0001193125-22-300227 Sample Contracts

Rule 10b5-1 Purchase Plan
Rule 10b5 • December 7th, 2022 • Pershing Square Capital Management, L.P. • Real estate investment trusts

This Rule 10b5-1 Purchase Plan is entered into on December 6, 2022 (this “Purchase Plan”) between Pershing Square, L.P., Pershing Square International, Ltd. and Pershing Square Holdings, Ltd. (each a “Purchaser”) and Jefferies LLC (“Broker”), acting as agent for each Purchaser. The provisions in this Purchase Plan apply to each Purchaser, severally and not jointly. Broker will give up each Purchase Day’s (as defined below) trades to Purchasers’ prime broker in the allocations set forth in Exhibit A.

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