CONTRIBUTION AND SALE AGREEMENT

Section 1.

Properties to be Contributed and Sold

Section 2.

Objections to Title

Section 3.

Contribution Consideration and Sales Consideration

Section 4.

The Closing

Section 5.

Representations and Warranties

Section 6.

Acknowledgments of the Company

Section 7.

Owner’s Obligations as to the Properties

Section 8.

Dropped Properties; Substitute Properties

Section 9.

Destruction, Damage or Condemnation

Section 10.

Additional Covenants of Owner; Tax Protection

Section 11.

Conditions Precedent to Closing

Section 12.

Owner’s Closing Obligations

Section 13.

The Company’s Closing Obligations

Section 14.

Apportionments; Closing Costs; Certiorari

Section 15.

Failure of Owner or the Company to Perform; Substitution Right

Section 16.

Broker

Section 17.

Notices

Section 18.

Miscellaneous Provisions

Section 19.

Press Release

Section 20.

1031 Exchange

Section 21.

Entity Transfers.

Exhibits

Exhibit A

Subsidiaries

Exhibit B-1

Contributed Properties and Contribution Consideration

Exhibit B-2

Sale Properties and Sale Price

Exhibit C

Form of LLC Agreement

Exhibit D

Form of Services Agreement

Exhibit E

[Reserved]

Exhibit F

[Reserved]

Exhibit G-1

Form of Advisory Agreement

Exhibit G-2

Form of LPT/New Plan/Galileo Advisor Letter Agreement

Exhibit G-3

Form of A-LPT/REIT Letter Agreement

Exhibit G-4

Form of GFML/Galileo Advisor/New Plan Letter Agreement

Exhibit G-5

Form of Neil Werrett Letter Agreement

Exhibit G-6

Form of Company/REIT/New Plan Letter Agreement

Exhibit G-7

Form of Company/REIT/NXL/New Plan Letter Agreement

Exhibit H

Form of Press Releases

Exhibit I-1

Form of Master Lease Amendment (Waterford Commons)

Exhibit I-2

Form of Master Lease Amendment (Waterford Commons/Babies R Us)

Exhibit I-3

Form of Master Lease Amendment (Garden City Expansion)

Exhibit I-4

Form of Master Lease Amendment (Charter Oak)

Exhibit I-5

Form of Master Lease Amendment (Springdale Mall)

Exhibit J

Form of Termination and Release (Wilkes-Barre Master Lease)

Exhibit K

Form of Termination and Release (Existing Management Agreements)

Schedules

Schedule 1.01(c)

Properties to be Sold to REIT

Schedule 1.03

Review Materials

Schedule 2.01(a)

Pro Forma Policies & List of Additional Permitted Exceptions

Schedule 5.01(f)-1

Rent Rolls

Schedule 5.01(f)-2

Material Defaults; Additional Rent

Schedule 5.01(g)

Major Tenant Documents; Notices of Defaults under Major Tenant Documents

Schedule 5.01(h)

Ground Leases

Schedule 5.01(i)

REAs; Notices of Defaults under REAs

Schedule 5.01(k)-1

Brokerage Agreements; Outstanding Leasing Commissions Payable after Closing

Schedule 5.01(k)-2

Other Leasing Commissions

Schedule 5.01(l)

Material Service Contracts

Schedule 5.01(m)

Management Agreements

Schedule 5.01(n)

Outstanding Tenant Improvement Obligations, Tenant Improvement Allowances, etc.

Schedule 5.01(o)

Current Capital Improvement Projects; Structural Damage; Pending or Threatened Condemnations; Options and Other Preemptive Rights

Schedule 5.01(q)

Existing Environmental Insurance Policies; Environmental Matters

Schedule 5.01(r)

List of Insurance Policies

Schedule 5.01(u)

Litigation

Schedule 5.01(v)

Governmental Violations

Schedule 5.01(w)

Employment Violations

Schedule 5.01(x)

Infringement of Intellectual Property Rights

Schedule 5.01(z)

Tax Reduction Proceedings

Schedule 5.03(i)

Additional Liabilities

Schedule 5.03(n)

Existing Galileo Properties

Schedule 5.04(d)

Missing Documents

Schedule 7.01

Additional Costs and Expenses to be Paid by Owner

Schedule 7.08

Required Owner Consents

Schedule 10.02

Required Company Consents

Schedule 10.05

Methodology for Calculation of Contingent Deferred Consideration

Schedule 21.01

Entity Transfer Properties