Lisa Palmer

To: Regency Centers Corporation From: Bank of America, N.A. Re: Issuer Share Forward Sale Transactions Date: May 17, 2017 (May 17th, 2017)

The purpose of this communication (this Master Confirmation) is to set forth the terms and conditions of the transactions to be entered into from time to time between Bank of America, N.A. (Dealer) and Regency Centers Corporation (Counterparty) in accordance with the terms of the Equity Distribution Agreement, dated as of May 17, 2017, among Dealer, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Regency Centers, L.P. and Counterparty (the Equity Distribution Agreement) on the Trade Dates specified herein (collectively, the Transactions and each, a Transaction). This communication constitutes a Confirmation as referred to in the Agreement specified below. Each Transaction will be evidenced by a supplemental confirmation (each, a Supplemental Confirmation, and each such Supplemental Confirmation, together with this Master Confirmation, a Confirmation for purposes of the Agreement specified below) substantially in the form of Exhibit A hereto.

Rbc Capital Markets, Llc as Agent for Royal Bank of Canada Brookfield Place (May 17th, 2017)

To: Regency Centers Corporation From: JPMorgan Chase Bank, National Association, London Branch Re: Issuer Share Forward Sale Transactions Date: May 17, 2017 (May 17th, 2017)

The purpose of this communication (this Master Confirmation) is to set forth the terms and conditions of the transactions to be entered into from time to time between JPMorgan Chase Bank, National Association, London Branch (Dealer) and Regency Centers Corporation (Counterparty) in accordance with the terms of the Equity Distribution Agreement, dated as of May 17, 2017, among Dealer, J.P. Morgan Securities LLC, Regency Centers, L.P. and Counterparty (the Equity Distribution Agreement) on the Trade Dates specified herein (collectively, the Transactions and each, a Transaction). This communication constitutes a Confirmation as referred to in the Agreement specified below. Each Transaction will be evidenced by a supplemental confirmation (each, a Supplemental Confirmation, and each such Supplemental Confirmation, together with this Master Confirmation, a Confirmation for purposes of the Agreement specified below) substantially in the form of Exhibit A hereto.

To: Regency Centers Corporation From: Wells Fargo Bank, National Association Re: Issuer Share Forward Sale Transactions Date: May 17, 2017 (May 17th, 2017)

The purpose of this communication (this Master Confirmation) is to set forth the terms and conditions of the transactions to be entered into from time to time between Wells Fargo Bank, National Association (Dealer) and Regency Centers Corporation (Counterparty) in accordance with the terms of the Equity Distribution Agreement, dated as of May 17, 2017, among Dealer, Wells Fargo Securities, LLC, Regency Centers, L.P. and Counterparty (the Equity Distribution Agreement) on the Trade Dates specified herein (collectively, the Transactions and each, a Transaction). This communication constitutes a Confirmation as referred to in the Agreement specified below. Each Transaction will be evidenced by a supplemental confirmation (each, a Supplemental Confirmation, and each such Supplemental Confirmation, together with this Master Confirmation, a Confirmation for purposes of the Agreement specified below) substantially in the form of Exhibit A hereto.

To: Regency Centers Corporation (March 21st, 2016)

Regency Centers Corporation 3,100,000 Shares of Common Stock Underwriting Agreement (March 21st, 2016)

Regency Centers Lp – 2015 Amended and Restated Severance and Change of Control Agreement (July 20th, 2015)

THIS AGREEMENT, effective as of the 15th day of July, 2015, is by and between REGENCY CENTERS CORPORATION, a Florida corporation (the Company), Regency Centers, L.P., a Delaware limited partnership (the Partnership), and LISA PALMER (the Employee).

Regency Centers Lp – Regency Centers Corporation Amendment No. 2 to the Equity Distribution Agreement (March 4th, 2014)

2014 Amended and Restated Severance and Change of Control Agreement (December 24th, 2013)

THIS AGREEMENT, effective as of the 1st day of January, 2014, is by and between REGENCY CENTERS CORPORATION, a Florida corporation (the "Company") and LISA PALMER (the "Employee").

2013 Amended and Restated Severance and Change of Control Agreement (May 14th, 2013)

THIS AGREEMENT, effective as of the 1st day of January, 2013, is by and between REGENCY CENTERS CORPORATION, a Florida corporation (the "Company") and LISA PALMER (the "Employee").

SECOND AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT of Macquarie CountryWide-Regency II, LLC, a Delaware Limited Liability Company Among Global Retail Investors, LLC, a Delaware Limited Liability Company Macquarie CountryWide (US) No. 2 LLC, a Delaware Limited Liability Company and Regency Centers, L.P., a Delaware Limited Partnership DATED: As of July 31, 2009 (November 6th, 2009)

Limited Partnership Agreement (February 27th, 2007)

THIS LIMITED PARTNERSHIP AGREEMENT OF RRP OPERATING, LP (this Agreement) is entered into and shall be effective as of December , 2006, by and among those Persons who have executed this Agreement or a counterpart hereof, or who become parties hereto pursuant to the terms of this Agreement.

PURCHASE AGREEMENT AND AMENDMENT TO AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT Relating to Macquarie CountryWide-Regency II, LLC, a Delaware Limited Liability Company Among Macquarie-Regency Management, LLC, a Delaware Limited Liability Company Macquarie CountryWide (US) No. 2 LLC, a Delaware Limited Liability Company and Regency Centers, L.P., a Delaware Limited Partnership DATED: January 13, 2006 (May 8th, 2006)

THIS PURCHASE AGREEMENT AND AMENDMENT TO AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT is made as of January 13, 2006 (this Agreement), by and among MACQUARIE COUNTRYWIDE (US) NO. 2 LLC, a Delaware limited liability company (MCW LLC), REGENCY CENTERS, L.P., a Delaware limited partnership (Regency), and MACQUARIE-REGENCY MANAGEMENT, LLC, a Delaware limited liability company (U.S. Manager and together with Regency and MCW LLC, the Members and each individually, a Member).

AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT of Macquarie CountryWide-Regency II, LLC, a Delaware Limited Liability Company Among Macquarie-Regency Management, LLC, a Delaware Limited Liability Company Macquarie CountryWide (US) No. 2 LLC, a Delaware Limited Liability Company and Regency Centers, L.P., a Delaware Limited Partnership DATED: June 1, 2005 (August 8th, 2005)

THIS AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT is dated as of June 1, 2005 (Agreement), by and among MACQUARIE COUNTRYWIDE (US) NO. 2 LLC, a Delaware limited liability company, as a Member (MCW LLC), REGENCY CENTERS, L.P., a Delaware limited partnership (Regency), as a Member, and MACQUARIE-REGENCY MANAGEMENT, LLC, a Delaware limited liability company, as a Member (U.S. Manager and together with Regency and MCW LLC, the Members and each individually, a Member), MACQUARIE COUNTRYWIDE (US) NO. 2 CORPORATION, a Maryland corporation (U.S. REIT), and MACQUARIE COUNTRYWIDE MANAGEMENT LIMITED (ACN 069 709 468), an Australian corporation (MCML), as the responsible entity of Macquarie CountryWide Trust (ARSN 093 143 965), an Australian listed property trust (MCW).

Contract (November 17th, 2004)

AMENDMENT TO ARTICLES OF INCORPORATION OF REGENCY CENTERS CORPORATION AMENDING THE PREFERENCES, RIGHTS AND LIMITATIONS OF 500,000 SHARES OF SERIES D CUMULATIVE REDEEMABLE PREFERRED STOCK Pursuant to Section 607.1006 of the Florida Business Corporation Act ("FBCA"), Regency Centers Corporation, a Florida corporation formerly known as Regency Realty Corporation ( the "Corporation"), does hereby certify that: WHEREAS, the Board of Directors of the Corporation designated 500,000 shares of its authorized but unissued Preferred Stock, par value $.01 per share, as its 9.125% Series D Cumulative Redeemable Preferred Stock (the "Series D Preferred Stock") pursuant to Articles of Amendment adopted in accordance with Section 607.0602 of the FBCA, filed with the Florida Department of State on October 1, 1999 (the "Designation"); WHEREAS, the Corporatio

Contract (November 17th, 2004)

RESTATED ARTICLES OF INCORPORATION OF REGENCY REALTY CORPORATION This corporation was incorporated on July 8, 1993, effective July 9, 1993, under the name Regency Realty Corporation. Pursuant to Sections 607.1002 and 607.1007, Florida Business Corporation Act, amended and restated Articles of Incorporation were approved at a meeting of the directors of this corporation on October 28, 1996. The Restated Articles of Incorporation adopted by the directors incorporate previously filed amendments and omit items of historical interest only. Accordingly, shareholder approval was not required. ARTICLE 1 NAME AND ADDRESS Section 1.1 Name. The name of the corporation is Regency Realty Corporation (the "Corporation"). Section 1.2 Address of Principal Office. The address of the principal office of the Corporation is 121 West Fors