JBG - HAPPEL Consulting Agreement Terms Dated as of May 25, 2016Consulting Agreement Terms • May 26th, 2016 • New York REIT, Inc. • Real estate investment trusts
General: Commencing on the closing date (the “Effective Date”) of the proposed business combination transactions (collectively, the “Transaction”) between the Company and various JBG-related entities (“JBG”) pursuant to the terms of a Master Combination Agreement dated as of May 25, 2016 (the “MCA”), JBG will cause the Company to retain the Consultant as an independent consultant to provide services to the Company and its affiliates pursuant to the terms and conditions specified herein (the “Agreement”). The terms set forth herein will be memorialized in a Consulting Agreement to be executed by the parties (as set forth above) prior to and effective on the Effective Date (the initial term and any extension thereof, collectively, the “Consulting Agreement”)
