Document:

Exhibit 10.1

Exhibit 10.1

CONSULTING AGREEMENT

     THIS CONSULTING AGREEMENT (“Agreement”), dated as of June 10, 2011 (the “Effective
Date”), between GRUBB & ELLIS COMPANY, a Delaware corporation (“Company”), and Mathieu
Streiff, a resident of the State of California (“Consultant”).

WITNESSETH

     WHEREAS, Company desires to engage Consultant to render consulting services to
assist the Company in connection with the Company’s sale of Daymark Realty Advisors (the
“Services”); and

     WHEREAS, Consultant desires to accept such engagement upon the terms and
conditions set forth in this Agreement.

NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good
and valuable consideration, the receipt and adequacy of which hereby are acknowledged,
the parties agree as follows:

AGREEMENT

1. Engagement. Company hereby engages Consultant to perform, and Consultant
hereby agrees to perform, the Services for the Company, on the terms and conditions
provided in this Agreement. The Services shall be performed solely by Consultant as an
independent contractor and the parties acknowledge that no employer-employee
relationship exists or shall exist between Company and Consultant. The Services shall
not be performed by any party other than Consultant without the prior written consent of
Company. Consultant shall not be deemed to be guaranteeing any result from the
performance of his duties, nor shall Consultant be deemed to be guaranteeing the
performance by any third party of any obligation of such third party to Company.
Consultant shall not be obligated to perform any services under this Agreement unless
specifically requested to do so.

2. Term. The term of this Agreement (the “Term”) shall commence as of the
Effective Date and shall continue in perpetuity until the close of the Daymark Sale (as
defined below) unless earlier terminated by either party by written notice. Either party
shall have the right to terminate this Agreement with or without cause at any time. Upon
termination, all rights and obligations hereunder shall expire and terminate as of the
date of termination, other than the terms that are explicitly set forth in this
Agreement to survive termination. Upon any termination, Consultant shall provide a final
invoice with all earned and unpaid Fees.

3. Consulting Services: Not Legal Services. Consultant shall provide the
Services to the Company as requested. In this regard, Michael Rispoli (or his successor
in such capacity) shall be the primary point of contact for business direction. The
services provided by Consultant shall not constitute legal advice or legal services of
any kind and Consultant shall

 

 

not be acting as a legal representative of the Company. If Consultant is required to travel to
provide the consulting services, Consultant shall do so upon reasonable notice from the Company, at
reasonable intervals and for reasonable durations and in accordance with the Company’s travel
policies. The Company shall reimburse Consultant for all reasonable out-of-pocket expenses incurred
by Consultant in his performance of the Services (other than expenses for office space, secretarial
or other administrative services) in accordance with the Company’s expense account procedures,
including travel expenses.

4. Consulting Fees. The Company will pay to Consultant the following fees
(collectively, the “Consulting Fees”):

     (a) Consultant shall be paid a monthly retention fee of Ten Thousand Dollars ($10,000) per
month, earned and payable upon the first day of each month during the Term (the “Monthly Advance”),
as an advance against an hourly fee of Three Hundred Dollars ($300) per hour for time spent by
Consultant providing Services under this Agreement (the “Hourly Fees”). The Monthly Advance for the
month of June will be pro-rated and paid within two (2) days of execution of this Agreement without
the need of submission of an invoice by Consultant. Consultant shall submit invoices no more
frequently than bi-weekly and will provide reasonably detailed summaries of the time allocated to
the provision of Services. To the extent the Hourly Fees for any month exceeds such month’s Monthly
Advance (the “Additional Monthly Fees”), the Company shall pay such Additional Monthly Fees in
accordance with the provisions of this Section 4. To the extent the Hourly Fees in any month do not
exceed such month’s Monthly Advance, such month’s Monthly Advance shall be deemed earned in full
and no refund or other credit against future Fees earned under this Agreement shall apply; and

     (b) An incentive fee equal to Two Hundred Thousand Dollars ($200,000) (the “Incentive Fee”)
payable immediately by check or wire transfer (at Consultant’s option) upon the closing of a
Daymark Sale provided that (i) this Agreement is in effect, or (ii) this Agreement has been
terminated prior thereto by Company other than for “Cause” (as defined below). Accordingly, the
Incentive Fee shall be paid to Consultant immediately by check or wire transfer (at Consultant’s
option) upon the closing of a Daymark Sale in the event a definitive agreement has been signed for
a Daymark Sale prior to Consultant’s termination by the Company other than for “Cause”. In
addition, the Incentive Fee shall be paid to Consultant immediately by check or wire transfer (at
Consultant’s option) upon the closing of a Daymark Sale in the event a definitive agreement for a
Daymark Sale is signed within the forty-five (45) day period after Consultant’s termination by the
Company other than for “Cause”. For the avoidance of doubt, in all instances, the Incentive Fee
will only be paid in the event a Daymark Sale closes.

All Fees and reimbursements owed under this Agreement shall be paid within seven (7) days of
Company’s receipt of Consultant’s invoice. All amounts not paid by the Company when due under this
Agreement shall accrue interest at 1.5% per month (18% annually) until paid. This Section 4 shall
survive termination of this Agreement.

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5. Defined Terms. For purposes of this Agreement:

     (a) “Daymark Sale” shall mean the Company, Daymark Realty Advisors, Inc. (“Daymark”) and/or
NNN Realty Advisors, Inc. (“NNNRA”) closing any of the following transactions:

          (i) the acquisition by any person, entity or group, along with any affiliate of any such
person, entity or group, of beneficial ownership of 50% or more of the voting stock of Daymark,
NNNRA, Grubb & Ellis Realty Investors, LLC or Triple Net Properties Realty, Inc. (collectively, the
“Daymark Entities”); or

          (ii) a merger or consolidation of one or more Daymark Entities with one or more entities
as a result of which the holders of the outstanding voting stock of such Daymark Entity(ies)
entitled to vote immediately prior to such merger or consolidation directly or indirectly hold less
than 50% of the voting stock of the surviving or resulting corporation or entity; or

          (iii) a transfer of, or commitment to transfer, all or substantially all of the property
or assets of one or more Daymark Entities in one transaction or a series of related transactions to
a person, entity or group, along with any affiliate of any such person, entity or group.

     (b) “Cause” shall mean:

          (i) Consultant’s failure to perform his assigned duties or responsibilities with reasonable
care or diligence; provided, however, that Company shall provide written notice of any such
failure to Consultant and provide seven (7) days to cure such failure; or

          (ii) the commission of fraud or willful misconduct by Consultant in connection
with the provision of services under this Agreement.

6. Status and Obligations of Consultant. The parties acknowledge and agree that Consultant
is rendering services under this Agreement in the capacity as an independent contractor and shall
be free to exercise his discretion and judgment as to the methods and means of performing the
Services performed hereunder. The parties further acknowledge and agree that Consultant is not an
employee of the Company, Daymark or any of their respective affiliates and will not by virtue of
this Agreement be treated as an employee of the Company, Daymark or any of their respective
Affiliates for any purpose. Consultant shall be solely responsible for the payment of any and all
of his required contributions and/or taxes, including without limitation: federal, state and/or
local income taxes and withholding; workers’ compensation insurance; unemployment contribution
insurance; and social security taxes. Consultant represents that he is complying and will continue
to comply with all federal, state and local requirements regarding employment taxes and income
taxes and will indemnify and hold Company harmless from any action by any government entity arising
out of his failure to perform any such responsibilities. The Company will provide Consultant

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with a Form 1099 as required by law. Consultant shall (i) comply with all applicable federal,
state, and local laws and regulations that relate to the performance of Consultant’s duties as a
consultant, and (ii) conduct himself in an ethical manner at all times. This Section 6 shall
survive termination of this Agreement.

7. Confidential Information. Consultant acknowledges that during the Term, Consultant will
have access to confidential information of the Company, Daymark and their respective business
operations. Consultant agrees to keep all such information strictly confidential and shall not
disclose such information to any third party (except as may be required by law or legal process) or
use such information for any purpose other than for the provision of services hereunder. Upon
completion of Consultant’s services hereunder, or the termination or expiration of this Agreement,
Consultant shall return to Company all Confidential Information, data and materials provided to
Consultant by Company, or developed by Consultant as a result of Consultant’s services hereunder,
as requested by Company. This Section 7 shall survive any termination of this Agreement.

8. No Restriction on Other Activities by Consultant. During the Term of this Agreement, it
is understood by the Company that Consultant may be engaged in other consulting assignments,
actively searching for other employment, or pursuing other business opportunities. Nothing in this
Agreement shall limit or restrict any such activities by Consultant.

9. Indemnification: Limitation of Liability; No Effect on Indemnification Agreement.

     (a) Company agrees to indemnify, defend, and hold Consultant harmless from any and all claims,
damages, losses, liabilities, charges (including attorney’s fees), demands, and causes of action
made or brought against Consultant in connection with this Agreement, the provision by Consultant
of services hereunder, the Daymark Sale or any other transaction related thereto, unless such claim
is found by a court or arbitrator to have resulted solely and directly from the fraud or willful
misconduct of Consultant. The foregoing shall include reimbursement to Consultant of out of pocket
costs and payment to Consultant of Hourly Fees for time spent in the event Consultant is requested
or required to testify, provide a deposition or provide any other form of interview or dedicate any
portion of time to a legal matter or proceeding relating to the services provided under this
Agreement or the Daymark Sale process.

     (b) Upon ay breach of this Agreement by Consultant, Company’s sole remedy shall be to
terminate this Agreement. Except as otherwise provided in Section 9(a) above, Company disclaims and
waives any and all right to assert any claims, losses, damages or causes of action against
Consultant in connection with this Agreement.

     (c) Nothing in this Agreement is intended to or should be construed to limit, modify or alter
the terms of that certain Indemnification Agreement dated as of March 14, 2011 by and between the
Company and Consultant or otherwise limit, modify or alter the indemnification, hold harmless and
similar rights Consultant may have in connection with his period of employment with the Company
prior top the Effective Date.

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This Section 9 shall survive termination of this Agreement.

10. No Rights to Benefits. Consultant expressly acknowledges and agrees that he has no
right to receive any rights, privileges or benefits whatsoever under any employee benefit plan,
policy or program of the Company which the Company otherwise makes available to its employees.

11. No Agency. Nothing contained in this Agreement shall be construed as creating an agency
relationship between the Company and Consultant. Consultant shall not have the right bind the
Company or Daymark make any commitments on behalf of the Company or Daymark.

12.
Successors and Assigns; Restrictions on Assignment. This Agreement shall inure to the benefit
of and shall be binding upon the parties hereto and their respective successors, assigns, heirs,
beneficiaries, estates, executors and personal representatives. However, Consultant shall not be
entitled to assign or delegate any of his rights or obligations hereunder, other than rights to
payment of the Fees, without the prior written consent of the Company.

13. Governing Law: Jurisdiction. This Agreement shall be construed, performed and enforced
in accordance with, and governed by, the laws of State of California, without giving effect to the
principles of conflicts of laws thereof.

14. Severability and Reformation. In the event that any provision of this Agreement or any
word, phrase, clause, sentence or other portion thereof should be held to be unenforceable or
invalid for any reason, Consultant and the Company hereby expressly authorize any appropriate court
or administrative body to modify or delete such provision or portion thereof in such a manner so as
to make this Agreement, as modified, legal and enforceable to the fullest extent permitted under
applicable laws. In the event that any part of this Agreement is declared by any court or other
judicial or administrative body to be null, void or unenforceable, said provisions shall survive to
the extent it is not so declared, and all of the other provisions of this Agreement shall remain in
full force and effect.

15. Notices. All notices, requests, demands and other communications required or permitted
under this Agreement shall be in writing and shall be deemed to have been duly given (i) on the
date of service if served personally on the party to whom notice is to be given; (ii) on the day of
transmission if sent via facsimile transmission to the facsimile number given below if to Company,
and telephonic confirmation of receipt is obtained promptly after completion of transmission; (iii)
on the day after given to UPS or similar overnight courier for overnight delivery; or (iv) on the
fifth day after mailing, if mailed to the party who whom notice is to be given, by first class
mail, registered or certified, postage prepaid. All such notice shall be addressed as follows:

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     If to Consultant:

Mathieu Streiff

488 62nd St

Newport Beach, CA 92663

Tel: 949-650-0934

     If to the Company:

Grubb & Ellis Company

1551 N. Tustin Suite 300

Santa Ana, CA 92705

Tel: 714-667-8252

Attn: Mike Rispoli

     Any party may change that party’s address or telephone numbers for the purpose of this
subsection by giving the other parties written notice of the new address or telephone number in the
manner set forth above.

16. Amendments: Waivers. Except as otherwise expressly provided in this Agreement, this
Agreement may be amended or modified, and any of the terms, covenants, representations, warranties
or conditions hereof may be waived, only by a written instrument executed by the parties hereto, or
in the case of a waiver, by the party waiving compliance. The waiver by any party of any condition
or of the breach of any provision, term, covenant, representation or warranty contained in this
Agreement, in any one or more instances, shall not be deemed to be nor construed as a further or
continuing waiver of any such condition or of the breach of any other provision, term, covenant,
representation or warranty of this Agreement or as a waiver of any other provision of this
Agreement.

17. Entire Agreement. Along with the Separation Agreement and General Release of All Claims
entered into simultaneously herewith by the parties hereto, this Agreement contains the entire
understanding and agreement between the parties hereto with respect to the matters contemplated
herein and supersedes and replaces all prior and contemporaneous agreements and understandings,
oral or written, with regard to such matters.

18. Section Headings. The section headings in this Agreement are inserted solely as a
matter of convenience and for reference and are not a part of this Agreement.

19. Counterparts. This Agreement may be executed in multiple original, facsimile or
electronic counterpart copies, each of which will be considered an original and all of which will
constitute one and the same instrument, binding on all parties hereto, even though all the parties
are not signatory to the same counterpart. Any counterpart of this agreement which has attached to
it separate signature pages, which taken together contain the signature of all parties hereto,
shall for all purposes be deemed a fully executed original.

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20. Understanding. Consultant and the Company agree and acknowledge that they have read and
fully understand the contents and effect of this Agreement, and hereby voluntarily accept all the
terms, provisions, conditions, restrictions, and covenants of this Agreement.

21. Arbitration; Consultant Attorney’s Fees. Any dispute or controversy arising under or in
connection with this Agreement shall be settled exclusively by final and binding arbitration in
Orange County, California in accordance with the rules of the American Arbitration Association then
in effect. Judgment may be entered on the arbitrator’s award in any court having jurisdiction. This
Section 21 shall survive termination of this Agreement. In the event of a dispute between the
parties, the Company shall reimburse Consultant’s legal fees if Consultant is the prevailing party
in such dispute.

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     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed either in an
individual capacity or by their respective representatives thereunder duly authorized, as the case
may be, as of the date first above written.

	 	 	 	 	 

	GRUBB & ELLIS COMPANY	 	 
	 
	 	 	 	 
	By: 

Name:

	 	/s/ Michael J. Rispoli
 

Michael Rispoli
	 	 
	Title:

	 	EVP, CFO	 	 
	Date:   6/10/11	 	 
	 
	 	 	 	 
	MATHIEU STREIFF	 	 
	 
	 	 	 	 
	/s/ Mathieu Streiff	 	 
	 	 	 
	Dale: 6/10/11	 	 

8Exhibit 10.2

Exhibit 10.2

SEPARATION AGREEMENT AND

GENERAL RELEASE OF ALL CLAIMS

This Separation Agreement and General Release of all Claims (“Agreement”) is made by and
between Mathieu B. Streiff (“Employee”) and Grubb & Ellis Company (“Grubb & Ellis” or the
“Company”) (collectively, the “Parties”).

1. Separation From Employment. Notwithstanding Employee’s submission of a resignation
letter to the Company on June 6, 2011, as part of the Company and Employee negotiating the
Consulting Agreement (as defined below), the Company and Employee agree that Employee’s employment
as Executive Vice President, General Counsel and Corporate Secretary of the Company shall be
deemed terminated effective as of June 10, 2011 (the “Termination Date”). As of the Termination
Date, Employee also resigns as an officer and director of all subsidiaries of the Company. The
Company acknowledges that, as of the date Employee signs this Agreement, Employee has not received
Employee’s closing paycheck, including payment for all accrued and unused Paid Time Off (PTO), if
any. Notwithstanding Employee’s resignation, Employee agrees to provide certain consulting
services in accordance with the terms of the Consulting Agreement attached hereto as Exhibit
A (the “Consulting Agreement”).

2. Resolution of Disputes. The Parties have entered into this Agreement as a way of
severing the employment relationship between them and amicably settling any and all potential
claims or disputes (the “Disputes”) concerning Employee’s employment with Grubb & Ellis or
termination of employment from Grubb & Ellis. The Parties desire to resolve the above referenced
Disputes and all issues raised by the Disputes, without the further expenditure of time or the
expense of contested litigation. Additionally, the Parties desire to resolve any known or unknown
claims as more fully set forth below; provided that, notwithstanding the foregoing, Employee
represents and warrants to the Company that there are no third party claims threatened or pending
against the Company of which Employee is aware but of which the Company is unaware. For these
reasons, they have entered into this Agreement.

3. Termination of Employment Benefits. Employee represents, understands and agrees
that Employee’s active employment with Grubb & Ellis ended on the Termination Date as specified
above, that Employee will not otherwise demand further employment with Grubb & Ellis, and that
Employee will no longer be covered by or eligible for any benefits under any Grubb & Ellis employee
benefit plan in which employee currently participates, except as otherwise noted herein.
Employee’s health benefits coverage will continue through June 30, 2011 at which time Employee will
be eligible for continued coverage through the election of COBRA. Employee will receive by
separate cover information regarding Employee’s rights to health insurance continuation under COBRA
and any Grubb & Ellis 401(k) Plan benefits. As of the Termination Date, Employee shall not be
entitled to any of the rights and privileges established for Grubb & Ellis’s employees except as
otherwise provided in this Agreement.

4. Payment. In return for Employee’s execution of and compliance with this Agreement,
including the releases that form a material part of this Agreement, Grubb & Ellis shall provide
Employee with certain separation benefits (see below) to which Employee would not otherwise be
entitled:

a. Grubb & Ellis shall pay Employee $14,746.04 (Forteen Thousand Seven Hundred Fourty-Six
Dollars and Four cents), subject to deductions for state and federal withholding tax, social
security and other employee taxes and payroll deductions. This payment is equivalent to seven (7)
months of
Employee’s monthly benefits premiums including a gross up for taxes. This payment shall be
made within the next pay period after the Effective Date of this Agreement (as defined in paragraph
12). After Grubb & Ellis has completed processing its payroll for this calendar year, Grubb &
Ellis will issue to Employee an IRS Form W-2 which will include the payment.

 

 

 

5. General Release.

(a) Grubb & Ellis Release. In consideration of and in return for the promises and
covenants undertaken in each of this Agreement and in that certain Consulting Agreement of even
date hereof being entered into by and between Grubb & Ellis and Employee, and for other good and
valuable consideration, receipt of which is hereby acknowledged and except as noted below, Employee
does hereby acknowledge full and complete satisfaction of and does hereby unconditionally,
irrevocably and absolutely release, absolve and discharge Grubb & Ellis and each of Grubb & Ellis’s
predecessors, parents, subsidiaries, affiliates, associates, owners, divisions, related companies
and business concerns, past and present, and each of them, as well as each of their partners,
trustees, directors, officers, shareholders, agents, attorneys, servants and employees, past and
present, and each of them (collectively referred to as “Company Releasees”), from any and all
claims, demands, liens, agreements, contracts, covenants, actions, suits, causes of action,
grievances, wages, vacation or PTO payments, severance payments, obligations, commissions, overtime
payments, debts, profit sharing claims, expenses, damages, judgments, orders and liabilities of
whatever kind or nature in state or federal law, equity or otherwise, whether known or unknown to
Employee (collectively, the “Employee Claims”), which Employee now owns or holds or has at any time
owned or held as against Company Releasees, or any of them, including specifically but not
exclusively and without limiting the generality of the foregoing, any and all Employee Claims known
or unknown, suspected or unsuspected: (1) arising out of Employee’s employment with Grubb & Ellis
or termination of that employment; or (2) arising out of or in any way connected with any claim,
loss, damage or injury whatsoever, known or unknown, suspected or unsuspected, resulting from any
act or omission by or on the part of Company Releasees, or any of them, committed or omitted on or
before the date this Agreement is executed by Employee. Also, without limiting the generality of
the foregoing, Employee specifically releases Company Releasees from any claim for attorneys’ fees.
EMPLOYEE ALSO SPECIFICALLY AGREES AND ACKNOWLEDGES EMPLOYEE IS WAIVING ANY RIGHT TO RECOVERY BASED
ON STATE OR FEDERAL AGE, SEX, PREGNANCY, RACE, COLOR, NATIONAL ORIGIN, MARITAL STATUS, RELIGION,
VETERAN STATUS, DISABILITY, SEXUAL ORIENTATION, MEDICAL CONDITION OR OTHER ANTI-DISCRIMINATION
LAWS, INCLUDING, WITHOUT LIMITATION, TITLE VII OF THE CIVIL RIGHTS ACT OF 1964, THE AGE
DISCRIMINATION IN EMPLOYMENT ACT, THE EQUAL PAY ACT, THE AMERICANS WITH DISABILITIES ACT, THE
EMPLOYEE RETIREMENT INCOME SECURITY ACT, THE WORKER ADJUSTMENT RETRAINING AND NOTIFICATION ACT, THE
CALIFORNIA FAIR EMPLOYMENT AND HOUSING ACT, THE CALIFORNIA FAMILY RIGHTS ACT, THE CALIFORNIA LABOR
CODE, AND ALL OTHER STATE LAWS, ALL AS AMENDED, WHETHER SUCH CLAIM BE BASED UPON AN ACTION FILED BY
EMPLOYEE OR BY A GOVERNMENTAL AGENCY. Employee acknowledges and agrees that Employee has been
properly paid for all hours worked, that Employee has not suffered any on-the job injury for which
Employee has not already filed a claim, that Employee has been properly provided any leave of
absence because of Employee’s, or a family member’s, serious health condition, and that Employee
has not been subjected to any improper treatment, conduct or actions due to or related to
Employee’s request, if any, or Employee’s taking of, any leave of absence because of Employee’s
own, or a family member’s serious health condition.

 

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The foregoing release does not apply to any claim that, as a matter of law cannot be released,
including but not limited to claims for unemployment insurance benefits and/or workers’
compensation claims. The foregoing release also does not preclude Employee from filing suit to
challenge Grubb & Ellis’s compliance with the waiver requirements of the Age Discrimination in
Employment Act, as amended by the Older Workers Benefit Protection Act. This Agreement does not
include rights or claims that may arise after the date Employee executes this Agreement.

Except as described below, Employee agrees and covenants not to file any suit, charge, or
complaint against Company Releasees in any court or administrative agency, with regard to any
Employee Claim. Employee further represents that no claims, complaints, charges, or other
proceedings are pending in any court, administrative agency, commission or other forum relating
directly or indirectly to your employment with, or separation from, Grubb & Ellis. Nothing in this
Agreement shall be construed to prohibit Employee from filing a charge with the Equal Employment
Opportunity Commission (“Commission”) and/or National Labor Relations Board (“NLRB”) or other
federal, state, or local agency or participating in any investigation or proceeding conducted by
such administrative agencies. However, Employee is waiving any claim Employee may have to receive
monetary damages in connection with any Commission and/or NLRB or other agency proceeding
concerning matters covered by this Agreement.

(b) Employee Release. In consideration of and in return for the promises and
covenants undertaken in this Agreement, and for other good and valuable consideration, receipt of
which is hereby acknowledged, Grubb & Ellis does hereby unconditionally, irrevocably and absolutely
release, absolve and discharge Employee, from any and all claims, losses, liabilities, charges,
suits, damages, liabilities, demands and causes of action, known or unknown, suspected or
unsuspected, which Grubb & Ellis now owns or holds or has at any time owned or held against
Employee (collectively, the “Grubb & Ellis Claims” and, together with the Employee Claims, the
“Claims”) arising directly or indirectly out of or in any way connected with the transactions or
occurrences between Company and Employee to date and all actions taken by Employee on behalf of or
relating to Company, to the fullest extent permitted by law, including, but not limited to,
Employee’s employment with Company, the termination of Employee’s employment with Company,
Employee’s service as Executive Vice President, General Counsel and Corporate Secretary of the
Company and Employee’s service as an officer and/or director of any direct and indirect
subsidiaries of the Company. This release is intended to have the broadest possible application
and includes, but is not limited to, any tort, contract, common law, constitutional or other
statutory claims, and all claims for attorney’s fees, costs and expenses.

Except as described below, Grubb & Ellis agrees and covenants not to file any suit, charge, or
complaint against Employee in any court or administrative agency, with regard to any Grubb & Ellis
Claim. Grubb & Ellis further represents that no claims, complaints, charges, or other proceedings
are pending in any court, administrative agency, commission or other forum relating directly or
indirectly to your employment with, or separation from, Grubb & Ellis.

(c) The parties acknowledge that they may discover facts or law different from, or in addition
to, the facts or law that they know or believe to be true with respect to the Claims and agree,
nonetheless, that this Agreement and the releases contained in it shall be and remain effective in
all respects notwithstanding such different or additional facts or the discovery of them. The
parties declare and represent that they intend this Agreement to be complete and not be subject to
any claim of mistake, and that the releases herein express final, full and complete releases, and
regardless of the adequacy or inadequacy of the consideration, the parties intend the releases
herein to be final and complete. The parties execute these releases with the full knowledge that
these releases cover all possible claims between them to date, to the fullest extent permitted by
law.

 

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(d) Waiver of Civil Code Section 1542. It is the intention of the Parties in executing this
instrument that it shall be effective as a bar to each and every Grubb & Ellis Claim and Employee
Claim specified in this Agreement. In furtherance of this intention, the Parties hereby expressly
waive any and all rights and benefits conferred upon such Party by the provisions of Section 1542
of the California Civil Code, and expressly consent that this Agreement shall be given full force
and effect according to each and all of its express terms and provisions, including those relating
to unknown and unsuspected Claims, if any, as well as those relating to any other Claims
hereinabove specified. Section 1542 provides:

“A general release does not extend to claims which the creditor does
not know or suspect to exist in his or her favor at the time of
executing the release, which if known by him or her must have
materially affected his or her settlement with the debtor.”

Having been so apprised, each Party nevertheless hereby voluntarily elects to and does waive the
rights described in Civil Code Section 1542, and elects to assume all risks for Claims that now
exist in such Party’s favor, known or unknown.

	 	 	 	 	 
	/s/ TPD

	 	/s/ MS	 	 
	 

Company Initials

	 	 

Employee Initials
	 	 

(e) Indemnification. Nothing in this Agreement is intended to or should be construed
to limit, modify or alter the terms of that certain Indemnification Agreement dated as of March 14,
2011 by and between the Company and Employee, or otherwise limit, modify or alter the
indemnification, hold harmless and similar protections afforded Employee pursuant to the Company’s
and its subsidiaries’ by-laws and other organizational documents and under California state law.

(f) The releases and other provisions contained in this Section 5 shall become effective
immediately upon execution of this Agreement by the Parties; provided, however, that to the extent
the release of Employee Claims relate to age discrimination under the ADEA they shall not be
effective until the Effective Date of this Agreement, as described in Section 11 below.

6. Non-Disparagement; Press Release. Employee agrees that Employee will not in any way
disparage the name or reputation of Grubb & Ellis, including: (1) Employee agrees not to make any
derogatory or negative remarks about Grubb & Ellis; (2) Employee agrees not to make any negative or
derogatory remarks about the Company Releasees; and (3) Employee agrees not to make any remarks
about any disputes Employee has had with Grubb & Ellis or Company Releasees. Grubb & Ellis agrees
that its corporate public statements, executive officers and directors will not in any way defame
or disparage the name or reputation of Employee. Employee shall have the right to review and
reasonably approve any press release issued by Company relating to Employee’s resignation and
departure from the Company.

7. Return of Grubb & Ellis Information/Documentation. Employee agrees that on the
Termination Date employee shall return all Grubb & Ellis information, including but not limited to
any confidential information, and all copies of such information to Grubb & Ellis, and Employee
shall destroy all extracts, memoranda, notes, spreadsheets and any other material prepared by
Employee or Grubb & Ellis based upon Grubb & Ellis confidential information. Grubb & Ellis
information includes, but is not limited to, all information, equipment, books, files, reports,
records, employee lists, correspondence, materials, and other documents including all
reproductions, that may be considered to be property of Grubb & Ellis or that contain proprietary
information, whether in paper, magnetic, electronic, or other form, that Employee has relating to
the Company’s
practices, procedures, trade secrets, financial and accounting information, client lists,
client information, client billing and payment information, or marketing of Grubb & Ellis’
services.

 

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8. Confidentiality.

Employee agrees: (1) the terms and conditions of this Agreement; and (2) any and all actions
taken by Company Releasees in accordance with this Agreement, are confidential, and shall not be
disclosed, discussed or revealed by any of them to any other person or entity except Employee’s
immediate family, attorney and/or accountant. Nothing in this paragraph is intended to restrict
either Party or his/her/its agents from disclosing any provision of this Agreement to any taxing
authority or to any tax advisor to such Party. Should Employee at any time be served with a
subpoena under which Employee would arguably be required to disclose any of the confidential
information covered by this Agreement, then Employee shall immediately contact Grubb & Ellis’s
Senior Vice President, Human Resources, so that Grubb & Ellis shall have adequate time to take
those steps necessary to prevent disclosure.

9. Trade Secrets and Confidential Information. Employee acknowledges that during
Employee’s employment, Employee may have had access to trade secrets and confidential information
about Grubb & Ellis, its products and services, its customers, and its methods of doing business,
including but not limited to files, customer lists, pricing lists, technical data, financial data
and business processes. Employee agrees that Employee shall not disclose any information relating
to the trade secrets or confidential information of Grubb & Ellis or its customers which has not
already been disclosed to the general public. Employee understands and acknowledges that
Employee’s obligations under prior agreements with Grubb & Ellis, if any, including but not limited
to, any Confidentiality, Intellectual Property, Trade Secrets, Non-Solicitation, Stock Options, and
Employee Stock Purchase Plan, will remain in full force following Employee’s termination of
employment and that Employee will continue to abide by any such prior agreements.

10. Twenty-One Days To Consider Agreement. Grubb & Ellis advises Employee to discuss
this Agreement with an attorney before executing it. Employee’s decision whether to sign this
Agreement is made with full knowledge that Grubb & Ellis has advised Employee to consult with an
attorney. Employee acknowledges Employee has been provided with at least 21 days within which to
review and consider this Agreement before signing it. Should Employee decide not to use the full
21 days, then Employee knowingly and voluntarily waives any claim that Employee was not in fact
given that period of time or did not use the entire 21 days to consult an attorney and/or consider
this Agreement. Employee acknowledges that Grubb & Ellis has not asked Employee to shorten the
21-day time period for consideration of whether to sign this Agreement. The Parties agree that any
changes, whether material or immaterial, to this Agreement, do not restart the running of the
21-day period.

11. Right of Revocation. Within three calendar days of signing and dating this
Agreement, Employee shall deliver the executed original of the Agreement to Amanda Piwonka, SVP,
Human Resources at 1551 N. Tustin Suite 200, Santa Ana, CA 92705. However, the Parties acknowledge
and agree that Employee may revoke this Agreement for up to seven (7) calendar days following
Employee’s execution of this Agreement and that it shall not become effective or enforceable
against Employee until the revocation period has expired. The Parties further acknowledge and
agree that such revocation must be in writing addressed to and received by Amanda Piwonka, SVP,
Human Resources at 1551 N. Tustin Suite 200, Santa Ana, CA 92705 not later than noon on the eighth
(8th) day following execution of this Agreement by Employee. If Employee revokes this
Agreement under this Paragraph, this Agreement shall not be effective or enforceable. The Company
shall have no similar right of revocation.

 

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12. Effective Date. If Employee does not revoke this Agreement in the time frame
specified in the preceding paragraph, the Agreement shall be effective at 12:00:01 p.m. on the
eighth (8th) day after it is signed by Employee (the “Effective Date”).

13. Choice of Law. This Agreement shall be construed in accordance with, and be deemed
governed by, the laws of the State of California without regard to its conflict of laws provisions.

14. Non-Admission. Even though consideration is acknowledged for the mutual release
of Claims, neither party admits that it engaged in any unlawful or improper conduct toward the
other party. This Agreement shall not be construed as an admission by either Grubb & Ellis or
Employee that it has violated any statute, law or regulation, breached any contract or agreement,
or engaged in any improper conduct.

15. General Terms And Conditions.

a. If any provision of this Agreement or any application of any provision of this Agreement is
held invalid, the invalidity shall not affect other provisions or applications of the Agreement
which can be given effect without the invalid provision or application. To this end, the provisions
of this Agreement are severable.

b. Employee represents and warrants that Employee has not heretofore assigned or transferred
or purported to assign or transfer to any person, firm or corporation any claim, demand, right,
damage, liability, debt, account, action, cause of action, or any other matter herein released.
Employee agrees to indemnify and hold Grubb & Ellis harmless against any claim, demand, right,
damage, debt, liability, account, action, cause of action, cost or expense, including attorneys’
fees or costs, actually paid or incurred, arising out of or in any way connected with any such
transfer or assignment or any such purported or claimed transfer or assignment.

c. This Agreement and all covenants and releases set forth herein shall be binding upon and
shall inure to the benefit of the respective Parties hereto, their legal successors, heirs,
assigns, partners, representatives, parent companies, subsidiary companies, agents, attorneys,
officers, employees, directors and shareholders.

d. The Parties acknowledge each has read this Agreement, that each fully understands
his/her/its rights, privileges and duties under the Agreement, and that each enters this Agreement
freely and voluntarily. The parties acknowledge that each has had the opportunity to consult with
an attorney of his/her/its choice to explain the terms of this Agreement and the consequences of
signing this Agreement.

e. This Agreement and the provisions contained herein shall not be construed or interpreted
for or against any Party hereto because that Party drafted or caused that Party’s legal
representative to draft any of its provisions.

f. The undersigned each acknowledge and represent that no promise or representation not
contained in this Agreement has been made to them and acknowledge and represent that this Agreement
contains the entire understanding between the Parties and contains all terms and conditions
pertaining to the compromise and settlement of the subjects referenced in this Agreement. Each
Party acknowledges that he/she/it has relied solely upon his/her/its own legal and tax advisors and
that the lawyers, accountants and advisors to the other Party have not given any legal or tax
advice to such Party in connection with this Agreement.

 

6

 

g. Employee also agrees to cooperate with Grubb & Ellis regarding any pending or subsequently
filed litigation, claims, or other disputes involving Grubb & Ellis that relate to matters within
the knowledge or responsibility of Employee during his/her employment with Grubb & Ellis. Without
limiting the foregoing, Employee agrees (i) to meet with Grubb & Ellis representatives, its
counsel, or other designees at mutually convenient times and places with respect to any items with
the scope of this provision; (ii) to provide truthful testimony regarding same to any court,
agency, or other adjudicatory body; and (iii) to provide Grubb & Ellis with notice of contact by
any adverse party or such adverse party’s representative, except as may be required by law. Grubb
& Ellis will reimburse Employee for all reasonable expenses in connection with the cooperation
described in this paragraph.

h. Any modifications to this Agreement must be made in writing and signed by Employee and
Amanda Piwonka, SVP Human Resources or Tom D’Arcy, CEO of Grubb & Ellis Company.

PLEASE READ CAREFULLY. THIS AGREEMENT CONTAINS A

GENERAL RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS.

EMPLOYEE ACKNOWLEDGES AND AGREES THAT HE/SHE HAS BEEN ADVISED THAT THIS AGREEMENT IS
A BINDING AND LEGAL DOCUMENT. EMPLOYEE FURTHER AGREES THAT S/HE HAS HAD AT LEAST
TWENTY-ONE (21) DAYS TO REVIEW THE PROVISIONS OF THIS AGREEMENT AND HAS BEEN ADVISED
TO SEEK LEGAL ADVICE REGARDING ALL ITS ASPECTS, AND THAT IN EXECUTING THIS AGREEMENT
EMPLOYEE HAS ACTED VOLUNTARILY AND HAS NOT RELIED UPON ANY REPRESENTATION MADE BY
GRUBB & ELLIS OR ANY OF ITS EMPLOYEES OR REPRESENTATIVES REGARDING THIS AGREEMENT’S
SUBJECT MATTER AND/OR EFFECT. EMPLOYEE HAS READ AND FULLY UNDERSTANDS THIS
AGREEMENT AND VOLUNTARILY AGREES TO ITS TERMS.

AGREED AND UNDERSTOOD:

	 	 	 	 	 	 	 
	Date: 6/10/11

	 	 	 	/s/ Mathieu Streiff	 	 
	 

	 	 	 	 

Mathieu Streiff
	 	 
	 
	 	 	 	 	 	 
	Date: 6/10/11	 	GRUBB & ELLIS COMPANY	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Thomas D’Arcy	 	 
	 

	 	 	 	 

Thomas D’Arcy
	 	 
	 

	 	 	 	Chief Executive Officer	 	 

 

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