Document:

Exhibit 10.1

 

 

Personal & Confidential

 

May 20, 2021

 

Bernadette Madarieta

[Address]

 

Dear Bernadette,

It is my pleasure to offer you the position of Senior Vice President
and Chief Financial Officer at the Lamb Weston office in Eagle, Idaho with a start date of August 6, 2021. The details of this
offer are as follows:

 

		1)	Annual Salary: $570,000 payable on a bi-weekly basis, less applicable tax withholding and authorized deductions.

 

		2)	Annual Incentive: You will continue to be eligible to participate in the Annual Incentive Plan applicable to your positions in
fiscal year 2021 and fiscal year 2022, in accordance with the plan provisions. The incentive opportunity for this new role will be
targeted at 100% of your eligible earnings. For fiscal year 2022, your effective target as a percentage of eligible earnings
will be prorated between the new 100% target and your prior target based on time in each role.

 

		3)	Annual Equity Program: You will continue to be eligible to participate in Lamb Weston’s
annual equity program. All grant recommendations are subject to approval from the Compensation Committee of the Board of Directors. The
annual grant value for this position is currently targeted at $1,140,000 and will become effective with the fiscal year 2022 annual equity
program.

 

		4)	Benefits Programs: You will continue to be eligible to participate in the company's benefit
programs. Additional details concerning these programs are set forth in official plan documents, which will control, should there be any
conflict with this letter.

 

		5)	Voluntary Deferred Compensation Plan: You will continue to be eligible to participate in the Lamb Weston Voluntary Deferred
Compensation Plan each year in accordance with the rules of the plan.

 

		6)	Stock Ownership Guidelines: The Company believes that senior management stock ownership demonstrates our commitment to our
stockholders. You will be subject to the company’s stock ownership policy for senior executives as adopted by the Compensation
Committee of the Board of Directors. The ownership guideline for this position is currently targeted at two times (2x) your base salary.
Please refer to the stock ownership guidelines for further detail.

 

		7)	Change of Control Severance Plan:   You will be eligible to participate in the
Lamb Weston Holdings, Inc. Change of Control Severance Plan (the “Plan”) as a Tier II Participant in the Plan, subject
to being an Eligible Employee on the date of a Qualifying Termination and other terms and conditions set forth in the Plan. Additional information about the Plan will be emailed to you upon receipt of your signed offer letter.

 

    

     

    

 

We look forward to your favorable response, which you can indicate
by signing and returning a copy of this letter. Bernadette, I look forward to your joining the leadership team in this new role.
Please contact me or Micheline Carter if you have any questions about this offer.

 

Sincerely,

 

/s/ Thomas P. Werner

 

Tom Werner

CEO, Lamb Weston

 

Enclosures

cc: Micheline Carter

 

Offer Acceptance

 

I accept this offer of employment. In so doing, I understand and agree that my employment with Lamb Weston is at-will, that I am
not employed for any specified duration and that my employment may be terminated by myself, or the Company at any time, with or without
cause and with or without notice.

 

	Signature	/s/ Bernadette Madarieta	 	Date	May 21, 2021Exhibit 10.2

 

 

05/20/2021

Robert M. McNutt

[Address]

 

Re: RETIREMENT

 

Dear Rob:

 

We have discussed
your decision to retire from your position as Senior Vice President and Chief Financial Officer of Lamb Weston Holdings, Inc. (“Lamb
Weston” or the “Company”) on August 6, 2021 (the “Retirement Date”). The Company
appreciates the advance notification of your intent to retire which provides ample time to ensure a smooth transition process with your
successor.

 

In recognition
of your service to the Company and playing an important role in helping the Company navigate the challenges of operating during the COVID-19
pandemic while building a strong finance team with deep expertise, the Board of Directors of the Company and its Compensation Committee
have agreed to provide you with certain enhanced vesting provisions with respect to your outstanding equity awards under the Lamb Weston
Holdings, Inc. 2016 Stock Plan.

 

		1.	Subject to your compliance with the conditions set forth in Section 2 below and your continuous employment
as the Company’s Senior Vice President and Chief Financial Officer through your Retirement Date, your outstanding equity awards
will be subject to the following enhanced vesting provisions:

 

		a.	Restricted Stock Units (“RSUs”). Excluding awards granted within the last twelve (12)
months prior to the Retirement Date, if any, and notwithstanding that you would otherwise not be eligible for “Early Retirement”
pursuant to the terms of your RSUs, these RSUs will vest on a pro-rated basis as described in the “Early Retirement” vesting
provisions set forth in the underlying grant agreements, which will be determined by multiplying the number of RSUs by a fraction, the
numerator of which is the total number of calendar days during which you remained employed during the applicable vesting period until
the Retirement Date, and the denominator of which is the total number of calendar days during the applicable vesting period. Such portions
of the RSUs will be paid within sixty (60) days following your Retirement Date, or such later date as may be required by Section 409A
of the Code (as defined in the underlying grant agreements).

 

		b.	Performance Shares (“PSAs”). Excluding awards granted within the last twelve (12) months
prior to the Retirement Date, if any, and notwithstanding that you would otherwise not be eligible for “Early Retirement”
pursuant to the terms of your PSAs, these PSAs will vest on a pro-rated basis as described in the “Early Retirement” vesting
provisions set forth in the underlying grant agreements based on the number of days you are employed during the applicable three-year
period thereunder, but final payment for the PSAs, if any, will be based on the final performance certification at the end of the applicable
performance cycle for each award. Such portions of the PSAs will be paid on the respective originally scheduled normal payment date of
the particular grant of PSAs, or such other date as may be required by Section 409A of the Code (as defined in the underlying grant
agreements).

 

    1

     

    

 

		2.	As a condition to, and in consideration for, the enhanced vesting provisions described in Section 1
above, you agree to the following:

 

		a.	You reaffirm and agree to comply, during and following your employment with the Company, with the restrictive
covenant obligations (including but not limited to the confidentiality, non-competition and non-solicitation provisions) set forth in
Annex B to the Executive Change of Control Severance Plan Participation Agreement between you and the Company, dated as of October 19,
2017, notwithstanding that you will not be receiving any severance under such plan.

 

		b.	You agree to make yourself reasonably available to Lamb Weston and to provide reasonable assistance and
cooperation in the event that the Company needs your assistance following your retirement.

 

		c.	You agree that you will execute (and not revoke) a general release of claims against the Company in the
Company’s standard (and then-current) form (which will be provided to you at the time of your retirement) no later than 60 days
following your Retirement Date.

 

If the above
meets with your agreement, please sign and return one copy of this letter to me. An executed copy will be returned to you. Note that,
except as otherwise specifically provided in this letter agreement, the terms and conditions of your RSUs and PSAs will continue to be
governed in accordance with their existing terms.

 

Thank you again
for your service to the Company.

 

 Sincerely,

 

/s/ Thomas P. Werner

 

Thomas P. Werner

President and Chief Executive Officer

Lamb Weston Holdings, Inc.

 

ACCEPTED AND AGREED TO BY:

 

Signature – Robert M. McNutt          Date
May 24, 2021

 

/s/ Robert M. McNutt

 

	Printed Name	Employee ID
	 	 

 

    2EX-10.7

 Exhibit 10.7 

EXECUTION COPY 
 AMENDED
AND RESTATED 
 REIMBURSEMENT AGREEMENT 

THIS AMENDED AND RESTATED REIMBURSEMENT AGREEMENT (this “Agreement”) is entered into as of August 10, 2020, by
and among Cantor Fitzgerald Income Trust, Inc. (f/k/a Rodin Global Property Trust, Inc.), a Maryland corporation (the “Company”) and Cantor Fitzgerald Investors, LLC, a Delaware limited liability company (the
“Sponsor”). Capitalized terms used herein shall have the meanings ascribed to them in Section 1.01 below. 
 W I T N
E S S E T H 
 WHEREAS, the Sponsor is the sponsor of the Company; 

WHEREAS, the Company has registered for public sale on Registration Statement
No. 333-214130 on Form S-11, as amended, a maximum of $1,250,000,000 in shares of its common stock, $0.01 par value per share, consisting of Class A shares,
Class T shares and Class I shares (collectively, the “Shares”), of which amount: (i) up to $1,000,000,000 in Shares are being offered to the public pursuant to the Company’s primary offering (the “Primary
Offering”); and (ii) up to $250,000,000 in Shares are being offered to stockholders (the “Stockholders”) of the Company pursuant to the Company’s distribution reinvestment plan; 

WHEREAS, the Company and the Sponsor had entered into a Dealer Manager Agreement, dated as of March 23, 2017 (the “Dealer
Manager Agreement”), with Cantor Fitzgerald & Co., a New York general partnership (the “Dealer Manager”), pursuant to which the Dealer Manager offered and sold the Shares on a best efforts basis for the account of
the Company and managed the sale of the Shares by other participating broker dealers, upon the terms and subject to the conditions set forth in the Dealer Manager Agreement; 

WHEREAS, the Sponsor has agreed to pay certain expenses relating to selling commissions and/or dealer-manager fees of the sale of the
Shares in the amount of up to four percent (4%) of gross offering proceeds incurred in the Primary Offering (the “Sponsor Expenses”); 

WHEREAS, the Company, the Sponsor and Cantor Fitzgerald Income Trust OP Holdings, LLC (f/k/a Rodin Global Property Trust OP Holdings,
LLC), entered into that certain reimbursement agreement dated as of March 23, 2017 (the “Original Agreement”), pursuant to which the Company has agreed to reimburse the Sponsor for the payment of Sponsor Expenses in certain
circumstances; and 
 WHEREAS, the Company and the Sponsor desire to amend and restate the terms of the Original Agreement as set
forth herein. 

  
 1 

 NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and
agreements contained herein, the parties hereto agree as follows: 
 1.01    Certain Definitions. As used
in this Agreement, the following terms shall have the meanings specified below: 
 “Advisor” means Cantor Fitzgerald Income
Advisors, LLC (f/k/a Rodin Global Property Advisors, LLC) 
 “Advisory Agreement” means that certain Seconded Amended and
Restated Advisory Agreement by and among the Company, the Advisor, the Sponsor and Cantor Fitzgerald Income Trust Operating Partnership, L.P. (f/k/a Rodin Global Property Trust Operating Partnership, L.P.) dated August 10, 2020, as amended and
supplemented. 
 “Agreement” has the meaning set forth in the Recitals. 

“Charter” means the Company’s Articles of Amendment and Restatement, as amended. 

“Company” has the meaning set forth in the Recitals. 

“Dealer Manager” has the meaning set forth in the Recitals. 

“Dealer Manager Agreement” has the meaning set forth in the Recitals. 

“Listing” means the listing of the shares of the Company’s common stock, $0.01 par value per share, on a national
securities exchange.
 “Primary Offering” has the meaning set forth in the Recitals. 

“Shares” has the meaning set forth in the Recitals. 

“Sponsor” has the meaning set forth in the Recitals. 

“Sponsor Expenses” has the meaning set forth in the Recitals. 

“Termination Event” means the termination or nonrenewal of the Advisory Agreement (i) in connection with a merger, sale
of assets or transaction involving the Company pursuant to which a majority of the directors then in office are replaced or removed, (ii) by the Advisor for “good reason” (as defined in the Advisory Agreement) or (iii) by the
General Partner other than for “cause” (as defined in the Advisory Agreement). 
  

	 	1.02	 Reimbursement. 

(a)    The Company hereby agrees to reimburse the Sponsor or its designee for all Sponsor Expenses actually incurred by, or
on behalf of, the Sponsor. The Company shall reimburse the Sponsor Expenses immediately prior to the occurrence of the earlier of the following events: (a) the termination or nonrenewal of the Advisory Agreement for “cause” (as
defined in the Advisory Agreement), (b) a Termination Event, (c) the Listing, or (d) a merger, consolidation or sale of substantially all of the Company’s assets or any similar transaction or any transaction

  
 2 

 
pursuant to which a majority of the board of directors of the Company then in office are replaced or remove (each, a “Reimbursement Event”). The Company only shall be obligated
to reimburse the Sponsor in connection with a Reimbursement Event after (x) the Company has fully invested the proceeds from the Primary Offering and (y) the Stockholders have received, or are deemed to have received, in the aggregate,
cumulative distributions equal to their invested capital plus a six percent (6%) cumulative, non-compounded annual pre-tax return on such invested capital. 

(b)    Subject to Section 1.02(a) hereof, the Company’s reimbursement obligations hereunder shall be due and
payable within fifteen (15) days after the occurrence of a Reimbursement Event; provided, however, the Sponsor may, in its sole discretion, waive or defer all or any portion of the Sponsor Expenses. 

(c)    Subject only to the limitations contained in this Agreement and to any expressly applicable limitations contained in
the Charter, the obligations of the Company under this Agreement are absolute, unconditional and irrevocable and shall be paid and observed, as may be applicable, strictly in accordance with the terms of this Agreement under all circumstances
whatsoever. 
 (d)    In the event of a default by the Company hereunder, the Sponsor shall have all remedies available
at law or in equity. In addition, the rights granted to the Sponsor pursuant to this Agreement are not the exclusive remedies available to the Sponsor in connection with the Company’s reimbursement obligations hereunder or actions related
thereto, and the Sponsor shall have all other remedies available to it at law or in equity. 

1.03    Notices. Any notice, report or other communication required or permitted to be given hereunder shall
be in writing unless some other method of giving such notice is accepted by the party to whom it is given, and shall be given by personal delivery or by overnight mail or other overnight delivery service to the following addresses: 

 

			
	To the Company:	  	 Cantor Fitzgerald Income Trust, Inc.
 110 East
59th Street
 New York, New York 10022

Attn: General Counsel

		
	 To the Sponsor
 and the Special Unit
Holder:
	  	 Cantor Fitzgerald Investors, LLC 110
 East 59th Street
 New York, New York 10022

Attn: General Counsel

 Either party may at any time give notice in writing to the other party of a change in its address for the
purposes of this Section 1.03. 
 1.04    Successors and Assigns. This Agreement
shall be binding upon the parties hereto and their respective executors, administrators, legal representatives, heirs, successors and assigns, and shall inure to the benefit of the parties hereto and, except as otherwise provided herein, their
respective executors, administrators, legal representatives, heirs, successors and assigns. 

  
 3 

 1.05    Modification. This Agreement shall not be changed
or modified, in whole or in part, except by an instrument in writing signed by the parties hereto, or their respective successors or permitted assigns. 

1.06    Severability. The provisions of this Agreement are independent of and severable from each other, and
no provision shall be affected or rendered invalid or unenforceable by virtue of the fact that for any reason any other or others of them may be invalid or unenforceable in whole or in part. 

1.07    Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the
State of New York applicable to agreements made and to be performed wholly within that State without regard to the principles of conflicts of laws. Each of the parties hereto hereby irrevocably submits to the jurisdiction of any New York State court
sitting in the Borough of Manhattan in the City of New York or any federal court sitting in the Borough of Manhattan in the City of New York in respect of any suit, action or proceeding arising out of or relating to this Agreement. 

1.08    Entire Agreement. This Agreement contains the entire agreement and understanding between the parties
hereto with respect to the subject matter hereof. 
 1.09    Interpretation. Words used herein regardless
of the number and gender specifically used, shall be deemed and construed to include any other number, singular or plural, and any other gender, masculine, feminine or neuter, as the context requires. 

1.10    Headings. The titles of Sections contained in this Agreement are for convenience only, and they
neither form a part of this Agreement nor are they to be used in the construction or interpretation hereof. 

1.11    Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be
deemed to be an original as against any party whose signature appears thereon, and all of which together shall constitute one and the same instrument. This Agreement shall become binding when one or more counterparts hereof, individually or taken
together, shall bear the signatures of all of the parties reflected hereon as the signatories. 

  
 4 

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

			
	 CANTOR FITZGERALD INCOME TRUST, INC.

		
	 By:
	 	 /s/ Christopher Milner

		 	 Name: Christopher Milner

		 	 Title:   President

	
	 CANTOR FITZGERALD INVESTORS, LLC

		
	 By:
	 	 /s/ Mark Kaplan

		 	 Name: Mark Kaplan

		 	 Title:   Chief Operating Officer

 [Signature Page to Reimbursement Agreement]

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