<SEC-DOCUMENT>0001539497-21-000696.txt : 20210513
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<ACCEPTANCE-DATETIME>20210513164229
ACCESSION NUMBER:		0001539497-21-000696
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		25
CONFORMED PERIOD OF REPORT:	20210510
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20210513
DATE AS OF CHANGE:		20210513

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LEXINGTON REALTY TRUST
		CENTRAL INDEX KEY:			0000910108
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				133717318
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12386
		FILM NUMBER:		21920289

	BUSINESS ADDRESS:	
		STREET 1:		ONE PENN PLAZA
		STREET 2:		SUITE 4015
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10119
		BUSINESS PHONE:		(212) 692-7200

	MAIL ADDRESS:	
		STREET 1:		ONE PENN PLAZA
		STREET 2:		SUITE 4015
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10119

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LEXINGTON CORPORATE PROPERTIES TRUST
		DATE OF NAME CHANGE:	19980625

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LEXINGTON CORPORATE PROPERTIES INC
		DATE OF NAME CHANGE:	19930816
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><b>UNITED STATES</b></p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Washington, D.C. 20549</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">FORM <span id="xdx_903_edei--DocumentType_c20210510__20210510_z8D1LEJozFh1"><ix:nonNumeric contextRef="From2021-05-10to2021-05-10" name="dei:DocumentType">8-K</ix:nonNumeric></span></p>

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

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Pursuant to Section 13 OR 15(d) of</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">The Securities Exchange Act of 1934</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Date of Report (Date of earliest event reported):
<b><span id="xdx_903_edei--DocumentPeriodEndDate_c20210510__20210510_z1IILX7Zsixj"><ix:nonNumeric contextRef="From2021-05-10to2021-05-10" format="ixt:datemonthdayyearen" name="dei:DocumentPeriodEndDate">May 10, 2021</ix:nonNumeric></span></b></p>

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

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    <td style="padding: 0.25pt 5.65pt; font-size: 10pt; text-align: center"><span style="font-size: 10pt">(Exact name of registrant as specified in its charter)</span></td></tr>
<tr style="vertical-align: top">
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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

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

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b><span style="text-decoration: underline"><span id="xdx_906_edei--CityAreaCode_c20210510__20210510_zUT2OY1vkleg"><ix:nonNumeric contextRef="From2021-05-10to2021-05-10" name="dei:CityAreaCode">(212)</ix:nonNumeric></span> <span id="xdx_90B_edei--LocalPhoneNumber_c20210510__20210510_zyWXSE2LUZN2"><ix:nonNumeric contextRef="From2021-05-10to2021-05-10" name="dei:LocalPhoneNumber">692-7200</ix:nonNumeric></span></span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Registrant&#8217;s telephone number, including area
code)</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b><span style="text-decoration: underline">Not
Applicable</span></b></p>

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

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2.):</p>

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

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
    <td style="width: 0px">&#160;</td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
    <td style="width: 0px">&#160;</td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr style="vertical-align: top">
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    <td style="font-size: 10pt; text-align: justify"><span style="font-size: 10pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">Emerging growth company <span id="xdx_908_edei--EntityEmergingGrowthCompany_c20210510__20210510_z2StnIVOjgf5"><ix:nonNumeric contextRef="From2021-05-10to2021-05-10" format="ixt:booleanfalse" name="dei:EntityEmergingGrowthCompany">&#9744;</ix:nonNumeric></span></p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 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 13(a) of the Exchange Act. &#9744;</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">Securities registered pursuant
to Section 12(b) of the Act:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: -0.25in">&#160;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;<b>Item 8.01.</b>&#160;&#160;&#160;&#160;<b>Other Events.</b></p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">On May
10, 2021, Lexington Realty Trust (the &#8220;Trust&#8221;) entered into (i) the Underwriting Agreement, dated May 10, 2021 (the&#160;&#8220;Underwriting
Agreement&#8221;), among the Trust and J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, in their capacities as forward sellers
(collectively, the &#8220;Forward Sellers&#8221;); JPMorgan Chase Bank, National Association and Wells Fargo Bank, National Association,
in their capacities as forward counterparties (collectively, the &#8220;Forward Counterparties&#8221;); and Wells Fargo Securities, LLC,
J.P. Morgan Securities LLC and KeyBanc Capital Markets Inc., in their capacities as underwriters (collectively, the &#8220;Underwriters&#8221;);
and (ii) the two letter agreements and supplemental confirmations, each dated May 10, 2021 (collectively, the &#8220;Confirmations&#8221;),
by and between the Trust and each of the Forward Counterparties,&#160;<span style="background-color: white">relating to the forward issuance
and sale of 16,000,000 shares of beneficial interest classified as common stock, par value $0.0001 per share, which we refer to as Common
Shares.&#160;</span>The initial forward price under the Confirmations is $12.108 per Common Share.<span style="background-color: white">&#160;
The sale of Common Shares closed on May 13,&#160;2021. The Trust granted the Underwriters a 30-day option from the date of the Underwriting
Agreement to purchase up to an additional 2,400,000 Common Shares at the initial forward price.</span></p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in; background-color: white">The
Underwriting Agreement contains customary representations, warranties and covenants by the Trust. It also provides for customary indemnification
of the Underwriters, the Forward Sellers, the Forward Counterparties and the Trust for certain losses or damages arising out of or in connection with the sale of the Common Shares.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">The Common
Shares were offered pursuant to an effective shelf registration statement on Form S-3 (File No. 333-253297) on file with the Securities
and Exchange Commission. Copies of the Underwriting Agreement and the Confirmations are attached as Exhibits 1.1 through 1.5 to this Current
Report on Form&#160;8-K and are incorporated herein by reference. The foregoing description of the Underwriting Agreement and Confirmations
i<span style="background-color: white">s qualified in its entirety by reference to the full text of </span>each such agreement.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">Venable
LLP, as counsel to the Trust, has issued its opinion with respect to the legality of the Common Shares, which opinion is attached hereto
and incorporated herein by reference as Exhibit 5.1.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">On May
10, 2021, the Trust issued a press release announcing the commencement of the offering of the Common Shares. A copy of the press release
is attached as Exhibit 99.1 hereto and is incorporated herein by reference.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">On May
11, 2021, the Trust issued a press release announcing the pricing of the offering of the Common Shares. A copy of the press release is
attached as Exhibit 99.2 hereto and is incorporated herein by reference.</p>

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

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>Item 9.01.&#160;&#160;&#160;&#160;Financial Statements and Exhibits.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 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: bottom">
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    <td style="padding: 1.75pt 1.25pt; width: 89%; font-size: 10pt"><span style="font-size: 10pt">Exhibits</span></td></tr>
  <tr>
    <td style="padding: 0.25pt 1.25pt">&#160;</td>
    <td style="padding: 0.25pt 1.25pt">&#160;</td></tr>
  <tr style="vertical-align: top">
    <td style="padding: 1.75pt 1.25pt; font-size: 10pt"><a href="exh_1-1ua.htm" style="-sec-extract: exhibit">1.1</a></td>
    <td style="padding: 1.75pt 1.25pt; font-size: 10pt; text-align: justify"><a href="exh_1-1ua.htm" style="-sec-extract: exhibit">Underwriting Agreement, dated as of May 10, 2021, among
    the Trust, the Forward Sellers, the Forward Counterparties and the Underwriters.</a></td></tr>
  <tr style="vertical-align: top">
    <td style="padding: 1.75pt 1.25pt; font-size: 10pt"><a href="exh_1-2lxpforwardmaster.htm" style="-sec-extract: exhibit">1.2</a></td>
    <td style="padding: 1.75pt 1.25pt; font-size: 10pt; text-align: justify"><a href="exh_1-2lxpforwardmaster.htm" style="-sec-extract: exhibit">Master
    Confirmation of Registered Forward Transaction, dated as of May 10, 2021, between the Trust and JPMorgan Chase Bank, National
    Association.</a></td></tr>
  <tr style="vertical-align: top">
    <td style="padding: 1.75pt 1.25pt; font-size: 10pt"><a href="exh_1-3forwardsuppjpm.htm" style="-sec-extract: exhibit">1.3</a></td>
    <td style="padding: 1.75pt 1.25pt; font-size: 10pt; text-align: justify"><a href="exh_1-3forwardsuppjpm.htm" style="-sec-extract: exhibit">Supplemental Confirmation of Registered Forward Transaction,
    dated as of May 10, 2021, between the Trust and JPMorgan Chase Bank, National Association.</a></td></tr>
  <tr style="vertical-align: top">
    <td style="padding: 1.75pt 1.25pt; font-size: 10pt"><a href="exh_1-4forwardmasterwf.htm" style="-sec-extract: exhibit">1.4</a></td>
    <td style="padding: 1.75pt 1.25pt; font-size: 10pt; text-align: justify"><a href="exh_1-4forwardmasterwf.htm" style="-sec-extract: exhibit">Master
    Confirmation of Registered Forward Transaction, dated as of May 10, 2021, between the Trust and Wells Fargo Bank, National
    Association.</a></td></tr>
  <tr style="vertical-align: top">
    <td style="padding: 1.75pt 1.25pt; font-size: 10pt"><a href="exh_1-5forwardsuppwf.htm" style="-sec-extract: exhibit">1.5</a></td>
    <td style="padding: 1.75pt 1.25pt; font-size: 10pt; text-align: justify"><a href="exh_1-5forwardsuppwf.htm" style="-sec-extract: exhibit">Supplemental Confirmation of Registered Forward Transaction,
    dated as of May 10, 2021, between the Trust and Wells Fargo Bank, National Association.</a></td></tr>
  <tr style="vertical-align: top">
    <td style="padding: 1.75pt 1.25pt; font-size: 10pt"><a href="exh_5-1lexingtonopinion.htm" style="-sec-extract: exhibit">5.1</a></td>
    <td style="padding: 1.75pt 1.25pt; font-size: 10pt; text-align: justify"><a href="exh_5-1lexingtonopinion.htm" style="-sec-extract: exhibit">Opinion of Venable LLP.</a></td></tr>
  <tr style="vertical-align: top">
    <td style="padding: 1.75pt 1.25pt; font-size: 10pt"><a href="exh_5-1lexingtonopinion.htm" style="-sec-extract: exhibit">23.1</a></td>
    <td style="padding: 1.75pt 1.25pt; font-size: 10pt; text-align: justify"><a href="exh_5-1lexingtonopinion.htm" style="-sec-extract: exhibit">Consent of Venable LLP (included in Exhibit 5.1).</a></td></tr>

<tr style="vertical-align: top">
    <td style="padding: 1.75pt 1.25pt; width: 11%; font-size: 10pt"><a href="exh_99-1launchpressrel.htm" style="-sec-extract: exhibit">99.1</a></td>
    <td style="padding: 1.75pt 1.25pt; width: 89%; font-size: 10pt; text-align: justify"><a href="exh_99-1launchpressrel.htm" style="-sec-extract: exhibit">Press Release issued May 10, 2021.</a></td></tr>
  <tr style="vertical-align: top">
    <td style="padding: 1.75pt 1.25pt; font-size: 10pt"><a href="exh_99-2pricingpressrely.htm" style="-sec-extract: exhibit">99.2</a></td>
    <td style="padding: 1.75pt 1.25pt; font-size: 10pt; text-align: justify"><a href="exh_99-2pricingpressrely.htm" style="-sec-extract: exhibit">Press Release issued May 11, 2021.</a></td></tr>
  </table>

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

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

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

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td colspan="2"><span style="font-size: 10pt">Lexington Realty Trust</span></td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td colspan="2">&#160;</td></tr>
  <tr style="vertical-align: top">
    <td style="width: 53%"><span style="font-size: 10pt">Date: May 13, 2021</span></td>
    <td style="width: 6%"><span style="font-size: 10pt">By: </span></td>
    <td style="border-bottom: Black 1pt solid; width: 41%"><span style="font-size: 10pt">/s/ Beth Boulerice</span></td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td>
    <td><span style="font-size: 10pt">Beth Boulerice</span></td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td>
    <td><span style="font-size: 10pt">Chief Financial Officer</span></td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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

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<DESCRIPTION>UNDERWRITING AGREEMENT, DATED AS OF MAY 10, 2021
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<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Exhibit 1.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<DIV STYLE="padding: 23pt 0in; border-top: gray 2.25pt solid; border-bottom: gray 2.25pt solid">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: center">LEXINGTON REALTY TRUST</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 48pt; text-align: center">16,000,000 Shares of Beneficial Interest Classified
as Common Stock</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">UNDERWRITING AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">Dated: May 10, 2021</P>

</DIV>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>LEXINGTON REALTY TRUST</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>16,000,000 Shares of Beneficial Interest
Classified as Common Stock</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B><U>UNDERWRITING AGREEMENT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">May 10, 2021</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">J.P. Morgan Securities LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">383 Madison Avenue, 6th Floor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">New York, New York 10179</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">500 West 33rd Street, 14th Floor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">New York, NY 10001</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">KeyBanc Capital Markets Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">127 Public Square, 4th Floor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">Cleveland, OH 44114</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">THIS UNDERWRITING AGREEMENT (this &#8220;<U>Agreement</U>&#8221;)
is made as of May 10, 2021, by and between Lexington Realty Trust, a Maryland real estate investment trust (the &#8220;<U>Company</U>&#8221;),
and J.P. Morgan Securities LLC, Wells Fargo Securities, LLC and KeyBanc Capital Markets Inc., in J.P. Morgan Securities LLC&#8217;s and
Wells Fargo Securities, LLC&#8217;s capacities as agent for JPMorgan Chase Bank, National Association and Wells Fargo Bank, National Association
(the &#8220;<U>Forward Counterparties</U>&#8221; (in such agency capacities as sellers of Common Shares (as defined below), the &#8220;<U>Forward
Sellers</U>&#8221;), at the request of the Company in connection with the terms of the Forward Sale Agreements (as defined below), hereby
confirm their agreement with each of the Underwriters named in Schedule I hereto (collectively, the &#8220;<U>Underwriters</U>&#8221;)
with respect to the sale (subject to Section 21 hereof) by the Forward Sellers and the purchase by the Underwriters, acting severally
and not jointly, of an aggregate of 16,000,000 shares of beneficial interest of the Company classified as common stock, par value $0.0001
per share (the &#8220;<U>Common Shares</U>&#8221;) (the &#8220;<U>Borrowed Underwritten Securities</U>&#8221;) and the grant to the Underwriters
acting severally and not jointly, of the option described hereof to purchase up to the number of additional Common Shares set forth in
Schedule I hereto (the &#8220;<U>Option Securities</U>&#8221;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Any Option Securities sold
to the Underwriters by the Forward Sellers pursuant to Section 3 hereof upon exercise of the option described therein are herein referred
to as the &#8220;<U>Borrowed Option Securities</U>.&#8221; Any Option Securities sold to the Underwriters by the Company pursuant to Section
3 hereof upon exercise of such option and any Company Top-Up Option Securities (as defined in Section 21(a) hereof) are herein referred
to as the &#8220;<U>Company Option Securities</U>.&#8221;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Borrowed Underwritten
Securities and the Company Top-Up Underwritten Securities (as defined in Section 3 hereof) are herein referred to as &#8220;<U>Underwritten
Securities</U>.&#8221;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Company Top-Up Underwritten
Securities and the Company Option Securities are herein referred to collectively as the &#8220;<U>Company Securities</U>.&#8221;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Borrowed Underwritten
Securities and the Borrowed Option Securities are herein referred to collectively as the &#8220;<U>Borrowed Securities</U>.&#8221;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Borrowed Securities
and the Company Securities are herein referred to as the &#8220;<U>Securities</U>.&#8221; The Securities are described in the Final Prospectus
which is referred to below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">As used herein, the &#8220;<U>Forward
Sale Agreement</U>&#8221; means each letter agreement, dated the date hereof, between the Company and each Forward Counterparty, relating
to the forward sale by the Company, subject to the Company&#8217;s right to elect Cash Settlement or Net Share Settlement (as such terms
are defined in the Forward Sale Agreements), of a number of Common Shares equal to the number of Borrowed Underwritten Securities sold
by the relevant Forward Seller to the Underwriters pursuant to this Agreement. References herein to the &#8220;<U>Forward Sale Agreement</U>&#8221;
are to the initial Forward Sale Agreement and/or any Option Forward Sale Agreement contemplated in Section 3 below as the context requires.
The Forward Sale Agreements are collectively referred to as the &#8220;<U>Forward Sale Agreements</U>&#8221;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Company understands
that the Underwriters propose to make a public offering of the Securities on the terms set forth herein as soon as the Underwriters deem
advisable after this Agreement has been executed and delivered, it being understood that the Company, the Forward Counterparties, the
Forward Sellers and the Underwriters will determine the public offering price per share for the Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 1. <U>Description
of Securities</U><FONT STYLE="font-size: 10pt">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Company has prepared
and filed with the Securities and Exchange Commission (the &#8220;<U>Commission</U>&#8221;), in accordance with the provisions of the
Securities Act of 1933, as amended, and the rules and regulations thereunder (collectively, the &#8220;<U>Securities Act</U>&#8221;),
an automatic shelf registration statement on Form S-3ASR (File No. 333-253297), which became effective upon filing, covering the registration
of the Securities and certain other securities of the Company. Promptly after execution and delivery of this Agreement and the Forward
Sale Agreements, the Company will prepare and file a prospectus supplement in accordance with the provisions of Rule 430B (&#8220;<U>Rule
430B</U>&#8221;) of the Securities Act and paragraph (b) of Rule 424 (&#8220;<U>Rule 424(b)</U>&#8221;) of the Securities Act. Any information
included in a prospectus and such related prospectus supplement that was omitted from such registration statement at the time it became
effective but that is deemed to be part of and included in such registration statement pursuant to Rule 430B is referred to as &#8220;Rule
430B Information.&#8221; Each prospectus and prospectus supplement used in connection with the offering of the Securities that omitted
Rule 430B Information is herein called a &#8220;preliminary prospectus.&#8221; Such registration statement, at any given time, together
with the amendments thereto to such time, the exhibits and any schedules thereto at such time, the documents incorporated by reference
therein pursuant to Item 12 of Form S-3 under the Securities Act at such time, the documents otherwise deemed to be a part thereof or
included therein by the Securities Act at such time and the Rule 430B Information, are herein called, collectively, the &#8220;Registration
Statement.&#8221; Any registration statement filed pursuant to Rule 462(b) of the Securities Act is herein referred to as the &#8220;
Rule 462(b) Registration Statement,&#8221; and after such filing the term &#8220;Registration Statement&#8221; shall include the Rule
462(b) Registration Statement. The final prospectus 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 173 under the Securities
Act or otherwise) or, if not furnished to the Underwriters, in the form first filed by the Company pursuant to Rule 424(b), together with
the documents incorporated by reference therein pursuant to Item 12 of Form S-3 under the Securities Act at the time of execution of this
Agreement and any preliminary prospectuses that form a part thereof is herein called the &#8220;Prospectus.&#8221; For purposes of this
Agreement, all references to the Registration Statement, any preliminary prospectus, the Prospectus or any amendment or supplement to
any of the foregoing shall be deemed to include the copy filed with the Commission pursuant to its Electronic Data Gathering, Analysis
and Retrieval system (&#8220;<U>EDGAR</U>&#8221;), as supplemented by its Interactive Data Electronic Applications system.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">All references in this
Agreement to financial statements and schedules and other information which is &#8220;contained,&#8221; &#8220;included&#8221; or &#8220;stated&#8221;
in the Registration Statement, any preliminary prospectus or the</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">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 by reference
in or otherwise deemed by the Securities Act to be a part of or included in the Registration Statement, any preliminary 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 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 &#8220;<U>Exchange Act</U>&#8221;), which is incorporated by reference in or otherwise deemed by the Securities
Act to be a part of or included in the Registration Statement, any preliminary prospectus or the Prospectus, as the case may be, as of
the time at which such representation, warranty or agreement is made.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 2. <U>Representations
and Warranties</U><FONT STYLE="font-size: 10pt">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(a) <I>Representations
and Warranties by the Company. </I>The Company hereby represents and warrants to the Underwriters, the Forward Sellers and the Forward
Counterparties as of the date hereof, as of the Forward Sale Time (as defined below), as of the Closing Date referred to in <U>Section
3(c)</U> hereof and as of each Option Closing Date (if any) referred to in <U>Section 3(b) </U>hereof, and agrees with the Underwriters,
the Forward Sellers and the Forward Counterparties, as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(1) The Company meets
the requirements for use of Form S-3 under the Securities Act. The Registration Statement and any post-effective amendments thereto have
become effective under the Securities Act. No stop order suspending the effectiveness of the Registration Statement has been issued under
the Securities Act and no proceedings for that purpose or pursuant to Section 8A under the Securities Act 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: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(2) At the respective
times the Registration Statement and any post-effective amendments thereto became or become effective, at each deemed effective date of
the Registration Statement with respect to the Underwriters pursuant to Rule 430B(f)(2) of the Securities Act and at the Closing Date
(and, if any Option Securities are purchased, at the applicable Option Closing Date), the Registration Statement complied and will comply
in all material respects with the requirements of the Securities Act 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(3) The Prospectus
and any amendments or supplements thereto, at the time the Prospectus or any such amendment or supplement was issued and at the Closing
Date (and, if any Option Securities are purchased, at the applicable Option Closing Date), complied and will comply in all material respects
with the requirements of the Securities Act and did not and will not include an untrue statement of a material fact or 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: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(4) Each preliminary
prospectus (including any prospectus or prospectuses filed as part of the Registration Statement at the time it originally became effective
or any amendment thereto), complied when so filed in all material respects with the Securities Act and each preliminary prospectus and
the Prospectus delivered to the Underwriters for use in connection with the offering of the Securities was identical to the electronically
transmitted copies thereof filed with the Commission pursuant to EDGAR, except to the extent permitted by Regulation S-T.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(5) As of the Forward
Sale Time, neither (x) the Issuer General Use Free Writing Prospectus(es) (as defined below) issued at or prior to the Forward Sale Time
(as defined below),</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">each preliminary prospectus issued at
or prior to the Forward Sale Time and the information included on <U>Schedule III</U> hereto all considered together (collectively, the
&#8220; <U>Disclosure Package</U>&#8221;), nor (y) any individual Issuer Limited Use Free Writing Prospectus (as defined below), when
considered together with the Disclosure Package, included any untrue statement of a material fact or omitted 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: 0 0 12pt 1in; text-align: justify; text-indent: 0in">As used in this subsection
and elsewhere in this Agreement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 0in">&#8220;<U>Forward Sale
Time</U>&#8221; means 10:30 P.M. (Eastern time) on May 10, 2021 or such other time as agreed by the Company and the Underwriters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 0in">&#8220;<U>Issuer Free
Writing Prospectus</U>&#8221; means any &#8220;issuer free writing prospectus,&#8221; as defined in Rule 433 of the Securities Act (&#8220;<U>Rule
433</U>&#8221;), relating to the Securities that (i) is required to be filed with the Commission by the Company, (ii) is a &#8220;road
show that is a written communication&#8221; within the meaning of Rule 433(d)(8)(i), whether or not required to be filed with the Commission,
or (iii) is exempt from filing pursuant to Rule 433(d)(5)(i) 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&#8217;s records pursuant to Rule 433(g).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 0in">&#8220;<U>Issuer General
Use Free Writing Prospectus</U>&#8221; means any Issuer Free Writing Prospectus that is intended for general distribution to prospective
investors (other than a &#8220;road show&#8221; (as defined in Rule 433(h)) that is not required to be filed with the Commission pursuant
to Rule 433(d)(8)(i)), as evidenced by its being specified in <U>Schedule II</U> hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: 0in">&#8220;<U>Issuer Limited
Use Free Writing Prospectus</U>&#8221; 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: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(6) Each Issuer Free
Writing Prospectus relating to the Securities, 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 Underwriters as described in <U>Section
4(e)</U> hereof, did not, does not and will not include any information that conflicted, conflicts or will conflict with the information
contained in the Registration Statement or the Prospectus, including any incorporated document any preliminary or other prospectus deemed
to be a part thereof that has not been superseded or modified, or did not, does not and will not include or, when considered together
with the Registration Statement, the Disclosure Package and the Prospectus and all amendments and supplement thereto, and all other Issuer
Free Writing Prospectuses and all amendments and supplements thereto, will include an untrue statement of a material fact or did not,
does not or will not omit to state a material fact necessary in order to make the statements therein, in light of the circumstances, prevailing
at such time, not misleading.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(7) The representations
and warranties in subsections 1 through 6 of this <U>Section 2</U> 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 or on behalf of any of the Underwriters expressly for use therein (the &#8220;<U>Underwriters&#8217; Information</U>&#8221;).
The parties acknowledge and agree that the Underwriters&#8217; Information consists solely of the following information: (i) the names
of the Underwriters on the cover page and the back cover page of the Prospectus&#894; (ii) the first sentence of the fourth paragraph
under &#8220;Underwriting&#8221; on p. S-11&#894; (iii) the fifth paragraph on page S-11&#894; and (iv) the first paragraph,</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">the second paragraph and the third paragraph
under the subheading &#8220;Price Stabilization, Short Positions&#8221; under &#8220;Underwriting&#8221; on pages S-14 and S-15.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(8) The documents
incorporated or deemed to be incorporated by reference in the Registration Statement, the Disclosure Package and the Prospectus, when
they became effective or at the time they were or hereafter are filed with the Commission, as of such date, complied and will comply in
all material respects with the requirements of the Exchange Act, as applicable, and, when read together with the other information in
the Prospectus, the Registration Statement, the Disclosure Package or the Prospectus, as the case may be, 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, in light of the circumstances under which they were made, not misleading.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(9) At the time of
filing of the Registration Statement and any post-effective amendments thereto, at the earliest time thereafter that the Company or another
offering participant made a bona fide offer (within the meaning of Rule 164(h)(2) of the Securities Act) of the Securities and at the
date hereof, the Company was not and is not an &#8220;ineligible issuer,&#8221; as defined in Rule 405 of the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(10) The descriptions
in the Registration Statement, the Disclosure Package and the Prospectus of the contracts, leases and other legal documents therein described
present fairly the information required to be shown, and there are no contracts, leases, or other documents of a character required to
be described in the Registration Statement, the Disclosure Package or the Prospectus or to be filed as exhibits to the Registration Statement,
which are not described or filed as required; there are no legal or governmental proceedings pending or, to the knowledge of the Company,
threatened, to which the Company or any Subsidiary (as defined below) is subject that are required to be described in the Registration
Statement, the Disclosure Package or the Prospectus and are not so described; there are no statutes or regulations applicable to the Company
or any Subsidiary or certificates, permits or other authorizations from governmental regulatory officials or bodies required to be obtained
or maintained by the Company or any Subsidiary of a character required to be disclosed that are not so described therein as required;
all agreements between the Company or any Subsidiary and third parties expressly referenced in the Registration Statement, the Disclosure
Package and the Prospectus are legal, valid and binding obligations of the Company or the Subsidiary, enforceable in accordance with their
respective terms, except to the extent enforceability may be limited by bankruptcy, insolvency, reorganization or other laws of general
applicability relating to or affecting creditors&#8217; rights and by general equity principles; there are no business relationships or
related-party transactions involving the Company or any Subsidiary required to be described in the Registration Statement, the Disclosure
Package and the Prospectus which have not been so described as required.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(11) Deloitte &amp;
Touche LLP, who audited the financial statements and supporting schedules of the Company and its Subsidiaries for its fiscal years ended
December 31, 2020, December 31, 2019 and 2018, which are included or incorporated by reference in the Registration Statement, the Disclosure
Package and the Prospectus, is an independent registered public accounting firm with respect to the Company as required by the Securities
Act, the Exchange Act and the Public Company Accounting Oversight Board (&#8220;<U>PCAOB</U>&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(12) The financial
statements of the Company and its Subsidiaries (collectively, the &#8220;<U>Company Financial Statements</U>&#8221;), included or incorporated
by reference in the Registration Statement, the Disclosure Package and the Prospectus, and any financial statements required by Rule 3-14
of Regulation S-X (the &#8220;<U>Acquisition Financial Statements</U>&#8221;), which are incorporated by</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">reference in the Registration Statement,
the Disclosure Package and the Prospectus, present fairly the financial position of the Company and its consolidated Subsidiaries at the
dates indicated, or, if applicable, with respect to the Acquisition Financial Statements, the respective property or tenant; and all such
financial statements have been prepared in conformity with United States generally accepted accounting principles (&#8220;<U>GAAP</U>&#8221;)
applied on a consistent basis throughout the periods involved and comply with all applicable accounting requirements under the Securities
Act and the Exchange Act, except as disclosed therein and that unaudited financial statements may not contain all footnotes required by
GAAP and subject, in the case of unaudited financial statements, to normal year-end audit adjustments. The supporting schedules, if any,
included or incorporated by reference in the Registration Statement, the Disclosure Package and the Prospectus present fairly, in accordance
with GAAP, the information required to be stated therein. There are no financial statements or schedules required to be included or incorporated
by reference in the Registration Statement, the Disclosure Package or the Prospectus under the Securities Act, which are not so included
or incorporated. If applicable, the unaudited pro forma financial information (including the related notes) included or incorporated by
reference in the Registration Statement, the Disclosure Package or the Prospectus complies as to form in all material respects with the
applicable accounting requirements of the Securities Act, and management of the Company believes that the assumptions underlying the pro
forma adjustments are reasonable. If applicable, such pro forma adjustments have been properly applied to the historical amounts in the
compilation of the information and such information fairly presents with respect to the Company and its consolidated Subsidiaries, the
financial position, results of operations and other information purported to be shown therein at the respective dates and for the respective
periods specified. No pro forma financial information is required to be included or incorporated by reference in the Registration Statement,
the Disclosure Package or the Prospectus which is not so included or incorporated. Any non-GAAP financial measures, as defined under Regulation
G of the Exchange Act (&#8220;<U>Regulation G</U>&#8221;), included or incorporated by reference in the Registration Statement, the Disclosure
Package and the Prospectus are permitted for use in documents filed with the Commission and comply with Regulation G and Item 10 of Regulation
S-K of the Securities Act, to the extent applicable. The ratio of earnings to fixed charges, if any, contained in the Registration Statement,
the Disclosure Package and the Prospectus has been calculated in accordance with Item 503(d) of Regulation S-K. The interactive data in
eXtensible Business Reporting Language incorporated by reference in the Registration Statement, the Disclosure Package and the Prospectus
fairly presents the information called for in all material respects and has been prepared in accordance with the Commission&#8217;s rules
and guidelines applicable thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(13) Since the respective
dates as of which information is given in the Registration Statement, the Disclosure Package or the Prospectus, except as otherwise stated
therein, (A) there has been no material adverse change, nor any development or event involving a prospective material adverse change,
in the condition, financial or otherwise, or in the earnings, investment portfolio, business affairs or business prospects of the Company
and the Subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business (a &#8220;<U>Material Adverse
Effect</U>&#8221;), (B) there have been no transactions entered into by any of the Company or the Subsidiaries, which are material with
respect to the Company and the Subsidiaries, considered as one enterprise, and (C) except as disclosed in the Company&#8217;s press releases,
there has been no dividend or distribution of any kind declared, paid or made by the Company on any class of its shares of beneficial
interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(14) The Company
has been duly organized and is an existing statutory real estate investment trust in good standing under the laws of the State of Maryland,
with power and authority (trust or other) to own and operate its properties and conduct its business as described in the Registration
Statement, the Disclosure Package and the Prospectus. Except where the failure to so</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">qualify or to be in good standing would
not result in a Material Adverse Effect, the Company is duly qualified to do business as a foreign entity in good standing in all other
jurisdictions in which its ownership or lease of property or the conduct of its business requires such qualification.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(15) Exhibit 21 of
the Company&#8217;s most recent Annual Report on Form 10-K, attached hereto as <U>Exhibit B</U>, together with supplements noted in Exhibit
B (which may be modified from time to time by the Company upon notice to the Underwriters in writing on or prior to the date hereof),
is a true, correct and complete list, as of the date hereof, of all of the subsidiaries of the Company controlled directly or indirectly
by the Company (each, a &#8220;<U>Subsidiary</U>&#8221; and collectively, the &#8220;<U>Subsidiaries</U>&#8221;), including the jurisdiction
of incorporation or organization of each such Subsidiary and including each Subsidiary that is a &#8220;significant subsidiary&#8221;
as defined by Rule 1-02 of Regulation S-X. For the avoidance of doubt, the term &#8220;Subsidiary&#8221; as used in this Agreement and
the Exhibits hereto includes, without limitation, Lepercq Corporate Income Fund L.P., a Delaware limited partnership (&#8220;<U>LCIF</U>&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(16) Each Subsidiary
has been duly incorporated or formed, as the case may be, and each is existing and in good standing under the laws of its respective jurisdiction
of incorporation or formation, with power and authority (corporate, partnership, trust or other) to own or lease its properties and conduct
its business as described in the Registration Statement, the Disclosure Package and the Prospectus. Except where the failure to so qualify
or to be in good standing would not result in a Material Adverse Effect, each Subsidiary is duly qualified to do business as a foreign
entity in good standing in all other jurisdictions in which its ownership or lease of property or the conduct of its business requires
such qualification. All of the issued and outstanding equity interests of each Subsidiary have been duly authorized and validly issued
and are fully paid and non-assessable; and the equity interests of each Subsidiary owned by the Company or another Subsidiary, directly
or through subsidiaries, are owned free from security interests, liens, claims, encumbrances and defects, except (i) as disclosed in the
Registration Statement, the Disclosure Package and the Prospectus or (ii) where such security interests, liens, claims, encumbrances and
defects would not have a Material Adverse Effect. Immediately prior to the consummation of the transactions contemplated hereby, the Company
owns the sole general partnership interest and a majority of the limited partnership interests in LCIF.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(17) The Company&#8217;s
authorized, issued and outstanding shares of beneficial interest of the Company as of March 31, 2021 are as set forth in the Company&#8217;s
Quarterly Report on Form 10Q for the quarter ended March 31, 2020 (No. 00112386), filed with the Commission on May 7, 2021. As of May
5, 2021, 277,628,373 Common Shares were issued and outstanding. This Agreement, the Forward Sale Agreements and the issuance and sale
of the Securities hereunder has been duly authorized by all appropriate action of the Company, all outstanding shares of beneficial interest
of the Company are, and, when the Securities have been delivered and paid for in accordance with this Agreement on the Closing Date and
each Option Closing Date, if any, such Securities will be, validly issued, fully paid and non-assessable and will conform to the description
thereof contained or incorporated by reference in the Disclosure Package and the Prospectus&#894; except as provided in the Company&#8217;s
Amended and Restated Dividend Reinvestment and Direct Shares Purchase plan or as described in the Disclosure Package and the Prospectus,
there is no outstanding option, warrant or other right calling for the issuance of, and no commitment, plan or arrangement to issue, any
shares of beneficial interest of the Company or any security convertible into or exchangeable for shares of beneficial interest of the
Company, and the shareholders of the Company have no preemptive or similar rights with respect to any shares of beneficial interest of
the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(18) Except as described
in the Registration Statement, the Disclosure Package and the Prospectus or as provided herein, there are no contracts, agreements or
understandings between the</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">Company or the Subsidiaries and any person
that would give rise to a valid claim against the Company or any of the Underwriters for a brokerage commission, finder&#8217;s fee or
other like payment in connection with the offering, issuance and sale of the Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(19) Except as described
in the Registration Statement, the Disclosure Package and the Prospectus, there are no contracts, agreements or understandings between
the Company or the Subsidiaries and any person granting such person the right to require the Company to file a registration statement
under the Securities Act with respect to any securities of the Company owned or to be owned by such person or to require the Company to
include such securities in the securities registered pursuant to the Registration Statement or in any securities being registered pursuant
to any other registration statement filed by the Company under the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(20) The Company
Securities and the Common Shares, if any, to be issued pursuant to the Forward Sale Agreements will be approved for listing on the New
York Stock Exchange (the &#8220;<U>NYSE</U>&#8221;) on or prior to the Closing Date, subject to final notice of issuance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(21) No consent,
approval, license, authorization, certificate, permit or order of, or filing with, any governmental agency or body or any court is required
for the consummation of the transactions contemplated by this Agreement or the Forward Sale Agreements including the valid authorization,
issuance, sale and delivery of the Securities, except such as may be required under the Securities Act, the Exchange Act, the rules of
the NYSE and state securities laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(22) The execution,
delivery and performance of this Agreement or the Forward Sale Agreements and the issuance and sale of the Securities or the issuance,
sale and delivery of the Common Shares upon settlement of the Forward Sale Agreement, will not result in a breach or violation of any
of the terms and provisions of, or constitute a default under, any statute, rule, regulation or order of any governmental agency or body
or any court, domestic or foreign, having jurisdiction over the Company or the Subsidiaries or any of their Properties (as defined below),
or any agreement or instrument to which the Company or any Subsidiary is a party or by which the Company or any Subsidiary is bound or
to which any of the Properties, as defined below, of the Company or any Subsidiary is subject, or the charter, by-laws, partnership agreement,
certificate of limited partnership, operating agreement or other organizational documents of the Company or any Subsidiary, and the Company
has full power and authority to authorize, issue, sell and deliver the Securities as contemplated by this Agreement or the Forward Sale
Agreements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(23) This Agreement
and the Forward Sale Agreements have been duly authorized, executed and delivered by the Company and constitutes the legal, valid and
binding obligation of the Company enforceable against the Company in accordance with its terms, except as the enforcement thereof may
be limited by bankruptcy, insolvency (including, without limitation, all laws relating to fraudulent transfers), reorganization, moratorium
or similar laws affecting enforcement of creditors&#8217; rights generally and except as enforcement thereof is subject to general principles
of equity (regardless of whether enforcement is considered in a proceeding in equity or at law).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(24) Except as described
in the Registration Statement, the Disclosure Package and the Prospectus, the Company, its Subsidiaries, and the joint ventures in which
the Company and its Subsidiaries have an ownership interest, have good and marketable title to all real properties and all other properties
and assets owned by them (each, a &#8220;<U>Property</U>&#8221; and collectively, the &#8220;<U>Properties</U>&#8221;), in each case free
from liens, encumbrances and defects, except where the existence of any lien, encumbrance or defect would not have a Material Adverse
Effect; the Company or the applicable Subsidiary has obtained an owner&#8217;s title insurance policy in an amount at least equal to</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">the cost of acquisition from a title
insurance company with respect to each of its real estate properties, except where the failure to obtain such owner&#8217;s title insurance
policy would not have a Material Adverse Effect; except as disclosed in the Registration Statement, the Disclosure Package and the Prospectus,
the Company and the Subsidiaries hold any leased real or personal property leased by them under valid and enforceable leases, except where
the invalidity or unenforceability of such leases, individually or collectively, would not have a Material Adverse Effect; no person has
an option or right of first refusal to purchase all or part of any Property or any interest therein for other than the fair market value,
except where the exercise of such option or right would not have a Material Adverse Effect; neither the Company nor any Subsidiary has
knowledge of any pending or threatened condemnation proceeding, zoning change, or other proceeding or action that will in any material
manner affect the size of, use of, improvements on, construction on or access to any of the Properties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(25) The Company
and the Subsidiaries possess adequate permits, licenses, franchises, certificates, authorities, consents, orders or approvals issued by
appropriate governmental agencies or bodies necessary to conduct the business now conducted by them or contemplated by the Registration
Statement, the Disclosure Package and the Prospectus and have not received any notice of proceedings relating to the revocation or modification
of any such permits, licenses, franchises, certificates, authorities, consents, orders or approvals that, if determined adversely to the
Company or any Subsidiary, would, individually or in the aggregate, have a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(26) No labor dispute
with the employees of the Company or any Subsidiary exists or, to the knowledge of the Company, is imminent that might have a Material
Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(27) The Company
and the Subsidiaries own, or have obtained valid and enforceable licenses for, the material inventions, patent applications, patents,
trademarks, trade names, service names, copyrights, trade secrets and other intellectual property as being owned or licensed by them and
which are necessary for the conduct of their respective businesses as currently conducted (collectively, &#8220;<U>Intellectual Property</U>&#8221;),
and the conduct of their respective businesses does not and will not infringe, misappropriate or otherwise conflict in any material respect
with any such rights of others. The Intellectual Property has not been adjudged by a court of competent jurisdiction to be invalid or
unenforceable, in whole or in part, and the Company is unaware of any facts which would form a reasonable basis for any such adjudication.
To the Company&#8217;s knowledge: (i) there are no third parties who have rights to any Intellectual Property, except for customary reversionary
rights of third-party licensors with respect to Intellectual Property as licensed to the Company or the Subsidiaries; and (ii) there is
no infringement by third parties of any Intellectual Property. Except as would not be reasonably likely to have a Material Adverse Effect,
there is no pending or, to the Company&#8217;s knowledge, threatened action, suit, proceeding or claim by others: (A) challenging the
Company&#8217;s or any Subsidiary&#8217;s rights in or to any Intellectual Property, and the Company is unaware of any facts which would
form a reasonable basis for any such action, suit, proceeding or claim; (B) challenging the validity, enforceability or scope of any Intellectual
Property, and the Company is unaware of any facts which would form a reasonable basis for any such action, suit, proceeding or claim;
or (C) asserting that the Company or any Subsidiary infringes or otherwise violates, any patent, trademark, trade name, service name,
copyright, trade secret or other proprietary rights of others, and the Company is unaware of any facts which would form a reasonable basis
for any such action, suit, proceeding or claim. The Company and the Subsidiaries have complied in all material respects with the terms
of each agreement pursuant to which Intellectual Property has been licensed to the Company or any Subsidiary, and all such agreements
are in full force and effect. To the Company&#8217;s knowledge, there are no material defects in any of the patents or patent applications
included in the Intellectual Property. The Company and the</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">Subsidiaries have taken all reasonable
steps to protect, maintain and safeguard their Intellectual Property, including the execution of appropriate nondisclosure, confidentiality
agreements and invention assignment agreements and invention assignments with their employees, and, to the Company&#8217;s knowledge,
no employee of the Company or any Subsidiary is in or has been in violation of any term of any employment contract, patent disclosure
agreement, invention assignment agreement, non-competition agreement, non-solicitation agreement, nondisclosure agreement, or any restrictive
covenant to or with a former employer where the basis of such violation relates to such employee&#8217;s employment with the Company or
such Subsidiary, as applicable. None of the Intellectual Property or material technology (including information technology and outsourced
arrangements) owned or employed by the Company or the Subsidiaries has been obtained or is being used by the Company or the Subsidiaries
in violation of any material contractual obligation binding on the Company or the relevant Subsidiary or, to the knowledge of the Company,
otherwise in material violation of the rights of any persons.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(28) Except as (x)
otherwise described in the Registration Statement, the Disclosure Package and the Prospectus or (y) could not reasonably be expected to
have, individually or in the aggregate, a Material Adverse Effect, neither the Company nor any Subsidiary has authorized or conducted
or has knowledge of the generation, transportation, storage, presence, use, treatment, disposal, release, or other handling of any hazardous
substance, hazardous waste, hazardous material, hazardous constituent, toxic substance, pollutant, contaminant, asbestos, radon, polychlorinated
biphenyls, petroleum product or waste (including crude oil or any fraction thereof, natural gas, liquefied gas, synthetic gas or other
material defined, regulated, controlled or potentially subject to any remediation requirement under any environmental law (collectively,
&#8220;<U>Hazardous Materials</U>&#8221;), on, in, under or affecting any Property, except in material compliance with applicable laws;
except as disclosed in the Registration Statement, the Disclosure Package and the Prospectus, to the knowledge of the Company, the Properties
are in compliance with all federal, state and local laws, ordinances, rules, regulations and other governmental requirements relating
to pollution, control of chemicals, management of waste (collectively, &#8220;<U>Environmental Laws</U>&#8221;), and the Company and the
Subsidiaries are in compliance with all licenses, permits, registrations and government authorizations necessary to operate under all
applicable Environmental Laws in all material respects; except as otherwise described in the Registration Statement, the Disclosure Package
and the Prospectus, neither the Company nor any Subsidiary has received any written or oral notice from any governmental entity or any
other person and there is no pending, or, to the knowledge of the Company, threatened claim, litigation or any administrative agency proceeding
that: alleges a violation of any Environmental Laws by the Company or any Subsidiary; or that the Company or any Subsidiary is a liable
party or a potentially responsible party under the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C. &sect;
9601, et seq., or any state superfund law; has resulted in or could result in the attachment of an environmental lien on any of the properties;
or alleges that the Company or any Subsidiary is liable for any contamination of the environment, contamination of the Property, damage
to natural resources, property damage, or personal injury based on their activities or the activities of their predecessors or third parties
(whether at the properties or elsewhere) involving Hazardous Materials, whether arising under the Environmental Laws, common law principles,
or other legal standards. In the ordinary course of its business, the Company and the Subsidiaries conduct Phase I environmental assessments
on each of the Properties at the time such Property is acquired and periodic reviews of the effect of Environmental Laws on the business,
operations and properties of the Company and the Subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(29) Except as described
in the Registration Statement, the Disclosure Package and the Prospectus, there are no pending actions, suits or proceedings against or
affecting the Company or any Subsidiary or any of their respective Properties that, if determined adversely to the Company</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">or such Subsidiary, would individually
or in the aggregate have a Material Adverse Effect, or would materially and adversely affect the ability of the Company to perform its
obligations under this Agreement or the Forward Sale Agreements, or which are otherwise material in the context of the offering, issuance,
sale and delivery of the Securities; and no such actions, suits or proceedings are, to the knowledge of the Company, threatened or contemplated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(30) The Company
has implemented controls and other procedures that are designed to ensure that information required to be disclosed by the Company in
the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified
in the Commission&#8217;s rules and forms and is accumulated and communicated to the Company&#8217;s management, including its chief executive
officer and chief financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required
disclosure; and the Company makes and keeps books, records, and accounts, which, in reasonable detail, accurately and fairly reflect the
transactions and dispositions of the assets of the Company; and the Company maintains a system of internal accounting controls sufficient
to provide reasonable assurances that (i) transactions are executed in accordance with management&#8217;s general or specific authorization;
(ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain accountability
for assets; (iii) access to assets is permitted only in accordance with management&#8217;s general or specific authorization; and (iv)
the recorded accountability for assets is compared with existing assets at reasonable intervals and appropriate action is taken with respect
to any differences; and, to the Company&#8217;s knowledge, neither the Company nor any Subsidiary, nor any employee or agent thereof,
has made any payment of funds of the Company or any of the Subsidiaries, as the case may be, or received or retained any funds, and no
funds of the Company, or any of the Subsidiaries, as the case may be, have been set aside to be used for any payment, in each case in
violation of any law, rule or regulation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(31) Neither the
Company nor any Subsidiary is and, after giving effect to the offering and sale of the Securities and the application of any proceeds
thereof as described in the Registration Statement, the Disclosure Package and the Prospectus, neither will be an &#8220;investment company&#8221;
or a company &#8220;controlled&#8221; by an &#8220;investment company&#8221; within the meaning of the Investment Company Act of 1940,
as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(32) The Company
and the Subsidiaries have complied in all respects with all laws, regulations and orders applicable to them or their respective businesses,
except as would not have a Material Adverse Effect; neither the Company nor any Subsidiary is in breach of, or in default under (nor has
any event occurred which with notice, lapse of time, or both would constitute a breach of, or default under), (A) its respective declaration
of trust, by-laws, certificate of limited partnership, partnership agreement or operating agreement, as the case may be, or (B) in the
performance or observance of any material obligation, agreement, covenant or condition contained in any material license, indenture, mortgage,
deed of trust, loan or credit agreement or other material agreement or instrument to which the Company or such Subsidiary is a party or
by which any of them or their respective properties is bound, except in the case of (B) where such breach, default or event would not
have a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(33) Each of the
Company and the Subsidiaries has filed on a timely basis all necessary federal, state, local and foreign income and franchise tax returns,
if any such returns were required to be filed, through the date hereof and have paid all taxes shown as due thereon, except where failure
to so file or pay would not have a Material Adverse Effect; and no tax deficiency has been asserted against the Company or any Subsidiary,
nor, to the knowledge of the Company, is any tax deficiency likely to be asserted against the Company or any Subsidiary; all tax liabilities,
if any, are adequately provided for on the respective books of the entities.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(34) Commencing with
its taxable year ended December 31, 1993, the Company has been organized and operated in conformity with the requirements for qualification
as a real estate investment trust (&#8220;<U>REIT</U>&#8221;) under the Internal Revenue Code of 1986, as amended, and the regulations
and published interpretations thereunder (the &#8220;<U>Code</U>&#8221;), and the Company&#8217;s current and proposed method of operations
will enable it to continue to meet the requirements for taxation as a REIT under the Code; no transaction or other event has occurred
which could reasonably be expected to cause the Company not to be able to qualify as a REIT for its taxable years ending December 31,
2020 or future years.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(35) Each of the
Company and the Subsidiaries maintains insurance (issued by insurers of recognized financial responsibility) of the types and in the amounts
generally deemed adequate, if any, for their respective businesses and consistent with insurance coverage maintained by similar companies
in similar businesses, including, but not limited to, insurance covering real and personal property owned or leased by the Company and
the Subsidiaries against theft, damage, destruction, acts of vandalism and all other risks customarily insured against, all of which insurance
is in full force and effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(36) There are no
material outstanding loans or advances or material guarantees of indebtedness by the Company or any Subsidiary to or for the benefit of
any of the executive officers or trustees of the Company or any of their family members.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(37) The Company
and its affiliates have not distributed and will not distribute, prior to the completion of the Underwriters&#8217; distribution of the
Securities, any written offering materials in connection with the offer and sale of the Securities other than (i) the Registration Statement,
(ii) the Prospectus and (iii) the Issuer General Use Free Writing Prospectuses set forth on <U>Schedule II</U> hereto, if any.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(38) None of the
entities which prepared appraisals of the Properties or Phase I environmental assessment reports with respect to such Properties was employed
for such purpose on a contingent basis or has any substantial interest in the Company or any Subsidiary, and none of their trustees, managers,
officers or employees is connected with the Company or any Subsidiary as a promoter, selling agent, voting trustee, officer or employee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(39) The Company
is in material compliance with applicable provisions of the Sarbanes-Oxley Act of 2002, as amended from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(40) The Company
is in material compliance with the current listing standards of the NYSE and has made all material filings and/or certifications to the
NYSE on a timely basis.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(41) The Company
has implemented the &#8220;disclosure controls and procedures&#8221; (as defined in Rules 13a-15(e) of the Exchange Act) required in order
for the Chief Executive Officer and Chief Financial Officer of the Company to engage in the review and evaluation process mandated by
the Exchange Act. The Company&#8217;s &#8220;disclosure controls and procedures&#8221; are reasonably designed to ensure that all information
(both financial and non-financial) required to be disclosed by the Company in the reports that it files or submits under the Exchange
Act is recorded, processed, summarized and reported within the specified time periods, and that all such information is accumulated and
communicated to the Company&#8217;s management as appropriate to allow timely decisions regarding required disclosure and to make the
certifications of the Chief Executive Officer and Chief Financial Officer of the Company required under the Exchange Act with respect
to such reports.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(42) The section
entitled &#8220;Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operation&#8212;Critical Accounting Policies&#8221;
in the Company&#8217;s most recent Annual Report on Form 10-K and any of the Company&#8217;s Quarterly Reports on Form 10-Q filed subsequent
to such Annual Report, which are incorporated by reference into the Registration Statement, the Disclosure Package and the Prospectus,
accurately and fully describes, or will when filed accurately and fully describe, in each case in all material respects: (i) accounting
policies which the Company believes are the most important in the portrayal of the financial condition and results of operations of the
Company and its consolidated subsidiaries and which require management&#8217;s most difficult, subjective or complex judgments (&#8220;<U>critical
accounting policies</U>&#8221;), (ii) judgments and uncertainties affecting the application of critical accounting policies and (iii)
the explanation of the likelihood that materially different amounts would be reported under different conditions or using different assumptions.
The Company&#8217;s board of trustees, senior management and audit committee have reviewed and agreed with the selection, application
and disclosure of critical accounting policies and have consulted with the Company&#8217;s independent accountants with regard to such
disclosure.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(43) Since the date
of the filing of the Company&#8217;s most recent Annual Report on Form 10-K, the Company&#8217;s auditors and the audit committee of the
board of trustees of the Company (or persons fulfilling the equivalent function) have not been advised of (i) any significant deficiencies
in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Company&#8217;s
ability to record, process, summarize and report financial reporting or (ii) fraud, whether or not material, that involves management
or other employees who have a significant role in the Company&#8217;s internal control over financial reporting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(44) Since the date
of the filing of the Company&#8217;s most recent Annual Report on Form 10-K, except as disclosed in the Registration Statement, the Disclosure
Package and the Prospectus, there have been no significant changes in internal control over financial reporting or in other factors that
could significantly affect internal controls, including any corrective actions with regard to significant deficiencies in such control
over financial reporting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(45) Neither the
Company&#8217;s nor any Subsidiary&#8217;s performance of its respective obligations under its joint venture agreements nor the consummation
of any transactions contemplated thereby nor the fulfillment of the terms thereof by the Company or a Subsidiary will conflict with or,
result in a breach or violation of (A) the charter, by-laws, partnership agreement, operating agreement, limited liability company certificate
or certificate of limited partnership of the Company or any Subsidiary; (B) the terms of any material indenture, contract, lease, mortgage,
deed of trust, note agreement, loan agreement or other agreement, obligation, condition, covenant or instrument to which the Company or
such Subsidiary is a party or bound or to which its or their property is subject; or (C) any statute, law, rule, regulation, judgment,
order or decree applicable to the Company or any Subsidiary of any court, regulatory body, administrative agency, governmental body, arbitrator
or other authority having jurisdiction over the Company or such Subsidiary or any of its or their properties or, result in the creation
or imposition of any lien, charge, claim or encumbrance upon any property or asset of the Company or any Subsidiary, except in the case
of (B) and (C) where such conflict, breach, violation, creation or imposition, as the case may be, would not have a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(46) The form of
certificate used to evidence the Common Shares complies in all material respects with all applicable statutory requirements, with any
applicable requirements of the Declaration of Trust and By-laws of the Company and the requirements of the NYSE.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(47) The Securities
will conform in all material respects to the respective statements relating thereto contained in the Registration Statement, the Disclosure
Package and the Prospectus.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">The Common Shares conform to all statements
relating thereto contained or incorporated by reference in the Registration Statement, the Disclosure Package and the Prospectus and such
description conforms to the rights set forth in the instruments defining the same.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(48) Each of the
Company and the Subsidiaries has not taken and will not take, directly or indirectly, any action designed to or that would constitute
or that might reasonably be expected to cause or result in the stabilization or manipulation of the price of any security to facilitate
the sale or resale of the Securities in violation of applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(49) Neither the
Company nor any Subsidiary, nor any trustee, director or officer of the Company or any Subsidiary, nor, to the knowledge of the Company,
any employee, agent, affiliate or other person acting on behalf of the Company or any Subsidiary has, in the course of its actions for,
or on behalf of, the Company or any such Subsidiary (i) used any corporate funds for any unlawful contribution, gift, entertainment or
other unlawful expenses relating to political activity; (ii) made or taken any act in furtherance of an offer, promise, or authorization
of any direct or indirect unlawful payment or benefit to any foreign or domestic government official or employee, including of any government-owned
or controlled entity or public international organization, or any political party, party official, or candidate for political office;
(iii) violated or is in violation of any provision of the U.S. Foreign Corrupt Practices Act of 1977, as amended (the &#8220;<U>FCPA</U>&#8221;),
the UK Bribery Act 2010, or any other applicable anti-bribery or anti-corruption law; or (iv) made, offered, authorized, requested, or
taken an act in furtherance of any unlawful bribe, rebate, payoff, influence payment, kickback or other unlawful payment or benefit. The
Company and the Subsidiaries and, to the knowledge of the Company, their affiliates, have conducted their respective businesses in compliance
with the FCPA and have instituted and maintain policies and procedures designed to ensure, and which are reasonably expected to continue
to ensure, continued compliance therewith. Neither the Company nor any of its subsidiaries will use, directly or indirectly, any proceeds
of the offering in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else
of value, to any person in violation of any applicable anti-bribery and anti-corruption laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(50) The operations
of the Company and the Subsidiaries are and have been conducted at all times in compliance with applicable financial recordkeeping and
reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the money laundering statutes of all
jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered
or enforced by any governmental entity (collectively, the &#8220;<U>Money Laundering Laws</U>&#8221;); and no action, suit or proceeding
by or before any governmental entity involving the Company or any of the Subsidiaries with respect to the Money Laundering Laws is pending
or, to the best knowledge of the Company, threatened.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(51) Neither the
Company nor any of the Subsidiaries, directors or officers, nor, to the knowledge of the Company, any employee, agent, affiliate or other
person acting on behalf of the Company or any of the Subsidiaries is currently the subject or the target of any U.S. sanctions administered
by the Office of Foreign Assets Control of the U.S. Department of the Treasury (&#8220;<U>OFAC</U>&#8221;) or the U.S. Department of State,
the United Nations Security Council, the European Union, Her Majesty&#8217;s Treasury of the United Kingdom, or other relevant sanctions
authority (collectively, &#8220;<U>Sanctions</U>&#8221;); nor is the Company or any of the Subsidiaries located, organized or resident
in a country or territory that is the subject or target of Sanctions, including, without limitation, Crimea, Cuba, Iran, North Korea,
and Syria (each, a &#8220;<U>Sanctioned Country</U>&#8221;); and the Company and the Subsidiaries will not directly or indirectly use
any proceeds from the sale of Common Shares under this Agreement or the Forward Sale Agreements, or lend, contribute or otherwise make
available such proceeds to any subsidiary, or any joint venture partner or other</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">person or entity, for the purpose of
financing the activities of or business with any person, or in any country or territory, that at the time of such financing, is the subject
or target of Sanctions or 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 applicable Sanctions. For the past five years, the Company and
the Subsidiaries have not knowingly engaged in and are not now knowingly engaged 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(52) Except as set
forth in the Company&#8217;s financial statements, each of the Company and the Subsidiaries do not have any material liabilities under
the Employee Retirement Income Security Act of 1974, as amended and the regulations and published interpretations thereunder (collectively,
&#8220;<U>ERISA</U>&#8221;), or Section 4975 of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(53) Any statistical
and market-related data included in the Registration Statement, the Disclosure Package or the Prospectus are based on or derived from
sources that the Company believes, after reasonable inquiry, to be reliable and accurate and, to the extent required, the Company has
obtained the written consent to the use of such data from such sources.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(54) Except as disclosed
in the Registration Statement, the Disclosure Package and the Prospectus, the Company does not intend to use any of the proceeds from
the sale of the Securities to repay any debt owed to the Underwriters or any of their affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(55) All of the information
provided pursuant to this Agreement and the Forward Sale Agreements, if any, to the Underwriters or to counsel for the Underwriters by
the Company, its officers and directors and the holders of any securities (debt or equity) or options to acquire any securities of the
Company in connection with letters, filings or other supplemental information provided to FINRA pursuant to FINRA Rules 5110, 5190 and
NASD Conduct Rule 2720 is true, complete and correct in all material respects. The Company meets the requirements for use of Form S-3
under the Securities Act specified in FINRA Rule 5110(b)(7)(C)(i). Neither the Company nor any of its Affiliates directly, or indirectly
through one or more intermediaries, controls, or is controlled by, or is under common control with, or is a person associated with any
member firm of FINRA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(56) Neither the
Company nor any Subsidiary nor, to the best of the Company&#8217;s knowledge, any employee or agent of the Company or any Subsidiary,
has made any contribution or other payment to any official of, or candidate for, any federal, state or foreign office in violation of
any law or of the character required to be disclosed in the Registration Statement, the Disclosure Package and the Prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(57) Except as otherwise
disclosed in the Prospectus, the Company and the Subsidiaries and any &#8220;employee benefit plan&#8221; (as defined under ERISA) established
or maintained by the Company or such Subsidiary or their &#8220;ERISA Affiliates&#8221; (as defined below) are in compliance in all material
respects with ERISA. &#8220;ERISA Affiliate&#8221; means, with respect to the Company and the Subsidiaries, any member of any group of
organizations described in Sections 414(b), (c), (m) or (o) of the Code of which the Company or the Subsidiary is a member. No &#8220;reportable
event&#8221; (as defined under ERISA) has occurred or is reasonably expected to occur with respect to any &#8220;employee benefit plan&#8221;
established or maintained by the Company, the Subsidiaries or any of their ERISA Affiliates. No &#8220;employee benefit plan&#8221; established
or maintained by the Company, the Subsidiaries or any of their ERISA Affiliates, if such &#8220;employee benefit plan&#8221; were terminated,
would have any &#8220;amount of unfunded benefit liabilities&#8221; (as defined under ERISA). Neither the Company, nor the Subsidiaries
nor any of their ERISA Affiliates has incurred or reasonably expects</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">to incur any liability under (i) Title
IV of ERISA with respect to termination of, or withdrawal from, any &#8220;employee benefit plan&#8221; or (ii) Sections 412, 4971, 4975
or 4980B of the Code. Each &#8220;employee benefit plan&#8221; established or maintained by either the Company, the Subsidiaries or any
of their ERISA Affiliates that is intended to be qualified under Section 401(a) of the Code is so qualified and nothing has occurred,
whether by action or failure to act, which would cause the loss of such qualification.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(58) Each financial
or operational projection or other &#8220;forward-looking statement&#8221; (as defined by Section 27A of the Securities Act or Section
21E of the Exchange Act) contained in the Registration Statement, the Disclosure Package or the Prospectus (i) was so included by the
Company in good faith and with reasonable basis after due consideration by the Company of the underlying assumptions, estimates and other
applicable facts and circumstances and (ii) is accompanied by meaningful cautionary statements identifying those factors that could cause
actual results to differ materially from those in such forward-looking statement. No such statement was made with the knowledge of an
executive officer or director of the Company that is was false or misleading.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(59) The Company
and the Subsidiaries&#8217; material information technology assets and equipment, computers, systems, networks, hardware, software, websites,
applications, and databases (collectively, &#8220;<U>IT Systems</U>&#8221;) are adequate for, and operate and perform in all material
respects as required in connection with the operation of the business of the Company and its Subsidiaries as currently conducted, and
to the knowledge of the Company, free and clear of all material bugs, errors, defects, Trojan horses, time bombs, malware and other corruptants.
The Company and its Subsidiaries have implemented and maintained commercially reasonable physical, technical and administrative controls,
policies, procedures, and safeguards to maintain and protect their material confidential information and the integrity, continuous operation,
redundancy and security of all IT Systems and data, including &#8220;Personal Data,&#8221; used in connection with their businesses. &#8220;Personal
Data&#8221; means a natural person&#8217;s name, street address, telephone number, e-mail address, photograph, social security number
or tax identification number, driver&#8217;s license number, passport number, credit card number, bank information, or any other piece
of information that reasonably allows for the identification of such natural person or his or her family. There have been no breaches,
violations, outages or unauthorized uses of or accesses to same, except for those that have been remedied without material cost or liability
or the duty to notify any other person, nor any incidents under internal review or investigations relating to the same, except for those
that may be remedied without any material cost to the Company. The Company and its Subsidiaries are presently in material compliance with
all applicable laws or statutes and all judgments, orders, rules 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 Personal Data and to the
protection of such IT Systems and Personal Data from unauthorized use, access, misappropriation or modification.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(60) The Company
and its Subsidiaries are in material compliance with all applicable state and federal data privacy and security laws and regulations (collectively,
the &#8220;<U>Privacy Laws</U>&#8221;). To ensure compliance with the Privacy Laws, the Company and its Subsidiaries have in place, comply
with, and take appropriate steps reasonably designed to ensure compliance in all material respects with their policies and procedures
relating to data privacy and security and the collection, storage, use, disclosure, handling, and analysis of Personal Data (the &#8220;<U>Policies</U>&#8221;).
The Company and its Subsidiaries have at all times made all disclosures to users or customers required by applicable laws and regulatory
rules or requirements, and none of such disclosures made or contained in any Policy have, to the knowledge of the Company, been inaccurate
or in violation of any applicable laws and regulatory rules or requirements in any material respect. The Company further certifies</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">that neither it nor any Subsidiary, to
the knowledge of the Company: (i) has received notice of any actual or potential liability under or relating to, or actual or potential
violation of, any of the Privacy Laws, and has no knowledge of any event or condition that would reasonably be expected to result in any
such notice; (ii) is currently conducting or paying for, in whole or in part, any investigation, remediation, or other corrective action
pursuant to any Privacy Law; or (iii) is a party to any order, decree, or agreement that imposes any obligation or liability under any
Privacy Law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(61) A number of
Common Shares equal to the Shares Cap (as defined in the Forward Sale Agreements, in the aggregate) under the Forward Sale Agreements
have been duly authorized and reserved for issuance upon settlement of the Forward Sale Agreements or pursuant to an Acceleration Event
(as defined in the Forward Sale Agreements) and, when issued and delivered by the Company to the Forward Counterparties pursuant thereto,
against payment of any consideration required to be paid by the Forward Counterparties pursuant to the terms of the Forward Sale Agreements,
the Common Shares so issued and delivered will be validly issued, fully paid and non-assessable, free and clear of any Lien, and the issuance
of such Common Shares will not be subject to any preemptive or other similar rights arising by operation of law, under the organizational
documents of the Company or any one of its subsidiaries or under any agreement to which the Company or any one of its subsidiaries is
a party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(b) <I>Certificates. </I>Any
certificate signed by any officer of the Company or any of its Subsidiaries and delivered to the Underwriters or to counsel for the Underwriters
shall be deemed a representation and warranty by the Company or such Subsidiary to the Underwriters as to the matters covered thereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 3. <U>Sale and
Delivery to The Underwriters; Closing</U><FONT STYLE="font-size: 10pt">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(a) <I>Sale of the Underwritten
Securities. </I>On the basis of the representations and warranties herein contained and subject to the terms and conditions herein set
forth, the Forward Sellers (with respect to the Borrowed Underwritten Securities) and the Company (with respect to any Company Top-Up
Underwritten Securities), severally and not jointly, agree to sell to the Underwriters, and each Underwriter agrees, severally and not
jointly, to purchase from the Forward Sellers (with respect to the Borrowed Underwritten Securities) and the Company (with respect to
any Company Top-Up Underwritten Securities), in each case at the purchase price set forth in <U>Schedule I </U>hereto, the number of Underwritten
Securities set forth opposite such Underwriter&#8217;s name in <U>Schedule I</U> hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(b) <I>Option Securities</I>.
Subject to the terms and conditions and in reliance upon the representations and warranties herein set forth, Underwriters shall have
an option to purchase pursuant to clause (x) or clause (y) below as applicable, severally and not jointly, up to the number of Option
Securities (which may include Borrowed Option Securities or Company Top-Up Option Securities) set forth in Schedule I hereto at the same
purchase price per share as the Underwriters shall pay for the Underwritten Securities, less an amount per share equal to any dividends
or distributions declared by the Company and payable on the Underwritten Securities but not payable on the Option Securities (the &#8220;<U>Option
Securities Purchase Price</U>&#8221;). Said option may be exercised in whole or in part from time to time on or before the 30th day after
the date of the Final Prospectus upon written or telegraphic notice by the Underwriters to the Company and the Forward Sellers setting
forth the aggregate number of Option Securities as to which the several Underwriters are exercising the option and the Option Closing
Date (as defined below); provided, however, that such Option Closing Date shall not be (i) earlier than the Closing Date (as defined below)
or (ii) unless otherwise agreed to by the Company, the Forward Sellers and the Underwriters, earlier than the second or later than the
tenth Exchange Business Day after the date on which the option shall have been exercised. As used herein &#8220;Exchange Business Day&#8221;
shall mean a day on which the NYSE is open for trading. The number of Option Securities to be purchased by each Underwriter shall be the
same percentage of the total number of Option Securities to be purchased by the several Underwriters as such Underwriter is purchasing</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">of the Underwritten Securities, subject to
such adjustments as you in your absolute discretion shall make to eliminate any fractional shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0in">Following delivery
of an exercise notice:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0in">(x) The Company agrees
that it will use its commercially reasonable best efforts to, within one Exchange Business Day after such notice is given, execute and
deliver to the Forward Sellers additional letter agreements between the Company and each of the Forward Counterparties (the &#8220;<U>Option
Forward Sale Agreements</U>&#8221;) relating to the forward sale by the Company, subject to the Company&#8217;s right to elect Cash Settlement
or Net Share Settlement (as such terms are defined in the Option Forward Sale Agreements), of a number of Common Shares equal to the aggregate
number of Option Securities (which may include Borrowed Option Securities or Company Top-Up Option Securities) being purchased by the
Underwriters from the Forward Sellers pursuant to the exercise of such option, on terms substantially similar to the initial Forward Sale
Agreements, mutatis mutandis, as agreed by the parties. Upon the Company&#8217;s execution and delivery to the Forward Counterparties
of such Option Forward Sale Agreements, the Forward Counterparties shall promptly execute and deliver such Option Forward Sale Agreements
to the Company, and upon such execution and delivery to the Company, subject to the terms and conditions and in reliance upon the representations
and warranties herein set forth, the Forward Sellers (or, in the case of any Company Top-Up Option Securities, the Company), hereby agrees
to sell to the several Underwriters such number of Option Securities at the Option Securities Purchase Price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0in">(y) If the Company
does not timely execute and deliver the Option Forward Sale Agreements pursuant to clause (x) above, then, subject to the terms and conditions
and in reliance upon the representations and warranties herein set forth, the Company agrees to sell to the several Underwriters the aggregate
number of Option Securities with respect to which the option is being exercised at the Option Securities Purchase Price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(c) If (i) any of
the representations and warranties of the Company contained herein or any certificate delivered by the Company pursuant hereto are not
true and correct as of the Closing Date or the relevant Option Closing Date, as the case may be, as if made as of the Closing Date or
such Option Closing Date, (ii) the Company has not performed all of the obligations required to be performed by it under this Agreement
on or prior to the Closing Date or the relevant Option Closing Date, (iii) any of the conditions set forth in Section 6 hereof have not
been satisfied on or prior to the Closing Date or the relevant Option Closing Date, (iv) this Agreement shall have been terminated pursuant
to Section 10 hereof on or prior to the Closing Date or the relevant Option Closing Date or the Closing Date or such Option Closing Date
shall not have occurred, (v) any of the conditions set forth in Section 3 of the initial Forward Sale Agreements (or the equivalent section
of the Option Forward Sale Agreements) shall not have been satisfied on or prior to the Closing Date or the relevant Option Closing Date
or (vi) any of the representations and warranties of the Company contained in the Forward Sale Agreements are not true and correct as
of the Closing Date or the relevant Option Closing Date as if made as of the Closing Date or such Option Closing Date (clauses (i) through
(vi), together, the &#8220;<U>Conditions</U>&#8221;), then the applicable Forward Seller, in its sole discretion, may elect not to (or
in the case of clause (iv), will not) borrow and deliver for sale to the Underwriters the Borrowed Securities otherwise deliverable on
such date. In addition, in the event a Forward Seller determines that (A) it or its affiliate is unable through commercially reasonable
efforts to borrow and deliver for sale under this Agreement a number of Common Shares equal to the number of Borrowed Securities to be
sold by it hereunder in connection with establishing a commercially reasonable hedge position, or (B) in its commercially reasonable judgment
either it would be impracticable for such Forward Seller to do so or it would incur a stock loan cost (excluding, for the avoidance of
doubt, the federal funds rate component payable by the</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">relevant stock lender to such Forward
Seller) of more than 200 basis points per annum with respect to all or any portion of such shares to do so, then, in each case, such Forward
Seller shall only be required to deliver for sale to the Underwriters at the Closing Date or any Option Closing Date, the aggregate number
of Common Shares that such Forward Seller or its affiliates is able to so borrow in connection with establishing its commercially reasonable
hedge position at or below such cost.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0in">If any of the Forward
Seller elects, pursuant to the preceding paragraph not to borrow and deliver for sale to the Underwriters at the Closing Date or the relevant
Option Closing Date, as the case may be, the total number of Borrowed Securities to be sold by it hereunder, such Forward Seller will
use its commercially reasonable efforts to notify the Company no later than 5:00 p.m., New York City time, on the Exchange Business Day
prior to the Closing Date or such Option Closing Date. Notwithstanding anything to the contrary herein, in no event will the Company be
required to issue or deliver any Company Securities prior to the Exchange Business Day following notice to the Company of the relevant
number of Securities so deliverable in accordance with this paragraph.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(d) <I>Delivery and Payment.
</I>Delivery of and payment for the Underwritten Securities or Option Securities (if the option provided for in Section 3(b) hereof shall
have been exercised on or before the second Exchange Business Day preceding the Closing Date) shall be made at 9:00 A.M. (New York City
time) on May 13, 2021, unless postponed to such other time not later than ten business days after such date as shall be agreed upon by
the Underwriters, Forward Sellers and the Company (such time and date of payment and delivery being herein called the &#8220;<U>Closing
Date</U>&#8221;) or on any date on which Option Securities are purchased (the &#8220;Option Closing Date&#8221;). In addition, in the
event that any or all of the Option Securities are purchased by the Underwriters, payment of the purchase price for, and delivery of certificates
for, such Option Securities shall be made at 9:00 A.M. on each Option Closing Date as specified in the notice from the Underwriters to
the Company. Delivery of the Securities shall be made to the Underwriters against the payment by the Underwriters of the purchase price
thereof to or upon the order of the applicable Forward Seller (with respect to the Borrowed Securities) or the Company (with respect to
the Company Securities), as applicable, by wire transfer payable in immediately available funds to an account specified by the applicable
Forward Seller (with respect to the Borrowed Securities) or the Company (with respect to the Company Securities), as applicable. Delivery
of the Underwritten Securities and the Option Securities (if exercised) shall be made through the facilities of The Depository Trust Company
unless the Underwriters or Forward Sellers shall otherwise instruct.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(e) <I>Denominations; Registration.
</I>Certificates for any certificated Securities, if any, shall be in such denominations and registered in such names as the Underwriters
may request in writing at least one full business day before the Closing Date or the relevant Option Closing Date, as the case may be.
The certificates for the Securities, if any, will be made available for examination and packaging by the Underwriters in the City of New
York not later than noon (New York time) on the business day prior to the Closing Date or the relevant Option Closing Date, as the case
may be.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 4. <U>Covenants
of the Company</U><FONT STYLE="font-size: 10pt">. The Company covenants with the Underwriters as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(a) <I>Compliance with
Securities Regulations and Commission Requests. </I>Prior to the first to occur of the final Option Closing Date or the expiration of
the option set forth in <U>Section 3(b)</U>, the Company, subject to <U>Section 3(b)</U>, will comply with the requirements of Rule 430B,
and will promptly notify the Underwriters, and confirm the notice in writing, (i) when any post-effective amendment to the Registration
Statement shall become effective, or any supplement to the Prospectus or any amended Prospectus shall have been filed, (ii) of the receipt
of any comments from the Commission, (iii) of any request by the Commission for any amendment to the Registration Statement or any amendment
or supplement to the Prospectus or any document incorporated by reference therein or for additional information, (iv) of the issuance
by the Commission of any stop order suspending the effectiveness of the Registration Statement or of any order</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">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 8(e) of the Securities Act concerning
the Registration Statement and (v) if the Company becomes the subject of a proceeding under Section 8A of the Securities Act in connection
with the offering of the Securities. The Company will effect the filings required under Rule 424(b), in the manner and within the time
period required by Rule 424(b) (without reliance on Rule 424(b)(8)), and will take such steps as it deems necessary to ascertain promptly
whether the form of prospectus transmitted for filing under Rule 424(b) was received for filing by the Commission and, in the event that
it was not, it will promptly file such prospectus. 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(b) <I>Filing of Amendments
and Exchange Act Documents. </I>Prior to the first to occur of the final Option Closing Date or the expiration of the option set forth
in <U>Section 3(b)</U>, the Company will give the Underwriters notice of its intention to file or prepare any amendment to the Registration
Statement or any amendment, supplement or revision to either any preliminary prospectus or to the Prospectus, whether pursuant to the
Securities Act, the Exchange Act or otherwise, and the Company will furnish the Underwriters 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 Underwriters
or counsel for the Underwriters shall reasonably object. The Company has given the Underwriters notice of any filings made pursuant to
the Exchange Act within forty-eight (48) hours prior to the execution of this Agreement and the Forward Sale Agreements; the Company will
give the Underwriters notice of its intention to make any such filing from the execution of this Agreement and the Forward Sale Agreements
to the Closing Date and will furnish the Underwriters 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 Underwriters or counsel for the Underwriters shall reasonably object.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(c) <I>Delivery of Registration
Statements. </I>Upon request, the Company will deliver to the Underwriters and counsel for the Underwriters, without charge, a signed
copy of the Registration Statement as originally filed and of each amendment thereto (including exhibits filed therewith) and signed copies
of all consents and certificates of experts. The copies of such Registration Statement and each amendment thereto furnished to the Underwriters
and counsel for 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(d) <I>Delivery of Prospectuses.
</I>The Company will deliver to the Underwriters, without charge, during the period when the Prospectus is required to be delivered under
the 1933 Act in connection with the sales of the Securities (the &#8220;<U>Prospectus Delivery Period</U>&#8221;), such number of copies
of the Prospectus (as amended or supplemented) as the Underwriters may reasonably request and the Company hereby consents to the use of
such copies for purposes permitted by the 1933 Act. 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(e) <I>Continued Compliance
with Securities Laws. </I>The Company shall comply with the Securities Act and the Exchange Act so as to permit the completion of the
distribution of the Securities as contemplated in this Agreement, the Forward Sale Agreements and the Prospectus. If at any time during
the Prospectus Delivery Period, 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 statement of a material fact or omit to state a material fact necessary in order to make the
statements therein not misleading, in the case of the Prospectus, in the light of the circumstances existing at the time it is</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">delivered to a purchaser, or if it shall be
necessary, in the opinion of such counsel, at any such time to amend the Registration Statement or amend or supplement the Prospectus
in order to comply with the requirements of the Securities Act, the Company will promptly prepare and file with the Commission, subject
to <U>Section 4(b)</U> hereof, such amendment or supplement 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 any such amendment to the Registration
Statement declared effective as soon as practicable, and the Company will furnish to the Underwriters such number of copies of such amendment
or supplement as the Underwriters may reasonably request. If at any time following the issuance of an Issuer Free Writing Prospectus there
occurred or occurs, prior to the completion of the distribution of the Securities by the Underwriters, an event or development as a result
of which such Issuer Free Writing Prospectus conflicted, conflicts or would conflict with the information contained in the Registration
Statement, any preliminary prospectus or the Prospectus or, together with the Registration Statement, the Disclosure Package and Prospectus,
taken as a whole, included, includes or would include an untrue statement of a material fact or omitted, omits 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 Underwriters, and will promptly amend or supplement, at its own expense, such Issuer
Free Writing Prospectus to eliminate or correct such conflict, untrue statement or omission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(f) <I>Permitted Free Writing
Prospectuses. </I>The Company agrees that, unless it obtains the prior written consent of the Underwriters, and each Underwriter agrees
that, unless it obtains the prior written consent of the Company, it will not make any offer relating to the Securities that would constitute
an &#8220;issuer free writing prospectus&#8221; as defined in Rule 433, or that would otherwise constitute a &#8220;free writing prospectus,&#8221;
as defined in Rule 405 of the Securities Act, required to be filed with the Commission&#894; provided that the prior written consent of
the Underwriters or the Company, as the case may be, shall be deemed to have been given in respect of any Issuer General Use Free Writing
Prospectuses listed in <U>Schedule II</U> hereto. Any such free writing prospectus consented to by the Underwriters or the Company and
the Underwriters, as the case may be, is hereinafter referred to as a &#8220;Permitted Free Writing Prospectus.&#8221; The Company agrees
that (i) it has treated and will treat, as the case may be, each Permitted Free Writing Prospectus as an &#8220;issuer free writing prospectus,&#8221;
as defined in Rule 433, and (ii) has complied and will comply, as the case may be, with the requirements of Rules 164 and 433 of the Securities
Act applicable to any Permitted Free Writing Prospectus, including in respect of timely filing with the Commission, legending and record
keeping.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(g) <I>Blue Sky Qualifications.
</I>The Company will use its commercially reasonable 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 (domestic or foreign) as the Underwriters may designate
and to maintain such qualifications in effect so long as required to complete the distribution of the Securities; <I>provided, 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(h) <I>Rule 158. </I>The
Company will timely file such reports pursuant to the Exchange 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 11(a) of the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(i) <I>Use of Proceeds.
</I>The Company will use any net proceeds received by it from the sale of the Securities in the manner specified in the Disclosure Package
and the Prospectus under &#8220;Use of Proceeds.&#8221;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(j) <I>DTCC. </I>The Company
will cooperate with the Underwriters and use its best efforts to permit the Securities to be eligible for clearance and settlement through
the facilities of The Depository Trust &amp; Clearing Corporation (&#8220;<U>DTCC</U>&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(k) <I>Listing. </I>The
Company will use its best efforts to effect the listing of the Company Securities on the NYSE.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(l) <I>Restriction on Sale
of Securities. </I>During a period of 60 days from the date of the Prospectus (the &#8220;<U>Lock-Up Period</U>&#8221;), the Company will
not, and will not publicly disclose an intention to, without the prior written consent of the Underwriters, (i) 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 Common Shares or any securities convertible into or exercisable or
convertible for Common Shares or file any registration statement under the Securities Act with respect to any of the foregoing; provided,
however, that the foregoing restrictions shall not prohibit the Company from filing a shelf registration statement or a prospectus or
any amendment or supplement thereto under the Securities Act relating to an &#8220;at the market&#8221; offering of its Common Shares
after the Closing Date so long as no offers or sales are made by the Company pursuant thereto during the Lock-Up Period, or (ii) enter
into any swap or any other agreement or any transaction that transfers, in whole or in part, directly or indirectly, the economic consequence
of ownership of the Common Shares, whether any such swap or transaction described in clause (i) or (ii) above is to be settled by delivery
of Common Shares or such other securities, in cash or otherwise. The foregoing sentence shall not apply to (A) the Securities to be sold
hereunder, (B) any Common Shares issued by the Company upon (x) the exercise of an option or warrant or (y) the conversion of a security,
in either case outstanding on the date hereof and referred to (by incorporation by reference or otherwise) in the Disclosure Package and
the Prospectus, (C) any Common Shares issued or options to purchase Common Shares granted pursuant to existing employee benefit plans
of the Company referred to in the Disclosure Package and the Prospectus, (D) any Common Shares issued pursuant to any non-employee director
stock plan, direct stock purchase plan or dividend reinvestment plan referred to in the Disclosure Package and the Prospectus, (E) any
limited partner interests in LCIF (&#8220;<U>OP Units</U>&#8221;) that are issued in exchange for real property or interests therein in
the ordinary course of business, or (F) any Common Shares issuable upon conversion of OP Units.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(m) <I>Reporting Requirements.
</I>The Company, during the Prospectus Delivery Period, will file all documents required to be filed with the Commission pursuant to,
and in accordance with, the Exchange Act within the time periods required by the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(n) <I>Preparation of Prospectus.
</I>Immediately following the execution of this Agreement and the Forward Sale Agreements, the Company will, subject to <U>Section 4(b)</U>
hereof, prepare the Prospectus containing the Rule 430B Information and other selling terms of the Securities, the plan of distribution
thereof and such other information as may be required by the Securities Act or as the Underwriters and the Company may deem appropriate,
and will file or transmit for filing with the Commission, in accordance with Rule 424(b), copies of the Prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(o) <I>REIT Qualification.
</I>The Company will use its best efforts to continue to meet the requirements to qualify as a &#8220;real estate investment trust&#8221;
under the Code for so long as the Company intends to so qualify.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(p) <I>Company Not an &#8220;Investment
Company&#8221;. </I>The Company is familiar with the Investment Company Act and will in the future conduct its and each of its Subsidiaries&#8217;
affairs in such a manner so as to reasonably ensure that neither it nor its Subsidiaries will be required to register as an &#8220;investment
company,&#8221; as such term is defined in the Investment Company Act.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(q) <I>No Price Stabilization
or Manipulation. </I>The Company will not, directly or indirectly, and will use its best efforts to cause its officers, trustees and affiliates
not to, prior to the completion of the distribution of the Securities by the Underwriters contemplated by this Agreement and the Forward
Sale Agreements, (i) take, directly or indirectly any action designed to stabilize or manipulate the price of any security of the Company,
or which may cause or result in, or which might in the future reasonably be expected to cause or result in, the stabilization or manipulation
of the price of any security of the Company, to facilitate the sale or resale of any of the Securities or (ii) sell, bid for, purchase
or pay anyone (other than the Underwriters) any compensation for soliciting purchases of the Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 5. <U>Payment of
Expenses</U><FONT STYLE="font-size: 10pt">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(a) <I>Expenses. </I>The
Company will pay all expenses incident to the performance of its obligations under this Agreement, the initial Forward Sale Agreements
and the Option Forward Sale Agreements, including (i) the preparation, printing and filing of the Registration Statement (including financial
statements and any schedules or exhibits) as originally filed and of each amendment and supplement thereto, (ii) the word processing,
printing and delivery to the Underwriters of this Agreement or the Forward Sale Agreements and such other documents as may be required
in connection with the offering, purchase, sale, issuance or delivery of the Securities, (iii) the preparation, issuance and delivery
of the certificates for the Securities to the Underwriters and any charges of DTCC in connection therewith, including any stock or other
transfer taxes and any capital duties, stamp duties or other similar duties or taxes payable upon the sale, issuance or delivery of the
Securities (other than taxes on the income or commissions of the Underwriters) to the Underwriters, (iv) the fees and disbursements of
the counsel, accountants and other advisors to the Company, (v) the qualification or exemption of the Securities under securities laws
in accordance with the provisions of <U>Section 4(d)</U> hereof, including filing fees and the reasonable fees and disbursements of counsel
for the Underwriters, (vi) the delivery to the Underwriters of copies of the Prospectus and any amendments or supplements thereto and
any costs associated with electronic delivery of any of the foregoing by the Underwriters to investors, (vii) the preparation, printing
and delivery to the Underwriters of copies of the Blue Sky Survey and any supplement thereto, (viii) the fees and expenses of the Custodian
and the transfer agent and registrar for the Securities, (ix) the filing fees incident to, and the reasonable fees and disbursements of
counsel to the Underwriters in connection with, the review by FINRA of the terms of the sale of the Securities, and (x) the fees and expenses
incurred in connection with the listing of the Securities on the NYSE.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(b) <I>Termination of Agreement.
</I>If this Agreement is terminated by the Underwriters in accordance with the provisions of <U>Section 6(o)</U> (other than due to the
failure to satisfy any conditions therein due to events set forth in <U>Sections 10(a)(ii)</U>, <U>(iv)</U>, <U>(v)</U> and <U>(vi)</U>)
or <U>Section 10(a)(i)</U> or <U>Section 10(a)(iii)</U> hereof (other than due to events set forth in <U>Sections 10(a)(ii)</U>, <U>(iv)</U>,
<U>(v)</U> and <U>(vi)</U>)), the Company shall reimburse the Underwriters for all of their reasonable out-of-pocket expenses, including
the reasonable fees and disbursements of counsel for the Underwriters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 6. <U>Conditions
of the Underwriters&#8217;, Forward Sellers&#8217; and Forward Counterparties&#8217; Obligations</U><FONT STYLE="font-size: 10pt">. The
several obligations of the Underwriters, Forward Sellers and Forward Counterparties hereunder will be subject to the accuracy and completeness
of the representations and warranties of the Company contained herein or in certificates of any officer of the Company or any of its Subsidiaries
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:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(a) <I>No Stop Orders;
Filing of Prospectus. </I>The Registration Statement has become effective and at the Closing Date (or the applicable Option Closing Date,
as the case may be), no stop order suspending the effectiveness of the Registration Statement shall have been issued under the Securities
Act or proceedings therefor initiated or, to the knowledge of the Company, threatened by the Commission, and no proceeding</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">for such purpose or pursuant to Section 8A
under the Securities Act shall be pending before or threatened by the Commission, and any request on the part of the Commission for additional
information shall have been complied with to the satisfaction of counsel for the Underwriters. The Prospectus shall have been filed with
the Commission pursuant to Rule 424(b) within the time period prescribed by such Rule, and prior to the Closing Date, the Company shall
have provided evidence satisfactory to the Underwriters of such timely filing and such number of copies of the Prospectus as the Underwriters
shall have reasonably requested.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(b) <I>No Material Adverse
Change. </I>At the Closing Date (or the applicable Option Closing Date, as the case may be), there shall not have been, since the date
hereof or since the respective dates as of which information is given in the Prospectus (exclusive of any amendments or supplements thereto
subsequent to the date of this Agreement), any material adverse change in the condition, financial or otherwise, or in the earnings, investment
portfolio, business affairs or business prospects of the Company, LCIF and the other Subsidiaries considered as one enterprise, whether
or not arising in the ordinary course of business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(c) <I>Opinions of Counsel
for Company. </I>Paul Hastings LLP, counsel for the Company, shall have furnished to the Underwriters, the Forward Sellers and the Forward
Counterparties, at the request of the Company, their written opinion, dated the Closing Date, and addressed to the Underwriters, the Forward
Sellers and the Forward Counterparties, including customary opinions and in a form reasonably acceptable to the Underwriters, and their
negative assurance letter, dated the Closing Date, and addressed to the Underwriters, the Forward Sellers and the Forward Counterparties,
in a form reasonably acceptable to the Underwriters. Venable LLP, Maryland counsel for the Company, shall have furnished to the Underwriters,
at the request of the Company, their written opinion, dated the Closing Date, and addressed to the Underwriters, the Forward Sellers and
the Forward Counterparties, substantially in the form of <U>Exhibit D</U>. Paul Hastings LLP, tax counsel for the Company, shall have
furnished to the Underwriters, the Forward Sellers and the Forward Counterparties, at the request of the Company, their written tax opinion,
dated the Closing Date, and addressed to the Underwriters, the Forward Sellers and the Forward Counterparties, including customary opinions
and in a form reasonably acceptable to the Underwriters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(d) <I>Opinion of Counsel
for Underwriters. </I>At the Closing Date, the Underwriters, the Forward Sellers and the Forward Counterparties shall have received an
opinion and negative assurance letter, dated as of the Closing Date, of Goodwin Procter LLP, counsel for the Underwriters, with respect
to the issuance and sale of the Securities, the Registration Statement, the Disclosure Package and the Prospectus and such other related
matters as the Underwriters may reasonably request. In giving such opinion and negative assurance letter, Goodwin Procter LLP may rely
without investigation, as to all matters arising under or governed by the laws of the State of Maryland, on the opinion of Venable LLP
referred to in <U>Section 6(c)</U> above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(e) <I>Officer Certificate.
</I>At the Closing Date, the Underwriters, the Forward Sellers and the Forward Counterparties shall have received a certificate of the
Chief Executive Officer and the Chief Financial Officer of the Company, dated as of the Closing Date, substantially in the form of <U>Exhibit
C</U>, to the effect that (i) there has been no material adverse change as described in <U>Section 6(b)</U> above, (ii) the representations
and warranties of the Company in this Agreement are true and correct with the same force and effect as though expressly made at and as
of the Closing Date, (iii) the obligations of the Company to be performed at or prior to the Closing Date under or pursuant to this Agreement
have been duly performed, (iv) no stop order suspending the effectiveness of the Registration Statement has been issued and no proceedings
for that purpose have been instituted or are pending or, to their knowledge, contemplated by the Commission and (v) none of the Registration
Statement, as of the date it first became effective, as of each deemed effective date with respect to the Underwriters pursuant to Rule
430B(f)(2) of the Securities Act or as of the Closing Date, or the Disclosure Package, as of the Forward Sale Time, or the Prospectus,
as of its date or as of the Closing Date, contained or contains an untrue statement of a material fact or omitted or omits</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">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: 0 0 12pt; text-align: justify; text-indent: 0.5in">(f) <I>CFO Certificate.
</I>At the execution of this Agreement, the Underwriters, the Forward Sellers and the Forward Counterparties shall have received a certificate
of the Chief Financial Officer of the Company, dated such date, substantially in the form of <U>Exhibit E</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(g) <I>Bring-down CFO Certificate.
</I>At the Closing Date, the Underwriters, the Forward Sellers and the Forward Counterparties shall have received a certificate of the
Chief Financial Officer of the Company, dated as of the Closing Date, to the effect that she reaffirms the statements made in the certificate
furnished pursuant to subsection (g) of this <U>Section 6.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(h) <I>Secretary&#8217;s
Certificate. </I>At the Closing Date, the Underwriters, the Forward Sellers and the Forward Counterparties shall have received a certificate
of the Secretary of the Company, dated as of such date, substantially in the form of <U>Exhibit F.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(i) <I>Accountant&#8217;s
Comfort Letter. </I>At the time of the execution of this Agreement, the Underwriters, the Forward Sellers and the Forward Counterparties
shall have received from Deloitte &amp; Touche LLP, a letter, dated such date, in form and substance satisfactory to the Underwriters,
containing statements and information of the type ordinarily included in accountant&#8217;s &#8220;comfort letters&#8221; to underwriters
with respect to the financial statements and certain financial information contained in the Registration Statement, the Disclosure Package
and the Prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(j) <I>Bring-down Comfort
Letter. </I>At the Closing Date, the Underwriters, the Forward Sellers and the Forward Counterparties shall have received from Deloitte
&amp; Touche LLP, a letter, dated as of the Closing Date, to the effect that they reaffirm the statements made in the letter furnished
pursuant to subsection (i) of this <U>Section 6</U>, except that the &#8220;specified date&#8221; referred to shall be a date not more
than one business day prior to the Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(k) <I>Approval for Listing.
</I>At the Closing Date and each Option Closing Date, if any, the Securities shall have been approved for listing on the New York Stock
Exchange, subject only to official notice of issuance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(l) <I>Lock-up Agreements.
</I>At the date of this Agreement, the Underwriters shall have received an agreement substantially in the form of <U>Exhibit A</U> hereto
signed by each person listed in <U>Schedule IV</U> hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(m) <I>Maintenance of Rating.
</I>Since the execution of this Agreement and the Forward Sale Agreements, there shall not have been any decrease in or withdrawal of
the rating of any securities of the Company or any of its subsidiaries by any &#8220;nationally recognized statistical rating organization&#8221;
(as defined in Section 3(a)(62) under the Exchange Act) or any notice given of any intended or potential decrease in or withdrawal of
any such rating or of a possible change in any such rating that does not indicate the direction of the possible change.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(n) <I>Conditions to Purchase
of Option Securities.</I> In the event that the Underwriters exercise their option provided in <U>Section 3(b)</U> hereof to purchase
all or any portion of the Option Securities (including Borrowed Options Securities and Company Options Securities) on any Option Closing
Date that is after the Closing Date, the obligations of the Underwriters to purchase the applicable Option Securities shall be subject
to the conditions specified in the introductory paragraph of this <U>Section 6</U> and to the further condition that, at the applicable
Option Closing Date, the Underwriters shall have received:</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(1) <I>Officers&#8217;
Certificate</I>. A certificate, dated such Option Closing Date, to the effect set forth in, and signed by the Chief Executive Officer
and the Chief Financial Officer of the Company, as specified in <U>Section 6(e)</U> hereof, except that the references in such certificate
to the Closing Date shall be changed to refer to such Option Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(2) <I>Secretary&#8217;s
Certificate</I>. A certificate, dated such Option Closing Date, to the effect set forth in, and signed by the Secretary of the Company,
as specified in <U>Section 6(h)</U> hereof, except that the references in such certificate to the Closing Date shall be changed to refer
to such Option Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(3) <I>Opinions of
Counsel for the Company</I>. The opinions and negative assurance letter of (i) Paul Hastings LLP and (ii) Venable LLP, in form and substance
satisfactory to counsel for the Underwriters, dated such Option Closing Date, relating to the Option Securities to be purchased on such
Option Closing Date and otherwise to the same effect as the opinions required by <U>Section 6(c)</U> hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(4) <I>Opinion of
Counsel for Underwriters</I>. The opinion and negative assurance letter of Goodwin Procter LLP, counsel for the Underwriters, dated such
Option Closing Date, relating to the Option Securities to be purchased on such Option Closing Date and otherwise to the same effect as
the opinion required by <U>Section 6(d)</U> hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(5) <I>Bring-down
Comfort Letter</I>. A letter from Deloitte &amp; Touche LLP, in form and substance satisfactory to the Underwriters and dated such Option
Closing Date, substantially in the same form and substance as the letter furnished to the Underwriters pursuant to <U>Section 6(j)</U>
hereof, except that the &#8220;specified date&#8221; in the letter furnished pursuant to this paragraph shall be a date not more than
one business day prior to such Option Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(6) <I>Bring-down
CFO Certificate</I>. A certificate, dated such Option Closing Date, to the effect set forth in, and signed by the Chief Financial Officer
of the Company, as specified in <U>Section 6(g)</U> hereof, except that the references in such certificate to the Closing Date shall be
changed to refer to such Option Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(o) <I>Additional Documents.
</I>At the Closing Date and at each Option Closing Date, counsel for the Underwriters shall have been furnished with such other documents
and opinions as they may reasonably require for the purpose of enabling them to pass upon the offering 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,
contained in this Agreement or the Forward Sale Agreements; 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 Underwriters and counsel for the Underwriters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(p) <I>Termination of Agreement.
</I>If any condition specified in this <U>Section 6</U> shall not have been fulfilled when and as required to be fulfilled, this Agreement
, or, in the case of any condition to the purchase of Option Securities on an Option Closing Date which is after the Closing Date, the
obligations of the Underwriters to purchase the relevant Option Securities, may be terminated by the Underwriters by notice to the Company
at any time on or prior to the Closing Date or such Option Closing Date, as the case may be, and such termination shall be without liability
of any party to any other party except as provided in <U>Section 5</U> hereof, and except that <U>Sections 2</U>, <U>7</U>, <U>8</U>,
<U>9</U>, <U>13</U>, <U>14</U> and <U>17</U> hereof shall survive any such termination and remain in full force and effect.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-decoration: none">Section
7. </FONT><U>Indemnification and Contribution<FONT STYLE="font-size: 10pt">.</FONT></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(a) <I>Indemnification
of Underwriters. </I>The Company agrees to indemnify and hold harmless each of the Underwriters, Forward Sellers and Forward Counterparties,
their respective officers and employees, their respective affiliates, as such term is defined in Rule 501(b) under the Securities Act
(each, an &#8220;<U>Affiliate</U>&#8221;), their respective selling agents and each person, if any, who controls each Underwriter within
the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(1) 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 the Rule 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 any preliminary prospectus, any Issuer
Free Writing Prospectus or the Prospectus (or any amendment or supplement thereto), 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;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(2) 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 <U>Section
7(d)</U> below) any such settlement is effected with the written consent of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in">(3) against any and
all expense whatsoever, as incurred (including the fees and disbursements of counsel chosen by the Underwriters), 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 (1) or (2) above;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><I>provided, 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 or on behalf of any of the Underwriters expressly for use in the Registration Statement (or any amendment thereto),
including the Rule 430B Information, or any preliminary prospectus, or any Issuer Free Writing Prospectus or the Prospectus (or any amendment
or supplement thereto), which information is described in <U>Section 2(a)(7)</U> hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(b) <I>Indemnification
of Company, Trustees and Officers. </I>Each Underwriter, each Forward Seller and each Forward Counterparty, severally and not jointly,
agrees to indemnify and hold harmless the Company, its trustees, its officers and each person, if any, who controls the Company within
the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, against any and all loss, liability, claim, damage
and expense described in the indemnity contained in subsection (a) of this <U>Section 7</U>, 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
the Rule 430B Information, any preliminary prospectus, any Issuer Free Writing Prospectus or the Prospectus (or any amendment or supplement
thereto) in reliance upon and in conformity with written information furnished to the Company by or on behalf of the Underwriters expressly
for use therein, which information is described in <U>Section 2(a)(1)</U> hereof.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(c) <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 <U>Section 7(a)</U> above, counsel to the indemnified parties shall be selected by the Underwriters,
and, in the case of parties indemnified pursuant to <U>Section 7(b)</U> 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, 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 <U>Section 7</U> or <U>Section 8</U> hereof (whether or not the indemnified
parties are actual or potential parties thereto), unless such settlement, compromise or consent (i) includes an unconditional release
of each indemnified party from all liability arising out of such litigation, investigation, proceeding or claim and (ii) 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(d) <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 <U>Section 7(a)(ii)</U> effected without its written consent if (i) such settlement is entered into more than 60 days after receipt
by such indemnifying party of the aforesaid request, (ii) such indemnifying party shall have received notice of the terms of such settlement
at least 30 days prior to such settlement being entered into and (iii) such indemnifying party shall not have reimbursed such indemnified
party for the fees and expenses of counsel in accordance with such request prior to the date of such settlement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 8. <U>Contribution</U><FONT STYLE="font-size: 10pt">.
</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(a) If the indemnification
provided for in <U>Section 7</U> 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) in such proportion
as is appropriate to reflect the relative benefits received by the Company, on the one hand, and the Underwriters, Forward Sellers and
Forward Counterparties, on the other hand, from the offering of the Securities pursuant to this Agreement or the Forward Sale Agreements
or (ii) if the allocation provided by clause (i) is not permitted by applicable law, in such proportion as is appropriate to reflect not
only the relative benefits referred to in clause (i) above but also the relative fault of the Company, on the one hand, and of the Underwriters,
Forward Sellers and Forward Counterparties, 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: 0 0 12pt; text-align: justify; text-indent: 0.5in">(b) The relative benefits
received by the Company, on the one hand, and the Underwriters, Forward Sellers and Forward Counterparties, on the other hand, in connection
with the offering of the Securities pursuant to this Agreement and the Forward Sale Agreements shall be deemed to be in the same respective
proportions as (i) the total net proceeds from the sale of the Securities pursuant to this Agreement and the</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Forward Sale Agreements (before deducting expenses)
received by the Company, (ii) the total commissions or underwriting discounts received by the Underwriters and Forward Sellers and (iii)
the total spread net of any costs associated therewith as reasonably determined by such Forward Counterparty in connection with the Securities
underwritten by it and distributed to the public, in each case as set forth on the cover of the Prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(c) The relative fault
of the Company, on the one hand, and the Underwriters, Forward Sellers and Forward Counterparties, 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, Forward Sellers and Forward Counterparties
and the parties&#8217; 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: 0 0 12pt; text-align: justify; text-indent: 0.5in">(d) The Company, the Underwriters,
the Forward Sellers and the Forward Counterparties agree that it would not be just and equitable if contribution pursuant to this <U>Section
8</U> were determined by pro rata allocation (even if the Underwriters, Forward Sellers and Forward Counterparties 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 <U>Section 8</U>. The aggregate amount of losses, liabilities, claims, damages and expenses incurred by an indemnified party
and referred to above in this <U>Section 7</U> 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: 0 0 12pt; text-align: justify; text-indent: 0.5in">(e) Notwithstanding the
provisions of this <U>Section 8</U>, the Underwriters, the Forward Sellers and the Forward Counterparties shall not be required to contribute
any amount in excess of the amount of the total commissions or underwriting discounts received by such Underwriter, Forward Seller or
the amount of the total spread net of any costs associated therewith as reasonably determined by such Forward Counterparty in connection
with the Securities underwritten by them and distributed by them to the public. The Underwriters&#8217;, Forward Sellers&#8217; and Forward
Counterparties&#8217; obligations to contribute pursuant to this <U>Section 8</U> shall be several in proportion to their respective purchase
obligations hereunder and not joint.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(f) No person guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities 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: 0 0 12pt; text-align: justify; text-indent: 0.5in">(g) For purposes of this
<U>Section 8</U>, each person, if any, who controls an Underwriter, Forward Seller or Forward Counterparty within the meaning of Section
15 of the Securities Act or Section 20 of the Exchange Act and the Underwriters&#8217;, Forward Sellers&#8217; and Forward Counterparties&#8217;
Affiliates and selling agents shall have the same rights to contribution as the Underwriters, Forward Sellers and Forward Counterparties,
and each trustee of the Company, each officer of the Company, and each person, if any, who controls the Company within the meaning of
Section 15 of the Securities Act or Section 20 of the Exchange Act shall have the same rights to contribution as the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 9. <U>Representations,
Warranties and Agreements to Survive </U><FONT STYLE="font-size: 10pt">. All representations, warranties and agreements contained in this
Agreement or in certificates of officers of the Company or any of its Subsidiaries submitted pursuant hereto, shall remain operative and
in full force and effect (i) regardless of any investigation made by or on behalf of the Underwriters or their Affiliates or selling agents,
or any person controlling the Underwriters, any officers or trustees of the Company or any person controlling the Company, and (ii) shall
survive delivery of, and payment for, the Securities to the Underwriters.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-decoration: none">Section
10. </FONT><U>Termination of Agreement</U><FONT STYLE="font-size: 10pt">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(a) <I>Termination. </I>The
Underwriters in their absolute discretion may terminate this Agreement , by notice to the Company, as hereinafter specified at any time
at or prior to the Closing Date (i) if there has been, since the time of execution of this Agreement and the Forward Sale Agreements or
since the respective dates as of which information is given in the Prospectus (exclusive of any supplement thereto) or the Disclosure
Package, any material adverse change in the condition, financial or otherwise, or in the earnings, business affairs 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) 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 Underwriters, impracticable or inadvisable to proceed with the completion of the offering or to enforce contracts for
the sale of the Securities as contemplated by the Disclosure Package, or (iii) if trading in the securities of the Company has been suspended
or materially limited by the Commission or the NYSE, or (iv) if trading generally on the NYSE or in the Nasdaq Global Market has been
suspended or materially 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 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) if a banking moratorium has been declared
by either Federal or New York authorities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(b) <I>Liabilities. </I>If
this Agreement is terminated pursuant to this <U>Section 10</U>, such termination shall be without liability of any party to any other
party except as provided in <U>Section 5</U> hereof, and except that <U>Sections 2</U>, <U>7</U>, <U>8</U>, <U>9</U>, <U>13</U>, <U>14</U>
and <U>17</U> shall survive such termination and remain in full force and effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 11. <U>Default
by the Underwriters.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(a) If any Underwriter
or Underwriters shall fail at the Closing Date or an Option Closing Date to purchase the Underwritten Securities or Option Securities
which it is obligated to purchase under this Agreement, and if the Underwritten Securities or Option Securities with respect to which
such failure to purchase relates (the &#8220;<U>Default Securities</U>&#8221;) do not (after giving effect to arrangements, if any, made
by the Underwriters pursuant to subsection (b) below) exceed in the aggregate 10% of the number of Underwritten Securities or Option Securities,
each non-defaulting Underwriter, acting severally and not jointly, agrees to purchase from the Company that number of Default Securities
that bears the same proportion of the total number of Default Securities then being purchased as the number of Underwritten Securities
set forth opposite the name of such Underwriter in Schedule I hereto bears to the aggregate number of Underwritten Securities set forth
opposite the names of the non-defaulting Underwriters, subject, however, to such adjustments to eliminate fractional shares as the Underwriters
in their sole discretion shall make.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(b) In the event the aggregate
number of Default Securities exceeds 10% of the number of Underwritten Securities or Option Securities, as the case may be, the Underwriters
may in their discretion arrange for themselves or for another party or parties (including any non-defaulting Underwriter who so agrees)
to purchase the Default Securities on the terms contained herein. In the event that within five calendar days after such default the Underwriters
do not arrange for the purchase of the Default Securities as provided in this <U>Section 11</U>, this Agreement or, in the case of a default
with respect to the Option Securities, the obligations of the Underwriters to purchase and of the Company to sell such Option Securities
shall thereupon terminate, with no liability on the part of the Company with respect thereto (except in each case as provided in <U>Sections
5</U>, <U>7</U>, <U>8</U>, <U>9</U> and <U>10</U>) or the Underwriters, but nothing in this Agreement shall relieve a defaulting Underwriter
of its liability, if any, to the other Underwriters and the Company for damages occasioned by its default hereunder.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(c) In the event that any
Default Securities are to be purchased by the non-defaulting Underwriters, or are to be purchased by another party or parties as aforesaid,
the Underwriters or the Company shall have the right to postpone the Closing Date or Option Closing Date, as the case may be, for a period
not exceeding five business days, in order to effect whatever changes may thereby be made necessary in the Registration Statement or the
Prospectus or in any other documents and arrangements, and the Company agrees to file promptly any amendment or supplement to the Registration
Statement or the Prospectus which, in the opinion of the Underwriters&#8217; counsel, may thereby be made necessary or advisable. The
term &#8220;Underwriter&#8221; as used in this Agreement shall include any party substituted under this Section 11 with like effect as
if it had originally been a party to this Agreement with respect to such Underwritten Securities and Option Securities</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 12. <U>Notices</U><FONT STYLE="font-size: 10pt">.
Except as otherwise provided in this Agreement, 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 J.P. Morgan Securities LLC, 383 Madison Avenue, 6th Floor, New York, New York 10179; Wells Fargo Securities, LLC, 500 West 33rd Street,
14th Floor, New York, NY 10001; KeyBanc Capital Markets Inc., 127 Public Square, 4th Floor, Cleveland, OH 44114; with a copy to Goodwin
Procter LLP, 620 Eighth Avenue, New York, NY 10018, Attention: Mark Schonberger, Esq.; notices to the Company shall be directed to it
at Lexington Realty Trust, One Penn Plaza, Suite 4015, New York, New York 10119, Attention: Joseph S. Bonventre, Esq., General Counsel,
fax no. (212) 594-6600, with a copy to Paul Hastings LLP, 200 Park Avenue, New York, NY 10166, Attention: Frank Lopez &amp; James M. Shea,
Jr. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 13. <U>Parties</U><FONT STYLE="font-size: 10pt">.
This Agreement shall inure to the benefit of and be binding upon the Underwriters, 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,
the Company, and their respective successors and the controlling persons and officers, directors and trustees referred to in Section 7
and 8 hereof 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, the Company, and their respective successors, and said controlling persons and officers, directors and trustees
and their heirs and legal representatives, and for the benefit of no other person, firm or corporation. No purchaser of Securities from
the Underwriters shall be deemed to be a successor by reason merely of such purchase.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 14. <U>Governing
Law and Time</U><FONT STYLE="font-size: 10pt">. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE
OF NEW YORK. SPECIFIED TIMES OF DAY REFER TO NEW YORK CITY TIME. TIME IS OF THE ESSENCE OF THIS AGREEMENT.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 15. <U>Effect of
Headings</U><FONT STYLE="font-size: 10pt">. The Section and Exhibit Headings herein are for convenience only and shall not affect the
construction hereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 16. <U>Absence
of Fiduciary Relationship</U><FONT STYLE="font-size: 10pt">. The Company hereby acknowledges and agrees:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(a) The Underwriters are
acting solely as underwriters in connection with the public offering of the Securities and no fiduciary, advisory or agency relationship
between the Company, on the one hand, and each Underwriter, on the other hand, has been or will be created in respect of any of the transactions
contemplated by this Agreement, irrespective of whether or not the Underwriters have advised or are advising the Company on other matters,
and the Underwriters do not have any obligation to the Company with respect to the transactions contemplated by this Agreement except
the obligations expressly set forth in this Agreement;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(b) it is capable of evaluating
and understanding, and understands and accepts, the terms, risks and conditions of the transactions contemplated by this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(c) in connection with
each transaction contemplated by this Agreement and the process leading to such transactions, the Underwriters are and have been acting
solely as principals and not as fiduciaries, advisors or agents of the Company or LCIF or any of their respective affiliates, stockholders
(or other equity holders), creditors or employees or any other party</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(d) the Underwriters have
not provided any legal, accounting, regulatory or tax advice with respect to the transactions contemplated by this Agreement and they
have consulted their own legal, accounting, regulatory and tax advisors to the extent they have deemed appropriate;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(e) it is aware that the
Underwriters and their respective affiliates are engaged in a broad range of transactions which may involve interests that differ from
those of the Company and the Underwriters do not have any obligation to disclose such interests and transactions to the Company by virtue
of any fiduciary, advisory or agency relationship or otherwise; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(f) it waives, to the fullest
extent permitted by law, any claims it may have against the Underwriters for breach of fiduciary duty or alleged breach of fiduciary duty
and agrees that the Underwriters shall not have any liability (whether direct or indirect, in contract, tort or otherwise) to it in respect
of such a fiduciary duty claim or to any person asserting a fiduciary duty claim on its behalf or in right of it or the Company or any
shareholders, employees or creditors of Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 17. <U>Trial by
Jury</U><FONT STYLE="font-size: 10pt">. The Company (on its behalf and, to the extent permitted by applicable law, on behalf of its shareholders
and affiliates) and each of the Underwriters 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.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 18. <U>Counterparts</U><FONT STYLE="font-size: 10pt">.
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. Counterparts may be delivered via facsimile, electronic mail (including any electronic
signature covered by the U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions Act, the Electronic Signatures and Records Act
or other applicable law, e.g., www.docusign.com) or other transmission method and any counterpart so delivered shall be deemed to have
been duly and validly delivered and be valid and effective for all purposes.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 19. <U>Partial
Unenforceability</U><FONT STYLE="font-size: 10pt">. The invalidity or unenforceability of any section, paragraph or provision of this
Agreement shall not affect the validity or enforceability of any other section, paragraph or provision hereof. If a section, paragraph
or provision of this Agreement is for any reason determined to be invalid or unenforceable, there shall be deemed to be made such minor
changes (and only such minor changes) as are necessary to make it valid and enforceable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 20. <U>Recognition
of the U.S. Special Resolution Regimes.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(a) 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>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(b) 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: 0 0 12pt; text-align: justify; text-indent: 0.5in">(c) For purposes of this
<U>Section 20</U>, a &#8220;<U>BHC Act Affiliate</U>&#8221; has the meaning assigned to the term &#8220;affiliate&#8221; in, and shall
be interpreted in accordance with, 12 U.S.C. &sect; 1841(k). &#8220;<U>Covered Entity</U>&#8221; means any of the following: (i) a &#8220;<U>covered
entity</U>&#8221; as that term is defined in, and interpreted in accordance with, 12 C.F.R. &sect; 252.82(b); (ii) a &#8220;<U>covered
bank</U>&#8221; as that term is defined in, and interpreted in accordance with, 12 C.F.R. &sect; 47.3(b); or (iii) a &#8220;<U>covered
FSI</U>&#8221; as that term is defined in, and interpreted in accordance with, 12 C.F.R. &sect; 382.2(b). &#8220;<U>Default Right</U>&#8221;
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. &#8220;<U>U.S. Special Resolution Regime</U>&#8221; means each of (i) the Federal Deposit Insurance Act and the regulations
promulgated thereunder and (ii) 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: 0 0 12pt; text-align: justify; text-indent: 0.5in">Section 21. <U>Issuance
and Sale by Company.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(a) In the event that any
of the Forward Sellers elects not to borrow Securities, pursuant to Section 3 hereof, or any of the Forward Seller is unable to borrow
and deliver for sale under this Agreement a number of Common Shares equal to the number of Borrowed Underwritten Securities or Borrowed
Option Securities, as applicable, to be sold by it to the Underwriters on the Closing Date or the relevant Option Closing Date, as applicable,
and deliverable by such Forward Seller hereunder, or any of the Forward Sellers determines that (A) it or its affiliate is unable through
commercially reasonable efforts to borrow and deliver for sale under this Agreement a number of Common Shares equal to the number of Borrowed
Securities to be sold by it hereunder in connection with establishing a commercially reasonable hedge position or (B) in its commercially
reasonable judgment either it would be impracticable for such Forward Seller to do so or it would incur a stock loan cost (excluding,
for the avoidance of doubt, the federal funds rate component payable by the relevant stock lender to the Forward Seller) of more than
a rate equal to 200 basis points per annum with respect to all or any portion of such shares to do so, then, upon notice by such Forward
Seller to the Company (which notice shall be delivered no later than 5:00 p.m., New York City time, on the Exchange Business Day immediately
preceding the Closing Date or the relevant Option Closing Date, as the case may be), the Company shall issue and sell to the Underwriters,
pursuant to Section 3 hereof, in whole but not in part, an aggregate number of Common Shares equal to the number of Borrowed Underwritten
Securities or Borrowed Option Securities, as applicable, deliverable by such Forward Seller hereunder that the Forward Seller does not
so deliver and sell to the Underwriters. In connection with any such issuance and sale by the Company, the Company or the Underwriters
shall have the right to postpone the Closing Date or the relevant Option Closing Date, as applicable, for one business day in order to
effect any required changes in any documents or arrangements. Any Common Shares sold by the Company to the Underwriters pursuant to this
Section 21(a) in lieu of any Borrowed Underwritten Securities are referred to herein as the &#8220;Company Top-Up Underwritten Securities.&#8221;
Any Common Shares sold by the Company to the Underwriters pursuant to this Section 21(a) in lieu of any Borrowed Option Securities in
respect of which Option Forward Sale Agreements have been executed are referred to herein as the &#8220;<U>Company Top-Up Option Securities</U>.&#8221;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(b) No Forward Counterparty
nor the Forward Seller shall have any liability whatsoever for any Borrowed Underwritten Securities or Borrowed Option Securities that
a Forward Seller does not deliver and sell to the Underwriters or any other party if (i) all the Conditions with respect to a Forward
Counterparty and the Forward Seller are not satisfied on or prior to the Closing Date or the relevant Option Closing Date or any additional
time of purchase (in respect of any Borrowed Option Securities in respect</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">of which the Option Forward Sale Agreement
has been executed), as applicable, and such Forward Seller elects pursuant to Section 3 hereof not to deliver and sell to the Underwriters
the Borrowed Underwritten Securities or Borrowed Option Securities, as applicable, deliverable by such Forward Seller hereunder, or (ii)
a Forward Seller determines that (A) it or its affiliate is unable through commercially reasonable efforts to borrow and deliver for sale
under this Agreement a number of Common Shares equal to the number of Borrowed Securities to be sold by it hereunder in connection with
establishing a commercially reasonable hedge position or (B) in its commercially reasonable judgment either it would be impracticable
for such Forward Seller to do so or it would incur a stock loan cost (excluding, for the avoidance of doubt, the federal funds rate component
payable by the relevant stock lender to such Forward Seller) of more than a rate equal to 200 basis points per annum with respect to all
or any portion of such shares to do so, it being understood that the foregoing exclusion of liability shall not apply in the case of fraud
and/or any intentional misconduct.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><I>[Signature Page Follows.]</I></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: justify; 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>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">Very truly yours,</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt"><B>LEXINGTON REALTY TRUST</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 51%; padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 5%; padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 44%; padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">By: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.75pt; text-align: left">/s/ Joseph S. Bonventre</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">Name:&nbsp;&nbsp;Joseph S. Bonventre</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">Title:&nbsp;&nbsp;&nbsp;&nbsp;Executive Vice President</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">CONFIRMED AND ACCEPTED, as of the</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">date first above written: </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt"><B>J.P. MORGAN SECURITIES LLC</B>, </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">in its capacity as Underwriter and Forward Seller </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">By:&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 45%; padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;/s/ Eddy Allegaert</FONT></TD>
    <TD STYLE="width: 51%; padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">Name:&nbsp;&nbsp;Eddy Allegaert</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">Title:&nbsp;&nbsp;&nbsp;&nbsp;Managing Director</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt"><B>WELLS FARGO SECURITIES, LLC</B>, </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">in its capacity as Underwriter and Forward Seller </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">By:&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;/s/ Elizabeth Alvarez</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">Name:&nbsp;&nbsp;Elizabeth Alvarez</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">Title:&nbsp;&nbsp;&nbsp;&nbsp;Managing Director</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt"><B>KEYBANC CAPITAL MARKETS INC.</B></FONT></TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">in its capacity as Underwriter&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">By:&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;/s/ Mark Barath</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">Name:&nbsp;&nbsp;Mark Barath</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">Title:&nbsp;&nbsp;&nbsp;&nbsp;Director, Equity Capital Markets</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; padding-bottom: 12pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; padding-bottom: 12pt; text-align: justify">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt">&nbsp;</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt"><B>JPMORGAN CHASE BANK, N.A.</B>,</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">in its capacity as Forward Counterparty </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">By:&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 45%; padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;/s/ Eddy Allegaert</FONT></TD>
    <TD STYLE="width: 51%; padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">Name:&nbsp;&nbsp;Eddy Allegaert</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">Title:&nbsp;&nbsp;&nbsp;&nbsp;Managing Director</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt"><B>WELLS FARGO BANK, N.A.</B></FONT></TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">in its capacity as Forward Counterparty </FONT></TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">By:&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;/s/ Thomas Yates</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">Name:&nbsp;&nbsp;Thomas Yates</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">Title:&nbsp;&nbsp;&nbsp;&nbsp;Managing Director</FONT></TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&nbsp;</P>

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

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


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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>Lock-Up Agreement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>May [__], 2021</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">J.P. Morgan Securities LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">383 Madison Avenue, 6th Floor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">New York, New York 10179</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">500 West 33rd Street, 14th Floor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">New York, NY 10001</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">KeyBanc Capital Markets Inc<FONT STYLE="font-size: 10pt">.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">127 Public Square, 4th Floor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">Cleveland, OH 44114</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">Re:</TD><TD STYLE="text-align: justify"><U>Proposed Public Offering by Lexington Realty Trust</U></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Dear Sirs:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The undersigned, a shareholder
and an officer and/or trustee of Lexington Realty Trust, Maryland real estate investment trust (the &#8220;<B>Company</B>&#8221;), understands
that J.P. Morgan Securities LLC, Wells Fargo Securities, LLC and KeyBanc Capital Markets Inc. (the &#8220;<B>Underwriters</B>&#8221;),
proposes to enter into the Underwriting Agreement with the Company providing for the public offering of shares of beneficial interests
classified as common stock, par value $0.0001 per share (the &#8220;<B>Common Shares</B>&#8221;). In recognition of the benefit that such
an offering will confer upon the undersigned as a shareholder and an officer and/or trustee of the Company, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned agrees with the Underwriters that, during
a period of [60] days from the date of the Underwriting Agreement (the &#8220;<B>Lock-up Period</B>&#8221;), the undersigned will not,
without the prior written consent of the Underwriters, directly or indirectly, (i) 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 for the sale of, lend or otherwise
dispose of or transfer any shares of the Common Shares, or any securities convertible into or convertible or exercisable for Common Shares,
or announce the intention to enter into any of the foregoing transactions, whether now owned or hereafter acquired by the undersigned
or with respect to which the undersigned has or hereafter acquires the power of disposition, or file, or cause to be filed, any registration
statement under the Securities Act of 1933, as amended, with respect to any of the foregoing (collectively, the &#8220;<B>Lock-Up Securities</B>&#8221;)
or (ii) enter into any swap or any other agreement or any transaction that transfers, in whole or in part, directly or indirectly, the
economic consequence of ownership of the Lock-Up Securities, whether any such swap or transaction described in clause (i) or clause (ii)
is to be settled by delivery of Common Shares or other securities, in cash or otherwise, or announce the intention to enter into any of
the foregoing transactions; provided that, nothing herein shall prohibit the transfer of Common Shares to the Company upon the exercise
of a stock option outstanding on the date hereof to pay the exercise price or tax withholding obligations or upon the vesting of restricted
stock or restricted stock units outstanding on the date hereof to pay tax withholding obligations so long as any Common Shares acquired
upon the exercise of an outstanding stock option or upon the vesting of</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">outstanding restricted stock or restricted
stock units as described above shall be subject to the restrictions set forth in this lock-up letter agreement; provided, further that
in each case no filing under Section 16 of the Exchange Act, or other public announcement is required or otherwise made (other than a
filing on Form 5 made after the <FONT STYLE="font-size: 10pt">expiration of the Lock-Up Period or a filing on Form 4 required to be filed
under the Exchange Act as applicable; provided, however, that if such Form 4 is filed during the Lock-Up Period, such Form 4 shall indicate
by footnote disclosure or otherwise the nature of such transfer or that no Common Shares are being sold or otherwise disposed of by the
undersigned in connection therewith and that such Common Shares received by any transferee are subject to the terms of this agreement).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The undersigned also agrees
and consents to the entry of stop transfer instructions with the Company&#8217;s transfer agent and registrar against the transfer of
the Lock-Up Securities except in compliance with the foregoing restrictions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">This agreement shall be
governed by and construed in accordance with the laws of the State of New York.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt 3in; text-align: justify">&nbsp;</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 24pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 24pt; text-align: justify"><FONT STYLE="font-size: 10pt">Very truly yours,</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 51%; padding-right: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 14%; padding-right: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Signature: &nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 35%; padding-right: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Print Name: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>


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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">[<I>Reference is hereby made to Exhibit 21 of the Company&#8217;s
most recent Annual Report on Form 10-K together with the supplements noted below and with any supplements and amendments delivered by
the Company to the Underwriters</I>.]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&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="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.25pt 2pt 1.5pt; text-align: center"><B><U>Name</U></B></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.25pt 2pt 1.5pt; text-align: center"><B>Jurisdiction of <BR>
Organization</B></TD>
    <TD STYLE="border: black 1pt solid; padding: 2pt 1.5pt; text-align: center"><B><U>Nature of Equity Interests</U></B></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 1.25pt 1.75pt 1.5pt">LEX WHITESTOWN 4600 AWD LLC</TD>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 1.25pt 1.75pt 1.5pt; text-align: center">DE</TD>
    <TD STYLE="border-left: black 1pt solid; padding: 2pt 1.5pt 1.75pt; border-right: black 1pt solid">Limited Liability Company</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-top: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.25pt 1.75pt 1.5pt">LEX WHITESTOWN 4600 AWD 1031 LLC</TD>
    <TD STYLE="border-top: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.25pt 1.75pt 1.5pt; text-align: center">DE</TD>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.5pt 1.75pt">Limited Liability Company</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-top: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.25pt 1.75pt 1.5pt">LEX WHITESTOWN 4900 AWD LLC</TD>
    <TD STYLE="border-top: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.25pt 1.75pt 1.5pt; text-align: center">DE</TD>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.5pt 1.75pt">Limited Liability Company</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-top: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.25pt 1.75pt 1.5pt">LEX WHITESTOWN 4900 AWD 1031 LLC</TD>
    <TD STYLE="border-top: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.25pt 1.75pt 1.5pt; text-align: center">DE</TD>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.5pt 1.75pt">Limited Liability Company</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-top: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.25pt 1.75pt 1.5pt">LEX OCALA 44 LLC</TD>
    <TD STYLE="border-top: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.25pt 1.75pt 1.5pt; text-align: center">DE</TD>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.5pt 1.75pt">Limited Liability Company</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-top: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.25pt 1.75pt 1.5pt">OCALA 44 RRL, LLC</TD>
    <TD STYLE="border-top: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.25pt 1.75pt 1.5pt; text-align: center">DE</TD>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.5pt 1.75pt">Limited Liability Company</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-top: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.25pt 1.75pt 1.5pt">LEX OCALA 44 MANAGER LLC</TD>
    <TD STYLE="border-top: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.25pt 1.75pt 1.5pt; text-align: center">DE</TD>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.5pt 1.75pt">Limited Liability Company</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-top: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.25pt 1.75pt 1.5pt">LRA OCALA 44 LLC</TD>
    <TD STYLE="border-top: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.25pt 1.75pt 1.5pt; text-align: center">DE</TD>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.5pt 1.75pt">Limited Liability Company</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-top: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.25pt 1.75pt 1.5pt">LRA HANCOCK 13 LLC</TD>
    <TD STYLE="border-top: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.25pt 1.75pt 1.5pt; text-align: center">DE</TD>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.5pt 1.75pt">Limited Liability Company</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-top: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.25pt 1.75pt 1.5pt">LEX HANCOCK 13 MANAGER LLC</TD>
    <TD STYLE="border-top: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.25pt 1.75pt 1.5pt; text-align: center">DE</TD>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.5pt 1.75pt">Limited Liability Company</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-top: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.25pt 1.75pt 1.5pt">LEX HANCOCK 13 LLC</TD>
    <TD STYLE="border-top: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.25pt 1.75pt 1.5pt; text-align: center">DE</TD>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.5pt 1.75pt">Limited Liability Company</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.25pt 2pt 1.5pt">HANCOCK 13 RRL, LLC</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 2pt 1.25pt 2pt 1.5pt; text-align: center">DE</TD>
    <TD STYLE="border: black 1pt solid; padding: 2pt 1.5pt">Limited Liability Company</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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

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


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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>FORM OF OFFICER CERTIFICATE OF COMPANY</U></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in">OFFICER CERTIFICATE OF COMPANY</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The undersigned, the duly
qualified and elected President and Chief Executive Officer and Executive Vice President, Chief Financial Officer and Treasurer, respectively,
of Lexington Realty Trust (the &#8220;<U>Company</U>&#8221;), a Maryland real estate investment trust, does hereby certify in such capacity
and on behalf of the Company, pursuant to Section 6(e) of the Underwriting Agreement dated May [_], 2021 (the &#8220;<U>Agreement</U>&#8221;),
by and between the Company, J.P. Morgan Securities LLC, Wells Fargo Securities, LLC and KeyBanc Capital Markets Inc. (collectively, the
&#8220;<U>Underwriters</U>&#8221;), that to the knowledge of the undersigned:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
representations and warranties of the Company in Section 5 of the Agreement (A) to the extent such representations and warranties are
subject to qualifications and exceptions contained therein relating to materiality or Material Adverse Effect, are true and correct on
and as of the date hereof with the same force and effect as if expressly made on and as of the date hereof, except for those representations
and warranties that speak solely as of a specific date and which were true and correct as of such date, and (B) to the extent such representations
and warranties are not subject to any qualifications or exceptions, are true and correct in all material respects as of the date hereof
as if made on and as of the date hereof with the same force and effect as if expressly made on and as of the date hereof, except for those
representations and warranties that speak solely as of a specific date and which were true and correct as of such date; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company has complied in all material respects with all agreements and satisfied all conditions on its part to be performed or satisfied
pursuant to the Agreement at or prior to the date hereof (other than those conditions waived by the Underwriters).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Unless otherwise defined
herein, capitalized terms used in this Certificate shall have the meanings ascribed to them in the Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">This certificate is to
assist the Underwriters and its counsel in conducting and documenting their investigation of the affairs of the Company in connection
with the offer and sale of the Securities. Each of Paul Hastings LLP, counsel to the Company, and Goodwin Procter LLP, counsel to the
Underwriters, is entitled to rely on this certificate in connection with the opinions that each firm is rendering pursuant to the Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">[<I>Signature page follows</I>]</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">IN WITNESS WHEREOF, the undersigned have executed
this Certificate as of the ___ day of May, 2021.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 51%; padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 4%; padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">By:&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 45%; padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">Name:&nbsp;&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">Title:&nbsp;&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">By:&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">Name:&nbsp;&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">Title:&nbsp;&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 4in; text-indent: -0.75in">&nbsp;</P>

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

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

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


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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>FORM OF OPINION OF MARYLAND COUNSEL</U></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>[LETTERHEAD OF VENABLE LLP]</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">May [__], 2021</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">J.P. Morgan Securities LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">JPMorgan Chase Bank, National Association</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">383 Madison Avenue, 6th Floor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">New York, New York 10179</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">Wells Fargo Bank, National Association</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">500 West 33rd Street, 14th Floor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">New York, NY 10001</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">KeyBanc Capital Markets Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">127 Public Square, 4th Floor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">Cleveland, OH 44114</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Re:&#9;<U>Lexington Realty Trust</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">We have served as Maryland
counsel for Lexington Realty Trust, a Maryland real estate investment trust (the &#8220;Company&#8221;), in connection with certain matters
of Maryland law arising out of the sale of up to [18,400,000] shares (the &#8220;Underwritten Shares&#8221;) of beneficial interest classified
as common stock, par value $.0001 per share (the &#8220;Common Stock&#8221;), of the Company (including up to [2,400,000] Underwritten
Shares that may be purchased by the Underwriters (as defined below) pursuant to an option), pursuant to (i) that certain Underwriting
Agreement, dated May [__], 2021 (the &#8220;Underwriting Agreement&#8221;), by and among the Company, the Forward Counterparties (as defined
in the Underwriting Agreement) (or their designated agents), and J.P. Morgan Securities LLC, Wells Fargo Securities, LLC and KeyBanc Capital
Markets (collectively, the &#8220;Underwriters&#8221; and, individually, an &#8220;Underwriter&#8221;), and (ii) the letter agreements,
each dated as of May [__], 2021 (collectively, the &#8220;Forward Sale Agreements&#8221; and, together with the Underwriting Agreement,
the &#8220;Agreements&#8221;), by and between the Company and each of JPMorgan Chase Bank, National Association and Wells Fargo Bank,
National Association, in their capacities as forward purchasers of Underwritten Shares thereunder (in such capacities, the &#8220;Forward
Purchasers&#8221;). Up to [36,800,000] shares of Common Stock (the &#8220;Settlement Shares&#8221;) may be delivered by the Company upon
settlement of the Forward Sales Agreements and up to [18,400,000] shares of Common Stock (the &#8220;Top-Up Shares&#8221; and, together
with the Settlement Shares, the &#8220;Company Shares&#8221;), of the Company (including up to [2,400,000] Top-Up Shares that may be purchased
by the Underwriters pursuant to an option), may be issued and sold by the Company to the Underwriters pursuant to the Underwriting Agreement,
if such number of Underwritten Shares are not borrowed by the Forward</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Sellers from third parties. <FONT STYLE="font-size: 10pt">This
firm did not participate in the negotiation or drafting of the Agreements. This opinion is being delivered to you pursuant to Section
6(c) of the Underwriting Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 1in">In connection with our representation
of the Company, and as a basis for the opinion hereinafter set forth, we have examined originals, or copies certified or otherwise identified
to our satisfaction, of the following documents (hereinafter collectively referred to as the &#8220;Documents&#8221;):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 1in">1.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Registration Statement on Form S-3ASR (No. 333-253297), and all amendments thereto (the &#8220;Registration Statement&#8221;),
as filed with the United States Securities and Exchange Commission (the &#8220;Commission&#8221;) by the Company under the Securities
Act of 1933, as amended (the &#8220;1933 Act&#8221;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 1in">2.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Prospectus, dated February 19, 2021 (the &#8220;Base Prospectus&#8221;), as supplemented by the final Prospectus Supplement,
dated as of May [__], 2021 (the &#8220;Prospectus Supplement&#8221;), in the form in which each was transmitted to the Commission under
the 1933 Act;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 1in">3.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Declaration of Trust of the Company, as amended and supplemented through the date hereof (the &#8220;Declaration of Trust&#8221;),
certified by the State Department of Assessments and Taxation of Maryland (the &#8220;SDAT&#8221;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 1in">4.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Amended and Restated Bylaws of the Company, as amended (the &#8220;Bylaws&#8221;), certified as of the date hereof by an officer
of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 1in">5.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>A certificate of the SDAT as to the good standing of the Company, dated as of a recent date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">6.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Underwriting Agreement;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">7.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Forward Sale Agreements;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 1in">8.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Resolutions adopted by the Board of Trustees of the Company, and by a duly authorized committee thereof (collectively, the &#8220;Resolutions&#8221;),
relating to, among other matters, (i) the sale and issuance of the Company Shares pursuant to the Agreements, (ii) the authorization of
the execution, delivery and performance by the Company of the Agreements, and (iii) the reservation and issuance of the Settlement Shares
issuable pursuant to the Agreements, certified as of the date hereof by an officer of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 1in">9.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The form of specimen certificate representing the Common Stock (the &#8220;Common Certificate&#8221;), certified as of the date
hereof by an officer of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 1in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 1in">10.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> The Company&#8217;s Annual Report on Form 10-K for the year ended December 31, 2020 (the &#8220;10-K&#8221;);</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 1in">11.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>A certificate executed by an officer of the Company, dated as of the date hereof; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 1in">12.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Such other documents and matters as we have deemed necessary or appropriate to express the opinion set forth below, subject to
the assumptions, limitations and qualifications stated herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">In expressing the opinion set forth below, we have assumed
the following:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Each individual executing any of the Documents, whether on behalf of such
individual or another person, is legally competent to do so.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Each individual executing any of the Documents on behalf of a party (other
than the Company) is duly authorized to do so.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Each of the parties (other than the Company) executing any of the Documents
has duly and validly executed and delivered each of the Documents to which such party is a signatory, and such party&#8217;s obligations
set forth therein are legal, valid and binding and are enforceable in accordance with all stated terms.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">All Documents submitted to us as originals are authentic. The form and
content of all Documents submitted to us as unexecuted drafts do not differ in any respect relevant to this opinion from the form and
content of such Documents as executed and delivered. All Documents submitted to us as certified or photostatic copies conform to the original
documents. All signatures on all Documents are genuine. All public records reviewed or relied upon by us or on our behalf are true and
complete. All representations, warranties, statements and information contained in the Documents are true and complete. There has been
no oral or written modification of or amendment to any of the Documents, and there has been no waiver of any provision of any of the Documents,
by action or omission of the parties or otherwise.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Underwritten Shares will not be and have not been, and the Company
Shares will not be, issued or transferred in violation of the restrictions or limitations contained in the Declaration of Trust.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The certificates representing the Underwritten Shares or the Company Shares
will conform in all material respects to the Common Certificate.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Upon the issuance of any Settlement Shares, the total number of
shares of Common Stock issued and outstanding will not exceed the total number of shares of Common Stock that the Company is then authorized
to issue under the Declaration of Trust.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">The phrase &#8220;known to us&#8221; is limited to the
actual knowledge, without independent inquiry, of the lawyers currently at our firm who have performed legal services on behalf of the
Company within the prior twelve months.</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">Based upon the foregoing, and subject to the assumptions,
limitations and qualifications stated herein, it is our opinion that:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">1.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company is a real estate investment trust duly formed and validly existing under and by virtue of the laws of the State of
Maryland and is in good standing with the SDAT.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">2.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Company has the trust power to own, lease and operate its assets and properties and to conduct its business as described in
the Prospectus Supplement under the caption &#8220;Prospectus Supplement Summary - The Company&#8221; and to enter into and perform its
obligations under the Agreements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">3.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The execution, delivery and performance by the Company of the Agreements have been duly authorized by all necessary trust action
on the part of the Company. The Agreements have been executed and, so far as is known to us, delivered by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">4.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The issuance of the Company Shares in accordance with the Agreements has been duly authorized and, when and if issued and delivered
pursuant to the terms of the Agreements, against payment therefor as set forth therein, the Company Shares will be validly issued, fully
paid and nonassessable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">5.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The sale and issuance of the Company Shares pursuant to the Agreements are not subject to preemptive rights or other similar rights
arising under the Maryland REIT Law, the Declaration of Trust or the Bylaws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">6.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The execution, delivery and performance of the Agreements by the Company and the consummation of the transactions contemplated
in the Agreements (including the use of the proceeds as described in each of the Prospectus Supplement and the Base Prospectus under the
caption &#8220;Use of Proceeds&#8221;) and compliance by the Company with its obligations under the Agreements, do not and will not conflict
with or result in a breach or violation of or result in any contravention of, or constitute a default under, (a) the Declaration of Trust
or the Bylaws or (b) any Maryland law, or any decree, rule or regulation of any Maryland governmental authority applicable to the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">7.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Common Certificate complies with all applicable requirements of the Maryland REIT Law, the Declaration of Trust and the Bylaws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">8.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>We have reviewed the information (i) in the Base Prospectus under the captions &#8220;Description of Our Common Shares,&#8221;
&#8220;Description of Our Preferred Shares&#8221; and &#8220;Restrictions on Transfers of Capital Stock and Anti-Takeover Provisions,&#8221;
(ii) in the 10-K under the caption &#8220;Item 1A. Risk Factors &#8211; Risks Related to Our Shares &#8211; There are certain limitations
on a third party&#8217;s ability to acquire us or effectuate a change in our control,&#8221; and (iii) in Part II of the Registration
Statement in Item 15 and, in each case, to the extent that such information constitutes matters of Maryland law, summaries of Maryland
legal matters, summaries of certain provisions of the Declaration of Trust or Bylaws or legal conclusions with respect to matters of Maryland
law, such information, is correct in all material respects. The authorized shares of beneficial interest of the Company conform in all
material respects to the description thereof in the Base Prospectus</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">under the captions &#8220;Description of Our Common Shares&#8221; and &#8220;Description
of Our Preferred Shares.&#8221;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">9.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No approval, authorization, consent or other order or registration or filing with any Maryland governmental or regulatory commission,
board, body, authority or agency having jurisdiction over the Company (other than as may be required under the Maryland securities or
blue sky laws, as to which no opinion is expressed) is required in connection with the issuance and sale of the Company Shares or with
the consummation by the Company of the transactions contemplated in the Agreements.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">10.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Board has adopted resolutions authorizing the reservation of the Settlement Shares.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">The foregoing opinion is limited to the substantive laws
of the State of Maryland and we do not express any opinion herein concerning any federal law or the laws of any other state. We express
no opinion as to the applicability or effect of federal or state securities laws, including the securities laws of the State of Maryland,
federal or state laws regarding fraudulent transfers or the laws, codes or regulations of any municipality or other local jurisdiction.
We note that the Agreements are governed by the laws of a jurisdiction other than the State of Maryland. To the extent that any matter
as to which our opinion is expressed herein would be governed by the laws of any jurisdiction other than the State of Maryland, we do
not express any opinion on such matter. We have assumed that as of the date any Shares are issued, any proceeds to be used for unspecified
general corporate purposes will be invested in cash or cash equivalents and our opinion set forth in paragraph 6 does not address the
application of such proceeds after such date. Our opinion expressed in paragraph 6(b) above is based upon our consideration of only those
laws, decrees, rules or regulations of the State of Maryland, if any, which, in our experience, are normally applicable to the transactions
of the type contemplated under the Agreements. Our opinion expressed in paragraph 9 above is based upon our consideration of only those
approvals, authorizations, consents, orders, registrations or filings required by Maryland governmental or regulatory commissions, boards,
bodies, authorities or agencies, if any, which, in our experience, are normally applicable to transactions of the type referred to in
such paragraph. The opinion expressed herein is subject to the effect of any judicial decision which may permit the introduction of parol
evidence to modify the terms or the interpretation of agreements.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">The opinion expressed herein is limited to the matters
specifically set forth herein and no other opinion shall be inferred beyond the matters expressly stated. We assume no obligation to supplement
this opinion if any applicable law changes after the date hereof or if we become aware of any fact that might change the opinion expressed
herein after the date hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">This opinion is being furnished to you solely for your
benefit in connection with the sale and issuance of the Shares on the date hereof. Accordingly, it may not be relied upon by, quoted in
any manner to, or delivered to any other person or entity (other than Paul Hastings LLP, counsel to the Company, and Goodwin Procter LLP,
counsel to the Underwriters and the Forward Purchasers, in connection with opinions to be issued by them on the date hereof relating to
the sale and issuance of the Shares) without, in each instance, our prior written consent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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: 50%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Very truly yours,</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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


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

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Pursuant to Section [6(g)] of
the Underwriting Agreement, dated as of May [_], 2021 (the &#8220;<B><I>Underwriting Agreement</I></B>&#8221;), by and among Lexington
Realty Trust, a Maryland real estate investment trust (the <B><I>Company</I></B>&#8221;), J.P. Morgan Securities LLC, Wells Fargo Securities,
LLC and KeyBanc Capital Markets Inc., as the underwriters (collectively, the &#8220;<B><I>Underwriters</I></B>&#8221;), the undersigned,
Beth Boulerice, Chief Financial Officer, Executive Vice President, and Treasurer of the Company, hereby certifies that:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1.</TD><TD STYLE="text-align: justify">As the Company&#8217;s Chief Financial Officer, (i) I am responsible for the Company&#8217;s accounting
and financial matters, (ii) I am familiar with the Company&#8217;s financial statements and internal accounting records and (iii) I am
familiar with and responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e)
and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules l3a-l 5(f) and 15d-15(f)).</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">2.</TD><TD STYLE="text-align: justify">I was actively involved in the preparation of the financial and other data identified on the copies of
certain pages of [the Company&#8217;s filings incorporated by reference in the Registration Statement and] the Prospectus attached hereto
attached hereto as <B><U>Exhibit A</U></B> (the &#8220;<B><I>Covered Data</I></B>&#8221;);</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">3.</TD><TD STYLE="text-align: justify">(i) I have made such review and inquiries of the Covered Data as I have deemed necessary to confirm the
accuracy and completeness of such data; and (ii) in the course of such reviews and inquiries, nothing has come to my attention that has
caused me to believe that the Covered Data is not accurately derived from the Company&#8217;s accounting books, the Company&#8217;s records
or from reliable third party sources, or that such Covered Data does not fairly and accurately state the information presented therein
in all material respects.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Unless otherwise defined herein,
capitalized terms used in this certificate shall have the meanings ascribed to such terms in the Underwriting Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This certificate is to assist
the Underwriters and their counsel in conducting and documenting their investigation of the affairs of the Company in connection with
the offer and sale of the Securities. Each of Paul Hastings LLP, counsel to the Company, and Goodwin Procter LLP, counsel to the Underwriters,
is entitled to rely on this certificate in connection with the opinions that each firm is rendering pursuant to the Underwriting Agreement</P>

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

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

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


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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>FORM OF SECRETARY&#8217;S CERTIFICATE</U></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B><U>LEXINGTON REALTY TRUST<BR>
SECRETARY&#8217;S CERTIFICATE</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">I, Joseph S. Bonventre,
the undersigned, in my capacity as Secretary of Lexington Realty Trust, a real estate investment trust formed under the laws of the State
of Maryland (the &#8220;<U>Trust</U>&#8221;), hereby certify that:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">1.</TD><TD STYLE="text-align: justify">Attached hereto as <U>Appendix A</U> is a true, correct and complete copy of the declaration of trust
of the Trust, as in full force and effect on the date hereof;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">2.</TD><TD STYLE="text-align: justify">Attached hereto as <U>Appendix B</U> is a true, correct and complete copy of the bylaws of the Trust,
as in full force and effect on the date hereof;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">3.</TD><TD STYLE="text-align: justify">Attached hereto as <U>Appendix C</U> is a true, correct and complete copies of the resolutions duly adopted
at a meeting duly called and held, or by unanimous written consent in lieu of a meeting, of the board of trustees of the Trust (the &#8220;<U>Board</U>&#8221;),
dated as of [_______] and of the executive committee of the Board, dated as of [________]; such resolutions, except as set out therein,
have not been amended, modified or rescinded and remain in full force and effect in the form adopted; and such resolutions are the only
such resolutions adopted by the Board and executive committee of the Board authorizing the execution, delivery and performance of (i)
the Underwriting Agreement, dated as of May [_], 2021 (the &#8220;<U>Underwriting Agreement</U>&#8221;), by and between J.P. Morgan Securities
LLC, Wells Fargo Securities, LLC and KeyBanc Capital Markets Inc., as the underwriters (collectively, the &#8220;<B><I>Underwriters</I></B>&#8221;)
and the Trust, and the transactions mentioned or contemplated therein;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">4.</TD><TD STYLE="text-align: justify">The Underwriting Agreement, as executed and delivered by the Trust, is in substantially the form approved
by the Board and executive committee of the Board pursuant to the resolutions referenced above;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">5.</TD><TD STYLE="text-align: justify">The Prospectus is substantially in the form approved by the Board and executive committee of the Board
pursuant to the resolutions referenced above;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">6.</TD><TD STYLE="text-align: justify">The minute books and records of the Trust relating to all proceedings of the Board and the shareholders
of the Trust made available to Goodwin Procter LLP, as counsel for the Underwriters, and Paul Hastings LLP, as counsel for the Trust,
are the original minute books and records of the Trust, or are true copies thereof. Such minute books and records of the Trust made available
to such counsel for the Underwriters and such counsel for the Trust are, to the knowledge of the undersigned, true, correct and complete
in all material respects. To the knowledge of the undersigned, there have been no material changes, additions or alterations in said minute
books and records; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">7.</TD><TD STYLE="text-align: justify">Each person who, as a trustee or officer of the Trust or an attorney-in-fact of such trustee or officer,
signed the (i) Underwriting Agreement, (ii) the Registration Statement and (iii) any other document executed and delivered prior hereto
or on the date hereof in connection with the issuance and sale of the Common Shares (a) was duly elected or appointed and qualified as
an officer or trustee or was duly appointed as an attorney-in-fact of such duly</TD></TR></TABLE>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify">elected or appointed and qualified trustee
or officer, as the case may be, of the Trust, (b) held the office or offices indicated thereon on the date of execution, (c) was duly
authorized to take such action, and each signature of such signing trustee, officer or attorney-in-fact (including any electronic signature
covered by the U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions Act, the Electronic Signatures and Records Act or other
applicable law, e.g., www.docusign.com) is his or her genuine signature, and (d) the undersigned officers and/or trustees of the Trust
have been duly elected or appointed and qualified to the position set forth opposite their respective names below, and the signature set
forth opposite such officer&#8217;s or trustee&#8217;s name is the genuine and authentic signature of such officer or trustee.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 85%; border-collapse: collapse; margin-left: 1in">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 29%; padding-right: 2pt; padding-bottom: 12pt; padding-left: 2pt"><FONT STYLE="font-size: 10pt"><B>NAME</B></FONT></TD>
    <TD STYLE="width: 45%; padding-right: 2pt; padding-bottom: 12pt; padding-left: 2pt"><FONT STYLE="font-size: 10pt"><B>POSITION</B></FONT></TD>
    <TD STYLE="width: 26%; padding-bottom: 12pt; padding-left: 2pt"><FONT STYLE="font-size: 10pt"><B>SIGNATURE</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-size: 10pt">T. Wilson Eglin</FONT></TD>
    <TD STYLE="padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-size: 10pt">Chief Executive Officer and President </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 12pt; padding-left: 15.1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 12pt; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-size: 10pt">Beth Boulerice</FONT></TD>
    <TD STYLE="padding-top: 12pt; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-size: 10pt">Executive Vice President, Chief Financial Officer, and Treasurer</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 12pt; padding-left: 15.1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 12pt; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-size: 10pt">Joseph S. Bonventre</FONT></TD>
    <TD STYLE="padding-top: 12pt; padding-right: 2pt; padding-left: 2pt"><FONT STYLE="font-size: 10pt">Executive Vice President, Chief Operating Officer, General Counsel and Secretary</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 12pt; padding-left: 15.1pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">8.</TD><TD STYLE="text-align: justify">Each of Paul Hastings LLP, counsel to the Trust, and Goodwin Procter LLP, counsel to the Underwriters,
is entitled to rely on this certificate in connection with the opinions that each firm is rendering pursuant to the Underwriting Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Capitalized terms not otherwise
defined herein shall have the meanings ascribed thereto in the Underwriting Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">(<I>Signature page follows</I>)</P>

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


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF, I have
hereunto signed my name as of the [&#8226;] day of May 2021.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 50%; padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">Name:&nbsp;Joseph S. Bonventre</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">Title:&nbsp;&nbsp;&nbsp;Secretary of Lexington Realty Trust</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The undersigned, the duly appointed and qualified
Chief Executive Officer and President of the Trust, hereby certifies that Joseph S. Bonventre is the Secretary of the Trust and is authorized
to execute and deliver this certificate and the Underwriting Agreement on behalf of the Trust, and that his true original signature is
set forth above.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 50%; padding-right: 5.75pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">Name:&nbsp;&nbsp;T. Wilson Eglin</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.75pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt; text-align: left"><FONT STYLE="font-size: 10pt">Title:&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer and President</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>&nbsp;</B></P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 8pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B><U>Schedule I</U></B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 43%; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
<DIV STYLE="padding: 0in 0in 1pt">

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Underwriter </B></P>
</DIV></TD>
    <TD STYLE="width: 24%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Total Number of Underwritten Securities
    to be Purchased </B></P></TD>
    <TD STYLE="width: 33%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Number of Company Option Securities
    to be Purchased if Option is Fully Exercised</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">JP Morgan Securities LLC</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">5,333,333</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">800,000</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">Wells Fargo Securities, LLC</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">5,333,334</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">800,000</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">KeyBanc Capital Markets Inc.</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">5,333,333</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">800,000</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 43%; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
<DIV STYLE="padding: 0in 0in 1pt">

    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Forward Seller </B></P>
</DIV></TD>
    <TD STYLE="width: 24%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Total Number of Borrowed Underwritten
    Securities </B></P></TD>
    <TD STYLE="width: 33%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Number of Borrowed Company Option
    Securities if Option is Fully Exercised</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">JP Morgan Securities LLC</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">8,000,000</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">1,200,000</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">Wells Fargo Securities, LLC</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">8,000,000</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">1,200,000</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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

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


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B><U>Schedule II</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B><I>Issuer General Use Free Writing Prospectuses
</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">None.</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B><U>Schedule III</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B><I>Oral Pricing Information that will be
conveyed to Purchasers of Common Shares in this Offering</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">1. The initial public offering price of the Common Shares is: $12.20<BR STYLE="clear: both">
</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B><U>Schedule IV</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B><I>Trustees and Executive Officers Required
to Execute Lock-Up Agreements</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Joseph S. Bonventre</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Beth Boulerice</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Patrick Carroll</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">James Dudley</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">T. Wilson Eglin</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Richard S. Frary</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Lawrence L. Gray</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Jamie Handwerker</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Lara Johnson</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Claire A. Koeneman</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Brendan Mullinix</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Howard Roth</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>


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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1.2
<SEQUENCE>3
<FILENAME>exh_1-2lxpforwardmaster.htm
<DESCRIPTION>MASTER CONFIRMATION OF REGISTERED FORWARD TRANSACTION, DATED AS OF MAY 10, 2021
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Exhibit 1.2</b></P>

<P STYLE="margin: 0pt">&thinsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><IMG SRC="jplogo.jpg" ALT="letterhead BL JPMlogo" STYLE="height: 26px; width: 130px"></P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt">Date:</TD>
    <TD STYLE="width: 92%; padding-right: 5.4pt; padding-left: 5.4pt">May 10, 2021</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&thinsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&thinsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">To:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Lexington Realty Trust</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&thinsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">One Penn Plaza, Suite 4015</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&thinsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">New York, New York, 10019-4015</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&thinsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&thinsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">From: </TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">JPMorgan Chase Bank, National Association</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&thinsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">New York Branch</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&thinsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">383 Madison Avenue</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&thinsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">New York, NY 10179</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&thinsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&thinsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Re:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Registered Forward Transaction</B></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&thinsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The purpose of this letter agreement
(this &ldquo;<B>Master Confirmation</B>&rdquo;) is to set forth the terms and conditions of the transactions to be entered into from time
to time between JPMorgan Chase Bank, National Association, New York Branch (&ldquo;<B>Dealer</B>&rdquo;) and Lexington Realty Trust (&ldquo;<B>Counterparty</B>&rdquo;)
in connection with the terms of the Underwriting Agreement, dated as of May 10, 2021 (the &ldquo;<B>Underwriting Agreement</B>&rdquo;),
among J.P. Morgan Securities, LLC, Wells Fargo Securities, LLC and KeyBanc Capital Markets, Inc., as underwriters and J.P. Morgan Securities,
LLC and Wells Fargo Securities LLC, as forward sellers as agent for JPMorgan Chase Bank, National Association and Wells Fargo Bank, National
Association, as forward purchasers, and Counterparty, on the Trade Dates specified herein (collectively, the &ldquo;<B>Transactions</B>&rdquo;
and each, a &ldquo;<B>Transaction</B>&rdquo;). This communication constitutes a &ldquo;Confirmation&rdquo; as referred to in the Agreement
specified below. Each Transaction will be evidenced by a supplemental confirmation (each, a &ldquo;<B>Supplemental Confirmation</B>&rdquo;,
and each such Supplemental Confirmation, together with this Master Confirmation, a &ldquo;<B>Confirmation</B>&rdquo; for purposes of the
Agreement specified below) substantially in the form of Annex B hereto. Each Confirmation will be a confirmation for purposes of Rule
10b-10 promulgated under the Securities Exchange Act of 1934, as amended (the &ldquo;<B>Exchange Act</B>&rdquo;). For purposes of the
Equity Definitions, each Transaction is a Share Forward Transaction.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">1.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;The definitions
and provisions contained in the 2006 ISDA Definitions (the &ldquo;<B>2006 Definitions</B>&rdquo;) and the 2002 ISDA Equity Derivatives
Definitions (the &ldquo;<B>Equity Definitions</B>&rdquo; and, together with the 2006 Definitions, the &ldquo;<B>Definitions</B>&rdquo;),
each as published by the International Swaps and Derivatives Association, Inc. (&ldquo;<B>ISDA</B>&rdquo;), are incorporated into this
Master Confirmation. In the event of any inconsistency between the Equity Definitions and the 2006 Definitions, the Equity Definitions
will govern. In the event of any inconsistency between the Definitions and this Master Confirmation, this Master Confirmation will govern.
Dealer and Counterparty each represent to the other that it has entered into each Transaction in reliance upon such tax, accounting, regulatory,
legal, and financial advice as it deems necessary and not upon any view expressed by the other.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Each party further agrees that
this Master Confirmation, the Supplemental Confirmation delivered hereunder and the Agreement (as defined below) together evidence a complete
binding agreement between Dealer and Counterparty as to the subject matter and terms of each Transaction to which this Master Confirmation
relates, and shall supersede all prior or contemporaneous written or oral communications with respect thereto. This Master Confirmation,
together with any Supplemental Confirmations for registered forward transactions entered into between Dealer and Counterparty in connection
with the Underwriting Agreement shall supplement, form a part of, and be subject to an agreement in the form of the 2002 ISDA Master Agreement
(the &ldquo;<B>Agreement</B>&rdquo;) as if Dealer and Counterparty had executed an agreement in such form on the Trade Date. In the event
of any inconsistency between the Agreement, this Master Confirmation, the Supplemental Confirmation, the 2006 Definitions and the Equity
Definitions, the following will prevail for purposes of each Transaction in the order of precedence indicated: (i) the Supplemental Confirmation,
(ii) this Master Confirmation; (iii) the Equity Definitions; (iv) the 2006 Definitions and (v) the Agreement. If there exists any ISDA
Master Agreement between Dealer and Counterparty or any confirmation or other agreement between Dealer and Counterparty pursuant to which
an ISDA Master Agreement is deemed to exist between Dealer and Counterparty, then notwithstanding anything to the contrary in such ISDA
Master Agreement, such confirmation or agreement or any other agreement to which Dealer and</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Counterparty are parties, each Transaction shall not
be considered a Transaction under, or otherwise governed by, such existing or deemed ISDA Master Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">2.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;The terms
of the Transactions to which this Master Confirmation relates are as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><U>General Terms</U>:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: justify; text-indent: -3in">&thinsp;</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: 45%; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Trade Date:</TD>
    <TD STYLE="width: 55%; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">May 10, 2021.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Effective Date:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">May 13, 2021 or such later date on which the conditions set forth in Section 3 of this Confirmation shall have been satisfied.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Buyer:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Dealer</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Seller:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Counterparty</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Shares:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">The shares of beneficial interest of the Counterparty classified as common stock, par value $0.0001 per Share (Ticker: &ldquo;LXP&rdquo;)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Number of Shares:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Initially, 8,000,000 Shares; <I>provided that</I>, on each Settlement Date, the Number of Shares shall be reduced by the number of Settlement Shares for such Settlement Date.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Maturity Date:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">May 11, 2022 (or, if such date is not a Scheduled Trading Day, the next following Scheduled Trading Day).</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Initial Forward Price:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">USD 12.108 per Share.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Forward Price:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">On the Effective Date, the Initial Forward Price, and on any other day, the Forward Price as of the immediately preceding calendar day multiplied by the sum of (i) 1 <I>plus</I> (ii) the Daily Rate for such day; <I>provided</I> that on each Forward Price Reduction Date, the Forward Price in effect on such date shall be the Forward Price otherwise in effect on such date, <I>minus</I> the Forward Price Reduction Amount for such Forward Price Reduction Date.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">&thinsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Notwithstanding anything to the contrary contained herein, to the extent Counterparty delivers Shares hereunder on or after a Forward Price Reduction Date and at or before the record date for an ordinary cash dividend with an ex-dividend date corresponding to such Forward Price Reduction Date, the Calculation Agent shall adjust the Forward Price to preserve the economic intent of the parties hereto (taking into account Dealer&rsquo;s commercially reasonable Hedge Positions in respect of each Transaction).</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Daily Rate:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">For any day, (i) (a) Overnight Bank Rate for such day, <I>minus</I> (b) the Spread <I>divided</I> by (ii) 360.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Overnight Bank Rate: </TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">For any day, the rate set forth for such day opposite the caption &ldquo;Overnight Bank Funding Rate&rdquo;, as such rate is displayed on Bloomberg Screen &ldquo;OBFR01 &lt;Index&gt; &lt;GO&gt;&rdquo;, </TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&thinsp;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&thinsp;</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: 45%; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">&thinsp;</TD>
    <TD STYLE="width: 55%; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">or any successor page; <I>provided</I> that, if no rate appears for a particular day on such page, the rate for the immediately preceding day for which a rate does so appear shall be used for such day.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Spread:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">For each Transaction, as specified in the Supplemental Confirmation for such Transaction</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Prepayment:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Not Applicable.&thinsp;&thinsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Variable Obligation:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Not Applicable.&thinsp;&thinsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Forward Price Reduction Date:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">For each Transaction, each date (other than the Trade Date) as specified on Schedule I to the Supplemental Confirmation for such Transaction under the heading &ldquo;Forward Price Reduction Date.&rdquo;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Forward Price Reduction Amount:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">For each Forward Price Reduction Date of a Transaction, as specified on Schedule I to the Supplemental Confirmation for such Transaction under the heading &ldquo;Forward Price Reduction Amount.&rdquo;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Exchange:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">New York Stock Exchange.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Related Exchange(s):</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">All Exchanges.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Clearance System:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">The Depository Trust Company</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify"><B><U>Settlement Terms</U>:</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify"><B>&thinsp;</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Settlement Date:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">For any Transaction, any Scheduled Trading Day following the Effective Date and up to and including the Maturity Date for such Transaction, as designated by (a) Dealer pursuant to &ldquo;Termination Settlement&rdquo; below or (b) Counterparty in a written notice (a &ldquo;<B>Settlement Notice</B>&rdquo;) that satisfies the Settlement Notice Requirements and is delivered to Dealer at least (i) two Scheduled Trading Days prior to such Settlement Date, which may be the Maturity Date, if Physical Settlement applies, and (ii) 60 Scheduled Trading Days prior to such Settlement Date, which may be the Maturity Date for such Transaction, if Cash Settlement or Net Share Settlement applies; <I>provided</I> that (i) the Maturity Date shall be a Settlement Date if on such date the Number of Shares is greater than zero and (ii) if Cash Settlement or Net Share Settlement applies and Dealer shall have fully unwound its hedge during an Unwind Period by a date that is more than two Scheduled Trading Days prior to a Settlement Date specified above, Dealer may, by written notice to Counterparty, specify any Scheduled Trading Day prior to such originally specified Settlement Date as the Settlement Date.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Settlement Shares:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">With respect to any Settlement Date, a number of Shares, not to exceed the Number of Shares, designated as such by Counterparty in the related Settlement Notice or by Dealer </TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&thinsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&thinsp;</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: 45%; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">&thinsp;</TD>
    <TD STYLE="width: 55%; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">pursuant to &ldquo;Termination Settlement&rdquo; below; <I>provided</I> that on the Maturity Date the number of Settlement Shares shall be equal to the Number of Shares on such date.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Settlement Method Election:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">For any Transaction, Physical Settlement, Cash Settlement or Net Share Settlement, at the election of Counterparty as set forth in a Settlement Notice delivered on or after the Effective Date that satisfies the Settlement Notice Requirements; <I>provided</I> that Physical Settlement shall apply for any Transaction (i) if no Settlement Method is validly selected, (ii) with respect to any Settlement Shares in respect of which Dealer is unable, in its good faith and commercially reasonable judgment, to unwind its Hedge Position by the end of the Unwind Period (a) in a manner that, in the reasonable judgement of Dealer, based on advice of counsel, is consistent with Rule 10b-18 under the Exchange Act or (b)&thinsp;due to the occurrence of Disrupted Days or to the lack of sufficient liquidity in the Shares on any Exchange Business Day during the Unwind Period relative to the liquidity on the Effective Date, (iii) to any Termination Settlement Date (as defined below under &ldquo;Termination Settlement&rdquo;), (iv) if the Maturity Date is a Settlement Date other than as the result of a valid Settlement Notice in respect of such Settlement Date or (v) if Counterparty has entered into one or more Other Forward (as defined below), Dealer determines, based on the advice of counsel, that it is unable to unwind its hedge for such Transaction in a manner consistent with Rule 10b-18 under the Exchange Act.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Settlement Notice Requirements:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Notwithstanding any other provision hereof, a Settlement Notice delivered by Counterparty that specifies Cash Settlement or Net Share Settlement will not be effective unless the Settlement Notice includes a representation by Counterparty substantially in the form set forth in Section 5(a) under the heading &ldquo;Additional Representations, Warranties and Agreements of Counterparty&rdquo;.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Unwind Period:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">For any Cash Settlement or Net Share Settlement with respect to any Settlement of any Transaction, the period from and including the first Exchange Business Day following the date Counterparty provides a Settlement Notice for a valid election of Cash Settlement or Net Share Settlement in respect of a Settlement Date through the second Scheduled Trading Day preceding such Settlement Date (or the immediately preceding Exchange Business Day if such Scheduled Trading Day is not an Exchange Business Day); subject to &ldquo;Termination Settlement&rdquo; below.&thinsp;&thinsp;If any Exchange Business Day during an Unwind Period is a Disrupted Day, the Calculation Agent shall adjust the terms of each applicable Transaction (including, without limitation, the Cash Settlement Amount, the number of Net Share Settlement Shares and the Unwind Purchase Price) to account for the occurrence of such Disrupted Day.</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&thinsp;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&thinsp;</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: 45%; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Market Disruption Event:</TD>
    <TD STYLE="width: 55%; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Section 6.3(a) of the Equity Definitions is hereby amended by replacing the first sentence in its entirety with the following:&thinsp;&thinsp;&ldquo;&lsquo;Market Disruption Event&rsquo; means in respect of a Share, the occurrence or existence of (i) a Trading Disruption, (ii) an Exchange Disruption, (iii) an Early Closure or (iv) a Regulatory Disruption, in each case, that the Calculation Agent determines to be material at any time during a Scheduled Trading Day.&rdquo;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Early Closure:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Section 6.3(d) of the Equity Definitions is hereby amended by deleting the remainder of the provision following the term &ldquo;Scheduled Closing Time&rdquo; in the fourth line thereof.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Regulatory Disruption:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">For a Transaction, any event that Dealer, in its good faith and commercially reasonable discretion determines, based on advice of counsel, appropriate with regard to any legal, regulatory or self-regulatory requirements or related policies and procedures (that apply broadly to similar transactions for other issuers) for Dealer to refrain from or decrease any market activity in connection with such Transaction. Subject to applicable legal requirements and Dealer&rsquo;s internal policies and guidelines, Dealer shall promptly notify Counterparty upon the occurrence of a Regulatory Disruption and shall subsequently promptly notify Counterparty on the day Dealer determines that the circumstances giving rise to such Regulatory Disruption have changed. Dealer shall make its determination of a Regulatory Disruption in a manner consistent with the determinations made with respect to other issuers under similar facts and circumstances.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Physical Settlement:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">On any Settlement Date in respect of which Physical Settlement applies, Counterparty shall deliver to Dealer through the Clearance System the Settlement Shares for such Settlement Date, and Dealer shall pay to Counterparty, by wire transfer of immediately available funds to an account designated by Counterparty, an amount in cash equal to the Physical Settlement Amount for such Settlement Date, on a delivery versus payment basis.&thinsp;&thinsp;If, on any Settlement Date, the Shares to be delivered by Counterparty to Dealer hereunder are not so delivered (the &ldquo;<B>Deferred Shares</B>&rdquo;), and a Forward Price Reduction Date occurs during the period from, and including, such Settlement Date to, but excluding, the date such Shares are actually delivered to Dealer, then the portion of the Physical Settlement Amount payable by Dealer to Counterparty in respect of the Deferred Shares shall be reduced by an amount equal to the Forward Price Reduction Amount for such Forward Price Reduction Date, <I>multiplied by</I> the number of Deferred Shares.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Physical Settlement Amount:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">For any Settlement Date in respect of which Physical Settlement applies, an amount in cash equal to the product of (i) the Forward Price on such Settlement Date and (ii) the number of Settlement Shares for such Settlement Date.</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&thinsp;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&thinsp;</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: 45%; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Cash Settlement:</TD>
    <TD STYLE="width: 55%; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">On any Settlement Date in respect of which Cash Settlement applies, if the Cash Settlement Amount for such Settlement Date is a positive number, Dealer will pay such Cash Settlement Amount to Counterparty.&thinsp;&thinsp;If the Cash Settlement Amount is a negative number, Counterparty will pay the absolute value of such Cash Settlement Amount to Dealer.&thinsp;&thinsp;Such amounts shall be paid on the Settlement Date by wire transfer of immediately available funds.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Cash Settlement Amount:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">For any Settlement Date in respect of which Cash Settlement applies, an amount determined by the Calculation Agent equal to the difference between (1) the product of (i) the difference between (A) the weighted average (weighted on the same basis of clause (B)) of Forward Price over the period beginning on, and including, the date that is one Settlement Cycle following the first day of the applicable Unwind Period and ending on, and including, such Settlement Date (calculated assuming no reduction to the Forward Price for any Forward Price Reduction Date that occurs during the Unwind Period), <I>minus </I>USD 0.02, and (B) the weighted average price (the &ldquo;<B>Unwind Purchase Price</B>&rdquo;) at which Dealer purchases Shares in accordance with Rule 10b-18 during the Unwind Period to unwind its commercially reasonable hedge with respect to the portion of the Number of Shares to be settled during the Unwind Period in a commercially reasonable manner that reflects the then prevailing market prices (including, for the avoidance of doubt, purchases on any Disrupted Day in part), taking into account Shares anticipated to be delivered (or received if Net Share settlement applies), and the conditions of Rule 10b-18 under the Exchange Act agreed to hereunder, and (ii) the number of Settlement Shares for such Settlement Date, and (2) the product of (i) the Forward Price Reduction Amount for any Forward Price Reduction Date that occurs during such Unwind Period, and (ii) the number of Settlement Shares with respect to which Dealer has not unwound its hedge for each Transaction as of such Forward Price Reduction Date.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Net Share Settlement:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">On any Settlement Date in respect of which Net Share Settlement applies, if the number of Net Share Settlement Shares is a (i) negative number, Dealer shall deliver a number of Shares to Counterparty equal to the absolute value of the Net Share Settlement Shares, or (ii) positive number, Counterparty shall deliver to Dealer the Net Share Settlement Shares; <I>provided</I> that if Dealer determines in its good faith and commercially reasonable judgment that it would be required to deliver Net Share Settlement Shares to Counterparty, Dealer may elect to deliver a portion of such Net Share Settlement Shares on one or more dates prior to the applicable Settlement Date.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Net Share Settlement Shares:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">For any Settlement Date in respect of which Net Share Settlement applies, a number of Shares equal to (a) the number of Settlement Shares for such Settlement Date, <I>minus</I> (b) the quotient of (A) the difference between (1) the product </TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&thinsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&thinsp;</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: 45%; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">&thinsp;</TD>
    <TD STYLE="width: 55%; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">of (i) the weighted average Forward Price over the period beginning on, and including, the date that is one Settlement Cycle following the first day of the applicable Unwind Period and ending on, and including, such Settlement Date (calculated assuming no reduction to the Forward Price for any Forward Price Reduction Date that occurs during the Unwind Period), <I>minus </I>USD 0.02, and (ii) the number of Settlement Shares for such Settlement Date, and (2) the product of (i) the Forward Price Reduction Amount for any Forward Price Reduction Date that occurs during such Unwind Period, and (ii) the number of Shares with respect to which Dealer has not unwound its hedge as of such Forward Price Reduction Date and (B) the Unwind Purchase Price.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Settlement Currency:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">USD.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Failure to Deliver:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Inapplicable.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify"><B><U>Adjustments</U>:</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">&thinsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Method of Adjustment:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Calculation Agent Adjustment</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">Stock Loan Fee Adjustment:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify">For any Transaction, if the stock loan fee payable by Dealer (or an affiliate thereof), excluding the federal funds or other interest rate component payable by the relevant stock lender to Dealer or such affiliate, to the relevant stock lender (the &ldquo;<B>Stock Loan Fee</B>&rdquo;), over the immediately preceding one month period, to borrow a number of Shares equal to the Number of Shares to hedge its exposure to such Transaction exceeds the Initial Stock Loan Rate, the Calculation Agent shall reduce the Forward Price in order to compensate Dealer for the amount by which the Stock Loan Fee exceeds the Initial Stock Loan Rate during such period for such Transaction. The Calculation Agent shall notify Counterparty in writing prior to making any such adjustment to the Forward Price and, upon the request of Counterparty, Dealer shall provide an itemized list in reasonable detail of the Stock Loan Fees for the applicable one month period (including any quotations, market data or information from external sources used by Dealer in developing such list, but without disclosing its proprietary models or other information that is subject to contractual, legal or regulatory obligations to not disclose such information).</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 12pt; text-align: justify; text-indent: 0in">Initial Stock Loan Rate:</TD>
    <TD STYLE="padding-bottom: 12pt; text-align: justify; text-indent: 0in">For each Transaction, as specified in the Supplemental Confirmation for such Transaction.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 12pt; text-align: justify; text-indent: 0in">Maximum Stock Loan Rate:</TD>
    <TD STYLE="padding-bottom: 12pt; text-align: justify; text-indent: 0in">For each Transaction, as specified in the Supplemental Confirmation for such Transaction.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 12pt; text-align: justify; text-indent: 0in">Extraordinary Events:</TD>
    <TD STYLE="padding-bottom: 12pt; text-align: justify; text-indent: 0in">In lieu of the applicable provisions contained in Article 12 of the Equity Definitions, the consequences of any Extraordinary Event (including, for the avoidance of doubt, any Merger Event, Tender Offer, Nationalization, Insolvency, Delisting, or Change In Law) shall be as specified below under the</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&thinsp;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&thinsp;</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: 45%; padding-bottom: 12pt; text-align: justify; text-indent: 0in">&thinsp;</TD>
    <TD STYLE="width: 55%; padding-bottom: 12pt; text-align: justify; text-indent: 0in">headings &ldquo;Acceleration Events&rdquo; and &ldquo;Termination Settlement&rdquo; in Paragraphs 10 and 11, respectively. Notwithstanding anything to the contrary herein or in the Equity Definitions, no Additional Disruption Event will be applicable except to the extent expressly referenced in Paragraph 10(d) below.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 12pt; text-align: justify; text-indent: 0in">Non-Reliance:</TD>
    <TD STYLE="padding-bottom: 12pt; text-align: justify; text-indent: 0in">Applicable</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 12pt; text-align: left; text-indent: 0in">Agreements and Acknowledgments Regarding Hedging Activities:</TD>
    <TD STYLE="padding-bottom: 12pt; text-align: left; text-indent: 0in">Applicable</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 12pt; text-align: justify; text-indent: 0in">Additional Acknowledgments:</TD>
    <TD STYLE="padding-bottom: 12pt; text-align: justify; text-indent: 0in">Applicable</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 12pt; text-align: justify; text-indent: 0in">Calculation Agent:</TD>
    <TD STYLE="padding-bottom: 12pt; text-align: justify; text-indent: 0in">Dealer, <I>provided </I>that, following the occurrence and during the continuance of an Event of Default of the type described in Section 5(a)(vii) of the Agreement with respect to which Dealer is the sole Defaulting Party, Counterparty shall have the right to designate a nationally recognized third-party dealer in over-the-counter corporate equity derivatives to act, during the period commencing on the date such Event of Default occurred and ending on the Early Termination Date with respect to such Event of Default, as the Calculation Agent. Following any determination or calculation by the Calculation Agent hereunder, upon a written request by Counterparty, the Calculation Agent shall promptly (but in any event within three Scheduled Trading Days) of such request provide to Counterparty by e-mail to the e-mail address provided by Counterparty in such request a report (in a commonly used file format for the storage and manipulation of financial data) displaying in reasonable detail the basis for such determination or calculation (including any assumptions used in making such determination or calculation), it being understood that the Calculation Agent shall not be obligated to disclose any proprietary or confidential models used by it for such determination or calculation or any information that may be proprietary or confidential or subject to an obligation not to disclose such information.</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&thinsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-bottom: 12pt"><B><U>Account Details.</U></B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%; padding-bottom: 12pt">&thinsp;</TD>
    <TD STYLE="width: 49%; padding-bottom: 12pt; text-align: left; text-indent: 0in">(a) Account for payments to Counterparty:</TD>
    <TD STYLE="width: 48%; padding-bottom: 12pt; text-align: left; text-indent: 0in">Counterparty to provide.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 12pt">&thinsp;</TD>
    <TD STYLE="padding-bottom: 12pt; text-align: left; text-indent: 0in">(b) Account for delivery of Shares to Counterparty:</TD>
    <TD STYLE="padding-bottom: 12pt; text-align: left; text-indent: 0in">Counterparty to provide.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 12pt">&thinsp;</TD>
    <TD STYLE="padding-bottom: 12pt; text-align: left; text-indent: 0in">(c) Account for payments to Dealer:</TD>
    <TD STYLE="padding-bottom: 12pt; text-align: left; text-indent: 0in">Dealer to provide.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 12pt">&thinsp;</TD>
    <TD STYLE="padding-bottom: 12pt; text-align: left; text-indent: 0in">(d) Account for delivery of Shares from Dealer:</TD>
    <TD STYLE="padding-bottom: 12pt; text-align: left; text-indent: 0in">Dealer to provide. </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 12pt">&thinsp;</TD>
    <TD STYLE="padding-bottom: 12pt">&thinsp;</TD>
    <TD STYLE="padding-bottom: 12pt">&thinsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-bottom: 12pt"><B><U>Offices</U>.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 12pt">&thinsp;</TD>
    <TD STYLE="padding-bottom: 12pt; text-align: left; text-indent: 0in">(a) The Office of Dealer for each Transaction is:</TD>
    <TD STYLE="padding-bottom: 12pt; text-align: left; text-indent: 0in">383 Madison Avenue, New York, NY 10179</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 12pt">&thinsp;</TD>
    <TD STYLE="padding-bottom: 12pt; text-align: left; text-indent: 0in">(b) The Office of Counterparty for each Transaction is: </TD>
    <TD STYLE="padding-bottom: 12pt; text-align: left; text-indent: 0in">Inapplicable, Counterparty is not a Multibranch Party.</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&thinsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&thinsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">&thinsp;</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="3"><B>&thinsp;</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3"><B><U>Notices</U>. </B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3">&thinsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-left: 0.25in; text-align: justify; text-indent: -0.25in">(a)&#9;Address for notices or communications to Counterparty:</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%">&thinsp;</TD>
    <TD STYLE="width: 22%">&thinsp;</TD>
    <TD STYLE="width: 63%">&thinsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD COLSPAN="2">Lexington Realty Trust</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD COLSPAN="2">One Penn Plaza, Suite 4015</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD COLSPAN="2">New York, New York, 10019-4015</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD COLSPAN="2">Attention: Joseph S. Bonventre, Esq.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD COLSPAN="2">Telephone: 212-692-7250</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD COLSPAN="2">Email: JBonventre@LXP.com</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD COLSPAN="2">&thinsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD COLSPAN="2">With a copy to:</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD COLSPAN="2">&thinsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD COLSPAN="2">Lexington Realty Trust</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD COLSPAN="2">One Penn Plaza, Suite 4015</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD COLSPAN="2">New York, New York, 10019-4015</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD COLSPAN="2">Attention: Beth Boulerice</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD COLSPAN="2">Telephone:212-692-7267</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD COLSPAN="2">Email: bboulerice@lxp.com</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD>&thinsp;</TD>
    <TD>&thinsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-left: 0.25in; text-indent: -0.25in">(b)&#9;Address for notices or communications to Dealer:</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD COLSPAN="2">&thinsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD COLSPAN="2">JPMorgan Chase Bank, National Association, New York Branch</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD COLSPAN="2">383 Madison Avenue</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD COLSPAN="2">New York, NY 10179</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD>Attention:</TD>
    <TD>EDG Marketing Support</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD>Email:&thinsp;&thinsp;</TD>
    <TD><U>edg_notices@jpmorgan.com</U></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD>&thinsp;</TD>
    <TD><U>edg.us.flow.corporates.mo@jpmorgan.com</U></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD>Facsimile No:&thinsp;&thinsp;&thinsp;</TD>
    <TD>1-866-886-4506</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD>&thinsp;</TD>
    <TD>&thinsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD>With a copy to: </TD>
    <TD>&thinsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD>&thinsp;</TD>
    <TD>&thinsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD>Attention:&thinsp;&thinsp;</TD>
    <TD>Kevin Cheng</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD>Title:&thinsp;&thinsp;</TD>
    <TD>Executive Director</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD>Telephone No:&thinsp;&thinsp;</TD>
    <TD>212-622-0202</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD>Email:</TD>
    <TD>kevin.c.cheng@jpmorgan.com </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&thinsp;</TD>
    <TD>&thinsp;</TD>
    <TD>&thinsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&thinsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">3.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>Conditions
for Effectiveness</U>. <A NAME="a_Hlk71581652"></A>The effectiveness of each Supplemental Confirmation and the related Transaction on
the Effective Date for such Transaction shall be subject to (i) the condition that the representations and warranties of Counterparty
contained in the Underwriting Agreement and any certificate delivered pursuant thereto by Counterparty or any subsidiary of Counterparty
are true and correct on the Effective Date as if made as of the Effective Date, (ii) the condition that Counterparty has performed all
of the obligations required to be performed by it under the Underwriting Agreement on or prior to the Effective Date, (iii) the satisfaction
of all of the conditions set forth in Section 3 and Section 6 of the Underwriting Agreement, (iv) the condition that the Underwriting
Agreement shall not have been terminated pursuant to Section 10 thereof and (v) the condition that neither of the following has occurred
(A) in Dealer&rsquo;s commercially reasonable judgment, Dealer (or its affiliate) is unable through commercially reasonable efforts to
borrow and deliver for sale a number of Shares equal to the Number of Shares, or (B) in Dealer&rsquo;s commercially reasonable judgment,
either it would be impractical for Dealer to borrow and deliver such number of Shares equal to the Number of Shares or Dealer (or its
affiliate) would incur a Stock Loan Fee of more than a rate equal to 200 basis points per annum to do so (in each such event such Supplemental
Confirmation shall be effective but the Number of Shares for such Transaction shall be the number of Shares Dealer (or an affiliate thereof)
is able to borrow in connection with establishing its commercially reasonable hedge position at or below such cost. Counterparty&rsquo;s
obligations hereunder shall be subject to the condition precedent that Dealer and each affiliate of Dealer that is an Underwriter (as
such term is defined in the Underwriting</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">Agreement) shall have performed,
on or prior to the Effective Date, all of the obligations required to be performed by it prior to the Effective Date under the Underwriting
Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">4.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>Mutual
Representations and Warranties</U>. In addition to the representations and warranties in the Agreement, each party represents and warrants
to the other party that it is an &ldquo;eligible contract participant&rdquo;, as defined in the U.S. Commodity Exchange Act (as amended),
and an &ldquo;accredited investor&rdquo; as defined in Section 2(a)(15)(ii) of the Securities Act of 1933 (as amended) (the &ldquo;<B>Securities
Act</B>&rdquo;), and is entering into each Transaction hereunder as principal and not for the benefit of any third party.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">5.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>Additional
Representations, Warranties and Agreements of Counterparty</U>. Counterparty represents and warrants to Dealer, and agrees with Dealer,
that:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(a)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;Counterparty
represents to Dealer on the Trade Date and on any date that Counterparty notifies Dealer that Cash Settlement or Net Share Settlement
applies to a Transaction, that (A) Counterparty is not aware of any material nonpublic information regarding Counterparty or the Shares,
(B) each of its filings under the Securities Act, the Exchange Act or other applicable securities laws that were required to be filed
have been filed in the prior 12 months and that, as of the date of this representation, when considered as a whole (with the more recent
such filings deemed to amend inconsistent statements contained in any earlier such filings), there is no misstatement of material fact
contained therein or omission of a material fact required to be stated therein or necessary to make the statements made therein, in the
light of the circumstances under which they were made, not misleading and (C) Counterparty is not entering into this Master Confirmation
or any Supplemental Confirmation nor making any election hereunder or thereunder to create actual or apparent trading activity in the
Shares (or any security convertible into or exchangeable for Shares) or to raise or depress or otherwise manipulate the price of the Shares
(or any security convertible into or exchangeable for Shares) or otherwise in violation of the Exchange Act.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(b)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;Any
Shares, when issued and delivered in accordance with the terms of each Transaction, will be duly authorized and validly issued, fully
paid and nonassessable, and the issuance thereof will not be subject to any preemptive or similar rights.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(c)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;Counterparty
has reserved and will keep available at all times, free from preemptive rights, out of its authorized but unissued Shares, solely for
the purpose of issuance upon settlement of each Transaction as herein provided, the maximum number of Shares as shall be issuable at such
time upon settlement of each Transaction as set forth in Section 13 under the heading &ldquo;Maximum Share Delivery&rdquo;. All Shares
so issuable shall, upon such issuance, be accepted for listing or quotation on the Exchange.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(d)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;Counterparty
agrees to provide Dealer prior written notice (an &ldquo;<B>Issuer Repurchase Notice</B>&rdquo;) prior to executing any repurchase of
Shares by Counterparty or any of its subsidiaries (or entering into any contract that would require, or give the option to, Counterparty
or any of its subsidiaries, to purchase or repurchase Shares), whether out of profits or capital or whether the consideration for such
repurchase is cash, securities or otherwise (an &ldquo;<B>Issuer Repurchase</B>&rdquo;), that alone or in the aggregate would result in
the Number of Shares Percentage (as defined below) being (i) equal to or greater than 4.9% of the outstanding Shares or (ii) greater by
4.0% or more than the Number of Shares Percentage at the time of the immediately preceding Issuer Repurchase Notice (or in the case of
the first such Issuer Repurchase Notice, greater than the Number of Shares Percentage as of the later of the date hereof or the immediately
preceding Settlement Date, if any). The &ldquo;<B>Number of Shares Percentage</B>&rdquo; as of any day is the fraction (1) the numerator
of which is the aggregate of the Number of Shares and each &ldquo;Number of Shares&rdquo; under any outstanding Transactions and any outstanding
Other Forward and (2) the denominator of which is the number of Shares outstanding on such day.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(e)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;No
filing with, or approval, authorization, consent, license registration, qualification, order or decree of, any court or governmental authority
or agency, domestic or foreign, is necessary or required for the execution, delivery and performance by Counterparty of this Master Confirmation
and the consummation of each Transaction (including, without limitation, the issuance and delivery of Shares on any Settlement Date) except
(i) such as have been obtained under the Securities Act, and (ii) as may be required to be obtained under state securities laws.</P>

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


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&thinsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&thinsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(f)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;Counterparty
agrees not to make any Issuer Repurchase if, immediately following such Issuer Repurchase, the Number of Shares Percentage would be equal
to or greater than 4.9%.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(g)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;Counterparty
is not insolvent, nor will Counterparty be rendered insolvent as a result of each Transaction.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(h)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;Neither
Counterparty nor any of its affiliated purchasers shall take any action (including, without limitation, any direct purchases by Counterparty
or any of its affiliated purchasers or any purchases by a party to a derivative transaction with Counterparty or any of its affiliated
purchasers), either under this Master Confirmation or any Supplemental Confirmation hereunder, or under an agreement with another party
or otherwise, that in the reasonable judgment of Counterparty is reasonably likely to cause any purchases of Shares by Dealer or any of
its affiliates in connection with any Cash Settlement or Net Share Settlement of each Transaction not to meet the conditions of the safe
harbor provided by Rule 10b-18 under the Exchange Act if such purchases were made by Counterparty.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(i)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;Counterparty
will not engage in any &ldquo;distribution&rdquo; (as defined in Regulation M under the Exchange Act (&ldquo;<B>Regulation M</B>&rdquo;))
that would cause a &ldquo;restricted period&rdquo; (as defined in Regulation M) to occur during any Unwind Period.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(j)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;Counterparty
(i) is capable of evaluating investment risks independently, both in general and with regard to all transactions and investment strategies
involving a security or securities, (ii) will exercise independent judgment in evaluating the recommendations of any broker-dealer or
its associated persons, unless it has otherwise notified the broker-dealer in writing and (iii) has total assets of at least USD 50 million
as of the date hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in">&thinsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 9pt">(k)</TD><TD STYLE="text-align: justify">Counterparty acknowledges and agrees that:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0in">&thinsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(i)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;during
the term of each Transaction, Dealer and its Affiliates may buy or sell Shares or other securities or buy or sell options or futures contracts
or enter into swaps or other derivative securities in order to establish, adjust or unwind its hedge position with respect to each Transaction;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0in">&thinsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(ii)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;Dealer
and its Affiliates may also be active in the market for the Shares and Share-linked transactions other than in connection with hedging
activities in relation to each Transaction;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(iii)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;Dealer
shall make its own determination as to whether, when or in what manner any hedging or market activities in Counterparty&rsquo;s securities
shall be conducted and shall do so in a manner that it deems appropriate to hedge its price and market risk with respect to the Forward
Price and the Unwind Purchase Price;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0in">&thinsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(iv)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;any
market activities of Dealer and its Affiliates with respect to the Shares may affect the market price and volatility of the Shares, as
well as the Forward Price and Unwind Purchase Price, each in a manner that may be adverse to Counterparty; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0in">&thinsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(v)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;each
Transaction is a derivatives transaction in which it has granted Dealer the right, under certain circumstances, to receive cash or Shares,
as the case may be; Dealer may purchase Shares for its own account at an average price that may be greater than, or less than, the effective
price paid by Counterparty under the terms of each Transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0in">&thinsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(l)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;The
assets of Counterparty do not constitute &ldquo;plan assets&rdquo; under the Employee Retirement Income Security Act of 1974, as amended,
the Department of Labor Regulations promulgated thereunder or similar law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(m)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;Counterparty
shall, at least one day prior to the first day of any Unwind Period, notify Dealer of the total number of Shares purchased in Rule 10b-18
purchases of blocks pursuant to the once-a-week block exception contained in Rule 10b-18(b)(4) by or for Counterparty or any of its affiliated
purchasers during each of the four calendar weeks preceding the first day of the Unwind Period and during the calendar week in which the
first day of the Unwind Period occurs (&ldquo;Rule 10b-18 purchase&rdquo;, &ldquo;blocks&rdquo; and &ldquo;affiliated purchaser&rdquo;
each being used as defined in Rule 10b-18).</P>

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


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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(n)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;During
any Unwind Period, Counterparty shall (i) notify Dealer prior to the opening of trading in the Shares on any day on which Counterparty
makes, or expects to be made, any public announcement (as defined in Rule 165(f) under the Securities Act) of any merger, acquisition,
or similar transaction involving a recapitalization relating to Counterparty (other than any such transaction in which the consideration
consists solely of cash and there is no valuation period), (ii) promptly notify Dealer following any such announcement that such announcement
has been made, and (iii) promptly deliver to Dealer following the making of any such announcement information indicating (A) Counterparty&rsquo;s
average daily Rule 10b-18 purchases (as defined in Rule 10b-18) during the three full calendar months preceding the date of the announcement
of such transaction and (B) Counterparty&rsquo;s block purchases (as defined in Rule 10b-18) effected pursuant to paragraph (b)(4) of
Rule 10b-18 during the three full calendar months preceding the date of the announcement of such transaction. In addition, Counterparty
shall promptly notify Dealer of the earlier to occur of the completion of such transaction and the completion of the vote by target shareholders.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(o)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;Counterparty
is not, and after giving effect to the transactions contemplated hereby will not be, required to register as an &ldquo;investment company&rdquo;
as such term is defined in the Investment Company Act of 1940, as amended.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(p)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;Without
limiting the generality of Section 13.1 of the Equity Definitions, Counterparty acknowledges that Dealer is not making any representations
or warranties or taking any position or expressing any view with respect to the treatment of each Transaction under any accounting standards
including ASC Topic 260, Earnings Per Share, ASC Topic 815, Derivatives and Hedging, or ASC Topic 480, Distinguishing Liabilities from
Equity and ASC 815-40, Derivatives and Hedging &ndash; Contracts in Entity&rsquo;s Own Equity (or any successor issue statements) or under
FASB&rsquo;s Liabilities &amp; Equity Project.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(q)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;Counterparty
understands no obligations of Dealer to it hereunder will be entitled to the benefit of deposit insurance and that such obligations will
not be guaranteed by any affiliate of Dealer or any governmental agency.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(r)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;No
federal, state or local law, rule, regulation or regulatory order applicable to the Shares would give rise to any reporting, consent,
registration or other requirement (including without limitation a requirement to obtain prior approval from any person or entity) as a
result of Dealer or its affiliates owning or holding (however defined) Shares, other than Sections 13 and 16 under the Exchange Act.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(s)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;Counterparty
(i) has such knowledge and experience in financial and business affairs as to be capable of evaluating the merits and risks of entering
into each Transaction, (ii) has consulted with its own legal, financial, accounting and tax advisors in connection with each Transaction
and (iii) is entering into each Transaction for a bona fide business purpose.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(t)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;Ownership
positions held by Dealer or any of its affiliates solely in its capacity as a nominee or fiduciary (i) do not constitute &ldquo;beneficial
ownership&rdquo; by Dealer and (ii) shall not result in Dealer being deemed or treated as the &ldquo;beneficial owner&rdquo; of such positions,
in each case for purposes of the Issuer&rsquo;s Amended and Restated By-Laws and Declaration of Trust, as amended from time to time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">6.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>Registered
Hedging Letter</U>: The parties agree and acknowledge that each Transaction hereunder is being entered into in accordance with the October
9, 2003 interpretive letter from the staff of the Securities and Exchange Commission to Goldman, Sachs &amp; Co. (the &ldquo;<B>Registered
Hedging Letter</B>&rdquo;) and agree to take all actions, and to omit to take any actions, reasonably requested by the other party for
each Transaction to comply with the Registered Hedging Letter. Accordingly, Counterparty represents that it is eligible to conduct a primary
offering of Shares on Form S-3, the offering contemplated by the Underwriting Agreement complies with Rule 415 under the Securities Act
of 1933, as amended (the &ldquo;<B>Securities Act</B>&rdquo;), and the Shares are &ldquo;actively traded&rdquo; as defined in Rule 101(c)(1)
of Regulation M.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">7.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>Covenant</U>:
Subject to the circumstances described under &ldquo;Private Placement Procedures&rdquo;, the parties acknowledge and agree that any Shares
delivered by Counterparty to Dealer on any Settlement Date will be newly issued Shares and pursuant to the terms of the Registered Hedging
Letter, when delivered by Dealer (or an affiliate of Dealer) to securities lenders from whom Dealer (or an affiliate of Dealer) borrowed
Shares in connection with hedging its exposure to each Transaction will be freely saleable without further registration or other restrictions
under the Securities Act, in the</P>

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


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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">hands of those securities lenders,
irrespective of whether such stock loan is effected by Dealer or an affiliate of Dealer. Accordingly, Counterparty agrees that the Shares
that it delivers to Dealer on each Settlement Date will not bear a restrictive legend and that such Shares will be deposited in, and the
delivery thereof shall be effected through the facilities of, the Clearance System.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in">&thinsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">8.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>Insolvency
Filing</U>: Notwithstanding anything to the contrary herein, in the Agreement, in the 2006 Definitions or in the Equity Definitions, upon
any Insolvency Filing in respect of the Counterparty, each Transaction shall automatically terminate on the date thereof without further
liability of either party to this Master Confirmation or any Supplemental Confirmation to the other party (except for any liability in
respect of any breach of representation or covenant by a party under this Master Confirmation or any Supplemental Confirmation prior to
the date of such Insolvency Filing).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in">&thinsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">9.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>Extraordinary
Dividends</U>: If an ex-dividend date for an Extraordinary Dividend occurs on or after the Trade Date and on or prior to the Maturity
Date (or, if later, the last date on which Shares are delivered by Counterparty to Dealer in settlement of each Transaction), Counterparty
shall pay to Dealer an amount in cash equal to the product of such Extraordinary Dividend and the number of Shares comprising the Hedge
Positions of Dealer on the earlier of (i) the date on which such Extraordinary Dividend is paid by the Counterparty to holders of record
of the Shares or (ii) the Maturity Date. &ldquo;<B>Extraordinary Dividend</B>&rdquo; means the per Share amount of any dividend or distribution
(in cash, Shares or other property) declared by the Counterparty with respect to the Shares that is specified by the board of directors
of the Counterparty as an &ldquo;extraordinary&rdquo; dividend.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in">&thinsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">10.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>Acceleration
Events</U>: The following events shall each constitute an &ldquo;Acceleration Event&rdquo;:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in">&thinsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.75in">(a)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<I>Stock
Borrow Events</I>. In the good faith and commercially reasonable judgment of Dealer (i) Dealer (or its affiliate) is unable, after using
commercially reasonable efforts, to hedge its exposure to a Transaction because of the lack of sufficient Shares being made available
for Share borrowing by lenders, or (ii) Dealer (or its affiliate) would incur a stock loan rate to borrow the Number of Shares for such
Transaction greater than or equal to the Maximum Stock Loan Rate for such Transaction (each, a &ldquo;<B>Stock Borrow Event</B>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify; text-indent: 0in">&thinsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.75in">(b)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<I>Dividends
and Other Distributions</I>. On any day occurring after the Trade Date, Counterparty declares a distribution, issue or dividend to existing
holders of the Shares of (i) any cash dividend (other than an Extraordinary Dividend) to the extent all cash dividends having an ex-dividend
date during the period from and including any Forward Price Reduction Date (with the Trade Date being a Forward Price Reduction Date for
purposes of this clause only) to but excluding the next subsequent Forward Price Reduction Date exceeds, on a per Share basis, the Forward
Price Reduction Amount set forth opposite the first date of any such period on Schedule I, (ii) share capital or securities of another
issuer acquired or owned (directly or indirectly) by Counterparty as a result of a spin-off or other similar transaction or (iii) any
other type of securities (other than Shares), rights or warrants or other assets, for payment (cash or other consideration) at less than
the prevailing market price as determined by Dealer;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.75in">(c)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<I>ISDA
Early Termination Date</I>. Dealer notifies Counterparty that Dealer has designated an Early Termination Date pursuant to Section 6 of
the Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify; text-indent: 0in">&thinsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.75in">(d)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<I>Other
ISDA Events</I>. The public announcement of any event that if consummated would result in an Extraordinary Event or the occurrence of
any Change in Law or a Delisting; <I>provided</I> that in case of a Delisting, in addition to the provisions of Section 12.6(a)(iii) of
the Equity Definitions, it will also constitute a Delisting if the Exchange is located in the United States and the Shares are not immediately
re-listed, re-traded or re-quoted on any of the New York Stock Exchange, the Nasdaq Global Select Market or the Nasdaq Global Market (or
their respective successors); and <I>provided further </I>that the definition of &ldquo;Change in Law&rdquo; provided in Section 12.9(a)(ii)
of the Equity Definitions is hereby amended by (i) replacing the phrase &ldquo;the interpretation&rdquo; in the third line thereof with
the phrase &ldquo;, or public announcement of, the formal or informal interpretation&rdquo; and (ii) replacing the parenthetical beginning
after the word &ldquo;regulation&rdquo; in the second line thereof the words &ldquo;(including, for the avoidance of doubt and without
limitation, (x) any tax law or (y) adoption, effectiveness or promulgation of new regulations authorized or mandated by existing statute)&rdquo;;
or</P>

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


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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.75in">(e)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<I>Ownership
Event</I>. In the reasonable judgment of Dealer, on any day, the Share Amount for such day exceeds the Applicable Share Limit for such
day (if any applies). For purposes of this clause (e), the &ldquo;Share Amount&rdquo; as of any day is the number of Shares that Dealer
and any person whose ownership position would be aggregated with that of Dealer (Dealer or any such person, a &ldquo;<B>Dealer Person</B>&rdquo;)
under any law, rule, regulation, regulatory order (other than any obligations under Section 13 of the Exchange Act and the rules and regulations
thereunder) or organizational documents or contracts of Counterparty that are, in each case, applicable to ownership of Shares (&ldquo;<B>Applicable
Restrictions</B>&rdquo;), owns, beneficially owns, constructively owns, controls, holds the power to vote or otherwise meets a relevant
definition of ownership under any Applicable Restriction, as determined by Dealer in its reasonable discretion based on the advice of
counsel. The &ldquo;Applicable Share Limit&rdquo; means a number of Shares equal to (A) the minimum number of Shares that could give rise
to reporting or registration obligations or other requirements (including obtaining prior approval from any person or entity) other than
pursuant to the Exchange Act of a Dealer Person, or could reasonably be expected to result in an adverse effect on a Dealer Person, under
any Applicable Restriction, as determined by Dealer in its reasonable discretion based on the advice of counsel, <I>minus</I> (B) 1% of
the number of Shares outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.25in">&thinsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">11<I>. &thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;</I><U>Termination
Settlement</U>: Upon the occurrence of any Acceleration Event, Dealer shall have the right to designate, upon at least two Scheduled Trading
Days&rsquo; notice, any Scheduled Trading Day following such occurrence to be a Settlement Date hereunder (a &ldquo;<B>Termination Settlement
Date</B>&rdquo;) to which Physical Settlement shall apply, and to select the number of Settlement Shares relating to such Termination
Settlement Date; <I>provided</I> that (i) in the case of an Acceleration Event arising out of an Ownership Event, the number of Settlement
Shares so designated by Dealer shall not exceed the number of Shares necessary to reduce the Share Amount to the Applicable Share Limit
and (ii) in the case of an Acceleration Event arising out of a Stock Borrow Event the number of Settlement Shares so designated by Dealer
shall not exceed the number of Shares as to which such Stock Borrow Event exists. If, upon designation of a Termination Settlement Date
by Dealer pursuant to the preceding sentence, Counterparty fails to deliver the Settlement Shares relating to such Termination Settlement
Date when due or otherwise fails to perform obligations within its control in respect of each Transaction, it shall be an Event of Default
with respect to Counterparty and Section 6 of the Agreement shall apply. If an Acceleration Event occurs during an Unwind Period relating
to a number of Settlement Shares to which Cash Settlement or Net Share Settlement applies, then on the Termination Settlement Date relating
to such Acceleration Event, notwithstanding any election to the contrary by Counterparty, Cash Settlement or Net Share Settlement shall
apply to the portion of the Settlement Shares relating to such Unwind Period as to which Dealer has unwound its hedge and Physical Settlement
shall apply in respect of (x) the remainder (if any) of such Settlement Shares and (y) the Settlement Shares designated by Dealer in respect
of such Termination Settlement Date. If an Acceleration Event occurs after Counterparty has designated a Settlement Date to which Physical
Settlement applies but before the relevant Settlement Shares have been delivered to Dealer, then Dealer shall have the right to cancel
such Settlement Date and designate a Termination Settlement Date in respect of such Shares pursuant to the first sentence hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">12.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>Private
Placement Procedures</U>: If Counterparty is unable to comply with the provisions of &ldquo;Covenant of Counterparty&rdquo; above because
of a change in law or a change in the policy of the Securities and Exchange Commission or its staff, or Dealer otherwise reasonably determines,
based on advice of counsel, that any Settlement Shares to be delivered to Dealer by Counterparty may not be freely returned by Dealer
or its affiliates to securities lenders as described under &ldquo;Covenant of Counterparty&rdquo; above, then delivery of any such Settlement
Shares (the &ldquo;<B>Restricted Shares</B>&rdquo;) shall be effected pursuant to Annex A hereto, unless waived by Dealer.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">13.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>Additional
Provisions Relating to the Shares</U>: It is the intent of the parties that each Transaction comply with the requirements of Rule 10b5-1(c)(1)(i)(B)
of the Exchange Act, and the parties agree that this Master Confirmation shall be interpreted to comply with the requirements of Rule
10b5-1(c), and the parties shall not take any action that results in each Transaction not so complying with such requirements. Without
limiting the generality of the preceding sentence, Counterparty acknowledges and agrees that (A) during any Unwind Period Counterparty
shall not attempt to exercise, any influence over how, when or whether Dealer or its Affiliate effects any sales of Shares in connection
with each Transaction, (B) during any Unwind Period Counterparty shall not, directly or indirectly, communicate any Material Non-Public
Information (as defined herein) regarding Counterparty or the Shares to any employee responsible for trading the Shares in the public
side sales and trading business of Dealer or its Affiliates responsible for trading the Shares in connection with the transactions contemplated
hereby, and (C) Counterparty is entering into each Transaction in good faith and not as part of a plan or scheme to evade compliance with
federal securities laws including, without limitation, Rule 10b-5 promulgated under the Exchange</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Act. The parties also acknowledge and agree that any
amendment, modification, waiver or termination of this Master Confirmation must be effected in accordance with the requirements for the
amendment or termination of a &ldquo;plan&rdquo; as defined in Rule 10b5-1(c) under the Exchange Act. For purposes hereof each Transaction,
&ldquo;<B>Material Non-Public Information</B>&rdquo; means information relating to Counterparty or the Shares that (a) has not been widely
disseminated by wire service, in one or more newspapers of general circulation, by communication from Counterparty to its shareholders
or in a press release, or contained in a public filing made by Counterparty with the Securities and Exchange Commission and (b) a reasonable
investor might consider to be of importance in making an investment decision to buy, sell or hold Shares. For the avoidance of doubt and
solely by way of illustration, information should be presumed &ldquo;material&rdquo; if it relates to such matters as dividend increases
or decreases, earnings estimates, changes in previously released earnings estimates, significant expansion or curtailment of operations,
a significant increase or decline of orders, significant merger or acquisition proposals or agreements, significant new products or discoveries,
extraordinary borrowing, major litigation, liquidity problems, extraordinary management developments, purchase or sale of substantial
assets, or other similar information.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">14.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>Maximum
Share Delivery</U>: Notwithstanding any other provision of this Master Confirmation, in no event will Counterparty be required to deliver
on any Settlement Date, whether pursuant to Physical Settlement, Net Share Settlement, Termination Settlement or any Private Placement
Settlement, more than a number of Shares (the &ldquo;<B>Share Cap</B>&rdquo;) equal to 1.5 times the Number of Shares, subject to reduction
by the number of any Shares delivered by Counterparty on any prior Settlement Date and subject to adjustment from time to time in accordance
with the provisions of this Master Confirmation, any Supplement Confirmation and the Equity Definitions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">15.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>Transfer
and Assignment</U>: Dealer may assign or transfer all (but not less than all) of its rights or delegate all (but not less than all) of
its duties hereunder to any affiliate of Dealer; <I>provided</I> that, under the applicable law effective on the date of such transfer
or assignment, Counterparty will not be required, as a result of such transfer or assignment, to pay to the transferee an amount in respect
of an Indemnifiable Tax greater than the amount, if any, that Counterparty would have been required to pay Dealer in the absence of such
transfer or assignment; and Counterparty will not receive a payment from which an amount has been withheld or deducted, on account of
a Tax in respect of which the other party is not required to pay an additional amount, unless Counterparty would not have been entitled
to receive any additional amount in respect of such payment in the absence of such transfer or assignment; <I>provided further</I> that
(A) the affiliate&rsquo;s obligations hereunder are fully and unconditionally guaranteed by Dealer or its parent or (B) the affiliate&rsquo;s
long-term issuer rating is equal to or better than the credit rating of Dealer at the time of such assignment or transfer. Notwithstanding
the above or any other provision in this Master Confirmation or any Supplemental Confirmation to the contrary requiring or allowing Dealer
to purchase, sell, receive or deliver any Shares or other securities to or from Counterparty, Dealer may designate any of its affiliates
to purchase, sell, receive or deliver such Shares or other securities and otherwise to perform Dealer&rsquo;s obligations in respect of
each Transaction and any such designee may assume such obligations. Dealer shall be discharged of its obligations to Counterparty to the
extent of any such performance.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">16.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>No
Collateral or Setoff</U>: Notwithstanding Section 6(f) or any other provision of the Agreement or any other agreement between the parties
to the contrary, the obligations of Counterparty hereunder are not secured by any collateral. Obligations under each Transaction shall
not be set off against any other obligations of the parties, other than obligations in respect of any other Transaction governed by this
Master Confirmation, whether arising under the Agreement, this Master Confirmation or Supplemental Confirmation, under any other agreement
between the parties hereto, by operation of law or otherwise, and no other obligations of the parties, other than in respect of each Transaction
between the parties governed by this Master Confirmation, shall be set off against obligations under each Transaction, whether arising
under the Agreement, this Master Confirmation or Supplemental Confirmation, under any other agreement between the parties hereto, by operation
of law or otherwise, and each party hereby waives any such right of setoff. In calculating any amounts under Section 6(e) of the Agreement,
notwithstanding anything to the contrary in the Agreement, (a) separate amounts shall be calculated as set forth in such Section 6(e)
with respect to (i) each Transaction and (ii) all other Transactions, and (b) such separate amounts shall be payable pursuant to Section
6(d)(ii) of the Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">17.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>Status
of Claims in Bankruptcy</U>: Dealer acknowledges and agrees that this Master Confirmation is not intended to convey to Dealer rights with
respect to the transactions contemplated hereby that are senior to the claims of common stockholders in any U.S. bankruptcy proceedings
of Counterparty; <I>provided, however, </I>that nothing</P>

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


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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">herein shall limit or shall be deemed to limit Dealer&rsquo;s
right to pursue remedies in the event of a breach by Counterparty of its obligations and agreements with respect to this Master Confirmation
or Supplemental Confirmation and the Agreement; and <I>provided further</I> that nothing herein shall limit or shall be deemed to limit
Dealer&rsquo;s rights in respect of any transaction other than each Transaction.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">18.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>Limit
on Beneficial Ownership</U>: Notwithstanding any other provisions hereof, Dealer shall not have the &ldquo;right to acquire&rdquo; (within
the meaning of NYSE Rule 312.04(g)) Shares hereunder and Dealer shall not be entitled to take delivery of any Shares deliverable hereunder
(in each case, whether in connection with the purchase of Shares on any Settlement Date or any Termination Settlement Date, any Private
Placement Settlement or otherwise) to the extent (but only to the extent) that, after such receipt of any Shares hereunder, (i) the Share
Amount would exceed the Applicable Share Limit, (ii) the Section 16 Percentage would exceed 4.9% or (iii) Dealer and each person subject
to aggregation of Shares with Dealer under Section 13 or Section 16 of the Exchange Act and rules promulgated thereunder (the &ldquo;<B>Dealer
Group</B>&rdquo;) would directly or indirectly beneficially own (as such term is defined for purposes of Section 13 or Section 16 of the
Exchange Act and rules promulgated thereunder) in excess of 12,493,000 Shares (the &ldquo;<B>Threshold Number of Shares</B>&rdquo;). Any
purported delivery hereunder shall be void and have no effect to the extent (but only to the extent) that, after such delivery, (i) the
Share Amount would exceed the Applicable Share Limit, (ii) the Section 16 Percentage would exceed 4.9% or (iii) Dealer Group would directly
or indirectly so beneficially own in excess of the Threshold Number of Shares. If any delivery owed to Dealer hereunder is not made, in
whole or in part, as a result of this provision, Counterparty&rsquo;s obligation to make such delivery shall not be extinguished and Counterparty
shall make such delivery as promptly as practicable after, but in no event later than one Exchange Business Day after, Dealer gives notice
to Counterparty that, after such delivery, (i) the Share Amount would not exceed the Applicable Share Limit, (ii) the Section 16 Percentage
would not exceed 4.9% and (iii) Dealer Group would not directly or indirectly so beneficially own in excess of the Threshold Number of
Shares. The &ldquo;<B>Section 16 Percentage</B>&rdquo; as of any day is the fraction, expressed as a percentage, (A) the numerator of
which is the number of Shares that Dealer and any of its affiliates or any other person subject to aggregation with Dealer for purposes
of the &ldquo;beneficial ownership&rdquo; test under Section 13 of the Exchange Act, or any &ldquo;group&rdquo; (within the meaning of
Section 13 of the Exchange Act) of which Dealer is or may be deemed to be a part beneficially owns (within the meaning of Section 13 of
the Exchange Act), without duplication, on such day (or, to the extent that for any reason the equivalent calculation under Section 16
of the Exchange Act and the rules and regulations thereunder results in a higher number, such higher number) and (B) the denominator of
which is the number of Shares outstanding on such day. In addition, notwithstanding anything herein to the contrary, if any delivery owed
to Dealer hereunder is not made, in whole or in part, as a result of the immediately preceding paragraph, Dealer shall be permitted to
make any payment due in respect of such Shares to Counterparty in two or more tranches that correspond in amount to the number of Shares
delivered by Counterparty to Dealer pursuant to the immediately preceding paragraph.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">19.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>Delivery
of Cash</U><I>:</I> For the avoidance of doubt, nothing in this Master Confirmation or any Supplemental Confirmation shall be interpreted
as requiring Counterparty to deliver cash in respect of the settlement of each Transaction, except in circumstances where the required
cash settlement thereof is permitted for classification of the contract as equity by ASC 815-40 (formerly EITF 00-19) as in effect on
the Trade Date (including, without limitation, where Counterparty so elects to deliver cash or fails timely to elect to deliver Shares
in respect of such settlement).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">20.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>Acknowledgements</U>:
Dealer represents and warrants to Counterparty that it is a &ldquo;financial participant&rdquo; within the meaning of Section 101(22A)
of the Bankruptcy Code. The parties hereto acknowledge that they intend (A)&thinsp;that this Master Confirmation is a &ldquo;securities
contract,&rdquo; as such term is defined in Section&thinsp;741(7) of the Bankruptcy Code, with respect to which each payment and delivery
hereunder or in connection herewith is a &ldquo;termination value,&rdquo; &ldquo;payment amount&rdquo; or &ldquo;other transfer obligation&rdquo;
within the meaning of Section&thinsp;362 of the Bankruptcy Code and a &ldquo;settlement payment&rdquo; within the meaning of Section&thinsp;546
of the Bankruptcy Code, and (B)&thinsp;that Dealer is entitled to the protections afforded by, among other sections, Sections 362(b)(6),
362(b)(27), 362(o), 546(e), 546(j), 548(d)(2), 555 and 561 of the Bankruptcy Code.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">21.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>Severability</U>:
If any term, provision, covenant or condition of this Master Confirmation or Supplemental Confirmation, or the application thereof to
any party or circumstance, shall be held to be invalid or unenforceable in whole or in part for any reason, the remaining terms, provisions,
covenants, and conditions hereof shall continue in</P>

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


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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">full force and effect as if this Master Confirmation
or Supplemental Confirmation had been executed with the invalid or unenforceable provision eliminated, so long as this Master Confirmation
or Supplemental Confirmation as so modified continues to express, without material change, the original intentions of the parties as to
the subject matter of this Master Confirmation or Supplemental Confirmation and the deletion of such portion of this Master Confirmation
will not substantially impair the respective benefits or expectations of parties to the Agreement; provided, however, that this severability
provision shall not be applicable if any provision of Section 2, 5, 6 or 13 of the Agreement (or any definition or provision in Section
14 to the extent that it relates to, or is used in or in connection with any such Section) shall be so held to be invalid or unenforceable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">22.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>Other
Forwards / Dealers</U>: Dealer acknowledges that Counterparty has entered or may enter in the future into one or more similar forward
transactions for the Shares (each, an &ldquo;<B>Other Forward</B>&rdquo; and collectively, the &ldquo;<B>Other Forwards</B>&rdquo;) with
one or more dealers, and/or affiliates thereof (each, an &ldquo;<B>Other Dealer</B>&rdquo; and collectively, the &ldquo;<B>Other Dealers</B>&rdquo;).
Dealer and Counterparty agree that if Counterparty designates a &ldquo;Settlement Date&rdquo; with respect to one or more Other Forwards
for which &ldquo;Cash Settlement&rdquo; or &ldquo;Net Share Settlement&rdquo; is applicable, and the resulting &ldquo;Unwind Period&rdquo;
for such Other Forwards coincides for any period of time with an Unwind Period for each Transaction (the &ldquo;<B>Overlap Unwind Period</B>&rdquo;),
Counterparty shall notify Dealer at least one Scheduled Trading Day prior to the commencement of such Overlap Unwind Period of the first
Scheduled Trading Day and length of such Overlap Unwind Period, and Dealer shall be permitted to purchase Shares to unwind its hedge in
respect of each Transaction only on alternating Scheduled Trading Days during such Overlap Unwind Period, commencing on the first, second,
third or later Scheduled Trading Day of such Overlap Unwind Period, as notified to Dealer by Counterparty at least one Scheduled Trading
Day prior to such Overlap Unwind Period (which alternating Scheduled Trading Days, for the avoidance of doubt, may be every other Scheduled
Trading Day if there is only one Other Dealer, every third Scheduled Trading Day if there are two Other Dealers, etc.).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">23.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>Disclosure</U>.
Effective from the date of commencement of discussions concerning each Transaction, Counterparty and each of its employees, representatives,
or other agents may disclose to any and all persons, without limitation of any kind, the tax treatment and tax structure of each Transaction
and all materials of any kind (including opinions or other tax analyses) that are provided to Counterparty relating to such tax treatment
and tax structure.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">24.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>Designation
by <A NAME="a_cp_text_1_355"></A>Dealer</U>. Notwithstanding any other provision in this Master Confirmation or any Supplemental Confirmation
to the contrary requiring or allowing <A NAME="a_cp_text_1_357"></A>Dealer to purchase, sell, receive or deliver any Shares or other securities
to or from Counterparty, <A NAME="a_cp_text_1_359"></A>Dealer (the &ldquo;<B>Designator</B>&rdquo;) may designate any of its Affiliates
(the &ldquo;<B>Designee</B>&rdquo;) to deliver or take delivery, as the case may be, and otherwise perform its obligations to deliver,
if any, or take delivery of, as the case may be, any such Shares or other securities in respect of the Transaction, and the Designee may
assume such obligations, if any. Such designation shall not relieve the Designator of any of its obligations, if any, hereunder. Notwithstanding
the previous sentence, if the Designee shall have performed the obligations, if any, of the Designator hereunder, then the Designator
shall be discharged of its obligations, if any, to Counterparty to the extent of such performance.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">25.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>Wall
Street Transparency and Accountability Act of 2010</U>.&thinsp; The parties hereby agree that none of (i) Section 739 of the Wall Street
Transparency and Accountability Act of 2010 (the &ldquo;<B>WSTAA</B>&rdquo;), (ii) any similar legal certainty provision included in any
legislation enacted, or rule or regulation promulgated, on or after the Trade Date, (iii) the enactment of the WSTAA or any regulation
under the WSTAA, (iv) any requirement under the WSTAA or (v) any amendment made by the WSTAA shall limit or otherwise impair either party&rsquo;s
right to terminate, renegotiate, modify, amend or supplement this Master Confirmation, any Supplemental Confirmation or the Agreement,
as applicable, arising from a termination event, force majeure, illegality, increased cost, regulatory change or similar event under this
Master Confirmation, any Supplemental Confirmation, the Equity Definitions or the Agreement (including, but not limited to, any right
arising from any Change in Law, Hedging Disruption, Increased Cost of Hedging or Illegality (as defined in the Agreement)).</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">26.</TD><TD STYLE="text-align: justify"><U>Tax Matters</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: 0.25in">(a)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<I>Payee
Representations</I>:</P>

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


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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">For the purpose of Section 3(f) of the Agreement, Counterparty makes the
following representation to Dealer:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">(i)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;It is a
&ldquo;U.S. person&rdquo; (as that term is used in section 1.1441-4(a)(3)(ii) of the United States Treasury Regulations) for U.S. federal
income tax purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in; text-indent: 1in">&thinsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">(ii)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;It is a
real estate investment trust for U.S. federal income tax purposes and is organized under the laws of the State of Maryland, and is an
exempt recipient under section 1.6049-4(c)(1)(ii)(J) of the United States Treasury Regulations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">For the purpose of Section 3(f) of the Agreement, Dealer makes the following
representations to Counterparty:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in">&thinsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">(i)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;It is a
&ldquo;U.S. person&rdquo; (as that term is used in section 1.1441-4(a)(3)(ii) of the United States Treasury Regulations) for U.S. federal
income tax purposes.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">(ii)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;It is a
national banking association organized and existing under the laws of the United States of America, and is an exempt recipient under section
1.6049-4(c)(1)(ii) of the United States Treasury Regulations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Each party agrees to give notice of any failure of a representation made
by it under this Section to be accurate and true promptly upon learning of such failure.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in">&thinsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(b)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<I>Tax
Documentation. </I>For the purpose of Sections 4(a)(i) and (ii) of the Agreement, Counterparty agrees to deliver to Dealer one duly executed
and completed United States Internal Revenue Service Form W-9 (or successor thereto) and Dealer agrees to deliver to Counterparty a U.S.
Internal Revenue Service Form W-9 (or successor thereto). Such forms or documents shall be delivered (i) on or before the date of execution
of this Master Confirmation, (ii) upon Counterparty or Dealer, as applicable, learning that any such tax form previously provided by it
has become obsolete or incorrect and (iii) upon reasonable request of the other party. Additionally, each party shall, promptly upon request
by the other party, provide such other tax forms and documents reasonably requested by the other party. &ldquo;Indemnifiable Tax,&rdquo;
as defined in Section 14 of the Agreement, shall not include any taxes imposed due to the failure of Dealer to provide the tax documentation
set forth in this paragraph.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(c)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<I>Withholding
Tax imposed on payments to non-US counterparties under the United States Foreign Account Tax Compliance Act</I>. &ldquo;Indemnifiable
Tax&rdquo;, as defined in Section 14 of the Agreement, shall not include any U.S. federal withholding tax imposed or collected pursuant
to Sections 1471 through 1474 of the Code, any current or future regulations or official interpretations thereof, any agreement entered
into pursuant to Section 1471(b) of the Code, or any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental
agreement entered into in connection with the implementation of such Sections of the Code (a &quot;<B>FATCA Withholding Tax</B>&quot;).
For the avoidance of doubt, a FATCA Withholding Tax is a Tax the deduction or withholding of which is required by applicable law for the
purposes of Section 2(d) of the Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><I>(d)&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;HIRE
Act. </I> &ldquo;Indemnifiable Tax&rdquo;, as defined in Section 14 of the Agreement, shall not include any tax imposed on payments treated
as dividends from sources within the United States under Section 871(m) of the Code or any regulations issued thereunder. For the avoidance
of doubt, any such tax imposed under Section 871(m) of the Code is a Tax the deduction or withholding of which is required by applicable
law for the purposes of Section 2(d) of the Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in"><I>&thinsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">27.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>U.S.
Stay Regulations</U>. The parties acknowledge and agree that (i) to the extent that prior to the date hereof both parties have adhered
to the 2018 ISDA U.S. Resolution Stay Protocol (the &ldquo;<B>Protocol</B>&rdquo;), the terms of the Protocol are incorporated into and
form a part of the Agreement, and for such purposes the Agreement shall be deemed a Protocol Covered Agreement, Party A (&ldquo;<B>J.P.
Morgan</B>&rdquo;) shall be deemed a Regulated Entity and Party B (&ldquo;<B>Counterparty</B>&rdquo;) shall be deemed an Adhering Party;
(ii) to the extent that prior to the date hereof the parties have executed a separate agreement the effect of which is to amend the qualified
financial contracts between them to conform with the requirements of the QFC Stay Rules (the &ldquo;<B>Bilateral Agreement</B>&rdquo;),
the terms of the Bilateral Agreement are incorporated into and form a part of the Agreement, and for such purposes the Agreement shall
be deemed a Covered Agreement, J.P. Morgan shall be deemed a Covered Entity and Counterparty shall be deemed a</P>

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


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&thinsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&thinsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Counterparty Entity; or (iii) if clause (i) and clause
(ii) do not apply, the terms of Section 1 and Section 2 and the related defined terms (together, the &ldquo;<B>Bilateral Terms</B>&rdquo;)
of the form of bilateral template entitled &ldquo;Full-Length Omnibus (for use between U.S. G-SIBs and Corporate Groups)&rdquo; published
by ISDA on November 2, 2018 (currently available on the 2018 ISDA U.S. Resolution Stay Protocol page at www.isda.org and, a copy of which
is available upon request), the effect of which is to amend the qualified financial contracts between the parties thereto to conform with
the requirements of the QFC Stay Rules, are hereby incorporated into and form a part of the Agreement, and for such purposes the Agreement
shall be deemed a &ldquo;Covered Agreement,&rdquo; J.P. Morgan shall be deemed a &ldquo;Covered Entity&rdquo; and Counterparty shall be
deemed a &ldquo;Counterparty Entity.&rdquo; In the event that, after the date of the Agreement, both parties hereto become adhering parties
to the Protocol, the terms of the Protocol will replace the terms of this paragraph. In the event of any inconsistencies between the Agreement
and the terms of the Protocol, the Bilateral Agreement or the Bilateral Terms (each, the &ldquo;<B>QFC Stay Terms</B>&rdquo;), as applicable,
the QFC Stay Terms will govern. Terms used in this paragraph without definition shall have the meanings assigned to them under the QFC
Stay Rules. For purposes of this paragraph, references to &ldquo;the Agreement&rdquo; include any related credit enhancements entered
into between the parties or provided by one to the other. In addition, the parties agree that the terms of this paragraph shall be incorporated
into any related covered affiliate credit enhancements, with all references to J.P. Morgan replaced by references to the covered affiliate
support provider.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<B>QFC Stay Rules</B>&rdquo;
means the regulations codified at 12 C.F.R. 252.2, 252.81&ndash;8, 12 C.F.R. 382.1-7 and 12 C.F.R. 47.1-8, which, subject to limited exceptions,
require an express recognition of the stay-and-transfer powers of the FDIC under the Federal Deposit Insurance Act and the Orderly Liquidation
Authority under Title II of the Dodd Frank Wall Street Reform and Consumer Protection Act and the override of default rights related directly
or indirectly to the entry of an affiliate into certain insolvency proceedings and any restrictions on the transfer of any covered affiliate
credit enhancements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">28.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>Waiver
of Trial by Jury</U>. <FONT STYLE="text-transform: uppercase"><B>Each of Counterparty and <A NAME="a_cp_text_1_372"></A>Dealer hereby
irrevocably waives (on its own behalf and, to the extent permitted by applicable law, on behalf of its stockholders) all right to trial
by jury in any action, proceeding or counterclaim (whether based on contract, tort or otherwise) arising out of or relating to each Transaction
or the actions of <A NAME="a_cp_text_1_374"></A>Dealer or its affiliates in the negotiation, performance or enforcement hereof.</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">29.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>Governing
Law; Jurisdiction</U>. <FONT STYLE="text-transform: uppercase"><B>This MASTER Confirmation AND ANY SUPPLEMENTAL CONFIRMATION AND ANY CLAIM,
CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS MASTER CONFIRMATION shall be governed by the laws of the State of New York. The
parties hereto irrevocably submit to the exclusive jurisdiction of the courts of the State of New York and the United States Court for
the Southern District of New York in connection with all matters relating hereto and waive any objection to the laying of venue in, and
any claim of inconvenient forum with respect to, these courts.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><B>&thinsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">30.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;<U>Communications
with Employees of J.P. Morgan Securities LLC</U>. If Counterparty interacts with any employee of J.P. Morgan Securities LLC with respect
to any Transaction, Counterparty is hereby notified that such employee will act solely as an authorized representative of JPMorgan Chase
Bank, N.A. (and not as a representative of J.P. Morgan Securities LLC) in connection with such Transaction.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">[Remainder of page intentionally left blank]</P>

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


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    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Counterparty hereby agrees (a) to check this Master
Confirmation carefully and immediately upon receipt so that errors or discrepancies can be promptly identified and rectified and (b) to
confirm that the foregoing (in the exact form provided by Dealer) correctly sets forth the terms of the agreement between Dealer and Counterparty
hereunder, by manually signing this Master Confirmation or this page hereof as evidence of agreement to such terms and providing the other
information requested herein and immediately returning an executed copy to us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&thinsp;</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">&thinsp;</TD>
    <TD COLSPAN="3">Yours faithfully,</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&thinsp;</TD>
    <TD COLSPAN="3">&thinsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&thinsp;</TD>
    <TD COLSPAN="3"><B>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&thinsp;</TD>
    <TD COLSPAN="3">&thinsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&thinsp;</TD>
    <TD COLSPAN="3">&thinsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&thinsp;</TD>
    <TD COLSPAN="2">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&thinsp;/s/ Kevin Cheng</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&thinsp;</TD>
    <TD COLSPAN="2">Name:</TD>
    <TD>&thinsp;Kevin Cheng</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&thinsp;</TD>
    <TD COLSPAN="2">Title:</TD>
    <TD>&thinsp;Executive Director</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&thinsp;</TD>
    <TD COLSPAN="3">&thinsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3">Confirmed as of the date first written above:</TD>
    <TD COLSPAN="2">&thinsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3">&thinsp;</TD>
    <TD COLSPAN="2">&thinsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3"><B>LEXINGTON REALTY TRUST</B></TD>
    <TD COLSPAN="2">&thinsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3">&thinsp;</TD>
    <TD COLSPAN="2">&thinsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3">&thinsp;</TD>
    <TD COLSPAN="2">&thinsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>By:&thinsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">&thinsp;/s/ Joseph S. Bonventre</TD>
    <TD COLSPAN="2">&thinsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3">Name: Joseph S. Bonventre</TD>
    <TD COLSPAN="2">&thinsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3">Title:&nbsp;&nbsp;&nbsp;Executive Vice President</TD>
    <TD COLSPAN="2">&thinsp;</TD></TR>
  <TR>
    <TD STYLE="width: 3%">&thinsp;</TD>
    <TD STYLE="width: 49%">&thinsp;</TD>
    <TD STYLE="width: 6%">&thinsp;</TD>
    <TD STYLE="width: 1%">&thinsp;</TD>
    <TD STYLE="width: 41%">&thinsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&thinsp;</P>

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


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&thinsp;</P></DIV>
    <!-- Field: /Page -->



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

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">If Counterparty delivers the Restricted Shares pursuant to this clause (i) (a &ldquo;<B>Private Placement
Settlement</B>&rdquo;), then delivery of Restricted Shares by Counterparty shall be effected in customary private placement procedures
with respect to such Restricted Shares reasonably acceptable to Dealer; <I>provided</I> that if, on or before the date that a Private
Placement Settlement would occur, Counterparty has taken, or caused to be taken, any action that would make unavailable either the exemption
pursuant to Section 4(a)(2) of the Securities Act for the sale by Counterparty to Dealer (or any affiliate designated by Dealer) of the
Restricted Shares or the exemption pursuant to Section 4(a)(1) or Section 4(a)(3) of the Securities Act for resales of the Restricted
Shares by Dealer (or any such affiliate of Dealer) or Counterparty fails to deliver the Restricted Shares when due or otherwise fails
to perform obligations within its control in respect of a Private Placement Settlement, it shall be an Event of Default with respect to
Counterparty and Section 6 of the Agreement shall apply. The Private Placement Settlement of such Restricted Shares shall include customary
representations, covenants, blue sky and other governmental filings and/or registrations, indemnities to Dealer, due diligence rights
(for Dealer or any designated buyer of the Restricted Shares by Dealer), opinions and certificates, and such other documentation as is
customary for private placement agreements, all reasonably acceptable to Dealer. In the case of a Private Placement Settlement, Dealer
shall, in its good faith discretion, adjust the number of Restricted Shares to be delivered to Dealer hereunder and/or the Forward Price
in a commercially reasonable manner to reflect the fact that such Restricted Shares may not be freely returned to securities lenders by
Dealer and may only be saleable by Dealer at a discount to reflect the lack of liquidity in Restricted Shares. Notwithstanding the Agreement
or this Master Confirmation, the date of delivery of such Restricted Shares shall be the Clearance System Business Day following notice
by Dealer to Counterparty of the number of Restricted Shares to be delivered pursuant to this clause (i). For the avoidance of doubt,
delivery of Restricted Shares shall be due as set forth in the previous sentence and not be due on the Settlement Date or Termination
Settlement Date that would otherwise be applicable.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">If Counterparty delivers any Restricted Shares in respect of each Transaction, Counterparty agrees that
(i) such Shares may be transferred by and among Dealer and its affiliates and (ii) after the minimum &ldquo;holding period&rdquo; within
the meaning of Rule 144(d) under the Securities Act has elapsed after the applicable Settlement Date, Counterparty shall promptly remove,
or cause the transfer agent for the Shares to remove, any legends referring to any transfer restrictions from such Shares upon delivery
by Dealer (or such affiliate of Dealer) to Counterparty or such transfer agent of seller&rsquo;s and broker&rsquo;s representation letters
customarily delivered by Dealer or its affiliates in connection with resales of restricted securities pursuant to Rule 144 under the Securities
Act, each without any further requirement for the delivery of any certificate, consent, agreement, opinion of counsel, notice or any other
document, any transfer tax stamps or payment of any other amount or any other action by Dealer (or such affiliate of Dealer).</TD></TR></TABLE>

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


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&thinsp;</P></DIV>
    <!-- Field: /Page -->

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: right">ANNEX B</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt">To:</TD>
    <TD STYLE="width: 92%; padding-right: 5.4pt; padding-left: 5.4pt"><B>Lexington Realty Trust</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&thinsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">One Penn Plaza, Suite 4015</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&thinsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">New York, New York, 10019-4015</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&thinsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&thinsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">From: </TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>JPMorgan Chase Bank, National Association</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&thinsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">New York Branch</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&thinsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">383 Madison Avenue</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&thinsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">New York, NY 10179</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&thinsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&thinsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Re:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><B>Registered Forward Transaction</B></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&thinsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The purpose of this Supplemental
Confirmation is to confirm the terms and conditions of the Registered Forward Transaction entered into between JPMorgan Chase Bank, National
Association, New York Branch (&ldquo;<B>Dealer</B>&rdquo;) and Lexington Realty Trust (&ldquo;<B>Counterparty</B>&rdquo;) on the Trade
Date specified below. This Supplemental Confirmation is a binding contract between Dealer and Counterparty as of the relevant Trade Date
for each Transaction referenced below.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">1.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;This Supplemental
Confirmation supplements, forms part of, and is subject to the Master Confirmation between Dealer and Counterparty dated as of May 10,
2021 (the &ldquo;<B>Master Confirmation</B>&rdquo;), as amended and supplemented from time to time. All provisions contained in the Master
Confirmation govern this Supplemental Confirmation except as expressly modified below.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">2.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;The terms
of each Transaction to which this Supplemental Confirmation relates are as follows:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 37%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><A NAME="a_Hlk25696040"></A>Spread:</TD>
    <TD STYLE="width: 63%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">[_.__]%</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Initial Stock Loan Rate:</TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">[_____] basis points per annum</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Maximum Stock Loan Rate:</TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">[_____] basis points per annum</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Forward Price Reduction Dates:</TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">As specified on Schedule I hereto</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Forward Price Reduction Amounts:</TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">As specified on Schedule I hereto</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&thinsp;</P>


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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">FORWARD PRICE REDUCTION DATES AND AMOUNTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&thinsp;</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: 47%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><A NAME="a_Hlk71571114"></A><B><U>Forward Price Reduction Date</U></B></TD>
    <TD STYLE="width: 53%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><B><U>Forward Price Reduction Amount</U></B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&thinsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&thinsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Trade Date</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">USD 0.000</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">[*]</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">USD [*]</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">[*]</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">USD [*]</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">[*]</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">USD [*]</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">[*]</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">USD [*]</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">[*]</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">USD [*]</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&thinsp;</B></P>

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

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

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

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

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<DOCUMENT>
<TYPE>EX-1.3
<SEQUENCE>4
<FILENAME>exh_1-3forwardsuppjpm.htm
<DESCRIPTION>SUPPLEMENTAL CONFIRMATION OF REGISTERED FORWARD TRANSACTION, DATED AS OF MAY 10, 2021
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: right"><B>Exhibit 1.3&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>SUPPLEMENTAL CONFIRMATION</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">To:</TD><TD><B>Lexington Realty Trust<BR>
</B>One Penn Plaza, Suite 4015<BR>
New York, New York, 10019-4015</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">From:</TD><TD><B>JPMorgan Chase Bank, National Association</B><BR>
New York Branch<BR>
383 Madison Avenue<BR>
New York, NY 10179</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">Re:</TD><TD><B>Registered Forward Transaction</B></TD></TR></TABLE>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The purpose of this Supplemental
Confirmation is to confirm the terms and conditions of the Registered Forward Transaction entered into between JPMorgan Chase Bank, National
Association, New York Branch (&ldquo;<B>Dealer</B>&rdquo;) and Lexington Realty Trust (&ldquo;<B>Counterparty</B>&rdquo;) on the Trade
Date specified below. This Supplemental Confirmation is a binding contract between Dealer and Counterparty as of the relevant Trade Date
for each Transaction referenced below.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Supplemental
Confirmation supplements, forms part of, and is subject to the Master Confirmation between Dealer and Counterparty dated as of May 10,
2021 (the &ldquo;<B>Master Confirmation</B>&rdquo;), as amended and supplemented from time to time. All provisions contained in the Master
Confirmation govern this Supplemental Confirmation except as expressly modified below.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The terms
of each Transaction to which this Supplemental Confirmation relates are as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&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: 50%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Spread:</FONT></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">0.75%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Initial Stock Loan Rate:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">50 basis points per annum</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Maximum Stock Loan Rate:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">200 basis points per annum</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Forward Price Reduction Dates:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">As specified on Schedule I hereto</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Forward Price Reduction Amounts:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">As specified on Schedule I hereto</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Counterparty hereby agrees (a) to check this Supplemental Confirmation
carefully and immediately upon receipt so that errors or discrepancies can be promptly identified and rectified and (b) to confirm that
the foregoing (in the exact form provided by Dealer) correctly sets forth the terms of the agreement between Dealer and Counterparty hereunder,
by manually signing this Supplemental Confirmation or this page hereof as evidence of agreement to such terms and providing the other
information requested herein and immediately returning an executed copy to us.</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" STYLE="text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-indent: 0in">Yours faithfully,</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-indent: 0in"><B>JPMORGAN CHASE BANK, NATIONAL ASSOCIATION</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-indent: 0in">/s/ Kevin Cheng</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">Name:&nbsp;&nbsp;Kevin Cheng</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">Title:&nbsp;&nbsp;&nbsp;Executive Director</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Agreed and accepted by:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><B>LEXINGTON REALTY TRUST</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 6%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 42%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">/s/ Joseph S. Bonventre</TD>
    <TD STYLE="width: 7%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 45%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">Name: Joseph S. Bonventre</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">Title:&nbsp;&nbsp;&nbsp;Executive Vice President</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>


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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">FORWARD PRICE REDUCTION DATES AND AMOUNTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&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: 47%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Forward Price Reduction Date</U></B></FONT></TD>
    <TD STYLE="width: 53%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Forward Price Reduction Amount</U></B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Trade Date</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">USD 0.000</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">[*]</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">USD [*]</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">[*]</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">USD [*]</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">[*]</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">USD [*]</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">[*]</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">USD [*]</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">[*]</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">USD [*]</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>


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<DOCUMENT>
<TYPE>EX-1.4
<SEQUENCE>5
<FILENAME>exh_1-4forwardmasterwf.htm
<DESCRIPTION>MASTER CONFIRMATION OF REGISTERED FORWARD TRANSACTION, DATED AS OF MAY 10, 2021
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: right"><B>Exhibit 1.4</B></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: 49%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 51%; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt"><IMG SRC="wflogo.gif" ALT="" STYLE="height: 76px; width: 77px"></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">Date:</TD><TD>May 10, 2021</TD></TR></TABLE>

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

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">To:</TD><TD><B>Lexington Realty Trust<BR>
</B>One Penn Plaza, Suite 4015<BR>
New York, New York, 10019-4015</TD></TR></TABLE>

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

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">From:</TD><TD><B>Wells Fargo Bank, National Association (&#8220;Dealer&#8221;)<BR>
</B>30 Hudson Yards<BR>
New York, NY 10001-2170<BR>
<B>Email: CorporateDerivativeNotifications@wellsfargo.com</B></TD></TR></TABLE>

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

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">Re:</TD><TD><B>Registered Forward Transaction</B></TD></TR></TABLE>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The purpose of this letter agreement
(this &#8220;<B>Master Confirmation</B>&#8221;) is to set forth the terms and conditions of the transactions to be entered into from time
to time between Wells Fargo Bank, National Association (&#8220;<B>Dealer</B>&#8221;) and Lexington Realty Trust (&#8220;<B>Counterparty</B>&#8221;)
in connection with the terms of the Underwriting Agreement, dated as of May 10, 2021 (the &#8220;<B>Underwriting Agreement</B>&#8221;),
among J.P. Morgan Securities, LLC, Wells Fargo Securities, LLC and KeyBanc Capital Markets, Inc., as underwriters and J.P. Morgan Securities,
LLC and Wells Fargo Securities LLC, as forward sellers as agent for JPMorgan Chase Bank, National Association and Wells Fargo Bank, National
Association, as forward purchasers, and Counterparty, on the Trade Dates specified herein (collectively, the &#8220;<B>Transactions</B>&#8221;
and each, a &#8220;<B>Transaction</B>&#8221;). This communication constitutes a &#8220;Confirmation&#8221; as referred to in the Agreement
specified below. Each Transaction will be evidenced by a supplemental confirmation (each, a &#8220;<B>Supplemental Confirmation</B>&#8221;,
and each such Supplemental Confirmation, together with this Master Confirmation, a &#8220;<B>Confirmation</B>&#8221; for purposes of the
Agreement specified below) substantially in the form of Annex B hereto. Each Confirmation will be a confirmation for purposes of Rule
10b-10 promulgated under the Securities Exchange Act of 1934, as amended (the &#8220;<B>Exchange Act</B>&#8221;). For purposes of the
Equity Definitions, each Transaction is a Share Forward Transaction.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The definitions
and provisions contained in the 2006 ISDA Definitions (the &#8220;<B>2006 Definitions</B>&#8221;) and the 2002 ISDA Equity Derivatives
Definitions (the &#8220;<B>Equity Definitions</B>&#8221; and, together with the 2006 Definitions, the &#8220;<B>Definitions</B>&#8221;),
each as published by the International Swaps and Derivatives Association, Inc. (&#8220;<B>ISDA</B>&#8221;), are incorporated into this
Master Confirmation. In the event of any inconsistency between the Equity Definitions and the 2006 Definitions, the Equity Definitions
will govern. In the event of any inconsistency between the Definitions and this Master Confirmation, this Master Confirmation will govern.
Dealer and Counterparty each represent to the other that it has entered into each Transaction in reliance upon such tax, accounting, regulatory,
legal, and financial advice as it deems necessary and not upon any view expressed by the other.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Each party further agrees
that this Master Confirmation, the Supplemental Confirmation delivered hereunder and the Agreement (as defined below) together
evidence a complete binding agreement between Dealer and Counterparty as to the subject matter and terms of each Transaction to
which this Master Confirmation relates, and shall supersede all prior or contemporaneous written or oral communications with respect
thereto. This Master Confirmation, together with any Supplemental Confirmations for registered forward transactions entered into
between Dealer and Counterparty in connection with the Underwriting Agreement shall supplement, form a part of, and be subject to an
agreement in the form of the 2002 ISDA Master Agreement (the &#8220;<B>Agreement</B>&#8221;) as if Dealer and Counterparty had
executed an agreement in such form on the Trade Date. In the event of any inconsistency between the Agreement, this Master
Confirmation, the Supplemental Confirmation, the 2006 Definitions and the Equity Definitions, the following will prevail for
purposes of each Transaction in the order of precedence indicated: (i) the Supplemental Confirmation, (ii) this Master Confirmation;
(iii) the Equity Definitions; (iv) the 2006 Definitions and (v) the Agreement. If there exists any ISDA Master Agreement between
Dealer and Counterparty or any confirmation or other agreement between Dealer and Counterparty pursuant to which an ISDA Master
Agreement is deemed to exist between Dealer and Counterparty, then notwithstanding anything to the contrary in such ISDA Master
Agreement, such confirmation or agreement or any other agreement to which Dealer and</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Counterparty are parties, each Transaction shall not
be considered a Transaction under, or otherwise governed by, such existing or deemed ISDA Master Agreement.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.</TD><TD STYLE="text-align: justify">The terms of the Transactions to which this Master Confirmation relates are as follows:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></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: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>General Terms</U>:</B></FONT></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Trade Date:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">May 10, 2021.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Effective Date:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">May 13, 2021 or such later date on which the conditions set forth in Section 3 of this Confirmation shall have been satisfied.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Buyer:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Dealer</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Seller:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Counterparty</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Shares:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">The shares of beneficial interest of the Counterparty classified as common stock, par value $0.0001 per Share (Ticker: &#8220;LXP&#8221;)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Number of Shares:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Initially, 8,000,000 Shares; <I>provided that</I>, on each Settlement Date, the Number of Shares shall be reduced by the number of Settlement Shares for such Settlement Date.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Maturity Date:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">May 11, 2022 (or, if such date is not a Scheduled Trading Day, the next following Scheduled Trading Day).</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Initial Forward Price:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">USD 12.108 per Share.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Forward Price:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">On the Effective Date, the Initial Forward Price, and on any other day, the Forward Price as of the immediately preceding calendar day multiplied by the sum of (i) 1 <I>plus</I> (ii) the Daily Rate for such day; <I>provided</I> that on each Forward Price Reduction Date, the Forward Price in effect on such date shall be the Forward Price otherwise in effect on such date, <I>minus</I> the Forward Price Reduction Amount for such Forward Price Reduction Date.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Notwithstanding anything to the contrary contained herein, to the extent Counterparty delivers Shares hereunder on or after a Forward Price Reduction Date and at or before the record date for an ordinary cash dividend with an ex-dividend date corresponding to such Forward Price Reduction Date, the Calculation Agent shall adjust the Forward Price to preserve the economic intent of the parties hereto (taking into account Dealer&#8217;s commercially reasonable Hedge Positions in respect of each Transaction).</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Daily Rate:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">For any day, (i) (a) Overnight Bank Rate for such day, <I>minus</I> (b) the Spread <I>divided</I> by (ii) 360.</FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Overnight Bank Rate: </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">For any day, the rate set forth for such day opposite the caption &#8220;Overnight Bank Funding Rate&#8221;, as such rate is displayed on Bloomberg Screen &#8220;OBFR01 &lt;Index&gt; &lt;GO&gt;&#8221;, </FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: justify; text-indent: -3in">&nbsp;</P>


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<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: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">or any successor page; <I>provided</I> that, if no rate appears for a particular day on such page, the rate for the immediately preceding day for which a rate does so appear shall be used for such day.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Spread:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">For each Transaction, as specified in the Supplemental Confirmation for such Transaction</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Prepayment:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Not Applicable.&nbsp;&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Variable Obligation:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Not Applicable.&nbsp;&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Forward Price Reduction Date:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">For each Transaction, each date (other than the Trade Date) as specified on Schedule I to the Supplemental Confirmation for such Transaction under the heading &#8220;Forward Price Reduction Date.&#8221;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Forward Price Reduction Amount:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">For each Forward Price Reduction Date of a Transaction, as specified on Schedule I to the Supplemental Confirmation for such Transaction under the heading &#8220;Forward Price Reduction Amount.&#8221;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Exchange:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">New York Stock Exchange.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Related Exchange(s):</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">All Exchanges.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Clearance System:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">The Depository Trust Company</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Settlement Terms:</U></B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Settlement Date:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">For any Transaction, any Scheduled Trading Day following the Effective Date and up to and including the Maturity Date for such Transaction, as designated by (a) Dealer pursuant to &#8220;Termination Settlement&#8221; below or (b) Counterparty in a written notice (a &#8220;<B>Settlement Notice</B>&#8221;) that satisfies the Settlement Notice Requirements and is delivered to Dealer at least (i) two Scheduled Trading Days prior to such Settlement Date, which may be the Maturity Date, if Physical Settlement applies, and (ii) 60 Scheduled Trading Days prior to such Settlement Date, which may be the Maturity Date for such Transaction, if Cash Settlement or Net Share Settlement applies; <I>provided</I> that (i) the Maturity Date shall be a Settlement Date if on such date the Number of Shares is greater than zero and (ii) if Cash Settlement or Net Share Settlement applies and Dealer shall have fully unwound its hedge during an Unwind Period by a date that is more than two Scheduled Trading Days prior to a Settlement Date specified above, Dealer may, by written notice to Counterparty, specify any Scheduled Trading Day prior to such originally specified Settlement Date as the Settlement Date.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Settlement Shares:</FONT></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">With respect to any Settlement Date, a number of Shares, not to exceed the Number of Shares, designated as such by Counterparty in the related Settlement Notice or by Dealer </FONT></TD></TR>
  </TABLE>
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<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: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">pursuant to &#8220;Termination Settlement&#8221; below; <I>provided</I> that on the Maturity Date the number of Settlement Shares shall be equal to the Number of Shares on such date.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Settlement Method Election:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">For any Transaction, Physical Settlement, Cash Settlement or Net Share Settlement, at the election of Counterparty as set forth in a Settlement Notice delivered on or after the Effective Date that satisfies the Settlement Notice Requirements; <I>provided</I> that Physical Settlement shall apply for any Transaction (i) if no Settlement Method is validly selected, (ii) with respect to any Settlement Shares in respect of which Dealer is unable, in its good faith and commercially reasonable judgment, to unwind its Hedge Position by the end of the Unwind Period (a) in a manner that, in the reasonable judgement of Dealer, based on advice of counsel, is consistent with Rule 10b-18 under the Exchange Act or (b)&nbsp;due to the occurrence of Disrupted Days or to the lack of sufficient liquidity in the Shares on any Exchange Business Day during the Unwind Period relative to the liquidity on the Effective Date, (iii) to any Termination Settlement Date (as defined below under &#8220;Termination Settlement&#8221;), (iv) if the Maturity Date is a Settlement Date other than as the result of a valid Settlement Notice in respect of such Settlement Date or (v) if Counterparty has entered into one or more Other Forward (as defined below), Dealer determines, based on the advice of counsel, that it is unable to unwind its hedge for such Transaction in a manner consistent with Rule 10b-18 under the Exchange Act.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Settlement Notice Requirements:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Notwithstanding any other provision hereof, a Settlement Notice delivered by Counterparty that specifies Cash Settlement or Net Share Settlement will not be effective unless the Settlement Notice includes a representation by Counterparty substantially in the form set forth in Section 5(a) under the heading &#8220;Additional Representations, Warranties and Agreements of Counterparty&#8221;.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Unwind Period:</FONT></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">For any Cash Settlement or Net Share Settlement with respect to any Settlement of any Transaction, the period from and including the first Exchange Business Day following the date Counterparty provides a Settlement Notice for a valid election of Cash Settlement or Net Share Settlement in respect of a Settlement Date through the second Scheduled Trading Day preceding such Settlement Date (or the immediately preceding Exchange Business Day if such Scheduled Trading Day is not an Exchange Business Day); subject to &#8220;Termination Settlement&#8221; below.&nbsp;&nbsp;If any Exchange Business Day during an Unwind Period is a Disrupted Day, the Calculation Agent shall adjust the terms of each applicable Transaction (including, without limitation, the Cash Settlement Amount, the number of Net Share Settlement Shares and the Unwind Purchase Price) to account for the occurrence of such Disrupted Day.</FONT></TD></TR>
  </TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: justify; text-indent: -3in">&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: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Market Disruption Event:</FONT></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Section 6.3(a) of the Equity Definitions is hereby amended by replacing the first sentence in its entirety with the following:&nbsp;&nbsp;&#8220;&#8216;Market Disruption Event&#8217; means in respect of a Share, the occurrence or existence of (i) a Trading Disruption, (ii) an Exchange Disruption, (iii) an Early Closure or (iv) a Regulatory Disruption, in each case, that the Calculation Agent determines to be material at any time during a Scheduled Trading Day.&#8221;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Early Closure:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Section 6.3(d) of the Equity Definitions is hereby amended by deleting the remainder of the provision following the term &#8220;Scheduled Closing Time&#8221; in the fourth line thereof.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Regulatory Disruption:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">For a Transaction, any event that Dealer, in its good faith and commercially reasonable discretion determines, based on advice of counsel, appropriate with regard to any legal, regulatory or self-regulatory requirements or related policies and procedures (that apply broadly to similar transactions for other issuers) for Dealer to refrain from or decrease any market activity in connection with such Transaction. Subject to applicable legal requirements and Dealer&#8217;s internal policies and guidelines, Dealer shall promptly notify Counterparty upon the occurrence of a Regulatory Disruption and shall subsequently promptly notify Counterparty on the day Dealer determines that the circumstances giving rise to such Regulatory Disruption have changed. Dealer shall make its determination of a Regulatory Disruption in a manner consistent with the determinations made with respect to other issuers under similar facts and circumstances.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Physical Settlement:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">On any Settlement Date in respect of which Physical Settlement applies, Counterparty shall deliver to Dealer through the Clearance System the Settlement Shares for such Settlement Date, and Dealer shall pay to Counterparty, by wire transfer of immediately available funds to an account designated by Counterparty, an amount in cash equal to the Physical Settlement Amount for such Settlement Date, on a delivery versus payment basis.&nbsp;&nbsp;If, on any Settlement Date, the Shares to be delivered by Counterparty to Dealer hereunder are not so delivered (the &#8220;<B>Deferred Shares</B>&#8221;), and a Forward Price Reduction Date occurs during the period from, and including, such Settlement Date to, but excluding, the date such Shares are actually delivered to Dealer, then the portion of the Physical Settlement Amount payable by Dealer to Counterparty in respect of the Deferred Shares shall be reduced by an amount equal to the Forward Price Reduction Amount for such Forward Price Reduction Date, <I>multiplied by</I> the number of Deferred Shares.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Physical Settlement Amount:</FONT></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">For any Settlement Date in respect of which Physical Settlement applies, an amount in cash equal to the product of (i) the Forward Price on such Settlement Date and (ii) the number of Settlement Shares for such Settlement Date.</FONT></TD></TR>
  </TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: justify; text-indent: -3in">&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: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Cash Settlement:</FONT></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">On any Settlement Date in respect of which Cash Settlement applies, if the Cash Settlement Amount for such Settlement Date is a positive number, Dealer will pay such Cash Settlement Amount to Counterparty.&nbsp;&nbsp;If the Cash Settlement Amount is a negative number, Counterparty will pay the absolute value of such Cash Settlement Amount to Dealer.&nbsp;&nbsp;Such amounts shall be paid on the Settlement Date by wire transfer of immediately available funds.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Cash Settlement Amount:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">For any Settlement Date in respect of which Cash Settlement applies, an amount determined by the Calculation Agent equal to the difference between (1) the product of (i) the difference between (A) the weighted average (weighted on the same basis of clause (B)) of Forward Price over the period beginning on, and including, the date that is one Settlement Cycle following the first day of the applicable Unwind Period and ending on, and including, such Settlement Date (calculated assuming no reduction to the Forward Price for any Forward Price Reduction Date that occurs during the Unwind Period), <I>minus </I>USD 0.02, and (B) the weighted average price (the &#8220;<B>Unwind Purchase Price</B>&#8221;) at which Dealer purchases Shares in accordance with Rule 10b-18 during the Unwind Period to unwind its commercially reasonable hedge with respect to the portion of the Number of Shares to be settled during the Unwind Period in a commercially reasonable manner that reflects the then prevailing market prices (including, for the avoidance of doubt, purchases on any Disrupted Day in part), taking into account Shares anticipated to be delivered (or received if Net Share settlement applies), and the conditions of Rule 10b-18 under the Exchange Act agreed to hereunder, and (ii) the number of Settlement Shares for such Settlement Date, and (2) the product of (i) the Forward Price Reduction Amount for any Forward Price Reduction Date that occurs during such Unwind Period, and (ii) the number of Settlement Shares with respect to which Dealer has not unwound its hedge for each Transaction as of such Forward Price Reduction Date.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Net Share Settlement:</FONT></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">On any Settlement Date in respect of which Net Share Settlement applies, if the number of Net Share Settlement Shares is a (i) negative number, Dealer shall deliver a number of Shares to Counterparty equal to the absolute value of the Net Share Settlement Shares, or (ii) positive number, Counterparty shall deliver to Dealer the Net Share Settlement Shares; <I>provided</I> that if Dealer determines in its good faith and commercially reasonable judgment that it would be required to deliver Net Share Settlement Shares to Counterparty, Dealer may elect to deliver a portion of such Net Share Settlement Shares on one or more dates prior to the applicable Settlement Date.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Net Share Settlement Shares:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">For any Settlement Date in respect of which Net Share Settlement applies, a number of Shares equal to (a) the number of Settlement Shares for such Settlement Date, <I>minus</I> (b) the quotient of (A) the difference between (1) the product </FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: justify; text-indent: -3in">&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: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">of (i) the weighted average Forward Price over the period beginning on, and including, the date that is one Settlement Cycle following the first day of the applicable Unwind Period and ending on, and including, such Settlement Date (calculated assuming no reduction to the Forward Price for any Forward Price Reduction Date that occurs during the Unwind Period), <I>minus </I>USD 0.02, and (ii) the number of Settlement Shares for such Settlement Date, and (2) the product of (i) the Forward Price Reduction Amount for any Forward Price Reduction Date that occurs during such Unwind Period, and (ii) the number of Shares with respect to which Dealer has not unwound its hedge as of such Forward Price Reduction Date and (B) the Unwind Purchase Price.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Settlement Currency:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">USD.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Failure to Deliver:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Inapplicable.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Adjustments</U>:</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Method of Adjustment:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Calculation Agent Adjustment</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Stock Loan Fee Adjustment:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">For any Transaction, if the stock loan fee payable by Dealer (or an affiliate thereof), excluding the federal funds or other interest rate component payable by the relevant stock lender to Dealer or such affiliate, to the relevant stock lender (the &#8220;<B>Stock Loan Fee</B>&#8221;), over the immediately preceding one month period, to borrow a number of Shares equal to the Number of Shares to hedge its exposure to such Transaction exceeds the Initial Stock Loan Rate, the Calculation Agent shall reduce the Forward Price in order to compensate Dealer for the amount by which the Stock Loan Fee exceeds the Initial Stock Loan Rate during such period for such Transaction. The Calculation Agent shall notify Counterparty in writing prior to making any such adjustment to the Forward Price and, upon the request of Counterparty, Dealer shall provide an itemized list in reasonable detail of the Stock Loan Fees for the applicable one month period (including any quotations, market data or information from external sources used by Dealer in developing such list, but without disclosing its proprietary models or other information that is subject to contractual, legal or regulatory obligations to not disclose such information).</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; text-align: justify; text-indent: 0in">Initial Stock Loan Rate:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; text-align: justify; text-indent: 0in">For each Transaction, as specified in the Supplemental Confirmation for such Transaction.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; text-align: justify; text-indent: 0in">Maximum Stock Loan Rate:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; text-align: justify; text-indent: 0in">For each Transaction, as specified in the Supplemental Confirmation for such Transaction.</TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-bottom: 10pt; text-align: justify; text-indent: 0in">Extraordinary Events:</TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-bottom: 10pt; text-align: justify; text-indent: 0in">In lieu of the applicable provisions contained in Article 12 of the Equity Definitions, the consequences of any Extraordinary Event (including, for the avoidance of doubt, any Merger Event, Tender Offer, Nationalization, Insolvency, Delisting, or Change In Law) shall be as specified below under the</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 3in; text-align: justify; text-indent: -211.5pt">&nbsp;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 3in; text-align: justify; text-indent: -211.5pt">&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: 50%; padding-right: 5.4pt; padding-bottom: 10pt; text-align: justify; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-bottom: 10pt; text-align: justify; text-indent: 0in">headings &#8220;Acceleration Events&#8221; and &#8220;Termination Settlement&#8221; in Paragraphs 10 and 11, respectively. Notwithstanding anything to the contrary herein or in the Equity Definitions, no Additional Disruption Event will be applicable except to the extent expressly referenced in Paragraph 10(d) below.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; text-align: justify; text-indent: 0in">Non-Reliance:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; text-align: justify; text-indent: 0in">Applicable</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; text-indent: 0in">Agreements and Acknowledgments</TD>
    <TD STYLE="text-align: justify; text-indent: 0in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; text-align: justify; text-indent: 0in">Regarding Hedging Activities:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; text-align: justify; text-indent: 0in">Applicable</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; text-align: justify; text-indent: 0in">Additional Acknowledgments:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; text-align: justify; text-indent: 0in">Applicable</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; text-align: justify; text-indent: 0in">Calculation Agent:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 10pt; text-align: justify; text-indent: 0in">Dealer, <I>provided </I>that, following the occurrence and during the continuance of an Event of Default of the type described in Section 5(a)(vii) of the Agreement with respect to which Dealer is the sole Defaulting Party, Counterparty shall have the right to designate a nationally recognized third-party dealer in over-the-counter corporate equity derivatives to act, during the period commencing on the date such Event of Default occurred and ending on the Early Termination Date with respect to such Event of Default, as the Calculation Agent. Following any determination or calculation by the Calculation Agent hereunder, upon a written request by Counterparty, the Calculation Agent shall promptly (but in any event within three Scheduled Trading Days) of such request provide to Counterparty by e-mail to the e-mail address provided by Counterparty in such request a report (in a commonly used file format for the storage and manipulation of financial data) displaying in reasonable detail the basis for such determination or calculation (including any assumptions used in making such determination or calculation), it being understood that the Calculation Agent shall not be obligated to disclose any proprietary or confidential models used by it for such determination or calculation or any information that may be proprietary or confidential or subject to an obligation not to disclose such information.</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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 COLSPAN="3" STYLE="padding-right: 5.4pt; padding-bottom: 10pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"><B><U>Account Details.</U></B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 9%; padding-right: 5.4pt; padding-left: 0.25in; text-align: left; text-indent: 0in">(a)</TD>
    <TD STYLE="width: 47%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in">Account for payments to Counterparty:</TD>
    <TD STYLE="width: 44%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in">Counterparty to provide.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"><B>&nbsp;</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"><B>&nbsp;</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"><B>&nbsp;</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 0.25in; text-align: left; text-indent: 0in">(b)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in">Account for delivery of Shares to Counterparty:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in">Counterparty to provide.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 0.25in; text-align: left; text-indent: 0in">(c)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in">Account for payments to Dealer:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in">ABA: 121-000-248</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in">Wells Fargo Bank, National Association</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in">Charlotte, NC</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in">Internal Acct No. 01020304464228 </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"><B>&nbsp;</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in"><B>&nbsp;</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in">A/C Name: WFB Equity Derivatives</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 0.25in; text-align: left; text-indent: 0in">(d)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in">Account for delivery of Shares to Dealer:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in">DTC Number:&nbsp;&nbsp;2072</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in">Agent ID:&nbsp;&nbsp;52196</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; text-indent: 0in">Institution ID:&nbsp;&nbsp;52196</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 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 COLSPAN="3"><B><U>Offices.</U></B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 47%">&nbsp;</TD>
    <TD STYLE="width: 44%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left; text-indent: 0in">(a)</TD>
    <TD STYLE="text-align: left; text-indent: 0in">The Office of Dealer for each Transaction is:</TD>
    <TD STYLE="text-align: left; text-indent: 0in">Charlotte, North Carolina</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; text-align: left; text-indent: 0in">(b)</TD>
    <TD STYLE="text-align: left; text-indent: 0in">The Office of Counterparty for each Transaction is:</TD>
    <TD STYLE="text-align: left; text-indent: 0in">Inapplicable, Counterparty is not a Multibranch Party.</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in"><B><U>Notices</U>. </B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(a)</TD><TD STYLE="text-align: justify">Address for notices or communications to Counterparty:</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Lexington Realty Trust</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">One Penn Plaza, Suite 4015</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">New York, New York, 10019-4015</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Attention: Joseph S. Bonventre, Esq.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Telephone: 212-692-7250</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Email: JBonventre@LXP.com</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">With a copy to:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Lexington Realty Trust</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">One Penn Plaza, Suite 4015</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">New York, New York, 10019-4015</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Attention: Beth Boulerice</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Telephone:212-692-7267</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Email: bboulerice@lxp.com</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(b)</TD><TD>Address for notices or communications to Dealer:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">For notices with respect to the Transaction:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Notwithstanding anything to the contrary in the Agreement, all
notices to Dealer in connection with the Transaction are effective only upon receipt of email message to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in"><BR>
CorporateDerivativeNotifications@wellsfargo.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>Conditions
for Effectiveness</U>. The effectiveness of each Supplemental Confirmation and the related Transaction on the Effective Date for
such Transaction shall be subject to (i) the condition that the representations and warranties of Counterparty contained in the
Underwriting Agreement and any certificate delivered pursuant thereto by Counterparty or any subsidiary of Counterparty are true and
correct on the Effective Date as if made as of the Effective Date, (ii) the condition that Counterparty has performed all of the
obligations required to be performed by it under the Underwriting Agreement on or prior to the Effective Date, (iii) the
satisfaction of all of the conditions set forth in Section 3 and Section 6 of the Underwriting Agreement, (iv) the condition that
the Underwriting Agreement shall not have been terminated pursuant to Section 10 thereof and (v) the condition that neither of the
following has occurred (A) in Dealer&#8217;s commercially reasonable judgment, Dealer (or its affiliate) is unable through
commercially reasonable efforts to borrow and deliver for sale a number of Shares equal to the Number of Shares, or (B) in
Dealer&#8217;s commercially reasonable judgment, either it would be impractical for Dealer to borrow and deliver such number of
Shares equal to the Number of Shares or Dealer (or its affiliate) would incur a Stock Loan Fee of more than a rate equal to 200
basis points per annum to do so (in each such event such Supplemental Confirmation shall be effective but the Number of Shares for
such Transaction shall be the number of Shares Dealer (or an affiliate thereof) is able to borrow in connection with establishing
its commercially reasonable hedge position at or below such cost. Counterparty&#8217;s obligations hereunder shall be subject to the
condition precedent that Dealer and each affiliate of Dealer that is an Underwriter (as such term is defined in the Underwriting
Agreement) shall have performed, on or prior to the Effective Date, all of the obligations required to be performed by it prior to
the Effective Date under the Underwriting Agreement.</P>


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    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Mutual Representations and Warranties</U>. In addition to the representations and warranties in the Agreement, each party represents
and warrants to the other party that it is an &#8220;eligible contract participant&#8221;, as defined in the U.S. Commodity Exchange Act
(as amended), and an &#8220;accredited investor&#8221; as defined in Section 2(a)(15)(ii) of the Securities Act of 1933 (as amended) (the
&#8220;<B>Securities Act</B>&#8221;), and is entering into each Transaction hereunder as principal and not for the benefit of any third
party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">5.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Additional Representations, Warranties and Agreements of Counterparty</U>. Counterparty represents and warrants to Dealer, and
agrees with Dealer, that:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Counterparty represents to Dealer on the Trade Date and on any date that Counterparty notifies Dealer that Cash Settlement or Net
Share Settlement applies to a Transaction, that (A) Counterparty is not aware of any material nonpublic information regarding Counterparty
or the Shares, (B) each of its filings under the Securities Act, the Exchange Act or other applicable securities laws that were required
to be filed have been filed in the prior 12 months and that, as of the date of this representation, when considered as a whole (with the
more recent such filings deemed to amend inconsistent statements contained in any earlier such filings), there is no misstatement of material
fact contained therein or omission of a material fact required to be stated therein or necessary to make the statements made therein,
in the light of the circumstances under which they were made, not misleading and (C) Counterparty is not entering into this Master Confirmation
or any Supplemental Confirmation nor making any election hereunder or thereunder to create actual or apparent trading activity in the
Shares (or any security convertible into or exchangeable for Shares) or to raise or depress or otherwise manipulate the price of the Shares
(or any security convertible into or exchangeable for Shares) or otherwise in violation of the Exchange Act.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Any Shares, when issued and delivered in accordance with the terms of each Transaction, will be duly authorized and validly issued,
fully paid and nonassessable, and the issuance thereof will not be subject to any preemptive or similar rights.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Counterparty has reserved and will keep available at all times, free from preemptive rights, out of its authorized but unissued
Shares, solely for the purpose of issuance upon settlement of each Transaction as herein provided, the maximum number of Shares as shall
be issuable at such time upon settlement of each Transaction as set forth in Section 13 under the heading &#8220;Maximum Share Delivery&#8221;.
All Shares so issuable shall, upon such issuance, be accepted for listing or quotation on the Exchange.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Counterparty agrees to provide Dealer prior written notice (an &#8220;<B>Issuer Repurchase Notice</B>&#8221;) prior to executing
any repurchase of Shares by Counterparty or any of its subsidiaries (or entering into any contract that would require, or give the option
to, Counterparty or any of its subsidiaries, to purchase or repurchase Shares), whether out of profits or capital or whether the consideration
for such repurchase is cash, securities or otherwise (an &#8220;<B>Issuer Repurchase</B>&#8221;), that alone or in the aggregate would
result in the Number of Shares Percentage (as defined below) being (i) equal to or greater than 4.9% of the outstanding Shares or (ii)
greater by 4.0% or more than the Number of Shares Percentage at the time of the immediately preceding Issuer Repurchase Notice (or in
the case of the first such Issuer Repurchase Notice, greater than the Number of Shares Percentage as of the later of the date hereof or
the immediately preceding Settlement Date, if any). The &#8220;<B>Number of Shares Percentage</B>&#8221; as of any day is the fraction
(1) the numerator of which is the aggregate of the Number of Shares and each &#8220;Number of Shares&#8221; under any outstanding Transactions
and any outstanding Other Forward and (2) the denominator of which is the number of Shares outstanding on such day.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No filing with, or approval, authorization, consent, license registration, qualification, order or decree of, any court or governmental
authority or agency, domestic or foreign, is necessary or required for the execution, delivery and performance by Counterparty of this
Master Confirmation and the consummation of each Transaction (including, without limitation, the issuance and delivery of Shares on any
Settlement Date) except (i) such as have been obtained under the Securities Act, and (ii) as may be required to be obtained under state
securities laws.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Counterparty agrees not to make any Issuer Repurchase if, immediately following such Issuer Repurchase, the Number of Shares Percentage
would be equal to or greater than 4.9%.</P>

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


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> Counterparty is not insolvent, nor will Counterparty be rendered insolvent as a result of each Transaction.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Neither Counterparty nor any of its affiliated purchasers shall take any action (including, without limitation, any direct purchases
by Counterparty or any of its affiliated purchasers or any purchases by a party to a derivative transaction with Counterparty or any of
its affiliated purchasers), either under this Master Confirmation or any Supplemental Confirmation hereunder, or under an agreement with
another party or otherwise, that in the reasonable judgment of Counterparty is reasonably likely to cause any purchases of Shares by Dealer
or any of its affiliates in connection with any Cash Settlement or Net Share Settlement of each Transaction not to meet the conditions
of the safe harbor provided by Rule 10b-18 under the Exchange Act if such purchases were made by Counterparty.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(i) Counterparty will not engage
in any &#8220;distribution&#8221; (as defined in Regulation M under the Exchange Act (&#8220;<B>Regulation M</B>&#8221;)) that would cause
a &#8220;restricted period&#8221; (as defined in Regulation M) to occur during any Unwind Period.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(j)Counterparty (i) is capable
of evaluating investment risks independently, both in general and with regard to all transactions and investment strategies involving
a security or securities, (ii) will exercise independent judgment in evaluating the recommendations of any broker-dealer or its associated
persons, unless it has otherwise notified the broker-dealer in writing and (iii) has total assets of at least USD 50 million as of the
date hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(k)</TD><TD STYLE="text-align: justify">Counterparty acknowledges and agrees that:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>during the term of each Transaction, Dealer and its Affiliates may buy or sell Shares or other securities or buy or sell options
or futures contracts or enter into swaps or other derivative securities in order to establish, adjust or unwind its hedge position with
respect to each Transaction;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Dealer and its Affiliates may also be active in the market for the Shares and Share-linked transactions other than in connection
with hedging activities in relation to each Transaction;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Dealer shall make its own determination as to whether, when or in what manner any hedging or market activities in Counterparty&#8217;s
securities shall be conducted and shall do so in a manner that it deems appropriate to hedge its price and market risk with respect to
the Forward Price and the Unwind Purchase Price;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any market activities of Dealer and its Affiliates with respect to the Shares may affect the market price and volatility of the
Shares, as well as the Forward Price and Unwind Purchase Price, each in a manner that may be adverse to Counterparty; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>each Transaction is a derivatives transaction in which it has granted Dealer the right, under certain circumstances, to receive
cash or Shares, as the case may be; Dealer may purchase Shares for its own account at an average price that may be greater than, or less
than, the effective price paid by Counterparty under the terms of each Transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(l) The assets of Counterparty
do not constitute &#8220;plan assets&#8221; under the Employee Retirement Income Security Act of 1974, as amended, the Department of Labor
Regulations promulgated thereunder or similar law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(m)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Counterparty shall, at least one day prior to the first day of any Unwind Period, notify Dealer of the total number of Shares purchased
in Rule 10b-18 purchases of blocks pursuant to the once-a-week block exception contained in Rule 10b-18(b)(4) by or for Counterparty or
any of its affiliated purchasers during each of the four calendar weeks preceding the first day of the Unwind Period and during the calendar
week in which the first day of the Unwind Period occurs (&#8220;Rule 10b-18 purchase&#8221;, &#8220;blocks&#8221; and &#8220;affiliated
purchaser&#8221; each being used as defined in Rule 10b-18).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(n)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>During any Unwind Period, Counterparty shall (i) notify Dealer prior to the opening of trading in the Shares on any day on which
Counterparty makes, or expects to be made, any public announcement (as defined in Rule</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">165(f) under the Securities Act) of any merger, acquisition,
or similar transaction involving a recapitalization relating to Counterparty (other than any such transaction in which the consideration
consists solely of cash and there is no valuation period), (ii) promptly notify Dealer following any such announcement that such announcement
has been made, and (iii) promptly deliver to Dealer following the making of any such announcement information indicating (A) Counterparty&#8217;s
average daily Rule 10b-18 purchases (as defined in Rule 10b-18) during the three full calendar months preceding the date of the announcement
of such transaction and (B) Counterparty&#8217;s block purchases (as defined in Rule 10b-18) effected pursuant to paragraph (b)(4) of
Rule 10b-18 during the three full calendar months preceding the date of the announcement of such transaction. In addition, Counterparty
shall promptly notify Dealer of the earlier to occur of the completion of such transaction and the completion of the vote by target shareholders.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(o)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Counterparty is not, and after giving effect to the transactions contemplated hereby will not be, required to register as an &#8220;investment
company&#8221; as such term is defined in the Investment Company Act of 1940, as amended.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(p)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Without limiting the generality of Section 13.1 of the Equity Definitions, Counterparty acknowledges that Dealer is not making
any representations or warranties or taking any position or expressing any view with respect to the treatment of each Transaction under
any accounting standards including ASC Topic 260, Earnings Per Share, ASC Topic 815, Derivatives and Hedging, or ASC Topic 480, Distinguishing
Liabilities from Equity and ASC 815-40, Derivatives and Hedging &#8211; Contracts in Entity&#8217;s Own Equity (or any successor issue
statements) or under FASB&#8217;s Liabilities &amp; Equity Project.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(q)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Counterparty understands no obligations of Dealer to it hereunder will be entitled to the benefit of deposit insurance and that
such obligations will not be guaranteed by any affiliate of Dealer or any governmental agency.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(r)No federal, state or local
law, rule, regulation or regulatory order applicable to the Shares would give rise to any reporting, consent, registration or other requirement
(including without limitation a requirement to obtain prior approval from any person or entity) as a result of Dealer or its affiliates
owning or holding (however defined) Shares, other than Sections 13 and 16 under the Exchange Act.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(s)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Counterparty (i) has such knowledge and experience in financial and business affairs as to be capable of evaluating the merits
and risks of entering into each Transaction, (ii) has consulted with its own legal, financial, accounting and tax advisors in connection
with each Transaction and (iii) is entering into each Transaction for a bona fide business purpose.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(t)Ownership positions held by
Dealer or any of its affiliates solely in its capacity as a nominee or fiduciary (i) do not constitute &#8220;beneficial ownership&#8221;
by Dealer and (ii) shall not result in Dealer being deemed or treated as the &#8220;beneficial owner&#8221; of such positions, in each
case for purposes of the Issuer&#8217;s Amended and Restated By-Laws and Declaration of Trust, as amended from time to time.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">6.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Registered Hedging Letter</U>: The parties agree and acknowledge that each Transaction hereunder is being entered into in accordance
with the October 9, 2003 interpretive letter from the staff of the Securities and Exchange Commission to Goldman, Sachs &amp; Co. (the
&#8220;<B>Registered Hedging Letter</B>&#8221;) and agree to take all actions, and to omit to take any actions, reasonably requested by
the other party for each Transaction to comply with the Registered Hedging Letter. Accordingly, Counterparty represents that it is eligible
to conduct a primary offering of Shares on Form S-3, the offering contemplated by the Underwriting Agreement complies with Rule 415 under
the Securities Act of 1933, as amended (the &#8220;<B>Securities Act</B>&#8221;), and the Shares are &#8220;actively traded&#8221; as
defined in Rule 101(c)(1) of Regulation M.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">7.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Covenant</U>: Subject to the circumstances described under &#8220;Private Placement Procedures&#8221;, the parties acknowledge
and agree that any Shares delivered by Counterparty to Dealer on any Settlement Date will be newly issued Shares and pursuant to the terms
of the Registered Hedging Letter, when delivered by Dealer (or an affiliate of Dealer) to securities lenders from whom Dealer (or an affiliate
of Dealer) borrowed Shares in connection with hedging its exposure to each Transaction will be freely saleable without further registration
or other restrictions under the Securities Act, in the hands of those securities lenders, irrespective of whether such stock loan is effected
by Dealer or an affiliate of Dealer. Accordingly, Counterparty agrees that the Shares that it delivers to Dealer on each Settlement Date
will not bear a</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">restrictive legend and that such Shares will be deposited
in, and the delivery thereof shall be effected through the facilities of, the Clearance System.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">8.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Insolvency Filing</U>: Notwithstanding anything to the contrary herein, in the Agreement, in the 2006 Definitions or in the
Equity Definitions, upon any Insolvency Filing in respect of the Counterparty, each Transaction shall automatically terminate on the date
thereof without further liability of either party to this Master Confirmation or any Supplemental Confirmation to the other party (except
for any liability in respect of any breach of representation or covenant by a party under this Master Confirmation or any Supplemental
Confirmation prior to the date of such Insolvency Filing).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">9.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Extraordinary Dividends</U>: If an ex-dividend date for an Extraordinary Dividend occurs on or after the Trade Date and on or
prior to the Maturity Date (or, if later, the last date on which Shares are delivered by Counterparty to Dealer in settlement of each
Transaction), Counterparty shall pay to Dealer an amount in cash equal to the product of such Extraordinary Dividend and the number of
Shares comprising the Hedge Positions of Dealer on the earlier of (i) the date on which such Extraordinary Dividend is paid by the Counterparty
to holders of record of the Shares or (ii) the Maturity Date. &#8220;<B>Extraordinary Dividend</B>&#8221; means the per Share amount of
any dividend or distribution (in cash, Shares or other property) declared by the Counterparty with respect to the Shares that is specified
by the board of directors of the Counterparty as an &#8220;extraordinary&#8221; dividend.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">10.</TD><TD STYLE="text-align: justify"><U>Acceleration Events</U>: The following events shall each constitute an &#8220;Acceleration Event&#8221;:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.75in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Stock Borrow Events</I>. In the good faith and commercially reasonable judgment of Dealer (i) Dealer (or its affiliate) is unable,
after using commercially reasonable efforts, to hedge its exposure to a Transaction because of the lack of sufficient Shares being made
available for Share borrowing by lenders, or (ii) Dealer (or its affiliate) would incur a stock loan rate to borrow the Number of Shares
for such Transaction greater than or equal to the Maximum Stock Loan Rate for such Transaction (each, a &#8220;<B>Stock Borrow Event</B>&#8221;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.75in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Dividends and Other Distributions</I>. On any day occurring after the Trade Date, Counterparty declares a distribution, issue
or dividend to existing holders of the Shares of (i) any cash dividend (other than an Extraordinary Dividend) to the extent all cash dividends
having an ex-dividend date during the period from and including any Forward Price Reduction Date (with the Trade Date being a Forward
Price Reduction Date for purposes of this clause only) to but excluding the next subsequent Forward Price Reduction Date exceeds, on a
per Share basis, the Forward Price Reduction Amount set forth opposite the first date of any such period on Schedule I, (ii) share capital
or securities of another issuer acquired or owned (directly or indirectly) by Counterparty as a result of a spin-off or other similar
transaction or (iii) any other type of securities (other than Shares), rights or warrants or other assets, for payment (cash or other
consideration) at less than the prevailing market price as determined by Dealer;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.75in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>ISDA Early Termination Date</I>. Dealer notifies Counterparty that Dealer has designated an Early Termination Date pursuant
to Section 6 of the Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.75in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Other ISDA Events</I>. The public announcement of any event that if consummated would result in an Extraordinary Event or the
occurrence of any Change in Law or a Delisting; <I>provided</I> that in case of a Delisting, in addition to the provisions of Section
12.6(a)(iii) of the Equity Definitions, it will also constitute a Delisting if the Exchange is located in the United States and the Shares
are not immediately re-listed, re-traded or re-quoted on any of the New York Stock Exchange, the Nasdaq Global Select Market or the Nasdaq
Global Market (or their respective successors); and <I>provided further </I>that the definition of &#8220;Change in Law&#8221; provided
in Section 12.9(a)(ii) of the Equity Definitions is hereby amended by (i) replacing the phrase &#8220;the interpretation&#8221; in the
third line thereof with the phrase &#8220;, or public announcement of, the formal or informal interpretation&#8221; and (ii) replacing
the parenthetical beginning after the word &#8220;regulation&#8221; in the second line thereof the words &#8220;(including, for the avoidance
of doubt and without limitation, (x) any tax law or (y) adoption, effectiveness or promulgation of new regulations authorized or mandated
by existing statute)&#8221;; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.75in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Ownership Event</I>. In the reasonable judgment of Dealer, on any day, the Share Amount for such day exceeds the Applicable
Share Limit for such day (if any applies). For purposes of this clause (e), the &#8220;Share Amount&#8221; as of any day is the number
of Shares that Dealer and any person whose ownership position would be aggregated with that</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">of Dealer (Dealer or any such person, a &#8220;<B>Dealer
Person</B>&#8221;) under any law, rule, regulation, regulatory order (other than any obligations under Section 13 of the Exchange Act
and the rules and regulations thereunder) or organizational documents or contracts of Counterparty that are, in each case, applicable
to ownership of Shares (&#8220;<B>Applicable Restrictions</B>&#8221;), owns, beneficially owns, constructively owns, controls, holds the
power to vote or otherwise meets a relevant definition of ownership under any Applicable Restriction, as determined by Dealer in its reasonable
discretion based on the advice of counsel. The &#8220;Applicable Share Limit&#8221; means a number of Shares equal to (A) the minimum
number of Shares that could give rise to reporting or registration obligations or other requirements (including obtaining prior approval
from any person or entity) other than pursuant to the Exchange Act of a Dealer Person, or could reasonably be expected to result in an
adverse effect on a Dealer Person, under any Applicable Restriction, as determined by Dealer in its reasonable discretion based on the
advice of counsel, <I>minus</I> (B) 1% of the number of Shares outstanding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">11<I>. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I><U>Termination
Settlement</U>: Upon the occurrence of any Acceleration Event, Dealer shall have the right to designate, upon at least two Scheduled Trading
Days&#8217; notice, any Scheduled Trading Day following such occurrence to be a Settlement Date hereunder (a &#8220;<B>Termination Settlement
Date</B>&#8221;) to which Physical Settlement shall apply, and to select the number of Settlement Shares relating to such Termination
Settlement Date; <I>provided</I> that (i) in the case of an Acceleration Event arising out of an Ownership Event, the number of Settlement
Shares so designated by Dealer shall not exceed the number of Shares necessary to reduce the Share Amount to the Applicable Share Limit
and (ii) in the case of an Acceleration Event arising out of a Stock Borrow Event the number of Settlement Shares so designated by Dealer
shall not exceed the number of Shares as to which such Stock Borrow Event exists. If, upon designation of a Termination Settlement Date
by Dealer pursuant to the preceding sentence, Counterparty fails to deliver the Settlement Shares relating to such Termination Settlement
Date when due or otherwise fails to perform obligations within its control in respect of each Transaction, it shall be an Event of Default
with respect to Counterparty and Section 6 of the Agreement shall apply. If an Acceleration Event occurs during an Unwind Period relating
to a number of Settlement Shares to which Cash Settlement or Net Share Settlement applies, then on the Termination Settlement Date relating
to such Acceleration Event, notwithstanding any election to the contrary by Counterparty, Cash Settlement or Net Share Settlement shall
apply to the portion of the Settlement Shares relating to such Unwind Period as to which Dealer has unwound its hedge and Physical Settlement
shall apply in respect of (x) the remainder (if any) of such Settlement Shares and (y) the Settlement Shares designated by Dealer in respect
of such Termination Settlement Date. If an Acceleration Event occurs after Counterparty has designated a Settlement Date to which Physical
Settlement applies but before the relevant Settlement Shares have been delivered to Dealer, then Dealer shall have the right to cancel
such Settlement Date and designate a Termination Settlement Date in respect of such Shares pursuant to the first sentence hereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">12.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Private Placement Procedures</U>: If Counterparty is unable to comply with the provisions of &#8220;Covenant of Counterparty&#8221;
above because of a change in law or a change in the policy of the Securities and Exchange Commission or its staff, or Dealer otherwise
reasonably determines, based on advice of counsel, that any Settlement Shares to be delivered to Dealer by Counterparty may not be freely
returned by Dealer or its affiliates to securities lenders as described under &#8220;Covenant of Counterparty&#8221; above, then delivery
of any such Settlement Shares (the &#8220;<B>Restricted Shares</B>&#8221;) shall be effected pursuant to Annex A hereto, unless waived
by Dealer.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">13.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Additional Provisions Relating to the Shares</U>: It is the intent of the parties that each Transaction comply with the requirements
of Rule 10b5-1(c)(1)(i)(B) of the Exchange Act, and the parties agree that this Master Confirmation shall be interpreted to comply with
the requirements of Rule 10b5-1(c), and the parties shall not take any action that results in each Transaction not so complying with such
requirements. Without limiting the generality of the preceding sentence, Counterparty acknowledges and agrees that (A) during any Unwind
Period Counterparty shall not attempt to exercise, any influence over how, when or whether Dealer or its Affiliate effects any sales of
Shares in connection with each Transaction, (B) during any Unwind Period Counterparty shall not, directly or indirectly, communicate any
Material Non-Public Information (as defined herein) regarding Counterparty or the Shares to any employee responsible for trading the Shares
in the public side sales and trading business of Dealer or its Affiliates responsible for trading the Shares in connection with the transactions
contemplated hereby, and (C) Counterparty is entering into each Transaction in good faith and not as part of a plan or scheme to evade
compliance with federal securities laws including, without limitation, Rule 10b&#45;5 promulgated under the Exchange Act. The parties
also acknowledge and agree that any amendment, modification, waiver or termination of this Master Confirmation must be effected in accordance
with the requirements for the amendment or termination of a &#8220;plan&#8221; as defined in Rule 10b5-1(c) under the Exchange Act. For
purposes hereof each Transaction, &#8220;<B>Material</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Non-Public Information&#8221; means information relating
to Counterparty or the Shares that (a) has not been widely disseminated by wire service, in one or more newspapers of general circulation,
by communication from Counterparty to its shareholders or in a press release, or contained in a public filing made by Counterparty with
the Securities and Exchange Commission and (b) a reasonable investor might consider to be of importance in making an investment decision
to buy, sell or hold Shares. For the avoidance of doubt and solely by way of illustration, information should be presumed &#8220;material&#8221;
if it relates to such matters as dividend increases or decreases, earnings estimates, changes in previously released earnings estimates,
significant expansion or curtailment of operations, a significant increase or decline of orders, significant merger or acquisition proposals
or agreements, significant new products or discoveries, extraordinary borrowing, major litigation, liquidity problems, extraordinary management
developments, purchase or sale of substantial assets, or other similar information.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">14.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Maximum Share Delivery</U>: Notwithstanding any other provision of this Master Confirmation, in no event will Counterparty be
required to deliver on any Settlement Date, whether pursuant to Physical Settlement, Net Share Settlement, Termination Settlement or any
Private Placement Settlement, more than a number of Shares (the &#8220;<B>Share Cap</B>&#8221;) equal to 1.5 times the Number of Shares,
subject to reduction by the number of any Shares delivered by Counterparty on any prior Settlement Date and subject to adjustment from
time to time in accordance with the provisions of this Master Confirmation, any Supplement Confirmation and the Equity Definitions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">15.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Transfer and Assignment</U>: Dealer may assign or transfer all (but not less than all) of its rights or delegate all (but not
less than all) of its duties hereunder to any affiliate of Dealer; <I>provided</I> that, under the applicable law effective on the date
of such transfer or assignment, Counterparty will not be required, as a result of such transfer or assignment, to pay to the transferee
an amount in respect of an Indemnifiable Tax greater than the amount, if any, that Counterparty would have been required to pay Dealer
in the absence of such transfer or assignment; and Counterparty will not receive a payment from which an amount has been withheld or deducted,
on account of a Tax in respect of which the other party is not required to pay an additional amount, unless Counterparty would not have
been entitled to receive any additional amount in respect of such payment in the absence of such transfer or assignment; <I>provided further</I>
that (A) the affiliate&#8217;s obligations hereunder are fully and unconditionally guaranteed by Dealer or its parent or (B) the affiliate&#8217;s
long-term issuer rating is equal to or better than the credit rating of Dealer at the time of such assignment or transfer. Notwithstanding
the above or any other provision in this Master Confirmation or any Supplemental Confirmation to the contrary requiring or allowing Dealer
to purchase, sell, receive or deliver any Shares or other securities to or from Counterparty, Dealer may designate any of its affiliates
to purchase, sell, receive or deliver such Shares or other securities and otherwise to perform Dealer&#8217;s obligations in respect of
each Transaction and any such designee may assume such obligations. Dealer shall be discharged of its obligations to Counterparty to the
extent of any such performance.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">16.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>No Collateral or Setoff</U>: Notwithstanding Section 6(f) or any other provision of the Agreement or any other agreement between
the parties to the contrary, the obligations of Counterparty hereunder are not secured by any collateral. Obligations under each Transaction
shall not be set off against any other obligations of the parties, other than obligations in respect of any other Transaction governed
by this Master Confirmation, whether arising under the Agreement, this Master Confirmation or Supplemental Confirmation, under any other
agreement between the parties hereto, by operation of law or otherwise, and no other obligations of the parties, other than in respect
of each Transaction between the parties governed by this Master Confirmation, shall be set off against obligations under each Transaction,
whether arising under the Agreement, this Master Confirmation or Supplemental Confirmation, under any other agreement between the parties
hereto, by operation of law or otherwise, and each party hereby waives any such right of setoff. In calculating any amounts under Section
6(e) of the Agreement, notwithstanding anything to the contrary in the Agreement, (a) separate amounts shall be calculated as set forth
in such Section 6(e) with respect to (i) each Transaction and (ii) all other Transactions, and (b) such separate amounts shall be payable
pursuant to Section 6(d)(ii) of the Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">17.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Status of Claims in Bankruptcy</U>: Dealer acknowledges and agrees that this Master Confirmation is not intended to convey to
Dealer rights with respect to the transactions contemplated hereby that are senior to the claims of common stockholders in any U.S. bankruptcy
proceedings of Counterparty; <I>provided, however, </I>that nothing herein shall limit or shall be deemed to limit Dealer&#8217;s right
to pursue remedies in the event of a breach by Counterparty of its obligations and agreements with respect to this Master Confirmation
or Supplemental</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Confirmation and the Agreement; and <I>provided further</I>
that nothing herein shall limit or shall be deemed to limit Dealer&#8217;s rights in respect of any transaction other than each Transaction.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">18.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Limit on Beneficial Ownership</U>: Notwithstanding any other provisions hereof, Dealer shall not have the &#8220;right to acquire&#8221;
(within the meaning of NYSE Rule 312.04(g)) Shares hereunder and Dealer shall not be entitled to take delivery of any Shares deliverable
hereunder (in each case, whether in connection with the purchase of Shares on any Settlement Date or any Termination Settlement Date,
any Private Placement Settlement or otherwise) to the extent (but only to the extent) that, after such receipt of any Shares hereunder,
(i) the Share Amount would exceed the Applicable Share Limit, (ii) the Section 16 Percentage would exceed 4.9% or (iii) Dealer and each
person subject to aggregation of Shares with Dealer under Section 13 or Section 16 of the Exchange Act and rules promulgated thereunder
(the &#8220;<B>Dealer Group</B>&#8221;) would directly or indirectly beneficially own (as such term is defined for purposes of Section
13 or Section 16 of the Exchange Act and rules promulgated thereunder) in excess of 12,493,000 Shares (the &#8220;<B>Threshold Number
of Shares</B>&#8221;). Any purported delivery hereunder shall be void and have no effect to the extent (but only to the extent) that,
after such delivery, (i) the Share Amount would exceed the Applicable Share Limit, (ii) the Section 16 Percentage would exceed 4.9% or
(iii) Dealer Group would directly or indirectly so beneficially own in excess of the Threshold Number of Shares. If any delivery owed
to Dealer hereunder is not made, in whole or in part, as a result of this provision, Counterparty&#8217;s obligation to make such delivery
shall not be extinguished and Counterparty shall make such delivery as promptly as practicable after, but in no event later than one Exchange
Business Day after, Dealer gives notice to Counterparty that, after such delivery, (i) the Share Amount would not exceed the Applicable
Share Limit, (ii) the Section 16 Percentage would not exceed 4.9% and (iii) Dealer Group would not directly or indirectly so beneficially
own in excess of the Threshold Number of Shares. The &#8220;<B>Section 16 Percentage</B>&#8221; as of any day is the fraction, expressed
as a percentage, (A) the numerator of which is the number of Shares that Dealer and any of its affiliates or any other person subject
to aggregation with Dealer for purposes of the &#8220;beneficial ownership&#8221; test under Section 13 of the Exchange Act, or any &#8220;group&#8221;
(within the meaning of Section 13 of the Exchange Act) of which Dealer is or may be deemed to be a part beneficially owns (within the
meaning of Section 13 of the Exchange Act), without duplication, on such day (or, to the extent that for any reason the equivalent calculation
under Section 16 of the Exchange Act and the rules and regulations thereunder results in a higher number, such higher number) and (B)
the denominator of which is the number of Shares outstanding on such day. In addition, notwithstanding anything herein to the contrary,
if any delivery owed to Dealer hereunder is not made, in whole or in part, as a result of the immediately preceding paragraph, Dealer
shall be permitted to make any payment due in respect of such Shares to Counterparty in two or more tranches that correspond in amount
to the number of Shares delivered by Counterparty to Dealer pursuant to the immediately preceding paragraph.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">19.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Delivery of Cash</U><I>:</I> For the avoidance of doubt, nothing in this Master Confirmation or any Supplemental Confirmation
shall be interpreted as requiring Counterparty to deliver cash in respect of the settlement of each Transaction, except in circumstances
where the required cash settlement thereof is permitted for classification of the contract as equity by ASC 815-40 (formerly EITF 00-19)
as in effect on the Trade Date (including, without limitation, where Counterparty so elects to deliver cash or fails timely to elect to
deliver Shares in respect of such settlement).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">20.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Acknowledgements</U>: Dealer represents and warrants to Counterparty that it is a &#8220;financial participant&#8221; within
the meaning of Section 101(22A) of the Bankruptcy Code. The parties hereto acknowledge that they intend (A)&nbsp;that this Master Confirmation
is a &#8220;securities contract,&#8221; as such term is defined in Section&nbsp;741(7) of the Bankruptcy Code, with respect to which each
payment and delivery hereunder or in connection herewith is a &#8220;termination value,&#8221; &#8220;payment amount&#8221; or &#8220;other
transfer obligation&#8221; within the meaning of Section&nbsp;362 of the Bankruptcy Code and a &#8220;settlement payment&#8221; within
the meaning of Section&nbsp;546 of the Bankruptcy Code, and (B)&nbsp;that Dealer is entitled to the protections afforded by, among other
sections, Sections 362(b)(6), 362(b)(27), 362(o), 546(e), 546(j), 548(d)(2), 555 and 561 of the Bankruptcy Code.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">21.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Severability</U>: If any term, provision, covenant or condition of this Master Confirmation or Supplemental Confirmation, or
the application thereof to any party or circumstance, shall be held to be invalid or unenforceable in whole or in part for any reason,
the remaining terms, provisions, covenants, and conditions hereof shall continue in full force and effect as if this Master Confirmation
or Supplemental Confirmation had been executed with the invalid or unenforceable provision eliminated, so long as this Master Confirmation
or Supplemental Confirmation</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">as so modified continues to express, without material
change, the original intentions of the parties as to the subject matter of this Master Confirmation or Supplemental Confirmation and the
deletion of such portion of this Master Confirmation will not substantially impair the respective benefits or expectations of parties
to the Agreement; provided, however, that this severability provision shall not be applicable if any provision of Section 2, 5, 6 or 13
of the Agreement (or any definition or provision in Section 14 to the extent that it relates to, or is used in or in connection with any
such Section) shall be so held to be invalid or unenforceable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">22.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Other Forwards / Dealers</U>: Dealer acknowledges that Counterparty has entered or may enter in the future into one or more
similar forward transactions for the Shares (each, an &#8220;<B>Other Forward</B>&#8221; and collectively, the &#8220;<B>Other Forwards</B>&#8221;)
with one or more dealers, and/or affiliates thereof (each, an &#8220;<B>Other Dealer</B>&#8221; and collectively, the &#8220;<B>Other
Dealers</B>&#8221;). Dealer and Counterparty agree that if Counterparty designates a &#8220;Settlement Date&#8221; with respect to one
or more Other Forwards for which &#8220;Cash Settlement&#8221; or &#8220;Net Share Settlement&#8221; is applicable, and the resulting
&#8220;Unwind Period&#8221; for such Other Forwards coincides for any period of time with an Unwind Period for each Transaction (the &#8220;<B>Overlap
Unwind Period</B>&#8221;), Counterparty shall notify Dealer at least one Scheduled Trading Day prior to the commencement of such Overlap
Unwind Period of the first Scheduled Trading Day and length of such Overlap Unwind Period, and Dealer shall be permitted to purchase Shares
to unwind its hedge in respect of each Transaction only on alternating Scheduled Trading Days during such Overlap Unwind Period, commencing
on the first, second, third or later Scheduled Trading Day of such Overlap Unwind Period, as notified to Dealer by Counterparty at least
one Scheduled Trading Day prior to such Overlap Unwind Period (which alternating Scheduled Trading Days, for the avoidance of doubt, may
be every other Scheduled Trading Day if there is only one Other Dealer, every third Scheduled Trading Day if there are two Other Dealers,
etc.).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">23.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Disclosure</U>. Effective from the date of commencement of discussions concerning each Transaction, Counterparty and each of
its employees, representatives, or other agents may disclose to any and all persons, without limitation of any kind, the tax treatment
and tax structure of each Transaction and all materials of any kind (including opinions or other tax analyses) that are provided to Counterparty
relating to such tax treatment and tax structure.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">24.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Designation by Dealer</U>. Notwithstanding any other provision in this Master Confirmation or any Supplemental Confirmation
to the contrary requiring or allowing Dealer to purchase, sell, receive or deliver any Shares or other securities to or from Counterparty,
Dealer (the &#8220;<B>Designator</B>&#8221;) may designate any of its Affiliates (the &#8220;<B>Designee</B>&#8221;) to deliver or take
delivery, as the case may be, and otherwise perform its obligations to deliver, if any, or take delivery of, as the case may be, any such
Shares or other securities in respect of the Transaction, and the Designee may assume such obligations, if any. Such designation shall
not relieve the Designator of any of its obligations, if any, hereunder. Notwithstanding the previous sentence, if the Designee shall
have performed the obligations, if any, of the Designator hereunder, then the Designator shall be discharged of its obligations, if any,
to Counterparty to the extent of such performance.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">25.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Wall Street Transparency and Accountability Act of 2010</U>.&nbsp; The parties hereby agree that none of (i) Section 739 of
the Wall Street Transparency and Accountability Act of 2010 (the &#8220;<B>WSTAA</B>&#8221;), (ii) any similar legal certainty provision
included in any legislation enacted, or rule or regulation promulgated, on or after the Trade Date, (iii) the enactment of the WSTAA or
any regulation under the WSTAA, (iv) any requirement under the WSTAA or (v) any amendment made by the WSTAA shall limit or otherwise impair
either party&#8217;s right to terminate, renegotiate, modify, amend or supplement this Master Confirmation, any Supplemental Confirmation
or the Agreement, as applicable, arising from a termination event, force majeure, illegality, increased cost, regulatory change or similar
event under this Master Confirmation, any Supplemental Confirmation, the Equity Definitions or the Agreement (including, but not limited
to, any right arising from any Change in Law, Hedging Disruption, Increased Cost of Hedging or Illegality (as defined in the Agreement)).</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">26.</TD><TD STYLE="text-align: justify"><U>Tax Matters</U>.</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: 0.25in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Payee Representations</I>:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">For the purpose of Section 3(f) of the Agreement, Counterparty makes the
following representation to Dealer:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> It is a &#8220;U.S. person&#8221; (as that term is used in section 1.1441-4(a)(3)(ii) of the United States Treasury Regulations)
for U.S. federal income tax purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>It is a real estate investment trust for U.S. federal income tax purposes and is organized under the laws of the State of Maryland,
and is an exempt recipient under section 1.6049-4(c)(1)(ii)(J) of the United States Treasury Regulations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">For the purpose of Section 3(f) of the Agreement, Dealer makes the following
representations to Counterparty:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>It is a &#8220;U.S. person&#8221; (as that term is used in section 1.1441-4(a)(3)(ii) of the United States Treasury Regulations)
for U.S. federal income tax purposes.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>It is a national banking association organized and existing under the laws of the United States of America, and is an exempt recipient
under section 1.6049-4(c)(1)(ii) of the United States Treasury Regulations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Each party agrees to give notice of any failure of a representation made
by it under this Section to be accurate and true promptly upon learning of such failure.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Tax Documentation. </I>For the purpose of Sections 4(a)(i) and (ii) of the Agreement, Counterparty agrees to deliver to Dealer
one duly executed and completed United States Internal Revenue Service Form W-9 (or successor thereto) and Dealer agrees to deliver to
Counterparty a U.S. Internal Revenue Service Form W-9 (or successor thereto). Such forms or documents shall be delivered (i) on or before
the date of execution of this Master Confirmation, (ii) upon Counterparty or Dealer, as applicable, learning that any such tax form previously
provided by it has become obsolete or incorrect and (iii) upon reasonable request of the other party. Additionally, each party shall,
promptly upon request by the other party, provide such other tax forms and documents reasonably requested by the other party. &#8220;Indemnifiable
Tax,&#8221; as defined in Section 14 of the Agreement, shall not include any taxes imposed due to the failure of Dealer to provide the
tax documentation set forth in this paragraph.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><I>Withholding Tax imposed on payments to non-US counterparties under the United States Foreign Account Tax Compliance Act</I>.
&#8220;Indemnifiable Tax&#8221;, as defined in Section 14 of the Agreement, shall not include any U.S. federal withholding tax imposed
or collected pursuant to Sections 1471 through 1474 of the Code, any current or future regulations or official interpretations thereof,
any agreement entered into pursuant to Section 1471(b) of the Code, or any fiscal or regulatory legislation, rules or practices adopted
pursuant to any intergovernmental agreement entered into in connection with the implementation of such Sections of the Code (a &quot;<B>FATCA
Withholding Tax</B>&quot;). For the avoidance of doubt, a FATCA Withholding Tax is a Tax the deduction or withholding of which is required
by applicable law for the purposes of Section 2(d) of the Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><I>(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>HIRE Act. </I> &#8220;Indemnifiable Tax&#8221;, as defined in Section 14 of the Agreement, shall not include any tax imposed on
payments treated as dividends from sources within the United States under Section 871(m) of the Code or any regulations issued thereunder.
For the avoidance of doubt, any such tax imposed under Section 871(m) of the Code is a Tax the deduction or withholding of which is required
by applicable law for the purposes of Section 2(d) of the Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">27.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>U.S. Stay Regulations</U>. The parties agree that the terms of the 2018 ISDA U.S. Resolution Stay Protocol (the &#8220;<B>Protocol</B>&#8221;)
are incorporated into and form a part of this Master Confirmation, and for such purposes this Master Confirmation shall be deemed a Protocol
Covered Agreement and each party shall be deemed to have the same status as &#8220;Regulated Entity&#8221; and/or &#8220;Adhering Party&#8221;
as applicable to it under the Protocol, and for such purposes this Master Confirmation shall be deemed a &#8220;Covered Agreement,&#8221;
Dealer shall be deemed a &#8220;Covered Entity&#8221; and Counterparty shall be deemed a &#8220;Counterparty Entity.&#8221; In the event
of any inconsistencies between this Master Confirmation and the terms of the Protocol ( the &#8220;<B>QFC Stay Terms</B>&#8221;), as applicable,
the QFC Stay Terms will govern. Terms used in this paragraph without definition shall have the meanings assigned to them under the QFC
Stay Rules. For purposes of this paragraph, references to &#8220;this Master Confirmation&#8221; include any related credit enhancements
entered into between the parties or provided by one to the other. In addition, the parties agree that the</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">terms of this paragraph shall be incorporated into
any related covered affiliate credit enhancements, with all references to Dealer replaced by references to the covered affiliate support
provider.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">&#8220;<B>QFC Stay Rules</B>&#8221;
means the regulations codified at 12 C.F.R. 252.2, 252.81&#8211;8, 12 C.F.R. 382.1-7 and 12 C.F.R. 47.1-8, which, subject to limited exceptions,
require an express recognition of the stay-and-transfer powers of the FDIC under the Federal Deposit Insurance Act and the Orderly Liquidation
Authority under Title II of the Dodd Frank Wall Street Reform and Consumer Protection Act and the override of default rights related directly
or indirectly to the entry of an affiliate into certain insolvency proceedings and any restrictions on the transfer of any covered affiliate
credit enhancements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">28.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Waiver of Trial by Jury</U>. <FONT STYLE="text-transform: uppercase"><B>Each of Counterparty and Dealer hereby irrevocably waives
(on its own behalf and, to the extent permitted by applicable law, on behalf of its stockholders) all right to trial by jury in any action,
proceeding or counterclaim (whether based on contract, tort or otherwise) arising out of or relating to each Transaction or the actions
of Dealer or its affiliates in the negotiation, performance or enforcement hereof.</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">29.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Governing Law; Jurisdiction</U>. <FONT STYLE="text-transform: uppercase"><B>This MASTER Confirmation AND ANY SUPPLEMENTAL CONFIRMATION
AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS MASTER CONFIRMATION shall be governed by the laws of the State
of New York. The parties hereto irrevocably submit to the exclusive jurisdiction of the courts of the State of New York and the United
States Court for the Southern District of New York in connection with all matters relating hereto and waive any objection to the laying
of venue in, and any claim of inconvenient forum with respect to, these courts.</B></FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Please confirm that the foregoing correctly sets forth
the terms of our agreement by executing a copy of this Confirmation and returning it to CorporateDerivativeNotifications@wellsfargo.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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 COLSPAN="2" STYLE="text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-indent: 0in">Very truly yours,</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-indent: 0in"><B>WELLS FARGO BANK, NATIONAL ASSOCIATION</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-indent: 0in">/s/ Thomas Yates</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">Name:&nbsp;Thomas Yates</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">Title:&nbsp;&nbsp;&nbsp;Managing Director</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Accepted and confirmed as</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">of the date first above written:</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><B>LEXINGTON REALTY TRUST</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 6%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 42%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">/s/ Joseph S. Bonventre</TD>
    <TD STYLE="width: 7%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 45%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">Name:&nbsp;&nbsp;Joseph S. Bonventre</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">Title:&nbsp;&nbsp;&nbsp;Executive Vice President</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2.5in; text-align: justify">&nbsp;</P>

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


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

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

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">If Counterparty delivers the Restricted Shares pursuant to this clause (i) (a &#8220;<B>Private Placement
Settlement</B>&#8221;), then delivery of Restricted Shares by Counterparty shall be effected in customary private placement procedures
with respect to such Restricted Shares reasonably acceptable to Dealer; <I>provided</I> that if, on or before the date that a Private
Placement Settlement would occur, Counterparty has taken, or caused to be taken, any action that would make unavailable either the exemption
pursuant to Section 4(a)(2) of the Securities Act for the sale by Counterparty to Dealer (or any affiliate designated by Dealer) of the
Restricted Shares or the exemption pursuant to Section 4(a)(1) or Section 4(a)(3) of the Securities Act for resales of the Restricted
Shares by Dealer (or any such affiliate of Dealer) or Counterparty fails to deliver the Restricted Shares when due or otherwise fails
to perform obligations within its control in respect of a Private Placement Settlement, it shall be an Event of Default with respect to
Counterparty and Section 6 of the Agreement shall apply. The Private Placement Settlement of such Restricted Shares shall include customary
representations, covenants, blue sky and other governmental filings and/or registrations, indemnities to Dealer, due diligence rights
(for Dealer or any designated buyer of the Restricted Shares by Dealer), opinions and certificates, and such other documentation as is
customary for private placement agreements, all reasonably acceptable to Dealer. In the case of a Private Placement Settlement, Dealer
shall, in its good faith discretion, adjust the number of Restricted Shares to be delivered to Dealer hereunder and/or the Forward Price
in a commercially reasonable manner to reflect the fact that such Restricted Shares may not be freely returned to securities lenders by
Dealer and may only be saleable by Dealer at a discount to reflect the lack of liquidity in Restricted Shares. Notwithstanding the Agreement
or this Master Confirmation, the date of delivery of such Restricted Shares shall be the Clearance System Business Day following notice
by Dealer to Counterparty of the number of Restricted Shares to be delivered pursuant to this clause (i). For the avoidance of doubt,
delivery of Restricted Shares shall be due as set forth in the previous sentence and not be due on the Settlement Date or Termination
Settlement Date that would otherwise be applicable.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">If Counterparty delivers any Restricted Shares in respect of each Transaction, Counterparty agrees that
(i) such Shares may be transferred by and among Dealer and its affiliates and (ii) after the minimum &#8220;holding period&#8221; within
the meaning of Rule 144(d) under the Securities Act has elapsed after the applicable Settlement Date, Counterparty shall promptly remove,
or cause the transfer agent for the Shares to remove, any legends referring to any transfer restrictions from such Shares upon delivery
by Dealer (or such affiliate of Dealer) to Counterparty or such transfer agent of seller&#8217;s and broker&#8217;s representation letters
customarily delivered by Dealer or its affiliates in connection with resales of restricted securities pursuant to Rule 144 under the Securities
Act, each without any further requirement for the delivery of any certificate, consent, agreement, opinion of counsel, notice or any other
document, any transfer tax stamps or payment of any other amount or any other action by Dealer (or such affiliate of Dealer).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: right">ANNEX B</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>SUPPLEMENTAL CONFIRMATION</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">To:</TD><TD><B>Lexington Realty Trust<BR>
</B>One Penn Plaza, Suite 4015<BR>
New York, New York, 10019-4015</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">From:</TD><TD><B>Wells Fargo Bank, National Association (&#8220;Dealer&#8221;)<BR>
</B>30 Hudson Yards<BR>
New York, NY 10001-2170<BR>
<B>Email: CorporateDerivativeNotifications@wellsfargo.com</B></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">Re:</TD><TD><B>Registered Forward Transaction</B></TD></TR></TABLE>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The purpose of this Supplemental
Confirmation is to confirm the terms and conditions of the Registered Forward Transaction entered into between Wells Fargo Bank, National
Association (&#8220;<B>Dealer</B>&#8221;) and Lexington Realty Trust (&#8220;<B>Counterparty</B>&#8221;) on the Trade Date specified below.
This Supplemental Confirmation is a binding contract between Dealer and Counterparty as of the relevant Trade Date for each Transaction
referenced below.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Supplemental
Confirmation supplements, forms part of, and is subject to the Master Confirmation between Dealer and Counterparty dated as of May 10,
2021 (the &#8220;<B>Master Confirmation</B>&#8221;), as amended and supplemented from time to time. All provisions contained in the Master
Confirmation govern this Supplemental Confirmation except as expressly modified below.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The terms
of each Transaction to which this Supplemental Confirmation relates are as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&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: 50%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Spread:</FONT></TD>
    <TD STYLE="width: 50%; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">[_.__]%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Initial Stock Loan Rate:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">[_____] basis points per annum</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Maximum Stock Loan Rate:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">[_____] basis points per annum</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Forward Price Reduction Dates:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">As specified on Schedule I hereto</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Forward Price Reduction Amounts:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">As specified on Schedule I hereto</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: right; text-indent: 0.5in">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>SCHEDULE I</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">FORWARD PRICE REDUCTION DATES AND AMOUNTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&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: 47%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Forward Price Reduction Date</U></B></FONT></TD>
    <TD STYLE="width: 53%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Forward Price Reduction Amount</U></B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Trade Date</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">USD 0.000</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">USD [*]</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">USD [*]</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">USD [*]</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">USD [*]</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">[*]</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">USD [*]</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: center">&nbsp;</P>


</BODY>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1.5
<SEQUENCE>6
<FILENAME>exh_1-5forwardsuppwf.htm
<DESCRIPTION>SUPPLEMENTAL CONFIRMATION OF REGISTERED FORWARD TRANSACTION, DATED AS OF MAY 10, 2021
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: right"><B>Exhibit 1.5</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>SUPPLEMENTAL CONFIRMATION</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">To:</TD><TD><B>Lexington Realty Trust<BR>
</B>One Penn Plaza, Suite 4015<BR>
New York, New York, 10019-4015</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">From:</TD><TD><B>Wells Fargo Bank, National Association (&ldquo;Dealer&rdquo;)<BR>
</B>30 Hudson Yards<BR>
New York, NY 10001-2170<BR>
<B>Email: CorporateDerivativeNotifications@wellsfargo.com</B></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">Re:</TD><TD><B>Registered Forward Transaction</B></TD></TR></TABLE>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The purpose of this Supplemental
Confirmation is to confirm the terms and conditions of the Registered Forward Transaction entered into between Wells Fargo Bank, National
Association (&ldquo;<B>Dealer</B>&rdquo;) and Lexington Realty Trust (&ldquo;<B>Counterparty</B>&rdquo;) on the Trade Date specified below.
This Supplemental Confirmation is a binding contract between Dealer and Counterparty as of the relevant Trade Date for each Transaction
referenced below.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Supplemental
Confirmation supplements, forms part of, and is subject to the Master Confirmation between Dealer and Counterparty dated as of May 10,
2021 (the &ldquo;<B>Master Confirmation</B>&rdquo;), as amended and supplemented from time to time. All provisions contained in the Master
Confirmation govern this Supplemental Confirmation except as expressly modified below.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The terms
of each Transaction to which this Supplemental Confirmation relates are as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&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: 50%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Spread:</FONT></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">0.75%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Initial Stock Loan Rate:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">50 basis points per annum</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Maximum Stock Loan Rate:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">200 basis points per annum</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Forward Price Reduction Dates:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">As specified on Schedule I hereto</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Forward Price Reduction Amounts:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">As specified on Schedule I hereto</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>


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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Counterparty hereby agrees (a) to check this
Supplemental Confirmation carefully and immediately upon receipt so that errors or discrepancies can be promptly identified and rectified
and (b) to confirm that the foregoing (in the exact form provided by Dealer) correctly sets forth the terms of the agreement between Dealer
and Counterparty hereunder, by manually signing this Supplemental Confirmation or this page hereof as evidence of agreement to such terms
and providing the other information requested herein and immediately returning an executed copy to us.</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" STYLE="text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-indent: 0in">Yours faithfully,</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-indent: 0in">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-indent: 0in"><B>WELLS FARGO BANK, NATIONAL ASSOCIATION</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-indent: 0in">/s/ Thomas Yates</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">Name:&nbsp;Thomas Yates</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">Title:&nbsp;&nbsp;&nbsp;Managing Director</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Agreed and accepted by:</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><B>LEXINGTON REALTY TRUST</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 6%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 42%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">/s/ Joseph S. Bonventre</TD>
    <TD STYLE="width: 7%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 45%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">Name: Joseph S. Bonventre</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">Title:&nbsp;&nbsp;&nbsp;Executive Vice President</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>


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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">FORWARD PRICE REDUCTION DATES AND AMOUNTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&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: 47%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Forward Price Reduction Date</U></B></FONT></TD>
    <TD STYLE="width: 53%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt"><B><U>Forward Price Reduction Amount</U></B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">Trade Date</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">USD 0.000</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">[*]</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">USD [*]</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">[*]</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">USD [*]</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">[*]</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">USD [*]</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">[*]</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">USD [*]</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">[*]</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">USD [*]</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"></P>

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<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>7
<FILENAME>exh_5-1lexingtonopinion.htm
<DESCRIPTION>OPINION OF VENABLE LLP
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Exhibit 5.1</B></P>

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

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0"><IMG SRC="image51_1.jpg" ALT=""></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">May 13, 2021</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">One Penn Plaza, Suite 4015</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">New York, NY 10119</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">Re:</TD><TD><A NAME="RELine"></A><U>Registration Statement on Form S-3 (No. 333-253297)</U></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">We have served as Maryland counsel for Lexington
Realty Trust, a Maryland real estate investment trust (the &ldquo;Company&rdquo;), in connection with certain matters of Maryland law
<A NAME="a_Hlk40190441"></A>arising out of the registration and sale of up to 18,400,000 shares (the &ldquo;Underwritten Shares&rdquo;)
of beneficial interest classified as common stock, par value $.0001 per share (the &ldquo;Common Stock&rdquo;), of the Company (including
up to 2,400,000 Underwritten Shares that may be purchased by the Underwriters (as defined below) pursuant to an option), pursuant to (i)
that certain Underwriting Agreement, dated May 10, 2021 (the &ldquo;Underwriting Agreement&rdquo;), by and among the Company, the Forward
Counterparties (as defined in the Underwriting Agreement) (or their designated agents), the Forward Purchasers (as defined below) and
J.P. Morgan Securities LLC, Wells Fargo Securities, LLC and KeyBanc Capital Markets (collectively, the &ldquo;Underwriters&rdquo; and,
individually, an &ldquo;Underwriter&rdquo;), and (ii) the letter agreements, each dated as of May 10, 2021 (collectively, the &ldquo;Forward
Sale Agreements&rdquo; and, together with the Underwriting Agreement, the &ldquo;Agreements&rdquo;), by and between the Company and each
of JPMorgan Chase Bank, National Association and Wells Fargo Bank, National Association, in their capacities as forward purchasers of
Underwritten Shares thereunder (in such capacities, the &ldquo;Forward Purchasers&rdquo;). Up to 36,800,000 shares of Common Stock (the
&ldquo;Settlement Shares&rdquo;) may be delivered by the Company upon settlement of the Forward Sales Agreements and up to 18,400,000
shares of Common Stock (the &ldquo;Top-Up Shares&rdquo; and, together with the Settlement Shares, the &ldquo;Company Shares&rdquo;), of
the Company (including up to 2,400,000 Top-Up Shares that may be purchased by the Underwriters pursuant to an option), may be issued and
sold by the Company to the Underwriters pursuant to the Underwriting Agreement, if such number of Underwritten Shares are not borrowed
by the Forward Sellers from third parties. The Underwritten Shares and the Company Shares are covered by the above-referenced Registration
Statement, and all amendments thereto (the &ldquo;Registration Statement&rdquo;), filed with the Securities and Exchange Commission (the
&ldquo;Commission&rdquo;) under the Securities Act of 1933, as amended (the &ldquo;Act&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">In connection with our representation of the Company,
and as a basis for the opinion hereinafter set forth, we have examined originals, or copies certified or otherwise identified to our satisfaction,
of the following documents (hereinafter collectively referred to as the &ldquo;Documents&rdquo;):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">1.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;The Registration
Statement and the related form of prospectus included therein and the supplement thereto, in the form in which it was transmitted to the
Commission under the Act;</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><IMG SRC="image51_2.jpg" ALT=""></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">May 13, 2021</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">2.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;The
Declaration of Trust of the Company, as amended and supplemented through the date hereof (the &ldquo;Declaration&rdquo;), certified by
the State Department of Assessments and Taxation of Maryland (the &ldquo;SDAT&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">3.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;The
Amended and Restated Bylaws of the Company, as amended, certified as of the date hereof by an officer of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">4.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;A
certificate of the SDAT as to the good standing of the Company, dated as of a recent date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">5.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;Resolutions
adopted by the Board of Trustees of the Company, and by a duly authorized committee thereof (collectively, the &ldquo;Resolutions&rdquo;),
relating to, among other matters, (i) the sale and issuance of the Company Shares pursuant to the Agreements, (ii) the authorization of
the execution, delivery and performance by the Company of the Agreements, and (ii) the reservation and issuance of the Settlement Shares
issuable pursuant to the Agreements, certified as of the date hereof by an officer of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">6.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;The
Underwriting Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">7.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;The
Forward Sale Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">8.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;A
certificate executed by an officer of the Company, dated as of the date hereof; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">9.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;Such
other documents and matters as we have deemed necessary or appropriate to express the opinion set forth below, subject to the assumptions,
limitations and qualifications stated herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">In expressing the opinion set forth below, we
have assumed the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">1.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;Each
individual executing any of the Documents, whether on behalf of such individual or another person, is legally competent to do so.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">2.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;Each
individual executing any of the Documents on behalf of a party (other than the Company) is duly authorized to do so.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">3.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;Each of the
parties (other than the Company) executing any of the Documents has duly and validly executed and delivered each of the Documents to which
such party is a signatory, and the obligations of such party set forth therein are legal, valid and binding and are enforceable in accordance
with all stated terms.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><IMG SRC="image51_2.jpg" ALT=""></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">May 13, 2021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Page 3</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">4.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;All
Documents submitted to us as originals are authentic. The form and content of all Documents submitted to us as unexecuted drafts do not
differ in any respect relevant to this opinion from the form and content of such Documents as executed and delivered. All Documents submitted
to us as certified or photostatic copies conform to the original documents. All signatures on all Documents are genuine. All public records
reviewed or relied upon by us or on our behalf are true and complete. All representations, warranties, statements and information contained
in the Documents are true and complete. There has been no oral or written modification of or amendment to any of the Documents, and there
has been no waiver of any provision of any of the Documents, by action or omission of the parties or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">5.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;The
Underwritten Shares will not be and have not been, and the Company Shares will not be, issued or transferred in violation of the restrictions
or limitations contained in the Declaration of Trust.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">6.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;Upon
the issuance of any Settlement Shares, the total number of shares of Common Stock issued and outstanding will not exceed the total number
of shares of Common Stock that the Company is then authorized to issue under the Declaration of Trust.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">Based upon the foregoing, and subject to the assumptions,
limitations and qualifications stated herein, it is our opinion that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">1.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;The
Company is a real estate investment trust duly formed and existing under and by virtue of the laws of the State of Maryland and is in
good standing with the SDAT.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">2.&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;&thinsp;The
Company Shares are duly authorized for issuance and, when and if issued and delivered in accordance with the Underwriting Agreement, the
Forward Sale Agreements and the Resolutions, will be validly issued, fully paid and nonassessable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in"><A NAME="Closing"></A>The foregoing opinion is
limited to the laws of the State of Maryland and we do not express any opinion herein concerning any federal law or the laws of any other
state. We express no opinion as to compliance with any federal or state securities laws, including the securities laws of the State of
Maryland, or as to federal or state laws regarding fraudulent transfers. To the extent that any matter as to which our opinion is expressed
herein would be governed by the laws of any jurisdiction other than the State of Maryland, we do not express any opinion on such matter.
The opinion expressed herein is subject to the effect of judicial decisions which may permit the introduction of parol evidence to modify
the terms or the interpretation of agreements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 1in">The opinion expressed herein is limited to the matters
specifically set forth herein and no other opinion shall be inferred beyond the matters expressly stated. We assume no obligation to supplement
this opinion if any applicable law changes after the date hereof or if we become aware of any fact that might change the opinion expressed
herein after the date hereof.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><IMG SRC="image51_2.jpg" ALT=""></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">May 13, 2021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Page 4</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">This opinion is being furnished to you for submission
to the Commission as an exhibit to the Company&rsquo;s Current Report on Form 8-K (the &ldquo;Current Report&rdquo;), which is incorporated
by reference in the Registration Statement. We hereby consent to the filing of this opinion as an exhibit to the Current Report and the
said incorporation by reference and to the use of the name of our firm therein. In giving this consent, we do not admit that we are within
the category of persons whose consent is required by Section 7 of the Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 3.5in">Very truly yours,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in">/s/ Venable LLP</P>

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

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

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

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<P STYLE="margin: 0">&thinsp;</P>

<P STYLE="margin: 0">&thinsp;</P>

<P STYLE="margin: 0">&thinsp;</P>

<P STYLE="margin: 0">&thinsp;</P>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>8
<FILENAME>exh_99-1launchpressrel.htm
<DESCRIPTION>PRESS RELEASE ISSUED MAY 10, 2021
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<P STYLE="text-align: right; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Exhibit 99.1</B></P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0">Lexington Realty Trust Announces Public<BR>
Offering of Common Shares</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Company Release - 5/10/2021</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify">NEW YORK, May&nbsp;10, 2021 (GLOBE NEWSWIRE)
-- Lexington Realty Trust (NYSE:LXP) (&ldquo;Lexington&rdquo;), a real estate investment trust (REIT)&nbsp;focused on single-tenant industrial
real estate investments, today announced that it has commenced an underwritten public offering of&nbsp;16,000,000 common shares in connection
with the forward sale agreements described below. In connection with the offering, Lexington intends to grant the underwriters a&nbsp;30-day
option to purchase up to an additional&nbsp;2,400,000 common shares to cover over-allotments, if any.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify">Wells Fargo Securities, J.P. Morgan and KeyBanc
Capital Markets are acting as underwriters for the offering. Lexington expects to enter into forward sale agreements with Wells Fargo
Bank, National Association and JPMorgan Chase Bank, National Association, or their affiliates (together, the &ldquo;forward purchasers&rdquo;)
with respect to&nbsp;16,000,000 of its common shares (or an aggregate of&nbsp;18,400,000 common shares if the underwriters exercise their
option to purchase additional shares in full). In connection with the forward sale agreements, the forward purchasers or their affiliates
are expected to borrow and sell to the underwriters an aggregate of&nbsp;16,000,000 common shares (or an aggregate of&nbsp;18,400,000
common shares if the underwriters exercise their option to purchase additional shares in full) that will be delivered in this offering.
Subject to its right to elect cash or net share settlement, which right is subject to certain conditions, Lexington intends to deliver,
upon physical settlement of such forward sale agreements on one or more dates specified by Lexington occurring no later than May&nbsp;11,
2022, an aggregate of&nbsp;16,000,000 common shares (or an aggregate of&nbsp;18,400,000 common shares if the underwriters exercise their
option to purchase additional shares in full) to the forward purchasers in exchange for cash proceeds per share equal to the applicable
forward sale price, which will be the public offering price, less applicable expenses, and will be subject to certain adjustments as provided
in the forward sale agreements.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify">The underwriters may offer the common shares
from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated
transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices at the time of
sale or at negotiated prices.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify">Lexington will not initially receive any proceeds
from the sale of common shares by the forward purchasers or their affiliates in the offering. Lexington intends to use the net proceeds,
if any, it receives upon the future settlement of the forward sale agreements for working capital and general</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify">corporate purposes, including, without limitation,
to fund its ongoing and future development projects. Pending the application of such net proceeds, Lexington may repay future amounts
outstanding under its unsecured credit facility, which amounts may be re-borrowed from time to time.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify">Selling common shares through the forward sale
agreements enables Lexington to set the price of such shares upon the pricing of the offering (subject to certain adjustments) while delaying
the issuance of such shares and the receipt of the net proceeds by Lexington until the expected funding requirements described above have
occurred.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify">This offering is being conducted pursuant to
Lexington&rsquo;s currently effective shelf registration statement, which was previously filed with the Securities and Exchange Commission.
A preliminary prospectus supplement related to the public offering and a final prospectus supplement will be filed with the Securities
and Exchange Commission. Copies of the preliminary prospectus supplement and final prospectus supplement, when available, may be obtained
from (1)&nbsp;Wells Fargo Securities, Attention: Equity Syndicate Department, 500 West&nbsp;33rd Street, New York, New York, 10001, at
(800) 326-5897 or email a request to cmclientsupport@wellsfargo.com, (2)&nbsp;J.P. Morgan Securities LLC, Attention: Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY&nbsp;11717, telephone: 1-866-803-9204, (3)&nbsp;KeyBanc Capital Markets Inc., Attn: Equity
Syndicate, 127 Public Square, 4th Floor, Cleveland, Ohio&nbsp;44114, telephone: 1-800-859-1783, or (4)&nbsp;the Internet site of the Securities
and Exchange Commission at http://www.sec.gov.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify">This press release shall not constitute an offer
to sell or the solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state in which such
offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify"><B>ABOUT LEXINGTON REALTY TRUST</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify"><I>Lexington Realty Trust (NYSE: LXP) is a publicly
traded real estate investment trust (REIT)&nbsp;focused on single-tenant industrial real estate investments across the United States.
Lexington seeks to expand its industrial portfolio through acquisitions, build-to-suit transactions, sale-leaseback transactions, development
projects and other transactions.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify"><I>This release contains certain forward-looking
statements which involve known and unknown risks, uncertainties and other factors not under Lexington's control which may cause actual
results, performance or achievements of Lexington to be materially different from the results, performance, or other expectations implied
by these forward-looking statements. These factors include, but are not limited to, those factors and risks detailed in Lexington's periodic
filings with the Securities and Exchange Commission. Except as required by law, Lexington undertakes no obligation to publicly</I></P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify">release the results of any revisions to those
forward-looking statements which may be made to reflect events or circumstances after the occurrence of unanticipated events.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt">Contact:<BR>
Investor or Media Inquiries for Lexington Realty Trust:<BR>
Beth Boulerice, Chief Financial Officer<BR>
Lexington Realty Trust<BR>
Phone: (212) 692-7200 E-mail: bboulerice@lxp.com<BR>
<BR>
<BR>
Source: Lexington Realty Trust</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt">&nbsp;</P>


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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>9
<FILENAME>exh_99-2pricingpressrely.htm
<DESCRIPTION>PRESS RELEASE ISSUED MAY 11, 2021
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right; margin: 0"><B>Exhibit 99.2</B></P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0">Lexington Realty Trust Announces Pricing of<BR>
Public Offering of Common Shares</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Company Release - 5/11/2021</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify">NEW YORK, May&nbsp;11, 2021 (GLOBE NEWSWIRE)
-- Lexington Realty Trust (NYSE:LXP) (&ldquo;Lexington&rdquo;), a real estate investment trust (REIT)&nbsp;focused on single-tenant industrial
real estate investments, today announced that it has priced its underwritten public offering of&nbsp;16,000,000 common shares for expected
gross proceeds of approximately $195.2&nbsp;million, before applicable expenses and before giving effect to the underwriters&rsquo; option,
if exercised, all of which are being offered in connection with the forward sale agreements described below. As part of the offering,
Lexington has granted the underwriters a&nbsp;30-day option to purchase up to an additional&nbsp;2,400,000 common shares.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify">Wells Fargo Securities, J.P. Morgan and KeyBanc
Capital Markets are acting as underwriters for the offering. Lexington has entered into forward sale agreements with Wells Fargo Bank,
National Association and JPMorgan Chase Bank, National Association, or their affiliates (together, the &ldquo;forward purchasers&rdquo;)
with respect to&nbsp;16,000,000 of its common shares (or an aggregate of&nbsp;18,400,000 common shares if the underwriters exercise their
option to purchase additional shares in full). In connection with the forward sale agreements, the forward purchasers or their affiliates
are expected to borrow and sell to the underwriters an aggregate of&nbsp;16,000,000 common shares (or an aggregate of&nbsp;18,400,000
common shares if the underwriters exercise their option to purchase additional shares in full) that will be delivered in this offering.
Subject to its right to elect cash or net share settlement, which right is subject to certain conditions, Lexington intends to deliver,
upon physical settlement of such forward sale agreements on one or more dates specified by Lexington occurring no later than May&nbsp;11,
2022, an aggregate of&nbsp;16,000,000 common shares (or an aggregate of&nbsp;18,400,000 common shares if the underwriters exercise their
option to purchase additional shares in full) to the forward purchasers in exchange for cash proceeds per share equal to the applicable
forward sale price, subject to certain adjustments as provided in the forward sale agreements.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify">The offering is subject to customary closing
conditions and is expected to close on May&nbsp;13, 2021.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify">The underwriters may offer the common shares
from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated
transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices at the time of
sale or at negotiated prices.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify">Lexington will not initially receive any proceeds
from the sale of common shares by the forward purchasers or their affiliates in the offering. Lexington intends to use the net proceeds,
if any, it</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify">receives upon the future settlement of the forward
sale agreements for working capital and general corporate purposes, including, without limitation, to fund its ongoing and future development
projects. Pending the application of such net proceeds, Lexington may repay future amounts outstanding under its unsecured credit facility,
which amounts may be re-borrowed from time to time.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify">Selling common shares through the forward sale
agreements enables Lexington to set the price of such shares upon the pricing of the offering (subject to certain adjustments) while delaying
the issuance of such shares and the receipt of the net proceeds by Lexington until the expected funding requirements described above have
occurred.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify">This offering is being conducted pursuant to
Lexington&rsquo;s currently effective shelf registration statement, which was previously filed with the Securities and Exchange Commission.
A preliminary prospectus supplement related to the public offering and a final prospectus supplement will be filed with the Securities
and Exchange Commission. Copies of the preliminary prospectus supplement and final prospectus supplement, when available, may be obtained
from (1)&nbsp;Wells Fargo Securities, Attention: Equity Syndicate Department, 500 West&nbsp;33rd Street, New York, New York, 10001, at
(800) 326-5897 or email a request to cmclientsupport@wellsfargo.com, (2)&nbsp;J.P. Morgan Securities LLC, Attention: Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY&nbsp;11717, telephone: 1-866-803-9204, (3)&nbsp;KeyBanc Capital Markets Inc., Attn: Equity
Syndicate, 127 Public Square, 4th Floor, Cleveland, Ohio&nbsp;44114, telephone: 1-800-859-1783, or (4)&nbsp;the Internet site of the Securities
and Exchange Commission at http://www.sec.gov.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify">This press release shall not constitute an offer
to sell or the solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state in which such
offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt">ABOUT LEXINGTON REALTY TRUST</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify"><I>Lexington Realty Trust (NYSE: LXP) is a publicly
traded real estate investment trust (REIT)&nbsp;focused on single-tenant industrial real estate investments across the United States.
Lexington seeks to expand its industrial portfolio through acquisitions, build-to-suit transactions, sale-leaseback transactions, development
projects and other transactions.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify"><I>This release contains certain forward-looking
statements which involve known and unknown risks, uncertainties and other factors not under Lexington&rsquo;s control which may cause
actual results, performance or achievements of Lexington to be materially different from the results, performance, or other expectations
implied by these forward-looking statements. These factors include, but are not limited to, those factors and risks detailed in Lexington&rsquo;s
periodic filings with the Securities and</I></P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify">Exchange Commission. Except as required by law,
Lexington undertakes no obligation to publicly release the results of any revisions to those forward-looking statements which may be made
to reflect events or circumstances after the occurrence of unanticipated events.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt">Contact:<BR>
Investor or Media Inquiries for Lexington Realty Trust:<BR>
Beth Boulerice, Chief Financial Officer<BR>
Lexington Realty Trust<BR>
Phone: (212) 692-7200 E-mail: bboulerice@lxp.com<BR>
<BR>
<BR>
Source: Lexington Realty Trust</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt">&nbsp;</P>


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<SEQUENCE>10
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<DESCRIPTION>XBRL SCHEMA FILE
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<FILENAME>lxp-20210510_def.xml
<DESCRIPTION>XBRL DEFINITION FILE
<TEXT>
<XBRL>
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<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>12
<FILENAME>lxp-20210510_lab.xml
<DESCRIPTION>XBRL LABEL FILE
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      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.xsd#dei_EntityBankruptcyProceedingsReportingCurrent" xlink:label="dei_EntityBankruptcyProceedingsReportingCurrent" />
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<SEQUENCE>13
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.21.1</span><table class="report" border="0" cellspacing="2" id="idm140321178671256">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cover<br></strong></div></th>
<th class="th"><div>May 10, 2021</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfCapitalizationEquityLineItems', window );"><strong>Schedule of Capitalization, Equity [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="top.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="top.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="top.Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">May 10,  2021<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">1-12386<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">LEXINGTON REALTY TRUST<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000910108<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">13-3717318<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.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="top.Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">One Penn Plaza, Suite 4015<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">New York<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">NY<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">10119-4015<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">(212)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">692-7200<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.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="top.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="top.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="top.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="top.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="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=LXP_SharesOfBeneficialInterestParValue0.0001PerShareClassifiedAsCommonStockMember', window );">Shares of beneficial interest, par value $0.0001 per share, classified as Common Stock</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="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfCapitalizationEquityLineItems', window );"><strong>Schedule of Capitalization, Equity [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="top.Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Shares of beneficial interest, par value $0.0001 per share, classified as Common Stock<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">LXP<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.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="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=LXP_Sec6.50SeriesCCumulativeConvertiblePreferredStockParValue0.0001PerShareMember', window );">6.50% Series C Cumulative Convertible Preferred Stock, par value $0.0001 per share</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="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfCapitalizationEquityLineItems', window );"><strong>Schedule of Capitalization, Equity [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="top.Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">6.50% Series C Cumulative Convertible Preferred Stock, par value $0.0001 per share<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">LXPPRC<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.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="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.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="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.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="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.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_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.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="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.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="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.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="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.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="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.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="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.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="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.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="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.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="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.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="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.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="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.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="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.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="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.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="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.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="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.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="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.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="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.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="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.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="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.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="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.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>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.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="top.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="top.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>
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<a href="javascript:void(0);" onclick="top.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="top.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="top.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>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="top.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="top.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>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.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="top.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="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.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="top.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="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
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<a href="javascript:void(0);" onclick="top.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="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.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="top.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="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
