Mr. Glenn Rufrano VEREIT, Inc. Phoenix, AZ 85016 Dear Mr. Rufrano:Employment Agreement • February 22nd, 2018 • VEREIT Operating Partnership, L.P. • Real estate investment trusts
The following sets forth an amendment to the terms and conditions of your employment (the “Amendment”) with VEREIT, Inc. (the “Company”), as set forth in your employment agreement dated as of March 10, 2015, which became effective as of April 1, 2015 (the “Agreement”). This Amendment shall be effective as of the date set forth above (the “Effective Date”).
VEREIT, Inc.Terms of Employment • February 22nd, 2018 • VEREIT Operating Partnership, L.P. • Real estate investment trusts
The following sets forth an amendment to the terms and conditions of your employment (the “Amendment”) with VEREIT, Inc. (the “Company”), as set forth in your employment agreement dated September 30, 2015, which became effective as of October 5, 2015 (the “Agreement”).
VEREIT, Inc. Phoenix, AZ 85016Cessation of Employment Agreement • February 22nd, 2018 • VEREIT Operating Partnership, L.P. • Real estate investment trusts
This letter confirms our mutual understanding relating to the cessation of your employment with VEREIT, Inc. (“VEREIT”) and the transfer of such employment to the CIM Group (“CIM”) in connection with a Purchase and Sale Agreement, dated as of November 13, 2017, pursuant to which a wholly owned subsidiary of VEREIT agreed to sell its Cole Capital business to an affiliate of the CIM Group, and certain rights and obligations under your Employment Agreement with VEREIT dated as of February 23, 2016, as amended on February 22, 2017 (the “Employment Agreement”), and under various Restricted Stock Unit Award Agreements with VEREIT. Capitalized terms in this letter have the meanings set forth in the Employment Agreement.
