Common use of FORM OF NOTICE OF CONVERSION Clause in Contracts

FORM OF NOTICE OF CONVERSION. [Date] The Bank of New York Mellon, as Administrative Agent On▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Agency Function Administration 18▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Attention: ____________ The Bank of New York Mellon, as Administrative Agent On▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Attention: ____________ Reference is made to the Credit Agreement, dated as of September 21, 2012, among URSTADT BI▇▇▇▇ ▇ROPERTIES INC. (the "Borrower"), the Lenders party thereto and THE BANK OF NEW YORK MELLON, as Administrative Agent (as the same may be amended, supplemented or otherwise modified from time to time, the "Agreement"). Capitalized terms used herein that are defined in the Agreement shall have the meanings therein defined.

FORM OF NOTICE OF CONVERSION. [Date] The Bank of New York Mellon, as Administrative Agent OnAgency Administration ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Agency Function Administration 18▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Attention: ____________ The Bank of New York Mellon, as Administrative Agent On▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Attention: ____________ Reference is made to the Amended and Restated Credit Agreement, dated as of September 21March 30, 20122021, among URSTADT BI▇▇▇▇▇▇ ▇ROPERTIES PROPERTIES INC. (the "“Borrower"”), the Lenders party thereto and THE BANK OF NEW YORK MELLON, as Administrative Agent (as the same may be amended, supplemented or otherwise modified from time to time, the "“Agreement"”). Capitalized terms used herein that are defined in the Agreement shall have the meanings therein defined.

FORM OF NOTICE OF CONVERSION. [Date] The Bank of New York Mellon, as Administrative Agent OnAgency Administration ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Agency Function Administration 18▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇New York, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ NY 10286 Attention: ____________ The Bank of New York Mellon, as Administrative Agent On▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇New York, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ NY 10286 Attention: ____________ Reference is made to the Amended and Restated Credit Agreement, dated as of September 21March 30, 20122021, among URSTADT BI▇▇▇▇▇▇ ▇ROPERTIES PROPERTIES INC. (the "“Borrower"”), the Lenders party thereto and THE BANK OF NEW YORK MELLON, as Administrative Agent (as the same may be amended, supplemented or otherwise modified from time to time, the "“Agreement"”). Capitalized terms used herein that are defined in the Agreement shall have the meanings therein defined.