SEC Contract Filing

Filing Date: 2016-08-02

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>v445674_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>EXECUTION VERSION</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>TERMINATION AND RELEASE AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This TERMINATION AND
RELEASE AGREEMENT, dated as of August 2, 2016 (this &ldquo;<U>Agreement</U>&rdquo;), is made by and among New York REIT, Inc.,
a Maryland corporation (&ldquo;<U>Giants</U>&rdquo;), New York Recovery Operating Partnership, L.P., a Delaware limited partnership
and the operating partnership of Giants (the &ldquo;<U>Operating Partnership</U>&rdquo; and together with Giants, the &ldquo;<U>Giants
Parties</U>&rdquo;), JBG Properties Inc., a Maryland corporation (&ldquo;<U>Jaguar Properties</U>&rdquo;), JBG/Operating Partners,
L.P., a Delaware limited partnership (&ldquo;<U>Jaguar Operating Partners</U>&rdquo; and together with Jaguar Properties, the &ldquo;<U>Jaguar
Management Entities</U>&rdquo;) and the Jaguar Properties affiliates listed on Schedule A to the Master Combination Agreement (as
defined below) (the &ldquo;<U>Jaguar Funds</U>&rdquo; and together with the Jaguar Management Entities, the &ldquo;<U>Jaguar Parties</U>&rdquo;
and together with the Giants Parties, collectively, the &ldquo;<U>Parties</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RECITALS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Parties
entered into a Master Combination Agreement, dated as of May 25, 2016 (the &ldquo;<U>Master Combination Agreement</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, pursuant to
<U>Section 1.7</U> of the Master Combination Agreement, each Jaguar Party has irrevocably appointed Jaguar Properties as its representative
(the &ldquo;<U>Jaguar Representative</U>&rdquo;) and to be the agent, proxy and attorney-in-fact for it regarding any matter relating
to or arising from the Master Combination Agreement, including the full power and authority on its behalf to (a) terminate the
Master Combination Agreement, (b) dispute, compromise, settle and pay any claims arising in connection with the Master Combination
Agreement or the Transactions and (c) take all other actions to be taken by or on its behalf in connection with the Master Combination
Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, Giants and
the Jaguar Representative desire to terminate the Master Combination Agreement and settle any and all claims between or among the
Parties that could be made in connection with or arising out of the Master Combination Agreement, any Ancillary Document or the
Transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, in connection
with entering into the Master Combination Agreement, Jaguar Operating Partners and certain Giants stockholders entered into a Support
Agreement dated as of May 25, 2016 (the &ldquo;<U>Support Agreement</U>&rdquo;) that terminates upon the valid termination of the
Master Combination Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, in
consideration of the foregoing premises and the respective representations, warranties, covenants and agreements contained herein,
and intending to be legally bound, the Parties hereby agree as follows:</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">ARTICLE I</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">DEFINITIONS</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Section 1.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Definitions</U>. Unless
otherwise specifically defined herein, each capitalized term used but not defined herein shall have the meaning assigned to such
term in the Master Combination Agreement.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: bold 10pt Tim