Document:

Exhibit 4.2

 

RISK RETENTION AGREEMENT, dated
as of April 18, 2022 (this “Agreement”), by and among SYNCHRONY BANK, a federal savings association organized under
the laws of the United States (“Synchrony Bank”), SYNCHRONY CARD FUNDING, LLC, a Delaware limited liability company
(“Synchrony Card Funding”), and SYNCHRONY CARD ISSUANCE TRUST, a Delaware statutory trust (the “Issuer”).

 

W I T N E S S E T H:

 

WHEREAS, Synchrony Bank and
Synchrony Card Funding have entered into an Amended and Restated Receivables Sale Agreement, dated as of May 1, 2018 (the “Receivables
Sale Agreement”), pursuant to which Synchrony Bank sells Receivables arising under certain Accounts to Synchrony Card Funding;

 

WHEREAS, Synchrony Card Funding
and the Issuer have entered into an Amended and Restated Transfer Agreement, dated as of May 1, 2018 (as amended, restated, supplemented
or otherwise modified, the “Transfer Agreement”), pursuant to which Synchrony Card Funding conveyed to the Issuer all
of its right, title and interest in and to the Receivables arising under certain Accounts;

 

WHEREAS, Synchrony Card Funding,
Citibank, N.A., as the trustee (in such capacity, the “Trustee”) and Citicorp Trust Delaware, National Association,
as the Delaware trustee, have entered into an Amended and Restated Trust Agreement, dated as of May 1, 2018 (as amended, restated, supplemented
or otherwise modified, the “Trust Agreement”), pursuant to which the Issuer issued the Transferor Interest to Synchrony
Card Funding;

 

WHEREAS, the Issuer and The
Bank of New York Mellon (the “Indenture Trustee”) have entered into an Amended and Restated Master Indenture, dated
as of May 1, 2018 (as amended, restated, supplemented or otherwise modified, the “Master Indenture”), and a SynchronySeries
Indenture Supplement, dated as of September 26, 2018, (as amended, restated, supplemented or otherwise modified, the “Indenture
Supplement”, and together with the Master Indenture, the “Indenture”), pursuant to which the Issuer has issued
and may from time to time issue the SynchronySeries Notes; and

 

WHEREAS, Synchrony Card Funding
intends to cause the Issuer to issue the Class A(2022-1) Notes pursuant to the Indenture and the Class A(2022-1) Terms Document, dated
as of April 18, 2022 (the “Terms Document”), between the Issuer and the Indenture Trustee.

 

NOW, THEREFORE, it is hereby
agreed by and among Synchrony Bank, Synchrony Card Funding and the Issuer as follows:

 

1.             DEFINITIONS. All capitalized
terms used but not defined herein shall have the meanings given to such terms in the Terms Document and, if not defined therein, in the
Indenture. The following capitalized terms shall have the following meanings:

 

“Applicable
Investor” means each holder of a beneficial interest in any Class A(2022-1) Note that is (i) an “institutional
investor” as defined in the EU Securitization Regulation and to which the EU Securitization Regulation applies or (ii) an
 “institutional investor” as defined in the UK Securitization Regulation and to which the UK Securitization Regulation
applies.

 

    

     

    

 

“EU Securitization
Regulation” means Regulation (EU) 2017/2402 of the European Parliament and of the Council of December 12, 2017 laying down a
general framework for securitization and creating a specific framework for simple, transparent and standardized securitization and amending
certain other European Union directives and regulations, as amended.

 

“EU Securitization
Rules” means the EU Securitization Regulation, together with any relevant regulatory and/or implementing technical standards
adopted by the European Commission in relation thereto, any relevant regulatory and/or implementing technical standards applicable in
relation thereto pursuant to any transitional arrangements made pursuant to the EU Securitization Regulation, and, in each case, any relevant
guidance published in relation thereto by the European Banking Authority or the European Securities and Markets Authority (or, in either
case, any predecessor authority) or by the European Commission.

 

“UK Securitization
Regulation” means Regulation (EU) 2017/2402 as it forms part of UK domestic law by operation of the European Union (Withdrawal)
Act 2018, as amended, and as amended by the Securitisation (Amendment) (EU Exit) Regulations 2019, and as further amended.

 

“UK
Securitization Rules” means the UK Securitization Regulation, together with (a) all applicable binding technical standards
made under the UK Securitization Regulation, (b) any EU regulatory technical standards or implementing technical standards relating
to the EU Securitization Regulation (including such regulatory technical standards or implementing technical standards which are
applicable pursuant to any transitional provisions of the EU Securitization Regulation) forming part of UK domestic law by operation
of the European Union (Withdrawal) Act 2018, as amended (the “EUWA”), (c) all relevant guidance, policy statements or
directions relating to the application of the UK Securitization Regulation (or any binding technical standards) published by the
Financial Conduct Authority and/or the Prudential Regulation Authority (or their successors), (d) any guidelines relating to the
application of the EU Securitization Regulation which are applicable in the United Kingdom, (e) any other transitional, saving or
other provision relevant to the UK Securitization Regulation by virtue of the operation of the EUWA and (f) any other applicable
laws, acts, statutory instruments, rules, guidance or policy statements published or enacted relating to the UK Securitization
Regulation, in each case, as may be further amended, supplemented or replaced, from time to time.

 

2.              REPRESENTATIONS. Synchrony
Bank represents and warrants to the Issuer and the Indenture Trustee (solely for the benefit of the Applicable Investors) that as of
the date hereof:

 

(a)       Synchrony Bank has all requisite power
and authority to execute, deliver and perform its obligations under this Agreement;

 

(b)       The execution, delivery and
performance of this Agreement have been duly authorized by all necessary action, and do not violate any provision of any law or
regulation of any Governmental Authority, or contractual or other restrictions binding on Synchrony Bank, except where such
violations, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect; and

 

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(c)       This Agreement
is the valid, binding and enforceable obligation of Synchrony Bank, except as the same may be limited by applicable Debtor Relief Laws,
now or hereafter in effect, and by general principles of equity (whether considered in a suit at law or in equity).

 

3.              COVENANTS. With reference to the
EU Securitization Rules and the UK Securitization Rules, in each case as in effect and applicable on the date hereof, Synchrony Bank hereby
confirms, represents and warrants to and agrees with, and irrevocably and unconditionally undertakes to the Issuer and the Indenture Trustee,
solely for the benefit of each Applicable Investor, on an ongoing basis, that:

 

(a)       Synchrony
Bank, as an “originator” for the purposes of the EU Securitization Rules and the UK Securitization Rules, will retain
upon issuance of the Notes, and on an ongoing basis for so long as the Notes remain outstanding, a material net economic interest in
the securitization transaction described in the Offering Memorandum (the “Retained Interest”) that is not less
than 5% of the nominal value of the securitized exposures, in a form that is intended to qualify as an originator’s interest
as provided in option (b) of Article 6(3) of the EU Securitization Regulation and option (b) of Article 6(3) of the UK
Securitisation Regulation, in each case, as in effect and applicable on the closing date, by holding all the membership interests in
Synchrony Card Funding, which in turn holds all or part of the Transferor Interest (the “Retained Interest”);

 

(b)       Synchrony Bank
will not (and will not permit Synchrony Card Funding or any of its other affiliates to) hedge or otherwise mitigate its credit risk under
or associated with the Retained Interest, or sell, transfer or otherwise surrender all of part of the rights, benefits or obligations
arising from the Retained Interest, except, to the extent permitted in accordance with the EU Securitization Rules and the UK Securitization
Rules;

 

(c)       Synchrony Bank
will not change the manner or form in which it retains  its Retained Interest while any of the Class A(2022-1) Notes are outstanding,
except as permitted by the EU Securitization Rules and the UK Securitization Rules; and

 

 

(d)       Synchrony Bank
will provide ongoing confirmation of Synchrony Bank’s continued compliance with its obligations described in (a), (b) and (c) above
in or concurrently with the delivery of each Monthly Noteholders’ Statement.

 

4.             AGREEMENTS OF SYNCHRONY CARD
FUNDING. Synchrony Card Funding hereby acknowledges the terms and conditions of this Agreement and, further, covenants that it
will not subject the Retained Interest to any credit risk mitigation or other hedge, or sell, transfer or otherwise surrender all or
part of the rights, benefits or obligations arising from the Retained Interest, other than as directed by Synchrony Bank and as
permitted in accordance with the terms of this Agreement.

 

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5.              LIMITATION OF
LIABILITY.

 

(a)        It is expressly
understood and agreed by the parties hereto that (i) this Agreement is executed and delivered by Citibank, N.A., not individually or personally,
but solely as Trustee of the Issuer, (ii) each of the representations, undertakings and agreements herein made on the part of the Issuer
is made and intended not as a personal representation, undertaking and agreement by Citibank, N.A. but is made and intended for the purpose
of binding only the Issuer, (iii) nothing herein contained shall be construed as creating any liability on Citibank, N.A., individually
or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived
by the parties hereto and by any Person claiming by, through or under the parties hereto, (iv) Citibank, N.A. has made no investigation
as to the accuracy or completeness of any representations and warranties made by the Issuer or any other party in this Agreement, and
(v) under no circumstances shall Citibank, N.A. be personally liable for the payment of any indebtedness or expenses of the Issuer or
be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this
Agreement or any other related documents.

  

(b)       Notwithstanding
anything to the contrary contained herein or in any other document or agreement relating to the Class A(2022-1) Notes, in no event shall
Synchrony Bank or Synchrony Card Funding be liable to the Indenture Trustee, the Issuer, the Trustee, any Applicable Investor or any other
Noteholder, or responsible for, losses in respect of the Class A(2022-1) Notes or any interest therein, including, without limitation
any loss of value of any Class A(2022-1) Notes or any interest therein, due to the failure of the Retained Interest and compliance by
Synchrony Bank and Synchrony Card Funding with the terms of this Agreement to satisfy the EU Securitization Rules, the UK Securitization
Rules or other similar or equivalent provisions now or hereafter in effect.

 

(c)       Without limiting
Section 5(b) of this Agreement, except as specifically provided in Sections 3 and 4 of this Agreement, neither Synchrony Bank nor Synchrony
Card Funding undertakes, or intends, to take or refrain from taking any action with regard to the Class A(2022- 1) Notes in a manner prescribed
or contemplated by the EU Securitization Rules or the UK Securitization Rules, or to take any action for purposes of, or in connection
with, compliance by any Applicable Investor or other person with any applicable EU Securitization Rules or UK Securitization Rules. In
particular, neither of them makes any undertaking in this Agreement or otherwise with respect to the transparency requirements in Article
7 of the EU Securitization Regulation or Article 7 of the UK Securitization Regulation.

 

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6.             MISCELLANEOUS.

 

(a)       THIS
AGREEMENT AND THE OBLIGATIONS ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND
PERFORMANCE, BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING
SECTION 5-1401(1) OF THE GENERAL OBLIGATIONS LAW, BUT WITHOUT REGARD TO ANY OTHER CONFLICT OF LAW PROVISIONS THEREOF) AND ANY
APPLICABLE LAWS OF THE UNITED STATES OF AMERICA.

 

(b)       EACH
PARTY HERETO HEREBY CONSENTS AND AGREES THAT THE STATE OR FEDERAL COURTS LOCATED IN THE BOROUGH OF MANHATTAN IN NEW YORK CITY SHALL
HAVE EXCLUSIVE JURISDICTION TO HEAR AND DETERMINE ANY CLAIMS OR DISPUTES BETWEEN THEM PERTAINING TO THIS INDENTURE OR TO ANY MATTER
ARISING OUT OF OR RELATING TO THIS INDENTURE; PROVIDED, THAT EACH PARTY HERETO ACKNOWLEDGES THAT ANY APPEALS FROM THOSE
COURTS MAY HAVE TO BE HEARD BY A COURT LOCATED OUTSIDE OF THE BOROUGH OF MANHATTAN IN NEW YORK CITY. EACH PARTY HERETO SUBMITS AND
CONSENTS IN ADVANCE TO SUCH JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN ANY SUCH COURT, AND EACH PARTY HERETO HEREBY WAIVES ANY
OBJECTION THAT SUCH PARTY MAY HAVE BASED UPON LACK OF PERSONAL JURISDICTION, IMPROPER VENUE OR FORUM NON CONVENIENS AND
HEREBY CONSENTS TO THE GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF AS IS DEEMED APPROPRIATE BY SUCH COURT. EACH PARTY HERETO HEREBY
WAIVES PERSONAL SERVICE OF THE SUMMONS, COMPLAINT AND OTHER PROCESS ISSUED IN ANY SUCH ACTION OR SUIT AND AGREES THAT SERVICE OF
SUCH SUMMONS, COMPLAINT AND OTHER PROCESS MAY BE MADE BY REGISTERED OR CERTIFIED MAIL ADDRESSED TO SUCH PARTY AT ITS ADDRESS
DETERMINED IN ACCORDANCE WITH SECTION 6(d) AND THAT SERVICE SO MADE SHALL BE DEEMED COMPLETED UPON THE EARLIER OF SUCH
PARTY’S ACTUAL RECEIPT THEREOF OR THREE DAYS AFTER DEPOSIT IN THE UNITED STATES MAIL, PROPER POSTAGE PREPAID. NOTHING IN THIS
SECTION SHALL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE LEGAL PROCESS IN ANY OTHER MANNER PERMITTED BY LAW.

 

(c)       BECAUSE
DISPUTES ARISING IN CONNECTION WITH COMPLEX FINANCIAL TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN EXPERIENCED AND EXPERT
PERSON AND THE PARTIES WISH APPLICABLE STATE AND FEDERAL LAWS TO APPLY (RATHER THAN ARBITRATION RULES), THE PARTIES DESIRE THAT THEIR
DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION OF THE BENEFITS OF THE JUDICIAL
SYSTEM, THE PARTIES HERETO WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT, OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE, WHETHER
SOUNDING IN CONTRACT, TORT OR OTHERWISE, ARISING OUT OF, CONNECTED WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED AMONG
THEM IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

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If to Synchrony Bank:

 

777 Long Ridge Road

Stamford, Connecticut 06902

Attention: Eric Duenwald – Treasurer

 

If to Synchrony Card Funding:

 

777 Long Ridge Road

Stamford, Connecticut 06902

Attention: Eric Duenwald – President

 

If to the Issuer:

 

388 Greenwich Street

New York, New York 10013

Attn: Synchrony Card Issuance Trust

 

(d)       Neither this Agreement nor
any term or provision hereof may be changed, waived, discharged or terminated except by a writing signed by a duly authorized officer
of the party against whom enforcement of such change, waiver, discharge or termination is sought to be enforced.

 

(e)       Any part, provision, representation,
warranty or covenant of this Agreement that is prohibited or is held to be void or unenforceable shall be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining provisions hereof.

 

Any part, provision, representation,
warranty or covenant of this Agreement that is prohibited or is held to be void or unenforceable in any particular jurisdiction shall,
as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions
hereof, and any such prohibition or unenforceability in any particular jurisdiction shall not invalidate or render unenforceable such
provision in any other jurisdiction.

 

To the extent permitted by applicable
law, the parties hereto waive any provision of law which prohibits or renders void or unenforceable any provision hereof.

 

(f)        This Agreement constitutes
the entire agreement and understanding of the parties with respect to the matters addressed herein, and this Agreement supersedes any
prior agreements and/or understandings, written or oral, with respect to such matters.

 

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(g)        The Issuer is a party to
this Agreement solely for the purposes of obtaining the benefit of the representations, warranties and covenants contained therein and
under no circumstances shall it be deemed to have undertaken any obligations thereunder or by virtue of its entry into this Agreement.

 

(h)        The Indenture Trustee is
a third party beneficiary of this Agreement solely for the purpose of obtaining the benefit of the representations, warranties and covenants
contained herein and under no circumstances shall it be deemed to have undertaken any obligations hereunder. For the avoidance of doubt,
in no event shall the Indenture Trustee have any responsibility to monitor compliance with or be charged with knowledge of the EU Securitization
Rules or the UK Securitization Rules, nor shall it be liable to any Applicable Investor, Noteholder or any party whatsoever for any violation
of such EU Securitization Rules or such UK Securitization Rules or such similar provisions now or hereafter in effect or for any breach
of any term of this Agreement.

 

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Synchrony Bank, Synchrony Card
Funding and the Issuer have caused this Agreement to be duly executed by their respective officers as of the date first above written.

 

	 	SYNCHRONY BANK
	 	 
	 	By:	/s/ Eric Duenwald
	 	Name:    Eric Duenwald
	 	Title:      SVP and Treasurer
	 	 
	 	SYNCHRONY CARD FUNDING, LLC
	 	 
	 	By:	/s/ Christopher Coffey
	 	Name:    Christopher Coffey
	 	Title:      Vice President
	 	 
	 	SYNCHRONY CARD ISSUANCE TRUST
	 	 
	 	By: Citibank, N.A., not in its individual capacity,
    but solely as Trustee
	 	 
	 	By:	/s/ Jose
    Mayorga        
	 	Name:   Jose Mayorga
	 	Title:     Senior Trust OfficerExhibit 10.1

 

INDEPENDENT
CONSULTING SERVICES AGREEMENT

 

THIS
AGREEMENT (“Agreement”) is made and entered into on this 19th day of April 2022, by and between Veris Residential, Inc.
(“Veris” or the “Company”), having offices at Harborside 3, 210 Hudson Street, Suite 400, Jersey City, N.J.
07311 and Gary T. Wagner, an independent consultant, having
an office at [*****] (“Consultant”).

 

In
consideration of the mutual promises and covenants contained in this
Agreement, and intending to be legally bound, Veris
and Consultant agree as follows:

 

		1.	Consulting Services

 

Consultant's responsibilities
(“Consulting Services”) shall include, but not be limited to:

 

(a) 
providing the Company with requested information and advice on matters of which Consultant has knowledge due to his prior role
as General Counsel and Secretary of the Company;

(b) 
meeting with Company representatives (either telephonically or in person) during the Term;

(c) cooperating with the Company with respect to litigation, investigations, or governmental proceedings regarding matters in which
Consultant was involved during his employment;

(d) 
using his best efforts to ensure a seamless transition of legal and business related matters for which he was responsible;

		(e)	consulting on ongoing development projects;

(f) 
consulting on any matters on which Veris' Chief Executive Officer, Chief Operating Officer, Chief Financial Officer or General
Counsel and outside legal counsel seek information and cooperation.

 

		2.	Term and Hours

 

Consultant
shall commence providing the Consulting Services described above on April 16, 2022 (“Effective Date”) and continue
performing pursuant to the terms of this Agreement until October 16, 2022 (“Term”), unless this Agreement is terminated
as provided in Paragraph 8 below.

 

		3.	Compensation.

 

As compensation
for the Consulting Services to be provided by Consultant hereunder, at the conclusion of the Term or the termination of this Agreement,
if earlier, Veris shall provide Consultant with (a) a lump sum of $50,000.00 and (b) all right, title and interest in a 2019 BMW M550i
vehicle with a Vehicle Identification Number of [*****] (“Consulting Fee”). Veris shall issue an IRS Form 1099 to
Consultant reflecting the Consulting Fee.

 

		4.	Veris' Rights and Responsibilities.

 

(a)         
Veris shall have no right to control the Consulting Services, or the means and methods employed by Consultant in performing the
Consulting Services required pursuant to this Agreement (provided, however, that Consultant agrees that he shall comply with all applicable
laws).

 

(b)          Veris
will reimburse Consultant for reasonable out-of-pocket expenses directly incurred by Consultant in performing Consulting Services
under this Agreement.

 

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5.           
Independent Contractor. Consultant is an independent
contractor and as such shall have no authority to enter into any agreement on behalf of Veris or to obligate Veris in any manner whatsoever
or make any statements, representations, decisions or commitments of any kind or to take any action binding on Veris except as authorized
in writing by Veris. Consultant is prohibited from incurring any liabilities or expenses on behalf of Veris.

 

(a)          
Consultant understands that, as an independent contractor, he should make payments against estimated income taxes due to the Internal
Revenue Service and all relevant State agencies on his own behalf in regard to receipt of the Consulting Fee. Consultant hereby acknowledges
that pursuant to this Agreement and in consideration for his performance of the Consulting Services, Veris has no obligation to provide
him with health insurance, Temporary Disability, Unemployment or Worker's Compensation insurance or any other form of insurance or benefits
of any kind.

 

(b)         
In the event that Consultant's status as an independent contractor should be challenged or re-characterized by any government entity,
Consultant hereby releases from and indemnifies Veris for any liability incurred or threatened, including interest and penalties, and
the costs of defending administratively or judicially, and, if necessary, of settling any proceedings attempting to re-characterize Consultant's
status or to collect any amounts, including interest and penalties, alleged to be due from Veris.

 

6.           
Representations and Covenants. Consultant
represents, warrants, and covenants that (a) Consultant is free to enter into this Agreement, and has full legal power and authority to
enter into and perform under this Agreement; (b) Consultant's entry into and performance under this Agreement does not and will not violate
any rights of or obligations of Consultant to any third party; (c) Consultant will use his best efforts to perform in accordance with
this Agreement; (d) Consultant will provide, pay for and keep in good standing all licenses pertaining to activities engaged in by Consultant
and will comply with all federal, state and local laws and regulations and all valid orders of federal, state and local officials pertaining
to such activities; and (e) Consultant will not engage in any activities that could be contrary to the best interests of or harm the good
reputation or image of Veris.

 

7.            Confidentiality. Consultant
acknowledges and agrees that in the course of rendering Consulting Services under this Agreement, Consultant will be exposed to and
possess Veris' information, trade secrets, and other matters which are of a proprietary or confidential nature, including, but not
limited to, personnel information and data, health insurance information, personal information of employees, operations, business
opportunities, price and cost information, finance, tenant information, business plans, various leasing techniques, manuals, costs
and profit margins, rental rates, competitive analyses, letters, notebooks, procedures, reports, products, processes, services, and
other non-public, confidential information and knowledge (collectively, the “Confidential Information”) concerning
Veris' businesses. Veris expects to provide to Consultant on an ongoing basis such Confidential Information as Veris deems necessary
or desirable to aid Consultant in the performance of the Consulting Services. Consultant understands, acknowledges and agrees that
such Confidential Information is confidential, and Consultant agrees not to disclose such Confidential Information to anyone other
than those at Veris with a need to know and except to the extent that Consultant is required by order of a court or government
agency (by subpoena or similar process) to disclose or discuss any Confidential Information. Confidential Information shall not
include any information that (i) is or becomes known to the general public under circumstances involving no breach by Consultant or
not known or which should have been known by Consultant to involve a breach by any third party of an obligation of confidentiality
to Veris or (ii) is generally disclosed to third parties by Veris without restriction on such third parties or (iii) is approved for
release by written authorization of Veris. Consultant further agrees that all Confidential Information shall be kept strictly
confidential by Consultant and will not be disclosed by Consultant to any employees, directors, shareholders, agents, advisors or
representatives of any other client or customer of Consultant, and that after the termination of this Agreement, Consultant will not
use or allow the use for any purpose of the Confidential Information or notes, summaries or other material derived by
Consultant from the Confidential Information. Consultant agrees that he will promptly return to Veris any Confidential Information
previously removed by Consultant from Veris' premises physically or electronically. Consultant agrees that the breach of any
provision of this paragraph will cause irreparable harm to Veris for which remedies at law will be inadequate. Accordingly, in the
event of any breach or threatened or attempted breach of any provision hereof by Consultant, Veris shall, in addition to all other
remedies, be entitled to a temporary and permanent injunction restraining such breach, and to a decree for specific performance of
the provisions hereof, without being required to show actual damages or to furnish any bond or other security.

 

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8.            Termination. This Agreement shall take effect on the Effective Date and shall continue until the earlier of (a) termination
of this Agreement by Veris upon ten (10) days' notice, regardless of the reason; (b) immediate termination by Veris due to Consultant's
breach of this Agreement; (c) termination by Consultant upon ten (10) days' notice; (d) Midnight October 16, 2022; or (e) death or disability
which prevents Consultant from performing the Consulting Services under this Agreement. Termination under (a), (b) and (c) above must
be made by written notice. Termination shall not affect obligations of either party which have accrued prior to such termination or under
Paragraphs 3, 4, 5, 7, and 9, and all obligations under this Agreement shall be binding upon and enforceable for the benefit of Veris,
Consultant, and their respective successors and assigns to the extent permitted herein. In the event Veris exercises its rights under
Paragraph 8(a), the benefits due pursuant to Paragraph 3 shall immediately vest. In the event Veris exercises its rights under Paragraph
8(b) or Consultant exercises his rights under Paragraph 8(c), the benefits due pursuant to Paragraph 3(a) shall vest on a prorated basis.

 

9.             Indemnification. Veris shall defend, indemnify and hold harmless Consultant from any and all liability, claims, causes
of action, lawsuits or administrative proceedings, of any nature and kind, arising from his performance of the Consulting Services described
in Paragraph 1 above, or such other duties undertaken at the direction of Veris unless such claim or cause of action is the result of
Consultant's gross negligence or misconduct.

 

 10.           Miscellaneous.

 

(a)           If
any provision of this Agreement is held by a court of competent jurisdiction to be illegal, invalid or unenforceable, the remaining provisions
shall remain in full force and effect. If any provision in this Agreement is determined to be unenforceable in equity because of its
scope, duration, geographical area or other factor, then the court making that determination shall have the power to reduce or limit
such scope, duration, area or other factor, and such provision shall be then enforceable in equity in its reduced or limited form.

 

(b)           This Agreement shall be governed by the laws of the State of New Jersey without giving effect to their
choice of law provisions. Consultant hereby consents to, the exclusive jurisdiction and venue in the state or federal courts sitting in
New Jersey, and waives any argument of forum non-conveniens in connection with that venue for purposes
of resolving any disputes regarding the terms of this Agreement.

 

(c)          
If Consultant is a corporation or other legal entity, the individual executing Agreement hereby warrants that he or he is duly
authorized to execute this Agreement on behalf of said corporation or other legal entity and to fully bind said corporation or other legal
entity to all of the terms and conditions set forth above.

 

(d)         
During the Term and upon its termination, Consultant shall
continue to have possession and use of all electronic devices provided to him by the Company. Upon the conclusion of the Term, Consultant
shall make all such devices available to the IT Department for the purpose of removal of all Veris information, data and intellectual
property of any nature and kind, after which the devices will be returned to Consultant.

 

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IN WITNESS WHEREOF,
the parties hereto have executed this Agreement to be effective as of the Effective Date.

 

	CONSULTANT:	 	VERIS RESIDENTIAL,
    INC.
	 
	By:	/s/ Gary T. Wagner	 	By: 	/s/ Mahbod Nia
	 	GARY T. WAGNER	 	 	MAHBOD NIA

 

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