LaSalle Investment Management Long-Term Incentive Compensation Plan (As Amended and Restated and Effective as of January 1, 2013)

The Plan will be funded each calendar year by the sum of 15% of the gross incentive fees earned by LaSalle, plus 5% of LaSalle’s global pre-bonus EBITDA (net of incentive fees), both from the prior year (the “Annual Pool”). The Annual Pool, as funded by the global pre-bonus EBITDA, will be reduced to the extent necessary to ensure that the ratio of LaSalle’s total compensation to total revenue does not exceed 60% for any given year. This ratio will be calculated using the gross LTIP award in the year earned and not the GAAP amortization expense reflected in LaSalle’s financial statements.

 The balance of the points (“Annual Points”) may be allocated on an annual basis to:

1. employees of LaSalle who are not Senior Participants whose contributions during any given year rise to the level deserving of an award as determined by the LaSalle COO;

2. current employees who are selected to become Senior Participants given the strength of their contributions to the growth of LaSalle;

3. new hires who become Senior Participants; or

4. increase point allocations to one or more individuals who are Senior Participants, as appropriate, based on the value of the ongoing contribution made by the respective individuals.

Awards will be determined on a calendar year basis, according to (i) the delivery of superior investment performance and excellence in client service; (ii) improvement of LaSalle’s margin, profits, and/or productivity; (iii) long-term potential for advancing LaSalle business strategy; and (iv) relevant market factors. Each Participant will receive an Award for a specified number of points.

Awards may be made in a combination of cash (“Cash Awards”) and restricted stock units (“RSU Awards”), as may be determined by the Compensation Committee of the Board of Directors of the Company (the “Committee”) each year. The Committee reserves the right to pay less than 50% in RSU Awards provided that not more than 50% will be paid in RSU Awards. RSU Awards will otherwise be subject to the terms of the Company’s Stock Award and Incentive Plan, as amended from time to time (the “SAIP”) and the terms set forth in their relevant award agreements.

Participants must be employed by LaSalle or the Company to receive an Award, as well as payment for any unvested Cash Awards or RSU Awards, subject to the provisions below and the terms of the SAIP. Cash Awards and RSU Awards will vest in four equal annual installments starting on the one-year anniversary from the date of the Award.

The Board of Directors may, in its discretion, grant dividend equivalents to employees who were granted RSU Awards. Dividend equivalents are the right to receive cash, common stock, or other property equal in value to the amount of dividends paid with respect to the Company’s common stock. RSU Awards do not otherwise have voting rights or a legal right to receive dividends until vested.

Except as set forth below under “Voluntary Termination due to ‘Rule of 65’ Retirement”, “Involuntary Termination due to Death/Disability”, or “Involuntary Termination Without Cause,” Participants forfeit unvested Cash Awards and RSU Awards if they voluntarily terminate employment with LaSalle or the Company, or are terminated by LaSalle or the Company for Cause. For purposes of the Plan, “Cause” means failure to perform the Participant’s job responsibilities in good faith, documented poor performance, falsification of LaSalle or Company records, theft, failure to cooperate with an investigation, conviction of any crime against LaSalle or the Company, any of LaSalle’s or the Company’s subsidiaries or any of their employees, or a documented violation of the Company’s Code of Business Ethics. Participants do not retain any residual rights to receive new Awards beyond the date of their retirement, death or disability.

Involuntary termination by LaSalle or the Company without Cause will not impact vesting and any unvested Points will continue to vest in accordance with the terms hereof.

All unvested Cash Awards and RSU Awards become 100% vested when an employee terminates employment when any of the following conditions have been met: (i) being at least 55 years old and having any combination of age plus years of service to the Company and its affiliates equal to at least 65, or (ii) having reached the statutory retirement age as defined within the country of the employee’s residence or citizenship, as applicable. In addition, as stipulated in the SAIP, the Company may in its discretion impose on a retired employee additional conditions regarding non-competition and non-solicitation of clients and employees in order for the retired employee to realize such benefits.

All unvested cash and RSUs become 100% vested when an employee terminates employment as a result of death or total disability, with distributions made on or about the time that the next quarterly installment vests.

On or before December 31 each year, the Company establishes the total value of forfeited and non-reallocated LaSalle LTIP Awards for all Participants that terminated employment during the current calendar year by (a) multiplying the higher of the grant date price or current value of one share of Company common stock by the total number of RSU Awards forfeited during the year, and (b) adding the total value of cash awards forfeited during the year. The value of forfeited awards will not be reallocated to Participants and will instead be returned to the Company.

Any unallocated points for the current calendar year that remain at that year may be allocated on a discretionary basis to reward current employees who may have previously been selected to participate in the Plan or to new Participants, as recommended by the LaSalle COO and approved by the Company CEO. Forfeited points that were assigned to Senior Participants or Annual Participants during the year may also be reallocated to other employees, as recommended by the LaSalle COO and approved by the Company CEO. Forfeited Points from prior years cannot be reallocated, but will instead be used as indicated in the first paragraph of this section.