0001047469-06-003063 Sample Contracts

SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • March 8th, 2006 • Simon Property Group Inc /De/ • Real estate investment trusts • New Jersey

SECOND AMENDMENT, dated as of January 1, 2006, (this "Second Amendment") to the Employment Agreement (the "Employment Agreement"), between David C. Bloom (the "Executive") and Chelsea Property Group, Inc., a Maryland corporation (the "Company"), dated as of June 20, 2004 and the First Amendment to the Employment Agreement (the "First Amendment"), between the Executive and the Company dated as of November 1, 2004.

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FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • March 8th, 2006 • Simon Property Group Inc /De/ • Real estate investment trusts • New Jersey

FIRST AMENDMENT, dated as of November 1, 2004 (this "First Amendment") to the Employment Agreement (the "Employment Agreement") between David C. Bloom (the "Executive") and Chelsea Property Group, Inc., a Maryland corporation (the "Company") dated as of June 20, 2004. This First Amendment to the Employment Agreement becomes effective immediately and will govern the terms of the Executive's employment as of the Effective Date of the Merger Agreement.

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