Document:

Exhibit 4.1

PROOF PROOF   PROOF PROOF PROOF PROOF PROOF N U M B E R SHARES WSPT Workspace property   trust A REAL ESTATE INVESTMENT TRUST FORMED UNDER THE LAWS OF THE STATE OF   MARYLANDSEE REVERSE FOR CERTAIN DEFINITIONS C o M M o n s h a r e s o f B e n   e f i C i a L i n T e r e s T CUSIP This CerTifies ThaT: PROOF is The owner   of FULLY PAID AND NON-ASSESSABLE COMMON SHARES OF BENEFICIAL INTEREST, $0.01   PAR VALUE, OF Workspace property trust (the “Trust”), transferable on the   books of the Trust by the holder hereof in person or by its duly authorized   attorney upon surrender of this Certificate properly endorsed. This   Certificate and the shares represented hereby are issued and shall be held   subject to all of the provisions of the Declaration of Trust and Bylaws of   the Trust and any amendments thereto. This Certificate is not valid unless   countersigned and registered by the Transfer Agent and Registrar. IN WITNESS   WHEREOF, the Trust has caused this Certificate to be executed on its behalf   by its duly authorized officers. DATED: COUNTERSIGNED: BY: BROADRIDGE   CORPORATE ISSUER SOLUTIONS, INC. 1717 ARCH ST., STE. 1300, PHILADELPHIA, PA   19103 TRANSFER AGENT AUTHORIZED SIGNATURE CHAIRMAN AND CHIEF EXECUTIVE   OFFICERPRESIDENT, CHIEF OPERATING OFFICER AND SECRETARY 

    

 

 

WORKSPACE   PROPERTY TRUST The following abbreviations, when used in the inscription on   the face of this certificate, shall be construed as though they were written   out in full according to applicable laws or regulations: TEN COM - as tenants   in commonUNIF GIFT MIN ACT -   ....................Custodian.................... TEN ENT - as tenants by the   entireties(Cust)(Minor) JT TEN-as joint tenants with right ofunder Uniform   Gifts to Minors survivorship and not as tenantsAct   ................................................... in common(State)   Additional abbreviations may also be used though not in the above list. For   Value Received, hereby sell, assign and transfer unto PLEASE INSERT SOCIAL   SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE (PLEASE PRINT OR TYPE NAME   AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) Shares of the stock represented   by the within Certificate, and do hereby irrevocably constitute and appoint   Attorney to transfer the said stock on the books of the within named Trust   with full power of substitution in the premises. Dated Signature(s)   Guaranteed NOTICE: THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE   NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT   ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER. By The Signature(s) must   be guaranteed by an eligible guarantor institution (Banks, Stockbrokers,   Savings and Loan Associations and Credit Unions with membership in an   approved Signature Guarantee Medallion Program), pursuant to SEC Rule   17Ad-15. COLUMBIA PRINTING SERVICES, LLC - www.stockinformation.comExhibit 10.2

 

CONTRIBUTION AGREEMENT

 

THIS CONTRIBUTION AGREEMENT (the “Agreement”), dated as of November   , 2017 (the “Effective Date”), is made and entered into by and among WORKSPACE PROPERTY TRUST, L.P., a Delaware limited partnership (the “Partnership”), and the partners of Workspace Property Management, L.P., a Delaware limited partnership (“WPM”), listed on Exhibit A attached hereto (each a “Contributor” and collectively, the “Contributors”).

 

W  I  T  N  E  S  S  E  T  H:

 

WHEREAS, the Partnership is the operating partnership of Workspace Property Trust, a Maryland real estate investment trust (the “REIT”), and the REIT is the sole general partner of the Partnership;

 

WHEREAS, the REIT will elect to be treated as a real estate investment trust for Federal income tax purposes beginning with its taxable year ending December 31, 2017;

 

WHEREAS, concurrently with the execution of this Agreement, the REIT is consummating the initial closing of an initial public offering (the “IPO”) of common shares of beneficial interest, $0.01 par value per share (the “Common Shares”) of the REIT;

 

WHEREAS, the Contributors comprise the general partner and all of the limited partners of WPM and are, collectively, the owners of 1,250 partnership units of WPM, which units represent 100% of the issued and outstanding partnership interests of WPM (the “Contributed Units”);

 

WHEREAS, the Contributors are parties to that certain Agreement Regarding Formation Transactions, dated as of October 13, 2017, pursuant to which, among other things, each Contributor agreed to contribute the number of Contributed Units set forth opposite such Contributor’s name on Exhibit A attached hereto to the Partnership, in exchange for an aggregate number of common units of limited partnership interest in the Partnership (“OP Units”) equivalent in value to six (6) times WPM’s trailing 12 calendar months gross revenue (such number of OP Units to be determined by dividing such amount by the IPO offering price of the Common Shares set forth in the final prospectus for the IPO);

 

WHEREAS, following the contribution of the Contributed Units to the Partnership, the Partnership shall directly own 100% of the partnership interests in WPM, which will then be immediately liquidated and dissolved;

 

WHEREAS, each Contributor desires to contribute to the Partnership the number of Contributed Units set forth opposite such Contributor’s name on Exhibit A attached hereto; and

 

WHEREAS, the Partnership desires to accept the Contributed Units of each Contributor and to issue to each Contributor the number of OP Units set forth opposite such Contributor’s name on Exhibit A attached hereto in exchange therefor.

 

 

NOW, THEREFORE, in consideration of the mutual covenants and obligations hereinafter set forth and good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

 

1.                                      Contribution.  The Contributor hereby contributes, transfers, assigns, conveys and delivers to the Partnership, as of the Effective Date, all of its right, title and interest in and to the Contributed Units, free and clear of any mortgages, pledges, liens, options, charges, security interests, mortgage deed, restrictions, prior assignments, encumbrances, licenses, easements, or voting agreements, created by or resulting from any act or omission to act of the Contributor or any controlling affiliate of such Contributor.

 

2.                                      Acceptance of the Contributed Units; Issuance of the Interest in the Partnership.

 

(a)                                 The Partnership hereby accepts the contribution, assignment, transfer, conveyance and delivery of the Contributed Units, and in consideration therefor, hereby issues to each Contributor the number of OP Units set forth opposite such Contributor’s name on Exhibit A (collectively, the “Issued OP Units”).

 

(b)                                 The Partnership hereby covenants and agrees to fulfill, perform, discharge and assume the liabilities and obligations of the Contributors with respect to the Contributed Units arising from and after the Effective Date.

 

3.                                      Code Section 721 Treatment.    For all income tax purposes, each Contributor and the Partnership intend that the contribution of the Contributed Units shall be treated as a tax-deferred contribution pursuant to Section 721 of the Internal Revenue Code of 1986, as amended, and the Treasury regulations promulgated thereunder.

 

4.                                      Governing Law; Submission to Jurisdiction; Waiver of Jury Trial.

 

(a)                                 This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Delaware and not by choice of law principles or the laws of any other State.

 

(b)                                 Each party hereto hereby submits to the exclusive jurisdiction of any United States Federal Court sitting in New York County or New York State Court located in New York County in any action or proceeding arising out of or relating to this Agreement.

 

(c)                                  EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, A TRIAL BY JURY IN ANY ACTION ARISING OUT OF MATTERS RELATED TO THIS AGREEMENT, WHICH WAIVER IS INFORMED AND VOLUNTARY.

 

5.                                      Entire Agreement.  This Agreement, embodies the entire agreement and understanding of the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings between the parties.

 

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6.                                      Counterparts.  This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which together shall be deemed to be one and the same agreement.

 

7.                                      Further Assurances.  Each party will do such acts, and execute and deliver to any other party such additional documents or instruments as may be reasonably requested in order to effect the purposes of this Agreement and to better assure and confirm to the requesting party its rights, powers and remedies under this Agreement.

 

[Remainder of page intentionally left blank; signature page follows]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date first above written.

 

	
 
    	
 
    	
PARTNERSHIP:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Workspace Property   Trust, L.P., a   Delaware limited partnership
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:   Workspace Property Trust, its sole General Partner
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    	
 
    
	
 
    	
 
    	
Title:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
CONTRIBUTORS:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
RV PM GP, LLC, a Delaware limited liability company
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By: RV Office, LLC, its managing member
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    	
*
    
	
 
    	
 
    	
Name:
    	
Thomas A.   Rizk
    
	
 
    	
 
    	
Title:
    	
Chief   Executive Officer
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Forum Partners   Investment Management, LLC a   Delaware limited liability company
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    	
*
    
	
 
    	
 
    	
Name:
    	
 
    
	
 
    	
 
    	
Title:
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
EW Horsham, LLC, a Delaware limited liability company
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    	
*
    
	
 
    	
 
    	
Name:
    	
 
    
	
 
    	
 
    	
Title:
    	
 
    

 

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Everwatch Capital   II, LP, a Delaware limited partnership
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    	
*
    
	
 
    	
 
    	
Name:
    	
 
    
	
 
    	
 
    	
Title:
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Everwatch Capital   III, LP, a Delaware limited partnership
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    	
*
    
	
 
    	
 
    	
Name:
    	
 
    
	
 
    	
 
    	
Title:
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
JMP Asset   Management LLC, a   Delaware limited liability company
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    	
*
    
	
 
    	
 
    	
Name:
    	
 
    
	
 
    	
 
    	
Title:
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
SSOP Management,   LLC, a Delaware limited liability   company
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    	
*
    
	
 
    	
 
    	
Name:
    	
 
    
	
 
    	
 
    	
Title:
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
* By:
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
                                              ,   Attorney-in-fact
    	
 
    	
 
    	
 
    
							

 

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EXHIBIT A

 

CONTRIBUTED UNITS AND ISSUED OP UNITS

 

	
CONTRIBUTORS
    	
 
    	
CONTRIBUTED
   UNITS
    	
 
    	
ISSUED OP UNITS
    
	
General Partner
    
	
RV PM GP, LLC

700 Dresher Road

Suite 150

Horsham PA 19044
    	
 
    	
1.000
    	
 
    	
 
    
	
Limited Partners
    
	
RV Office, LLC

c/o Rizk Ventures

1540 Broadway

New York, NY 10036
    	
 
    	
574.000
    	
 
    	
 
    
	
Forum Partners Investment Management, LLC

c/o Forum Members

1st Floor, 16 Berkeley Street

London, W1J8DZ
    	
 
    	
225.000
    	
 
    	
 
    
	
EW Horsham, LLC

8 Sound Shore Drive, Suite 200

Greenwich, CT 06830
    	
 
    	
4.900
    	
 
    	
 
    
	
Everwatch Capital II, LP

8 Sound Shore Drive, Suite 200

Greenwich, CT 06830
    	
 
    	
47.550
    	
 
    	
 
    
	
Everwatch Capital III, LP

8 Sound Shore Drive, Suite 200

Greenwich, CT 06830
    	
 
    	
47.550
    	
 
    	
 
    
	
JMP Asset Management LLC

600 Montgomery Street, Suite 1100

San Francisco, CA 94111
    	
 
    	
100.000
    	
 
    	
 
    
	
SSOP Management, LLC
    	
 
    	
250.000
    	
 
    	
 
    
	
Total
    	
 
    	
1,250.000
    	
 
    	
 
    

 

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