Document:

Exhibit 10.14

  

 FORM OF RESTRICTED STOCK UNIT AWARD AGREEMENT 

UNDER THE 

AG MORTGAGE INVESTMENT TRUST, INC.

MANAGER EQUITY INCENTIVE PLAN

 

	Name of Manager:	 	AG REIT Management, LLC (the “Manager”)
	Total Number of Restricted Stock Units Subject to the Award:	 	[             ] (the “RSUs”)
	Award Date:	 	[             ] (the “Award Date”)
	Vesting Schedule:	 	One-Third (1/3) of the RSUs will vest annually 
 following the Award Date.

    [        ] RSUs to vest on
    [             ] 

[        ] RSUs to vest on [             ]
    

[        ] RSUs to vest on
    [             ]

 

This Restricted Stock Unit Award Agreement (the “Award Agreement”) is between AG Mortgage Investment Trust,
Inc. (the “Company”) and the Manager. The Company hereby grants to the Manager a Restricted Stock Unit Award,
subject to vesting and certain other restrictions as provided in this Award Agreement, under the AG Mortgage Investment Trust,
Inc. Manager Equity Incentive Plan, as the same may be amended from time to time (the “Plan”). Accordingly,
for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Company and the Manager hereby
agree as follows: 

 

1.          Award of Restricted
Stock Units. The Company hereby grants the Manager, effective as of the Award Date, the number of RSUs set forth above under
“Total Number of Restricted Stock Units Subject to the Award,” upon the terms and conditions set forth in the Plan
and this Award Agreement (as described herein, the “Award”).

 

2.         Acceptance of Award. The Manager shall have no rights with respect to the Award and this Award
Agreement unless the Manager has read and acknowledged this Award Agreement prior to the close of business on the first
business day on or after the tenth calendar day following the Award Date by signing and delivering to the Company a copy of
this Award Agreement.

 

3.          Settlement.On
or as soon as practicable after each vesting date described in the “Vesting Schedule” above or Section 6 below, the
Company shall settle the vested RSUs by issuing to the Manager or to the holder of such RSUs pursuant to a transfer permitted under
Section 4, one share of the Company’s common stock (“Share”) for each vested RSU.

 

 

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4.          Transferability. RSUs granted
herein may not be sold, assigned, transferred, pledged or otherwise encumbered or disposed of by the Manager. Notwithstanding the
foregoing, the Manager may, per Section 10 of the Plan, allocate all or a portion of the RSUs granted hereunder to the Manager’s
officers or other personnel of the Manager or its Affiliates. To the extent that any RSUs are transferable, any such transferee
shall remain subject to the terms, conditions, and restrictions contained in the Plan and this Award Agreement, and no such transfer
shall be effective unless and until the applicable transferee acknowledges in writing to the Company that such transfer is subject
to the terms, conditions, and restrictions contained in the Plan and this Award Agreement and the transfer complies with Applicable
Laws. To the extent consistent with the terms and conditions contained in the Plan and this Award Agreement, the Manager can subject
such transferee to additional restrictions under which the transferred RSUs can be forfeited and returned to the Manager (including,
but not limited to, the transferee’s termination of employment or other service to the Manager or its Affiliates).

 

5.          Shareholder
Rights. Neither the Manager nor any transferee of the RSUs shall have any rights as a stockholder of record with the respect
to the RSUs until, and then only to the extent that, Shares are issued in settlement of the vested RSUs. Upon the issuance of Shares
in settlement of the vested RSUs, the Manager or the transferee of the RSUs, as applicable, shall have all the rights of a stockholder
of record of the Company, including voting rights and to receive dividends on the Shares.

 

6.          Termination
of Management Agreement. Upon termination of the Management Agreement either (i) by the Company for Cause (as defined in the
Management Agreement) or (ii) by the Manager for Cause (as defined in the Management Agreement) or for any reason other than pursuant
to a Termination Notice (as defined in the Management Agreement) that is given in connection with a determination that the compensation
payable to the Manager is not fair, all unvested RSUs then held by the Manager or the Manager’s transferee shall be immediately
cancelled and forfeited without consideration. Upon termination of the Management Agreement for any reason other than as enumerated
in the immediately preceding sentence, any RSUs that were not previously vested will become fully vested, and any performance conditions
imposed with respect to the Award will be deemed to be fully achieved. In the event of a Change of Control prior to termination
of the Management Agreement, all RSUs, to the extent then unvested, shall immediately prior to such Change of Control become fully
vested.

 

7.          Tax Treatment.
The Manager acknowledges that it will consult with a tax advisor regarding the federal, state, and local tax consequences of the
Award of the RSUs, payment of dividends on the Shares issued in settlement of the vested RSUs, the vesting of the RSUs and any
other matters related to this Award Agreement. The Manager is not relying on any statements or representations of the Company or
any of its agents. The Manager understands that it is responsible for its own tax liability that may arise as a result of this
Award of the RSUs or any other matters related to this Agreement.

 

8.          The Plan.
The provisions of the Plan are hereby incorporated herein by reference. Except as otherwise expressly set forth herein, this Award
Agreement shall be construed in accordance with the provisions of the Plan and any capitalized terms not otherwise defined in this
Award Agreement shall have the definitions set forth in the Plan. The Committee shall have final authority to interpret and construe
the Plan and this Award Agreement and to make any and all determinations thereunder, and its decision shall be binding and conclusive
upon the Manager and its representatives in respect of any questions arising under the Plan or this Award Agreement.

 

 

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9.          No Right to
Continued Service. In consideration of the grant of the Award by the Company, the Manager agrees to render faithful and efficient
services to the Company. Nothing in the Plan or this Award Agreement shall confer upon the Manager any right to continue in the
service of the Company or any Affiliate or shall interfere with or restrict in any way the rights of the Company and its Affiliates,
which rights are hereby expressly reserved, to discharge or terminate the Manager’s services at any time for any reason whatsoever,
with or without cause, except to the extent expressly provided otherwise by Applicable Laws or in a written agreement between the
Manager and the Company or its Affiliates.

 

10.        Notices.
Notices hereunder shall be mailed or delivered to the Company at its principal place of business and shall be mailed or delivered
to the Manager at the address on file with the Company or, in either case, at such other address as one party may subsequently
furnish to the other party in writing.

 

11.        Securities
Matters. The Company shall not be required to issue or deliver any RSUs or Shares until the requirements of any federal or
state securities or other Applicable Laws, rules or regulations (including the rules of any securities exchange) as may be determined
by the Company to be applicable are satisfied. The Manager acknowledges that the Plan is intended to conform to the extent necessary
with all provisions of the Securities Act and the Exchange Act and any and all regulations and rules promulgated by the Securities
and Exchange Commission thereunder, and state securities laws and regulations. Notwithstanding anything herein to the contrary,
the Plan shall be administered, the RSUs are granted and Shares will be issued in settlement of vested RSUs, in each case only
in such a manner as to conform to such Applicable Laws. To the extent permitted by Applicable Laws, the Plan and this Award Agreement
shall be deemed amended to the extent necessary to conform to such Applicable Laws.

 

12.        Consent to
Electronic Delivery. In lieu of receiving documents in paper format, the Manager agrees, to the fullest extent permitted by
Applicable Laws, to accept electronic delivery of any documents that the Company may be required to deliver (including, but not
limited to, prospectuses, prospectus supplements, grant or award notifications and agreements, account statements, annual and quarterly
reports, and all other agreements, forms and communications) in connection with this and any other prior or future incentive award
or program made or offered by the Company or its predecessors or successors. Electronic delivery of a document to the Manager may
be via a Company e-mail system or by reference to a location on a Company intranet site to which the Manager has access.

 

13.        Electronic
Signature. All references to signatures of documents in this Award can be satisfied by procedures the Company has established
or may establish for an electronic signature system for delivery and acceptance of any such documents, including this Award. The
Manager’s electronic signature is the same as, and shall have the same force and effect as, the Manager’s manual signature.
Any such procedures and delivery may be effected by a third party engaged by the Company to provide administrative services related
to the Plan.

 

14.        Entire Award
Agreement. This Award Agreement and the Plan contain the entire agreement and understanding of the parties hereto with respect
to the subject matter contained herein and therein and supersede all prior communications, representations, and negotiations in
respect thereto.

 

 

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15.        Benefit and
Binding Effect. This Award Agreement shall be binding upon and shall inure to the benefit of the parties hereto, their respective
successors, permitted assigns, and legal representatives. The Company has the right to assign this Award Agreement, and such assignee
shall become entitled to all the rights of the Company hereunder to the extent of such assignment.

 

16.        Governing
Law. This Award Agreement shall be governed by the laws of the State of Maryland, without giving effect to its conflict or
choice of law rules or principles that might otherwise refer construction or interpretation of this Plan to the substantive law
of another jurisdiction.

 

17.        Counterparts.
This Award Agreement is to be executed in duplicate and may be executed in two or more counterparts, each of which shall be deemed
an original, but all of which together shall constitute one and the same instrument.

  

[Signature Page Follows]

 

    	- 4 -

    	 

    

 

	 	AG MORTGAGE INVESTMENT
	 	TRUST, INC.
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Please indicate your
acceptance of the terms and conditions of this Award Agreement by signing in the space provided below and returning a signed copy
of this Award Agreement to the Company. IF A FULLY EXECUTED COPY OF THIS AGREEMENT HAS NOT BEEN RECEIVED BY THE COMPANY, THE COMPANY
SHALL REVOKE ALL SHARES GRANTED TO THE MANAGER, AND AVOID ALL OBLIGATIONS UNDER THIS AGREEMENT.

 

The undersigned hereby
accepts, and agrees to, all terms and provisions of this Award Agreement. 

 

	 	AG REIT Management, LLC

	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

  

Signature Page to Restricted Stock Unit
Award AgreementExhibit 10.1

EXHIBIT A

Statement of Work (SOW) #2

This Statement of Work ("SOW"), by and between Touchpoint Metrics, Inc. dba MCorp Consulting and lululemon athletica canada inc.. ("Client") is effective as of the later date signed below ("SOW Effective Date") and serves as Client's approval for Touchpoint Metrics to begin work on the project (the "Project") outlined in Touchpoint Metrics' July 25th, 2014 proposal for services titled "Guest Experience Insights Proposal" ("Proposal"), which is made part of this SOW by reference, the scope of which is described there and referenced in the following:

	
1.

	
Agreement Name: Services Agreement ("Agreement")

	
2.

	
Agreement Date: June 12, 2014

	
3.

	
Project Name: Guest Experience Insights

	
4.

	
Approvals:  The current authorized approval source for Client is: Allan Smith

	
5.

	
Consulting Services:

(a)               Description of Consulting Services.

	
§

	
Generation and Analysis of Touchpoint and Attribute Inventory: Will take output from the Touchpoint Mapping Workshop to develop with client an inventory of Guest touchpoints and attributes ("wants and needs") that will be leveraged during Guest research.

	
§

	
Online Community Research: Will facilitate online discussions with lululemon guests that represent four personas (i.e., James, Elle, Sophie, plus one TBD) (~15 participants per persona) to better understand the 'Outside-In' Guest Experience.  Will determine how well touchpoints are performing and how well lululemon currently meets Guest Experience wants and needs. Information gained will inform design of the questionnaire used with Guests.

	
§

	
Quantitative Web Surveys and Analysis: Will perform online surveying of no less than 2,000 lululemon Guests and 300 client-facing Educators, as well as the customers of lululemon competitors (no less than 1,200).  Analysis will include development of insights on performance and gaps, competitive advantage/disadvantage, alignment of Guest and Educator experience perceptions, and four-quadrant Kano analysis.

	
§

	
Guest Experience Recommendations: Will provide prioritized recommendations for improving the lululemon Guest Experience based on analysis of survey data and input from lululemon Guests. Will hold a working session(s) to introduce the research findings and recommendations.

	
§

	
Persona and Journey Map Development: Will evolve and develop the Personas drafted in the Persona Workshop (i.e., James, Elle, Sophie, plus one TBD) to be both qualitative and quantitative research based.  Will similarly develop a Current State Journey Map(s) (1 to 4) of the Guest Journey from an Outside-In perspective, leveraging qualitative and quantitative inputs.  Will, validate and socialize the Personas and Journey Map(s) with lululemon management f.   Guest Experience Insights Dashboard:  Will customize and deliver access for 5

1

	

	

users to MCorp's Touchpoint Mapping On-Demand SaaS that will allow viewing, sorting, and segment-based analysis of quantitative research for a one year period following initial user access.

	
§

	
Ongoing Project Management ownership during the engagement in regards to scheduling meetings for research tool and deliverable approvals, and to meet designed timelines, understanding that lululemon resource availability at needed times will be a key requirement to maintaining those timelines.

(b)               Key Activities.

Phase 1: Immersion and Planning

	
§

	
Project Planning and Kick-Off

	
§

	
Desk Research

	
§

	
Stakeholder Interviews (~2-3)

	
§

	
Develop Research Plan

Phase 2: Insights Gathering

	
§

	
Touchpoint and Attribute Inventory Refinement & Validation

	
§

	
Qualitative Research (4 Online Communities) and Summary Report

	
§

	
Quantitative Research (Survey Guests, Employees, Competitors)

	
§

	
Data Analysis and Quantitative Research Report

Phase 3: Findings & Recommendations Development

	
§

	
Persona Development (4)

	
§

	
Touchpoint Mapping On-Demand Customization and Access

	
§

	
Journey Map Development

	
§

	
Recommendations for Current State Experience Improvement

	
§

	
Current State Findings and Recommendations Working Session

(c)               Client Responsibilities. In addition to timely response to enquiries and on decision making, company will require adequate access to and time with lululemon athletica team members, as well as key personnel to be determined in Phase 1, including availability for participation in remote and onsite interviews and presentations. Payment and fulfillment of Online Community and Survey incentives for lululemon Guests will be the responsibility of lululemon.

(d)               Deliverables/Delivery Schedule. Touchpoint metrics shall initiate the project on September 2, 2014 and complete delivery of all services to Client on or before January 7, 2015. The milestone delivery schedule for the major Services shall be as follows:

	
Milestone #

	
Deliverables to be Completed

	
Due on or Before

	
1

	
Qualitative (Online Community) Research Report

	
10/10

	
2

	
Quantitative Research Analysis and Report

	
12/1

	
3

	
Findings and Recommendations for Current State Improvement

	
1/7

Non-milestone deliverables include:

	
§

	
Online Community Questionnaire

	
§

	
Online Survey Questionnaire

	
§

	
Research based Personas

	
§

	
Research-based Journey Maps

2

	
§

	
Touchpoint and Attribute Inventory

	
§

	
One Year Touchpoint Mapping On-Demand Customization and Access

(e)               Deliverables Acceptance. Each deliverable will be deemed accepted by Client unless, within the acceptance period specified in the SOW, Client rejects the deliverable in a written notice to Touchpoint Metrics that specifies in reasonable detail the reason for the rejection. If Client rejects the deliverable, Touchpoint Metrics will use commercially reasonable efforts to: (1) promptly correct the deliverable, or (2) if it is impracticable to promptly correct the deliverable, provide Client with a written plan to correct the deliverable, including a schedule. If Touchpoint Metrics disagrees with Client's rejection of the deliverable, Touchpoint Metrics' project manager will immediately notify Client's project manager and schedule a meeting to discuss and resolve the issue. If the project managers are unable to resolve the issue, then it will be referred to the parties' executives for resolution in accordance with the Agreement.

	
6.

	
Client Materials:

Subject to the confidentiality provisions of the Agreement, Client is responsible for providing at no charge and in a timely manner with all internal resources, records, facilities, equipment, data, information, tools, software, documentation, materials, data, content or other information or resources, as well as access to and timely and accurate responses from personnel, agents, and vendors to all communications from Touchpoint Metrics. Client is responsible for the truth, accuracy, and legality of all content provided to Touchpoint Metrics. Client acknowledges that delays on its part may adversely affect schedules and costs. Client and Client agents and vendors (if any) will provide Touchpoint Metrics at no charge and in a timely manner with all facilities, equipment, data, information, tools, software, documentation, materials, data, content or other information or resources, as well as access to and responses from their personnel, agents, and vendors ("Client Materials") reasonably required by Touchpoint Metrics to provide the Services under this SOW. Client will ensure that it has all rights and consents necessary for Touchpoint Metrics to use such Client Materials. Client understands and acknowledges that Touchpoint Metrics' performance of the Services depends on Client and Client agents and vendors (if any) providing the Client Materials in a timely manner, and that any failure or delay will prevent or delay Touchpoint Metrics' performance of the Services. Client is responsible for and assumes the risk of any problems resulting from the Client Materials.

	
7.

	
Fees, Expenses and Payment Terms:

(a)               Consulting Fees. Total fees for Consulting Services are two-hundred thirty-two thousand U.S. Dollars ($232,000.00 USD). Consulting fees will be invoiced to Client by Company and are due and payable according the following schedule:

	
Amount (U.S. Dollars)

	
Invoice Date:

	
$92,800.00

	
Upon execution of this SOW

	
$46,400.00

	
On completion of Milestone #1

	
$46,400.00

	
On completion of Milestone #2

	
$46,400.00

	
On completion of Milestone #3

All invoices, except the initial invoice which is due net 10 days, are due net 30 days.

(b)               Expenses. All out-of-pocket expenses are billed at cost, and will not exceed $46,400.00 without written approval obtained from Client in advance of these expenses being

3

incurred. Out-of-pocket expenses include, but are not limited to, transcription services, , competitor sample acquisition, online community and survey platform fees, travel, workshop materials, copies, and work visa fees for up to three U.S. based MCorp project team members. Any out-of-pocket expense exceeding $5,000 that is agreed to in advance by Client is subject to a 50% deposit, payable to Touchpoint Metrics prior to ordering the service.

(c)               Payment Terms. Client agrees to pay all fees and expenses in United States dollars according to the payment schedule above and the Payment Terms set forth in the Services Agreement.

	
8.

	
Statement of Work Term and Termination:

The term of this Statement of Work shall begin on the Effective Date and shall continue in effect until January 7, 2015. This SOW may, after complying with Section 8.7.1 of the Agreement, be terminated by either party if the other party fails to cure a breach of any material provision of this SOW within thirty (30) days after receipt of written notice of such breach. The Company may temporarily cease performance of its obligations during any cure period.

This Statement of Work is entered under and subject and pursuant to the Services Agreement between Touchpoint Metrics and the Client, and is subject to all the terms and conditions of the Agreement. Any capitalized terms not defined in this Statement of Work shall have the meanings ascribed to them in the Agreement. This Statement of Work supplements and incorporates by reference the relevant terms of the Agreement. The parties have executed this Statement of Work on the respective dates set forth below.

	
For the Company

	
Accepted for Client

	
Touchpoint Metrics, Inc.

	
lululemon athletica canada inc.

	 	 	 	 
	 	 	 	 
	 	 	 	 
	
By:

	
MICHAEL HINSHAW

	 	
By:

	
ALLAN SMITH

	 	 	 	 
	
Name: Michael Hinshaw

	 	
Name:

	
Allan Smith, CIO, lululemon athletica inc.

	 	 	 	 
	
Title: President & CEO

	 	
Title:

	
SVP & CIO

	 	 	 	 
	
201 Spear Street, Suite 1100

	 	
Address:

	
1818 Cornwall Ave

	
San Francisco, CA, 94102

	 	 	
Vancouver, BC, V6J 1C7

	 	 	 	 
	
Phone: 415-526-2655

	 	
Phone:

	
6044843647

	 	 	 	 
	
Fax: 415-526-2650

	 	
Fax:

	
6044843647

	 	 	 	 
	
Email: mhinshaw@mcorpconsulting.com

	 	
Email:

	
aasmith@lululemon.com

	 	 	 	 
	
Date:

	
8/21/2014

	 	
Date:

	
8/27/2014

4

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