Griffin Industrial Realty, Inc. 204 West Newberry Road Bloomfield, CT 06002 (860) 286-7660 (860) 726-9362 (fax)Letter Agreement • February 12th, 2016 • Griffin Industrial Realty, Inc. • Real estate
This letter agreement (the "Letter Agreement") sets forth the understanding by and between you and Griffin Industrial Realty, Inc. (f/k/a Griffin Land & Nurseries, Inc.), a Delaware corporation (the "Company"), regarding the exercise period with respect to your options to purchase an aggregate of 3,730 shares of the Company's common stock, par value $0.001 per share (such options, the "Options") pursuant to the 2009 Stock Option Plan, as amended (the "Stock Option Plan"), and those certain Non-Qualified Stock Option Agreements by and between the Company and you, dated as of November 13, 2012 and May 14, 2013 (the "Stock Option Agreements") following your Termination of Directorship (as defined in the applicable Stock Option Agreement) on May 12, 2015. For the avoidance of doubt, this Letter Agreement does not apply to your option granted pursuant to that certain Non-Qualified Stock Option Agreement by and between the Company and you, dated as of May 13, 2014. Capitalized terms not defi
