Document:

EX-4.5

 Exhibit 4.5 

FIRST SUPPLEMENTAL INDENTURE 

This First Supplemental Indenture (this “Supplemental Indenture”), dated as of January 5, 2022, among Federal
Realty OP LP, a Delaware limited partnership (the “Company”), and U.S. Bank National Association, as trustee under the Indenture referred to below (the “Trustee”). 

BACKGROUND 
 A. The Company,
formerly known as Federal Realty Investment Trust, a Maryland real estate investment trust, has undertaken a reorganization (the “Reorganization”) pursuant to which: 

 

	 	(1)	 The Company formed a wholly-owned subsidiary Maryland real estate investment trust
(“Holdco”). 

  

	 	(2)	 Holdco formed a wholly-owned subsidiary Maryland real estate investment trust (“Merger
Sub”). 

  

	 	(3)	 Effective as of 12:00 a.m. on January 1, 2022, Merger Sub merged with and into the Company, with the
Company being the surviving entity (the “Merger”), and the Company changed its name to Federal Realty Interim Real Estate Investment Trust. 

 

	 	(4)	 Following the Merger, Holdco changed its name to “Federal Realty Investment Trust” (the former name
of the Company), and the Company converted to a Delaware limited partnership named “Federal Realty OP LP” (the “Conversion”). 

 

	 	(5)	 Holdco will be the sole initial limited partner of the Company following the Conversion. Federal Realty GP LLC,
a Delaware limited liability company and wholly-owned subsidiary of Holdco, will be the initial general partner of the Company. 

B. The Company and the Trustee are parties to that certain Indenture dated as of December 1, 1993 (the
“Indenture”). 
 C. The Reorganization is permitted by the Indenture, including Section 801 thereof, without the
consent of the Holders, and the Company will deliver to the Trustee an Officers’ Certificate and Opinion of Counsel to that effect. 

D. In connection with the Reorganization, the Company and the Trustee desire to enter into this Supplemental Indenture pursuant to
Section 901(9) of the Indenture, which provides that, without the consent of any Holders of Securities or coupons, the Company, when authorized by or pursuant to a Board Resolution, and the Trustee, at any time and from time to time, may enter
into one or more indentures supplemental to the Indenture, in form satisfactory to the Trustee, to cure any ambiguity or to correct defective provisions therein. 

 AGREEMENT 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Trustee
hereby agree as follows: 
 1. Usage of Terms. Effective immediately following the effectiveness of the Conversion, on the date of
this Supplemental Indenture, to cure an ambiguity resulting therefrom: 
  

	 	a.	 The definition of the term “Board of Trustees” in Section 101 of the Indenture shall be amended
in its entirety to read as follows: “Board of Trustees” means the board of trustees of Federal Realty Investment Trust, a Maryland real estate investment trust, the executive committee thereof or any committee of that board duly
authorized hereunder. 

  

	 	b.	 As used in (i) the defined terms “Company Request,” “Company Order” and
“Officers’ Certificate” and (ii) Section 303 of the Indenture, the term “trustee” shall be understood to mean a member of the Board of Trustees of Federal Realty Investment Trust, a Maryland real estate investment
trust. 

 2. Capitalized Terms. Capitalized terms used but not defined herein shall have the meanings given to them
in the Indenture. 
 3. Governing Law. This Supplemental Indenture shall be governed by and construed in accordance with the law of
the State of New York. 
 4. Counterparts. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy
shall be an original, but all of them together represent the same agreement. 
 5. The Trustee. The Trustee shall not be responsible
in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Company. 

[Signature Page Follows] 

  
 2 

 IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental Indenture to be
duly executed and attested, all as of the date first above written. 
  

			
	FEDERAL REALTY OP LP
		
	By:	 	 /s/ Dawn M. Becker

		 	Name: Dawn M. Becker
		 	Title:   Executive Vice President-Corporate
	
	U.S. BANK NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 /s/ Paul Vaden

		 	Name: Paul Vaden
		 	Title:   Vice President

  

  
 First Supplemental
Indenture – 1993 IndentureEX-4.6

 Exhibit 4.6 

FIRST SUPPLEMENTAL INDENTURE 

This First Supplemental Indenture (this “Supplemental Indenture”), dated as of January 5, 2022, among Federal
Realty OP LP, a Delaware limited partnership (the “Company”), and U.S. Bank National Association, as trustee under the Indenture referred to below (the “Trustee”). 

BACKGROUND 
 A. The Company,
formerly known as Federal Realty Investment Trust, a Maryland real estate investment trust, has undertaken a reorganization (the “Reorganization”) pursuant to which: 

 

	 	(1)	 The Company formed a wholly-owned subsidiary Maryland real estate investment trust
(“Holdco”). 

  

	 	(2)	 Holdco formed a wholly-owned subsidiary Maryland real estate investment trust (“Merger
Sub”). 

  

	 	(3)	 Effective as of 12:00 a.m. on January 1, 2022, Merger Sub merged with and into the Company, with the
Company being the surviving entity (the “Merger”), and the Company changed its name to Federal Realty Interim Real Estate Investment Trust. 

 

	 	(4)	 Following the Merger, Holdco changed its name to “Federal Realty Investment Trust” (the former name
of the Company), and the Company converted to a Delaware limited partnership named “Federal Realty OP LP” (the “Conversion”). 

 

	 	(5)	 Holdco will be the sole initial limited partner of the Company following the Conversion. Federal Realty GP LLC,
a Delaware limited liability company and wholly-owned subsidiary of Holdco, will be the initial general partner of the Company. 

B. The Company and the Trustee are parties to that certain Indenture dated as of September 1, 1998 (the
“Indenture”). 
 C. The Reorganization is permitted by the Indenture, including Section 801 thereof, without the
consent of the Holders, and the Company will deliver to the Trustee an Officers’ Certificate and Opinion of Counsel to that effect. 

D. In connection with the Reorganization, the Company and the Trustee desire to enter into this Supplemental Indenture pursuant to
Section 901(9) of the Indenture, which provides that, without the consent of any Holders of Securities or coupons, the Company, when authorized by or pursuant to a Board Resolution, and the Trustee, at any time and from time to time, may enter
into one or more indentures supplemental to the Indenture, in form satisfactory to the Trustee, to cure any ambiguity or to correct defective provisions therein. 

AGREEMENT 
 NOW, THEREFORE, for
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Trustee hereby agree as follows: 

 1. Usage of Terms. Effective immediately following the effectiveness of the
Conversion, on the date of this Supplemental Indenture, to cure an ambiguity resulting therefrom: 
  

	 	a.	 The definition of the term “Board of Trustees” in Section 101 of the Indenture shall be amended
in its entirety to read as follows: “Board of Trustees” means the board of trustees of Federal Realty Investment Trust, a Maryland real estate investment trust, the executive committee thereof or any committee of that board
duly authorized hereunder. 

  

	 	b.	 As used in (i) the defined terms “Company Request,” “Company Order” and
“Officers’ Certificate” and (ii) Section 303 of the Indenture, the term “trustee” shall be understood to mean a member of the Board of Trustees of Federal Realty Investment Trust, a Maryland real estate investment
trust. 

 2. Capitalized Terms. Capitalized terms used but not defined herein shall have the meanings given to them
in the Indenture. 
 3. Governing Law. This Supplemental Indenture shall be governed by and construed in accordance with the law of
the State of New York. 
 4. Counterparts. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy
shall be an original, but all of them together represent the same agreement. 
 5. The Trustee. The Trustee shall not be responsible
in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Company. 

[Signature Page Follows] 

  
 2 

 IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental Indenture to be
duly executed and attested, all as of the date first above written. 
  

			
	FEDERAL REALTY OP LP
		
	By:	 	 /s/ Dawn M. Becker

		 	Name: Dawn M. Becker
		 	Title:   Executive Vice President-Corporate
	
	U.S. BANK NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 /s/ Paul Vaden

		 	Name: Paul Vaden
		 	Title:   Executive Vice President-Corporate

  

  
 First Supplemental
Indenture – 1998 IndentureExhibit 10.1

 

December [●], 2021

 

Deal Bonus Agreement

 

Dear [●]:

 

As
you are aware, CyrusOne Inc. (the “Company”) has entered into a merger agreement, dated November 14, 2021 (the
 “Merger Agreement”), with Cavalry Parent L.P. and Cavalry Merger Sub LLC (together, the “Acquiror”),
pursuant to which the Acquiror intends to acquire the Company (the “Transaction”). You have been identified as integral
to the success of the Transaction, and the Company would like to provide you with an additional incentive to continue your employment
with the Company. Therefore, we are pleased to offer you a deal bonus in an aggregate amount of $[●] (the “Deal Bonus”)
pursuant to the terms of this letter agreement.

 

1.                 
Deal Bonus. (a) The Deal Bonus will be earned as follows: (i) one-half of the Deal Bonus will be earned if you remain employed
with the Company or one of its subsidiaries or affiliates through the closing of the Transaction (the “Closing”) and
(ii) the remaining half of the Deal Bonus will be earned if you remain employed with the Company or one of its subsidiaries or affiliates
through the 90 day anniversary of the Closing (each such date, a “Vesting Date”). Any earned portion of the Deal Bonus
will be paid within ten days following the applicable Vesting Date. Other than as set forth in Section 1(b), if your employment with the
Company and its subsidiaries and affiliates terminates prior to the final Vesting Date, any portion of the Deal Bonus that is then unearned
will be immediately forfeited and you will have no further rights with respect thereto.

 

(b)       Notwithstanding
the foregoing, in the event that, prior to the final Vesting Date, your employment with the Company and its subsidiaries and affiliates
is terminated due to your death or disability or, following the Closing, under circumstances that entitle you to receive severance, then
the Deal Bonus will be earned in full and the Company or its applicable subsidiary will pay you any then unpaid portion of the Deal Bonus
within 10 days following such termination.

 

(c)       In
the event that prior to the Closing, the Merger Agreement is terminated in connection with the Company entering into another merger agreement
in connection with a superior proposal from another potential acquirer (a “Superior Proposal”), (i) this letter agreement
shall continue in full force and effect and (ii) as used in this letter agreement, the term “Merger Agreement” shall mean
the merger agreement entered into in connection with such Superior Proposal and the term “Acquiror” shall mean the potential
acquirer in connection with such Superior Proposal.

 

2.                 
Restrictive Covenants. Receipt of the Deal Bonus is conditioned on your continued compliance with any non-competition covenant
applicable to you as of the date of this letter agreement or that is entered into between you and the Company on or after the date of
this letter agreement and prior to the Closing.

 

3.                 
Confidentiality. You hereby agree that you will keep the terms of this letter agreement confidential, and will not, except
as required by law, disclose such terms to any person other than your immediate family or professional advisers (who also must keep the
terms of this letter agreement confidential). Notwithstanding the foregoing, nothing in or about this letter agreement prohibits you from:
(a) filing and, as provided for under Section 21F of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
maintain the confidentiality of a claim with the Securities and Exchange Commission (the “SEC”); (b) providing confidential
information to the SEC, or providing the SEC with information that would otherwise violate this Section 3, to the extent permitted by
Section 21F of the Exchange Act; (c) cooperating, participating or assisting in an SEC investigation or proceeding without notifying the
Company; or (d) receiving a monetary award as set forth in Section 21F of the Exchange Act.

 

     

     

    

 

4.                 
Withholding. Subject to applicable law, the Company or its applicable subsidiary may deduct and withhold from the Deal Bonus
such Federal, state, local, foreign or other taxes as are required to be withheld pursuant to any applicable law or regulation.

 

5.                 
Assignment. The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise)
to all or substantially all of the business or assets of the Company (a “Successor”) to assume and agree to perform
this letter agreement in the same manner and to the same extent that the Company would have been required to perform it if no such succession
had taken place. As used in this letter agreement, the term “Company” shall mean the Company as hereinbefore defined and any
Successor and any permitted assignee to which this letter agreement is assigned. You may not assign this letter agreement without the
prior written consent of the Company, except that your rights hereunder shall inure to the benefit of, and be enforceable by, your executors,
successors, heirs, distributes, devisees and legatees.

 

6.                 
Entire Agreement. This letter agreement (a) constitutes the entire agreement between the parties with respect to the subject
matter hereof (other than with respect to non-competition covenants, in which case the applicable restrictive covenant agreement and the
applicable severance plan shall also apply), (b) cannot be amended, modified or waived except in writing signed by you and the Company
and (c) shall be construed and interpreted in accordance with the laws of the State of Texas. Nothing contained herein, including the
award of the Deal Bonus, constitutes a contract or guarantee of employment with the Company or any of its subsidiaries or affiliates or
is intended to modify the terms or conditions of your employment with the Company and its subsidiaries and affiliates.

 

7.                 
Counterparts. This letter agreement may be executed in any number of counterparts (including by facsimile or PDF), each
of which will be deemed an original but all of which together will constitute one and the same instrument.

 

As a key member of the Company’s
success to date, we are asking for your continued leadership in connection with the Transaction. You will play an important role in ensuring
that the Transaction is successful for both the Company and the Acquiror, and that is why you are receiving this award. We look forward
to working with you in pursuit of a successful Transaction and Closing.

 

    2

     

    

 

	 	CyrusOne Inc.
	 	 	 
		By:	
	 	 	Name: [●]
	 	 	Title: [●]

 

Accepted and Agreed:

 

	By:	             	 
	Employee’s Name: [●]	 
	Title: [●]	 
	Dated: December ____, 2021	 

 

    3

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