OPTION AGREEMENT BY AND BETWEENOption Agreement • July 6th, 2018 • California
This Option Agreement (“Agreement”) dated for references purposes as of April 15, 2018 is by and between the CITY AND COUNTY OF SAN FRANCISCO, a municipal corporation (“City”), acting by and through the SAN FRANCISCO PORT COMMISSION (“Port”) and 88 Broadway Family LP, a California limited partnership and its permitted successors and assigns hereunder (the “Optionee” or “Developer” and together with the Port, the “Parties”), with reference to the following facts: