Document:

Ex-10.1

Execution Version

Exhibit 10.1

EQUITY ONE, INC.

COMMON STOCK PURCHASE AGREEMENT

     This Common Stock Purchase Agreement (the “Agreement”) is entered into as of April 8, 2009, by
and between Equity One, Inc., a Maryland corporation (the “Company”), and MGN America, LLC, a
Delaware limited liability company (the “Purchaser”).

RECITALS

     WHEREAS, the Purchaser desires to purchase shares of the Company’s common stock, par value
$.01 per share (“Common Stock”), such purchase to be made in a private placement the closing of
which is to occur substantially simultaneously with the closing (the “Closing”) of the public
offering (the “Public Offering”) by the Company pursuant to an underwriting agreement between the
Company and Citigroup Global Markets Inc. and Morgan Stanley & Co. Incorporated, as
representatives of the several underwriters name therein, to be dated on or about April 9, 2009
(the “Underwriting Agreement”);

     WHEREAS, the Company desires to issue and sell the Shares (as defined below) to the Purchaser
on the terms and conditions set forth herein to fund its corporate purposes.

     NOW, THEREFORE, in consideration of the foregoing recitals and the mutual promises hereinafter
set forth, the parties hereto agree as follows:

     1. Agreement to Sell and Purchase. Subject to the terms and conditions hereof, the
Company hereby agrees to issue and sell to the Purchaser and the Purchaser agrees to purchase from
the Company, at the Closing, 2,200,000 shares of Common Stock, provided, however,
that if the number of shares of Common Stock sold in the Public Offering (other than pursuant to
the over-allotment option) exceeds 4,000,000 shares, then the Purchaser shall purchase from the
Company pursuant to this Agreement an additional number of shares of Common Stock equal to 50
percent of such excess (such shares to be so purchased, the “Shares”), provided, further, that the
Purchaser shall not be required to purchase an aggregate number of Shares in excess of the quotient
of $35,000,000 divided by the Purchase Price (as defined below). The per share purchase price
payable by the Purchaser for the Share shall be equal to the gross price to the public at which
shares of Common Stock are to be offered by the underwriters in the public offering contemplated by
the Underwriting Agreement (the “Purchase Price”).

     2. Closing, Delivery and Payment. (a) Subject to the terms of Section 5 hereof, the
closing of the sale and purchase of the Shares under this Agreement (the “Private Closing”) shall
take place substantially simultaneously with the Closing pursuant to the Underwriting Agreement
(the date of such closing shall be referred to herein as the “Closing Date”).

          (b) At the Private Closing, subject to the terms and conditions hereof, the Company will
deliver to the Purchaser a certificate representing the Shares against payment by
or on behalf of the Purchaser of the aggregate Purchase Price for the Shares by wire transfer
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an account designated by the Company, or by such other means as shall be mutually agreeable to
Purchaser and the Company. The Closing shall take place at the offices of the Company or by mail
or email facilities or such other place or means as the Company and the Purchaser may agree.

     3. Representations and Warranties of the Company. The Company represents and warrants
to the Purchaser that, as of the date hereof, the representations and warranties set forth in the
Underwriting Agreement are true and correct to the extent set forth therein, and incorporated by
reference in their entirety herein. The Company hereby additionally represents and warrants to
each Purchaser as of the date hereof as follows:

          3.1 Organization, Good Standing and Qualification. The Company is a corporation duly
organized, validly existing and in good standing under the laws of the State of Maryland. The
Company has full power and authority to own and operate its properties and assets, and to carry on
its business as presently conducted. The Company is duly qualified, is authorized to do business
and is in good standing as a foreign corporation in all jurisdictions in which the nature of its
activities and of its properties (both owned and leased) makes such qualification necessary, except
for those jurisdictions, in the aggregate, in which failure to do so would not have a material
adverse effect on the business, financial condition or results of operations of the Company and its
subsidiaries taken as a whole.

          3.2 Authorization; Binding Obligations. All corporate action on the part of the
Company, its officers, directors and stockholders necessary for the authorization, execution and
delivery of this Agreement for the sale and issuance of the Shares pursuant hereto and for the
performance of the Company’s obligations hereunder and the Registration Rights Agreement of even
date herewith (the “Registration Rights Agreement”) has been taken or will be taken prior to the
Private Closing. Each of this Agreement and the Registration Rights Agreement, when executed and
delivered, will be a valid and binding obligation of the Company enforceable in accordance with its
terms, subject to bankruptcy, insolvency, moratorium, and other laws affecting creditors’ rights
generally and subject further to general principles of equity. At the time of the Closing, the
sale of the Shares will not be subject to any preemptive rights or rights of first refusal that
have not been properly waived or complied with. When issued in compliance with the provisions of
this Agreement, the Shares will be validly issued, fully paid and nonassessable, and will be free
of any liens, claims, encumbrances or other restrictions other than restrictions on transfer under
this Agreement, the Company’s amended and restated Charter, as amended from time to time, and under
state and/or federal securities laws as set forth herein or as otherwise required by such laws at
the time a transfer is proposed or any liens, claims, encumbrances or other restrictions entered
into by the Purchaser.

          3.3 Compliance With Other Instruments. The execution, delivery and performance of and
compliance with this Agreement and the Registration Rights Agreement and the issuance and sale of
the Shares pursuant hereto will not (i) materially conflict with, or result in a material breach or
violation of, or constitute a material default under, or result in the creation or imposition of
any material lien, claim, encumbrance or restriction, (ii) violate, conflict with or
result in the breach of any material terms of, or result in the material modification of, any

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material contract or otherwise give any other contracting party the right to terminate a material
contract, or constitute (or with notice or lapse of time both constitute) a material default under
any material contract to which the Company is a party or by or to which it or any of its assets or
properties may be bound or subject or (iii) result in any violation, or be in conflict with or
constitute a default under any term, of its charter or bylaws, which in any such case could
reasonably be expected to have a material adverse effect on the Company, its financial condition or
results of operation.

     4. Representations and Warranties of the Purchaser.

     The Purchaser hereby represents and warrants to the Company as follows:

          4.1 Requisite Power and Authority. The Purchaser has all necessary power and
authority under all applicable provisions of law to execute and deliver this Agreement and the
Registration Rights Agreement and to carry out the provisions of this Agreement and the
Registration Rights Agreement. All action on the Purchaser’s part required for the lawful
execution and delivery of this Agreement and the Registration Rights Agreement has been or will be
effectively taken prior to the Private Closing. Each of this Agreement and the Registration Rights
Agreement, when executed and delivered, will be a valid and binding obligation of the Purchaser,
enforceable in accordance with its terms, except (i) as limited by applicable bankruptcy,
insolvency, reorganization, moratorium or other laws of general application affecting enforcement
of creditors’ rights and (ii) general principles of equity that restrict the availability of
equitable remedies.

          4.2 Investment Representations. The Purchaser understands that the Shares have not
been registered under the Securities Act. The Purchaser also understands that the Shares are being
offered and sold pursuant to an exemption from registration contained in the Securities Act based
in part upon the Purchaser’s representations and warranties as follows:

               (a) Purchaser is an Accredited Purchaser. The Purchaser represents that the Purchaser
is an “accredited investor” within the meaning of Rule 501(a) of Regulation D under the Securities
Act or a “qualified institutional buyer” within the meaning of Rule 144A(a)(1) under the Securities
Act.

               (b) Purchaser Bears Economic Risk. The Purchaser must bear the economic risk of this
investment indefinitely unless the Shares are registered pursuant to the Securities Act, or an
exemption from registration is available. The Purchaser understands that it will have no
registration rights with respect to its Shares except as set forth in the Registration Rights
Agreement. The Purchaser also understands that there is no assurance that any exemption from
registration under the Securities Act will be available and that, even if available, such exemption
may not allow the Purchaser to transfer all or any portion of its Shares under the circumstances,
in the amounts or at the times the Purchaser might propose.

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               (c) Acquisition For Own Account. The Purchaser is acquiring the Shares for the
Purchaser’s own account for investment only, and not with a view towards their distribution within
the meaning of the Securities Act.

               (d) Purchaser Can Protect Its Interests. The Purchaser represents that by reason of
its, or of its management’s, business or financial experience, the Purchaser has the capacity to
evaluate its investment in the Shares and the transactions contemplated in this Agreement. The
Purchaser is not a corporation, trust or partnership specifically formed for the purpose of
consummating these transactions.

               (e) Company Information. The Purchaser has had an opportunity to discuss the
Company’s business, management and financial affairs with directors, officers and management of the
Company and has had the opportunity to review the Company’s operations and facilities. The
Purchaser has also had the opportunity to ask questions of and receive answers from, the Company
and its management regarding the terms and conditions of this investment.

          4.3 Legends. The certificate representing the Shares may be endorsed with the
following legend:

	 	 	 	“The securities represented by this certificate have not been
registered under the Securities Act of 1933, as amended (the “Act”),
and are “restricted securities” as defined in Rule 144 promulgated
under the Act. The securities may not be sold or offered for sale
or otherwise distributed except (i) in conjunction with an effective
registration statement for the shares under the Act, or (ii) in
compliance with Rule 144 or (iii) pursuant to an opinion of counsel
addressed and reasonably acceptable to the corporation that such
registration or compliance is not required as to such sale, offer or
distribution.”

     Except as set forth it the Registration Rights Agreement, the Company need not register a
transfer of any Shares, and may also instruct its transfer agent not to register the transfer of
any Shares, unless the conditions specified in the foregoing legend are satisfied.

          4.4 Removal of Legend and Transfer Restrictions. Any legend endorsed on a certificate
pursuant to subsection 4.3 and the stop transfer instructions with respect to such Shares shall be
removed and the Company shall issue a certificate without such legend to the holder thereof if such
legend may be properly removed under the terms of Rule 144 promulgated under the Securities Act or
if such holder provides the Company with an opinion of counsel for such holder, reasonably
satisfactory to legal counsel for the Company, to the effect that a sale, transfer or assignment of
such Shares may be made without registration.

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     5. Conditions to Closing. The Purchaser’s obligation to purchase and the Company’s
obligation to sell the Shares shall be subject to the condition that the Closing under
Underwriting Agreement occur substantially simultaneously therewith.

     6. Rule 144 Reporting.

     With a view to making available to each Purchaser the benefits of certain rules and
regulations of the Commission which may permit the sale of the Shares to the public without
registration, the Company agrees at all times after the Closing to:

                    (a) make and keep public information available, as those terms are understood and defined in
Rule 144 under the Securities Act (“Rule 144”);

                    (b) file with the Commission in a timely manner all reports and other documents required of
the Company under the Securities Act and the Securities Exchange Act of 1934, as amended (the
“Exchange Act”); and

                    (c) so long as the Purchaser owns any Shares, to furnish to the Purchaser within a reasonable
time upon a written request by the Purchaser, a written statement by the Company as to its
compliance with the reporting requirements of Rule 144 and of the Exchange Act, a copy of the most
recent annual or quarterly report of the Company, and such other reports and documents so filed by
the Company as the Purchaser may reasonably request in complying with any rule or regulation of the
Commission allowing the Purchaser to sell any such securities without registration and shall cause
its counsel promptly to provide appropriate legal opinions to the Company’s transfer agent in
connection with a proper sale of Shares pursuant Rule 144.

     7. Miscellaneous.

          7.1 Governing Law. This Agreement shall be governed in all respects by the laws of
the State of Florida without regard to the principles of conflict of laws thereof that would cause
the laws of another jurisdiction to apply.

          7.2 Survival. The representations, warranties, covenants and agreements made herein
shall survive any investigation made by the Purchaser and the closing of the transactions
contemplated hereby. All statements as to factual matters contained in any certificate or other
instrument delivered by or on behalf of the Company pursuant hereto in connection with the
transactions contemplated hereby shall be deemed to be representations and warranties by the
Company hereunder solely as of the date of such certificate or instrument, except as expressly
provided otherwise in such certificate or instrument.

          7.3 Successors and Assigns. This Agreement and the rights granted hereunder may not
be assigned, sold, transferred, pledged, hypothecated or otherwise disposed. The Company agrees
that Shares may be pledged by the Purchaser to a bona fide third party pledgee, subject to
satisfaction of the conditions specified in the legend set forth in Section 4.3 hereof and the
terms and conditions of any lock up or similar agreement executed by the Purchaser in

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connection with the public offering contemplated by the Underwriting Agreement. This Agreement
shall be binding upon and inure to the benefit of the Company, the Purchaser and their respective
successors and permitted assigns.

          7.4 Severability. In case any provision of this Agreement shall be invalid, illegal
or unenforceable, such provision shall, to the extent practicable, be modified so as to make it
valid, legal and enforceable and to maintain as nearly as practicable the intent of the parties,
and the validity, legality and enforceability of the remaining provisions shall not in any way be
affected or impaired thereby.

          7.5 Amendment and Waiver.

               (a) Any amendment of this Agreement shall only be binding upon the parties hereto executing
such amendment.

               (b) The obligations of the Company and the Purchaser under this Agreement may be waived only
with the written consent of the parties hereto to whom such obligations are owed.

               (c) Except to the extent provided in this Section 7.5, neither this Agreement nor any
provision hereof may be changed, waived, discharged or terminated, except by a statement in writing
signed by the party against which enforcement of the change, waiver, discharge or termination is
sought.

               (d) Any amendment or waiver effected in accordance with this Section 7.5 shall be binding upon
any future holder of some or all of the Shares.

          7.6 Notices. All notices and other communications required or permitted hereunder
shall be in writing and shall be deemed effectively given and received (a) upon personal delivery,
(b) on the fifth day following mailing sent by registered or certified mail, return receipt
requested, postage prepaid, (c) upon confirmed delivery by means of a nationally recognized
overnight courier service or (d) upon confirmed transmission of facsimile addressed: (i) if to the
Purchaser, at the Purchaser’s address as set forth on the signature page hereto, or at such other
address as the Purchaser shall have furnished to the Company in writing or (ii) if to the Company,
at its address as set forth on the signature page hereto, or at such other address as the Company
shall have furnished to Purchaser in writing.

          7.7 Expenses. The Company shall pay all costs and expenses that it incurs with
respect to the negotiation, execution, delivery and performance of this Agreement, and the
Purchaser shall pay all costs and expenses that it incurs with respect to the negotiation,
execution, delivery and performance of this Agreement.

          7.8 Titles and Subtitles. The titles of the paragraphs and subparagraphs of this
Agreement are for convenience of reference only and are not to be considered in construing this
Agreement.

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          7.9 Counterparts. This Agreement may be executed in any number of counterparts, each
of which shall be deemed an original, but all of which together shall constitute one instrument and
which may be delivered by telecopy or email.

          7.10 Broker’s Fees. Each party hereto represents and warrants that no agent, broker,
investment banker, person or firm acting on behalf of or under the authority of such party hereto
is or will be entitled to any broker’s or finder’s fee or any other commission directly or
indirectly in connection with the transactions contemplated herein. Each party hereto further
agrees to indemnify each other party for any claims, losses or expenses incurred by such other
party as a result of the representation in this Section 7.10 being untrue.

          7.11 Termination. This Agreement shall terminate upon any valid termination of the
Underwriting Agreement.

          7.12 Subsequent, Consents, Permits and Waivers. The Company shall obtain promptly
after any Closing all authorizations, approvals, consents, permits and waivers that are necessary
or applicable for consummation of the transactions contemplated by this Agreement and that were not
obtained prior to such Closing because they may be properly obtained subsequent to such Closing.

[Signature Page Follows]

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     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date set forth
in the first paragraph hereof.

	 	 	 	 	 
	 	Company:

Equity One, Inc.

 	 
	 	By:  	/s/ Arthur L. Gallagher
 	 
	 	 	Name: 	Arthur L. Gallagher 	 
	 	 	Its: 	Executive Vice President, General

Counsel and Secretary

	 
	 	Address:
 1600 NE Miami Gardens Drive

North Miami Beach, Florida  33179 	 
	 
	 	Purchaser:

MGN America LLC

 	 
	 	By:  	/s/ Chaim Katzman
 	 
	 	 	Name: Chaim Katzman 	 
	 	 	Its: 	Manager 	 
	 	 	 
	 	By:  	/s/ Roni Soffer
 	 
	 	 	Name: Roni Soffer 	 
	 	
Address:
 1696 NE Miami Gardens Drive

North Miami Beach, Florida  33179 	 
	 

8EX-10.2

Execution Version

Exhibit 10.2

REGISTRATION RIGHTS AGREEMENT

     This REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made as of the 8th day of
April, 2009, by and among Equity One, Inc., a Maryland corporation (the “Company”), and MGN America
LLC, a Delaware limited liability company (the “Purchaser” and collectively with any permitted
assignee hereunder, the “Purchasers”).

RECITALS

     A. Concurrently with the execution hereof, the Company and the Purchasers are entering into
that certain Common Stock Purchase Agreement of even date herewith (the “Stock Purchase Agreement”)
for the sale by the Company and the purchase by the Purchasers of not less than 2,200,000 shares
subject to increase as set forth in the Stock Purchase Agreement (the “Shares”) of the Company’s
Common Stock, par value $.01 per share (the “Common Stock”).

     B. In order to induce the Purchasers to enter into the Stock Purchase Agreement, the Company
agrees that this Agreement shall govern the rights of the Purchasers to cause the Company to
register the Shares.

     THE PARTIES HEREBY AGREE AS FOLLOWS:

AGREEMENT

     1. Certain Definitions.

               (a) The term “Act” means the Securities Act of 1933, as amended.

               (b) The term “Closing Date” means the Initial Closing Date as defined in the Stock Purchase
Agreement.

               (c) The term “Form S-3” means such form under the Act as in effect on the date hereof or any
successor registration form under the Act subsequently adopted by the SEC.

               (d) The term “Purchasers” means the persons named on Schedule I hereto and any permitted
assignee of any Purchaser’s rights hereunder in accordance with Section 2.9 hereof.

               (e) The term “1934 Act” means the Securities Exchange Act of 1934, as amended.

               (f) The term “register,” “registered,” and “registration” refer to a registration effected by
preparing and filing a registration statement or similar document in compliance with the Act, and the declaration or ordering of effectiveness of such registration
statement or document.

 

               (g) The term “Registrable Securities” means (i) the Shares issued pursuant to the Stock
Purchase Agreement and (ii) any Common Stock of the Company issued as (or issuable upon the
conversion or exercise of any warrant, right or other security which is issued as) a dividend or
other distribution with respect to, or in exchange for or in replacement of, the Shares referenced
in (i) above, excluding in all cases, however, any Registrable Securities sold by a person in a
transaction in which such person’s rights under Section 2 hereof are not assigned.

               (h) The term “SEC” means the Securities and Exchange Commission.

               (i) The term “Shares” has the meaning set forth in Recital A.

     2. Registration
Rights. The Company covenants and agrees as follows:

          2.1 Request for Registration.

               (a) If the Company shall receive at any time after 6 months after the Closing Date, a written
request (a “Request”) from Purchasers holding not less than 1,000,000 Shares (the “Initiating
Purchasers”) that the Company file a registration statement under the Act for a public offering,
then the Company shall:

                    (i) within ten (10) days of the receipt thereof, give written notice of such request to all
other Purchasers; and

                    (ii) effect as soon as practicable, and in any event within forty-five (45) days of the
receipt of such Request, the filing of a registration statement under the Act covering all
Registrable Securities which the Purchasers request to be registered within twenty (20) days of the
mailing of such notice by the Company (a “Demand Registration”);

provided, however, that (i) the Company shall be obligated under this Section 2.1
to effect no more than two Demand Registrations, provided that a registration shall not
count toward such limit if any such Demand Registration was not declared and ordered effective by
the SEC; and (ii) a bona fide pledgee of a Purchaser’s Shares (a “Bona Fide Pledgee”) desiring to
sell Shares for the account of such Bona Fide Pledgee upon default in respect of such Purchaser’s
obligations to such Bona Fide Pledgee shall be entitled to request a Demand Registration to permit
the resale of such Shares without regard to the expiration of the 6 month period set forth above
unless the number of Shares to be sold by such Bona Fide Pledgee may be disposed of without
limitation as to amount pursuant to Rule 144 under the Act.

               (b) If the Initiating Purchasers intend to distribute the Registrable Securities covered by
their request by means of an underwriting, (i) they shall so advise the Company as a part of their
Request made pursuant to Subsection 2.1(a) and the Company shall include such information in the
written notice referred to in Subsection 2.1(a)(i) above and (ii)
the underwriter shall be selected by the Company after consultation with the Initiating
Purchasers and shall be reasonably acceptable to a majority in interest of the Initiating
Purchasers. The right of any Purchaser to include Registrable Securities in such registration

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shall be conditioned upon such Purchaser’s participation in such underwriting and the inclusion of
such Purchaser’s Registrable Securities in the underwriting (unless otherwise mutually agreed by a
majority in interest of the Initiating Purchasers and such Purchaser) to the extent provided
herein. All Purchasers proposing to distribute their securities through such underwriting shall
(together with the Company as provided in Subsection 2.3(e)) enter into an underwriting agreement
in customary form with the underwriter or underwriters selected for such underwriting.

               (c) Notwithstanding the foregoing, if the Company shall furnish to Purchasers requesting a
registration statement pursuant to this Section 2.1, a certificate signed by the Chief Executive
Officer of the Company stating that in the good faith judgment of the Board of Directors of the
Company, it would be materially detrimental to the Company and its shareholders for such
registration statement to be filed and it is therefore essential to defer the filing of such
registration statement, the Company shall have the right to defer taking action with respect to
such filing after receipt of the request of the Initiating Purchasers; provided, however, that the
Company may not exercise such deferral right for more than one hundred twenty (120) days in any 12
month period. Upon the earlier of the expiration of any such deferral period and the Board of
Directors’ good faith determination that such deferral is no longer required, the Company shall
promptly file such registration statement in accordance with the terms of this Agreement.

               (d) In addition, the Company shall not be obligated to effect any registration pursuant to
this Section 2.1 during the period starting with the date 45 days prior to the Company’s good faith
estimate of the date of filing of a registration statement subject to Section 2.2 hereof, and
ending on a date that is the earlier of one hundred eighty (180) days after the effective date of
such registration statement and thirty (30) days after the completion of the sale of the securities
registered pursuant to such registration statement, provided that the Company is actively
employing in good faith all reasonable efforts to cause such registration statement to become
effective.

          2.2 Company Registration. If the Company proposes to register (including for this
purpose a registration effected by the Company for shareholders other than the Purchasers) any of
its stock or other equity securities under the Act in connection with the underwritten public
offering of such securities solely for cash, other than registrations on Form S-8 or S-4 (or any
successor forms) or registrations in connection with dividend reinvestment plans and stock purchase
plans, then the Company shall, at such time, promptly give each Purchaser written notice of such
registration. Upon the written request of each Purchaser given within twenty (20) days after
mailing of such notice by the Company in accordance with Section 3.5, the Company shall, subject to
the provisions of Section 2.6, cause to be registered under the Act all of the Registrable
Securities that each such Purchaser has requested to be registered.

          2.3 Obligations of the Company. Whenever required under this Section 2 to effect the
registration of any Registrable Securities, the Company shall, as expeditiously as reasonably
possible:

               (a) Prepare and file with the SEC a registration statement with respect to such Registrable
Securities and use its reasonable best efforts to cause such registration

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statement to become effective, and keep such registration statement effective for a period of up to one hundred eighty
(180) days or, if earlier, until the distribution contemplated in the registration statement has
been completed; provided, however, that (i) such 180-day period shall be extended
for a period of time equal to the period the Purchaser refrains from selling any securities
included in such registration at the request of an underwriter of Common Stock (or other
securities) of the Company or at the request of the Company pursuant to Subsection (iii) below,
(ii) in the case of any registration of Registrable Securities on Form S-3 which are intended to be
offered on a continuous or delayed basis, such 180-day period shall be extended, if necessary, to
keep the registration statement effective until all such Registrable Securities are sold,
provided that Rule 415, or any successor rule under the Act, permits an offering on a
continuous or delayed basis, and provided further that applicable rules under the Act
governing the obligation to file a post-effective amendment permit, in lieu of filing a
post-effective amendment which (I) includes any prospectus required by Section 10(a)(3) of the Act
or (II) reflects facts or events representing a material or fundamental change in the information
set forth in the registration statement, the incorporation by reference of information required to
be included in (I) and (II) above to be contained in periodic reports filed pursuant to Section 13
or 15(d) of the 1934 Act in the registration statement, and (iii) the Company shall not be required
to keep such registration statement effective during a period not to exceed ninety (90) consecutive
days, not more than once in any 12-month period, in which it is determined by the Board of
Directors in good faith that there exists material non-public information regarding the Company.

               (b) Timely prepare and file with the SEC such amendments and supplements to such registration
statement and the prospectus used in connection with such registration statement as may be
necessary to comply with the provisions of the Act with respect to the disposition of all
securities covered by such registration statement.

               (c) Furnish to the Purchasers such numbers of copies of a prospectus, including a preliminary
prospectus, in conformity with the requirements of the Act, and such other documents as the
Purchasers may reasonably request in order to facilitate the disposition of Registrable Securities
owned by them.

               (d) Use its best efforts to register and qualify the securities covered by such registration
statement under such other securities or Blue Sky laws of such jurisdictions as shall be reasonably
requested by the Purchasers; provided that the Company shall not be required in connection
therewith or as a condition thereto to qualify to do business or to file a general consent to
service of process in any such states or jurisdictions unless the Company is already subject to
service in such jurisdiction and except as may be required by the Act.

               (e) Enter into and perform its obligations under an underwriting agreement, in usual and
customary form, with the managing underwriter(s) of such offering. Each Purchaser participating in
such underwriting shall also enter into and perform its obligations under such an agreement.

               (f) Notify each Purchaser holding Registrable Securities covered by such registration
statement at any time when a prospectus relating thereto is required to be
delivered under the Act of the happening of any event as a result of which the prospectus
included in such registration statement, as then in effect, includes an untrue statement of a

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material fact or omits to state a material fact required to be stated therein or necessary to make
the statements therein not misleading in the light of the circumstances then existing, and at the
request of any such Purchaser, timely prepare and furnish to such Purchaser a reasonable number of
copies of a supplement to or an amendment of such prospectus as may be necessary so that, as
thereafter delivered to the purchaser of such shares, such prospectus shall not include an untrue
statement of a material fact or omit to state a material fact required to be stated therein or
necessary to make the statements therein not misleading or incomplete in the light of the
circumstances then existing.

               (g) Cause all such Registrable Securities registered pursuant hereunder to be listed on each
securities exchange on which similar securities issued by the Company are then listed.

               (h) Provide a transfer agent and registrar for all Registrable Securities registered pursuant
hereunder and a CUSIP number for all such Registrable Securities, in each case not later than the
effective date of such registration statement.

               (i) Use its best efforts to furnish, at the request of any Purchaser requesting registration
of Registrable Securities pursuant to this Section 2, on the date that such Registrable Securities
are delivered to the underwriters for sale in connection with a registration pursuant to this
Section 2, if such securities are being sold through underwriters, or, if such securities are not
being sold through underwriters, on the date that the registration statement with respect to such
securities becomes effective, (i) an opinion, dated such date, of the counsel representing the
Company for the purposes of such registration, in form and substance as is customarily given to
underwriters in an underwritten public offering, addressed to the underwriters, if any, and to the
Purchasers requesting registration of Registrable Securities, and (ii) “comfort” letters signed by
the Company’s independent public accountants who have examined and reported on the Company’s
financial statements included in the registration statement, to the extent permitted by the
standards of the AICPA or other relevant authorities, covering substantially the same matters with
respect to the registration statement (and the prospectus included therein) and (in the case of the
accountants’ “comfort” letters, with respect to events subsequent to the date of the financial
statements) as are customarily covered in opinions of issuer’s counsel and in accountants’
“comfort” letters delivered to the underwriters in underwritten public offerings of securities.

               (j) Make available for inspection by any seller of Registrable Securities, any underwriter
participating in any disposition pursuant to such registration statement and any attorney or
accountant retained by any such seller or underwriter, all financial and other records, pertinent
corporate documents and properties of the Company, and cause the Company’s officers and directors
to supply all information reasonably requested by any such seller, underwriter, attorney or
accountant in connection with establishing a defense under Section 11 of the Act with respect to
such registration statement; provided, however, that such seller, underwriter, attorney or
accountant shall agree to hold in confidence and trust all information so provided until such
information becomes publicly available (other than as a result of a violation of such obligation of
confidentiality).

5

 

          2.4 Furnish Information. It shall be a condition precedent to the obligations of the
Company to take any action pursuant to this Section 2 with respect to the Registrable Securities of
any selling Purchaser that such Purchaser shall furnish to the Company such information regarding
itself, the Registrable Securities held by it, and the intended method of disposition of such
securities as shall be required to effect the registration of such Purchaser’s Registrable
Securities.

          2.5 Expenses of Registrations. The Company shall bear and pay all expenses, other
than underwriting discounts, brokers’ commissions and the like, incurred in connection with any
registration, filing or qualification pursuant to this Section 2, including (without limitation)
all registration, filing and qualification fees, printers’ and accounting fees relating or
apportionable thereto, and the fees and disbursements of counsel for the Company. The Purchasers
shall be responsible for all underwriting discounts, brokers’ commissions and the like with respect
to their respective Shares and any other fees and expenses incurred by them or on their behalf
(including, without limitation, fees and expenses of their own counsel and advisors).

          2.6 Underwriting Requirements. In connection with any offering involving an
underwriting of shares of the Company’s capital stock, the Company shall not be required under
Section 2.2 to include any of Purchaser’ securities in such underwriting unless such Purchaser
accepts the terms of the underwriting as agreed upon between the Company and the underwriters
selected by it (or by other persons entitled to select the underwriters). If the total amount of
securities, including Registrable Securities, requested by shareholders to be included in such
offering pursuant to Section 2.2 exceeds the maximum amount of securities that the underwriters
determine in their sole discretion will not jeopardize the success of the offering by the Company,
then the Company shall be required to include in the offering only that number of such securities,
including Registrable Securities, which the underwriters determine in their sole discretion, will
not jeopardize the success of the offering (the securities so included to be apportioned pro rata
among the selling shareholders according to the total amount of securities entitled to be included
therein owned by each selling shareholder or in such other proportions if mutually agreed to by
such selling shareholders).

          2.7 Delay of Registration. No Purchaser shall have any right to obtain or seek an
injunction restraining or otherwise delaying any such registration as the result of any controversy
that might arise with respect to the interpretation or implementation of this Section 2;
provided that this Section 2.7 shall not abrogate any other rights or remedies of any such
Purchaser hereunder.

          2.8 Indemnification. In the event any Registrable Securities are included in a
registration statement under this Section 2:

               (a) To the extent permitted by law, the Company will indemnify and hold harmless each
Purchaser, any underwriter (as defined in the Act) for such Purchaser and each person, if any, who
controls such Purchaser or such Purchaser’s securities or such underwriter within the meaning of
the Act or the 1934 Act, and each officer, director, agent, employee and partner of the foregoing
against any losses, claims, damages or liabilities (joint or several) to which they may become
subject insofar as such losses, claims, damages, or liabilities (or actions in respect thereof)
arise out of or are based upon any of the following statements,

6

 

omissions or violations (collectively a “Violation”): (i) any untrue statement or alleged
untrue statement of a material fact contained in such registration statement, including any
preliminary prospectus or final prospectus contained therein or any amendments or supplements
thereto or any other document prepared by the Company incident to such registration, (ii) the
omission or alleged omission to state therein a material fact required to be stated therein, or
necessary to make the statements therein not misleading, or (iii) any violation or alleged
violation by the Company of the Act, the 1934 Act, any state securities law or any rule or
regulation promulgated under the Act, or the 1934 Act or any state securities law; and the Company
will pay to each such indemnified person any legal or other expenses reasonably incurred by them in
connection with investigating or defending any such loss, claim, damage, liability or action;
provided, however, that the indemnity agreement contained in this Subsection 2.8(a)
shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action
if such settlement is effected without the consent of the Company (which consent shall not be
unreasonably withheld), nor shall the Company be liable in any such case for any such loss, claim,
damage, liability or action to the extent that it arises out of or is based upon a Violation which
occurs in reliance upon and in conformity with information furnished in writing expressly for use
in connection with such registration by such Purchaser, underwriter or controlling person.

               (b) To the extent permitted by law, each selling Purchaser will indemnify and hold harmless
the Company, each of its directors, each of its officers who has signed the registration statement,
each person, if any, who controls the Company within the meaning of the Act, any underwriter and
any controlling person of any such underwriter, against any losses, claims, damages or liabilities
(joint or several) to which any of the foregoing persons may become subject insofar as such losses,
claims, damages or liabilities (or actions in respect thereto) arise out of or are based upon any
Violation, in each case to the extent (and only to the extent) that such Violation occurs in
reliance upon and in conformity with information furnished in writing by such Purchaser expressly
for use in connection with such registration, and each such Purchaser will pay to each such
indemnified party any legal or other expenses reasonably incurred by them in connection with
investigating or defending any such loss, claim, damage, liability or action; provided,
however, that the indemnity agreement contained in this Subsection 2.8(b) shall not apply
to amounts paid in settlement of any such loss, claim, damage, liability or action if such
settlement is effected without the consent of the Purchaser, which consent shall not be
unreasonably withheld.

               (c) Promptly after receipt by an indemnified party under this Section 2.8 of notice of the
commencement of any action (including any governmental action), such indemnified party will, if a
claim in respect thereof is to be made against any indemnifying party under this Section 2.8,
deliver to the indemnifying party a written notice of the commencement thereof and the indemnifying
party shall have the right to participate in, and, to the extent the indemnifying party so desires,
jointly with any other indemnifying party similarly noticed, to assume the defense thereof with
counsel mutually satisfactory to the parties; provided, however, that an
indemnified party (together with all other indemnified parties which may be represented without
conflict by one counsel) shall have the right to retain one separate counsel, with the fees and
expenses to be paid by the indemnifying party, if representation of such indemnified party by the
counsel retained by the indemnifying party would be inappropriate due to actual or potential
differing interests between such indemnified party and any other party represented by such counsel
in such proceeding. The failure to deliver written notice to the indemnifying party within

7

 

a reasonable time of receipt of notice of any such action, if prejudicial to its ability to
defend such action, shall relieve such indemnifying party of any liability to the indemnified party
under this Section 2.8, but the omission so to deliver written notice to the indemnifying party
will not relieve it of any liability that it may have to any indemnified party otherwise than under
this Section 2.8. No indemnifying party, in the defense of any claim or litigation, shall, except
with the consent of each indemnified party, consent to entry of any judgment or enter into any
settlement which does not include as an unconditional term thereof the giving by the claimant or
plaintiff to such indemnified party of a release from all liability in respect to such claim or
litigation. Each indemnified party shall furnish such information regarding itself or the claim in
question as an indemnifying party may reasonably request in writing and as shall be reasonably
required in connection with defense of such claim and litigation resulting therefrom.

               (d) If the indemnification provided for in this Section 2.8 is held by a court of competent
jurisdiction to be unavailable to an indemnified party with respect to any loss, liability, claim,
damage or expense referred to therein, then the indemnifying party, in lieu of indemnifying such
indemnified party hereunder, shall contribute to the amount paid or payable by such indemnified
party as a result of such loss, liability, claim, damage or expense in such proportion as is
appropriate to reflect the relative fault of the indemnifying party on the one hand and of the
indemnified party on the other in connection with the statements or omissions that resulted in such
loss, liability, claim, damage or expense as well as any other relevant equitable considerations.
The relative fault of the indemnifying party and of the indemnified party shall be determined by
reference to, among other things, whether the untrue or alleged untrue statement of a material fact
or the omission to state a material fact relates to information supplied by the indemnifying party
or by the indemnified party and the parties’ relative intent, knowledge, access to information, and
opportunity to correct or prevent such statement or omission.

               (e) The obligations of the Company and Purchasers under this Section 2.8 shall survive the
completion of any offering of Registrable Securities in a registration statement under this Section
2, and otherwise.

               (f) Notwithstanding the foregoing, except to the extent set forth herein with respect to
indemnification of the Company to the extent that the provisions on indemnification and
contribution contained in the underwriting agreement entered into in connection with an
underwritten public offering are in conflict with the foregoing provisions, the provisions in the
underwriting agreement shall control.

          2.9 Assignment of Registration Rights. The rights to cause the Company to register
Registrable Securities pursuant to this Section 2 may be assigned (but only with all related
obligations) by a Purchaser to a Bona Fide Pledgee, provided: (a) the Company is, within a
reasonable time after such transfer, furnished with written notice of the name and address of such
Bona Fide Pledgee and the securities with respect to which such registration rights are being
assigned; (b) such Bona Fide Pledgee agrees in writing to be bound by and subject to the terms and
conditions of this Agreement; and (c) such assignment shall be effective only if immediately
following such transfer the further disposition of such securities by the Bona Fide Pledgee is
restricted as to amount or manner of sale under the Act.

8

 

          2.10 “Market Stand-Off” Agreement. The Company and each of the Purchasers hereby
agrees that, during the period of duration specified by the Company and an underwriter of Common
Stock or other securities of the Company, following the date of the first sale to the public
pursuant to a registration statement of the Company filed under the Act, it shall not, to the
extent requested by the Company and such underwriter, directly or indirectly sell, offer to sell,
contract to sell (including, without limitation, any short sale), grant any option to purchase or
otherwise transfer or dispose of (other than to donees who agree to be similarly bound) any
securities of the Company held by it at any time during such period except Common Stock included in
such registration; provided, however, that:

               (a) all executive officers and directors of the Company and each other person who holds five
percent (5%) or more of the then outstanding Common Stock (assuming the conversion of the Preferred
Shares), enter into similar agreements;

               (b) such market stand-off time period shall not exceed ninety (90) days; and

               (c) any discretionary waiver or termination of the market stand-off period by the Company or
the representatives of the underwriters shall apply to all persons subject to such market stand-off
agreement on a pro rata basis.

               In order to enforce the foregoing covenant, the Company may impose stop-transfer instructions
with respect to the Registrable Securities of the Purchasers (and the shares or securities of every
other person subject to the foregoing restriction) until the end of such period.

          2.11 Termination of Registration Rights. The right of any Purchaser to request
registration or inclusion in any registration pursuant to Section 2.1 or 2.2 shall terminate if all
shares of Registrable Securities held by such Purchaser and its Affiliates may immediately be sold
under Rule 144 during any 90-day period.

     3. Miscellaneous.

          3.1 Successors and Assigns. Except as otherwise provided herein, the terms and
conditions of this Agreement shall inure to the benefit of and be binding upon the respective
successors and permitted assigns of the parties (including transferees of any shares of Registrable
Securities). Nothing in this Agreement, express or implied, is intended to confer upon any party
other than the parties hereto or their respective successors and assigns any rights, remedies,
obligations, or liabilities under or by reason of this Agreement, except as expressly provided in
this Agreement. A Purchaser may assign its rights hereunder only to a Bona Fide Pledgee in
accordance with Section 2.9 above.

          3.2 Governing Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of Florida without regard to its conflict of laws principles to the
extent that such principles would require the application of laws other than the laws of the State
of Florida. Venue for any action brought hereunder shall be in Miami-Dade County, Florida and the
parties hereto waive any claim that such forum is inconvenient.

9

 

          3.3 Counterparts. This Agreement may be executed in two or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute one and the same
instrument. Such counterparts may be delivered by telecopy or other electronic means.

          3.4 Titles and Subtitles. The titles and subtitles used in this Agreement are used
for convenience only and are not to be considered in construing or interpreting this Agreement.

          3.5 Notices. Any notice or other communication required or permitted hereunder shall
be sufficiently given if delivered in person or sent by telecopy or by a national overnight courier
service, postage prepaid, addressed as follows: if to the Company, addressed to Equity
One, Inc. 1600 N.E. Miami Gardens Drive, North Miami Beach, Florida 33179, telecopy number
305-947-1664, Attention: President, with a copy to its counsel, Greenberg Traurig, P.A., 1221
Brickell Avenue, Miami, Florida 33131, telecopy number 305-579-0717, Attention: Ira N. Rosner,
Esq.; if to the Purchaser, addressed as specified on the signature page to the Stock
Purchase Agreement; or such other address or number as shall be furnished in writing by any such
party, and such notice or communication shall be deemed to have been given as of the date so
delivered by telecopier, telex or mail.

          3.6 Amendments and Waivers. Any term of this Agreement may be amended and the
observance of any term of this Agreement may be waived (either generally or in a particular
instance and either retroactively or prospectively), only with the written consent of the Company
and the holders of a majority of the Registrable Securities then outstanding. Any amendment or
waiver effected in accordance with this section shall be binding upon each holder of any
Registrable Securities then outstanding, each future holder of all such Registrable Securities, and
the Company.

          3.7 Severability. If one or more provisions of this Agreement are held to be
unenforceable under applicable law, such provision shall be excluded from this Agreement and the
balance of the Agreement shall be interpreted as if such provision were so excluded and shall be
enforceable in accordance with its terms.

          3.8 Aggregation of Stock. All shares of Registrable Securities held or acquired by
affiliated entities or persons shall be aggregated together for the purpose of determining the
availability of any rights under this Agreement.

          3.9 Entire Agreement; Waiver. This Agreement and the other documents delivered
pursuant hereto constitute the full and entire understanding and agreement among the parties with
regard to the subjects hereof and thereof, and supersede any previous agreement or understanding
between or among the parties with respect to such subjects, including, without limitation, the
Prior Agreement.

          3.10 Dispute Resolution. If the parties should have a material dispute arising out of
or relating to this Agreement or the parties’ respective rights and duties hereunder, then the
parties will resolve such dispute in the following manner: (i) any party may at any time deliver
to the others a written notice setting forth a brief description of the issue for which such

10

 

notice initiates the dispute resolution mechanism contemplated by this Section 3.10; (ii)
during the forty-five (45) day period following the delivery of the notice described in Section
3.10(i) above, appropriate representatives of the various parties will meet and seek to resolve the
disputed issue through negotiation then within thirty (30) days after the period described in
Section 3.10(ii) above, the parties will refer the issue (to the exclusion of a court of law) to
final and binding arbitration in Miami, Florida in accordance with the then existing rules (the
“Rules”) of the American Arbitration Association (“AAA”), and judgment upon the award rendered by
the arbitrators may be entered in any court having jurisdiction thereof; provided, however, that
the law applicable to any controversy shall be the law of the State of Florida, regardless of
principles of conflicts of laws. In any arbitration pursuant to this Agreement, (i) discovery
shall be allowed and governed by the Florida Code of Civil Procedure and (ii) the award or decision
shall be rendered by a majority of the members of a Board of Arbitration consisting of three (3)
members with experience in securities transactions, one of whom shall be appointed by each of the
respective parties and the third of whom shall be the chairman of the panel and be appointed by
mutual agreement of said two party-appointed arbitrators. In the event of failure of said two
arbitrators to agree within sixty (60) days after the commencement of the arbitration proceeding
upon the appointment of the third arbitrator, the third arbitrator shall be appointed by the AAA in
accordance with the Rules. In the event that either party shall fail to appoint an arbitrator
within thirty (30) days after the commencement of the arbitration proceedings, such arbitrator and
the third arbitrator shall be appointed by the AAA in accordance with the Rules. Nothing set forth
above shall be interpreted to prevent the parties from agreeing in writing to submit any dispute to
a single arbitrator in lieu of a three (3) member Board of Arbitration. Upon the selection of the
Board of Arbitration (or if the parties agree otherwise in writing, a single arbitrator), an award
or decision shall be rendered within in more than forty-five (45) days. Notwithstanding the
foregoing, the request by either party for preliminary or permanent injunctive relief, whether
prohibitive or mandatory, shall not be subject to arbitration and may be adjudicated only by the
courts of the State of Florida or the U.S. District Court in Florida.

11

 

     IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above
written.

	 	 	 	 	 
	 	EQUITY ONE, INC.

 	 
	 	By:  	/s/ Arthur L. Gallagher
 	 
	 	 	Name: 	Arthur L. Gallagher 	 
	 	 	Its: 	Executive Vice President,
General
Counsel
and Secretary	 
	 
	 	PURCHASER:

MGN America LLC

 	 
	 	By:  	/s/ Chaim Katzman
 	 
	 	 	Name: 	Chaim Katzman 	 
	 	 	Its: 	Manager 	 
	 
	 	 	 
	 	By:  	/s/ Roni Soffer
 	 
	 	 	Name: 	Roni Soffer 	 
	 
	 
	 	Address:
1696 NE Miami Gardens Drive

North Miami Beach, Florida 33179

	 
	 

12

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