0001496048-16-000048 Sample Contracts

General Growth Properties, Inc. 2010 Equity Incentive Plan FULL VALUE LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • February 19th, 2016 • General Growth Properties, Inc. • Real estate investment trusts • Delaware

THIS FULL VALUE LTIP UNIT (“FV LTIP Units”) AWARD AGREEMENT (this “Award Agreement”) is made effective as of [ ] (the “Effective Date”), between General Growth Properties, Inc., a Delaware corporation (the “Company”), GGP Operating Partnership, LP a Delaware limited partnership (the “Partnership”), and [ ] (the “Participant”).

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General Growth Properties, Inc. 2010 Equity Incentive Plan APPRECIATION ONLY LTIP UNIT AWARD AGREEMENT
Award Agreement • February 19th, 2016 • General Growth Properties, Inc. • Real estate investment trusts • Delaware

to him or her of LTIP Units, the potential conversion of LTIP Units into common units of the Partnership (“Common Units”) and the potential redemption of such Common Units for shares of common stock of the Company (“Shares”), has such knowledge, sophistication and experience in financial and business matters and in making investment decisions of this type that the Participant (I) is capable of evaluating the merits and risks of an investment in the Partnership and potential investment in the Company and of making an informed investment decision, (II) is capable of protecting his or her own interest or has engaged representatives or advisors to assist him or her in protecting his or her its interests, and (III) is capable of bearing the economic risk of such investment.

General Growth Properties, Inc. 2010 Equity Incentive Plan FULL VALUE LTIP UNIT AWARD AGREEMENT
Award Agreement • February 19th, 2016 • General Growth Properties, Inc. • Real estate investment trusts • Delaware

making investment decisions of this type that the Participant (I) is capable of evaluating the merits and risks of an investment in the Partnership and potential investment in the Company and of making an informed investment decision, (II) is capable of protecting his or her own interest or has engaged representatives or advisors to assist him or her in protecting his or her its interests, and (III) is capable of bearing the economic risk of such investment.

2016 PERFORMANCE-VESTING UNIT PLAN AWARD AGREEMENT
Award Agreement • February 19th, 2016 • General Growth Properties, Inc. • Real estate investment trusts • Delaware
AWARD AGREEMENT
Award Agreement • February 19th, 2016 • General Growth Properties, Inc. • Real estate investment trusts • Delaware

THIS 2016 PERFORMANCE RESTRICTED STOCK AWARD AGREEMENT (this “Award Agreement”) is made effective as of the Effective Date, between General Growth Properties, Inc., a Delaware corporation (the “Company”) and [ ] (the “Participant”).

SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP
General Growth Properties, Inc. • February 19th, 2016 • Real estate investment trusts

WHEREAS, GGP Operating Partnership, LP, a Delaware limited partnership (the “Partnership”), exists pursuant to that certain Fourth Amended and Restated Agreement of Limited Partnership, dated as of May 1, 2014, as amended (the “Partnership Agreement”), and the Delaware Revised Uniform Limited Partnership Act;

NONQUALIFIED STOCK OPTION AWARD AGREEMENT
Incentive Plan Nonqualified Stock Option Award Agreement • February 19th, 2016 • General Growth Properties, Inc. • Real estate investment trusts • Delaware

THIS NONQUALIFIED STOCK OPTION AWARD AGREEMENT (this “Award Agreement”) is made effective as of the date set forth in the attached summary (the “Date of Grant”), between General Growth Properties, Inc., a Delaware corporation (the “Company”) and you, the undersigned recipient (the “Participant”).

General Growth Properties, Inc. 2010 Equity Incentive Plan RESTRICTED STOCK AWARD AGREEMENT
Restricted Stock Award Agreement • February 19th, 2016 • General Growth Properties, Inc. • Real estate investment trusts • Delaware

THIS RESTRICTED STOCK AWARD AGREEMENT (this “Award Agreement”) is made effective as of the date set forth in the attached summary (the “Date of Grant”), between General Growth Properties, Inc., a Delaware corporation (the “Company”) and you, the undersigned recipient (the “Participant”).

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