0001628280-20-007466 Sample Contracts

THE HOWARD HUGHES CORPORATION RESTRICTED STOCK AGREEMENT
Restricted Stock Agreement • May 11th, 2020 • Howard Hughes Corp • Real estate investment trusts • Delaware

WHEREAS, the grant of Restricted Stock was authorized by the Compensation Committee of the Board of Directors of the Company (the “Compensation Committee”) on February 12, 2020;

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THE HOWARD HUGHES CORPORATION RESTRICTED STOCK AGREEMENT
Restricted Stock Agreement • May 11th, 2020 • Howard Hughes Corp • Real estate investment trusts • Delaware

WHEREAS, the grant of Restricted Stock was authorized by the Compensation Committee of the Board of Directors of the Company (the “Compensation Committee”) on February 12, 2020;

THE HOWARD HUGHES CORPORATION RESTRICTED STOCK AGREEMENT
Restricted Stock Agreement • May 11th, 2020 • Howard Hughes Corp • Real estate investment trusts • Delaware

WHEREAS, the grant of Restricted Stock was authorized by the Compensation Committee of the Board of Directors of the Company (the “Compensation Committee”) on February 12, 2020;

EMPLOYMENT SEPARATION AGREEMENT AND RELEASE
Employment Separation • May 11th, 2020 • Howard Hughes Corp • Real estate investment trusts

This EMPLOYMENT SEPARATION AGREEMENT AND RELEASE (“Agreement”) is made and entered into by and between SIMON TREACY (“Employee”) and Howard Hughes Management Company, LLC (“Employer”). Subject to the right of revocation provided to Employee in Paragraph 9 of this Agreement, this Agreement is effective on the eighth day after the Employee signs this Agreement and has not revoked it (the “Effective Date”). Employer, its parents, subsidiaries and current and former affiliates, including The Howard Hughes Corporation, are referred to collectively hereinafter as the “Company”. This Agreement sets forth the mutual rights and obligations of the parties arising from Employee’s employment with Employer and the end of Employee’s employment with Employer.

AMENDMENT NO. 1 TO NONQUALIFIED EMPLOYEE STOCK OPTION AGREEMENT
Nonqualified Employee Stock Option Agreement • May 11th, 2020 • Howard Hughes Corp • Real estate investment trusts • Delaware

THIS AMENDMENT TO NO. 1 NONQUALIFIED EMPLOYEE STOCK OPTION AGREEMENT (this “Amendment”), dated as of February 12, 2020, is entered into by and between The Howard Hughes Corporation, a Delaware corporation (the “Company”), and Saul Scherl (“Optionee”).

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