To: AvalonBay Communities, Inc. 4040 Wilson Blvd, Suite 1000Master Confirmation • April 11th, 2022 • Avalonbay Communities Inc • Real estate investment trusts • New York
Contract Type FiledApril 11th, 2022 Company Industry JurisdictionThe purpose of this letter agreement (this “Master Confirmation”) is to set forth the terms and conditions of the transactions to be entered into from time to time between JPMorgan Chase Bank, National Association (“Dealer”) and AvalonBay Communities, Inc. (“Counterparty”) in accordance with the terms of the Underwriting Agreement, dated as of April 6, 2022 (the “Underwriting Agreement”), among Morgan Stanley & Co. LLC and JPMorgan Chase Bank, National Association as forward purchasers, Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC, as forward sellers and Counterparty on the Trade Dates specified herein (collectively, the “Transactions” and each, a “Transaction”). This letter agreement constitutes a “Confirmation” as referred to in the Agreement specified below. Each Transaction will be evidenced by a supplemental confirmation (each, a “Supplemental Confirmation”, and each such Supplemental Confirmation, together with this Master Confirmation, a “Confirmation” for purposes of
To: AvalonBay Communities, Inc.Master Confirmation • April 11th, 2022 • Avalonbay Communities Inc • Real estate investment trusts • New York
Contract Type FiledApril 11th, 2022 Company Industry JurisdictionThe purpose of this letter agreement (this “Master Confirmation”) is to set forth the terms and conditions of the transactions to be entered into from time to time between Morgan Stanley & Co. LLC (“Dealer”) and AvalonBay Communities, Inc. (“Counterparty”) in accordance with the terms of the Underwriting Agreement, dated as of April 6, 2022 (the “Underwriting Agreement”), among Morgan Stanley & Co. LLC and JPMorgan Chase Bank, National Association as forward purchasers, Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC, as forward sellers and Counterparty on the Trade Dates specified herein (collectively, the “Transactions” and each, a “Transaction”). This letter agreement constitutes a “Confirmation” as referred to in the Agreement specified below. Each Transaction will be evidenced by a supplemental confirmation (each, a “Supplemental Confirmation”, and each such Supplemental Confirmation, together with this Master Confirmation, a “Confirmation” for purposes of the Agreement sp