 re%e", Seller -4!ll !((r" P/r)4!-er !n 66rt/nit
to )/re -/)4 "e(!/lt, '4i)4 -4!ll )n-i-t ( ! )/re 6eri" t4!t: i- t4e -4rter ( 8i; 1 "!- !(ter nti)e (r% Seller ( t4e "e(!/lt, r $ii% t4e 6eri" !((r"e" t D4e 5/er /n"er t4e RE AOS (r
-/)4 "e(!/lt r 5re!)4#
SECTION 7#< I( Seller -4!ll "e(!/lt in it- 5li&!tin- t e((e)t t4e !--i&n%ent-)nte%6l!te" 5 t4i- A&ree%ent, P/r)4!-er %! 6r)ee" !&!in-t Seller (r it- !)t/!l "!%!&e- r (r -6e)i(i) 6er(r%!n)e#
SECTION 7#$ I n t4e event t4!t (ll'in& ! "e(!/lt 5 P/r)4!-er !n" t4e ter%in!tin!n" rever-in ( ri&4t- -et (rt4 !5ve, P/r)4!-er !n"r !n ( it- A((ili!te- %! nt ne&ti!tet4e 6/r)4!-e ( t4e Pr6ert r !n intere-t t4erein 'it4 t4e C/rrent O'ner# I ( (ll'in& -/)4
"e(!/lt !n" rever-in, Seller "e(!/lt- /n"er t4e RE AOS, t4en, n e!rlier t4!n t' 82; e!r- !(ter t4e "!te ( t4e ))/rren)e ( P/r)4!-er:- "e(!/lt, P/r)4!-er !n"r it- A((ili!te- %! ne&ti!te'it4 t4e C/rrent O'ner 8r it- -/))e--r r !--i&n; t 6/r)4!-e t4e Pr6ert r !n intere-t t4erein#P/r)4!-er !)n'le"&e- t4!t "!%!&e- t Seller re-/ltin& (r% ! 5re!)4 ( t4i- 6rvi-in 'ill 5e
"i((i)/lt, i( nt i%6--i5le, t )%6/te# T4ere(re, P/r)4!-er !&ree- t4!t it -4!ll 4l" 8r )!/-e it-A((ili!te- t 4l"; t4e Pr6ert r !n intere-t t4erein 6/r)4!-e" in vil!tin ( t4i- 6rvi-in intr/-t (r Seller, !n" Seller %! 6/r)4!-e t4e Pr6ert r -/)4 intere-t- (r% P/r)4!-er !n"r it-A((ili!te-, !t !n ti%e, t4ere!(ter, (r One H/n"re" Dll!r- 8>100;#
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Case 2:07-cv-02252-JG Document 1 Filed 06/04/07 Page 24 o! 41
ARTICLE +
3ISCELLANEOUS
SECTION +#1 All nti)e-, "e%!n"-, r t4er )%%/ni)!tin- ( !n t6e 84erein)lle)tivel re(erre" t !- 9Nti)e-9; &iven 5 Seller - t P/r)4!-er r 5 P/r)4!-er t Seller-,'4et4er reG/ire" 5 t4i- A&ree%ent r in !n '! rel!te" t t4e tr!n-!)t in )ntr!)te" (r 4erein, -4!ll 5e vi" !n" ( n e((e)t /nle-- &iven in !))r"!n)e 'it4 t4e 6rvi-in- ( t4i-Arti)le 1< 86rvi"e", (!il/re t -en" ! )6 ( t4e Nti)e t t4e 6er-n "e-i&n!te" 5el' !-entitle" t re)eive ! )6 ( t4e Nti)e -4!ll nt ren"er t4e Nti)e vi" r ine((e)tive# t4/&4
5t4 6!1ti)- 4er et !&ree t /-e t4eir re!-n!5le e((rt- t 6rvi"e )6ie- ( -/)4 nti)e- !- 6rvi"e" 5el';# An r t4e Nti)e- %! 5e "elivere" 5 t4e 6!rtie- 4eret r 5 t4eir re-6e)tive !ttrne-# All Nti)e- -4!ll 5e in 'r itin& !n" -4!ll 5e e((e)tive '4en (r'!r"e" vi!(!)-i%ile tr!n-%i--in t t4e (!? n/%5er- in"i)!te" 5el' r vi! ele)trni) tr!n-%i--in 8e*%!il; t t4e e*%!il !""re--e- in"i)!te" 5el' 86rvi"e" i( t4e (!? r e*%!il i- re)eive" 5 t4e!""re--ee, !- evi"en)e" 5 t4e (!? )n(ir%!tin r e*%!il )n(ir%!tin ( t4e !""re--ee, !(ter 00 6#%# n t4e "! t4e (!? r e %!il i- -ent, -/)4 Nti)e -4!ll 5e "ee%e" e((e)tive n t4e
ne?t 5/-ine-- da9%< '4en 6er-n !ll "elivere", r t4ree $J% 5/-ine-- "!- !(ter 5ein& "e6-ite"in !n ((i)i!l Unite" St!te- P-t!l Servi)e O((i)e r 5r!n)4 r ((i)i!l "e6-it1 %!int!ine"
5 t4e Unite" St!te- P-t!l Servi)e, 5 )erti(ie" r r e&i-tere" %!il, 6-t!&e 6re6!i", ret/rnre)ei6t reG/e-te", !""re--e" !- (ll'-
IF TO SELLERS
++ Se)n" Aven/e<$111 Flr
Ne' Yr, NY 10017
Attentin Len Silver!
Tele64ne 2 12*1@*
<700
F!)-i%ile 212*1@*+02E*%!il len-/rrev G/itie-# ) %
++ Se)n" Aven/e
<$1
Flr
Ne' Yr, NY l 0017AttentinTele64neF!)-i%ile E*%!il
!)5 Fr"%!n
212*7<2*<@00
2 12*7<2*0<00
(rv"rn!n8l:#il#'!e&/itii#)%
WITH A COPY TO
reen5er& Tr!/ri&, LLP 2700 T' C%%er)eSG/!re 200 I 3!ret Street P4il!"el64i!, PA 1@10<Attentin R!)4el Bi6ne-, E-G/ireTele64ne 21*@++*7+1@F!)-i%ile 2 1*717*2$<
E*%!il i6ne-r&tl !'#)%
7
9
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Case 2:07-cv-02252-JG Document 1 Filed 06/04/07 Page 25 o! 41
#F P)C=) :
+0 Cr-- Street, ./il"in& 2L!e'", N 0+70 I
Attentin Eli Wein-tein
Tele64ne 7<2*<70*<<2l
F!)-i%ile 7<2*<70*++1 l
E%!il eli0+70 l&%!il#)%
WITH A COPY TO7
Fo> Rt4-)4il" LLP@@7 Len? Drive
L!'ren)eville, N 0+$+Attentin Ant4n Ar&ir6/l-, E-G/ire
Tele64ne 0@*+@*<00F!)-i%ile 0@*+@*1$@E%!il !!r&ir6/l-(?rt4-)4il" #)%
Eit4er 6!rt 4eret %! )4!n&e t4e !""re-- (r nti)e -6e)i(ie" !5ve 5 &ivin& t4e t4er 6!rt
ten 8 I 0; "!- !"v!n)e 'ritten nti)e ( -/)4 )4!n&e ( !""re--#
=C#. *2 T4i- A&ree%ent %! nt 5e !--i&ne" 89 P/r)4!-er 'it4/t Seller:-
e?6re-- 6rir 'rit1en )n-ent, '4i)4 %! 5e 'it44el" in Seller-: -le "i-)retin # An -/)4 6er%itte" !--i&n%ent 'ill 5e e((e)tive nl /6n !--i&nee:- 'ritten !--/%6tin ( !ll (
P/r)4!-er:- 5li&!tin- !n" "/tie- 4ere/n"er# N -/)4 !--i&n%ent 5 P/r)4!-er -4!ll rele!-e t4eP/r)4!-er n!%e" 4erein (r% t4e li!5ilitie-, "/tie-, 5li&!tin-, )ven!nt-, !n" !&ree%ent- ( P/r)4!-er /n"er t4i- A&ree%ent#
SECTION +#< T4i- A&ree%ent -4!ll 5e )n-tr/e" !n" inter6rete" in !))r"!n)e 'it4
t4e l!'- ( t4e C%%n'e!lt4 ( Penn-lv!ni! !n" t4e 5li&!tin- ( t4e 6!rtie- 4eret !re !n"
-4!ll 5e 6er(r%!5le in t4e )/nt in '4i)4 t4e Pr6ert i- l)!te"# W4ere reG/ire" (r 6r6er inter6ret!tin, 'r"- in t4e -in&/l!r -4!ll in)l/"e t4e 6l/r!l t4e %!-)/line &en"er -4!ll in)l/"e
t4e ne/ter !n" t4e (e%inine, !n" vi)e ver-!# T4e ter%- 94eir-, e?e)/tr-, !"%ini-tr!tr- !n"
!--i&n-9 -4!ll in)l/"e 9-/))e--r-, le&!l re6re-ent!tive- !n" !--i&n-#9
SECTION +#$ T4i- A&ree%ent %! nt 5e %"i(ie" r !%en"e", e?)e6t 5 !n
!&ree%ent in 'ritin& -i&ne" 89 Seller !n" P/r)4!-er#
SECTION +# E!)4 6er-n e?e)/tin& t4i- A&ree%ent '!rr!nt- !n" re6re-ent- t4!t 4e i-(/ll !/t4riJe" l " -#
=C#. *6 Ti%e i- ( t4e e--en)e ( t4i- A&ree%ent, -6e)i(i)!ll in)l/"in&,
'it4/t I i%it!tin, 'it4 re-6e)t t !ll 5li&!tin- !n" 6er(r%!n)e ti%e 6eri"- ( P/r)4!-er#
SECTION +#7 In t4e event it 5e)%e- ne)e--!r (r eit4er P!rt 4eret t (ile ! -/it ten(r)e t4i- A&ree%ent r !n 6rvi-in- )nt!ine" 4erein, t4e P!rt 6rev!ilin& in -/)4 !)tin-4!ll 5e entitle" t re)ver re!-n!5le !ttrne-: (ee-, )-t- !n" e?6en-e- in)/rre" in -/)4 -/it 8r in t4e !66e!l ( -/)4 -/it;#
+
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Case 2:07-cv-02252-JG Document 1 Filed 06/04/07 Page 26 o! 41
SECTION +#+ T4e "e-)ri6tive 4e!"in&- ( t4e -ever!l Arti)le-, Se)tin- !n" P!r!&r!64- )nt!ine" i n t4i- A&ree%ent !re in-er te" (r )nvenien)e nl !n" -4!ll nt )ntrl r !((e)t t4e %e!nin& r )n-tr/)tin ( !n ( t4e 6rvi-in- 4ere(#
SECTION +#@ T4i- A&ree%ent, in)l/"in& t4e E?4i5it- 4eret, )n-tit/te- t4e entire
!&ree%ent 5et'een t4e P!rtie- 6ert!inin& t t4e -/5e)t %!tter 4ere( !n" -/6er-e"e- !ll 6rir !n" )nte%6r!ne/- !&ree%ent- !n" /n"er-t!n"in&- ( t4e P!rtie- in )nne)tin 4ere'it4#
N re6re-ent!tin, '!rr!nt, )ven!nt, !&ree%ent r )n"itin nt e?6re--e" in t4i- A&ree%ent-4!ll 5e 5in"in& /6n t4e 6!rtie- 4eret r -4!ll !((e)t r 5e e((e)tive t inter6ret, )4!n&e r re-tri)t t4e 6rvi-in- ( t4i- A&ree%ent#
SECTION *10 N/%er/- )/nter6!rt- ( t4i- A&ree%ent %! 4!ve 5een e?e)/te" 5t4e 6!rtie- 4eret# E!)4 -/)4 e?e)/te" )/nter6!rt -4!ll 4!ve t4e (/ll (r)e !n" e((e)t ( !nr i&in!l e?e)/te" in-tr/%ent#
SECTION * 1 1 Unle-- e?6re--l 6rvi"e" (r 4erein, t4e re6re-ent!tin-, '!rr!ntie-,)ven!nt-, r )n"itin- )nt!ine" in t4i- A&ree%ent -4!ll nt -/rvive t4e Cl-in&#
SECTION +#12 T4i- A&ree%ent -4!ll in/re t t4e 5ene(it ( !n" 5e 5in"in& /6n t4e 6!rtie- 4eret !n" t4eir re-6e)tive 4eir-, le&!l re6re-ent!tive-, -/))e--r-, !n" 6e%1itte"!--i&n-#
SECTION +#1< I( !n "!te ( 6er(r%!n)e 4ere/n"er (!ll- n ! S!t/r"!, S/n"!, r le&!l 4li"! in t4e C%%n'e!lt4 ( Penn-lv!ni!, -/)4 "!te ( 6er(r%!n)e -4!ll 5e"e(erre" t t4e ne?t "! '4i)4 i- nt ! S!t/r"!, S/n"!, r le&!l 4li"! in t4eC%%n'e!lt4 ( Penn-lv!ni!# A 95/-ine-- "!9 -4!ll 5e !n "! t4!t i- nt ! S!t/r"!,S/n"! r ! le&!l 4li"! in t4e C%%n'e!lt4 ( Penn-lv!ni!#
SECTON *14 In )!-e !n ne r %re r t4e 6rvi-in- )nt!ine" in t4i- A&ree%ent-4!ll (r !n re!-n 5e 4el" l 5e inv!li", ille&!l, r /nen(r)e!5le in !n re-6e)t 5 ! )/rt ( )%6etent /ri-"i)tin, -/)4 inv!li"it, ille&!lit, r /nen(r)e!5ilit -4!ll nt !((e)t !n t4er
6rvi-in- 4ere(, !n" t4i- A&ree%ent -4!ll 5e )n-tr/e" !- i( -/)4 inv!li", ille&!l, r /nen(r)e!5le 6rvi-in i- -evere" !n" "elete" (r% t4i- A&ree%ent 6rvi"e", 4'ever , i( -/)4 inv!li", ille&!l r /nen(r)e!5le 6rvi-in 4!- t4e e((e)t ( "il/tin& r 4in"erin& t4ee)n%i) 5ene(it t Seller- ( t4i- A&ree%ent, t4en Seller- -4!ll 4!ve t4e ri&4t t ter%in!tet4i- A&ree%ent !t !n ti%e /6n nti)e 'it4in (i(teen 81; "!- ( Seller-: re)ei6t ( !)t/!ln'le"&e t4ere(
@
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case 2:07-cv-02252-JG Document 1 Filed 06/04/07 Page 27 o! 41
F ax:609896l4fi9
#
?la 2 2007 1 2 P.20
EQECUT#ED n t4i- t4e "! ( ## 2007, 5 Seller#
700 NORTH#DELAWARE, L
! Delaware limited liability
By: 700 PHILLY, LLCBy:. - -1-- -- N!%e !)5 Fr"%!nTitle 3!n!&in& 3e%5er
. H.C NOR:IH DELAWARE
CO3PANY, L#L#C#HOLD IN
By:.
-
- N!#%e
Title
EQECUTED On t4i- t4e 2n" "! ( 3!r)4 2007, 5 P/r)4!-er #
#P/r)4!-er 7
###, #, , # U )#7777,#IV#I****1##
ELI WEINSTEIN
OINDER Fr 6/r6-e- ( 5ein& le&!ll 5/n"
52 t4-e 6rvi-in- )n)ernin& t4e V LLC
700 .) D3) [email protected],LLC
.2# N!%e Eli Wein-teinTitle 3!n!&in& 3e%5er
Crl/i5/n ,ri" S1Dl) Air),,%e% *-l&n7,t!rt
SD3C'Ocld 3Nld
A---A- *****V**
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Case 2:07-cv-02252-JG Document 1 Filed 06/04/07 Page 2" o 41
BCD n t4i- t4e ## 21 C "! ( 3AR : 2007, 5 Seller#
700 NORTH DELA WARE, LLC,
! Del!'!re li%ite" li! 5ilit )%6!n
.
.27 H.C NORTH DELA WARE HOLD(NCO3PANY, L#L#C#
. U
N!%e er&e V!llneTitle 3!n!&in& 3e%5er
/B/C/D on t4i- t4e ######V****** da9 o! -------D 2007< 5 P/r)4!-er#
P)C=):
ELI WEINSTEIN
OINDER Fr 6/r6-e- ( 5ein& le&!ll 5/n"
5 t4-e 6rvi-in- )n)ernin& t4e V LLC
700 NORTH DELAWARE DEVELOP3ENT ROUP, LLC
.27 U
N!%e Eli Wein-tein
Title 3!n!&in& 3e%5er
C111r i5111in !n" S!le A&r)e%)ni * Si&n!t/r8 Pi&PHI 316156550v8 3121200 7
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Case 2:07-cv-02252-JG Document 1 Filed 06/04/07 Page 2" o! 41
BCD n t4i- t4e "! ( U # U, 2007, 5 Seller#
SELLER
700 NORTH DELAWARE, LLC,a Del!'!re li%ite" li!5ilit )%6!n
. 700 PHILLY, LLC
. UU
N!%e !)5 Fr"%!n
Title 3!n!&in& 3e%5er
. H.C NORTH DELAWARE HOLDIN rl, L#L#C#
N!%e er&e V!llneTitle
BCD n t4i- t4e "! ( , 2007, 5 P/r)4!-er#
P)C=):
ELI WEINSTEIN
OINDER Fr 6/r6-e- ( 5ein& le&!ll 5/n"
5 t4-e 6rvi-in- )n)ernin& t4e N LLC
700 NORTH DELAWARE DEVELOP3ENT ROUP, LLC
. U U
N!%e Eli Wein-tein
Title 3!n!&in& 3e%5er
Cnlri5/tin !n" S! A&ree%ent * Si(l!l/r (:!&e
Pl-// 316156550v8 312/2007
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Case 2:07-cv-02252-JG Document 1 Filed 06/04/07 Page '0 o! 41
1+1<Sv2
SIDE AREE3ENT
T4i- A&ree%ent i- %!"e t4i- ! st "! "ar#h 2007, 89 !n" 5et'een 700 NORTH DELAWARE,LLC 89A--i&nr9; !n" ELI WEINSTElN 8::Wein-tein9;#
RECITALS
A# . A--i&n%ent An" A--/%6tin A&ree%ent ( even "!te 4ere'it4 8t4e 9A--i&n%ent9;, A--i&nr i-
!--i&nin& r 4!- !--i&ne" t 700 Nrt4 Del!'!re Devel6%ent r/6, L#P# 89A--i&nee9; A--i&nr:-
ri&4t, title !n" intere-t in !n" t ! )ert!in A&ree%ent ( S!le "!te" !n/!r I , 200, rel!tin& t re!l
6r6ert in P4il!"el64i!, Penn-lv!ni! t4e 9A&ree%ent9;#
.# T4e A--i&n%ent 'ill 5e r '!- entere" int 6/r-/!nt t ! Cntri5/tin !n" S!le A&ree%ent "!te" "ar#h! , 2007, 5 !n" 5et'een A--i&nr !n" Wein-tein 8t4e 9Cntri5/tinA&ree%ent9;# All )!6it!liJe" ter%- /-e" 4erein !n" nt t4er'i-e "e(ine" -4!ll 4!ve t4e %e!nin&- &iven
to t;em in t;e Cntri5/tin A&ree%ent#
C# Un"er t4e ter%- ( t4e A--i&n%ent, A--i&nr 4!- ret!ine" )ert!in ri&4t- /n"er t4e A&ree%ent,in)l/"in& t4e ig;t t ne&ti!te 'it4 t4e C/rrent O'ner- )n)ernin& ! re"/)tin in t4e 6/r)4!-e
6ri)e t 5e 6!i" /n"er t4e A&ree%ent#
D# A--i&nr 4!- !&ree" t 6! t Wein-tein r 4i- !((ili!te" entit ! 5rer!&e !n" (in"er:- (ee ( >2#20,000
8t4e 9Pr(e--in!l Fee9; /6n t4e e?e)/tin !n" "eliver ( t4e Cntri5/tin A&ree%ent !n"l t in)l/"e
!n" -)4e"/le -/)4 (ee !- ! 9C-t !n" E?6en-e9 ( t4e Devel6%ent Pre)t n
E?4i5it D t t4e Cntri5/tin A&ree%ent 8t4e :S)4e"/le9;# V
NOW THEREFORE, t4e 6!rtie- 4eret, inten"in& t 5e le&!ll 5/n" 4ere5, !&ree !- (ll'-
1# On t4e A--i&n%ent D!te, A--i&nr 'ill 6! t4e Pr(e--in!l Fee t Wein-tein , 5/t -/)4
Pr(e--in!l Fee i- "/e !n" 6!!5le nl i! !n" n t4e )n"itin t4!t t4e Cntri5/tin A&ree%ent 5e
e?e)/te" 5 Wein-tein !n" "elivere" t A--i&nr, t&et4er 'it4 !ll 6!%ent- !n" rei%5/r-e%ent- "/e
t4ere/n"er# A--i&nr 4ere5 !/t4riJe- Wein-tein t %!e -/)4 6!%ent- t A--i&nr net ( t4ePr(e--in!l Fee# Wein-tein 4ere5 !)n'le"&e- t4!t t4e Pr(e--in!l Fee i- 5ein& in)l/"e" n t4e S)4e"/le !t Wein-tein:- reG/e-t#
2# On t4e Cl-in& D!te, A--i&nr 'ill 6! t Wein-tein t'ent*(ive 6er)ent 82; ( t4e Di-)/nt
Cn-i"er!tin#
<# In t4e event t4!t A--i&nee (!il- t )l-e /n"er A&ree%ent, t4en, n t4e 5/-ine-- "! (ll'in& t4e "!te n'4i)4 A--i&nee '!- reG/ir e" t )l-e /n"er t4e A&ree%ent, Wein-tein -4!ll rei%5/r-e 4!l( ( t4ePr(e--in!l Fee !n" -4!ll 6! -/)4 -/% 8> l , 12,000; t A--i&nr !- liG/i"!te" "!%!&e- (r A--i&nee:-(!il/re t 6r)ee" t Cl-in&# T4e (r&in& 5li&!tin -4!ll 5e ! 6er-n!l 5li&!tin ( Wein-tein !n" %!
nt 5e "ele&!te" r !--i&ne" 5 Wein-tein t !n t4er 6er-n r entit#
Pl-II 316 158238v2 314 / 2007
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Case 2:07-cv-02252-JG Document 1 Filed 06/04/07 Page #1 o 41
IN WITNESS WHEREOF, t4e 6!rtie- 4eret 4!ve e?e)/te" t4i- A&ree%ent !- ( t4e"! !n" e!r (ir-t !5ve 'ritten#
ASSINOR
700 NORTH DELA WARE, LLC, ! Del!'!reli%ite" li!5ilit )%6!n
. 700 PHILLY,. U
N!%e Jaco8
itle @angaing
. H.C NORTH DELAWARE HOLDIN CO3PANY, L#L#C#
. U
N!%e er&e V!llneTitle 3!n!&in& 3e%5er
700 NORTH DELAWARE DEVELOP3ENT
ROUP, LLC, ! Penn-lv!ni! li%ite" li!5ilit)%6!n
*****. U ##*V*V**V*****VV** ***
N!%e
TitleA-AAA--A--------###***** U U 3!n!&er
PHI 316157602!/1 2126/2007
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Case 2:07-cv-02252-JG Document 1 Filed 06/04/07 Page '2 o! 41
IN WITNESS WHEREOF, t4e 6!rtie- 4eret 4!ve e?e)/te" t4i- A&ree%ent !- ( t4e "!
!n" e!r (ir-t !5ve 'ritten#
ASSINOR
700 NORTH DELAWARE, LLC, ! Del!'!re
li%ite" li!5ilit )%6!n
. 700 PHILLY, LLC. U
N!%e !)5 Fr"%!n
Title 3!n!&in& 3e%5er
. H.C NORTH DELAWAREHOLDIN CO3PANY , , L#L#C#
.
N!%e er&e V!llneTitle 3!n!&in& 3e%5er
700 NORTH DELAWARE DEVELOP3ENTROUP, LLC, ! Penn-lv!ni! li%ite" li!5ilit
)%6!n
. U
N!%e
Title 3!n!&er
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case 2:07-cv-02252-JG Document 1 Filed 06/04/07 Page ''o! 41
Fax:6098!161469 li! r 2 2007 1 0 P.0
IN WITNESS WHEREOF, t4e 6!rtie- 4eret 4!ve e?e)/te" t;is A&ree%ent !- ( t4e"!
nd 9ea !ist a8ove 'ritten# J
ASSINOR l700 NORTH DELAWARE, LLC, !Del!'!reli%ite" li!5ilit comEan9
.27 700 PHI##LY, LLCBy. 1--
-
N!%e !)5 Fr"%!nTitle 3!n!&in& 3e%5er
.
B. -----
N!%e
Title
700 NORTH DELAWARE D LOP3ENT
R#OUl:, LLC, ! Penn-lv!ni! li%ite"li!5ilit )%6!n
+9: **<*-
N!%e7 , #17V
Title 3!n!&er
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EXHIBIT
"B"
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Case 2:07-cv-02252-JG Document 1 Filed 06/04/07 Page '5 o! 41
700 NORTH DELAWARE, LLC
++ Se)n"#Aven/e, <$1
; Flr Ne' Yr, Ne' Yr 1001#7
A6ril <0, 2007
VIA E3AIL AND FEDEQ eli0+70l&%!i#)%;
3r# Eli Wein-tein+0 Cr-- Street, ./il"in& 2
L!e'", N 0+701
Re Cntri5/tin !n" S!le A&ree%ent "!te" 3!r)4 21,
2007 De!r Eli
T4i- letter 'ill )n-tit/te nti)e (r% 700 Nrt4 Del!'!re, LLC ( /r "e(!/lt, in /r
)!6!)it !- 6/r)4!-er, /n"er t4!t )ert!in Cntri5/tin !n" S!le A&ree%ent "!te" 3!r)4 21, 20078t4e 9A&ree%ent9;, !n" entere" int in )nne)tin 'it4 t4e re!l 6r6ert n'n !- 700 Nrt4Del!'!re LLC 8t4e 9Pr6ert9;, l)!te" in P4il!"el64i!, Penn-lv!ni!#
n 6!rti)/l!r, /r (!il/re t %!e t4e "e6-it !n" rei%5/r-e%ent 6!%ent- "/e /n"er t4eA&ree%ent 8!- ! re-/lt ( t4e "i-4nr ( /r )4e)-; in t4e !&&re&!te !%/nt ( >$,00<,2++#0)n-tit/te- ! "e(!/lt /n"er t4e A&ree%ent# T4ere(re, 89 t4i- letter, 'e "e%!n" 6!%ent ( t4!t-/%# ln !""itin, 'e re-erve !ll ( /r ri&4t-#
We !66re)i!te /r 6r%6t !ttentin t t4i- %!tter#
Ver tr/l /r-,
)) Ant4n Ar&ir6/l-, E-G/ire R!)4el Bi6ne-, E-G/ire 8vi!
e%!il;
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Case 2:07-cv-02252-JG Document 1 Filed 06/04/07 Page '6 o! 41
EQHI.IT
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Case 2:07-cv-02252-JG Document 1 Filed 06/04/07 Page '7 o! 41
0"#18#200$ 1':47 F%& SOS 898 1469 FO& 'O()SC)*+ D la 00200<
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ATIO(lNYS AT LAW
@oll: P** o> 52'1< Pin:eton< .J 054' 52'1
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Re 700 Del!'!re Aven/e Nrt4
P4il!"el64i! P W A * * *
De!r 3-# Bi6ne-
I !% 'ritin& t )n(ir% '4!t m9 )lient Eli Wein-tein 4!- !lre!" )n(ir%e" 'it4 LenSilver !, -6e)i(i)!ll t4!t 4e !n" 3r# Silver! 4!" entere" int !n !rr!n&e%ent t4!t %te"r )/re" !n !lle&e" "e(!/lt n t4e 6!rt ( 3r# Wein-tein# T t4e e?tent t4!t !n nti)e ( "e(!/lt ma9 4!ve 5een i--/e" 5 700 Nrt4 Del!'!re Aven/e, LLC r !n %e%5er8-;t4ere(, -/)4 nti)e i- r ee)te"#
3r # Wein-tein re- 6e)t(/ll -/&&e-t t4!t 700 Nrt4 Del!'!re, LLC !n" it- r e-6e)tive%e% 5er- 4!ve !n 6en "i-)/--in )n)ernin& t4i- %!tter in r"er t re-lve !n )n(/-in r %i-)%%/ni)!tin 5et'een 1#4e%#
In !""itin, % ((i)e 4!- in"e6en"entl 5t!ine" -%e r!t4er "i-tre--in& in(r%!tin)n)ernin& t4e -t!t/- ( Jnin& ! 66rv!l (r t4e "evel 6%ent 6re)t# I /n"er-t!n" t4!t !t!n !66e!r!n)e 5e(re P4il!"el64i! :- nin& .!r" ( A"/-t%ent n We"ne-"!, 3!1, t4e Pl!nnin& C%%i--in 'it4"r e' it- -/66rt (r t4e 6re)t !n" ! 6er-nre6re-entin& 4i%-el( !- !n 9'ner9 "i-r/6te" t4e 6r)ee"in&- in-/lte" t4e )4!ir%!n( t4e nin& .!r" ( A"/-t%ent !n" 6/5li)l -t!te" t4!t 4e 4!" n 5li&!tin t 6rvi"e 6!rin & !t t4e 6r e)t !n" 6/5li)l - t!te" t4!t 4e '/l" )4!n&e 4i- 6l!n- tr e%ve 6!rin& (!)ilitie- !t t4e 6re)t# Sin)e t4i- i- ! r!t4er l!r&e )n"%ini/% 6re)t,t4!t t4r e!t "e- nt %!e
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Case 2:07-cv-02252-JG Document 1 Filed 06/04/07 Page ' o! 41
0"#18#200$ 13:4$ F%& 608 896 1469 FO& BO()SC)*+O ,003#003
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-en-e !n" (r!nl, -in)e t4e-e -t!te%ent- 'ere %!"e in t4e 6/5li) 4e!rin&, it i- r!t4er "i-tre--in& t 3r# Wein-tein#
Ple!-e 6rvi"e %e 'it4 !n /6"!te !- t '4ere %!tte1- -t!n" 'it4 re-6e)t t t4e"evel6%ent 6re)t- Jnin& !66rv!l- !n" e?6l!in '4!t 4!66ene" !t We"ne-"!:-!66e!r!n)e 5e(re t4e nin& .!r" A"/-t%ent#
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Case 2:07-cv-02252-JG Document 1 Filed 06/04/07 Page '" o! 41
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reen5er&Tr!/ri&
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F? Rt4-)4il" LLPPrin)etn Pie Cr6r!te Center @@7 Len? Drive, .t1il"in& <
L!'ren)eville, N 0+$+
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Fir-t, t4ere i- n !&ree%ent 5et'een 3r# Wein-tein !n" 3r# Silver! t4!t )/re- r t4er'i-e
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Ant4n Ar&ir6/l-, E-G/ire
3! 1+, 2007P!&e 2
ln -4rt, 700 Nrt4 Del!'!re, LLC reiter!te- t4!t /r )lient, Eli Wein-tein, i- in "e(!/lt ( 4i-5li&!tin- /n"er t4e Cntri5/tin !n" S!le A&ree%ent !n" )ntin/e- 'e t4e Seller ><,00<,2++#0# Until !ll re%!inin& -/%- !re 6!i", 3r# Wein-tein -4/l" nt )n-i"er 4i%-el( t 5e t4e 'ner ( t4e ri&4t- t 6/r)4!-e t4e Pr6ert 8!- "e(ine" in t4e A&ree%ent; # ln !""itin, t4e Seller re-erve- !ll ( it- ri&4t-, in l!' !n" in eG/it, in)l/"in& t4e ri&4t t ter%in!te t4e A&ree%ent#
Ver tr/l /r-,
R!)4el Bi6ne-
RBl-l
)) !)5 Fr"%!n, vi! e%!il Len Silver!, vi! e%!il
E"'!r" Frie"%!n 8vi! F!)-i% ile * <2<*<*<02 I ;
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IN THE U#S#DISTRICTCOURT
FOR THE EASTERN DISTRICT OF PENNSYLVANIA
700 NORTH DELAWARE, LLC2711Centerville R Ste#$00
Wil%in&tn, Del!'!re
v-# CIVL ACTION NO# 07*222
ELI WEINSTEIN+0 Cr-- Street, ./il"in& 2 L!e'", Ne' er-e
De(en"!nt#
CONSENT UD3ENT
WHEREAS Pl!inti(( 700 Nrt4 Del!'!re, LLC !n" De(en"!nt li
Wein-tein 8)lle)tivel, t4e P!rtie-; 4!ve entere" int ! Settle%ent A&ree%ent
89A&ree%entX; ! tr/e !n" )rre)t )6 ( '4i)4 is !tt!)4e" 4eret;I
WHEREAS Pusuant t 14e A&ree%ent t4e P!rtie- 4!ve -ti6/l!te"# !n" !&ree" t
t;e
ent9 ( ! )n-ent /"&%ent 5 t4e C/rt, in (!vr ( 700 Nrt4 Del!'!re, LLC !n"
!&!in-t
Eli Wein-tein /6n t4e ))/rren)e ( ! De(!/lt (as t;at ter% i- "e(ine" in t4e A&ree%ent;
WHEREAS /6n )n-i"er!tin ( t;e Certi(i)!tin 8t4e 9Certi(i)!tin ( 700
Nrt4 Del!'!re, LLC to t;e C/rt ( t4e ))/rren)e ( ! De(!/lt, and (r &" )!/-e
-4'n, it is 4ere5
ORDERED t4!t /"&%ent -4!ll 5e !n" 4ere5 is entere" in (!vr ( 700 Nrt4
Del!'!re, LLC !n" !&!in-t Eli Wein-tein in 14e!%/nt ( > 7,00,000 )n-i-tin& ( t4e
-/% ( >+,000,000 le-- !n 6!%ent- 6revi/-l %!"e 5 Eli Wein-tein t 700 Nrt4
case 2:07-cv-02252-JG C Document 42 Filed 0/05/0 Page 2 o! 2
0"#0S#200B 20:4$ 000-000-0000 P% 01#02
Del!'!re, LLC in !))r"!n)e 'it4 t4e Certi(i)!tin, 'it4 intere-t t
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!))r/e (r% t4e "!te t4e P!rtie- -i&n t4i- Cn-ent /"&%ent, !t t4e
-t!t/tr 6-t /"&%ent r!te, !n" -e!-n!5le )-t- ( )lle)tin#
T4e P!rtie- 4ere5 )n-ent t t4e (r% !n" -/5-t!n)e- ( t4e
!5ve Cn-ent /"&%ent# T4e P!rtie- (/rt4er !&ree t4!t t4i- Hnr!5le
C/rt %! re)r" t4e Cn-ent /"&%ent /6n t4e ))/rren)e ( !
De(!/lt#
M
r!
* Eli Wein-tein