Belpointe PREP enters put/call agreement for 100 Tokeneke property, 243K units at $14.50
Belpointe PREP, LLC
Belpointe PREP, subsidiary Tokeneke Partners, and Daniel Suozzi signed Letter Agreement on Jan 6, 2026 for Suozzi's indirect interest in 100 Tokeneke Road, Darien, CT.
Suozzi received 243,000 Class B units in Tokeneke Partners in exchange for his real property interest.
Put right: Suozzi can sell his 243,000 Tokeneke units to Belpointe at $14.50 each, paid in Class A units, from Jan 6, 2026 to May 31, 2027.
Call right: Belpointe can buy Suozzi's Tokeneke units at $14.50 each in Class A units from June 1, 2027 to Dec 31, 2027.
Belpointe will file a resale registration statement for Class A units issuable to Suozzi and use commercially reasonable efforts to maintain it.
Extracted from this filing and checked against the source text.
Material AgreementsSEC 8-K Item 1.01/1.02confidence 0.95
Belpointe PREP, LLC entered into Letter Agreement with Daniel Suozzi (effective 2026-01-06).
Action
entry
Counterparty
Daniel Suozzi
Effective
2026-01-06
Exact text from the filing
On January 6, 2026 (the “Effective Date”), Belpointe PREP, LLC (the “Company”), 100 Tokeneke Partners, LLC, a Delaware limited liability company and indirect minority-owned subsidiary of the Company (“Tokeneke Partners”), and Daniel Suozzi (the “Suozzi”) entered into a Letter Agreement (the “Letter Agreement”) in connection with a transaction in which Suozzi contributed his indirect ownership interest in certain real property
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