<SEC-DOCUMENT>0001104659-24-094020.txt : 20240828
<SEC-HEADER>0001104659-24-094020.hdr.sgml : 20240828
<ACCEPTANCE-DATETIME>20240828164127
ACCESSION NUMBER:		0001104659-24-094020
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		15
CONFORMED PERIOD OF REPORT:	20240827
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20240828
DATE AS OF CHANGE:		20240828

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			REALTY INCOME CORP
		CENTRAL INDEX KEY:			0000726728
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		IRS NUMBER:				330580106
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13374
		FILM NUMBER:		241256079

	BUSINESS ADDRESS:	
		STREET 1:		11995 EL CAMINO REAL
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92130
		BUSINESS PHONE:		8582845000

	MAIL ADDRESS:	
		STREET 1:		11995 EL CAMINO REAL
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92130
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>tm2422541d2_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<XBRL>
<?xml version='1.0' encoding='ASCII'?>
<html xmlns="http://www.w3.org/1999/xhtml" xmlns:xs="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2015-02-26" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:dei="http://xbrl.sec.gov/dei/2023" xmlns:ref="http://www.xbrl.org/2006/ref" xmlns:us-gaap="http://fasb.org/us-gaap/2023" xmlns:us-roles="http://fasb.org/us-roles/2023" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2022-03-31" xmlns:country="http://xbrl.sec.gov/country/2023" xmlns:srt="http://fasb.org/srt/2023" xmlns:o="http://realtyincome.com/20240827">
<head>
     <title></title>
<meta http-equiv="Content-Type" content="text/html"/>
</head>
<!-- Field: Set; Name: xdx; ID: xdx_02C_US%2DGAAP%2D2023 -->
<!-- Field: Set; Name: xdx; ID: xdx_03D_o_realtyincome.com_20240827 -->
<!-- Field: Set; Name: xdx; ID: xdx_04B_20240827_20240827 -->
<!-- Field: Set; Name: xdx; ID: xdx_059_edei%2D%2DAmendmentFlag_false -->
<!-- Field: Set; Name: xdx; ID: xdx_059_edei%2D%2DEntityCentralIndexKey_0000726728 -->
<!-- Field: Set; Name: xdx; ID: xdx_072_SO_T%2D%2D\DeptFiles%2DiXBRL 8%2DK Covers Templates\+++%2DROOT%2DElement%2D+++\DocumentInformationLineItems.xdxs -->
<!-- Field: Set; Name: xdx; ID: xdx_06B_USD_1_iso4217%2D%2DUSD -->
<!-- Field: Set; Name: xdx; ID: xdx_062_Shares_2_xbrli%2D%2Dshares -->
<!-- Field: Set; Name: xdx; ID: xdx_06D_USDPShares_3_iso4217%2D%2DUSD_xbrli%2D%2Dshares -->
<body style="font: 10pt Times New Roman, Times, Serif">
<div style="display: none">
<ix:header>
 <ix:hidden>
  <ix:nonNumeric contextRef="AsOf2024-08-27" id="Fact000003" name="dei:AmendmentFlag">false</ix:nonNumeric>
  <ix:nonNumeric contextRef="AsOf2024-08-27" id="Fact000004" name="dei:EntityCentralIndexKey">0000726728</ix:nonNumeric>
  </ix:hidden>
 <ix:references>
  <link:schemaRef xlink:href="o-20240827.xsd" xlink:type="simple"/>
  </ix:references>
 <ix:resources>
    <xbrli:context id="AsOf2024-08-27">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000726728</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2024-08-27</xbrli:startDate>
        <xbrli:endDate>2024-08-27</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2024-08-272024-08-27_us-gaap_CommonStockMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000726728</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2024-08-27</xbrli:startDate>
        <xbrli:endDate>2024-08-27</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2024-08-272024-08-27_custom_Series6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000726728</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Series6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2024-08-27</xbrli:startDate>
        <xbrli:endDate>2024-08-27</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2024-08-272024-08-27_custom_Notes1.125PercentDue2027Member">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000726728</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes1.125PercentDue2027Member</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2024-08-27</xbrli:startDate>
        <xbrli:endDate>2024-08-27</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2024-08-272024-08-27_custom_Notes1.875PercentDue2027Member">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000726728</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes1.875PercentDue2027Member</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2024-08-27</xbrli:startDate>
        <xbrli:endDate>2024-08-27</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2024-08-272024-08-27_custom_Notes1.625PercentDue2030Member">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000726728</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes1.625PercentDue2030Member</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2024-08-27</xbrli:startDate>
        <xbrli:endDate>2024-08-27</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2024-08-272024-08-27_custom_Notes4.875PercentDue2030Member">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000726728</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes4.875PercentDue2030Member</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2024-08-27</xbrli:startDate>
        <xbrli:endDate>2024-08-27</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2024-08-272024-08-27_custom_Notes5.750PercentDue2031Member">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000726728</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes5.750PercentDue2031Member</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2024-08-27</xbrli:startDate>
        <xbrli:endDate>2024-08-27</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2024-08-272024-08-27_custom_Notes1.750PercentDue2033Member">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000726728</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes1.750PercentDue2033Member</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2024-08-27</xbrli:startDate>
        <xbrli:endDate>2024-08-27</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2024-08-272024-08-27_custom_Notes5.125PercentDue2034Member">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000726728</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes5.125PercentDue2034Member</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2024-08-27</xbrli:startDate>
        <xbrli:endDate>2024-08-27</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2024-08-272024-08-27_custom_Notes6.000PercentDue2039Member">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000726728</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes6.000PercentDue2039Member</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2024-08-27</xbrli:startDate>
        <xbrli:endDate>2024-08-27</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:context id="From2024-08-272024-08-27_custom_Notes2.500PercentDue2042Member">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0000726728</xbrli:identifier>
        <xbrli:segment>
          <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes2.500PercentDue2042Member</xbrldi:explicitMember>
        </xbrli:segment>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2024-08-27</xbrli:startDate>
        <xbrli:endDate>2024-08-27</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:unit id="USD">
      <xbrli:measure>iso4217:USD</xbrli:measure>
    </xbrli:unit>
    <xbrli:unit id="Shares">
      <xbrli:measure>xbrli:shares</xbrli:measure>
    </xbrli:unit>
    <xbrli:unit id="USDPShares">
      <xbrli:divide>
        <xbrli:unitNumerator>
          <xbrli:measure>iso4217:USD</xbrli:measure>
        </xbrli:unitNumerator>
        <xbrli:unitDenominator>
          <xbrli:measure>xbrli:shares</xbrli:measure>
        </xbrli:unitDenominator>
      </xbrli:divide>
    </xbrli:unit>
  </ix:resources>
 </ix:header>
</div>


<div style="display: none">

</div>


<p style="margin: 0"></p>

<!-- Field: Rule-Page --><div style="margin-top: 0; margin-bottom: 0; width: 100%"><div style="border-top: Black 2pt solid; border-bottom: Black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left">&#160;</p>

<p style="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-size: 18pt"><b>United States</b></span></p>

<p style="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-size: 18pt"><b>Securities
and Exchange Commission</b></span></p>

<p style="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Washington, D.C. 20549</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-size: 14pt"><b>Form <span id="xdx_906_edei--DocumentType_c20240827__20240827_zaGq8cBhogSc"><ix:nonNumeric contextRef="AsOf2024-08-27" id="Fact000010" name="dei:DocumentType">8-K</ix:nonNumeric></span></b></span><b></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-size: 10pt"><b>Current Report</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Pursuant to Section 13 or 15(d) of the<br/> Securities Exchange Act of 1934</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-style: normal; font-weight: normal">Date
of report:</span> <b><span id="xdx_903_edei--DocumentPeriodEndDate_c20240827__20240827_zpkcKRliTDc5"><ix:nonNumeric contextRef="AsOf2024-08-27" format="ixt:datemonthdayyearen" id="Fact000011" name="dei:DocumentPeriodEndDate">August 27, 2024</ix:nonNumeric></span></b></p>

<p style="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-style: normal; font-weight: normal">(Date of Earliest Event Reported)</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<p style="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-size: 18pt"><b><span id="xdx_900_edei--EntityRegistrantName_c20240827__20240827_zzWOqIERe6kc"><ix:nonNumeric contextRef="AsOf2024-08-27" id="Fact000012" name="dei:EntityRegistrantName">REALTY
INCOME CORPORATION</ix:nonNumeric></span></b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&#160;</p>

<table border="0" cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="vertical-align: top; width: 32%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_901_edei--EntityIncorporationStateCountryCode_c20240827__20240827_zMD10aDVO3t9"><ix:nonNumeric contextRef="AsOf2024-08-27" format="ixt-sec:stateprovnameen" id="Fact000013" name="dei:EntityIncorporationStateCountryCode">Maryland</ix:nonNumeric></span></b></span></td>
    <td style="vertical-align: bottom; width: 2%">&#160;</td>
    <td style="vertical-align: top; width: 32%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_907_edei--EntityFileNumber_c20240827__20240827_zVghuiaSbdQ6"><ix:nonNumeric contextRef="AsOf2024-08-27" id="Fact000014" name="dei:EntityFileNumber">1-13374</ix:nonNumeric></span></b></span></td>
    <td style="vertical-align: bottom; width: 2%">&#160;</td>
    <td style="vertical-align: top; width: 32%; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_907_edei--EntityTaxIdentificationNumber_c20240827__20240827_zTcbqPAZbHh7"><ix:nonNumeric contextRef="AsOf2024-08-27" id="Fact000015" name="dei:EntityTaxIdentificationNumber">33-0580106</ix:nonNumeric></span></b></span></td></tr>
<tr>
    <td style="vertical-align: top; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">(State or Other Jurisdiction of<br/> Incorporation or Organization)</span></td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">(Commission File Number)</span></td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="white-space: nowrap; vertical-align: top; text-align: center"><span style="font: 10pt Times New Roman, Times, Serif">(IRS
    Employer Identification No.)</span></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-size: 10pt"><b><span id="xdx_90F_edei--EntityAddressAddressLine1_c20240827__20240827_zWA0vnlL29Yf"><ix:nonNumeric contextRef="AsOf2024-08-27" id="Fact000016" name="dei:EntityAddressAddressLine1">11995 El Camino Real</ix:nonNumeric></span>, <span id="xdx_900_edei--EntityAddressCityOrTown_c20240827__20240827_z2A7jHuAk7w2"><ix:nonNumeric contextRef="AsOf2024-08-27" id="Fact000017" name="dei:EntityAddressCityOrTown">San Diego</ix:nonNumeric></span>, <span id="xdx_902_edei--EntityAddressStateOrProvince_c20240827__20240827_z44umzqCGSDl"><ix:nonNumeric contextRef="AsOf2024-08-27" format="ixt-sec:stateprovnameen" id="Fact000018" name="dei:EntityAddressStateOrProvince">California</ix:nonNumeric></span> <span id="xdx_90A_edei--EntityAddressPostalZipCode_c20240827__20240827_zdk4HUUFSdU6"><ix:nonNumeric contextRef="AsOf2024-08-27" id="Fact000019" name="dei:EntityAddressPostalZipCode">92130</ix:nonNumeric></span><br/>
</b>(Address of principal executive offices)</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-size: 10pt"><b>(<span id="xdx_901_edei--CityAreaCode_c20240827__20240827_zsYc0GdCv9yh"><ix:nonNumeric contextRef="AsOf2024-08-27" id="Fact000020" name="dei:CityAreaCode">858</ix:nonNumeric></span>) <span id="xdx_905_edei--LocalPhoneNumber_c20240827__20240827_z3Y8CJ3dn7lf"><ix:nonNumeric contextRef="AsOf2024-08-27" id="Fact000021" name="dei:LocalPhoneNumber">284-5000</ix:nonNumeric></span><br/>
</b></span>(Registrant&#8217;s telephone number, including area code)</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-size: 10pt"><b>N/A<br/>
</b></span>(former name or former address, if changed since last report)</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Check the appropriate box below if the Form&#160;8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0.25in; text-align: left"><span id="xdx_909_edei--WrittenCommunications_c20240827__20240827_zRKheZTW2CAe" style="font-family: Wingdings; font-size: 10pt"><ix:nonNumeric contextRef="AsOf2024-08-27" format="ixt:booleanfalse" id="Fact000022" name="dei:WrittenCommunications">&#168;</ix:nonNumeric></span></td><td style="text-align: justify">Written communications pursuant to Rule&#160;425 under the Securities
Act (17 CFR 230.425)</td>
</tr></table>



<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%">
<tr style="vertical-align: top; text-align: justify">
<td style="width: 0.25in; text-align: left"><span id="xdx_90F_edei--SolicitingMaterial_c20240827__20240827_zWtBUDVdDWu" style="font-family: Wingdings; font-size: 10pt"><ix:nonNumeric contextRef="AsOf2024-08-27" format="ixt:booleanfalse" id="Fact000023" name="dei:SolicitingMaterial">&#168;</ix:nonNumeric></span></td>
<td style="text-align: justify">Soliciting material pursuant to Rule&#160;14a-12 under the Exchange Act (17 CFR 240.14a-12)</td></tr>
</table>




<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0.25in; text-align: left"><span style="font-family: Wingdings"><span id="xdx_901_edei--PreCommencementTenderOffer_c20240827__20240827_zSZOrTwH4V0h"><ix:nonNumeric contextRef="AsOf2024-08-27" format="ixt:booleanfalse" id="Fact000024" name="dei:PreCommencementTenderOffer">&#168;</ix:nonNumeric></span></span></td><td style="text-align: justify">Pre-commencement communications pursuant to Rule&#160;14d-2(b)&#160;under
the Exchange Act (17 CFR 240.14d-2(b))</td>
</tr></table>



<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0.25in; text-align: left"><span style="font-family: Wingdings"><span id="xdx_904_edei--PreCommencementIssuerTenderOffer_c20240827__20240827_zeJOFhcugcLj"><ix:nonNumeric contextRef="AsOf2024-08-27" format="ixt:booleanfalse" id="Fact000025" name="dei:PreCommencementIssuerTenderOffer">&#168;</ix:nonNumeric></span></span></td><td style="text-align: justify">Pre-commencement communications pursuant to Rule&#160;13e-4(c)&#160;under
the Exchange Act (17 CFR 240.13e-4(c))</td>
</tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Securities registered pursuant to Section&#160;12(b)&#160;of
the Act:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top; background-color: white">
    <td style="border-bottom: Black 1pt solid; vertical-align: bottom; width: 36%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title
    of each class</span></td>
    <td style="padding-right: 5pt; text-align: center; width: 2%; vertical-align: top; padding-left: 5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 5pt; vertical-align: bottom; width: 24%; text-align: center; padding-left: 5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trading<br/>

    symbol</span></td>
    <td style="padding-right: 5pt; text-align: center; width: 2%; vertical-align: top; padding-left: 5pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; padding-right: 5pt; vertical-align: top; width: 36%; text-align: center; padding-left: 5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name
    of Each Exchange On <br/>
Which <br/>
Registered</span></td></tr>
  <tr style="vertical-align: top">
    <td style="background-color: white; text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90F_edei--Security12bTitle_c20240827__20240827__us-gaap--StatementClassOfStockAxis__us-gaap--CommonStockMember_zZ3TRWTL1GA8"><ix:nonNumeric contextRef="From2024-08-272024-08-27_us-gaap_CommonStockMember" id="Fact000026" name="dei:Security12bTitle">Common
    Stock, $0.01 Par Value</ix:nonNumeric>  </span></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; background-color: white; text-align: center; padding-left: 5pt"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_907_edei--TradingSymbol_c20240827__20240827__us-gaap--StatementClassOfStockAxis__us-gaap--CommonStockMember_zoI1smEoIUw2"><ix:nonNumeric contextRef="From2024-08-272024-08-27_us-gaap_CommonStockMember" id="Fact000027" name="dei:TradingSymbol">O</ix:nonNumeric></span></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_904_edei--SecurityExchangeName_c20240827__20240827__us-gaap--StatementClassOfStockAxis__us-gaap--CommonStockMember_zvI1Amry6Dji"><ix:nonNumeric contextRef="From2024-08-272024-08-27_us-gaap_CommonStockMember" format="ixt-sec:exchnameen" id="Fact000028" name="dei:SecurityExchangeName">New York Stock Exchange</ix:nonNumeric></span></span></td></tr>
  <tr style="vertical-align: top">
    <td style="background-color: white; text-align: left"><span id="xdx_902_edei--Security12bTitle_c20240827__20240827__us-gaap--StatementClassOfStockAxis__custom--Series6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember_zGnGgF6x2Mc3"><ix:nonNumeric contextRef="From2024-08-272024-08-27_custom_Series6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember" id="Fact000029" name="dei:Security12bTitle">6.000% Series A Cumulative Redeemable Preferred Stock, $0.01 Par Value</ix:nonNumeric></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; background-color: white; text-align: center; padding-left: 5pt"><span id="xdx_90C_edei--TradingSymbol_c20240827__20240827__us-gaap--StatementClassOfStockAxis__custom--Series6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember_zop3s2uBrNMd"><ix:nonNumeric contextRef="From2024-08-272024-08-27_custom_Series6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember" id="Fact000030" name="dei:TradingSymbol">O
    PR</ix:nonNumeric></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span id="xdx_905_edei--SecurityExchangeName_c20240827__20240827__us-gaap--StatementClassOfStockAxis__custom--Series6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember_zcA9v8npkzof"><ix:nonNumeric contextRef="From2024-08-272024-08-27_custom_Series6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember" format="ixt-sec:exchnameen" id="Fact000031" name="dei:SecurityExchangeName">New York Stock Exchange</ix:nonNumeric></span></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90A_edei--Security12bTitle_c20240827__20240827__us-gaap--StatementClassOfStockAxis__custom--Notes1.125PercentDue2027Member_z9CNizFug9Y4"><ix:nonNumeric contextRef="From2024-08-272024-08-27_custom_Notes1.125PercentDue2027Member" id="Fact000032" name="dei:Security12bTitle">1.125% Notes due 2027</ix:nonNumeric></span></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_907_edei--TradingSymbol_c20240827__20240827__us-gaap--StatementClassOfStockAxis__custom--Notes1.125PercentDue2027Member_zQKbb6UMWqK"><ix:nonNumeric contextRef="From2024-08-272024-08-27_custom_Notes1.125PercentDue2027Member" id="Fact000033" name="dei:TradingSymbol">O27A</ix:nonNumeric></span></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_906_edei--SecurityExchangeName_c20240827__20240827__us-gaap--StatementClassOfStockAxis__custom--Notes1.125PercentDue2027Member_zM5Z0QpixR3d"><ix:nonNumeric contextRef="From2024-08-272024-08-27_custom_Notes1.125PercentDue2027Member" format="ixt-sec:exchnameen" id="Fact000034" name="dei:SecurityExchangeName">New York Stock Exchange</ix:nonNumeric></span></span></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_901_edei--Security12bTitle_c20240827__20240827__us-gaap--StatementClassOfStockAxis__custom--Notes1.875PercentDue2027Member_z3gm7hvd6xdj"><ix:nonNumeric contextRef="From2024-08-272024-08-27_custom_Notes1.875PercentDue2027Member" id="Fact000035" name="dei:Security12bTitle">1.875% Notes due 2027</ix:nonNumeric></span></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_904_edei--TradingSymbol_c20240827__20240827__us-gaap--StatementClassOfStockAxis__custom--Notes1.875PercentDue2027Member_z8oc1PT2Bgs1"><ix:nonNumeric contextRef="From2024-08-272024-08-27_custom_Notes1.875PercentDue2027Member" id="Fact000036" name="dei:TradingSymbol">O27B</ix:nonNumeric></span></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90A_edei--SecurityExchangeName_c20240827__20240827__us-gaap--StatementClassOfStockAxis__custom--Notes1.875PercentDue2027Member_zbUhu0W0mucf"><ix:nonNumeric contextRef="From2024-08-272024-08-27_custom_Notes1.875PercentDue2027Member" format="ixt-sec:exchnameen" id="Fact000037" name="dei:SecurityExchangeName">New York Stock Exchange</ix:nonNumeric></span></span></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: left"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_909_edei--Security12bTitle_c20240827__20240827__us-gaap--StatementClassOfStockAxis__custom--Notes1.625PercentDue2030Member_zQm8905cTAr"><ix:nonNumeric contextRef="From2024-08-272024-08-27_custom_Notes1.625PercentDue2030Member" id="Fact000038" name="dei:Security12bTitle">1.625% Notes due 2030</ix:nonNumeric></span></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90C_edei--TradingSymbol_c20240827__20240827__us-gaap--StatementClassOfStockAxis__custom--Notes1.625PercentDue2030Member_zqmFL3p9Ka2k"><ix:nonNumeric contextRef="From2024-08-272024-08-27_custom_Notes1.625PercentDue2030Member" id="Fact000039" name="dei:TradingSymbol">O30</ix:nonNumeric></span></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span style="font: 10pt Times New Roman, Times, Serif"><span id="xdx_90E_edei--SecurityExchangeName_c20240827__20240827__us-gaap--StatementClassOfStockAxis__custom--Notes1.625PercentDue2030Member_zkEt7QkJAMb6"><ix:nonNumeric contextRef="From2024-08-272024-08-27_custom_Notes1.625PercentDue2030Member" format="ixt-sec:exchnameen" id="Fact000040" name="dei:SecurityExchangeName">New York Stock Exchange</ix:nonNumeric></span></span></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: left"><span id="xdx_90B_edei--Security12bTitle_c20240827__20240827__us-gaap--StatementClassOfStockAxis__custom--Notes4.875PercentDue2030Member_zZAowg8jwGz6"><ix:nonNumeric contextRef="From2024-08-272024-08-27_custom_Notes4.875PercentDue2030Member" id="Fact000041" name="dei:Security12bTitle">4.875% Notes due 2030</ix:nonNumeric></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span id="xdx_90F_edei--TradingSymbol_c20240827__20240827__us-gaap--StatementClassOfStockAxis__custom--Notes4.875PercentDue2030Member_zJCzbaa7rRWb"><ix:nonNumeric contextRef="From2024-08-272024-08-27_custom_Notes4.875PercentDue2030Member" id="Fact000042" name="dei:TradingSymbol">O30A</ix:nonNumeric></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span id="xdx_90B_edei--SecurityExchangeName_c20240827__20240827__us-gaap--StatementClassOfStockAxis__custom--Notes4.875PercentDue2030Member_znKPYKmJqF08"><ix:nonNumeric contextRef="From2024-08-272024-08-27_custom_Notes4.875PercentDue2030Member" format="ixt-sec:exchnameen" id="Fact000043" name="dei:SecurityExchangeName">New York Stock Exchange</ix:nonNumeric></span></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: left"><span id="xdx_905_edei--Security12bTitle_c20240827__20240827__us-gaap--StatementClassOfStockAxis__custom--Notes5.750PercentDue2031Member_zH3n7Y5egXkl"><ix:nonNumeric contextRef="From2024-08-272024-08-27_custom_Notes5.750PercentDue2031Member" id="Fact000044" name="dei:Security12bTitle">5.750% Notes due 2031</ix:nonNumeric></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span id="xdx_90D_edei--TradingSymbol_c20240827__20240827__us-gaap--StatementClassOfStockAxis__custom--Notes5.750PercentDue2031Member_zrRoH9Y7XEm"><ix:nonNumeric contextRef="From2024-08-272024-08-27_custom_Notes5.750PercentDue2031Member" id="Fact000045" name="dei:TradingSymbol">O31A</ix:nonNumeric></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span id="xdx_90F_edei--SecurityExchangeName_c20240827__20240827__us-gaap--StatementClassOfStockAxis__custom--Notes5.750PercentDue2031Member_zd4c9b1xsOub"><ix:nonNumeric contextRef="From2024-08-272024-08-27_custom_Notes5.750PercentDue2031Member" format="ixt-sec:exchnameen" id="Fact000046" name="dei:SecurityExchangeName">New York Stock Exchange</ix:nonNumeric></span></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: left"><span id="xdx_904_edei--Security12bTitle_c20240827__20240827__us-gaap--StatementClassOfStockAxis__custom--Notes1.750PercentDue2033Member_zsAFXz7vUZu1"><ix:nonNumeric contextRef="From2024-08-272024-08-27_custom_Notes1.750PercentDue2033Member" id="Fact000047" name="dei:Security12bTitle">1.750% Notes due 2033</ix:nonNumeric></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span id="xdx_90D_edei--TradingSymbol_c20240827__20240827__us-gaap--StatementClassOfStockAxis__custom--Notes1.750PercentDue2033Member_zml0qI2nTl89"><ix:nonNumeric contextRef="From2024-08-272024-08-27_custom_Notes1.750PercentDue2033Member" id="Fact000048" name="dei:TradingSymbol">O33A</ix:nonNumeric></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span id="xdx_907_edei--SecurityExchangeName_c20240827__20240827__us-gaap--StatementClassOfStockAxis__custom--Notes1.750PercentDue2033Member_zBhkjZrLsOrc"><ix:nonNumeric contextRef="From2024-08-272024-08-27_custom_Notes1.750PercentDue2033Member" format="ixt-sec:exchnameen" id="Fact000049" name="dei:SecurityExchangeName">New York Stock Exchange</ix:nonNumeric></span></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: left"><span id="xdx_901_edei--Security12bTitle_c20240827__20240827__us-gaap--StatementClassOfStockAxis__custom--Notes5.125PercentDue2034Member_zhuVjrp4tDxg"><ix:nonNumeric contextRef="From2024-08-272024-08-27_custom_Notes5.125PercentDue2034Member" id="Fact000050" name="dei:Security12bTitle">5.125% Notes due 2034</ix:nonNumeric></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span id="xdx_90A_edei--TradingSymbol_c20240827__20240827__us-gaap--StatementClassOfStockAxis__custom--Notes5.125PercentDue2034Member_z4Xa74zPdv81"><ix:nonNumeric contextRef="From2024-08-272024-08-27_custom_Notes5.125PercentDue2034Member" id="Fact000051" name="dei:TradingSymbol">O34</ix:nonNumeric></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span id="xdx_904_edei--SecurityExchangeName_c20240827__20240827__us-gaap--StatementClassOfStockAxis__custom--Notes5.125PercentDue2034Member_zdFWn5puazu5"><ix:nonNumeric contextRef="From2024-08-272024-08-27_custom_Notes5.125PercentDue2034Member" format="ixt-sec:exchnameen" id="Fact000052" name="dei:SecurityExchangeName">New York Stock Exchange</ix:nonNumeric></span></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: left"><span id="xdx_90E_edei--Security12bTitle_c20240827__20240827__us-gaap--StatementClassOfStockAxis__custom--Notes6.000PercentDue2039Member_zeAKWMAnBeT4"><ix:nonNumeric contextRef="From2024-08-272024-08-27_custom_Notes6.000PercentDue2039Member" id="Fact000053" name="dei:Security12bTitle">6.000% Notes due 2039</ix:nonNumeric></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span id="xdx_901_edei--TradingSymbol_c20240827__20240827__us-gaap--StatementClassOfStockAxis__custom--Notes6.000PercentDue2039Member_zcrUDgnykyl7"><ix:nonNumeric contextRef="From2024-08-272024-08-27_custom_Notes6.000PercentDue2039Member" id="Fact000054" name="dei:TradingSymbol">O39</ix:nonNumeric></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span id="xdx_907_edei--SecurityExchangeName_c20240827__20240827__us-gaap--StatementClassOfStockAxis__custom--Notes6.000PercentDue2039Member_zOG46MHXm0Ni"><ix:nonNumeric contextRef="From2024-08-272024-08-27_custom_Notes6.000PercentDue2039Member" format="ixt-sec:exchnameen" id="Fact000055" name="dei:SecurityExchangeName">New York Stock Exchange</ix:nonNumeric></span></td></tr>
  <tr style="vertical-align: top; background-color: white">
    <td style="text-align: left"><span id="xdx_907_edei--Security12bTitle_c20240827__20240827__us-gaap--StatementClassOfStockAxis__custom--Notes2.500PercentDue2042Member_zKndd1m34TL"><ix:nonNumeric contextRef="From2024-08-272024-08-27_custom_Notes2.500PercentDue2042Member" id="Fact000056" name="dei:Security12bTitle">2.500% Notes due 2042</ix:nonNumeric></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span id="xdx_90F_edei--TradingSymbol_c20240827__20240827__us-gaap--StatementClassOfStockAxis__custom--Notes2.500PercentDue2042Member_zPUErp2ZIowf"><ix:nonNumeric contextRef="From2024-08-272024-08-27_custom_Notes2.500PercentDue2042Member" id="Fact000057" name="dei:TradingSymbol">O42</ix:nonNumeric></span></td>
    <td style="padding-right: 5pt; padding-left: 5pt">&#160;</td>
    <td style="padding-right: 5pt; text-align: center; padding-left: 5pt"><span id="xdx_903_edei--SecurityExchangeName_c20240827__20240827__us-gaap--StatementClassOfStockAxis__custom--Notes2.500PercentDue2042Member_zeBwqP5lWt1a"><ix:nonNumeric contextRef="From2024-08-272024-08-27_custom_Notes2.500PercentDue2042Member" format="ixt-sec:exchnameen" id="Fact000058" name="dei:SecurityExchangeName">New York Stock Exchange</ix:nonNumeric></span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left">Emerging
growth company <span id="xdx_900_edei--EntityEmergingGrowthCompany_c20240827__20240827_z7kxaG90Xey5" style="font-family: Wingdings; font-size: 10pt"><ix:nonNumeric contextRef="AsOf2024-08-27" format="ixt:booleanfalse" id="Fact000059" name="dei:EntityEmergingGrowthCompany">&#168;</ix:nonNumeric></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section&#160;13(a)&#160;of the Exchange Act. <span style="font-family: Wingdings">&#168;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<!-- Field: Rule-Page --><div style="width: 100%"><div style="border-top: Black 1pt solid; border-bottom: Black 2pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<!-- Field: Page; Sequence: 1 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Item 8.01 Other Events</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On August 27, 2024,
Realty Income Corporation (the &#8220;Company&#8221;) entered into a purchase agreement with Barclays Bank PLC, BNP Paribas, Merrill
Lynch International, Goldman Sachs&#160;&amp; Co. LLC and Wells Fargo Securities International Limited, as representatives (the
&#8220;Representatives&#8221;) of the underwriters listed therein (the &#8220;Underwriters&#8221;), pursuant to which the Company
agreed to issue and sell to the Underwriters &#163;350,000,000 million aggregate principal amount of its 5.000% Notes due 2029 and
&#163;350,000,000 million aggregate principal amount of its 5.250% Notes due 2041. The offering is anticipated to close on September
4, 2024, subject to the satisfaction of customary closing conditions.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><i>Forward-Looking Statements</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
Current Report on Form&#160;8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act
of 1995, Section&#160;27A of the Securities Act of 1933, as amended, and Section&#160;21E of the Exchange Act of 1934, as amended. When
used herein, the words &#8220;estimated,&#8221; &#8220;anticipated,&#8221; &#8220;expect,&#8221; &#8220;believe,&#8221; &#8220;intend,&#8221;
&#8220;continue,&#8221; &#8220;should,&#8221; &#8220;may,&#8221; &#8220;likely,&#8221; &#8220;plans,&#8221; and similar expressions are
intended to identify forward-looking statements. Forward looking statements include discussions of our business and portfolio (including
our growth strategies and our intention to acquire or dispose of properties including geographies, timing, partners, clients and terms);
re leases, re development and speculative development of properties and expenditures related thereto; future operations and results; the
announcement of operating results, strategy, plans, and the intentions of management; settlement of shares of common stock sold pursuant
to forward sale confirmations under our At the Market Program; dividends, including the amount, timing and payment of dividends related
thereto; and trends in our business, including trends in the market for long term leases of freestanding, single client properties. Forward
looking statements are subject to risks, uncertainties, and assumptions about the Company which may cause our actual future results to
differ materially from expected results. Some of the factors that could cause actual results to differ materially are, among others, our
continued qualification as a real estate investment trust; general domestic and foreign business, economic, or financial conditions; competition;
fluctuating interest and currency rates; inflation and its impact on our clients and us; access to debt and equity capital markets and
other sources of funding (including the terms and partners of such funding); continued volatility and uncertainty in the credit markets
and broader financial markets; other risks inherent in the real estate business including our clients&#8217; defaults under leases, increased
client bankruptcies, potential liability relating to environmental matters, illiquidity of real estate investments, and potential damages
from natural disasters; impairments in the value of our real estate assets; changes in domestic and foreign income tax laws and rates;
our clients&#8217; solvency; property ownership through joint ventures, partnerships and other arrangements which may limit control of
the underlying investments; epidemics or pandemics, measures taken to limit their spread, the impacts on us, our business, our clients,
and the economy generally; the loss of key personnel; the outcome of any legal proceedings to which we are a party or which may occur
in the future; acts of terrorism and war; the anticipated benefits as a result of our merger with Spirit Realty Capital,&#160;Inc.; and
those additional risks and factors discussed in our reports filed with the U.S. Securities and Exchange Commission. Readers are cautioned
not to place undue reliance on forward-looking statements. Forward-looking statements are not guarantees of future plans and performance
and speak only as of the date of this report. Actual plans and operating results may differ materially from what is expressed or forecasted
herein. We do not undertake any obligation to update forward-looking statements or publicly release the results of any forward-looking
statements that may be made to reflect events or circumstances after the date these statements were made</span>.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Item 9.01 Financial Statements and Exhibits</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(d)&#160;Exhibits</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="padding: 0.25pt 0.5pt; text-align: center"><a href="tm2422541d2_ex1-1.htm"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.1</span></a></td>
    <td style="padding: 0.25pt 0.5pt">&#160;</td>
    <td style="padding: 0.25pt 0.5pt"><a href="tm2422541d2_ex1-1.htm"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Purchase Agreement, dated
    August 27, 2024 between the Representatives of the Underwriters and the Company.</span></a></td></tr>
  <tr>
    <td style="padding: 0.25pt 0.5pt; vertical-align: top; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">104</span></td>
    <td style="padding: 0.25pt 0.5pt; vertical-align: bottom">&#160;</td>
    <td style="padding: 0.25pt 0.5pt; vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cover Page&#160;Interactive Data File (formatted as Inline XBRL and contained in Exhibit&#160;101)</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

<!-- Field: Page; Sequence: 2 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>SIGNATURE</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td colspan="2">&#160;</td>
    <td colspan="2"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">REALTY INCOME CORPORATION</span></td></tr>
  <tr style="vertical-align: top">
    <td colspan="2">&#160;</td>
    <td colspan="2">&#160;</td></tr>
  <tr style="vertical-align: top">
    <td style="width: 5%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date:</span></td>
    <td style="width: 45%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">August 28, 2024</span></td>
    <td style="width: 3%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</span></td>
    <td style="border-bottom: black 1pt solid; width: 47%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Bianca Martinez</span></td></tr>
  <tr style="vertical-align: top">
    <td colspan="2">&#160;</td>
    <td>&#160;</td>
    <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bianca Martinez<br/>
Senior Vice President, Associate General Counsel and Assistant Secretary</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<!-- Field: Page; Sequence: 3; Options: Last -->
    <div style="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<!-- Field: Set; Name: xdx; ID: xdx_08B_extensions -->
<!-- eJxFjV0KwjAQhE/QOyx5LtpGi9hHixaxihQRX6NdJdhmyyb+HclbGlvEZWFZZr4ZIUKR00LXyHCYlQXssGlr5RBKPCOjOaF3ZMtVCv6WeNHWsTKue39gRp5BzyQDKY9e6Kx3bbFKIUqGcjqUY4hGaTKB7VoEXz0jc9YVGqdVDcpUsGVqWaNT/OoTdupJhppXV7VHtppMCvEg6uU3yCiWsKG7ehBfLRRFJoKwm0DkTLfWu+ZPh+ZLwrzGxtfZnv5v8AENfkqY -->
</body>
</html>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1.1
<SEQUENCE>2
<FILENAME>tm2422541d2_ex1-1.htm
<DESCRIPTION>EXHIBIT 1.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><B>Exhibit 1.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&pound;700,000,000</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">REALTY INCOME CORPORATION<BR>
(a Maryland Corporation)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&pound;350,000,000
5.000</FONT>% Notes due 2029</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&pound;350,000,000
5.250</FONT>% Notes due 2041</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">PURCHASE AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">August&nbsp;27, 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Table of Contents</FONT></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right; width: 90%"></TD>
    <TD STYLE="text-align: right; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Page</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;1. Representations
    and Warranties.</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">4</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;2. Sale and
    Delivery to the Underwriters; Closing.</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">20</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;3. Covenants
    of the Company</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">21</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;4. Payment
    of Expenses</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">26</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;5. Conditions
    of Underwriters&rsquo; Obligations</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">27</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;6. Indemnification.</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">30</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;7. Contribution</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">32</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;8. Representations,
    Warranties and Agreements to Survive Delivery</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">33</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;9. Termination
    of Agreement</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">34</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;10. Default
    by One or More of the Underwriters</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">34</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;11. Notices</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">35</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;12. Parties</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">35</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;13. Recognition
    of the U.S. Special Resolution Regimes</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">36</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;14. Contractual
    Recognition of Bail-In</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">36</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;15. ICMA Agreement
    Among Managers</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">38</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;16. Stabilizing
    Manager</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">38</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;17. [Intentionally
    omitted]</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">38</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;18. UK MiFIR
    Product Governance</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">38</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;19. Judgment
    Currency</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">39</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;20. No Advisory
    or Fiduciary Responsibility; Tax Disclosure</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">39</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;21. Integration</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">40</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;22. GOVERNING
    LAW AND TIME</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">40</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;23. Waiver
    of Jury Trial</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">40</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">SECTION&nbsp;24. Effect
    of Headings and Table of Contents; Counterparts</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">40</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->i<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 9%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule&nbsp;A</FONT></TD>
    <TD STYLE="text-align: left; width: 2%">&ndash;</TD>
    <TD STYLE="width: 79%">List of Underwriters</TD>
    <TD STYLE="text-align: right; width: 10%">Sch A-1</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule&nbsp;B</FONT></TD>
    <TD STYLE="text-align: left">&ndash;</TD>
    <TD>Pricing Schedule</TD>
    <TD STYLE="text-align: right">Sch B-1</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule C</FONT></TD>
    <TD STYLE="text-align: left">&ndash;</TD>
    <TD>Pricing Term Sheet</TD>
    <TD STYLE="text-align: right">Sch C-1</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule D</FONT></TD>
    <TD STYLE="text-align: left">&ndash;</TD>
    <TD>Issuer General Use Free Writing Prospectuses</TD>
    <TD STYLE="text-align: right">Sch D-1</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit&nbsp;A</FONT></TD>
    <TD STYLE="text-align: left">&ndash;</TD>
    <TD>Form of Opinion of Latham&amp; Watkins LLP</TD>
    <TD STYLE="text-align: right">A-1</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit&nbsp;B</FONT></TD>
    <TD STYLE="text-align: left">&ndash;</TD>
    <TD>Form of Opinion of Venable LLP</TD>
    <TD STYLE="text-align: right">B-1</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 3; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->ii<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&pound;700,000,000</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">REALTY INCOME CORPORATION<BR>
(a Maryland corporation)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&pound;350,000,000 5.000% Notes due 2029</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&pound;350,000,000 5.250% Notes due 2041</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>PURCHASE AGREEMENT</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">August&nbsp;27, 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Barclays Bank PLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1 Churchill Place</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">London, E14 5HP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">United Kingdom</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">BNP Paribas</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">16, boulevard des Italiens</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">75009 Paris, France</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Merrill Lynch International</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2 King Edward Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">London EC1A 1HQ</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">United Kingdom</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Goldman Sachs&nbsp;&amp; Co. LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">200 West Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">New York, New York 10282</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Wells Fargo Securities International Limited</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">33 King William Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">London EC4R 9AT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">United Kingdom</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As Representatives of the several Underwriters</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">listed in the signature pages&nbsp;hereto</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">and named in Schedule A hereto</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Realty Income Corporation, a Maryland corporation (the &ldquo;Company&rdquo;),
confirms its agreement with the underwriters listed in the signature pages&nbsp;hereto and named in Schedule&nbsp;A hereto (the &ldquo;Underwriters&rdquo;
which term shall also include any underwriter substituted as hereinafter provided in Section&nbsp;10 hereof), for whom Barclays Bank
PLC (&ldquo;Barclays&rdquo;), BNP Paribas (&ldquo;BNP&rdquo;), Merrill Lynch International (&ldquo;Merrill Lynch&rdquo;), Goldman Sachs&nbsp;&amp;
Co. LLC (&ldquo;Goldman&rdquo;) and Wells Fargo Securities International Limited (&ldquo;Wells Fargo&rdquo;) are acting as representatives
(Barclays, BNP, Merrill Lynch, Goldman and Wells Fargo, in such capacities, the &ldquo;Representatives&rdquo;), with respect to the sale
by the Company and the purchase by the Underwriters, acting severally and not jointly, of (i)&nbsp;&pound;350,000,000 aggregate principal
amount of the Company&rsquo;s 5.000% Notes due 2029 (the &ldquo;2029 Notes&rdquo;) and (ii)&nbsp;&pound;350,000,000 aggregate principal
amount of the Company&rsquo;s 5.250% Notes due 2041 (the &ldquo;2041 Notes&rdquo; and, together with the 2029 Notes, the &ldquo;Securities&rdquo;).
The Securities are to be issued pursuant to an indenture dated as of October&nbsp;28, 1998 (the &ldquo;Indenture&rdquo;) between the
Company and The Bank of New York Mellon Trust Company, N.A., as successor trustee (the &ldquo;Trustee&rdquo;) to The Bank of New York,
the original trustee (the &ldquo;Original Trustee&rdquo;). In connection with the issuance of the Securities, the Company will enter
into a Paying Agency Agreement (the &ldquo;Agency Agreement&rdquo;), to be dated as of September&nbsp;4, 2024, between the Company and
The Bank of New York Mellon, London Branch (&ldquo;BNY London&rdquo;), as a paying agent for the Securities (in such capacity, the &ldquo;Agent&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company understands that the Underwriters
propose to make a public offering of the Securities as soon as the Representatives deem advisable after this Agreement has been executed
and delivered.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On January&nbsp;23, 2024, the Company completed
the acquisition (the &ldquo;Acquisition&rdquo;) of Spirit Realty Capital,&nbsp;Inc. (&ldquo;Spirit&rdquo; or the &ldquo;Acquired Company&rdquo;)
pursuant to the Agreement and Plan of Merger, dated as of October&nbsp;29, 2023, as amended and supplemented, if applicable, by and among
the Company, Saints MD Subsidiary,&nbsp;Inc., a Maryland corporation and a direct wholly-owned subsidiary of the Company (&ldquo;Merger
Sub&rdquo;), and Spirit. Unless otherwise expressly stated herein, all references to &ldquo;subsidiaries&rdquo; of the Company and similar
references shall include, but not be limited to, Spirit and all other subsidiaries acquired by the Company pursuant to the Acquisition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 5; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company has filed with the Securities and
Exchange Commission (the &ldquo;Commission&rdquo;) an automatic shelf registration statement on Form&nbsp;S-3 (No.&nbsp;333-277150) (the
&ldquo;Current Registration Statement&rdquo;) for the registration of shares of its common stock, par value $0.01 per share (the &ldquo;Common
Stock&rdquo;), shares of its preferred stock, par value $0.01 per share (the &ldquo;Preferred Stock&rdquo;), its debt securities (including
the Securities), depositary shares representing fractional interests in shares of Preferred Stock, and warrants to purchase its debt
securities, Common Stock, Preferred Stock or depositary shares under the Securities Act of 1933, as amended (the &ldquo;1933 Act&rdquo;),
including the related preliminary prospectus or prospectuses. Promptly after execution and delivery of this Agreement, the Company will
prepare and file a final prospectus supplement and the Base Prospectus (as hereinafter defined) in accordance with the provisions of
Rule&nbsp;430B (&ldquo;Rule&nbsp;430B&rdquo;) of the rules&nbsp;and regulations of the Commission under the 1933 Act (the &ldquo;1933
Act Regulations&rdquo;) and paragraph&nbsp;(b)&nbsp;of Rule&nbsp;424 (&ldquo;Rule&nbsp;424(b)&rdquo;) of the 1933 Act Regulations. Any
information included in such final prospectus supplement or the Base Prospectus that was omitted from the Current Registration Statement
at the time it became effective but that is deemed to be part of and included in the Current Registration Statement pursuant to paragraph&nbsp;(f)&nbsp;of
Rule&nbsp;430B under the 1933 Act Regulations is referred to as the &ldquo;Rule&nbsp;430B Information.&rdquo; Each prospectus, together
with the related prospectus supplement, relating to the Securities that omitted the Rule&nbsp;430B Information or that was captioned
&ldquo;Subject to Completion&rdquo; or &ldquo;Preliminary&rdquo; (or a similar caption) that was used after the date on which the Current
Registration Statement first became effective and prior to the execution and delivery of this Agreement is herein called, together with
the documents incorporated or deemed to be incorporated by reference therein pursuant to Item&nbsp;12 of Form&nbsp;S-3 under the 1933
Act, a &ldquo;preliminary prospectus&rdquo; and all references herein to any &ldquo;preliminary prospectus&rdquo; shall be deemed to
include the Statutory Prospectus (as hereinafter defined). The Current Registration Statement, at any given time, including the amendments
thereto at such time, the exhibits and any schedules thereto at such time, if any, and documents incorporated and deemed to be incorporated
by reference therein pursuant to Item&nbsp;12 of Form&nbsp;S-3 under the 1933 Act at such time, and the documents and information (including,
without limitation, any 430B Information) otherwise deemed to be a part thereof or included therein by the 1933 Act Regulations at such
time, are hereinafter called, collectively, the &ldquo;Registration Statement.&rdquo; The prospectus dated February&nbsp;16, 2024 (the
&ldquo;Base Prospectus&rdquo;) and the final prospectus supplement relating to the offering of the Securities, including the documents
incorporated and deemed to be incorporated by reference therein pursuant to Item 12 of Form&nbsp;S-3 under the 1933 Act, in the form
first furnished (electronically or otherwise) to the Underwriters for use in connection with the offering of the Securities (whether
to meet the requests of purchasers pursuant to Rule&nbsp;173 under the 1933 Act Regulations or otherwise) or, if not furnished to the
Underwriters, in the form first filed by the Company pursuant to Rule&nbsp;424(b), are herein called, collectively, the &ldquo;Prospectus.&rdquo;
For purposes of this Agreement, all references to the Registration Statement, any preliminary prospectus, the Statutory Prospectus, the
Prospectus or any Issuer Free Writing Prospectus (as hereinafter defined) or any amendment or supplement to any of the foregoing shall
be deemed to include any copy filed with the Commission pursuant to its Electronic Data Gathering, Analysis and Retrieval system (&ldquo;EDGAR&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 6; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">All references in this Agreement to financial
statements and schedules and other information which is &ldquo;described,&rdquo; &ldquo;disclosed,&rdquo; &ldquo;contained,&rdquo; &ldquo;included,&rdquo;
&ldquo;made,&rdquo; &ldquo;stated&rdquo; or &ldquo;referred to&rdquo; in the Registration Statement, any preliminary prospectus, the
Statutory Prospectus or the Prospectus (or other references of like import) shall be deemed to mean and include all such financial statements
and schedules and other information which is incorporated or deemed to be incorporated by reference in, or otherwise deemed by the 1933
Act Regulations (including, without limitation, Rule&nbsp;430B(f)&nbsp;of the 1933 Act Regulations) to be a part of or included in, the
Registration Statement, such preliminary prospectus, the Statutory Prospectus or the Prospectus, as the case may be; and all references
in this Agreement to amendments or supplements to the Registration Statement, any preliminary prospectus, the Statutory Prospectus or
the Prospectus shall be deemed to mean and include the filing of any document under the Securities Exchange Act of 1934, as amended (the
&ldquo;1934 Act&rdquo;) or the rules&nbsp;and regulations promulgated thereunder (the &ldquo;1934 Act Regulations&rdquo;), which is incorporated
or deemed to be incorporated by reference in the Registration Statement, such preliminary prospectus, the Statutory Prospectus or the
Prospectus, as the case may be.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">All references in this Agreement to properties
or improvements &ldquo;owned by&rdquo; or &ldquo;of&rdquo; the Company or any of its subsidiaries shall be deemed to mean and include
all properties and improvements which are leased by the Company or any of its subsidiaries, as lessee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;1. <U>Representations and Warranties</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Representations
and Warranties by the Company</I>. The Company represents and warrants to each Underwriter as of the date hereof, as of the Applicable
Time referred to in Section&nbsp;1(a)(i)&nbsp;hereof, and as of the Closing Time referred to in Section&nbsp;2(b)&nbsp;hereof, and agrees
with each Underwriter, as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Compliance
with Registration Requirements</U>. (A)&nbsp;At the time that the Registration Statement was originally filed, (B)&nbsp;at the time of
the most recent amendment thereto for the purposes of complying with Section&nbsp;10(a)(3)&nbsp;of the 1933 Act (whether such amendment
was by post-effective amendment, incorporated report filed pursuant to Section&nbsp;13 or 15(d)&nbsp;of the 1934 Act or form of prospectus),
(C)&nbsp;at the time the Company or any person acting on its behalf (within the meaning, for this clause only, of Rule&nbsp;163(c)&nbsp;of
the 1933 Act Regulations) made any offer relating to the Securities in reliance on the exemption of Rule&nbsp;163 of the 1933 Act Regulations
and (D)&nbsp;at the date hereof, the Company (x)&nbsp;was and is a &ldquo;well-known seasoned issuer&rdquo; as defined in Rule&nbsp;405
of the 1933 Act Regulations (&ldquo;Rule&nbsp;405&rdquo;) and (y)&nbsp;was not and is not an &ldquo;ineligible issuer&rdquo; as defined
in Rule&nbsp;405. The Registration Statement is an &ldquo;automatic shelf registration statement,&rdquo; as defined in Rule&nbsp;405,
and the Securities, since their registration on the Registration Statement, have been and remain eligible for registration by the Company
on an &ldquo;automatic shelf registration statement&rdquo; as defined in Rule&nbsp;405. The Company has not received from the Commission
any notice pursuant to Rule&nbsp;401(g)(2)&nbsp;of the 1933 Act Regulations (&ldquo;Rule&nbsp;401(g)(2)&rdquo;) objecting to the use
of the automatic shelf registration statement form. At the earliest time after the original filing of the Registration Statement that
the Company or another offering participant (with respect to the offering contemplated hereby) made a <I>bona fide</I> offer (within
the meaning of Rule&nbsp;164(h)(2)&nbsp;of the 1933 Act Regulations) of the Securities, the Company was not an &ldquo;ineligible issuer,&rdquo;
as defined in Rule&nbsp;405. The Indenture has been duly qualified under the Trust Indenture Act of 1939, as amended (the &ldquo;1939
Act&rdquo;), and the Trustee has duly filed with the Commission a Statement of Eligibility on Form&nbsp;T-1 as an exhibit to the Registration
Statement or pursuant to Section&nbsp;305(b)(2)&nbsp;of the 1939 Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">The Registration Statement became effective
upon filing under Rule&nbsp;462(e)&nbsp;of the 1933 Act Regulations (&ldquo;Rule&nbsp;462(e)&rdquo;) on February&nbsp;16, 2024, and any
post-effective amendment thereto also became effective upon filing under Rule&nbsp;462(e). No stop order suspending the effectiveness
of the Registration Statement has been issued under the 1933 Act and no proceedings for that purpose have been instituted or are pending
or, to the knowledge of the Company, are contemplated by the Commission, and any request on the part of the Commission for additional
information has been complied with.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 7; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">Any offer that was a written communication
relating to the Securities made by the Company or any person acting on its behalf (within the meaning, for this paragraph only, of Rule&nbsp;163(c)&nbsp;of
the 1933 Act Regulations) prior to the time that the Registration Statement was originally filed has been filed with the Commission in
accordance with the exemption provided by Rule&nbsp;163 of the 1933 Act Regulations (&ldquo;Rule&nbsp;163&rdquo;) and otherwise complied
with the requirements of Rule&nbsp;163, including without limitation the legending requirement, to qualify such offer for the exemption
from Section&nbsp;5(c)&nbsp;of the 1933 Act provided by Rule&nbsp;163.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">At the respective times the Registration
Statement originally became effective and any amendment thereto became effective, at the time (if subsequent to the time that the Registration
Statement originally became effective) the Company&rsquo;s most recent Annual Report on Form&nbsp;10-K was filed with the Commission,
at each &ldquo;new effective date&rdquo; with respect to the Underwriters pursuant to Rule&nbsp;430B(f)(2)&nbsp;of the 1933 Act Regulations,
and at the Closing Time, the Registration Statement and any amendments and supplements thereto complied and will comply in all material
respects with the applicable requirements of the 1933 Act, the 1933 Act Regulations, the 1939 Act, and the rules&nbsp;and regulations
of the Commission under the 1939 Act (the &ldquo;1939 Act Regulations&rdquo;), and did not and will not contain an untrue statement of
a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading,
and, at the date hereof and at the Closing Time, neither the Prospectus nor any amendments or supplements thereto contained or will contain
any untrue statement of a material fact or omitted or will omit to state a material fact necessary in order to make the statements therein,
in the light of the circumstances under which they were made, not misleading.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">Each preliminary prospectus and Prospectus
filed as part of the Registration Statement as originally filed or as part of any amendment thereto, or filed pursuant to Rule&nbsp;424
of the 1933 Act Regulations, complied when so filed in all material respects with the 1933 Act and the 1933 Act Regulations and, if applicable,
each preliminary prospectus and the Prospectus delivered to the Underwriters for use in connection with this offering was identical to
the electronically transmitted copies thereof filed with the Commission pursuant to EDGAR, except to the extent permitted by Regulation
S-T of the Commission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">As of the Applicable Time, neither (x)&nbsp;all
Issuer General Use Free Writing Prospectuses (as defined below) issued at or prior to the Applicable Time (including, without limitation,
the Pricing Term Sheet, as hereinafter defined) and the Statutory Prospectus, considered together (collectively, the &ldquo;General Disclosure
Package&rdquo;), nor (y)&nbsp;any individual Issuer Limited Use Free Writing Prospectus, when considered together with the General Disclosure
Package, included or will include any untrue statement of a material fact or omitted or will omit to state any material fact necessary
in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">As used in this subsection and elsewhere
in this Agreement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&ldquo;Applicable Time&rdquo; means
2:20 P.M.&nbsp;(New York time) / 7:20 P.M.&nbsp;(London time) on August&nbsp;27, 2024 or such other time as agreed by the Company and
the Representatives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 8; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&ldquo;Issuer Free Writing Prospectus&rdquo;
means any &ldquo;issuer free writing prospectus,&rdquo; as defined in Rule&nbsp;433 of the 1933 Act Regulations (&ldquo;Rule&nbsp;433&rdquo;);
and includes, without limitation, any &ldquo;free writing prospectus&rdquo; (as defined in Rule&nbsp;405) relating to the Securities
or the offering thereof that (i)&nbsp;is required to be filed with the Commission by the Company, (ii)&nbsp;is a &ldquo;road show that
is a written communication&rdquo; within the meaning of Rule&nbsp;433(d)(8)(i), whether or not required to be filed with the Commission,
or (iii)&nbsp;is exempt from filing pursuant to Rule&nbsp;433(d)(5)(i)&nbsp;because it contains a description of the Securities or of
the offering that does not reflect the final terms, in each case in the form filed or required to be filed with the Commission or, if
not required to be filed, in the form retained in the Company&rsquo;s records pursuant to Rule&nbsp;433(g).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&ldquo;Issuer General Use Free Writing
Prospectus&rdquo; means any Issuer Free Writing Prospectus that is intended for general distribution to prospective investors, as evidenced
by its being specified in Schedule&nbsp;D hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&ldquo;Issuer Limited Use Free Writing
Prospectus&rdquo; means any Issuer Free Writing Prospectus that is not an Issuer General Use Free Writing Prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&ldquo;Statutory Prospectus&rdquo; means
the Base Prospectus and the preliminary prospectus dated August&nbsp;27, 2024 relating to the Securities, including the documents incorporated
and deemed to be incorporated by reference therein pursuant to Item 12 of Form&nbsp;S-3 under the 1933 Act, in the form first furnished
(electronically or otherwise) to the Underwriters for use in connection with the offering of the Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">Each Issuer Free Writing Prospectus,
as of its issue date and at all subsequent times through the completion of the public offer and sale of the Securities or until any earlier
date that the Company notified or notifies the Representatives as described in Section&nbsp;3(f), did not, does not and will not include
any information that conflicted, conflicts or will conflict with the information contained in the Registration Statement, the Statutory
Prospectus or the Prospectus, including any document incorporated by reference therein that has not been superseded or modified.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">The representations and warranties in
this subsection 1(a)(i)&nbsp;shall not apply to statements in or omissions from the Registration Statement, the Prospectus or any Issuer
Free Writing Prospectus made in reliance upon and in conformity with written information furnished to the Company by any Underwriter
through the Representatives expressly for use therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Incorporated
Documents</U>. The documents incorporated or deemed to be incorporated by reference in the Registration Statement, the General Disclosure
Package and the Prospectus, at the time they were or hereafter are filed with the Commission, complied and will comply in all material
respects with the requirements of the 1934 Act and the 1934 Act Regulations, and, when read together with the other information in the
General Disclosure Package and the Prospectus, (a)&nbsp;at the time the Registration Statement first became effective, (b)&nbsp;at the
time (if subsequent to the time that the Registration Statement first became effective) the Company&rsquo;s most recent Annual Report
on Form&nbsp;10-K was filed with the Commission, (c)&nbsp;at each &ldquo;new effective date&rdquo; with respect to the Underwriters pursuant
to Rule&nbsp;430B(f)(2)&nbsp;of the 1933 Act Regulations, (d)&nbsp;at the date hereof, and (e)&nbsp;at the Closing Time, did not and
will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in
order to make the statements therein, in the light of the circumstances under which they were made, not misleading.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 9; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Independent
Accountants</U>. The accountants who certified the financial statements and supporting schedules included in the Registration Statement,
the Statutory Prospectus and the Prospectus are independent public accountants as required by the 1933 Act and the 1933 Act Regulations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iv)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Financial
Statements</U>. The consolidated financial statements of the Company included in the Registration Statement, the General Disclosure Package
and the Prospectus, together with the related schedules and notes, present fairly the consolidated financial position of the Company
and its subsidiaries at the dates indicated and the consolidated income, stockholders&rsquo; equity and cash flows of the Company and
its subsidiaries for the periods specified; said consolidated financial statements have been prepared in conformity with generally accepted
accounting principles (&ldquo;GAAP&rdquo;) applied on a consistent basis throughout the periods involved. The supporting schedules included
in the Registration Statement present fairly in accordance with GAAP the information required to be stated therein. The historical and
pro forma selected financial data, if any, and historical and pro forma summary financial information, if any, included in the General
Disclosure Package and the Prospectus present fairly the information shown therein and have been compiled on a basis consistent with
that of the audited financial statements included in the Registration Statement and, in the case of any such pro forma data, the pro
forma financial statements included in the Registration Statement, the General Disclosure Package and the Prospectus. The pro forma financial
statements and related notes included in the Registration Statement, the General Disclosure Package and the Prospectus fairly present
in all material respects the information shown therein, have been prepared in accordance with the Commission&rsquo;s rules&nbsp;and guidelines
with respect to pro forma financial statements and have been properly compiled on the basis described therein, and the assumptions used
in the preparation thereof are reasonable and the adjustments used therein are appropriate to give effect to the transactions and circumstances
referred to therein; and any pro forma financial information included in the Registration Statement, the General Disclosure Package and
the Prospectus has been accurately and appropriately derived therefrom. All disclosures contained in the Registration Statement, the
General Disclosure Package and the Prospectus regarding &ldquo;non-GAAP financial measures&rdquo; (as such term is defined by the rules&nbsp;and
regulations of the Commission) comply with Regulation G under the 1934 Act and Item&nbsp;10 of Regulation S-K of the 1933 Act Regulations,
to the extent applicable. The interactive data in eXtensible Business Reporting Language included in any of the documents incorporated
by reference in the Registration Statement, the General Disclosure Package and the Prospectus fairly presents the information called
for in all material respects and has been prepared in accordance with the Commission&rsquo;s rules&nbsp;and guidelines applicable thereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 10; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(v)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>No
Material Adverse Change in Business</U>. Since the respective dates as of which information is given in the Registration Statement, the
General Disclosure Package and the Prospectus, except as otherwise stated therein, (A)&nbsp;there has been no material adverse change
in the condition, financial or otherwise, or in the earnings, business affairs, financial prospects or business prospects of the Company
and its subsidiaries considered as one enterprise (a &ldquo;Material Adverse Effect&rdquo;), whether or not arising in the ordinary course
of business, (B)&nbsp;there have been no transactions entered into by the Company or any of its subsidiaries, other than those in the
ordinary course of business, which are material with respect to the Company and its subsidiaries considered as one enterprise, and (C)&nbsp;except
for regular monthly distributions on the Common Stock in amounts per share that are consistent with past practice and for regularly scheduled
dividends on the Company&rsquo;s 6.000% Series&nbsp;A Cumulative Redeemable Preferred Stock, par value $0.01 per share (the &ldquo;Series&nbsp;A
Preferred Stock&rdquo;), there has been no dividend or distribution of any kind declared, paid or made by the Company on any class of
its stock.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vi)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Good
Standing of the Company</U>. The Company is a corporation duly organized and validly existing under the laws of the State of Maryland
and is in good standing with the State Department of Assessments and Taxation of Maryland and has corporate power and authority to own,
lease and operate its properties and to conduct its business as described in the General Disclosure Package and the Prospectus and to
enter into and perform its obligations under this Agreement, the Agency Agreement, the Indenture and the Securities; and the Company
is duly qualified as a foreign corporation to transact business and is in good standing in each other jurisdiction in which such qualification
is required, whether by reason of the ownership or leasing of property or the conduct of business, except where the failure so to qualify
or to be in good standing would not result in a Material Adverse Effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vii)&#8239;&#8239;&#8239;&#8239;&#8239;</FONT>&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Good
Standing of Subsidiaries</U>. Each &ldquo;significant subsidiary&rdquo; as defined in Rule&nbsp;1-02(w)&nbsp;of Regulation S-X (each,
a &ldquo;Subsidiary&rdquo; and, collectively, the &ldquo;Subsidiaries&rdquo;) of the Company has been duly organized and is validly existing
as a partnership, limited liability company, business trust or corporation, as the case may be, in good standing under the laws of the
jurisdiction of its organization and has power and authority as a partnership, limited liability company, business trust or corporation,
as the case may be, to own, lease and operate its properties and to conduct its business as described in the General Disclosure Package
and the Prospectus; each such Subsidiary is duly qualified as a foreign partnership, limited liability company, business trust or corporation,
as the case may be, to transact business and is in good standing in each other jurisdiction in which such qualification is required,
whether by reason of the ownership or leasing of property or the conduct of business, except where the failure so to qualify or to be
in good standing would not result in a Material Adverse Effect; except as otherwise disclosed in the General Disclosure Package and the
Prospectus and except as would not result in a Material Adverse Effect, all of the issued and outstanding partnership interests, limited
liability company interests, business trust interests and shares of capital stock, as the case may be, of each such Subsidiary have been
duly authorized (if applicable) and validly issued and are fully paid and are non-assessable (except to the extent that the general partners
of Subsidiaries which are partnerships may be liable for the obligations of such partnerships) and are owned by the Company, directly
or through subsidiaries, free and clear of any security interest, mortgage, pledge, lien, encumbrance, claim or equity; except as would
not result in a Material Adverse Effect, none of the outstanding partnership interests, limited liability company interests, business
trust interests or shares of capital stock, as the case may be, of such Subsidiaries were issued in violation of preemptive or other
similar rights arising by operation of law, under the partnership agreement, declaration of trust or trust agreement, limited liability
company agreement (or other similar agreement) or charter or bylaws, as the case may be, of any such Subsidiary or under any agreement
or instrument to which the Company or any such Subsidiary is a party. Other than Merger Sub, Spirit Realty, L.P., Tau Operating Partnership,
L.P., Tau Acquisition LLC, Cole REIT III Operating Partnership, LP, Rams MD Subsidiary I,&nbsp;Inc., RI Crown Limited, VEREIT Operating
Partnership, L.P., VEREIT Real Estate L.P. and Realty Income Europe B.V., as of the date of the Company&rsquo;s most recent balance sheet
included or incorporated by reference in the Registration Statement and the Prospectus, no direct or indirect subsidiary of the Company
had (on an unconsolidated basis) total assets in excess of 5% of the Company&rsquo;s consolidated assets as of that date or, for the
six months then ended, would have had (on an unconsolidated basis and calculated on a pro forma basis as if the Acquisition had occurred
as of the first day of such period) pro forma rental revenue in excess of 5% of the Company&rsquo;s pro forma consolidated rental revenue
for such period.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 11; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(viii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Capitalization</U>.
The authorized Common Stock of the Company and the issued and outstanding Common Stock of the Company is as set forth in the line item
&ldquo;Common stock and paid in capital&rdquo; and the authorized preferred stock, par value $0.01 per share, of the Company (&ldquo;Preferred
Stock&rdquo;), and the issued and outstanding Preferred Stock of the Company is as set forth in the line item &ldquo;6.000% Series&nbsp;A
cumulative redeemable preferred stock and paid in capital&rdquo;, each as set forth in the consolidated balance sheet as of June&nbsp;30,
2024 contained in the Company&rsquo;s Quarterly Report on Form&nbsp;10-Q for the quarter ended June&nbsp;30, 2024 (except for subsequent
issuances, if any, pursuant to employee benefit plans (including any exercise of equity awards pursuant thereto), the Company&rsquo;s
dividend reinvestment and stock purchase plan or the Company&rsquo;s &ldquo;at-the-market&rdquo; program, or any other subsequent issuance,
in each case, referred to in the Statutory Prospectus and the Prospectus). There are no outstanding securities convertible into or exchangeable
or exercisable for shares of Common Stock or Preferred Stock other than the Company&rsquo;s outstanding shares of Series&nbsp;A Preferred
Stock, Common Stock issuable pursuant to equity awards issued under the Company&rsquo;s employee benefit plans referred to in the Statutory
Prospectus and the Prospectus and up to 2,200,000 shares of Common Stock that may be issued upon the exchange of certain limited partnership
interests in Realty Income, L.P., a Maryland limited partnership (&ldquo;RI LP&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ix)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Authorization
of Agreement</U>. This Agreement has been duly authorized, executed and delivered by the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 12; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(x)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Authorization
of Capital Stock</U>. The shares of issued and outstanding Common Stock and Series&nbsp;A Preferred Stock have been duly authorized and
validly issued and are fully paid and non-assessable; none of the outstanding shares of Common Stock and Series&nbsp;A Preferred Stock
was issued in violation of preemptive or other similar rights (i)&nbsp;arising by operation of law, (ii)&nbsp;under the charter or bylaws
of the Company, (iii)&nbsp;under any agreement or instrument to which the Company or any of its subsidiaries is a party or otherwise
other than in the case of this clause (iii)&nbsp;with respect to violations of similar rights as would not have a Material Adverse Effect,
and the Common Stock and Series&nbsp;A Preferred Stock conform to all statements relating thereto contained or incorporated by reference
in the General Disclosure Package and the Prospectus and such statements conform to the rights set forth in the instruments defining
the same.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xi)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Absence
of Defaults and Conflicts</U>. Neither the Company nor any of its subsidiaries is in violation of its charter or bylaws, its partnership
agreement, declaration of trust or trust agreement, or its limited liability company agreement (or other similar agreement), as the case
may be, or in default in the performance or observance of any obligation, agreement, covenant or condition contained in any contract,
indenture, mortgage, deed of trust, loan or credit agreement, note, lease or other agreement or instrument to which the Company or any
of its subsidiaries is a party or by which any of them may be bound or to which any of the respective properties or assets of the Company
or any subsidiary is subject (collectively, &ldquo;Agreements and Instruments&rdquo;), except for such defaults that would not have a
Material Adverse Effect; and the execution, delivery and performance of this Agreement, the Agency Agreement, the Indenture and the Securities
and the consummation of the transactions contemplated herein and therein (including the issuance and sale of the Securities and the use
of the proceeds from the sale of the Securities as described in the Statutory Prospectus and the Prospectus under the caption &ldquo;Use
of Proceeds&rdquo;) and compliance by the Company with its obligations hereunder and thereunder have been duly authorized by all necessary
corporate action and do not and will not, whether with or without the giving of notice or passage of time or both, conflict with or constitute
a breach of, or default or Repayment Event (as defined below) under, or result in the creation or imposition of any lien, charge or encumbrance
upon any property or assets of the Company or any subsidiary pursuant to, any agreement or instrument, except for such conflicts, breaches
or defaults or liens, charges or encumbrances that, individually or in the aggregate, would not have a Material Adverse Effect, nor will
such action result in any violation of the provisions of the charter or bylaws of the Company or any applicable law, rule, regulation,
or governmental or court judgment, order, writ or decree. Neither the Company nor any of its subsidiaries is subject to any governmental
or court judgment, order, writ or decree that is material with respect to the Company and its subsidiaries considered as one enterprise.
As used herein, a &ldquo;Repayment Event&rdquo; means any event or condition which gives the holder of any note, debenture or other evidence
of indebtedness (or any person acting on such holder&rsquo;s behalf) the right to require the repurchase, redemption or repayment of
all or a portion of such indebtedness by the Company or any subsidiary of the Company or any of its subsidiaries.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Absence
of Labor Dispute</U>. No labor dispute with the employees of the Company or any subsidiary of the Company exists or, to the knowledge
of the Company, is imminent; and the Company is not aware of any existing or imminent labor disturbance by the employees of any of its
or any subsidiary&rsquo;s tenants, which, in either case, could reasonably be expected, individually or in the aggregate, to result in
a Material Adverse Effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 13; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xiii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Absence
of Proceedings</U>. The Company has not received any notice of any action, suit, proceeding, inquiry or investigation before or by any
court or governmental agency or body, domestic or foreign, and there is no such proceeding now pending or, to the knowledge of the Company,
threatened, against or affecting the Company or any of its subsidiaries, which is required to be disclosed in the Registration Statement,
the Statutory Prospectus or the Prospectus (other than as disclosed therein), or which could reasonably be expected to result in a Material
Adverse Effect, or which could reasonably be expected to materially and adversely affect the consummation of this Agreement or the performance
by the Company of its obligations under this Agreement, the Agency Agreement, the Indenture or the Securities; and the aggregate of all
pending legal or governmental proceedings to which the Company or any subsidiary is a party or of which any of their respective property
or assets is the subject which are not described in the Registration Statement, the Statutory Prospectus or the Prospectus, including
ordinary routine litigation incidental to the business, could not reasonably be expected to result in a Material Adverse Effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xiv)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Accuracy
of Exhibits</U>. There are no contracts or documents which are required to be described in the Registration Statement, the Statutory
Prospectus or the Prospectus or the documents incorporated by reference therein or to be filed as exhibits thereto which have not been
so described and/or filed as required.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xv)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Possession
of Intellectual Property</U>. The Company and its subsidiaries own or possess, or can acquire on reasonable terms, adequate patents,
patent rights, licenses, inventions, copyrights, know-how (including trade secrets and other unpatented and/or unpatentable proprietary
or confidential information, systems or procedures), trademarks, service marks, trade names or other intellectual property (collectively,
&ldquo;Intellectual Property&rdquo;) necessary to carry on the business now operated by them, and neither the Company nor any of its
subsidiaries has received any notice or is otherwise aware of any infringement of or conflict with asserted rights of others with respect
to any Intellectual Property or of any facts or circumstances which would render any Intellectual Property invalid or inadequate to protect
the interest of the Company or any of its subsidiaries therein, and which infringement or conflict (if the subject of any unfavorable
decision, ruling or finding) or invalidity or inadequacy, singly or in the aggregate, would result in a Material Adverse Effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xvi)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Absence
of Further Requirements</U>. No filing with, or authorization, approval, consent, license, order, registration, qualification or decree
of, any court or governmental authority or agency is necessary or required for the performance by the Company of its obligations under
this Agreement, the Agency Agreement, the Indenture or the Securities, in connection with the offering, issuance or sale of the Securities
hereunder or the consummation of the other transactions contemplated by this Agreement, the Agency Agreement, the Indenture or the Securities,
except such as have been already made or obtained under the 1933 Act, the 1933 Act Regulations, the 1939 Act or the 1939 Act Regulations
or as may be required under state securities laws.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 14; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xvii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Possession
of Licenses and Permits</U>. The Company and its subsidiaries possess such permits, licenses, approvals, consents and other authorizations
(collectively, &ldquo;Governmental Licenses&rdquo;) issued by the appropriate federal, state, local or foreign regulatory agencies or
bodies necessary to conduct the business now operated by them and the Company and its subsidiaries are in compliance with the terms and
conditions of all such Governmental Licenses, except where the failure so to possess or comply would not, singly or in the aggregate,
have a Material Adverse Effect; all of the Governmental Licenses are valid and in full force and effect, except where the invalidity
of such Governmental Licenses or the failure of such Governmental Licenses to be in full force and effect would not, singly or in the
aggregate, have a Material Adverse Effect; and neither the Company nor any of its subsidiaries has received any notice of proceedings
relating to the revocation or modification of any such Governmental Licenses which, singly or in the aggregate, if the subject of an
unfavorable decision, ruling or finding, would result in a Material Adverse Effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xviii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Investment
Company Act</U>. The Company is not, and upon the issuance and sale of the Securities as herein contemplated and the application of the
net proceeds therefrom as described in the Statutory Prospectus and the Prospectus under &ldquo;Use of Proceeds&rdquo; will not be, an
&ldquo;investment company&rdquo; as such term is defined in the Investment Company Act of 1940, as amended (the &ldquo;1940 Act&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xix)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Partnership
Agreements</U>. Each of the material partnership agreements, declarations of trust or trust agreements, limited liability company agreements
(or other similar agreements) and, if applicable, joint venture agreements to which the Company or any of its subsidiaries is a party
has been duly authorized, executed and delivered by the Company or the relevant subsidiary, as the case may be, and constitutes the valid
and binding agreement of the Company or such subsidiary, as the case may be, enforceable in accordance with its terms, except as the
enforcement thereof may be limited by (A)&nbsp;the effect of bankruptcy, insolvency or other similar laws now or hereafter in effect
relating to or affecting creditors&rsquo; rights generally or (B)&nbsp;the effect of general principles of equity, and the execution,
delivery and performance of such agreements did not, at the time of execution and delivery, and does not constitute a breach of or default
under the charter or bylaws, partnership agreement, declaration of trust or trust agreement, or limited liability company agreement (or
other similar agreement), as the case may be, of the Company or any of its subsidiaries or any of the Agreements and Instruments or any
law, administrative regulation or administrative or court order or decree.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 15; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xx)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Properties</U>.
Except as otherwise disclosed in the General Disclosure Package and the Prospectus: (i)&nbsp;the Company and its subsidiaries have good
and marketable title (either in fee simple or pursuant to a valid leasehold interest) to all properties and assets described in the Statutory
Prospectus and the Prospectus as being owned or leased, as the case may be, by them and to all properties reflected in the Company&rsquo;s
most recent consolidated financial statements included in the Statutory Prospectus and the Prospectus, and neither the Company nor any
of its subsidiaries has received notice of any claim that has been or may be asserted by anyone adverse to the rights of the Company
or any subsidiary with respect to any such properties or assets (or any such lease) or affecting or questioning the rights of the Company
or any such subsidiary to the continued ownership, lease, possession or occupancy of such property or assets, except for such claims
that would not, singly or in the aggregate, have a Material Adverse Effect; (ii)&nbsp;all liens, charges, encumbrances, claims or restrictions
on or affecting the properties and assets of the Company or any of its subsidiaries which are required to be disclosed in the Registration
Statement, the Statutory Prospectus or the Prospectus are disclosed therein, and all such liens, charges, encumbrances, claims or restrictions
which are not disclosed in the Statutory Prospectus and the Prospectus could not reasonably be expected, singly or in the aggregate,
to have a Material Adverse Effect; (iii)&nbsp;no person or entity, including, without limitation, any tenant under any of the leases
pursuant to which the Company or any of its subsidiaries leases (as lessor) any of its properties (whether directly or indirectly through
other partnerships, limited liability companies, business trusts, joint ventures or otherwise) has an option or right of first refusal
or any other right to purchase any of such properties, except for such options, rights of first refusal or other rights to purchase that
would not, individually or in the aggregate, have a Material Adverse Effect; (iv)&nbsp;each of the properties of the Company or any of
its subsidiaries has access to public rights of way, either directly or through insured easements, except where the failure to have such
access would not, singly or in the aggregate, have a Material Adverse Effect; (v)&nbsp;each of the properties of the Company or any of
its subsidiaries is served by all public utilities necessary for the current operations on such property in sufficient quantities for
such operations, except where the failure to have such public utilities would not, singly or in the aggregate, have a Material Adverse
Effect; (vi)&nbsp;each of the properties of the Company or any of its subsidiaries complies with all applicable codes and zoning and
subdivision laws and regulations, except for such failures to comply which would not, either individually or in the aggregate, have a
Material Adverse Effect; (vii)&nbsp;all of the leases under which the Company or any of its subsidiaries holds or uses any real property
or improvements or any equipment relating to such real property or improvements are in full force and effect, except where the failure
to be in full force and effect would not, singly or in the aggregate, have a Material Adverse Effect, and neither the Company nor any
of its subsidiaries is in default in the payment of any amounts due under any such leases or in any other default thereunder and the
Company knows of no event which, with the passage of time or the giving of notice or both, would constitute a default by the Company
or any of its subsidiaries under any such lease, except such defaults that would not, individually or in the aggregate, have a Material
Adverse Effect; (viii)&nbsp;there is no pending or, to the knowledge of the Company, threatened condemnation, zoning change, or other
proceeding or action that could in any manner affect the size of, use of, improvements on, construction on or access to the properties
of the Company or any of its subsidiaries, except such proceedings or actions that, either singly or in the aggregate, would not have
a Material Adverse Effect; and (ix)&nbsp;neither the Company nor any of its subsidiaries nor any lessee of any of the real property or
improvements of the Company or any of its subsidiaries is in default in the payment of any amounts due or in any other default under
any of the leases pursuant to which the Company or any of its subsidiaries leases (as lessor) any of its real property or improvements
(whether directly or indirectly through partnerships, limited liability companies, joint ventures or otherwise), and the Company knows
of no event which, with the passage of time or the giving of notice or both, would constitute such a default under any of such leases,
except such defaults as would not, individually or in the aggregate, have a Material Adverse Effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 16; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxi)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Insurance</U>.
With such exceptions as would not, individually or in the aggregate, have a Material Adverse Effect, (i)&nbsp;the Company and its subsidiaries
have title insurance on all real property and improvements described in the General Disclosure Package and the Prospectus as being owned
or leased under a ground lease, as the case may be, by them and to all real property and improvements reflected in the Company&rsquo;s
most recent consolidated financial statements included in the General Disclosure Package and the Prospectus in an amount at least equal
to the original cost of acquisition and the Company and its subsidiaries are entitled to all benefits of the insured thereunder, (ii)&nbsp;each
such property is insured by extended coverage hazard and casualty insurance in amounts and on such terms as are customarily carried by
lessors of properties similar to those owned by the Company and its subsidiaries (in the markets in which the Company&rsquo;s and subsidiaries&rsquo;
respective properties are located), and (iii)&nbsp;the Company and its subsidiaries carry comprehensive general liability insurance and
such other insurance as is customarily carried by lessors of properties similar to those owned by the Company and its subsidiaries in
amounts and on such terms as are customarily carried by lessors of properties similar to those owned by the Company and its subsidiaries
(in the markets in which the Company&rsquo;s and its subsidiaries&rsquo; respective properties are located) and the Company or one of
its subsidiaries is named as an additional insured on all policies required under the leases for such properties.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 17; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Environmental
Matters</U>. Except as otherwise disclosed in the General Disclosure Package and the Prospectus: (i)&nbsp;all real property and improvements
owned or leased by the Company or any of its subsidiaries, including, without limitation, the Environment (as defined below) associated
with such real property and improvements, is free of any Contaminant (as defined below), except such Contaminants which, individually
or in the aggregate, would not have a Material Adverse Effect; (ii)&nbsp;neither the Company, nor any of its subsidiaries has caused
or suffered to exist or occur any Release (as defined below) of any Contaminant into the Environment or any other condition that, individually
or in the aggregate, could reasonably be expected to have a Material Adverse Effect or could result in any violation of any Environmental
Laws (as defined below)&nbsp;or constitute a health, safety or environmental hazard to any person or property except for such violations
or hazards that could not reasonably be expected to have a Material Adverse Effect; (iii)&nbsp;neither the Company nor any of its subsidiaries
is aware of any notice from any governmental body claiming any violation of any Environmental Laws or requiring or calling attention
to the need for any work, repairs, construction, alterations, removal or remedial action or installation on or in connection with such
real property or improvements, whether in connection with the presence of asbestos-containing materials in such properties or otherwise,
except for such violations, work, repairs, construction, alterations, removal or remedial actions or installations as would not, individually
or in the aggregate, have a Material Adverse Effect; (iv)&nbsp;any such work, repairs, construction, alterations, removal or remedial
action or installation, if required, would not result in the incurrence of liabilities, which, individually or in the aggregate, would
have a Material Adverse Effect; (v)&nbsp;neither the Company nor any of its subsidiaries has caused or suffered to exist or occur any
condition on any of the properties or improvements of the Company or any of its subsidiaries that could give rise to the imposition of
any Lien (as defined below) under any Environmental Laws, except such Liens which, individually or in the aggregate, would not have a
Material Adverse Effect; and (vi)&nbsp;no real property or improvements owned or leased by the Company or any of its subsidiaries is
being used or has been used for manufacturing or for any other operations that involve or involved the use, handling, transportation,
storage, treatment or disposal of any Contaminant, where such operations require or required permits or are or were otherwise regulated
pursuant to the Environmental Laws and where such permits have not been or were not obtained or such regulations are not being or were
not complied with, except in all instances where any failure to obtain a permit or comply with any regulation could not reasonably be
expected, singly or in the aggregate, to have a Material Adverse Effect. &ldquo;Contaminant&rdquo; means any pollutant, hazardous substance,
toxic substance, hazardous waste, special waste, petroleum or petroleum-derived substance or waste, asbestos or asbestos-containing materials,
PCBs, lead, pesticides or radioactive materials or any constituent of any such substance or waste, including any such substance identified
or regulated under any Environmental Law. &ldquo;Environmental Laws&rdquo; means the Comprehensive Environmental Response, Compensation
and Liability Act, 42 U.S.C. 9601 <I>et&nbsp;seq</I>., the Resource Conservation and Recovery Act, 42 U.S.C. 6901, <I>et&nbsp;seq</I>.,
the Clean Air Act, 42 U.S.C. 7401, <I>et&nbsp;seq</I>., the Clean Water Act, 33 U.S.C. 1251, <I>et&nbsp;seq</I>., the Toxic Substances
Control Act, 15 U.S.C. 2601, <I>et&nbsp;seq</I>., the Occupational Safety and Health Act, 29 U.S.C. 651, <I>et&nbsp;seq</I>., and all
other federal, state and local laws, ordinances, regulations, rules, orders, decisions, permits, and the like, which are directed at
the protection of human health or the Environment. &ldquo;Lien&rdquo; means, with respect to any asset, any mortgage, deed of trust,
lien, pledge, encumbrance, charge or security interest in or on such asset. &ldquo;Environment&rdquo; means any surface water, drinking
water, ground water, land surface, subsurface strata, river sediment, buildings, structures, and ambient, workplace and indoor air. &ldquo;Release&rdquo;
means any spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, dumping, emanating or
disposing of any Contaminant into the Environment, including, without limitation, the abandonment or discard of barrels, containers,
tanks or other receptacles containing or previously containing any Contaminant or any release, emission or discharge as those terms are
defined or used in any Environmental Law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxiii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Qualification
as a Real Estate Investment Trust</U>. The Company was and is organized in conformity with the requirements for qualification and taxation
as a &ldquo;real estate investment trust&rdquo; (a &ldquo;REIT&rdquo;) under the Internal Revenue Code of 1986, as amended (the &ldquo;Code&rdquo;);
the Company at all times has met and continues to meet all the requirements of the Code for qualification and taxation as a REIT; the
Company&rsquo;s method of operation will enable it to meet the requirements for qualification and taxation as a REIT under the Code;
and the Company is qualified as a REIT under the Code and will be so qualified for the taxable year in which sales of the Securities
occur.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 18; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxiv)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Registration
Rights</U>. There are no persons with registration or other similar rights to have any securities registered pursuant to the Registration
Statement or included in the offering contemplated hereby. There are no persons with registration or other similar rights to have any
securities registered by the Company under the 1933 Act, other than registration rights granted pursuant to various registration rights
agreements by and among the Company and each of the persons and entities made a party thereto covering up to 2,200,000 shares of Common
Stock that may be issued in exchange of certain limited partnership interests in RI LP.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxv)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Indenture</U>.
The Indenture has been duly authorized, executed and delivered by the Company and constitutes a valid and binding agreement of the Company,
enforceable against the Company in accordance with its terms, except as the enforcement thereof may be limited by bankruptcy, insolvency,
reorganization, moratorium or other similar laws relating to or affecting creditors&rsquo; rights generally or by general equitable principles;
and the Indenture has been qualified under the 1939 Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxvi)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Securities</U>.
The Securities have been duly authorized by the Company and, at the Closing Time, will have been duly executed by the Company and, when
authenticated in the manner provided for in the Indenture and delivered against payment of the purchase price therefor specified in this
Agreement, (A)&nbsp;will constitute valid and binding obligations of the Company, enforceable against the Company in accordance with
their terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar
laws relating to or affecting creditors&rsquo; rights generally or by general equitable principles, and (B)&nbsp;will be in the form
contemplated by, and entitled to the benefits of, the Indenture.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxvii)</FONT>&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Description
of Indenture, Agency Agreement and Securities</U>. The Indenture conforms and each of the Agency Agreement and the Securities will conform
in all material respects to the respective statements relating thereto contained in the General Disclosure Package and the Prospectus
and the Indenture is in the form, and the Securities will be in substantially the form, filed or incorporated by reference, as the case
may be, as exhibits to the Registration Statement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxviii)</FONT>&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Ranking
of Securities</U>. The Securities will rank on a parity with all unsecured indebtedness of the Company (other than subordinated indebtedness
of the Company) that is outstanding on the date hereof or that may be incurred hereafter, and senior to all subordinated indebtedness
of the Company that is outstanding on the date hereof or that may be incurred hereafter.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxix)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Trustee
and Paying Agent</U>. The Trustee has been duly appointed by the Company to serve as, and is, the trustee, security registrar, a transfer
agent and a paying agent for the Securities under the Indenture, and the Trustee has duly accepted such appointment under the Indenture
and has assumed all rights, powers and obligations of the Original Trustee under the Indenture upon the terms and conditions set forth
therein. At the Closing Time, the Agent will have been duly appointed by the Company to serve as, and will be, a paying agent for the
Securities under the Indenture, and the Agent will have duly accepted such appointment under the Agency Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 19; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxx)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Pending
Proceedings and Examinations</U>. The Registration Statement is not the subject of a pending proceeding or examination under Section&nbsp;8(d)&nbsp;or
8(e)&nbsp;of the 1933 Act, and the Company is not the subject of a pending proceeding under Section&nbsp;8A of the 1933 Act in connection
with the offering of the Securities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxxi)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>No
Unlawful Payments.</U> Neither the Company nor any of its subsidiaries nor any director, officer, or employee of the Company or any of
its subsidiaries nor, to the knowledge of the Company, any agent, affiliate or other person associated with or acting on behalf of the
Company or any of its subsidiaries has (i)&nbsp;used any funds for any unlawful contribution, gift, entertainment or other unlawful expense
relating to political activity; (ii)&nbsp;made or taken an act in furtherance of an offer, promise or authorization of any direct or
indirect unlawful payment or benefit to any foreign or domestic government or regulatory official or employee, including of any government-owned
or controlled entity or of a public international organization, or any person acting in an official capacity for or on behalf of any
of the foregoing, or any political party or party official or candidate for political office; (iii)&nbsp;violated or is in violation
of any provision of the Foreign Corrupt Practices Act of 1977, as amended, or any applicable law or regulation implementing the OECD
Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, or committed an offense under the
Bribery Act 2010, as amended, of the United Kingdom, the Criminal Finances Act 2017, as amended, of the United Kingdom or any other applicable
anti-bribery or anti-corruption laws; or (iv)&nbsp;made, offered, agreed, requested or taken an act in furtherance of any unlawful bribe
or other unlawful benefit, including, without limitation, any rebate, payoff, influence payment, kickback or other unlawful or improper
payment or benefit. The Company and its subsidiaries have instituted, maintain and enforce, and will continue to maintain and enforce,
policies and procedures designed to promote and ensure compliance with all applicable anti-bribery and anti-corruption laws.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxxii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Compliance
with Money Laundering Laws.</U> The operations of the Company and its subsidiaries are and have been conducted at all times in compliance
with applicable financial recordkeeping and reporting requirements, including those of the Currency and Foreign Transactions Reporting
Act of 1970, as amended, the applicable money laundering statutes of all jurisdictions where the Company or any of its subsidiaries conducts
business, the rules&nbsp;and regulations thereunder and any related or similar rules, regulations or guidelines issued, administered
or enforced by any governmental or regulatory agency (collectively, the &ldquo;Anti-Money Laundering Laws&rdquo;) and no action, suit
or proceeding by or before any court or governmental or regulatory agency, authority or body or any arbitrator involving the Company
or any of its subsidiaries with respect to the Anti-Money Laundering Laws is pending or, to the knowledge of the Company, threatened.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 20; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxxiii)</FONT>&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>No
Conflicts with Sanctions Laws.</U> Neither the Company nor any of its subsidiaries, directors, officers or employees, nor, to the knowledge
of the Company, any agent, or affiliate or other person associated with or acting on behalf of the Company or any of its subsidiaries
is currently the subject or the target of any sanctions administered or enforced by the U.S. government, (including without limitation,
the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State and including, without limitation,
the designation as a &ldquo;specially designated national&rdquo; or &ldquo;blocked person&rdquo;), the United Nations Security Council,
the European Union, the United Kingdom (including His Majesty&rsquo;s Treasury), or other relevant sanctions authority (collectively,
&ldquo;Sanctions&rdquo;), nor is the Company, any of its subsidiaries located, organized or resident in a country or territory that is
the subject or the target of Sanctions, including, without limitation, Cuba,&nbsp;Iran, North Korea, Syria, the Crimea region of Ukraine,
the so-called Donetsk People&rsquo;s Republic, the so-called Luhansk People&rsquo;s Republic, the non-government controlled areas of
the Zaporizhzhia and Kherson regions of Ukraine and any other Covered Region of Ukraine identified pursuant to Executive Order 14065
(each, a &ldquo;Sanctioned Country&rdquo;); and the Company will not directly or indirectly use the proceeds of the offering of the Securities
hereunder, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or
entity (i)&nbsp;to fund or facilitate any activities of or business with any person that, at the time of such funding or facilitation,
is the subject or the target of Sanctions, (ii)&nbsp;to fund or facilitate any activities of or business in any Sanctioned Country or
(iii)&nbsp;in any other manner that will result in a violation by any person (including any person participating in the transaction,
whether as underwriter, advisor, investor or otherwise) of Sanctions. Since April&nbsp;24, 2019, the Company and its subsidiaries have
not knowingly engaged in, are not now knowingly engaged in, and will not engage in, any dealings or transactions with any person that
at the time of the dealing or transaction is or was the subject or the target of Sanctions or with any Sanctioned Country, Burma (Myanmar)
or Sudan. No provision of this subsection 1(a)(xxxiii)&nbsp;shall apply to a person if and to the extent that it is or would be unenforceable
by or in respect of that person by reason of breach of any provision of (i)&nbsp;European Union Council Regulation (EC) 2271/96, as amended
(or any law or regulation implementing such Regulation in any member state of the European Union) or (ii)&nbsp;European Union Council
Regulation (EC) 2271/96 as it forms part of domestic law in the United Kingdom.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxxiv)</FONT>&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Sarbanes-Oxley</U>.
The Company has established and maintains and evaluates &ldquo;disclosure controls and procedures&rdquo; (as such term is defined in
Rule&nbsp;13a-15 and 15d-15 under the 1934 Act) and &ldquo;internal control over financial reporting&rdquo; (as such term is defined
in Rule&nbsp;13a-15 and 15d-15 under the 1934 Act); such disclosure controls and procedures are designed to ensure that material information
relating to the Company, including its consolidated subsidiaries, is made known to the Company&rsquo;s chief executive officer and its
chief financial officer or principal financial officer, as applicable, by others within those entities, such disclosure controls and
procedures are effective to perform the functions for which they were established, and such disclosure controls and procedures are designed
to provide reasonable assurance that the interactive data in eXtensible Business Reporting Language incorporated by reference in the
Registration Statement, the General Disclosure Package and the Prospectus fairly presents the information called for in all material
respects and is prepared in accordance with the Commission&rsquo;s rules&nbsp;and guidelines applicable thereto; the Company&rsquo;s
independent auditors and the audit committee of the board of directors of the Company have been advised of (i)&nbsp;all significant deficiencies,
if any, in the design or operation of internal controls which could adversely affect the Company&rsquo;s ability to record, process,
summarize and report financial data; and (ii)&nbsp;all fraud, if any, whether or not material, that involves management or other employees
who have a role in the Company&rsquo;s internal controls; all material weaknesses, if any, in internal controls have been identified
to the Company&rsquo;s independent auditors; since the date of the most recent evaluation of such disclosure controls and procedures
and internal controls, there have been no significant changes in internal controls or in other factors that could significantly affect
internal controls, including any corrective actions with regard to significant deficiencies and material weaknesses; the principal executive
officer (or equivalent) and principal financial officer (or equivalent) of the Company have made all certifications required by the Sarbanes-Oxley
Act of 2002 (the &ldquo;Sarbanes-Oxley Act&rdquo;) and any related rules&nbsp;and regulations promulgated by the Commission, and the
statements contained in each such certification are complete and correct; and the Company, its subsidiaries and the Company&rsquo;s directors
and officers are each in compliance in all material respects with all applicable effective provisions of the Sarbanes-Oxley Act and the
rules&nbsp;and regulations of the Commission and the New York Stock Exchange promulgated thereunder.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 21; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxxv)</FONT>&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Cybersecurity</U>.
With such exceptions as would not, individually or in the aggregate, have a Material Adverse Effect: (A)&nbsp;there has been no security
breach or incident, unauthorized access or disclosure, or other compromise of or relating to the Company or its subsidiaries information
technology and computer systems, networks, hardware, software, data and databases (including the data and information of their respective
customers, employees, suppliers, vendors and any third party data maintained, processed or stored by the Company and its subsidiaries,
and any such data processed or stored by third parties on behalf of the Company and its subsidiaries), equipment or technology (collectively,
&ldquo;IT Systems and Data&rdquo;); (B)&nbsp;neither the Company nor its subsidiaries has been notified of, and has no knowledge of any
event or condition that would result in, any security breach or incident, unauthorized access or disclosure or other compromise to their
IT Systems and Data; and (C)&nbsp;the Company and its subsidiaries have implemented appropriate controls, policies, procedures, and technological
safeguards to maintain, monitor and protect the integrity, continuous operation, redundancy and security of their IT Systems and Data
reasonably consistent with industry standards and practices, or as required by applicable regulatory standards. The Company and its subsidiaries
are presently in material compliance with all applicable laws or statutes and all judgments, orders, rules&nbsp;and regulations of any
court or arbitrator or governmental or regulatory authority, internal policies and contractual obligations relating to the privacy and
security of IT Systems and Data and to the protection of such IT Systems and Data from unauthorized use, access, misappropriation or
modification.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxxvi)</FONT>&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>The
Agency Agreement</U>. The Agency Agreement has been duly authorized by the Company and, at the Closing Time, the Agency Agreement will
have been duly executed and delivered by the Company and will constitute a valid and binding agreement of the Company, enforceable against
the Company in accordance with its terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization,
moratorium or other similar laws relating to or affecting creditors&rsquo; rights generally or by general equitable principles.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 22; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxxvii)</FONT>&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Financial
Statements of Acquired Company</U>. To the knowledge of the Company, the consolidated financial statements of the Acquired Company included
in the Registration Statement, the General Disclosure Package and the Prospectus, together with the related schedules and notes, present
fairly the consolidated financial position of the Acquired Company and its subsidiaries at the dates indicated and the consolidated income,
stockholders&rsquo; equity and cash flows of the Acquired Company and its subsidiaries for the periods specified; except as may otherwise
be stated in the Registration Statement, the General Disclosure Package and the Prospectus, said consolidated financial statements have
been prepared in conformity with GAAP applied on a consistent basis throughout the periods involved, except where any such failure to
conform or be consistent would not, singly or in the aggregate, reasonably be expected to have a material adverse effect on the condition,
financial or otherwise, or the earnings, business affairs or business prospects of the Company and the Acquired Company, considered as
one enterprise.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xxxviii)</FONT>&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Statistical
and Other Data</U>. All (A)&nbsp;statistical and market-related data and (B)&nbsp;data (including financial information), in each case,
with respect to the Acquired Company or any of its subsidiaries included in the Registration Statement, the General Disclosure Package
or the Prospectus are based on or derived from sources that the Company reasonably believes to be accurate in all material respects or
represent the Company&rsquo;s good faith estimates that are made on the basis of data derived from sources the Company reasonably believes
to be reliable and accurate in all material respects.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Officer</I>&rsquo;<I>s
Certificates</I>. Any certificate signed by any officer of the Company and delivered to the Representatives or to counsel for the Underwriters
shall be deemed a representation and warranty by the Company to each Underwriter as to the matters covered thereby.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;2. <U>Sale and Delivery to the Underwriters;
Closing</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Securities</I>.
On the basis of the representations and warranties herein contained and subject to the terms and conditions herein set forth, the Company
agrees to sell to each Underwriter, severally and not jointly, and each Underwriter, severally and not jointly, agrees to purchase from
the Company, at the respective prices set forth in Schedule&nbsp;B, the respective aggregate principal amounts of the 2029 Notes and
the 2041 Notes set forth in Schedule&nbsp;A opposite the name of such Underwriter, plus any additional principal amount of Securities
which such Underwriter may become obligated to purchase pursuant to the provisions of Section&nbsp;10 hereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Payment</I>.
Payment of the purchase price for the Securities shall be made at the office of Latham&nbsp;&amp; Watkins&nbsp;LLP, 99 Bishopsgate, London
EC2M 3XF, United Kingdom, or at such other place as shall be agreed upon by the Representatives and the Company, at 8:00&nbsp;A.M.&nbsp;(London
time) on September&nbsp;4, 2024 (unless postponed in accordance with the provisions of Section&nbsp;10) or such other time not later
than ten business days after such date as shall be agreed upon by the Representatives and the Company (such time and date of payment
and delivery being herein called &ldquo;Closing Time&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 23; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->20<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Barclays or such other Representative as the Company
may direct to settle the Securities (the &ldquo;Settlement Bank&rdquo;) acknowledges that one or more certificates in global form representing
the Securities (collectively, the &ldquo;Global Securities&rdquo;) will initially be credited to an account (the &ldquo;Commissionaire
Account&rdquo;) for the benefit of the Settlement Bank the terms of which include a third-party beneficiary clause (<I>&lsquo;stipulation
pour autrui&rsquo;</I>) with the Company as the third-party beneficiary and provide that such Securities are to be delivered to others
only against payment of the net subscription monies for the Securities (<I>i.e.</I>, less the commissions and expenses to be deducted
from the subscription monies) into the Commissionaire Account on a delivery against payment basis.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Settlement Bank acknowledges that (i)&nbsp;the
Securities represented by the Global Securities shall be held to the order of the Company as set out above and (ii)&nbsp;the net subscription
monies for the Securities received in the Commissionaire Account (<I>i.e.</I>, less the commissions and expenses deducted from the subscription
monies) will be held on behalf of the Company until such time as they are transferred to the Company&rsquo;s order. The Settlement Bank
undertakes that the net subscription monies for the Securities (<I>i.e.</I>, less the commissions and expenses deducted from the subscription
monies) will be transferred to the Company&rsquo;s order promptly following receipt of such monies in the Commissionaire Account.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company acknowledges and accepts the benefit
of the third-party beneficiary clause (<I>&lsquo;stipulation pour autrui&rsquo;</I>) pursuant to the Belgian and/or Luxembourg Civil
Code, as applicable, in respect of the Commissionaire Account.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Denominations;
Registration</I>. Certificates for the Global Securities shall be in the denominations of &pound;100,000 and integral multiples of &pound;1,000
in excess thereof and shall be registered in such names as the Representatives may request in writing at least one full business day
before the Closing Time. The certificates for the Global Securities will be made available for examination by the Representatives in
London not later than 2:00&nbsp;P.M.&nbsp;(London time) on the business day prior to the Closing Time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;3. <U>Covenants of the Company</U>.
The Company covenants with each Underwriter as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Compliance
with Securities Regulations and Commission Requests</I>. The Company, subject to Section&nbsp;3(b), will comply with the requirements
of Rule&nbsp;430B and will notify the Representatives immediately, and confirm the notice in writing, (i)&nbsp;when any post-effective
amendment to the Registration Statement or new registration statement relating to the Securities shall become effective, or any supplement
to the Prospectus or any amended Prospectus or any Issuer Free Writing Prospectus shall have been filed, (ii)&nbsp;of the receipt of
any comments from the Commission, (iii)&nbsp;of any request by the Commission for any amendment to the Registration Statement or the
filing of a new registration statement or any amendment or supplement to the Prospectus or any document incorporated or deemed to be
incorporated by reference or otherwise deemed to be a part of or included in any of the foregoing (including, without limitation, pursuant
to Rule&nbsp;430B) or for additional information, (iv)&nbsp;of the issuance by the Commission of any stop order suspending the effectiveness
of the Registration Statement or such new registration statement or of any order preventing or suspending the use of any preliminary
prospectus, or of the suspension of the qualification of the Securities for offering or sale in any jurisdiction, or of the initiation
or threatening of any proceedings for any of such purposes or of any examination pursuant to Section&nbsp;8(d)&nbsp;or Section&nbsp;8(e)&nbsp;of
the 1933 Act concerning the Registration Statement or any such new registration statement, or (v)&nbsp;if the Company becomes the subject
of a proceeding under Section&nbsp;8A of the 1933 Act in connection with the offering of the Securities. The Company will effect the
filings required under Rule&nbsp;424(b), in the manner and within the time period required by Rule&nbsp;424(b)&nbsp;(without reliance
on Rule&nbsp;424(b)(8)), and, if applicable, will take such steps as it deems necessary to ascertain promptly whether the form of prospectus
supplement or prospectus transmitted for filing under Rule&nbsp;424(b)&nbsp;was received for filing by the Commission and, in the event
that it was not, it will promptly file such prospectus supplement or prospectus, as the case may be. The Company will make every reasonable
effort to prevent the issuance of any stop order and, if any stop order is issued, to obtain the lifting thereof at the earliest possible
moment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 24; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->21<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Filing
of Amendments</I>. The Company will give the Representatives notice of its intention to file or prepare any amendment to the Registration
Statement or new registration statement relating to the Securities or any amendment, supplement or revision to either any preliminary
prospectus (including any prospectus included in the Registration Statement or amendment thereto at the time it became effective) or
to the Prospectus, whether pursuant to the 1933 Act, the 1934 Act or otherwise, will furnish the Representatives with copies of any such
documents a reasonable amount of time prior to such proposed filing or use, as the case may be, and will not file or use any such document
to which the Representatives or counsel for the Underwriters shall object. The Company has given the Representatives notice of any filings
made pursuant to the 1934 Act or 1934 Act Regulations within 48 hours prior to the Applicable Time; the Company will give the Representatives
notice of its intention to make any such filing from the Applicable Time through the Closing Time and will furnish the Representatives
with copies of any such documents a reasonable amount of time prior to such proposed filing and will not file or use any such document
to which the Representatives or counsel for the Underwriters shall object.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Issuer
Free Writing Prospectuses</I>. The Company represents and agrees that, unless it obtains the prior consent of the Representatives, and
each Underwriter, severally and not jointly, represents and agrees that, unless it obtains the prior consent of the Company and the Representatives,
it has not made and will not make any offer relating to the Securities that would constitute an &ldquo;issuer free writing prospectus,&rdquo;
as defined in Rule&nbsp;433, or that would otherwise constitute a &ldquo;free writing prospectus,&rdquo; as defined in Rule&nbsp;405,
required to be filed with the Commission, except that the Underwriters may use a free writing prospectus containing the information contained
in the Pricing Term Sheet. Any such free writing prospectus consented to by the Company and the Representatives is hereinafter referred
to as a &ldquo;Permitted Free Writing Prospectus&rdquo; and, for purposes of clarity, the parties hereby agree that each Issuer General
Use Free Writing Prospectus listed on Schedule&nbsp;D hereto (if any) is a Permitted Free Writing Prospectus. The Company represents
that it has treated or agrees that it will treat each Permitted Free Writing Prospectus as an &ldquo;issuer free writing prospectus,&rdquo;
as defined in Rule&nbsp;433, and has complied and will comply with the requirements of Rule&nbsp;433 applicable to any Permitted Free
Writing Prospectus, including timely filing with the Commission where required, legending and record keeping.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 25; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->22<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Delivery
of Registration Statement</I>. The Company has furnished or will deliver to the Representatives and counsel for the Underwriters, without
charge, as many signed and conformed copies of the Registration Statement as originally filed and of each amendment thereto (including
exhibits filed therewith or incorporated by reference therein and documents incorporated or deemed to be incorporated by reference therein)
as the Representatives and counsel for the Underwriters may reasonably request. The copies of the Registration Statement and each amendment
thereto furnished to the Underwriters will be identical to the electronically transmitted copies thereof filed with the Commission pursuant
to EDGAR, if any, except to the extent permitted by Regulation S-T.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Delivery
of Prospectuses</I>. The Company has delivered to each Underwriter, without charge, as many copies of each preliminary prospectus, if
any, as such Underwriter reasonably requested, and the Company has delivered to each Underwriter, without charge, as many copies of each
Issuer Free Writing Prospectus, if any, as such Underwriter reasonably requested, and the Company hereby consents to the use of such
copies for purposes permitted by the 1933 Act. The Company will furnish to each Underwriter, without charge, during the period when the
Prospectus is required to be delivered under the 1933 Act or the 1934 Act (or would be required to be delivered upon request by a purchaser
pursuant to Rule&nbsp;173 under the 1933&nbsp;Act), such number of copies of the Prospectus (as amended or supplemented) as such Underwriter
may reasonably request in writing (which may be by email). The Prospectus and any amendments or supplements thereto furnished to the
Underwriters will be identical to the electronically transmitted copies thereof filed with the Commission pursuant to EDGAR, except to
the extent permitted by Regulation S-T.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 26; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->23<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Continued
Compliance with Securities Laws</I>. The Company will comply with the 1933 Act and the 1933 Act Regulations and the 1934 Act and the
1934 Act Regulations and the 1939 Act and the 1939 Act Regulations so as to permit the completion of the distribution of the Securities
as contemplated in this Agreement and in the General Disclosure Package and the Prospectus. If at any time when a prospectus is required
by the 1933 Act to be delivered (or would be required to be delivered upon request by a purchaser pursuant to Rule&nbsp;173 under the
1933&nbsp;Act) in connection with sales of the Securities, any event shall occur or condition shall exist as a result of which it is
necessary, in the opinion of counsel for the Underwriters or for the Company, to amend the Registration Statement or amend or supplement
the Prospectus in order that the Prospectus will not include any untrue statements of a material fact or omit to state a material fact
necessary in order to make the statements therein not misleading in the light of the circumstances existing at the time it is delivered
to a purchaser, or if it shall be necessary, in the opinion of any such counsel, at any such time to amend the Registration Statement
or to file a new registration statement relating to the Securities or amend or supplement the Prospectus in order to comply with the
requirements of the 1933 Act or the 1933 Act Regulations, the Company will promptly prepare and file with the Commission, subject to
Section&nbsp;3(b), such amendment, supplement or new registration statement as may be necessary to correct such statement or omission
or to make the Registration Statement or the Prospectus comply with such requirements, the Company will use its best efforts to have
such amendment or new registration statement declared effective as soon as practicable (if it is not an automatic shelf registration
statement with respect to the Securities), and the Company will furnish to the Underwriters such number of copies of such amendment,
supplement or new registration statement as the Underwriters may reasonably request. If at any time following issuance of an Issuer Free
Writing Prospectus there occurred or occurs an event or development as a result of which such Issuer Free Writing Prospectus conflicted
or would conflict with the information contained in the Registration Statement (or any other registration statement relating to the Securities)
or the Statutory Prospectus or any other preliminary prospectus, the Company will promptly notify the Representatives and will promptly
cease use of such Issuer Free Writing Prospectus or amend or supplement, at its own expense, such Issuer Free Writing Prospectus to eliminate
or correct such conflict. If at any time following issuance of an Issuer Free Writing Prospectus there occurred or occurs an event or
development as a result of which such Issuer Free Writing Prospectus included or would include an untrue statement of a material fact
or omitted or would omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances
prevailing at that subsequent time, not misleading, the Company will promptly notify the Representatives and will promptly cease use
of such Issuer Free Writing Prospectus and amend or supplement, at its own expense, either (a)&nbsp;such Issuer Free Writing Prospectus
or (b)&nbsp;the Statutory Prospectus and the Prospectus, to eliminate or correct such conflict, untrue statement or omission.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Blue
Sky Qualifications</I>. The Company will use its best efforts, in cooperation with the Underwriters, to qualify the Securities for offering
and sale under the applicable securities laws of such states and other jurisdictions of the United States as the Representatives may
designate and to maintain such qualifications in effect for a period of not less than one year from the date hereof; <I>provided</I>,
<I>however</I>, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign
corporation or as a dealer in securities in any jurisdiction in which it is not so qualified or to subject itself to taxation in respect
of doing business in any jurisdiction in which it is not otherwise so subject. In each jurisdiction in which the Securities have been
so qualified, the Company will file such statements and reports as may be required by the laws of such jurisdiction to continue such
qualification in effect for a period of not less than one year from the date hereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Rule&nbsp;158</I>.
The Company will timely file such reports pursuant to the 1934 Act as are necessary in order to make generally available to its security
holders as soon as practicable an earnings statement for the purposes of, and to provide to the Underwriters the benefits contemplated
by, the last paragraph of Section&nbsp;11(a)&nbsp;of the 1933 Act.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 27; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Use
of Proceeds</I>. The Company will use the net proceeds received by it from the sale of the Securities in the manner specified in the
Prospectus under &ldquo;Use of Proceeds.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(j)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Reporting
Requirements</I>. The Company, during the period when the Prospectus is required to be delivered under the 1933 Act or the 1934 Act,
will file all documents required to be filed with the Commission pursuant to the 1934 Act within the time periods required by the 1934
Act and the 1934 Act Regulations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(k)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Notice
of Inability to Use Automatic Shelf Registration Statement Form</I>. If at any time when Securities remain unsold by the Underwriters
the Company receives from the Commission a notice pursuant to Rule&nbsp;401(g)(2)&nbsp;or otherwise ceases to be eligible to use the
automatic shelf registration statement form, the Company will (i)&nbsp;promptly notify the Representatives, (ii)&nbsp;promptly file a
new registration statement or post-effective amendment to the Registration Statement on the proper form relating to the Securities, in
a form satisfactory to the Representatives, (iii)&nbsp;use its best efforts to cause such new registration statement or post-effective
amendment to be declared effective and (iv)&nbsp;promptly notify the Representatives of such effectiveness. The Company will take all
other action necessary or appropriate to permit the public offering and sale of the Securities to continue as contemplated in the registration
statement that was the subject of the Rule&nbsp;401(g)(2)&nbsp;notice or for which the Company has otherwise become ineligible. References
herein to the Registration Statement shall include such new registration statement or post-effective amendment, as the case may be.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(l)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Filing
Fees</I>. The Company shall pay the required Commission filing fees relating to the Securities within the time required by Rule&nbsp;456(b)(1)&nbsp;of
the 1933 Act Regulations without regard to the proviso therein and otherwise in accordance with Rules&nbsp;456(b)&nbsp;and 457(r)&nbsp;of
the 1933 Act Regulations (including, if applicable, by updating the &ldquo;Calculation of Registration Fee&rdquo; table in accordance
with Rule&nbsp;456(b)(1)(ii)&nbsp;either in a post-effective amendment to the Registration Statement or in the manner specified by Rule&nbsp;424(g)&nbsp;in
the Prospectus filed pursuant to Rule&nbsp;424(b)).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(m)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Pricing
Term Sheet</I>. The Company will prepare a final pricing term sheet containing a description of the final terms of the Securities, in
a form approved by the Representatives and containing the information in Schedule&nbsp;C hereto, and will file such term sheet pursuant
to Rule&nbsp;433(d)&nbsp;under the 1933 Act within the time period required by such rule&nbsp;(such term sheet, the &ldquo;Pricing Term
Sheet&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(n)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Restriction
on Sale of Securities</I>. During the period beginning on the date of this Agreement through and including the Closing Time, the Company
will not, without the prior written consent of the Representatives, directly or indirectly, offer, pledge, sell, contract to sell, sell
any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise
transfer or dispose of, any debt securities of the Company or any securities convertible into or exercisable or exchangeable for any
debt securities of the Company (except for the Securities sold to the Underwriters pursuant to this Agreement) or file any registration
statement under the 1933 Act with respect to any of the foregoing.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 28; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->25<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(o)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>No
Stabilization</I>. Neither the Company nor its affiliates, nor any persons acting on any of their behalf, has taken or will take, directly
or indirectly, any action designed to cause or to result in, or that has caused or resulted or which might reasonably be expected to
cause or result in, the stabilization in violation of applicable laws or manipulation of the price of any debt security of the Company
to facilitate the sale or resale of any Securities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(p)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Clearstream/Euroclear</I>.
The Company will assist the Representatives in arranging for the Securities to be eligible for clearance and settlement through the facilities
of Clearstream Banking S.A. (&ldquo;Clearstream&rdquo;) and Euroclear Bank, SA/NV (&ldquo;Euroclear&rdquo;) and maintain such eligibility
for so long as the Securities remain outstanding.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(q)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Listing</I>.
The Company will use its commercially reasonable efforts to cause the Securities to be listed on the New York Stock Exchange within 30
days after the date of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION&nbsp;4.
</FONT><U>Payment of Expenses</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Expenses</I>.
The Company will pay all expenses incident to the performance of its obligations under this Agreement, including (i)&nbsp;the word processing,
printing and filing of the Registration Statement (including financial statements and exhibits) as originally filed and of each amendment
thereto, (ii)&nbsp;the printing and delivery to the Underwriters of this Agreement, a Canadian &ldquo;wrapper&rdquo; (if applicable)
and such other documents as may be required in connection with the offering, purchase, sale, issuance or delivery of the Securities,
(iii)&nbsp;the preparation, issuance and delivery of the certificates for the Global Securities to the Underwriters, including any transfer
taxes or other duties payable upon the sale of the Securities to the Underwriters, (iv)&nbsp;the fees and disbursements of the Company&rsquo;s
counsel, accountants and other advisors, (v)&nbsp;the qualification of the Securities under securities laws in accordance with the provisions
of Section&nbsp;3(g)&nbsp;hereof and, if applicable, the preparation of a Canadian &ldquo;wrapper,&rdquo; including filing fees and the
reasonable fees and disbursements of counsel for the Underwriters in connection therewith and in connection with the preparation of the
Blue Sky Survey and any supplement thereto and, if applicable, such Canadian &ldquo;wrapper,&rdquo; (vi)&nbsp;the printing and delivery
to the Underwriters of copies of each preliminary prospectus, any Permitted Free Writing Prospectus and the Prospectus and any amendments
or supplements thereto and any costs associated with the electronic delivery of any of the foregoing to the Underwriters, (vii)&nbsp;the
preparation, printing and delivery to the Underwriters of copies of the Blue Sky Survey and any supplement thereto, (viii)&nbsp;the fees
and expenses of any transfer agent or registrar for the Securities, (ix)&nbsp;if required, the filing fees incident to, and the reasonable
fees and disbursements of counsel to the Underwriters (such fees and disbursements not to exceed $10,000) in connection with, the review,
if any, by the Financial Industry Regulatory Authority,&nbsp;Inc. (the &ldquo;FINRA&rdquo;) of the terms of the sale of the Securities,
(x)&nbsp;the fees and expenses of the Trustee, the Agent and the common depositary, including, if required, the fees and disbursements
of counsel in connection with the Indenture, the Agency Agreement and the Securities, (xi)&nbsp;any fees payable to securities rating
agencies in connection with the rating of the Securities, (xii)&nbsp;the fees (including, but not limited to, any application fees) and
expenses incurred in connection with the application, approval and admittance of the Securities for book-entry transfer by Clearstream
and Euroclear, and (xiii)&nbsp;the fees and expenses incurred in connection with listing of the Securities on the New York Stock Exchange.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 29; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->26<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Termination
of Agreement</I>. If this Agreement is terminated by the Representatives in accordance with the provisions of Section&nbsp;5 or Section&nbsp;9(a)(i)&nbsp;or
9(a)(v)&nbsp;hereof, the Company shall reimburse the Underwriters for all of their out-of-pocket expenses, including the reasonable fees
and disbursements of counsel for the Underwriters.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Pro
Rata Expenses</I>. Each Underwriter agrees to pay the portion of such expenses payable by the Underwriters represented by such Underwriter&rsquo;s
pro rata share (based on the proportion that the sum of the principal amount of 2029 Notes and the principal amount of the 2041 Notes
set forth opposite such Underwriter&rsquo;s name in Schedule A hereto bears to the sum of the aggregate principal amount of 2029 Notes
and the aggregate principal amount of the 2041 Notes, respectively, set forth opposite the names of all Underwriters) of the offering
and sale of the 2029 Notes and 2041 Notes.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION&nbsp;5.
</FONT><U>Conditions of Underwriters&rsquo; Obligations</U>. The obligations of the several Underwriters hereunder are subject to the
accuracy of the representations and warranties of the Company contained in Section&nbsp;1 hereof and in certificates of any officer of
the Company or any subsidiary of the Company delivered pursuant to the provisions hereof, to the performance by the Company of its covenants
and other obligations hereunder, and to the following further conditions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Effectiveness
of Registration Statement</I>. The Registration Statement has become effective and at Closing Time no stop order suspending the effectiveness
of the Registration Statement shall have been issued under the 1933 Act or proceedings therefor initiated or threatened by the Commission,
and any request on the part of the Commission for additional information shall have been complied with to the reasonable satisfaction
of counsel to the Underwriters. The Company shall not have received from the Commission any notice pursuant to Rule&nbsp;401(g)(2)&nbsp;objecting
to the use of the automatic shelf registration statement form. The Prospectus containing the Rule&nbsp;430B Information shall have been
filed with the Commission in the manner and within the time period required by Rule&nbsp;424(b)&nbsp;(without reliance on Rule&nbsp;424(b)(8)).
The Pricing Term Sheet and all other Issuer General Use Free Writing Prospectuses, if any, have been filed, and all Issuer Limited Use
Free Writing Prospectuses, if any, have, if required by the 1933 Act Regulations, also been filed with the Commission in the manner and
within the time period required by Rule&nbsp;433. The Company shall have paid the required Commission filing fees relating to the Securities
within the time period required by Rule&nbsp;456(b)(1)&nbsp;of the 1933 Act Regulations without regard to the proviso therein and otherwise
in accordance with Rules&nbsp;456(b)&nbsp;and 457(r)&nbsp;of the 1933 Act Regulations and, if applicable, shall have updated the &ldquo;Calculation
of Registration Fee&rdquo; table in accordance with Rule&nbsp;456(b)(1)(ii)&nbsp;either in a post-effective amendment to the Registration
Statement or in the manner specified by Rule&nbsp;424(g)&nbsp;in the Prospectus filed pursuant to Rule&nbsp;424(b).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 30; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->27<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Opinions
of Counsel for Company</I>. At Closing Time, (i)&nbsp;the Representatives shall have received the favorable opinions, dated as of Closing
Time, of Latham&nbsp;&amp; Watkins LLP, counsel for the Company, and Venable LLP, Maryland counsel to the Company, each in form and substance
satisfactory to counsel for the Underwriters, to the effect set forth in Exhibits A and B hereto, respectively, and to such further effect
as counsel to the Underwriters may reasonably request pursuant to Section&nbsp;5(i); and (ii)&nbsp;if such Maryland counsel shall deliver
a Separate Opinion (as defined in the last paragraph of Exhibit&nbsp;B hereto), the Representatives shall have received such Separate
Opinion, which shall comply with the requirements of the last paragraph of Exhibit&nbsp;B.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Opinion
of Counsel for the Underwriters</I>. At Closing Time, the Representatives shall have received the favorable opinion, dated as of Closing
Time, of Sidley Austin <FONT STYLE="font-variant: small-caps">llp</FONT>, counsel for the Underwriters, with respect to this Agreement,
the Indenture, the Securities, the Registration Statement, the General Disclosure Package and the Prospectus and such other matters as
the Representatives may reasonably request. In giving such opinion such counsel may rely, as to all matters arising under or governed
by the laws of the State of Maryland, upon the opinion of Venable&nbsp;LLP delivered pursuant to Section&nbsp;5(b)&nbsp;and, as to all
matters governed by the laws of other jurisdictions (other than the law of the State of New York and the federal law of the United States)
upon the opinions of counsel satisfactory to the Representatives.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Officers</I>&rsquo;
<I>Certificate</I>. At Closing Time, there shall not have been, since the date hereof or since the respective dates as of which information
is given in the General Disclosure Package or the Prospectus, any material adverse change in the condition, financial or otherwise, or
in the earnings, business affairs, financial prospects or business prospects of the Company and its subsidiaries considered as one enterprise,
whether or not arising in the ordinary course of business, and the Representatives shall have received a certificate of the Chairman,
the Chief Executive Officer, the President, the Chief Legal Officer or the General Counsel of the Company and of the chief financial
officer, principal financial officer, chief accounting officer or the Head of Corporate Finance of the Company, dated as of Closing Time,
to the effect that (i)&nbsp;there has been no such material adverse change, (ii)&nbsp;the representations and warranties in Section&nbsp;1
hereof are true and correct with the same force and effect as though expressly made at and as of Closing Time, (iii)&nbsp;the Company
has complied with all agreements and satisfied all conditions on its part to be performed or satisfied under this Agreement at or prior
to Closing Time, and (iv)&nbsp;no stop order suspending the effectiveness of the Registration Statement nor any notice pursuant to Rule&nbsp;401(g)(2)&nbsp;objecting
to the use of the automatic shelf registration statement form has been issued and no proceedings for that purpose have been initiated
or, to the best of their knowledge, threatened by the Commission.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Company
Accountant</I>&rsquo;<I>s Comfort Letter</I>. (i)&nbsp;At the time of the execution of this Agreement, the Representatives shall have
received from KPMG&nbsp;LLP a letter, dated such date, in form and substance satisfactory to the Representatives, together with signed
or reproduced copies of such letter for each of the Underwriters, containing statements and information of the type ordinarily included
in accountants&rsquo; &ldquo;comfort letters&rdquo; to underwriters with respect to the Company&rsquo;s financial statements and certain
financial information contained in the Registration Statement, the Statutory Prospectus and the Prospectus; and (ii)&nbsp;at the Closing
Time the Representatives shall have received from KPMG&nbsp;LLP a letter, dated as of Closing Time, to the effect that they reaffirm
the statements made in the letter furnished pursuant to clause&nbsp;(i)&nbsp;of this subsection&nbsp;(e)&nbsp;of this Section, except
that the specified date referred to therein shall be a date not more than three business days prior to Closing Time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 31; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->28<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Acquired
Company Accountant&rsquo;s Comfort Letter</I>. (i)&nbsp;At the time of the execution of this Agreement, the Representatives shall have
received from Ernst&nbsp;&amp; Young LLP a letter, dated such date, in form and substance satisfactory to the Representatives, together
with signed or reproduced copies of such letter for each of the Underwriters, containing statements and information of the type ordinarily
included in accountants&rsquo; &ldquo;comfort letters&rdquo; to underwriters with respect to the Acquired Company&rsquo;s financial statements
and certain financial information contained in the Registration Statement, the Statutory Prospectus and the Prospectus; and (ii)&nbsp;at
the Closing Time the Representatives shall have received from Ernst&nbsp;&amp; Young LLP a letter, dated as of Closing Time, to the effect
that they reaffirm the statements made in the letter furnished pursuant to clause (i)&nbsp;of this subsection (f)&nbsp;of this Section,
except that the specified date referred to therein shall be a date not more than three business days prior to Closing Time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Accounting
Officer&rsquo;s Certificate</I>. At the time of the execution of this Agreement, the Representatives shall have received a certificate,
in form and substance satisfactory to the Representatives, signed by the chief financial officer, principal financial officer or chief
accounting officer of the Company, acting solely in his or her capacity as such officer, certifying as to the accuracy of certain financial
information included in the Registration Statement, the Statutory Prospectus and/or the Prospectus.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Rating
Requirement</I>. The Securities shall have credit ratings and outlooks from Moody&rsquo;s Investors Service,&nbsp;Inc. (&ldquo;Moody&rsquo;s&rdquo;)
and S&amp;P Global Ratings (&ldquo;S&amp;P&rdquo;) at the Closing Time that are the same as or better than the respective ratings and
outlooks set forth in the Pricing Term Sheet filed with the Commission on the date hereof, and the Company shall have delivered to the
Representatives a letter, dated the Closing Time, from each such rating agency, or other evidence satisfactory to the Representatives,
confirming that the Securities have such ratings.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Additional
Documents</I>. At the Closing Time, counsel for the Underwriters shall have been furnished with such documents and opinions as they may
reasonably require for the purpose of enabling them to pass upon the issuance and sale of the Securities as herein contemplated, or in
order to evidence the accuracy of any of the representations or warranties, or the fulfillment of any of the conditions, herein contained;
and all proceedings taken by the Company in connection with the issuance and sale of the Securities as herein contemplated shall be satisfactory
in form and substance to the Representatives and counsel for the Underwriters.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(j)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Termination
of Agreement</I>. If any condition specified in this Section&nbsp;shall not have been fulfilled when and as required to be fulfilled,
this Agreement may be terminated by the Representatives by notice to the Company at any time at or prior to Closing Time, and such termination
shall be without liability of any party to any other party except as provided in Section&nbsp;4 and except that Sections 6, 7, 13, 14,
15, 19, 20 and 22 shall survive any such termination and remain in full force and effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 32; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->29<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(k)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Agency
Agreement</I>. The Agency Agreement shall have been executed and delivered by the parties thereto, shall be reasonably satisfactory to
the Representatives in form and substance, and shall be in full force and effect and the Representatives shall have received an executed
copy of the Agency Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(l)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Clearstream/Euroclear</I>.
The Securities shall be eligible for clearance and settlement through the facilities of Clearstream and Euroclear.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;6. <U>Indemnification</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Indemnification
of Underwriters</I>. The Company agrees to indemnify and hold harmless each Underwriter, each person that is an affiliate or a selling
agent of any Underwriter and that is involved in the offering or sale of the Securities, and each person, if any, who controls any Underwriter
within the meaning of Section&nbsp;15 of the 1933 Act or Section&nbsp;20 of the 1934 Act as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">against
any and all loss, liability, claim, damage and expense whatsoever, as incurred, arising out of any untrue statement or alleged untrue
statement of a material fact contained in the Registration Statement (or any amendment thereto), including, without limitation, the Rule&nbsp;430B
Information, or the omission or alleged omission therefrom of a material fact required to be stated therein or necessary to make the
statements therein not misleading or arising out of any untrue statement or alleged untrue statement of a material fact included in (A)&nbsp;any
preliminary prospectus, any Issuer Free Writing Prospectus, the General Disclosure Package (or any part thereof) or the Prospectus (or
any amendment or supplement thereto) or (B)&nbsp;any materials or information provided to investors by, or with the approval of, the
Company in connection with the marketing of the offering of the Securities, including any road show or investor presentations made by
the Company (whether in person or electronically and including any live or recorded road show or presentations), or the omission or alleged
omission therefrom of a material fact necessary in order to make the statements therein, in the light of the circumstances under which
they were made, not misleading;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">against
any and all loss, liability, claim, damage and expense whatsoever, as incurred, to the extent of the aggregate amount paid in settlement
of any litigation, or any investigation or proceeding by any governmental agency or body, commenced or threatened, or of any claim whatsoever
based upon any such untrue statement or omission, or any such alleged untrue statement or omission, provided that (subject to Section&nbsp;6(d)&nbsp;below)
any such settlement is effected with the written consent of the Company; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">against
any and all expense whatsoever, as incurred (including the fees and disbursements of counsel chosen by the Representatives), reasonably
incurred in investigating, preparing or defending against any litigation, or any investigation or proceeding by any governmental agency
or body, commenced or threatened, or any claim whatsoever based upon any such untrue statement or omission, or any such alleged untrue
statement or omission, to the extent that any such expense is not paid under (i)&nbsp;or (ii)&nbsp;above;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 33; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->30<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>provided</I></FONT>,
<I>however</I>, that this indemnity agreement shall not apply to any loss, liability, claim, damage or expense to the extent arising
out of any untrue statement or omission or alleged untrue statement or omission made in reliance upon and in conformity with written
information furnished to the Company by any Underwriter through the Representatives expressly for use in the Registration Statement (or
any amendment thereto) or any preliminary prospectus, any Issuer Free Writing Prospectus or the Prospectus (or any amendment or supplement
thereto).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Indemnification
of Company, Directors and Officers</I>. Each Underwriter, severally and not jointly, agrees to indemnify and hold harmless the Company,
its directors, each of its officers who signed the Registration Statement, and each person, if any, who controls the Company within the
meaning of Section&nbsp;15 of the 1933 Act or Section&nbsp;20 of the 1934 Act against any and all loss, liability, claim, damage and
expense described in the indemnity contained in subsection&nbsp;(a)&nbsp;of this Section, as incurred, but only with respect to untrue
statements or omissions, or alleged untrue statements or omissions, made in the Registration Statement (or any amendment thereto), including,
without limitation, the Rule&nbsp;430B Information, or any preliminary prospectus, any Issuer Free Writing Prospectus, the General Disclosure
Package (or any part thereof) or the Prospectus (or any amendment or supplement thereto) in reliance upon and in conformity with written
information furnished to the Company by such Underwriter through the Representatives expressly for use therein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Actions
against Parties; Notification</I>. Each indemnified party shall give notice as promptly as reasonably practicable to each indemnifying
party of any action commenced against it in respect of which indemnity may be sought hereunder, but failure to so notify an indemnifying
party shall not relieve such indemnifying party from any liability hereunder to the extent it is not materially prejudiced as a result
thereof and in any event shall not relieve it from any liability which it may have otherwise than on account of this indemnity agreement.
In the case of parties indemnified pursuant to Section&nbsp;6(a)&nbsp;above, counsel to the indemnified parties shall be selected by
the Representatives, and, in the case of parties indemnified pursuant to Section&nbsp;6(b)&nbsp;above, counsel to the indemnified parties
shall be selected by the Company. An indemnifying party may participate at its own expense in the defense of any such action; <I>provided</I>,
<I>however</I>, that counsel to the indemnifying party shall not (except with the consent of the indemnified party) also be counsel to
the indemnified party. In no event shall the indemnifying parties be liable for fees and expenses of more than one counsel (in addition
to any local counsel) separate from their own counsel for all indemnified parties in connection with any one action or separate but similar
or related actions in the same jurisdiction arising out of the same general allegations or circumstances. No indemnifying party shall,
without the prior written consent of the indemnified parties, settle or compromise or consent to the entry of any judgment with respect
to any litigation, or any investigation or proceeding by any governmental agency or body, commenced or threatened, or any claim whatsoever
in respect of which indemnification or contribution could be sought under this Section&nbsp;6 or Section&nbsp;7 hereof (whether or not
the indemnified parties are actual or potential parties thereto), unless such settlement, compromise or consent (i)&nbsp;includes an
unconditional release of each indemnified party from all liability arising out of such litigation, investigation, proceeding or claim
and (ii)&nbsp;does not include a statement as to or an admission of fault, culpability or a failure to act by or on behalf of any indemnified
party.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 34; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->31<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Settlement
without Consent if Failure to Reimburse</I>. If at any time an indemnified party shall have requested an indemnifying party to reimburse
the indemnified party for fees and expenses of counsel, such indemnifying party agrees that it shall be liable for any settlement of
the nature contemplated by Section&nbsp;6(a)(ii)&nbsp;hereof effected without its written consent if (i)&nbsp;such settlement is entered
into more than 60 days after receipt by such indemnifying party of the aforesaid request, (ii)&nbsp;such indemnifying party shall have
received notice of the terms of such settlement at least 45 days prior to such settlement being entered into and (iii)&nbsp;such indemnifying
party shall not have reimbursed such indemnified party in accordance with such request prior to the date of such settlement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION&nbsp;7.
</FONT><U>Contribution</U>. If the indemnification provided for in Section&nbsp;6 hereof is for any reason unavailable to or insufficient
to hold harmless an indemnified party in respect of any losses, liabilities, claims, damages or expenses referred to therein, then each
indemnifying party shall contribute to the aggregate amount of such losses, liabilities, claims, damages and expenses incurred by such
indemnified party, as incurred, (i)&nbsp;in such proportion as is appropriate to reflect the relative benefits received by the Company
on the one hand and the Underwriters on the other hand from the offering of the Securities pursuant to this Agreement or (ii)&nbsp;if
the allocation provided by clause&nbsp;(i)&nbsp;is not permitted by applicable law, in such proportion as is appropriate to reflect not
only the relative benefits referred to in clause&nbsp;(i)&nbsp;above but also the relative fault of the Company on the one hand and of
the Underwriters on the other hand in connection with the statements or omissions which resulted in such losses, liabilities, claims,
damages or expenses, as well as any other relevant equitable considerations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The relative benefits received by the Company
on the one hand and the Underwriters on the other hand in connection with the offering of the Securities pursuant to this Agreement shall
be deemed to be in the same respective proportions as the total net proceeds from the offering of the Securities pursuant to this Agreement
(before deducting expenses) received by the Company and the total underwriting discount received by the Underwriters, in each case as
set forth on the cover of the Prospectus bear to the aggregate initial public offering price of the Securities as set forth on such cover.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The relative fault of the Company on the one hand
and the Underwriters on the other hand shall be determined by reference to, among other things, whether any such untrue or alleged untrue
statement of a material fact or omission or alleged omission to state a material fact relates to information supplied by the Company
or by the Underwriters and the parties&rsquo; relative intent, knowledge, access to information and opportunity to correct or prevent
such statement or omission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company and the Underwriters agree that it
would not be just and equitable if contribution pursuant to this Section&nbsp;7 were determined by pro rata allocation (even if the Underwriters
were treated as one entity for such purpose) or by any other method of allocation which does not take account of the equitable considerations
referred to above in this Section&nbsp;7. The aggregate amount of losses, liabilities, claims, damages and expenses incurred by an indemnified
party and referred to above in this Section&nbsp;7 shall be deemed to include any legal or other expenses reasonably incurred by such
indemnified party in investigating, preparing or defending against any litigation, or any investigation or proceeding by any governmental
agency or body, commenced or threatened, or any claim whatsoever based upon any such untrue or alleged untrue statement or omission or
alleged omission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 35; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->32<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Notwithstanding the provisions of this Section&nbsp;7,
no Underwriter shall be required to contribute any amount in excess of the amount by which the total price at which the Securities underwritten
by it and distributed to the public were offered to the public exceeds the amount of any damages which such Underwriter has otherwise
been required to pay by reason of any such untrue or alleged untrue statement or omission or alleged omission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">No person guilty of fraudulent misrepresentation
(within the meaning of Section&nbsp;11(f)&nbsp;of the 1933 Act) shall be entitled to contribution from any person who was not guilty
of such fraudulent misrepresentation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For purposes of this Section&nbsp;7, each person
that is an affiliate or a selling agent of any Underwriter and that is involved in the offering or sale of the Securities and each person,
if any, who controls any Underwriter within the meaning of Section&nbsp;15 of the 1933 Act or Section&nbsp;20 of the 1934 Act shall have
the same rights to contribution as such Underwriter, and each director of the Company, each officer of the Company who signed the Registration
Statement, and each person, if any, who controls the Company within the meaning of Section&nbsp;15 of the 1933 Act or Section&nbsp;20
of the 1934 Act shall have the same rights to contribution as the Company. The Underwriters&rsquo; respective obligations to contribute
pursuant to this Section&nbsp;7 are several in proportion to the aggregate principal amount of Securities set forth opposite their respective
names in Schedule&nbsp;A hereto and not joint.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION&nbsp;8.
</FONT><U>Representations, Warranties and Agreements to Survive Delivery</U>. All representations, warranties and agreements contained
in this Agreement and in certificates of officers of the Company submitted pursuant hereto shall remain operative and in full force and
effect, regardless of any investigation made by or on behalf of any Underwriter or any affiliate, selling agent or controlling person
of any Underwriter, or by or on behalf of the Company, and shall survive delivery of the Securities to the Underwriters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 36; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->33<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION&nbsp;9.
</FONT><U>Termination of Agreement</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Termination;
General</I>. The Representatives may terminate this Agreement, by notice to the Company, at any time at or prior to Closing Time (i)&nbsp;if
in the reasonable judgment of the Representatives, there has been, since the time of execution of this Agreement or since the respective
dates as of which information is given in the Prospectus or the General Disclosure Package, any material adverse change in the condition,
financial or otherwise, or in the earnings, business affairs, financial prospects or business prospects of the Company and its subsidiaries
considered as one enterprise, whether or not arising in the ordinary course of business, or (ii)&nbsp;if there has occurred any material
adverse change in the financial markets in the United States or the international financial markets, any outbreak of hostilities or escalation
thereof or other calamity or crisis or any change or development involving a prospective change in national or international political,
financial or economic conditions, in each case the effect of which is such as to make it, in the judgment of the Representatives, impracticable
or inadvisable to market the Securities or to enforce contracts for the sale of the Securities, or (iii)&nbsp;if trading in any securities
of the Company has been suspended or limited by the Commission, the New York Stock Exchange or the Nasdaq Global Market, or if trading
generally on the NYSE American or the New York Stock Exchange or the London Stock Exchange plc or in the Nasdaq Global Market has been
suspended or limited, or minimum or maximum prices for trading have been fixed, or maximum ranges for prices have been required, by any
of said exchanges or by such system or by order of the Commission, the FINRA or any other governmental authority, or a material disruption
has occurred in commercial banking or securities settlement or clearance services in the United States, or (iv)&nbsp;if a banking moratorium
has been declared by either Federal, California, New York, United Kingdom or European Union authorities, or (v)&nbsp;if since the date
of this Agreement, there has occurred a downgrading in the rating assigned to the Securities, any class or series of the Company&rsquo;s
outstanding Preferred Stock, if any, or any of the Company&rsquo;s other debt securities by any nationally recognized securities rating
agency, or any such securities rating agency has publicly announced that it has under surveillance or review, with possible negative
implications or without indicating the direction of the possible change, its rating of the Securities, any class or series of Preferred
Stock or any of the Company&rsquo;s other debt securities, or (vi)&nbsp;there shall have occurred a material adverse change since the
date hereof in the U.S., United Kingdom or European Union taxation affecting the Securities or the transfer thereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><I>Liabilities</I>.
If this Agreement is terminated pursuant to this Section, such termination shall be without liability of any party to any other party
except as provided in Section&nbsp;4 hereof, and provided further that Sections&nbsp;6, 7, 13, 14, 15, 19, 20 and 22 shall survive such
termination and remain in full force and effect.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">SECTION&nbsp;10.
</FONT><U>Default by One or More of the Underwriters</U>. If one or more of the Underwriters shall fail at the Closing Time to purchase
the Securities which it or they are obligated to purchase under this Agreement at such time (the &ldquo;Defaulted Securities&rdquo;),
the Representatives shall have the right, within 24 hours thereafter, to make arrangements for one or more of the non-defaulting Underwriters,
or any other underwriters, to purchase all, but not less than all, of the Defaulted Securities in such amounts as may be agreed upon
and upon the terms herein set forth; if, however, the Representatives shall not have completed such arrangements within such 24-hour
period, then:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">if
the aggregate principal amount of the Defaulted Securities does not exceed 10% of the aggregate principal amount of the Securities set
forth on Schedule&nbsp;A hereto, each of the non-defaulting Underwriters shall be obligated, severally and not jointly, to purchase the
full amount thereof in the proportions that their respective underwriting obligations hereunder bear to the underwriting obligations
of all non-defaulting Underwriters, or</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">if
the aggregate principal amount of the Defaulted Securities exceeds 10% of the aggregate principal amount of the Securities set forth
on Schedule&nbsp;A hereto, this Agreement shall terminate without liability on the part of any non-defaulting Underwriter.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 37; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->34<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Split-Segment; Name: 1 -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">No action taken pursuant to this Section&nbsp;shall
relieve any defaulting Underwriter from liability in respect of its default.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In the event of any such default which does not
result in a termination of this Agreement, either the Representatives or the Company shall have the right to postpone the Closing Time,
for a period not exceeding seven days in order to effect any required changes in the Registration Statement or Prospectus or in any other
documents or arrangements. As used herein, the term &ldquo;Underwriter&rdquo; includes any person substituted for an Underwriter under
this Section&nbsp;10.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; ">SECTION&nbsp;11.
</FONT><U>Notices</U>. All notices and other communications hereunder shall be in writing and shall be deemed to have been duly given
if mailed or transmitted by any standard form of telecommunication. Notices to the Underwriters shall be directed to them c/o (a)&nbsp;Barclays
Bank PLC at 1 Churchill Place, London, E14 5HP, Tel: +44 (0) 20 7773 9098, Email: LeadManagedBondNotices@barclayscorp.com, Attn: Debt
Syndicate, (b)&nbsp;BNP Paribas<FONT STYLE="background-color: white">, 10 Harewood Avenue, London NW1 6AA, United Kingdom, Attention:
Fixed Income Syndicate, Email: mary.chapman@uk.bnpparibas.com; nicholas.hearn@us.bnpparibas.com</FONT>, (c)&nbsp;Merrill Lynch International,
2 King Edward Street, London EC1A 1HQ, United Kingdom, Tel: +44 (0)20 7995 3966, Fax: +44 (0)20 7995 0048, Email: dcm_london@bofa.com,
Attention: Syndicate Desk, (d)&nbsp;Goldman Sachs&nbsp;&amp; Co. LLC, 200 West Street, New York, New York 10282-2198, Attention: Registration
Department and (e)&nbsp;Wells Fargo Securities International Limited, 33 King William Street, London EC4R 9AT, United Kingdom, Attention:
DCM&nbsp;&amp; Syndicate; and notices to the Company shall be directed to it at Realty Income Corporation, 11995 El Camino Real, San Diego,
California 92130, attention of Legal Department.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; ">SECTION&nbsp;12.
</FONT><U>Parties</U>. This Agreement shall inure to the benefit of and be binding upon the Underwriters, including any substitute Underwriters
pursuant to Section&nbsp;10 hereof, and the Company and their respective successors. Nothing expressed or mentioned in this Agreement
is intended or shall be construed to give any person, firm or corporation, other than the Underwriters and the Company and their respective
successors and the affiliates, selling agents, controlling persons and officers and directors referred to in Sections&nbsp;6 and 7 and
their heirs and legal representatives, any legal or equitable right, remedy or claim under or in respect of this Agreement or any provision
herein contained. This Agreement and all conditions and provisions hereof are intended to be for the sole and exclusive benefit of the
Underwriters and the Company and their respective successors, and said affiliates, selling agents, controlling persons and officers and
directors and their heirs and legal representatives, and for the benefit of no other person, firm or corporation. No purchaser of Securities
from any Underwriter shall be deemed to be a successor by reason merely of such purchase.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 38; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->35<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; ">SECTION&nbsp;13.
</FONT><U>Recognition of the U.S. Special Resolution Regimes</U><I>.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;In the event that any Underwriter that
is a Covered Entity becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer from such Underwriter of this
Agreement, and any interest and obligation in or under this Agreement, will be effective to the same extent as the transfer would be effective
under the U.S. Special Resolution Regime if this Agreement, and any such interest and obligation, were governed by the laws of the United
States or a state of the United States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;In the event that any Underwriter that
is a Covered Entity or a BHC Act Affiliate of such Underwriter becomes subject to a proceeding under a U.S. Special Resolution Regime,
Default Rights under this Agreement that may be exercised against such Underwriter are permitted to be exercised to no greater extent
than such Default Rights could be exercised under the U.S. Special Resolution Regime if this Agreement were governed by the laws of the
United States or a state of the United States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For the purposes of this Section&nbsp;13, a &ldquo;BHC
Act Affiliate&rdquo; has the meaning assigned to the term &ldquo;affiliate&rdquo; in, and shall be interpreted in accordance with, 12
U.S.C. &sect; 1841(k). &ldquo;Covered Entity&rdquo; means any of the following: (i)&nbsp;a &ldquo;covered entity&rdquo; as that term is
defined in, and interpreted in accordance with, 12 C.F.R. &sect; 252.82(b); (ii)&nbsp;a &ldquo;covered bank&rdquo; as that term is defined
in, and interpreted in accordance with, 12 C.F.R. &sect; 47.3(b); or (iii)&nbsp;a &ldquo;covered FSI&rdquo; as that term is defined in,
and interpreted in accordance with, 12 C.F.R. &sect; 382.2(b). &ldquo;Default Right&rdquo; has the meaning assigned to that term in, and
shall be interpreted in accordance with, 12 C.F.R. &sect;&sect; 252.81, 47.2 or 382.1, as applicable. &ldquo;U.S. Special Resolution Regime&rdquo;
means each of (i)&nbsp;the Federal Deposit Insurance Act and the regulations promulgated thereunder and (ii)&nbsp;Title II of the Dodd-Frank
Wall Street Reform and Consumer Protection Act and the regulations promulgated thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; ">SECTION&nbsp;14.
</FONT><U>Contractual Recognition of Bail-In</U>. Notwithstanding and to the exclusion of any other term of this Agreement or any other
agreements, arrangements, or understanding between any of the parties hereto, each of the parties acknowledges and accepts that a BRRD
Liability of a BRRD Party hereto arising under this Agreement may be subject to the exercise of Bail-in Powers by the Relevant Resolution
Authority, and acknowledges, accepts and agrees to be bound by:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
effect of the exercise of Bail-in Powers by the Relevant Resolution Authority in relation to any BRRD Liability of a BRRD Party, that
(without limitation) may include and result in any of the following, or some combination thereof:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
reduction of all, or a portion, of the BRRD Liability or outstanding amounts due thereon;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
conversion of all, or a portion, of the BRRD Liability into shares, other securities or other obligations of another person, and the
issue to or conferral on it of such shares, securities or obligations;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
cancellation of the BRRD Liability; or</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 39; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->36<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
amendment or alteration of any interest, if applicable, thereon, the maturity or the dates on which any payments are due, including by
suspending payment for a temporary period; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;the
variation of the terms of this Agreement, as deemed necessary by the Relevant Resolution Authority, to give effect to the exercise of
any Bail-in Powers by the Relevant Resolution Authority.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For the purposes of this Section&nbsp;14,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;Bail-in Legislation&rdquo; means (a)&nbsp;in
relation to a member state of the European Economic Area which has implemented, or which at any time implements, the BRRD, the relevant
implementing law, regulation, rule&nbsp;or requirement as described in the EU Bail-in Legislation Schedule from time to time and (b)&nbsp;in
relation to the United Kingdom, Part&nbsp;I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law or
regulation applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial
institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;Bail-in Powers&rdquo; means (a)&nbsp;in
relation to a member state of the European Economic Area which has implemented, or which at any time implements, the BRRD, any write-down,
conversion, transfer, modification, suspension or similar or related power existing from time to time under, and exercised in compliance
with, any applicable laws, regulations, rules&nbsp;or requirements pursuant to the applicable Bail-in Legislation and (b)&nbsp;in relation
to the United Kingdom, any powers of the Relevant Resolution Authority under the Bail-In Legislation to cancel, transfer or dilute shares
issued by a person that is a bank or investment firm or other financial institution or affiliate of a bank, investment firm or other financial
institution, to cancel, reduce, modify or change the form of a liability of such a person or any contract or instrument under which that
liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person,
to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation
in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;BRRD&rdquo; means Directive 2014/59/EU establishing
a framework for the recovery and resolution of credit institutions and investment firms;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;BRRD Liability&rdquo; has the same meaning
as in such laws, regulations, rules&nbsp;or requirements implementing the BRRD under the applicable Bail-in Legislation;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;BRRD Party&rdquo; means any party hereto
that is subject to Bail-in Powers;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;EU Bail-in Legislation Schedule&rdquo; means
the document described as such, then in effect, and published by the Loan Market Association (or any successor person) from time to time;
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;Relevant Resolution Authority&rdquo; means,
in relation to any BRRD Party, the resolution authority with the ability to exercise any Bail-in Powers as defined in this Section&nbsp;14.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 40; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->37<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; ">SECTION&nbsp;15.
</FONT><U>ICMA Agreement Among Managers</U>. The execution of this Agreement on behalf of all parties hereto will constitute the acceptance
by each Underwriter of the International Capital Market Association Standard Form&nbsp;Agreement Among Managers Version 1/ New York Law
(the &ldquo;AAM&rdquo;) as amended herein and the Underwriters further agree that references in the AAM to the &ldquo;Managers&rdquo;
shall mean the Underwriters, references to the &ldquo;Lead Manager&rdquo; and the &ldquo;Joint Bookrunners&rdquo; shall mean the Representatives,
references to the &ldquo;Settlement Lead Manager&rdquo; shall mean the Settlement Bank, references to the &ldquo;Stabilisation Manager&rdquo;
and the &ldquo;Stabilisation Coordinator&rdquo; shall mean Barclays and references to the &ldquo;Subscription Agreement&rdquo; shall mean
this Agreement. As applicable to the Underwriters, Clause 3 of the AAM shall be deemed to be deleted in its entirety and replaced with
Section&nbsp;10 of this Agreement. The Underwriters further agree for the purposes of the AAM that their respective underwriting commitments
as between themselves will be as set out in the table attached to this Agreement as Schedule A which shall constitute the Commitment Notification
(as defined in the AAM).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; ">SECTION&nbsp;16.
</FONT><U>Stabilizing Manager</U>. The Company hereby authorizes Barclays in its role as stabilizing manager (the &ldquo;Stabilizing Manager&rdquo;)
to make adequate public disclosure regarding stabilization of the information required in relation to such stabilization by Commission
Delegated Regulation (EU) 2016/1052 of 8 March&nbsp;2016. The Stabilizing Manager for its own account may, to the extent permitted by
applicable laws and directives, over-allot and effect transactions with a view to supporting the market price of the Securities at a level
higher than that which might otherwise prevail, but in doing so the Stabilizing Manager shall act as principal and not as agent of the
Company and any loss resulting from over-allotment and stabilization shall be borne, and any profit arising therefrom shall be beneficially
retained, by the Stabilizing Manager. However, stabilization may not necessarily occur. Any stabilizing action may begin on or after the
date on which adequate public disclosure of the terms of the Securities takes place and, if begun, may cease at any time, but must end
no later than the earlier of 30 days after the issue date of the Securities and 60 days after the date of the allotment of the Securities.
Nothing contained in this paragraph shall be construed so as to require the Company to issue in excess of the aggregate principal amount
of Securities specified in Schedule A hereto. Such stabilization, if commenced, may be discontinued at any time and shall be conducted
by the Stabilizing Manager in accordance with all applicable laws and directives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;17. <U>[</U>Intentionally omitted<U>]</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; ">SECTION&nbsp;18.
</FONT><U>UK MiFIR Product Governance</U>. Solely for the purposes of the requirements of 3.2.7R of the FCA Handbook Product Intervention
and Product Governance Sourcebook (the &ldquo;UK MiFIR Product Governance Rules&rdquo;) regarding the mutual responsibilities of manufacturers
under the UK MiFIR Product Governance Rules: (a)&nbsp;each Underwriter which deems itself to be a manufacturer for the purposes of the
UK MiFIR Product Governance Rules&nbsp;(each a &ldquo;UK Manufacturer&rdquo; and together the &ldquo;UK Manufacturers&rdquo;) acknowledges
to each other UK Manufacturer that it understands the responsibilities conferred upon it under the UK MiFIR Product Governance Rules&nbsp;relating
to each of the product approval process, the target market and the proposed distribution channels as applying to the Securities and the
related information set out in the Prospectus and any announcements in connection with the Securities; and (b)&nbsp;the Company and each
Underwriter which is not a UK Manufacturer note the application of the UK MiFIR Product Governance Rules&nbsp;and acknowledge the target
market and distribution channels identified as applying to the Securities by the UK Manufacturers and the related information set out
in the Prospectus and any announcements in connection with the Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 41; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->38<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; ">SECTION&nbsp;19.
</FONT><U>Judgment Currency</U>. If for the purposes of obtaining judgment in any court it is necessary to convert a sum due hereunder
into any currency other than United States dollars, the parties hereto agree, to the fullest extent permitted by law, that the rate of
exchange used shall be the rate at which in accordance with normal banking procedures the Underwriters could purchase United States dollars
with such other currency in The City of New York on the business day preceding that on which final judgment is given. The obligation of
the Company with respect to any sum due from the Company to any Underwriter or any person controlling any Underwriter or any affiliate
or selling agent of any Underwriter, as the case may be, shall, notwithstanding any judgment in a currency other than United States dollars,
not be discharged until the first business day following receipt by such Underwriter or controlling person or affiliate or selling agent
of such Underwriter of any sum in such other currency, and only to the extent that such Underwriter or controlling person or affiliate
or selling agent of such Underwriter may in accordance with normal banking procedures purchase United States dollars with such other currency.
If the United States dollars so purchased are less than the sum originally due to such Underwriter or controlling person or affiliate
or selling agent of such Underwriter, as the case may be, hereunder, the Company agrees, as a separate obligation and notwithstanding
any such judgment, to indemnify such Underwriter or controlling person or affiliate or selling agent of such Underwriter against such
loss. If the United States dollars so purchased are greater than the sum originally due to such Underwriter or controlling person or affiliate
or selling agent of such Underwriter hereunder, such Underwriter or controlling person or affiliate or selling agent of such Underwriter,
as the case may be, shall pay to the Company an amount equal to the excess of the dollars so purchased over the sum originally due to
such Underwriter or controlling person or affiliate or selling agent of such Underwriter hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; ">SECTION&nbsp;20.
</FONT><U>No Advisory or Fiduciary Responsibility; Tax Disclosure</U>. (a)&nbsp;The Company acknowledges and agrees that: (i)&nbsp;the
purchase and sale of the Securities pursuant to this Agreement, including the determination of the public offering price of the Securities
and any related discounts and commissions, is an arm&rsquo;s-length commercial transaction between the Company, on the one hand, and the
several Underwriters, on the other hand, and does not constitute a recommendation, investment advice, or solicitation of any action by
the Underwriters, and the Company is capable of evaluating and understanding and understands and accepts the terms, risks and conditions
of the transactions contemplated by this Agreement; (ii)&nbsp;in connection with each transaction contemplated hereby and the process
leading to such transaction each Underwriter is and has been acting solely as a principal and is not the financial advisor, agent or fiduciary
of the Company or its affiliates, stockholders, creditors or employees or any other party; (iii)&nbsp;no Underwriter has assumed or will
assume an advisory, agency or fiduciary responsibility in favor of the Company or any of its subsidiaries or other affiliates with respect
to any of the transactions contemplated hereby or the process leading thereto (irrespective of whether such Underwriter has advised or
is currently advising the Company or any of its subsidiaries or other affiliates on other matters) and no Underwriter has any obligation
to the Company with respect to the offering contemplated hereby except the obligations expressly set forth in this Agreement; (iv)&nbsp;the
several Underwriters and their respective affiliates may be engaged in a broad range of transactions that involve interests that differ
from those of the Company and the several Underwriters have no obligation to disclose any of such interests by virtue of any advisory,
agency or fiduciary relationship; (v)&nbsp;the Underwriters have not provided any legal, accounting, financial, regulatory, investment
or tax advice with respect to the offering contemplated hereby and the Company has consulted its own legal, accounting, financial, regulatory
and tax advisors to the extent it deemed appropriate; and (vi)&nbsp;none of the activities of the Underwriters in connection with the
transactions contemplated herein constitutes a recommendation, investment advice or solicitation of any action by the Underwriters with
respect to any entity or natural person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 42; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->39<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Notwithstanding
any other provision of this Agreement, immediately upon commencement of discussions with respect to the transactions contemplated hereby,
the Company (and each employee, representative or other agent of the Company) may disclose to any and all persons, without limitation
of any kind, the tax treatment and tax structure of the transactions contemplated by this Agreement and all materials of any kind (including
opinions or other tax analyses) that are provided to the Company relating to such tax treatment and tax structure. For purposes of the
foregoing, the term &ldquo;tax treatment&rdquo; is the purported or claimed federal income tax treatment of the transactions contemplated
hereby, and the term &ldquo;tax structure&rdquo; includes any fact that may be relevant to understanding the purported or claimed federal
income tax treatment of the transactions contemplated hereby.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; ">SECTION&nbsp;21.
</FONT><U>Integration</U>. This Agreement supersedes all prior agreements and understandings (whether written or oral) between the Company
and the several Underwriters, or any of them, with respect to the subject matter hereof. The Company hereby waives and releases, to the
fullest extent permitted by law, any claims that the Company may have against the several Underwriters with respect to any breach or alleged
breach of agency or fiduciary duty.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; ">SECTION&nbsp;22.
</FONT><U>GOVERNING LAW AND TIME</U>. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED
IN SAID STATE. EXCEPT AS OTHERWISE SET FORTH HEREIN, SPECIFIED TIMES OF DAY REFER TO NEW YORK CITY TIME.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; ">SECTION&nbsp;23.
</FONT><U>Waiver of Jury Trial</U>. The Company hereby irrevocably waives, to the fullest extent permitted by applicable law, any and
all right to trial by jury in any legal proceeding arising out of or relating to this Agreement or the transactions contemplated hereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; ">SECTION&nbsp;24.
</FONT><U>Effect of Headings and Table of Contents; Counterparts</U>. The Article&nbsp;and Section&nbsp;headings herein and the Table
of Contents are for convenience only and shall not affect the construction hereof. This Agreement may be executed in any number of counterparts,
each of which shall be deemed to be an original, but all such counterparts shall together constitute one and the same agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The words &ldquo;executed,&rdquo; &ldquo;execution,&rdquo;
&ldquo;signed,&rdquo; &ldquo;signature,&rdquo; and words of like import in this Agreement or in any instruments, agreements, certificates,
legal opinions, negative assurance letters or other documents entered into or delivered pursuant to or in connection with this Agreement
shall include images of manually executed signatures transmitted by facsimile or other electronic format (including, without limitation,
&ldquo;pdf&rdquo;, &ldquo;tif&rdquo; or &ldquo;jpg&rdquo;) and electronic signatures (including, without limitation, DocuSign and AdobeSign)
and, without limitation to the foregoing, this Agreement and any amendments or supplements hereto may be executed and delivered by the
parties by any of the foregoing means other than by DocuSign, AdobeSign or other electronic signatures. The use of electronic means of
transmittal and delivery, electronic signatures and electronic records (including, without limitation, any contract or other record created,
generated, sent, communicated, received, or stored by electronic means) shall be of the same legal effect, validity and enforceability
as a manually executed signature or use of a paper-based record-keeping system to the fullest extent permitted by applicable law, including
the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act and any
other applicable law, including, without limitation, any state law based on the Uniform Electronic Transactions Act or the Uniform Commercial
Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>[Signature Pages&nbsp;Follow]</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 43; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->40<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If the foregoing is in accordance with your understanding
of our agreement, please sign and return to the Company a counterpart hereof, whereupon this instrument, along with all counterparts,
will become a binding agreement between the Underwriters and the Company in accordance with its terms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">Very truly yours,</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">REALTY INCOME CORPORATION</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"> /s/ Jonathan Pong</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%">Name:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 42%">Jonathan Pong</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Executive Vice President, Chief Financial Officer and Treasurer</TD></TR>
  </TABLE>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page to Purchase Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 44; Options: NewSection; Value: 41 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->41<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">CONFIRMED AND ACCEPTED,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">as of the date first above written:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">By: BARCLAYS BANK PLC</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; text-align: left">By: Merrill Lynch International</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt; width: 45%">/s/ Meghan Maher</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; width: 4%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt; width: 45%"> /s/ Angus J. Reynolds</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Name: Meghan Maher</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Name: Angus J. Reynolds</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Title: Managing Director</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Title: Managing Director</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">By: <FONT STYLE="text-transform: uppercase">BNP
    Paribas</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; text-align: left">By: Goldman Sachs&nbsp;&amp; Co. LLC</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">/s/ Luke Thorne</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt"> /s/ Iva Vukina</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Name: Luke Thorne</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Name: Iva Vukina</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Title: Authorised Signatory</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Title: Managing Director</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">/s/ Eric Noyer</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">By: <FONT STYLE="text-transform: uppercase">Wells
    Fargo Securities</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Name: Eric Noyer</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="text-transform: uppercase">International Limited</FONT></TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Title: Authorised Signatory</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt"> /s/ Damon Mahon</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Name: Damon Mahon</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Title: Managing Director</TD></TR>
  </TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For themselves and as Representatives of the</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Underwriters listed in
the signature pages&nbsp;hereto and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">named in Schedule&nbsp;A hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page to Purchase Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 45; Value: 41 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->42<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">By: <FONT STYLE="text-transform: uppercase">Citigroup Global Markets
    Limited</FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">/s/ James Barnard</TD>
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: James Barnard</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Delegated Signatory</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page to Purchase Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 46; Value: 41 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->43<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">By: <FONT STYLE="text-transform: uppercase">J.P. MORGAN SECURITIES PLC</FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">/s/ Marc Lewell</TD>
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Marc Lewell</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Managing Director</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page to Purchase Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 47; Value: 41 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->44<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">By: <FONT STYLE="text-transform: uppercase">MIZUHO INTERNATIONAL PLC</FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">/s/ Manabu Shibuya</TD>
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Manabu Shibuya</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Authorised Signatory</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page to Purchase Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 48; Value: 41 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->45<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">By: <FONT STYLE="text-transform: uppercase">RBC EUROPE LIMITED</FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">/s/ Elaine S. Murray</TD>
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Elaine S. Murray</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Duly Authorised Signatory</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page to Purchase Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 49; Value: 41 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->46<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">By: <FONT STYLE="text-transform: uppercase">THE BANK OF NOVA SCOTIA, LONDON BRANCH</FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">/s/ James Walter</TD>
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: James Walter</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Head of Legal, Europe</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">/s/ Cesare Roselli</TD>
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Cesare Roselli</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Managing Director</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page to Purchase Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 50; Value: 41 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->47<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">By: <FONT STYLE="text-transform: uppercase">THE TORONTO-DOMINION BANK</FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">/s/ Frances Watson&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</TD>
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Frances Watson</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Director, Transaction Advisory</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page to Purchase Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 51; Value: 41 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->48<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">By: <FONT STYLE="text-transform: uppercase">BANCO BILBAO VIZCAYA ARGENTARIA, S.A.</FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">/s/ Adrien Ferrando</TD>
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Adrien Ferrando</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: DCM Bond Origination</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">/s/ Steffen Thiemann</TD>
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Steffen Thiemann</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: DCM Bond Origination</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page to Purchase Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 52; Value: 41 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->49<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">By: <FONT STYLE="text-transform: uppercase">PNC CAPITAL MARKETS LLC</FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">/s/ Matt Casey</TD>
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Matt Casey</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Managing Director</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page to Purchase Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 53; Value: 41 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->50<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">By: <FONT STYLE="text-transform: uppercase">REGIONS SECURITIES LLC</FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">/s/ Nicole Black</TD>
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Nicole Black</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Managing Director</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page to Purchase Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 54; Value: 41 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->51<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">By: <FONT STYLE="text-transform: uppercase">BANCO SANTANDER, S.A.</FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">/s/ Alexis Rohr</TD>
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Alexis Rohr</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: DCM Associate</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">/s/ Matthias d'Haene</TD>
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Matthias d'Haene</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: DCM Executive Director</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page to Purchase Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 55; Value: 41 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->52<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">By: <FONT STYLE="text-transform: uppercase">U.S. BANCORP INVESTMENTS, INC.</FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">/s/ Charles P. Carpenter</TD>
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Charles P. Carpenter</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Senior Vice President</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page to Purchase Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 56; Value: 41 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->53<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Split-Segment; Name: 2 -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">By: <FONT STYLE="text-transform: uppercase">BNY Mellon Capital Markets,
    LLC</FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">/s/ Dan Klinger</TD>
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Dan Klinger</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Managing Director</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>





<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">[Signature Page&nbsp;to Purchase Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 57; Options: NewSection; Value: 54 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->54<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">By: <FONT STYLE="text-transform: uppercase">Huntington Securities,&nbsp;Inc.</FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">/s/ Nicholas Muzychak</TD>
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Nicholas Muzychak</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Sr. Managing Director</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&nbsp;to Purchase Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 58; Value: 54 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->55<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">By: <FONT STYLE="text-transform: uppercase">Morgan Stanley&nbsp;&amp;
    Co. International plc</FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">/s/ Kathryn McArdle</TD>
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name:  Kathryn McArdle</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Executive Director</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&nbsp;to Purchase Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 59; Value: 54 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->56<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">By: <FONT STYLE="text-transform: uppercase">Truist Securities,&nbsp;Inc.</FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">/s/ Robert Nordlinger</TD>
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name:    Robert Nordlinger</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Authorized Signatory</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&nbsp;to Purchase Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 60; Value: 54 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->57<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">By: <FONT STYLE="text-transform: uppercase">Bank of Montreal, London
    Branch</FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%"> /s/ Michael McCormick</TD>
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Michael McCormick</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Managing Director, Global Markets</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"> /s/ Richard Couzens</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Richard Couzens</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Managing Director&nbsp;&amp; Head Global Markets, EMEA</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&nbsp;to Purchase Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 61; Value: 54 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->58<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">By: <FONT STYLE="text-transform: uppercase">Citizens JMP Securities,
    LLC</FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">/s/ Michele Goodenough</TD>
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name:    Michele Goodenough</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Managing Director</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&nbsp;to Purchase Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P>

<!-- Field: Page; Sequence: 62; Value: 54 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->59<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">By: <FONT STYLE="text-transform: uppercase">UBS AG London Branch</FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">/s/ Perry Ward</TD>
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Perry Ward</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Director</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ Ed Mulderrig</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Ed Mulderrig</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Managing Director</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&nbsp;to Purchase Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 63; Value: 54 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->60<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">By: <FONT STYLE="text-transform: uppercase">Moelis&nbsp;&amp; Company
    LLC</FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">/s/ Anthony Rokovich</TD>
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Anthony Rokovich</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Managing Director</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&nbsp;to Purchase Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 64; Value: 54 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->61<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">By: <FONT STYLE="text-transform: uppercase">Comerica Securities,&nbsp;Inc.</FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">/s/ Alex Sin</TD>
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Alex Sin</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Managing Director</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&nbsp;to Purchase Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 65; Value: 54 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->62<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">By: <FONT STYLE="text-transform: uppercase">Samuel A. Ramirez&nbsp;&amp;
    Company,&nbsp;Inc.</FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">/s/ Richard Viton</TD>
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Richard Viton</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Managing Director</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&nbsp;to Purchase Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P>

<!-- Field: Page; Sequence: 66; Value: 54 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->63<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">By: <FONT STYLE="text-transform: uppercase">Academy Securities,&nbsp;Inc.</FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">/s/ Michael Boyd</TD>
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Michael Boyd</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Chief Compliance Officer</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">[Signature Page&nbsp;to Purchase Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 67; Value: 54 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->64<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">By: <FONT STYLE="text-transform: uppercase">R. Seelaus&nbsp;&amp;
    Co., LLC</FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">/s/ James Brucia</TD>
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: James Brucia</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Managing Director</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signature Page&nbsp;to Purchase Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 68; Value: 54 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">S-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->65<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SCHEDULE A</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Principal<BR>
 amount of <BR>
2029 Notes</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Principal<BR>
 amount of <BR>
2041 Notes</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 74%; text-align: left">Barclays Bank PLC&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&pound;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">36,750,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&pound;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">36,750,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">BNP Paribas&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">26,250,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">26,250,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Merrill Lynch International&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">26,250,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">26,250,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Goldman Sachs&nbsp;&amp; Co. LLC&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">26,250,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">26,250,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Wells Fargo Securities International Limited&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">26,250,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">26,250,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Citigroup Global Markets Limited&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">14,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">14,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">J.P. Morgan Securities plc&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">14,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">14,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Mizuho International plc&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">14,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">14,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">RBC Europe Limited&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">14,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">14,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">The Bank of Nova Scotia, London Branch&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">14,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">14,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">The Toronto-Dominion Bank&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">14,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">14,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Banco Bilbao Vizcaya Argentaria, S.A.&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">11,200,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">11,200,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">PNC Capital Markets LLC&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">11,200,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">11,200,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Regions Securities LLC&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">11,200,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">11,200,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Banco Santander, S.A.&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">11,200,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">11,200,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">U.S. Bancorp Investments,&nbsp;Inc.&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">11,200,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">11,200,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">BNY Mellon Capital Markets, LLC&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">8,750,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">8,750,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Huntington Securities,&nbsp;Inc.&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">8,750,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">8,750,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Morgan Stanley&nbsp;&amp; Co. International plc&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">8,750,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">8,750,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Truist Securities,&nbsp;Inc.&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">8,750,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">8,750,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Bank of Montreal, London Branch&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">7,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">7,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Citizens JMP Securities, LLC&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">7,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">7,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">UBS AG London Branch&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">7,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">7,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Moelis&nbsp;&amp; Company LLC&#9;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">3,500,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">3,500,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Comerica Securities,&nbsp;Inc.</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">2,625,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">2,625,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Samuel A. Ramirez&nbsp;&amp; Company,&nbsp;Inc.</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">2,625,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">2,625,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Academy Securities,&nbsp;Inc.</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1,750,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">1,750,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">R. Seelaus&nbsp;&amp; Co., LLC</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,750,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,750,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">Total</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">&pound;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">350,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">&pound;</TD><TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">350,000,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Sch A-1</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 69; Options: NewSection -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SCHEDULE B</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Pricing Schedule</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
initial public offering price for the 2029 Notes shall be 99.139% of the principal amount thereof, plus accrued interest, if any, from
and including September&nbsp;4, 2024 (the &ldquo;2029 Notes Public Offering Price&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
purchase price to be paid for the 2029 Notes by the several Underwriters shall be 98.489% of the principal amount thereof (being an amount
equal to the 2029 Notes Public Offering Price set forth in paragraph 1 above less an underwriting discount of 0.650% of the principal
amount thereof).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
initial public offering price for the 2041 Notes shall be 96.211% of the principal amount thereof, plus accrued interest, if any, from
and including September&nbsp;4, 2024 (the &ldquo;2041 Notes Public Offering Price&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt">The
purchase price to be paid for the 2041 Notes by the several Underwriters shall be 95.561% of the principal amount thereof (being an amount
equal to the 2041 Notes Public Offering Price set forth in paragraph 3 above less an underwriting discount of 0.650% of the principal
amount thereof).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Sch B-1</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 70 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SCHEDULE C</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Issuer Free Writing Prospectus<BR>
Filed Pursuant to Rule&nbsp;433<BR>
Registration No.&nbsp;333-277150<BR>
August&nbsp;27, 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REALTY INCOME CORPORATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PRICING TERM SHEET</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">5.000% Notes due 2029</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">5.250% Notes due 2041</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">This free writing prospectus relates only to
the securities described below and should be read together with Realty Income Corporation&rsquo;s preliminary prospectus supplement dated
August&nbsp;27, 2024 (the &ldquo;Preliminary Prospectus Supplement&rdquo;), the accompanying prospectus dated February&nbsp;16, 2024
(the &ldquo;Prospectus&rdquo;) and the documents incorporated and deemed to be incorporated by reference therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; width: 30%; vertical-align: top">Issuer:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 70%; text-align: left">Realty Income Corporation (the &ldquo;Company&rdquo;)</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">Securities:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">5.000% Notes due 2029 (the &ldquo;2029 notes&rdquo;)<BR> 5.250% Notes due 2041 (the &ldquo;2041 notes&rdquo;)<BR> <BR> The 2029 notes and the 2041 notes (collectively, the &ldquo;notes&rdquo;) will each constitute a separate series of the Company&rsquo;s debt securities under the indenture governing the notes.</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: left">Trade Date:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">August&nbsp;27, 2024</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: left">Expected Settlement Date:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">September&nbsp;4, 2024</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: left">Delayed Settlement:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">The Company expects that the delivery of the notes will be made against payment therefor on or about the settlement date specified above, which will be the fifth business day following the date of this pricing term sheet. Under rules&nbsp;of the U.S. Securities and Exchange Commission (the &ldquo;SEC&rdquo;), trades in the secondary market generally are required to settle in one business day, unless the parties to that trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes before the business day prior to the settlement date specified above will be required, by virtue of the fact that the normal settlement date for that trade would occur prior to the closing date for the issuance of the notes, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement, and should consult their own advisors with respect to these matters.</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: left">Offering Format:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">SEC registered</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: left">Net Proceeds:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Approximately &pound;679.2 million after deducting the underwriting discount but before deducting other estimated expenses payable by the Company.</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top">Use of Proceeds:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">The Company intends to use the net proceeds it receives from this offering for general corporate purposes, which may include, among other things, the repayment or repurchase of the Company&rsquo;s indebtedness (including borrowings under the Company&rsquo;s revolving credit facility), foreign currency swaps or other hedging instruments, the development, redevelopment and acquisition of additional properties and other acquisition or business combination transactions, and the expansion and improvement of certain properties in the Company&rsquo;s portfolio. For information concerning potential conflicts of interest that may arise from the use of proceeds to repay borrowings under the Company&rsquo;s revolving credit facility or other indebtedness, see &ldquo;Underwriting (Conflicts of Interest)&thinsp;&mdash;&thinsp;Other Relationships&rdquo; and &ldquo;Underwriting (Conflicts of Interest)&thinsp;&mdash;&thinsp;Conflicts of Interest&rdquo; in the Preliminary Prospectus Supplement.</TD></TR>
  </TABLE>


<P STYLE="text-indent: 0; font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">Sch C-1</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0"></P>

<!-- Field: Page; Sequence: 71 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; width: 30%; text-align: left">Principal Amount:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 70%; text-align: left">2029 notes: &pound;350,000,000<BR> 2041 notes: &pound;350,000,000</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">Denominations:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">2029 notes: &pound;100,000 and integral multiples of &pound;1,000 in excess thereof<BR> 2041 notes: &pound;100,000 and integral multiples of &pound;1,000 in excess thereof</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">Maturity Date:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">2029 notes: October&nbsp;15, 2029<BR> 2041 notes: September&nbsp;4, 2041</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">Day Count Convention:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">2029 notes: ACTUAL/ACTUAL (ICMA)<BR> 2041 notes: ACTUAL/ACTUAL (ICMA)</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">Interest Rate:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">2029 notes: 5.000% per annum, accruing from September&nbsp;4, 2024<BR> 2041 notes: 5.250% per annum, accruing from September&nbsp;4, 2024</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">Interest Payment Dates:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">2029 notes: Annually on October&nbsp;15, commencing October&nbsp;15, 2024<BR> 2041 notes: Annually on September&nbsp;4, commencing September&nbsp;4, 2025</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">Price to Public:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">2029 notes: 99.139%, plus accrued interest, if any<BR> 2041 notes: 96.211%, plus accrued interest, if any</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">Benchmark Security:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">2029 notes: UKT 0.875% due October&nbsp;22, 2029<BR> 2041 notes: UKT 1.250% due October&nbsp;22, 2041</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">Benchmark Security Price/Yield:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">2029 notes: 86.721 / 3.733%<BR> 2041 notes: 63.032 / 4.325%</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">Spread to Benchmark Security:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">2029 notes: +140 basis points<BR> 2041 notes: +120 basis points</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">Semi-Annual Yield:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">2029 notes: 5.133%<BR> 2041 notes: 5.525%</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">Annual Yield:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">2029 notes: 5.199%<BR> 2041 notes: 5.601%</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">Optional Redemption:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Prior to August&nbsp;15,
2029 (the &ldquo;2029 Notes Par Call Date&rdquo;), the 2029 notes will be redeemable and, prior to June&nbsp;4, 2041 (the &ldquo;2041
Notes Par Call Date&rdquo;), the 2041 notes will be redeemable, in each case at any time in whole or from time to time in part at the
option of the Company at a redemption price equal to the greater of:</TD></TR>
  </TABLE>


<P STYLE="text-indent: 0; font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 33%"></TD><TD STYLE="width: 3%">(a)</TD><TD STYLE="width: 64%">100% of the principal amount of the notes of the applicable series
                                            to be redeemed, and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Sch C-2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 72 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 33%"></TD><TD STYLE="width: 3%">(b)</TD><TD STYLE="width: 64%">the sum of the present values of the remaining scheduled payments of
                                            principal of and interest on the notes of such series to be redeemed (exclusive of interest
                                            accrued to the applicable redemption date), assuming that the notes of such series matured
                                            and that accrued and unpaid interest on the notes of such series was payable on the 2029
                                            Notes Par Call Date, in the case of the 2029 notes, or the 2041 Notes Par Call Date, in the
                                            case of the 2041 notes, discounted to such redemption date on an annual basis (ACTUAL/ACTUAL
                                            (ICMA)) at the Comparable Government Bond Rate (as such term is defined under the caption
                                            &ldquo;Description of Notes&mdash;Optional Redemption&rdquo; in the Preliminary Prospectus
                                            Supplement) plus 25 basis points, in the case of the 2029 notes, or 20 basis points, in the
                                            case of the 2041 notes,</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 30%; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 70%; text-align: left">plus, in the case of both clauses (a)&nbsp;and (b)&nbsp;above, accrued and unpaid interest on the principal amount of the notes of the applicable series being redeemed to such redemption date.</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">On and after the 2029 Notes Par Call Date, the 2029 notes will be redeemable and, on and after the 2041 Notes Par Call Date, the 2041 notes will be redeemable, in each case at any time in whole or from time to time in part at the option of the Company at a redemption price equal to 100% of the principal amount of the notes of the applicable series to be redeemed, plus accrued and unpaid interest on the principal amount of the notes of such series being redeemed to the applicable redemption date.</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">See the information under the caption &ldquo;Description of Notes&mdash;Optional Redemption&rdquo; in the Preliminary Prospectus Supplement for further terms and provisions applicable to optional redemption of the notes.</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">Tax Redemption:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">The notes of each series will be redeemable, in whole but not in part, at the option of the Company in the event of certain changes in United States taxation at a redemption price equal to 100% of the principal amount of the notes of such series, plus accrued and unpaid interest on the notes of such series to the applicable redemption date. See &quot;Description of Notes&mdash;Redemption for Changes in Taxes&quot; in the Preliminary Prospectus Supplement for further terms and provisions applicable to redemption of the notes under these circumstances.</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 30%; vertical-align: top">CUSIP:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 70%; text-align: left">2029 notes: 756109 CR3<BR> 2041 notes: 756109 CS1</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">ISIN:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">2029 notes: XS2892950622<BR> 2041 notes: XS2892952917</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">Common Code:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">2029 notes: 289295062<BR> 2041 notes: 289295291</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">Listing:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">The Company intends to apply to list the notes on the New York Stock Exchange. No application will be made by the Company for the notes to be listed, quoted and/or admitted to trading on or by any stock exchange or other competent authority in the European Economic Area.</TD></TR>
  </TABLE>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Sch C-3</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 73 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Underwriters</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; width: 30%; text-align: left">Joint Book-Running Managers:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 70%; text-align: left">Barclays Bank PLC<BR> BNP Paribas<BR> Merrill Lynch International<BR> Goldman Sachs&nbsp;&amp; Co. LLC<BR> Wells Fargo Securities International Limited<BR> Citigroup Global Markets Limited<BR> J.P. Morgan Securities plc<BR> Mizuho International plc<BR> RBC Europe Limited<BR> The Bank of Nova Scotia, London Branch<BR> The Toronto-Dominion Bank</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: left">Co-Lead Managers:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Banco Bilbao Vizcaya Argentaria, S.A.<BR> PNC Capital Markets LLC<BR> Regions Securities LLC<BR> Banco Santander, S.A.<BR> U.S. Bancorp Investments,&nbsp;Inc.</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: left">Senior Co-Managers:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">BNY Mellon Capital Markets, LLC<BR> Huntington Securities,&nbsp;Inc.<BR> Morgan Stanley&nbsp;&amp; Co. International plc<BR> Truist Securities,&nbsp;Inc.</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top">Co-Managers:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Bank of Montreal, London Branch<BR> Citizens JMP Securities, LLC<BR> UBS AG London Branch<BR> Moelis&nbsp;&amp; Company LLC<BR> Comerica Securities,&nbsp;Inc.<BR> Samuel A. Ramirez&nbsp;&amp; Company,&nbsp;Inc.<BR> Academy Securities,&nbsp;Inc.<BR> R. Seelaus&nbsp;&amp; Co., LLC</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">An affiliate of BNY Mellon Capital Markets, LLC, one of the underwriters,
is the trustee under the indenture governing the notes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Comerica Securities,&nbsp;Inc., a Financial Industry Regulatory Authority,&nbsp;Inc.
member, is paying a referral fee to an affiliated entity, Comerica Bank, which is a lender under the Company&rsquo;s $4.25 billion revolving
credit facility.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Associated Investment Services,&nbsp;Inc. (AIS), a Financial Industry
Regulatory Authority,&nbsp;Inc. member, an indirect, wholly owned subsidiary of Associated Banc-Corp, is being paid a referral fee by
Samuel A. Ramirez&nbsp;&amp; Company,&nbsp;Inc. A subsidiary of Associated Banc-Corp is a lender under the Company&rsquo;s $4.25 billion
revolving credit facility.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The issuer has filed a registration statement (including a prospectus)
with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration
statement and the related prospectus supplement and other documents the issuer has filed with the SEC for more complete information about
the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively,
the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and related prospectus
supplement if you request it by contacting Barclays Bank PLC by telephone at 1-888-603-5847, BNP Paribas by telephone at 1-800-854-5674,
Merrill Lynch International by telephone at 1-800-294-1322, Goldman Sachs&nbsp;&amp; Co. LLC by telephone at 1-866-471-2526 or Wells
Fargo Securities International Limited by telephone at +44 20 3942 8530.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Sch C-4</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 74 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>UK
MiFIR &ndash; professionals / ECPs-only / No PRIIPs or UK PRIIPs KID</B></FONT> &ndash; Manufacturer target market (UK MiFIR product
governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs or UK PRIIPs key information
document (KID) has been prepared as the notes are not available to retail investors in EEA or UK.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The communication of this free writing prospectus, the Preliminary
Prospectus, the Prospectus and any other documents or materials relating to the issue of the notes is not being made, and has not been
approved, by an authorized person for the purposes of section 21 of the United Kingdom&rsquo;s Financial Services and Markets Act 2000,
as amended. Accordingly, this free writing prospectus, the Preliminary Prospectus, the Prospectus and any other documents or materials
relating to the issue of the notes are not being distributed to, and must not be passed on to, the general public in the United Kingdom.
This free writing prospectus, the Preliminary Prospectus, the Prospectus and any other documents or materials relating to the issue of
the notes are for distribution only to persons who (i)&nbsp;have professional experience in matters relating to investments and who fall
within the definition of investment professionals (as defined in Article&nbsp;19(5)&nbsp;of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005, as amended (the &ldquo;Financial Promotion Order&rdquo;)), (ii)&nbsp;fall within Article&nbsp;49(2)(a)&nbsp;to
(d)&nbsp;of the Financial Promotion Order, (iii)&nbsp;are outside the United Kingdom, or (iv)&nbsp;are other persons to whom they may
otherwise lawfully be distributed under the Financial Promotion Order (all such persons together being referred to as &ldquo;relevant
persons&rdquo;). This free writing prospectus, the Preliminary Prospectus, the Prospectus and any other documents or materials relating
to the issue of the notes are directed only at relevant persons and must not be acted on or relied on by persons who are not relevant
persons. Any investment or investment activity to which this free writing prospectus, the Preliminary Prospectus, the Prospectus and
any other documents or materials relating to the issue of the notes relates will be engaged in only with relevant persons. Any person
that is not a relevant person should not act or rely on this free writing prospectus, the Preliminary Prospectus, the Prospectus or any
other documents or materials relating to the issue of the notes described herein or any of their contents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Sch C-5</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 75 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SCHEDULE D</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Issuer General Use Free Writing Prospectuses</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.</TD><TD>Issuer Free Writing Prospectus dated August&nbsp;27, 2024 setting forth
                                            certain terms of the Securities.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Sch D-1</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 76; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>3
<FILENAME>o-20240827.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" ?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.23a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
    <!-- Field: Doc-Info; Name: Misc; Value: +aA5w7xRiXgen8uLa3ZcWayHGbOdzZR+KYkxtmBybTnqLyslq47I5iAKxkKGAW0A -->
<schema xmlns="http://www.w3.org/2001/XMLSchema" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:dei="http://xbrl.sec.gov/dei/2023" xmlns:us-gaap="http://fasb.org/us-gaap/2023" xmlns:srt="http://fasb.org/srt/2023" xmlns:srt-types="http://fasb.org/srt-types/2023" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2022-03-31" xmlns:o="http://realtyincome.com/20240827" elementFormDefault="qualified" targetNamespace="http://realtyincome.com/20240827">
    <annotation>
      <appinfo>
        <link:roleType roleURI="http://realtyincome.com/role/Cover" id="Cover">
          <link:definition>00000001 - Document - Cover</link:definition>
          <link:usedOn>link:presentationLink</link:usedOn>
          <link:usedOn>link:calculationLink</link:usedOn>
          <link:usedOn>link:definitionLink</link:usedOn>
        </link:roleType>
        <link:linkbaseRef xlink:type="simple" xlink:href="o-20240827_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Presentation Links" />
        <link:linkbaseRef xlink:type="simple" xlink:href="o-20240827_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Label Links" />
        <link:linkbaseRef xlink:type="simple" xlink:href="o-20240827_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Definition Links" />
      </appinfo>
    </annotation>
    <import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" />
    <import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" />
    <import namespace="http://xbrl.sec.gov/dei/2023" schemaLocation="https://xbrl.sec.gov/dei/2023/dei-2023.xsd" />
    <import namespace="http://fasb.org/us-gaap/2023" schemaLocation="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd" />
    <import namespace="http://fasb.org/us-types/2023" schemaLocation="https://xbrl.fasb.org/us-gaap/2023/elts/us-types-2023.xsd" />
    <import namespace="http://www.xbrl.org/dtr/type/2022-03-31" schemaLocation="https://www.xbrl.org/dtr/type/2022-03-31/types.xsd" />
    <import namespace="http://xbrl.sec.gov/country/2023" schemaLocation="https://xbrl.sec.gov/country/2023/country-2023.xsd" />
    <import namespace="http://fasb.org/srt/2023" schemaLocation="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd" />
    <import namespace="http://fasb.org/srt-types/2023" schemaLocation="https://xbrl.fasb.org/srt/2023/elts/srt-types-2023.xsd" />
    <element id="o_Series6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember" name="Series6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="o_Notes1.125PercentDue2027Member" name="Notes1.125PercentDue2027Member" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="o_Notes1.875PercentDue2027Member" name="Notes1.875PercentDue2027Member" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="o_Notes1.625PercentDue2030Member" name="Notes1.625PercentDue2030Member" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="o_Notes4.875PercentDue2030Member" name="Notes4.875PercentDue2030Member" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="o_Notes5.750PercentDue2031Member" name="Notes5.750PercentDue2031Member" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="o_Notes1.750PercentDue2033Member" name="Notes1.750PercentDue2033Member" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="o_Notes5.125PercentDue2034Member" name="Notes5.125PercentDue2034Member" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="o_Notes6.000PercentDue2039Member" name="Notes6.000PercentDue2039Member" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
    <element id="o_Notes2.500PercentDue2042Member" name="Notes2.500PercentDue2042Member" nillable="true" xbrli:periodType="duration" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" />
</schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.DEF
<SEQUENCE>4
<FILENAME>o-20240827_def.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION DEFINITION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.23a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef roleURI="http://realtyincome.com/role/Cover" xlink:href="o-20240827.xsd#Cover" xlink:type="simple" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#hypercube-dimension" arcroleURI="http://xbrl.org/int/dim/arcrole/hypercube-dimension" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-domain" arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-domain" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#domain-member" arcroleURI="http://xbrl.org/int/dim/arcrole/domain-member" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#all" arcroleURI="http://xbrl.org/int/dim/arcrole/all" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#notAll" arcroleURI="http://xbrl.org/int/dim/arcrole/notAll" />
    <link:arcroleRef xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-default" arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-default" />
    <link:definitionLink xlink:type="extended" xlink:role="http://realtyincome.com/role/Cover" xlink:title="00000001 - Document - Cover">
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentInformationLineItems" xlink:label="loc_deiDocumentInformationLineItems" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xbrldt:contextElement="segment" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_us-gaapStatementTable" xlink:type="arc" order="10" xbrldt:closed="true" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="loc_us-gaapStatementClassOfStockAxis" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapStatementClassOfStockAxis" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaapClassOfStockDomain" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_us-gaapStatementClassOfStockAxis" xlink:to="loc_us-gaapClassOfStockDomain" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaapClassOfStockDomain_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xbrldt:contextElement="segment" xlink:from="loc_us-gaapStatementClassOfStockAxis" xlink:to="loc_us-gaapClassOfStockDomain_10" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockMember" xlink:label="loc_us-gaapCommonStockMember_10" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_us-gaapCommonStockMember_10" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="o-20240827.xsd#o_Series6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember" xlink:label="loc_oSeries6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember_20" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oSeries6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember_20" xlink:type="arc" order="21" />
      <link:loc xlink:type="locator" xlink:href="o-20240827.xsd#o_Notes1.125PercentDue2027Member" xlink:label="loc_oNotes1.125PercentDue2027Member_30" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes1.125PercentDue2027Member_30" xlink:type="arc" order="31" />
      <link:loc xlink:type="locator" xlink:href="o-20240827.xsd#o_Notes1.875PercentDue2027Member" xlink:label="loc_oNotes1.875PercentDue2027Member_40" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes1.875PercentDue2027Member_40" xlink:type="arc" order="41" />
      <link:loc xlink:type="locator" xlink:href="o-20240827.xsd#o_Notes1.625PercentDue2030Member" xlink:label="loc_oNotes1.625PercentDue2030Member_50" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes1.625PercentDue2030Member_50" xlink:type="arc" order="51" />
      <link:loc xlink:type="locator" xlink:href="o-20240827.xsd#o_Notes4.875PercentDue2030Member" xlink:label="loc_oNotes4.875PercentDue2030Member_60" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes4.875PercentDue2030Member_60" xlink:type="arc" order="61" />
      <link:loc xlink:type="locator" xlink:href="o-20240827.xsd#o_Notes5.750PercentDue2031Member" xlink:label="loc_oNotes5.750PercentDue2031Member_70" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes5.750PercentDue2031Member_70" xlink:type="arc" order="71" />
      <link:loc xlink:type="locator" xlink:href="o-20240827.xsd#o_Notes1.750PercentDue2033Member" xlink:label="loc_oNotes1.750PercentDue2033Member_80" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes1.750PercentDue2033Member_80" xlink:type="arc" order="81" />
      <link:loc xlink:type="locator" xlink:href="o-20240827.xsd#o_Notes5.125PercentDue2034Member" xlink:label="loc_oNotes5.125PercentDue2034Member_90" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes5.125PercentDue2034Member_90" xlink:type="arc" order="91" />
      <link:loc xlink:type="locator" xlink:href="o-20240827.xsd#o_Notes6.000PercentDue2039Member" xlink:label="loc_oNotes6.000PercentDue2039Member_100" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes6.000PercentDue2039Member_100" xlink:type="arc" order="101" />
      <link:loc xlink:type="locator" xlink:href="o-20240827.xsd#o_Notes2.500PercentDue2042Member" xlink:label="loc_oNotes2.500PercentDue2042Member_110" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes2.500PercentDue2042Member_110" xlink:type="arc" order="111" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentType" xlink:label="loc_deiDocumentType_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentType_130" xlink:type="arc" order="0" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AmendmentFlag" xlink:label="loc_deiAmendmentFlag_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiAmendmentFlag_130" xlink:type="arc" order="1" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AmendmentDescription" xlink:label="loc_deiAmendmentDescription_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiAmendmentDescription_130" xlink:type="arc" order="2" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentRegistrationStatement" xlink:label="loc_deiDocumentRegistrationStatement_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentRegistrationStatement_130" xlink:type="arc" order="3" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentAnnualReport" xlink:label="loc_deiDocumentAnnualReport_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentAnnualReport_130" xlink:type="arc" order="4" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentQuarterlyReport" xlink:label="loc_deiDocumentQuarterlyReport_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentQuarterlyReport_130" xlink:type="arc" order="5" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentTransitionReport" xlink:label="loc_deiDocumentTransitionReport_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentTransitionReport_130" xlink:type="arc" order="6" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentShellCompanyReport" xlink:label="loc_deiDocumentShellCompanyReport_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentShellCompanyReport_130" xlink:type="arc" order="7" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentShellCompanyEventDate" xlink:label="loc_deiDocumentShellCompanyEventDate_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentShellCompanyEventDate_130" xlink:type="arc" order="8" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentPeriodStartDate" xlink:label="loc_deiDocumentPeriodStartDate_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentPeriodStartDate_130" xlink:type="arc" order="9" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_deiDocumentPeriodEndDate_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentPeriodEndDate_130" xlink:type="arc" order="10" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_deiDocumentFiscalPeriodFocus_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentFiscalPeriodFocus_130" xlink:type="arc" order="11" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_deiDocumentFiscalYearFocus_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentFiscalYearFocus_130" xlink:type="arc" order="12" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_deiCurrentFiscalYearEndDate_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiCurrentFiscalYearEndDate_130" xlink:type="arc" order="13" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFileNumber" xlink:label="loc_deiEntityFileNumber_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityFileNumber_130" xlink:type="arc" order="14" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityRegistrantName" xlink:label="loc_deiEntityRegistrantName_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityRegistrantName_130" xlink:type="arc" order="15" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCentralIndexKey" xlink:label="loc_deiEntityCentralIndexKey_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityCentralIndexKey_130" xlink:type="arc" order="16" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityPrimarySicNumber" xlink:label="loc_deiEntityPrimarySicNumber_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityPrimarySicNumber_130" xlink:type="arc" order="17" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityTaxIdentificationNumber" xlink:label="loc_deiEntityTaxIdentificationNumber_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityTaxIdentificationNumber_130" xlink:type="arc" order="18" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="loc_deiEntityIncorporationStateCountryCode_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityIncorporationStateCountryCode_130" xlink:type="arc" order="19" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine1" xlink:label="loc_deiEntityAddressAddressLine1_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressAddressLine1_130" xlink:type="arc" order="20" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine2" xlink:label="loc_deiEntityAddressAddressLine2_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressAddressLine2_130" xlink:type="arc" order="21" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine3" xlink:label="loc_deiEntityAddressAddressLine3_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressAddressLine3_130" xlink:type="arc" order="22" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressCityOrTown" xlink:label="loc_deiEntityAddressCityOrTown_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressCityOrTown_130" xlink:type="arc" order="23" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressStateOrProvince" xlink:label="loc_deiEntityAddressStateOrProvince_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressStateOrProvince_130" xlink:type="arc" order="24" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressCountry" xlink:label="loc_deiEntityAddressCountry_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressCountry_130" xlink:type="arc" order="25" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressPostalZipCode" xlink:label="loc_deiEntityAddressPostalZipCode_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressPostalZipCode_130" xlink:type="arc" order="26" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CountryRegion" xlink:label="loc_deiCountryRegion_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiCountryRegion_130" xlink:type="arc" order="27" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CityAreaCode" xlink:label="loc_deiCityAreaCode_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiCityAreaCode_130" xlink:type="arc" order="28" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_LocalPhoneNumber" xlink:label="loc_deiLocalPhoneNumber_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiLocalPhoneNumber_130" xlink:type="arc" order="29" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Extension" xlink:label="loc_deiExtension_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiExtension_130" xlink:type="arc" order="30" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_WrittenCommunications" xlink:label="loc_deiWrittenCommunications_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiWrittenCommunications_130" xlink:type="arc" order="31" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SolicitingMaterial" xlink:label="loc_deiSolicitingMaterial_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiSolicitingMaterial_130" xlink:type="arc" order="32" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementTenderOffer" xlink:label="loc_deiPreCommencementTenderOffer_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiPreCommencementTenderOffer_130" xlink:type="arc" order="33" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="loc_deiPreCommencementIssuerTenderOffer_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiPreCommencementIssuerTenderOffer_130" xlink:type="arc" order="34" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Security12bTitle" xlink:label="loc_deiSecurity12bTitle_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiSecurity12bTitle_130" xlink:type="arc" order="35" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_NoTradingSymbolFlag" xlink:label="loc_deiNoTradingSymbolFlag_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiNoTradingSymbolFlag_130" xlink:type="arc" order="36" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_TradingSymbol" xlink:label="loc_deiTradingSymbol_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiTradingSymbol_130" xlink:type="arc" order="37" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SecurityExchangeName" xlink:label="loc_deiSecurityExchangeName_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiSecurityExchangeName_130" xlink:type="arc" order="38" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Security12gTitle" xlink:label="loc_deiSecurity12gTitle_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiSecurity12gTitle_130" xlink:type="arc" order="39" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SecurityReportingObligation" xlink:label="loc_deiSecurityReportingObligation_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiSecurityReportingObligation_130" xlink:type="arc" order="40" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AnnualInformationForm" xlink:label="loc_deiAnnualInformationForm_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiAnnualInformationForm_130" xlink:type="arc" order="41" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="loc_deiAuditedAnnualFinancialStatements_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiAuditedAnnualFinancialStatements_130" xlink:type="arc" order="42" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="loc_deiEntityWellKnownSeasonedIssuer_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityWellKnownSeasonedIssuer_130" xlink:type="arc" order="43" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityVoluntaryFilers" xlink:label="loc_deiEntityVoluntaryFilers_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityVoluntaryFilers_130" xlink:type="arc" order="44" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCurrentReportingStatus" xlink:label="loc_deiEntityCurrentReportingStatus_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityCurrentReportingStatus_130" xlink:type="arc" order="45" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityInteractiveDataCurrent" xlink:label="loc_deiEntityInteractiveDataCurrent_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityInteractiveDataCurrent_130" xlink:type="arc" order="46" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFilerCategory" xlink:label="loc_deiEntityFilerCategory_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityFilerCategory_130" xlink:type="arc" order="47" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntitySmallBusiness" xlink:label="loc_deiEntitySmallBusiness_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntitySmallBusiness_130" xlink:type="arc" order="48" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityEmergingGrowthCompany" xlink:label="loc_deiEntityEmergingGrowthCompany_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityEmergingGrowthCompany_130" xlink:type="arc" order="49" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityExTransitionPeriod" xlink:label="loc_deiEntityExTransitionPeriod_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityExTransitionPeriod_130" xlink:type="arc" order="50" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentAccountingStandard" xlink:label="loc_deiDocumentAccountingStandard_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentAccountingStandard_130" xlink:type="arc" order="51" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_OtherReportingStandardItemNumber" xlink:label="loc_deiOtherReportingStandardItemNumber_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiOtherReportingStandardItemNumber_130" xlink:type="arc" order="52" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityShellCompany" xlink:label="loc_deiEntityShellCompany_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityShellCompany_130" xlink:type="arc" order="53" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityPublicFloat" xlink:label="loc_deiEntityPublicFloat_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityPublicFloat_130" xlink:type="arc" order="54" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityBankruptcyProceedingsReportingCurrent" xlink:label="loc_deiEntityBankruptcyProceedingsReportingCurrent_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityBankruptcyProceedingsReportingCurrent_130" xlink:type="arc" order="55" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="loc_deiEntityCommonStockSharesOutstanding_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityCommonStockSharesOutstanding_130" xlink:type="arc" order="56" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentsIncorporatedByReferenceTextBlock" xlink:label="loc_deiDocumentsIncorporatedByReferenceTextBlock_130" />
      <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentsIncorporatedByReferenceTextBlock_130" xlink:type="arc" order="57" />
    </link:definitionLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>5
<FILENAME>o-20240827_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.23a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" roleURI="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" roleURI="http://www.xbrl.org/2009/role/netLabel" />
    <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="us-gaap_StatementClassOfStockAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementClassOfStockAxis" xlink:to="us-gaap_StatementClassOfStockAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementClassOfStockAxis_lbl" xml:lang="en-US">Class of Stock [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockMember" xlink:label="us-gaap_CommonStockMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockMember" xlink:to="us-gaap_CommonStockMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockMember_lbl" xml:lang="en-US">Common Stock [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="o-20240827.xsd#o_Series6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember" xlink:label="o_Series6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="o_Series6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember" xlink:to="o_Series6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="o_Series6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember_lbl" xml:lang="en-US">Series 6. 000 Percent A Cumulative Redeemable Preferred Stock 0. 01 Par Value [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="o-20240827.xsd#o_Notes1.125PercentDue2027Member" xlink:label="o_Notes1.125PercentDue2027Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="o_Notes1.125PercentDue2027Member" xlink:to="o_Notes1.125PercentDue2027Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="o_Notes1.125PercentDue2027Member_lbl" xml:lang="en-US">Notes 1. 125 Percent Due 2027 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="o-20240827.xsd#o_Notes1.875PercentDue2027Member" xlink:label="o_Notes1.875PercentDue2027Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="o_Notes1.875PercentDue2027Member" xlink:to="o_Notes1.875PercentDue2027Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="o_Notes1.875PercentDue2027Member_lbl" xml:lang="en-US">Notes 1. 875 Percent Due 2027 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="o-20240827.xsd#o_Notes1.625PercentDue2030Member" xlink:label="o_Notes1.625PercentDue2030Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="o_Notes1.625PercentDue2030Member" xlink:to="o_Notes1.625PercentDue2030Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="o_Notes1.625PercentDue2030Member_lbl" xml:lang="en-US">Notes 1. 625 Percent Due 2030 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="o-20240827.xsd#o_Notes4.875PercentDue2030Member" xlink:label="o_Notes4.875PercentDue2030Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="o_Notes4.875PercentDue2030Member" xlink:to="o_Notes4.875PercentDue2030Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="o_Notes4.875PercentDue2030Member_lbl" xml:lang="en-US">Notes 4. 875 Percent Due 2030 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="o-20240827.xsd#o_Notes5.750PercentDue2031Member" xlink:label="o_Notes5.750PercentDue2031Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="o_Notes5.750PercentDue2031Member" xlink:to="o_Notes5.750PercentDue2031Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="o_Notes5.750PercentDue2031Member_lbl" xml:lang="en-US">Notes 5. 750 Percent Due 2031 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="o-20240827.xsd#o_Notes1.750PercentDue2033Member" xlink:label="o_Notes1.750PercentDue2033Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="o_Notes1.750PercentDue2033Member" xlink:to="o_Notes1.750PercentDue2033Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="o_Notes1.750PercentDue2033Member_lbl" xml:lang="en-US">Notes 1. 750 Percent Due 2033 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="o-20240827.xsd#o_Notes5.125PercentDue2034Member" xlink:label="o_Notes5.125PercentDue2034Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="o_Notes5.125PercentDue2034Member" xlink:to="o_Notes5.125PercentDue2034Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="o_Notes5.125PercentDue2034Member_lbl" xml:lang="en-US">Notes 5. 125 Percent Due 2034 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="o-20240827.xsd#o_Notes6.000PercentDue2039Member" xlink:label="o_Notes6.000PercentDue2039Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="o_Notes6.000PercentDue2039Member" xlink:to="o_Notes6.000PercentDue2039Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="o_Notes6.000PercentDue2039Member_lbl" xml:lang="en-US">Notes 6. 000 Percent Due 2039 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="o-20240827.xsd#o_Notes2.500PercentDue2042Member" xlink:label="o_Notes2.500PercentDue2042Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="o_Notes2.500PercentDue2042Member" xlink:to="o_Notes2.500PercentDue2042Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="o_Notes2.500PercentDue2042Member_lbl" xml:lang="en-US">Notes 2. 500 Percent Due 2042 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementTable" xlink:label="us-gaap_StatementTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_StatementTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementTable_lbl" xml:lang="en-US">Statement [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentInformationLineItems" xlink:label="dei_DocumentInformationLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentInformationLineItems" xlink:to="dei_DocumentInformationLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentInformationLineItems_lbl" xml:lang="en-US">Document Information [Line Items]</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentType" xlink:label="dei_DocumentType" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en-US">Document Type</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US">Amendment Flag</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AmendmentDescription" xlink:label="dei_AmendmentDescription" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentDescription" xlink:to="dei_AmendmentDescription_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentDescription_lbl" xml:lang="en-US">Amendment Description</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentRegistrationStatement" xlink:label="dei_DocumentRegistrationStatement" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentRegistrationStatement" xlink:to="dei_DocumentRegistrationStatement_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentRegistrationStatement_lbl" xml:lang="en-US">Document Registration Statement</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentAnnualReport" xlink:label="dei_DocumentAnnualReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAnnualReport" xlink:to="dei_DocumentAnnualReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAnnualReport_lbl" xml:lang="en-US">Document Annual Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentQuarterlyReport" xlink:label="dei_DocumentQuarterlyReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentQuarterlyReport" xlink:to="dei_DocumentQuarterlyReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentQuarterlyReport_lbl" xml:lang="en-US">Document Quarterly Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentTransitionReport" xlink:label="dei_DocumentTransitionReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentTransitionReport" xlink:to="dei_DocumentTransitionReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentTransitionReport_lbl" xml:lang="en-US">Document Transition Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentShellCompanyReport" xlink:label="dei_DocumentShellCompanyReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentShellCompanyReport" xlink:to="dei_DocumentShellCompanyReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentShellCompanyReport_lbl" xml:lang="en-US">Document Shell Company Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentShellCompanyEventDate" xlink:label="dei_DocumentShellCompanyEventDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentShellCompanyEventDate" xlink:to="dei_DocumentShellCompanyEventDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentShellCompanyEventDate_lbl" xml:lang="en-US">Document Shell Company Event Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentPeriodStartDate" xlink:label="dei_DocumentPeriodStartDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodStartDate" xlink:to="dei_DocumentPeriodStartDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodStartDate_lbl" xml:lang="en-US">Document Period Start Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US">Document Period End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US">Document Fiscal Period Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US">Document Fiscal Year Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US">Current Fiscal Year End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFileNumber" xlink:label="dei_EntityFileNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFileNumber" xlink:to="dei_EntityFileNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFileNumber_lbl" xml:lang="en-US">Entity File Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US">Entity Registrant Name</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US">Entity Central Index Key</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityPrimarySicNumber" xlink:label="dei_EntityPrimarySicNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPrimarySicNumber" xlink:to="dei_EntityPrimarySicNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPrimarySicNumber_lbl" xml:lang="en-US">Entity Primary SIC Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityTaxIdentificationNumber" xlink:label="dei_EntityTaxIdentificationNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xml:lang="en-US">Entity Tax Identification Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="dei_EntityIncorporationStateCountryCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine1" xlink:label="dei_EntityAddressAddressLine1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine1_lbl" xml:lang="en-US">Entity Address, Address Line One</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine2" xlink:label="dei_EntityAddressAddressLine2" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine2" xlink:to="dei_EntityAddressAddressLine2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine2_lbl" xml:lang="en-US">Entity Address, Address Line Two</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine3" xlink:label="dei_EntityAddressAddressLine3" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine3" xlink:to="dei_EntityAddressAddressLine3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine3_lbl" xml:lang="en-US">Entity Address, Address Line Three</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressCityOrTown" xlink:label="dei_EntityAddressCityOrTown" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCityOrTown" xlink:to="dei_EntityAddressCityOrTown_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCityOrTown_lbl" xml:lang="en-US">Entity Address, City or Town</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressStateOrProvince" xlink:label="dei_EntityAddressStateOrProvince" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressStateOrProvince" xlink:to="dei_EntityAddressStateOrProvince_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressStateOrProvince_lbl" xml:lang="en-US">Entity Address, State or Province</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressCountry" xlink:label="dei_EntityAddressCountry" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCountry" xlink:to="dei_EntityAddressCountry_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCountry_lbl" xml:lang="en-US">Entity Address, Country</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressPostalZipCode" xlink:label="dei_EntityAddressPostalZipCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressPostalZipCode_lbl" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CountryRegion" xlink:label="dei_CountryRegion" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CountryRegion" xlink:to="dei_CountryRegion_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CountryRegion_lbl" xml:lang="en-US">Country Region</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CityAreaCode" xlink:label="dei_CityAreaCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CityAreaCode" xlink:to="dei_CityAreaCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CityAreaCode_lbl" xml:lang="en-US">City Area Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_LocalPhoneNumber" xlink:label="dei_LocalPhoneNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_LocalPhoneNumber_lbl" xml:lang="en-US">Local Phone Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Extension" xlink:label="dei_Extension" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Extension" xlink:to="dei_Extension_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Extension_lbl" xml:lang="en-US">Extension</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_WrittenCommunications" xlink:label="dei_WrittenCommunications" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_WrittenCommunications" xlink:to="dei_WrittenCommunications_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_WrittenCommunications_lbl" xml:lang="en-US">Written Communications</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SolicitingMaterial" xlink:label="dei_SolicitingMaterial" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SolicitingMaterial" xlink:to="dei_SolicitingMaterial_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SolicitingMaterial_lbl" xml:lang="en-US">Soliciting Material</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementTenderOffer" xlink:label="dei_PreCommencementTenderOffer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementTenderOffer" xlink:to="dei_PreCommencementTenderOffer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementTenderOffer_lbl" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="dei_PreCommencementIssuerTenderOffer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Security12bTitle" xlink:label="dei_Security12bTitle" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12bTitle" xlink:to="dei_Security12bTitle_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12bTitle_lbl" xml:lang="en-US">Title of 12(b) Security</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_NoTradingSymbolFlag" xlink:label="dei_NoTradingSymbolFlag" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_NoTradingSymbolFlag" xlink:to="dei_NoTradingSymbolFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_NoTradingSymbolFlag_lbl" xml:lang="en-US">No Trading Symbol Flag</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_TradingSymbol" xlink:label="dei_TradingSymbol" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US">Trading Symbol</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SecurityExchangeName" xlink:label="dei_SecurityExchangeName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityExchangeName" xlink:to="dei_SecurityExchangeName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityExchangeName_lbl" xml:lang="en-US">Security Exchange Name</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Security12gTitle" xlink:label="dei_Security12gTitle" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12gTitle" xlink:to="dei_Security12gTitle_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12gTitle_lbl" xml:lang="en-US">Title of 12(g) Security</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SecurityReportingObligation" xlink:label="dei_SecurityReportingObligation" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityReportingObligation" xlink:to="dei_SecurityReportingObligation_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityReportingObligation_lbl" xml:lang="en-US">Security Reporting Obligation</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AnnualInformationForm" xlink:label="dei_AnnualInformationForm" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AnnualInformationForm" xlink:to="dei_AnnualInformationForm_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AnnualInformationForm_lbl" xml:lang="en-US">Annual Information Form</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="dei_AuditedAnnualFinancialStatements" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AuditedAnnualFinancialStatements" xlink:to="dei_AuditedAnnualFinancialStatements_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AuditedAnnualFinancialStatements_lbl" xml:lang="en-US">Audited Annual Financial Statements</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="dei_EntityWellKnownSeasonedIssuer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="dei_EntityWellKnownSeasonedIssuer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityWellKnownSeasonedIssuer_lbl" xml:lang="en-US">Entity Well-known Seasoned Issuer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityVoluntaryFilers" xlink:label="dei_EntityVoluntaryFilers" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityVoluntaryFilers" xlink:to="dei_EntityVoluntaryFilers_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityVoluntaryFilers_lbl" xml:lang="en-US">Entity Voluntary Filers</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCurrentReportingStatus_lbl" xml:lang="en-US">Entity Current Reporting Status</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityInteractiveDataCurrent" xlink:label="dei_EntityInteractiveDataCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityInteractiveDataCurrent" xlink:to="dei_EntityInteractiveDataCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xml:lang="en-US">Entity Interactive Data Current</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US">Entity Filer Category</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntitySmallBusiness" xlink:label="dei_EntitySmallBusiness" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntitySmallBusiness" xlink:to="dei_EntitySmallBusiness_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntitySmallBusiness_lbl" xml:lang="en-US">Entity Small Business</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityEmergingGrowthCompany" xlink:label="dei_EntityEmergingGrowthCompany" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xml:lang="en-US">Entity Emerging Growth Company</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityExTransitionPeriod" xlink:label="dei_EntityExTransitionPeriod" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityExTransitionPeriod" xlink:to="dei_EntityExTransitionPeriod_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityExTransitionPeriod_lbl" xml:lang="en-US">Elected Not To Use the Extended Transition Period</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentAccountingStandard" xlink:label="dei_DocumentAccountingStandard" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAccountingStandard" xlink:to="dei_DocumentAccountingStandard_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAccountingStandard_lbl" xml:lang="en-US">Document Accounting Standard</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_OtherReportingStandardItemNumber" xlink:label="dei_OtherReportingStandardItemNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_OtherReportingStandardItemNumber" xlink:to="dei_OtherReportingStandardItemNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_OtherReportingStandardItemNumber_lbl" xml:lang="en-US">Other Reporting Standard Item Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityShellCompany" xlink:label="dei_EntityShellCompany" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityShellCompany" xlink:to="dei_EntityShellCompany_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityShellCompany_lbl" xml:lang="en-US">Entity Shell Company</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityPublicFloat" xlink:label="dei_EntityPublicFloat" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPublicFloat" xlink:to="dei_EntityPublicFloat_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPublicFloat_lbl" xml:lang="en-US">Entity Public Float</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityBankruptcyProceedingsReportingCurrent" xlink:label="dei_EntityBankruptcyProceedingsReportingCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityBankruptcyProceedingsReportingCurrent" xlink:to="dei_EntityBankruptcyProceedingsReportingCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityBankruptcyProceedingsReportingCurrent_lbl" xml:lang="en-US">Entity Bankruptcy Proceedings, Reporting Current</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="dei_EntityCommonStockSharesOutstanding_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xml:lang="en-US">Entity Common Stock, Shares Outstanding</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentsIncorporatedByReferenceTextBlock" xlink:label="dei_DocumentsIncorporatedByReferenceTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentsIncorporatedByReferenceTextBlock" xlink:to="dei_DocumentsIncorporatedByReferenceTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentsIncorporatedByReferenceTextBlock_lbl" xml:lang="en-US">Documents Incorporated by Reference [Text Block]</link:label>
    </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>6
<FILENAME>o-20240827_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.23a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef roleURI="http://realtyincome.com/role/Cover" xlink:href="o-20240827.xsd#Cover" xlink:type="simple" />
    <link:presentationLink xlink:type="extended" xlink:role="http://realtyincome.com/role/Cover" xlink:title="00000001 - Document - Cover">
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CoverAbstract" xlink:label="loc_deiCoverAbstract" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaapStatementTable" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_us-gaapStatementTable" order="100" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentInformationLineItems" xlink:label="loc_deiDocumentInformationLineItems" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_deiDocumentInformationLineItems" order="200" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="loc_us-gaapStatementClassOfStockAxis" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementTable" xlink:to="loc_us-gaapStatementClassOfStockAxis" order="10" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaapClassOfStockDomain" />
      <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapStatementClassOfStockAxis" xlink:to="loc_us-gaapClassOfStockDomain" order="0" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd#us-gaap_CommonStockMember" xlink:label="loc_us-gaapCommonStockMember" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_us-gaapCommonStockMember" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="o-20240827.xsd#o_Series6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember" xlink:label="loc_oSeries6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oSeries6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="o-20240827.xsd#o_Notes1.125PercentDue2027Member" xlink:label="loc_oNotes1.125PercentDue2027Member" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes1.125PercentDue2027Member" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="o-20240827.xsd#o_Notes1.875PercentDue2027Member" xlink:label="loc_oNotes1.875PercentDue2027Member" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes1.875PercentDue2027Member" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="o-20240827.xsd#o_Notes1.625PercentDue2030Member" xlink:label="loc_oNotes1.625PercentDue2030Member" />
      <link:presentationArc order="60" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes1.625PercentDue2030Member" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="o-20240827.xsd#o_Notes4.875PercentDue2030Member" xlink:label="loc_oNotes4.875PercentDue2030Member" />
      <link:presentationArc order="70" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes4.875PercentDue2030Member" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="o-20240827.xsd#o_Notes5.750PercentDue2031Member" xlink:label="loc_oNotes5.750PercentDue2031Member" />
      <link:presentationArc order="80" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes5.750PercentDue2031Member" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="o-20240827.xsd#o_Notes1.750PercentDue2033Member" xlink:label="loc_oNotes1.750PercentDue2033Member" />
      <link:presentationArc order="90" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes1.750PercentDue2033Member" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="o-20240827.xsd#o_Notes5.125PercentDue2034Member" xlink:label="loc_oNotes5.125PercentDue2034Member" />
      <link:presentationArc order="100" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes5.125PercentDue2034Member" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="o-20240827.xsd#o_Notes6.000PercentDue2039Member" xlink:label="loc_oNotes6.000PercentDue2039Member" />
      <link:presentationArc order="110" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes6.000PercentDue2039Member" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="o-20240827.xsd#o_Notes2.500PercentDue2042Member" xlink:label="loc_oNotes2.500PercentDue2042Member" />
      <link:presentationArc order="120" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaapClassOfStockDomain" xlink:to="loc_oNotes2.500PercentDue2042Member" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentType" xlink:label="loc_deiDocumentType" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentType" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AmendmentFlag" xlink:label="loc_deiAmendmentFlag" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiAmendmentFlag" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AmendmentDescription" xlink:label="loc_deiAmendmentDescription" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiAmendmentDescription" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentRegistrationStatement" xlink:label="loc_deiDocumentRegistrationStatement" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentRegistrationStatement" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentAnnualReport" xlink:label="loc_deiDocumentAnnualReport" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentAnnualReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentQuarterlyReport" xlink:label="loc_deiDocumentQuarterlyReport" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentQuarterlyReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentTransitionReport" xlink:label="loc_deiDocumentTransitionReport" />
      <link:presentationArc order="60" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentTransitionReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentShellCompanyReport" xlink:label="loc_deiDocumentShellCompanyReport" />
      <link:presentationArc order="70" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentShellCompanyReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentShellCompanyEventDate" xlink:label="loc_deiDocumentShellCompanyEventDate" />
      <link:presentationArc order="80" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentShellCompanyEventDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentPeriodStartDate" xlink:label="loc_deiDocumentPeriodStartDate" />
      <link:presentationArc order="90" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentPeriodStartDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_deiDocumentPeriodEndDate" />
      <link:presentationArc order="100" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentPeriodEndDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_deiDocumentFiscalPeriodFocus" />
      <link:presentationArc order="110" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentFiscalPeriodFocus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_deiDocumentFiscalYearFocus" />
      <link:presentationArc order="120" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentFiscalYearFocus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_deiCurrentFiscalYearEndDate" />
      <link:presentationArc order="130" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiCurrentFiscalYearEndDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFileNumber" xlink:label="loc_deiEntityFileNumber" />
      <link:presentationArc order="140" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityFileNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityRegistrantName" xlink:label="loc_deiEntityRegistrantName" />
      <link:presentationArc order="150" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityRegistrantName" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCentralIndexKey" xlink:label="loc_deiEntityCentralIndexKey" />
      <link:presentationArc order="160" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityCentralIndexKey" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityPrimarySicNumber" xlink:label="loc_deiEntityPrimarySicNumber" />
      <link:presentationArc order="170" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityPrimarySicNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityTaxIdentificationNumber" xlink:label="loc_deiEntityTaxIdentificationNumber" />
      <link:presentationArc order="180" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityTaxIdentificationNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="loc_deiEntityIncorporationStateCountryCode" />
      <link:presentationArc order="190" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityIncorporationStateCountryCode" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine1" xlink:label="loc_deiEntityAddressAddressLine1" />
      <link:presentationArc order="200" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressAddressLine1" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine2" xlink:label="loc_deiEntityAddressAddressLine2" />
      <link:presentationArc order="210" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressAddressLine2" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine3" xlink:label="loc_deiEntityAddressAddressLine3" />
      <link:presentationArc order="220" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressAddressLine3" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressCityOrTown" xlink:label="loc_deiEntityAddressCityOrTown" />
      <link:presentationArc order="230" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressCityOrTown" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressStateOrProvince" xlink:label="loc_deiEntityAddressStateOrProvince" />
      <link:presentationArc order="240" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressStateOrProvince" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressCountry" xlink:label="loc_deiEntityAddressCountry" />
      <link:presentationArc order="250" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressCountry" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressPostalZipCode" xlink:label="loc_deiEntityAddressPostalZipCode" />
      <link:presentationArc order="260" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityAddressPostalZipCode" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CountryRegion" xlink:label="loc_deiCountryRegion" />
      <link:presentationArc order="270" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiCountryRegion" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CityAreaCode" xlink:label="loc_deiCityAreaCode" />
      <link:presentationArc order="280" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiCityAreaCode" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_LocalPhoneNumber" xlink:label="loc_deiLocalPhoneNumber" />
      <link:presentationArc order="290" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiLocalPhoneNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Extension" xlink:label="loc_deiExtension" />
      <link:presentationArc order="300" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiExtension" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_WrittenCommunications" xlink:label="loc_deiWrittenCommunications" />
      <link:presentationArc order="310" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiWrittenCommunications" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SolicitingMaterial" xlink:label="loc_deiSolicitingMaterial" />
      <link:presentationArc order="320" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiSolicitingMaterial" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementTenderOffer" xlink:label="loc_deiPreCommencementTenderOffer" />
      <link:presentationArc order="330" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiPreCommencementTenderOffer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="loc_deiPreCommencementIssuerTenderOffer" />
      <link:presentationArc order="340" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiPreCommencementIssuerTenderOffer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Security12bTitle" xlink:label="loc_deiSecurity12bTitle" />
      <link:presentationArc order="350" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiSecurity12bTitle" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_NoTradingSymbolFlag" xlink:label="loc_deiNoTradingSymbolFlag" />
      <link:presentationArc order="360" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiNoTradingSymbolFlag" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_TradingSymbol" xlink:label="loc_deiTradingSymbol" />
      <link:presentationArc order="370" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiTradingSymbol" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SecurityExchangeName" xlink:label="loc_deiSecurityExchangeName" />
      <link:presentationArc order="380" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiSecurityExchangeName" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Security12gTitle" xlink:label="loc_deiSecurity12gTitle" />
      <link:presentationArc order="390" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiSecurity12gTitle" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SecurityReportingObligation" xlink:label="loc_deiSecurityReportingObligation" />
      <link:presentationArc order="400" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiSecurityReportingObligation" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AnnualInformationForm" xlink:label="loc_deiAnnualInformationForm" />
      <link:presentationArc order="410" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiAnnualInformationForm" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="loc_deiAuditedAnnualFinancialStatements" />
      <link:presentationArc order="420" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiAuditedAnnualFinancialStatements" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="loc_deiEntityWellKnownSeasonedIssuer" />
      <link:presentationArc order="430" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityWellKnownSeasonedIssuer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityVoluntaryFilers" xlink:label="loc_deiEntityVoluntaryFilers" />
      <link:presentationArc order="440" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityVoluntaryFilers" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCurrentReportingStatus" xlink:label="loc_deiEntityCurrentReportingStatus" />
      <link:presentationArc order="450" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityCurrentReportingStatus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityInteractiveDataCurrent" xlink:label="loc_deiEntityInteractiveDataCurrent" />
      <link:presentationArc order="460" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityInteractiveDataCurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFilerCategory" xlink:label="loc_deiEntityFilerCategory" />
      <link:presentationArc order="470" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityFilerCategory" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntitySmallBusiness" xlink:label="loc_deiEntitySmallBusiness" />
      <link:presentationArc order="480" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntitySmallBusiness" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityEmergingGrowthCompany" xlink:label="loc_deiEntityEmergingGrowthCompany" />
      <link:presentationArc order="490" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityEmergingGrowthCompany" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityExTransitionPeriod" xlink:label="loc_deiEntityExTransitionPeriod" />
      <link:presentationArc order="500" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityExTransitionPeriod" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentAccountingStandard" xlink:label="loc_deiDocumentAccountingStandard" />
      <link:presentationArc order="510" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentAccountingStandard" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_OtherReportingStandardItemNumber" xlink:label="loc_deiOtherReportingStandardItemNumber" />
      <link:presentationArc order="520" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiOtherReportingStandardItemNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityShellCompany" xlink:label="loc_deiEntityShellCompany" />
      <link:presentationArc order="530" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityShellCompany" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityPublicFloat" xlink:label="loc_deiEntityPublicFloat" />
      <link:presentationArc order="540" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityPublicFloat" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityBankruptcyProceedingsReportingCurrent" xlink:label="loc_deiEntityBankruptcyProceedingsReportingCurrent" />
      <link:presentationArc order="550" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityBankruptcyProceedingsReportingCurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="loc_deiEntityCommonStockSharesOutstanding" />
      <link:presentationArc order="560" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiEntityCommonStockSharesOutstanding" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentsIncorporatedByReferenceTextBlock" xlink:label="loc_deiDocumentsIncorporatedByReferenceTextBlock" />
      <link:presentationArc order="570" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiDocumentInformationLineItems" xlink:to="loc_deiDocumentsIncorporatedByReferenceTextBlock" xlink:type="arc" />
    </link:presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>8
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.24.2.u1</span><table class="report" border="0" cellspacing="2" id="idm139794238285040">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cover<br></strong></div></th>
<th class="th"><div>Aug. 27, 2024</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Aug. 27,  2024<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">1-13374<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">REALTY
INCOME CORPORATION<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000726728<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">33-0580106<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">MD<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">11995 El Camino Real<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">San Diego<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">CA<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">92130<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">858<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">284-5000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember', window );">Common Stock [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Common
    Stock, $0.01 Par Value<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">O<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=o_Series6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember', window );">Series 6. 000 Percent A Cumulative Redeemable Preferred Stock 0. 01 Par Value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">6.000% Series A Cumulative Redeemable Preferred Stock, $0.01 Par Value<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">O
    PR<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=o_Notes1.125PercentDue2027Member', window );">Notes 1. 125 Percent Due 2027 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">1.125% Notes due 2027<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">O27A<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=o_Notes1.875PercentDue2027Member', window );">Notes 1. 875 Percent Due 2027 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">1.875% Notes due 2027<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">O27B<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=o_Notes1.625PercentDue2030Member', window );">Notes 1. 625 Percent Due 2030 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">1.625% Notes due 2030<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">O30<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=o_Notes4.875PercentDue2030Member', window );">Notes 4. 875 Percent Due 2030 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">4.875% Notes due 2030<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">O30A<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=o_Notes5.750PercentDue2031Member', window );">Notes 5. 750 Percent Due 2031 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">5.750% Notes due 2031<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">O31A<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=o_Notes1.750PercentDue2033Member', window );">Notes 1. 750 Percent Due 2033 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">1.750% Notes due 2033<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">O33A<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=o_Notes5.125PercentDue2034Member', window );">Notes 5. 125 Percent Due 2034 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">5.125% Notes due 2034<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">O34<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=o_Notes6.000PercentDue2039Member', window );">Notes 6. 000 Percent Due 2039 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">6.000% Notes due 2039<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">O39<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=o_Notes2.500PercentDue2042Member', window );">Notes 2. 500 Percent Due 2042 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">2.500% Notes due 2042<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">O42<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentInformationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentInformationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Section 14a<br> -Number 240<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_WrittenCommunications</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=o_Series6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=o_Series6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=o_Notes1.125PercentDue2027Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=o_Notes1.125PercentDue2027Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=o_Notes1.875PercentDue2027Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=o_Notes1.875PercentDue2027Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=o_Notes1.625PercentDue2030Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=o_Notes1.625PercentDue2030Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=o_Notes4.875PercentDue2030Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=o_Notes4.875PercentDue2030Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=o_Notes5.750PercentDue2031Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=o_Notes5.750PercentDue2031Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=o_Notes1.750PercentDue2033Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=o_Notes1.750PercentDue2033Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=o_Notes5.125PercentDue2034Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=o_Notes5.125PercentDue2034Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=o_Notes6.000PercentDue2039Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=o_Notes6.000PercentDue2039Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=o_Notes2.500PercentDue2042Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=o_Notes2.500PercentDue2042Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EXCEL
<SEQUENCE>9
<FILENAME>Financial_Report.xlsx
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 Financial_Report.xlsx
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MPNZ_/[&\UDX:?^:+X3]>?P%02P$"% ,4    "  LA1Q9!T%-8H$   "Q
M$               @ $     9&]C4')O<',O87!P+GAM;%!+ 0(4 Q0    (
M "R%'%D!]\R%[@   "L"   1              "  :\   !D;V-0<F]P<R]C
M;W)E+GAM;%!+ 0(4 Q0    ( "R%'%F97)PC$ 8  )PG   3
M  "  <P!  !X;"]T:&5M92]T:&5M93$N>&UL4$L! A0#%     @ +(4<6>LQ
MUG)4!P  !3(  !@              ("!#0@  'AL+W=O<FMS:&5E=',O<VAE
M970Q+GAM;%!+ 0(4 Q0    ( "R%'%F?H!OPL0(  .(,   -
M  "  9</  !X;"]S='EL97,N>&UL4$L! A0#%     @ +(4<69>*NQS
M$P(   L              ( !<Q(  %]R96QS+RYR96QS4$L! A0#%     @
M+(4<6:K$(A8S 0  (@(   \              ( !7!,  'AL+W=O<FMB;V]K
M+GAM;%!+ 0(4 Q0    ( "R%'%DD'INBK0   /@!   :              "
M ;P4  !X;"]?<F5L<R]W;W)K8F]O:RYX;6PN<F5L<U!+ 0(4 Q0    ( "R%
M'%EED'F2&0$  ,\#   3              "  :$5  !;0V]N=&5N=%]4>7!E
<<UTN>&UL4$L%!@     )  D /@(  .L6      $!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>10
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
// Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission.  Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105.
var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0);
e.removeAttribute('id');a.parentNode.appendChild(e)}}
if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'}
e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>11
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
..report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

..report table.authRefData a {
	display: block;
	font-weight: bold;
}

..report table.authRefData p {
	margin-top: 0px;
}

..report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

..report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

..report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

..report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
..pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
..report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

..report hr {
	border: 1px solid #acf;
}

/* Top labels */
..report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

..report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

..report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

..report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

..report td.pl div.a {
	width: 200px;
}

..report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
..report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
..report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
..report .re, .report .reu {
	background-color: #def;
}

..report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
..report .ro, .report .rou {
	background-color: white;
}

..report .rou td {
	border-bottom: 1px solid black;
}

..report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
..report .fn {
	white-space: nowrap;
}

/* styles for numeric types */
..report .num, .report .nump {
	text-align: right;
	white-space: nowrap;
}

..report .nump {
	padding-left: 2em;
}

..report .nump {
	padding: 0px 0.4em 0px 2em;
}

/* styles for text types */
..report .text {
	text-align: left;
	white-space: normal;
}

..report .text .big {
	margin-bottom: 1em;
	width: 17em;
}

..report .text .more {
	display: none;
}

..report .text .note {
	font-style: italic;
	font-weight: bold;
}

..report .text .small {
	width: 10em;
}

..report sup {
	font-style: italic;
}

..report .outerFootnotes {
	font-size: 1em;
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>13
<FILENAME>FilingSummary.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version='1.0' encoding='utf-8'?>
<FilingSummary>
  <Version>3.24.2.u1</Version>
  <ProcessingTime/>
  <ReportFormat>html</ReportFormat>
  <ContextCount>12</ContextCount>
  <ElementCount>22</ElementCount>
  <EntityCount>1</EntityCount>
  <FootnotesReported>false</FootnotesReported>
  <SegmentCount>11</SegmentCount>
  <ScenarioCount>0</ScenarioCount>
  <TuplesReported>false</TuplesReported>
  <UnitCount>3</UnitCount>
  <MyReports>
    <Report instance="tm2422541d2_8k.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R1.htm</HtmlFileName>
      <LongName>00000001 - Document - Cover</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://realtyincome.com/role/Cover</Role>
      <ShortName>Cover</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>1</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <LongName>All Reports</LongName>
      <ReportType>Book</ReportType>
      <ShortName>All Reports</ShortName>
    </Report>
  </MyReports>
  <InputFiles>
    <File>o-20240827.xsd</File>
    <File>o-20240827_def.xml</File>
    <File>o-20240827_lab.xml</File>
    <File>o-20240827_pre.xml</File>
    <File doctype="8-K" isOnlyDei="true" isUsgaap="true" original="tm2422541d2_8k.htm">tm2422541d2_8k.htm</File>
  </InputFiles>
  <SupplementalFiles/>
  <BaseTaxonomies>
    <BaseTaxonomy items="52">http://xbrl.sec.gov/dei/2023</BaseTaxonomy>
  </BaseTaxonomies>
  <HasPresentationLinkbase>true</HasPresentationLinkbase>
  <HasCalculationLinkbase>false</HasCalculationLinkbase>
</FilingSummary>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>JSON
<SEQUENCE>15
<FILENAME>MetaLinks.json
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
{
 "version": "2.2",
 "instance": {
  "tm2422541d2_8k.htm": {
   "nsprefix": "o",
   "nsuri": "http://realtyincome.com/20240827",
   "dts": {
    "schema": {
     "local": [
      "o-20240827.xsd"
     ],
     "remote": [
      "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xl-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xlink-2003-12-31.xsd",
      "http://www.xbrl.org/2005/xbrldt-2005.xsd",
      "http://www.xbrl.org/2006/ref-2006-02-27.xsd",
      "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd",
      "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd",
      "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd",
      "https://www.xbrl.org/dtr/type/2022-03-31/types.xsd",
      "https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd",
      "https://xbrl.fasb.org/srt/2023/elts/srt-roles-2023.xsd",
      "https://xbrl.fasb.org/srt/2023/elts/srt-types-2023.xsd",
      "https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd",
      "https://xbrl.fasb.org/us-gaap/2023/elts/us-roles-2023.xsd",
      "https://xbrl.fasb.org/us-gaap/2023/elts/us-types-2023.xsd",
      "https://xbrl.sec.gov/country/2023/country-2023.xsd",
      "https://xbrl.sec.gov/dei/2023/dei-2023.xsd"
     ]
    },
    "definitionLink": {
     "local": [
      "o-20240827_def.xml"
     ]
    },
    "labelLink": {
     "local": [
      "o-20240827_lab.xml"
     ]
    },
    "presentationLink": {
     "local": [
      "o-20240827_pre.xml"
     ]
    },
    "inline": {
     "local": [
      "tm2422541d2_8k.htm"
     ]
    }
   },
   "keyStandard": 22,
   "keyCustom": 0,
   "axisStandard": 1,
   "axisCustom": 0,
   "memberStandard": 1,
   "memberCustom": 10,
   "hidden": {
    "total": 2,
    "http://xbrl.sec.gov/dei/2023": 2
   },
   "contextCount": 12,
   "entityCount": 1,
   "segmentCount": 11,
   "elementCount": 74,
   "unitCount": 3,
   "baseTaxonomies": {
    "http://xbrl.sec.gov/dei/2023": 52
   },
   "report": {
    "R1": {
     "role": "http://realtyincome.com/role/Cover",
     "longName": "00000001 - Document - Cover",
     "shortName": "Cover",
     "isDefault": "true",
     "groupType": "document",
     "subGroupType": "",
     "menuCat": "Cover",
     "order": "1",
     "firstAnchor": {
      "contextRef": "AsOf2024-08-27",
      "name": "dei:DocumentType",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "b",
       "span",
       "p",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "tm2422541d2_8k.htm",
      "first": true,
      "unique": true
     },
     "uniqueAnchor": {
      "contextRef": "AsOf2024-08-27",
      "name": "dei:DocumentType",
      "unitRef": null,
      "xsiNil": "false",
      "lang": "en-US",
      "decimals": null,
      "ancestors": [
       "span",
       "b",
       "span",
       "p",
       "body",
       "html"
      ],
      "reportCount": 1,
      "baseRef": "tm2422541d2_8k.htm",
      "first": true,
      "unique": true
     }
    }
   },
   "tag": {
    "dei_AmendmentDescription": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "AmendmentDescription",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Amendment Description",
        "documentation": "Description of changes contained within amended document."
       }
      }
     },
     "auth_ref": []
    },
    "dei_AmendmentFlag": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "AmendmentFlag",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Amendment Flag",
        "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission."
       }
      }
     },
     "auth_ref": []
    },
    "dei_AnnualInformationForm": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "AnnualInformationForm",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Annual Information Form",
        "documentation": "Boolean flag with value true on a form if it is an annual report containing an annual information form."
       }
      }
     },
     "auth_ref": [
      "r14"
     ]
    },
    "dei_AuditedAnnualFinancialStatements": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "AuditedAnnualFinancialStatements",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Audited Annual Financial Statements",
        "documentation": "Boolean flag with value true on a form if it is an annual report containing audited financial statements."
       }
      }
     },
     "auth_ref": [
      "r14"
     ]
    },
    "dei_CityAreaCode": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "CityAreaCode",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "City Area Code",
        "documentation": "Area code of city"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_ClassOfStockDomain": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "ClassOfStockDomain",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "auth_ref": []
    },
    "us-gaap_CommonStockMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "CommonStockMember",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Common Stock [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "dei_CountryRegion": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "CountryRegion",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Country Region",
        "documentation": "Region code of country"
       }
      }
     },
     "auth_ref": []
    },
    "dei_CoverAbstract": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "CoverAbstract",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Cover page."
       }
      }
     },
     "auth_ref": []
    },
    "dei_CurrentFiscalYearEndDate": {
     "xbrltype": "gMonthDayItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "CurrentFiscalYearEndDate",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Current Fiscal Year End Date",
        "documentation": "End date of current fiscal year in the format --MM-DD."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentAccountingStandard": {
     "xbrltype": "accountingStandardItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentAccountingStandard",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Accounting Standard",
        "documentation": "The basis of accounting the registrant has used to prepare the financial statements included in this filing This can either be 'U.S. GAAP', 'International Financial Reporting Standards', or 'Other'."
       }
      }
     },
     "auth_ref": [
      "r13"
     ]
    },
    "dei_DocumentAnnualReport": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentAnnualReport",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Annual Report",
        "documentation": "Boolean flag that is true only for a form used as an annual report."
       }
      }
     },
     "auth_ref": [
      "r11",
      "r13",
      "r14"
     ]
    },
    "dei_DocumentFiscalPeriodFocus": {
     "xbrltype": "fiscalPeriodItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentFiscalPeriodFocus",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Fiscal Period Focus",
        "documentation": "Fiscal period values are FY, Q1, Q2, and Q3.  1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentFiscalYearFocus": {
     "xbrltype": "gYearItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentFiscalYearFocus",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Fiscal Year Focus",
        "documentation": "This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentInformationLineItems": {
     "xbrltype": "stringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentInformationLineItems",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Information [Line Items]",
        "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentPeriodEndDate": {
     "xbrltype": "dateItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentPeriodEndDate",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Period End Date",
        "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentPeriodStartDate": {
     "xbrltype": "dateItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentPeriodStartDate",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Period Start Date",
        "documentation": "The start date of the period covered in the document, in YYYY-MM-DD format."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentQuarterlyReport": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentQuarterlyReport",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Quarterly Report",
        "documentation": "Boolean flag that is true only for a form used as an quarterly report."
       }
      }
     },
     "auth_ref": [
      "r12"
     ]
    },
    "dei_DocumentRegistrationStatement": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentRegistrationStatement",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Registration Statement",
        "documentation": "Boolean flag that is true only for a form used as a registration statement."
       }
      }
     },
     "auth_ref": [
      "r0"
     ]
    },
    "dei_DocumentShellCompanyEventDate": {
     "xbrltype": "dateItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentShellCompanyEventDate",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Shell Company Event Date",
        "documentation": "Date of event requiring a shell company report."
       }
      }
     },
     "auth_ref": [
      "r13"
     ]
    },
    "dei_DocumentShellCompanyReport": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentShellCompanyReport",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Shell Company Report",
        "documentation": "Boolean flag that is true for a Shell Company Report pursuant to section 13 or 15(d) of the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r13"
     ]
    },
    "dei_DocumentTransitionReport": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentTransitionReport",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Transition Report",
        "documentation": "Boolean flag that is true only for a form used as a transition report."
       }
      }
     },
     "auth_ref": [
      "r15"
     ]
    },
    "dei_DocumentType": {
     "xbrltype": "submissionTypeItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentType",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Document Type",
        "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'."
       }
      }
     },
     "auth_ref": []
    },
    "dei_DocumentsIncorporatedByReferenceTextBlock": {
     "xbrltype": "textBlockItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "DocumentsIncorporatedByReferenceTextBlock",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Documents Incorporated by Reference [Text Block]",
        "documentation": "Documents incorporated by reference."
       }
      }
     },
     "auth_ref": [
      "r3"
     ]
    },
    "dei_EntityAddressAddressLine1": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityAddressAddressLine1",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, Address Line One",
        "documentation": "Address Line 1 such as Attn, Building Name, Street Name"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressAddressLine2": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityAddressAddressLine2",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, Address Line Two",
        "documentation": "Address Line 2 such as Street or Suite number"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressAddressLine3": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityAddressAddressLine3",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, Address Line Three",
        "documentation": "Address Line 3 such as an Office Park"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressCityOrTown": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityAddressCityOrTown",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, City or Town",
        "documentation": "Name of the City or Town"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressCountry": {
     "xbrltype": "countryCodeItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityAddressCountry",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, Country",
        "documentation": "ISO 3166-1 alpha-2 country code."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressPostalZipCode": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityAddressPostalZipCode",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, Postal Zip Code",
        "documentation": "Code for the postal or zip code"
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityAddressStateOrProvince": {
     "xbrltype": "stateOrProvinceItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityAddressStateOrProvince",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Address, State or Province",
        "documentation": "Name of the state or province."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityBankruptcyProceedingsReportingCurrent": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityBankruptcyProceedingsReportingCurrent",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Bankruptcy Proceedings, Reporting Current",
        "documentation": "For registrants involved in bankruptcy proceedings during the preceding five years, the value Yes indicates that the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court; the value No indicates the registrant has not.  Registrants not involved in bankruptcy proceedings during the preceding five years should not report this element."
       }
      }
     },
     "auth_ref": [
      "r6"
     ]
    },
    "dei_EntityCentralIndexKey": {
     "xbrltype": "centralIndexKeyItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityCentralIndexKey",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Central Index Key",
        "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK."
       }
      }
     },
     "auth_ref": [
      "r2"
     ]
    },
    "dei_EntityCommonStockSharesOutstanding": {
     "xbrltype": "sharesItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityCommonStockSharesOutstanding",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Common Stock, Shares Outstanding",
        "documentation": "Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityCurrentReportingStatus": {
     "xbrltype": "yesNoItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityCurrentReportingStatus",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Current Reporting Status",
        "documentation": "Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityEmergingGrowthCompany": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityEmergingGrowthCompany",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Emerging Growth Company",
        "documentation": "Indicate if registrant meets the emerging growth company criteria."
       }
      }
     },
     "auth_ref": [
      "r2"
     ]
    },
    "dei_EntityExTransitionPeriod": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityExTransitionPeriod",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Elected Not To Use the Extended Transition Period",
        "documentation": "Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards."
       }
      }
     },
     "auth_ref": [
      "r19"
     ]
    },
    "dei_EntityFileNumber": {
     "xbrltype": "fileNumberItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityFileNumber",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity File Number",
        "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityFilerCategory": {
     "xbrltype": "filerCategoryItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityFilerCategory",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Filer Category",
        "documentation": "Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure."
       }
      }
     },
     "auth_ref": [
      "r2"
     ]
    },
    "dei_EntityIncorporationStateCountryCode": {
     "xbrltype": "edgarStateCountryItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityIncorporationStateCountryCode",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Incorporation, State or Country Code",
        "documentation": "Two-character EDGAR code representing the state or country of incorporation."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityInteractiveDataCurrent": {
     "xbrltype": "yesNoItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityInteractiveDataCurrent",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Interactive Data Current",
        "documentation": "Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files)."
       }
      }
     },
     "auth_ref": [
      "r16"
     ]
    },
    "dei_EntityPrimarySicNumber": {
     "xbrltype": "sicNumberItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityPrimarySicNumber",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Primary SIC Number",
        "documentation": "Primary Standard Industrial Classification (SIC) Number for the Entity."
       }
      }
     },
     "auth_ref": [
      "r14"
     ]
    },
    "dei_EntityPublicFloat": {
     "xbrltype": "monetaryItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityPublicFloat",
     "crdr": "credit",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Public Float",
        "documentation": "The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityRegistrantName": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityRegistrantName",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Registrant Name",
        "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC."
       }
      }
     },
     "auth_ref": [
      "r2"
     ]
    },
    "dei_EntityShellCompany": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityShellCompany",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Shell Company",
        "documentation": "Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r2"
     ]
    },
    "dei_EntitySmallBusiness": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntitySmallBusiness",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Small Business",
        "documentation": "Indicates that the company is a Smaller Reporting Company (SRC)."
       }
      }
     },
     "auth_ref": [
      "r2"
     ]
    },
    "dei_EntityTaxIdentificationNumber": {
     "xbrltype": "employerIdItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityTaxIdentificationNumber",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Tax Identification Number",
        "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS."
       }
      }
     },
     "auth_ref": [
      "r2"
     ]
    },
    "dei_EntityVoluntaryFilers": {
     "xbrltype": "yesNoItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityVoluntaryFilers",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Voluntary Filers",
        "documentation": "Indicate 'Yes' or 'No' if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act."
       }
      }
     },
     "auth_ref": []
    },
    "dei_EntityWellKnownSeasonedIssuer": {
     "xbrltype": "yesNoItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "EntityWellKnownSeasonedIssuer",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Entity Well-known Seasoned Issuer",
        "documentation": "Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A."
       }
      }
     },
     "auth_ref": [
      "r17"
     ]
    },
    "dei_Extension": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "Extension",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Extension",
        "documentation": "Extension number for local phone number."
       }
      }
     },
     "auth_ref": []
    },
    "dei_LocalPhoneNumber": {
     "xbrltype": "normalizedStringItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "LocalPhoneNumber",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Local Phone Number",
        "documentation": "Local phone number for entity."
       }
      }
     },
     "auth_ref": []
    },
    "dei_NoTradingSymbolFlag": {
     "xbrltype": "trueItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "NoTradingSymbolFlag",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "No Trading Symbol Flag",
        "documentation": "Boolean flag that is true only for a security having no trading symbol."
       }
      }
     },
     "auth_ref": []
    },
    "o_Notes1.125PercentDue2027Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://realtyincome.com/20240827",
     "localname": "Notes1.125PercentDue2027Member",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Notes 1. 125 Percent Due 2027 [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "o_Notes1.625PercentDue2030Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://realtyincome.com/20240827",
     "localname": "Notes1.625PercentDue2030Member",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Notes 1. 625 Percent Due 2030 [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "o_Notes1.750PercentDue2033Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://realtyincome.com/20240827",
     "localname": "Notes1.750PercentDue2033Member",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Notes 1. 750 Percent Due 2033 [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "o_Notes1.875PercentDue2027Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://realtyincome.com/20240827",
     "localname": "Notes1.875PercentDue2027Member",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Notes 1. 875 Percent Due 2027 [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "o_Notes2.500PercentDue2042Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://realtyincome.com/20240827",
     "localname": "Notes2.500PercentDue2042Member",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Notes 2. 500 Percent Due 2042 [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "o_Notes4.875PercentDue2030Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://realtyincome.com/20240827",
     "localname": "Notes4.875PercentDue2030Member",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Notes 4. 875 Percent Due 2030 [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "o_Notes5.125PercentDue2034Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://realtyincome.com/20240827",
     "localname": "Notes5.125PercentDue2034Member",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Notes 5. 125 Percent Due 2034 [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "o_Notes5.750PercentDue2031Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://realtyincome.com/20240827",
     "localname": "Notes5.750PercentDue2031Member",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Notes 5. 750 Percent Due 2031 [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "o_Notes6.000PercentDue2039Member": {
     "xbrltype": "domainItemType",
     "nsuri": "http://realtyincome.com/20240827",
     "localname": "Notes6.000PercentDue2039Member",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Notes 6. 000 Percent Due 2039 [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "dei_OtherReportingStandardItemNumber": {
     "xbrltype": "otherReportingStandardItemNumberItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "OtherReportingStandardItemNumber",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Other Reporting Standard Item Number",
        "documentation": "\"Item 17\" or \"Item 18\" specified when the basis of accounting is neither US GAAP nor IFRS."
       }
      }
     },
     "auth_ref": [
      "r13"
     ]
    },
    "dei_PreCommencementIssuerTenderOffer": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "PreCommencementIssuerTenderOffer",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Pre-commencement Issuer Tender Offer",
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r7"
     ]
    },
    "dei_PreCommencementTenderOffer": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "PreCommencementTenderOffer",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Pre-commencement Tender Offer",
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r8"
     ]
    },
    "dei_Security12bTitle": {
     "xbrltype": "securityTitleItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "Security12bTitle",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Title of 12(b) Security",
        "documentation": "Title of a 12(b) registered security."
       }
      }
     },
     "auth_ref": [
      "r1"
     ]
    },
    "dei_Security12gTitle": {
     "xbrltype": "securityTitleItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "Security12gTitle",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Title of 12(g) Security",
        "documentation": "Title of a 12(g) registered security."
       }
      }
     },
     "auth_ref": [
      "r5"
     ]
    },
    "dei_SecurityExchangeName": {
     "xbrltype": "edgarExchangeCodeItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "SecurityExchangeName",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Security Exchange Name",
        "documentation": "Name of the Exchange on which a security is registered."
       }
      }
     },
     "auth_ref": [
      "r4"
     ]
    },
    "dei_SecurityReportingObligation": {
     "xbrltype": "securityReportingObligationItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "SecurityReportingObligation",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Security Reporting Obligation",
        "documentation": "15(d), indicating whether the security has a reporting obligation under that section of the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r9"
     ]
    },
    "o_Series6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember": {
     "xbrltype": "domainItemType",
     "nsuri": "http://realtyincome.com/20240827",
     "localname": "Series6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Series 6. 000 Percent A Cumulative Redeemable Preferred Stock 0. 01 Par Value [Member]"
       }
      }
     },
     "auth_ref": []
    },
    "dei_SolicitingMaterial": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "SolicitingMaterial",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Soliciting Material",
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act."
       }
      }
     },
     "auth_ref": [
      "r10"
     ]
    },
    "us-gaap_StatementClassOfStockAxis": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "StatementClassOfStockAxis",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Class of Stock [Axis]"
       }
      }
     },
     "auth_ref": []
    },
    "us-gaap_StatementTable": {
     "xbrltype": "stringItemType",
     "nsuri": "http://fasb.org/us-gaap/2023",
     "localname": "StatementTable",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Statement [Table]"
       }
      }
     },
     "auth_ref": []
    },
    "dei_TradingSymbol": {
     "xbrltype": "tradingSymbolItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "TradingSymbol",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Trading Symbol",
        "documentation": "Trading symbol of an instrument as listed on an exchange."
       }
      }
     },
     "auth_ref": []
    },
    "dei_WrittenCommunications": {
     "xbrltype": "booleanItemType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "localname": "WrittenCommunications",
     "presentation": [
      "http://realtyincome.com/role/Cover"
     ],
     "lang": {
      "en-us": {
       "role": {
        "label": "Written Communications",
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act."
       }
      }
     },
     "auth_ref": [
      "r18"
     ]
    }
   }
  }
 },
 "std_ref": {
  "r0": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12"
  },
  "r1": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "b"
  },
  "r2": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "b-2"
  },
  "r3": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "b-23"
  },
  "r4": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "d1-1"
  },
  "r5": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12",
   "Subsection": "g"
  },
  "r6": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "12, 13, 15d"
  },
  "r7": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "13e",
   "Subsection": "4c"
  },
  "r8": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "14d",
   "Subsection": "2b"
  },
  "r9": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Number": "240",
   "Section": "15",
   "Subsection": "d"
  },
  "r10": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Exchange Act",
   "Section": "14a",
   "Number": "240",
   "Subsection": "12"
  },
  "r11": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form 10-K",
   "Number": "249",
   "Section": "310"
  },
  "r12": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form 10-Q",
   "Number": "240",
   "Section": "308",
   "Subsection": "a"
  },
  "r13": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form 20-F",
   "Number": "249",
   "Section": "220",
   "Subsection": "f"
  },
  "r14": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Form 40-F",
   "Number": "249",
   "Section": "240",
   "Subsection": "f"
  },
  "r15": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Forms 10-K, 10-Q, 20-F",
   "Number": "240",
   "Section": "13",
   "Subsection": "a-1"
  },
  "r16": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Regulation S-T",
   "Number": "232",
   "Section": "405"
  },
  "r17": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Securities Act",
   "Number": "230",
   "Section": "405"
  },
  "r18": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Securities Act",
   "Number": "230",
   "Section": "425"
  },
  "r19": {
   "role": "http://www.xbrl.org/2003/role/presentationRef",
   "Publisher": "SEC",
   "Name": "Securities Act",
   "Number": "7A",
   "Section": "B",
   "Subsection": "2"
  }
 }
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ZIP
<SEQUENCE>16
<FILENAME>0001104659-24-094020-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 0001104659-24-094020-xbrl.zip
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M^VYJ,1MH@!]*CGR(W+>/.YA>27209*/WDXR%(:,)SF_9?!%4K&KZ!H*59ZZ
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M+IZ3P+LA#!GSAH*9.YSO@ 8IMYI)?T;TD<=/PMO<<>9AK.Y01=N+M$$2UZ@
M=V3:(QQ00+M'F5^_462Z0AQ'M[%(ODY4PC4NB!C\W)&K/@I0)<N/!HM>SS9B
M__/F7GU7B-IM\H#7XK.LZ-$\&:MU=T&S/8,!I2ND\I]ZE3AE_8_RL^Q]]4M]
M'ZI\YT]02P,$%     @ +(4<681LJC@\#0  )J0  !(   !O+3(P,C0P.#(W
M7VQA8BYX;6S-G>]3VS@:Q]_?S/T/NMR;NYDF(0FT"]ON#J5EAUD*7$.[=]>Y
MZ2B."!X<BY&= O_]2?*/V+(>R; @:5_LLO;WD;ZR/I'D7X_?_GJ_3M /PK*8
MIN\&D]'. )$THLLX7;T;?)D/#^=')R<#E.4X7>*$IN3=(*6#7W_YZU\0_^?M
MWX9#=!R39'F /M!H>))>T9_1&5Z3 _0;20G#.64_HZ\XV8@M]#A."$-'='V;
MD)SP'47%!VAO-)UA-!SV*/<K29>4??E\4I=[G>>WV<%X?'=W-TKI#WQ'V4TV
MBNBZ7X'S'.>;K"YMYWZG_*<(?YO$Z<V!^-<"9P3QXY5F!_=9_&X@ZBVKO9N-
M*%N-ISL[D_&_/YW.HVNRQL,X%<<M(H,J2I2BBYOL[^^/Y=Y*VE'>+UA2U3$;
M5W;JDOG>V*!O.,GB@TS:.Z41SF6W6ZM!H$+\W["2#<6FX60ZG$U&]]ER4!U\
M>0093<AG<H5D,P_RAUN.4A8+$@;EMFM&KO1F$L;&(GZ<DA7.R5)4M"\JFKP6
M%?V]W'R*%R09(*'D?(#MVF^550:-79N]("RFRX_ITURKT9[L\]\.R_]$ YKQ
MSIMP27.</,E\,]*Y[3/RM".^C7-_I/DX3YYVI!N1+V([[UI^].'5']=$;#SE
M?[4LDON<3V!D69D411A&8%F#G!C*LNO2:=0J-Q&C.67=MHN9499YA;.%+'B3
M#5<8W_(*IK,Q2?*LVC(46^1!*#=\%W,C69,T/TIPEIU?S7,:W1S>QUE5CVSD
MNT$/_5AM@(@\9%4K,(LLAZ)4C"/*)[+;?)@4![T(OV)TW<M&><QH#_'W9%&7
M7QQD;@%H2$O&2$8W+"*/ZN-F:_H>U=+A.N$18L%&TN&7^> 7*4/T"DDA^B:D
M_WL[WA;MA26^[%O35%KZ1-8+PH#6:G0NV0%M-IGIB()A!7+6843J*D(*Z9]F
MA(I>W]WY:?I&]CS]/N>S/,E>C_AJFD_X$4?X\&BSWB1\X?F#C]Y+PM>ABX1<
M\&C"&%E*.SNCG<D%9G(]KB7E&<MU0=:S'P9!XK,5ZIW<YVZ)2GI1.GH]0N*<
MKJP ':)M%6A;!ZHK*7\:.SQL@GA%Q?GAR_U4SFA.LLEH,MTK+7[8$"YY _P"
M;'(W8/<S7?!JU@: 82^#*ETR"$U&B(?5</% )")?G):?WCR*%E#NE!:+Z18M
M@#8<6LP&05IXF'M:7K?)GNV8:0'E3FFQF&[1 FC#H<5L$*3E=6=LF>V\,"V[
M*MEF6@QRA[1833=H ;6AT&(SJ*=E5S>VO#@M>Z,W>SLMKQ,3+0:Y0UJLIANT
M@-I0:+$9U-.R-T(\3*5E\N(SD>IU9IZ)0+G3F<ABNC43 =I0:+$9!&<B#2VS
M%Q];E!7Y;-<\MH!RIV.+Q71K; &TH=!B,PB.+=USHMGN"]/2O(I0>-TWT6*0
M.Z3%:KI!"Z@-A1:;03TMRN69DI;]%Z9E.MIK>]V=FF@QR!W28C7=H 74AD*+
MS:">END([75HV9T^&RW/=^/L4EQ5M-W7*45>;I&U#&KOBTF%=UZ,MCK7?"L1
M^B9ESPM$1J+1BOX8+TE<L,#_V"+ _^?[!QIM1/7B.2.VEH_9G,8I.>&FU%NG
M=KD++/J:%H#8M-Y1Z6E0A:8*08T8]$U$(1GF"Z)+7J*AA<5NUY T3:E0B'U!
M0= P!':ZT#CNX$->\5)4?IS@E<:^LM]5%VMM57W<VAE$)^L<J;U<:Y 0^>KF
M#R2+6'PKQA53.UHRYYVN,=GI^X8F+ 2ZQF 2&EI/ _MGLHJSG,F)IEZQ&(8Q
M0.]ZZ#?:5N<"K3@(:/HX!&>+9A"JHSQQ=)BF&YQ\)K>4F?!IRUQ3HS.IPM+4
M!,6(QAB(1J%%A=@3$?_:8)83ECQ8H>@H77,!6%714&1!T:'W!@)2R_TR<LEP
MFL5B +-"TI4Z/]T S'9./11=4)P YN!3DEKOEY3Y-4D2\=863NT#BD[LFA;8
ML,I+5QD4,: ]D!D9@<J0<+#Y^$.LSODRJ6=C&WJ?\'1LF_BIQ<$BI#KL29$,
M0R+.$TF-E\4L#'64KND!K*K<*+*@B-%[ UDIY$CJ_4/R,5WV0J36^0%$L:G'
MHQ0%"$?;F0T-KO8)QG&<13@IO!SS;:8[,!JM:T! NRHD'6%0H$#N0%B*@(H9
M&>(5F/\0S/KATE#Z@:5C58]*+0L0%-6;#1.A]P+)T8:QEFMXQH&EKC"QF:TX
M@71!@&(QUWFSL9"W0/$T WU,\SA_$%E/SC::IXKT$E=L0.8J)M3]0;  F%(9
M*&1(Z% A]-+SU5V"-!>I9L#FJ#*W!.A-MBEH:P(B06L,H&&KE9E_O!!QQ$<F
MAI.3=$GN?R</8+LZ.K=, #;;4"BB@*C0.P.P*,5(JA&7>P'C@L5KS![F<629
M*KI"MVA 1MMLJ*J X "L 724:C0_.?(YDUSB^Y,E!S6^BHNL719*0+U;6"RV
MV\P XH#0,3L$".)!J!WE$Z23-*+LEC8>=SBB&SX /AS1);Q"L42YA:I7$]IH
M&4," JR/3P"S5NBKXID41$6V15D $B5X(>YPN>0'*BO_<QJG9 *V7ZMU2Y?!
M;ILIC3 @DF!W #^E\E7U!Q(QZ#P-!9KI(YHZ]0_-M"\TTZ"AF3X%FLL[&@@T
MLT<T=>8?FEE?:&9!0S-[$C2\X[V.-4?\SW-V2>]T#V>#2B_(=*UJ@=G*PL.E
MX\T&BP@0ZQD1XA,3N; Z9Q>,_HC3"%XR0W(OP "FM=0HVO#0T1NT\5,OB*LX
MKV--L2BW_D@JF9]1IFU2/\04FO @:1NS#BZ%VB<2%S3+<?+?^-9X(JX7>\%#
M:U@+24L9'BHZ>S9@BAC$@WR<6)>XBAL:VE?)E/W.[C;K;-6WF)L[@X! YZB;
M)K>X>E*(7'>S8)01#(P([=W..EECJN[CQKXPNKAKJ-/#\G?--3Y^R.(;',G%
M-4WA!P2Z$E<]#9FK>EO='T2/ Z;47I<R)'6>KL:+[P!D^N&[L<_9S*[:J2?R
M:D<0O:NZZ4S3U7['O?D'BW->LTBJODG+NSRZYP8!G:M>-MJL>EPK"J+W3<Y4
M$DHM:HL=8S&G21S%>9RN/O&33Q9C7:MT(E= P 8K&KJ*(%  ;74R =5"5"D=
M0W#!B("0\(Z0+P&*S[^P\ZLK[6QO$KN"PFZX@@-6!@&)U9X*"P\81HT(5(0@
M&>,7FY,LVQ#V*'@T(9X0 LT#('7T(>($F;1"503Z9&M.H@V?'Q\FT\5EG'?R
MT^DESN8DP%P](RG[@V #,*6R(/>)+S--IO]8_!-548Z[_XQ>,BP^\3E_6"]H
M F2?TJI<06"P6'&@D02! NRKF\L2E5)4:'UDIVJ9U31'V>\* *VMJNM;.X/H
M=)VCSH^_U=>>AOR/]]$U-T6 %Q+T,M=#O\ZD.OPW-4$@8##6_215(465UL<+
M"=LI:V5?!*R\+0)6ED7 *L1%P*KO(F#E;1%055ND".'CTODBB5<82$YH5+N&
MPF!9Y4,C#0H5V!\X9M0A:!OC.J.E3''62)-[S/_0M!+0.<MI:;)9)[74B8)@
MQ.2LD]:R2#K7S%PLU*ZYV"SCG"P+,\=QBM,HQDF='E%W1=P>XHR6GN9K<"SZ
M,!CJ9[*#4Q%6Y3*L [>I+EU?2B\>P/B#),GO*;U+YP1G-"7+XEJ*[DZ16>_V
MB1F+[?9#,X X")SZ. 0>G1%!PQL1A:JP\DJ8%Y*^TF23YIC)=\F9;F0"=&[)
M 6RVB5%$ 9&B=P804HM1H?;S@G:1/:)>9(D!3YL"QBQW_+JVT;3RUK96&Q S
M1H/0.]QESH_MVKB(\O2*94X8CL27I3_@')?>P/9"<M<O59I,JV]3ZK0!(60T
M"+X_6<>(5#&X8LI;RAAVQ)=:*VIX2EQ1N4\<T['8S1U32P+"0^?+D$&&H4KK
MA87Y&B?)^TT6IR2#)R)%Y98%K<4V"RU)0"SH? $L2"FJM%Y8^+@F;,6GM]\8
MO<NOR_RL8-L M5LVC);;C&BE ;%B\@<P4X6@(J9*J>L'GOMM0O$BRR+<4HW4
M,3:@6869CBXD8"!S'5H2$HGK+6<T1Y<4?<D(RJ\)DH^S+OGV1B;XHAQ?7QJ)
M(O%"1+$J3Y>8Z1 RB9U_=00TW/GV2$<9!$A6>_!W2.H(5(4XIN:<,\R:YW'2
MA/B6'OBV@SW$%4%]S5<<V?1!T-33I,J4#&N?7,M ^5U$G]F,FLGMX25>2^1X
M9:PQJ"R,&XH@& %M0<OBYK<"_.3.VRR2.#I.*(:OLK0TCC/F=>TIR?*V@H (
MZ+J"4N1)(9)*+_W_'J<W;'.;1P\7C$:$B*>LLGJTLEU_ZQGMEIE'-:E-4Z_0
M@#A[C%^ P&T1J%'&J\:,Y?-BGGAH7&1SH]'-_!KS WB^R3,Q@W)C\%5P8Y#C
MVPL]&J#<9#!$!(1>#YO0#0<9B63H*U0$HT:TI_.S;)L%D"S?/WPF5X2)]PXN
MR7W^GE=T8SC#Z!'K^NRM=W/4DSEK8! 0/M8M=*J7H68!:"&>$2N+0-]$(4B6
MHOM^>7/3*?^+;ZXV\7\M<$;XEO\#4$L#!!0    ( "R%'%G*+A&('PD  (MQ
M   2    ;RTR,#(T,#@R-U]P<F4N>&ULU5U=4^,X%GV?JOT/F<QSOJ%IF&:G
MZ !3J>EN&,+T[.Y+EV*+1(4BI20;DG\_DIV$Q+:D&R"1E@<(]KW2/>?(LJXL
M.9]^FT]I[0D+23@[KW>:[7H-LXC'A(W/ZW\-&Q?#_F!0K\D$L1A1SO!YG?'Z
M;__^UT\U]?/IYT:C=DTPC<]JESQJ#-@#_[7V#4WQ6>UWS+! "1>_UKXCFNHC
M_)I0+&I]/IU1G&!U(J_XK';<[/90K=$ E/L=LYB+O^X&ZW(G23*39ZW6\_-S
MD_$G],S%HVQ&? HK<)B@))7KTMKS]O(G=_]$"7L\T[]&2.*:XHO)L[DDYW5=
M[[+:YUZ3BW&KVVYW6O_Y^F483? 4-0C3O$6XOO+2I53Y=4Y/3UO9V95IR7(^
M$G151Z^U"F==LCI++/8;D4AR)K/POO ()9GLSFIJ1@O]7V-EUM"'&IUNH]=I
MSF5<7Y&?,2@XQ7?XH:;_*O76M0J,:+(@JM%-L1:MI0U:?:X:I8HV<YT(_'!>
MYZKX[E'[8_=$%_[+ED6RF*F6*8EN6/5::ZOBF< 2LR3#^D4=V'+!\T2U)QRO
M"M*5[Q):0A+ML&PQG5I#-Z]TJNI3'W/+93"K<"B/MB*@6@9>P+IJTAG9$D?-
M,7]JQ9@HTKL]_4%ST<MX4/_\R"JZ&,E$H"A9E431"-.L_!_*IF#2>G-4#TB.
MLG:0RL88H5D>&J:)7!UYB7%YX(>^U+ FYQZ-M%"E0)>&1;MBM)N27HCMR)&(
M5@6KCUMZEIOOTJ(U0T*5UX@FA*Z;PH/@4Q-]RPJY-6HN8BQ4I]INOP??[E:P
M:GFZ<Q/357O' Q64K&X4=@_/K!M8W:;>"6(I0O=]1'A3H^]3).7-PS#AT>/%
MG%1I4L1<=OE_$,6-8GUI^!)E,Z1+/D6$F=6HL@U,!E/3*BA2A60IA3\E^'3*
M61;25SP=O=Q:*X0HF[IT6%_^>U+ W(Z*U)M@;K215PE0&!;Q'T,L")8?FFH\
M<HM%I#!<]--I2A4G3VH$%F,U]E,7[:WRQD+@.(NIW6QW;I'(QL!&&?B[%0V4
MK>=/MO?#NB>9O_$$RTZSTSU>AG>98F5R8E;/Y0$4Y<BC*##0^^+ZX\FN7!L]
M@%P?^^?: 7I?7'_8EKC7=G)M] !R_<$_UP[0^^'ZJ"BQDVN+!Y#K$]]<.T'O
MA^OCYLEQ>ZO:CH-KBP>0ZX^^N7:"WE<?4JRVY^Q#C!Y KD]]<^T$O:]V7;@E
M]XZ<[=KH >0ZFU?QW+ =J/=#]N:8-*_VU$&VQ0-*=L<WV4[4^R&[VSS>KO:H
MZR#;X@$EVV.ZZL3P/F2_<FKS7I5HG\K,+8!$OSO-SNE(X^SE)K(#DWNAZH]U
M#-<4C:O9+9B >VC__%:"\T7P)9:1(#,=LX/G+4MODUQOH+L"JJ<^XPZ/B7YN
MHT-93YC:.Q&#B[=9J]=W*U;PG@2Y8"Q%] [/N'#HL&WI;7[J]?170?7$^I\I
M$@D6= $AOF3L;;[J]=P; /L:N0C$)-&Q0_@O6WN;Q'K#D,8 V9,"PPFF5*\]
M0@QT#539>YO>>KT*9M@!Z'#UI(<*ZK8$EV+#Q=L$V/NH40+O21"5YQ$>J]&!
M $A1,O8V,_9Z$0R O=)_Q6(H^6M3?Q-E;^6^@-83\]=$1HCF$5VK8XY54A7F
M_F;/7J^ $;57%?Z+D0!KL&'L;TKMK0J4$!^8_WXJQ%8PUB[(; U5((2TV(7Y
MP!)<L80D"[TJ_EMJF%-69F4K*.4AI,(FC%ZH7DV'L$2O_;?17;2$4AY"!FS#
MZH7VOHI=(#I@,9[_@1<VWDNF4.)#R'RM:+TP?RO(%(G%D$3N'J9L"^4^A'S7
MCM<+^?=H/H@5 O) \JTV;@V,+E I0DAV0>B]*#)@$1<SOC$?WN>INEH7?1Y;
M;P<.1Z@Z(63!.S#A1:.+.%;LR>4?C:1C4Z;2'/S$+!@]+*@#4:&[FPI=N HA
M9,=.U(&HT-M-A1Y<A1 R9"=JGRKTU<<;<<^?#0_OC<90!4+(D!V(??*?W:5N
MQ*W@3R3?R^P2H>0!52*<Q-F.W>OED(\7(-?"RA)*?SA)=#56G[3?<ID@^C\R
M<PU9J^VA$H233MMP'WK*-&\&>F;%M(*K8 *E.X0,NA+=H1G6@@N,S(U[VP+*
M;PAI<16V ]/[A>M'/Q/.K!/.92LHS2'DMR:,A^ZT]9M%I+&?V#@-7E88 +DE
M5 =F]6]!$A6!WDV=LN6\DN&1H<$4RG8(2:D5[8&9'W)*(I(0-OZJAJ*"(%I-
M>Y4=E/,04E SS@,3?BNP%AZKX7ZVFDZ_ITC</#R8>FV;/52 $#)0-VZ_0@RD
M3+'858X*+Z@H(22C4 X.W2GA*%5]Y*+3'=WK-W$9NJ22%93Z$!)1$\8#4_V-
MWPNDWPLX7$Q'G)KW"E4:0@D/(>VT(#TPYUMQ5+-=,('R'$*^68G.4P=R-8\F
MB(VQ>5E(M264[Q#R3QM6;_WV&-1OCW?LMT/(0TT8/5&=K_U7U]O-B)(Q,N]!
MM#J ]V %)( %^:$W@F;;P3;"OU8?JE4PF$+Y#R%[M:(]-/-I3!(<YR%=$X98
MI#*[]8Y(PQ2"VPNJ1PB9+90#+T\W_L:4_L'X,QMB)#G#<9YBV!YP&%V@HH20
M[8+0>U'D.Z>I(DUD:W>%X0HQF$(5""&UM:+ULUPV7Z6^OF_E;RBW"6#R@.H0
M0IX+P>YIT6""]6N?R1.^1 E:1FB3P^0!E2.$+!B"W=MV"=%7-ZTQMZ\^*!A"
MR0\A-;8@]<+Y<(HH_9Q*%;*T=D0%0RCG(:3'%J1>.+^:8C%6/>#O@C\GD^6>
M81OW!@>H!B'DS #D?K28O[S,(-\Y:16BPAK\ HUP5#!B]O7>F"C2*U3R00&+
MD3"(8+.'RA!"_NS&?6 A;I()%ILCLRP8';YM-8G;"RI*"$DTE ,_M^F-MTM8
M[]);=E#ZPTF7JW#ZV5Z7CBB)KBE'UGQ@RPQ*=SBY<05*+VQ_1NQ1I+,D6MP*
M'F&LGQ[)];4(R,N !4 5"B=KWHD9/W,:+]]_,9PH#N1-FF3?*J?BL\YL6/V@
M2H634$-X\#2^DB][ G'\>7&GO]A"+_BXQ_/DLZKHT3[< KA#Y0HA!=^9E0K5
M/K5*,%65C^KL\HS^I;\Y3QWY!U!+ P04    "  LA1Q9VJ)&A. >  #?Q0
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M!7G&;H /9Q9D%<SF[S%2;-@\!8#N$![7-[H\#!@9WX2S UM)>^_0\WY-VRJ
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M=TGCM'EVVJQ?')R>) AFRW0@*[L#X()WGW"/X'>;4)O8)I-Q\D$AJIY2'9N
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M72.P\!A]TG?LA7Q'75$L9MO>/_@;JT*TW[BNYQ]U[4BJWK1?[C?6IOU&1 ?
MM1>JU3+9U4B#]E3=@.$&U6*\Q^K47%$^BL$&?#RU+HR^'LV>5*_\^N;6[RM]
MZ>7L56+9&S>?KIU#;W=4UC$2<R1%<<1]U:EU!NF-JLLQF52IY/:>'AK[YSO:
M$C.I]5B^)SJ9KC4 OD!<5VD,]U/,UZ.8/S.@1]JM:L8GD<I]Z=OEY=ZY<OF*
M%*0:RUFH!^E:52H4\W$!#N-&"L/<BE<9ASJF!1)131CALP&37?R!!#P&Y\3L
MUX^JWZ$?6HD;)J!MU"U&XU5IW\CY?:7Q6!UV7ZQ**32G&VPS75LO3_U&T-/
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M?(U2D:P@EY5-?HA>OISBA55^*XB)MX+@B9V<$GC8C!1!*^INIA%1/*IG7"]
M-KL4J2:XE>\-;P?<]=24FE#3[+.U_5K[O%)#U(D^0ZIR/Z#[U?Q/-BR_@Q/[
MRA'G.D<R,_>XJ7>.C#D&W9YAHG@$\(2]I[B]JU-'N';!FIG&9+S<43?X&5&N
MS7@I:-8[*!9*VBH_ U9<=XNJXFUI0VR\KT+3"#D=.((W%GM4;:@'/H+J,IYV
M2&49+V-!E-H.U15J*;8X(E:9>4!5<86.#JB:.@\Q2Q(=J.:CX!T?RYWV^Y7D
M M=GW,\:.-8G\M@?Z???SSHI@0^@&61[$TH_N'C\'!#E,N")W;0V8L]9"KI_
MO(-TRMVO<?<Y?=MO^$8K[U[@J=8M1N\S+0:&"CTT>8^#+:Y%-(B]>&:+04@L
M% V+5F*K=@ 9+EG'<QW$!3'\,CQ[@5=]OH7?]QZ"=V=(-)\MJSJ,6G0R<6'A
M:@JOW7"&_,:;'MZ'.[[V9@7]*)X>+^4WO5#)OQ4VOQ ^VN!Y';ABBHX9W"V$
M ]JQF#AHD?OZ;6K)&AW:\$&_)V='C56R?7*&!V:H+0K\'#/+4C4M=334Y2[T
M 8CJO'&JK9)]0U. >7).Y:XM1/8OVC,WH9-9<G34('B3[S4>%$CV0"!&, L,
MD2)':@\O)5[%C-1BIL5LZ"'_X;[-N4QY7#;#[T;<>C&%'P39AQ:891,-SPE3
M\+G%U+"P+@/E?!JKH>#5YT>.815/L"DN.'[4NHK'87+>;. -GV"Y($V"PBAN
M%LOY5<AS\'\"P4Q#G=$.T.E@/!]?/4%[&%*1";Q>KSP]#2Q5L;G4ZZA*D[LI
M2H4LN>CR^RX M1#]^6#!4;&Z(UB5-0,P PV<,\C"<=R6*GFX)+;;^@4AWN=?
MG#A/_6N:B!@%4FO(B2!YR!@5GGO8BTKFEV.H$S:YI>)MR'U(=#)'AG&/G(Q&
MV>!UU(_O=19X>"(,V5+A^X@1/>$+#'#D0%7=QMR3BU7SQ&J/Q,J=$Q@M JL'
MHP=\Z]GXF:4^(M #ON0(_O%N-FABG.QA3IGB0\MJ>36<B$J5^NSQ+?=!,"K!
M?'F56WFX?F&71&2P_D V6#M+KKM,3[F80 LGM,KK]0W,F3U7Q$ O>)2XLNHY
M(O]%P!(G7[&!"5V:?-IBFLH>V>1C<4F$_]1WI*@#57>G2MM=P]6F&NS1X>0C
M3;UGVM134X/QQ>@A=Y'@V35JP1 $/3>_1@+O,DD%[ZY0Q8U@PQF R!+/!DD$
M6,0M*8PHJ@U>1[0!^C!<B[1<<#UXUP_V!>'8AIS-("NCBU526,H;<^% RH$!
M%1/%\0WO)D<6AE'YP54M?B<)-&5RUXA7"!DFSM<S.W!=2X<9'8N:716M!30,
MSR# 4,O1(3RL@DM4><^Q&0@8/?O+9@H(PT#9Q@KP40%5:H;)(S67(ZC</_ J
M^"[< 2R)Z$!'ZUK\\&"-CJ*@8X#)NOB"8 WOA&6L T5=S8%1/\9:JNL0.;SC
MF%&.HBQPY15;]24%PU.A<<$(8'LD+ZX!<!F02B*=38B5CJ.-:-I=BMW#.,$/
MD0.*.'$'&?5X$)D"D7N(@.B"9PX;>EO%F05.7QRMCTJJ.[SM8Q@7,P<<!(J^
MMPDZPD&IKMC!>W3X92L\,OIZ$="@0[]KHVJ^\%(CX7$N+?X.G%,07Z$F1B6X
M^Q*]PG&V9N!;4+>G:&RM#5D%'TASA&"<1$8Y/ **'<$_%0%_D&0P&%NJ?0_]
M00U:Z&<=CD'L.H7$I6=Z6F\9KA-,<+R4!TR=R!0G#I ]".<NI!(>:#SU0R,I
M1<6D870)@@:V:QD](CP3&P$J2\X-<:<POU,&R!F0'3E=BN=\@Z/QFO*:&=,G
MT_2!RU74'$8"5 CP!#U,^8Y,(0\NWFKF7RN(;A@(XL5>7%2@#D@8':YDQX)H
MN DV"L8(!13H(GAAF<L(AUD0,0.*9="$T5/E57X7T6@B9)S-;/()%.;P;YNI
MMN8B.]Q@5)Z%V\*$91X7Y2%!VX%:JM[6O,["6TS25-"$S",F"C_H)%PH3V49
M/1E*A[4$21BYJ@XJS%0=Z)/ &J^1XD("@X+$WT.:RT$6\'U<*=S]>#8@W!.W
M3Q>PX-7XLDG&4GXTL,\:MLK[-4+9T >\#,,.U?'[DL)2+<N@:*QCZ7EO-X4N
M!6:! !H:SEKKWN366'TC1S[N?4!&WA5:.)M-.82$<_#]*=2Q\*.2\BRK!:,=
MRS4=F=N&:7"G!8UI*FT)YKCM<QD9,)9Z5"U#1^SPKCL.AQ_FWB!_!8OS6[.C
MP.:9WK@)A?; )]HI;B\P '(Y!%6;XJG&B K  #@Y+[!Q.3SBZ61^1 LV P;-
MA2CR$%X^$LRJ&#LZ=$ TVO=</@=A*D*(X(0?$:>;O@,"]OH(C*YJ0G\LP^UT
MR2\#=$YPY(UQ9AS;H(P7/;EBJ65AU[RD;N1A-!SO<519AD:\(^NYSL0\9$!^
MFX29X(_! &TT0'!5XLLJ)H8V#W(.O6<\0 NR0$L%Y$.^0161<0F[LM&P7.$W
M O8=D,!JRH]CPNB'OH_0ACPT@@<7UP;>LR%.H-J&KC--O )W*GN^#KVI!L,Q
M#04HPZ@1IR_'H\H^XRZ;<ID-D:FQ8 P9O$3*T[MPNVCX#F\5 &(98"H]+F (
M!Z+EX)BM!?UMHROQ_!\Z5!\Y.,,,*N'C_G-3A=27>',+#>$_5D6*>Z#+61[K
M0"N8X^""I3=.%W;*H>7Y<B_G$BM( I^89MEXZQ@\Y(WQX7'V/!O,N)'&*($>
MWW^;Q2XIZ(101! =L&&P6V]"&[(-F0/%1>\ UHK7OX%6$R2.4:,,; ,I=UR*
M4^C,=Y0\VO',1A@OL_B*!C26\G(Q>@_-:GP%S0MN"K^TV%NU$D+(XL@  ]N8
MU%0NQ;4>$TW[&">!FI<[@SC%;7A,1F>AI,2@ H89T+K!&>$FA.8@KG(;W_B&
MBP$F[^*,01>:EPMU9(W[/_28GA\67?6@/4$A%:# (SMRU,+$!U)RS$=8&U<E
M"'OT&Y%52W9[F/5@:*)MQUNWY/V##]!L<"@(7')BWL3_.YT\&$]-5G%J<F\4
MZLX#>..@[ZHM]3W/5Z9K*XJW5C/N[&>\261Z:Y77+W$U$'*4C=GG 6B@I&OA
MXJC3DTJ25"X5%.F.#0J90K;K]!8YZ5+(%D9K8G3F]I9POY-L9YFL\79<G?DS
MUG5_QGJ5.PB%]W1BEAS\C=-G3(3-B4EBWT&')FC]..\-?K*3 @QLRDL*@I??
MI/YRS>=+"38US>MH@JOCD[.\2/8:!C3 %^G\Q 3DAS/,CXSL4(>"DP7_L2)V
M&V#V0W%=08.\COS<;AZ)09>8;!3YB>?.O"7I?"'BXOE%;@B*5O];7+L[=Z53
M^K/2N>"5SM^G[%;M_&#_I'YQV=Q]OTE%LN4(B:]'G 46XD3^R>==>0Z52K:A
M;#5J=XSB:M[DEA),T[$9R%=MZ!FFV#J?BFFQ+M7:N.EF-#3U"F#6[>HX!X;D
M8(32A3'9$U.6E)=^H"0):J$[_9J6HH-)\/WBHD1SMWYT<4,.3AJGQ[ND<=H\
M.VW6+PY.3UYU(\AS> F\?^G-(YXZRG\M4C(0(]G&K 3!:[6TV&;]W&Q=Y&8)
M.E!<:/O;PYE,3P2YUF20\X5266BG<G:.;.-\!<5U"@<RDJ=EXC/RV0)%/,$)
MOYKMG.DJC.ZO5)E?Q&+S9;U54K=M0^87V^][$^X-P]5MIO'\#-ZJ.!/@H$>W
MF$.MX8?:I9TDV2INDE.Q[+)!CBB8QCO)O3[*GJ\0N4"GSQE( 7\ L$$&RF"3
M'.SP#W?Y]>T[ON55+ 4C5[P:^S[8^W65/^S_JO_H[N9^G X'Y2/'W%>KW6_J
M@ [4[H_FS[43Y;O2[0V'K;^_R5IK7WO<O;W>N[VU2K<'EX?-?/[HY_!;XT;[
M\=.V]S6KW-P^/&N<_CJE>\7;8^>J\;AVS4Z^7=L7ARXK5CM-L[S]-/RQ<WA3
M96N'@V*KM7=X</FP+_]ZN+PI=??IQ>%VY<K8_?F4_R57;Z[V'Y2K'=F\M/>O
M'J[IR47NU+A07/-[US1_7E6NOCFF>=QXW.VLN9?%84.]M@_W*ZR[W3YJ-O>^
M&X?]7G[G_N*H?>W^?7O6_?OVJ&\][0^<]JW^6'Y<K^^>M.\?;H1$<BU#&>*_
M,'#7:O\/4$L#!!0    ( "R%'%FY;TC@'LD  &'G!0 5    =&TR-#(R-30Q
M9#)?97@Q+3$N:'1M[+UI<]M(TB[ZG1'\#[A]SDQ($;!:BY=VNX\C9%GNT3M>
M]%KNF7?.C?L!)$$*;1#@ *!DSJ^_N555%A82DF6UU-9$3%LDL=22E7L^^<O?
M/KU[^W(X^.5OQX>OX=\ __?+IY-/;X]?_O(C_PN__B@___+JP^M_!6>?_O7V
M^/_\,,VSZN=@;W=1!9^2>5P&[^/+X&,^C[*0OPB#L[A(IC_ C7#KZ57O>Q',
MHV*69(^J?/%S )?;+T9Y5>5S^:Z*OU2/HC2993\'13([KWYX^<NKE\=?SI-1
M4@5[.WN__/@*YG)Z>Z,8QUD5%S^\_&LV*A<O_IA7+_)E-GGQ;'<WW.7_?\TP
MFF_H-;0_= 4^'A^^_?2OX.3]T8=WQ\'1AX^G'SX>?CKY\/Z75Q]A-%M1\"XJ
M5FF438*CO%CD150E>;;]O2W3+V\^O/^DW_=H&LV3=/7SIC,M%';PQ%+8</!D
MAP@-'_GR+\'[O(('3)9QL+^[__S/,+O])^VS>[QW3\GF/E+LZ6\?C_YV>'8<
M'/[Z\?CXW?'[3_=T!>[CXA\N9\NRX@'L/POQ9#_^^H'0"X/=FYN9?:!]U/_S
MZ%'P)HG3R<_!:32+7\#U_U[&V3B&QP:/'HGJ\\OKDW^8=^HUVMMO6:2G^-TH
M+R9Q8;][E4;CS\$>O+S,TV0" SCUG]?8PE]^A'>VO'Y4Q-'G1Z-XFA<PQ@6-
M60_I:<N(<)A7?:5:F!]Q97@QONENMA'^C=+NM1D_C^-1F?PGYL'\\/)3-$KC
M()^"E@ CS:I2), ?,JW:BGXZ?/46=)OCMV_/3@^/3M[_^G]^V/V!/I\>OGYM
M/E]Y&R^3276.E^[^Q1+X.$_3:%'"LIB_?B *^N731_."B[BHDG&4FC6 J?Q@
MJ.S3Z[95(G7=ON_Y[E_PP'YZ?96;]NBF&]OM7WY[B8?@EQ]_>VGW&08$__EX
M0]-UF]AKHM[E5Q_&C2V-B(.JB+(26!(0Y'*QB(MQA(1P=GR$FC6/=&\G^!@O
MBKB$(T Z=<FC04W[GU$!#ZB2N-S1R]MG&6YE(H^_;M/_[%N[OQ.<1< -82MY
M&*_C-(%1KF!H074>![]EP"LNBP1X7_DB.$KS,LEF=W.K]W<?]GK=7A_L@,2[
MB#,XKG* 00;B'A_E\T64K>[FINX];.JZ37V\ ]KO:@Z<V6[I\9=%G)5Q>3?W
M\^G#?J[;SR=X2+-)HL0L;*GFPG\MRG\O\Q?!AQ$,F<7QW=SI9P\[O6ZGG^X$
M)["M\RR9PKAP'^^F6#UX$*MK]_$9G=BJ2$9+W,2[N8?[#WNX;@]_:E@X(0_'
MF3=D[1S.BCA&85NB?GRV+"Y 6;8Z\]W<^H.'K5^W]<]W@D]Q,4\RVG<K<>U.
MW\U-?3!KUWLL=G?@5$ZC92IJ\6@5?,CB("^"=WD1&\-'JU4/^WP?]WEO!\-V
MR?B.6CL'3Q[V;^W^[:/Y6J!\?=B_^[A_!Z@XC?-9EGC2DYCKSME.<+:(QTF4
MPD5EGI)^#'_.\.5W<[\?O!/K]_NQ&#O1N%I&*0]%$0#N_:LH21^=W%$[Z&%_
MU^_ODYW@Y.C=H5-_>32'\SR;!>^B+)K=657IIX>M7;NU3X$;5]$H29/_)-F,
MAR([^K"A]W%#G^T$_^\)93  YXW2="7B=YY453SY_QXV]3YNZD\[P6]_#]XE
M;TX^\CA.BWRR'%?!KSD,-HNR<?RPL?=Q8Y_O!/^UG,R<3#U:%D6<C>^HU_#Y
MPW:NS9O81<=#<#BY2,J\,)RW"-XD<%B3J%BAQ;/(LS)!@5NM7@2?HB_!ZZ0<
MIWFY+.[H&7[8]/6;OH<ANRJ><67!G=S#QP_1NO5[N+\3_/KA'\<?WY^\_Y4'
M\O;PG\'A^]?!IY-WQP][>A_W]& G^&>$(3CK@/JO);#@3T42I0\[>A]W]/%.
M<#R=QF.7U?2W.)J W<IQV$8*]POX:XD)VHNHJ.ZF@Z)KSW^DG.^7][G>8O]%
M\&%!8?.?\;EGL&_PX47PCRA=WEXY1OMF7*<<1\_5S!(TN-4"'OTVOXP+6K@7
MP?MH'O-J@"X(<TR\V@MS)_[R?=6%W,<J!E.R<*/%!V?C\WBR3&->G\/>?"F-
MIZX@8O\ON,"3J#SO8/ARW3,<^]NDK.H9@SWYH%^! 4,/#A_M_=$RH[Z&KZZT
MAAT+]_*T2,8@3 +S[-Z2 E?EU5U:E>#H1A<$4V&"L_,XKJZT)$=W:DE>W\B2
MG)3E,BZ"7^,L+J(T^*V,@S=%' ?_A$.%2W5:Y.4")-V24JVOL%BO[\)B"9K"
M=1A3UX*] 8T'6<^'19))+/!M5)U'\[]&\\4+T-"KSTE6!B $>B_7G6! WE+=
M#/]I6:I_Q!DIM5=9GB8G^A,HDP??H=[XH#C>S -O SKECYC!%:!/QC<$??('
M;I3"Z @(@.3FD4>N/HS])[LW"1'RK3GMK>P7UE:W8'?\=@/@3+<S$:-FW#,,
MC%=1,4ZC51F\BK+/P>G;HQM\]EYP=+XLQN=)F@:G(#3C&WSVVSR;Y'#1\=[C
MX,G?3F_PR;]E8.E.@K^#8C[)YW=Z[]Z?8LIK,HK*F]RUIR%H/&#\7$3%))C
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M]/MRNQT\N-V^H=OMT&=*Q$@]51O.(,K7#,%QAP/K(^,3YU0T_,2^<JW>L(D
MSY.#.(G+<9&,@+4:I<#\P'A3S1] 3E41,J/Z#T:S"2W_E1_FT22N7\S1A:8Q
MI Q#\Z.(DFNR972_M2C88IYKEFMDG5Y]8*1I\AGD\QS4B6J[19D'V2OI(9:?
MPA76/4"[Y!R9)0<(>^_2->TD#-AHT6WN4[IFP\6B-=^@3?'U[6!E_W>J#]N^
M%EQ3@'&0M$%=.TN+>%6)V]S9T'@8$$L%3N *AM1FW*%6V7+6G*WDR]IOHB_
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M;W 2M"*-68BD"&Y14+2%+E\P!R4NZ:@GV,"QO_'"?&L)$&@!,!S\D1(@, *
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M2%E0LHR7):W;I@CFT,I!N3'6I?$5TYO:CE.3LY7+ H1H#(>ZPL#%!(3I9\*
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MX"8+(XP5@IG+#2(ZHD!HA@)/8BG2&F^:Y?D$.0BL&::*S4D0T!APM(P=P.O
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M/[";FEB9>.0)<?C(N;2[N1RZW'W?%;H:P')-I'FIAI4EG'+[@],QZ)I2^)U
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M0"!UN=K,44WJE263=@_ +\ T,E:MGAJ,6S +11M.(J3L$(-5Q)G\H2DK-+5
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M+9;26!K\VY0?$80#Y9GKIJ>NC+N1UTGA:1M?1 $13!F3:CJCJH7I?RDNV)E
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M3?4"F:$)*'G6#X]GDKQN0$9$G<1=\72FQ+134XEA:CX$EY_U$;U$YU=1T'^
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M47A%89AZX_3TLG9RTCS_]!^_;/U"/[<O:W7]\Z2SJ(YQ%],A!S'\6O_K ZS
M37KXW-8_?B%V_>VJ-7$<K&  Q>/K<\UGXA?-YE<G$]Y,EW-U8CU<O\#9G__'
M+[N_/)9>O_S^%\(JPNZ#=8!\%U=H</A/:ZF688VX='-O-6JG5]]$\[Q^<0;,
M>=&ZO&C5,$"QG,OYR5OQZ/D>8\.UXN7OF.7?K\'YIGFZSXFW\5OQ!YBUY Q=
M@K2=/ZF,?-I'\30+LID1=V<]X#X,2';)C,;;VX$!7YC>LV+-V8Q"S3F?2<Y?
M?F]PP.I6BK\P!>H2'"RJ :Z(>L^3UV"8Z7S7B^MK>();A%Z!:8C)YE&.Z&])
M$Y-2YO^?HPU79$(_]B,/&-LY3PBML$N=%V\B+_^]].[0W@=Q02!L\7L<6(6V
MC8^TM[UL3E+[S9/<I.W239K1@/6+\X]-O/3D"]TZ7G0V3F;9,,9)RY@P=L,U
ME4XG!$&FLAKFV&]U6?R- HMG>A+8I\^7UPF95.*XUJJ?UKZUX1_G?XK+TSIK
M@*=H<OH MW0((S@4P\% 1EC?]I#Y^N35%'ULTD+/9!2A6WPZ"KJ]+$3J+"V-
M9RPJ:Y,_V1G8F<RIXY29O1>P\@1X]L'\ $K'Q8A-JEXLWP M^7%?:,;^SV,G
MM8?N 'I,9_*F1\#Q/6U+/H4B]WYJ9I[,:Z$[N:JUX&88BS^JHB5'0>B[\4*Q
M]+RV3/F@,V&[^<UQOFM?U9UG?YDQ&#&\S4UKPA7:__LI4*KSD@ _F0"3;/%,
M4N ];L/Q^27/X]*)O(X3FTJ"U^FB? +I#>.(MM/MJ5OZ7YW^ ',8J^)4NV:+
MLJL/DG&%.?[UTF8^5O;BF-;LQIP.OTMQU4. \YEZ,2_JNBP24<E':=XZXJ_A
M=R]P%HHCYVV@SX"9EL\VY:6OW(XKDUQUBL/<0[YR"J/1ZNQ]Z9<LMI'R.@CP
M^I4FZLQ&Y'7%>3AZ3CCU'D=D>AMEIF[@9-)/[1M^E;X?\_0^.M%-:"',9=S$
M!6&V>6O:Y_/)2^Q[KA[PGNW-]C \Q01_Z:[6QC[2EE@>R;WRJNM99^HAD5WZ
MJK/P54^</K70["%,1[GS\]SY%_T8:\O%V]WG;N2K]1)S*:B+F!WWD8L&=<-6
MJE^,\_V 57K;##^;J=SQO9B! KA^,ZT<':0E?[IQ1N#.<!:!T\\VXU-]I'5'
MOA?(IBTSAV>5.;R_>DG".V62\*KDP#XNP%#W$N\F"H<#7>M^1LW65,RAP"-]
M5+G)@ED<Y=SG'#9XV2Q"G1YXJ-(R_W#P\6,G"IS(G8IH$VO1?@X!9U5DQ>+_
M\>1X1210=G?:ICT;57HB)3)F>FGK+8&M=[!ZMMYN:>N5MEZ1K?='];(JSBY:
MGVKGHMVH?VDUKYJ--I=#E0;>*LY]R0P\\$VZXE3>2=\OS;O'$N,5$>#>H.IS
M3;O2K%L"L^YP]<RZO=*L*\VZ(K/NK/E?7SY?B.;Y5:-U3EA-M=/2J%O=N2^=
M41<XG:%H][S.<.24=MT3Z/&*:/!0.EAIW:V =?=N]:R[_=*Z*ZV[(NNN=5P7
MC2^MB\N&.&V>-:\:)Z5=MYIS7S*[KN$[7B!%NRK.AE'D3*>^7[5E]R2*O"(J
MZ#M9Q'<N#;Q5-O".5L_ .R@-O-+ *S+PL%$CP5)BG\:+OVJB7;^X:M8JXO3B
M_.3B7!RW:N?USZ71MYIS7S*CCW/.OCI^(J>[C7O5!M^CJ?&***",/6Q<B44A
MI]@FK"(:PR@<R$4W]%9-URV9D*G+&!N2ML)8^KY7BIDGT.,5T:!,!EEQ;W)_
M:_6\R</2FUPJ#?NBWN3510L>OGAS<G'6/&^B"PGN9>E KN;<E\RV^TC]O-%I
M2N(P^/7?WNWL'GV8X_^4UF.6XLO"I[.^DU!&8\7NE2QJ[JT7EQ<3*V1*;J^>
M*?FN-"5+4[(0E[YV7K\0Q\W3X]J%^*OY7_7:MYJHM3XUSJ]J+;R@:%=KU=*L
M7,VY+YE967,C3P;BHXR U=VPM/J>0I!71 1M]M7/Q'$8N.(B\D U.&CU+;JQ
MMVKZ;LDD33N1U]=PLJYZGH3'IV.G5RUJGD215T2%)98UI6,Y*\=R9_4<RZ/2
ML5PJ1?MBCN7E>5W4:Y?-J]JI.*NU_FQ<M;GQ5^E*KN+<E\S .W.21-2!D<N*
MAL?2XA6MO\PZ676+;G?E++K]K=*B*RVZPB+5QJ?FQ7G;1I4K#;J5G?N2&73G
M'AQ R2.6)MVCJ?&**% :=:MNU.VMGE&W71IUI5$W.?^C73N_JIV?-%IEOL<J
MSWW);+J:+W]X,3S;*\M0'TV,5T0 Z^ZU%L=AUW.2LOITP13:DHD6C'GW/"<6
M[O_^[,A@.G9ZU?+E211Y152PA$SCA^P.L1-BZ3NNG.^X>FT%]\NV@LNE:E_,
M=_Q2;5<%.9"M2]$\_ZO1OCIKG%^U*_!#O70B5W3N2V;IU7M.Y,,+EU51=Z(!
MR=/2VGLR55X1)93%UY:!%T;B+P]TWF4D8\\%:I0&WZH8?*O76W"_["TXQA;M
M@>\E;]KR!IE:DVR'/UU:FO._I3C_)LZD[X<!J*.!EZ0MK"L\F^5.1%%'O'CM
MRVN*+O*RELQ*/7$"\:?O!3>E<?K^T<1X1028:_)*^O^+:*W-:L![;:8B8VO,
MU.69O%)[]_"#N!A@V6+\'@=N2T+),4;P_MZ*&,%E)\;2%BTT7#X/@P1$;P*V
M*!R.8>0E'HS$5&L&W66.>RZRP?9*E[5D=NBYU^V%OA.+L^'?(]!]92[U$TGR
MBLB@XZ11=?F2JA=EP-+N?+=Z)F;9#K(T,8N;?8?1C0/F9>($OAPQM7YU^H,/
M/)=Z6!5-9$_&EW%\,?"[I=E9+NO5FIU_.DDO&@7BK%N+7+_,QA1/HL@KHH*R
M.9<E$W,Q+;/2Z#Q:/:.S;%%9&IW%346BH1<G94RS7-:*&9>ML -+$N?P@?*&
M79F7XHE4>4644":FZF'^]^+W,%],2VQQC,SBF;S(<J<Q1@^V5L\87=$.=U-Q
M8FF@YI- G> [=AD^@]&! _R*. T#-PQX*L?8X:JWQ(;J3S?;EGGN2V1R"JHO
M]T#-25^<=>O YEZ)2?;^B21Y1628E-M9$9_\L).FO)<"8L7F_A2M.E^)IJ18
M"X]LY(IZ./Q;!C^/,7^JW%IQ(DR26M:MM?@L'3<GQ"JB<=:HS2QMO72F5^/&
MYF![]9SDLG=GZ1 7.L1U+_%0Y8@_SB[M>QN>2ED262[KM?K0VH66OA2?PM"5
M03B\Z94^-/S?$\GRBDA1 GQ/M$">;[,]V?AY(2/UR?/[B:29RO#=63W#=W5Z
M"\Z*:TL3.0]1=]P6M4_JHJB\(UKIN2^9?7LIHV@DOCJ16]JUCZ3%*UJ_AAV>
M@0V[L@=_F>>^B'<_*)T:KC@;^C!@Y-TL#W%F*9-6F0)SAR%:Q/N)G^BWK](-
MS^[*.;H'9<O5TGV=4 @N?2^VK]+K87_@!*/RBJ=<UNMW@6M!T@N#$3S\/;SU
MNN4%S],H\HJHL*QW.Z71N=A&Y][J&9UE2]C2Z"Q.*PK[\%+7*4O!RV6MFL'I
MRQ^B[06EH?DH2KRBU9<&9FE@SL/ W%\] [/L&UD:F(4V2=OI#Z4O:E71<OH@
M7_^V IP\'17E+,W.<EFK8';J$L*_O"0L;<\GD.,5D: T0%^= ?IJ<](/5L^H
M79W>F&5.^IS,WUK7<65_5(97RV6MF)VK(7Z.PU&9U/YX:KPB"B@KM][SY#5Y
M^[[GH!Z]N+[VNL_#&GV6L;N,IEI9U#E'TCPEUGNX>F9QV2VS-'8+#:16%=Z2
MOC.TLUAUD+=:6?(4UM( ?)P!^(>#CQ]'PZ[GE ;@HZGQBBBP?!5$BWG]7"+"
MK5[CR(.R<>0\#T^[_KEQ\@7,N-K+MAYXE.TXG:GXF*K>G"IYE.:8*)OSJJ$3
M^NY4Y!LXK@MZ(67$W,CWFF_3&3!3SZ5H[RXC+^AZ \?_[9BTC],/AT&"\/3\
MBYVMG2-Q'B8RGC,A5IG$>]LO0^("2ZOX>( 6 3K<1#!1%\]F&+T7T4UG Z9:
MV=E]5]G9W]^<A?E^N/>/+,U\>9U@AX2HZSLCL"FQ5<+E:?W7?SN:P"6/^-CV
M/V9C]%D#%DW^UP%2;0;3W<H-'WDW/1A_]Z!RN+]5V=K:F@%%"A=PSZ$LR3U7
M<C_K@'[M>8E\UJDL.(GGEV"P15['B9]S!F?%";-GUH(=WSD ^?;,'9_U1$L"
M+J@B&Y_G&2*I^+XX'07=7K:_>7F$RB.T* 1<.%7S"<Q<>%"TG6XO!Q51Q?!Z
M>7C*P[,H!%QD_?-5^GXL/CK136BE9F45D3CU^G""W?),E6=J40BX< H)VU+@
M5P:YEC\K=WBV]W#?R\.SP 1<9(7T1_6R*L["Z :-NU0A#?QN>8+*$[0H!%PX
M]7/F_3WLA3F[K3PTY:%9( (NLMII'==%8QB% UD:; LPT9* BZUNKGI2Z,[T
MY^&M(]K=,/&<2K;G2'F$RB.T* 1<9.6#I^DJC&"$\,U)V/<"#X\0'*_R )4'
M:%$(N' Z" Y(-Q3'GM]Q0O&7]W?7&3FB%MW(('$BU$7M:JVZ.B=HN[)3GJ"%
M)N BJZ#+\[JH.P,OL2/7*W2-6AZ?A2?@PBF@EKP!0RVVP]3ED2F/S (1<)$U
M#IMO;0>LM<"546FN_?2)E@1<;'WSI=JN"CHVT4 T@UL9)UC,: ,IE>>G/#^+
M0L"%5C[GW\29]/TPR'L]E96RX=X]OUQEI4_1W.FW<$KH\S!(O. F">WTG%74
M0.7167#Z+;+^T0ENX/OX<I2O7UC=+)[R4"TX_19.'UU%0R].2EU4'IM%IM\B
MZR*=QW,&8T32\5<UB>>P3$%8;/HMG.[!FI^_91"+/\XN;0VT4B&$\M@L./T6
M6?=\.6Z+VJ=2X90G9Q'IMW *YRR4OI>#.Z"><2NE<78K^^6Y663Z+;+&>:C/
M]PKL_T[E8&>_/#^+2[^%TSOW]2XM;%M:<D%YBGXV_199"SW0#6T%MG^[#%DO
M-OT63 E- "PN[+1B-5EY*FVFAXE60\^N?<BT[#.?+\Z.O0I(.(^S4>[4S]BI
MQ5&N^<GO5/>1 Z["Q/%G1Q(UZJ/YBMX3;CCL^/*9K%4,73VWK^I@ 3/7;!F,
MYO<2PJ#<MA??MJ+&1$O3!*7;$[4WVR_=S.?H@[@88+97_!X'!J< ?UBVMCYE
M%YX9,*#NPG.\N!VJBF?^VQ=L7=+%KF9PBJ0[].5O;[_\OO#+\ )7XOM;U7TO
M@&78'1[I;%P[?<\?O7]H[-PY KM,=S7_]=_>[>P>?9CC_XQ/VI[(54^NKWF!
MEWB83 JZQ>N*\/H:I@U[-8 ]DS#Y2"0]*=+^/2+N.;XO.E(<'56W=X_^@1E"
M^,A ]Z?1G6G@EY$,KRMBX ]CX72[T5"ZPD.ND'%2$=ZUP.B@N(["_OJ:$^#?
MNO[0)4Z1@T3V.S+BO=VKX SVQ 9^Z%??_9]A^,&:TB7/_4+/'?E-_AK18YMI
M#_E59;B=A6*X@6ZZQQR6A,A+ \=SBYBM,Z+?Q!)\"."L+U@0>A=YP$(V([ZK
M[KU[F!'%1D<B=SB!^L/Z&FA:> RFD/ML(4/!+!*<8](#1H491\Y-Y QZ8ELX
MG?!6@L43QSCX4$\2WW2]N*O[-&U5#_:WQJ<)O)^99\FQO^\N%,=.*R)U_RV+
M,P^J.]O;/U%$FBF5(O)>AMM;*(:;1D2:G9U.1.Y7]P\>9L2'1>3]##5)1.ZN
MK(@L\"./7]R//-PJ7<85=AGKRW)*5(BJ&<=#&8F/D93BJQ(2EU$8#V0W&<;<
M[?*CYX.FO!Q&\=!!N1"*%CB62A7N[O)#B,,3)Y%#09/SL,I_WMW=?;-S>+B]
MO\5/U88WPSCAO^T<LAI=%HH9)_OX]U:C=GKU333/ZQ=GL.<7K<N+5NVJ>7'^
MV]OCV<G)XL^_U!HO6TWL_"NN&JTST?[<:%S-='$OM)#]ZM86*#G6H^Z0/8^Y
M?W-G/_?-O5FJH7G;>SMD\%WUO!B,89 +VG@8&+D@(ND[N+HP\,$D"M?7V"PR
M$%RNC+N1UP&QT9%^>"?0G(Y[X=#'7\#;C@MOW4@T,<2=!R9,2SI^,A+-H!OV
MI:B'T2!D6?)K%*/=',/7I>_UO<")1O9,XN%@X%,_>>'"E-QB&9,QU2^MD5)9
M)]IF)&VK5\@R E>!DZMR-*#/B8^R$PUA)/[>]@%_;WTM^T']DAZ9"()/N&%W
M2/@QZ&VH5<.H^&=7PF1<99%F_@IF:"3!%J36ZV2F>4%U?@SVJ.[@8W;)=.W"
MQYJ CXTS=5?P\:2%Z0FA9K2+G67S'P2#1^O+]\_-3M'-E/,=;#6FW83#D&%C
ME?*G66KBE?#/H60A]1Y*[9EHT$YU]_WTA3XG(Z9PH6E*V;-999P,A3IM/%X;
MX-\-=X#Y)0H5TW@48_Q%^L^5CMO1WXT$2U\1&WBT\=[L5OHC%IYJW,R0P/W@
M*4L'_+-N&,2)EPP3$+.@/]"+35"11*A$E&=J^%PI E=V$EO7D(-+3[(*&T92
MW( '' 4HL/'W]/5J>4">OM""R3[O1OXJ<EPI3F"WGWE ?OF]V*<H]WIA]KKQ
M XT?L%O:,DF4K3:3G2\.RY9[OT![?P*.PBBS]7-0B%>IEA"2F"T&N>\D;&&#
ML0_+&FEUPJJ*5!#8U7T40\Z-XX$>$@-G1,Q))C6&?\'B@O\ZG7"8J,"O86"7
M%!5\R[OVT&#'F&M%W/4\T&IZ<'SEVKL&]Z8SC+T  [*N,P)Z^N 3:>5$ ]'<
MO)B"T/0'&?7!89(RJ7*4641#7ZKT6K400J*T8(]1(3=^='M.<$/DZ'MQG+<9
MVXVZY=R@#$;'0ZT-E+&+/E&?0/C$C0PPR@T.GA.AS_8_0R]B?X3)@"^&@<RL
MK0+:F +/%%)V(IH8!;1Q-TCFPP9%\ 0.>X/>98C4OO-B614U\+0BO'!!ZT$'
MYB/8K%X(-(U[-!(-DFXDQR;I%QDB R4Q?A].LV]FP_0B*^ABW7I1,I2:;:Z=
M;I(R51!&?<<?&Y>O#,Q2[\CA#;NP1=GY=/TPIG!\^A*0,\;X6E=F&+5"]*;I
MCNBJP&=4JLR:NJ,N;(>:6@*'!8? PQ /@1L5Q4+TH&_Q<0<60R&]=(B*[:&C
M43;T:30/SL =?-6]]>(0=P)]==@^/&-J,3$>H@2O0$H+:Y$DK[DM^HB\.@^Q
M"\($> '#OB NW7+S%VCSST%^7T9A5TIW'AYH;3"(PA\>L!4X>D)EUQX<'E5W
M1!]$*6H=YQJX I2O.^PF6M457T5V0+DJ*9X^3EI!2' .^Q3R0K4>Q#!+T-%.
M!Z2=NHI5:K\4/8NTT"\Q:: Y,J!M\6$*1^"2F3&,E6D [#]07Q=> E*J*\$(
MC"FY@RTMDUF"ZE>9.L+$6-'Z&(0QSH%-NKXS4OD@8.4Y_="P* P6W,0<[(BD
MMB!A3/A!IQ9,"&1@N*(#S$TVRT::;=()HXCL0SNVD7\9='GHW^+C71"^L$8P
M4#S?2T9@V.%9 F()L#LP1@QVP)TSB'%2/.>>=&_P331Z(PX_5Y2M?"O]<, 6
M 0R;_DCV@=,%\RCV*!*)%H;K>AH>$YMV1L8,Y<]D'H]2\ZP;]CM>P %-,$Z"
MV*%4Z[AB8DIPVN'7)$8P#Z</P]^RJ0.?[<*''$QY2+^I3-@\C6 O$S"VO;"*
M2A">NB95B.."C=-5$:(!V%D!)1W!+Z]]#[T'^(S.#&*##O??B<!*U2PDB=G@
M.<-GP'_$ ,_<OW2;;/ZH@+%FK/@OMAS=J-NS;JI9;_Z*C(FU>'W7B7L?](\7
M-'(+KV^0Y#UOH,-R1.KG?Z#P8?T)M4\/7L#DQ;E5Q6!?<&3OK1XCMLR%Q^3;
MM*)\BL=^0&5>C.==<'9*?4;9*?D;O"DS5;;+3)4%R509W\#EOH)[EOV0O84;
MU_V7)J&N1HEJ<[Z,2Z\\WFM+UZ[KPIN1] JD\)$EN*]:5--TY@L]D0'V=F7M
M-P?#M(!;MID-V)0!:7>#EF9_Z"<>:#M2D_I!>@QTI/S153$T3,"<Q&+/'G<)
MMFOY^;)0P!6 RCD)QG%'L[D8L;GPHIN$YHID>[_"&5!YGBJZ2L&DI9)%%H9%
M3L"UJ%/$!&QL#.2"")NS!*O5K[[43M_R_XB-9OVLMCG&.H4/E8RS.(RCO3#1
M>KYL>8AC5&[* -W_(!CV*UQI0X$6=)PG7-GF>4IEJCQVF)+K%I#K+E5,##7;
M<TVNG'@"UJ +RC 85W/=L ^?I=O4(A4XSG/V:./\90U7R'S[)?,MT$(O=3$7
MET[-6>BIZNP'2@O'&$Y5+#[TVA*0>_GY:DJA=@PBH(?Y$3KQ8C1GUOKRYY78
MJKX[W/\')6QF)-G.S@1C'E_:9@TZX:72M%]PMN(:S[??*-(X7Q9[=U ]W-D6
M;\5N]7!W]Q]CW'2P6]W:W8&_[U5W=_;_43+. C%.>Z!J:<2+2Z9_W][;$ATG
MQJRU$)16/,8X_[Z]DWNB9)T%8AW9]]ZPS2M>0LSL@XU4(%WVJ_NE4%DLSGA9
MIC@Z*F**@ZWMG\L44]+J)<"*%YL"#)H'_-*2KNP/YA25O-3ILW:U![CRZVO%
MQ4\*.,.)1!UA.3#VD*WJM"J9TNQ?++FD[#(G<"MIRNX?PT!FXN)C-5/K:U-\
MT-1)C7^P0M<S5!&%"4-.0NF[E,H+?[CKA3 GF OGGN!O,?=6_173K%7R[_I:
M.-#9.5;2"8U'7^/]45@G&;B1&S D,&,OO'[_\Y(O'G7-;5U=/SDS8V*FP61$
M7=(%.->3W$1 NV&*0A;G4_\-_K3A;$[XZ\$>_!G7,1$S)E.[H'YP!@,?)H;L
MR@5S?."F_3^N*V86Q(QW8/ETXQ<4-_3>79N, E-_L_/2*# [96[-@N36/+^D
M?>D$3>=>04,%,<-^*FMDC.'Y6\<?IL(E KWD47IDK(!$75T>A<\\3M2DXHSJ
M4M(8)X;:,W*-"E94^6]60(D-^:/K#V/O5MK9F8^;B(ZQ*IUG25!+.6)1#NAL
M)P8B<>:Z*?HIF&4?+^X1=N)1\Z \5]3*:D+XBV% L&-3T>;.23/AU7-HT#QN
M%@4F2T6G:':MO.745*J(<4RTPO<?-Y'LQ[295#$E JKJ#->?VR=!*<)T1PC<
MQ;&&C<R%].-FPK?7F[J6BNRGB*C\B2K*Z2+K.(3=PKM4L>'$JL8*Z_4\K$V_
M]@+I6GF_78=F^[AI*,ORA%!4C$5']%;IM@56]U1)MH^;1YJ1N\F7%#O[F8#.
M-.R2BP'-E$.*#):5QS]Y3N#C0?R3V?B[]V=<(J>-<18L%YPC[#&#0!/.)D\$
MY2:H._4#U^!.(5.?9E\+!FPT&FF"3)I'+5(9S)K70I]<7LFU*5SFEH<TSJK$
M*<,-X?B(DY3L2\43Q)/""<_W9,><T\P-^7,.MFU$C1_G^XW"\F OTT*?7-4L
MI0(32JO%QLRY.5IHEM%%M8G7PX@+#<'$Y.HZK(;SL#HNMID5V#?4G[08USX
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M_8%(X,+WXLQM"5LX^(%O(28G)F'WNX&IJX+-I$T7LE8RL'Q9B!^#D\8#<X0
MOX;Q 32GV-I[BX!];M]+U*T!HI\1H!!CD(P8%XUF(358GD'<0*!OF1#<R3#I
MA92(JVRTQA#A1IQ -+HAEA!W12V2SKUVTYPOSV<(4#'I=I(OSW=?^O)\M[P\
M7^3+\QEPP3&VJK3;)W&;RGGVEU@RG^.9D'#W0VC\@5=QXC@,O[]I#0.ZYC]S
M F":Z/F8"/=[(L=.U/6=42R.G>"[N#RMDT%Q?'Z)(6ZOXW 6^9F,(M0$IZ,
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M#'Y[?''R#8_2V\]79Z?PC_\/4$L! A0#%     @ +(4<6>LNFEX\!   -14
M  X              ( !     &\M,C R-# X,C<N>'-D4$L! A0#%     @
M+(4<6<$[#UK7"0  C'<  !(              ( !: 0  &\M,C R-# X,C=?
M9&5F+GAM;%!+ 0(4 Q0    ( "R%'%F$;*HX/ T  ":D   2
M  "  6\.  !O+3(P,C0P.#(W7VQA8BYX;6Q02P$"% ,4    "  LA1Q9RBX1
MB!\)  "+<0  $@              @ ';&P  ;RTR,#(T,#@R-U]P<F4N>&UL
M4$L! A0#%     @ +(4<6=JB1H3@'@  W\4  !(              ( !*B4
M '1M,C0R,C4T,60R7SAK+FAT;5!+ 0(4 Q0    ( "R%'%FY;TC@'LD  &'G
M!0 5              "  3I$  !T;3(T,C(U-#%D,E]E>#$M,2YH=&U02P4&
2      8 !@!_ 0  BPT!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>17
<FILENAME>tm2422541d2_8k_htm.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version="1.0" encoding="utf-8"?>
<xbrl
  xmlns="http://www.xbrl.org/2003/instance"
  xmlns:dei="http://xbrl.sec.gov/dei/2023"
  xmlns:iso4217="http://www.xbrl.org/2003/iso4217"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:o="http://realtyincome.com/20240827"
  xmlns:us-gaap="http://fasb.org/us-gaap/2023"
  xmlns:xbrldi="http://xbrl.org/2006/xbrldi"
  xmlns:xlink="http://www.w3.org/1999/xlink">
    <link:schemaRef xlink:href="o-20240827.xsd" xlink:type="simple"/>
    <context id="AsOf2024-08-27">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000726728</identifier>
        </entity>
        <period>
            <startDate>2024-08-27</startDate>
            <endDate>2024-08-27</endDate>
        </period>
    </context>
    <context id="From2024-08-272024-08-27_us-gaap_CommonStockMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000726728</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:CommonStockMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2024-08-27</startDate>
            <endDate>2024-08-27</endDate>
        </period>
    </context>
    <context id="From2024-08-272024-08-27_custom_Series6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000726728</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Series6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2024-08-27</startDate>
            <endDate>2024-08-27</endDate>
        </period>
    </context>
    <context id="From2024-08-272024-08-27_custom_Notes1.125PercentDue2027Member">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000726728</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes1.125PercentDue2027Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2024-08-27</startDate>
            <endDate>2024-08-27</endDate>
        </period>
    </context>
    <context id="From2024-08-272024-08-27_custom_Notes1.875PercentDue2027Member">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000726728</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes1.875PercentDue2027Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2024-08-27</startDate>
            <endDate>2024-08-27</endDate>
        </period>
    </context>
    <context id="From2024-08-272024-08-27_custom_Notes1.625PercentDue2030Member">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000726728</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes1.625PercentDue2030Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2024-08-27</startDate>
            <endDate>2024-08-27</endDate>
        </period>
    </context>
    <context id="From2024-08-272024-08-27_custom_Notes4.875PercentDue2030Member">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000726728</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes4.875PercentDue2030Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2024-08-27</startDate>
            <endDate>2024-08-27</endDate>
        </period>
    </context>
    <context id="From2024-08-272024-08-27_custom_Notes5.750PercentDue2031Member">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000726728</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes5.750PercentDue2031Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2024-08-27</startDate>
            <endDate>2024-08-27</endDate>
        </period>
    </context>
    <context id="From2024-08-272024-08-27_custom_Notes1.750PercentDue2033Member">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000726728</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes1.750PercentDue2033Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2024-08-27</startDate>
            <endDate>2024-08-27</endDate>
        </period>
    </context>
    <context id="From2024-08-272024-08-27_custom_Notes5.125PercentDue2034Member">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000726728</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes5.125PercentDue2034Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2024-08-27</startDate>
            <endDate>2024-08-27</endDate>
        </period>
    </context>
    <context id="From2024-08-272024-08-27_custom_Notes6.000PercentDue2039Member">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000726728</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes6.000PercentDue2039Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2024-08-27</startDate>
            <endDate>2024-08-27</endDate>
        </period>
    </context>
    <context id="From2024-08-272024-08-27_custom_Notes2.500PercentDue2042Member">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000726728</identifier>
            <segment>
                <xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">o:Notes2.500PercentDue2042Member</xbrldi:explicitMember>
            </segment>
        </entity>
        <period>
            <startDate>2024-08-27</startDate>
            <endDate>2024-08-27</endDate>
        </period>
    </context>
    <unit id="USD">
        <measure>iso4217:USD</measure>
    </unit>
    <unit id="Shares">
        <measure>shares</measure>
    </unit>
    <unit id="USDPShares">
        <divide>
            <unitNumerator>
                <measure>iso4217:USD</measure>
            </unitNumerator>
            <unitDenominator>
                <measure>shares</measure>
            </unitDenominator>
        </divide>
    </unit>
    <dei:AmendmentFlag contextRef="AsOf2024-08-27" id="Fact000003">false</dei:AmendmentFlag>
    <dei:EntityCentralIndexKey contextRef="AsOf2024-08-27" id="Fact000004">0000726728</dei:EntityCentralIndexKey>
    <dei:DocumentType contextRef="AsOf2024-08-27" id="Fact000010">8-K</dei:DocumentType>
    <dei:DocumentPeriodEndDate contextRef="AsOf2024-08-27" id="Fact000011">2024-08-27</dei:DocumentPeriodEndDate>
    <dei:EntityRegistrantName contextRef="AsOf2024-08-27" id="Fact000012">REALTY INCOME CORPORATION</dei:EntityRegistrantName>
    <dei:EntityIncorporationStateCountryCode contextRef="AsOf2024-08-27" id="Fact000013">MD</dei:EntityIncorporationStateCountryCode>
    <dei:EntityFileNumber contextRef="AsOf2024-08-27" id="Fact000014">1-13374</dei:EntityFileNumber>
    <dei:EntityTaxIdentificationNumber contextRef="AsOf2024-08-27" id="Fact000015">33-0580106</dei:EntityTaxIdentificationNumber>
    <dei:EntityAddressAddressLine1 contextRef="AsOf2024-08-27" id="Fact000016">11995 El Camino Real</dei:EntityAddressAddressLine1>
    <dei:EntityAddressCityOrTown contextRef="AsOf2024-08-27" id="Fact000017">San Diego</dei:EntityAddressCityOrTown>
    <dei:EntityAddressStateOrProvince contextRef="AsOf2024-08-27" id="Fact000018">CA</dei:EntityAddressStateOrProvince>
    <dei:EntityAddressPostalZipCode contextRef="AsOf2024-08-27" id="Fact000019">92130</dei:EntityAddressPostalZipCode>
    <dei:CityAreaCode contextRef="AsOf2024-08-27" id="Fact000020">858</dei:CityAreaCode>
    <dei:LocalPhoneNumber contextRef="AsOf2024-08-27" id="Fact000021">284-5000</dei:LocalPhoneNumber>
    <dei:WrittenCommunications contextRef="AsOf2024-08-27" id="Fact000022">false</dei:WrittenCommunications>
    <dei:SolicitingMaterial contextRef="AsOf2024-08-27" id="Fact000023">false</dei:SolicitingMaterial>
    <dei:PreCommencementTenderOffer contextRef="AsOf2024-08-27" id="Fact000024">false</dei:PreCommencementTenderOffer>
    <dei:PreCommencementIssuerTenderOffer contextRef="AsOf2024-08-27" id="Fact000025">false</dei:PreCommencementIssuerTenderOffer>
    <dei:Security12bTitle
      contextRef="From2024-08-272024-08-27_us-gaap_CommonStockMember"
      id="Fact000026">Common     Stock, $0.01 Par Value</dei:Security12bTitle>
    <dei:TradingSymbol
      contextRef="From2024-08-272024-08-27_us-gaap_CommonStockMember"
      id="Fact000027">O</dei:TradingSymbol>
    <dei:SecurityExchangeName
      contextRef="From2024-08-272024-08-27_us-gaap_CommonStockMember"
      id="Fact000028">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle
      contextRef="From2024-08-272024-08-27_custom_Series6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember"
      id="Fact000029">6.000% Series A Cumulative Redeemable Preferred Stock, $0.01 Par Value</dei:Security12bTitle>
    <dei:TradingSymbol
      contextRef="From2024-08-272024-08-27_custom_Series6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember"
      id="Fact000030">O     PR</dei:TradingSymbol>
    <dei:SecurityExchangeName
      contextRef="From2024-08-272024-08-27_custom_Series6.000PercentACumulativeRedeemablePreferredStock0.01ParValueMember"
      id="Fact000031">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle
      contextRef="From2024-08-272024-08-27_custom_Notes1.125PercentDue2027Member"
      id="Fact000032">1.125% Notes due 2027</dei:Security12bTitle>
    <dei:TradingSymbol
      contextRef="From2024-08-272024-08-27_custom_Notes1.125PercentDue2027Member"
      id="Fact000033">O27A</dei:TradingSymbol>
    <dei:SecurityExchangeName
      contextRef="From2024-08-272024-08-27_custom_Notes1.125PercentDue2027Member"
      id="Fact000034">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle
      contextRef="From2024-08-272024-08-27_custom_Notes1.875PercentDue2027Member"
      id="Fact000035">1.875% Notes due 2027</dei:Security12bTitle>
    <dei:TradingSymbol
      contextRef="From2024-08-272024-08-27_custom_Notes1.875PercentDue2027Member"
      id="Fact000036">O27B</dei:TradingSymbol>
    <dei:SecurityExchangeName
      contextRef="From2024-08-272024-08-27_custom_Notes1.875PercentDue2027Member"
      id="Fact000037">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle
      contextRef="From2024-08-272024-08-27_custom_Notes1.625PercentDue2030Member"
      id="Fact000038">1.625% Notes due 2030</dei:Security12bTitle>
    <dei:TradingSymbol
      contextRef="From2024-08-272024-08-27_custom_Notes1.625PercentDue2030Member"
      id="Fact000039">O30</dei:TradingSymbol>
    <dei:SecurityExchangeName
      contextRef="From2024-08-272024-08-27_custom_Notes1.625PercentDue2030Member"
      id="Fact000040">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle
      contextRef="From2024-08-272024-08-27_custom_Notes4.875PercentDue2030Member"
      id="Fact000041">4.875% Notes due 2030</dei:Security12bTitle>
    <dei:TradingSymbol
      contextRef="From2024-08-272024-08-27_custom_Notes4.875PercentDue2030Member"
      id="Fact000042">O30A</dei:TradingSymbol>
    <dei:SecurityExchangeName
      contextRef="From2024-08-272024-08-27_custom_Notes4.875PercentDue2030Member"
      id="Fact000043">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle
      contextRef="From2024-08-272024-08-27_custom_Notes5.750PercentDue2031Member"
      id="Fact000044">5.750% Notes due 2031</dei:Security12bTitle>
    <dei:TradingSymbol
      contextRef="From2024-08-272024-08-27_custom_Notes5.750PercentDue2031Member"
      id="Fact000045">O31A</dei:TradingSymbol>
    <dei:SecurityExchangeName
      contextRef="From2024-08-272024-08-27_custom_Notes5.750PercentDue2031Member"
      id="Fact000046">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle
      contextRef="From2024-08-272024-08-27_custom_Notes1.750PercentDue2033Member"
      id="Fact000047">1.750% Notes due 2033</dei:Security12bTitle>
    <dei:TradingSymbol
      contextRef="From2024-08-272024-08-27_custom_Notes1.750PercentDue2033Member"
      id="Fact000048">O33A</dei:TradingSymbol>
    <dei:SecurityExchangeName
      contextRef="From2024-08-272024-08-27_custom_Notes1.750PercentDue2033Member"
      id="Fact000049">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle
      contextRef="From2024-08-272024-08-27_custom_Notes5.125PercentDue2034Member"
      id="Fact000050">5.125% Notes due 2034</dei:Security12bTitle>
    <dei:TradingSymbol
      contextRef="From2024-08-272024-08-27_custom_Notes5.125PercentDue2034Member"
      id="Fact000051">O34</dei:TradingSymbol>
    <dei:SecurityExchangeName
      contextRef="From2024-08-272024-08-27_custom_Notes5.125PercentDue2034Member"
      id="Fact000052">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle
      contextRef="From2024-08-272024-08-27_custom_Notes6.000PercentDue2039Member"
      id="Fact000053">6.000% Notes due 2039</dei:Security12bTitle>
    <dei:TradingSymbol
      contextRef="From2024-08-272024-08-27_custom_Notes6.000PercentDue2039Member"
      id="Fact000054">O39</dei:TradingSymbol>
    <dei:SecurityExchangeName
      contextRef="From2024-08-272024-08-27_custom_Notes6.000PercentDue2039Member"
      id="Fact000055">NYSE</dei:SecurityExchangeName>
    <dei:Security12bTitle
      contextRef="From2024-08-272024-08-27_custom_Notes2.500PercentDue2042Member"
      id="Fact000056">2.500% Notes due 2042</dei:Security12bTitle>
    <dei:TradingSymbol
      contextRef="From2024-08-272024-08-27_custom_Notes2.500PercentDue2042Member"
      id="Fact000057">O42</dei:TradingSymbol>
    <dei:SecurityExchangeName
      contextRef="From2024-08-272024-08-27_custom_Notes2.500PercentDue2042Member"
      id="Fact000058">NYSE</dei:SecurityExchangeName>
    <dei:EntityEmergingGrowthCompany contextRef="AsOf2024-08-27" id="Fact000059">false</dei:EntityEmergingGrowthCompany>
</xbrl>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
