Document:

Form of Nonqualified Stock Option Agreement (Series H Preferred Stock)

 Exhibit 10.9 
  

			
	Agreement No.                     	 	Grant Date [                    ]

 NONQUALIFIED STOCK OPTION AGREEMENT 
 (Series H Preferred Stock) 
 A Nonqualified Stock Option (the
“Option”) to purchase a total of                      shares of Series H Preferred Stock (collectively, “Option Shares”)
of Grande Communications Holdings, Inc. (the “Company”), is hereby granted to              (the “Grantee”) at the Option Price determined in this Nonqualified
Stock Option Agreement (this “Award Agreement”) and in all respects subject to the terms, definitions and provisions of the Grande Communications Holdings, Inc. Amended and Restated 2000 Stock Incentive Plan (the “Plan”), which
Plan is incorporated herein by reference, except to the extent otherwise expressly provided in this Award Agreement. 
 1. Option
Price. The Option Price is $             for each Option Share, which price is equal to or greater than the Fair Market Value of such share of Series H Preferred Stock on the
Grant Date. 
 2. Vesting of Option Shares. The Option Shares shall vest (“Vest” and derivations) and become
“Vested Option Shares” on the dates set forth in the following Vesting schedule (“Vesting Date”): 
 (i) 25% of the Option Shares on the first anniversary of [INSERT DATE THAT VESTING STARTS, AS DETERMINED BY THE COMMITTEE]. 
 (ii) 2.1% (approximately 1/48th) of the Option Shares on the last day of each of the first 35 months after the first anniversary of [INSERT DATE THAT VESTING STARTS, AS DETERMINED BY THE COMMITTEE]. 

(iii) 1.5% of the Option Shares on the last day of the 36th month after the first anniversary of [INSERT DATE THAT VESTING
STARTS, AS DETERMINED BY THE COMMITTEE]. 
 Without limitation, Vesting with respect to the Option Shares will cease on the date of
Grantee’s termination of Service. 
 3. Exercisability of Option. 
 A. Date on Which Option Becomes Exercisable. The Option shall not be exercisable prior to the first Vesting Date. On or after the occurrence of the
first Vesting Date (and prior to the termination of the Option), the Option shall be exercisable with respect to Vested Option Shares only during its Applicable Exercise Period (as specified in Section 3C of this Award Agreement).

 B. Exercise Date. The “Exercise Date” of the Option shall be the first to occur of:

 (i) the date of a Change of Control; 
 (ii) the date of a termination of Grantee’s Service, other than a termination of Service by reason of a Voluntary Termination, or a
termination of Service for Cause; and 
 (iii) the date of a termination of Grantee’s Service by reason of a Voluntary
Termination; and 
 (iv) the date of a termination of Grantee’s Service for Cause; and 
 (v) [INSERT DATE: to be no later than the tenth anniversary of the Grant Date]. 
 C. Applicable Exercise Period. The Applicable Exercise Period of the Option is: 
 (i) if the Exercise Date is described in Section 3B(i) of this Award Agreement, the Applicable Exercise Period is the period
beginning 90 days prior to the Change in Control and ending 75 days after the Change in Control (but if all or any portion of the actual exercise of the Option occurs prior to the Change in Control, it shall be conditioned on the actual occurrence
of a Change in Control); 
 (ii) if the Exercise Date is described in either Section 3B(ii) or
Section 3B(iii) of this Award Agreement, then the Applicable Exercise Period shall begin on such Exercise Date and shall end on the date the Option terminates under Section 4 of this Award Agreement; 
 (iii) if the Exercise Date is described in Section 3B(iv) of this Award Agreement, there shall be no Applicable Exercise
Period and the Option shall be null and void as of such Exercise Date; and 
 (iv) if the Exercise Date is the date described
in Section 3B(v) of this Award Agreement, then the Applicable Exercise Period shall begin on the first day that all of the Option Shares are Vested in the year in which the date described in Section 3B(v) of this Award
Agreement occurs, and shall end on the earlier of (i) March 15 after the year in which the date described in Section 3B(v) of this Award Agreement occurs and (ii) the date on which the Option terminates under
Section 4 of this Award Agreement. 
 D. Method of Exercise. Without limitation, the Option may only be exercised during
the Applicable Exercise Period. During such Applicable Exercise Period, the Option shall be exercised by a written notice delivered to a duly authorized officer of the Company, which notice shall: 
 (i) state the election to exercise the Option and the number of Vested Option Shares in respect of which it is being exercised; and

  

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 (ii) be signed by the person or persons entitled to exercise the Option and, if
the Option is being exercised by any person or persons other than the Grantee, be accompanied by proof, satisfactory to the Committee, of the rights of such person or persons to exercise the Option. 
 4. Term of Option. Without limitation, the unexercised portion of the Option shall automatically terminate on the date the Option
terminates in accordance with the terms of the Plan, including without limitation, Section 7.3 of the Plan. 
 5. Payment
and Withholding. The Option Price of any Vested Option Shares purchased, and applicable withholding, shall be paid in (i) cash, (ii) shares of Stock, or (iii) a combination of cash and shares of Stock; provided,
further, that if the Option Shares are publicly traded on the date the Option is exercised, the Committee may require that all or any portion of the Option Price and the applicable withholding be paid in cash. 
 6. Issuance of Option Shares. No person shall be, or have any of the rights or privileges of, a holder of the Option Shares subject to the
Option unless and until certificates representing such Option Shares shall have been issued and delivered to such person, such issuance, without limitation, being subject to the terms of the Plan. 
 7. Surrender of Option. Upon exercise of the Option in part, if requested by the Committee, the Grantee shall deliver this Award Agreement
and other written agreements executed by the Company and the Grantee with respect to the Option to a duly authorized officer of the Company, who shall endorse or cause to be endorsed thereon a notation of such exercise and return such agreements to
the Grantee. 
 8. Forfeiture, Repurchase Rights and Parachute Limitations. Without limiting the generality of the general
incorporation of the Plan provisions, this Award Agreement expressly incorporates by reference the provisions of Section 12 (Restrictions on the Transfer Of Shares Of Stock and Repurchase Rights) and Section 13 (Parachute
Limitations and Forfeitures). 
 9. Other Agreements. Without limiting the generality of the provisions of the Plan and this
Award Agreement, all Option Shares shall be subject to any other agreements between the Grantee and the Company (collectively, “Other Agreements”) in effect at the time of reference; and provided further that the Company, in its
sole discretion, shall have the power and ability to exercise some or all of its rights under either this Award Agreement (including, without limitation, the provisions of the Plan incorporated by reference), or the Other Agreements, or both, with
respect to some or all of the Option Shares. 
 10. Law Governing. WITHOUT LIMITATION, THIS AWARD AGREEMENT SHALL BE CONSTRUED
AND ENFORCED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF DELAWARE. 
  

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 11. Repurchase Rights of the Company; Fair Market Value Determination. If Grantee’s Service is
terminated by reason of a Voluntary Termination or for Cause, then, in its sole discretion, the Company may purchase all or any portion of the Option Shares which have been exercised by Grantee prior to or in connection with such termination of
Grantee’s Service. The Fair Market Value of such Vested Option Shares shall be, for purpose of this Section, determined by the Board in its sole discretion as of the effective date of Grantee’s termination of Service. If Grantee disagrees
with the Board’s determination of the Fair Market Value (the “Board Determination”), then Grantee shall notify the Board in writing (the “Dispute Notification”) that Grantee wishes to dispute the determination. If the
dispute is not resolved between the Board and Grantee within fifteen (15) days of receipt of the Dispute Notification, then the Board shall appoint a third-party expert in valuing companies that are comparable to the Company to conduct a
determination of the Fair Market Value (the “Third Party Determination”). The Third Party Determination shall be conclusive and binding upon the Board and Grantee. If the Third Party Determination is within ten percent (10%) of the
Board Determination, then Grantee shall bear the costs incurred in obtaining the Third Party Determination. If the Third Party Determination differs from the Board Determination by ten percent (10%) or more, then the Company shall bear such
costs. 
 12. Change of Control. The “Change of Control” definition of the Plan shall apply to the Option, except that the following
provisions will be substituted in the place of existing Section 2.9(ii) and Section 2.9(iii) of the Plan: 
 “(ii) a change in the effective control of the Company, whereby either: 
 (a) a Person acquires (or has
acquired during the preceding twelve (12) month period ending on the date of the most recent acquisition by such Person), directly or indirectly, ownership of a number of shares of Capital Stock of the Company which constitutes fifty percent
(50%) or more of the combined voting power of the Capital Stock; provided, however, that if a Person already owns fifty percent (50%) or more of the combined voting power of the Capital Stock, the acquisition of additional Capital Stock by
such Person is not considered a Change of Control of the Company; or 
 (b) as a result of, or in connection with any tender
offer, merger or other business combination, sale of assets or contested election, or any combination of the foregoing transactions, a majority of the persons who were members of the Board is, within a twelve (12) month period, replaced by
individuals whose appointment or election to the Board is not endorsed by a majority of the Board prior to the appointment or election; or 
 (iii) a change in the ownership of the assets of the Company, whereby a Person acquires (or has acquired during a twelve (12) month period ending on the date of the most recent acquisition by such Person) assets
of the Company that have a total gross fair market value equal to more than fifty percent (50%) of the 
  

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 total gross fair market value of all of the assets of the Company as determined by the Board immediately
prior to such acquisition or acquisitions; provided, however, that there is no Change of Control if assets are transferred to an entity that is controlled by the shareholders of the Company immediately after the transfer, nor is it a Change of
Control if the Company transfers assets to: 
 (a) a shareholder of the Company (immediately before the asset transfer) in
exchange for or with respect to the shareholder’s capital stock in the Company; 
 (b) an entity, fifty percent
(50%) or more of the total value or voting power of which is owned, directly or indirectly, by the Company; 
 (c) a
Person that owns, directly or indirectly, fifty percent (50%) or more of the total value or voting power of all the outstanding Capital Stock; or 
 (d) an entity, at least fifty percent (50%) of the total value or voting power of which is owned, directly or indirectly, by a Person described in subparagraph (iii)(c) of this Section 2.9.” 

Dated as of this      day of
                    , 2006. 
  

			
	 GRANDE COMMUNICATIONS
 HOLDINGS,
INC.

		
	By:	 	  

	Printed Name:	 	  

	Title:	 	  

 Acknowledgment 
 The undersigned hereby acknowledges (i) my receipt of this Award Agreement and the Option, (ii) my opportunity to review the Plan, this Award
Agreement and the Option (iii) my opportunity to discuss the Plan, this Award Agreement and the Option with a representative of the Company, and my personal advisors, to the extent I deem necessary or appropriate, (iv) my understanding of
the terms and provisions of the Plan, this Award Agreement and the Option, (iii) my understanding that, by my signature below, I am agreeing to be bound by all of the terms and provisions of the Plan, this Award Agreement and the Option.

 Without limitation, the undersigned hereby acknowledges that by my signature below, I expressly agree to the effectiveness of all of the
terms and provisions of Section 8 of this Award Agreement. 
  

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 Without limitation, I agree to accept as binding, conclusive and final all decisions or interpretations
(including, without limitation, all interpretations of the meaning of provisions of the Plan, this Award Agreement and the Option) of the Committee upon any questions arising with respect to the Plan, this Award Agreement or the Option. 

Dated as of this      day of
                    , 20    . 
  

	
	  

	Grantee

  

 6Second Supplemental Indenture

 Exhibit 4.1 
 SECOND SUPPLEMENTAL INDENTURE 
 This “Supplemental Indenture” is entered into as of June 30,
2006 by and between CarrAmerica Realty Operating Partnership, L.P., a Delaware limited partnership (the “Company”), as successor to CarrAmerica Realty Corporation, a Maryland corporation (“CARC”), CarrAmerica Realty, L.P., a
Delaware limited partnership, as guarantor (the “Guarantor”), and U.S. Bank Trust National Association, a bank association organized under the laws of the United States, as trustee (the “Trustee”). 
 W I T N E S S E T H: 
 WHEREAS, CARC, the
Guarantor and the Trustee entered into that certain Indenture dated as of January 11, 2002 (the “Original Indenture”), and CARC issued (i) pursuant to the Original Indenture and the Officers’ Certificate dated
March 3rd, 2004 its 3.625% Senior Notes due 2009, (ii) pursuant to the Original Indenture and the
Officers’ Certificate dated November 25, 2002 its 5.25% Senior Notes due 2007, (iii) pursuant to the Original Indenture and the Officers’ Certificate dated November 20, 2002 its 5.261% Senior Notes due 2007 and
(iv) pursuant to the Original Indenture and the Officers’ Certificate dated January 11, 2002 its 7.125% Senior Notes due 2012 (collectively, the “Notes”); 
 WHEREAS, the Company, CARC, the Guarantor and the Trustee entered into that certain First Supplemental Indenture dated as of June 30, 2004 (the
“First Supplemental Indenture,” and together with the Original Indenture, the “Indenture”), which provided for (i) the assumption by the Company of the due and punctual performance and observance of all of the obligations,
covenants and conditions to be performed by CARC under the Original Indenture and (ii) the Company’s succession and substitution for CARC with respect to the Original Indenture and the Notes; 
 WHEREAS, Section 902 of the Indenture provides that the Company, the Guarantor and the Trustee may, with the consent of the Holders of not less than
a majority in principal amount of all outstanding Notes, enter into a supplemental indenture for the purpose of amending certain provisions of the Indenture; 
 WHEREAS, the Company has offered to purchase for cash any and all of the outstanding Notes upon the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement, dated
June 8, 2006 (as the same may be amended or supplemented from time to time, the “Statement”), and in the related Consent and Letter of Transmittal (as the same may be amended or supplemented from time to time, together with the
Statement, the “Offer”), from each Holder of such Notes; 
 WHEREAS, the Offer is conditioned upon, among other things, certain
amendments to the Indenture and to the Notes set forth in Article Two and Article Three of this Supplemental Indenture (the “Amendments”) having been approved by Holders of not less than a majority in principal amount of all outstanding
Notes voting as a single class (and a supplemental indenture in respect thereof having been executed and delivered), provided that the Amendments will become operative concurrently with the Mergers (as defined in the Statement) 

 
and provided all validly tendered Notes are accepted for purchase pursuant to the Offer upon consummation of the Mergers; 
 WHEREAS, the Company has received and delivered to the Trustee the consents from Holders of a majority in principal amount of all outstanding Notes
(voting as a single class) to effect the Amendments; 
 WHEREAS, each of the Company and the Guarantor have been authorized by or pursuant to
a Board Resolution, and the Company has been authorized by the Guarantor, to enter into this Supplemental Indenture; and 
 WHEREAS, all
acts, conditions, proceedings and requirements necessary to make this Supplemental Indenture a valid, binding and legal agreement enforceable in accordance with its terms for the purposes expressed herein, in accordance with its terms, have been
duly done and performed. 
 NOW, THEREFORE, in consideration of the premises and the covenants and agreements contained herein, and for other
good and valuable consideration the receipt of which is hereby acknowledged, the Company, the Guarantor and the Trustee hereby agree as follows: 
 ARTICLE ONE 
 SECTION 1.01. Definitions. 
 Capitalized terms used in this Supplemental Indenture and not otherwise defined herein shall have the meanings assigned to such terms in the Indenture.

 ARTICLE TWO 
 SECTION 2.01. Amendments to Table of Contents. 
 The Table of Contents of the Indenture is amended by deleting the
titles to Sections 514, 1004 and 1007 through and including 1010, and inserting, in each case, in lieu thereof the phrase “[intentionally omitted]”. 
 ARTICLE THREE 
 SECTION 3.01. Elimination of Certain Definitions and
References. 
 The Indenture is amended by deleting (i) all definitions of terms in Section 101 and references to
definitions of terms that are used exclusively in the text of the Indenture and the Notes that are being otherwise eliminated by this Supplemental Indenture and (ii) all references to Sections of the Indenture that are used exclusively in the
text of the Indenture and the Notes that are being otherwise eliminated by this Supplemental Indenture. 
  

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 SECTION 3.02. Elimination of Certain Provisions in Article 5. 
 (i) Section 501 of the Indenture is amended by (a) deleting the text of each of clauses (3), (4) and (7) in its entirety and, in each
case, inserting in lieu thereof the phrase “[intentionally omitted];” and (b) deleting from clause (5) and clauses (A), (B) and (C) of clause (6) the phrase “, a Guarantor or any Significant Subsidiary”;
and 
 (ii) Article 5 of the Indenture is further amended by deleting the text of Section 514 in its entirety and inserting in lieu
thereof the phrase “[intentionally omitted].” 
 SECTION 3.03. Amendment of Certain Provisions in Article
8. 
 Section 801 of the Indenture is amended by deleting the text of clause (2) of Section 801 in its entirety and
inserting in lieu thereof the phrase “[intentionally omitted]”. 
 SECTION 3.04. Amendment of Certain
Provisions in Article 10. 
 Article 10 of the Indenture is amended by deleting the text of each of Sections 1004 and 1007 through and
including 1010 in its entirety and inserting, in each case, in lieu thereof the phrase “[intentionally omitted].” 
 SECTION 3.05. Amendment of Certain Provisions in Article 12. 
 Section 1208 of the Indenture is amended by deleting
clause (ii) in its entirety and inserting in lieu thereof the phrase “[intentionally omitted].” 
 ARTICLE FOUR 
 SECTION 4.01. Effectiveness of Amendments to Indenture. 
 Notwithstanding any other provision of this Supplemental Indenture, (i) this Supplemental Indenture shall be effective upon its signing by the
parties hereto but (ii) the Amendments shall become operative concurrently with the Mergers (as defined in the Statement) and provided all validly tendered Notes are accepted for purchase pursuant to the Offer upon consummation of the Mergers.

 SECTION 4.02. Governing Law. 
 This Supplemental Indenture shall be governed by and construed in accordance with the law of the State of New York. 
  

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 SECTION 4.03. Counterparts. 
 This Supplemental Indenture may be executed in counterparts, each of which shall be deemed an original, but all of which shall together constitute one and
the same instrument. 
 SECTION 4.04. Effect of Headings. 
 The Section headings herein are for convenience only and shall not affect the construction hereof. 
 SECTION 4.05. Conflict with Trust Indenture Act. 
 If any provision of this Supplemental Indenture limits, qualifies or conflicts with any provision of the Trust Indenture Act that may not be so limited, qualified or conflicted with, such provision of such Act shall
control. If any provision of this Supplemental Indenture modifies or excludes any provision of the Trust Indenture Act that may be so modified or excluded, the provision of such Act shall be deemed to apply to the Indenture as so modified or to be
excluded by this Supplemental Indenture, as the case may be. 
 SECTION 4.06. Separability Clause. 

In case any provision in this Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the
remaining provisions shall not in any way be affected or impaired thereby. 
 SECTION 4.07. Benefits of Supplemental
Indenture. 
 Nothing in this Supplemental Indenture, the Indenture or the Notes, express or implied, shall give to any person,
other than the parties hereto and thereto, any Security Registrar, any Paying Agent, any Authenticating Agent and their successors hereunder and thereunder and the Holders of Notes any benefit or any legal or equitable right, remedy or claim under
this Supplemental Indenture, the Indenture or the Notes. 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed, all
as of the date first above written. 
  

			
	CARRAMERICA REALTY OPERATING PARTNERSHIP, L.P.
	
	 By: CarrAmerica Realty Corporation, Its General   Partner

		
	By:	 	/s/ Stephen E. Riffee 
	 Name:
 Title:
	 	 Stephen E. Riffee 
 Chief Financial
Officer

  

			
	Attest:
		
	By:	 	/s/ Ann Marie Pulsch
	 Name:
 Title:
	 	 Ann Marie Pulsch
 Assistant Corporate
Secretary

  
  

			
	CARRAMERICA REALTY, L.P.
	
	 By:    CarrAmerica Realty GP Holdings, Inc., its       general
partner

		
	            By:    	 	CarrAmerica Realty Operating Partnership, L.P., its sole and managing member
		
		 	 By:   CarrAmerica Realty Corporation,
           its general partner

  

			
		
	By:	 	/s/ Stephen E. Riffee
		 	 Name: Stephen E. Riffee
 Title:   Chief Financial Officer

  

			
	Attest:
		
	By:	 	/s/ Ann Marie Pulsch
	 Name:
 Title:
	 	 Ann Marie Pulsch
 Assistant Corporate
Secretary

  

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	U.S. BANK TRUST NATIONAL ASSOCIATION,
as Trustee
		
	By:	 	/s/ Angelita L. Pena
	 Name:
 Title:
	 	 Angelita L. Pena
 Assistant Vice
President

  

			
	Attest:
		
	By:	 	/s/ Paul J. Schamazel
	 Name:
 Title:
	 	 Paul J. Schamazel
 Vice President

  

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