First Amendment to the Amended and Restated Credit Agreement, dated August 23, 2016, by and among the Company, The Bank of New York Mellon, as Administrative Agent, and BMO Capital Markets, as Co-Syndication Agent, and Wells Fargo Bank, N.A., as Co-Syndication Agent, and the Lenders named

THIS FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT  (the "Amendment") is made and entered into as of February ___, 2018, among URSTADT BIDDLE PROPERTIES INC., a Maryland corporation (the "Borrower"), THE BANK OF NEW YORK MELLON, as administrative agent for the Lenders (in such capacity, the "Agent") and the financial institutions listed on the signature pages hereof (who, together with the Agent, in its capacity as a lender, are, collectively, the "Lenders").

A. The Borrowers, the Agent and each of the Lenders entered into that certain Amended and Restated Credit Agreement dated as of August 23, 2016 (the "Credit Agreement"; capitalized terms used in this Amendment which are not otherwise defined herein shall have the meaning ascribed to such terms in the Credit Agreement); and

B. Subject to the terms of this Amendment, the Borrower, the Lenders and the Agent have agreed to amend the Credit Agreement as more particularly hereinafter set forth.

NOW, THEREFORE, for and in consideration of the mutual promises and mutual agreements contained herein, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto do hereby agree as follows:

Neither the Borrower nor any Subsidiary of the Borrower is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any Margin Stock.  No part of the proceeds of the Loans or the Letters of Credit will be used to purchase or carry Margin Stock or for a purpose which violates any law, rule or regulation of any Governmental Authority, including, without limitation, the provisions of Regulation T, U or X of the Board of Governors of the Federal Reserve System, as amended.  Margin Stock shall at all times constitute less than 25% of the assets of the Borrower and its Subsidiaries.  Borrower shall not request any Loan and Borrower shall not use, and shall ensure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of the Loans (a) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (b) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, to the extent such activities, businesses or transactions would be prohibited by Sanctions if conducted by a corporation incorporated in the United States, or (c)  in any manner that would result in the violation of any Sanctions applicable to any party hereto.

IN WITNESS WHEREOF, the parties hereto have caused their duly authorized officers to execute and deliver this First Amendment to Amended and Restated Credit Agreement as of the date first above written.

URSTADT BIDDLE PROPERTIES INC.

By: /s/ John T. Hayes

John T. Hayes

Senior Vice President and
Chief Financial Officer

THE BANK OF NEW YORK MELLON
as Agent and a Lender

By: /s/ Carol Murray

Print Name: Carol Murray

Title: Managing Director

WELLS FARGO BANK, N. A.

as Co-Syndication Agent and a Lender

By: /s/ Robert E. Deignan

Name: Robert E. Deignan

Title: SVP

BANK OF MONTREAL, CHICAGO

as Co-Syndication Agent and a Lender

By: /s/ Gwendolyn Gatz

Name: Gwendolyn Gatz

Title: Director