Document:

exv10w1

	 	 	 	 	 

	     

	 	FIRST POTOMAC REALTY TRUST
	 	Exhibit 10.1

RESTRICTED STOCK AGREEMENT

     This RESTRICTED STOCK AGREEMENT, is entered into on February 22, 2011 (the “Agreement”), by
and between, First Potomac Realty Trust, a Maryland real estate investment trust (the “Company”),
and _______________ (the “Recipient”). Capitalized terms used but not otherwise defined in this
Agreement shall have the respective meanings set forth in the First Potomac Realty Trust 2009
Equity Compensation Plan, as amended (the “Plan”).

     WHEREAS, on February 22, 2011 (the “Date of Grant”), the Compensation Committee (the
“Committee”) of the Board of Trustees (the “Board”) of the Company approved the grant, as of
February 22, 2011, of a Restricted Stock Award, pursuant to which the Recipient shall receive
shares of the Company’s Class A Common Stock, par value $.01 per share (“Common Stock”), pursuant
to and subject to the terms and conditions of the Plan.

     NOW, THEREFORE, in consideration of the Recipient’s services to the Company and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:

     1. Number of Shares; Restrictions. The Company hereby grants the Recipient a
Restricted Stock Award (the “Stock Award”) of __________ shares of Common Stock (the “Restricted
Shares”) pursuant to the terms of this Agreement and the provisions of the Plan. The Restricted
Shares may not be sold, assigned, transferred, pledge, hypothecated or otherwise disposed of and
shall be subject to a risk of forfeiture until the lapse of the Restricted Period, as defined in
Section 2 below.

     2. Lapse of Restrictions; Restricted Period. Except as otherwise provided in the
Recipient’s Employment Agreement with the Company, the restrictions set forth in Section 1 above
shall lapse and a portion of the Restricted Shares shall become unrestricted and freely tradable as
follows: (i) 20% of the Restricted Shares on February 22, 2012; (ii) 20% of the Restricted Shares
on February 22, 2013; (iii) 20% of the Restricted Shares on February 22, 2014; (iv) 20% of the
Restricted Shares on February 22, 2015; and (vi) 20% of the Restricted Shares on February 22, 2016.

     3. Change of Control. The provisions of the Plan applicable to a Change of Control
shall apply to the Restricted Stock, and in the event of a Change of Control, the Committee may
take such actions as it deems appropriate pursuant to the Plan. Notwithstanding the preceding
sentence, if a Change of Control occurs, all of the Restricted Stock shall become immediately
unrestricted and freely transferable by the Recipient on the date of the Change of Control.

 

 

     4. Rights of Stockholder. From and after the Date of Grant and for so long as the
Restricted Stock is held by or for the benefit of the Recipient, the Recipient shall have all the
rights of a stockholder of the Company with respect to the Restricted Stock, including but not
limited to the right to receive dividends and the right to vote such Restricted Stock. Dividends
paid on Restricted Stock shall be paid at the dividend payment date for the Common Stock in cash or
shares of Common Stock. Stock distributed in connection with a Common Stock split or Common Stock
dividend shall be subject to restrictions and a risk of forfeiture to the same extent as the
Restricted Stock with respect to which such Common Stock has been distributed.

     5. Termination of Employment. Except as otherwise provided in the Recipient’s
Employment Agreement with the Company, in the event that Recipient ceases to be employed by the
Company for any reason prior to the lapse of the Restricted Period, then the Restricted Stock and
any accrued but unpaid dividends that are at that time subject to restrictions set forth herein
shall be forfeited to the Company without payment of any consideration by the Company, and neither
the Recipient or any of his or her successors, heirs, assigns, or personal representatives shall
thereafter have any further rights or interests in such shares of Restricted Stock or certificates.

     6. Miscellaneous.

     (a) Entire Agreement. The Recipient’s Employment Agreement with the Company, this
Agreement and the Plan contain the entire understanding and agreement of the Company and the
Recipient concerning the subject matter hereof, and supersede all earlier negotiations and
understandings, written or oral, between the parties with respect thereto.

     (b) Conflicting Provisions. This Agreement is made under and subject to the
provisions of the Plan, and all of the provisions of the Plan are hereby incorporated by reference
into this Agreement. In the event of any conflict between the provisions of this Agreement and the
provisions of the Plan, the provisions of the Plan shall govern. By signing this Agreement, the
Recipient confirms that he or she has received a copy of the Plan and has had an opportunity to
review the contents thereof. Notwithstanding anything in this Section 6(b) to the contrary, the
provisions of the Recipient’s Employment Agreement with the Company shall supersede any provisions
of the Plan and this Agreement.

     (c) No Guarantee of Continued Service. The Recipient acknowledges and agrees that
nothing herein shall be deemed to create any implication concerning the adequacy of the
Recipient’s services to the Company or any of its subsidiaries or shall be construed as an
agreement by the Company or any of its subsidiaries, express or implied, to employ the Recipient
or contract for the Recipient’s services, to restrict the right of the Company or any of its
subsidiaries to discharge the Recipient or cease contracting for the Recipient’s services or to
modify, extend or otherwise affect in any manner whatsoever, the terms of any employment agreement
or contract for services that may exist between the Recipient and the Company or any of its
subsidiaries.

     (d) Assignment and Transfer. Except as the Committee may otherwise permit pursuant to
the Plan, the rights and interests of the Recipient under this Agreement may not be sold, assigned,
encumbered, pledged, or otherwise transferred except in the event of the death of the Recipient, by
will or by the laws of descent and distribution. In the event of any attempt by the Recipient to
sell, assign,

 

 

encumber, pledge or otherwise transfer its rights and interests hereunder, except as provided
in this Agreement, or in the event of the levy or any attachment, execution or similar process upon
the rights or interests hereby conferred, the Company may terminate the Restricted Shares by notice
to the Recipient, and the Restricted Stock and all rights hereunder shall thereupon become null and
void. The rights and protections of the Company hereunder shall extend to any successors or
assigns of the Company. This Agreement may be assigned by the Company without the Recipient’s
consent.

     (e) Withholding
of Taxes. Upon a portion or all of the Restricted Shares becoming
unrestricted, Recipient may elect to satisfy the Company's tax
withholding obligations by having shares withheld up to an amount that
does not exceed the Recipient's minimum applicable withholding tax
rate for federal (including FICA), state and local liabilities.

     (f) Captions. The captions and section numbers appearing in this Agreement are
inserted only as a matter of convenience. They do not define, limit, construe or describe the
scope or intent of the provisions of this Agreement.

     (g) Counterparts. This Agreement may be executed in counterparts, each of which
when signed by the Company or the Recipient will be deemed an original and all of which together
will be deemed the same agreement.

     (h) Notices. Any notice to the Company provided for in this Agreement shall be
addressed to the Company in care of the General Counsel at the headquarters of the Company, and
any notice to the Recipient shall be addressed to the Recipient at the current address shown on
the payroll of the Company, or such other address as the Recipient may designate to the Company in
writing pursuant to the procedures of this Section 6(g). Any notice shall be given by personal
delivery, by first class U.S. Mail, or by facsimile.

     (i) Amendments. Subject to the provisions of the Plan, this Agreement may be amended
or modified at any time by an instrument in writing signed by the parties hereto.

     (j) Governing Law. This Agreement and the rights of all persons claiming hereunder
will be construed and determined in accordance with the laws of the State of Maryland without
giving effect to the choice of law principles thereof.

     IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above
written.

	 	 	 

	 

	 	FIRST POTOMAC REALTY TRUST
	 
	 	 
	Attest:
	 	 
	 
	 	 
	 

	 	By:
	 
	 	 
	 

	 	RECIPIENT
	 
	 	 
	 

	 	NameExhibit 10.7

Exhibit 10.7

FIRST AMENDMENT TO OFFICE LEASE

This First Amendment to Office Lease (this “First Amendment”) is made and entered into by and
between K/B FUND IV, a Delaware general partnership (“Landlord”), and DIGITALGLOBE, INC., a
Delaware corporation (“Tenant”), dated effective as of September 10, 2004 (the “Effective Date”).

WITNESSETH:

WHEREAS, Landlord and Tenant executed and entered into that certain Office Lease dated
March 19, 2004 (the “Lease”), pursuant to which Tenant leases certain premises containing
approximately 153,988 square feet of office space and approximately 31,278 square feet of storage
space in the building commonly known as Boulder County Business Center located at 1601 Dry Creek
Drive, Longmont, Colorado 80503; and

WHEREAS, Landlord and Tenant desire to amend the Lease as more particularly described
hereinbelow;

NOW, THEREFORE, for and in consideration of the premises contained herein, and other good and
valuable consideration, the receipt and sufficiency of all of which is hereby acknowledged,
Landlord and Tenant agree that the Lease is hereby ratified and amended as follows:

1. Defined Terms. All capitalized terms used herein shall have the same meaning as
defined in the Lease, unless otherwise defined in this First Amendment.

2. Amendments to Addendum Two and Addendum Three.

	 	(a)	 	Landlord and Tenant hereby agree that, except as otherwise provided in the
second grammatical paragraph of Paragraph (b) of Exhibit B attached to the
Lease, Addendum Two attached to the Lease is hereby amended to provide that (i)
in no event shall Landlord have any obligation to disburse or deliver to Tenant any
portion of the First Additional TI Allowance prior to the first day of the thirty-sixth
(36th) month of the Initial Term, and (ii) in no event shall Landlord be
obligated to provide Tenant with (and Tenant shall not be entitled to) any portion of
the First Additional TI Allowance if, on the first day of the thirty-sixth
(36th) month of the Initial Term, (i) Tenant is not the Tenant originally
named in the Lease, (ii) Tenant actually occupies at less than 50% of the Premises
initially demised under this Lease and any space added to the Premises, and (iii) an
Event of Default exists or would exist but for the passage of time or the giving of
notice, or both.

	 	(b)	 	Landlord and Tenant hereby agree that, except as otherwise provided in the
second grammatical paragraph of Paragraph (b) of Exhibit B attached to the
Lease, Addendum Three attached to the Lease is hereby amended to provide that
(i) in no event shall Landlord have any obligation to disburse or deliver to Tenant

 

 

 

	 	 	 	any portion of the Second Additional TI Allowance prior to the first day of the
forty-eighth (48th) month of the Initial Term, and (ii) in no event shall
Landlord be obligated to provide Tenant with (and Tenant shall not be entitled to)
any portion of the Second Additional TI Allowance if, on the first day of the
forty-eighth (48th) month of the Initial Term, (i) Tenant is not the
Tenant originally named in the Lease, (ii) Tenant actually occupies less than 50% of
the Premises initially demised under this Lease and any space added to the Premises,
and (iii) an Event of Default exists or would exist but for the passage of time or
the giving of notice, or both.

3. Miscellaneous. With the exception of those terms and conditions specifically
modified and amended herein, the herein referenced Lease shall remain in full force and effect in
accordance with all its terms and conditions. In the event of any conflict between the terms and
provisions of this First Amendment and the terms and provisions of the Lease, the terms and
provisions of this First Amendment shall supersede and control.

4. Counterparts/Facsimile. This First Amendment may be executed in any number of
counterparts, each of which shall be deemed an original, and all of such counterparts shall
constitute one agreement. To facilitate execution of this First Amendment, the parties may
execute and exchange facsimile counterparts of the signature pages and facsimile counterparts shall
serve as originals.

[SIGNATURES ON FOLLOWING PAGE]

 

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SIGNATURE PAGE TO FIRST AMENDMENT TO OFFICE LEASE

BY AND BETWEEN

K/B FUND IV, AS LANDLORD 

AND 
DIGITALGLOBE, INC., AS TENANT

IN WITNESS WHEREOF, Landlord and Tenant, acting herein by duly authorized individuals, have
caused these presents to be executed as of the Effective Date set forth herein.

	 	 	 	 	 	 	 	 	 
	 	 	LANDLORD:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	K/B FUND IV, a Delaware general partnership	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	Koll Bren Schreiber Realty Advisors, Inc., a Delaware corporation, as agent	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	/s/ Steve Jarecki	 	 
	 

	 	 	 	 	 	 

Name: Steve Jarecki
	 	 
	 

	 	 	 	 	 	Title: Sr. VP	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	Date: Sept. 10, 2004	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	TENANT:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	DIGITALGLOBE, INC., a Delaware corporation	 	 
	 
	 
	 

	 	By:	 	/s/ Shawn Thompson 
	 	 
	 	 	 	 	Name: Shawn Thompson	 	 
	 	 	 	 	Title: Associate General Counsel	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Date: Sept. 10, 2004	 	 

 

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