To: AvalonBay Communities, Inc. September 5, 2024 4040 Wilson Blvd, Suite 1000Master Confirmation • September 9th, 2024 • Avalonbay Communities Inc • Real estate investment trusts • New York
The 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 [ ] (“Dealer”) and AvalonBay Communities, Inc. (“Counterparty”) in accordance with the terms of the Underwriting Agreement, dated as of September 5, 2024 (the “Underwriting Agreement”), among Bank of America, N.A., Deutsche Bank AG, London Branch, Goldman Sachs & Co. LLC, and Morgan Stanley & Co. LLC as forward purchasers, BofA Securities, Inc. Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, and Morgan Stanley & Co. 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 th
