Document:

Exhibit 10.7

  

Technical
Development (Commission) Contract

  

Project
Name: Construction Project for Information Platform in Phase I of Nanning Comprehensive Bonded Area

 

Commissioning
Party (Party A): Guangxi Nanning DangdaiFengyun Investment Management Co., Ltd

 

Commissioned
Party (Party B): Zhuhai PowerBridge Technology Co., Ltd

 

Signature
Date: July, 2016 

 

Signature
Address: Zhuhai 

 

Period
of Validity: One Year 

  

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Commissioning
Party (Party A): Guangxi Nanning Dangdai Fengyun Investment Management Co., Ltd 

 

Address:
Floor 12, Tower A, Industry Building, Nanning Advertisement Industrial Park, No. 28, Binhe Road, Nanning 

 

Legal
Representative: Huang Weiping 

 

Project
Contact Person: Lu Hengyu 

 

Contact
information: 0771-5816916 

 

E-mail:
/__________________________

 

Address:
Floor 12, Tower A, Industry Building, Nanning Advertisement Industrial Park, No. 28, Binhe Road, Nanning 

 

Telephone:
0771-5816916  Fax: 0771-5816916 

 

Commissioned
Party (Party B): Zhuhai PowerBridge Technology Co., Ltd 

 

Address:
Floor D-1, Southern Software Park, No. 1, Software Park Road, Tangjiawan, Zhuhai 

 

Legal
Representative: BAN LOR 

 

Project
Contact Person: Li Jin 

 

Contact
information: 13978825992 

 

E-mail:
Jinli@powerbridge.com 

 

Correspondence
Address: Floor D-1, Southern Software Park, No. 1, Software Park Road, Tangjiawan, Zhuhai

  

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Telephone:
0756-3395666  Fax: 0756-3395667 

 

Service
Hotline: 400-885-4114 

 

Bank
Name: Bank of Communications Zhuhai Branch Xiangzhou Sub-branch 

 

Account
Name: Zhuhai PowerBridge Technology Co., Ltd 

 

Bank
Account: 444000091018000745538 

 

Upon
the procurement tender procedure of Guangxi Nanning Municipal Government, Party A accepts the bid of Party B for the Project,
and determines Party B as the construction unit for the Construction Project for Information Platform in Phase I of Nanning Comprehensive
Bonded Area. In accordance with the Contract Law of the People's Republic of China, the Copyright Law of the
People's Republic of China and other relevant laws and rules, and on the basis of consensus reached through full consultations
in the principle of mutual understanding and equal cooperation, Party A and Party B come to agreement for relevant affairs about
the Project and hereby authorize their respective representatives to sign the Contract (hereinafter short for “the Contract)
with below terms and conditions.

  

		1	Procurement
                                         Scope and Content

 

		1.1	Procurement
                                         Name: Party B shall supply deliverables in the Construction Project for Information
                                         Platform in Phase I of Nanning Comprehensive Bonded Area (refer to the Project
                                         Equipment List for detailed information) As for the detailed information about
                                         the final software and hardware list, Party B shall investigate and analyze the demands
                                         of Party A according to the actual requirements of the Project after the kick-off of
                                         the Project. Both parties shall work together to confirm the software functions, hardware
                                         facilities, hardware configuration and service items and perform supplements and improvement
                                         for relevant Schedules of the Contract like technical specification. Under the supervision
                                         and confirmation of the supervision authority, Party A and Party B shall then sign to
                                         confirm the final version of Project Equipment List and Software
                                         Function Confirmation Letter to guarantee that the platform could reach the requirements
                                         described in the bid documents.

 

		1.2	In
                                         the event that the procurement quantity determined in the Project Equipment List
                                         and Software Confirmation Letter is not consistent with the actual
                                         quantity used, Party A will negotiate with Party B to sign a supplementary contract without
                                         making any changes to other terms and conditions of the Contract. Party B shall supply
                                         goods according to the actual use quantity of the Project. Both parties shall calculate
                                         the final settlement amount according to the actual use quantity and actual engineering
                                         quantity of the Project.

  

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		2	Contract
                                         Price

 

	No.	 	 	Item Contents	 	Price (Yuan)	 
	 	1	 	 	Equipment procurement	 	 	23,988,800	 
	 	2.	 	 	Software development and technical service fee	 	 	3,600,000	 
	 	 	 	 	Total Contract Amount: RMB Twenty-seven Million Five Hundred and Eighty-eight Thousand Eight Hundred Yuan in Total	 	 	27,588,800	 

 

 

		3	Delivery
                                         Requirements

 

3.1       Delivery
Date: complete the delivery, installation and commissioning before July 31, 2016

 

3.2       Place
of Delivery: A place in Nanning City (place designated by the Purchaser)

 

3.3       Delivery
Method: Site construction and training 

  

		4	Quality
                                         Guarantee Deposit for the Project

 

		4.1	After
                                         the acceptance of the Project, the amount equivalent with 5% of the contract amount will
                                         be used as the quality guarantee deposit. Upon the maturity of the warranty period, Party
                                         A shall refund the corresponding amount to Party B according to terms and conditions
                                         of the Contract.

 

		5	Quality
                                         Assurance and After-sales Services

 

		5.1	Warranty
                                         Period:

 

Hardware:
one year from the date of arrival of the hardware equipment;

Software: One year from the date of on-line operation of the software system.

 

		5.2	In
                                         the warranty period, Party B shall assume quality assurance liabilities for all software
                                         and hardware supplied by it, without any additional charge to Party A.

 

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		5.3	In
                                         the event that any software and hardware supplied by Party B has any quality problems
                                         in the using process, Party B shall provide response to Party A within two hours upon
                                         the receiving of the fault notice. In case of necessity in the belief of Party A, Party
                                         B shall come to the site to resolve such quality issues.

 

		5.4	In
                                         the warranty period, Party B is responsible for repairing errors in the software system,
                                         through software patch.

 

		5.5	In
                                         purchasing any components, Party B shall require the supplier to provide and same warranty
                                         period and supply spare parts and professional repair services at favorable prices. In
                                         case of any fault of the system due to quality defects of system hardware, Party B shall
                                         take charge of the maintenance, repair and technical supports. If required, Party B shall
                                         contact the manufacturer to repair or replace the corresponding parts. Non-intentional
                                         damages and damage arising in the normal using scope should be repaired for free. No
                                         separate expense should be charged for such services.

 

		5.6	Within
                                         the scope of the bidding documents, if Party A believes that the hardware purchased by
                                         Party B does not meet the technical requirements of Party A, both parties shall negotiate
                                         with each other according to the actual situations and handle according to below methods:

 

		(1)	Replace:
                                         Party B shall bear all expenses incurred;

 

		(2)	Handle
                                         at depreciated value: both parties shall negotiate to determine the price;

 

		(3)	Reject
                                         the products: if the quality of the hardware still fails to reach the requirements of
                                         Party A after the efforts of Party B and its suppliers, Party A shall provide a written
                                         notice and describe the reasons if it would like to reject the product. Upon the agreement
                                         of Party B, Party A could require Party B to refund the corresponding amount. In such
                                         cases, Party A could also require Party B to undertake all relevant direct expenses (transportation
                                         expenses, insurance expense, inspection expenses, interest of the contract price, banking
                                         service charges and so forth).

 

		5.7	Party
                                         B’s failure in fulfilling the above obligations in the warranty period would be
                                         deemed as breach of contract. In such cases, Party A shall also have the right to investigate
                                         Party B's relevant responsibilities.

 

		5.8	After-sales
                                         maintenance period shall commence upon the completion of the platform construction. Both
                                         parties shall negotiate and sign a project maintenance service agreement one month before
                                         the maturity of the warranty period. The annual maintenance fee is subject to the accumulated
                                         service amount. To facilitate Party B in providing professional services, the specific
                                         service responsibilities and service scope shall be defined in the agreement reached
                                         through friendly negotiation.

  

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		6	Payment
                                         Stages

 

	No.	 	Payment Basis and Date	 	Amount (Yuan)	 
	1	 	Pay 30% of the total contract amount within 10 working days upon the signature of the Contract.;	 	 	8,276,640	 
	2.	 	Pay 40% of the total contract amount within 10 working days after the hardware equipment is delivered to Party A;	 	 	11,035,520	 
	3	 	Pay 25% of the total contract amount within 10 working days after the Project passes the national acceptance;	 	 	6,897,200	 
	4	 	The remaining 5% of the total contract amount will be used as quality guarantee deposit for the project. In the absence of any quality issues, Party A shall refund the quality guarantee deposit (without interest) to Party B within 10 working days upon the maturity of the warranty period.	 	 	1,379,440	 
	Total	 	In Capital: Total Contract Amount: RMB Twenty-seven Million Five Hundred and Eighty-eight Thousand Eight Hundred Yuan in Total	 	 	27,588,800	 

 

		7	Responsibilities
                                         and Obligations of Party B

 

7.1       Work
contents to be jointly undertaken by Party A and Party B:

 

		(1)	The
                                         Project shall be completed under the cooperation of both parties. Both parties shall
                                         constitute a project management team. Party A and Party B shall designate their respective
                                         project responsible person to participate in the whole process of the platform construction
                                         and assume the corresponding responsibilities associated with the Project.

 

		(2)	Complete
                                         the investigation and analysis for the project demands and the overall planning and design
                                         of the Project, and confirm the Project Equipment List and Software
                                         Function Confirmation Letter.

 

		(3)	All
                                         critical items of the Project should be communicated between both parties in written.
                                         All amendments and supplement about the Project should be confirmed by both parties in
                                         written.

 

		(4)	Complete
                                         the preparation of working plan and objectives for various stages, confirmation for the
                                         completed tasks, and the acceptance check and final confirmation of software and hardware.

  

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7.2       Work
contents to be undertaken by Party A:

 

		(1)	Party
                                         A shall designate responsible person for the Project to take charge of coordinating resources
                                         of party A and relevant third parties (including users of the platform) to cooperate
                                         with Party B in implementing relevant project work, providing the basic environment and
                                         required conditions for the implementation of the Project, and performing confirmation
                                         and making timely decisions for specific events of the Project on behalf of Party A.
                                         Party B will take the information and decision-making opinions provided by project manager
                                         of Party A as the basis for the implementation of the Platform. Party A shall be liable
                                         for the data, information materials and decision-making opinions of its project manager,
                                         and assume the relevant responsibilities and consequence of its decisions.

 

		(2)	Take
                                         charge of the management of the platform project, organize personnel of relevant departments
                                         in participating in the project, and maintain the relationship with the governmental
                                         authorities and relevant supervision departments.

 

		(3)	Take
                                         charge of checking, supervising and accepting the delivery of software and hardware in
                                         various stages, and completing the acceptance check of the platform.

 

7.3       Work
contents to be undertaken by Party B:

 

		(1)	Perform
                                         Party B's duties and responsibilities in accordance with the project plan and project
                                         objectives.

 

		(2)	Conduct
                                         a detailed investigation for the platform demands of of Party A, provide implementation
                                         proposal for the construction of the platform, which shall be taken as the guiding document
                                         of the project construction after final confirmation of both parties.

 

		(3)	Provide
                                         hardware facilities and equipment required by the platform, set up the network system,
                                         construct the computer room and guarantee the application and sound operation of the
                                         platform.

 

		(4)	Take
                                         charge of the technological research and development of the platform and development
                                         of corresponding applications, arrange tests, provide startup services, on-line operation
                                         services, system initialization services and technical supports, and arrange training
                                         programs about software application to personnel of Party A, and provide professional
                                         implementation and services.

 

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		8	Property
                                         Rights

 

		8.1	Party
                                         B guarantees that the software and hardware provided will not infringe the patent, trademark
                                         or copyright of any third party.

 

		8.2	The
                                         intellectual property rights in the final result of the customized software commissioned
                                         by Party A to Party B in this contract shall be jointly owned by Party A and Party B.
                                         Technical achievements and intellectual property rights already owned by Party B before
                                         undertaking the Project are exceptional to the above provisions. Party A shall have the
                                         permanent use right of the Project.

 

		9	Technical
                                         Materials

 

9.1       Within
the scope of the Contract, Party A will provide Party B with the relevant technical requirements about the goods to be purchased.

 

9.2       Party
B shall provide Party A with relevant technical materials for the use of the goods within the time specified in the procurement
documents.

 

		9.3	Without
                                         the prior written consent of both parties, neither party may provide clauses, specification,
                                         plan, drawings, samples or materials of the Contract or in connection with the Contract
                                         provided by the other party to any person irrelevant with the performance of the Contract.
                                         In the event of disclosure made to personnel in connection the performance of the Contract,
                                         Party B shall still fulfill the confidentiality obligation and limit such disclosure
                                         within the necessity for the performance of the Contract.

  

		10	Collaboration
                                         Matters at Various Stages of the Project

 

10.1       Methods
for Equipment Delivery, Installation and Commissioning, System Deployment and Project Acceptance Check

 

		1)	Equipment
                                         Delivery

 

		2	Party
                                         B shall, before shipment of the goods, request the supplier to provide packages that
                                         could meet the requirements about the transportation, moisture resistance, shock resistance,
                                         rust prevention and damage prevention in loading and unloading and so forth for the goods
                                         to ensure the goods could be delivered to the designated place of Party A in a intact
                                         and safe manner.

  

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		2	Party
                                         B shall require its suppliers to deliver the user manual, quality certificate, warranty
                                         documents, accompanied parts and tools and list of the goods together with the goods.
                                         Party B shall submit equipment delivery list and relevant documents to Party A.

 

		2	Party
                                         B shall inform Party A 24 hours before the arrival of the goods at designated place of
                                         Party A to ensure Party A has sufficient time to arrange the acceptance of the equipment.
                                         Party B shall also inform the arrival of the goods to Party A. Party B shall be liable
                                         for the risks arising before the goods are delivered to Party A.

 

		2	Party
                                         A shall, within five working days, carry out arrival inspection, confirmation and receipt
                                         signature for the equipment delivered by Party B according to relevant regulations. In
                                         the event that the appearance and specification of the goods fails to conform to relevant
                                         requirements or Party A has any objections to quality of the goods, Party A shall issue
                                         a written notice to Party B within five working days upon the arrival of the goods. In
                                         such cases, Party B shall handle and feedback to Party A in time. No refusal and delay
                                         are permitted. The absence of written objection notice would be deemed as completion
                                         of the equipment delivery.

 

		2)	Installation
                                         and Commissioning of Equipment:

 

		2	Within
                                         the scope of the terms and conditions of this contract, Party B shall arrange installation
                                         and commissioning for the equipment according to designated requirements of Party A,
                                         and submit equipment delivery list and relevant documents to Party A.

 

		2	Party
                                         A shall make fundamental environment and required conditions for the installation of
                                         the equipment in time.

 

		2	Party
                                         A shall confirm the equipment deployed by Party B within five working days. In case of
                                         any objections to equipment deployed by Party A, Party A shall, within five working days,.
                                         Issue a written notice to Party B. In such cases, party B shall arrange amendment and
                                         improvement for the installation and deployment of the equipment. No delay or refusal
                                         of Party B would be accepted. The absence of written objection notice would be deemed
                                         as completion of the equipment installation and commissioning.

 

		3)	System
                                         Deployment:

 

		2	In
                                         accordance with the terms and conditions of this contract, Party B shall arrange installation
                                         and deployment of the system according to designated requirements of Party A, and submit
                                         equipment delivery list and relevant documents to Party A.

  

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		2	Party
                                         A shall confirm the software functions deployed by Party B within five working days.
                                         In case Party A has any objections to the software system installed and deployed by Party
                                         B, Party A shall, within five working days, issue a written notice to Party B. In such
                                         cases, Party A could require Party B to arrange amendment and improvement for the software
                                         functions. No delay or refusal of Party B would be accepted. The absence of written objection
                                         notice from party A would be deemed as completion of the deployment for the system.

 

		4)	Acceptance
                                         Check of the Project

 

		2	As
                                         the final stage of project construction, project acceptance will be initiated after Party
                                         B completes equipment delivery, equipment installation and commissioning, software system
                                         deployment and trial operation. Party A organizes relevant personnel to perform acceptance
                                         check for the overall operation status of the Project.

 

		2	On
                                         the basis of the scope and commitments described in the tender and bid documents of the
                                         Project, and the specification documents, technical indicators, quality indicators and
                                         other Project information in the Project Equipment List and Software
                                         Function Confirmation Letter confirmed by both parties, Party B shall prepare
                                         relevant acceptance check documents for the Project according to technical requirements
                                         of Party A and regulations in applicable national standard or industry standard. These
                                         acceptance check documents should be submitted to Party A, who would take them as the
                                         basis for the acceptance check of the Project.

 

		2	At
                                         the time of acceptance check, both Party A and Party B should present at the site. Acceptance
                                         check result report should be issued upon the completion of the acceptance check, which
                                         shall be confirmed by signatures and seals of both parties.

 

		2	Party
                                         B shall arrange professional training for Party A. Party A shall arrange and organize
                                         its personnel to participate in professional training programs arranged by Party B. The
                                         training contents shall cover the application, maintenance and operation of the system.

 

		2	After
                                         the input of typical data of users, the software system shall run normally and the output
                                         data should be correct.

  

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		11	Liabilities
                                         for Breach of Contract

 

		11.1	Within
                                         the scope of the Contract, Party B shall supply goods in accordance with the Project
                                         Equipment List and Software Function Confirmation Letter. Party
                                         A’s rejection of goods without any just cause and written rejection notice would
                                         be deemed as Party A’s breach of contract. In such cases, Party A shall pay liquidated
                                         damage at the amount of 5% of the value of the goods rejected.

 

		11.2	After
                                         completing any staged work specified in the Contract, Party B shall send an official
                                         notice to Party A. If Party A fails to pay any contract price to Party B without any
                                         reasonable cause, Party A shall pay the liquidated damage at the amount equivalent with
                                         0.05% of the overdue amount for each day delayed. In case the overdue period is more
                                         than 20 working days, Party A would be deemed as breach of contract. In case of breach
                                         of contract of Party A, Party A shall pay Party B a liquidated damage at the amount of
                                         5% of the total contract value. If Party B's loss exceeds the liquidated damages, Party
                                         A shall continue undertaking the compensation liability.

 

		11.3	In
                                         the event that Party A fails to provide the basic facilities and required conditions
                                         for the installation of the equipment and system, or fails to settle the contract payment
                                         in time and in full amount according to terms and conditions of the Contract, Party A
                                         shall be liable for relevant liabilities and consequences, including loss of Party B
                                         arising from delay in the project progress caused by such failure of Party A.

 

		11.4	In
                                         the event that Party B fails to deliver goods on time for reasons other than fault of
                                         Party A, Party B shall pay liquidated damage at the amount of 0.05% of the amount of
                                         the delayed goods. Party B would be deemed as breach of contract if it fails to deliver
                                         the goods for more than 20 working days after the due date specified in the Contract.
                                         In case Party B has such behaviors in breach of contract, Party B shall pay Party A a
                                         liquidated damage at the amount of 5% of the total contract amount.

 

		11.5	If
                                         the variety, model, specification, technical parameters and quality of goods delivered
                                         by Party B fail to conform to provisions of the Contract and standards specified in the
                                         Goods Demand List of the tender document, Party A has the right to reject the goods.
                                         If Party B agrees to replace the goods but delays in the delivery, Party A would handle
                                         according to provisions about delay in delivery. In case Party B refuses replacing goods,
                                         Party A has the right to terminate the Contract without the consent of Party A. Written
                                         notices should be used in such process as basis.

  

		12	Handling
                                         of Force Majeure Events

 

		12.1	In
                                         the term of the Contract, the performance period could be postponed if either party fails
                                         to perform the Contract due to the occurrence of any force majeure event. The period
                                         postponed should be same with the influencing period of the force majeure event.

  

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		12.2	After
                                         the occurrence of such event, the affecting party shall inform the other party immediately,
                                         and send certificate issued by relevant authorities.

 

		12.3	If
                                         the force majeure event continues for more than 120 days, both parties shall make decision
                                         about whether to continue performing the Contract through friendly negotiation.

  

		13	Supplementary
                                         Rules

 

		13.1	Any
                                         dispute in connection with the Contract or relevant affairs should be first settled through
                                         friendly negotiation. In case no consensus could be reached through negotiation, the
                                         dispute should be submitted to the arbitration agency or People’s Court at the
                                         respective places of both parties for arbitration or judgment.

 

13.2       Without
the consent of Party B, Party A shall transfer any rights and obligations under the Contract to any third party.

 

13.3       Modifications
and changes to the Contract: Both parties can only amend the Contract through written document signed by both parties.

 

13.4       The
Contract shall become effective after the signature of the legal representatives or authorized representatives and official seals
of both parties.

 

13.5       Any
unmentioned affairs of the Contract should be implemented according relevant clauses in the Contract Law of the People’s
Republic of China.

 

13.6       The
Contract should be made out in quadruplicate, each party shall keep two copies, all of which shall have same legal force.

 

		14	2.
                                         Schedules of the Contract 

 

Schedules:
Project Equipment List, List of Software Development and Technical Service Fee

  

Party
A: Guangxi Nanning Dangdai Fengyun Investment Management Co., Ltd

   

	Signature: ________________________	 	 

 

Signature
Date: July 27, 2016 

 

Party
B: Zhuhai PowerBridge Technology Co., Ltd 

 

(Seal)

 

	Signature: ________________________	 	 
	 	 
	Signature Date: July 27, 2016	 

 

 

 

 

 

 

 

 

 

 

 

  

    12EX-10.1

 Exhibit 10.1 

December 31, 2018 
 Arthur M. Coppola 

401 Wilshire Boulevard, Suite 700 
 Santa Monica, CA 90401 

Re: Consulting Agreement 
 Dear Art, 

On behalf of the Board of Directors (the “Board”) of The Macerich Company (the “Company”), I
want to thank you for your many years of service to the Company, during which you have demonstrated remarkable leadership and have made immeasurable contributions to the Company. We appreciate your willingness to provide continued support and
expertise to the Company. This letter agreement (this “Agreement”) sets forth the arrangements between you and the Company with respect to your retirement from active employment, effective as of the close of business (5:00pm
Pacific Time) on December 31, 2018 (your “Retirement Date”), and your service thereafter as a transitional advisor to the Board. 
  

	1.	 Employment Relationship. 

 

	 	a.	 Effective as of the close of business (5:00pm Pacific Time) on the Retirement Date, you ceased to hold your
position as Chief Executive Officer of the Company. Through and including your Retirement Date, you continued to receive compensation and employee benefits on the same basis as in effect during calendar year 2018, subject to the terms and conditions
of the Company’s compensation and benefits plans as in effect from time to time. You will be eligible to receive an annual cash incentive compensation award for 2018, as determined by the Compensation Committee of the Board in the ordinary
course of business consistent with the terms of the applicable incentive plan and performance for 2018. Any such award will be payable at the same time that 2018 annual cash incentive compensation awards are paid to other senior executives of the
Company (but no later than March 15, 2019). 

  

	 	b.	 Effective as of the close of business (5:00pm Pacific Time) on the Retirement Date, you have retired from
employment with the Company and in connection therewith you hereby resign all offices and directorships at the Company and its affiliates. Also effective as of the close of business (5:00pm Pacific Time) on the Retirement Date, you have ceased
participation in all compensation (including severance), benefit and perquisite plans and programs of the Company and its affiliates. 

  

	2.	 Consulting Relationship. Commencing on your Retirement Date and ending on December 31, 2019 (the
“Consulting Term”), you will provide the Services (as defined below) to the Company as a consultant. During the Consulting Term: 

  

	 	a.	 You will serve as a transitional advisor to Company, reporting to the Board of Directors of the Company (the
“Board”) or its designee, advising the Company on the 

  
 1 

	 	
digitally native vertically integrated retailer project as requested by the Chief Executive Officer. You will report to the Chief Executive Officer of the Company as the Board’s designee
unless the Board designates an alternative individual for you to report to. You agree to be available to perform such consulting services during normal business hours, at times and on schedules that reasonably accommodate your other personal or
business activities and commitments. The services described in this Section 2.a. are referred to as the “Services”. 

  

	 	b.	 You will receive an advisory fee in respect of such Services of $2.2 million, which will be paid in
substantially equal monthly installments in arrears in the form of cash, with such first payment for the month of January 2019 to be made in February 2019 (the “Consulting Fee”). The Company will also provide you with your
current or an equally qualified executive assistant on the same basis as prior to your Retirement Date, with such assistant to remain an employee of the Company and receive compensation and benefits consistent with past practice (and if his or her
employment with the Company ceases, a suitable replacement to be selected by you); provided, however, that you will reimburse the Company for such assistant’s services to you on a monthly basis based on a mutually agreed upon reasonable hourly
rate. The Company will also provide you with reasonable business expense reimbursement based on the Company’s policies as they may be in effect from time to time. The Company will also provide you reasonable business travel expense
reimbursements in respect of business travel requested by the Chief Executive Officer of the Company, which reimbursements shall be based on the Company’s policies as they may be in effect from time to time. You will be solely responsible for
any taxes due as a result of the payment of the Consulting Fee and any other compensation in respect of the Services. 

  

	 	c.	 If you are unable to perform the Services requested by the Company on account of your death or Disability, the
Consulting Term will terminate, you will not be deemed to be in breach of your obligations under this Agreement, and the Company shall accelerate and pay the remainder of the unpaid Consulting Fee in a lump sum payment on or within 30 days after the
termination date. For purposes of this Agreement, “Disability” means your inability to perform substantial gainful activity of your own occupation by reason of any medically determinable physical or mental impairment which can be expected
to result in death or can be expected to last for a continuous period of not less than 12 months. 

  

	 	d.	 In the event of the occurrence of a Change in Control, as that term is defined in The Macerich Company Change
in Control Severance Plan for Senior Executives, the Consulting Term will terminate, you will not be deemed to be in breach of this Agreement, and the Company shall accelerate and pay the remainder of the unpaid Consulting Fee in a lump sum payment
on or within 30 days after the Change in Control date. 

 If you breach any of your obligations under this Agreement, the
Consulting Term shall terminate, you shall have no further obligation to provide the Services hereunder, and you shall not be entitled to any earned but unpaid Consulting Fee in respect of the portion of the Consulting Term (if any) prior to the
date of termination. 

  
 2 

	 	e.	 You will not be entitled to participate in any vacation, medical, retirement, severance (including the Change
in Control Severance Pay Plan for Senior Executives) or other health and welfare or fringe benefit plan of the Company, and you will not make any claim of entitlement under any such employee plan, program or benefit on the basis of the Services;
provided, however, that this does not supersede or otherwise affect your rights to continued medical, dental or group health following the Retirement Date pursuant to COBRA. 

 

	 	f.	 You will operate at all times as an independent contractor of the Company and nothing herein shall be construed
as creating an employer/employee relationship. You will not be authorized to act as an agent of the Company or its affiliates or make commitments on behalf of the Company or its affiliates or bind the Company or its affiliates to any obligation
whatsoever, except as authorized in advance in writing by the Board. As an independent contractor, you will be responsible for the payment of all taxes required to be paid in respect of the Consulting Fee, as the Company cannot withhold or remit tax
payments for its independent contractors. 

  

	3.	 Treatment of LTIP Units. Your equity compensation awards that are outstanding as of the date of this
Agreement (other than outstanding LTIP Units (as defined under the Company’s 2003 Equity Incentive Plan, as amended and restated on May 26, 2016 (the “Plan”)) and other awards that are fully earned and vested) are
set forth on Exhibit A hereto (the “Awards”). Your retirement as of the Retirement Date constitutes a “Retirement” under the terms of the Award agreements applicable to such Awards
(“Retirement”), and a summary of the treatment of your Awards upon your Retirement is set forth on Exhibit A hereto. Pursuant to the definition of Retirement in your performance-based Award agreements, in the
event that you engage in any Competitive Activities (as defined in the applicable Award agreement) prior to the last day of the applicable Performance Period (as defined in the applicable Award agreement) then, without limiting any remedy the
Company may have for breach under any arrangement to which it is a party with you or your affiliates, you will forfeit without consideration any performance-based Awards for which the Performance Period has not concluded as of the date of such
Competitive Activities. You will continue to be entitled to distributions on vested and unvested LTIP Units, either service-based or performance-based, and will receive payment of additional distributions by wire transfer of same day funds to an
account or accounts specified in writing by you (with any changes to such accounts to be provided to the Company in writing). The service-based and performance-based LTIP Units set forth on Exhibit A hereto shall continue to be
governed by the applicable Award agreements and the Plan. 

  

	4.	 Release. On each of the Retirement Date and on the last day of the Consulting Term, the Company shall
deliver to you a release of claims in the form set forth in Exhibit B attached to this Agreement (the “Release”), for your execution. The payments and benefits provided for in this Agreement
(including, without limitation, any payment of the Consulting Fee under Section 2 and the treatment of the LTIP Units as set forth in Section 3 above to the extent provided by the applicable Award agreements and the Plan) shall be paid
subject to your execution and non-revocation of the Release in accordance with the terms thereof following each of the Retirement Date and the last day of the Consulting Term. 

  
 3 

	5.	 Indemnification and Insurance. 

 

	 	a.	 You will continue to be covered under any errors and omissions or other liability insurance covering officers
and directors (“Insurance”) for the periods that you are or were serving as an employee, officer, director or consultant of or to the Company or any subsidiary or affiliate in accordance with the terms of such Insurance,
which the Company shall continue to maintain for the benefit of you in respect of your period of service with the Company at least through all applicable statute of limitations periods; provided that the Company shall not be prohibited from amending
or replacing the Insurance and the Company shall provide you with notice of any material modification of the Insurance. 

  

	 	b.	 Notwithstanding any provisions of this Agreement to the contrary, the terms of any indemnification agreement or
provision applicable to you by reason of the fact that you are or were serving as an employee, officer, director or consultant of or to the Company or any subsidiary or affiliate thereof shall survive your termination of employment and any
expiration or termination of this Agreement. Notwithstanding the terms of any indemnification agreement, the Company shall continue to indemnify you for your prior services to the Company or at the Company’s request to another entity to the
maximum extent permitted under Maryland law, and to pay or reimburse reasonable expenses in advance of the final disposition of the proceeding to the maximum extent permitted from time to time by the laws of Maryland, provided, that you shall be
required to repay any advanced amounts if the standard of conduct for indemnification thereunder is not met. 

  

	6.	 Covenants. 

  

	 	a.	 Without limiting any other restriction to which you may be subject, you will, through and at all times
following the date of this Agreement, refrain from disparaging, criticizing or denigrating any Company Releasees (as defined in Exhibit B) in any public medium or forum and refrain from engaging in or assisting in any litigation
against the Company relating to anything referring to or occurring prior to the date of this Agreement unless ordered by a court to do so. 

  

	 	b.	 You agree, through one year following the last day of the Consulting Term, to not employ, retain or engage (as
an employee, consultant or independent contractor), or induce or attempt to be employed, retained or engaged, any person who is or was within 12 months preceding the last day of the Consulting Term an employee, consultant or independent contractor
of the Company (an “Employee”), or to encourage an Employee to terminate his or her employment with the Company. If, at any time during your employment with the Company or at any time during the Consulting Term, you engage in
any Competitive Activities (as defined in your Company LTIP Unit Award Agreement (Performance-Based)), you will (i) forfeit your right to any unpaid portion of the Consulting Fee and (ii) return any portion of the Consulting Fee that was
paid to you during the time that you engaged in the 

  
 4 

	 	
Competitive Activities, with such to the Company in a lump sum within ten (10) business days following your receipt of written notice that you have engaged in such Competitive Activities.

  

	 	c.	 The Company shall, through and following the date of this Agreement, (i) refrain from and
(ii) instruct and, during their service to the Company, take commercially reasonable efforts to cause, the members of the Board and Edward C. Coppola, Thomas E. O’Hern, and Ann C. Menard to refrain from, disparaging, criticizing or
denigrating you in any public medium or forum. You shall, through and following the date of this Agreement, refrain from disparaging, criticizing or denigrating any Company Releasees in any public medium or forum. 

 

	 	d.	 You and the Company agree that the covenants set forth in this Agreement shall be enforced to the fullest
extent permitted by law. Accordingly if, in any judicial proceedings, a court shall determine that such covenant is unenforceable for any reason, including, without limitation, because it covers too extensive a geographical area or survives too long
a period of time, then you and the Company intend that any such covenant shall be deemed to cover only such maximum geographical area and maximum period of time, if applicable, and/or shall otherwise be deemed to be limited in such manner, as will
permit enforceability by such court. In the event that any one or more of such covenants shall, either by itself or together with other covenants be adjudged to go beyond what is reasonable in all the circumstances for the protection of the
interests of the Company, but would be adjudged reasonable if any particular covenant or covenants or parts thereof were deleted, restricted, or limited in a particular manner, then the said covenants shall apply with such deletions, restrictions,
or limitations, as the case may be. You and the Company further agree that the covenants set forth in this Agreement are reasonable in all circumstances for the protection of the legitimate interests of the Company and the Company Releasees.

  

	 	e.	 You agree that at the request of the Company, you will execute, and deliver such further documents and
instruments as may be reasonably necessary to carry out and effectuate fully the transition provided for herein including, without limitation, assigning your ownership interest in the one (1) Series A Preferred Share of Macerich PPR Corp
(“PPR Corp”) that you currently hold to a designated officer in exchange for the Redemption Price that would otherwise be paid if PPR Corp were to redeem such interest pursuant to Section 5, Exhibit A of the Articles of the
Amendment and Restatement of Macerich PPR Corp. 

  

	7.	 Section 409A and Other Taxes. It is the intent of the parties that any amounts
payable under this Agreement shall be exempt from or otherwise comply with the provisions of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and each payment under this Agreement shall be
treated as a separate payment for purposes of Section 409A of the Code. The parties intend that the terms and provisions of this Agreement shall be interpreted and applied in a manner that satisfies the requirements and exemptions of
Section 409A of the Code and, to the maximum extent permitted, this Agreement shall be interpreted so as to comply with Section 409A of the Code. With respect to any provision of this

  
 5 

	 	
Agreement that provides for reimbursement of costs and expenses or in-kind benefits, the right to reimbursement or benefits may not be exchanged for any
other benefit, and the amount of expenses eligible for reimbursement (or in-kind benefits paid) in one year shall not affect amounts reimbursable or provided as in-kind
benefits in any subsequent year. All expense reimbursements paid pursuant to this Agreement that are taxable income to you shall in no event be paid later than the end of the calendar year next following the year in which you incur the expense. Any
payments due to you under Sections 1 and 3 shall be subject to applicable withholding taxes to be withheld and remitted by the Company. 

  

	8.	 Miscellaneous. This Agreement shall be binding upon you and upon your respective heirs, administrators,
representatives, executors, successors and assigns, and shall ensure to the benefit of you and your heirs, administrators, representatives, executors, successors and assigns. No waiver of any breach of any term or provision of this Agreement shall
be construed to be, nor shall be, a waiver of any other breach of this Agreement. No waiver shall be binding unless in writing and signed by the party waiving the breach. This Agreement may not be amended or modified other than by a written
agreement executed by you and an authorized officer of the Company. Should any provision of this Agreement be declared or determined by any court or by an arbitrator to be illegal or invalid, the validity of the remaining parts, terms and provisions
shall not be affected thereby and the illegal or invalid part, term or provision shall not be deemed to be a part of this Agreement. 

  

	9.	 Complete Agreement. You acknowledge that, except as provided for in this Agreement and the Award
Agreements, which are expressly incorporated herein by reference, this Agreement constitutes the entire and exclusive agreement between the Company and you with respect to the subject matter hereof and that no other promise, inducement or agreement
has been made to you in connection with the subject matter hereof. 

  

	10.	 Governing Law; Dispute Resolution. You agree that this Agreement shall be construed and enforced
pursuant to the internal laws of the State of California, without regard to conflicts of law principles. If a dispute or claim shall arise with respect to (i) any of the terms or provisions of this Agreement, or the performance of any party
hereunder, or (ii) matters relating to this Agreement, then the aggrieved party may, by notice as herein provided and given no later than the expiration of the statute of limitation that California state law prescribes for such a claim, require
that the dispute be submitted under the Judicial Arbitration and Mediation Services, Inc. (“JAMS”). The JAMS Employment Arbitration Rules & Procedures in effect at the time of the claim or dispute is arbitrated will
govern the procedure for the arbitration proceedings between the parties, except as expressly set forth herein. The written decision of the arbitrator shall be binding and conclusive on the parties. Judgment may be entered in any court having
jurisdiction and the parties consent to the jurisdiction of the Superior Court of Los Angeles County, California for this purpose. Any arbitration undertaken pursuant to the terms of this Agreement shall occur in Los Angeles County, California
unless the parties mutually agree in writing to some other venue. This arbitration obligation shall not apply to any action by the Company or its affiliates for injunctive or other equitable relief. 

[Signature Page Follows] 

  
 6 

 
	
	 Sincerely,

	
	 THE MACERICH COMPANY

	
	 /s/ Ann C. Menard

 

	 Ann C. Menard

	 Executive Vice President and Chief Legal
Officer

  

	
	 ACKNOWLEDGED AND AGREED:

	
	 /s/ Arthur M. Coppola

 

	 Arthur M. Coppola

 [Signature Page to A. Coppola Retirement Agreement] 

 Exhibit A 

Awards 

Service-Based LTIP Units 
  

													
	 	  	Vesting Date	 
	 Grant Date
	  	December 31, 2018	 	  	December 31, 2019	 	  	December 31, 2020	 
	 January 1, 2016(1)
	  	 	9,295	 	  	 	—  	 	  	 	—  	 
	 January 1, 2017(1)
	  	 	10,587	 	  	 	10,587	 	  			
	 January 1, 2018(1)
	  	 	11,419	 	  	 	11,419	 	  	 	11,419	 

 Performance-Based LTIP Units(3) 

 

													
	 	  	Vesting Date	 
	 Grant Date
	  	December 31, 2018	 	  	December 31, 2019	 	  	December 31, 2020	 
	 January 1, 2016(2)
	  	 	126,594	 	  	 	—  	 	  	 	—  	 
	 January 1, 2017(2)
	  	 	—  	 	  	 	143,160	 	  	 	—  	 
	 January 1, 2018(2)
	  	 	—  	 	  	 	—  	 	  	 	152,439	 

  

	(1)	 Your Service-Based LTIP Units granted in 2016, 2017 and 2018 continue to vest on their regularly scheduled
vesting dates as set forth in the table. 

	(2)	 Per Section 4 of the applicable Award agreements, performance-based LTIP Units vest without proration
based on actual performance through the end of the Performance Period. The LTIP Units set forth in the table assume performance is achieved at maximum, and as a result, you may, upon application of the actual terms of the award, vest in a lower
number of performance-based LTIP Units than set forth in the table. 

	(3)	 Actual performance will be determined at the end of the Performance Period in accordance with the Award
agreement and results may be lower than this estimate. 

  
 A-1 

 Exhibit B 

Release of All Claims 

Release of All Claims 
 This Release of All
Claims (this “Release”) of all claims is made as of                          by and between Arthur M.
Coppola (“Executive”) and The Macerich Company (the “Company”). 
 Executive’s Release 

 

	1.	 Executive makes this Release on behalf of himself and his respective predecessors, successors, ancestors,
descendants, spouse, dependents, executors, heirs, administrators, assigns and anyone else claiming by, through or under each of them. 

  

	2.	 In exchange for the consideration provided in the Consulting Agreement between Executive and the Company dated
December 31, 2018 (the “Consulting Agreement”) which Executive acknowledges and agrees is fair and adequate, Executive hereby agrees to fully release, waive and forever discharge the Company, including all of the
Company’s related, affiliated and client entities (including corporations, limited liability companies, partnerships and joint ventures) and with respect to each of the Company and its related, affiliated and client entities:

  

	 	a.	 their respective members, parents, subsidiaries, affiliates, predecessors, successors and associates,
participants, present and former, and each of them, and 

  

	 	b.	 their respective directors, shareholders, partners, officers, agents, owners, attorneys, servants, employees,
trustees, plan administrators, fiduciaries, representatives and assigns, past and present, and each of them, 

 all of
which together and collectively are hereinafter referred to as (the “Company Releasees”). 
  

	3.	 This full release and discharge is effective with respect to all claims, promises, causes of action or similar
rights of any type, known or unknown, which Executive ever had, now has or may hereafter claim to have had, against the Company or the Company Releasees, arising out of any act or omission occurring on or prior to the date of this Release.

  

	4.	 Executive’s full release and discharge is effective with respect to all claims, wages or any other
payments, agreements, obligations, demands and causes of action, known or unknown, suspected or unsuspected (collectively, “Claims”), arising out of any act or omission occurring before Executive’s execution of this
Release, including but not limited to, any Claims based on, arising out of, or related to: Executive’s employment with or services to, or the ending of Executive’s employment with or services to the Company; the federal, state or local
laws that prohibit harassment or discrimination on the basis of race, national origin, religion, sex, gender, age, marital status, bankruptcy status, disability, perceived disability, ancestry, sexual orientation, family and medical leave, or any
other 

  
 B-1 

	 	
form of harassment or discrimination or related cause of action (including but not limited to failure to maintain an environment free from harassment and retaliation, inappropriate comments or
touching and/or “off-duty” conduct of any the Company employee); California Labor Code; severance pay, bonus, commission, or similar benefit, sick leave, pension, retirement, vacation pay,
wages, incentive pay, life insurance, health or medical insurance or any other fringe benefit, or disability; or any other occurrences, acts or omissions whatsoever, known or unknown, suspected or unsuspected, resulting from any act or omission by
or on the part of any of the Company Releasees committed or omitted prior to the date of this Release, including, without limiting the generality of the foregoing, any Claim under Title VII of the Civil Rights Act of 1964, the California Labor Code,
the Age Discrimination in Employment Act, the Americans with Disabilities Act, the California Fair Employment and Housing Act, the California Unruh Act or any other federal, state or local law, regulation, ordinance, statute or under the common law.
Executive represents that at the time of the execution of this Release, he suffers from no work-related injuries and has no disability or medical condition as defined by the Family Medical Leave Act. Executive represents that he has no workers’
compensation claims that he intends to bring against the Company. 

  

	5.	 Notwithstanding anything to the contrary above, the release of Claims in this paragraph is not intended to and
does not apply to any Claims which cannot be released as a matter of law, including claims arising from events which occur after the execution of this Release, unemployment claims, state or federal disability claims, or workers’ compensation
claims, all of which survive this Release. Further notwithstanding, the release of Claims in this paragraph is not intended to and does not release any claims, as applicable, for (a) the vesting of Awards described in Exhibit A to
the Consulting Agreement, (b) any operating partnership units or common stock received prior to the date hereof in redemption thereof held by Executive as of the date hereof, (c) indemnification, directors’ and officers’
insurance,(d) vested employee benefits under any qualified retirement plan to which Executive may be entitled pursuant to the terms of any indemnification, insurance policy, agreement or plan, and, with respect to such plans, Executive’s right
to any benefits will be determined under the terms of the applicable plan documents and (e) Executive’s rights under the Consulting Agreement. 

  

	6.	 Executive retains the right to petition the National Labor Relations Board, the Equal Employment Opportunity
Commission and California Department of Fair Employment and Housing regarding any conduct which Executive believes, in good faith, to warrant review by such agency, provided, however, Executive acknowledges and agrees that any claims for personal
relief in connection with such a charge or investigation (such as reinstatement or money damages) would be and are hereby barred. In addition, this release does not prevent Executive from filing any lawsuit authorized by the Age Discrimination in
Employment Act challenging the validity of this release and this release does not apply to any other rights Executive cannot lawfully release under applicable law. 

 

	7.	 Executive agrees that no action, suit or proceeding has been brought or complaint filed or initiated by himself
or any executor, heir, administrator or assign in any court, or with any governmental body or commission with respect to any matter or course of action based upon any facts that might have occurred prior to the date of this Release whether known now
or discovered hereafter, nor has Executive assigned or transferred any Claim being released hereby or purported to do so. 

  
 B-2 

	8.	 Executive also agrees that if any Claim is prosecuted in his name before any court or administrative agency, he
waives and agrees not to take any award or other damages from such suit to the extent permissible under applicable law. 

 The
Company’s Release 
  

	9.	 The Company, on its behalf and on behalf of its affiliated entities, and their respective predecessors and
successors, agrees to fully release, waive and forever discharge Executive with respect to all claims, promises, causes of action or similar rights of any type (including Claims), known or unknown, which any of them ever had, now has or may
hereafter claim to have had, against Executive, arising out of any act or omission occurring before the Company’s execution of this Release, including but not limited to, any Claims based on, arising out of, or related to Executive’s
employment with, or the ending of Executive’s employment with the Company or any other occurrences, acts or omissions whatsoever, known or unknown, suspected or unsuspected, resulting from any act or omission by or on the part of any of
Executive committed or omitted prior to the date of this Release; provided, that, nothing under this Release shall release Executive from Claims of or relating to criminal acts against the Company, bad faith, gross negligence, willful misconduct,
fraud, embezzlement, breach of fiduciary duty, breach of any restrictive covenants, or contribution. 

 Miscellaneous 

 

	10.	 The Company and Executive agree that this Release and the consideration set forth herein are not an admission
by the Company Releasees of any wrongdoing or liability. The Company Releasees specifically deny any liability or wrongful acts against Executive. The Company and Executive agree that this Release and the covenants made herein are not an admission
by the Company or Executive of any wrongdoing or liability. 

  

	11.	 The parties acknowledge that, after the execution of this Release, they may discover facts different from or in
addition to those that they now know or believe to be true with respect to the Claims released herein. Nonetheless, this Release shall be and remain in full force and effect in all respects, notwithstanding such different or additional facts and the
parties intend for any release to fully, finally, and forever settle and release the items (including, without limitation, Claims) released in this Release. 

  

	12.	 The Company and Executive hereby acknowledge that each has read this Release and fully know, understand and
appreciate the contents and effects thereof, and that each executes this Release voluntarily and of their own free will and accord. Executive further acknowledges that he was advised, and has had the opportunity, to consult with legal counsel of
Executive’s own choosing with respect to the execution and legal effect of this Release, or has voluntarily and knowingly chosen not to consult with legal counsel. 

 

	13.	 Executive further specifically agrees and acknowledges: (i) that his waiver of rights under this Release
is knowing and voluntary as required under the Age Discrimination in 

  
 B-3 

	 	
Employment Act, 29 U.S.C. § 621 et. seq. and the Older Workers Benefit Protection Act; (ii) that he understands the terms of this Release; (iii) that the Company advised him to
consult with an attorney prior to executing this Release; (iv) that the Company has given him a period of up to twenty-one (21) days within which to consider this Release; (v) that, following
his execution of this Release, he has seven (7) days in which to revoke his agreement to this Release as specified below, and that, if he chooses not to so revoke, this Release shall then become effective and enforceable and the payments set
forth herein shall then be provided to him in accordance with the terms of this Release; and (vi) nothing in this Release shall be construed to prohibit him from filing a charge or complaint, including a challenge to the validity of the waiver
provision of this Release, with a government agency or the Equal Employment Opportunity Commission or participating in any investigation conducted by the Equal Employment Opportunity Commission. However, the Executive agrees he is waiving the right
to monetary damages or other equitable or monetary relief as a result of any such proceeding. 

  

	14.	 Executive may revoke this Release and his release insofar as it extends to potential claims under the Age
Discrimination in Employment Act, by informing the Company of his intent to revoke this Release and his release within seven (7) calendar days following his execution of this Release. Executive understands that any such revocation must be in
writing and delivered by hand and received by the Company at the address set forth herein in Section 20 of the Consulting Agreement, prior to the end of the seventh day following his execution and delivery of this Release to the Company.
Executive understands that if Executive exercises his right to revoke, then (i) the Company will have no obligations under this Release to Executive or to others whose rights derive from him and the Company’s agreements (including the
releases hereunder and payment obligations under the Consulting Agreement) will be void ab initio and (ii) Executive will have no right to retain (and will forfeit without further action by Executive) any payments paid (except as required under
applicable law). Notwithstanding anything herein to the contrary, the obligations set forth in this Release do not become effective until the expiration of the revocation period. 

 

	15.	 This Release shall be binding upon the parties and upon their respective heirs, administrators,
representatives, executors, successors and assigns, and shall ensure to the benefit of each party and to their heirs, administrators, representatives, executors, successors and assigns. 

 

	16.	 Should any provision of this Release be declared or determined by any court or by an arbitrator to be illegal
or invalid, the validity of the remaining parts, terms and provisions shall not be affected thereby and the illegal or invalid part, term or provision shall not be deemed to be a part of this Release. 

 

	17.	 The Company and Executive acknowledge that, except as provided for in this Release, this Release, together with
the Consulting Agreement, which are expressly incorporated herein by reference, constitutes the entire and exclusive agreement between the Company and Executive with respect to the subject matter hereof and that no other promise, inducement or
agreement has been made to either party in connection with the subject matter hereof. The Company and Executive further acknowledge that this Release is not subject to modifications of any kind, except for modifications in writing which are signed
by both parties. 

  
 B-4 

	18.	 Subject to the terms of this Release, Executive and the Company expressly waive any and all rights and benefits
conferred upon them by Section 1542 of the California Civil Code: 

 A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH
THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS, HER OR ITS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM, HER OR IT MUST HAVE MATERIALLY AFFECTED HIS, HER OR ITS SETTLEMENT WITH THE DEBTOR. 

Subject to the terms of this Release, Executive and the Company further waive and relinquish all rights and benefits they may have under any
other statutes or common law principles of similar effect. Executive and the Company further affirm that they are, respectively, knowingly releasing all known and unknown Claims that they have or may have against the Company Releasees or Executive
as specifically set forth herein. 
 This Release may be executed in two or more counterparts, all of which shall be considered one and the
same instrument and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the other parties. This Release may be executed by facsimile or .pdf signature and a facsimile or .pdf signature shall
constitute an original for all purposes. 
 [Signature Page Follows] 

  
 B-5 

 THE UNDERSIGNED HAVE READ THE FOREGOING RELEASE OF ALL CLAIMS AND ACCEPT AND AGREE TO THE PROVISIONS IT
CONTAINS AND HEREBY EXECUTE IT VOLUNTARILY WITH FULL UNDERSTANDING OF ITS CONSEQUENCES. 
 EXECUTED this
            day of                    ,
20        , in the State of California, with the effective date as set forth above. 
  

			
	 EXECUTIVE

	
	  

Arthur M. Coppola

	
	 THE MACERICH
COMPANY

 
			
		
	By:	 	  

		
	Name:	 	  

		
	Title:

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