238-26 - 410 Main Settlement.pdf

ARTICLE V- MUTUAL OBLIGATIONS 5.1 Obligation to Comply with State Regulations The Parties shall comply with any and all federal, state, county, and local laws, rules, regulations, statutes, ordinances, permits, resolutions, judgments, orders, decrees, directives, interpretations, standards, licenses, approvals, and similarly binding authority applicable to the Inclusionary Project, the Affordable Units, the Property, or the performance by the Parties of their respective obligations or the exercise by the Parties of their respective rights in connection with this Agreement. 5.2 Mutual Good Faith, Cooperation, and Assistance The Parties shall exercise good faith, cooperate, and assist each other in fulfilling the intent and purpose of this Agreement, including, but not limited to, the Required Approvals, the development of the Property consistent with the terms hereof, and the defense of any challenge with regard to any of the foregoing. 5.3 Notices Any notice or transmittal of any document required, permitted, or appropriate hereunder and/or any transmittal between the Parties relating to the Property or this Agreement (“Notice[s]”) shall be written and shall be served upon the respective Parties by certified mail, return receipt requested, or recognized overnight or personal carrier, with certified proof of receipt, and by email where an email address is provided below. TO DEVELOPER: 410 Main Street Holdings, LLC Attn: Shaul Moshe Sugar 6 Emma Lane Jackson, New Jersey 08527 With a copy to: Prime Tuvel & Miceli, LLC Attn: Benjamin T.F. Wine, Esq. Attn: Danielle Novak Kinback, Esq. 1 University Plaza Drive, Suite 500 Hackensack, New Jersey 07601 Email: ben@primelaw.com Email:

Hackensack, New Jersey 07601 Email: ben@primelaw.com Email: dkinback@primelaw.com and 16