Document:

Exhibit 10.31

Exhibit 10.31

[NON-EMPLOYEE DIRECTOR GRANT]

RESTRICTED STOCK UNIT AGREEMENT

UNDER THE

LORAL SPACE & COMMUNICATIONS INC.

2005 STOCK INCENTIVE PLAN

THIS AGREEMENT (the “Agreement”) is made as of the 19th day of May, 2009 (the “Grant Date”),
by and between LORAL SPACE & COMMUNICATIONS INC. (the “Company”) and                      (the “Grantee”).

W I T N E S S E T H :

WHEREAS, the Grantee is currently a non-employee member of the Board of Directors (the
“Board”) of the Company and the Company desires to have him remain in such capacity and grant to
him a notional interest in shares of the Company’s common stock, par value $0.01 per share (the
“Stock”), in the form of restricted stock units, subject to certain restrictions and on the terms
and conditions set forth herein so that he may have a direct proprietary interest in the Company’s
success.

NOW, THEREFORE, in consideration of the covenants and agreements herein contained, the parties
hereto hereby agree as follows:

1. Grant of Restricted Stock Units. Subject to the restrictions, terms and conditions set
forth herein and in the Company’s 2005 Stock Incentive Plan, as amended from time to time (the
“Plan”), the Company hereby grants to the Grantee 2,000 restricted stock units (the restricted
stock units granted hereunder are hereafter referred to as the “Restricted Stock Units”). Each
Restricted Stock Unit shall represent the right to receive upon settlement (i) one share of the
Stock or (ii) cash equal to the fair market value of one share of Stock on the settlement date,
subject to the terms and conditions set forth herein. The determination as to whether the
Restricted Stock Units are settled in Stock or cash shall be at the sole discretion of the Company.
Capitalized terms not defined herein shall have the meaning ascribed to them in the Plan.

2. Satisfaction of Vesting Conditions.

(a) General. Except as provided in this Agreement, the Restricted Stock Units are
subject to a substantial risk of forfeiture until vested as set forth in Section 2(b) and are not
transferable.

(b) Vesting Schedule. The Restricted Stock Units shall vest in two separate tranches
(each, a “Tranche”) as follows. Subject to earlier forfeiture as provided below, 1,000 Restricted
Stock Units shall vest on the first anniversary of the Grant Date and the remaining 1,000
Restricted Stock Units shall vest on the second anniversary of the Grant Date (each such
anniversary, a “Vesting Date,”), provided the Grantee has remained a member of the Board from the
date hereof through each Vesting Date. If the
Grantee’s membership on the Board is terminated for any reason, the unvested portion of the
Restricted Stock Units shall be forfeited by the Grantee without consideration.

 

 

 

3. Settlement of Restricted Stock Units.

(a) All outstanding vested Restricted Stock Units shall be settled on the earlier of (a) the
date of the Grantee’s death, (b) the date the Grantee undergoes a Separation from Service (as
defined below), and (c) the date of consummation of a 409A Change in Control (as defined below),
(the first of (a), (b), and (c) to occur shall be the “Settlement Date”); provided,
however, that to the extent that the Grantee is a “specified employee” within the meaning
of Treasury Regulation 1.409A-1(i) any settlement of the Restricted Stock Units on account of the
Grantee’s Separation from Service from the Company shall be delayed for such period of time as may
be necessary to meet the requirements of Treasury Regulation Section 1.409A-3(i)(2) (the “Delay
Period”) and on the first business day following the expiration of the Delay Period, all vested
Restricted Stock Units shall be settled. On the Settlement Date, the Company shall deliver to the
Grantee (or the Grantee’s estate in the event of Grantee’s death) (x) a certificate or certificates
representing the number of shares of Stock equal to the number of vested Restricted Stock Units or
(y) a lump sum payment of cash having a value equal to the fair market value of one share of Stock
as of the Settlement Date multiplied by the number of vested Restricted Stock Units. The
determination as to whether the Restricted Stock Units will be settled in Stock or cash shall be
within the sole discretion of the Company.

(b) For purposes of this Agreement, a “Separation from Service” will be deemed to occur on the
date as of which the Grantee has undergone a “separation from service” (as that term is
specifically defined in Treas. Reg. §1.409A-1(h), applying the rules set forth therein) with the
Loral Controlled Group (as defined below); provided, however, that to the extent
that the Grantee becomes employed with Loral or any member of the Loral Controlled Group the
Grantee will be deemed to undergo a termination of employment on the date that such Grantee’s level
of bona fide services performed decreases to a level less than 50 percent of the average level of
services performed by the Grantee during the immediately preceding 36-month period. For purposes
of this Agreement the Loral Controlled Group means Loral and all persons and entities with respect
to which Loral would be considered a single employer under Code §414(b) and (c), provided,
however, that in applying Code §1563(a)(1), (2) and (3) for purposes of determining a
controlled group of corporations and in applying Treas. Reg. §1.414(c)-2 for purposes of
determining trades or businesses that are under common control, as provided in Treas. Reg.
§1.409A-1(h)(3), the language “at least 80 percent” is used, instead of the default language “at
least 50 percent” as set forth in Treas. Reg. §1.409A-1(h)(3), each place it appears.

(c) For purposes of this Agreement, a “409A Change in Control” shall mean a Change in Control
that also constitutes a “change in control event” within the meaning of Treasury Regulation Section
1.409A-3(i)(5).

 

2

 

4. Dividends and Dividend Equivalents. No dividends or dividend equivalents shall accrue or
be paid with respect to any outstanding Restricted Stock Units.

5. Rights of Stockholder. The Grantee will not have any rights as a Stockholder with respect
to any Restricted Stock Units unless and until the Restricted Stock Units are settled in shares of
Stock and Grantee becomes the holder of record of such shares.

6. No Right to Continued Board Membership. This Agreement does not confer upon the Grantee
any right to continuance of membership on the Board, nor shall it interfere in any way with the
right of the Company to terminate his Board membership at any time.

7. Transferability. The Restricted Stock Units may not, at any time prior to settlement, be
assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Grantee
and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance
shall be void and unenforceable.

8. Notice. Every notice or other communication relating to this Agreement shall be in
writing, and shall be mailed to or delivered to the party for whom it is intended at such address
as may from time to time be designated by it in a notice mailed or delivered to the other party as
herein provided; provided that, unless and until some other address be so designated, all notices
or communications by the Grantee to the Company shall be mailed or delivered to the Company at its
New York office and all notices or communications by the Company to the Grantee may be given to the
Grantee personally or may be mailed to the Grantee’s home address as reflected on the books of the
Company.

9. Arbitration. All disputes between the parties arising out of, or in connection with the
validity, interpretation, construction, meaning or execution of the Plan or of this Agreement or
any settlement thereof, shall be finally settled by arbitration to be held in New York City and
conducted in accordance with the Rules of the American Arbitration Association. Judgment upon the
award rendered may be entered in any court having jurisdiction or application may be made to such
court for judicial acceptance of the award and an order of enforcement, as the case may be.

10. Governing Law. The validity, interpretation and performance of this Agreement shall be
controlled by and construed under the laws of Delaware, without giving effect to the principles of
conflicts of law.

11. Signature in Counterparts. This Agreement may be signed in counterparts, each of which
shall be an original, with the same effect as if the signatures thereto and hereto were upon the
same instrument.

* * *

 

3

 

IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the day and year first
above written.

	 	 	 	 	 
	 	LORAL SPACE & COMMUNICATIONS INC.

 	 
	 	By:  	 	 
	 	 	Name:  	Michael B. Targoff 	 
	 	 	Title:  	Vice Chairman, Chief Executive Officer
and President 	 
	 	 	 
	 	Grantee: 	 

Mailing Address of Grantee for Delivery of Stock Certificates:

	 	 	 
	 

	 	 
	 
	 	 
	 

	 	 

Phone Number of Grantee:                                         

Email Address of Grantee:                                         

Social Security No.:                     —                    —                    

 

4exv10w1

Exhibit 10.1

Execution

EQUITY ONE, INC.

COMMON STOCK PURCHASE AGREEMENT

     This Common Stock Purchase Agreement (the “Agreement”) is entered into as of March 9, 2010, by
and between Equity One, Inc., a Maryland corporation (the “Company”), and MGN America, LLC, a
Delaware limited liability company (the “Purchaser”).

R E C I T A L S

     WHEREAS, the Purchaser desires to purchase shares of the Company’s common stock, par value
$.01 per share (“Common Stock”), such purchase to be made in a private placement the closing of
which is to occur substantially simultaneously with the closing (the “Closing”) of the public
offering (the “Public Offering”) by the Company pursuant to an underwriting agreement between the
Company and Citigroup Capital Markets Inc. (the “Underwriter”), to be dated on or about March 9,
2010 (the “Underwriting Agreement”);

     WHEREAS, the Company desires to issue and sell the Shares (as defined below) to the Purchaser
on the terms and conditions set forth herein to fund its corporate purposes.

     NOW, THEREFORE, in consideration of the foregoing recitals and the mutual promises hereinafter
set forth, the parties hereto agree as follows:

     1. Agreement to Sell and Purchase. Subject to the terms and conditions hereof, the
Company hereby agrees to issue and sell to the Purchaser and the Purchaser agrees to purchase from
the Company, at the Closing, 500,000 shares of Common Stock (the “Shares”). The per share purchase
price payable by the Purchaser for the Shares shall be equal to the indicative per share public
offering price established by the Underwriter in the Public Offering (the “Purchase Price”).

     2. Closing, Delivery and Payment. (a) Subject to the terms of Section 5 hereof, the
closing of the sale and purchase of the Shares under this Agreement (the “Private Closing”) shall
take place substantially simultaneously with the Closing pursuant to the Underwriting Agreement
(the date of such closing shall be referred to herein as the “Closing Date”).

          (b) At the Private Closing, subject to the terms and conditions hereof, the Company will
deliver to the Purchaser a certificate representing the Shares against payment by or on behalf of
the Purchaser of the aggregate Purchase Price for the Shares by wire transfer to an account
designated by the Company, or by such other means as shall be mutually agreeable to Purchaser and
the Company. The Closing shall take place at the offices of the Company or by mail or email
facilities or such other place or means as the Company and the Purchaser may agree.

     3. Representations and Warranties of the Company. The Company represents and warrants
to the Purchaser that, as of the date hereof, the representations and warranties set forth in the
Underwriting Agreement are true and correct to the extent set forth therein, and

 

 

incorporated by reference in their entirety herein. The Company hereby additionally represents and warrants to
each Purchaser as of the date hereof as follows:

          3.1 Organization, Good Standing and Qualification. The Company is a corporation duly
organized, validly existing and in good standing under the laws of the State of Maryland. The
Company has full power and authority to own and operate its properties and assets, and to carry on
its business as presently conducted. The Company is duly qualified, is authorized to do business
and is in good standing as a foreign corporation in all jurisdictions in which the nature of its
activities and of its properties (both owned and leased) makes such qualification necessary, except
for those jurisdictions, in the aggregate, in which failure to do so would not have a material
adverse effect on the business, financial condition or results of operations of the Company and its
subsidiaries taken as a whole.

          3.2 Authorization; Binding Obligations. All corporate action on the part of the
Company, its officers, directors and stockholders necessary for the authorization, execution and
delivery of this Agreement for the
sale and issuance of the Shares pursuant hereto and for the performance of the Company’s
obligations hereunder and the Registration Rights Agreement of even date herewith (the
“Registration Rights Agreement”) has been taken or will be taken prior to the Private Closing.
Each of this Agreement and the Registration Rights Agreement, when executed and delivered, will be
a valid and binding obligation of the Company enforceable in accordance with its terms, subject to
bankruptcy, insolvency, moratorium, and other laws affecting creditors’ rights generally and
subject further to general principles of equity. At the time of the Closing, the sale of the
Shares will not be subject to any preemptive rights or rights of first refusal that have not been
properly waived or complied with. When issued in compliance with the provisions of this Agreement,
the Shares will be validly issued, fully paid and nonassessable, and will be free of any liens,
claims, encumbrances or other restrictions other than restrictions on transfer under this
Agreement, the Company’s amended and restated Charter, as amended from time to time, and under
state and/or federal securities laws as set forth herein or as otherwise required by such laws at
the time a transfer is proposed or any liens, claims, encumbrances or other restrictions entered
into by the Purchaser.

          3.3 Compliance With Other Instruments. The execution, delivery and performance of and
compliance with this Agreement and the Registration Rights Agreement and the issuance and sale of
the Shares pursuant hereto will not (i) materially conflict with, or result in a material breach or
violation of, or constitute a material default under, or result in the creation or imposition of
any material lien, claim, encumbrance or restriction, (ii) violate, conflict with or result in the
breach of any material terms of, or result in the material modification of, any material contract
or otherwise give any other contracting party the right to terminate a material contract, or
constitute (or with notice or lapse of time both constitute) a material default under any material
contract to which the Company is a party or by or to which it or any of its assets or properties
may be bound or subject or (iii) result in any violation, or be in conflict with or constitute a
default under any term, of its charter or bylaws, which in any such case could reasonably be
expected to have a material adverse effect on the Company, its financial condition or results of
operation.

2

 

     4. Representations and Warranties of the Purchaser.

     The Purchaser hereby represents and warrants to the Company as follows:

          4.1 Requisite Power and Authority. The Purchaser has all necessary power and
authority under all applicable provisions of law to execute and deliver this Agreement and the
Registration Rights Agreement and to carry out the provisions of this Agreement and the
Registration Rights Agreement. All action on the Purchaser’s part required for the lawful
execution and delivery of this Agreement and the Registration Rights Agreement has been or will be
effectively taken prior to the Private Closing. Each of this Agreement and the Registration Rights
Agreement, when executed and delivered, will be a valid and binding obligation of the Purchaser,
enforceable in accordance with its terms, except (i) as limited by applicable bankruptcy,
insolvency, reorganization, moratorium or other laws of general application affecting enforcement
of creditors’ rights and (ii) general principles of equity that restrict the availability of
equitable remedies.

          4.2 Investment Representations. The Purchaser understands that the Shares have not
been registered under the Securities Act. The Purchaser also understands that the Shares are being
offered and sold pursuant to an exemption from registration contained in the Securities Act based
in part upon the Purchaser’s representations and warranties as follows:

               (a) Purchaser is an Accredited Purchaser. The Purchaser represents that the Purchaser
is an “accredited investor” within the meaning of Rule 501(a) of Regulation D under the Securities
Act or a “qualified institutional buyer” within the meaning of Rule 144A(a)(1) under the Securities
Act.

               (b) Purchaser Bears Economic Risk. The Purchaser must bear the economic risk of this
investment indefinitely unless the Shares are registered pursuant to the Securities Act, or an
exemption from registration is available. The Purchaser understands that it will have no
registration rights with respect to its Shares except as set forth in the Registration Rights
Agreement. The Purchaser also understands that there is no assurance that any exemption from
registration under the Securities Act will be available and that, even if available, such
exemption may not allow the Purchaser to transfer all or any portion of its Shares under the
circumstances, in the amounts or at the times the Purchaser might propose.

               (c) Acquisition For Own Account. The Purchaser is acquiring the Shares for the
Purchaser’s own account for investment only, and not with a view towards their distribution within
the meaning of the Securities Act.

               (d) Purchaser Can Protect Its Interests. The Purchaser represents that by reason of
its, or of its management’s, business or financial experience, the Purchaser has the capacity to
evaluate its investment in the Shares and the transactions contemplated in this Agreement. The
Purchaser is not a corporation, trust or partnership specifically formed for the purpose of
consummating these transactions.

3

 

               (e) Company Information. The Purchaser has had an opportunity to discuss the
Company’s business, management and financial affairs with directors, officers and management of the
Company and has had the opportunity to review the Company’s operations and facilities. The
Purchaser has also had the opportunity to ask questions of and receive answers from, the Company
and its management regarding the terms and conditions of this investment.

          4.3 Legends. The certificate representing the Shares may be endorsed with the
following legend:

“The securities represented by this certificate have not been
registered under the Securities Act of 1933, as amended (the “Act”),
and are “restricted securities” as defined in Rule 144 promulgated
under the Act. The securities may not be sold or offered for sale
or otherwise distributed except (i) in conjunction with an effective
registration statement for the shares under the Act, or (ii) in
compliance with Rule 144 or (iii) pursuant to an opinion of counsel
addressed and reasonably acceptable to the corporation that such
registration or compliance is not required as to such sale, offer or
distribution.”

     Except as set forth it the Registration Rights Agreement, the Company need not register a
transfer of any Shares, and may also instruct its transfer agent not to register the transfer of
any Shares, unless the conditions specified in the foregoing legend are satisfied.

          4.4 Removal of Legend and Transfer Restrictions. Any legend endorsed on a certificate
pursuant to subsection 4.3 and the stop transfer instructions with respect to such Shares shall be
removed and the Company shall issue a certificate without such legend to the holder thereof if such
legend may be properly removed under the terms of Rule 144 promulgated under the Securities Act or
if such holder provides the Company with an opinion of counsel for such holder, reasonably
satisfactory to legal counsel for the Company, to the effect that a sale, transfer or assignment of
such Shares may be made without registration.

     5. Conditions to Closing. The Purchaser’s obligation to purchase and the Company’s
obligation to sell the Shares shall be subject to the condition that the Closing under
Underwriting Agreement occur substantially simultaneously therewith.

     6. Rule 144 Reporting.

     With a view to making available to each Purchaser the benefits of certain rules and
regulations of the Commission which may permit the sale of the Shares to the public without
registration, the Company agrees at all times after the Closing to:

               (a) make and keep public information available, as those terms are understood and defined in
Rule 144 under the Securities Act (“Rule 144”);

4

 

               (b) file with the Commission in a timely manner all reports and other documents required of
the Company under the Securities Act and the Securities Exchange Act of 1934, as amended (the
“Exchange Act”); and

               (c) so long as the Purchaser owns any Shares, to furnish to the Purchaser within a reasonable
time upon a written request by the Purchaser, a written statement by the Company as to its
compliance with the reporting requirements of Rule 144 and of the Exchange Act, a copy of the most
recent annual or quarterly report of the Company, and such other reports and documents so filed by
the Company as the Purchaser may reasonably request in complying with any rule or regulation of the
Commission allowing the Purchaser to sell any such securities without registration and shall cause
its counsel promptly to provide appropriate legal opinions to the Company’s transfer agent in
connection with a proper sale of Shares pursuant Rule 144.

          7. Miscellaneous.

          7.1 Governing Law. This Agreement shall be governed in all respects by the laws of
the State of Florida without regard to the principles of conflict of laws thereof that would cause
the laws of another jurisdiction to apply.

          7.2 Survival. The representations, warranties, covenants and agreements made herein
shall survive any investigation made by the Purchaser and the closing of the transactions
contemplated hereby. All statements as to factual matters contained in any certificate or other
instrument delivered by or on behalf of the Company pursuant hereto in connection with the
transactions contemplated hereby shall be deemed to be representations and warranties by the
Company hereunder solely as of the date of such certificate or instrument, except as expressly
provided otherwise in such certificate or instrument.

          7.3 Successors and Assigns. This Agreement and the rights granted hereunder may not
be assigned, sold, transferred, pledged, hypothecated or otherwise disposed. The Company agrees
that Shares may be pledged by the Purchaser to a bona fide third party pledgee, subject to
satisfaction of the conditions specified in the legend set forth in Section 4.3 hereof and the
terms and conditions of any lock up or similar agreement executed by the Purchaser in connection
with the public offering contemplated by the Underwriting Agreement. This Agreement shall be
binding upon and inure to the benefit of the Company, the Purchaser and their respective successors
and permitted assigns.

          7.4 Severability. In case any provision of this Agreement shall be invalid, illegal
or unenforceable, such provision shall, to the extent practicable, be modified so as to make it
valid, legal and enforceable and to maintain as nearly as practicable the intent of the parties,
and the validity, legality and enforceability of the remaining provisions shall not in any way be
affected or impaired thereby.

5

 

          7.5 Amendment and Waiver.

               (a) Any amendment of this Agreement shall only be binding upon the parties hereto executing
such amendment.

               (b) The obligations of the Company and the Purchaser under this Agreement may be waived only
with the written consent of the parties hereto to whom such obligations are owed.

               (c) Except to the extent provided in this Section 7.5, neither this Agreement nor any
provision hereof may be changed, waived, discharged or terminated, except by a statement in writing
signed by the party against which enforcement of the change, waiver, discharge or termination is
sought.

               (d) Any amendment or waiver effected in accordance with this Section 7.5 shall be binding upon
any future holder of some or all of the Shares.

          7.6 Notices. All notices and other communications required or permitted hereunder
shall be in writing and shall be deemed effectively given and received (a) upon personal delivery,
(b) on the fifth day following mailing sent by registered or certified mail, return receipt
requested, postage prepaid, (c) upon confirmed delivery by means of a nationally recognized
overnight courier service or (d) upon confirmed transmission of facsimile addressed: (i) if to the
Purchaser, at the Purchaser’s address as set forth on the signature page hereto, or at such other
address as the Purchaser shall have furnished to the Company in writing or (ii) if to the Company,
at its address as set forth on the signature page hereto, or at such other address as the Company
shall have furnished to Purchaser in writing.

          7.7 Expenses. The Company shall pay all costs and expenses that it incurs with
respect to the negotiation, execution, delivery and performance of this Agreement, and the
Purchaser shall pay all costs and expenses that it incurs with respect to the negotiation,
execution, delivery and performance of this Agreement.

          7.8 Titles and Subtitles. The titles of the paragraphs and subparagraphs of this
Agreement are for convenience of reference only and are not to be considered in construing this
Agreement.

          7.9 Counterparts. This Agreement may be executed in any number of counterparts, each
of which shall be deemed an original, but all of which together shall constitute one instrument and
which may be delivered by telecopy or email.

          7.10 Broker’s Fees. Each party hereto represents and warrants that no agent, broker,
investment banker, person or firm acting on behalf of or under the authority of such party hereto
is or will be entitled to any broker’s or finder’s fee or any other commission directly or
indirectly in connection with the transactions contemplated herein. Each party hereto further
agrees to indemnify each other party for any claims, losses or expenses incurred by such other
party as a result of the representation in this Section 7.10 being untrue.

6

 

          7.11 Termination. This Agreement shall terminate upon any valid termination of the
Underwriting Agreement.

          7.12 Subsequent, Consents, Permits and Waivers. The Company shall obtain promptly
after any Closing all authorizations, approvals, consents, permits and waivers that are necessary
or applicable for consummation of the transactions contemplated by this Agreement and that were not
obtained prior to such Closing because they may be properly obtained subsequent to such Closing.

[Signature Page Follows]

7

 

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date set forth
in the first paragraph hereof.

	 	 	 	 	 
	 	Company:

Equity One, Inc.

 	 
	 	By:  	/s/ Arthur L. Gallagher
 	 
	 	 	Name:  	Arthur L. Gallagher 	 
	 	 	Title:  	Executive Vice President, General

Counsel and Secretary 	 
	 
	 	Address:

1600 NE Miami Gardens Drive

North Miami Beach, Florida 33179

 	 
	 
	 	Purchaser:

MGN America LLC

 	 
	 	By:  	/s/ Chaim Katzman
 	 
	 	 	Name:  	Chaim Katzman 	 
	 	 	 	 
	 	 	 
	 	By:  	                                                       /s/ Sean Kanov
 	 
	 	 	Name:  	Sean Kanov 	 
	 	 	 	 
	 
	 	Its Managers

 	 
	 	Address:

1696 NE Miami Gardens Drive

North Miami Beach, Florida 33179

 	 
	 	 	 
	 	 	 
	 	 	 
	 

8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}]]