SEC Contract Filing

Filing Date: 2018-03-22

Document Content:
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<TYPE>EX-10
<SEQUENCE>3
<FILENAME>votingagr.htm
<DESCRIPTION>VOTING AND SUPPORT AGREEMENT
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<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">VOTING AND SUPPORT AGREEMENT</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">This <B>VOTING AND SUPPORT AGREEMENT</B>
(this &ldquo;<U>Agreement</U>&rdquo;), dated as of March 22, 2018, is entered into by and among BRE Foxtrot Parent LLC, a Delaware
limited liability company (&ldquo;<U>Buyer</U>&rdquo;), and those parties listed on <U>Schedule A</U> hereto (each a &ldquo;<U>Shareholder</U>&rdquo;
and collectively the &ldquo;<U>Shareholders</U>&rdquo;).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in"><B>WHEREAS</B>, as of the date hereof,
each Shareholder is the record and beneficial owner (as defined in Rule 13d-3 under the Exchange Act) of the number of shares of
common stock, par value $0.10 per share (&ldquo;<U>Common Stock</U>&rdquo;), of FRP Holdings, Inc., a Florida corporation (the
&ldquo;<U>Parent</U>&rdquo;) set forth opposite such Shareholder&rsquo;s name on <U>Schedule A</U> (all such shares set forth on
<U>Schedule&nbsp;A</U>, together with any additional shares of Common Stock of the Parent that are hereafter issued to, or otherwise
acquired or owned, beneficially or of record, by, the Shareholders prior to the termination of this Agreement being referred to
herein as the &ldquo;<U>Subject Shares</U>&rdquo;);</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in"><B>WHEREAS</B>, concurrently with the
execution hereof,&nbsp;Buyer, Parent and certain seller entities (collectively, the &ldquo;<U>Seller</U>&rdquo;) are entering into
an Agreement of Purchase and Sale, dated as of the date hereof and as it may be amended, supplemented or waived from time to time
in accordance with its terms (the &ldquo;<U>Purchase Agreement</U>&rdquo;), which provides, among other things, for Buyer to purchase
from Seller, Seller&rsquo;s right, title and interest in the Assets, upon the terms and subject to the conditions set forth in
the Purchase Agreement (capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to
such terms in the Purchase Agreement); and</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in"><B>WHEREAS</B>, as a condition to its
willingness to enter into the Purchase Agreement, Buyer has required that each Shareholder, and as an inducement and in consideration
therefor, each Shareholder (solely in such Shareholder&rsquo;s capacity as a holder of the Subject Shares) has agreed to, enter
into this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in"><B>NOW, THEREFORE</B>, in consideration
of the foregoing and the respective representations, warranties, covenants and agreements set forth below and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally
bound, do hereby agree as follows:</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: #010000"><B>ARTICLE
I</B></FONT><BR>
AGREEMENT TO VOTE</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: #010000"><B>1.1<FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><B><U>Agreement to Vote</U></B>. Subject to the terms of this Agreement, each Shareholder hereby irrevocably
and unconditionally agrees that, during the time this Agreement is in effect, at every annual or special meeting of the shareholders
of the Parent held with respect to the matters specified in <U>Section 1.1(b)</U>, however called, including any adjournment or
postponement thereof, and in connection with any action proposed to be taken by written consent of the shareholders of the Parent,
the Shareholders shall, in each case to the fullest extent that the Subject Shares are entitled to vote thereon:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-indent: 0.5in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>cause the Subject Shares to be counted as present thereat for purposes of determining a quorum; and</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-indent: 0.5in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>be present (in person or by proxy) and vote (or cause to be voted), or deliver (or cause to be delivered) a written
consent with respect to, the Subject Shares:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-indent: 0.5in"><FONT STYLE="color: #010000">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nb