Common use of Leasing Services Clause in Contracts

Leasing Services. i. Manager shall perform leasing services for the Premises, including, but not limited to, hiring all third-party brokers, negotiating contracts with such brokers, tracking leasing progress on all assets and determining when to terminate and replace third-party brokers if necessary. Both commissions paid to third-party brokers and, with Owner’s prior written consent, any bonus amounts paid to Manager’s leasing employees monitoring the leasing process, shall be an expense of the Premises and charged to Owner. ii. Manager shall establish a leasing committee comprised of Manager employees to oversee the leasing services rendered to Owner under this Agreement (the “Leasing Committee”). The Leasing Committee shall hold monthly meetings to which Owner’s Representative may attend (the “Leasing Committee Meetings”). iii. Manager shall monitor current market conditions, meet with tenants, brokers and future prospects and visit competitive properties in the surrounding area. Manager shall report findings at the Leasing Committee Meetings. iv. From time to time, Manager shall attend conferences related to the asset class of the Premises, including, but not limited to, ICSC, BOMA, NARIET, NAA, NMHC and NAIOP, as applicable. If requested by Owner, Manager shall appropriately staff booths for Owner at such conferences to represent Owner’s interests and coordinate all necessary marketing materials and events to maximize Owner’s exposure at such conferences. v. Manager shall negotiate all letters of intent for new leases (when applicable) and administer existing leases, including, but not limited to, processing assignments, renewal agreements and lease amendments. vi. Manager shall evaluate leasing activity of Premises and identify potential re-developments or re-configurations, including, but not limited to, a 115023.9 discussion of all proposals that have been sent, targeted tenants, interested and un-interested party discussions with the Leasing Committee. vii. Manager shall track all leasing calls and inquiries. viii. Manager shall prepare and maintain leasing reports as required by Owner which shall track performance of leasing activity. ix. Manager shall review tenant credit reports for new tenants and assignments and subleases. When applicable, such review may include, but not be limited to, preparing full financial packages of review of both corporate and individual financial investigations, net worth analysis, net present value calculations and any other financial measures requested by the Owner. Manager shall be entitled to charge tenant for credit check fees and lease assignment and sublet fees (if provided by applicable lease) and shall not be required to remit such fees to Owner. x. If a proposed new lease for the Premises is outside the parameters set by the Annualized Budget, Manager shall complete analysis of credit and financials of the tenant under such proposed lease for the Leasing Committee’s review and approval at the Leasing Committee Meeting. xi. If the Premises is a retail property, Manager shall review leases on an on-going basis for relocation clauses, co-tenancy clauses, exclusives and building restrictions to determine and avoid any conflicts. Manager shall also monitor tenant progress to make recommendations to Leasing Committee on renewal of tenants and proper tenant mix. Additionally, Manager shall perform an on-going market review to determine market rates for leasing at Premises and make recommendations to Owner for changes in budgeted lease rates. xii. With respect to replacing tenants, Manager shall provide consultation regarding tenant mix (if the Premises has more than one tenant), market analysis, comparison information and site visits for leasing potential. xiii. If the Premises is a retail property, Manager shall schedule and attend meetings on a regular basis with all major retailers for portfolio review and additional leasing opportunities. In preparation for such meetings, Manager shall perform a full analysis of tenant performance on a site by site basis for sales, profitability, expansions, space modifications and tenant merchandising assistance.

Leasing Services. i. Manager shall perform leasing services for the Premises, including, but not limited to, hiring all third-party brokers, negotiating contracts with such brokers, tracking leasing progress on all assets and determining when to terminate and replace third-party brokers if necessarybrokers. Both commissions Commissions paid to third-party brokers and, with Owner’s prior written consent, any bonus amounts paid to Manager’s leasing employees monitoring the leasing process, shall be an expense of the Premises and charged to Owner. ii. Manager shall establish a leasing committee comprised of Manager employees to oversee the leasing services rendered to Owner under this Agreement (the “Leasing Committee”). The Leasing Committee shall hold monthly meetings to which Owner’s Representative Owner may attend (the “Leasing Committee Meetings”). iii. Manager shall monitor current market conditions, meet with tenants, brokers and future prospects and visit competitive properties in the surrounding area. Manager shall report findings at the Leasing Committee Meetings. iv. From time to time, Manager shall attend conferences related to the asset class of the Premises, including, but not limited to, ICSC, BOMA, NARIETNAREIT, NAA, NMHC and NAIOP, as applicable. If requested by Owner, Manager shall appropriately staff booths for Owner at such conferences to represent Owner’s interests and coordinate all necessary marketing materials and events to maximize Owner’s exposure at such conferences. v. Manager shall negotiate all letters of intent for new leases (when applicable) and administer existing leases, including, but not limited to, processing assignments, renewal agreements agreements, lease amendments and lease amendmentsterminations. vi. Manager shall evaluate leasing activity of Premises and identify potential re-developments or re-configurations, including, but not limited to, a 115023.9 discussion of all proposals that have been sent, targeted tenants, interested and un-interested uninterested party discussions with the Leasing Committee. vii. Manager shall track all leasing calls and inquiries. viii. Manager shall prepare and maintain leasing reports as required by Owner which shall track performance of leasing activity. ix. Manager shall review tenant credit reports for new tenants and assignments and subleases. When applicable, such review may include, but not be limited to, preparing full financial packages of review of both corporate and individual financial investigations, net worth analysis, net present value calculations and any other financial measures requested by the Owner. Manager shall be entitled to charge tenant for credit check fees and lease assignment and sublet fees (if provided by applicable lease) and shall not be required to remit such fees to OwnerOwner but may retain such fees. x. If a proposed new lease for the Premises is outside the parameters set by the Annualized Budget, Manager shall complete analysis of credit and financials of the tenant under such proposed lease for the Leasing Committee’s review and approval at the Leasing Committee Meeting. xi. If the Premises is a retail property, Manager shall review leases on an on-going basis for relocation clauses, co-tenancy clauses, exclusives and building restrictions to determine and avoid any conflicts. Manager shall also monitor tenant progress to make recommendations to Leasing Committee on renewal of tenants and proper tenant mix. Additionally, Manager shall perform an on-going market review to determine market rates for leasing at Premises and make recommendations to Owner for changes in budgeted lease rates. xii. With respect to replacing tenants, Manager shall provide consultation to Owner regarding tenant mix (if the Premises has more than one tenant), market analysis, comparison information and site visits for leasing potential. xiii. If the Premises is a retail property, Manager shall schedule and attend meetings on a regular basis with all major retailers for portfolio review and additional leasing opportunities. In preparation for such meetings, Manager shall perform a full analysis of tenant performance on a site by site basis for sales, profitability, expansions, space modifications and tenant merchandising assistance.

Leasing Services. i. Manager shall perform leasing services for the Premises, including, but not limited to, hiring all third-party brokers, negotiating contracts with such brokers, tracking leasing progress on all assets and determining when to terminate and replace third-party brokers if necessarybrokers. Both commissions Commissions paid to third-party brokers and, with Owner’s prior written consent, any bonus amounts paid to Manager’s leasing employees monitoring the leasing process, shall be an expense of the Premises and charged to Owner. ii. Manager shall establish a leasing committee comprised of Manager employees to oversee the leasing services rendered to Owner under this Agreement (the “Leasing Committee”). The Leasing Committee shall hold monthly meetings to which Owner’s Representative Owner may attend (the “Leasing Committee Meetings”). iii. Manager shall monitor current market conditions, meet with tenants, brokers and future prospects and visit competitive properties in the surrounding area. Manager shall report findings at the Leasing Committee Meetings. iv. From time to time, Manager shall attend conferences related to the asset class of the Premises, including, but not limited to, ICSC, BOMA, NARIETNAREIT, NAA, NMHC and NAIOP, as applicable. If requested by Owner, Manager shall appropriately staff booths for Owner at such conferences to represent Owner’s interests and coordinate all necessary marketing materials and events to maximize Owner’s exposure at such conferences. v. Manager shall negotiate all letters of intent for new leases (when applicable) and administer existing leases, including, but not limited to, processing assignments, renewal agreements agreements, lease amendments and lease amendmentsterminations. vi. Manager shall evaluate leasing activity of Premises and identify potential re-developments or re-configurations, including, but not limited to, a 115023.9 discussion of all proposals that have been sent, targeted tenants, interested and un-interested uninterested party discussions with the Leasing Committee. vii. Manager shall track all leasing calls and inquiries. viii. Manager shall prepare and maintain leasing reports as required by Owner which shall track performance of leasing activity. ix. Manager shall review tenant credit reports for new tenants and assignments and subleases. When applicable, such review may include, but not be limited to, preparing full financial packages of review of both corporate and individual financial investigations, net worth analysis, net present value calculations and any other financial measures requested by the Owner. Manager shall be entitled to charge tenant for credit check fees and lease assignment and sublet fees (if provided by applicable lease) and shall not be required to remit such fees to Owner. x. If a proposed new lease for the Premises is outside the parameters set by the Annualized Budget, Manager shall complete analysis of credit and financials of the tenant under such proposed lease for the Leasing Committee’s review and approval at the Leasing Committee Meeting. xi. If the Premises is a retail property, Manager shall review leases on an on-going basis for relocation clauses, co-tenancy clauses, exclusives and building restrictions to determine and avoid any conflicts. Manager shall also monitor tenant progress to make recommendations to Leasing Committee on renewal of tenants and proper tenant mix. Additionally, Manager shall perform an on-going market review to determine market rates for leasing at Premises and make recommendations to Owner for changes in budgeted lease rates. xii. With respect to replacing tenants, Manager shall provide consultation regarding tenant mix (if the Premises has more than one tenant), market analysis, comparison information and site visits for leasing potential. xiii. If the Premises is a retail property, Manager shall schedule and attend meetings on a regular basis with all major retailers for portfolio review and additional leasing opportunities. In preparation for such meetings, Manager shall perform a full analysis of tenant performance on a site by site basis for sales, profitability, expansions, space modifications and tenant merchandising assistance.and

Leasing Services. i. Manager shall perform leasing services for the Premises, including, but not limited to, hiring all third-party brokers, negotiating contracts with such brokers, tracking leasing progress on all assets and determining when to terminate and replace third-party brokers if necessarybrokers. Both commissions Commissions paid to third-party brokers and, with Owner’s prior written consent, any bonus amounts paid to Manager’s leasing employees monitoring the leasing process, shall be an expense of the Premises and charged to Owner. ii. Manager shall establish a leasing committee comprised of Manager employees to oversee the leasing services rendered to Owner under this Agreement (the “Leasing Committee”). The Leasing Committee shall hold monthly meetings to which Owner’s Representative Owner may attend (the “Leasing Committee Meetings”). iii. Manager shall monitor current market conditions, meet with tenants, brokers and future prospects and visit competitive properties in the surrounding area. Manager shall report findings at the Leasing Committee Meetings. iv. From time to time, Manager shall attend conferences related to the asset class of the Premises, including, but not limited to, ICSC, BOMA, NARIETNAREIT, NAA, NMHC and NAIOP, as applicable. If requested by Owner, Manager shall appropriately staff booths for Owner at such conferences to represent Owner’s interests and coordinate all necessary marketing materials and events to maximize Owner’s exposure at such conferences. v. Manager shall negotiate all letters of intent for new leases (when applicable) and administer existing leases, including, but not limited to, processing assignments, renewal agreements agreements, lease amendments and lease amendmentsterminations. Manager shall have the authority to enter into, on behalf of Owner, all documents related to leasing including, but not limited to: leases, assignments, amendments and memorandums of leases. vi. Manager shall evaluate leasing activity of Premises and identify potential re-developments or re-configurations, including, but not limited to, a 115023.9 discussion of all proposals that have been sent, targeted tenants, interested and un-interested uninterested party discussions with the Leasing Committee. vii. Manager shall track all leasing calls and inquiries. viii. Manager shall prepare and maintain leasing reports as required by Owner which shall track performance of leasing activity. ix. Manager shall review tenant credit reports for new tenants and assignments and subleases. When applicable, such review may include, but not be limited to, preparing full financial packages of review of both corporate and individual financial investigations, net worth analysis, net present value calculations and any other financial measures requested by the Owner. Manager shall be entitled to charge tenant for credit check fees and lease assignment and sublet fees (if provided by applicable lease) and shall not be required to remit such fees to OwnerOwner but may retain such fees. x. If a proposed new lease for the Premises is outside the parameters set by the Annualized Budget, Manager shall complete analysis of credit and financials of the tenant under such proposed lease for the Leasing Committee’s review and approval at the Leasing Committee Meeting. xi. If the Premises is a retail property, Manager shall review leases on an on-going basis for relocation clauses, co-tenancy clauses, exclusives and building restrictions to determine and avoid any conflicts. Manager shall also monitor tenant progress to make recommendations to Leasing Committee on renewal of tenants and proper tenant mix. Additionally, Manager shall perform an on-going market review to determine market rates for leasing at Premises and make recommendations to Owner for changes in budgeted lease rates. xii. With respect to replacing tenants, Manager shall provide consultation to Owner regarding tenant mix (if the Premises has more than one tenant), market analysis, comparison information and site visits for leasing potential. xiii. If the Premises is a retail property, Manager shall schedule and attend meetings on a regular basis with all major retailers for portfolio review and additional leasing opportunities. In preparation for such meetings, Manager shall perform a full analysis of tenant performance on a site by site basis for sales, profitability, expansions, space modifications and tenant merchandising assistance.

Leasing Services. i. Manager shall perform leasing services for the Premises, including, but not limited to, hiring all third-party brokers, negotiating contracts with such brokers, tracking leasing progress on all assets and determining when to terminate and replace third-party brokers if necessarybrokers. Both commissions Commissions paid to third-party brokers and, with Owner’s prior written consent, any bonus amounts paid to Manager’s leasing employees monitoring the leasing process, shall be an expense of the Premises and charged to Owner. ii. Manager shall establish a leasing committee comprised of Manager employees to oversee the leasing services rendered to Owner under this Agreement (the “Leasing Committee”). The Leasing Committee shall hold monthly meetings to which Owner’s Representative Owner may attend (the “Leasing Committee Meetings”). iii. Manager shall monitor current market conditions, meet with tenants, brokers and future prospects and visit competitive properties in the surrounding area. Manager shall report findings at the Leasing Committee Meetings. iv. From time to time, Manager shall attend conferences related to the asset class of the Premises, including, but not limited to, ICSC, BOMA, NARIETNAREIT, NAA, NMHC and NAIOP, as applicable. If requested by Owner, Manager shall appropriately staff booths (as arranged for by the Parent Company) for Owner at such conferences to represent Owner’s interests and coordinate all necessary marketing materials and events to maximize Owner’s exposure at such conferences. v. Manager shall negotiate all letters of intent for new leases (when applicable) and administer existing leases, including, but not limited to, processing assignments, renewal agreements and lease amendments. vi. Manager shall evaluate leasing activity of Premises and identify potential re-developments or re-configurations, including, but not limited to, a 115023.9 discussion of all proposals that have been sent, targeted tenants, interested and un-interested uninterested party discussions with the Leasing Committee. vii. Manager shall track all leasing calls and inquiries. viii. Manager shall prepare and maintain leasing reports as required by Owner which shall track performance of leasing activity. ix. Manager shall review tenant credit reports for new tenants and assignments and subleases. When applicable, such review may include, but not be limited to, preparing full financial packages of review of both corporate and individual financial investigations, net worth analysis, net present value calculations and any other financial measures requested by the Owner. Manager shall be entitled to charge tenant for credit check fees and lease assignment and sublet fees (if provided by applicable lease) and shall not be required to remit such fees to OwnerOwner but may retain such fees. x. If a proposed new lease for the Premises is outside the parameters set by the Annualized Budget, Manager shall complete analysis of credit and financials of the tenant under such proposed lease for the Leasing Committee’s review and approval at the Leasing Committee Meeting. xi. If the Premises is a retail property, Manager shall review leases on an on-going basis for relocation clauses, co-tenancy clauses, exclusives and building restrictions to determine and avoid any conflicts. Manager shall also monitor tenant progress to make recommendations to Leasing Committee on renewal of tenants and proper tenant mix. Additionally, Manager shall perform an on-going market review to determine market rates for leasing at Premises and make recommendations to Owner for changes in budgeted lease rates. xii. With respect to replacing tenants, Manager shall provide consultation to Owner regarding tenant mix (if the Premises has more than one tenant), market analysis, comparison information and site visits for leasing potential. xiii. If the Premises is a retail property, Manager shall schedule and attend meetings on a regular basis with all major retailers for portfolio review and additional leasing opportunities. In preparation for such meetings, Manager shall perform a full analysis of tenant performance on a site by site basis for sales, profitability, expansions, space modifications and tenant merchandising assistance.

Leasing Services. i. Manager shall perform leasing services for the Premises, including, but not limited to, hiring all third-party brokers, negotiating contracts with such brokers, tracking leasing progress on all assets and determining when to terminate and replace third-party brokers if necessarybrokers. Both commissions Commissions paid to third-party brokers and, with Owner’s prior written consent, any bonus amounts paid to Manager’s leasing employees monitoring the leasing process, shall be an expense of the Premises and charged to Owner. ii. Manager shall establish a leasing committee comprised of Manager employees to oversee the leasing services rendered to Owner under this Agreement (the “Leasing Committee”). The Leasing Committee shall hold monthly meetings to which Owner’s Representative Owner may attend (the “Leasing Committee Meetings”). iii. Manager shall monitor current market conditions, meet with tenants, brokers and future prospects and visit competitive properties in the surrounding area. Manager shall report findings at the Leasing Committee Meetings. iv. From time to time, Manager shall attend conferences related to the asset class of the Premises, including, but not limited to, ICSC, BOMA, NARIETNAREIT, NAA, NMHC and NAIOP, as applicable. If requested by Owner, Manager shall appropriately staff booths for Owner at such conferences to represent Owner’s interests and coordinate all necessary marketing materials and events to maximize Owner’s exposure at such conferences. v. Manager shall negotiate all letters of intent for new leases (when applicable) and administer existing leases, including, but not limited to, processing assignments, renewal agreements agreements, lease amendments and lease amendmentsterminations. Manager shall have the authority to enter into, on behalf of Owner, all documents related to leasing including, but not limited to: leases, assignments, amendments and memorandums of leases. vi. Manager shall evaluate leasing activity of Premises and identify potential re-developments or re-configurations, including, but not limited to, a 115023.9 discussion of all proposals that have been sent, targeted tenants, interested and un-interested uninterested party discussions with the Leasing Committee. vii. Manager shall track all leasing calls and inquiries. viii. Manager shall prepare and maintain leasing reports as required by Owner which shall track performance of leasing activity. ix. Manager shall review tenant credit reports for new tenants and assignments and subleases. When applicable, such review may include, but not be limited to, preparing full financial packages of review of both corporate and individual financial investigations, net worth analysis, net present value calculations and any other financial measures requested by the Owner. Manager shall be entitled to charge tenant for credit check fees and lease assignment and sublet fees (if provided by applicable lease) and shall not be required to remit such fees to OwnerOwner but may retain such fees. x. If a proposed new lease for the Premises is outside the parameters set by the Annualized Budget, Manager shall complete analysis of credit and financials of the tenant under such proposed lease for the Leasing Committee’s review and approval at the Leasing Committee Meeting. xi. If the Premises is a retail property, Manager shall review leases on an on-going basis for relocation clauses, co-tenancy clauses, exclusives and building restrictions to determine and avoid any conflicts. Manager shall also monitor tenant progress to make recommendations to Leasing Committee on renewal of tenants and proper tenant mix. Additionally, Manager shall perform an on-going market review to determine market rates for leasing at Premises and make recommendations to Owner for changes in budgeted lease rates. xii. With respect to replacing tenants, Manager shall provide consultation to Owner regarding tenant mix (if the Premises has more than one tenant), market analysis, comparison information and site visits for leasing potential. xiii. If the Premises is a retail property, Manager shall schedule and attend meetings on a regular basis with all major retailers for portfolio review and additional leasing opportunities. In preparation for such meetings, Manager shall perform a full analysis of tenant performance on a site by site basis for sales, profitability, expansions, space modifications and tenant merchandising assistance.

Leasing Services. i. Manager shall perform leasing services for the Premises, including, but not limited to, hiring all third-party brokersreferral services, negotiating contracts with such brokers, companies and tracking leasing and marketing progress on all assets and determining when to terminate and replace third-party brokers if necessaryassets. Both commissions Commissions paid to third-party brokers and, with Owner’s prior written consent, any bonus amounts paid to Manager’s leasing employees monitoring the leasing process, referral services shall be an expense of the Premises and charged to Owner. ii. Manager shall establish a leasing and marketing committee comprised of Manager employees to oversee the leasing and marketing services rendered to Owner under this Agreement (the “Leasing and Marketing Committee”). The Leasing Committee shall hold monthly meetings to which Owner’s Representative Owner may attend (the “Leasing and Marketing Committee Meetings”). iii. Manager shall monitor current market conditions, meet with tenants, brokers and future prospects conditions and visit competitive properties in the surrounding area. Manager shall report findings at the Leasing Committee Meetings. iv. From time to time, Manager shall attend conferences related to the asset class of the Premises, including, but not limited to, ICSC, BOMA, NARIETNAREIT, NAA, NMHC and NAIOPNMHC, as applicable. If requested by Owner, Manager shall appropriately staff booths for Owner at such conferences to represent Owner’s interests and coordinate all necessary marketing materials and events to maximize Owner’s exposure at such conferences. v. Manager shall negotiate all letters of intent for new leases (when applicable) and administer existing leases, including, but not limited to, processing assignments, renewal agreements agreements, lease amendments and lease terminations. Manager shall have the authority to enter into, on behalf of Owner, all documents related to leasing including, but not limited to: leases, assignments, amendments, riders, addendums and memorandums of leases. vi. Manager shall evaluate leasing activity of Premises and identify potential re-developments or re-configurations, including, but not limited to, a 115023.9 discussion of all proposals that have been sent, targeted tenants, interested and un-interested party discussions with regarding the Leasing Committeesame. vii. Manager shall track all leasing calls and inquiries. viii. Manager shall prepare and maintain leasing reports as required by Owner which shall track performance of leasing activity. ix. Manager shall review tenant credit reports for new tenants and assignments and subleases. When applicable, such review may include, but not be limited to, preparing full financial packages of review of both corporate and individual financial investigations, net worth analysis, net present value calculations and any other financial measures requested by the Owner. Manager shall be entitled to charge tenant for credit check fees and lease assignment and sublet fees (if provided by applicable lease) and shall not be required to remit such fees to OwnerOwner but may retain such fees. x. If a proposed new lease for the Premises is outside the parameters set by the Annualized Budget, Manager shall complete analysis of credit and financials of the tenant under such proposed lease for the Leasing and Marketing Committee’s review and approval at the Leasing and Marketing Committee Meeting. xi. If the Premises is a retail property, Manager shall review leases on an on-going basis for relocation clauses, co-tenancy clauses, exclusives and building restrictions to determine and avoid any conflicts. Manager shall also monitor tenant progress to make recommendations to Leasing Committee on renewal of tenants and proper tenant mix. Additionally, Manager shall perform an on-going market review to determine market rates for leasing at Premises and make recommendations to Owner for changes in budgeted lease rates. xii. With respect to replacing tenants, Manager shall provide consultation regarding tenant mix (if the Premises has more than one tenant)to Owner, market analysis, comparison information and site visits for leasing potential. xiii. If the Premises is a retail property, Manager shall schedule and attend meetings on a regular basis with all major retailers for portfolio review and additional leasing opportunities. In preparation for such meetings, Manager shall perform a full analysis of tenant performance on a site by site basis for sales, profitability, expansions, space modifications and tenant merchandising assistance.

Leasing Services. At the request of Owner, Property Manager shall provide the following leasing services. i. Property Manager shall perform leasing services for the Premises, including, but not limited to, hiring all third-party brokers, negotiating contracts with such brokers, tracking leasing progress on all assets and determining when to terminate and replace third-party brokers if necessary. Both Any commissions paid to third-party brokers and, with Owner’s prior written consent, any bonus amounts paid to Manager’s leasing employees monitoring the leasing process, shall be an expense of the Premises and charged to Owner. ii. Property Manager shall establish a leasing committee committee, comprised of Property Manager employees and Owner’s management, to oversee the leasing services rendered to Owner under this Agreement (the “Leasing Committee”). The Leasing Committee shall hold monthly meetings to which Owner’s Representative may attend (the “Leasing Committee Meetings”)meetings. iii. Property Manager shall monitor current market conditions, meet with tenants, brokers and future prospects and visit competitive properties in the surrounding area. Property Manager shall report its findings at the Leasing Committee Meetings. iv. From time to time, Property Manager shall attend conferences related to the asset class of the Premises, including, but not limited to, ICSC, BOMA, NARIET, NAA, NMHC and NAIOP, as applicable. If requested by OwnerOwner or the Operating Partnership, Property Manager shall appropriately staff booths for Owner Owner, the Operating Partnership or the Company at such conferences to represent Owner’s their respective interests and coordinate all necessary marketing materials and events to maximize Owner’s their respective exposure at such conferences. v. Property Manager shall negotiate all letters of intent for new leases (when applicable) and administer existing leases, including, but not limited to, processing assignments, renewal agreements and lease amendments.. Upon the approval of Owner and the Operating Partnership, Property Manager shall have the authority to execute, on behalf of, and as agent of Owner, all documents related to leasing the Premises, including, but not limited to: leases, assignments, amendments and memorandums of leases vi. On an annual basis, Property Manager shall evaluate leasing activity of Premises and identify potential re-developments or re-configurations, including, but not limited to, a 115023.9 discussion discussions with the Leasing Committee of all proposals that have been sent, sent and targeted to tenants, interested and un-interested party discussions with the Leasing Committeeinterested. vii. On at least an annual basis, Property Manager shall visit the Premises to evaluate leasing activity, among other things. viii. Property Manager shall track all leasing calls and inquiries, and advise Owner and Operating Partnership of the calls and inquiries. viiiix. Property Manager shall prepare and maintain leasing reports as required by Owner which shall track performance of leasing activity. ix. x. Property Manager shall review tenant credit reports for new tenants and assignments and subleases. When applicable, such review may include, but not be limited to, preparing full financial packages of review of both corporate and individual financial investigations, net worth analysis, net present value calculations and any other financial measures requested by Owner or the OwnerOperating Partnership. Property Manager shall be entitled to charge tenant tenants for credit check fees and lease assignment and sublet fees (if provided by applicable lease) and shall not be required to remit such fees to OwnerOwner but may retain such fees. x. xi. If a proposed new lease for the Premises is outside the parameters set by the Annualized Budget, Property Manager shall complete analysis of credit and financials of the tenant under such proposed lease for the Leasing Committee’s review and approval at the Leasing Committee Meeting. xi. If the Premises is a retail property, Manager shall review leases on an on-going basis for relocation clauses, co-tenancy clauses, exclusives and building restrictions to determine and avoid any conflicts. Manager shall also monitor tenant progress to make recommendations to Leasing Committee on renewal of tenants and proper tenant mix. Additionally, Manager shall perform an on-going market review to determine market rates for leasing at Premises and make recommendations to Owner for changes in budgeted lease rates. xii. With respect to replacing tenants, Property Manager shall provide consultation regarding tenant mix (if the Premises has more than one tenant), market analysis, comparison information and site visits for leasing potential. xiii. If the Property Manager is prohibited from directing a tenant away from renewing a Premises is lease, or a retail propertyreplacement tenant away from entering into a Premises lease, and toward leasing a property owned by an affiliate of Property Manager shall schedule and attend meetings on located within a regular basis with all major retailers for portfolio review and additional leasing opportunities. In preparation for such meetings, Manager shall perform a full analysis of tenant performance on a site by site basis for sales, profitability, expansions, space modifications and tenant merchandising assistancefive-mile radius.

Leasing Services. At the request of Owner, Property Manager shall provide the following leasing services. i. Property Manager shall perform leasing services for the Premises, including, but not limited to, hiring all third-party brokers, negotiating contracts with such brokers, tracking leasing progress on all assets and determining when to terminate and replace third-party brokers if necessary. Both Any commissions paid to third-party brokers and, with Owner’s prior written consent, any bonus amounts paid to Manager’s leasing employees monitoring the leasing process, shall be an expense of the Premises and charged to Owner. ii. Property Manager shall establish a leasing committee committee, comprised of Property Manager employees and Owner’s signatory trustee, to oversee the leasing services rendered to Owner under this Agreement (the “Leasing Committee”). The Leasing Committee shall hold monthly meetings to which Owner’s Representative may attend (the “Leasing Committee Meetings”)meetings. iii. Property Manager shall monitor current market conditions, meet with tenants, brokers and future prospects and visit competitive properties in the surrounding area. Property Manager shall report its findings at the Leasing Committee Meetings. iv. From time to time, Property Manager shall attend conferences related to the asset class of the Premises, including, but not limited to, ICSC, BOMA, NARIET, NAA, NMHC and NAIOP, as applicable. If requested by Owner, Manager shall appropriately staff booths for Owner at such conferences to represent Owner’s interests and coordinate all necessary marketing materials and events to maximize Owner’s exposure at such conferences. v. Property Manager shall negotiate all letters of intent for new leases (when applicable) and administer existing leases, including, but not limited to, processing assignments, renewal agreements and lease amendments. Property Manager shall have the authority to execute, on behalf of, and as agent of Owner, all documents related to leasing the Premises, including, but not limited to: leases, assignments, amendments and memorandums of leases. vi. On an annual basis, Property Manager shall evaluate leasing activity of Premises and identify potential re-developments or re-configurations, including, but not limited to, a 115023.9 discussion discussions with the Leasing Committee of all proposals that have been sent, sent and targeted to tenants, interested and un-interested party discussions with the Leasing Committeeinterested. vii. On at least an annual basis, Property Manager shall visit the Premises to evaluate leasing activity, among other things. viii. Property Manager shall track all leasing calls and inquiries. viiiix. Property Manager shall prepare and maintain leasing reports as required by Owner which shall track performance of leasing activity. ix. x. Property Manager shall review tenant credit reports for new tenants and assignments and subleases. When applicable, such review may include, but not be limited to, preparing full financial packages of review of both corporate and individual financial investigations, net worth analysis, net present value calculations and any other financial measures requested by the Owner. Property Manager shall be entitled to charge tenant tenants for credit check fees and lease assignment and sublet fees (if provided by applicable lease) and shall not be required to remit such fees to OwnerOwner but may retain such fees. x. xi. If a proposed new lease for the Premises is outside the parameters set by the Annualized Budget, Property Manager shall complete analysis of credit and financials of the tenant under such proposed lease for the Leasing Committee’s review and approval at the Leasing Committee Meeting. xixii. If the Premises is a retail property, Property Manager shall review leases on an on-going basis for relocation clauses, co-tenancy clauses, exclusives and building restrictions to determine and avoid any conflicts. Property Manager shall also monitor tenant progress to make recommendations to Leasing Committee on renewal of tenants and proper tenant mix. Additionally, Property Manager shall perform an on-going market review to determine market rates for leasing at Premises and make recommendations to Owner for changes in budgeted lease rates. xiixiii. With respect to replacing tenants, Property Manager shall provide consultation regarding tenant mix (if the Premises has more than one tenant), market analysis, comparison information and site visits for leasing potential. xiiixiv. If the Premises is a retail property, Property Manager shall schedule and attend meetings on a regular basis with all major retailers for portfolio review and additional leasing opportunities. In preparation for such meetings, Property Manager shall perform a full analysis of tenant performance on a site by site basis for sales, profitability, expansions, space modifications and tenant merchandising assistance. xv. Property Manager is prohibited from directing a tenant away from renewing a Premises lease, or a replacement tenant away from entering into a Premises lease, and toward leasing a property owned by an affiliate of Property Manager and located within a five-mile radius.

Leasing Services. i. Manager shall perform leasing services for the Premises, including, but not limited to, hiring all third-party brokers, negotiating contracts with such these brokers, tracking leasing brokers progress on all assets and assets, determining when to terminate and replace third-party brokers if necessary. Both commissions paid to third-party brokers and, with Owner’s prior written consent, and any bonus amounts amount paid to Manager’s leasing employees monitoring the leasing process, process shall be an expense of the Premises and charged to Owner. ii. Manager shall establish a leasing committee comprised of Manager employees to oversee the leasing services rendered to Owner under this Agreement (the “Leasing Committee”). The Leasing Committee shall hold monthly meetings to which Owner’s Representative may attend (the “Leasing Committee Meetings”). iii. Manager shall monitor current market conditions, meet with tenants, brokers and future prospects and visit competitive properties in the surrounding area. Manager shall report findings at the Leasing Committee Meetings. iv. From time to time, Manager shall attend conferences related to the asset class of the Premises, including, but not limited to, ICSC, BOMA, NARIET, NAA, NMHC and NAIOP, as applicable. If requested by Owner, Manager shall appropriately staff booths for Owner at such conferences to represent Owner’s interests and coordinate all necessary marketing materials and events to maximize Owner’s exposure at such conferences. v. Manager shall negotiate all letters of intent for new leases (when applicable) and administer existing leases, including, but not limited to, processing assignments, renewal agreements and lease amendments. Manager shall process any lease documents in the most cost-efficient manner possible. vi. Manager shall evaluate leasing activity of Premises and identify potential re-developments or re-configurations, including, but not limited to, a 115023.9 discussion of all proposals that have been sent, targeted tenants, interested and un-interested party discussions with the Leasing Committee. vii. Manager shall track all leasing calls and inquiries. viii. Manager shall prepare and maintain leasing reports as required by Owner which shall track performance of leasing activity. ix. Manager shall review tenant credit reports for new tenants and assignments and subleasesassignments. When applicable, such review may include, but not be limited to, preparing full financial packages of review of both corporate and individual financial investigations, net worth analysis, net present value calculations and any other financial measures financials measure requested by the Owner. Manager shall be entitled to charge tenant for credit check fees and lease assignment and sublet fees (if provided by applicable lease) and shall not be required to remit such fees to Owner. x. If a proposed new lease for the Premises is outside the parameters set by the Annualized Budget, Manager shall complete analysis of credit and financials of the tenant under such proposed lease for the Leasing Committee’s review and approval at the Leasing Committee Meeting. xi. If the Premises is a retail property, Manager shall review leases on an on-going basis for relocation clauses, co-tenancy clauses, exclusives and building restrictions to determine and avoid any conflicts. Manager shall also monitor tenant progress to make recommendations to Leasing Committee on renewal of tenants and proper tenant mix. Additionally, Manager shall perform an a on-going market review to determine market rates for leasing at Premises and make recommendations to Owner for changes in budgeted lease rates. xii. With respect to replacing tenants, Manager shall provide consultation regarding tenant mix (if the Premises has more than one tenant), market analysis, comparison information and site visits for leasing potential. xiii. If the Premises is a retail property, Manager shall schedule and attend meetings on a regular basis with all major retailers for portfolio review and additional leasing opportunities. In preparation for such meetings, Manager shall perform a full analysis of tenant performance on a an site by site basis bases for sales, profitability, expansions, space modifications and tenant merchandising assistance.