SEC Contract Filing

Filing Date: 2017-07-21

Document Content:
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<TYPE>EX-10.6
<SEQUENCE>18
<FILENAME>a17-17912_1ex10d6.htm
<DESCRIPTION>EX-10.6
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 10.6</font></b></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">REGISTRATION RIGHTS AGREEMENT</font></b></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This REGISTRATION RIGHTS AGREEMENT is entered into as of July&nbsp;18, 2017 by and among JBG Smith Properties, a Maryland real estate investment trust (the &#147;<u>Company</u>&#148;), and the holders listed on <u>Schedule I</u> hereto (each an &#147;<u>Initial Holder</u>&#148; and, collectively, the &#147;<u>Initial Holders</u>&#148;).</font></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RECITALS</font></b></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the Company and JBG SMITH Properties LP, a Delaware limited partnership (the &#147;<u>Operating Partnership</u>&#148;), have concurrently engaged in certain combination transactions as more fully set forth in that certain Master Transaction Agreement dated as of October&nbsp;31, 2016 by and among Vornado Realty Trust, Vornado Realty L.P., JBG Properties Inc., JBG/Operating Partners, L.P., certain affiliates of JBG Properties Inc., the Company and the Operating Partnership (the &#147;<u>Combination Transactions</u>&#148;), pursuant to which the Initial Holders have concurrently received, in exchange for their (or certain related parties&#146;) respective interests in the entities participating in the Combination Transactions, common units of limited partnership interest in the Operating Partnership (&#147;<u>OP Units</u>&#148;);</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, upon the terms and subject to the conditions contained in the Operating Partnership Agreement (as defined below), OP Units will be redeemable for cash or, at the Company&#146;s option, exchangeable for shares of beneficial interest of the Company, par value $0.01 per share (the &#147;<u>Common Shares</u>&#148;); and</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, as a condition to the Combination Transactions, the Company has agreed to grant the Initial Holders and their permitted assignees and transferees the registration rights set forth in <u>Article&nbsp;II</u> hereof.</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">NOW, THEREFORE, in consideration of the premises and the mutual agreements herein contained, and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:</font></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ARTICLE&nbsp;I</font></b></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">DEFINITIONS</font></b></p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;1.1.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Definitions</u>.&#160; The following terms, as used herein, have the following meanings:</p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<u>Affiliate</u>&#148; of any Person means any other Person directly or indirectly controlling or controlled by or under common control with such Person.&#160; For the purposes of this definition, &#147;control&#148; when used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of t