SEC Contract Filing

Filing Date: 2021-10-22

Document Content:
<DOCUMENT>
<TYPE>EX-10.18
<SEQUENCE>18
<FILENAME>tm2130475d4_ex10-18.htm
<DESCRIPTION>EXHIBIT 10.18
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.18</B></P>

<P STYLE="margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INDEMNIFICATION AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>THIS INDEMNIFICATION AGREEMENT</B>
(this &#8220;Agreement&#8221;) is entered into as of October 22, 2021, by and among Kite Realty Group Trust, a Maryland real estate investment
trust (the &#8220;Company&#8221;), Kite Realty Group, L.P., a Delaware limited partnership (the &#8220;Operating Partnership&#8221; and
together with the Company, the &#8220;Indemnitors&#8221;), and Steven P. Grimes (the &#8220;Indemnitee&#8221;). This Agreement shall be
effective for all purposes as of October 22, 2021, the date on which the Indemnitee was elected a member of the Board of Trustees of the
Company,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the Indemnitee
is an officer or a member of the Board of Trustees of the Company and in such capacity is performing a valuable service for the Company
and the Operating Partnership;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, Maryland law
permits the Company to enter into contracts with its officers or members of its Board of Trustees with respect to indemnification of,
and advancement of expenses to, such persons;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS,</B> the Declaration
of Trust of the Company (the &#8220;Declaration of Trust&#8221;) authorizes the Company to indemnify and advance expenses to its officers
and trustees to the maximum extent permitted by Maryland law in effect from time to time;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the Amended
and Restated Bylaws of the Company, as amended (the &#8220;Bylaws&#8221;) provide that each officer and trustee of the Company shall be
indemnified by the Company to the maximum extent permitted by Maryland law in effect from time to time and shall be entitled to advancement
of expenses consistent with Maryland law;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the Company
is the general partner of, and conducts substantially all of its business through, the Operating Partnership;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS,</B> the Amended
and Restated Partnership Agreement of the Operating Partnership (the &#8220;Partnership Agreement&#8221;) provides for indemnification
and advancement of expenses to the Company and its officers and trustees consistent with the applicable provisions of Maryland law, subject
to the same limitations on indemnity and advancement of expenses that apply under Maryland law to indemnity and advancement of expenses
by the Company of its officers and trustees;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, to induce
the Indemnitee to provide services to the Company as an officer or a member of the Board of Trustees, and to provide the Indemnitee with
specific contractual assurance that indemnification will be available to the Indemnitee regardless of, among other things, any amendment
to or revocation of the Declaration of Trust, the Bylaws or the Partnership Agreement, or any acquisition transaction relating to the
Company, the Indemnitors desire to provide the Indemnitee with protection against personal liability as set forth herein;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE</B>, in
consideration of the premises and the covenants contained herein, the Indemnitors and the Indemnitee hereby agree as follows:</P>

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 <TD STYLE="text-align: justify; width: 0.5in">1.</TD>
 <TD STYLE="text-align: justify"><B>DEFINITIONS</B>.</TD></TR>
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