<SEC-DOCUMENT>0001140361-24-042791.txt : 20241004
<SEC-HEADER>0001140361-24-042791.hdr.sgml : 20241004
<ACCEPTANCE-DATETIME>20241004060147
ACCESSION NUMBER:		0001140361-24-042791
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		6
FILED AS OF DATE:		20241004
DATE AS OF CHANGE:		20241004
EFFECTIVENESS DATE:		20241004

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FrontView REIT, Inc.
		CENTRAL INDEX KEY:			0001988494
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		IRS NUMBER:				932133671
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-282496
		FILM NUMBER:		241353404

	BUSINESS ADDRESS:	
		STREET 1:		3131 MCKINNEY AVENUE
		STREET 2:		SUITE L10
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75204
		BUSINESS PHONE:		(469) 906-7300

	MAIL ADDRESS:	
		STREET 1:		3131 MCKINNEY AVENUE
		STREET 2:		SUITE L10
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75204
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>ny20036129x13_s8.htm
<DESCRIPTION>S-8
<TEXT>
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  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">As filed with the Securities and Exchange Commission on October 4 , 2024</div>
  <div style="font-family: 'Times New Roman';">
    <div style="text-align: right; font-weight: bold;">Registration No. 333-</div>
  </div>
  <div style="text-align: center; font-size: 12pt; font-weight: bold;">
    <hr style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; margin-left: auto; margin-right: auto;" align="center">
    <div style="font-size: 14pt;"><font style="font-family: 'Times New Roman';">UNITED STATES</font></div>
  </div>
  <font style="font-size: 14pt;"> </font>
  <div style="text-align: center; font-family: 'Times New Roman'; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold; font-size: 12pt;">Washington, D.C. 20549</div>
  <div style="font-family: 'Times New Roman';"><br>
  </div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-size: 18pt; font-weight: bold;">FORM S-8</div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">REGISTRATION STATEMENT</div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">UNDER</div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-style: italic; font-weight: bold;">THE SECURITIES ACT OF 1933</div>
  <div style="font-family: 'Times New Roman';"><br>
  </div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-size: 24pt; font-weight: bold;">FrontView REIT, Inc.</div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">(Exact name of registrant as specified in its charter)</div>
  <div style="font-family: 'Times New Roman';"><br>
  </div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z93a8b739f0d7497682096ecebdda92ed" border="0" cellpadding="0" cellspacing="0">

      <tr>
        <td style="width: 50%; vertical-align: top; text-align: center; font-weight: bold;" rowspan="1">Maryland</td>
        <td style="width: 50%; vertical-align: top;" rowspan="1">
          <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">93-2133671</div>
        </td>
      </tr>
      <tr>
        <td style="width: 50%; vertical-align: top;">
          <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">(State or other jurisdiction of</div>
          <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">incorporation or organization)</div>
        </td>
        <td style="width: 50%; vertical-align: top;">
          <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">(I.R.S. Employer</div>
          <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">Identification No.)</div>
        </td>
      </tr>

  </table>
  <div style="font-family: 'Times New Roman';"><br>
  </div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">3131 McKinney Avenue, Suite L10</div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">Dallas, Texas 75204</div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">(Address of Principal Executive Offices) (Zip Code)</div>
  <div style="text-align: center; font-size: 8pt; font-weight: bold;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">FrontView REIT, Inc. 2024 Omnibus Equity and Incentive Plan</div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">(Full title of the plan)</div>
  <div style="text-align: center; font-size: 8pt; font-weight: bold;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">Stephen Preston</div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">Chairman of the Board, Co-Chief Executive Officer and Co-President</div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">3131 McKinney Avenue, Suite L10</div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">Dallas, Texas 75204</div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">(Name and address for agent for service)</div>
  <div style="text-align: center; font-size: 8pt; font-weight: bold;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">(469) 906-7300</div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">(Telephone number, including area code, of agent for service)</div>
  <div style="text-align: center; font-size: 8pt; font-weight: bold;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">Copy to:</div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">Amy L. Blackman, Esq.</div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">Fried, Frank, Harris, Shriver &amp; Jacobson LLP</div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">One New York Plaza</div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">New York, NY 10004-1980</div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">(212) 859-8000</div>
  <div style="text-align: center; font-size: 8pt; font-weight: bold;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <div style="text-align: justify; font-family: 'Times New Roman';">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See
    the definitions of &#8220;large accelerated filer,&#8221; &#8220;accelerated filer,&#8221; &#8220;smaller reporting company,&#8221; and &#8220;emerging growth company&#8221; in Rule 12b-2 of the Exchange Act.</div>
  <div style="text-align: justify; font-size: 8pt;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="zcb3e8d4418544e5987aa7b4f26cf048e" cellpadding="0" cellspacing="0">

      <tr>
        <td style="width: 16.6%; vertical-align: top; font-family: 'Times New Roman';">
          <div>Large accelerated filer</div>
        </td>
        <td style="width: 32%; vertical-align: top; font-family: 'Times New Roman';"> &#9744; </td>
        <td style="width: 47.57%; vertical-align: top; font-family: 'Times New Roman';">
          <div>Accelerated filer</div>
        </td>
        <td style="width: 3.83%; vertical-align: top; font-family: 'Times New Roman';">
          <div>&#9744;</div>
        </td>
      </tr>
      <tr>
        <td style="width: 16.6%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 32%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 47.57%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 3.83%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
      </tr>
      <tr>
        <td style="width: 16.6%; vertical-align: top; font-family: 'Times New Roman';">
          <div>Non-accelerated filer</div>
        </td>
        <td style="width: 32%; vertical-align: top; font-family: 'Times New Roman';">
          <div>&#9746;</div>
        </td>
        <td style="width: 47.57%; vertical-align: top; font-family: 'Times New Roman';">
          <div>Smaller reporting company</div>
        </td>
        <td style="width: 3.83%; vertical-align: top; font-family: 'Times New Roman';">
          <div>&#9744;</div>
        </td>
      </tr>
      <tr>
        <td style="width: 16.6%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 32%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 47.57%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 3.83%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
      </tr>
      <tr>
        <td style="width: 16.6%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 32%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 47.57%; vertical-align: top; font-family: 'Times New Roman';">
          <div>Emerging growth company</div>
        </td>
        <td style="width: 3.83%; vertical-align: top; font-family: 'Times New Roman';">
          <div>&#9746;</div>
        </td>
      </tr>

  </table>
  <div style="font-family: 'Times New Roman';"> <br>
  </div>
  <div style="font-family: 'Times New Roman';">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 7(a)(2)(B) of the Securities Act.&#8194;&#9744;</div>
  <div style="font-family: 'Times New Roman';"> <br>
  </div>
  <div style="font-size: 8pt;"><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font>
    <hr style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;" align="center"></div>
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  </div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">PART I</div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</div>
  <div style="text-align: center; font-size: 12pt; font-weight: bold;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <div style="text-align: justify; font-family: 'Times New Roman';">The information called for in Part I of Form S-8 to be contained in the Section 10(a) prospectus is not being filed with or included in this Registration Statement (by incorporation by
    reference or otherwise) in accordance with the rules and regulations of the Securities and Exchange Commission (the &#8220;SEC&#8221;). The documents containing the information specified in Part I of Form S-8 will be delivered to the participants in the equity
    benefit plan covered by this Registration Statement as specified by Rule 428(b)(1) under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;).</div>
  <div style="text-align: justify; font-size: 12pt;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">PART II</div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</div>
  <div style="text-align: center; font-size: 12pt; font-weight: bold;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <div style="text-align: justify; font-family: 'Times New Roman';">References in this Registration Statement to &#8220;we,&#8221; &#8220;us,&#8221; &#8220;our,&#8221; the &#8220;Registrant,&#8221; and the &#8220;Company,&#8221; or similar references, refer to FrontView REIT, Inc., a Maryland corporation, unless
    otherwise stated or the context otherwise requires.</div>
  <div style="text-align: justify; font-size: 12pt;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" id="z89fbad094b434c15b59f9383cf5fcb38" class="DSPFListTable" cellpadding="0" cellspacing="0">

        <tr style="vertical-align: top;">
          <td style="text-align: right; vertical-align: top; width: 45pt;">
            <div style="font-weight: bold; text-align: left;">Item 3.</div>
          </td>
          <td style="text-align: left; vertical-align: top; width: auto;">
            <div style="font-weight: bold;">Incorporation of Documents by Reference.</div>
          </td>
        </tr>

    </table>
  </div>
  <div style="font-size: 12pt; font-weight: bold;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <div style="text-align: justify; font-family: 'Times New Roman';">The SEC allows us to incorporate by reference the information we file with them, which means that we can disclose important information to you by referring you to those documents. The
    information incorporated by reference is considered to be part of this Registration Statement, and later information filed with the SEC will update and supersede this information. The following documents, which have been filed by the Registrant with
    the SEC pursuant to the Securities Act or the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), as applicable, are incorporated by reference in, and shall be deemed to be a part of, this Registration Statement:</div>
  <div style="text-align: justify; font-size: 12pt;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd12611b6b557431a90d73c48f649edfd" cellpadding="0" cellspacing="0">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman';">(a)</td>
        <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman';">
          <div>the Registrant&#8217;s Registration Statement on Form S-11 filed with the SEC on September 9, 2024, as amended (<a href="https://www.sec.gov/Archives/edgar/data/1988494/000114036124040627/ny20009871x12_s11.htm">File No. 333-282015</a>), which
            contains the Registrant&#8217;s audited financial statements for the latest fiscal year for which such statements have been filed&#894;</div>
        </td>
      </tr>

  </table>
  <div> <font style="font-family: 'Times New Roman';"><br>
    </font></div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze30f6b885d8d4f4eabac878c2088d2d0" cellpadding="0" cellspacing="0">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman';">(b)</td>
        <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman';">
          <div> the prospectus dated October 1, 2024, filed with the SEC on October 2, 2024 pursuant to Rule 424(b) under the Securities Act, relating to the Registration Statement on Form S-11, as amended (<a href="https://www.sec.gov/Archives/edgar/data/1988494/000114036124042577/ny20036129x12_424b4.htm">File No. 333-282015</a>)&#894; and<br>
          </div>
        </td>
      </tr>

  </table>
  <font style="font-family: 'Times New Roman';"><br>
  </font>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z7580989511be44c58c484dd343139ef4" cellpadding="0" cellspacing="0">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman';">(c)</td>
        <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman';">
          <div>the description of the Registrant&#8217;s common stock, $0.01 par value per share, contained in the Registrant&#8217;s Registration Statement on Form 8-A (<a href="https://www.sec.gov/Archives/edgar/data/1988494/000114036124042511/ny20036129x3_8a12b.htm">File No.&#160;001-42301</a>) , filed with the SEC under Section 12(b) of the Exchange Act on October 2, 2024, including any amendment or report
            filed for the purpose of updating such description.</div>
        </td>
      </tr>

  </table>
  <div> <font style="font-family: 'Times New Roman';"><br>
    </font></div>
  <div style="text-align: justify; font-family: 'Times New Roman';">All reports and other documents subsequently filed by the Registrant with the SEC pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act after the date hereof and prior to the
    filing of a post-effective amendment, which indicates that all securities offered pursuant to this Registration Statement have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein
    and to be a part hereof from the date of filing of such documents or reports&#894; except as to any portion of any future report or document that is not deemed filed under such provisions. </div>
  <br>
  <div> </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
    <div style="page-break-after: always;" class="BRPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify; font-family: 'Times New Roman';">For purposes of this Registration Statement, any document or any statement contained in a document incorporated or deemed to be incorporated herein by reference shall be deemed to be
    modified or superseded to the extent that a subsequently filed document or a statement contained therein, or in any other subsequently filed document which also is or is deemed to be incorporated by reference, modifies or supersedes such document or
    such statement in such document. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.</div>
  <div style="text-align: justify; font-size: 12pt;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <div style="text-align: justify; font-family: 'Times New Roman';">Under no circumstances shall any information furnished under Items 2.02 or 7.01 of Form 8-K, and exhibits furnished on such form that relate to such items, be deemed incorporated herein by
    reference unless such Form 8-K expressly provides to the contrary.</div>
  <div style="text-align: justify; font-size: 12pt;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" id="z0ff304279cfb4774a16543af710aae13" class="DSPFListTable" cellpadding="0" cellspacing="0">

        <tr style="vertical-align: top;">
          <td style="text-align: right; vertical-align: top; width: 45pt;">
            <div style="font-weight: bold; text-align: left;">Item 4.</div>
          </td>
          <td style="text-align: left; vertical-align: top; width: auto;">
            <div style="font-weight: bold;">Description of Securities</div>
          </td>
        </tr>

    </table>
  </div>
  <div style="font-size: 12pt; font-weight: bold;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <div style="text-align: justify; font-family: 'Times New Roman';">Not applicable.</div>
  <div style="text-align: justify; font-size: 12pt;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" id="z6dfdc0a11922420b8dc9c41328c43a6a" class="DSPFListTable" cellpadding="0" cellspacing="0">

        <tr style="vertical-align: top;">
          <td style="text-align: right; vertical-align: top; width: 45pt;">
            <div style="font-weight: bold; text-align: left;">Item 5.</div>
          </td>
          <td style="text-align: left; vertical-align: top; width: auto;">
            <div style="font-weight: bold;">Interest of Named Experts and Counsel</div>
          </td>
        </tr>

    </table>
  </div>
  <div style="font-size: 12pt; font-weight: bold;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <div style="text-align: justify; font-family: 'Times New Roman';">Not applicable.</div>
  <div style="text-align: justify; font-size: 12pt;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" id="z867e0c5585ac4d249ba8ca7db37bf655" class="DSPFListTable" cellpadding="0" cellspacing="0">

        <tr style="vertical-align: top;">
          <td style="text-align: right; vertical-align: top; width: 45pt;">
            <div style="font-weight: bold; text-align: left;">Item 6.</div>
          </td>
          <td style="text-align: left; vertical-align: top; width: auto;">
            <div style="font-weight: bold;">Indemnification of Directors and Officers</div>
          </td>
        </tr>

    </table>
  </div>
  <div style="text-align: justify; font-family: 'Times New Roman';"> <br>
  </div>
  <div style="text-align: justify; font-family: 'Times New Roman';">Maryland law permits a Maryland corporation to include in its charter a provision limiting the liability of its directors and officers to the corporation and its stockholders for money
    damages, except for liability resulting from (a) actual receipt of an improper benefit or profit in money, property or services or (b) active and deliberate dishonesty that is established by a final judgment and that is material to the cause of action.
    The charter of the Company, contains a provision that eliminates the liability of our directors and officers to the maximum extent permitted by Maryland law.</div>
  <div style="text-align: justify; font-size: 12pt;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <div style="text-align: justify; font-family: 'Times New Roman';">The Maryland General Corporation Law (the &#8220;MGCL&#8221;) requires us (unless our charter provides otherwise, which our charter does not) to indemnify a director or officer who has been
    successful, on the merits or otherwise, in the defense of any proceeding to which he or she is made or threatened to be made a party by reason of his or her service in that capacity. The MGCL permits us to indemnify our present and former directors and
    officers, among others, against judgments, penalties, fines, settlements and reasonable expenses actually incurred by them in connection with any proceeding to which they may be made or threatened to be made a party to, or witness in, by reason of
    their service in those or other capacities unless it is established that:</div>
  <div style="text-align: justify; font-size: 12pt;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z84fcbfb44abf4c81a0116fedf3f8b8d4" cellpadding="0" cellspacing="0">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman';">
          <div>the act or omission of the director or officer was material to the matter giving rise to the proceeding and (i) was committed in bad faith or (ii) was the result of active and deliberate dishonesty&#894;</div>
        </td>
      </tr>

  </table>
  <div> <font style="font-family: 'Times New Roman';"><br>
    </font></div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z099cba70afdb4cf0b602a795a23d8ddb" cellpadding="0" cellspacing="0">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman';">
          <div>the director or officer actually received an improper personal benefit in money, property or services&#894; or</div>
        </td>
      </tr>

  </table>
  <div> <font style="font-family: 'Times New Roman';"><br>
    </font></div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5699c2e260524285870dc94db1d49853" cellpadding="0" cellspacing="0">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman';">
          <div>in the case of any criminal proceeding, the director or officer had reasonable cause to believe that the act or omission was unlawful.</div>
        </td>
      </tr>

  </table>
  <div> <font style="font-family: 'Times New Roman';"><br>
    </font></div>
  <div style="text-align: justify; font-family: 'Times New Roman';">Under the MGCL, we may not indemnify a director or officer for an adverse judgment in a suit by us or in our right or if the director or officer was adjudged liable on the basis that
    personal benefit was improperly received, unless, in either case, a court orders indemnification, and then only for expenses. A court may order indemnification if it determines that the director or officer is fairly and reasonably entitled to
    indemnification, even though the director or officer did not meet the prescribed standard of conduct or was adjudged liable on the basis that personal benefit was improperly received. However, indemnification for an adverse judgment in a suit by us or
    in our right, or for a judgment of liability on the basis that personal benefit was improperly received, is limited to expenses.</div>
  <div style="text-align: justify; font-family: 'Times New Roman';"> <br>
  </div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
    <div style="page-break-after: always;" class="BRPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div style="text-align: justify; font-family: 'Times New Roman';">In addition, the MGCL permits us to advance reasonable expenses to a director or officer upon our receipt of:</div>
  <div style="text-align: justify; font-size: 12pt;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze406626f43444ccaa59b8ed10556b762" cellpadding="0" cellspacing="0">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman';">
          <div>a written affirmation by the director or officer of his or her good faith belief that he or she has met the standard of conduct necessary for indemnification by us&#894; and</div>
        </td>
      </tr>

  </table>
  <div> <font style="font-family: 'Times New Roman';"><br>
    </font></div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="za4c9156b2e1949679e4a1bf7358c0855" cellpadding="0" cellspacing="0">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman';">
          <div>a written undertaking, which may be unsecured, by or on behalf of the director or officer to repay the amount paid or reimbursed by us if it is ultimately determined that the director or officer did not meet the standard of conduct.</div>
        </td>
      </tr>

  </table>
  <div> <font style="font-family: 'Times New Roman';"><br>
    </font></div>
  <div style="text-align: justify; font-family: 'Times New Roman';">Our charter requires us, to the maximum extent permitted by Maryland law in effect from time to time, to indemnify and, without requiring a preliminary determination of the ultimate
    entitlement to indemnification, pay or reimburse reasonable expenses in advance of final disposition of a proceeding to:</div>
  <div style="text-align: justify; font-size: 12pt;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z9e520d16d5654025817a49f2bf83bb99" cellpadding="0" cellspacing="0">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman';">
          <div>any present or former director or officer who is made or threatened to be made a party to, or witness in, a proceeding by reason of his or her service in that capacity&#894; or</div>
        </td>
      </tr>

  </table>
  <div> <font style="font-family: 'Times New Roman';"><br>
    </font></div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z8bba020cd762474781a37d75a02c7383" cellpadding="0" cellspacing="0">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman';">&#8226;</td>
        <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman';">
          <div>any individual who, while a director or officer of the Company and at our request, serves or has served as a director, officer, partner, trustee, employee, agent, member or manager of another corporation, real estate investment trust,
            limited liability company, partnership, joint venture, trust, employee benefit plan or any other enterprise and who is made or threatened to be made a party to, or witness in, the proceeding by reason of his or her service in that capacity.</div>
        </td>
      </tr>

  </table>
  <div> <font style="font-family: 'Times New Roman';"><br>
    </font></div>
  <div style="text-align: justify; font-family: 'Times New Roman';">Our charter also permits us, with the approval of our board of directors, to indemnify and advance expenses to any person who served a predecessor of ours in any of the capacities
    described above and to any employee or agent of the Company or a predecessor of the Company.</div>
  <div style="text-align: justify; font-size: 12pt;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <div style="text-align: justify; font-family: 'Times New Roman';">We have entered into indemnification agreements with each of our directors and executive officers that provide for indemnification to the maximum extent permitted by Maryland law.</div>
  <div style="text-align: justify; font-size: 12pt;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <div style="text-align: justify; font-family: 'Times New Roman';">In addition, our directors and officers may be entitled to indemnification pursuant to the terms of the partnership agreement of FrontView Operating Partnership LP, our operating
    partnership.</div>
  <div style="text-align: justify; font-size: 12pt;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" id="z515ff1e802e44ad3a62656b906093d51" class="DSPFListTable" cellpadding="0" cellspacing="0">

        <tr style="vertical-align: top;">
          <td style="text-align: right; vertical-align: top; width: 45pt;">
            <div style="font-weight: bold; text-align: left;">Item 7.</div>
          </td>
          <td style="text-align: left; vertical-align: top; width: auto;">
            <div style="font-weight: bold;">Exemption from Registration Claimed</div>
          </td>
        </tr>

    </table>
  </div>
  <div style="font-size: 12pt; font-weight: bold;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <div style="font-family: 'Times New Roman';">Not applicable.</div>
  <div style="font-size: 12pt;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
    <div style="page-break-after: always;" class="BRPFPageBreak">
      <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
  </div>
  <div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" id="z6c119052937c4920843294bdfb739228" class="DSPFListTable" cellpadding="0" cellspacing="0">

        <tr style="vertical-align: top;">
          <td style="text-align: right; vertical-align: top; width: 45pt;">
            <div style="font-weight: bold; text-align: left;">Item 8.</div>
          </td>
          <td style="text-align: left; vertical-align: top; width: auto;">
            <div style="font-weight: bold;">Exhibits.</div>
          </td>
        </tr>

    </table>
  </div>
  <div style="font-size: 12pt; font-weight: bold;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <div style="font-family: 'Times New Roman';">The following are the exhibits required by Item 601 of Regulation S-K:</div>
  <div style="font-size: 12pt;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <table style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" id="z304b8d8abc2e48129060a11f33690459" border="0" cellpadding="0" cellspacing="0">

      <tr>
        <td style="width: 8%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 47%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td colspan="3" style="vertical-align: bottom; font-family: 'Times New Roman';">
          <div style="text-align: center; font-weight: bold;">Incorporated by Reference</div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: bottom; font-family: 'Times New Roman';">
          <div style="text-align: center; font-weight: bold;">Exhibit Number</div>
        </td>
        <td style="width: 47%; vertical-align: bottom;">
          <div style="font-family: 'Times New Roman', Times, serif; font-size: 12pt;"> <font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">Description</font> </div>
        </td>
        <td style="width: 10.01%; vertical-align: bottom; font-family: 'Times New Roman';">
          <div style="text-align: center; font-weight: bold;">Form</div>
        </td>
        <td style="width: 13%; vertical-align: bottom; font-family: 'Times New Roman';">
          <div style="text-align: center; font-weight: bold;">File No</div>
        </td>
        <td style="width: 10.01%; vertical-align: bottom; font-family: 'Times New Roman';">
          <div style="text-align: center; font-weight: bold;">Exhibit</div>
        </td>
        <td style="width: 12.47%; vertical-align: bottom;">
          <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">Filing </div>
          <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">Date</div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: bottom; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 47%; vertical-align: bottom;" rowspan="1">&#160;</td>
        <td style="width: 10.01%; vertical-align: bottom; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 13%; vertical-align: bottom; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 10.01%; vertical-align: bottom; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 12.47%; vertical-align: bottom;" rowspan="1">&#160;</td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">
          <div><a href="https://www.sec.gov/Archives/edgar/data/1988494/000114036124040627/ny20009871x12_ex3-1.htm">4.1</a></div>
        </td>
        <td style="width: 47%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">
          <div>Articles of Amendment and Restatement of FrontView REIT, Inc.</div>
        </td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">
          <div style="text-align: center;">S-11</div>
        </td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">
          <div style="text-align: center;">333-282015</div>
        </td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">
          <div style="text-align: center;">3.1</div>
        </td>
        <td style="width: 12.47%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">
          <div style="text-align: center;">September 9, 2024</div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 47%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman'; text-align: center;" rowspan="1">&#160;</td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman'; text-align: center;" rowspan="1">&#160;</td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman'; text-align: center;" rowspan="1">&#160;</td>
        <td style="width: 12.47%; vertical-align: top; font-family: 'Times New Roman'; text-align: center;" rowspan="1">&#160;</td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">
          <div><a href="https://www.sec.gov/Archives/edgar/data/1988494/000114036124040627/ny20009871x12_ex3-2.htm">4.2</a></div>
        </td>
        <td style="width: 47%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">
          <div>Amended and Restated Bylaws of FrontView REIT, Inc.</div>
        </td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">
          <div style="text-align: center;">S-11</div>
        </td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">
          <div style="text-align: center;">333-282015</div>
        </td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">
          <div style="text-align: center;">3.2</div>
        </td>
        <td style="width: 12.47%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">
          <div style="text-align: center;">September 9, 2024</div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 47%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman'; text-align: center;" rowspan="1">&#160;</td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman'; text-align: center;" rowspan="1">&#160;</td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman'; text-align: center;" rowspan="1">&#160;</td>
        <td style="width: 12.47%; vertical-align: top; font-family: 'Times New Roman'; text-align: center;" rowspan="1">&#160;</td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">
          <div><a href="https://www.sec.gov/Archives/edgar/data/1988494/000114036124040627/ny20009871x12_ex4-1.htm">4.3</a></div>
        </td>
        <td style="width: 47%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">
          <div>Form of Common Stock Certificate of FrontView REIT, Inc.</div>
        </td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">
          <div style="text-align: center;">S-11</div>
        </td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">
          <div style="text-align: center;">333-282015</div>
        </td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">
          <div style="text-align: center;">4.1</div>
        </td>
        <td style="width: 12.47%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">
          <div style="text-align: center;">September 9, 2024</div>
        </td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 47%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 12.47%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">
          <div><a href="ny20036129x13_ex5-1.htm">5.1*</a></div>
        </td>
        <td style="width: 47%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">
          <div>Opinion of Venable LLP.</div>
        </td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
        <td style="width: 12.47%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 47%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 12.47%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">
          <div><a href="ny20036129x13_ex23-1.htm">23.1*</a></div>
        </td>
        <td style="width: 47%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">
          <div>Consent of KPMG LLP.</div>
        </td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
        <td style="width: 12.47%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 47%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 12.47%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">
          <div><a href="ny20036129x13_ex5-1.htm">23.2*</a></div>
        </td>
        <td style="width: 47%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">
          <div>Consent of Venable LLP (included in Exhibit 5.1).</div>
        </td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
        <td style="width: 12.47%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 47%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 12.47%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">
          <div><a href="#SIGNATURES">24.1*</a></div>
        </td>
        <td style="width: 47%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">
          <div>Power of Attorney (included on the signature page to the Registration Statement).</div>
        </td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
        <td style="width: 12.47%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 47%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 12.47%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">
          <div><a href="ny20036129x13_ex99-1.htm">99.1*&#8224;</a></div>
        </td>
        <td style="width: 47%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">
          <div>FrontView REIT, Inc. 2024 Omnibus Equity and Incentive Plan.</div>
        </td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
        <td style="width: 12.47%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 47%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
        <td style="width: 12.47%; vertical-align: top; font-family: 'Times New Roman';" rowspan="1">&#160;</td>
      </tr>
      <tr>
        <td style="width: 8%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">
          <div><a href="ny20036129x13_ex107.htm">107*</a></div>
        </td>
        <td style="width: 47%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">
          <div>Filing Fee Table.</div>
        </td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
        <td style="width: 13%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
        <td style="width: 10.01%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
        <td style="width: 12.47%; vertical-align: top; font-family: 'Times New Roman'; background-color: rgb(204, 238, 255);">&#160;</td>
      </tr>

  </table>
  <div style="font-family: 'Times New Roman';"><br>
  </div>
  <div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" id="z4f68081f86ad417292d2c0f28de987f6" class="DSPFListTable" cellpadding="0" cellspacing="0">

        <tr style="vertical-align: top;">
          <td style="text-align: right; vertical-align: top; width: 9pt;">
            <div style="text-align: left;">*</div>
          </td>
          <td style="text-align: left; vertical-align: top; width: auto;">
            <div>Filed herewith.</div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" id="z178cc77bb7c542c8979327f45f713e66" class="DSPFListTable" cellpadding="0" cellspacing="0">

        <tr style="vertical-align: top;">
          <td style="text-align: right; vertical-align: top; width: 9pt;">
            <div style="text-align: left;">&#8224;</div>
          </td>
          <td style="text-align: left; vertical-align: top; width: auto;">
            <div>Indicates management contract or compensatory plan.</div>
          </td>
        </tr>

    </table>
  </div>
  <div style="font-size: 12pt;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" id="zb2151554c22e44308c6c9530dae03e2f" class="DSPFListTable" cellpadding="0" cellspacing="0">

        <tr style="vertical-align: top;">
          <td style="text-align: right; vertical-align: top; width: 45pt;">
            <div style="font-weight: bold; text-align: left;">Item 9.</div>
          </td>
          <td style="text-align: left; vertical-align: top; width: auto;">
            <div style="font-weight: bold;">Undertakings.</div>
          </td>
        </tr>

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  </div>
  <div style="font-size: 12pt; font-weight: bold;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z1d7277ebd73c4de7a02a548ba2ea8779" cellpadding="0" cellspacing="0">

      <tr>
        <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman';">(a)</td>
        <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman';">
          <div>The undersigned Registrant hereby undertakes:</div>
        </td>
      </tr>

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  <div> <font style="font-family: 'Times New Roman';"><br>
    </font></div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf519df2cafde4374bd47fad95bd010d8" cellpadding="0" cellspacing="0">

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        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman';">(1)</td>
        <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman';">
          <div>To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:</div>
        </td>
      </tr>

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  <div> <font style="font-family: 'Times New Roman';"><br>
    </font></div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z9d109b0423924f5bb7aab0c7dc4a84be" cellpadding="0" cellspacing="0">

      <tr>
        <td style="width: 72pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman';">(i)</td>
        <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman';">
          <div>To include any prospectus required by Section 10(a)(3) of the Securities Act&#894;</div>
        </td>
      </tr>

  </table>
  <font style="font-family: 'Times New Roman';"><br>
  </font>
  <div> </div>
  <div style="font-family: 'Times New Roman';"> <br>
  </div>
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    <div style="page-break-after: always;" class="BRPFPageBreak">
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      <tr>
        <td style="width: 72pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman';">(ii)</td>
        <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman';">
          <div>To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post- effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in
            the information set forth in the Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and
            any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more
            than a 20% change in the maximum aggregate offering price set forth in the &#8220;Calculation of Filing Fee Tables&#8221; or &#8220;Calculation of Registration Fee&#8221; table, as applicable, in the effective registration statement&#894;</div>
        </td>
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  <div> <font style="font-family: 'Times New Roman';"><br>
    </font></div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zc65c1940f98241998f78928e0b4db5c9" cellpadding="0" cellspacing="0">

      <tr>
        <td style="width: 72pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman';">(iii)</td>
        <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman';">
          <div>To include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement&#894;</div>
        </td>
      </tr>

  </table>
  <div> <font style="font-family: 'Times New Roman';"><br>
    </font></div>
  <div style="text-align: justify; font-size: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">provided, however</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">, that paragraphs (a)(1)(i) and
      (a)(1)(ii) of this section do not apply if the registration statement is on Form S-8, and the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the
      Commission by the Company pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the Registration Statement.</font></div>
  <div style="text-align: justify; font-size: 12pt;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z1d9b8dff63af4a169b88355fc610d4a1" cellpadding="0" cellspacing="0">

      <tr>
        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman';">(2)</td>
        <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman';">
          <div>That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such
            securities at that time shall be deemed to be the initial bona fide offering thereof.</div>
        </td>
      </tr>

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    </font></div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z85a98865451f45018bcbba1517b21f01" cellpadding="0" cellspacing="0">

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        <td style="width: 36pt; font-family: 'Times New Roman';"><br>
        </td>
        <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman';">(3)</td>
        <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman';">
          <div>To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</div>
        </td>
      </tr>

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  <div> <font style="font-family: 'Times New Roman';"><br>
    </font></div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze9b49181b9274f23994e82ac6cc61a6e" cellpadding="0" cellspacing="0">

      <tr>
        <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman';">(b)</td>
        <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman';">
          <div>The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant&#8217;s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where
            applicable, each filing of an employee benefit plan&#8217;s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the Registration Statement shall be deemed to be a new registration statement relating to
            the securities offered herein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</div>
        </td>
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  <div> <font style="font-family: 'Times New Roman';"><br>
    </font></div>
  <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z376aaef192c04992afa68e5a0f091ec3" cellpadding="0" cellspacing="0">

      <tr>
        <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman';">(c)</td>
        <td style="width: auto; vertical-align: top; text-align: justify; font-family: 'Times New Roman';">
          <div>Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised
            that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the
            payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in
            connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such
            indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</div>
        </td>
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    </font></div>
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  </div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">SIGNATURES<a name="SIGNATURES"><!--Anchor--></a></div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;"> <br>
  </div>
  <div style="text-align: justify; font-family: 'Times New Roman';">Pursuant to the requirements of the Securities Act, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has
    duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Dallas, State of Texas, on October 4, 2024. </div>
  <div style="text-align: justify; font-size: 12pt;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <table style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" id="zff33701e88124bec95af265e45cf2919" border="0" cellpadding="0" cellspacing="0">

      <tr>
        <td style="width: 50%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td colspan="2" style="vertical-align: top; font-family: 'Times New Roman';">
          <div>FrontView REIT, Inc.</div>
        </td>
      </tr>
      <tr>
        <td style="width: 50%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 3%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 47%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
      </tr>
      <tr>
        <td style="width: 50%; vertical-align: top; font-family: 'Times New Roman'; padding-bottom: 2px;">&#160;</td>
        <td style="width: 3%; vertical-align: top; font-family: 'Times New Roman'; border-bottom: 2px solid rgb(0, 0, 0);">
          <div>By:</div>
        </td>
        <td style="width: 47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
          <div style="font-family: 'Times New Roman', Times, serif; font-size: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">/s/</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> Timothy
              Dieffenbacher</font></div>
        </td>
      </tr>

  </table>
  <table style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" border="0" cellpadding="0" cellspacing="0">

      <tr>
        <td style="width: 50%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 5%; vertical-align: top; font-family: 'Times New Roman';">
          <div>Name:</div>
        </td>
        <td style="width: 45%; vertical-align: top; font-family: 'Times New Roman';">
          <div>Timothy Dieffenbacher</div>
        </td>
      </tr>
      <tr>
        <td style="width: 50%; vertical-align: top; font-family: 'Times New Roman';">&#160;</td>
        <td style="width: 5%; vertical-align: top; font-family: 'Times New Roman';">
          <div>Title:</div>
        </td>
        <td style="width: 45%; vertical-align: top; font-family: 'Times New Roman';">
          <div>Chief Financial Officer, Secretary and Treasurer</div>
        </td>
      </tr>

  </table>
  <div style="font-family: 'Times New Roman';"><br>
  </div>
  <div style="text-align: center; font-family: 'Times New Roman'; font-weight: bold;">POWER OF ATTORNEY</div>
  <div style="text-align: center; font-size: 12pt; font-weight: bold;"> <font style="font-family: 'Times New Roman'; font-size: 10pt;"><br>
    </font></div>
  <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman';">KNOW ALL BY THESE PRESENTS, that each of the undersigned directors and officers of FrontView REIT, Inc. constitutes and appoints each of Stephen Preston, Randall Starr,
    Timothy Dieffenbacher and Drew Ireland, or any of them, each acting alone, as his or her true and lawful attorney-in-fact and agent, with full powers of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and
    all capacities, to sign this Registration Statement and any or all amendments, including post-effective amendments to this Registration Statement, including a prospectus or an amended prospectus therein and any registration statement for the same
    offering that is to be effective upon filing pursuant to Rule 462 under the Securities Act, and all other documents in connection therewith to be filed with the SEC, granting unto said attorneys-in-fact and agents, and each of them, acting alone, full
    power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that
    said attorneys-in-fact as agents or any of them, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.</div>
  <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman';"> <br>
  </div>
  <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman';">Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons in the capacities and on the date indicated.</div>
  <div style="font-family: 'Times New Roman';"><br>
  </div>
  <div style="font-family: 'Times New Roman';">
    <table style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);" id="z93ab2be3b6294cc28203fa114b6bc01d" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 38%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">Signature</div>
          </td>
          <td style="width: 40%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">Title</div>
          </td>
          <td style="width: 22%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">Date</div>
          </td>
        </tr>
        <tr>
          <td style="width: 38%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 40%; vertical-align: top;" rowspan="1">&#160;</td>
          <td style="width: 22%; vertical-align: top;" rowspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 38%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify;">/s/ Stephen Preston</div>
          </td>
          <td rowspan="2" style="width: 40%; vertical-align: top;">
            <div style="text-align: center;">Chairman of the Board, Co-Chief Executive Officer and Co-President (Co-Principal Executive Officer)</div>
          </td>
          <td rowspan="2" style="width: 22%; vertical-align: top;">
            <div style="text-align: center;"> October 4, 2024 </div>
          </td>
        </tr>
        <tr>
          <td style="width: 38%; vertical-align: top;">
            <div style="text-align: justify;">Stephen Preston</div>
          </td>
        </tr>
        <tr>
          <td style="width: 38%; vertical-align: top;" rowspan="1">&#160;</td>
          <td rowspan="1" style="width: 40%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 22%; vertical-align: top;"> &#160; </td>
        </tr>
        <tr>
          <td style="width: 38%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify;">/s/ Randall Starr</div>
          </td>
          <td rowspan="2" style="width: 40%; vertical-align: top;">
            <div style="text-align: center;">Co-Chief Executive Officer and Co-President (Co-Principal Executive Officer)</div>
          </td>
          <td rowspan="2" style="width: 22%; vertical-align: top;">
            <div style="text-align: center;"> October 4, 2024 </div>
          </td>
        </tr>
        <tr>
          <td style="width: 38%; vertical-align: top;">
            <div style="text-align: justify;">Randall Starr</div>
          </td>
        </tr>
        <tr>
          <td style="width: 38%; vertical-align: top;" rowspan="1">&#160;</td>
          <td rowspan="1" style="width: 40%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 22%; vertical-align: top;"> &#160; </td>
        </tr>
        <tr>
          <td style="width: 38%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify;">/s/ Timothy Dieffenbacher</div>
          </td>
          <td rowspan="2" style="width: 40%; vertical-align: top;">
            <div style="text-align: center;">Chief Financial Officer, Secretary and Treasurer (Principal Financial Officer and Principal Accounting Officer)</div>
          </td>
          <td rowspan="2" style="width: 22%; vertical-align: top;">
            <div style="text-align: center;"> October 4, 2024 </div>
          </td>
        </tr>
        <tr>
          <td style="width: 38%; vertical-align: top;">
            <div style="text-align: justify;">Timothy Dieffenbacher</div>
          </td>
        </tr>
        <tr>
          <td style="width: 38%; vertical-align: top;" rowspan="1">&#160;</td>
          <td rowspan="1" style="width: 40%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 22%; vertical-align: top;"> &#160; </td>
        </tr>
        <tr>
          <td style="width: 38%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify;">/s/ Elizabeth Frank</div>
          </td>
          <td rowspan="2" style="width: 40%; vertical-align: top;">
            <div style="text-align: center;">Director</div>
          </td>
          <td rowspan="2" style="width: 22%; vertical-align: top;">
            <div style="text-align: center;"> October 4, 2024 </div>
          </td>
        </tr>
        <tr>
          <td style="width: 38%; vertical-align: top;">
            <div style="text-align: justify;">Elizabeth Frank</div>
          </td>
        </tr>
        <tr>
          <td style="width: 38%; vertical-align: top;" rowspan="1">&#160;</td>
          <td rowspan="1" style="width: 40%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 22%; vertical-align: top;"> &#160; </td>
        </tr>
        <tr>
          <td style="width: 38%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify;">/s/ Robert S. Green</div>
          </td>
          <td rowspan="2" style="width: 40%; vertical-align: top;">
            <div style="text-align: center;">Director</div>
          </td>
          <td rowspan="2" style="width: 22%; vertical-align: top;">
            <div style="text-align: center;"> October 4, 2024 </div>
          </td>
        </tr>
        <tr>
          <td style="width: 38%; vertical-align: top;">
            <div style="text-align: justify;">Robert S. Green</div>
          </td>
        </tr>
        <tr>
          <td style="width: 38%; vertical-align: top;" rowspan="1">&#160;</td>
          <td rowspan="1" style="width: 40%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 22%; vertical-align: top;"> &#160; </td>
        </tr>
        <tr>
          <td style="width: 38%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify;">/s/ Noelle LeVaux</div>
          </td>
          <td rowspan="2" style="width: 40%; vertical-align: top;">
            <div style="text-align: center;">Director</div>
          </td>
          <td rowspan="2" style="width: 22%; vertical-align: top;">
            <div style="text-align: center;"> October 4, 2024 </div>
          </td>
        </tr>
        <tr>
          <td style="width: 38%; vertical-align: top;">
            <div style="text-align: justify;">Noelle LeVaux</div>
          </td>
        </tr>
        <tr>
          <td style="width: 38%; vertical-align: top;" rowspan="1">&#160;</td>
          <td rowspan="1" style="width: 40%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 22%; vertical-align: top;"> &#160; </td>
        </tr>
        <tr>
          <td style="width: 38%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify;">/s/ Ernesto Perez</div>
          </td>
          <td rowspan="2" style="width: 40%; vertical-align: top;">
            <div style="text-align: center;">Director</div>
          </td>
          <td rowspan="2" style="width: 22%; vertical-align: top;">
            <div style="text-align: center;"> October 4, 2024 </div>
          </td>
        </tr>
        <tr>
          <td style="width: 38%; vertical-align: top;">
            <div style="text-align: justify;">Ernesto Perez</div>
          </td>
        </tr>
        <tr>
          <td style="width: 38%; vertical-align: top;" rowspan="1">&#160;</td>
          <td rowspan="1" style="width: 40%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 22%; vertical-align: top;"> &#160; </td>
        </tr>
        <tr>
          <td style="width: 38%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify;">/s/ Daniel Swanstrom</div>
          </td>
          <td rowspan="2" style="width: 40%; vertical-align: top;">
            <div style="text-align: center;">Director</div>
          </td>
          <td rowspan="2" style="width: 22%; vertical-align: top;">
            <div style="text-align: center;"> October 4, 2024 </div>
          </td>
        </tr>
        <tr>
          <td style="width: 38%; vertical-align: top;">
            <div style="text-align: justify;">Daniel Swanstrom</div>
          </td>
        </tr>

    </table>
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    </div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>ny20036129x13_ex5-1.htm
<DESCRIPTION>EXHIBIT 5.1
<TEXT>
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    <div>
      <div style="text-align: right; font-weight: bold;">Exhibit 5.1</div>
      <div><br>
      </div>
      <table id="ze96c181366a24458ab71d6c36a766440" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" border="0" cellpadding="0" cellspacing="0">

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            <td style="width: 50%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);"><img src="ny20036129x13_ex5-1image01.jpg"></td>
            <td style="width: 50%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: right;">750 E. PRATT STREET&#160; SUITE 900&#160; BALTIMORE, MD 21202</div>
              <div style="text-align: right; font-family: 'Times New Roman', Times, serif;"><font style="font-family: 'Times New Roman'; font-weight: bold;">T</font><font style="font-family: 'Times New Roman';"> 410.244.7400&#160; <font style="font-weight: bold;">F</font> 410.244.7742&#160; www.Venable.com</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: center;"> October 4, 2024 </div>
      <div><br>
      </div>
      <div>
        <div>FrontView REIT, Inc.</div>
        <div>3131 McKinney Ave</div>
        <div>Suite L10</div>
        <div>Dallas, Texas 75204</div>
        <div><br>
        </div>
      </div>
      <table id="zd162851fb4b944459c90a317e5600be0" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" cellpadding="0" cellspacing="0">

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            <td style="width: 72pt;"><br>
            </td>
            <td style="width: 36pt; vertical-align: top;">Re:</td>
            <td style="width: auto; vertical-align: top;">
              <div><u>Registration Statement on Form S-8</u></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div>Ladies and Gentlemen:</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">We have served as Maryland counsel to FrontView REIT, Inc., a Maryland corporation (the &#8220;Company&#8221;), in connection with certain matters of Maryland law relating to the registration by the Company of the offering and
        sale of up to 1,722,719 shares (the &#8220;Shares&#8221;) of common stock, $0.01 par value per share (the &#8220;Common Stock&#8221;), of the Company that the Company may issue pursuant to the FrontView REIT, Inc. 2024 Omnibus Equity and Incentive Plan (the &#8220;Plan&#8221;),
        covered by the above-referenced Registration Statement, and all amendments thereto (the &#8220;Registration Statement&#8221;), filed by the Company with the United States Securities and Exchange Commission (the &#8220;Commission&#8221;) under the Securities Act of 1933,
        as amended (the &#8220;1933 Act&#8221;), on or about the date hereof.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">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;):</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Registration Statement;</div>
      <div style="text-indent: 72pt;"> <br>
      </div>
      <div style="text-indent: 72pt;">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The charter of the Company (the &#8220;Charter&#8221;), certified by the State Department of Assessments and Taxation of Maryland (the &#8220;SDAT&#8221;);</div>
      <div style="text-indent: 72pt;"> <br>
      </div>
      <div style="text-indent: 72pt;">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Amended and Restated Bylaws of the Company, certified as of the date hereof by an officer of the Company;</div>
      <div style="text-indent: 72pt;"> <br>
      </div>
      <div style="text-indent: 72pt;">4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;A certificate of the SDAT as to the good standing of the Company, dated as of a recent date;</div>
      <div style="text-indent: 72pt;"> <br>
      </div>
      <div style="text-indent: 72pt;">5.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Plan, certified as of the date hereof by an officer of the Company;</div>
      <div style="text-indent: 72pt;"> <br>
      </div>
      <div style="text-indent: 72pt;">6.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Resolutions (the &#8220;Resolutions&#8221;) adopted by the Board of Directors of the Company, relating to, among other matters, the registration and issuance of the Shares and the approval of the Plan, certified as of
        the date hereof by an officer of the Company;</div>
      <div style="text-indent: 72pt;"> <br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
      </div>
      <div style="text-indent: 72pt;">
        <div> <br>
        </div>
        <div style="background-color: #FFFFFF; margin: 0px 0px 0px -72pt; color: #000000; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none;"> <img src="ny20036129x13_ex5-1image01.jpg"></div>
        <div style="background-color: #FFFFFF; margin: 0px 0px 0px -72pt; color: #000000; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none;"> <br>
        </div>
        <div style="background-color: #FFFFFF; margin: 0px 0px 0px -72pt; color: #000000; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none;">
          <hr style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto; height: 2px; color: #000000; text-align: center;" align="center" noshade="noshade"></div>
        <div style="background-color: #FFFFFF; margin: 0px 0px 0px -72pt; color: #000000; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none;"> <br>
        </div>
        <div style="background-color: #FFFFFF; margin: 0px 0px 0px -75pt; color: #000000; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none;">FrontView REIT, Inc.</div>
        <div style="background-color: #FFFFFF; margin: 0px 0px 0px -75pt; color: #000000; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none;"> October 4, 2024 </div>
        <div style="background-color: #FFFFFF; margin: 0px 0px 0px -75pt; color: #000000; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none;">Page 2</div>
      </div>
      <div style="text-indent: 72pt;"> <br>
      </div>
      <div style="text-indent: 72pt;"> <br>
      </div>
      <div style="text-indent: 72pt;">7.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Resolutions adopted by the sole stockholder of the Company relating to the approval of the Plan, certified as of the date hereof by an officer of the Company;</div>
      <div style="text-indent: 72pt;"> <br>
      </div>
      <div style="text-indent: 72pt;">8.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;A certificate executed by an officer of the Company, dated as of the date hereof; and</div>
      <div style="text-indent: 72pt;"> <br>
      </div>
      <div style="text-indent: 72pt;">9.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;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.</div>
      <div style="text-indent: 72pt;"> <br>
      </div>
      <div style="text-indent: 72pt;">In expressing the opinion set forth below, we have assumed the following:</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Each individual executing any of the Documents, whether on behalf of such individual or another person, is legally competent to do so.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Each individual executing any of the Documents on behalf of a party (other than the Company) is duly authorized to do so.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;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.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;All Documents submitted to us as originals are authentic.&#160; 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.&#160; All signatures on all Documents are genuine.&#160; All public records reviewed or relied upon by us
        or on our behalf are true and complete.&#160; All representations, warranties, statements and information contained in the Documents are true and complete.&#160; 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.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">5.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;None of the Shares will be issued in violation of any restriction or limitation contained in Article VII of the Charter or the Plan.&#160; Upon any issuance of 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 Charter or the Plan.</div>
      <div><br>
      </div>
      <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div class="BRPFPageBreak" style="page-break-after: always;">
          <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
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      <div style="text-indent: 72pt;">
        <div style="background-color: #FFFFFF; margin: 0px 0px 0px -72pt; color: #000000; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none;"> <img src="ny20036129x13_ex5-1image01.jpg"></div>
        <div style="background-color: #FFFFFF; margin: 0px 0px 0px -72pt; color: #000000; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none;"> <br>
        </div>
        <div style="background-color: #FFFFFF; margin: 0px 0px 0px -72pt; color: #000000; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none;">
          <hr style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto 0px; height: 2px; color: #000000; text-align: center;" align="center" noshade="noshade"></div>
        <div style="background-color: #FFFFFF; margin: 0px 0px 0px -72pt; color: #000000; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none;"> <br>
        </div>
        <div style="background-color: #FFFFFF; margin: 0px 0px 0px -75pt; color: #000000; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none;">FrontView REIT, Inc.</div>
        <div style="background-color: #FFFFFF; margin: 0px 0px 0px -75pt; color: #000000; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none;"> October 4, 2024 </div>
        <div style="background-color: #FFFFFF; margin: 0px 0px 0px -75pt; color: #000000; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none;">Page 3<br>
        </div>
        <div style="background-color: #FFFFFF; margin: 0px 0px 0px -75pt; color: #000000; font-style: normal; font-variant: normal; font-weight: normal; text-transform: none;"> <br>
        </div>
      </div>
      <div style="text-indent: 72pt;">6.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Each award that provides for the potential issuance of a Share pursuant to the Plan will be duly authorized and validly granted in accordance with the Plan.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">Based upon the foregoing, and subject to the assumptions, limitations and qualifications stated herein, it is our opinion that:</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company is a corporation duly incorporated and existing under and by virtue of the laws of the State of Maryland and is in good standing with the SDAT.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The issuance of the Shares has been duly authorized and, when and if issued in accordance with the Registration Statement, the Resolutions and the Plan, the Shares will be validly issued, fully paid and
        nonassessable.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">The foregoing opinion is limited to the laws of the State of Maryland and we do not express any opinion herein concerning any other law.&#160; 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 jurisdiction.&#160; 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.&#160; 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.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">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.&#160; 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.</div>
      <div><br>
      </div>
      <div style="text-indent: 72pt;">This opinion is being furnished to you for submission to the Commission as an exhibit to the Registration Statement.&#160; We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to
        the use of the name of our firm therein.&#160; 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 1933 Act.</div>
      <div><br>
      </div>
      <table id="zbe471026b4fe4d8e8beee1e38df000d7" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" border="0" cellpadding="0" cellspacing="0">

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            </td>
            <td style="width: 50%; vertical-align: top;">
              <div>Very truly yours,</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;"><br>
            </td>
            <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">
              <div>/s/ Venable LLP</div>
            </td>
          </tr>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>3
<FILENAME>ny20036129x13_ex23-1.htm
<DESCRIPTION>EXHIBIT 23.1
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      <div style="text-align: right; font-weight: bold;">Exhibit 23.1</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">Consent of Independent Registered Public Accounting Firm</div>
      <div><br>
      </div>
      <div>We consent to the use of our reports dated April 3, 2024, with respect to the consolidated financial statements of NADG NNN Property Fund LP and the financial statement of FrontView REIT, Inc., incorporated herein by reference.</div>
      <div><br>
      </div>
      <table id="z48f80c2fdbbc491e84e5dd1c511d5261" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" border="0" cellpadding="0" cellspacing="0">

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              <div>/s/ KPMG LLP</div>
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      </div>
      <div>Dallas, Texas</div>
      <div> October 4, 2024 </div>
      <div> <br>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>4
<FILENAME>ny20036129x13_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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      <hr style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Exhibit 99.1</font></div>
    <div><br>
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    <div style="text-align: center; font-weight: bold;">FRONTVIEW REIT, INC.</div>
    <div style="text-align: center; font-weight: bold;">2024 OMNIBUS EQUITY AND INCENTIVE PLAN</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Adopted by the Board as of October 1, 2024</div>
    <div style="text-align: center; font-weight: bold;">Approved by the Stockholders as of October 1, 2024</div>
    <div><br>
    </div>
    <table id="ze309d4e2ba4d45c8b5e5e5c4fa101bfe" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" cellpadding="0" cellspacing="0">

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          <td style="width: 36pt; vertical-align: top;">1.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><u>Purpose</u>.</font></div>
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    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;The purpose of the Plan is to assist the Company with attracting, retaining, incentivizing and motivating officers and employees of, consultants to, and non-employee directors providing services to,
      the Company and its Subsidiaries and to promote the success of the Company&#8217;s business by providing such participating individuals with a proprietary interest in the performance of the Company. The Company believes that this incentive program will
      cause participating officers, employees, consultants and non-employee directors to increase their interest in the welfare of the Company and its Subsidiaries and to align those interests with those of the stockholders of the Company and its
      Subsidiaries.</div>
    <div>&#160;</div>
    <table id="zf44c123b778543b18ae5cc4213056171" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" cellpadding="0" cellspacing="0">

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          <td style="width: 36pt; vertical-align: top;">2.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: 'Times New Roman', Times, serif; font-size: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;"><u>Definitions</u>.</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> For purposes of the Plan:</font></div>
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    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#8220;<u>Adjustment Event</u>&#8221; shall have the meaning ascribed to such term in Section 14.1.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#8220;<u>Award</u>&#8221; means, individually or collectively, a grant of an Option, Restricted Stock, a Restricted Stock Unit, a Stock Appreciation Right, a Performance Award, a Dividend
      Equivalent Right, a Cash-Based Award, a Share Award, an LTIP Unit or any or all of them.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Award Agreement</u>&#8221; means a written or electronic agreement between the Company and a Participant evidencing the grant of an Award and setting forth the terms and conditions
      thereof.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#8220;<u>Base Price</u>&#8221; shall have the meaning ascribed to such term in Section 6.4.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.5.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#8220;<u>Beneficiary</u>&#8221; shall have the meaning ascribed to such term in Section 13.2(d).</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.6.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#8220;<u>Board</u>&#8221; means the Board of Directors of the Company.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.7.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#8220;<u>Cash-Based Award</u>&#8221; means an Award granted to an Eligible Individual under Section 11.</div>
    <div>&#160;</div>
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    <div style="text-align: justify; text-indent: 72pt;">&#160;2.8.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#8220;<u>Cause</u>&#8221; means with respect to the Termination of a Participant by the Company or any Subsidiary of the Company that employs such individual or for which the Participant provides
      services (or by the Company on behalf of any such Subsidiary), (a) if the Participant is at the time of Termination a party to an employment, service or a severance agreement with the Company or one of its Subsidiaries that defines such term, the
      meaning ascribed therein, and (b) in all other cases, any of the following that remains uncured (if curable) for ten days after the Participant&#8217;s receipt of written notice thereof from the Company: (i) the Participant&#8217;s indictment for, or conviction
      or entry of a plea of guilty or nolo contendere to (A) any felony or (B) any crime (whether or not a felony) involving moral turpitude, fraud, theft, breach of trust or other similar acts, whether under the laws of the United States or any state
      thereof or any similar foreign law to which the Participant may be subject, (ii) the Participant&#8217;s being or having been engaged in conduct constituting breach of fiduciary duty, willful misconduct or gross negligence relating to the Company or any of
      its Subsidiaries or the performance of the Participant&#8217;s duties, (iii) the Participant&#8217;s willful failure to (A) follow a reasonable and lawful directive of the Company or of the Subsidiary at which the Participant is employed or provides services, or
      the Board or (B) comply with any written rules, regulations, policies or procedures of the Company or a Subsidiary at which the Participant is employed or to which the Participant provides services which, if not complied with, would reasonably be
      expected to have an adverse effect (other than a de minimis adverse effect) on the business, financial condition or reputation of the Company, (iv) the Participant&#8217;s violation of such Participant&#8217;s employment, consulting, separation or similar
      agreement with the Company or any non-disclosure, non-solicitation or non-competition covenant in any other agreement to which the Participant is subject, or (v) the Participant&#8217;s deliberate and continued failure to perform such Participant&#8217;s
      material duties to the Company or any of its Subsidiaries. If the Company first discovers facts that would have established &#8220;Cause&#8221; for termination, and those facts were not known by the Company at the time of the termination, then the Board may
      provide the Participant with written notice, including the facts establishing that the purported &#8220;Cause&#8221; was not known at the time of the termination, in which case the Participant&#8217;s termination of employment will be considered a termination for
      &#8220;Cause.&#8221;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.9.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#8220;<u>Change in Control</u>&#8221; means and includes the occurrence of any one of the following events:</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(a) during any consecutive 12-month period, individuals who, at the beginning of such period, constitute the Board (the &#8220;<u>Incumbent Directors</u>&#8221;) cease for any reason to
      constitute at least a majority of such Board, provided that any person becoming a director after the beginning of such 12-month period and whose election or nomination for election was approved by a vote of at least a majority of the Incumbent
      Directors then on the Board shall be an Incumbent Director; provided, that no individual initially elected or nominated as a director as a result of an actual or threatened election contest with respect to the election or removal of directors (&#8220;<u>Election


        Contest</u>&#8221;) or other actual or threatened solicitation of proxies or consents by or on behalf of any Person other than the Board (&#8220;<u>Proxy Contest</u>&#8221;), including by reason of any agreement intended to avoid or settle any Election Contest or
      Proxy Contest, shall be deemed an Incumbent Director;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(b) any Person becomes a &#8220;beneficial owner&#8221; (as defined in Rule 13d-3 of the General Rules and Regulations under the Exchange Act) (&#8220;<u>Beneficial Owner</u>&#8221;), directly or
      indirectly, of either (x) 50% or more of the then-outstanding Shares or (y) securities of the Company representing 50% or more of the combined voting power of the Company&#8217;s then-outstanding securities eligible to vote for the election of directors
      (the &#8220;<u>Voting Securities</u>&#8221;); provided, that for purposes of this subsection (b), the following acquisitions of Shares or Voting Securities shall not constitute a Change in Control: (i) an acquisition directly from the Company, (ii) an
      acquisition by the Company or any Subsidiary, (iii) an acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any Subsidiary, or (iv) an acquisition pursuant to a Non-Qualifying Transaction (as defined
      in subsection (c) hereof);</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">2</font></div>
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    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(c) the consummation of a reorganization, merger, consolidation, statutory share exchange or similar form of corporate transaction involving the Company or a Subsidiary (a &#8220;<u>Reorganization</u>&#8221;),


      or the sale or other disposition of all or substantially all of the Company&#8217;s assets (a &#8220;<u>Sale</u>&#8221;) or the acquisition of assets or stock of another corporation or other entity (an &#8220;<u>Acquisition</u>&#8221;), unless immediately following such
      Reorganization, Sale or Acquisition: (x) all or substantially all of the individuals and entities who were the Beneficial Owners, respectively, of the outstanding Shares and outstanding Voting Securities immediately prior to such Reorganization, Sale
      or Acquisition beneficially own, directly or indirectly, more than 50% of, respectively, the then-outstanding shares of common stock and the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of
      directors, as the case may be, of the entity resulting from such Reorganization, Sale or Acquisition (including, without limitation, an entity which, as a result of such transaction, owns the Company or all or substantially all of the Company&#8217;s
      assets or stock either directly or through one or more subsidiaries, the &#8220;<u>Surviving Entity</u>&#8221;) in substantially the same proportions as their ownership, immediately prior to such Reorganization, Sale or Acquisition, of the outstanding Shares and
      the outstanding Voting Securities, as the case may be, and (y) no Person (other than (i) the Company or any Subsidiary, (ii) the Surviving Entity or its ultimate parent entity, or (iii) any employee benefit plan (or related trust) sponsored or
      maintained by any of the foregoing) is the Beneficial Owner, directly or indirectly, of 50% or more of the total common stock or 50% or more of the total voting power of the outstanding voting securities eligible to elect directors of the Surviving
      Entity, and (z) at least a majority of the members of the board of directors of the Surviving Entity were Incumbent Directors at the time of the Board&#8217;s approval of the execution of the initial agreement providing for such Reorganization, Sale or
      Acquisition (any Reorganization, Sale or Acquisition which satisfies all of the criteria specified in (x), (y) and (x) above shall be deemed to be a &#8220;<u>Non-Qualifying Transaction</u>&#8221;); or</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(d) approval by the stockholders of the Company of a complete liquidation or dissolution of the Company.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.10.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Code</u>&#8221; means the Internal Revenue Code of 1986, as amended.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.11.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Committee</u>&#8221; means the Committee which administers the Plan as provided in Section 3.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.12.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Company</u>&#8221; means FrontView REIT, Inc., a Maryland corporation, or any successor thereto.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.13.&#160;&#160;&#160;&#160;&#160; &#8220;<u>Consultant</u>&#8221; means any consultant or advisor, other than an Employee or Nonemployee Director, who is a natural person and who renders services to the Company or a Subsidiary that
      (a) are not in connection with the offer and sale of the Company&#8217;s securities in a capital raising transaction and (b) do not directly or indirectly promote or maintain a market for the Company&#8217;s securities.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">3</font></div>
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    <div style="text-align: justify; text-indent: 72pt;">&#160;2.14.&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Corporate Transaction</u>&#8221; means (a) a merger, consolidation, reorganization, recapitalization or other transaction or event having a similar effect on the Company&#8217;s capital stock or
      (b) a liquidation or dissolution of the Company. For the avoidance of doubt a Corporate Transaction may be a transaction that is also a Change in Control.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.15.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Director</u>&#8221; means a member of the Board.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.16.&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Disability</u>&#8221; means, with respect to a Participant, (a) if the Participant is a party to an employment, service or a severance agreement with the Company or one of its Subsidiaries
      that defines such term, the meaning ascribed therein, and (b) in all other cases, a permanent and total disability as defined in Code Section 22(e)(3). A determination of Disability may be made by a physician selected or approved by the Committee
      and, in this respect, the Participant shall submit to any reasonable examination(s) required by such physician upon request.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.17.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Division</u>&#8221; means any of the operating units or divisions of the Company designated as a Division by the Committee.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.18.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Dividend Equivalent Right</u>&#8221; means a right to receive cash or Shares based on the value of dividends that are paid with respect to Shares.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.19.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Effective Date</u>&#8221; means the date of the Plan&#8217;s approval by the Board, subject to the approval of the Company&#8217;s stockholders.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.20.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Eligible Individual</u>&#8221; means any Employee, Director or Consultant.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.21.&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Employee</u>&#8221; means any individual performing services for the Company or a Subsidiary and designated as an employee of the Company or the Subsidiary on its payroll records. An
      Employee shall not include any individual during any period the Employee is classified or treated by the Company or Subsidiary as an independent contractor, a consultant or an employee of an employment, consulting or temporary agency or any other
      entity other than the Company or Subsidiary, without regard to whether such individual is subsequently determined to have been, or is subsequently retroactively reclassified, as a common-law employee of the Company or Subsidiary during such period.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.22.&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Exchange Act</u>&#8221; means the Securities Exchange Act of 1934, as amended.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.23.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Fair Market Value</u>&#8221; on any date means:</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(a) if the Shares are listed for trading on a national securities exchange, (i) the closing price at the close of the primary trading session of the Shares on the date of
      determination on the principal national securities exchange on which the Shares are listed or admitted to trading as officially quoted in the consolidated tape of transactions on such exchange or such other source as the Committee deems reliable for
      the applicable date, or if there has been no such closing price of the Shares on such date, on the next preceding date on which there was such a closing price; or (ii) in such other manner as determined and approved by the Committee in reference to
      the official market quotations and which complies with, as applicable, Section 409A and Section 422 of the Code; or</div>
    <div>&#160;</div>
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      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">4</font></div>
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    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(b) if the Shares are not listed for trading on a national securities exchange, the fair market value of the Shares, as determined in good faith by the Committee, and, if
      applicable, in accordance with Section 409A and Section 422 of the Code.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.24.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Incentive Stock Option</u>&#8221; means an Option satisfying the requirements of Section 422 of the Code and designated by the Committee as an Incentive Stock Option.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.25.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>LTIP Units</u>&#8221; means units of partnership interest, including one or more classes of profit interests, in the Operating Partnership.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.26.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Nonemployee Director</u>&#8221; means a Director of the Board who is a &#8220;nonemployee director&#8221; within the meaning of Rule 16b-3 promulgated under the Exchange Act.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.27.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Nonqualified Stock Option</u>&#8221; means an Option which is not an Incentive Stock Option.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.28.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Operating Partnership</u>&#8221; means FrontView Operating Partnership LP, a Delaware limited partnership.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.29.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Option</u>&#8221; means a Nonqualified Stock Option or an Incentive Stock Option.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.30.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Option Price</u>&#8221; means the price at which a Share may be purchased pursuant to an Option.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.31.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Parent</u>&#8221; means any corporation which is a &#8220;parent corporation&#8221; (within the meaning of Section 424(e) of the Code) with respect to the Company.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.32.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Participant</u>&#8221; means an Eligible Individual to whom an Award has been granted under the Plan.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.33.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Performance Awards</u>&#8221; means Performance Share Units, Performance Units, Performance-Based Restricted Stock or any or all of them.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.34.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Performance-Based Restricted Stock</u>&#8221; means Shares issued or transferred to an Eligible Individual under Section 9.2.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.35.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Performance Cycle</u>&#8221; means the time period specified by the Committee at the time Performance Awards are granted during which the performance of the Company, a Subsidiary or a
      Division will be measured.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.36.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Performance Objectives</u>&#8221; means the objectives set forth in Section 9.3 for the purpose of determining, either alone or together with other conditions, the degree of payout and/or
      vesting of Performance Awards.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.37.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Performance Share Units</u>&#8221; means Performance Share Units granted to an Eligible Individual under Section 9.1(b).</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">5</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.38.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Performance Units</u>&#8221; means Performance Units granted to an Eligible Individual under Section 9.1(a).</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.39.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Person</u>&#8221; shall have the meaning ascribed to such term in Section 3(a)(9) of the Exchange Act and used in Sections 13(d) and 14(d) of the Exchange Act.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.40.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Plan</u>&#8221; means this FrontView REIT, Inc. 2024 Omnibus Equity and Incentive Plan, as amended from time to time.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.41.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Plan Termination Date</u>&#8221; means the tenth anniversary of the Effective Date, unless the Plan is earlier terminated pursuant to Section 17.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.42.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>REIT Subsidiary</u>&#8221; means FrontView Employee Sub, LLC, a Delaware limited liability company.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.43.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Restricted Stock</u>&#8221; means Shares issued or transferred to an Eligible Individual pursuant to Section 8.1.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.44.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Restricted Stock Units</u>&#8221; means rights granted to an Eligible Individual under Section 8.2 representing a number of hypothetical Shares.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.45.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>SAR Payment Amount</u>&#8221; shall have the meaning ascribed to such term in Section 6.4.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.46.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Section 409A</u>&#8221; means Section 409A of Code, and all regulations, guidance, and other interpretative authority issued thereunder.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.47.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Securities Act</u>&#8221; means the Securities Act of 1933, as amended.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.48.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Share Award</u>&#8221; means an Award of Shares, an Award valued in whole or in part by reference to, or otherwise based on, Shares, or an Award otherwise denominated in Shares and
      granted pursuant to Section 10.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.49.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Shares</u>&#8221; means the shares of the Company&#8217;s common stock, par value $0.01 per share, and any other securities into which such shares are changed or for which such shares are
      exchanged.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.50.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Stock Appreciation Right</u>&#8221; means a right to receive all or some portion of the increase, if any, in the value of the Shares as provided in Section 6.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.51.&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Subsidiary</u>&#8221; means (a) except as provided in subsection (b) below, any corporation (or other legal entity) which is a subsidiary corporation that is a subsidiary corporation (or
      would be a subsidiary corporation if such entity were a corporation) within the meaning of Section 424(f) of the Code with respect to the Company and (b) in relation to the eligibility to receive Awards other than Incentive Stock Options and
      continued employment or the provision of services for purposes of Awards (unless the Committee determines otherwise), (i) the REIT Subsidiary, (ii) the Operating Partnership and (iii) any entity, whether or not incorporated, in which the Company, the
      REIT Subsidiary or the Operating Partnership directly or indirectly owns at least twenty-five percent (25%) of the outstanding equity or other ownership interests.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">6</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.52.&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Ten-Percent Shareholder</u>&#8221; means an Eligible Individual who, at the time an Incentive Stock Option is to be granted to such Eligible Individual, owns (within the meaning of Section
      422(b)(6) of the Code) stock possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company, a Parent or a Subsidiary.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.53.&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Termination</u>&#8221;, &#8220;<u>Terminated</u>&#8221; or &#8220;<u>Terminates</u>&#8221; shall mean the date on which a Participant&#8217;s continuous service to the Company and its Subsidiaries terminates. A change
      in the capacity in which the Participant renders service to the Company or a Subsidiary as an Employee, Director or Consultant or a change in the entity for which the Participant renders such service, provided that there is no interruption or
      termination of the Participant&#8217;s service with the Company or a Subsidiary, will not terminate a Participant&#8217;s service to the Company and its Subsidiaries; provided, that if the entity for which a Participant is rendering services ceases to qualify as
      a Subsidiary, as determined by the Committee, such Participant&#8217;s service will be considered to have terminated on the date such entity ceases to qualify as a Subsidiary. Notwithstanding the foregoing and except as otherwise determined by the
      Committee, a leave of absence will not be treated as a Termination for purposes of vesting in an Award, unless otherwise provided in the Company&#8217;s leave of absence policy or arrangement applicable to the Participant&#8217;s Awards or as otherwise required
      by law.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;2.54.&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<u>Transaction Agreement</u>&#8221; shall have the meaning ascribed to such term in Section 15.1(a).</div>
    <div>&#160;</div>
    <table id="ze160ae7f980c4e0bad6787526623766c" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">3.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><u>Administration</u>.</font></div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;3.1.&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Committee</u>. The Plan shall be administered by a Committee appointed by<font style="font-weight: bold;">&#160;</font>the Board. The Committee shall consist of at least two Directors and
      may consist of the entire Board; provided, that if the Committee consists of less than the entire Board, then, with respect to any Award granted to an Eligible Individual who is subject to Section 16 of the Exchange Act, the Committee shall consist
      solely of two or more Nonemployee Directors. For purposes of the preceding sentence, if one or more members of the Committee is not a Nonemployee Director but recuses himself or herself or abstains from voting with respect to a particular action
      taken by the Committee, then the Committee, with respect to that action, shall be deemed to consist only of the members of the Committee who have not recused themselves or abstained from voting. The initial Committee shall be the Compensation
      Committee of the Board.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;3.2.&#160; &#160; &#160;&#160;&#160;&#160;&#160; <u>Meetings; Procedure</u>. The Committee shall hold meetings when it deems necessary and shall keep minutes of its meetings. The acts of a majority of the total membership of the
      Committee at any meeting, or the acts approved in writing by all of its members, shall be the acts of the Committee. All decisions and determinations by the Committee in the exercise of its powers hereunder shall be final, binding and conclusive upon
      the Company, its Subsidiaries, the Participants and all other Persons having any interest therein.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">7</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;3.3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Board Reservation and Delegation</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(a) The Board may, in its discretion, reserve to itself or exercise any or all of the authority and responsibility of the Committee hereunder. To the extent the Board has reserved
      to itself or exercises the authority and responsibility of the Committee, the Board shall be deemed to be acting as the Committee for purposes of the Plan and references to the Committee in the Plan shall be to the Board.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(b) Subject to applicable law, the Board or the Committee may delegate, in whole or in part, any of the authority of the Committee hereunder (subject to such limits as may be
      determined by the Board or the Committee) to any individual or committee of individuals (who need not be Directors), including without limitation the authority to make Awards to Eligible Individuals who are not officers or directors of the Company or
      any of its Subsidiaries and who are not subject to Section 16 of the Exchange Act. To the extent that the Board or the Committee delegates any such authority to make Awards as provided by this Section 3.3(b), all references in the Plan to the
      Committee&#8217;s authority to make Awards and determinations with respect thereto shall be deemed to include the Board&#8217;s or the Committee&#8217;s delegate.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;3.4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Committee Powers</u>. Subject to the express terms and conditions set forth herein, the Committee shall have all of the powers necessary to enable it to carry out its duties under
      the Plan, including, without limitation, the power from time to time to:</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(a) determine those Eligible Individuals to whom Awards shall be granted under the Plan and determine the number of Shares or amount of cash in respect of which each Award is
      granted, prescribe the terms and conditions (which need not be identical) of each such Award, including, (i) in the case of Options, the exercise price per Share and the duration of the Option, (ii) in the case of Stock Appreciation Rights, the Base
      Price per Share and the duration of the Stock Appreciation Right, and (iii) make any amendment or modification to any Award Agreement consistent with the terms of the Plan;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(b) construe and interpret the Plan and the Awards granted hereunder, establish, amend and revoke rules, regulations and guidelines as it deems are necessary or appropriate for the
      administration of the Plan, including, but not limited to, correcting any defect, supplying any omission or reconciling any inconsistency in the Plan or in any Award Agreement in the manner and to the extent it shall deem necessary or advisable,
      including so that the Plan and the operation of the Plan comply with Rule 16b-3 under the Exchange Act, the Code to the extent applicable and other applicable law, and otherwise make the Plan fully effective;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(c) determine the duration and purposes for leaves of absence which may be granted to a Participant on an individual basis without constituting a Termination for purposes of the
      Plan;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(d) cancel, with the consent of the Participant, outstanding Awards or as otherwise permitted under the terms of the Plan;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(e) exercise its discretion with respect to the powers and rights granted to it as set forth in the Plan, including for the avoidance of doubt the power to accelerate the
      exercisability, vesting or lapse of restrictions of an Award, as applicable, or portion thereof at any time; and <font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"></font></div>
    <br>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;"></div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">8</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-align: justify;">
      <div style="text-indent: 72pt; margin-left: 18pt;"><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">(f) generally, exercise such powers and
          perform such acts as are deemed necessary or advisable to promote the best interests of the Company with respect to the Plan.</font></div>
      <font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"></font></div>
    <div style="text-align: justify; text-indent: 72pt;"> <br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;3.5.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Non-Uniform Determinations</u>. The Committee&#8217;s determinations under the Plan need not be uniform and may be made by it selectively among Persons who receive, or are eligible to
      receive, Awards (whether or not such Persons are similarly situated). Without limiting the generality of the foregoing, the Committee shall be entitled, among other things, to make non-uniform and selective determinations, and to enter into
      non-uniform and selective Award Agreements or amendments thereto, as to the Eligible Individuals to receive Awards under the Plan and the terms and provisions of Awards under the Plan.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;3.6.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Non-U.S. Employees</u>. Notwithstanding anything herein to the contrary, with respect to Participants working outside the United States, the Committee may establish subplans,
      determine the terms and conditions of Awards, and make such adjustments to the terms thereof as are necessary or advisable to fulfill the purposes of the Plan taking into account matters of local law or practice, including tax and securities laws of
      jurisdictions outside the United States.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;3.7.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Indemnification</u>. No member of the Committee shall be liable for any action, failure to act, determination or interpretation made in good faith with respect to the Plan or any
      transaction hereunder. The Company hereby agrees to indemnify each member of the Committee for all costs and expenses and, to the extent permitted by applicable law, any liability incurred in connection with defending against, responding to,
      negotiating for the settlement of or otherwise dealing with any claim, cause of action or dispute of any kind arising in connection with any actions in administering the Plan or in authorizing or denying authorization to any transaction hereunder;
      provided, that no Committee member may settle any such claim without the written consent of the Board.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;3.8.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>No Repricing of Options or Stock Appreciation Rights</u>. The Committee shall have no authority to (a) make any adjustment (other than in connection with an Adjustment Event, a
      Corporate Transaction or other transaction where an adjustment is permitted or required under the terms of the Plan) or amendment, and no such adjustment or amendment shall be made, that reduces or would have the effect of reducing the exercise price
      of an Option or a Stock Appreciation Right previously granted under the Plan, whether through amendment, cancellation or replacement grants or other means, or (b) cancel for cash or other consideration any Option whose Option Price is greater than
      the then Fair Market Value of a Share or Stock Appreciation Right whose Base Price is greater than the then Fair Market Value of a Share unless, in either case the Company&#8217;s stockholders shall have approved such adjustment, amendment or cancellation.</div>
    <div>&#160;</div>
    <table id="z2837f020426b4547a47129cf50a009bf" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">4.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><u>Stock Subject to the Plan; Grant Limitations</u>.</font></div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;4.1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Aggregate Number of Shares Authorized for Issuance</u>. Subject to any adjustment as provided in the Plan, the maximum number of Shares that may be issued pursuant to Awards granted
      under the Plan shall not exceed 1,722,719 Shares, all of which may be issued upon exercise of Incentive Stock Options. The Shares to be issued under the Plan may be, in whole or in part, authorized but unissued Shares or issued Shares which shall
      have been reacquired by the Company and held by it as treasury shares.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">9</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">&#160;4.2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Nonemployee Director Limit</u>. With respect to Awards granted hereunder to a Nonemployee Director, the
        aggregate number of Shares that may be issued pursuant to Awards granted under the Plan in any fiscal year to an individual Nonemployee Director may not exceed that number of Shares representing a Fair Market Value equal to the positive difference,
        if any, between $500,000&#160;and the aggregate value of any annual cash retainer paid to the Nonemployee Director (excluding the value any chairperson retainer or fee and meeting fees received by a Nonemployee Director in respect of such fiscal year).
        The limitation in this Section 4.2 shall apply commencing with the first fiscal year that begins following the Effective Date.</font></div>
    <div style="text-align: justify; text-indent: 72pt;">
      <div>&#160;</div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;4.3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Calculating Shares Available</u>. If an Award or any portion thereof (a) expires or otherwise terminates without all of the Shares covered by such Award having been issued or (b) is
      settled in cash (i.e., the Participant receives cash rather than Shares), such expiration, termination or settlement will not reduce (or otherwise offset) the number of Shares that may be available for issuance under the Plan. If any Shares issued
      pursuant to an Award are forfeited and returned back to or reacquired by the Company because of the failure to meet a contingency or condition required to vest such Shares in the Participant, then the Shares that are forfeited or reacquired will
      again become available for issuance under the Plan. Any Shares tendered or withheld (i) to pay the Option Price of an Option granted under this Plan or (ii) to satisfy tax withholding obligations associated with an Award granted under this Plan shall
      not become available again for issuance under this Plan.</div>
    <div>&#160;</div>
    <table id="z6fa62710dcb34ab999ea004b44bd6c7b" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">5.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><u>Stock Options</u>.</font></div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;5.1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Authority of Committee</u>. The Committee may grant Options to Eligible Individuals in accordance with the Plan, the terms and conditions of the grant of which shall be set forth in
      an Award Agreement. Incentive Stock Options may be granted only to Eligible Individuals who are employees of the Company or any of its Subsidiaries on the date the Incentive Stock Option is granted. Options shall be subject to the following terms and
      provisions:</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;5.2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Option Price</u>. The Option Price or the manner in which the exercise price is to be determined for Shares under each Option shall be determined by the Committee and set forth in
      the Award Agreement; provided, that the exercise price per Share subject to each Option shall not be less than the greater of (a) the par value of a Share and (b) 100% of the Fair Market Value of a Share on the date the Option is granted (110% in the
      case of an Incentive Stock Option granted to a Ten-Percent Shareholder).</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">10</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;5.3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Maximum Duration</u>. Options granted hereunder shall be for such term as the Committee shall determine; provided<u>,</u> that an Incentive Stock Option shall not be exercisable
      after the expiration of ten years from the date it is granted (five years in the case of an Incentive Stock Option granted to a Ten-Percent Shareholder) and a Nonqualified Stock Option shall not be exercisable after the expiration of ten years from
      the date it is granted; provided, further, that unless the Committee provides otherwise, (a) an Option (other than an Incentive Stock Option) may, upon the death of the Participant prior to the expiration of the Option, be exercised for up to one
      year following the date of the Participant&#8217;s death, even if such period extends beyond ten years from the date the Option is granted, and (b) if, at the time an Option (other than an Incentive Stock Option) would otherwise expire at the end of its
      term, the exercise of the Option is prohibited by applicable law or the Company&#8217;s insider trading policy, the term shall be extended until 30 days after the prohibition no longer applies. The Committee may, subsequent to the granting of any Option,
      extend the period within which the Option may be exercised (including following a Participant&#8217;s Termination), but in no event shall the period be extended to a date that is later than the earlier of the latest date on which the Option could have been
      exercised and the 10th anniversary of the date of grant of the Option, except as otherwise provided herein in this Section 5.3.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">5.4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Vesting</u>. The Committee shall determine and set forth in the applicable Award Agreement the time or times at which an Option shall become vested and exercisable. To the extent not
      exercised, vested installments shall accumulate and be exercisable, in whole or in part, at any time after becoming exercisable, but not later than the date the Option expires. The Committee may accelerate the exercisability of any Option or portion
      thereof at any time.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;5.5.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Limitations on Incentive Stock Options</u>. To the extent that the aggregate Fair Market Value (determined as of the date of the grant) of Shares with respect to which Incentive
      Stock Options granted under the Plan and &#8220;incentive stock options&#8221; (within the meaning of Section 422 of the Code) granted under all other plans of the Company or its Subsidiaries (in either case determined without regard to this Section 5.5) are
      exercisable by a Participant for the first time during any calendar year exceeds $100,000, such Incentive Stock Options shall be treated as Nonqualified Stock Options. When applying the limitation in the preceding sentence in the case of multiple
      Option grants, unless otherwise required by applicable law, Options which were intended to be Incentive Stock Options shall be treated as Nonqualified Stock Options in reverse of the order in which they were granted such that the most recently
      granted Options are first treated as Nonqualified Stock Options.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;5.6.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Method of Exercise</u>. The exercise of an Option shall be made only by giving notice in the form and to the Person designated by the Company, specifying the number of Shares to be
      exercised and, to the extent applicable, accompanied by payment therefor and otherwise in accordance with the Award Agreement pursuant to which the Option was granted. The Option Price for any Shares purchased pursuant to the exercise of an Option
      shall be paid in any of, or any combination of, the following forms: (a) cash or its equivalent (e.g., a check) or (b) if permitted by the Committee, the transfer, either actually or by attestation, to the Company of Shares that have been held by the
      Participant for at least six months (or such lesser period as may be permitted by the Committee) prior to the exercise of the Option, such transfer to be upon such terms and conditions as determined by the Committee or (c) in the form of other
      property as determined by the Committee. Any Shares transferred to or withheld by the Company as payment of the Option Price under an Option, if so permitted pursuant to clause (b) above, will be valued at their Fair Market Value on the last business
      day preceding the date of exercise of such Option or by such other method required by applicable law. In addition, (i) the Committee may provide for the payment of the Option Price through Share withholding as a result of which the number of Shares
      issued upon exercise of an Option would be reduced by a number of Shares having a Fair Market Value equal to the Option Price and (ii) an Option may be exercised through a registered broker-dealer pursuant to such cashless exercise procedures that
      are, from time to time, deemed acceptable by the Committee. No fractional Shares (or cash in lieu thereof) shall be issued upon exercise of an Option and the number of Shares that may be purchased upon exercise shall be rounded down to the nearest
      number of whole Shares.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">11</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;5.7.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Rights of Participants</u>. No Participant shall be deemed for any purpose to be the owner of any Shares subject to any Option unless and until (a) the Option shall have been
      exercised with respect to such Shares pursuant to the terms of the applicable Award Agreement, (b) the Company shall have issued and delivered Shares (whether or not certificated) to the Participant, a securities broker acting on behalf of the
      Participant or such other nominee of the Participant and (c) the Participant&#8217;s name, or the name of such Participant&#8217;s broker or other nominee,<font style="font-weight: bold;">&#160;</font>shall have been entered as a shareholder of record on the books of
      the Company. Thereupon, the Participant shall have full voting, dividend and other ownership rights with respect to such Shares, subject to such terms and conditions as may be set forth in the applicable Award Agreement.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;5.8.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Effect of Change in Control</u>. Any specific terms applicable to an Option in the event of a Change in Control and not otherwise provided in the Plan shall be set forth in the
      applicable Award Agreement.</div>
    <div>&#160;</div>
    <table id="zd1339152906849bb8d06386904191afb" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">6.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><u>Stock Appreciation Rights</u>.</font></div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;6.1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Grant</u>. The Committee may grant Stock Appreciation Rights to Eligible Individuals in accordance with the Plan, the terms and conditions of which shall be set forth in an Award
      Agreement. A Stock Appreciation Right may be granted (a) at any time if unrelated to an Option or (b) if related to an Option, either at the time of grant or at any time thereafter during the term of the Option. Awards of Stock Appreciation Rights
      shall be subject to the following terms and provisions.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;6.2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Terms; Duration</u>. Stock Appreciation Rights shall contain such terms and conditions as to exercisability, vesting and duration as the Committee shall determine, but in no event
      shall they have a term of greater than ten years; provided, that unless the Committee provides otherwise, (a) a Stock Appreciation Right may, upon the death of the Participant prior to the expiration of the Award, be exercised for up to one year
      following the date of the Participant&#8217;s death even if such period extends beyond ten years from the date the Stock Appreciation Right is granted, and (b) if, at the time a Stock Appreciation Right would otherwise expire at the end of its term, the
      exercise of the Stock Appreciation Right is prohibited by applicable law or the Company&#8217;s insider trading policy, the term shall be extended until 30 days after the prohibition no longer applies. The Committee may, subsequent to the granting of any
      Stock Appreciation Right, extend the period within which the Stock Appreciation Right may be exercised (including following a Participant&#8217;s Termination), but in no event shall the period be extended to a date that is later than the earlier of the
      latest date on which the Stock Appreciation Right could have been exercised and the 10th anniversary of the date of grant of the Stock Appreciation Right, except as otherwise provided herein in this Section 6.2.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;6.3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Vesting</u>. The Committee shall determine and set forth in the applicable Award Agreement the time or times at which a Stock Appreciation Right shall become vested and exercisable.
      To the extent not exercised, vested installments shall accumulate and be exercisable, in whole or in part, at any time after becoming exercisable, but not later than the date the Stock Appreciation Right expires. The Committee may accelerate the
      exercisability of any Stock Appreciation Right or portion thereof at any time.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">12</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;6.4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Amount Payable</u>. Upon exercise of a Stock Appreciation Right, the Participant shall be entitled to receive an amount determined by multiplying (a) the excess of the Fair Market
      Value of a Share on the last business day preceding the date of exercise of such Stock Appreciation Right over the Fair Market Value of a Share on the date the Stock Appreciation Right was granted (the &#8220;<u>Base Price</u>&#8221;) by (b) the number of Shares
      as to which the Stock Appreciation Right is being exercised (such amount, the &#8220;<u>SAR Payment Amount</u>&#8221;). Notwithstanding the foregoing, the Committee may limit in any manner the amount payable with respect to any Stock Appreciation Right by
      including such a limit in the Award Agreement evidencing the Stock Appreciation Right at the time it is granted.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;6.5.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Method of Exercise</u>. Stock Appreciation Rights shall be exercised by a Participant only by giving notice in the form and to the Person designated by the Company, specifying the
      number of Shares with respect to which the Stock Appreciation Right is being exercised.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;6.6.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Form of Payment</u>. Payment of the SAR Payment Amount may be made in the discretion of the Committee solely in whole Shares having an aggregate Fair Market Value equal to the SAR
      Payment Amount, solely in cash or in a combination of cash and Shares. If the Committee decides to make full payment in Shares and the amount payable results in a fractional Share, payment shall be rounded down to the nearest whole Share.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;6.7.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Effect of Change in Control</u>. Any specific terms applicable to a Stock Appreciation Right in the event of a Change in Control and not otherwise provided in the Plan shall be set
      forth in the applicable Award Agreement.</div>
    <div>&#160;</div>
    <table id="z8f01e00cbfe446878352fe359fd1e300" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">7.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><u>Dividends; Dividend Equivalent Rights</u>.</font></div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;The Committee in its discretion may provide for the payment of dividends or Dividend Equivalent Rights, as applicable, either as part of an Award at the time such Award is granted or as a separate
      Award, to Eligible Individuals in accordance with the Plan. The terms and conditions applicable to each dividend or Dividend Equivalent Right shall be specified in the Award Agreement evidencing the Award. Unless the Committee determines otherwise
      and as set forth in the Award Agreement, upon the issuance of an Award of Restricted Stock (other than an Award of Performance-Based Restricted Stock), the Participant shall have the right to receive all dividends or other distributions paid or made
      with respect to the Shares (whether or not the restrictions on such Shares have lapsed) at the time such dividends or other distributions are paid. Unless the Committee determines otherwise and as set forth in the Award Agreement, no amounts in
      respect of dividends or Dividend Equivalent Rights shall be paid on unvested or unearned Restricted Stock Units, Performance-Based Restricted Stock Units or Performance-Based Restricted Stock, and if awarded (1) amounts payable in respect of such
      dividends or Dividend Equivalent Rights shall be accrued until the lapsing of restrictions on such Dividend Equivalent Rights or until the vesting, exercise, payment, settlement or other lapse of restrictions on the Award to which the Dividend
      Equivalent Rights relate; (2) the Committee shall determine whether such accrued amount is to be held in cash or reinvested in Shares or deemed (notionally) to be reinvested in Shares; and (3) Dividend Equivalent Rights may be settled, at such time
      as the lapsing of restrictions on such Dividend Equivalent Rights or until the vesting, exercise, payment, settlement or other lapse of restrictions on the Award to which the Dividend Equivalent Rights relate, in cash or Shares or a combination
      thereof, in a single installment or multiple installments, each as determined by the Committee at any time prior to or at the time of such settlement and in accordance with Section 409A, as applicable.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">13</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <table id="z6bc8f70679864081b7dc446158b0f9d7" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">8.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><u>Restricted Stock; Restricted Stock Units</u>.</font></div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;8.1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Restricted Stock</u>. The Committee may grant Awards of Restricted Stock to Eligible Individuals in accordance with the Plan, the terms and conditions of which shall be set forth in
      an Award Agreement. In the case of grants originally denominated as a cash value, the manner by which the number of Shares of Restricted Stock subject to the Award will be calculated shall be determined by the Committee. Each Award Agreement shall
      contain such restrictions, terms and conditions as the Committee may, in its discretion, determine and (without limiting the generality of the foregoing) such Award Agreements may require that an appropriate legend be placed on Share certificates.
      With respect to Shares in a book entry account in a Participant&#8217;s name, the Committee may cause appropriate stop transfer instructions to be delivered to the account custodian, administrator or the Company&#8217;s corporate secretary as determined by the
      Committee in its sole discretion. Awards of Restricted Stock shall be subject to the following terms and provisions:</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(a)&#160;&#160;&#160;&#160; <u>Rights of Participant</u>. Shares of Restricted Stock granted pursuant to an Award hereunder shall be issued in the name of the Participant as soon as reasonably
      practicable after the Award is granted; provided, that the Participant has executed an Award Agreement evidencing the Award (which, in the case of an electronically distributed Award Agreement, shall be deemed to have been executed by an
      acknowledgement of receipt or in such other manner as the Committee may prescribe) and any other documents which the Committee may require as a condition to the issuance of such Shares. At the discretion of the Committee, Shares issued in connection
      with an Award of Restricted Stock may be held in escrow by an agent (which may be the Company) designated by the Committee. Unless the Committee determines otherwise and as set forth in the Award Agreement, upon the issuance of the Shares, the
      Participant shall have all of the rights of a shareholder with respect to such Shares, including the right to vote the Shares and to receive all dividends or other distributions paid or made with respect to the Shares.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(b)&#160;&#160;&#160;&#160; <u>Terms and Conditions</u>. Each Award Agreement shall specify the number of Shares of Restricted Stock to which it relates, the conditions which must be satisfied in
      order for the Restricted Stock to vest and the circumstances under which the Award will be forfeited.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(c)&#160;&#160;&#160;&#160; <u>Delivery of Shares</u>. Upon the lapse of the restrictions on Shares of Restricted Stock, the Committee shall cause a stock certificate or evidence of book entry Shares
      to be delivered to the Participant with respect to such Shares of Restricted Stock, free of all restrictions hereunder.</div>
    <div>&#160;</div>
    <br>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">14</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"> <br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;&#160;&#160;&#160;&#160; (d)&#160;&#160;&#160;&#160; <u>Effect of Change in Control</u>. Any specific terms applicable to Restricted Stock in the event of a Change in Control and not otherwise provided in the Plan shall be set forth in
      the applicable Award Agreement.
      <div>&#160;</div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;8.2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Restricted Stock Unit Awards</u>. The Committee may grant Awards of Restricted Stock Units to Eligible Individuals in accordance with the Plan, the terms and conditions of which
      shall be set forth in an Award Agreement. Each such Award Agreement shall contain such restrictions, terms and conditions as the Committee may, in its discretion, determine. In the case of grants originally denominated as a cash value, the manner by
      which the number of Restricted Stock Units subject to the Award will be calculated shall be determined by the Committee. Notwithstanding the generality of the foregoing, Awards of Restricted Stock Units shall be subject to the following terms and
      provisions:</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(a) <u>Payment of Awards</u>. Each Restricted Stock Unit shall represent the right of the Participant to receive one Share upon vesting of the Restricted Stock Unit or on any
      later date specified by the Committee; provided, that the Committee may provide for the settlement of Restricted Stock Units in cash equal to the Fair Market Value of the Shares that would otherwise be delivered to the Participant (determined as of
      the date the Shares would have been delivered), or a combination of cash and Shares. The Committee may, at the time a Restricted Stock Unit is granted, provide a limitation on the amount payable in respect of a vested Restricted Stock Unit.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(b)<u> Effect of Change in Control</u>. Any specific terms applicable to Restricted Stock Units in the event of a Change in Control and not otherwise provided in the Plan shall be
      set forth in the applicable Award Agreement.</div>
    <div>&#160;</div>
    <table id="z75a3b6bead63466caa19b60e7f03db83" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">9.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><u>Performance Awards</u>.</font></div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;9.1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Performance Units and Performance Share Units</u>. The Committee may grant Awards of Performance Units and/or Performance Share Units to Eligible Individuals in accordance with the
      Plan, the terms and conditions of which shall be set forth in an Award Agreement. Awards of Performance Units and Performance Share Units shall be subject to the following terms and provisions:</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(a) <u>Performance Units</u>. Performance Units shall be denominated in a specified dollar amount and, contingent upon the attainment of specified Performance Objectives within
      the Performance Cycle and such other vesting conditions as may be determined by the Committee (including, without limitation, a continued employment requirement following the end of the applicable Performance Cycle), represent the right to receive
      payment as provided in Sections 9.1(c) and (d) of the specified dollar amount or a percentage or multiple of the specified dollar amount depending on the level of Performance Objective attained. The Committee may at the time a Performance Unit is
      granted specify a maximum amount payable in respect of a vested Performance Unit.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">15</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(b) <u>Performance Share Units</u>. Performance Share Units shall be denominated in Shares and, contingent upon the attainment of specified Performance Objectives within the
      Performance Cycle and such other vesting conditions as may be determined by the Committee (including, without limitation, a continued employment requirement following the end of the applicable Performance Cycle), represent the right to receive
      payment as provided in Sections 9.1(c) and (d) of the Fair Market Value of a Share on the date the Performance Share Unit became vested or any other date specified by the Committee. The Committee may at the time a Performance Share Unit is granted
      specify a maximum amount payable in respect of a vested Performance Share Unit.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(c) <u>Terms and Conditions; Vesting and Forfeiture</u>. Each Award Agreement shall specify the number of Performance Units or Performance Share Units to which it relates, the
      Performance Objectives and other conditions which must be satisfied in order for the Performance Units or Performance Share Units to vest and the Performance Cycle within which such Performance Objectives must be satisfied and the circumstances under
      which the Award will be forfeited.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(d) <u>Payment of Awards</u>. Subject to Section 9.3(c), payment to Participants in respect of vested Performance Units and Performance Share Units shall be made as soon as
      practicable after the last day of the Performance Cycle to which such Award relates or at such other time or times as the Committee may determine that the Award has become vested. Such payments may be made entirely in Shares valued at their Fair
      Market Value, entirely in cash or in such combination of Shares and cash as the Committee in its discretion shall determine at any time prior to such payment.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;9.2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Performance-Based Restricted Stock</u>. The Committee may grant Awards of Performance-Based Restricted Stock to Eligible Individuals in accordance with the Plan, the terms and
      conditions of which shall be set forth in an Award Agreement. Each Award Agreement may require that an appropriate legend be placed on Share certificates. With respect to Shares in a book entry account in a Participant&#8217;s name, the Committee may cause
      appropriate stop transfer instructions to be delivered to the account custodian, administrator or the Company&#8217;s corporate secretary as determined by the Committee in its sole discretion. Awards of Performance-Based Restricted Stock shall be subject
      to the following terms and provisions:</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(a) <u>Rights of Participant</u>. Performance-Based Restricted Stock shall be issued in the name of the Participant as soon as reasonably practicable after the Award is granted or
      at such other time or times as the Committee may determine; provided, that no Performance-Based Restricted Stock shall be issued until the Participant has executed an Award Agreement evidencing the Award, and any other documents which the Committee
      may require as a condition to the issuance of such Performance-Based Restricted Stock. At the discretion of the Committee, Shares issued in connection with an Award of Performance-Based Restricted Stock may be held in escrow by an agent (which may be
      the Company) designated by the Committee. Unless the Committee determines otherwise and as set forth in the Award Agreement, upon issuance of the Shares, the Participant shall have all of the rights of a shareholder with respect to such Shares,
      including the right to vote the Shares and, subject to Section 7, to receive all dividends or other distributions paid or made with respect to the Shares.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">16</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(b) <u>Terms and Conditions</u>. Each Award Agreement shall specify the number of Shares of Performance-Based Restricted Stock to which it relates, the Performance Objectives and
      other conditions which must be satisfied in order for the Performance-Based Restricted Stock to vest, the Performance Cycle within which such Performance Objectives must be satisfied and the circumstances under which the Award will be forfeited.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(c) <u>Delivery of Shares</u>. Upon the lapse of the restrictions on Shares of Performance-Based Restricted Stock awarded hereunder, the Committee shall cause a stock certificate
      or evidence of book entry Shares to be delivered to the Participant with respect to such Shares, free of all restrictions hereunder.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;9.3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Performance Objectives</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(a) <u>Establishment</u>. With respect to any Performance Awards, Performance Objectives for Performance Awards may be expressed in terms of: Performance objectives (&#8220;<u>Performance


        Objectives</u>&#8221;) may be expressed in terms of (i) net earnings; (ii) earnings per share; (iii) net debt; (iv) revenue or sales growth; (v) net or operating income; (vi) net operating profit; (vii) return measures (including, but not limited to,
      return on assets, capital, equity or sales); (viii) cash flow (including, but not limited to, operating cash flow, distributable cash flow and free cash flow); (ix) earnings before or after taxes, interest, depreciation, amortization and/or rent; (x)
      share price (including, but not limited to growth measures and total stockholder return); (xi) expense control or loss management; (xii) customer satisfaction; (xiii) market share; (xiv) economic value added; (xv) working capital; (xvi) the formation
      of joint ventures or the completion of other corporate transactions; (xvii) gross or net profit margins; (xviii) revenue mix; (xix) operating efficiency; (xx) product diversification; (xxi) market penetration; (xxii) measurable achievement in
      quality, operation or compliance initiatives; (xxiii) quarterly dividends or distributions; (xxiv) employee retention or turnover; or (xxv) any other individual, operational, financial or other goal as may be determined by the Committee; (xxvi) funds
      from operations or adjusted funds from operations; or (xxvii) any combination of or a specified increase in any of the foregoing. Performance Objectives may be in respect of the performance of the Company, any of its Subsidiaries or Divisions or any
      combination thereof. Performance Objectives may be absolute or relative (to prior performance of the Company or to the performance of one or more other entities or external indices) and may be expressed in terms of a progression within a specified
      range. The Performance Objectives with respect to a Performance Cycle shall be established by the Committee while the performance relating to the Performance Objectives remains substantially uncertain.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(b) <u>Effect of Certain Events</u>. The Committee may adjust the Performance Objectives after it has been issued in respect of a Performance Award to reflect the impact of
      specified events, including any one or more of the following with respect to the Performance Period (i) the gain, loss, income or expense resulting from changes in accounting principles or tax laws that become effective during the Performance Period;
      (ii) the gain, loss, income or expense reported publicly by the Company with respect to the Performance Period that are extraordinary or unusual in nature or infrequent in occurrence; (iii) the gains or losses resulting from and the direct expenses
      incurred in connection with, the disposition of a business, or the sale of investments or non-core assets; (iv) the gain or loss from all or certain claims and/or litigation and all or certain insurance recoveries relating to claims or litigation;
      (v) the impact of investments or acquisitions made during the year or, to the extent provided by the Committee, any prior year; or (vi) other extraordinary or unusual events as determined by the Committee. The events may relate to the Company as a
      whole or to any part of the Company&#8217;s business or operations, as determined by the Committee. Any adjustments based on the effect of certain events are to be determined in accordance with generally accepted accounting principles and standards, unless
      another objective method of measurement is designated by the Committee.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">17</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(c) <u>Determination of Performance</u>. Prior to the vesting, payment, settlement or lapsing of any restrictions with respect to any Performance Award, the Committee shall
      determine that the applicable Performance Objectives have been satisfied. In respect of a Performance Award, the Committee may, in its sole discretion, (i) reduce the amount of cash paid or number of Shares to be issued or that have been issued and
      that become vested or on which restrictions lapse, and/or (ii) establish rules and procedures that have the effect of limiting the amount payable to any Participant to an amount that is less than the amount that otherwise would be payable under an
      Award granted under this Section 9. The Committee may exercise such discretion in a non-uniform manner among Participants.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(d) <u>Effect of Change in Control</u>. Any specific terms applicable to a Performance Award in the event of a Change in Control and not otherwise provided in the Plan shall be
      set forth in the applicable Award Agreement.</div>
    <div>&#160;</div>
    <table id="zb226c95affb6429589f957c3bb9c29e8" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">10.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><u>Share Awards</u>.</font></div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;The Committee may grant a Share Award, including Awards of fully vested Shares, to any Eligible Individual on such terms and conditions as the Committee may determine in its sole discretion;
      provided, that any dividend rights provided in respect of a Share Award shall be in compliance with Section 7 of the Plan. Share Awards may be made as additional compensation for services rendered by the Eligible Individual or may be in lieu of cash
      or other compensation to which the Eligible Individual is entitled from the Company.</div>
    <div>&#160;</div>
    <table id="z712636086d0343c78499cd99b3b3b95e" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">11.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;"><u>Cash-Based Awards.</u></div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;The Committee may grant Cash-Based Awards to any Eligible Individual in such amount and on such terms and conditions as the Committee may determine in its sole discretion at the time of grant. The
      Committee shall determine the maximum duration of the Cash-Based Award, the amount of cash to which the Cash-Based Award pertains, the conditions upon which the Cash-Based Award shall become vested or payable, and such other provisions as the
      Committee shall determine. Each Cash-Based Award shall specify a cash-dominated payment amount, formula or payment ranges as determined by the Committee. Payment, if any, with respect to a Cash-Based Award shall be made in cash and in accordance with
      the terms of the Award as the Administrator determines.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">18</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <table id="zf99139f244f8471fb50606655d127030" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">12.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;"><u>LTIP Units.</u></div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;The Committee shall have the right to grant LTIP Units or any other membership or ownership interests (which may be expressed as units or otherwise) in the Operating Partnership or any other
      Subsidiary (or other affiliate of the Company), with any Shares being issued in connection with the conversion of (or other distribution on account of) an interest granted under the authority of this Section 12 to be subject to Section 4 and the
      other provisions of the Plan, including the right to the payment of dividends pursuant to Section 7.</div>
    <div>&#160;</div>
    <table id="z2a891058522447dcb776d38bce92d475" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">13.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><u>Effect of a Termination; Transferability; Change in Time Commitment</u>.</font></div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;13.1.&#160;&#160;&#160;&#160;&#160;&#160; <u>Termination.</u> The Award Agreement evidencing the grant of each Award shall set forth the terms and conditions applicable to such Award upon Termination, which shall be as the
      Committee may, in its discretion, determine at the time the Award is granted or at any time thereafter.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;13.2.&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Transferability of Awards and Shares</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(a) <u>Non-Transferability of Awards</u>. Except as set forth in Section 13.2(c) or (d) or as otherwise permitted by the Committee and as set forth in the applicable Award
      Agreement, either at the time of grant or at any time thereafter, no Award shall be (i) sold, transferred or otherwise disposed of, (ii) pledged or otherwise hypothecated or (iii) subject to attachment, execution or levy of any kind; and any
      purported transfer, pledge, hypothecation, attachment, execution or levy in violation of this Section 13.2 shall be null and void.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(b) <u>Restrictions on Shares</u>. The Committee may impose such restrictions on any Shares acquired by a Participant under the Plan as it may deem advisable, including, without
      limitation, minimum holding period requirements, restrictions under applicable federal securities laws, restrictions under the requirements of any stock exchange or market upon which such Shares are then listed or traded and restrictions under any
      blue sky or state securities laws applicable to such Shares.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(c) <u>Transfers by Will or by Laws of Descent or Distribution</u>. Any Award may be transferred by will or by the laws of descent or distribution; provided, that (i) any
      transferred Award will be subject to all of the same terms and conditions as provided in the Plan and the applicable Award Agreement, and the Company will not be required to recognize any such transfer unless and until the transferee, as a condition
      of such transfer, delivers to the Company a written instrument in the form and substance satisfactory to the Company confirming that such transferee agrees to be bound by all the terms and conditions of the Award and (ii) the Participant&#8217;s estate or
      Beneficiary appointed in accordance with Section 13.2(d) will remain liable for any withholding tax that may be imposed by any federal, state or local tax authority.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">19</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(d) <u>Beneficiary Designation</u>. To the extent permitted by applicable law, the Company may from time to time permit each Participant to name one or more individuals (each, a &#8220;<u>Beneficiary</u>&#8221;)


      to whom any benefit under the Plan is to be paid or who may exercise any rights of the Participant under any Award granted under the Plan in the event of the Participant&#8217;s death before the Participant receives any or all of such benefit or exercises
      such Award. Each such designation shall revoke all prior designations by the same Participant, shall be in a form prescribed by the Company, and will be effective only when filed by the Participant in writing with the Company during the Participant&#8217;s
      lifetime. In the absence of any such designation or if any such designation is not effective under applicable law as determined by the Committee, benefits under Awards remaining unpaid at the Participant&#8217;s death and rights to be exercised following
      the Participant&#8217;s death shall be paid to or exercised by the Participant&#8217;s estate.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(e) <u>Domestic Relations Orders</u>. Subject to the approval of the Committee, Awards may be transferred pursuant to the terms of a domestic relations order, official marital
      settlement agreement or other divorce or separation instrument as permitted by Treasury Regulation 1.421-1(b)(2). If an Option is an Incentive Stock Option, such Option may be deemed to be a Nonstatutory Stock Option as a result of such transfer.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;13.3.&#160;&#160;&#160;&#160;&#160;&#160; <u>Change in Time Commitment</u>. In the event a Participant&#8217;s regular level of time commitment in the performance of such Participant&#8217;s services for the Company and any Subsidiary is
      reduced (for example, and without limitation, if the Participant is an Employee of the Company and the Employee has a change in status from a full-time Employee to a part-time Employee or takes an extended leave of absence) after the date of grant of
      any Award to the Participant, the Committee may determine, to the extent permitted by applicable law, to (a) make a corresponding reduction in the number of Shares or cash amount subject to any portion of such Award that is scheduled to vest or
      become payable after the date of such change in time commitment, and (b) in lieu of or in combination with such a reduction, extend the vesting or payment schedule applicable to such Award. In the event of any such reduction, the Participant will
      have no right with respect to any portion of the Award that is so reduced or extended.</div>
    <div>&#160;</div>
    <table id="z80c1b3fd90384e619129d8892961baef" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">14.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><u>Adjustment upon Changes in Capitalization</u>.</font></div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;14.1. &#160; &#160; &#160; In the event that (a) the outstanding Shares are changed into or exchanged for a different number or kind of shares of stock or other securities or other equity interests of the Company
      or another corporation or entity, whether through merger, consolidation, reorganization, recapitalization, reclassification, stock dividend, stock split, reverse stock split, substitution or other similar corporate event or transaction or (b) there
      is an extraordinary dividend or distribution by the Company in respect of its Shares or other capital stock or securities convertible into capital stock in cash, securities or other property (any event described in (a) or (b), an &#8220;<u>Adjustment Event</u>&#8221;),


      the Committee shall determine the appropriate adjustments, if any, to (i) the maximum number and kind of shares of stock or other securities or other equity interests as to which Awards may be granted under the Plan, (ii) the maximum number and class
      of Shares or other stock or securities that may be issued upon exercise of Incentive Stock Options, (iii) the number and kind of Shares or other securities covered by any or all outstanding Awards that have been granted under the Plan, (iv) the
      Option Price of outstanding Options and the Base Price of outstanding Stock Appreciation Rights, and (v) the Performance Objectives applicable to outstanding Performance Awards.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">20</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;14.2.&#160;&#160;&#160;&#160;&#160; Any such adjustment in the Shares or other stock or securities (a) subject to outstanding Incentive Stock Options (including any adjustments in the exercise price) shall be made in such a
      manner as not to constitute a modification as defined by Section 424(h)(3) of the Code and only to the extent otherwise permitted by Sections 422 and 424 of the Code, and (b) with respect to any Award that is not subject to Section 409A, in a manner
      that would not subject the Award to Section 409A and, with respect to any Award that is subject to Section 409A, in a manner that complies with Section 409A and all regulations and other guidance issued thereunder.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;14.3.&#160;&#160;&#160;&#160;&#160;&#160;&#160; If, by reason of an Adjustment Event, pursuant to an Award, a Participant shall be entitled to, or shall be entitled to exercise an Award with respect to, new, additional or different
      shares of stock or securities of the Company or any other corporation, such new, additional or different shares shall thereupon be subject to all of the conditions, restrictions and performance criteria which were applicable to the Shares subject to
      the Award prior to such Adjustment Event.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;14.4.&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);">Any adjustment provided under this Section 14 may provide for the elimination of any fractional share that might otherwise become subject to an Award.</font></div>
    <div>&#160;</div>
    <table id="z04a51c7da03647199a9c5bd2a4368e40" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">15.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><u>Effect of Certain Transactions</u>.</font></div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;15.1.&#160;&#160;&#160;&#160;&#160;&#160; Except as otherwise provided in the applicable Award Agreement, in connection a Corporate Transaction, either:</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(a) outstanding Awards shall, unless otherwise provided in connection with a Corporate Transaction, continue following the Corporate Transaction and shall be adjusted if and as
      provided for in the agreement or plan (in the case of a liquidation or dissolution) entered into or adopted in connection with the Corporate Transaction (the &#8220;<u>Transaction Agreement</u>&#8221;), which may include, in the sole discretion of the Committee
      or the parties to the Corporate Transaction, the assumption or continuation of such Awards by, or the substitution for such Awards of new awards of, the surviving, successor or resulting entity, or a parent or subsidiary thereof, with such
      adjustments as to the number and kind of shares or other securities or property subject to such new awards, exercise prices and other terms of such new awards as the Committee or the parties to the Corporate Transaction shall agree, or</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(b) outstanding Awards shall terminate upon the consummation of the Corporate Transaction; provided, that vested Awards shall not be terminated without:</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 76.5pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;in the case of vested Options and Stock Appreciation Rights (including those Options and Stock Appreciation Rights that would become vested upon the consummation of
      the Corporate Transaction), (1) providing the holders of affected Options and Stock Appreciation Rights a period of at least 15 days prior to the date of the consummation of the Corporate Transaction to exercise the Options and Stock Appreciation
      Rights, or (2) providing the holders of affected Options and Stock Appreciation Rights payment (in cash or other consideration upon or immediately following the consummation of the Corporate Transaction, or, to the extent permitted by Section 409A,
      on a deferred basis) in respect of each Share covered by the Option or Stock Appreciation Rights being canceled an amount equal to the excess, if any, of the per-Share consideration to be paid or distributed to stockholders in the Corporate
      Transaction (the value of any non-cash consideration to be determined by the Committee in good faith) over the Option Price of the Option or the Base Price of the Stock Appreciation Rights, or</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">21</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 76.5pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160; in the case of vested Awards other than Options or Stock Appreciation Rights (including those Awards that would become vested upon the consummation of the Corporate
      Transaction), providing the holders of affected Awards payment (in cash or other consideration upon or immediately following the consummation of the Corporate Transaction, or, to the extent permitted by Section 409A, on a deferred basis) in respect
      of each Share covered by the Award being canceled of the per-Share consideration to be paid or distributed to stockholders in the Corporate Transaction, in each case with the value of any non-cash consideration to be determined by the Committee in
      good faith.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(c) For the avoidance of doubt, if the amount determined pursuant to Section 15.1(b)(i)(2) above is zero or less, the affected Option or Stock Appreciation Rights may be terminated
      without any payment therefor.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;15.2.&#160;&#160;&#160;&#160;&#160;&#160; Without limiting the generality of the foregoing or being construed as requiring any such action, solely with respect to unvested Options, Stock Appreciation Rights, and other Awards
      (other than Options and Stock Appreciation Rights) that are not continued following the Corporate Transaction as provided in Section 15.1(a), except as otherwise set forth in the applicable Award Agreement, in connection with any such Corporate
      Transaction, the Committee may, in its sole and absolute discretion, cause any of the following actions to be taken effective upon or at any time prior to any Corporate Transaction (and any such action may be made contingent upon the occurrence of
      the Corporate Transaction):</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(a) cause any or all unvested Awards to become fully vested and immediately exercisable (as applicable) and/or provide the holders of any such Options and Stock Appreciation Rights
      a reasonable period of time prior to the date of the consummation of the Corporate Transaction to exercise the Options and Stock Appreciation Rights;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(b) with respect to unvested Options and Stock Appreciation Rights that are terminated in connection with the Corporate Transaction, provide to the holders thereof a payment (in
      cash and/or other consideration) in respect of each Share covered by the Option or Stock Appreciation Right being terminated in an amount equal to all or a portion of the excess, if any, of the per-Share consideration to be paid or distributed to
      stockholders in the Corporate Transaction (the value of any non-cash consideration to be determined by the Committee in good faith) over the exercise price of the Option or the Base Price of the Stock Appreciation Right, which may be paid in
      accordance with the vesting schedule of the Award as set forth in the applicable Award Agreement, upon the consummation of the Corporate Transaction or, to the extent permitted by Section 409A, at such other time or times as the Committee may
      determine;</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">22</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(c) with respect to unvested Awards (other than Options or Stock Appreciation Rights) that are terminated in connection with the Corporate Transaction, provide to the holders
      thereof a payment (in cash and/or other consideration) in respect of each Share covered by the Award being terminated in an amount equal to all or a portion of the per-Share consideration to be paid or distributed to stockholders in the Corporate
      Transaction (the value of any non-cash consideration to be determined by the Committee in good faith), which may be paid in accordance with the vesting schedule of the Award as set forth in the applicable Award Agreement, upon the consummation of the
      Corporate Transaction or, to the extent permitted by Section 409A, at such other time or times as the Committee may determine.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(d) For the avoidance of doubt, if the amount determined pursuant to Section 15.2(b) above is zero or less, the affected Option or Stock Appreciation Rights may be terminated
      without any payment therefor.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;15.3.&#160;&#160;&#160;&#160; &#160;&#160; Notwithstanding anything to the contrary in this Plan or any Agreement,</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(a) the Committee may, in its sole discretion, provide in the Transaction Agreement or otherwise for different treatment for different Awards or Awards held by different
      Participants and, where alternative treatment is available for a Participant&#8217;s Awards, may allow the Participant to choose which treatment shall apply to such Participant's Awards;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(b) any action permitted under this Section 15 may be taken without the need for the consent of any Participant. To the extent a Corporate Transaction also constitutes an
      Adjustment Event and action is taken pursuant to this Section 15 with respect to an outstanding Award, such action shall conclusively determine the treatment of such Award in connection with such Corporate Transaction notwithstanding any provision of
      the Plan to the contrary (including Section 14); and</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(c) to the extent the Committee chooses to make payments to affected Participants pursuant to Section 15.1(b)(i)(2), Section 15.1(b)(ii), Section 15.2(b) or Section 15.2(c) above,
      any Participant who has not returned any letter of transmittal or similar acknowledgment that the Committee requires be signed in connection with such payment within the time period established by the Committee for returning any such letter or
      similar acknowledgement shall forfeit such Participant&#8217;s right to any payment and such Participant&#8217;s associated Awards may be canceled without any payment therefor.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;15.4.&#160;&#160;&#160;&#160;&#160;&#160; In addition to the foregoing, in connection with any Corporate Transaction, prior to any payment or adjustment contemplated herein, the Committee may require a Participant to (A)
      represent and warrant as to the Participant&#8217;s unencumbered title to the Awards, (B) bear such Participant&#8217;s pro-rata share of any post-closing indemnity obligations and be subject to the same post-closing purchase price adjustments, escrow terms,
      offset rights, holdback terms, and similar conditions as the other holders of Shares, and (C) deliver customary transfer documentation as reasonably determined by the Committee, including a letter of transmittal or similar acknowledgment as a
      condition to receiving any payment in respect of such Participant&#8217;s Awards in connection with a Corporate Transaction, in which case any Participant who has not returned any such letter or similar acknowledgment within the time period established by
      the Committee and with due regard for the requirements of Section 409A for returning any such letter or similar acknowledgement will forfeit such Participant&#8217;s right to any payment, and such Participant&#8217;s associated Award may be canceled without any
      payment therefor.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">23</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <table id="zb07872a5ce5249dca2c1d2f59a97da6a" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">16.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><u>Interpretation</u>.</font></div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;16.1.&#160;&#160;&#160;&#160;&#160;&#160; <u>Section 16 Compliance</u>. The Plan is intended to comply with Rule 16b-3 promulgated under the Exchange Act and the Committee shall interpret and administer the provisions of the
      Plan or any Award Agreement in a manner consistent therewith. Any provisions inconsistent with such Rule shall be inoperative and shall not affect the validity of the Plan.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;16.2.&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Compliance with Section 409A</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(a) All Awards granted under the Plan are intended either not to be subject to Section 409A or, if subject to Section 409A, to be administered, operated and construed in compliance
      with Section 409A. Notwithstanding this or any other provision of the Plan or any Award Agreement to the contrary, the Committee may amend the Plan or any Award granted hereunder in any manner or take any other action that it determines, in its sole
      discretion, is necessary, appropriate or advisable (including replacing any Award) to cause the Plan or any Award granted hereunder to comply with Section 409A or to not be subject to Section 409A. Any such action, once taken, shall be deemed to be
      effective from the earliest date necessary to avoid a violation of Section 409A and shall be final, binding and conclusive on all Participants and other individuals having or claiming any right or interest under the Plan.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(b) Notwithstanding anything to the contrary in this Plan or in an Award Agreement, solely with respect to any Award that provides for a &#8220;deferral of compensation,&#8221; as that term is
      defined under Section 409A:</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 76.5pt;">(i)&#160;&#160;&#160;&#160; &#160;&#160;&#160; if the definition of Change in Control or Corporate Transaction is required to comply with the requirements of Section 409A in order for such Award to comply with
      Section 409A, then no transaction or series of transactions otherwise constituting a Change in Control or Corporate Transaction, as applicable, as defined in the Plan, will be considered a Change in Control or Corporate Transaction, as applicable,
      for such purposes unless it also qualifies as a change in the ownership or effective control of an appropriate entity, or in the ownership of a substantial portion of the assets thereof, within the meaning of Section 409A;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 76.5pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; if the definition of Disability is required to comply with the requirements of Section 409A in order for such Award to comply with Section 409A, then the Participant
      holding such Award will not be deemed to have experienced a Disability for purposes of determining the payment date of such Award unless the Participant both satisfies the definition of Disability in the Plan <u>and</u> either (x) is unable to
      engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, or (y) is, by
      reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less
      than three months under an accident and health plan covering employees of the Participant&#8217;s employer; and</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">24</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 76.5pt;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160; if the definition of Termination is required to constitute a &#8220;separation from service&#8221; within the meaning of Section 409A in order for such Award to comply with
      Section 409A, then (x) the Participant holding such Award will not be deemed to have experienced a Termination for purposes of determining the payment date of such Award unless the Participant has experienced a Termination, as defined in the Plan, as
      well as a &#8220;separation from service&#8221; within the meaning of Section 409A (without regard to any alternative definitions thereunder), and (y) if the Participant is a &#8220;specified employee&#8221; for purposes of Section 409A, no distribution or payment of any
      amount that is due because of the &#8220;separation from service&#8221; will be issued or paid before the date that is six months and one day following the date of such Participant&#8217;s &#8220;separation from service&#8221; or, if earlier, the date of the Participant&#8217;s death,
      unless such distribution or payment can be made in a manner that complies with Section 409A, and any amounts so deferred will be paid in a lump sum on the day after such six month period elapses, with the balance paid thereafter on the original
      schedule.</div>
    <div>&#160;</div>
    <table id="zfa7a794fd7ad4f42948b077aaacb4a8e" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">17.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><u>Term; Plan Termination and Amendment of the Plan; Modification of Awards</u>.</font></div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;17.1.&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Term</u>. The Plan shall terminate on the Plan Termination Date and no Award shall be granted after that date. The applicable terms of the Plan and any terms and conditions
      applicable to Awards granted prior to the Plan Termination Date shall survive the termination of the Plan and continue to apply to such Awards.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;17.2.&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Plan Amendment or Plan Termination</u>. The Committee may earlier terminate the Plan and the Committee may at any time and from time to time amend, modify or suspend the Plan;
      provided, that:</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(a) no such amendment, modification, suspension or termination shall materially impair or materially and adversely alter any Awards theretofore granted under the Plan, except with
      the consent of the Participant, nor shall any amendment, modification, suspension or termination deprive any Participant of any Shares which the Participant may have acquired through or as a result of the Plan, except in either case, as the Committee
      deems necessary or appropriate to comply with applicable law or the rules and regulations of any governmental authority; and</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(b) to the extent necessary under any applicable law, regulation or exchange requirement or as provided in Section 3.8, no other amendment shall be effective unless approved by the
      stockholders of the Company in accordance with applicable law, regulation or exchange requirement.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">25</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;17.3.&#160;&#160;&#160;&#160;&#160;&#160; <u>Modification of Awards</u>. Except as expressly provided herein, no modification of an Award shall materially and adversely alter or impair any rights or obligations under the Award
      without the consent of the Participant.</div>
    <div>&#160;</div>
    <table id="ze3349a18ab684a8fbb724770cdabf37f" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">18.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><u>Non-Exclusivity of the Plan</u>.</font></div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;The adoption of the Plan by the Board shall not be construed as amending, modifying or rescinding any previously approved incentive arrangement or as creating any limitations on the power of the
      Board to adopt such other incentive arrangements as it may deem desirable, including, without limitation, the granting of stock options otherwise than under the Plan, and such arrangements may be either applicable generally or only in specific cases.</div>
    <div>&#160;</div>
    <table id="z273a861e57514b08a950926a736ed9e8" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">19.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><u>Limitation of Liability</u>.</font></div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;As illustrative of the limitations of liability of the Company, but not intended to be exhaustive thereof, nothing in the Plan shall be construed to:</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(a) give any Person any right to be granted an Award other than at the sole discretion of the Committee;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(b) limit in any way the right of the Company or any of its Subsidiaries to terminate the employment of or the provision of services by any Person at any time;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(c) be evidence of any agreement or understanding, express or implied, that the Company will pay any Person at any particular rate of compensation or for any particular period of
      time; or</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(d) be evidence of any agreement or understanding, express or implied, that the Company will employ any Person at any particular rate of compensation or for any particular period
      of time.</div>
    <div>&#160;</div>
    <table id="z00bcf473aa8f48bea91dbf300f4b6d10" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">20.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><u>Regulations and Other Approvals; Governing Law</u>.</font></div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;20.1. &#160; &#160; &#160;&#160; <u>Governing Law</u>. Except as to matters of federal law, the Plan and the rights of all Persons claiming hereunder shall be construed and determined in accordance with the laws of
      the State of Maryland without giving effect to conflicts of laws principles thereof.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;20.2. &#160; &#160; &#160;&#160; <u>Compliance with Law</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(a) The obligation of the Company to sell or deliver Shares with respect to Awards granted under the Plan shall be subject to all applicable laws, rules and regulations, including
      all applicable federal and state securities laws, and the obtaining of all such approvals by governmental agencies as may be deemed necessary or appropriate by the Committee.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(b) The Committee may make such changes as may be necessary or appropriate to comply with the rules and regulations of any government authority or to obtain for Eligible
      Individuals granted Incentive Stock Options the tax benefits under the applicable provisions of the Code and regulations promulgated thereunder.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">26</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt; margin-left: 18pt;">(c) Each grant of an Award and the issuance of Shares or other settlement of the Award is subject to compliance with all applicable federal, state and foreign law. Further, if at
      any time the Committee determines, in its discretion, that the listing, registration or qualification of Shares issuable pursuant to the Plan is required by any securities exchange or under any federal, state or foreign law, or that the consent or
      approval of any governmental regulatory body is necessary or desirable as a condition of, or in connection with, the grant of an Award or the issuance of Shares, no Awards shall be or shall be deemed to be granted or payment made or Shares issued, in
      whole or in part, unless listing, registration, qualification, consent or approval has been effected or obtained free of any conditions that are not acceptable to the Committee. Any Person exercising an Option or receiving Shares in connection with
      any other Award shall make such representations and agreements and furnish such information as the Committee may request to assure compliance with the foregoing or any other applicable legal requirements.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;20.3.&#160;&#160; &#160; &#160; <u>Transfers of Plan Acquired Shares</u>. Notwithstanding anything contained in the Plan or any Award Agreement to the contrary, in the event that the disposition of Shares acquired
      pursuant to the Plan is not covered by a then current registration statement under the Securities Act and is not otherwise exempt from such registration, such Shares shall be restricted against transfer to the extent required by the Securities Act
      and Rule 144 thereof or other regulations promulgated thereunder. The Committee may require any individual receiving Shares pursuant to an Award granted under the Plan, as a condition precedent to receipt of such Shares, to represent and warrant to
      the Company in writing that the Shares acquired by such individual are acquired without a view to any distribution thereof and will not be sold or transferred other than pursuant to an effective registration thereof under the Securities Act or
      pursuant to an exemption applicable under the Securities Act or the rules and regulations promulgated thereunder. The certificates evidencing any of such Shares shall be appropriately amended or have an appropriate legend placed thereon to reflect
      their status as restricted securities as aforesaid.</div>
    <div>&#160;</div>
    <table id="z6e98ca96dd47417aa81302bd5592f87d" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 36pt;"><br>
          </td>
          <td style="width: 36pt; vertical-align: top;">21.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: 'Times New Roman',Times,serif;"><font style="font-family: 'Times New Roman'; font-weight: bold;"><u>Miscellaneous</u>.</font></div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;21.1.&#160;&#160;&#160;&#160;&#160;&#160; <u>Award Agreements</u>. Each Award Agreement shall either be (a) in writing in a form approved by the Committee and executed on behalf of the Company by an officer duly authorized to
      act on its behalf, or (b) an electronic notice in a form approved by the Committee and recorded by the Company (or its designee) in an electronic recordkeeping system used for the purpose of tracking Awards as the Committee may provide. If required
      by the Committee, an Award Agreement shall be executed or otherwise electronically accepted by the recipient of the Award in such form and manner as the Committee may require. The Committee may authorize any officer of the Company to execute any or
      all Award Agreements on behalf of the Company.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">27</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;21.2.&#160;&#160;&#160;&#160;&#160;&#160; <u>Forfeiture Events; Clawback</u>. The Committee may specify in an Award Agreement or in any policy of the Company, whether adopted prior to or subsequent to the grant date of an
      Award, that the Participant&#8217;s rights, payments, and benefits with respect to an Award shall be subject to reduction, cancellation, forfeiture, clawback or recoupment upon the occurrence of certain specified events or as required by law, in addition
      to any otherwise applicable forfeiture provisions that apply to the Award. Without limiting the generality of the foregoing, any Award under the Plan (whenever granted) shall be subject to the terms of any clawback policy maintained by the Company or
      as required by law, as it may be amended from time to time.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;21.3.&#160;&#160;&#160;&#160;&#160;&#160; <u>Right of Offset</u>. The Company has the right to offset against its obligation to deliver Shares (or other property or cash) under the Plan or any Award Agreement any undisputed
      outstanding amounts that the Participant then owes to the Company (including, without limitation, travel and entertainment, advance account balances, loans, or amounts repayable to the Company pursuant to tax equalization, housing, automobile, or
      other employee programs); provided, that the Participant is first offered the opportunity to pay cash for such outstanding amounts. Notwithstanding the foregoing, the Committee has no right to offset against its obligation to deliver Shares (or other
      property or cash) under the Plan in respect of any Awards or in respect of any non-qualified deferred compensation amounts if such offset would subject the Participant to an additional tax imposed under Section 409A of the Code.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;21.4.&#160;&#160;&#160;&#160;&#160;&#160; <u>Waiver of Claims</u>. Each Participant who receives an Award recognizes and agrees that, before being selected by the Committee to receive an Award, the Participant has no right to
      any benefits under such Award. Accordingly, in consideration of the Participant&#8217;s receipt of any Award hereunder, the Participant expressly waives any right to contest the amount of any Award, the terms of any Award Agreement, any determination,
      action, or omission hereunder or under any Award Agreement by the Board, the Committee, the Company, or its Subsidiaries, or any amendment to the Plan or any Award Agreement (other than an amendment to the Award Agreement for which such Participant&#8217;s
      consent is expressly required by the terms of the Award Agreement or the Plan).</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;21.5.&#160;&#160; &#160; &#160;&#160; <u>Multiple Agreements</u>. The terms of each Award may differ from other Awards granted under the Plan at the same time or at some other time. The Committee may also grant more than
      one Award to a given Eligible Individual during the term of the Plan, either in addition to or, subject to Section 3.8, in substitution for one or more Awards previously granted to that Eligible Individual.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;21.6.&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Withholding of Taxes</u>. The Company or any of its Subsidiaries may withhold from any payment of cash or Shares to a Participant or other Person under the Plan an amount sufficient
      to cover any withholding taxes which may become required with respect to such payment or take any other action it deems necessary or appropriate to satisfy any income or other tax withholding requirements as a result of the grant, exercise, vesting
      or settlement of any Award under the Plan. The Company or any of its Subsidiaries shall have the right to require the payment of any such taxes or to withhold from wages or other amounts otherwise payable to a Participant or other Person, and require
      that the Participant or other Person furnish all information deemed necessary or appropriate by the Company or any of its Subsidiaries to meet any tax reporting obligation as a condition to exercise or before making any payment or the issuance or
      release of any Shares pursuant to an Award. If the Participant or other Person shall fail to make such tax payments as are required, the Company or its Subsidiaries shall, to the extent permitted by law, have the right to deduct any such taxes from
      any payment of any kind otherwise due to such Participant or other Person or to take such other action as may be necessary or appropriate to satisfy such withholding obligations. If specified in an Award Agreement at the time of grant or otherwise
      approved by the Committee in its sole discretion, a Participant may, in satisfaction of such Participant&#8217;s obligation to pay withholding taxes in connection with the exercise, vesting or other settlement of an Award, elect to (a) make a cash payment
      to the Company, (b) have withheld a portion of the Shares then issuable to such Participant or the cash otherwise payable to such Participant pursuant to an Award, (c) deliver Shares owned by the Participant prior to the exercise, vesting or other
      settlement of an Award, in each case having an aggregate Fair Market Value equal to the withholding taxes, or (d) utilize a cashless settlement procedure through a registered broker-dealer pursuant to such cashless settlement procedures that are,
      from time to time, deemed acceptable by the Committee. As a condition to accepting an Award under the Plan, in the event that the amount of the Company&#8217;s or its Subsidiary&#8217;s withholding obligation in connection with such Award was greater than the
      amount actually withheld by the Company and its Subsidiaries, each Participant agrees to indemnify and hold the Company and its Subsidiaries harmless from any failure by the Company and its Subsidiaries to withhold the proper amount.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">28</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;21.7.&#160;&#160;&#160;&#160;&#160;&#160; <u>No Duty to Minimize Taxes</u>. The Company has no duty or obligation to minimize the tax consequences of an Award to the holder of such Award and will not be liable to any holder of
      an Award for any adverse tax consequences to such holder in connection with an Award. As a condition to accepting an Award under the Plan, each Participant (a) agrees to not make any claim against the Company, its Subsidiaries, or any of its
      officers, directors or employees related to tax liabilities arising from such Award or other Company compensation and (b) acknowledges that such Participant was advised to consult with the Participant&#8217;s own personal tax, financial and other legal
      advisors regarding the tax consequences of the Award and has either done so or knowingly and voluntarily declined to do so.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;21.8.&#160;&#160;&#160; &#160;&#160; <u>Disposition of ISO Shares</u>. If a Participant makes a disposition, within the meaning of Section 424(c) of the Code and regulations promulgated thereunder, of any Share or Shares
      issued to such Participant pursuant to the exercise of an Incentive Stock Option within the two-year period commencing on the day after the date of the grant or within the one-year period commencing on the day after the date of transfer of such Share
      or Shares to the Participant pursuant to such exercise, the Participant shall, within ten days of such disposition, notify the Company thereof, by delivery of written notice to the Company at its principal executive office.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 72pt;">&#160;21.9.&#160;&#160;&#160;&#160;&#160;&#160; <u>Plan Unfunded</u>. The Plan shall be unfunded. Except for reserving a sufficient number of authorized Shares to the extent required by law to meet the requirements of the Plan, the
      Company shall not be required to establish any special or separate fund or to make any other segregation of assets to assure payment of any Award granted under the Plan.</div>
    <div style="text-align: justify; text-indent: 72pt;"> <br>
    </div>
    <div style="text-align: justify; text-indent: 72pt;"> <br>
    </div>
    <div>
      <div style="text-align: center; font-size: 8pt;"><font style="font-weight: normal; font-style: normal;" class="BRPFPageNumber">29</font></div>
      <hr style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;" align="center" noshade="noshade"></div>
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<DOCUMENT>
<TYPE>EX-FILING FEES
<SEQUENCE>5
<FILENAME>ny20036129x13_ex107.htm
<DESCRIPTION>FILING FEES TABLE
<TEXT>
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  <div>
    <div style="text-align: right; font-weight: bold;">Exhibit 107</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">CALCULATION OF FILING FEE TABLES</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">FORM S-8</div>
    <div style="text-align: center; font-weight: bold;">(Form Type)</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">FrontView REIT, Inc.</div>
    <div style="text-align: center; font-weight: bold;">(Exact Name of Registrant as Specified in its Charter)</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Table 1: Newly Registered and Carry Forward Securities</div>
    <div><br>
    </div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z7a24c2309d214a83b282757ed0e05261" border="0" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Security </div>
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Type</div>
          </td>
          <td style="width: 20%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Security Class Title</div>
          </td>
          <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Fee </div>
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Calculation </div>
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Rule</div>
          </td>
          <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Amount </div>
            <div style="text-align: center; font-weight: bold;">Registered</div>
            <div style="text-align: center; font-weight: bold;"> <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)(2)</sup></div>
          </td>
          <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><font style="font-family: 'Times New Roman'; font-weight: bold; color: rgb(0, 0, 0);">Proposed </font></div>
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(0, 0, 0);">Maximum</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</font></div>
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><font style="font-family: 'Times New Roman';"><font style="font-weight: bold; color: rgb(0, 0, 0);">Offering </font></font></div>
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><font style="font-family: 'Times New Roman';"><font style="font-weight: bold; color: rgb(0, 0, 0);">Price</font>&#160;</font></div>
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><font style="font-family: 'Times New Roman';"><font style="font-weight: bold; color: rgb(0, 0, 0);">Per Unit</font><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">(3)</sup></font></div>
          </td>
          <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;"><font style="font-weight: bold; color: rgb(0, 0, 0);">Maximum</font>&#160;</div>
            <div style="text-align: center;"><font style="font-weight: bold; color: rgb(0, 0, 0);">Aggregate</font>&#160;</div>
            <div style="text-align: center;"><font style="font-weight: bold; color: rgb(0, 0, 0);">Offering Price</font></div>
          </td>
          <td style="width: 10.19%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Fee Rate</div>
          </td>
          <td style="width: 10%; vertical-align: bottom; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(0, 0, 0);">Amount of</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</font></div>
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><font style="font-family: 'Times New Roman';"><font style="font-weight: bold; color: rgb(0, 0, 0);">Registration </font></font></div>
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><font style="font-family: 'Times New Roman';"><font style="font-weight: bold; color: rgb(0, 0, 0);">Fee</font><sup style="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup></font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; color: rgb(0, 0, 0);">Fees to Be Paid</div>
          </td>
          <td style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; color: rgb(0, 0, 0);">Equity</div>
          </td>
          <td style="width: 20%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center;">Common Stock, $0.01 par value per share</div>
          </td>
          <td style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center;">Rule 457(c) and 457(h)</div>
          </td>
          <td style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center;">
              <div style="font-family: 'Times New Roman',Times,serif;">1,722,719</div>
            </div>
          </td>
          <td style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center;">$18.73</div>
          </td>
          <td style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center;">$32,266,526.87</div>
          </td>
          <td style="width: 10.19%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center;">0.00015310</div>
          </td>
          <td style="width: 10%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center;">$4,940.01</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td colspan="3" style="vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Total Offering Amounts</div>
          </td>
          <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">$32,266,526.87</div>
          </td>
          <td style="width: 10.19%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: rgb(0, 0, 0);">$4,940.01</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td colspan="3" style="vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Total Fees Previously Paid</div>
          </td>
          <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 10.19%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#8212;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td colspan="3" style="vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Total Fee Offsets</div>
          </td>
          <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 10.19%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: rgb(0, 0, 0);">&#8212;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td colspan="3" style="vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Net Fee Due</div>
          </td>
          <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 10%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 10.19%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; color: rgb(0, 0, 0);">$4,940.01</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 18pt; vertical-align: top;">(1)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-family: 'Times New Roman',Times,serif;">Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), the registration statement on&#160; Form S-8 shall also cover any additional shares of common
                stock, $0.01 par value per share (&#8220;Common Stock&#8221;) of FrontView REIT Inc. (the &#8220;Registrant&#8221;) that become issuable under the FrontView REIT, Inc. 2024 Omnibus Equity and Incentive Plan (the &#8220;2024 Plan&#8221;) by reason of any stock dividend, stock
                split, recapitalization or other similar transaction effected without the Registrant&#8217;s receipt of consideration that results in an increase in the number of the outstanding shares of Common Stock.</div>
            </td>
          </tr>

      </table>
    </div>
    <div> <br>
    </div>
    <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zb3ead0e938554f33ba6d0aad1937e775" cellpadding="0" cellspacing="0">

        <tr>
          <td style="width: 18pt; vertical-align: top;">(2)</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Represents 1,722,719 shares of Common Stock reserved for issuance under the 2024 Plan.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div>
      <table style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" cellpadding="0" cellspacing="0">

          <tr>
            <td style="width: 18pt; vertical-align: top;">(3)</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) and Rule 457(h) of the Securities Act. Represents the average of the high and the low sale prices of the Registrant&#8217;s Common Stock as
                  reported on the New York Stock Exchange on October 2, 2024.</div>
            </td>
          </tr>

      </table>
    </div>
    <div> <br>
    </div>
    <div> <br>
    </div>
    <div>
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<SEQUENCE>6
<FILENAME>ny20036129x13_ex5-1image01.jpg
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
