Document:

CONSULTING
AGREEMENT

         

        This
consulting agreement (this “Agreement”) is made the 16th day of
August 2010 by and between Awesome Living, Inc. Corporation (the “Company”) and
Fred E. Tannous (the “Consultant”).

        

        RECITALS

        

        WHEREAS, the Company wishes to
engage the Consultant with respect to certain aspects of its
business;

        

        WHEREAS, the Consultant is
willing to make available to the Company the consulting services provided for in
the Agreement as set forth below;

        

        AGREEMENT

        

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

         

        
          	
                        
                          
                      1.

                    

                  

                	
                  TERM

                

        The term
of this Agreement shall commence on August 16, 2010 and end on September 15,
2010.  The term of this Agreement may be extended upon mutual
agreement between the Company and Consultant.

        

        
          	
                        
                          
                      2.

                    

                  

                	
                  CONSULTING
      SERVICES

                

        (a)           Services.  Developing
the corporate identity of the Company, which includes, but not limited to the
logo, website, business cards, brochures, letterhead and envelopes, presentation
folders, and other marketing materials; preparing a business plan and investor
presentation; and providing administrative and organizational services on
certain matters relating to corporate governance and Board minutes, stock
issuances and shareholder ledger updates, coordination with the transfer agents,
auditors and attorneys for the purpose of providing requested documentation and
other administrative tasks reasonably requested during the Term, as
needed.

        

        (b)           Compensation.  In
consideration of the consulting services set forth in paragraph 2 (a), and
subject to the terms and conditions set forth herein the Company hereby agrees
to pay Consultant a consulting fee of $40,000.  The consulting fee
shall be payable in cash or shares of the Company’s restricted common
stock.  In the case that stock is issued as full or partial payment,
the amount of the payment which is made in stock shall be grossed up to equal
two times the cash amount.

        

        
          	
                        
                    3.

                  

                	
                  CONFIDENTIAL
      INFORMATION

                

        

        

        (a)           Confidential
Information.  In connection with the providing of Consulting
Services, hereunder, the Company may provide the Consultant with information
concerning the Company which the Company deems confidential (the “Confidential
Information”).  The Consultant understands and agrees that any
Confidential Information disclosed pursuant to this Agreement is secret,
proprietary and of great value to the Company, which value may be impaired if
the secrecy of such information is not maintained.  The Consultant
further agrees that it will take reasonable security measures to preserve and
protect the secrecy of such Confidential Information, and to hold such
information in confidence and not to disclose such information, either directly
or indirectly to any person or entity during the term of this agreement or any
time following the expiration or termination hereof; provided, however, that the
Consultant may disclose the Confidential Information to an assistant to whom
disclosure is necessary for the providing of services under this
agreement.

        

        (b)           Exclusions.  For
purposes of this paragraph 3, the term Confidential Information shall not
include Information which (i) becomes generally available to the public other
than as a result of a disclosure by the Consultant or his assistants, agents or
advisors, or (ii) becomes available on a non-confidential basis to the
Consultant from a source other than the Company or its advisors, provided that
such source is not known to the Consultant to be bound by a Confidentiality
agreement with or other obligation of secrecy to the Company or another
party.

         

        
          
             

          

          
             

            
              

            

          

          
             

          

        

        (c)           Government
Order.  Notwithstanding anything to the contrary in this
Agreement, the Consultant shall not be precluded from disclosing any of the
Confidential Information pursuant to a valid order of any governmental or
regulatory authority, or pursuant to the order of any court or
arbitrator.

        

        (d)           Injunctive
Relief.  The Consultant agrees that, since a violation of this
paragraph 3 would cause irreparable injury to the Company, and that there may
not be an adequate remedy at law for such violation, the Company shall have the
right in addition to any other remedies available at law or in equity, to enjoin
the Consultant in a court of equity for violating the provisions of this
paragraph 3.

         

        
          	
                  4.  

                	
                  REPRESENTATION
      AND WARRANTIES OF THE COMPANY

                

        

         

        The
Company hereby represents and warrants to the Consultant that as of the date
hereof:

        

        (a)           Existence and
Authority.  The Company is a corporation duly organized and
validly existing in good standing under the laws of its jurisdiction of
incorporation and has full power and authority to own its respective property,
carry on its respective business as now being conducted, and enter into and
perform its obligations under this Agreement and to issue and deliver the Shares
to be issued by it hereunder.  The Company is duly qualified as a
jurisdiction in which it is necessary to be so qualified to transact business as
currently conducted.  This Agreement, has been duly authorized by all
necessary corporate action, executed, and delivered by the Company, and
constitutes the legal, valid and binding obligation of the Company, enforceable
against the Company in accordance with its terms subject to applicable
bankruptcy, insolvency, reorganization, moratorium or other similar laws
relating to or affecting  the rights of creditors generally and to
general principals of equity.

        

        (b)           Authorization of
Agreement.  The Company has taken all actions and obtained all
consents or approvals necessary to authorize it to enter into this
Agreement.

        

        (c)           No
Violation.  Neither the execution or delivery of this
Agreement, performance by the Company of its obligations under this Agreement,
nor the consummation of the transactions contemplated hereby will conflict with,
violate, constitute a breach of or a default (with the passage of time or
otherwise) under, require the consent or approval of or filing with any person
(other than consent and approvals which have been obtained and filings which
have been made) under, or result in the imposition of a lien on or security
interest in any properties or assets of the Company, pursuant to the charter or
bylaws of the Company, any award of any arbitrator or any agreement (including
any agreement with stockholders), instruments, order, judgment, decree, statute,
law, rule or regulation to which the Company is a party or to which any such
person or any of their respective properties or assets is subject.

        

        
          	
                  5.

                	
                  FILINGS

                

        

        

        The
Company shall furnish to the Consultant, promptly after the sending or filing
thereof, copies of all reports which the Company sends to its equity security
holders generally, and copies of all reports and registration statements which
the Company files with the Securities and Exchange Commission (the
“Commission”), any other securities exchange or the Financial Industry
Regulatory Authority (“FINRA”).

        

        
          	
                  6.

                	
                  SUPPLYING
      INFORMATION

                

        

        

        The
Company shall cooperate with the Consultant in supplying such publicly available
information as may be reasonably necessary for the Consultant to complete and
file any information reporting forms.

        

        
          	
                  7.

                	
                  INDEMNIFICATION

                

        

        

        (a)           The
Company shall indemnify the Consultant from and against any and all expenses
(including attorneys’ fees), judgments, fines, claims, causes of action,
liabilities and other amounts paid (whether in settlement or otherwise actually
and reasonably incurred) by the Consultant in connection with such action, suit
or proceeding if (i) the Consultant was made a party to any action, suit or
proceeding by reason of the fact that the Consultant rendered advice or services
pursuant to this Agreement, and (ii) the Consultant acted in good faith and in a
manner reasonably believed by the Consultant to be in or not opposed to the
interests of the Company, and with respect to any criminal action or proceeding,
had no reasonable cause or believe his conduct was unlawful. The termination of
any action, suit or proceeding by judgment, order, settlement, conviction, or
upon a plea of nolo contendere or its equivalent, shall not, of itself, create a
presumption that the Consultant did not act in good faith in or not opposed to
the best interests of the Company, and, with respect to any criminal action or
proceeding, had reasonable cause to believe that his conduct was
unlawful.  Notwithstanding the foregoing, the Company shall not
indemnify the Consultant with respect to any claim, issue or matter as to which
the Consultant shall have been adjudged to be liable for gross negligence or
willful misconduct in the performance or other duties pursuant to this Agreement
unless and only to the extent that the court in which such action or suit was
brought shall determine upon application that, despite the adjunction of
liability, but in view of all the circumstances of the case, the Consultant is
fairly and reasonably entitled to indemnity for such expenses which such court
shall deem proper.

         

        
          
             

          

          
            -2-

            
              

            

          

          
             

          

        

        (b)           The
Consultant shall indemnify the Company from and against any and all expenses
(including attorney’ s fees), judgments, fines, claims, causes of action,
liabilities and other amounts paid (whether in settlement or otherwise actually
and reasonably incurred) by the Company in connection with such action, suit or
proceeding if (i) the Company was made a party to any action, suit or proceeding
by reason of the fact that the Consultant rendered advice or services pursuant
to this Agreement, and (ii) the Consultant did not act in good faith and in a
manner reasonably believed by the Consultant to be in or not opposed to the
interests of the Company, and with respect to any criminal action or proceeding,
did not reasonably believe his conduct was unlawful.  Notwithstanding
the foregoing, the Consultant shall not indemnify the Company with respect to
any claim, issue or matter as to which the Company shall have been adjudged to
be liable for gross negligence or willful misconduct in connection with the
performance of the Consultant’s duties pursuant to this Agreement unless and
only to the extent that the court on which such action or suit was brought shall
determine upon application that, despite the adjunction of liability, but in
view of all circumstances of the case, the Company is fairly and reasonably
entitled to indemnity for such expenses which such court shall deem
proper.

        

        
          	
                  8.

                	
                  INDEPENDENT
      CONTRACTOR STATUS

                

        

        

        It is
expressly understood and agreed that this is a consulting agreement only and
does not constitute an employer-employee relationship.  Accordingly,
the Consultant agrees that the Consultant shall be solely responsible for
payment of his own taxes or sums due to the federal, state, or local
governments, overhead, workmen’s compensation, fringe benefits, pension
contributions and other expenses.  It is further understood and agreed
that the Consultant is an independent contractor and the Company shall have no
right to control the activities of the Consultant other than during the express
period of time in which the Consultant is performing services hereunder, and
that such services provided hereunder and not because of any presumed
employer-employee relationship.  The Consultant shall have no
authority to bind the Company.

        

        The
parties further acknowledge that the Company’s services hereunder are not
exclusive, but that the Consultant shall be performing services and undertaking
other responsibilities, for and with other entities or persons, which may
directly or indirectly compete with the Company.  Accordingly, the
services of the Consultant hereunder are on a part time basis only, and the
Company shall have no discretion, control of, or interest in, the Consultant’s
services which are not covered by the terms of the Agreement.  The
Company hereby waives any conflict of interest which now exists or may hereafter
arise with respect to Consultant’s current employment and future
employment.

        

        
          	
                  9.

                	
                  NOTICE

                

        

        

        All
notices provided by this Agreement shall be in writing and shall be given by
facsimile transmission, overnight courier, by registered mail or by personal
delivery, by one party to the other, addressed to such other
party.  Notice shall be deemed properly given on the date of the
delivery.

        

        
          	
                  10.

                	
                  MISCELLANEOUS

                

        

        

        (a)           Waiver.  Any
term or provision of this Agreement may be waived at any time by the party
entitled to the benefit thereof by a written instrument duly executed by such
party.

        

        (b)           Entire
Agreement.  This Agreement contains the entire understanding
between the parties hereto with respect to the transactions contemplated hereby,
and may not be amended, modified, or altered except by an instrument in writing
signed by the party against whom such amendment, modification, or alteration is
sought to be enforced.  This Agreement supercedes and replaces all
other agreements between the parties with respect to any services to be
performed by the Consultant of behalf of the Company.

         

        
          
             

          

          
            -3-

            
              

            

          

          
             

          

        

        (c)           Governing
Law.  This Agreement shall be construed and interpreted in
accordance with the laws of the State of California.

        

        (d)           Binding
Effect.  This Agreement shall bind and inure to the benefit of
the parties hereto and their respective heirs, executors, administrators,
successors and assigns.

        

        (e)           Construction.  The
captions and headings contained herein are inserted for convenient reference
only, are not a part hereof and the same shall not limit or construe the
provisions to which they apply.  Reference in this agreement to
“paragraphs” is to the paragraphs in this Agreement, unless otherwise
noted.

        

        (f)           Expenses.  Each
party shall pay and be responsible for the cost and expenses, including, without
limitation, attorney’s fees, incurred by such party in connection with
negotiation, preparation and execution of this Agreement and the transactions
contemplated hereby.

        

        (g)           Assignment.  No
party hereto may assign any of its rights or delegate any of its obligations
under this Agreement without the express written consent of the other party
hereto.

        

        (h)           No Rights to
Others.  Nothing herein contained or implied is intended or
shall be construed to confer upon or give to any person, firm or corporation,
other than the parties hereto.

        

        (i)           Counterparts.  This
Agreement may be executed simultaneously in two counterparts, each of which
shall be deemed an original, but both of which together shall constitute one and
the same agreement, binding upon both parties hereto, notwithstanding that both
parties are not signatories to the original or the same
counterpart.

        

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

         

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  	
                                                          AGREED
      AND ACCEPTED:

                                                        
	 
      	 
      	 
      
	
                                                          COMPANY

                                                        
	
                                                          Awesome
      Living, Inc.

                                                        
	 
      	 
      	 
      
	
                                                            

                                                        	 
      
	
                                                          By:

                                                        	
                                                          Bill
      Glaser

                                                        
	
                                                          Its:

                                                        	
                                                          CEO

                                                        
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                                                          AGREED
      AND ACCEPTED:

                                                        
	
                                                          CONSULTANT

                                                        
	 
      	 
      	 
      
	
                                                            

                                                        	 
      
	
                                                          By:

                                                        	
                                                          Fred
      E. Tannous

                                                        
	 
      	
                                                          An
      individual

                                                        

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
         

      

      
        -4-Unassociated Document

    FORM
OF

    PERFORMANCE
AWARDS AGREEMENT –

    ONE
LIBERTY PROPERTIES, INC. AND

    ____________________

    

    

    THIS AGREEMENT,is made and entered
into on _______, 2010 between One Liberty Properties, Inc., a Maryland
corporation (“Company”), and ___________, (“Participant”).

    

    WHEREAS, the Company has established
the One Liberty Properties, Inc. 2009 Incentive Plan (“Plan”);

    

    WHEREAS, the Compensation Committee
of the Board of Directors (“Committee”) and the Board of Directors has
determined to grant,pursuant to Section 8 of the Plan,Performance Awards in the
form of restricted stock units (“Units”) to the Participant payable upon the
attainment by the Company during the Performance Cycle of the Performance
Criteria established by the Committee as set forth in Exhibit A hereto and
made part hereof;

    

    WHEREAS, it is intended that this
award qualify as performance based compensation for the purposes of Section
162(m) of the Code.

    

    NOW THEREFORE, the parties hereby
agree as follows:

    

    
      	
               
      

            	
              1.

            	
              Definitions.Unless
      otherwise defined herein, all terms that are used herein that are defined
      in the Plan shall have the meanings given to such terms in the
      Plan.

            

    

    

    
      	
               
      

            	
              2.

            	
              Administration.  The
      Performance Awards shall be administered by the Committee with the powers
      and authority set forth in the
Plan.

            

    

    

    
      	
               
      

            	
              3.

            	
              Grant
      Date.  Pursuant to the Plan, the Company on
      ____  __, 2010 (the “Grant Date”) granted to the Participant a
      Performance Based Award in the form of ________ Units, subject to the
      terms and conditions of the Plan and subject to the terms and conditions
      set forth herein.

            

    

    

    
      	
               
      

            	
              4.

            	
              Accounts.Units
      granted to Participant shall be credited to an account (the “Account”)
      established and maintained for Participant by the Company.  A
      Participant’s Account shall be the record of Units granted to the
      Participant under the Plan, is solely for accounting purposes and shall
      not require a segregation of any Company
assets.

            

    

    

    
      	
               
      

            	
              5.

            	
              Terms and
      Conditions.  Except as otherwise provided herein, the
      Units shall remain non-vested and subject to substantial risk of
      forfeiture. If the Participant’s employment with the Company terminates
      for any reason during the Performance Cycle (other than as contemplated by
      Section 7), the Units shall be forfeited by the Participant and shall be
      null and void.

            

    

    

    
      	
               
      

            	
              6.

            	
              Issuance of
      Shares.As soon as practicable after the Units become vested and
      non-forfeitable, the Participant will be entitled to receive one share
      (the “Share” or “Shares”) of Company common stock for each vested
      Unit.  In the event that a fraction of a Share would be issued,
      the number of Shares to be issued shall be rounded to the nearest whole
      share.

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    
      	
               
      

            	
              7.

            	
              Vesting.The
      Units awarded to the Participant shall, except as otherwise provided
      herein,become vested and non-forfeitable to the extent, but only to the
      extent, that the applicable Performance Criteria set forth in Exhibit A have
      been satisfied at the end of the Performance Cycle (the “Vesting
      Date”).    Notwithstanding the forfeiture provision of
      Section 5 hereof, the interest of the Participant in the Units shall vest
      as follows:

            

    

    

    (a)           a
pro rata number of Units upon termination of the Participant’s employment due to
death, Disability or Retirement (collectively a “DDR Event”) during the
Performance Cycle, but only with respect to Units that would otherwise have
vested at the end of the Performance Cycle.  For the purposes of this
Section 7(a), the pro rata number of Units that shall vest shall equal the
product obtained by multiplying the total number of Units awarded pursuant to
this Agreement by a fraction, the numerator of which is the number of days
commencing July 1, 2010 and ending on the date of the DDR Event and the
denominator of which is the total number of days in the Performance
Cycle.

    

    (b)           All
of the Units shall vest upon a Change of Control if the effective date thereof
is after June 30, 2015.  If the effective date of the Change of
Control shall occur prior to or on June 30, 2015, a pro rata number of Units
shall vest upon such Change of Control.  For the purposes of this
Section 7(b), the pro rata number of Units that vest shall equal the product
obtained by multiplying the total number of Units awarded pursuant to this
Agreement by a fraction, the numerator of which is the number of days commencing
on July 1, 2010 and ending on the effective date of the Change of Control and
the denominator of which is the total number of days in the period commencing
July 1, 2010 and ending June 30, 2015.

    

    (c)           If
a Participant’s employment terminates due to a DDR Event and subsequent thereto
there is a Change of Control,then notwithstanding anything to the contrary
herein, the pro rata number of Units which shall vest and the number of Shares
which shall be issuable to the Participant, the Participant’s guardian, personal
representative or Estate on a Change of Control shall be equal to the product
obtained by multiplying the total number of Units which would have vested for
the Participant pursuant to Section 7(b) but for the DDR Event by a fraction,
the numerator of which is the number of days commencing July 1, 2010 and ending
on the date of the DDR Event and the denominator of which is the total number of
days in the period commencing on July 1, 2010 and ending on the effective date
of the Change of Control.

       

    
      	 	

              8.

            	

              

                Restrictions. 
      The Units awarded pursuant to this Agreement may not be sold, pledged or
      otherwise transferred and may not be subject to lien, garnishment,
      attachment or other legal
process.

              

            

    

     

    
      	
               
      

            	
              9.

            	
              Dividends. 
      Notwithstanding Section 5.3 of the Plan to the contrary, if at any time
      during the period between the date hereof and the date that the Units
      vest, the Company shall pay a dividend in cash,Shares or otherwise,the
      Participant shall not be entitled to receive any such dividend paid with
      respect to the Shares underlying the
Units.

            

    

    

    
      	
               
      

            	
              10.

            	
              Payment in the Event
      of Disability.  In the event of the Disability of the
      Participant, the Shares underlying Units which have vested and are
      issuable pursuant to this Agreement shall be paid to the Participant if
      Participant is legally competent or to a legally designated guardian or
      representative if the Participant is not legally
  competent.

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    
      	
               
      

            	
              11.

            	
              Death of
      Employee.  In the event of the Participant’s death, the Shares
      underlying the Units which have vested and are issuable pursuant to this
      Agreement shall be paid to the Participant’s estate, personal
      representative,or designated
beneficiary.

            

    

    

    
      	
               
      

            	
              12.

            	
              Taxes. 
      The Participant shall be liable for any and all taxes, including
      withholding taxes, arising out of this grant,the vesting of Units and the
      issuance of Shares hereunder.  In accordance with Section 10 of
      the Plan, the Participant may elect to satisfy such withholding tax
      obligation by having the Company retain Shares or delivering Shares then
      owned by a Participant having a Fair Market Value equal to the Company’s
      minimum withholding obligation.

            

    

    

    
      	
               
      

            	
              13.

            	
              Claw-back.  In
      the event that the Company has or is required to file a Current Report on
      Form 8-K pursuant to Item 4.02 thereof (or subsequent similar
      requirement)(a “Restatement 8-K”) prior to or on the third anniversary of
      the Vesting Date and as a result of the restatement contemplated by the
      Restatement 8-K, one or more of the Performance Criteria set forth herein
      would not have been satisfied, the Non-Entitled Shares (as defined) shall
      be redeemed by the Company for an aggregate consideration of $1.00 and the
      Participant or his guardian, representative, estate or beneficiary shall
      immediately deliver the applicable stock certificate or certificates
      representing the Non-Entitled Shares to the Company and execute any and
      all documents to transfer the Non-Entitled Shares back to the
      Company.  The term “Non-Entitled Shares” means the Shares that,
      after giving effect to the restatement contemplated by the Restatement
      8-K, would not have been issued because the Performance Criteria pursuant
      to which such Shares were issued were not satisfied or were satisfied at a
      different Performance Criteria
threshold.

            

    

    

    
      	
               
      

            	
              14.

            	
              Post-Vesting
      Restrictions on Transferability - In the event all or some of the
      Units vest and Shares are issued,fifty percent (50%) of the issued Shares
      may not be sold, transferred, pledged, hypothecated or otherwise disposed
      of until the third anniversary of the Vesting Date.The foregoing
      restriction shall not be applicable to, and shall lapse, upon a DDR Event
      or a Change of Control.

            

    

    

    
      	
               
      

            	
              15.

            	
              Miscellaneous

            

    

     

    (a)           All
Units credited to the Participant’s Account under this Agreement shall continue
for all purposes to be a part of the general assets of the Company.

    

    (b)           Neither
this Agreement nor the granting or vesting of Units shall confer upon the
Participant any right to continue in the employ of the Company or an affiliate,
nor shall it interfere in any way with the right of the Company or an affiliate
to terminate Participant’s employment at any time.

    

    (c)           The
parties agree to execute such further documents and instruments and to take such
action as may reasonably be necessary to carry out the intent of this Agreement,
including without limitation the imposition of appropriate legends on the Shares
and the issuance of “stop transfer” orders to implement the restrictions imposed
herein, including the limitations imposed pursuant to Sections 13 and 14
hereof.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    (d)           This
Award shall be governed by the laws of the State of Maryland (without regard to
its choice of law principles) and applicable Federal law.

    

    (e)           Except
as otherwise provided herein, in any event of any conflict between the
provisions of the Plan as in effect on the Grant Date and the provisions of this
Award, the provisions of the Plan shall govern.  All references herein
to the Plan shall mean the Plan as in effect on the Grant Date.

    

    

    ONE
LIBERTY PROPERTIES, INC.

       

    By:
_________________________

       

    ____________________________

    Signature
of Participant

       

    ____________________________

    Name of
Participant

    

    

    

    (10/olp/PERFORMANCEAWARDSAGREEMENTSEPT7)

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
A

    

    PERFORMANCE
CRITERIA

    

    The
number of Restricted Stock Units (“Units”) that shall vest, if any, will be
determined by the Compensation Committee as soon as practicable after the
completion of a seven year Performance Cycle, (which shall commence July 1, 2010
and June 30, 2017) using the following Performance Criteria:

    

    Return on
Capital:  One-half of the awarded Units, or an aggregate of _________
Units, are subject to an average annualized return on capital metric for the
period from July 1, 2010 – June 30, 2017.  In order for all of the
Units subject to the return on capital metric to vest and for the underlying
______ shares of the Company’s common stock be issued to the Participant, the
average annualized return on capital for the seven year Performance Cycle must
be at least 10%.  In order for a portion of these Units to vest and
for underlying shares of the Company’s common stock to be issued with respect to
the Units which vest, the average annualized return on capital for the
Performance Cycle must exceed 8%.  If the average annualized return
exceeds 8%, but is less than 10% for the Performance Cycle, then a pro rata
number of Units shall vest and the underlying shares of the Company’s common
stock with respect to the Units which vest will be issued.  Return on
capital will be based upon adjusted funds from operations
(AFFO).  AFFO is defined as funds from operations (FFO) determined in
accordance with the National Association of Real Estate Investment Trusts
definition, adjusted for straight-line rent accruals and amortization of lease
intangibles.  Capital is defined as stockholders’ equity, plus
depreciation and amortization, adjusted for intangibles.

    

    Total
Stockholder Return:  One-half of the awarded Units, or an aggregate of
_______ Units, are subject to a total stockholder return metric averaged for the
period from July 1, 2010-June 30, 2017.  Each year (July 1st through
the following June 30th) total
stockholder return for such year shall be calculated using the following
formula:  the closing price per share on the NYSE of the Company’s
common stock at the end of the measuring period (the applicable June 30th) minus
the closing price per share on the NYSE of the Company’s common stock at the
start of the measuring period (the applicable July 1st) plus
all dividends paid during the measuring period shall be divided by the closing
price per share on the NYSE of the Company’s common stock at the commencement of
the measuring period (the applicable July 1st).  Once
total stockholder return has been calculated for each of the seven years in the
performance cycle, an average of such seven year total stockholder return shall
be determined.  In order for all of these Units to vest and the
underlying shares of the Company’s common stock to be issued, the average
annualized total stockholder return for the seven year period must be 13%, and
for a portion of the Units to vest and the underlying shares of the Company’s
common stock be issued, the average annualized total stockholder return for the
seven year period must exceed 10.25%.  If the average annualized total
shareholder return exceeds 10.25%, but is less than 13% for the seven year
period, then a pro rata number of Units shall vest and the underlying shares of
the Company’s common stock with respect to the Units which vest shall be
issued.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00178-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00178-of-00352.parquet"}]]