Document:

Contribution Agreement (Malkin Group)

 Exhibit 10.8 
 CONTRIBUTION AGREEMENT 
 by and among 

Empire Realty Trust, L.P., 
 Empire Realty Trust, Inc. 
 and 

the persons and entities included in the Malkin Family Group listed on the signature pages hereto 

Dated as of November 28, 2011 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	PAGE	 
			
	 ARTICLE 1.
	  	 CONTRIBUTION
	  	 	2	  
			
	 Section 1.1
	  	 Contribution of Contributed Interests
	  	 	2	  
	 Section 1.2
	  	 Designation of Assignee
	  	 	2	  
	 Section 1.3
	  	 Consideration
	  	 	3	  
	 Section 1.4
	  	 Tax Treatment
	  	 	4	  
	 Section 1.5
	  	 Malkin Family Contributor Consent
	  	 	5	  
	 Section 1.6
	  	 Term of Agreement
	  	 	5	  
			
	 ARTICLE 2.
	  	 CLOSING
	  	 	5	  
			
	 Section 2.1
	  	 Conditions Precedent
	  	 	5	  
	 Section 2.2
	  	 Time and Place; Closing and IPO Closing
	  	 	7	  
	 Section 2.3
	  	 Closing Deliveries
	  	 	7	  
	 Section 2.4
	  	 IPO Closing Deliveries
	  	 	8	  
	 Section 2.5
	  	 Closing Costs
	  	 	8	  
			
	 ARTICLE 3.
	  	 REPRESENTATIONS AND WARRANTIES
	  	 	8	  
			
	 Section 3.1
	  	 Representations and Warranties with Respect to the Company and the Operating Partnership
	  	 	8	  
	 Section 3.2
	  	 Representations and Warranties of the Malkin Family Contributors
	  	 	10	  
			
	 ARTICLE 4.
	  	 COVENANTS
	  	 	14	  
			
	 Section 4.1
	  	 Covenants of the Malkin Family Contributors
	  	 	14	  
	 Section 4.2
	  	 Indemnification
	  	 	15	  
	 Section 4.3
	  	 Commercially Reasonable Efforts
	  	 	15	  
			
	 ARTICLE 5.
	  	 MISCELLANEOUS
	  	 	15	  
			
	 Section 5.1
	  	 Defined Terms
	  	 	15	  
	 Section 5.2
	  	 Notices
	  	 	18	  
	 Section 5.3
	  	 Counterparts
	  	 	19	  
	 Section 5.4
	  	 Entire Agreement; Third-Party Beneficiaries
	  	 	19	  
	 Section 5.5
	  	 Governing Law
	  	 	20	  
	 Section 5.6
	  	 Amendment; Waiver
	  	 	20	  
	 Section 5.7
	  	 Assignment
	  	 	20	  
	 Section 5.8
	  	 Jurisdiction
	  	 	20	  
	 Section 5.9
	  	 Severability
	  	 	20	  
	 Section 5.10
	  	 Rules of Construction
	  	 	21	  
	 Section 5.11
	  	 Time of the Essence
	  	 	21	  
	 Section 5.12
	  	 Descriptive Headings
	  	 	21	  
	 Section 5.13
	  	 No Personal Liability Conferred
	  	 	21	  

  
 i 

							
	 Section 5.14
	  	 Changes to Form Agreements
	  	 	21	  
	 Section 5.15
	  	 Further Assurances
	  	 	22	  
	 Section 5.16
	  	 Reliance
	  	 	22	  
	 Section 5.17
	  	 Survival
	  	 	22	  
	 Section 5.18
	  	 Equitable Remedies; Limitation on Damages
	  	 	22	  

 EXHIBITS 
  

			
	A	  	Malkin Family Contributors, Public Contributing Entities and Participation Interests
		
	B	  	Form of Registration Rights Agreement
		
	C	  	Form of Lock-Up Agreement

  
 ii 

 CONTRIBUTION AGREEMENT 

THIS CONTRIBUTION AGREEMENT (including all exhibits, hereinafter referred to as this “Agreement”) is made and entered
into as of November 28, 2011 (the “Effective Date”) by and among Empire Realty Trust, Inc., a Maryland corporation (the “Company”), Empire Realty Trust, L.P., a Delaware limited partnership (the
“Operating Partnership”), Malkin Holdings LLC (the “Supervisor”) and the other Persons affiliated with the Malkin Family Group (defined below) set forth on the signature pages hereto (individually, a
“Malkin Family Contributor” and collectively, the “Malkin Family Contributors”). Terms used but not defined shall have the meanings ascribed to them in Section 5.1. 

RECITALS 
 A.
WHEREAS, in conjunction with the Company’s formation transactions and the initial public offering of the Company (the “IPO”), the Company desires, among other things, (1) to consolidate (a) the ownership of the
Participation Interests held by the Participants in 20 limited liability companies and limited partnerships (the “Private Contributing Entities”) and three limited liability companies that are Public Entities (the “Public
Contributing Entities” together with the Private Contributing Entities, the “REIT Contributing Entities”) which own fee, ground leasehold interests or operating leasehold interests in the 18 real properties and the two
acres of vacant land as described in each REIT Contributing Entity’s Consent Solicitation Statement/Offering Memorandum or the Prospectus Supplement to Prospectus/Consent Solicitation Statement included in the registration statement on Form
S-4, as applicable (each, a “Consent Solicitation”) and (b) Malkin Holdings LLC, Malkin Properties, L.L.C., Malkin Properties of New York, L.L.C., Malkin Properties of Connecticut, Inc. and Malkin Construction Corp. (the
“Management Companies”) and (2) to have an option (the “Option Transaction”) to acquire the interests owned by three limited liability companies (the “Optional Contributing Entities”) which may
be exercised upon the final resolution of certain ongoing litigation with respect to the real properties owned by such companies. Such consolidations into the Company and/or the Operating Partnership will be completed immediately prior to or
concurrently with the completion of the IPO (as more particularly described below and in the Consent Solicitations (collectively, the “Consolidation Transaction”) pursuant to various contribution agreements (the
“Contribution Agreements”) by and among the Company, the Operating Partnership and the applicable REIT Contributing Entity, and merger agreements by and among the Company, the Operating Partnership and the applicable Management
Company. 
 B. WHEREAS, the Consolidation Transaction and the Option Transaction will entail, among other things, a series of
transactions, pursuant to which the REIT Contributing Entities, the Optional Contributing Entities (if the Company exercises the related option) and/or their Participants, and the equity holders of the Management Companies, will receive, as
applicable, units of limited partnership interests (the “OP Units”) to be issued by the Operating Partnership, shares of Class A Common Stock of the Company, par value $0.01 per share (the “Class A Common
Stock”), to be issued by the Company, shares of Class B Common Stock of the Company, par value $0.01 per share (the “Class B Common Stock,” and together with the Class A Common Stock, the “Common
Stock”), to be issued by the Company and/or cash (subject to a cap), which (to the extent received by the REIT Contributing Entities and not directly by the Participants or equity holders, as the case may be, therein) will each be
distributed 

  
 1 

 
to the Participants or equity holders, as the case may be, therein. The holder of a Participation Interest in a REIT Contributing Entity, as applicable, is referred to individually as a
“Participant” and collectively as the “Participants.” 
 C. WHEREAS, the Malkin Family
Contributors hold the Participation Interests in the Public Contributing Entities as set forth on Exhibit A, and each Malkin Family Contributor desires to consent to the Consolidation Transaction in respect of the applicable Public
Contributing Entity in which such Malkin Family Contributor holds Participation Interests on the Effective Date prior to the mailing of the Consent Solicitations. 
 D. WHEREAS, the Supervisor, which is included in the definition of Malkin Family Contributors, holds override interests, including the rights to receive distributions under the voluntary capital
transaction override program (as described more fully in the Consent Solicitations) on account of interests held by certain of the Participants in the Public Contributing Entities who have voluntarily consented to such program (collectively, the
“Override Interests”). 
 E. WHEREAS, at the Closing, the Malkin Family Contributors desire to transfer all of
its Participation Interests as set forth on Exhibit A and the Supervisor desires to transfer its rights to receive distributions on account of the Override Interests in the Public Contributing Entities (such Participation Interests and
Override Interests to be so transferred collectively, the “Contributed Interests”), directly to the Operating Partnership or a Subsidiary thereof for OP Units and Class B Common Stock in lieu of the process described in Recital B
above (the “Contributions”). 
 NOW, THEREFORE, for and in consideration of the foregoing premises and the
mutual undertakings set forth below, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 TERMS OF AGREEMENT 
 ARTICLE 1. 

CONTRIBUTION 

Section 1.1 Contribution of Contributed Interests. At the Closing and subject to the terms and conditions contained in this
Agreement, the Malkin Family Contributors shall contribute, transfer, assign, convey and deliver to the Operating Partnership, and the Operating Partnership shall acquire and accept, all right, title and interest held by the applicable Malkin Family
Contributor in the Contributed Interests (other than Excluded Assets) directly, free and clear of all Liens. 
 Section 1.2
Designation of Assignee. The Operating Partnership reserves the right, by written notice to the Malkin Family Contributors, to reallocate any of the Contributed Interests slated for acquisition by the Operating Partnership pursuant to this
Agreement, such that the Contributed Interests will instead be contributed to and acquired by the Company or any Subsidiary of the Company or the Operating Partnership; provided that such reallocation does not adversely affect the Tax
treatment of the Contributions contemplated herein. 

  
 2 

 Section 1.3 Consideration. 

(a) At the Closing, the Operating Partnership shall, in exchange for the transfer of the Contributed Interests, issue to the applicable
Malkin Family Contributor or its designee the number of OP Units and shares of Class B Common Stock equal to, as applicable, each Malkin Family Contributor’s portion (based on percentage ownership) of the “Value” of the respective
Public Contributing Entity (as will be determined in accordance with such Public Contributing Entity’s Contribution Agreement, its Organizational Documents and its Consent Solicitation) including any amount distributable on account of the
Override Interests (such amounts described above in respect of all Contributed Interests in the aggregate, the “Total Consideration”); provided that only one share of Class B Common Stock may be issued for every 50 OP Units
(i.e., such Malkin Family Contributor would receive one share of Class B Common Stock and 49 OP Units). 
 (b) No fractional
shares of OP Units or Class B Common Stock shall be issued to a Malkin Family Contributor pursuant to this Agreement. If aggregating all OP Units or shares of Class B Common Stock that a Malkin Family Contributor otherwise would be entitled to
receive as a result of the Consolidation Transaction would require the issuance of a fractional OP Unit or share of Class B Common Stock, in lieu of such fractional OP Unit or fractional share of Class B Common Stock, the applicable Malkin
Family Contributor shall be entitled to receive one OP Unit or one share of Class B Common Stock for each fractional OP Unit or share of Class B Common Stock of 0.50 or greater. Neither the Operating Partnership nor the Company will issue
an OP Unit or share of Class B Common Stock, respectively, for any fractional share of OP Unit or Class B Common Stock, respectively, of less than 0.50. 
 (c) As soon as practicable following the determination of the IPO Price and prior to the Closing, all calculations relating to the Total Consideration shall be performed in good faith by, or under the
direction of, the Company and the Operating Partnership, and, absent manifest error, shall be final and binding upon the Malkin Family Contributors. 
 (d) The parties acknowledge that the transfer pursuant to this Section 1.3 of (i) OP Units shall be evidenced by an amendment (the “Amendment”) to the OP Agreement
admitting Malkin Family Contributors receiving OP Units hereunder as limited partners of the Operating Partnership and (ii) the Class B Common Stock shall be evidenced through the electronic registration of such Class B Common Stock with the
Depository Trust Company, a New York corporation or in a different form to be determined by the Company (“Registered REIT Stock”), in such names as each Malkin Family Contributor shall direct. Each Malkin Family Contributor that
will receive OP Units shall be instructed to execute, in connection with its consent to the transactions contemplated by this Agreement, an agreement to become a party to and be bound by the OP Agreement. The Operating Partnership may withhold
distribution of any OP Units to any Malkin Family Contributor until such Malkin Family Contributor executes an agreement to be become a party to and be bound by the OP Agreement. 

(e) Each Public Contributing Entity must distribute certain cash, if any, held on or prior to the Closing Date to its Participants
(including the respective Malkin Family Contributor) in accordance with the provisions of the applicable Organizational Documents and the Contribution Agreement of such Public Contributing Entity (together with Excluded Assets

  
 3 

 
as defined in each Public Entity’s Contribution Agreement, the “Excluded Assets”). The Operating Partnership agrees and acknowledges that none of the Excluded Assets, nor
any right, title or interest of the applicable Public Contributing Entity or Participant therein, shall be deemed to constitute a part of the assets and liabilities contributed to the Operating Partnership, and that such assets and liabilities will
be retained by such Public Contributing Entity or such Participant at the Closing. The Operating Partnership agrees and acknowledges that (i) each such Public Contributing Entity must transfer or distribute the Excluded Assets to its
Participants (including the respective Malkin Family Contributor) at any time and from time to time prior to or at the Closing and after the Closing (in which case, such assets shall be held by the Operating Partnership for the benefit of the
applicable Malkin Family Contributor and the respective Subsidiary of the Operating Partnership that is a nominal transferee of the Contributed Interests pursuant to this Agreement shall assign to the applicable Malkin Family Contributor such Malkin
Family Contributor’s portion of such distributions) and (ii) the applicable Malkin Family Contributor shall be entitled to its respective share of any distributions (including distributions of Excluded Assets) made by each Public
Contributing Entity in respect of the Participation Interests contributed by such Malkin Family Contributor. 
 Section 1.4
Tax Treatment. 
 (a) So long as some portion of the Total Consideration is in the form of OP Units, the parties intend
and agree that the Contributions by Malkin Family Contributors pursuant to the Consolidation Transaction, for U.S. federal income tax purposes, shall constitute an “assets over” partnership merger of the Public Contributing Entity and the
Operating Partnership within the meaning of Treasury Regulation Section 1.708-1(c)(3)(i) and, as a result, that (i) any distribution of Class B Common Stock to a Malkin Family Contributor who receives solely Class B Common Stock in respect
of its Contributed Interest in the relevant Public Contributing Entity shall be treated as a sale by such Malkin Family Contributor of its Contributed Interest in such Public Contributing Entity and a purchase by the Operating Partnership of such
Contributed Interest for the Class B Common Stock received by such Malkin Family Contributor in accordance with Treasury Regulation Section 1.708-1(c)(4), (ii) any distribution of Class B Common Stock to a Malkin Family Contributor who
receives a combination of OP Units and/or Class B Common Stock in respect of its Contributed Interest in the relevant Public Contributing Entity shall be treated (a) as a reimbursement of capital expenditures under Treasury Regulation
Section 1.707-4(d), to the extent that the fair market value of such Class B Common Stock does not exceed such Malkin Family Contributor’s proportionate share of the capital expenditures of such Public Contributing Entity to be specified
on Schedule 1.9 (which shall be provided on or prior to the Closing Date) and (b) as a sale by such Malkin Family Contributor of its Participation Interest in the Public Contributing Entity and a purchase by the Operating
Partnership of such Contributed Interest in accordance with Treasury Regulation Section 1.708-1(c)(4), to the extent (if any) that the fair market value of such Class B Common Stock exceeds such Malkin Family Contributor’s proportionate
share of the capital expenditures of such Public Contributing Entity as of the Closing Date as will be specified on a schedule to be provided on or prior to the Closing Date). At or prior to the Closing Date, the parties will agree to a revision of
such schedule reflecting the capital expenditures that each Contributing Entity will have incurred as of the Closing Date. Each such Malkin Family Contributor who accepts such Class B Common Stock explicitly agrees to the treatment described in the
preceding clauses (i) and (ii) as a condition to receiving such Class B 

  
 4 

 
Common Stock. The portion of any transfer, assignment and exchange of Contributed Interests for OP Units by a Malkin Family Contributor effectuated pursuant to this Agreement shall constitute a
“Capital Contribution” by the Public Contributing Entity to the Operating Partnership pursuant to Article IV of the OP Agreement and is intended to be treated, for U.S. federal income tax purposes, as a contribution to a partnership
pursuant to Section 721 of the Code. 
 (b) Each Malkin Family Contributor and the Operating Partnership hereby agree to
the U.S. federal income tax treatment described in this Section 1.4, and neither the Malkin Family Contributors nor the Operating Partnership shall maintain a position on their respective U.S. federal income tax returns or otherwise
that is inconsistent therewith. 
 (c) The Company and the Operating Partnership shall be entitled to deduct and withhold from
any portion of the Total Consideration to be distributed to a Malkin Family Contributor such amount as it is required to deduct and withhold from such payment under the Code or any provision of U.S. federal, state, local or foreign Tax Law. To the
extent that amounts are withheld by the Company or the Operating Partnership, such amounts shall be treated for all purposes of this Agreement as having been paid to such Malkin Family Contributor in respect of which such deduction and withholding
was made by the Company or the Operating Partnership. 
 Section 1.5 Malkin Family Contributor Consent. Each Malkin
Family Contributor agrees that it will consent to (and not revoke its consent to) (a) the Consolidation Transaction, including an Alternate Transaction and (b) a third-party portfolio sale proposal (“Portfolio Sale”) (each
as more fully described in the Consent Solicitations) in respect of the Public Contributing Entity in which it holds a Contributed Interest. 
 Section 1.6 Term of Agreement. If the Closing does not occur by December 31, 2014 (the “Termination Date”), or such earlier time as the Company determines not to proceed
with the IPO, this Agreement shall be deemed terminated and shall be of no further force and effect and none of the Company, the Operating Partnership or any Malkin Family Contributor shall have any further obligations hereunder except as
specifically set forth in this Agreement. 
 ARTICLE 2. 
 CLOSING 
 Section 2.1 Conditions Precedent. 

(a) Condition to Each Party’s Obligations. The obligations of each party to effect the transactions with respect to each
Contribution of a Contributed Interest contemplated hereby shall be subject to the satisfaction or waiver of the following conditions: 
 (i) No order, statute, rule, regulation, executive order, injunction, stay, decree, judgment or restraining order shall have been enacted, issued, entered, promulgated or enforced by any court of
competent jurisdiction or Governmental Authority that prohibits the consummation of the transactions with respect to such Contribution contemplated hereby (which condition may not be waived by any party), nor shall any proceeding brought by a
Governmental Authority of competent jurisdiction be pending that seeks the foregoing; 

  
 5 

 (ii) The IPO Closing shall have occurred simultaneously with the Closing (or the Closing
shall occur prior to, but conditioned upon the immediate subsequent occurrence of, the IPO Closing) and the Class A Common Stock shall have been approved for listing on the New York Stock Exchange or another national securities exchange,
subject only to official notice of issuance. This condition may not be waived by any party; and 
 (iii) With respect to each
Public Contributing Entity in which a Malkin Family Contributor owns a Contributed Interest, the closing of such Public Contributing Entity’s participation in the Consolidation Transaction pursuant to its Contribution Agreement shall have
occurred. 
 (b) Conditions to Obligations of the Company and the Operating Partnership. The obligations of the Company
and Operating Partnership to effect a Contribution transaction of a Contributed Interest contemplated hereby shall be subject to the satisfaction or waiver of the following conditions with respect to such Contributed Interest (it being understood
that the provisions of Section 2.1(a) and this Section 2.1(b) shall be the only conditions to the obligations of the Company and the Operating Partnership with respect to such Contribution and that, without limiting any
Malkin Family Contributor’s duties, covenants or obligations expressed elsewhere in this Agreement, the provisions of Section 2.1(a) and this Section 2.1(b) shall be only conditions to Closing and shall not independently
create any additional covenants on the part of such Malkin Family Contributor): 
 (i) The representations and warranties of
the Malkin Family Contributors contained in this Agreement shall be true and correct in all material respects at the Closing Date as if made again at that time (except to the extent that any representation or warranty speaks as of an earlier date,
in which case it must be true and correct only as of that earlier date); 
 (ii) Each Malkin Family Contributor shall have
performed in all material respects all agreements and covenants required by this Agreement to be performed or complied with by it on or prior to the Closing Date; and 
 (iii) Each Malkin Family Contributor shall have executed and delivered to the Company the documents required to be delivered by it pursuant to Sections 2.3 and 2.4 hereof. 

Any or all of the foregoing conditions may be waived by the Operating Partnership on behalf of itself and the Company in its sole and
absolute discretion. 
 (c) Conditions to Obligations of the Malkin Family Contributors. The obligations of each Malkin
Family Contributor to effect the transactions contemplated hereby shall be subject to the satisfaction or waiver of the following conditions (it being understood that the provisions of Section 2.1(a) and this Section 2.1(c)
shall be the only conditions to the obligations of such entities and that, without limiting any of the Company’s or the Operating Partnership’s duties, covenants or obligations expressed elsewhere in this Agreement, the provisions of
Section 2.1(a) and this Section 2.1(c) shall be only conditions to Closing and shall not independently create any additional covenants of the Company or the Operating Partnership): 

(i) The representations and warranties of each of the Operating Partnership and the Company contained in this Agreement shall be true
and correct at the Closing Date as if made again at that time (except to the extent that any representation or warranty speaks as of an earlier date, in which case it must be true and correct only as of that earlier date); 

  
 6 

 (ii) The Company and the Operating Partnership shall have performed in all material
respects all agreements and covenants required by this Agreement to be performed or complied with by it on or prior to the Closing Date; and 
 (iii) The Company and the Operating Partnership each shall have executed and delivered to the Malkin Family Contributors the documents required to be delivered pursuant to Sections 2.3 and
2.4 hereof. 
 Section 2.2 Time and Place; Closing and IPO Closing. Unless this Agreement shall have been
terminated pursuant to Section 1.6, and subject to the satisfaction or waiver of the conditions in Section 2.1, the closing of the transactions contemplated hereunder (the “Closing” or “Closing
Date”) shall occur concurrently with (or prior to, but conditioned upon the immediate subsequent occurrence of) the IPO Closing. The Closing shall take place at the New York offices of Clifford Chance US LLP or such other place as
determined by the Company in its sole discretion. The date, time and place of the consummation of the IPO, which shall occur concurrently with or immediately following the Closing, shall be referred to in this Agreement as the “IPO
Closing.” 
 Section 2.3 Closing Deliveries. On the Closing Date, the parties shall make, execute,
acknowledge and deliver the legal documents and items required to be executed or delivered in connection with the Closing (collectively the “Closing Documents”) to which it is a party or for which it is otherwise responsible that
are necessary to carry out the intention of this Agreement and the other transactions contemplated to take place in connection therewith. The Closing Documents and other items to be delivered at the Closing are the following: 

(a) The Amendment or other evidence of the transfer of OP Units to the Malkin Family Contributors and evidence of the Registered REIT
Stock, which shall bear the legend set forth in the Articles of Amendment and Restatement of the Company, as amended and restated and in effect immediately prior to the Closing (the “Articles”) or a written statement of information
that the Company will furnish a full statement about certain restrictions on transferability to a stockholder on request and without charge, which restrictions shall be substantially the same as those set forth in the Articles; 

(b) Any other documents that are in the possession of a Malkin Family Contributor or which can be obtained through such Malkin Family
Contributor’s reasonable efforts which are reasonably requested by the Company or the Operating Partnership and are reasonably necessary or desirable to assign, transfer, convey, contribute and deliver the Contributed Interests directly, free
and clear of all Liens and effectuate the transactions contemplated hereby; 

  
 7 

 (c) The Operating Partnership and the Company on the one hand and the Malkin Family
Contributors that are entities on the other hand shall provide to the other a certified copy of all appropriate corporate resolutions or partnership, limited liability company or other actions, as applicable, authorizing the execution, delivery and
performance by the Operating Partnership and the Company (if so requested by a Malkin Family Contributor) and any Malkin Family Contributor (if so requested by the Operating Partnership or the Company) of this Agreement, any related documents and
the documents listed in this Section 2.3; 
 (d) The Operating Partnership and the Company on the one hand and the
Malkin Family Contributors on the other hand shall provide to the other a certification regarding the accuracy in all material respects of each of their respective representations and warranties in this Agreement at the Closing Date (except to the
extent that any representation or warranty speaks as of an earlier date, in which case it must be true and correct only as of that earlier date); and 
 (e) The Malkin Family Contributors shall each provide the Operating Partnership with a certificate of non-foreign status that complies in form and in substance with Treasury Regulation
Section 1.1445-2(b). 
 Section 2.4 IPO Closing Deliveries. At the IPO Closing, (a) the Closing Documents
shall be delivered to the applicable parties, and the Closing shall be deemed to have occurred (if such Closing has not otherwise occurred immediately prior thereto), and (b) the parties shall make, execute, acknowledge and deliver, the legal
documents and other items to which it is a party or for which it is otherwise responsible that are necessary to carry out the intention of this Agreement, which IPO Closing Documents and other items are the following: 

(a) The Registration Rights Agreement, substantially in the form attached hereto as Exhibit B (the “Registration Rights
Agreement”); and 
 (b) The Lock-up Agreement, substantially in the form attached hereto as Exhibit C.

 Section 2.5 Closing Costs. Each party shall bear all fees and expenses incurred by it in connection with the
negotiation and execution of this Agreement and each agreement or other document contemplated by this Agreement and the consummation of the transactions contemplated hereby and thereby. 

ARTICLE 3. 

REPRESENTATIONS AND WARRANTIES 
 Section 3.1 Representations and Warranties with Respect to the Company and the Operating Partnership. The Operating Partnership and the Company hereby jointly and severally represent and
warrant to the Malkin Family Contributors as set forth below in this Section 3.1, which representations and warranties are true and correct as of the Effective Date (or such other date specifically set forth below): 

(a) Organization; Authority. 
 (i) The Company is a corporation duly incorporated, validly existing and in good standing under the Laws of its jurisdiction of incorporation and has all requisite power and authority to enter into this
Agreement and each agreement or other document contemplated by this Agreement to which it is a party, and to carry out the transactions contemplated hereby or thereby, and to own, lease and/or operate its property, as applicable, and its other
assets, and to carry on its business as presently conducted. The Company, to the extent required under applicable Laws, is qualified to do business and is in good standing in each jurisdiction in which the nature of its business or the character of
its property make such qualification necessary, other than such failures to be so qualified as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

  
 8 

 (ii) The Operating Partnership is a limited partnership duly formed, validly existing and
in good standing under the Laws of its jurisdiction of formation and has all requisite power and authority to enter into this Agreement and each agreement or other document contemplated by this Agreement and to carry out the transactions
contemplated hereby or thereby, and to own, lease and/or operate its property, as applicable, and its other assets, and to carry on its business as presently conducted. The Operating Partnership, to the extent required under applicable Laws, is
qualified to do business and is in good standing in each jurisdiction in which the nature of its business or the character of its property make such qualification necessary, other than such failures to be so qualified as would not, individually or
in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 (b) Due Authorization. The execution,
delivery and performance by the Company and the Operating Partnership of this Agreement and each agreement or other document contemplated by this Agreement to which it is a party have been duly and validly authorized by all necessary actions
required of the Company and the Operating Partnership, respectively. This Agreement and each agreement or other document contemplated by this Agreement executed and delivered by or on behalf of the Company and the Operating Partnership constitutes,
or when executed and delivered will constitute, the legal, valid and binding obligation of the Company and the Operating Partnership, respectively, each enforceable against the Company and the Operating Partnership, respectively, in accordance with
its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar Laws affecting creditors’ rights generally and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is
sought in a proceeding at law or in equity). 
 (c) Consents and Approvals. Assuming the accuracy of the representations
and warranties of the Malkin Family Contributors made hereunder, no consent, order, waiver, approval or authorization of, or registration, qualification, designation, declaration or filing with, any Person or Governmental Authority or under any
applicable Laws (each, a “Consent”) is required to be obtained by the Company, the Operating Partnership or any of their Subsidiaries in connection with the execution, delivery and performance of this Agreement or any other
agreement or document contemplated by this Agreement to which the Company or the Operating Partnership is a party, or any agreements or transactions contemplated hereby or thereby, except for those consents, orders, waivers, approvals,
authorizations, registrations, qualifications, designations, declarations or filings, the failure of which to obtain or to make, would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, and except as
contemplated in the Registration Rights Agreement. 

  
 9 

 (d) No Violation. None of the execution, delivery or performance by the Company or
the Operating Partnership of this Agreement or any other agreement or document contemplated by this Agreement to which the Company or the Operating Partnership is a party, or any agreement or transaction contemplated hereby or thereby or the
consummation of the transactions contemplated hereby or thereby does or will, with or without the giving of notice, lapse of time, or both, violate, conflict with, result in a breach of, or constitute a default under or give to others any right of
termination, acceleration, cancellation or other right under, (i) the Organizational Documents of the Company and the Operating Partnership, (ii) any agreement, document or instrument to which the Company or the Operating Partnership is a
party thereto or (iii) any term or provision of any judgment, order, writ, injunction, or decree binding on the Company or the Operating Partnership, except for, in the case of clause (ii) or (iii), any such breaches or defaults that would
not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 (e) OP Units and Class B
Common Stock. The OP Units and the Class B Common Stock, when issued and delivered in accordance with the terms of this Agreement for the consideration described in this Agreement, will have been (i) duly authorized by the Company or
the Operating Partnership, as applicable, and when issued against the consideration therefor, will be validly issued by the Company or the Operating Partnership, respectively, (ii) fully paid and non-assessable (with respect to the Class B
Common Stock), (iii) not subject to preemptive or similar rights created by statute or any agreement to which the Company or the Operating Partnership is a party or by which it is bound and (iv) free and clear of all Liens created by the
Company or the Operating Partnership (other than Liens created by the OP Agreement or the Articles). In addition, upon such issuance of OP Units, each Malkin Family Contributor will be admitted as a limited partner of the Operating Partnership in
accordance with the OP Agreement. 
 (f) No Other Representations or Warranties. Other than the representations and
warranties expressly set forth in this Section 3.1, neither the Company nor the Operating Partnership shall be deemed to have made any other representation or warranty in connection with this Agreement or the transactions contemplated
hereby. All representations and warranties of the Company and the Operating Partnership contained in this Agreement shall expire at Closing. 
 Section 3.2 Representations and Warranties of the Malkin Family Contributors. Each Malkin Family Contributor severally and not jointly hereby represents and warrants to the Company and the
Operating Partnership as to himself, herself or itself set forth below in this Section 3.2, which representations and warranties are true and correct as of the Effective Date (or such other date specifically set forth below): 

(a) Organization; Authority. Each Malkin Family Contributor that is an entity is duly organized and validly existing and in good
standing under the Laws of its jurisdiction of organization and, in each case, has all requisite power and authority to enter into this Agreement and each agreement or other document contemplated by this Agreement and to carry out the

  
 10 

 
transactions contemplated hereby and thereby. Each Malkin Family Contributor that is an entity, to the extent required under applicable Laws, is qualified to do business and is in good standing
in each jurisdiction in which the nature of its business or the character of its property make such qualification necessary. 

(b) Due Authorization. The execution, delivery and performance by each Malkin Family Contributor that is an entity of this
Agreement and each agreement or other document contemplated by this Agreement to which it is a party has been duly and validly authorized by all necessary actions required of such entity. This Agreement and each agreement or other document
contemplated by this Agreement executed and delivered by or on behalf of such Malkin Family Contributor constitutes, or when executed and delivered will constitute, the legal, valid and binding obligation of such Malkin Family Contributor, each
enforceable against such entity in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar Laws affecting creditors’ rights generally and subject, as to enforceability, to general
principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity). 
 (c) Ownership of
Contributed Interests. The Supervisor is the owner of the Override Interests, and each Malkin Family Contributor is the record and beneficial owner of the Participation Interests in each respective Public Contributing Entity as set forth on
Exhibit A as of the Effective Date and as of the Closing Date, and the Supervisor and the applicable Malkin Family Contributor will have the power and authority on the Closing Date to transfer, sell, assign and convey to the Company, the
Operating Partnership or any of their Subsidiaries, as applicable, its respective Contributed Interests free and clear of any Liens and, upon delivery of the Total Consideration for such Contributed Interests as provided herein, the Company, the
Operating Partnership or such Subsidiary, as applicable, will acquire good and valid title thereto, free and clear of any Liens. The Participation Interests set forth on Exhibit A constitute all of the Participation Interests owned directly
or indirectly by any Malkin Family Contributor or their controlled Affiliates. Except as provided for or contemplated by this Agreement, as of the Closing, there will not be any rights, subscriptions, warrants, options, conversion rights, preemptive
rights, agreements, instruments or understandings of any kind outstanding (A) relating to the Contributed Interests or (B) to purchase, transfer or to otherwise acquire, or to in any way encumber, any of the interests which comprise such
Contributed Interests or any securities or obligations of any kind convertible into any of the interests which comprise such Contributed Interests. 
 (d) Consents and Approvals. Assuming the accuracy of the representations and warranties of the Company and the Operating Partnership made hereunder, no Consent is required to be obtained by any
Malkin Family Contributor in connection with the execution, delivery and performance of this Agreement or any other agreement or document contemplated by this Agreement to which such Malkin Family Contributor is a party and the transactions
contemplated hereby or thereby, except for those Consents (i) the failure of which to obtain or to make would not, individually or in the aggregate, reasonably be expected to have a material adverse effect on the ability of any Malkin Family
Contributor to effect the Contributions required hereby or (ii) that will have been obtained or made on or prior to the Closing Date. 

  
 11 

 (e) No Violation. Assuming the accuracy of the representations and warranties of the
Company and the Operating Partnership made hereunder, none of the execution, delivery or performance by such Malkin Family Contributor of this Agreement or any other agreement or document contemplated by this Agreement to which such entity is a
party, or any agreement or transaction contemplated hereby or thereby does or will, with or without the giving of notice, lapse of time, or both, violate, conflict with, result in a breach of, or constitute a default under or give to others any
right of termination, acceleration, cancellation or other right under, (i) the Organizational Documents of any such entity, (ii) any material agreement, document or instrument to which such Malkin Family Contributor or any of their
respective assets or properties are bound or (iii) any material term or provision of any judgment, order, writ, injunction, or decree binding on any such entity. 
 (f) Taxes. 
 (i) There are no Liens for Taxes (other than statutory Liens
for Taxes not yet due and payable and for Taxes being contested in good faith and by appropriate proceedings) upon any Contributed Interests of the Malkin Family Contributors. 
 (g) Non-Foreign Status. None of the Malkin Family Contributors (or if any of the foregoing is a disregarded entity within the meaning of Section 1.1445-2(d)(iii), its sole owner for such
purposes) is a foreign person within the meaning of Section 1445 of the Code. 
 (h) Bankruptcy. No bankruptcy or
similar insolvency proceeding has been filed or is currently contemplated with respect to any Malkin Family Contributor. 
 (i)
Investment. 
 (i) Each Malkin Family Contributor is acquiring Class B Common Stock and OP Units solely for its own
account for the purpose of investment and not as a nominee or agent for any other Person and with a view to, or for offer or sale in connection with, any distribution thereof in violation of U.S. federal securities laws. Each Malkin Family
Contributor agrees and acknowledges that, except as set forth in the preceding sentence, it may not, directly or indirectly, offer, transfer, sell, assign, pledge, hypothecate or otherwise dispose of (hereinafter, “Transfer”) any of
the Class B Common Stock or OP Units, unless (i) the Transfer is pursuant to an effective registration statement under the Act (or an exemption from such registration in accordance with clause (ii) below) and qualification or other
compliance under applicable blue sky or state securities laws, (ii) if requested by the Company, counsel for the transferor (which counsel shall be reasonably acceptable to the Company or and/or the Operating Partnership, as the case may be)
shall have furnished the Company and/or the Operating Partnership with an opinion, reasonably satisfactory in form and substance to the Company and/or Operating Partnership, as the case may be, to the effect that no such registration is required
because of the availability of an exemption from registration under the Act and (iii) the Transfer otherwise is permitted by the Articles and/or the OP Agreement. The term “Transfer” shall not include any redemption or exchange of the
OP Units for Class A Common Stock pursuant to the OP Agreement. Notwithstanding the foregoing, no Transfer shall be made unless it is permitted under the OP Agreement. 

  
 12 

 (ii) Each Malkin Family Contributor is knowledgeable, sophisticated and experienced in
business and financial matters and fully understands the limitations on transfer imposed by U.S. federal securities laws. Each Malkin Family Contributor is able to bear the economic risk of holding the Class B Common Stock and/or OP Units for an
indefinite period and is able to afford the complete loss of its investment in the Class B Common Stock and/or OP Units. Each Malkin Family Contributor has received and reviewed all information and documents about or pertaining to the Operating
Partnership and the business and prospects of the Operating Partnership and the issuance of the Class B Common Stock and/or OP Units as such Malkin Family Contributor deems necessary or desirable, and has been given the opportunity to obtain any
additional information or documents and to ask questions and receive answers about such information and documents, the Company, the Operating Partnership and the business and prospects of the Company and the Operating Partnership which such Malkin
Family Contributor deems necessary or desirable to evaluate the merits and risks related to its investment in the Class B Common Stock and/or OP Units; and each Malkin Family Contributor understands and has taken cognizance of all risk factors
related to the purchase of the Class B Common Stock and/or OP Units. Each Malkin Family Contributor is relying upon its own independent analysis and assessment (including with respect to taxes), and the advice of such Malkin Family
Contributor’s advisors (including tax advisors), and not upon that of the Company or the Operating Partnership or any of the Company’s or the Operating Partnership’s Affiliates, for purposes of evaluating, entering into, and
consummating the transactions contemplated hereby. 
 (j) Holding Period. Each Malkin Family Contributor acknowledges
that it has been advised that (i) the OP Units are not redeemable or exchangeable for Class A Common Stock for a minimum of twelve (12) months, (ii) the OP Units and Class B Common Stock issued pursuant to this Agreement, and any
Class A Common Stock issued in exchange for, or in respect of a redemption of, the OP Units, are “restricted securities” (unless registered in accordance with applicable U.S. securities laws) under applicable U.S. federal securities
laws and may be Transferred only in accordance with Section 3.3(2(k)(i) and each Malkin Family Contributor understands that the Operating Partnership has no obligation or intention to register any OP Units, except to the extent set forth
in the Registration Rights Agreement. Accordingly, each Malkin Family Contributor may have to bear indefinitely, the economic risks of an investment in such OP Units and a notation shall be made in the appropriate records of the Operating
Partnership indicating that the OP Units (and any Class A Common Stock for which OP Units may, in certain circumstances, be exchanged or redeemed) and are subject to restrictions on transfer. 

(k) Accredited Investor. Each Malkin Family Contributor is an “accredited investor” under the Act. Each Malkin Family
Contributor previously has provided the Operating Partnership and the Company with an accredited investor questionnaire duly executed by such Malkin Family Contributor. No event or circumstance has occurred since delivery of such questionnaire to
make the statements contained therein false or misleading. 
 (l) No Broker. None of the Malkin Family Contributors or
any of such Malkin Family Contributor’s members, managing members, partners, general partners, directors, officers or employees, to the extent applicable, has entered into any agreement with any broker, finder or similar agent or any Person or
firm that will result in the obligation of the Company, the 

  
 13 

 
Operating Partnership or any of their Affiliates to pay any finder’s fee, brokerage fees or commissions or similar payment in connection with the transactions contemplated by this Agreement.

 (m) No Other Representations or Warranties. Other than the representations and warranties expressly set forth in this
Section 3.2, none of the Malkin Family Contributors shall be deemed to have made any other representation or warranty in connection with this Agreement or the transactions contemplated hereby. 

(n) Survival of Representations and Warranties. Except as otherwise provided, all representations and warranties contained in
Section 3.2 or in any certificate or affidavit delivered by a Malkin Family Contributor pursuant to the Agreement shall survive the Closing. 
 ARTICLE 4. 
 COVENANTS 

Section 4.1 Covenants of the Malkin Family Contributors. 

(a) From the Effective Date through the Closing, and except as contemplated by this Agreement, the applicable Malkin Family Contributors
will not, without the prior written consent of the Operating Partnership, which consent will not be unreasonably withheld, conditioned or delayed: 
 (i) Sell, transfer (or agree to sell or transfer) or otherwise dispose of, or cause the sale, transfer or disposition of (or agree to do any of the foregoing) all or any portion of the Contributed
Interests; except that a Malkin Family Contributor may transfer or agree to transfer all or part of its Contributed Interest to any Family Member (including a transfer by a Family Member that is an inter vivos or testamentary trust (whether
revocable or irrevocable) to a Family Member that is a beneficiary of such trust), provided such transferee agrees to be bound by the terms of this Agreement as a Malkin Family Contributor to the same extent as if it were an original party hereto;

 (ii) Pledge, hypothecate or encumber all or any portion of the Contributed Interests; 

(iii) Cause or take any action that would render any of the representations or warranties set forth in Section 3.2 untrue in
any material respect; 
 (iv) Authorize or consent to any of the actions prohibited by this Agreement or any of the Closing
Documents; 
 (v) Amend the Organizational Documents of any Malkin Family Contributor that is an entity; and 

(vi) Adopt a plan of liquidation, dissolution, merger, consolidation, restructuring, recapitalization or reorganization that would
prevent the transfer the Contributed Interests pursuant to this Agreement. 

  
 14 

 Section 4.2 Indemnification. 

(a) From and after the Closing, the Malkin Family Contributors shall indemnify and hold harmless, without duplication, the Company, the
Operating Partnership and any of their Subsidiaries from and against any Losses arising out of, relating to or in connection with (i) any material breach by a Malkin Family Contributor of any representation or warranty contained in
Section 3.2, (ii) any material breach by a Malkin Family Contributor of any covenant contained in this Agreement and (iii) the Contributed Interests. 
 Section 4.3 Commercially Reasonable Efforts. Subject to the terms and conditions provided in this Agreement, each of the Company, the Operating Partnership and each Malkin Family Contributor
covenants and agrees to use commercially reasonable efforts and cooperate with each other in (a) promptly determining whether any filings are required to be made or consents, approvals, waivers, permits or authorizations are required to be
obtained (under any applicable Laws or from any Governmental Authority or third party) in connection with the transactions contemplated by this Agreement, (b) promptly making any such filings, furnishing information required in connection
therewith and timely seeking to obtain any such consents, approvals, waivers, permits or authorizations and (c) taking all actions and doing, or causing to be done, all things necessary, proper and/or appropriate to consummate and make
effective the transactions contemplated by this Agreement. 
 ARTICLE 5. 

MISCELLANEOUS 

Section 5.1 Defined Terms. 
 (a) Each of the following terms is defined in the Section set forth opposite such term: 
  

			
	TERM	  	SECTION
		
	 Agreement
	  	Preamble
	 Amendment
	  	1.3(d)
	 Articles
	  	2.3(a)
	 Class A Common Stock
	  	Recital B
	 Class B Common Stock
	  	Recital B
	 Closing
	  	2.2
	 Closing Date
	  	2.2
	 Closing Documents
	  	2.3
	 Common Stock
	  	Recital B
	 Company
	  	Preamble
	 Consent
	  	3.1(c)
	 Consent Solicitation
	  	Recital A
	 Consolidation Transaction
	  	Recital A
	 Contributed Interests
	  	Recital E
	 Contributions
	  	Recital E
	 Contribution Agreements
	  	Recital A

  
 15 

			
	TERM	  	SECTION
		
	 Effective Date
	  	Preamble
	 Excluded Asset
	  	1.3(e)
	 IPO
	  	Recital A
	 IPO Closing
	  	2.2
	 Malkin Family Contributors
	  	Preamble
	 Management Companies
	  	Recital A
	 OP Units
	  	Recital B
	 Operating Partnership
	  	Preamble
	 Option Transaction
	  	Recital A
	 Optional Contributing Entities
	  	Recital A
	 Override Interests
	  	Recital D
	 Participant
	  	Recital B
	 Portfolio Sale
	  	1.5
	 Private Contributing Entities
	  	Recital A
	 Public Contributing Entities
	  	Recital A
	 REIT Contributing Entities
	  	Recital A
	 Registered REIT Stock
	  	1.3(d)
	 Registration Rights Agreement
	  	2.4(a)
	 Supervisor
	  	Preamble
	 Termination Date
	  	1.6
	 Total Consideration
	  	1.3(a)
	 Transfer
	  	3.2(i)(i)

 (b) For the purposes of this Agreement, the following terms have the meanings set forth below.

 “Act” means Securities Act of 1933, as amended. 

“Affiliate” means, with respect to any Person, a Person that, directly or indirectly, through one or more
intermediaries, controls, is controlled by, or is under common control with the specified Person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlled by” and “under
common control with”) as used with respect to any Person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting
securities, by agreement or otherwise. 
 “Alternate Transaction” means (i) the restructuring of the
Consolidation Transaction as either (A) a merger of a REIT Contributing Entity or a Subsidiary with and into either the Company or a wholly-owned subsidiary of the Company or the Operating Partnership or a wholly-owned subsidiary of the
Operating Partnership or (B) a merger of a wholly-owned subsidiary of either the Company or the Operating Partnership with and into a REIT Contributing Entity or a Subsidiary, in each case, to the extent such alternate transaction does not
adversely affect the economic benefits to its Participants (taking into account the Tax treatment of such alternate transaction) or (ii) any other transaction pursuant to which the Company, the Operating Partnership or any of their Subsidiaries
acquire a REIT Contributing Entity or all of its assets in a 

  
 16 

 
transaction pursuant to which the economic benefits (taking into account the Tax treatment of such alternate transaction) to the Company, the Operating Partnership and such REIT Contributing
Entity’s Participants are not adversely affected by such alternate transaction as compared to the economic benefits to be received by the Company, the Operating Partnership and its Participants pursuant to each REIT Contributing Entity’s
Contribution Agreement. 
 “Business Day” means any day that is not a Saturday, Sunday or legal holiday in the
State of New York. 
 “Code” means the Internal Revenue Code of 1986, as amended. 

“Family Member” means, as to a Person that is an individual, such Person’s spouse, ancestors (whether by blood or
by adoption or step-ancestors by marriage), descendants (whether by blood or by adoption or step-descendants by marriage), brothers and sisters, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, sister-in-law and descendants
(whether by blood or by adoption or step-descendants by marriage) of a brother or sister and any limited liability company or inter vivos or testamentary trusts (whether revocable or irrevocable) of which only such Person, his or her spouse,
ancestors (whether by blood or by adoption or step-ancestors by marriage), descendants (whether by blood or by adoption or step-descendants by marriage), brothers and sisters, mother-in-law, father-in-law, son-in-law, daughter-in-law,
brother-in-law, sister-in-law and descendants (whether by blood or by adoption or step-descendants by marriage) of a brother or sister are initial income beneficiaries. 
 “Governmental Authority” means any government or agency, bureau, board, commission, court, department, official, political subdivision, tribunal or other instrumentality of any
government, whether federal, state or local, domestic or foreign. 
 “IPO Price” means the price per share of
Class A Common Stock in the IPO, as set forth on the cover page of the final Prospectus relating to the IPO. 

“Laws” means applicable laws, statutes, rules, regulations, codes, orders, ordinances, judgments, injunctions and
decrees of any Governmental Authority. 
 “Lien” means all pledges, claims, liens, charges, restrictions,
controls, easements, rights of way, exceptions, reservations, leases, licenses, grants, covenants and conditions, encumbrances and security interests of any kind or nature whatsoever. 

“Losses” means all losses, damages, liabilities, fees, charges, costs and expenses of any nature whatsoever, including
without limitation, amounts paid in settlement, reasonable attorneys’ fees, costs of investigation, costs of investigative judicial or administrative proceedings or appeals therefrom and costs of attachment or similar bonds. 

“Malkin Family Group” means Anthony E. Malkin, Peter L. Malkin and each of their spouses and lineal descendents and the
lineal descendents of Lawrence A. Wien (including spouses of such descendents), any estates of any of the foregoing, any trusts now or hereafter established for the benefit of any of the foregoing, or any corporation, partnership, limited liability
company or other legal entity controlled by Anthony E. Malkin for the benefit of any of the foregoing, including the Supervisor. 

  
 17 

 “Material Adverse Effect” means a material adverse effect on the Company,
the Operating Partnership and their Subsidiaries and their properties taken as a whole, after giving effect to the Consolidation Transaction and the IPO. 
 “OP Agreement” means the agreement of limited partnership of the Operating Partnership, as amended and restated and in effect immediately prior to the Closing. 

“Organizational Documents” means with respect to any entity, the certificate of formation, limited liability company
agreement or operating agreement, participating agreements, certificate of incorporation, bylaws, certificate of limited partnership, limited partnership agreement and any other governing instrument, as applicable. 

“Participation Interests” means the limited liability company, general or limited partnership interests in a REIT
Contributing Entity, as applicable and, to the extent a limited liability company, general or limited partnership interests are held by an agent for the benefit of Participants, the beneficial ownership of such interests. 

“Person” means an individual, corporation, partnership, limited liability company, joint venture, association, trust,
unincorporated organization or other entity. 
 “Prospectus” means the Company’s final prospectus as filed
pursuant to Rule 424 under the Act with the SEC. 
 “Public Entities” means Empire State Building Associates
L.L.C., 60 East 42nd St. Associates L.L.C. and 250 West 57th St. Associates L.L.C. 
 “Subsidiary” means any
corporation, partnership, limited liability company, joint venture, trust or other legal entity which the applicable Person owns (either directly or through or together with another Subsidiary) either (i) a general partner, managing member or
other similar interest or (ii) (A) 50% or more of the equity interests or (B) 50% or more of the outstanding voting capital stock or other voting equity interests of such corporation, partnership, limited liability company, joint
venture or other legal entity. As used herein, “Subsidiary” or “Subsidiaries” refers to the Subsidiaries of the Company or the Operating Partnership, as applicable, unless the context otherwise requires. 

“Taxes” means all applicable U.S. federal, state, local and foreign income, withholding, property, sales, franchise,
employment, transfer, excise and other taxes, tariffs or governmental charges of any nature whatsoever, including estimated taxes, together with penalties, interest or additions to taxes with respect thereto. 

Section 5.2 Notices. All notices and other communications under this Agreement shall be in writing and shall be deemed given
when (a) delivered personally, (b) five (5) Business Days after being mailed by certified mail, return receipt requested and postage prepaid, (c) one (1) Business Day after being sent by a nationally recognized overnight
courier or (d) transmitted by facsimile if confirmed within twenty-four (24) hours thereafter by a signed original sent in the manner provided in clause (a), (b) or (c) to the parties at the following addresses (or at such other
address for a party as shall be specified by notice from such party). 

  
 18 

 To the Company and/or the Operating Partnership: 

One Grand Central Place 
 60 East 42nd Street 
 New York, New York 10165 

Phone: (212) 953-0888 
 Facsimile: (212) 986-8795 
 Attn: General Counsel 

with a copy to: 

Clifford Chance US LLP 
 31 West 52nd
Street 
 New York, NY 10019 
 Phone: (212) 878-8000 
 Facsimile: (212) 878-8375 

Attn: Larry P. Medvinsky, Esq. 
 To a Malkin Family Contributor: 
 One Grand Central Place 

60 East 42nd Street 
 New York, NY 10165 
 Phone: (212) 953-0888 

Facsimile: (212) 986-8795 
 Attn: General Counsel 
 with a copy to: 

Proskauer Rose LLP 
 Eleven Times Square 
 New York, NY 10036 

Phone: (212) 969-3000 
 Facsimile: (212) 969-2900 
 Attn: Arnold S. Jacobs, Esq. 

Section 5.3 Counterparts. This Agreement may be executed in counterparts, all of which shall be considered one and the same
agreement and shall become effective when one or more counterparts have been signed by each party and delivered to each other party. This Agreement will be valid and binding against each party that executes and delivers a signature page hereto
regardless of whether each other party executes and delivers a signature page hereto, except that the Company and the Operating Partnership must execute and deliver its respective signature page hereto. 

Section 5.4 Entire Agreement; Third-Party Beneficiaries. This Agreement and the Closing Documents, including, without
limitation, the exhibits hereto and thereto, constitute the entire agreement and supersede each prior agreement and understanding, whether written or oral, 

  
 19 

 
among the parties regarding the subject matter of this Agreement and the Closing Documents. This Agreement is not intended to confer any rights or remedies on any Person other than the parties
hereto and the Subsidiaries of the Company or the Operating Partnership in respect of Section 4.2 hereof. 

Section 5.5 Governing Law. This Agreement shall be governed by, and construed in accordance with, the Laws of the State of
New York, regardless of any Laws that might otherwise govern under applicable principles of conflict of laws thereof. 

Section 5.6 Amendment; Waiver. Any amendment hereto shall be in writing and signed by all parties hereto. No waiver of any
provisions of this Agreement shall be valid unless in writing and signed by the party against whom enforcement is sought. 

Section 5.7 Assignment. This Agreement shall be binding upon, and shall be enforceable by and inure to the benefit of, the
parties hereto and their permitted respective heirs, legal representatives, successors and assigns; provided, however, that this Agreement may not be assigned (except by operation of law) by any party without the prior written consent of the
other parties, and any attempted assignment without such consent shall be null and void and of no force and effect, except that the Operating Partnership may designate assignees pursuant to Section 1.2 and otherwise may assign its rights
and obligations hereunder to a wholly-owned subsidiary of the Operating Partnership. For the avoidance of doubt, any reference to an acquisition by the Operating Partnership shall also be deemed to refer to an acquisition by any of its Subsidiaries.

 Section 5.8 Jurisdiction. The parties hereby (a) submit to the exclusive jurisdiction of any state or
federal court sitting in New York County, New York with respect to any dispute arising out of this Agreement or any transaction contemplated hereby to the extent such courts would have subject matter jurisdiction with respect to such dispute and
(b) irrevocably waive, and agree not to assert by way of motion, defense, or otherwise, in any such action, any claim that it is not subject personally to the jurisdiction of the above named courts, that its property is exempt or immune from
attachment or execution, that the action is brought in an inconvenient forum or that the venue of the action is improper. 

Section 5.9 Severability. Each provision of this Agreement will be interpreted so as to be effective and valid under
applicable Law, but if any provision is held invalid, illegal or unenforceable under applicable Law in any jurisdiction, then such invalidity, illegality or unenforceability will not affect any other provision, and this Agreement will be reformed,
construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision never had been included in this Agreement. 

  
 20 

 Section 5.10 Rules of Construction. 

(a) The parties agree that they have been represented by counsel during the negotiation, preparation and execution of this Agreement and,
therefore, waive the application of any Law, regulation, holding or rule of construction providing that ambiguities in an agreement or other document will be construed against the party drafting such agreement or document. 

(b) The words “hereto,” “hereof,” “herein” and “herewith” and words of similar import shall,
unless otherwise stated, be construed to refer to this Agreement as a whole and not to any particular provision of this Agreement, and article, section, paragraph, exhibit and schedule references are to the articles, sections, paragraphs, exhibits
and schedules of this Agreement unless otherwise specified. Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without
limitation.” All terms defined in this Agreement shall have the defined meanings contained herein when used in any certificate or other document made or delivered pursuant hereto unless otherwise defined therein. The definitions contained in
this Agreement are applicable to the singular as well as the plural forms of such terms and to the masculine as well as to the feminine and neuter genders of such terms. Any agreement, instrument or statute defined or referred to herein or in any
agreement or instrument that is referred to herein means such agreement, instrument or statute as from time to time, amended, qualified or supplemented, including (in the case of agreements and instruments) by waiver or consent and (in the case of
statutes) by succession of comparable successor statutes and all attachments thereto and instruments incorporated therein. References to a Person are also to its permitted successors and assigns. 

Section 5.11 Time of the Essence. Time is of the essence with respect to all obligations under this Agreement. 

Section 5.12 Descriptive Headings. The descriptive headings in this Agreement are inserted for convenience only and are not
intended to be part of or to affect the meaning or interpretation of this Agreement. 
 Section 5.13 No Personal
Liability Conferred. This Agreement shall not create or permit any personal liability or obligation on the part of any shareholder, managing member, general partner, trustee, executor, director, officer or employee of any Malkin Family
Contributor, the Supervisor, the Company or the Operating Partnership, to the extent applicable, in their capacities as such. 

Section 5.14 Changes to Form Agreements. Each Malkin Family Contributor agrees and confirms that the terms of the Common
Stock and OP Units and the Consent Solicitation are not final and may be modified depending on the prevailing market conditions at the time of the IPO. In addition, each applicable Malkin Family Contributor acknowledges that (a) the information
presented in the Consent Solicitation for the Public Contributing Entity in which it owns Contributed Interests and the attachments thereto will be preliminary and is subject to change (particularly management’s discussion and analysis of
financial condition and results of operation, the financial statements and footnotes thereto, the preliminary pro forma financial statements and footnotes thereto, the property information, the IPO price and the assumed range

  
 21 

 
of shares estimated to be offered in the IPO) in connection with the completion of the audit, the review and comments of the Securities and Exchange Commission and the investor feedback received
during the course of the IPO, (b) the Consolidation Transactions may be consummated even if less than all of the REIT Contributing Entities participate in the Consolidation Transactions, provided that the Empire State Building Associates
L.L.C. and Empire State Building Company L.L.C. must participate in the Consolidation Transactions, (c) the participation of each Malkin Family Contributor in the Consolidation Transactions is not conditioned on the participation of any other
Malkin Family Contributor, (d) there is likely to be an extended period of time before the Consolidation Transactions are completed and the terms of the Consolidation Transactions as described in the Consent Solicitation, including the exchange
values of each REIT Contributing Entity, may be significantly different than described in such documents existing as of the date hereof and (e) notwithstanding the foregoing differences, this Agreement will be binding. 

Section 5.15 Further Assurances. The Malkin Family Contributors, on the one hand, and the Company and the Operating
Partnership, on the other hand, shall promptly take any and all such other actions and execute such additional documents prior to and following the Closing as the other may reasonably request in order to effect the transactions contemplated hereby,
including the transfer of the Contributed Interests to the Company, the Operating Partnership or a Subsidiary, as the case may be, as contemplated hereby. 
 Section 5.16 Reliance. Each party to this Agreement acknowledges and agrees that it is not relying on tax advice or other advice from the other party to this Agreement, and that it has
consulted with or will consult with its own advisors. 
 Section 5.17 Survival. The covenants and agreements in this
Agreement or in any instrument delivered pursuant to this Agreement shall not survive the Closing, except for those covenants and agreements contained herein and therein which by their terms apply in whole or in part after the Closing and then only
to such extent. 
 Section 5.18 Equitable Remedies; Limitation on Damages. The parties agree that irreparable damage
would occur in the event that any of the provisions of this Agreement were not performed in accordance with the specific terms hereof or were otherwise breached. It is accordingly agreed that the parties shall be entitled to an injunction or
injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions hereof in any federal or state court located in New York (as to which the parties agree to submit to jurisdiction for the purpose of such action),
this being in addition to any other remedy to which the parties are entitled under this Agreement; provided, however, that nothing in this Agreement shall be construed to permit any Malkin Family Contributor to enforce consummation of the
IPO. 
 [SIGNATURE PAGE FOLLOWS] 

  
 22 

 IN WITNESS WHEREOF, the parties have duly executed and delivered this Contribution Agreement
as of the date first written above. 
  

			
	“COMPANY”
	
	EMPIRE REALTY TRUST, INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	“OPERATING PARTNERSHIP”
	
	EMPIRE REALTY TRUST, L.P.
		
	By:	 	  

		 	Name:
		 	Title:

			
	
	“MALKIN FAMILY CONTRIBUTORS”
	
	  

	ANTHONY E. MALKIN
	
	  

	ANDREW L. MORSE
	
	  

	CYNTHIA M. BLUMENTHAL
	
	  

	DOUGLAS A. MORSE
	
	  

	ENID W. MORSE
	
	  

	LESLIE A. NELSON
	
	  

	LESTER S. MORSE, JR.
	
	  

	MITCHELL J. NELSON

			
	
	AEM/ANDREW 1999 TRUST
		
	By:	 	  

		 	Name:
		 	Title:

			
	
	AEM/GEORGE 1999 TRUST
		
	By:	 	  

		 	Name:
		 	Title:

			
	
	THE ELIZABETH MALKIN 2009 TRUST
		
	By:	 	  

		 	Name: Anthony E. Malkin
		 	Title: Trustee

			
	
	THE RAB/ANDREW 1999 TRUST
		
	By:	 	  

		 	Name: Anthony E. Malkin
		 	Title: Trustee
		
	By:	 	  

		 	Name: Mitchell J. Blutt
		 	Title: Trustee

			
	
	THE RAB/GEORGE 1999 TRUST
		
	By:	 	  

		 	Name: Anthony E. Malkin
		 	Title: Trustee
		
	By:	 	  

		 	Name: Mitchell J. Blutt
		 	Title: Trustee

			
	
	THE ELIZABETH MALKIN 2009 TRUST
		
	By:	 	  

		 	Name: Anthony E. Malkin
		 	Title: Trustee

			
	
	THE EMILY M. MALKIN 2010 TRUST
		
	By:	 	  

		 	Name: Anthony E. Malkin
		 	Title: Trustee

			
	
	THE REBECCA S. MALKIN 2010 TRUST
		
	By:	 	  

		 	Name: Anthony E. Malkin
		 	Title: Trustee

			
	
	MAE BLUMENTHAL
		
	By:	 	  

		 	Name: Cynthia M. Blumenthal
		 	Title: Custodian

			
	
	THE DAVID J. BLUMENTHAL 2010 TRUST DTD JULY 16, 2010
		
	By:	 	  

		 	Name: Cynthia M. Blumenthal
		 	Title: Trustee

			
	
	THE MATTHEW S. BLUMENTHAL 2004 TRUST
		
	By:	 	  

		 	Name: Cynthia M. Blumenthal
		 	Title: Trustee

			
	
	THE MICHAEL L. BLUMENTHAL 2006 TRUST
		
	By:	 	  

		 	Name: Cynthia M. Blumenthal
		 	Title: Trustee

			
	
	THE EMILY MASON MALKIN TRUST DTD OCTOBER 1, 1995
		
	By:	 	  

		 	Name: Peter L. Malkin
		 	Title: Trustee

			
	
	SL 2005 FAMILY TRUST
		
	By:	 	  

		 	Name: Peter L. Malkin
		 	Title: Trustee
		
	By:	 	  

		 	Name: Richard A. Shapiro
		 	Title: Trustee

			
	
	PETER L MALKIN FAMILY 2000 LLC
		
	By:	 	  

		 	Name:
		 	Title:

			
	
	PETER L MALKIN FAMILY 9 LLC
		
	By:	 	  

		 	Name:
		 	Title:

			
	
	THE MATTIE SAUNDERS 1983 TRUST
		
	By:	 	  

		 	Name: Peter L. Malkin
		 	Title: Trustee

			
	
	U/T/A DTD 12/15/86 F/B/O MATTIE SAUNDERS
		
	By:	 	  

		 	Name: Peter L. Malkin
		 	Title: Trustee

			
	
	PLM/CLAIRE 1998 TRUST
		
	By:	 	  

		 	Name:
		 	Title:

			
	
	PLM/DAVID 1998 TRUST
		
	By:	 	  

		 	Name:
		 	Title:

			
	
	PLM/ELIZABETH 1998 TRUST
		
	By:	 	  

		 	Name:
		 	Title:

			
	
	PLM/EMILY 1998 TRUST
		
	By:	 	  

		 	Name:
		 	Title:

			
	
	PLM/LOUISA 1998 TRUST
		
	By:	 	  

		 	Name:
		 	Title:

			
	
	PLM/MATTHEW 1998 TRUST
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	PLM/MICHAEL 1998 TRUST
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	PLM/REBECCA 1998 TRUST
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	ROW JIMMY LLC
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	MALKIN HOLDINGS LLC
		
	By:	 	  

		 	Name:
		 	Title:Contribution Agreement (Helmsley estate)

 Exhibit 10.9 
 CONTRIBUTION AGREEMENT 
 by and among 

Empire Realty Trust, L.P., 
 Empire Realty Trust, Inc. 
 and 

the entities affiliated with the Helmsley Estate listed on the signature pages hereto 

Dated as of November 28, 2011 

 TABLE OF CONTENTS 

 

					
	 	  	 	  	 PAGE

			
	 ARTICLE 1
	  	 CONTRIBUTION
	  	2
			
	 Section 1.1
	  	 Contribution of Contributed Interests
	  	2
	 Section 1.2
	  	 Designation of Assignee
	  	3
	 Section 1.3
	  	 Consideration
	  	3
	 Section 1.4
	  	 Tax Treatment
	  	5
	 Section 1.5
	  	 Helmsley Entity Consent
	  	5
	 Section 1.6
	  	 Term of Agreement
	  	5
			
	 ARTICLE 2
	  	 CLOSING
	  	5
			
	 Section 2.1
	  	 Conditions Precedent
	  	5
	 Section 2.2
	  	 Time and Place; Closing and IPO Closing
	  	7
	 Section 2.3
	  	 Closing Deliveries
	  	7
	 Section 2.4
	  	 IPO Closing Deliveries
	  	8
	 Section 2.5
	  	 [Intentionally Omitted.]
	  	8
			
	 ARTICLE 3
	  	 REPRESENTATIONS AND WARRANTIES
	  	9
			
	 Section 3.1
	  	 Representations and Warranties with Respect to the Company and the Operating Partnership
	  	9
	 Section 3.2
	  	 Representations and Warranties of the Helmsley Group Members
	  	11
	 Section 3.3
	  	 Survival of Representations and Warranties
	  	16
			
	 ARTICLE 4
	  	 COVENANTS
	  	16
			
	 Section 4.1
	  	 Covenants of the Helmsley Group Members
	  	16
	 Section 4.2
	  	 Indemnification
	  	18
	 Section 4.3
	  	 Commercially Reasonable Efforts
	  	19
			
	ARTICLE 5	  	 MISCELLANEOUS
	  	19
			
	 Section 5.1
	  	 Defined Terms
	  	19
	 Section 5.2
	  	 Notices
	  	22
	 Section 5.3
	  	 Counterparts
	  	23
	 Section 5.4
	  	 Entire Agreement; Third-Party Beneficiaries
	  	23
	 Section 5.5
	  	 Governing Law
	  	24
	 Section 5.6
	  	 Amendment; Waiver
	  	24
	 Section 5.7
	  	 Assignment
	  	24
	 Section 5.8
	  	 Jurisdiction
	  	24
	 Section 5.9
	  	 Severability
	  	24
	 Section 5.10
	  	 Rules of Construction
	  	25
	 Section 5.11
	  	 Time of the Essence
	  	25
	 Section 5.12
	  	 Descriptive Headings
	  	25

  
 i 

					
	 Section 5.13
	  	 No Personal Liability Conferred
	  	25
	 Section 5.14
	  	 Changes to Form Agreements
	  	25
	 Section 5.15
	  	 Further Assurances
	  	26
	 Section 5.16
	  	 Reliance
	  	26
	 Section 5.17
	  	 Survival
	  	26
	 Section 5.18
	  	 Equitable Remedies; Limitation on Damages
	  	26

 EXHIBITS 
  

			
	A	  	Helmsley Entities, REIT Contributing Entities and Participation Interests
		
	 B
	  	Articles
		
	 C
	  	Form of Registration Rights Agreement
		
	 D
	  	Form of Lock-Up Agreement

 SCHEDULES 
  

			
	Schedule 1	  	Transaction Documents

  
 ii 

 CONTRIBUTION AGREEMENT 

THIS CONTRIBUTION AGREEMENT (including all exhibits, hereinafter referred to as this “Agreement”) is made and entered
into as of November 28, 2011 (the “Effective Date”) by and among Empire Realty Trust, Inc., a Maryland corporation (the “Company”), Empire Realty Trust, L.P., a Delaware limited partnership (the
“Operating Partnership”), the entities affiliated with the Helmsley Estate (defined below) set forth on Exhibit A (individually, a “Helmsley Entity” and collectively, the “Helmsley
Entities”), The Leona M. and Harry B. Helmsley Charitable Trust (the “Contributing Trust”), and the Estate of Leona M. Helmsley (the “Helmsley Estate”). Terms used but not defined shall have the meanings
ascribed to them in Section 5.1. 
 RECITALS 

A. WHEREAS, in conjunction with the Company’s formation transactions and the initial public offering of the Company (the
“IPO”), the Company desires, among other things, (1) to consolidate (a) the ownership of the Participation Interests held by the Participants in 23 limited liability companies and limited partnerships (the “REIT
Contributing Entities”) which own fee, ground leasehold interests or operating leasehold interests in the 18 real properties and the two acres of vacant land as described in each REIT Contributing Entity’s Consent Solicitation
Statement/Offering Memorandum or the Prospectus/Consent Solicitation Statement included in the registration statement on Form S-4, as applicable (each, a “Consent Solicitation”) and (b) Malkin Holdings LLC, Malkin Properties,
L.L.C., Malkin Properties of New York, L.L.C., Malkin Properties of Connecticut, Inc. and Malkin Construction Corp. (the “Management Companies”) and (2) to have an option (the “Option Transaction”) to acquire
the interests owned by three limited liability companies (the “Optional Contributing Entities”) which may be exercised upon the final resolution of certain ongoing litigation with respect to the real properties owned by such
companies. Such consolidations into the Company and/or the Operating Partnership will be completed immediately prior to or concurrently with the completion of the IPO (as more particularly described below and in the Consent Solicitations
(collectively, the “Consolidation Transaction”) pursuant to various contribution agreements (the “Contribution Agreements”) by and among the Company, the Operating Partnership and the applicable REIT Contributing
Entity, and merger agreements by and among the Company, the Operating Partnership and the applicable Management Company. 
 B.
WHEREAS, the Consolidation Transaction and the Option Transaction will entail, among other things, a series of transactions, pursuant to which the REIT Contributing Entities, the Optional Contributing Entities (if the Company exercises the related
option) and/or their Participants, and the equity holders of the Management Companies, will receive, as applicable, units of limited partnership interests (the “OP Units”) to be issued by the Operating Partnership, shares of
Class A Common Stock of the Company, par value $0.01 per share (the “Class A Common Stock”), to be issued by the Company, shares of Class B Common Stock of the Company, par value $0.01 per share (together with the Class A
Common Stock, the “Common Stock”), to be issued by the Company and/or cash (subject to a cap), which (to the extent received by the REIT Contributing Entities and not directly by the Participants or equity holders, as the case may
be, therein) will each be distributed to the Participants or equity holders, as the case may be, therein. The holder of a Participation Interest in a REIT Contributing Entity, as applicable, is referred to individually as a
“Participant” and collectively as the “Participants.” 

  
 1 

 C. WHEREAS, the Helmsley Entities hold the Participation Interests in the REIT Contributing
Entities as set forth on Exhibit A, and each Helmsley Entity desires to consent to the Consolidation Transaction in respect of the applicable REIT Contributing Entity in which such Helmsley Entity holds Participation Interests on the
Effective Date prior to the mailing of the Consent Solicitations. 
 D. WHEREAS, prior to the Consolidation Transaction,
(1) Supervisory Management Corp. shall transfer its Participation Interests as set forth on Exhibit A to a newly formed single purpose Delaware limited liability company (“Supervisory LLC” which, for purposes of this
Agreement shall constitute a Contributed Helmsley Entity (as defined below), and (2) the Helmsley Estate expects to cause the transfer of Supervisory LLC and the entities set forth on Exhibit A and identified as Helmsley Entities (LLCs)
(excluding LMH Equities LLC, which shall transfer its Participation Interests as set forth on Exhibit A to LMH 1350 LLC prior to such time, and together with Supervisory LLC, the “Contributed Helmsley Entities”) to the
Contributing Trust such that, prior to the Closing, the Contributed Helmsley Entities are expected to be wholly-owned Subsidiaries of the Contributing Trust. 
 E. WHEREAS, at the Closing, the Contributing Trust (or, to the extent the applicable Contributed Helmsley Entity is not so transferred to the Contributing Trust, the Helmsley Estate) desires to transfer
all of the equity interests in the Contributed Helmsley Entities, and Foundation desires to transfer its Participation Interests as set forth on Exhibit A (such equity interests and such Participation Interests to be so transferred
collectively, the “Contributed Interests”), directly to the Operating Partnership or a Subsidiary thereof for cash and/or Class A Common Stock in lieu of the process described in Recital B above (the
“Contributions”), and the Charitable Entities (and, to the extent set forth herein, the Helmsley Estate) desire to receive the benefit of any transfer tax savings to the Operating Partnership or such Subsidiary thereof resulting
from such transfers to the Operating Partnership or a Subsidiary thereof pursuant to the structure described in this Recital E. 

NOW, THEREFORE, for and in consideration of the foregoing premises and the mutual undertakings set forth below, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 TERMS OF AGREEMENT 

ARTICLE 1 

CONTRIBUTION 
 Section 1.1 Contribution of Contributed Interests. At the Closing and subject to the terms and conditions contained in this Agreement, the Contributors shall contribute, transfer, assign,
convey and deliver to the Operating Partnership, and the Operating Partnership shall acquire and accept, all right, title and interest held by the applicable Contributor in the Contributed Interests (other than Excluded Assets) directly, free and
clear of all Liens. 

  
 2 

 Section 1.2 Designation of Assignee. The Operating Partnership reserves the
right, by written notice to the Contributors, to reallocate any of the Contributed Interests slated for acquisition by the Operating Partnership pursuant to this Agreement, such that the Contributed Interests will instead be contributed to and
acquired by the Company or any Subsidiary of the Company or the Operating Partnership; provided that such reallocation does not adversely affect the Tax treatment of the Contributions contemplated herein. 

Section 1.3 Consideration. 
 (a) At the Closing, the Operating Partnership shall, in exchange for the transfer of the Contributed Interests, (i) pay to the applicable Contributor or its designee the number of shares of
Class A Common Stock and/or cash, to the extent cash is payable to such Contributor in respect of the exercise by the applicable Helmsley Entity of the cash election as described in the Consent Solicitation, equal to, as applicable, each
Contributed Helmsley Entity’s and the Foundation’s portion (based on percentage ownership) of the “Value” of the respective REIT Contributing Entity (as will be determined in accordance with such REIT Contributing Entity’s
Contribution Agreement, its Organizational Documents and its Consent Solicitation) and (ii) pay to the applicable Contributor an amount equal to the New York City real property transfer tax that would be payable with respect to the transfers by
the applicable Contributor contemplated under this Agreement but that are not payable by any person as a result of such Contributor’s exemption from the New York City real property transfer tax under Section 11-2106(b)(2) of the
Administrative Code of the City of New York (such amounts described in subsections (i) and (ii) above in respect of all Contributed Interests in the aggregate, the “Total Consideration”). Notwithstanding any other
provision of this Agreement, the amounts described in clause (ii) of the preceding sentence shall be calculated (for all purposes of this Agreement) as if the transfers from the applicable Contributor were eligible for the reduced New York City
real property transfer tax rate described in Section 11-2102(e) of the Administrative Code of the City of New York, and as if the consideration for such transfers was determined under Section 11-2102(e)(3) of the Administrative Code of the
City of New York, and taking into account Section 23-02, Consideration (2) of the Rules of the City of New York. In addition, notwithstanding any other provision of this Agreement, to the extent that the Helmsley Estate is a Contributor
hereunder, the amount described under clause (ii) of this Section 1.3(a) with respect to the transfer by or caused by the Helmsley Estate shall not be paid by the Operating Partnership at the Closing, but rather such amount shall be
paid by the Operating Partnership to the Helmsley Estate or its designee promptly after the expiration of the period of limitations with respect to the New York City real property transfer tax applicable to such transfer provided under
Section 11-2116 of the Administrative Code of the City of New York. The Contributors agree that the Operating Partnership shall reasonably determine the manner in which the aggregate shares of Class A Common Stock and cash payable to the
Contributors under clause (i) of the first sentence of this Section 1.3(a) or payable under Section 1.3(b) hereof shall be allocated among the Contributed Helmsley Entities and the Foundation, and each Contributor agrees
that it shall treat the transactions contemplated by this Agreement in a manner consistent with such allocation for all purposes. 
 (b) In addition to the foregoing, in the event that the underwriters in the IPO exercise all or any portion of their option to purchase additional shares of Class A Common Stock, the applicable
Contributor (as determined by the Helmsley Estate) or its designee shall be 

  
 3 

 
entitled to receive on each closing with respect to such exercise the proceeds from such exercise in an amount equal to the number of shares of Class A Common Stock sold pursuant to such
option multiplied by the difference between the IPO Price and the Underwriting Discount in lieu of the Operating Partnership Units such Contributor otherwise would have been entitled to receive, or, if such closing occurs following the Closing, in
exchange for an equal number of shares of Class A Common Stock then held by such Contributor, in each case, as set forth in the applicable REIT Contributing Entity’s Contribution Agreement. No other Participant shall be entitled to receive
any of such proceeds. 
 (c) No fractional shares of Class A Common Stock shall be issued to a Contributor pursuant to this
Agreement. If aggregating all shares of Class A Common Stock that a Contributor would otherwise be entitled to receive as a result of the Consolidation Transaction would require the issuance of a fractional share of Class A Common Stock,
in lieu of such fractional share of Class A Common Stock, the Contributor shall be entitled to receive one share of Class A Common Stock for each fractional share of Class A Common Stock of 0.50 or greater. The Company will not issue
a share of Class A Common Stock for any fractional share of Class A Common Stock of less than 0.50. 
 (d) As soon as
practicable following the determination of the price per share of Class A Common Stock in the IPO and prior to the Closing, all calculations relating to the Total Consideration shall be performed in good faith by, or under the direction of, the
Company and the Operating Partnership, and, absent manifest error, shall be final and binding upon the Contributors. 
 (e) The
parties acknowledge that the transfer pursuant to this Section 1.3 of Class A Common Stock shall be evidenced through the electronic registration of such Class A Common Stock with the Depository Trust Company, a New York
corporation (“DTC Registered REIT Stock”). 
 (f) Each REIT Contributing Entity must distribute certain cash,
if any, held on or prior to the Closing Date to its Participants (including the respective Contributed Helmsley Entity and the Foundation) in accordance with the provisions of the applicable Organizational Documents and the Contribution Agreement of
such REIT Contributing Entity (together with Excluded Assets as defined in each REIT Contribution Agreement, the “Excluded Assets”). The Operating Partnership agrees and acknowledges that none of the Excluded Assets, nor any right,
title or interest of the applicable REIT Contributing Entity or Participant therein, shall be deemed to constitute a part of the assets and liabilities contributed to the Operating Partnership, and that such assets and liabilities will be retained
by such REIT Contributing Entity or such Participant at the Closing. The Operating Partnership agrees and acknowledges that (i) each such REIT Contributing Entity must transfer or distribute the Excluded Assets to its Participants (including
the respective Contributed Helmsley Entity and the Foundation) at any time and from time to time prior to the Closing and after the Closing (in which case, the respective Contributed Helmsley Entity shall assign, or the Company shall cause each such
Contributed Helmsley Entity to assign, to the applicable Contributor such Contributed Helmsley Entity’s portion of such distributions and the Company shall cause all amounts received by it, the Operating Partnership or any Subsidiary of the
Company or the Operating Partnership from such distributions in respect of the Participation Interests contributed by the Foundation to be paid over to the Foundation) 

  
 4 

 
and (ii) the applicable Contributor shall be entitled to its respective share of any distributions (including distributions of Excluded Assets) made by each REIT Contributing Entity in
respect of the Participation Interests contributed directly or indirectly by such Contributor. 
 Section 1.4 Tax
Treatment. 
 (a) (i) Any payment of cash or Class A Common Stock to a Contributor in the Consolidation Transaction
shall be treated for U.S. federal income tax purposes, as a sale by such Contributor of the Participation Interests owned by the applicable Contributed Helmsley Entity or the Foundation, as applicable, and a purchase by the Operating Partnership of
such Participation Interests for the cash and/or Class A Common Stock received by such Contributor in accordance with Treasury Regulation Section 1.708-1(c)(4), and (ii) each Contributor hereby consents and agrees to such treatment.

 (b) The Operating Partnership shall be entitled to deduct and withhold from any portion of the Total Consideration to be
distributed to the Contributors such amount as it is required to deduct and withhold from such payment under the Code or any provision of U.S. federal, state, local or foreign tax law; provided, that notice of such withholding is delivered to the
Contributors in advance. To the extent that amounts are withheld by the Operating Partnership, such amounts shall be treated for all purposes of this Agreement as having been paid to the applicable Contributor in respect of which such deduction and
withholding was made by the Operating Partnership. 
 Section 1.5 Helmsley Entity Consent. Simultaneously with the
execution of this Agreement, each Helmsley Entity shall deliver its irrevocable consent (the “Helmsley Consent”) to (a) the Consolidation Transaction, including an Alternate Transaction and (b) a third-party portfolio sale
proposal (“Portfolio Sale”) (each as more fully described in the Consent Solicitations) in respect of the REIT Contributing Entity in which it holds a Participation Interest. 

Section 1.6 Term of Agreement. If the Closing does not occur by December 31, 2014 (the “Termination
Date”), or such earlier time as the Company determines not to proceed with the IPO, this Agreement shall be deemed terminated and shall be of no further force and effect and none of the Company, the Operating Partnership or any Helmsley
Group Member shall have any further obligations hereunder except as specifically set forth in this Agreement. 
 ARTICLE 2

 CLOSING 
 Section 2.1 Conditions Precedent. 
 (a) Condition to Each
Party’s Obligations. The obligations of each party to effect the transactions with respect to each Contribution of a Contributed Interest contemplated hereby shall be subject to the satisfaction or waiver of the following conditions:

 (i) No order, statute, rule, regulation, executive order, injunction, stay, decree, judgment or restraining
order shall have been enacted, issued, entered, 

  
 5 

 
promulgated or enforced by any court of competent jurisdiction or Governmental Authority that prohibits the consummation of the transactions with respect to such Contribution contemplated hereby
(which condition may not be waived by any party), nor shall any proceeding brought by a Governmental Authority of competent jurisdiction be pending that seeks the foregoing; 

(ii) The IPO Closing shall have occurred simultaneously with the Closing (or the Closing shall occur prior to, but
conditioned upon the immediate subsequent occurrence of, the IPO Closing) and the Class A Common Stock shall have been approved for listing on the New York Stock Exchange or another national securities exchange, subject only to official notice
of issuance. This condition may not be waived by any party; and 
 (iii) With respect to each REIT Contributing
Entity in which a Contributor owns (directly or indirectly) a Participation Interest, the closing of such REIT Contributing Entity’s participation in the Consolidation Transaction pursuant to its Contribution Agreement shall have occurred.

 (b) Conditions to Obligations of the Company and the Operating Partnership. The obligations of the Company and
Operating Partnership to effect a Contribution transaction of a Contributed Interest contemplated hereby shall be subject to the satisfaction or waiver of the following conditions with respect to such Contributed Interest (it being understood that
the provisions of Section 2.1(a) and this Section 2.1(b) shall be the only conditions to the obligations of the Company and the Operating Partnership with respect to such Contribution and that, without limiting any Helmsley
Group Member’s duties, covenants or obligations expressed elsewhere in this Agreement, the provisions of Section 2.1(a) and this Section 2.1(b) shall be only conditions to Closing and shall not independently create any
additional covenants on the part of such Helmsley Group Member): 
 (i) The representations and warranties of the
Helmsley Group Members contained in this Agreement shall be true and correct in all material respects at the Closing Date as if made again at that time (except to the extent that any representation or warranty speaks as of an earlier date, in which
case it must be true and correct only as of that earlier date). 
 (ii) Each Helmsley Group Member shall have
performed in all material respects all agreements and covenants required by this Agreement to be performed or complied with by it on or prior to the Closing Date. 

(iii) Each Helmsley Group Member shall have executed and delivered to the Company the documents required to be delivered
by it pursuant to Sections 2.3 and 2.4 hereof. 
 Any or all of the foregoing conditions may be waived by the
Operating Partnership on behalf of itself and the Company in its sole and absolute discretion. 
 (c) Conditions to
Obligations of the Helmsley Group Members. The obligations of each Helmsley Group Member to effect the transactions contemplated hereby shall 

  
 6 

 
be subject to the satisfaction or waiver of the following conditions (it being understood that the provisions of Section 2.1(a) and this Section 2.1(c) shall be the only
conditions to the obligations of such entities and that, without limiting any of the Company’s or the Operating Partnership’s duties, covenants or obligations expressed elsewhere in this Agreement, the provisions of
Section 2.1(a) and this Section 2.1(c) shall be only conditions to Closing and shall not independently create any additional covenants of the Company or the Operating Partnership): 

(i) The representations and warranties of each of the Operating Partnership and the Company contained in this Agreement
shall be true and correct at the Closing Date as if made again at that time (except to the extent that any representation or warranty speaks as of an earlier date, in which case it must be true and correct only as of that earlier date). 

(ii) The Company and the Operating Partnership shall have performed in all material respects all agreements and covenants
required by this Agreement to be performed or complied with by it on or prior to the Closing Date. 
 (iii) The
Company and the Operating Partnership each shall have executed and delivered to the Helmsley Group Members the documents required to be delivered pursuant to Sections 2.3 and 2.4 hereof. 

Section 2.2 Time and Place; Closing and IPO Closing. Unless this Agreement shall have been terminated pursuant to
Section 1.6, and subject to the satisfaction or waiver of the conditions in Section 2.1, the closing of the transactions contemplated hereunder (the “Closing” or “Closing Date”) shall occur
concurrently with (or prior to, but conditioned upon the immediate subsequent occurrence of) the IPO Closing. The Closing shall take place at the New York offices of Clifford Chance US LLP or such other place as determined by the Company in its sole
discretion. The date, time and place of the consummation of the IPO, which shall occur concurrently with or immediately following the Closing, shall be referred to in this Agreement as the “IPO Closing.” 

Section 2.3 Closing Deliveries. On the Closing Date, the parties shall make, execute, acknowledge and deliver the legal
documents and items required to be executed or delivered in connection with the Closing (collectively the “Closing Documents”) to which it is a party or for which it is otherwise responsible that are necessary to carry out the
intention of this Agreement and the other transactions contemplated to take place in connection therewith. The Closing Documents and other items to be delivered at the Closing are the following: 

(a) Evidence of the DTC Registered REIT Stock, which shall bear the legend set forth in the Articles of Amendment and Restatement of the
Company, as amended and restated and in effect immediately prior to the Closing in substantially the form attached as Exhibit B (the “Articles”) or a written statement of information that the Company will furnish a full
statement about certain restrictions on transferability to a stockholder on request and without charge, which restrictions shall be substantially the same as those set forth in the Articles; 

(b) Any other documents that are in the possession of a Contributor or which can be obtained through such Contributor’s reasonable
efforts which are reasonably requested by 

  
 7 

 
the Company or the Operating Partnership and are reasonably necessary or desirable to assign, transfer, convey, contribute and deliver the Contributed Interests directly, free and clear of all
Liens and effectuate the transactions contemplated hereby; 
 (c) The Operating Partnership and the Company on the one hand and
the Helmsley Group Members on the other hand shall provide to the other a certified copy of all appropriate corporate resolutions or partnership, limited liability company or other actions, as applicable, authorizing the execution, delivery and
performance by the Operating Partnership and the Company (if so requested by a Helmsley Group Member) and any Helmsley Group Member (if so requested by the Operating Partnership or the Company) of this Agreement, any related documents and the
documents listed in this Section 2.3; 
 (d) The Operating Partnership and the Company on the one hand and the
Helmsley Group Members on the other hand shall provide to the other a certification regarding the accuracy in all material respects of each of their respective representations and warranties in this Agreement at the Closing Date (except to the
extent that any representation or warranty speaks as of an earlier date, in which case it must be true and correct only as of that earlier date); 
 (e) The Contributors shall each provide the Operating Partnership with a certificate of non-foreign status that complies in form and in substance with Treasury Regulation Section 1.1445-2(b); and

 (f) Any applicable books, records and Organizational Documents relating to each Contributed Helmsley Entity that are in the
possession of each Contributed Helmsley Entity or the applicable Contributor or which can be obtained through such entities’ reasonable efforts. 
 Section 2.4 IPO Closing Deliveries. At the IPO Closing, (a) the Closing Documents shall be delivered to the applicable parties, and the Closing shall be deemed to have occurred (if such
Closing has not otherwise occurred immediately prior thereto), and (b) the parties shall make, execute, acknowledge and deliver, the legal documents and other items to which it is a party or for which it is otherwise responsible that are
necessary to carry out the intention of this Agreement, which IPO Closing Documents and other items are the following: 
 (a)
The Registration Rights Agreement, substantially in the form attached hereto as Exhibit C (the “Registration Rights Agreement”); and 
 (b) The Lock-up Agreement, substantially in the form attached hereto as Exhibit D. 
 Section 2.5 [Intentionally Omitted.] 

  
 8 

 ARTICLE 3 
 REPRESENTATIONS AND WARRANTIES 
 Section 3.1 Representations and
Warranties with Respect to the Company and the Operating Partnership. The Operating Partnership and the Company hereby jointly and severally represent and warrant to the Helmsley Group Members as set forth below in this Section 3.1,
which representations and warranties are true and correct as of the Effective Date (or such other date specifically set forth below): 
 (a) Organization; Authority. 
 (i) The Company is a
corporation duly incorporated, validly existing and in good standing under the Laws of its jurisdiction of incorporation and has all requisite power and authority to enter into this Agreement and each agreement or other document listed on
Schedule 1 (the “Transaction Documents”) to which it is a party, and to carry out the transactions contemplated hereby or thereby, and to own, lease and/or operate its property, as applicable, and its other assets, and to
carry on its business as presently conducted. The Company, to the extent required under applicable Laws, is qualified to do business and is in good standing in each jurisdiction in which the nature of its business or the character of its property
make such qualification necessary, other than such failures to be so qualified as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

(ii) The Operating Partnership is a limited partnership duly formed, validly existing and in good standing under the Laws
of its jurisdiction of formation and has all requisite power and authority to enter into this Agreement and each agreement or other document contemplated by this Agreement and to carry out the transactions contemplated hereby or thereby, and to own,
lease and/or operate its property, as applicable, and its other assets, and to carry on its business as presently conducted. The Operating Partnership, to the extent required under applicable Laws, is qualified to do business and is in good standing
in each jurisdiction in which the nature of its business or the character of its property make such qualification necessary, other than such failures to be so qualified as would not, individually or in the aggregate, reasonably be expected to have a
Material Adverse Effect. 
 (b) Due Authorization. The execution, delivery and performance by the Company and the
Operating Partnership of this Agreement and each Transaction Document to which it is a party have been duly and validly authorized by all necessary actions required of the Company and the Operating Partnership, respectively. This Agreement and each
Transaction Document executed and delivered by or on behalf of the Company and the Operating Partnership constitutes, or when executed and delivered will constitute, the legal, valid and binding obligation of the Company and the Operating
Partnership, respectively, each enforceable against the Company and the Operating Partnership, respectively, in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar Laws affecting
creditors’ rights generally and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity). 

(c) Consents and Approvals. Assuming the accuracy of the representations and warranties of the Helmsley Group Members made
hereunder, no consent, order, waiver, approval or authorization of, or registration, qualification, designation, declaration or filing with, any Person or Governmental Authority or under any applicable Laws (each, a “Consent”) is
required to be obtained by the Company, the Operating Partnership or any of their Subsidiaries in connection with the execution, delivery and performance of this Agreement or any other 

  
 9 

 
agreement or document contemplated by this Agreement to which the Company or the Operating Partnership is a party, or any agreements or transactions contemplated hereby or thereby, except for
those consents, orders, waivers, approvals, authorizations, registrations, qualifications, designations, declarations or filings, the failure of which to obtain or to make, would not, individually or in the aggregate, reasonably be expected to have
a Material Adverse Effect, and except as contemplated in the Registration Rights Agreement. 
 (d) No Violation. None of
the execution, delivery or performance by the Company or the Operating Partnership of this Agreement or any other agreement or document contemplated by this Agreement to which the Company or the Operating Partnership is a party, or any agreement or
transaction contemplated hereby or thereby or the consummation of the transactions contemplated hereby or thereby does or will, with or without the giving of notice, lapse of time, or both, violate, conflict with, result in a breach of, or
constitute a default under or give to others any right of termination, acceleration, cancellation or other right under, (i) the Organizational Documents of the Company and the Operating Partnership, (ii) any agreement, document or
instrument to which the Company or the Operating Partnership is a party thereto or (iii) any term or provision of any judgment, order, writ, injunction, or decree binding on the Company or the Operating Partnership, except for, in the case of
clause (ii) or (iii), any such breaches or defaults that would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 (e) Class A Common Stock. The Class A Common Stock, when issued and delivered in accordance with the terms of this Agreement for the consideration described in this Agreement, will
have been (i) duly authorized by the Company and when issued against the consideration therefor, will be validly issued by the Company, (ii) fully paid and non-assessable, (iii) not subject to preemptive or similar rights created by
statute or any agreement to which the Company is a party or by which it is bound and (iv) free and clear of all Liens created by the Company (other than Liens created by the Articles). 

(f) No Broker. None of the Company, the Operating Partnership, any of their Subsidiaries, or any of their officers, directors or
employees, to the extent applicable, has entered into any agreement with any broker, finder or similar agent or any Person or firm that will result in the obligation of any Helmsley Group Member or any of their Affiliates to pay any finder’s
fee, brokerage fees or commissions or similar payment in connection with the transactions contemplated by this Agreement or engaged in any general solicitation within the meaning of Rule 502 under the Act. 

  
 10 

 (g) Taxes. 

(i) At the effective time of the IPO and the Closing, the Company shall be organized in a manner so as to qualify for
taxation as a real estate investment trust pursuant to Sections 856 through 860 of the Code. The Company intends to elect to be taxed and to operate in a manner that will allow it to qualify as a real estate investment trust for U.S. federal income
tax purposes commencing with its taxable year ending December 31 of the year in which the Closing takes place. 
 (ii) At the effective time of the IPO and at the Closing, the Operating Partnership shall be classified as a partnership and not an association or publicly traded partnership taxable as a corporation for
U.S. federal income tax purposes. 
 (iii) The Operating Partnership intends to report the transfers of the
Participation Interests on the basis that such transfers (other than the transfers hereunder by the Charitable Entities and the Helmsley Estate (to the extent applicable) and the transfers by non-accredited Participants and Participants who qualify
for the exemption provided under Section 11-2106(b)(2) of the Administrative Code of the City of New York) are eligible for (i) the reduced New York City transfer tax rate described in Section 11-2102(e) of the Administrative Code of
the City of New York (and as if the consideration for such transfers were determined under Section 11-2102(e)(3) of the Administrative Code of the City of New York) and (ii) the reduced New York real estate transfer tax rate described in
Section 1402(b) of the New York Tax Law. 
 (h) No Other Representations or Warranties. Other than the
representations and warranties expressly set forth in this Section 3.1, neither the Company nor the Operating Partnership shall be deemed to have made any other representation or warranty in connection with this Agreement or the
transactions contemplated hereby. All representations and warranties of the Company and the Operating Partnership contained in this Agreement shall expire at Closing. 
 Section 3.2 Representations and Warranties of the Helmsley Group Members. Each Helmsley Entity and Contributed Helmsley Entity severally and not jointly hereby represents and warrants as to
itself and not as to any other Helmsley Group Member and each of the Helmsley Estate and the Contributing Trust jointly and severally hereby represents and warrants as to itself to the Company and the Operating Partnership as set forth below in this
Section 3.2, which representations and warranties are true and correct as of the Effective Date (or such other date specifically set forth below): 
 (a) Organization; Authority. The Contributing Trust is a tax exempt charitable entity organized as a charitable trust duly formed and validly existing and in good standing under the Laws of New
York. Each Contributed Helmsley Entity is a limited liability company duly organized and validly existing and in good standing under the Laws of its jurisdiction of organization and, in each case, has all requisite power and authority to enter into
this Agreement and each Transaction Document and to carry out the transactions contemplated hereby and thereby. Each Contributed Helmsley Entity, to the extent required under applicable Laws, is qualified to do business and is in good standing in
each jurisdiction in which the nature of its business or the character of its property make such qualification necessary. None of the Contributed Helmsley Entities has any Subsidiaries. 

  
 11 

 (b) Due Authorization. The execution, delivery and performance by such Helmsley Group
Member of this Agreement and each Transaction Document to which it is a party has been duly and validly authorized by all necessary actions required of such entity. This Agreement and each Transaction Document executed and delivered by or on behalf
of such Helmsley Group Member constitutes, or when executed and delivered will constitute, the legal, valid and binding obligation of such Helmsley Group Member, each enforceable against such entity in accordance with its terms, subject to
applicable bankruptcy, insolvency, reorganization, moratorium and similar Laws affecting creditors’ rights generally and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding
at law or in equity). 
 (c) Litigation. Except for litigation relating to the REIT Contributing Entities or the assets
held thereby, there is no action, suit or proceeding pending or, to the knowledge of the Helmsley Estate or the Contributing Trust, threatened against or involving any Contributed Helmsley Entity or any Contributor relating to any Contributed
Interest. There is no outstanding order, writ, injunction or decree of any Governmental Authority against such Helmsley Group Member relating to or affecting all or any portion of the Contributed Interests that would materially impair such Helmsley
Group Member’s ability to execute, deliver or perform its obligations under this Agreement. 
 (d) Compliance with
Laws. Each Contributed Helmsley Entity has conducted its business in compliance in all material resects with all applicable Laws. None of the Helmsley Estate or the Contributing Trust has knowledge of, or has been informed in writing of, any
continuing material violation of any Laws relating to the conduct of the business of any of the Contributed Helmsley Entities or the commencement of any investigation respecting any such possible violation. 

(e) Ownership of Contributed Interests. As of the Closing, (i) the Contributing Trust will be the record and beneficial owner
of all of the outstanding membership interests of the Contributed Helmsley Entities or, to the extent the Contributing Trust is not the record and beneficial owner (as contemplated by Section 4.1(b)), a wholly-owned subsidiary of the
Helmsley Estate will be the record owner of such interest and the Contributing Trust will be the beneficial owner of such interest as the sole beneficiary of the Helmsley Estate and (ii) all of the Participation Interests set forth on
Exhibit A will be owned beneficially and of record by the Contributing Trust, a Helmsley Entity or a Contributed Helmsley Entity. Each Helmsley Entity is the record and beneficial owner of the Participation Interests in each respective REIT
Contributing Entity as set forth on Exhibit A as of the Effective Date, and the applicable Contributor will have the power and authority on the Closing Date to transfer, sell, assign and convey to the Company, the Operating Partnership or any
of their Subsidiaries, as applicable, the Contributed Interests free and clear of any Liens and, upon delivery of the Total Consideration for such Contributed Interests as provided herein, the Company, the Operating Partnership or such Subsidiary,
as applicable, will acquire good and valid title thereto, free and clear of any Liens. The Participation Interests set forth on Exhibit A constitute all of the Participation Interests owned directly or indirectly by any Helmsley Group Member
or their controlled 

  
 12 

 
Affiliates. Except as provided for or contemplated by this Agreement, as of the Closing, there will not be any rights, subscriptions, warrants, options, conversion rights, preemptive rights,
agreements, instruments or understandings of any kind outstanding (A) relating to the Contributed Interests or the Participation Interests set forth on Exhibit A or (B) to purchase, transfer or to otherwise acquire, or to in any way
encumber, any of the interests which comprise such Contributed Interests or Participation Interests set forth on Exhibit A or any securities or obligations of any kind convertible into any of the interests which comprise such Contributed
Interests and such Participation Interests. As of the Closing, all of the issued and outstanding membership interests in each Contributed Helmsley Entity has been duly authorized and is validly issued. 

(f) Consents and Approvals. Assuming the accuracy of the representations and warranties of the Company and the Operating
Partnership made hereunder, no Consent is required to be obtained by such Helmsley Group Member in connection with the execution, delivery and performance of this Agreement or any other agreement or document contemplated by this Agreement to which
such Helmsley Group Member is a party and the transactions contemplated hereby or thereby, except for those Consents (i) the failure of which to obtain or to make would not, individually or in the aggregate, reasonably be expected to have a
material adverse effect on the ability of the Contributors to effect the Contributions required hereby or (ii) that will have been obtained or made on or prior to the Closing Date. 

(g) No Violation. Assuming the accuracy of the representations and warranties of the Company and the Operating Partnership made
hereunder, none of the execution, delivery or performance by such Helmsley Group Member of this Agreement or any other agreement or document contemplated by this Agreement to which such entity is a party, or any agreement or transaction contemplated
hereby or thereby does or will, with or without the giving of notice, lapse of time, or both, violate, conflict with, result in a breach of, or constitute a default under or give to others any right of termination, acceleration, cancellation or
other right under, (i) the Organizational Documents of any such entity, (ii) any material agreement, document or instrument to which such Helmsley Group Member or any of their respective assets or properties are bound or (iii) any
material term or provision of any judgment, order, writ, injunction, or decree binding on any such entity. 
 (h) Taxes.

 (i) (A) Each of the Contributed Helmsley Entities is and has been since its formation treated as an entity
disregarded as an entity separate from its owner for U.S. federal income tax purposes and (B) none of the Contributed Helmsley Entities has received written notice from any Governmental Authority responsible for the assessment or collection of
Tax challenging the treatment described in clause (A). 
 (ii) (A) All material Tax returns and reports in
respect of taxes required to be filed by or on behalf of the Contributed Helmsley Entities have been timely filed (taking into account valid extensions) and are true correct and complete in all material respects, (B) all material Taxes required
to be paid by Supervisory Management Corp. and the Contributed Helmsley Entities or with respect to income attributable to the Participation Interests owned by the Supervisory Management Corp. and Contributed

  
 13 

 
Helmsley Entities have been timely (taking into account valid extensions) and properly paid (other than Taxes being contested in good faith and by appropriate proceedings) and (C) except as
set forth in Schedule 3.2(h)(ii)(C) of this Agreement, there are no pending, or to the knowledge of the Helmsley Estate or the Contributing Trust, threatened (in writing) actions or proceedings for the assessment or collection of Taxes
against Supervisory Management Corp. or the Contributed Helmsley Entities. 
 (iii) There are no Liens for Taxes
(other than statutory Liens for Taxes not yet due and payable and for Taxes being contested in good faith and by appropriate proceedings) upon any Contributed Interests of the Contributors. Each of the Charitable Entities qualifies for the
exemption from the New York City real property transfer tax described in Section 11-2106(b)(2) of the Administrative Code of the City of New York with respect to the transfers contemplated by this Agreement.

(i) Non-Foreign Status. None of the Contributors (or if any of the foregoing is a disregarded entity within the meaning of
Section 1.1445-2(d)(iii), its sole owner for such purposes) is a foreign person within the meaning of Section 1445 of the Code. 
 (j) Bankruptcy. No bankruptcy or similar insolvency proceeding has been filed or is currently contemplated with respect to any Contributor or any Contributed Helmsley Entity. 

(k) Investment. 
 (i) Each Contributor is acquiring Class A Common Stock solely for its own account for the purpose of investment and not as a nominee or agent for any other Person and with a view to, or for offer or
sale in connection with, any distribution thereof in violation of U.S. federal securities laws. Each Contributor agrees and acknowledges that it may not, directly or indirectly, offer, transfer, sell, assign, pledge, hypothecate or otherwise dispose
of (hereinafter, “Transfer”) any of the Class A Common Stock, unless (i) the Transfer is pursuant to an effective registration statement under the Act (or an exemption from such registration in accordance with clause
(ii) below) and qualification or other compliance under applicable blue sky or state securities laws, (ii) if requested by the Company, counsel for the transferor (which counsel shall be reasonably acceptable to the Company) shall have
furnished the Company with an opinion, reasonably satisfactory in form and substance to the Company, to the effect that no such registration is required because of the availability of an exemption from registration under the Act and (iii) the
Transfer otherwise is permitted by the Articles. 
 (ii) Each Contributor is knowledgeable, sophisticated and
experienced in business and financial matters and fully understands the limitations on transfer imposed by U.S. federal securities laws. Each Contributor is able to bear the economic risk of holding the Class A Common Stock for an indefinite
period and is able to afford the complete loss of its investment in the Class A Common Stock. Each Contributor has received and reviewed all information and documents about or pertaining to the issuance of the Class A Common Stock as the
Contributor deems necessary or desirable, and has been given the opportunity to obtain any additional information or documents and to ask 

  
 14 

 
questions and receive answers about such information and documents, the Company, the Operating Partnership and the business and prospects of the Company and the Operating Partnership which the
Contributor deems necessary or desirable to evaluate the merits and risks related to its investment in the Class A Common Stock; and each Contributor understands and has taken cognizance of all risk factors related to the purchase of the
Class A Common Stock set forth in the applicable Consent Solicitations. The Contributor is relying upon its own independent analysis and assessment (including with respect to Taxes), and the advice of such Contributor’s advisors (including
tax advisors), and not upon that of the Company or the Operating Partnership or any of the Company’s or the Operating Partnership’s Affiliates, for purposes of evaluating, entering into, and consummating the transactions contemplated
hereby. 
 (l) Holding Period. Each Contributor acknowledges that it has been advised that the shares of Class A
Common Stock issued pursuant to this Agreement are “restricted securities” (unless registered in accordance with applicable U.S. securities laws) under applicable U.S. federal securities laws and may be Transferred only in accordance with
Section 3.2(k)(i) and such Contributor understands that the Company has no obligation or intention to register any shares of Class A Common Stock, except to the extent set forth in the Registration Rights Agreement. 

(m) Accredited Investor. At the time of her death, Leona M. Helmsley would have qualified as an “accredited investor”
under the Act as such term is defined on the date hereof. As of the date hereof, the Helmsley Estate has total assets in excess of $5,000,000 and its investment decisions are made by one or more persons who possess such knowledge and experience in
financial and business matters as to be capable of evaluating the merits and risks of a prospective investment in the Company. Each Charitable Entity and each Helmsley Entity is an “accredited investor” under the Act. Each Charitable
Entity and each Helmsley Entity previously has provided the Operating Partnership and the Company with an Accredited Investor Questionnaire duly executed by such entity. No event or circumstance has occurred since delivery of such Questionnaire to
make the statements contained therein false or misleading. 
 (n) Limited Activities. Each Contributed Helmsley Entity is
a single purpose entity formed solely to own the Participation Interests in its respective REIT Contributing Entity and such Contributed Helmsley Entity has not engaged in any business or other activities, except in connection with ownership of its
Participation Interests in a REIT Contributing Entity. Each Contributed Helmsley Entity’s sole asset is its Participation Interest in a REIT Contributing Entity. None of the Contributed Helmsley Entities has incurred any liabilities or any
other obligations of any nature whatsoever, except liabilities or other obligations as a Participant in the REIT Contributing Entities. 
 (o) No Broker. Such Helmsley Group Member has not, nor, to the knowledge of the Contributing Trust or the Helmsley Estate, any of such Helmsley Group Member’s members, managing members,
partners, general partners, directors, officers or employees, to the extent applicable, has entered into any agreement with any broker, finder or similar agent or any Person or firm that will result in the obligation of the Company, the Operating
Partnership or any of their Affiliates to pay any finder’s fee, brokerage fees or commissions or similar payment in connection with the transactions contemplated by this Agreement; provided, however, that if a

  
 15 

 
finder’s fee, brokerage fee, commission or similar payment is due from any of the foregoing in respect of the transactions contemplated by this Agreement to any broker, finder or similar
agent or any Person or firm, such fee, commission or payment due will not be the obligation of the Company, the Operating Partnership or any of their Affiliates. 
 (p) No Other Representations or Warranties. Other than the representations and warranties expressly set forth in this Section 3.2, none of the Helmsley Group Members shall be deemed to
have made any other representation or warranty in connection with this Agreement or the transactions contemplated hereby. 

Section 3.3 Survival of Representations and Warranties. Except as otherwise provided, all representations and warranties
contained in Section 3.2 or in any certificate or affidavit delivered by a Helmsley Group Member pursuant to the Agreement shall survive until the first anniversary of the Closing; provided, however, that: 

(a) the representations and warranties in Sections 3.2(h) and (i) shall survive until 60 days after the expiration of
the relevant period of limitations with respect to any Taxes to which such representations pertain, and 
 (b) the
representations and warranties in Sections 3.2(a), (b), (e), (g) and (o) shall survive the Closing. 
 ARTICLE 4 
 COVENANTS 

Section 4.1 Covenants of the Helmsley Group Members. 

(a) From the Effective Date through the Closing, and except as contemplated by this Agreement, the applicable Helmsley Group Member will
not, without the prior written consent of the Operating Partnership, which consent will not be unreasonably withheld, conditioned or delayed: 
 (i) Sell, transfer (or agree to sell or transfer) or otherwise dispose of, or cause the sale, transfer or disposition of (or agree to do any of the foregoing) all or any portion of the Contributed
Interests; 
 (ii) Pledge, hypothecate or encumber all or any portion of the Contributed Interests; 

(iii) Cause or take any action that would render any of the representations or warranties set forth in
Section 3.2 untrue in any material respect; 
 (iv) Authorize or consent to any of the actions
prohibited by this Agreement or any of the Closing Documents; 
 (v) Amend the Organizational Documents of the
Contributed Helmsley Entities; 

  
 16 

 (vi) Adopt a plan of liquidation, dissolution, merger, consolidation,
restructuring, recapitalization or reorganization that would prevent the transfer the Contributed Interests pursuant to this Agreement; and 
 (vii) With respect to the Contributed Helmsley Entities only, make or change any material Tax elections; settle or compromise any material claim, notice, audit report or assessment in respect of Taxes;
change any Tax accounting period; adopt or change any method of Tax accounting; file any amended Tax return; enter into any Tax indemnity agreement, Tax sharing agreement, Tax protection agreement, Tax allocation agreement or similar contract or Tax
closing or settlement agreement relating to any Tax; surrender of any right to claim a Tax refund; or consent to any extension or waiver of the statute of limitations period applicable to any Tax claim or assessment; in each case, other than in the
ordinary course of business and consistent with past practice. 
 (b) The Helmsley Estate acknowledges that it intends to cause
the transfer, on or prior to the Closing Date, of all of the interests beneficially owned by it in each Contributed Helmsley Entity to the Contributing Trust, and to the extent such transfers to the Contributing Trust have not been consummated or
are not effective as of the Closing, the Helmsley Estate agrees it shall, with respect to any Contributed Helmsley Entity not so transferred to the Contributing Trust (i) remain bound by and perform all obligations of the Helmsley Estate under
all agreements to which it is a party or is otherwise bound relating to the Consolidation Transaction in respect of such Contributed Helmsley Entity and the related Contributed Interests and the Participation Interests held by such Contributed
Helmsley Entity and (ii) perform all obligations that the Contributing Trust would have been required to perform hereunder if such Contributed Helmsley Entity had been transferred to the Contributing Trust. 

(c) Each Helmsley Group Member (other than the Helmsley Estate) agrees to assume the rights and obligations of the Helmsley Estate and
any of its Affiliates that are not Helmsley Group Members under each agreement to which the Helmsley Estate or any such Affiliate is a party or is otherwise bound that was executed prior to the date hereof in connection with the Consolidation
Transaction or directly relating to a REIT Contributing Entity in which a Helmsley Entity or a Contributed Helmsley Entity is a Participant to the extent required to carryout the purposes and intent of this Agreement and the transactions
contemplated by this Agreement. 
 (d) The Contributing Trust, directly or indirectly, shall cause each Contributed Helmsley
Entity to perform all of the obligations required to be performed by such Contributed Helmsley Entity under this Agreement. To the extent the Contributing Trust does not have the power to do so but the Helmsley Estate does have such power, the
Helmsley Estate, directly or indirectly, shall cause each Contributed Helmsley Entity to perform all of the obligations required to be performed by such Contributed Helmsley Entity under this Agreement. 

(e) The Contributors shall prepare and file all material transfer tax returns required to be filed with respect to the transfers
contemplated by this Agreement and in connection therewith, take any actions reasonably necessary to claim an exemption from the New York City real property transfer tax under Section 11-2106(b)(2) of the Administrative Code of the City of New
York. At least fifteen (15) days before the Closing, the Contributors 

  
 17 

 
shall provide the Operating Partnership a draft of such returns and shall consider in good faith all comments that are reasonably made by the Company or the Operating Partnership. The
Contributors shall reasonably cooperate with the Company and the Operating Partnership in the preparation and filing of all transfer tax and other tax returns relating to the Consolidation Transaction, including, without limitation,
(i) providing the Company and the Operating Partnership with any requested information that is reasonably required in order prepare and file such returns and (ii) signing and jointly filing any transfer tax returns with the Operating
Partnership or any Subsidiary as required by law. 
 (f) If a finder’s fee, brokerage fee, commission or similar payment is
due to a broker, finder or similar agent or any Person or firm as a result of an agreement with a Helmsley Group Member or a member, managing member, partner, general partner, director, officer or employee of such Helmsley Group Member that results
in the payment of such obligation by the Company, the Operating Partnership or any of their Affiliates, such fee will be reimbursed by the applicable Contributor. 
 Section 4.2 Indemnification. (a) From and after the Closing, the Contributors shall indemnify and hold harmless, without duplication, the Company, the Operating Partnership and any of
their Subsidiaries from and against any Losses, including without limitation, Taxes due and penalties and interest accrued thereon, arising out of, relating to or in connection with (i) any material breach by a Helmsley Group Member of any
representation or warranty contained in Section 3.2, (ii) any material breach by a Helmsley Group Member of any covenant contained in this Agreement (iii) the ownership of the Participation Interests, the conduct of the
business of any Contributed Helmsley Entity or any other facts or circumstances relating to any Contributed Helmsley Entity arising during any period occurring prior to the Closing Date and (iv) any transfer taxes described in
Section 1.3(a)(ii) required to be paid by the Operating Partnership due to (A) the failure of the transfers by the Charitable Entities, to qualify for the exemption from the New York City real property transfer tax described in
Section 11-2106(b)(2) of the Administrative Code of the City of New York or (B) any action or inaction of the Charitable Entities, the Helmsley Estate or any Contributed Helmsley Entity; provided that, in the case of clause
(iv) above, in no event shall such amount exceed the amount previously paid to the Charitable Entities under Section 1.3(a)(ii) hereof increased by any interest and penalties on such transfer taxes (assuming, for purposes of
determining the amount of such interest and penalties, that the transfers from the applicable Charitable Entity were eligible for the reduced New York City real property transfer tax rate described in Section 11-2102(e) of the Administrative
Code of the City of New York, and the consideration for such transfers was determined under Section 2102(e)(3) of the Administrative Code of the City of New York, and taking into account Section 23-02, Consideration (2) of the Rules
of the City of New York); provided further, that this clause (iv) above shall be the exclusive provision under this Section 4.2(a) addressing the indemnification relating to transfer taxes. 

(b) The Operating Partnership and its Subsidiaries shall indemnify and hold harmless the Charitable Entities and the Helmsley Estate for
any New York City real property transfer tax and New York State real estate transfer tax (in each case, including any interest, penalties and similar additions thereto) due with respect to the transfers by the Contributors contemplated under this
Agreement to the extent that any such transfer taxes are paid by the Charitable Entities or the Helmsley Estate, except to the extent that any Charitable Entity would 

  
 18 

 
be required to make a payment to the Operating Partnership or any of its Subsidiaries with respect to any such taxes under Section 4.2(a)(iv) if such taxes were paid by the Operating
Partnership or any of its Subsidiaries. 
 Section 4.3 Commercially Reasonable Efforts. Subject to the terms and
conditions provided in this Agreement, each of the Company, the Operating Partnership and each Helmsley Group Member covenants and agrees to use commercially reasonable efforts and cooperate with each other in (a) promptly determining whether
any filings are required to be made or consents, approvals, waivers, permits or authorizations are required to be obtained (under any applicable Laws or from any Governmental Authority or third party) in connection with the transactions contemplated
by this Agreement, (b) promptly making any such filings, furnishing information required in connection therewith and timely seeking to obtain any such consents, approvals, waivers, permits or authorizations and (c) taking all actions and
doing, or causing to be done, all things necessary, proper and/or appropriate to consummate and make effective the transactions contemplated by this Agreement. 
 ARTICLE 5 
 MISCELLANEOUS 

Section 5.1 Defined Terms. 
 (a) Each of the following terms is defined in the Section set forth opposite such term: 
  

			
	TERM	  	SECTION
		
	Agreement	  	Preamble
	Articles	  	2.3(a)
	Class A Common Stock	  	Recital B
	Closing	  	2.2
	Closing Date	  	2.2
	Closing Documents	  	2.3
	Common Stock	  	Recital B
	Company	  	Preamble
	Consent	  	3.1(c)
	Consent Solicitation	  	Recital A
	Consolidation Transaction	  	Recital A
	Contributed Helmsley Entity	  	Recital D
	Contributed Interests	  	Recital E
	Contributing Trust	  	Preamble
	Contributions	  	Recital E
	Contribution Agreement	  	Recital A
	DTC Registered REIT Stock	  	1.3(e)

  
 19 

			
	TERM	  	SECTION
		
	 Effective Date
	  	Preamble
	 Excluded Asset
	  	1.3(f)
	 Foundation
	  	Preamble
	 Helmsley Consent
	  	1.5
	 Helmsley Entities
	  	Preamble
	 Helmsley Estate
	  	Preamble
	 IPO
	  	Recital A
	 IPO Closing
	  	2.2
	 Management Company
	  	Recital A
	 OP Units
	  	Recital B
	 Operating Partnership
	  	Preamble
	 Option Transaction
	  	Recital A
	 Optional Contributing Entities
	  	Recital A
	 Participant
	  	Recital B
	 Portfolio Sale
	  	1.5
	 REIT Contributing Entities
	  	Recital A
	 Registration Rights Agreement
	  	2.4(a)
	 Side Letters
	  	5.4
	 Supervisory LLC
	  	Recital D
	 Termination Date
	  	1.6
	 Total Consideration
	  	1.3(a)
	 Transaction Documents
	  	3.1(a)(i)
	 Transfer
	  	3.2(k)(i)

 (b) For the purposes of this Agreement, the following terms have the meanings set forth below.

 “Act” means Securities Act of 1933, as amended. 

“Affiliate” means, with respect to any Person, a Person that, directly or indirectly, through one or more
intermediaries, controls, is controlled by, or is under common control with the specified Person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlled by” and “under
common control with”) as used with respect to any Person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting
securities, by agreement or otherwise. 
 “Alternate Transaction” means (i) the restructuring of the
Consolidation Transaction as either (A) a merger of a REIT Contributing Entity or a Subsidiary with and into either the 

  
 20 

 
Company or a wholly-owned subsidiary of the Company or the Operating Partnership or a wholly-owned subsidiary of the Operating Partnership or (B) a merger of a wholly-owned subsidiary of
either the Company or the Operating Partnership with and into a REIT Contributing Entity or a Subsidiary, in each case, to the extent such alternate transaction does not adversely affect the economic benefits to its Participants (taking into account
the Tax treatment of such alternate transaction) or (ii) any other transaction pursuant to which the Company, the Operating Partnership or any of their Subsidiaries acquire a REIT Contributing Entity or all of its assets in a transaction
pursuant to which the economic benefits (taking into account the Tax treatment of such alternate transaction) to the Company, the Operating Partnership and such REIT Contributing Entity’s Participants are not adversely affected by such
alternate transaction as compared to the economic benefits to be received by the Company, the Operating Partnership and its Participants pursuant to each REIT Contributing Entity’s Contribution Agreement. 

“Business Day” means any day that is not a Saturday, Sunday or legal holiday in the State of New York. 

“Charitable Entities” means the Contributing Trust and the Foundation. 

“Code” means the Internal Revenue Code of 1986, as amended. 

“Committee” means one or more committees formed in connection with the transactions contemplated hereby, in each case
consisting of representatives of the Supervisor and the Helmsley Estate, each of which has such powers and authority as the parties agree and all actions of which shall require unanimous approval. 

“Contributors” means each of the Charitable Entities and, to the extent the Helmsley Estate does not transfer the
interests beneficially owned by it in any Contributed Helmsley Entity to the Contributing Trust but rather contributes (or causes the contribution of) such interests directly to the Operating Partnership or its designee as contemplated by
Section 4.1(b) hereof, the Helmsley Estate. 
 “Foundation” means the The Leona and Harry B.
Helmsley Foundation, Inc. 
 “Governmental Authority” means any government or agency, bureau, board,
commission, court, department, official, political subdivision, tribunal or other instrumentality of any government, whether federal, state or local, domestic or foreign. 
 “Helmsley Group Member” means each Helmsley Entity, each Contributed Helmsley Entity, the Helmsley Estate and the Contributing Trust. 

“Laws” means applicable laws, statutes, rules, regulations, codes, orders, ordinances, judgments, injunctions and
decrees of any Governmental Authority. 
 “Lien” means all pledges, claims, liens, charges, restrictions,
controls, easements, rights of way, exceptions, reservations, leases, licenses, grants, covenants and conditions, encumbrances and security interests of any kind or nature whatsoever. 

  
 21 

 “Losses” means all losses, damages, liabilities, fees, charges, costs and
expenses of any nature whatsoever, including without limitation, amounts paid in settlement, reasonable attorneys’ fees, costs of investigation, costs of investigative judicial or administrative proceedings or appeals therefrom and costs of
attachment or similar bonds. 
 “Material Adverse Effect” means, a material adverse effect on the Company, the
Operating Partnership and their Subsidiaries and their properties taken as a whole, after giving effect to the Consolidation Transaction and the IPO. 
 “Organizational Documents” means with respect to any entity, the certificate of formation, limited liability company agreement or operating agreement, participating agreements,
certificate of incorporation, bylaws, certificate of limited partnership, limited partnership agreement and any other governing instrument, as applicable. 
 “Participation Interests” means the limited liability company, general or limited partnership interests in a REIT Contributing Entity, as applicable and, to the extent a limited liability
company, general or limited partnership interests are held by an agent for the benefit of participants, the beneficial ownership of such interests. 
 “Person” means an individual, corporation, partnership, limited liability company, joint venture, association, trust, unincorporated organization or other entity. 

“Subsidiary” means any corporation, partnership, limited liability company, joint venture, trust or other legal entity
which the applicable Person owns (either directly or through or together with another Subsidiary) either (i) a general partner, managing member or other similar interest or (ii)(A) 50% or more of the equity interests or (B) 50% or more of
the outstanding voting capital stock or other voting equity interests of such corporation, partnership, limited liability company, joint venture or other legal entity. As used herein, “Subsidiary” or “Subsidiaries”
refers to the Subsidiaries of the Company or the Operating Partnership, as applicable, unless the context otherwise requires. 

“Supervisor” means Malkin Holdings LLC or any of it Affiliates, in such Person’s capacity as the supervisor of
certain of the REIT Contributing Entities, as applicable. 
 “Taxes” means all applicable U.S. federal, state,
local and foreign income, withholding, property, sales, franchise, employment, transfer, excise and other taxes, tariffs or governmental charges of any nature whatsoever, including estimated taxes, together with penalties, interest or additions to
taxes with respect thereto. 
 Section 5.2 Notices. All notices and other communications under this Agreement shall
be in writing and shall be deemed given when (a) delivered personally, (b) five (5) Business Days after being mailed by certified mail, return receipt requested and postage prepaid, (c) one (1) Business Day after being sent
by a nationally recognized overnight courier or (d) transmitted by facsimile if confirmed within twenty-four (24) hours thereafter by a signed original sent in the manner provided in clause (a), (b) or (c) to the parties at the
following addresses (or at such other address for a party as shall be specified by notice from such party). 

  
 22 

 To the Company and/or the Operating Partnership: 

One Grand Central Place 
 60 East 42nd Street 
 New York, New York 10165 

Phone: (212) 953-0888 
 Facsimile: (212) 986-8795 
 Attn: General Counsel 

with a copy to: 

Clifford Chance US LLP 
 31 West 52nd
Street 
 New York, NY 10019 
 Phone: (212) 878-8000 
 Facsimile: (212) 878-8375 

Attn: Larry P. Medvinsky, Esq. 
 To a Helmsley Group Member: 
 c/o Helmsley Enterprises, Inc. 

230 Park Ave 

Ste 659 
 New
York, NY 10169 
 Phone – (212) 679-3600 
 Fax – (212) 867-7570 
 Attn: General Counsel 

with a copy to: 

Skadden, Arps, Slate, Meagher & Flom LLP 
 Four Times Square 
 New York, NY 10036 

Phone: (212) 735-2600 
 Facsimile: (917) 777-2600 
 Attn: Benjamin F. Needell, Esq. 

Section 5.3 Counterparts. This Agreement may be executed in counterparts, all of which shall be considered one and the same
agreement and shall become effective when one or more counterparts have been signed by each party and delivered to each other party. 
 Section 5.4 Entire Agreement; Third-Party Beneficiaries. This Agreement and the Closing Documents, including, without limitation, the exhibits hereto and thereto, constitute the entire
agreement and supersede each prior agreement and understanding, whether written or oral, among the parties regarding the subject matter of this Agreement and the Closing Documents. This Agreement is not intended to confer any rights or remedies on
any Person other than the parties hereto and the Subsidiaries of the Company or the Operating Partnership in respect of Section 4.2 hereof. Nothing herein shall be deemed to affect the rights of Malkin Holdings LLC,

  
 23 

 
the Helmsley Estate or any Affiliate of the Helmsley Estate pursuant to (a) that certain side letter agreement, of even date herewith, between Malkin Holdings LLC and the Helmsley Estate in
respect of the Committee, and that certain side letter agreement, dated January 14, 2011, between Malkin Holdings and the Helmsley Estate affiliates party thereto relating to actions to be taken in connection with the Consolidation Transaction
(collectively, the “Side Letters”), and in the event of a conflict between either Side Letter agreement and this Agreement the terms of such Side Letter shall control and (b) the Helmsley Consent. 

Section 5.5 Governing Law. This Agreement shall be governed by, and construed in accordance with, the Laws of the State of
New York, regardless of any Laws that might otherwise govern under applicable principles of conflict of laws thereof. 

Section 5.6 Amendment; Waiver. Any amendment hereto shall be in writing and signed by all parties hereto. No waiver of any
provisions of this Agreement shall be valid unless in writing and signed by the party against whom enforcement is sought. 

Section 5.7 Assignment. This Agreement shall be binding upon, and shall be enforceable by and inure to the benefit of, the
parties hereto and their permitted respective heirs, legal representatives, successors and assigns; provided, however, that this Agreement may not be assigned (except by operation of law) by any party without the prior written
consent of the other parties, and any attempted assignment without such consent shall be null and void and of no force and effect, except that (a) the Operating Partnership may designate assignees pursuant to Section 1.2 and
otherwise may assign its rights and obligations hereunder to a wholly-owned subsidiary of the Operating Partnership and (b) the Helmsley Estate may transfer or cause the transfer of any of the equity interests in any Helmsley Entity or any
Participation Interest held by a Helmsley Entity to an Affiliate of the Helmsley Estate; provided that any such transferee shall be deemed a “Helmsley Entity”, and, to the extent not already a party hereto, shall execute an
agreement to become a party to and be bound by the this Agreement, and to the extent such transferee is contributed to the Company, the Operating Partnership or any Subsidiary of the Company or the Operating Partnership as contemplated hereby shall
constitute a “Contributed Helmsley Entity” for purposes of this Agreement, and shall have all of the rights and obligations in respect of a Helmsley Entity or a Contributed Helmsley Entity, as applicable, except as otherwise agreed
by the Operating Partnership. For the avoidance of doubt, any reference to an acquisition by the Operating Partnership shall also be deemed to refer to an acquisition by any of its Subsidiaries. 

Section 5.8 Jurisdiction. The parties hereby (a) submit to the exclusive jurisdiction of any state or federal court
sitting in New York County, New York with respect to any dispute arising out of this Agreement or any transaction contemplated hereby to the extent such courts would have subject matter jurisdiction with respect to such dispute and
(b) irrevocably waive, and agree not to assert by way of motion, defense, or otherwise, in any such action, any claim that it is not subject personally to the jurisdiction of the above named courts, that its property is exempt or immune from
attachment or execution, that the action is brought in an inconvenient forum or that the venue of the action is improper. 

Section 5.9 Severability. Each provision of this Agreement will be interpreted so as to be effective and valid under
applicable Law, but if any provision is held invalid, illegal or 

  
 24 

 
unenforceable under applicable Law in any jurisdiction, then such invalidity, illegality or unenforceability will not affect any other provision, and this Agreement will be reformed, construed
and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision never had been included in this Agreement. 
 Section 5.10 Rules of Construction. 
 (a) The parties agree that they
have been represented by counsel during the negotiation, preparation and execution of this Agreement and, therefore, waive the application of any Law, regulation, holding or rule of construction providing that ambiguities in an agreement or other
document will be construed against the party drafting such agreement or document. 
 (b) The words “hereto,”
“hereof,” “herein” and “herewith” and words of similar import shall, unless otherwise stated, be construed to refer to this Agreement as a whole and not to any particular provision of this Agreement, and article,
section, paragraph, exhibit and schedule references are to the articles, sections, paragraphs, exhibits and schedules of this Agreement unless otherwise specified. Whenever the words “include,” “includes” or “including”
are used in this Agreement, they shall be deemed to be followed by the words “without limitation.” All terms defined in this Agreement shall have the defined meanings contained herein when used in any certificate or other document made or
delivered pursuant hereto unless otherwise defined therein. The definitions contained in this Agreement are applicable to the singular as well as the plural forms of such terms and to the masculine as well as to the feminine and neuter genders of
such terms. Any agreement, instrument or statute defined or referred to herein or in any agreement or instrument that is referred to herein means such agreement, instrument or statute as from time to time, amended, qualified or supplemented,
including (in the case of agreements and instruments) by waiver or consent and (in the case of statutes) by succession of comparable successor statutes and all attachments thereto and instruments incorporated therein. References to a Person are also
to its permitted successors and assigns. 
 Section 5.11 Time of the Essence. Time is of the essence with respect to
all obligations under this Agreement. 
 Section 5.12 Descriptive Headings. The descriptive headings in this
Agreement are inserted for convenience only and are not intended to be part of or to affect the meaning or interpretation of this Agreement. 
 Section 5.13 No Personal Liability Conferred. This Agreement shall not create or permit any personal liability or obligation on the part of any shareholder, managing member, member, general
partner, trustee, executor, director, officer or employee of any Helmsley Group Member, the Supervisor, the Company or the Operating Partnership, to the extent applicable, in their capacities as such. 

Section 5.14 Changes to Form Agreements. Each Contributor agrees and confirms that the terms of the Class A Common Stock
and the Consent Solicitation are not final and may be modified depending on the prevailing market conditions at the time of the IPO. In addition, each applicable Helmsley Group Member acknowledges that (a) the information presented in the

  
 25 

 
Consent Solicitation for the REIT Contributing Entity in which it directly or indirectly owns Participation Interests and the attachments thereto will be preliminary and is subject to change
(particularly management’s discussion and analysis of financial condition and results of operation, the financial statements and footnotes thereto, the preliminary pro forma financial statements and footnotes thereto, the property information,
the IPO price and the assumed range of shares estimated to be offered in the IPO) in connection with the completion of the audit, the review and comments of the SEC and the investor feedback received during the course of the IPO, (c) the
Consolidation Transactions may be consummated even if less than all of the REIT Contributing Entities participate in the Consolidation Transactions, provided that the Empire State Building Associates L.L.C. and Empire State Building Company L.L.C.
must participate in the Consolidation Transactions, (d) the participation of each Contributed Helmsley Entity in the Consolidation Transactions is not conditioned on the participation of any other Contributed Helmsley Entity, (e) there is
likely to be an extended period of time before the Consolidation Transactions are completed and the terms of the Consolidation Transactions as described in the Consent Solicitation, including the exchange values of each REIT Contributing Entity, may
be significantly different than described in such documents existing as of the date hereof and (f) notwithstanding the foregoing differences, this Agreement will be binding. 

Section 5.15 Further Assurances. The Helmsley Group Members, on the one hand, and the Company and the Operating Partnership,
on the other hand, shall promptly take any and all such other actions and execute such additional documents prior to and following the Closing as the other may reasonably request in order to effect the transactions contemplated hereby, including the
transfer of the Contributed Interests to the Company, the Operating Partnership or a Subsidiary, as the case may be, as contemplated hereby. 
 Section 5.16 Reliance. Each party to this Agreement acknowledges and agrees that it is not relying on tax advice or other advice from the other party to this Agreement, and that it has
consulted with or will consult with its own advisors. 
 Section 5.17 Survival. The covenants and agreements in this
Agreement or in any instrument delivered pursuant to this Agreement shall not survive the Closing, except for those covenants and agreements contained herein and therein which by their terms apply in whole or in part after the Closing and then only
to such extent. 
 Section 5.18 Equitable Remedies; Limitation on Damages. The parties agree that irreparable damage
would occur in the event that any of the provisions of this Agreement were not performed in accordance with the specific terms hereof or were otherwise breached. It is accordingly agreed that the parties shall be entitled to an injunction or
injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions hereof in any federal or state court located in New York (as to which the parties agree to submit to jurisdiction for the purpose of such action),
this being in addition to any other remedy to which the parties are entitled under this Agreement; provided, however, that nothing in this Agreement shall be construed to permit any Contributed Helmsley Entity to enforce consummation
of the IPO. 
 [SIGNATURE PAGE FOLLOWS] 

  
 26 

 IN WITNESS WHEREOF, the parties have duly executed and delivered this Contribution Agreement
as of the date first written above. 
  

			
	COMPANY
	
	EMPIRE REALTY TRUST, INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	OPERATING PARTNERSHIP
	
	EMPIRE REALTY TRUST, L.P.
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	HELMSLEY ENTITIES
	
	 LMH ESB Associates LLC
 By: Helmsley Enterprises, Inc., as non-member manager

		
	By:	 	  

		 	Name: Harold A. Meriam
		 	Title: Senior Vice President
	
	LMH EAST 60 LLC
	By: Helmsley Enterprises, Inc., as non-member manager
		
	By:	 	  

		 	Name: Harold A. Meriam
		 	Title: Senior Vice President
	
	LMH 57 LLC
	By: Helmsley Enterprises, Inc., as non-member manager
		
	By:	 	  

		 	Name: Harold A. Meriam
		 	Title: Senior Vice President
	
	LMH 1333 LLC
	By: Helmsley Enterprises, Inc., as non-member manager
		
	By:	 	  

		 	Name: Harold A. Meriam
		 	Title: Senior Vice President

 
			
	LMH EQUITIES LLC
	By: Helmsley Enterprises, Inc., as non-member manager
		
	By:	 	  

		 	Name: Harold A. Meriam
		 	Title: Senior Vice President
	
	LMH 1350 LLC
	By: Helmsley Enterprises, Inc., as non-member manager
		
	By:	 	  

		 	Name: Harold A. Meriam
		 	Title: Senior Vice President
	
	LMH MARLBORO LLC
	By: Helmsley Enterprises, Inc., as non-member manager
		
	By:	 	  

		 	Name: Harold A. Meriam
		 	Title: Senior Vice President
	
	LMH EBC, LLC
	By: Helmsley Enterprises, Inc., as non-member manager
		
	By:	 	  

		 	Name: Harold A. Meriam
		 	Title: Senior Vice President
	
	LMH LINCOLN LLC
	By: Helmsley Enterprises, Inc., as non-member manager
		
	By:	 	  

		 	Name: Harold A. Meriam
		 	Title: Senior Vice President

 
			
	LMH FISK LLC
	By: Helmsley Enterprises, Inc., as non-member manager
		
	By:	 	  

		 	Name: Harold A. Meriam
		 	Title: Senior Vice President
	
	SUPERVISORY MANAGEMENT CORP.
		
	By:	 	  

		 	Name: Harold A. Meriam
		 	Title: Vice President
	
	HARRY AND LEONA HELMSLEY FOUNDATION, INC.
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	CONTRIBUTING TRUST
	
	THE LEONA M. AND HARRY B. HELMSLEY CHARITABLE TRUST
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:
	
	HELMSLEY ESTATE
	
	ESTATE OF LEONA M. HELMSLEY
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00199-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00199-of-00352.parquet"}]]