Document:

QuickLinks
 -- Click here to rapidly navigate through this document

 

 
 

  Exhibit 10.6    
    

 
    AMENDMENT TO THE
  NORTHSTAR REAL ESTATE INCOME TRUST, INC.
  INDEPENDENT DIRECTORS COMPENSATION PLAN    
    

        This Amendment to the NorthStar Real Estate Income Trust, Inc. Independent Director Compensation Plan (this
"Amendment") is adopted as of August 24, 2010 (the "Effective Date") by NorthStar Real Estate
Income Trust, a Maryland corporation (the "Company"). Capitalized terms used but not defined herein shall have the meaning set forth in the Plan (as
defined below). 

 
 

  W I T N E S S E T H    
    

        WHEREAS, the Company adopted that certain NorthStar Real Estate Income Trust.
Independent Director Compensation Plan, dated as of February 2, 2010 (the "Plan"); and 

        WHEREAS, pursuant to Section 8.1 of the Plan, the Company's Board of Directors (the
"Board") desires to amend the Plan to remove the travel expense reimbursement for the independent directors' spouses. 

        NOW, THEREFORE, the Plan is amended as follows: 

 
 

  ARTICLE I
  
    AMENDMENTS    
    

        Section 1.1    Amendment to Section 5.4.    Section 5.4 of the Plan is hereby deleted in its
entirety and amended and restated as follows: 

        "5.4.    TRAVEL EXPENSE REIMBURSEMENT.    All Eligible Participants shall be reimbursed for
reasonable travel expenses in connection with attendance at meetings of the Board and its committees, or other Company functions at which the Chief Executive Officer or Chair of the Board requests the
Independent Director to participate. Notwithstanding the foregoing, the Company's reimbursement obligations pursuant to this Section 5.4 shall be limited to expenses incurred during such
director's service as an Independent Director. Such payments will be made within 30 days after delivery of the Independent Director's written requests for payment, accompanied by such evidence
of expenses incurred as the Company may reasonably require, but in no event later than the last day of the Independent Director's tax year following the tax year in which the expense was incurred. The
amount reimbursable in any one tax year shall not affect the amount reimbursable in any other tax year. Independent Directors' right to reimbursement pursuant to this Section 5.4 shall not be
subject to liquidation or exchange for another benefit." 

 
 

  ARTICLE II
  
    MISCELLANEOUS    
    

        Section 2.1    Continued Effect.    Except as specifically set forth herein, all other terms and conditions of
the Plan shall remain unmodified and in full force and effect, the same being confirmed and republished hereby. In the event of any conflict between the terms of the Plan and the terms of this
Amendment, the terms of this Amendment shall control. 

        [Signature
on following page] 

  
        IN WHEREOF, the Company has executed this Amendment to the NorthStar Real Estate Income Trust, Inc. Independent Director Compensation Plan as of the date first written above. 

 

 

							
	 
	 	 
	 	 
	 	 

	 	 	NORTSTAR REAL ESTATE INCOME TRUST, INC.
	

 	
 	
By:	
 	
/s/ ANDREW C. RICHARDSON

 
	 	 	 	 	Name:	 	Andrew C. Richardson
	 	 	 	 	Title:	 	President, Chief Financial Officer and Treasurer

 

 

QuickLinks

Exhibit 10.6

AMENDMENT TO THE NORTHSTAR REAL ESTATE INCOME TRUST, INC. INDEPENDENT DIRECTORS COMPENSATION PLAN

W I T N E S S E T H

ARTICLE I AMENDMENTS

ARTICLE II MISCELLANEOUSQuickLinks
 -- Click here to rapidly navigate through this document

 
 

  Exhibit 10.46    
    

This
Release Agreement is made this 19th day of July, 2010 among: 

ROYAL GOLD, INC.
  (the "Borrower") 

OF
THE FIRST PART 

-and- 

RGLD GOLD CANADA, INC.

(the "Guarantor") 

OF
THE SECOND PART 

-and-

HSBC BANK USA,

NATIONAL ASSOCIATION

as administrative agent

(in such capacity, the "Administrative Agent")

and as a Lender

(in such capacity "HSBC") 

OF
THE THIRD PART 

-and- 

THE BANK OF NOVA SCOTIA

as a Lender

(in such capacity, the "BNS" and, together with HSBC and the Administrative Agent, the "Lender Parties") 

OF
THE FOURTH PART 

 

        WHEREAS
by the Amended and Restated Term Loan Facility Agreement dated as of March 26, 2010 (the "Loan Agreement"), among the Borrower, the Guarantor, the Lender Parties and other
parties to the Loan Agreement, it was agreed in Section 4.5 of the Loan Agreement that, upon the completion of
all documents, Instruments, delivery and actions as set forth in Section 6.16 of the Loan Agreement (the "Conditions") to the satisfaction of the Administrative Agent in its sole discretion,
the RGLD Canada Security Documents shall be terminated and the Guarantor shall be released from its obligation under the Credit Documents as promptly as practical thereafter; 

        AND
WHEREAS the Lender Parties are satisfied that the Conditions have been satisfactorily completed; 

        NOW
THEREFORE the Lender Parties, at the expense of the Credit Parties, hereby covenant and agree as follows: 

	1.
	Any
capitalized term in this Release Agreement (including the recitals hereto) which is not otherwise defined shall have the same meaning as in the Loan
Agreement.

	2.
	The
Lender Parties confirm that they are satisfied that the Conditions have been completed.

	3.
	The
"Pledge, Security and Subordination Agreement" dated as of January 20, 2010 made by the Borrower (as Debtor) in favour of HSBC Bank USA, National
Association, in its capacity as Administrative Agent for the Lenders (as Secured Party), as amended by the "Amendment to Pledge, Security and Subordination Agreement" made as of March 26, 2010
(collectively the "Pledge Agreement") is hereby terminated and shall be of no further force or effect, and the Borrower's obligations under the Pledge Agreement, and the pledges, liens and security
interests granted pursuant to the Pledge Agreement shall be cancelled, terminated, discharged and forever released; provided that nothing herein shall serve to release any such obligations that, by
their express terms, survive the termination of the Pledge Agreement. The Administrative Agent covenants and agrees with the Borrower to deliver (or cause to be delivered) to Davis LLP, the
solicitors to the Borrower ("Davis"), at 1201 Scotia 2 Tower, 10060 Jasper Avenue, Edmonton, AB T5J 4E5:

	(a)
	Share
Certificate No. 1 for 28,500 Common Shares of the Guarantor, registered in the name of the Borrower, and

	(b)
	for
cancellation, the undated Power of Attorney by which the Borrower agreed to transfer the Securities in accordance with the Pledge Agreement.

	4.
	The
Lender Parties hereby release the Guarantor from the covenants and agreements of the Guarantor under the "Acknowledgment, Consent and Undertaking of RGLD
Gold Canada, Inc." dated as of January 20, 2010 made by the Guarantor in connection with the Pledge Agreement.

	5.
	The
Lender Parties agree that the endorsement in the Central Securities Register of the Guarantor of the Pledge Agreement may be removed and marked as
"cancelled" or "discharged.", and the Lender Parties authorize and direct the Guarantor and/or Davis to make any and all endorsements to the Central Securities Register which may be required in that
respect.

	6.
	Each
of the Lender Parties discharges and releases the Guarantor from any obligations or covenants it may have under or in respect of the Intercreditor
Agreement, but for the avoidance of doubt, nothing herein shall serve to amend the terms and condition of the Intercreditor Agreement or to release or waive any obligations of the Revolving Credit
Parties or the Term Credit Parties (in each case as defined therein) thereunder. 

2

 

	7.
	The
"General Security Agreement" dated as of January 20, 2010 made by the Guarantor (as Debtor) in favour of HSBC Bank USA, National Association, in
its capacity as Administrative Agent for the Lenders (as Secured Party), as amended by the "Amendment to General Security Agreement" made as of March 26, 2010 (collectively the "RGLD GSA") is
hereby terminated and shall be of no further force or effect, and the Guarantor's obligations under the RGLD GSA, and the liens and security interests granted pursuant to the RGLD GSA shall be
cancelled, terminated, discharged and forever released; provided that nothing herein shall serve to release any such obligations that, by their express terms, survive the termination of the RGLD GSA.

	8.
	The
Lender Parties authorize and direct Davis to discharge (or cause to be discharged), on behalf of the Administrative Agent, the following financing
statements:

	(a)
	the
financing statement relating to the RGLD GSA registered as Base Registration No. 367237F on January 18, 2010 by the Administrative Agent,
as secured party, and the Guarantor, as debtor, and respecting all of the present and after-acquired personal property of the Guarantor, as extended by the financing change statement registered as
Registration No. 460439F on March 18, 2010, in each case as registered in the Personal Property Registry of British Columbia;

	(b)
	the
financing statement relating to the Pledge Agreement registered as Base Registration No. 368100F on January 18, 2010 by the Administrative
Agent, as Secured Party, respecting the Borrower, as Debtor, and respecting that collateral more particularly described in the Financing Statement respecting the securities and indebtedness pledged by
the Borrower to the Administrative Agent under the Pledge Agreement, as extended by the financing change statement registered as Registration No. 460585F on March 18, 2010, in each case
as registered in the Personal Property Registry of British Columbia.

	9.
	The
Lender Parties further authorize and direct Hogan Lovells to discharge (or cause to be discharged) the UCC Financing Statement registered with the
Delaware Department of State on January 21, 2010 as initial filing number 2010 022 7185 made by the Administrative Agent, as secured party, respecting the Borrower, as
Debtor, and respecting the securities and indebtedness pledged by the Borrower to the Administrative Agent under the Pledge Agreement.

	10.
	Each
of the Lender Parties confirms to the Borrower and to the Guarantor that it continues in the capacity set out in the preamble to this Agreement under
the terms of the Loan Agreement, and has the power and authority to execute this Release Agreement. For the avoidance of doubt, nothing herein shall serve to amend the terms and condition of the Loan
Agreement or any other Credit Document or to release or waive any obligations of the Borrower or Guarantor thereunder. The Borrower confirms and agrees that the Loan Agreement and the Credit Documents
remain in full force and effect in accordance with their terms, except to the extent that the RGLD Canada Security Documents are expressly released in accordance herewith.

	11.
	This
Agreement may be executed by one or more of the Parties to this Agreement on any number of separate counterparts, and all of said counterparts taken
together shall be deemed to constitute one and the same instrument. A set of the copies of this Agreement signed by the Parties shall be lodged with the Borrower and each Lender Party. 

3

 

        IN
WITNESS whereof, the Parties have caused this Agreement to be duly executed and delivered by its proper and duly authorized Officers on the day and year first above written. 

 

 

					
	 	 	 ROYAL GOLD, INC, a Delaware Corporation
	

 	
 	
By:	
 	
/s/ Stefan Wenger

  NAME: Stefan Wenger

TITLE: Chief Financial Officer and Treasurer
	

 	
 	
RGLD GOLD CANADA, a British Columbia Corporation
	

 	
 	
By:	
 	
/s/ Bruce C. Kirchhoff

  NAME: Bruce C. Kirchhoff

TITLE: Vice President
	

 	
 	
HSBC BANK USA, NATIONAL ASSOCIATION,

as administrative agent
	

 	
 	
By:	
 	
/s/ Adam Hendley

  NAME: Adam Hendley

TITLE: Vice President
	

 	
 	
HSBC BANK USA, NATIONAL ASSOCIATION,

as a lender
	

 	
 	
By:	
 	
/s/ Adam Hendley

  NAME: Adam Hendley

TITLE: Vice President
	

 	
 	
THE BANK OF NOVA SCOTIA,

as a lender
	

 	
 	
By:	
 	
/s/ Ray Clarke

  NAME: Ray Clarke

TITLE: Managing Director
	

 	
 	
By:	
 	
/s/ Elizabeth DaPonte

  NAME: Elizabeth DaPonte

TITLE: Associate Director

 

 4

QuickLinks

Exhibit 10.46

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}]]