Document:

EXHIBIT 10.1

 

EXECUTIVE EMPLOYMENT AGREEMENT

 

This EXECUTIVE EMPLOYMENT AGREEMENT
(this “Agreement”) is made as of June 30, 2016 (the “Effective Date”), by and between Wireless
Telecom Group, Inc. (together with its successors and assigns, the “Company”), and Timothy Whelan (“Executive”).

 

R E C I T A L S

 

WHEREAS, the Company desires
to employ Executive and Executive desires to be employed by the Company as the Company’s Chief Executive Officer.

 

NOW, THEREFORE, in consideration
of the foregoing recitals, the mutual covenants and conditions herein, and other good and valuable consideration, the receipt and
adequacy of which is hereby acknowledged, the parties hereby agree as follows:

 

A G R E E M E N T

 

1. Employment and Term.
The Company hereby agrees to employ Executive and Executive hereby accepts employment by the Company on the terms and conditions
hereinafter set forth. Executive’s term of employment by the Company under this Agreement (the “Term”)
shall continue from the Effective Date through June 30, 2017; provided, however, that the Term shall thereafter be
automatically extended for unlimited additional one-year periods unless, at least three months prior to the then-scheduled date
of expiration of the Term, either (a) the Company gives notice to Executive that it is electing not to so extend the Term or (b)
Executive gives notice to the Company that he is electing not to so extend the Term. Notwithstanding the foregoing, the Term may
be earlier terminated in strict accordance with the provisions of Section 5 below, in which event Executive’s employment
with the Company shall expire in accordance therewith.

 

2. Position, Duties and
Responsibilities; Location.

 

2.1 Position and Duties.
Executive shall be employed as Chief Executive Officer of the Company. Executive shall have, subject to the general direction of
the Board of Directors of the Company (the “Board”), general overall authority and responsibility for the day-to-day
management of the Company. Executive shall also have such other duties, powers and authority as are commensurate with his position
as Chief Executive Officer of a wireless telecommunications company focused on researching, developing and commercializing radio
frequency based products for the wireless and advanced communications industries, including such other duties and responsibilities
as are reasonably delegated to him from time to time by the Board. Executive shall report to the Board.

    	 

    	

    

2.2 Exclusive Services
and Efforts. Executive agrees to devote his efforts, energies and skill to the discharge of the duties and responsibilities
attributable to his position and, except as set forth in this subsection 2.2 with respect to service on a single external board
of directors, agrees to devote substantially all of his professional time and attention exclusively to the business and affairs
of the Company. It is expressly understood and agreed that, during the Term, Executive will not be employed by, render services
to, or represent, any other person, firm or company engaged in a business of a similar nature or in competition with the Company
without the prior written consent of the Company (as used throughout this Agreement, a consent of the Company must be in writing
and approved by a majority of the independent members of the Board). Executive also agrees that he shall not take personal advantage
of any business opportunities which arise during his employment and which may benefit the Company and are within the scope of the
Company’s then business or natural extension thereof without the consent of the Company, provided, that the
foregoing does not apply to future employment opportunities. Notwithstanding the foregoing, Executive shall be entitled to (a)
engage in service on the board of directors of not-for-profit organizations, provided that he has received the prior written approval
of the Board, (b) engage in other charitable activities and community affairs, and (c) manage his personal and family investments
and affairs, in each case to the extent such activities do not, either individually or in the aggregate, materially interfere with
the performance of his duties and responsibilities to the Company. In addition, Executive shall be entitled to continue to serve
as a director of Edgewater Technology, Inc., provided that such corporation does not enter the same or similar business as the
Company or the Company enters the same or similar business of Edgewater Technology, Inc., in which event Executive agrees to promptly
resign from the board of directors of Edgewater Technology, Inc. If Executive is no longer serving as a director of Edgewater Technology,
Inc., at the request of Executive, the Board shall evaluate Executive’s participation in one other board of directors relating
to a for-profit organization. If the Board in its sole discretion (it being understood that Executive shall, at the request of
the Board, recuse himself from such Board discussions) determines that Executive’s participation on such other board of directors
will not create a conflict of interest or interfere with Executive’s completion of his duties hereunder, Executive shall
be allowed to serve on such other board of directors. Notwithstanding the foregoing, in the event the Board in its sole discretion
determines that Executive’s service on an external board of directors is a conflict of interest or is interfering with the
provision of his duties hereunder and so notifies Executive, Executive agrees to promptly resign from such board of directors.

 

2.3 Compliance with Company
Policies. To the extent not inconsistent with the terms and conditions of this Agreement, Executive shall be subject to the
known and established bylaws, policies, practices, procedures and rules of the Company, including those policies and procedures
specified in the Company’s Employee Handbook.

 

2.4 Location. Executive’s
principal office, and principal place of employment, shall be at the Company’s offices in Parsippany, New Jersey.

    	 

    	

    

3. Compensation.

 

3.1 Base Salary. Commencing
on the Effective Date and continuing through the duration of the Term, the Company hereby agrees to pay to Executive an annualized
base salary of Two Hundred Seventy Five Thousand Dollars ($275,000) (the “Salary”) payable in equal installments
on the Company’s regularly-scheduled paydays as it is earned, subject to all applicable federal, state and local income and
employment taxes and other required or elected withholdings and deductions. Executive’s Salary will be reviewed annually
by the compensation committee (the “Compensation Committee”) of the Board, or the full Board, commencing in
January 2017, taking into account the performance of Executive, the performance of the Company and other information deemed appropriate
by the Compensation Committee, and may be adjusted by the Compensation Committee or the Board in their sole discretion (in which
case such new amount shall be the “Salary” hereunder).

 

3.2 Annual Cash Bonus.
For the calendar year ending December 31, 2016, Executive shall be entitled to receive a cash incentive award (the “2016
Annual Cash Bonus”) of 50% of Salary for meeting the performance targets determined by the Compensation Committee. The
2016 Annual Cash Bonus shall be pro-rated to reflect the period of Executive’s employment during the year ending December
31, 2016. Within ninety (90) days after the end of the 2016 calendar year, the Board shall consult with Executive and shall determine
and approve Executive’s 2016 Annual Cash Bonus taking into account the performance targets established for Executive, it
being understood that the Compensation Committee (or the independent members of the Board) shall be entitled to award the 2016
Annual Cash Bonus in an amount greater than 50% of Salary for performance at greater than target levels. Subject to any valid deferral
election by Executive, the 2016 Annual Cash Bonus shall be paid in a cash lump sum as soon as reasonably practicable following
the Board’s approval thereof, provided that Executive remains employed through such date, but in no event later than April
15, 2017. Thereafter, for each calendar year that ends during the Term, Executive shall be eligible to receive an annual cash incentive
award at the good faith discretion of the Compensation Committee, based upon the Compensation Committee’s evaluation of the
Company’s performance and his performance, in accordance with the terms and conditions of the Company’s Officer Incentive
Compensation Plan (“OICP”) and any other applicable bonus plan in effect upon the Effective Date and during the remainder
of the Term; provided, however, in the event any term of the OICP or any other applicable bonus plan contradicts any term or right
in this Agreement, this Agreement shall govern.

    	 

    	

    

3.3 Equity Compensation.
In connection with Executive’s employment as Chief Executive Officer of the Company as contemplated hereby, Executive shall
receive: (i) a 10-year option, dated the date hereof, to acquire four hundred thousand (400,000) shares of common stock of the
Company at an exercise price equal to the closing price of the common stock as of the date hereof, which shall vest in equal quarterly
installments over a period of four years; and (ii) Eight Thousand Three Hundred Thirty Three (8,333) shares of restricted common
stock, which shall vest in equal quarterly installments over a period of four years. Executive will be eligible for future grants
of long-term incentive and equity compensation awards at the good faith discretion of the Compensation Committee, based upon the
Compensation Committee’s evaluation of his performance, the Company’s performance, and peer company compensation practices,
in accordance with the terms and conditions of any applicable policy of the Company in effect during the Term. The parties acknowledge
and agree that Executive shall no longer be an independent member of the Board as a result of his appointment as Chief Executive
Officer of the Company and that the stock option and restricted stock that were granted to Executive following his election to
the Board at the 2016 Annual Meeting of Shareholders terminated, unvested, upon his appointment as Chief Executive Officer. The
parties also acknowledge and agree that the stock option granted to Executive on November 19, 2015 in connection with his service
on the Strategic Planning and Operating Committee shall remain in effect.

 

4. Employee Benefits.

 

4.1 Participation in Benefit
Plans. During the Term, Executive shall be entitled to participate in such health, group insurance, welfare, pension, and other
employee benefit plans, programs and arrangements as are made generally available from time to time to senior executives of the
Company (which shall include health, life insurance and disability plans), such participation in each case to be on terms and conditions
no less favorable to Executive than to other senior executives of the Company generally.

 

4.2 Vacations; Other.
During the Term, Executive shall be entitled to participate in other benefits made available generally to other senior executives
of the Company, such participation to be at levels, and on terms and conditions, that are commensurate with his position and responsibilities
at the Company and that are no less favorable than those applying generally to other senior executives at similar levels of the
Company. Notwithstanding the foregoing, Executive shall be entitled to annual vacation leave at not less than four weeks and such
other time-off in accordance with the Company’s policies.

 

4.3 Reimbursement of Expenses.
The Company shall reimburse Executive for all reasonable business and travel expenses, incurred in the performance of his job duties
and the promotion of the Company’s business, promptly upon presentation of appropriate supporting documentation and otherwise
in accordance with the expense reimbursement policy of the Company.

    	 

    	

    

5. Termination.

 

5.1 General. The Company
may terminate Executive’s employment for any reason or no reason, and Executive may terminate his employment for any reason
or no reason, in either case subject only to the terms of this Agreement. For purposes of this Agreement, the following terms have
the following meanings:

 

(a) “Accrued Obligations”
shall mean: (i) Executive’s earned but unpaid Salary through the Termination Date (as hereinafter defined); (ii) payment
of any annual, long-term, or other incentive award with respect to which all required performance periods have been completed and
all required performance and service conditions have been satisfied on or before the Termination Date; (iii) payment in respect
of accrued but unused vacation days in accordance with the Company’s vacation policies; and (iv) any unpaid expense or other
reimbursement due pursuant to Sections 4.2 or 4.3 hereof or otherwise.

 

(b) “Cause”
shall mean (i) the deliberate and continued failure by Executive to devote substantially all of his business time and reasonable
efforts to the performance of Executive’s duties after a demand for substantial performance is delivered to Executive by
the Board which specifically identifies the manner in which Executive has not substantially performed such duties; (ii) the engaging
by Executive in gross misconduct which is injurious to the Company, monetarily or otherwise, including but not limited to, fraud
or embezzlement by Executive; (iii) Executive’s conviction (or entering into a plea bargain admitting guilt) of any felony;
or (iv) Executive’s refusal to follow a lawful directive of the Board.

 

(c) “Company Arrangement”
shall mean any plan, program, agreement, corporate governance document or arrangement of the Company.

 

(d) “Disability”
shall mean total and permanent disability as defined in the Company’s long-term disability plan.

 

(e) “Good Reason”
shall mean the occurrence of any one of the following events without either (x) Executive’s express prior written consent
or (y) full cure within 30 days after Executive gives written notice to the Company: (i) a reduction, other than a temporary one,
in Executive’s authority, duties, responsibilities, or reporting lines; (ii) a reduction by the Company in Executive’s
Salary, except for (A) across-the-board salary reductions similarly affecting all salaried employees of the Company or (B) across-the-board
salary reductions similarly affecting all senior executive officers of the Company; (iii) the relocation of Executive’s principal
office, or principal place of employment, to a location more than fifty (50) miles from Parsippany, New Jersey; (iv) the Company’s
failure to extend the Term of this Agreement in accordance with Section 1 hereof without Cause; or (v) any other action or inaction
constituting the Company’s material breach of this Agreement, including but not limited to the Company’s failure to
make any of the monetary payments contained herein,

    	 

    	

    

provided, however, that no event
shall constitute grounds for a Good Reason termination unless Executive terminates his employment within 90-days after such event
occurs.

 

(f) “Person”
shall mean any individual, corporation, partnership, limited liability company, joint venture, trust, estate, board, committee,
agency, body, employee benefit plan, or other person or entity.

 

(g) “Pro Rata Annual
Cash Bonus” shall mean the amount, in the good faith determination of the Compensation Committee (or the independent
members of the Board), Executive has earned as of the date of termination, taking into account Executive’s annual cash incentive
award opportunity for the applicable year, in accordance with the terms and conditions of the Company’s Officer Incentive
Compensation Plan and any other applicable bonus plan in effect upon the termination date.

 

(h) “Termination
Date” shall mean the date on which Executive’s employment hereunder terminates in accordance with this Agreement
(which, in the case of a notice of non-renewal of the Term in accordance with Section 1 hereof, shall mean the date on which the
Term expires).

 

(i) “Options”
shall mean all outstanding vested stock options held by Executive on the Termination Date.

 

5.2 Termination by the
Company without Cause or upon Change of Control or by Executive for Good Reason. In the event that Executive’s employment
is terminated (i) by the Company without Cause, (ii) by the Company upon, or within one year following, a Change of Control (except
with respect to termination for Cause, in which case Section 5.4 shall govern), or (iii) by Executive for Good Reason, the Term
shall expire on the Termination Date and Executive shall be entitled to:

 

(a) a cash amount, payable
in equal installments (over a period of one-year) in accordance with the Company’s regular payroll policies following his
Termination Date, in an amount equal to the sum of (i) severance in the amount of one year of his Salary as in effect immediately
prior to the Termination Date and (ii) a Pro-Rata Annual Cash Bonus;

 

(b) the post-termination
exercise period for all Options shall be extended to the earlier of (i) the first anniversary of the Termination Date, and (ii)
the date of expiration of the respective option, during which post-termination period such Options shall continue to vest in accordance
with their respective terms (to the extent not already fully vested). Except as specifically provided for in this Agreement, all
other terms of the Options shall remain unchanged; and

 

(c) the Accrued Obligations.

    	 

    	

    

5.3 Death and Disability.
Executive’s employment shall terminate in the event of his death, and either Executive or the Company may terminate Executive’s
employment in the event of his Disability (provided that no termination of Executive’s employment hereunder for Disability
shall be effective unless the party terminating Executive’s employment first gives at least 15 days’ written notice
of such termination to the other party). In the event that Executive’s employment hereunder is terminated due to his death
or Disability, the Term shall expire on the Termination Date and he and/or his estate or beneficiaries (as the case may be) shall
be entitled to (a) a single sum cash amount, payable on the 60th day following the Termination Date, in an amount equal
to a Pro-Rata Annual Cash Bonus, (b) the benefits described in Section 5.2(b) and (c) the Accrued Obligations.

 

5.4 Termination by the
Company for Cause or by Executive without Good Reason. In the event that Executive’s employment hereunder is terminated
by Executive without Good Reason or by the Company for Cause, the Term shall expire as of the Termination Date and Executive shall
only be entitled to the Accrued Obligations.

 

5.5 Expiration of the
Term. Executive or the Company may elect not to renew or extend the Term in accordance with Section 1 above, in which case
the Termination Date shall be the date the Term expires. In the event of such a termination, Executive shall only be entitled to
the Accrued Obligations.

 

5.6 Change in Control.
For purposes of Section 5.2 hereof, “Change in Control” shall mean the first to occur of any of the following,
provided that for any distribution that is subject to Section 409A (as defined in Section 6.2 below), a Change in Control under
this Agreement shall be deemed to occur only if such event also satisfies the requirements under Treas. Regs. Section 1.409A-(i)(5):

 

(i) the determination
by a vote of a majority of the members of the Board (which may be made effective as of a particular date), that a Change in Control
has occurred, or is about to occur;

 

(ii) any person becomes
the beneficial owner, directly or indirectly, of securities of the Company representing more than fifty percent (50%) of the combined
voting power of the Company’s then outstanding securities (a “Majority of the Securities”);

 

(iii) (A) the stockholders
of the Company approve a plan of complete liquidation of the Company; (B) the sale or disposition of all or substantially all of
the Company’s assets; or (C) a merger, consolidation or reorganization of the Company with or involving any other entity,
other than (i) a merger, consolidation or reorganization that would result in the voting securities of the Company outstanding
immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities
of the surviving entity) at least a Majority of the Securities of the Company (or such

    	 

    	

    

surviving entity) outstanding
immediately after such merger, consolidation or reorganization owned in approximately the same proportion of such ownership by
each of the prior shareholders as prior to the transaction; or (ii) a merger, consolidation or reorganization that would result
in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding
or by being converted into voting securities of the surviving entity) at least a Majority of the Securities of the Company (or
such surviving entity) outstanding immediately after such merger, consolidation or reorganization owned in approximately the same
proportion of such ownership by each of the prior shareholders as prior to the transaction except for the fact that one of the
shareholders owning more than 5% of the Company’s outstanding common stock as of the effective date of this Agreement increases
its percentage of ownership by no more than 20% and to no greater than 49.99% immediately after the merger, consolidation or reorganization
and the percentage ownership of the other shareholders are reduced proportionally; or

 

(iv) the date a majority
of the members of the Board are replaced during any 12-month period by directors whose appointment or election are not endorsed
by a majority of the members of the Board before the date of the appointment or election.

 

Notwithstanding the foregoing,
in no event shall a restructuring, reorganization, merger or other change in capitalization in which the persons who own an interest
in the Company on the date hereof (the “Current Owners”) (or any individual or entity which receives from a Current
Owner an interest in the Company through will or the laws of descent and distribution) maintain more than a fifty-percent (50%)
interest in the resultant entity owned in approximately the same proportion of such ownership by each of the Current Owners as
before the transaction, be deemed a Change in Control.

 

5.7 Release. Executive’s
entitlement to the payments described in this Section 5 (it being understood that Executive shall be entitled to all such payments
in accordance with the terms hereof) is expressly contingent upon Executive first providing the Company with a signed general release
in substantially the form attached hereto as Exhibit A (the “Release”) and not revoking such release
for a period of seven days after its execution or thereafter and is also contingent upon Executive’s continued compliance
with the Non-Compete Agreement (defined in Section 7 below). In order to be effective, such Release must be (a) executed and delivered
by Executive to the Company no later than forty-five (45) days following the Termination Date and (b) counter-signed and returned
by the Company to Executive within ten (10) business days following the Company’s receipt thereof; provided, however,
that if Executive delivers the executed Release to the Company on a timely basis and the Company does not return a counter-signed
Release during the applicable time period allowed, such Release of Executive shall be null and void and the payments hereunder
shall cease to be contingent on the Release and this Section 5.7.

    	 

    	

    

6. Other Tax Matters.

 

6.1 The Company shall withhold
all applicable federal, state and local taxes, workers’ compensation contributions and other amounts as may be required by
law with respect to compensation payable to Executive pursuant to this Agreement.

 

6.2 Notwithstanding anything
herein to the contrary, this Agreement is intended to be interpreted and applied so that the payment of the benefits set forth
herein shall either be exempt from the requirements of Section 409A of the Code (“Section 409A”) or shall comply
with the requirements of such provision. Notwithstanding any provision of this Agreement to the contrary, if Executive is a “specified
employee” (within the meaning of Section 409A), any payments or arrangements due upon a termination of Executive’s
employment under any arrangement that constitutes a “nonqualified deferral of compensation” (within the meaning of
Section 409A) and which do not otherwise qualify under the exemptions under Treas. Regs. Section 1.409A-1 (including without limitation,
the short-term deferral exemption or the permitted payments under Treas. Regs. Section 1.409A-1(b)(9)(iii)(A)), shall be delayed
and paid or provided on the earlier of (i) the date which is six months after Executive’s “separation from service”
(as such term is defined in Section 409A and the regulations and other published guidance thereunder) for any reason other than
death, and (ii) the date of Executive’s death.

 

6.3 After any Termination
Date, Executive shall have no duties or responsibilities that are inconsistent with having a “separation from service”
(within the meaning of Section 409A) as of the Termination Date and, notwithstanding anything in the Agreement to the contrary,
distributions upon termination of employment of nonqualified deferred compensation may only be made upon a “separation from
service” (as determined under Section 409A) and such date shall be the Termination Date for purposes of this Agreement. Each
payment under this Agreement or otherwise shall be treated as a separate payment for purposes of Section 409A. In no event may
Executive, directly or indirectly, designate the calendar year of any payment to be made under this Agreement which constitutes
a “nonqualified deferral of compensation” (within the meaning of Section 409A) and to the extent an amount is payable
within a time period, the time during which such amount is paid shall be in the discretion of the Company.

 

6.4 Any amounts otherwise
payable to Executive following a termination of employment that are not so paid by reason of this Section 6 shall be paid as soon
as practicable following, and in any event within thirty (30) days following, the date that is six (6) months after Executive’s
separation from service (or, if earlier, the date of Executive’s death) together with interest on the delayed payment at
the Company’s cost of borrowing. All reimbursements and in-kind benefits provided under this Agreement shall be made or provided
in accordance with the requirements of Section 409A.

    	 

    	

    

6.5 To the extent
that any reimbursements pursuant to Section 4 or otherwise are taxable to Executive, any reimbursement payment due to Executive
pursuant to such Section shall be paid to Executive on or before the last day of Executive’s taxable year following the taxable
year in which the related expense was incurred. The reimbursements pursuant to Section 4 or otherwise are not subject to liquidation
or exchange for another benefit and the amount of such reimbursements that Executive receives in one taxable year shall not affect
the amount of such reimbursements that Executive receives in any other taxable year.

 

7. Confidentiality,
Invention Assignment and Non-Competition Agreement. Executive agrees to be bound by the terms of the Noncompetition and Confidentiality
Agreement, dated as of June 30, 2016 by and between Executive and the Company (the “Non-Compete Agreement”).
Except as expressly set forth in this Agreement and the Non-Compete Agreement, Executive shall be subject to no contractual or
similar restrictions on his right to terminate his employment hereunder or on his activities after the Termination Date.

 

8. Non-Disparagement.
During and after the Term, Executive and the Company agree not to make any statement that criticizes, ridicules, disparages, or
is otherwise derogatory of the other; provided, however, that nothing in this Agreement shall restrict either party from making
truthful statements (a) when required by law, subpoena, court order or the like; (b) when requested by a governmental, regulatory,
or similar body or entity; (c) in confidence to a professional advisor for the purpose of securing professional advice; (d) in
the course of performing his or its duties during the Term; or (e) to rebut any statement made or written about him or it. In addition,
nothing in this section shall prohibit either party from making normal competitive statements about the Company’s business
or products provided such statements are truthful.

 

9. Notices.
Except as otherwise specifically provided herein, any notice, consent, demand or other communication to be given under or in connection
with this Agreement shall be in writing and shall be deemed duly given when delivered personally, when transmitted by facsimile
transmission, one (1) day after being deposited with Federal Express or other nationally recognized overnight delivery service
or three (3) days after being mailed by first class mail, charges or postage prepaid, properly addressed, if to the Company, at
its principal office, and, if to Executive, at his address set forth following his signature below. Either party may change such
address from time to time by notice to the other.

 

10. Governing
Law. This Agreement shall be governed by and construed and interpreted in accordance with the laws of the State of New Jersey,
exclusive of any choice of law rules.

 

11. Arbitration;
Legal Fees.

 

11.1 Any dispute
or controversy arising under or in connection with this Agreement (except with respect to injunctive relief under Section 10 of
the Non-Compete Agreement) shall be settled exclusively by arbitration in New Jersey, in accordance with the

    	 

    	

    

rules of the American
Arbitration Association for employment disputes as then in effect. Judgment may be entered on the arbitrator’s award in any
court having jurisdiction.

 

11.2 In the event
of any material contest or dispute relating to this Agreement or the termination of Executive’s employment hereunder, each
of the parties shall bear its own costs and expenses, except that the Company agrees to promptly reimburse Executive for his costs
and expenses (including reasonable attorneys’ fees and expenses) incurred by Executive in connection with such contest or
dispute in the event Executive prevails, as determined by the arbitrator if in arbitration, by the court if pursuant to Section
10 of the Non-Compete Agreement, or as a separate arbitration if otherwise. The amount shall be paid within thirty (30) days of
the award of the arbitration or court, which shall also specify the amount due.

 

12. Amendments;
Waivers. This Agreement may not be modified or amended or terminated except by an instrument in writing, signed by Executive
and a duly-authorized officer of the Company (other than Executive). By an instrument in writing similarly executed, either party
may waive compliance by the other party with any provision of this Agreement that such other party was or is obligated to comply
with or perform; provided, however, that such waiver shall not operate as a waiver of, or estoppel with respect to,
any other or subsequent failure. No failure to exercise and no delay in exercising any right, remedy, or power hereunder shall
operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, or power hereunder preclude any other
or further exercise thereof or the exercise of any other right, remedy, or power provided herein or by law or in equity. To be
effective, any written waiver must specifically refer to the condition(s) or provision(s) of this Agreement being waived.

 

13. Inconsistencies.
In the event of any inconsistency between any provision of this Agreement and any provision of any Company arrangement, the provisions
of this Agreement shall control, unless Executive and the Company otherwise agree in a writing that expressly refers to the provision
of this Agreement that is being waived.

 

14. Assignment.
Except as otherwise specifically provided herein, neither party shall assign or transfer this Agreement nor any rights hereunder
without the consent of the other party, and any attempted or purported assignment without such consent shall be void; provided,
however, that any assignment or transfer pursuant to a merger or consolidation, or the sale or liquidation of all or substantially
all of the business and assets of the Company shall be valid, so long as the assignee or transferee (a) is the successor to all
or substantially all of the business and assets of the Company and (b) assumes the liabilities, obligations and duties of the Company,
as contained in this Agreement, either contractually or as a matter of law. Executive’s consent shall not be required for
any such transaction. This Agreement shall otherwise bind and inure to the benefit of the parties hereto and their respective successors,
penalties, assigns, heirs, legatees, devisees, executors, administrators and legal representatives.

 

15. Voluntary
Execution; Representations. Executive acknowledges that (a) he has consulted with or has had the opportunity to consult with
independent counsel of his own choosing concerning this Agreement and has been advised to do so by the Company and

    	 

    	

    

(b) he has read and understands
this Agreement, is competent and of sound mind to execute this Agreement, is fully aware of the legal effect of this Agreement,
and has entered into it freely based on his own judgment and without duress. Executive represents and covenants that his employment
hereunder and compliance with the terms and conditions hereof will not conflict with or result in the breach by him of any agreement
to which he is a party or by which he may be bound and in connection with his employment with the Company he will not engage in
any unauthorized use of any confidential or proprietary information he may have obtained in connection with his employment with
any other employer. The Company represents and warrants that it is fully authorized, by any person or body whose authorization
is required, to enter into this Agreement and to perform its obligations under it.

 

16. Headings.
The headings of the Sections and sub-sections contained in this Agreement are for convenience only and shall not be deemed to control
or affect the meaning or construction of any provision of this Agreement.

 

17. Beneficiaries/References.
Executive shall be entitled, to the extent permitted under applicable law, to select and change a beneficiary or beneficiaries
to receive any compensation or benefit hereunder following Executive’s death by giving written notice thereof. In the event
of Executive’s death or a judicial determination of his incompetence, references in this Agreement to Executive shall be
deemed, where appropriate, to refer to his beneficiary, estate or other legal representative.

 

18. Survivorship.
Except as otherwise set forth in this Agreement, the respective rights and obligations of the parties shall survive any termination
of Executive’s employment.

 

19. Severability.
Whenever possible, each provision or portion of any provision of this Agreement will be interpreted in such manner as to be effective
and valid under applicable law but the invalidity or unenforceability of any provision or portion of any provision of this Agreement
in any jurisdiction shall not affect the validity or enforceability of the remainder of this Agreement in that jurisdiction or
the validity or enforceability of this Agreement, including that provision or portion of any provision, in any other jurisdiction.

 

20. No Mitigation/No
Offset. Executive shall be under no obligation to seek other employment or to otherwise mitigate the obligations of the Company
under this Agreement, and there shall be no offset against amounts or benefits due to Executive under this Agreement or otherwise
on account of any claim (other than any preexisting debts then due in accordance with their terms) the Company may have against
him or any remuneration or other benefit earned or received by Executive after such termination.

 

21. Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all such counterparts
shall together constitute one and the same instrument. Signatures delivered by facsimile or e-mail (as a .pdf, .tif or similar
un-editable attachment) shall be effective for all purposes.

    	 

    	

    

22. Entire Agreement.
This Agreement, the Non-Compete Agreement, the equity compensation grant agreements required in relation to the grants described
in Section 3.3 above, and the agreements described in the attached Exhibits contain the entire agreement of the parties and supersedes
all prior or contemporaneous negotiations, correspondence, understandings and agreements between the parties, regarding the subject
matter of this Agreement.

 

[Signature Page to
Follow]

    	 

    	

    

IN WITNESS WHEREOF,
this Agreement has been duly executed by or on behalf of the parties hereto as of the date first above written.

 

WIRELESS TELECOM GROUP, INC.:

 

	 	  By: 	/s/ Alan Bazaar 	 

		Name:	Alan Bazaar
		Title:	Chairman of the Board

 

EXECUTIVE:

 

	 	   	/s/ Timothy Whelan	 

		Name:	Timothy Whelan
		Address: 	 

    	 

    	

    

Exhibit A

 

FORM OF GENERAL RELEASE OF ALL CLAIMS

 

THIS GENERAL RELEASE
OF ALL CLAIMS (this “General Release”), dated as of [_______________________], is made by and between
Timothy Whelan (the “Executive”) and Wireless Telecom Group, Inc. (the “Company”).

 

WHEREAS, the Company
and Executive are parties to that certain Employment Agreement, dated as of June 30, 2016 (the “Employment Agreement”);

 

WHEREAS, Executive’s
employment with the Company has been terminated and Executive is entitled to receive severance and other benefits, as set forth
in Section 5 of the Employment Agreement subject to the execution of this General Release;

 

WHEREAS, in consideration
for Executive’s signing of this General Release, the Company will provide Executive with such severance and benefits pursuant
to the Employment Agreement; and

 

WHEREAS, except as otherwise
expressly set forth herein, the parties hereto intend that this General Release shall effect a full satisfaction and release of
the obligations described herein owed to Executive by the Company and to the Company by Executive.

 

NOW, THEREFORE, in consideration
of the premises, the mutual covenants of the parties hereinafter set forth and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto hereby covenant and agree as follows:

 

1. Executive,
for himself, Executive’s spouse, heirs, administrators, children, representatives, executors, successors, assigns, and all
other individuals and entities claiming through Executive, if any (collectively, the “Executive Releasers”),
does hereby release, waive, and forever discharge the Company and each of its respective agents, subsidiaries, parents, affiliates,
related organizations, employees, officers, directors, attorneys, successors, and assigns in their capacities as such (collectively,
the “Employer Releasees”) from, and does fully waive any obligations of Employer Releasees to Executive Releasers
for, any and all liability, actions, charges, causes of action, demands, damages, or claims for relief, remuneration, sums of money,
accounts or expenses (including attorneys’ fees and costs) of any kind whatsoever, whether known or unknown or contingent
or absolute, which heretofore has been or which hereafter may be suffered or sustained, directly or indirectly, by Executive Releasers
in consequence of, arising out of, or in any way relating to: (a) Executive’s employment with the Company; (b) the termination
of Executive’s employment with the Company; (c) the Employment Agreement; or (d) any events occurring on or prior to the
date of this General Release. The foregoing release and discharge, waiver and covenant not to sue includes, but is not limited
to, all waivable claims and any obligations or causes of action arising from such claims, under common law including wrongful or
retaliatory discharge, breach of contract (including but not limited to any claims under the Employment Agreement other than claims
for unpaid severance

    	 

    	

    

benefits, bonus or Base
Salary earned thereunder) and any action arising in tort including libel, slander, defamation or intentional infliction of emotional
distress, and claims under any federal, state or local statutes, including but not limited to, claims under, inter alia, the Employee
Retirement Income Security Act of 1974, as amended, 29 U.S.C. 1001, et seq. (“ERISA”), the Consolidated Omnibus Budget
Reconciliation Act, 29 U.S.C. §§ 1161 et seq (“COBRA”), the New Jersey Discrimination in Wages Law, N.J.S.A.
34:11-56.1, et seq.; the New Jersey Wage Payment Law, N.J.S.A. 34:11-4.1, et seq.; the New Jersey Wage and Hour Law, N.J.S.A. 34:11-56a,
et seq.; any claims under the Family Medical Leave Act, 29 U.S.C. 2601 et. seq.; the New Jersey Temporary Disability Benefits Law,
N.J.S.A. 43:21-25, et seq., as amended by the New Jersey Paid Family Leave Act; the New Jersey Family Leave Act, N.J.S.A. 34:11B-1,
et seq.; the Fair Credit Reporting Act, 15 U.S.C. 1681, et seq., the New Jersey Fair Credit Reporting Act, N.J.S.A. 51:11-28, et
seq.; any claims of harassment, discrimination or retaliation in employment based upon, inter alia, race, color, ethnicity, national
origin, sexual orientation, ancestry, religion, marital status, age, gender, citizenship status, handicap, medical or genetic condition
or disability, union affiliation or engaging in whistleblowing or other protected activity under, inter alia, Title VII of the
Civil Rights Act of 1964, 42 U.S.C. 2000(e), et seq. (“Title VII”), the Americans With Disabilities Act, 42 U.S.C.
§12101, et seq. (“ADA”), the Civil Rights Act of 1991, 42 U.S.C. §§ 1981, 1983, 1985, 1986 and 1988,
the Age Discrimination in Employment Act, 29 U.S.C. § 621, et seq. (“ADEA”), the Sarbanes-Oxley Act of 2002, 15
U.S.C. §§ 7201 et. seq., the National Labor Relations Act, 29 U.S.C. §151, et seq. (“NLRA”); the New
Jersey Law Against Discrimination, N.J.S.A. 10:5-12, et seq. (“NJLAD”); the New Jersey Conscientious Employee Protection
Act, N.J.S.A. 34:19-1, et seq. (“CEPA”); the New Jersey Millville Dallas Airmotive Plant Job Loss Notification Act,
N.J.S.A.34:21-2 et seq.; the New Jersey Civil Rights Act, N.J.S.A. 10:6-1, et seq.; any claims for breach of any implied or express
contract, breach of the duty of fair representation, breach of promise, misrepresentation, negligence, fraud, estoppel, defamation,
assault, battery, intentional or negligent infliction of emotional distress, violation of public policy, wrongful or constructive
discharge, or any other tort or claim of any nature, including but not limited to claims arising under the Labor Management Relations
Act, 29 U.S.C. §185 et seq. (“LMRA”); and any and all other claims for costs, fees, or other expenses, specifically
including but not limited to any and all claims for attorney’s fees, costs, expenses and expert fees; and any claims under
the United States or New Jersey Constitutions. This also includes a release of any claims for wrongful discharge and all claims
for alleged physical or personal injury, emotional distress relating to or arising out of Executive’s employment with the
Company or any of its subsidiaries or affiliates or the termination of that employment; and any claims under the WARN Act or any
similar law, which requires, among other things, that advance notice be given of certain work force reductions. Notwithstanding
anything contained in this Section 1 above to the contrary, nothing contained herein shall constitute a release by any Executive
Releaser of any of his, her or its rights or remedies available to him, her or it, at law or in equity, related to, on account
of, in connection with or in any way pertaining to the enforcement of: (i) any rights to the receipt of employee benefits which
vested on or prior to the date of this General Release; (ii) the right to receive severance and other benefits under the Employment
Agreement; (iii) the right to continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act; (iv) any rights
of Executive under the Employment Agreement with respect to (A) the gross-up protections set forth in Section 7 of the Employment
Agreement, and (B) any equity rights; or (v) this General Release or any of its terms or conditions.

    	 

    	

    

2. Excluded
from this General Release and waiver are any claims which cannot be waived by applicable law, including but not limited to the
right to participate in an investigation conducted by certain government agencies. Executive does, however, waive Executive’s
right to any monetary recovery should any government agency (such as the Equal Employment Opportunity Commission) pursue any claims
on Executive’s behalf. Executive represents and warrants that Executive has not filed any complaint, charge, or lawsuit against
the Employer Releasees with any government agency or any court.

 

3. Executive
agrees never to seek personal recovery from any Employer Releasee in any forum for any claim covered by the above waiver and release
language, except that Executive may bring a claim under the ADEA to challenge whether this General Release was a knowing and voluntary
release of an age discrimination claim thereunder. If Executive violates this General Release by suing an Employer Releasee (excluding
any claim by Executive under the ADEA or as otherwise set forth in Section 1 hereof), then Executive shall be liable to
the Employer Releasee so sued for such Employer Releasee’s reasonable attorneys’ fees and other litigation costs incurred
in defending against such a suit. Nothing in this General Release is intended to reflect any party’s belief that Executive’s
waiver of claims under ADEA is invalid or unenforceable, it being the intent of the parties that such claims are waived.

 

4. Each
party agrees that neither this General Release, nor the furnishing of the consideration for this General Release, shall be deemed
or construed at any time to be an admission by any party of any improper or unlawful conduct.

 

5. Each
party acknowledges and recites that he or it has:

 

(a) executed this
General Release knowingly and voluntarily;

 

(b) had a reasonable
opportunity to consider this General Release;

 

(c) read and understands
this General Release in its entirety;

 

(d) been advised
and directed orally and in writing (and this subparagraph (d) constitutes such written direction) to seek legal counsel and any
other advice such party wishes with respect to the terms of this General Release before executing it; and

 

(e) relied solely
on such party’s own judgment, belief and knowledge, and such advice as such party may have received from such party’s
legal counsel.

 

6. Section
11 of the Employment Agreement, which shall survive the expiration of the Employment Agreement for this purpose, shall apply to
any dispute with regard to this release.

 

7. Executive
acknowledges and agrees that (a) his execution of this General Release has not been forced by any employee or agent of the Company,
and Executive has had an opportunity to negotiate the terms of this General Release and (b) he has been offered twenty-one (21)
calendar days after receipt of this General Release to consider its terms before executing it.1 Executive

 

 

1  In the event the Company
determines that Employee’s termination constitutes “an exit incentive or other employment termination program offered
to a group or class of employees” under the ADEA, the Company will provide Employee with: (1) forty-five (45) days to consider
the General Release; and (2) the disclosure schedules required for an effective release under the ADEA.

    	 

    	

    

shall have seven (7)
calendar days from the date he executes this General Release to revoke his or her waiver of any ADEA claims by providing written
notice of the revocation to the Company, as provided in Section 11 of the Employment Agreement.

 

8. Capitalized
terms used but not defined in this General Release have the meanings ascribed to such terms in the Employment Agreement.

 

9. This
General Release may be executed by the parties in one or more counterparts, each of which shall be an original and all of which
shall together constitute one and the same instrument. Each counterpart may be delivered by facsimile transmission or e-mail (as
a .pdf, .tif or similar un-editable attachment), which transmission shall be deemed delivery of an originally executed counterpart
hereof.

 

IN WITNESS WHEREOF,
the parties hereto have executed this General Release as of the day and year first above written.

 

 

WIRELESS TELECOM GROUP, INC.:

 

	 	  By:	 	 

		Name:	Alan Bazaar
		Title:	Chairman of the Board

 

EXECUTIVE:

 

 

		Name:	Timothy WhelanEX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
 FIFTH AMENDMENT
TO TERM LOAN AGREEMENT 
 THIS FIFTH AMENDMENT TO TERM LOAN AGREEMENT (this “Amendment”) dated as of July 7, 2016, by and
among REGENCY CENTERS, L.P., a Delaware limited partnership (the “Borrower”), REGENCY CENTERS CORPORATION, a Florida corporation (the “Parent”), each of the Lenders, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative
Agent (together with its successors and assigns, the “Administrative Agent”) for the Lenders. 
 WHEREAS, the Borrower, the
Parent, the Lenders, the Administrative Agent and certain other parties have entered into that certain Term Loan Agreement dated as of November 17, 2011 (as amended from time to time and as in effect immediately prior to the effectiveness of
this Amendment, the “Credit Agreement”); 
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged by the parties hereto, the parties hereto hereby agree as follows: 
 Section 1. Specific Amendments
to Credit Agreement. Upon the satisfaction of each of the conditions set forth in Section 2 of this Amendment, the parties hereto agree that the Credit Agreement shall be amended as follows: 

(a) The Credit Agreement is amended by adding the following new definitions in Section 1.1. in proper alphabetical order: 

“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution
Authority in respect of any liability of an EEA Financial Institution. 
 “Bail-In Legislation” means, with
respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU
Bail-In Legislation Schedule. 
 “EEA Financial Institution” means (a) any credit institution or
investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of
this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its
parent. 
 “EEA Member Country” means any of the member states of the European Union, Iceland,
Liechtenstein, and Norway. 
 “EEA Resolution Authority” means any public administrative authority or any
person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market
Association (or any successor Person), as in effect from time to time. 

 “Fifth Amendment” means that certain Fifth Amendment to Term
Loan Agreement, dated as of the Fifth Amendment Effective Date, by and among the Borrower, the Parent, the Lenders party thereto and the Administrative Agent. 

“Fifth Amendment Effective Date” means July 7, 2016. 

“Funding Lender” shall have the meaning given such term in Section 2.3(b). 

“Overadvance Lender” shall have the meaning given such term in Section 2.3(b). 

“Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and
conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule. 

(b) The Credit Agreement is amended by deleting the definitions of “Delayed Draw Availability Period”, “Delayed Draw Term
Loan” and “Delayed Draw TL Commitment” in their entirety from Section 1.1. 
 (c) The Credit Agreement is further
amended by replacing the table set forth in the definition of “Applicable Margin” in Section 1.1. with the following: 
  

							
	 Level
	  	 Borrower’s Credit Rating

(S&P/Moody’s)
	  	Applicable Margin for
LIBOR Loans	 	Applicable Margin for
Base Rate Loans
	1	  	A–/A3 (or equivalent) or better	  	0.900%	 	0.000%
	2	  	BBB+/Baa1 (or equivalent)	  	0.950%	 	0.000%
	3	  	BBB/Baa2 (or equivalent)	  	1.100%	 	0.100%
	4	  	BBB–/Baa3 (or equivalent)	  	1.350%	 	0.350%
	5	  	Lower than BBB–/Baa3 (or equivalent) or unrated	  	1.750%	 	0.750%

 (d) The Credit Agreement is further amended by restating the following definitions of “Base Rate”,
“Commitment”, “Defaulting Lender”, “Initial Term Loan”, “Initial Term Loan Commitment”, “Loan”, “Maturity Date” and “Regulatory Change” set forth in Section 1.1. in their
entireties as follows: 
 “Base Rate” means the LIBOR Market Index Rate; provided, that if for any reason
the LIBOR Market Index Rate is unavailable, Base Rate shall mean the per annum rate of interest equal to the greater of (a) the Federal Funds Rate plus one and one-half of one percent (1.50%) and (b) zero. 

“Commitment” means, as to each Lender, such Lender’s Initial Term Loan Commitment and any Additional
Term Loan Commitment. 
 “Defaulting Lender” means, subject to Section 3.9.(d), any Lender that
(a) has failed to (i) fund all or any portion of its Loans within 2 Business Days of the date 

  
 - 2 - 

 
such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result of such Lender’s reasonable
determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the
Administrative Agent or any other Lender any other amount required to be paid by it hereunder within 2 Business Days of the date when due, (b) has notified the Borrower or the Administrative Agent in writing that it does not intend to comply
with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such
Lender’s determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed,
within 3 Business Days after written request by the Administrative Agent or the Borrower, to confirm in writing to the Administrative Agent and the Borrower that it will comply with its prospective funding obligations hereunder (provided that such
Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the Borrower), or (d) has, or has a direct or indirect parent company that has,
(i) become the subject of a proceeding under any Debtor Relief Law, (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization
or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity or (iii) become the subject of a Bail-In Action; provided that a Lender
shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result
in or provide such Lender with immunity from the jurisdiction of courts within the United States of America or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject,
repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under clauses (a) through (d) above shall be conclusive and binding
absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 3.9.(f)) upon delivery of written notice of such determination to the Borrower and each Lender. 

“Initial Term Loan” means the Loans made by the Lenders to the Borrower pursuant to Section 2.1. on and
after the Initial Funding Date and prior to the Fifth Amendment Effective Date and the additional Loan made by the Lenders to the Borrower pursuant to Section 2.1 on the Fifth Amendment Effective Date. 

“Initial Term Loan Commitment” means, as to each Lender, such Lender’s obligation to make Initial Term
Loans on the Initial Funding Date and/or the Fifth Amendment Effective Date, as applicable, pursuant to Section 2.1, in an amount up to, but not exceeding, the amount set forth for such Lender on Schedule I as such Lender’s “Initial
Term Loan Commitment”. 
 “Loan” means a loan made by a Lender to the Borrower pursuant to
Section 2.1. and/or Section 2.13., and shall include the Initial Term Loans and any Additional Term Loan. 

  
 - 3 - 

 “Maturity Date” means January 5, 2022. 

“Regulatory Change” means, with respect to any Lender, any change effective after the Agreement Date in
Applicable Law (including without limitation, Regulation D of the Board of Governors of the Federal Reserve System) or the adoption or making after such date of any interpretation, directive or request applying to a class of banks, including such
Lender, of or under any Applicable Law (whether or not having the force of law and whether or not failure to comply therewith would be unlawful) by any Governmental Authority or monetary authority charged with the interpretation or administration
thereof or compliance by any Lender with any request or directive regarding capital adequacy or liquidity. Notwithstanding anything herein to the contrary, (a) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests,
rules, guidelines or directives thereunder or issued in connection therewith and (b) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any
successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Regulatory Change”, regardless of the date enacted, adopted or issued. 

(e) The Credit Agreement is further amended by restating Section 2.1. in its entirety to read as follows: 

Section 2.1. Term Loans. 

Prior to the Fifth Amendment Effective Date, the Lenders advanced one or more Initial Term Loans to the Borrower in an
original principal amount of $165,000,000, all of which remain outstanding as of the date hereof. Subject to the terms and conditions set forth in the Fifth Amendment, on the Fifth Amendment Effective Date, each Lender severally and not jointly
agrees to make an additional Initial Term Loan to the Borrower in the principal amount set forth for such Lender on Schedule I as such Lender’s “Fifth Amendment Date Initial Term Loans”. Upon the funding by each Lender of its
additional Initial Term Loan on the Fifth Amendment Effective Date, the Initial Term Loan Commitment of such Lender shall terminate whether or not the full amount of the Initial Term Loan Commitments are funded on such date. 

(f) The Credit Agreement is further amended by restating Section 2.2. in its entirety to read as follows: 

Section 2.2. Requests for Initial Term Loans on the Fifth Amendment Effective Date. 

The Borrower shall give the Administrative Agent a Notice of Borrowing requesting that the Lenders make Initial Term Loans on
the Fifth Amendment Effective Date. Such Notice of Borrowing shall be irrevocable once given and binding on the Borrower. Upon receipt of written notification from the Borrower of the requested funding date for the Initial Term Loans described in
such Notice of Borrowing, the Administrative Agent shall promptly notify each Lender. 

  
 - 4 - 

 (g) The Credit Agreement is further amended by amending clauses (a) and (b) of Section
2.3. in their entirety to read as follows: 
 (a) Initial Term Loan Funding. Each Lender shall deposit an amount
equal to the Initial Term Loan to be made by such Lender to the Borrower with the Administrative Agent at the Principal Office, in immediately available funds, not later than 12:00 noon Eastern time on the Initial Funding Date or the Fifth Amendment
Effective Date, as applicable. Subject to fulfillment of all applicable conditions set forth herein, the Administrative Agent shall make available to the Borrower in the account specified by the Borrower in the Transfer Authorizer Designation Form,
not later than 3:00 p.m. Eastern time on the Initial Funding Date or the Fifth Amendment Effective Date, as applicable, the proceeds of such amounts received by the Administrative Agent. The Borrower may not reborrow any portion of the Initial Term
Loans once repaid. 
 (b) Reallocation and Assignments on the Fifth Amendment Effective Date. If any Lender (each an
“Overadvance Lender”) holds Initial Term Loans immediately prior to the Fifth Amendment Effective Date in an aggregate outstanding principal amount which exceeds the Initial Term Loan Commitment of such Overadvance Lender (as of the
Fifth Amendment Effective Date), Initial Term Loans of such Overadvance Lender in an amount equal to such excess shall be reallocated to the Lenders (each a “Funding Lender”) who are funding Initial Term Loans on the Fifth Amendment
Effective Date (as identified on Schedule I) pro rata in accordance with the amount of the “Fifth Amendment Date Initial Term Loans” (as identified on Schedule I) to be funded by such Funding Lenders on the Fifth Amendment Effective Date.
In order to effect such reallocations, the requisite assignments shall be deemed to be made in amounts from each Overadvance Lender to each Funding Lender, with the same force and effect as if such assignments were evidenced by the applicable
Assignment and Assumptions and without the payment of any related assignment fee, and no other documents or instruments shall be, or shall be required to be, executed in connection with such assignments (all of which are hereby waived). Each Funding
Lender shall make full cash settlement with each corresponding Overadvance Lender, through the Administrative Agent, as the Administrative Agent may direct (after giving effect to any netting effected by the Administrative Agent) with respect to
such reallocations and assignments. 
 (h) The Credit Agreement is further amended by restating Section 2.4. in its entirety to read as
follows: 
 Section 2.4. Intentionally Omitted. 

(i) The Credit Agreement is further amended by restating Section 2.12. in its entirety to read as follows: 

Section 2.12. Intentionally Omitted. 

(j) The Credit Agreement is further amended by restating the first sentence of Section 2.13. in its entirety to read as follows: 

The Borrower shall have the right at any time and from time to time during the period beginning on the Fifth Amendment
Effective Date to but excluding the 

  
 - 5 - 

 
Maturity Date to request the establishment of one or more term loan commitments (the “Additional Term Loan Commitments”) by providing written notice to the Administrative Agent, which
notice shall be irrevocable once given; provided, however, that the aggregate amount of all Additional Term Loan Commitments shall not exceed $235,000,000. 

(k) The Credit Agreement is further amended by restating Section 3.2. in its entirety as follows: 

Section 3.2. Pro Rata Treatment. 

Except to the extent otherwise provided herein: (a) the making of any Additional Term Loans under Section 2.13.
shall be made by the Additional Term Loan Lenders, pro rata according to the amount of their respective Additional Term Loan Commitments; (b) each payment or prepayment of principal of the Loans shall be made for the account of the Lenders pro
rata in accordance with the respective unpaid principal amounts of the Loans held by them; (c) each payment of interest on the Loans shall be made for the account of the Lenders, as applicable, pro rata in accordance with the amounts of
interest on such Loans then due and payable to the respective Lenders; and (d) the making, Conversion and Continuation of Loans of a particular Type (other than Conversions provided for by Sections 4.1.(c) and 4.5.) shall be made pro rata
among the Lenders according to the amounts of their respective Loans and the then current Interest Period for each Lender’s portion of each Loan of such Type shall be coterminous. 

(l) The Credit Agreement is further amended by (i) deleting clause (b) in Section 3.5. and (ii) renumbering clause
(c) of Section 3.5. as a new clause (b) thereof. 
 (m) The Credit Agreement is further amended by restating
Section 3.9(c) in its entirety to read as follows: 
 (c) [Intentionally Omitted]. 

(n) The Credit Agreement is further amended by restating Section 4.1.(a) in its entirety to read as follows: 

(a) Capital Adequacy. If any Lender or any Participant determines that compliance with any law or regulation or with
any guideline or request from any central bank or other Governmental Authority (whether or not having the force of law) issued or taking effect after the Agreement Date (including any Regulatory Change and, for the avoidance of doubt, giving effect
to the last sentence of the definition thereof) affects or would affect the amount of capital or liquidity required or expected to be maintained by such Lender or such Participant, or any corporation controlling such Lender or such Participant, as a
consequence of, or with reference to, such Lender’s Commitments or its making or maintaining Loans below the rate which such Lender or such Participant or such corporation controlling such Lender or such Participant could have achieved but for
such compliance (taking into account the policies of such Lender or such Participant or such corporation with regard to capital), then the Borrower shall, from time to time, within thirty (30) days after written demand by such Lender or such
Participant, pay to such Lender or such Participant additional amounts sufficient to compensate such Lender or such Participant or such corporation controlling such Lender or such Participant to the extent that such Lender or such Participant
determines such increase in capital is allocable to such Lender’s or such Participant’s obligations hereunder. 

  
 - 6 - 

 (o) The Credit Agreement is further amended by restating Section 4.6 in its entirety to read
as follows: 
 Section 4.6. Affected Lenders. 

If (a) a Lender requests compensation pursuant to Section 3.10. or 4.1., and the Requisite Lenders are not also
doing the same, (b) the obligation of any Lender to make LIBOR Loans or to Continue, or to Convert Base Rate Loans into, LIBOR Loans shall be suspended pursuant to Section 4.1.(b) or 4.3. but the obligation of the Requisite Lenders shall
not have been suspended under such Sections or (c) any Lender has become a Defaulting Lender, then, so long as there does not then exist any Default or Event of Default, the Borrower may demand that such Lender (the “Affected
Lender”), and upon such demand the Affected Lender shall promptly, assign its Commitment and/or Loan, as the case may be, to an Eligible Assignee subject to and in accordance with the provisions of Section 12.6.(b) for a purchase price
equal to (x) the aggregate principal balance of all Loans then owing to the Affected Lender plus (y) any accrued but unpaid interest thereon and accrued but unpaid fees owing to the Affected Lender, or any other amount as may be mutually
agreed upon by such Affected Lender and Eligible Assignee. Each of the Administrative Agent and the Affected Lender shall reasonably cooperate in effectuating the replacement of such Affected Lender under this Section, but at no time shall the
Administrative Agent, such Affected Lender nor any other Lender nor any Titled Agent be obligated in any way whatsoever to initiate any such replacement or to assist in finding an Eligible Assignee. The exercise by the Borrower of its rights under
this Section shall be at the Borrower’s sole cost and expense and at no cost or expense to the Administrative Agent, the Affected Lender or any of the other Lenders. The terms of this Section shall not in any way limit the Borrower’s
obligation to pay to any Affected Lender compensation owing to such Affected Lender pursuant to this Agreement (including, without limitation, pursuant to Sections 3.10., 4.1. or 4.4.) with respect to any period up to the date of replacement. 

(p) The Credit Agreement is further amended by restating Section 7.13.(a)(i) in its entirety to read as follows: 

(i) such Person Guarantees, or otherwise becomes obligated in respect of, any Indebtedness of (1) the Parent;
(2) the Borrower; (3) any other Subsidiary of the Parent, the Borrower or any other Person (except (x) in the case of an Unconsolidated Affiliate Guaranteeing, or otherwise becoming obligated in respect of, Indebtedness of another
Unconsolidated Affiliate and (y) in the case of an Excluded Subsidiary Guaranteeing, or otherwise becoming obligated in respect of, Indebtedness of another Excluded Subsidiary); or 

(q) The Credit Agreement is hereby further amended by adding the following new Section 12.21.: 

Section 12.21. Acknowledgement and Consent to Bail-In of EEA Financial Institutions. 

  
 - 7 - 

 Notwithstanding anything to the contrary in any Loan Document or in any other
agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any EEA Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the
Write-Down and Conversion Powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 

(a) the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising
hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and 
 (b) the effects of any
Bail-in Action on any such liability, including, if applicable: 
 (i) a reduction in full or in part or cancellation of any
such liability; 
 (ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership
in such EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with
respect to any such liability under this Agreement or any other Loan Document; or 
 (iii) the variation of the terms of
such liability in connection with the exercise of the Write-Down and Conversion Powers of any EEA Resolution Authority. 
 To the extent not
prohibited by Applicable Law, each Lender shall notify the Borrower, Parent and the Administrative Agent if it has become the subject of a Bail-In Action (or any case or other proceeding in which a Bail-In Action could be reasonably be expected to
be asserted against such Lender). 
 (r) The Credit Agreement is further amended by amending and restating Schedule I thereof in its
entirety to read as set forth on Schedule I hereto. 
 (s) The Credit Agreement is further amended by amending and restating Exhibit C
thereof in its entirety to read as set forth on Exhibit C hereto. 
 (t) The Credit Agreement is further amended by amending and restating
Exhibit G thereof in its entirety to read as set forth on Exhibit G hereto. 
 Section 2. Conditions Precedent. The
effectiveness of this Amendment is subject to receipt by the Administrative Agent of each of the following, each in form and substance satisfactory to the Administrative Agent: 

(a) a counterpart of this Amendment duly executed by the Borrower, the Parent, the Administrative Agent and each of the Lenders; 

  
 - 8 - 

 (b) amended and restated Notes or new Notes executed by the Borrower payable to each applicable
Lender, other than any Lender that has requested that it not receive a Note, and complying with the terms of Section 2.11. of the Credit Agreement; 

(c) the certificate or articles of incorporation or formation, articles of organization, certificate of limited partnership, declaration of
trust or other comparable organizational instrument (if any) of each Loan Party certified as of a recent date by the Secretary of State of the state of formation of such Loan Party; 

(d) a certificate of good standing (or certificate of similar meaning) with respect to each Loan Party issued as of a recent date by the
Secretary of State of the state of formation of each such Loan Party; 
 (e) a certificate of incumbency signed by the Secretary or
Assistant Secretary (or other individual performing similar functions) of each Loan Party with respect to each of the officers of such Loan Party authorized to execute and deliver the Loan Documents to which such Loan Party is a party, and in the
case of the Borrower, authorized to execute and deliver on behalf of the Borrower Notices of Borrowing, Notices of Conversion and Notices of Continuation; 

(f) copies certified by the Secretary or Assistant Secretary (or other individual performing similar functions) of each Loan Party of
(A) the by-laws of such Loan Party, if a corporation, the operating agreement, if a limited liability company, the partnership agreement, if a limited or general partnership, or other comparable document in the case of any other form of legal
entity and (B) all corporate, partnership, member or other necessary action taken by such Loan Party to authorize the execution, delivery and performance of the Loan Documents to which it is a party; 

(g) an opinion of Foley & Lardner LLP, counsel to the Parent and the other Loan Parties, addressed to the Administrative Agent and
the Lenders and in form and substance satisfactory to Administrative Agent; 
 (h) a Compliance Certificate calculated on a pro forma basis
for the Borrower’s fiscal quarter ending March 31, 2016; 
 (i) evidence that all fees, expenses and reimbursement amounts due and
payable to the Administrative Agent and any of the Lenders, including without limitation, the fees and expenses of counsel to the Administrative Agent, have been paid; 

(j) the Parent, the Borrower and each other Loan Party shall have provided all information requested by the Administrative Agent and each
Lender in order to comply with applicable “know your customer” and anti-money laundering rules and regulations, including without limitation, the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)); and

 (k) such other documents, instruments and agreements as the Administrative Agent may reasonably request. 

Section 3. Representations. The Borrower and the Parent represent and warrant to the Administrative Agent and the Lenders that:

 (a) Authorization. Each of the Borrower and the Parent has the right and power, and has taken all necessary action to authorize
it, to execute and deliver this Amendment and to perform its obligations hereunder and under the Credit Agreement, as amended by this Amendment, in accordance 

  
 - 9 - 

 
with their respective terms. This Amendment has been duly executed and delivered by a duly authorized officer of the Borrower and the Parent and each of this Amendment and the Credit Agreement,
as amended by this Amendment, is a legal, valid and binding obligation of the Borrower and the Parent enforceable against the Borrower and the Parent in accordance with its respective terms except as (i) the enforceability thereof may be
limited by bankruptcy, insolvency or similar laws affecting creditors’ rights generally and (ii) the availability of equitable remedies may be limited by equitable principles of general applicability. 

(b) Compliance with Laws, etc. The execution and delivery by each of the Borrower and the Parent of this Amendment and the performance
by the Borrower and the Parent of this Amendment and the Credit Agreement, as amended by this Amendment, in accordance with their respective terms, do not and will not, by the passage of time, the giving of notice or otherwise: (i) require any
Governmental Approval or violate any Applicable Law (including Environmental Laws) relating to the Borrower or any other Loan Party; (ii) conflict with, result in a breach of or constitute a default under the organizational documents of the
Borrower, the Parent, or any other Loan Party, or any indenture, agreement or other instrument to which the Borrower, the Parent, or any other Loan Party is a party or by which it or any of its properties may be bound; or (iii) result in or
require the creation or imposition of any Lien upon or with respect to any property now owned or hereafter acquired by the Borrower, the Parent, or any other Loan Party. 

(c) No Default. No Default or Event of Default has occurred and is continuing as of the date hereof or will exist immediately after
giving effect to this Amendment. 
 Section 4. Reaffirmation of Representations by Borrower and Parent. Each of the Parent and
the Borrower hereby reaffirms that the representations and warranties made or deemed made by the Parent, the Borrower and each other Loan Party in the Loan Documents to which any of them is a party are true and correct in all material respects
(except in the case of a representation or warranty qualified by materiality, in which case such representation or warranty is true and correct in all respects) on and as of the date hereof with the same force and effect as if made on and as of the
date hereof except to the extent that such representations and warranties expressly relate solely to an earlier date (in which case such representations and warranties were true and correct in all material respects (except in the case of a
representation or warranty qualified by materiality, in which case such representation or warranty was true and correct in all respects) on and as of such earlier date) and except for changes in factual circumstances specifically and expressly
permitted under the Credit Agreement or the other Loan Documents. 
 Section 5. Reaffirmation of Guaranty by Parent. The Parent
hereby reaffirms its continuing obligations to the Administrative Agent and the Lenders under the Guaranty and agrees that the transactions contemplated by this Amendment shall not in any way affect the validity and enforceability of the Guaranty,
or reduce, impair or discharge the obligations of the Parent thereunder. 
 Section 6. Certain References. Each reference to the
Credit Agreement in any of the Loan Documents shall be deemed to be a reference to the Credit Agreement as amended by this Amendment. This Amendment shall constitute a Loan Document. 

Section 7. Expenses. The Borrower shall reimburse the Administrative Agent upon demand for all reasonable costs and expenses
(including reasonable attorneys’ fees) incurred by the Administrative Agent in connection with the preparation, negotiation and execution of this Amendment and the other agreements and documents executed and delivered in connection herewith.

  
 - 10 - 

 Section 8. Benefits. This Amendment shall be binding upon and shall inure to the
benefit of the parties hereto and their respective successors and assigns. 
 Section 9. GOVERNING LAW. THIS AMENDMENT SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS EXECUTED, AND TO BE FULLY PERFORMED, IN SUCH STATE. 

Section 10. Effect. Except as expressly herein amended, the terms and conditions of the Credit Agreement and the other Loan
Documents remain in full force and effect. The amendments contained herein shall be deemed to have prospective application only from the date as of which this Amendment is dated. 

Section 11. Counterparts. This Amendment may be executed in any number of counterparts, each of which shall be deemed to be an
original and shall be binding upon all parties, their successors and assigns. 
 Section 12. Additional Arrangers and
Agents. The parties hereby acknowledge the appointment of each of Regions Capital Markets, a division of Regions Bank, SunTrust Robinson Humphrey, Inc. and U.S. Bank National Association as joint lead arrangers in respect of the arrangement
and syndication of the Loans made available on the Fifth Amendment Effective Date. In addition, Regions Bank, SunTrust Robinson Humphrey, Inc. and U.S. Bank National Association shall replace the existing syndication agent under the Credit Agreement
as syndication agents and PNC Bank and Branch Banking and Trust Company shall replace the existing documentation agents under the Credit Agreement as documentation agents. 

Section 13. New Lender. Upon the effectiveness of this Amendment, Branch Banking and Trust Company, as a new Lender (the “New
Lender”), agrees that it shall have all of the rights and obligations of a Lender under the Credit Agreement and the other Loan Documents and agrees to fund the Initial Term Loans on the Fifth Amendment Effective Date as set forth in
Section 2.1 of the Credit Agreement (as modified by this Amendment). The New Lender (i) represents and warrants that (A) it has full power and authority, and has taken all action necessary, to execute and deliver this Amendment and to
consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (B) subject to the approval of the Administrative Agent as evidenced by its signature to this Amendment, it meets all the requirements to be an
Eligible Assignee, (C) from and after the effectiveness of this Amendment, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and shall have the obligations of a Lender thereunder, (D) it is sophisticated
with respect to decisions to make Initial Term Loans and either it, or the Person exercising discretion in making its decision to make Initial Term Loans, is experienced in making loans of such type, (E) it has received a copy of the Credit
Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 8.1 or 8.2 thereof, as applicable, and such other documents and information as it deems
appropriate to make its own credit analysis and decision to enter into this Amendment and to make Initial Term Loans, (F) it has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents
and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Amendment and the Credit Agreement and to provide its Initial Term Loans, and (G) it has provided all documentation required to be
delivered by it pursuant to the terms of the Credit Agreement to the Administrative Agent, duly completed and executed by it; and (ii) agrees that (A) it will, independently and without reliance upon the Administrative Agent or any Lender,
and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (B) it will perform in accordance with their terms all
of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender. 

  
 - 11 - 

 Section 14. Definitions. All capitalized terms not otherwise defined herein are used
herein with the respective definitions given them in the Credit Agreement as amended by this Amendment. 
 [Signatures on Next Page] 

  
 - 12 - 

 IN WITNESS WHEREOF, the parties hereto have caused this Fifth Amendment to Term Loan Agreement to
be executed as of the date first above written. 
  

			
	REGENCY CENTERS, L.P.
		
	By:	 	Regency Centers Corporation, its sole general partner

 
					
			
		 	By:	 	    /s/ Patrick Johnson
		 		 	 Name: Patrick Johnson
 Title:
  Vice President

  

			
	REGENCY CENTERS CORPORATION
		
	By:	 	    /s/ Patrick Johnson
		 	 Name: Patrick Johnson
 Title:
  Vice President

 [Signatures Continued on Next Page] 

 [Signature Page to Fifth Amendment to Term Loan Agreement for Regency Centers, LP.] 

 

			
	WELLS FARGO BANK, NATIONAL     ASSOCIATION, as Administrative Agent and as a     Lender
		
	By:	 	    /s/ Matthew Ricketts
		 	 Name: Matthew Ricketts
 Title:
  Managing Director

 [Signatures Continued on Next Page] 

 [Signature Page to Fifth Amendment to Term Loan Agreement for Regency Centers, LP.] 

 

			
	REGIONS BANK, as a Lender
		
	By:	 	    /s/ John Fulton
		 	 Name: John Fulton
 Title:
  AVP

 [Signatures Continued on Next Page] 

 [Signature Page to Fifth Amendment to Term Loan Agreement for Regency Centers, LP.] 

 

			
	SUNTRUST BANK, as a Lender
		
	By:	 	    /s/ Danny Stover
		 	 Name: Danny Stover
 Title:   Senior
Vice President

 [Signatures Continued on Next Page] 

 [Signature Page to Fifth Amendment to Term Loan Agreement for Regency Centers, LP.] 

 

			
	U.S. BANK NATIONAL ASSOCIATION, as a Lender
		
	By:	 	    /s/ J. Lee Hord
		 	 Name: J. Lee Hord
 Title:   Senior
Vice President

 [Signatures Continued on Next Page] 

 [Signature Page to Fifth Amendment to Term Loan Agreement for Regency Centers, LP.] 

 

			
	BRANCH BANKING AND TRUST COMPANY, as a Lender
		
	By:	 	    /s/ Brad Bowen
		 	 Name: Brad Bowen
 Title:   Vice
President

 [Signatures Continued on Next Page] 

 [Signature Page to Fifth Amendment to Term Loan Agreement for Regency Centers, LP.] 

 

			
	PNC BANK, NATIONAL ASSOCIATION, as a Lender
		
	By:	 	    /s/ Steve Potting
		 	 Name: Steve Potting
 Title:   Vice
President

 [Signatures Continued on Next Page] 

 [Signature Page to Fifth Amendment to Term Loan Agreement for Regency Centers, LP.] 

 

			
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	    /s/ Asad Rafiq
		 	 Name: Asad Rafiq
 Title:   Vice
President

 [Signatures Continued on Next Page] 

 [Signature Page to Fifth Amendment to Term Loan Agreement for Regency Centers, LP.] 

 

			
	JP MORGAN CHASE BANK, N.A., as a Lender
		
	By:	 	    /s/ Mohammad S. Hasan
		 	 Name: Mohammad S. Hasan
 Title:
  Executive Director

 [Signatures Continued on Next Page] 

 [Signature Page to Fifth Amendment to Term Loan Agreement for Regency Centers, LP.] 

 

			
	ROYAL BANK OF CANADA, as a Lender
		
	By:	 	    /s/ Rina Kansagra
		 	 Name: Rina Kansagra
 Title:
  Authorized Signatory

 [Signatures Continued on Next Page] 

 [Signature Page to Fifth Amendment to Term Loan Agreement for Regency Centers, LP.] 

 

			
	SUMITOMO MITSUI BANKING CORPORATION, as a Lender
		
	By:	 	    /s/ William G. Karl
		 	 Name: William G. Karl
 Title:
  Executive Officer

 [Signatures Continued on Next Page] 

 [Signature Page to Fifth Amendment to Term Loan Agreement for Regency Centers, LP.] 

 

			
	MIZUHO BANK (USA), as a Lender
		
	By:	 	    /s/ John Davies
		 	 Name: John Davies
 Title:
  Director

 SCHEDULE I 

Commitments 
  

							
	 Lender
	  	Initial Term
Loan
Commitment	  	Outstanding
Initial Term
Loan Amount	  	Fifth Amendment
Date Initial
Term Loans
	 Wells Fargo Bank, National Association
	  	$40,000,000	  	$37,500,000	  	$2,500,000
	 Regions Bank
	  	$33,000,000	  	$18,000,000	  	$15,000,000
	 SunTrust Bank
	  	$33,000,000	  	$18,000,000	  	$15,000,000
	 U.S. Bank National Association
	  	$33,000,000	  	$18,000,000	  	$15,000,000
	 Branch Banking and Trust Company
	  	$25,500,000	  		  	$25,500,000
	 PNC Bank, National Association
	  	$25,500,000	  	$30,000,000	  	-$(4,500,000)*
	 Bank of America, N.A.
	  	$15,000,000	  	$9,500,000	  	$5,500,000
	 JPMorgan Chase Bank, N.A.
	  	$15,000,000	  	$9,500,000	  	$5,500,000
	 Royal Bank of Canada
	  	$15,000,000	  	$9,500,000	  	$5,500,000
	 Sumitomo Mitsui Banking Corporation
	  	$15,000,000	  	$8,000,000	  	$7,000,000
	 Mizuho Bank (USA)
	  	$15,000,000	  	$7,000,000	  	$8,000,000
	 Total:
	  	$265,000,000.00	  	$165,000,000.00	  	$100,000,000.00

 *$4,500,000 of PNC Bank, National Association’s Initial Term Loan will be reallocated and assigned in accordance with
Section 2.3(b) of the Credit Agreement. 

 EXHIBIT C 

FORM OF NOTICE OF BORROWING 
 Wells Fargo Bank,
National Association 
 Minneapolis Loan Center 
 MAC N9303-110

 608 Second Avenue S., 11th Floor 

Minneapolis, Minnesota 55402-1916 
 Attn: Kimberly Perreault 

Ladies and Gentlemen: 
 Reference is made to
that certain Term Loan Agreement dated as of November 17, 2011 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among Regency Centers, L.P. (the “Borrower”),
Regency Centers Corporation, the financial institutions party thereto and their assignees under Section 12.6. thereof (the “Lenders”), Wells Fargo Bank, National Association, as Administrative Agent (the “Administrative
Agent”), and the other parties thereto. Capitalized terms used herein, and not otherwise defined herein, have their respective meanings given them in the Credit Agreement. 

 

	 	1.	Pursuant to Section 2.2. of the Credit Agreement, the Borrower hereby requests that the Lenders make the Initial Term Loans to the Borrower in an aggregate principal amount equal to $100,000,000.00.

  

	 	2.	The Borrower requests that such Loans be made available to the Borrower on the Fifth Amendment Effective Date. 

  

	 	3.	The Borrower hereby requests that such Loans be of the following Type: 

 LIBOR
Loan, with an initial Interest Period for a duration of one month. 
 The Borrower hereby certifies to the Administrative Agent and the
Lenders that as of the date hereof, as of the date of the making of the requested Loans, and after making such Loans, (a) no Default or Event of Default exists or would exist; and (b) the representations and warranties made or deemed made
by the Borrower and each other Loan Party in the Loan Documents to which any of them is a party, are and shall be true and correct in all material respects (except in the case of a representation or warranty qualified by materiality, in which case
such representation or warranty shall be true and correct in all respects) with the same force and effect as if made on and as of such date except to the extent that such representations and warranties expressly relate solely to an earlier date (in
which case such representations and warranties shall have been true and correct in all material respects (except in the case of a representation or warranty qualified by materiality, in which case such representation or warranty shall have been true
and correct in all respects) on and as of such earlier date) and except for changes in factual circumstances specifically and expressly permitted under the Loan Documents. In addition, the Borrower certifies to the Administrative Agent and the
Lenders that all conditions to the making of the requested Loans contained in Article V. of the Credit Agreement will have been satisfied at the time such Loans are made. 

 
			
	REGENCY CENTERS, L.P.
		
	By:	 	Regency Centers Corporation, its general partner

 
							
			
		 	By:	 	 
		 		 	Name:	 	 
		 		 	Title:	 	 

 EXHIBIT G 

FORM OF NOTE 
 INITIAL TERM LOAN
NOTE 
  

			
	$	 	            , 20        

 FOR VALUE RECEIVED, the undersigned, REGENCY CENTERS, L.P. (the “Borrower”) hereby unconditionally
promises to pay to the order of                          (the “Lender”), in care of Wells Fargo Bank, National
Association, as Administrative Agent (the “Administrative Agent”), to Wells Fargo Bank, National Association, 608 Second Avenue S., 11th Floor, Minneapolis, Minnesota 55402-1916, or at such other address as may be specified by the Administrative Agent to the Borrower, the principal sum of
                         AND             /100 DOLLARS
($                        ), or such lesser amount as may be the then outstanding and unpaid balance of the Initial Term Loan
made by the Lender to the Borrower pursuant to, and in accordance with the terms of, the Credit Agreement. 
 The Borrower further agrees to
pay interest at said office, in like money, on the unpaid principal amount owing hereunder from time to time on the dates and at the rates and at the times specified in the Credit Agreement. 

This Initial Term Loan Note (this “Note”) is one of the “Notes” referred to in the Term Loan Agreement dated as of
November 17, 2011 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among the Borrower, Regency Centers Corporation, the financial institutions party thereto and their
assignees under Section 12.6. thereof, the Administrative Agent, and the other parties thereto, and is subject to, and entitled to, all provisions and benefits thereof. Capitalized terms used herein and not defined herein shall have the
respective meanings given to such terms in the Credit Agreement. The Credit Agreement, among other things, (a) provides for the making of the Initial Term Loan by the Lender to the Borrower from time to time in an aggregate amount not to exceed
at any time outstanding the Dollar amount first above mentioned, (b) permits the prepayment of the Loans by the Borrower subject to certain terms and conditions and (c) provides for the acceleration of the Loans upon the occurrence of
certain specified events. 
 The Borrower hereby waives presentment, demand, protest and notice of any kind. No failure to exercise, and no
delay in exercising any rights hereunder on the part of the holder hereof shall operate as a waiver of such rights. 
 Time is of the
essence for this Note. 
 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO
CONTRACTS EXECUTED, AND TO BE FULLY PERFORMED, IN SUCH STATE. 
 [Signature Page Follows] 

 IN WITNESS WHEREOF, the undersigned has executed and delivered this Initial Term Loan Note under
seal as of the date written above. 
  

			
	REGENCY CENTERS, L.P.
		
	By:	 	Regency Centers Corporation, its general partner

 
							
			
		 	By:	 	 
		 		 	Name:	 	 
		 		 	Title:

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