Company: LXP
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001539497-25-001131
Chunk: 14

Company: LXP Industrial Trust
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 14
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 establishing other significant relationships with businesses, 
 institutions, governmental units or regulatory entities, particularly those that may result in significant time commitments or a change     
 in the trustee’s relationship to the Trust, and (ii) trustees should not serve on more than three other boards of public companies,         
 and (iii) no member of the Audit and Cyber Risk Committee should serve on more than three public company audit committees (including the    
 Trust’s Audit and Cyber Risk Committee).                                                                                                    |

| ● | No trustee serves on the board of three or more other public companies. |

<div align='center'>Independence:</div>

| ● | Our Corporate Governance Guidelines and the rules and regulations of the New York Stock Exchange (the          
 “NYSE”) each require that a majority of our Board of Trustees are “independent” as that term is defined in the 
 rules and regulations of the NYSE.                                                                             |

| ● | The Nominating and ESG Committee, on behalf of our Board of Trustees, performed its annual independence                                
 review and determined that, except for Mr. Eglin, our trustees are independent. Mr. Eglin is not independent because of his role as an 
 executive officer of the Company.                                                                                                      |

| 20 |

<div align='center'>Committees of our Board of Trustees Our Board of Trustees has three standing committees: Audit and Cyber Risk Committee, Compensation Committee and Nominating and ESG Committee. Each of our committees consists solely of trustees meeting the independence requirements of applicable NYSE rules and our independence standards and are “non-employee directors” within the meaning of Rule 16b-3 of the Exchange Act, and our Audit and Cyber Risk Committee consists solely of trustees meeting the independence requirements of Rule 10A-3 under the Exchange Act. Each committee operates under a written charter, all of which were reviewed by the Nominating and ESG Committee, the respective members of the applicable committee and the Board of Trustees during 2024. The charters of each of our standing committees are available on our web site at www.LXP.com.The contents of our website are not incorporated into this Proxy Statement. Each committee operates with transparency and every trustee is invited to attend quarterly in-person meetings of each committee and the quarterly Audit and Cyber Risk Committee meetings to review our financial statements, regardless of committee membership.</div>

| Audit and Cyber Risk Committee Members:                                                                                               
 Howard Roth (Chair)                                                                                                                   
 Arun Gupta                                                                                                                            
 Jamie Handwerker                                                                                                                      
 Derrick Johnson                                                                                                                       
 Independence: All