Issuer Share Forward Sale Transaction Sample Contracts

Bank of America, N.A. c/o Merrill Lynch, Pierce, Fenner & Smith Incorporated Bank of America Tower at One Bryant Park New York, NY 10036 Attn: Gary Rosenblum Telephone: (646) 855-3684 Facsimile: (646) 834-9809 E-mail: gary.rosenblum@bankofamerica.com
Issuer Share Forward Sale Transaction • August 1st, 2016 • Cedar Realty Trust, Inc. • Real estate investment trusts • New York

The purpose of this communication (this “Confirmation”) is to set forth the terms and conditions of the above-referenced transaction entered into on the Trade Date specified below (the “Transaction”) between Bank of America, N.A. (“Party A”) and Cedar Realty Trust, Inc. (“Party B”). This communication constitutes a “Confirmation” as referred to in the Agreement specified below. This Confirmation is a confirmation for purposes of Rule 10b-10 promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

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