Nov. 25 at 6:03 PM
$TPHS stock purchase price was .30 btw
STOCK PURCHASE AGREEMENT
This STOCK PURCHASE AGREEMENT (this “Agreement”), dated as of January 5, 2024 (the “Effective Date”), is made by and between Trinity Place Holdings Inc., a Delaware corporation (the “Company”) TPHS Lender LLC, a Delaware limited liability company (the “Company Investor” and TPHS Investor LLC...
WHEREAS, the Company desires to issue and sell to the Investor, and the Investor desires to purchase from the Company, 25,112,245 shares (the “Investor Shares”) of the Company’s common stock, par value
$0.01 per share (the “Common Stock”), in a private placement transaction on the terms set forth herein;
1. Purchase and Sale of the Investor Shares.
(a) Subject to the terms and conditions of this Agreement, the Company will issue and sell to the Investor, and the Investor will purchase from the Company, the Investor Shares at a price of
$0.30 per Investor Share (the “Purchase Price”).
