Company: CLPR
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001437749-25-025574
Chunk: 7

Company: Clipper Realty Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part II, Item 1A
Chunk 7
---
 or indirectly, in the same business activities or similar business activities or lines of business in which we or our subsidiaries engage or propose to engage or to refrain from otherwise competing with us, and therefore may compete with us for investments in properties and for tenants. These individuals also may pursue acquisition opportunities that may be complementary to our business, and, as a result, those acquisition opportunities may not be available to us.

We and members of our senior management may also determine to enter into joint ventures or co-investment relationships with respect to one or more properties. As a result of the foregoing, there may at times be a conflict between the interests of members of our senior management and our business interests. Further, although David Bistricer, JJ Bistricer and Jacob Schwimmer will devote such portion of their business time and attention to our business as is appropriate and will be compensated on that basis, under their employment agreements, they will also devote substantial time to other business and investment activities.

39

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

See Note 4, Notes Payable, to Condensed Consolidated Financial Statements (Unaudited) included in Part I of this Form 10-Q for information related to 141 Livingston Street property and 250 Livingston Street property.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER

None.

ITEM 6. EXHIBITS

  Exhibit         Description                                                                                                                                                            
                                                                                                                                                                                         
  Number                                                                                                                                                                                 
  ***10.1         Purchase and Sale Agreement dated April 2, 2025 between 10 West 65 Owner LLC and purchaser of 10 West 65 th Street                                                     
  ***10.2         Assignment of Purchase and Sale agreement dated April 2, 2025 to 10 W65, LLC                                                                                           
  *10.5           Dean Owner LLC Multifamily Loan and Security Agreement with MF1 Capital LLC dated May 2, 2025                                                                          
  *10.6           Dean Member LLC Mezzanine Multifamily Loan and Security Agreement with MF1 Capital dated May 2, 2025                                                                   
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  *10.3           2025 Omnibus Incentive Compensation Plan                                                                                                                               
  *10.