0000903423-11-000463 Sample Contracts

Contract
Stockholder Protection Rights Agreement • September 19th, 2011 • Vornado Realty Trust • Real estate investment trusts • New York

This letter constitutes the agreement (this “Agreement”) between J. C. Penney Company, Inc. (the “Company”), on the one hand, and Vornado Realty Trust and its controlled affiliates (collectively, the “Stockholders”), on the other hand, with respect to the matters set forth below.

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