By Agreement of Lease ("the Lease"), dated August 1, 1980, between Ambassador Associates, as Lessor, and plaintiff, as Lessee, plaintiff was granted an option (article XXXVIII) to be issued shares with respect to professional apartments in the subject building in the total amount of 10,856. At that date the building was in the process of being converted to a cooperative, and such fact was recited in article XXXVIII. Plaintiff has made its demand for such 10,856 shares upon...
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