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PROMISSORY NOTE
March 12,
2009
$
12,910,386.14
FOR VALUE
RECEIVED, WEINGARTEN REALTY INVESTORS , a real estate investment trust organized under
the laws of the State of Texas and having its principal office and
place of business in Houston, Texas (the "Maker") HEREBY PROMISES
TO PAY to the order of RELIANCE TRUST COMPANY , Trustee of
the TRUST UNDER THE WEINGARTEN REALTY INVESTORS DEFERRED
COMPENSATION PLAN, SUPPLEMENTAL EXECUTIVE RETIREMENT
PLAN AND RETIREMENT BENEFIT RESTORATION PLAN (the "Holder"),
the principal sum of TWELVE MILLION NINE HUNDRED TEN THOUSAND
THREE HUNDRED EIGHTY-SIX AND 14/100 DOLLARS ($12,910,386.14),
with interest on the outstanding principal balance hereof at the
rate of seven and five one-hundredths percent (7.5%) per annum, as
set forth below.
The entire
principal unpaid balance of this Note shall be due and payable one
(1) year from the date of this Note.
Interest on the
principal balance of this Note shall accrue from the date hereof
until this Note is paid in full. Interest shall be payable annually
on each anniversary of this Note. &nb
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