Document:

EX-4.2

 Exhibit 4.2 
 REGISTRATION RIGHTS AGREEMENT 
 by and among 

Ladder Capital Finance Holdings LLLP, 
 Ladder Capital Finance Corporation 
 and 

J.P. Morgan Securities LLC, 
 Deutsche Bank Securities Inc., 
 Wells Fargo Securities, LLC,

 Citigroup Global Markets Inc. 
 and 
 Merrill Lynch, Pierce, Fenner & Smith Incorporated

 Dated as of September 19, 2012 

 REGISTRATION RIGHTS AGREEMENT 

This Registration Rights Agreement (this “Agreement”) is made and entered into as of September 19, 2012, by and
among Ladder Capital Finance Holdings LLLP, a Delaware limited liability limited partnership (the “Company”), Ladder Capital Finance Corporation, a Delaware corporation (the “Co-Issuer” and, together with the
Company, the “Issuers”), and J.P. Morgan Securities LLC, as representative for the several Initial Purchasers listed on Schedule 1 to the Purchase Agreement (as defined below) (collectively, the “Initial
Purchasers”), all of whom have agreed to purchase the Issuers’ $325,000,000 7.375% Senior Notes due 2017 (the “Initial Securities”) pursuant to the Purchase Agreement (as defined below). 

This Agreement is made pursuant to the Purchase Agreement, dated September 14, 2012, by and among the Issuers and the Initial
Purchasers (the “Purchase Agreement”) (i) for the benefit of the Initial Purchasers and (ii) for the benefit of the holders from time to time of the Initial Securities, including the Initial Purchasers. In order to induce
the Initial Purchasers to purchase the Initial Securities, the Issuers have agreed to provide the registration rights set forth in this Agreement. The execution and delivery of this Agreement is a condition to the obligations of the Initial
Purchasers set forth in Section 6(j) of the Purchase Agreement. 
 The parties hereby agree as follows: 

SECTION 1. Definitions. As used in this Agreement, the following capitalized terms shall have the following meanings:

 Additional Interest Payment Date: With respect to the Initial Securities, each Interest Payment Date. 

Advice: As defined in Section 6(c) hereof. 
 Agreement: As defined in the preamble hereto. 
 Broker-Dealer: Any
broker or dealer registered under the Exchange Act. 
 Business Day: Any day other than a Saturday, Sunday or U.S.
federal holiday or a day on which banking institutions or trust companies located in New York, New York are authorized or obligated to be closed. 
 Closing Date: The date of this Agreement. 
 Co-Issuer: As defined in
the preamble hereto. 
 Commission: The Securities and Exchange Commission. 

Company: As defined in the preamble hereto. 
 Consummate: A registered Exchange Offer shall be deemed “Consummated” for purposes of this Agreement upon the occurrence of (i) the filing and effectiveness under the Securities

 
Act of the Exchange Offer Registration Statement relating to the Exchange Securities to be issued in the Exchange Offer, (ii) the maintenance of such Registration Statement continuously
effective and the keeping of the Exchange Offer open for a period not less than the minimum period required pursuant to Section 3(b) hereof, and (iii) the delivery by the Issuers to the Registrar under the Indenture of Exchange Securities
in the same aggregate principal amount as the aggregate principal amount of Initial Securities that were tendered by Holders thereof pursuant to the Exchange Offer. 
 controlling person: As defined in Section 8(a) hereof. 

Effectiveness Target Date: As defined in Section 5 hereof. 

Exchange Act: The Securities Exchange Act of 1934, as amended. 

Exchange Offer: The registration by the Issuers under the Securities Act of the Exchange Securities pursuant to a Registration
Statement pursuant to which the Issuers offer the Holders of all outstanding Transfer Restricted Securities the opportunity to exchange all such outstanding Transfer Restricted Securities held by such Holders for Exchange Securities in an aggregate
principal amount equal to the aggregate principal amount of the Transfer Restricted Securities tendered in such exchange offer by such Holders. 
 Exchange Offer Registration Statement: The Registration Statement relating to the Exchange Offer, including the related Prospectus. 

Exchange Securities: The $325,000,000 aggregate principal amount of 7.375% Senior Notes due 2017, of the same series under the
Indenture as the Initial Securities, to be issued to Holders in exchange for Transfer Restricted Securities pursuant to this Agreement. 
 FINRA: Financial Industry Regulatory Authority. 
 Holders: As
defined in Section 2(b) hereof. 
 Indemnified Holder: As defined in Section 8(a) hereof. 

Indenture: The Indenture, dated as of September 19, 2012, by and between the Issuers and Wilmington Trust, National
Association, as trustee (the “Trustee”), pursuant to which the Securities are to be issued, as such Indenture is amended or supplemented from time to time in accordance with the terms thereof. 

Initial Notes: As defined in the preamble hereto. 
 Initial Placement: The issuance and sale by the Issuers of the Securities to the Initial Purchasers pursuant to the Purchase Agreement. 

Initial Purchasers: As defined in the preamble hereto. 
 Initial Securities: As defined in the preamble hereto. 

  
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 Interest Payment Date: As defined in the Indenture and the Securities. 

Issuers: As defined in preamble hereto. 
 Person: An individual, partnership, corporation, trust or unincorporated organization, or a government or agency or political subdivision thereof. 

Prospectus: The prospectus included in a Registration Statement, as amended or supplemented by any prospectus supplement and by
all other amendments thereto, including post-effective amendments, and all material incorporated by reference into such Prospectus. 
 Purchase Agreement: As defined in the preamble hereto. 
 Registration
Default: As defined in Section 5 hereof. 
 Registration Statement: Any registration statement of the Issuers
relating to (a) an offering of Exchange Securities pursuant to an Exchange Offer or (b) the registration for resale of Transfer Restricted Securities pursuant to the Shelf Registration Statement, which is filed pursuant to the provisions
of this Agreement, in each case, including the Prospectus included therein, all amendments and supplements thereto (including post-effective amendments) and all exhibits and material incorporated by reference therein. 

Securities Act: The Securities Act of 1933, as amended. 
 Shelf Filing Deadline: As defined in Section 4(a) hereof. 
 Shelf
Registration Statement: As defined in Section 4(a) hereof. 
 Transfer Restricted Securities: Each Initial
Security, until the earliest to occur of (a) the date on which such Initial Security is exchanged in the Exchange Offer for an Exchange Security entitled to be resold to the public by the Holder thereof without complying with the prospectus
delivery requirements of the Securities Act, (b) the date on which such Initial Security has been effectively registered under the Securities Act and disposed of in accordance with a Shelf Registration Statement and (c) the date on which
such Initial Security is distributed to the public by a Broker-Dealer pursuant to the “Plan of Distribution” contemplated by the Exchange Offer Registration Statement (including delivery of the Prospectus contained therein). 

Trust Indenture Act: The Trust Indenture Act of 1939, as amended. 

Trustee: As defined in the definition of the term “Indenture.” 

SECTION 2. Securities Subject to this Agreement. 
 (a) Transfer Restricted Securities. The securities entitled to the benefits of this Agreement are the Transfer Restricted Securities. 

(b) Holders of Transfer Restricted Securities. A Person is deemed to be a holder of Transfer Restricted Securities (each, a
“Holder”) whenever such Person owns Transfer Restricted Securities. 

  
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 SECTION 3. Registered Exchange Offer. 

(a) Unless the Exchange Offer shall not be permissible under applicable law or Commission policy (after the procedures set forth in
Section 6(a) hereof have been complied with), each of the Issuers shall (i) cause to be filed with the Commission, a Registration Statement under the Securities Act relating to the Exchange Securities and the Exchange Offer, (ii) use
its commercially reasonable efforts to cause such Registration Statement to become effective, (iii) in connection with the foregoing, (A) file all pre-effective amendments to such Registration Statement as may be necessary in order to
cause such Registration Statement to become effective, (B) if applicable, file a post-effective amendment to such Registration Statement pursuant to Rule 430A under the Securities Act and (C) cause all necessary filings in connection with
the registration and qualification of the Exchange Securities to be made under the state securities or blue sky laws of such jurisdictions as are necessary to permit Consummation of the Exchange Offer, and (iv) upon the effectiveness of such
Registration Statement, commence the Exchange Offer. The Exchange Offer shall be on the appropriate form permitting registration of the Exchange Securities to be offered in exchange for the Transfer Restricted Securities and to permit resales of
Initial Securities held by Broker-Dealers as contemplated by Section 3(c) hereof. 
 (b) Each Issuer shall cause the
Exchange Offer Registration Statement to be effective continuously and shall keep the Exchange Offer open for a period of not less than the minimum period required under applicable federal and state securities laws to Consummate the Exchange Offer;
provided, however, that in no event shall such period be less than 20 Business Days after the date notice of the Exchange Offer is mailed to the Holders. The Issuers shall cause the Exchange Offer to comply with all applicable federal and
state securities laws. No securities other than the Exchange Securities shall be included in the Exchange Offer Registration Statement. The Issuers shall use their commercially reasonable efforts to cause the Exchange Offer to be Consummated on the
earliest practicable date after the Exchange Offer Registration Statement has become effective, but in no event later than 365 days after the Closing Date (or if such 365th day is not a Business Day, the next succeeding Business Day). 

(c) Each Issuer shall indicate in a “Plan of Distribution” section contained in the Prospectus forming a part of the Exchange
Offer Registration Statement that any Broker-Dealer who holds Initial Securities that are Transfer Restricted Securities and that were acquired for its own account as a result of market-making activities or other trading activities (other than
Transfer Restricted Securities acquired directly from the Issuers), may exchange such Initial Securities pursuant to the Exchange Offer; however, such Broker-Dealer may be deemed to be an “underwriter” within the meaning of the Securities
Act and must, therefore, deliver a prospectus meeting the requirements of the Securities Act in connection with any resales of the Exchange Securities received by such Broker-Dealer in the Exchange Offer, which prospectus delivery requirement may be
satisfied by the delivery by such Broker-Dealer of the Prospectus contained in the Exchange Offer Registration Statement. Such “Plan of Distribution” section shall also contain all other information with respect to such resales by
Broker-Dealers that the Commission may 

  
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require in order to permit such resales pursuant thereto, but such “Plan of Distribution” shall not name any such Broker-Dealer or disclose the amount of Initial Securities held by any
such Broker-Dealer except to the extent required by the Commission as a result of a change in policy after the date of this Agreement. 
 Each Issuer shall use its reasonable best efforts to keep the Exchange Offer Registration Statement continuously effective, supplemented and amended as required by the provisions of Section 6(c)
hereof to the extent necessary to ensure that it is available for resales of Initial Securities acquired by Broker-Dealers for their own accounts as a result of market-making activities or other trading activities, and to ensure that it conforms
with the requirements of this Agreement, the Securities Act and the policies, rules and regulations of the Commission as announced from time to time, for a period ending on the earlier of (i) 180 days from the date on which the Exchange Offer
Registration Statement is declared effective and (ii) the date on which a Broker-Dealer is no longer required to deliver a prospectus in connection with market-making or other trading activities. 

Each Issuer shall provide sufficient copies of the latest version of such Prospectus to Broker-Dealers promptly upon request at any time
during such 180-day (or shorter as provided in the foregoing sentence) period in order to facilitate such resales. 

SECTION 4. Shelf Registration. 
 (a) Shelf Registration. If (i) the Issuers are not required to file an Exchange Offer Registration Statement or to consummate the Exchange Offer because the Exchange Offer is not permitted by
applicable law or Commission policy (after the procedures set forth in Section 6(a) hereof have been complied with), (ii) for any reason the Exchange Offer is not Consummated within 365 days after the Closing Date (or if such 365th day is
not a Business Day, the next succeeding Business Day), or (iii) with respect to any Holder of Transfer Restricted Securities (A) such Holder is prohibited by applicable law or Commission policy from participating in the Exchange Offer, or
(B) such Holder may not resell the Exchange Securities acquired by it in the Exchange Offer to the public without delivering a prospectus and that the Prospectus contained in the Exchange Offer Registration Statement is not appropriate or
available for such resales by such Holder, or (C) such Holder is a Broker-Dealer and holds Initial Securities acquired directly from the Issuers or one of their respective affiliates, then, upon such Holder’s request, the Issuers shall

 (x) cause to be filed a shelf registration statement pursuant to Rule 415 under the Securities Act, which may
be an amendment to the Exchange Offer Registration Statement (in either event, the “Shelf Registration Statement”) on or prior to the 30th day after the date such obligation arises but no earlier than the 365th day after the Closing
Date (or if such 365th day is not a Business Day, the next succeeding Business Day) (such date being the “Shelf Filing Deadline”), which Shelf Registration Statement shall provide for resales of all Transfer Restricted Securities
the Holders of which shall have provided the information required pursuant to Section 4(b) hereof; and 

(y) use their best efforts to cause such Shelf Registration Statement to be declared effective by the Commission on or
before the 30th day after the Shelf Filing Deadline (or if such 30th day is not a Business Day, the next succeeding Business Day). 

  
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 Each Issuer shall use its commercially reasonable efforts to keep such Shelf Registration
Statement continuously effective, supplemented and amended as required by the provisions of Sections 6(b) and (c) hereof to the extent necessary to ensure that it is available for resales of Initial Securities by the Holders of Transfer
Restricted Securities entitled to the benefit of this Section 4(a), and to ensure that it conforms with the requirements of this Agreement, the Securities Act and the policies, rules and regulations of the Commission as announced from time to
time, for a period of at least two years following the effective date of such Shelf Registration Statement (or shorter period that will terminate when all the Initial Securities covered by such Shelf Registration Statement have been sold pursuant to
such Shelf Registration Statement). 
 (b) Provision by Holders of Certain Information in Connection with the Shelf
Registration Statement. No Holder of Transfer Restricted Securities may include any of its Transfer Restricted Securities in any Shelf Registration Statement pursuant to this Agreement unless and until such Holder furnishes to the Issuers in
writing, within 20 Business Days after receipt of a request therefor, such information as the Issuers may reasonably request for use in connection with any Shelf Registration Statement or Prospectus or preliminary Prospectus included therein. Each
Holder as to which any Shelf Registration Statement is being effected agrees to furnish promptly to the Issuers all information required to be disclosed in order to make the information previously furnished to the Issuers by such Holder not
materially misleading. 
 SECTION 5. Additional Interest. If (i) any of the Registration Statements required by
this Agreement is not filed with the Commission on or prior to the date specified for such filing in this Agreement, (ii) any of such Registration Statements has not been declared effective by the Commission on or prior to the date specified
for such effectiveness in this Agreement (the “Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 30 Business Days after the Effectiveness Target Date with respect to the Exchange Offer
Registration Statement or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective or fail to be usable for its intended purpose without being succeeded immediately by
a post-effective amendment to such Registration Statement that cures such failure and that is itself immediately declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”), each
Issuer hereby agrees that the interest rate borne by the Transfer Restricted Securities shall be increased by 0.25% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by
0.25% per annum at the end of each subsequent 90-day period, but in no event shall such increase exceed 1.00% per annum. Following the cure of all Registration Defaults relating to any particular Transfer Restricted Securities, the
interest rate borne by the relevant Transfer Restricted Securities will be reduced to the original interest rate borne by such Transfer Restricted Securities; provided, however, that, if after any such reduction in interest rate, a different
Registration Default occurs, the interest rate borne by the relevant Transfer Restricted Securities shall again be increased pursuant to the foregoing provisions. 
 All obligations of each Issuer set forth in the preceding paragraph that are outstanding with respect to any Transfer Restricted Security at the time such security ceases to be a Transfer Restricted
Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full. 

  
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 Notwithstanding anything to the contrary herein, the increased interest rate described in
this Section 5 is the sole and exclusive remedy available to the Holders due to a Registration Default, so long as each Issuer is acting in good faith hereunder, including, without limitation, with respect to satisfying their obligations under
this Agreement. 
 SECTION 6. Registration Procedures. 

(a) Exchange Offer Registration Statement. In connection with the Exchange Offer, each Issuer shall comply with all of the
provisions of Section 6(c) hereof, shall use their reasonable best efforts to effect such exchange to permit the sale of Transfer Restricted Securities being sold in accordance with the intended method or methods of distribution thereof, and
shall use commercially reasonable efforts to comply with the following provision: 
 (i) As a condition to its
participation in the Exchange Offer pursuant to the terms of this Agreement, each Holder of Transfer Restricted Securities shall furnish, upon the request of each Issuer, prior to the Consummation thereof, a written representation to each Issuer
(which may be contained in the letter of transmittal contemplated by the Exchange Offer Registration Statement) to the effect that (A) it is not an affiliate of each Issuer, (B) it is not engaged in, and does not intend to engage in, and
has no arrangement or understanding with any Person to participate in, a distribution of the Exchange Securities to be issued in the Exchange Offer and (C) it is acquiring the Exchange Securities in its ordinary course of business. In addition,
all such Holders of Transfer Restricted Securities shall otherwise cooperate in each Issuer’s preparations for the Exchange Offer. Each Holder hereby acknowledges and agrees that any Broker-Dealer and any such Holder using the Exchange Offer to
participate in a distribution of the securities to be acquired in the Exchange Offer (1) could not under Commission policy as in effect on the date of this Agreement rely on the position of the Commission enunciated in Morgan Stanley and
Co., Inc. (available June 5, 1991) and Exxon Capital Holdings Corporation (available May 13, 1988), as interpreted in the Commission’s letter to Shearman & Sterling dated July 2, 1993, and similar no-action
letters (which may include any no-action letter obtained pursuant to clause (i) above), and (2) must comply with the registration and prospectus delivery requirements of the Securities Act in connection with a secondary resale transaction
and that such a secondary resale transaction should be covered by an effective registration statement containing the selling security holder information required by Item 507 or 508, as applicable, of Regulation S-K if the resales are of
Exchange Securities obtained by such Holder in exchange for Initial Securities acquired by such Holder directly from an Issuer. 

(b) Shelf Registration Statement. In connection with the Shelf Registration Statement, each Issuer shall comply with all the
provisions of Section 6(c) hereof and shall use its best efforts to effect such registration to permit the sale of the Transfer Restricted Securities being sold in accordance with the intended method or methods of distribution thereof, and
pursuant thereto each Issuer will as expeditiously as possible prepare and file with the Commission a Registration Statement relating to the registration on any appropriate form under the Securities Act, which form shall be available for the sale of
the Transfer Restricted Securities in accordance with the intended method or methods of distribution thereof. 

  
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 (c) General Provisions. In connection with any Registration Statement and any
Prospectus required by this Agreement to permit the sale or resale of Transfer Restricted Securities (including, without limitation, any Registration Statement and the related Prospectus required to permit resales of Initial Securities by
Broker-Dealers), each Issuer shall: 
 (i) use its commercially reasonable efforts to keep such Registration
Statement continuously effective and provide all requisite financial statements; upon the occurrence of any event that would cause any such Registration Statement or the Prospectus contained therein (A) to contain a material misstatement or
omission or (B) not to be effective and usable for resale of Transfer Restricted Securities during the period required by this Agreement, each Issuer shall file promptly an appropriate amendment to such Registration Statement, in the case of
clause (A), correcting any such misstatement or omission, and, in the case of either clause (A) or (B), use its reasonable best efforts to cause such amendment to be declared effective and such Registration Statement and the related Prospectus
to become usable for their intended purpose(s) as soon as practicable thereafter; 
 (ii) prepare and file with
the Commission such amendments and post-effective amendments to the applicable Registration Statement as may be necessary to keep the Registration Statement effective for the applicable period set forth in Section 3 or 4 hereof, as applicable,
or such shorter period as will terminate when all Transfer Restricted Securities covered by such Registration Statement have been sold; cause the Prospectus to be supplemented by any required Prospectus supplement, and as so supplemented to be filed
pursuant to Rule 424 under the Securities Act, and to comply fully with the applicable provisions of Rules 424 and 430A under the Securities Act in a timely manner; and comply with the provisions of the Securities Act with respect to the disposition
of all securities covered by such Registration Statement during the applicable period in accordance with the intended method or methods of distribution by the sellers thereof set forth in such Registration Statement or supplement to the Prospectus;

 (iii) advise the underwriter(s), if any, and selling Holders promptly and, if requested by such Persons, to
confirm such advice in writing, (A) when the Prospectus or any Prospectus supplement or post-effective amendment has been filed, and, with respect to any Registration Statement or any post-effective amendment thereto, when the same has become
effective, (B) of any request by the Commission for amendments to the Registration Statement or amendments or supplements to the Prospectus or for additional information relating thereto, (C) of the issuance by the Commission of any stop
order suspending the effectiveness of the Registration Statement under the Securities Act or of the suspension by any state securities commission of the qualification of the Transfer Restricted Securities for offering or sale in any jurisdiction, or
the initiation of any proceeding for any of the preceding purposes, (D) of the existence of any fact or the happening of any event that makes any statement of a material fact made in the Registration Statement, the Prospectus, any amendment or
supplement thereto, or any document incorporated by reference therein untrue, or that requires the making of any additions to or changes in the 

  
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Registration Statement or the Prospectus in order to make the statements therein not misleading. If at any time the Commission shall issue any stop order suspending the effectiveness of the
Registration Statement, or any state securities commission or other regulatory authority shall issue an order suspending the qualification or exemption from qualification of the Transfer Restricted Securities under state securities or blue sky laws,
each Issuer shall use its reasonable best efforts to obtain the withdrawal or lifting of such order at the earliest possible time; 
 (iv) furnish without charge to each of the Initial Purchasers and each selling Holder named in any Registration Statement before filing with the Commission, copies of any Registration Statement or any
Prospectus included therein or any amendments or supplements to any such Registration Statement or Prospectus (including all documents incorporated by reference after the initial filing of such Registration Statement), which documents will be
subject to the review and comment of such Holders in connection with such sale, if any, for a period of at least five Business Days, and the Issuer will not file any such Registration Statement or Prospectus or any amendment or supplement to any
such Registration Statement or Prospectus (including all such documents incorporated by reference) to which an Initial Purchaser of Transfer Restricted Securities covered by such Registration Statement shall reasonably object in writing within five
Business Days after the receipt thereof (such objection to be deemed timely made upon confirmation of telecopy transmission within such period). The objection of an Initial Purchaser shall be deemed to be reasonable if such Registration Statement,
amendment, Prospectus or supplement, as applicable, as proposed to be filed, contains a material misstatement or omission; 
 (v) promptly prior to the filing of any document that is to be incorporated by reference into a Registration Statement or Prospectus, provide copies of such document to the Initial Purchasers and each
selling Holder named in any Registration Statement, make each Issuer’s representatives available for discussion of such document and other customary due diligence matters, and include such information in such document prior to the filing
thereof as such selling Holders or underwriter(s), if any, reasonably may request; 
 (vi) make available at
reasonable times for inspection by the Initial Purchasers participating in any disposition pursuant to such Registration Statement and any attorney or accountant retained by such Initial Purchasers all financial and other records, pertinent
corporate documents and properties of each Issuer and cause each Issuer’s officers, directors and employees to supply all information reasonably requested by any such Holder, attorney or accountant in connection with such Registration Statement
or any post-effective amendment thereto subsequent to the filing thereof and prior to its effectiveness; 
 (vii)
if requested by any selling Holders, promptly incorporate in any Registration Statement or Prospectus, pursuant to a supplement or post-effective amendment if necessary, such information as such selling Holders may reasonably request to have
included therein, including, without limitation, information relating to the “Plan of Distribution” of the Transfer Restricted Securities, information with respect to the principal amount of Transfer Restricted Securities being sold, the
purchase price being paid therefor 

  
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and any other terms of the offering of the Transfer Restricted Securities to be sold in such offering; and make all required filings of such Prospectus supplement or post-effective amendment as
soon as practicable after the Issuer is notified of the matters to be incorporated in such Prospectus supplement or post-effective amendment; 
 (viii) cause the Transfer Restricted Securities covered by the Registration Statement to be rated with the appropriate rating agencies, if so requested by the Holders of a majority in aggregate principal
amount of Securities covered thereby; 
 (ix) if such documents are not publicly available, furnish to each
Initial Purchaser and each selling Holder without charge, at least one copy of the Registration Statement, as first filed with the Commission, and of each amendment thereto, including financial statements and schedules, all documents incorporated by
reference therein and all exhibits (including exhibits incorporated therein by reference); 
 (x) deliver to each
selling Holder without charge, as many copies of the Prospectus (including each preliminary prospectus) and any amendment or supplement thereto as such Persons reasonably may request; each Issuer hereby consents to the use of the Prospectus and any
amendment or supplement thereto by each of the selling Holders in connection with the offering and the sale of the Transfer Restricted Securities covered by the Prospectus or any amendment or supplement thereto; 

(xi) prior to any public offering of Transfer Restricted Securities, cooperate with the selling Holders and their counsel
in connection with the registration and qualification of the Transfer Restricted Securities under the state securities or blue sky laws of such jurisdictions as the selling Holders may request; provided, however, that neither of the Issuers
shall be required to register or qualify as a foreign corporation where it is not then so qualified or to take any action that would subject it to the service of process in suits or to taxation, other than as to matters and transactions relating to
the Registration Statement, in any jurisdiction where it is not then so subject; 
 (xii) cooperate with the
selling Holders to facilitate the timely preparation and delivery of certificates representing Transfer Restricted Securities to be sold and not bearing any restrictive legends; and enable such Transfer Restricted Securities to be in such
denominations and registered in such names as the Holders may request at least two Business Days prior to any sale of Transfer Restricted Securities made by such Holders; 

(xiii) use its reasonable best efforts to cause the Transfer Restricted Securities covered by the Registration Statement
to be registered with or approved by such other governmental agencies or authorities as may be necessary to enable the seller or sellers thereof to consummate the disposition of such Transfer Restricted Securities, subject to the proviso contained
in Section 6(c)(xii) hereof; 
 (xiv) if any fact or event contemplated by Section 6(c)(iii)(D) hereof
shall exist or have occurred, prepare a supplement or post-effective amendment to the Registration Statement or related Prospectus or any document incorporated therein by reference or file any other required document so that, as thereafter delivered
to the purchasers of Transfer 

  
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Restricted Securities, the Prospectus will not contain an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein not misleading;

 (xv) provide a CUSIP number for all Securities not later than the effective date of the Registration Statement
covering such Securities and provide the Trustee under the Indenture with printed certificates for such Securities which are in a form eligible for deposit with The Depository Trust Company and take all other action necessary to ensure that all such
Securities are eligible for deposit with The Depository Trust Company; 
 (xvi) otherwise use its reasonable best
efforts to comply with all applicable rules and regulations of the Commission, and make generally available to its security holders, as soon as practicable, a consolidated earnings statement meeting the requirements of Rule 158 (which need not be
audited) for the twelve-month period beginning with the first month of the Company’s first fiscal quarter commencing after the effective date of the Registration Statement; 

(xvii) cause the Indenture to be qualified under the Trust Indenture Act not later than the effective date of the first
Registration Statement required by this Agreement, and, in connection therewith, cooperate with the Trustee and the Holders of Securities to effect such changes to the Indenture as may be required for such Indenture to be so qualified in accordance
with the terms of the Trust Indenture Act; and to execute, and use its reasonable best efforts to cause the Trustee to execute, all documents that may be required to effect such changes and all other forms and documents required to be filed with the
Commission to enable such Indenture to be so qualified in a timely manner; 
 (xviii) cause all Securities
covered by the Registration Statement to be listed on each securities exchange or automated quotation system on which similar securities issued by the Issuers are then listed if requested by the Holders of a majority in aggregate principal amount of
Initial Securities; and 
 (xix) provide promptly to each Holder upon request each document filed with the
Commission pursuant to the requirements of Section 13 and Section 15 of the Exchange Act, unless such documents are publicly available. 
 Each Holder agrees by acquisition of a Transfer Restricted Security that, upon receipt of any notice from the Issuers of the existence of any fact of the kind described in Section 6(c)(iii)(D)
hereof, such Holder will forthwith discontinue disposition of Transfer Restricted Securities pursuant to the applicable Registration Statement until such Holder’s receipt of the copies of the supplemented or amended Prospectus contemplated by
Section 6(c)(xvi) hereof, or until it is advised in writing (the “Advice”) by the Issuers that the use of the Prospectus may be resumed, and has received copies of any additional or supplemental filings that are incorporated by
reference in the Prospectus. If so directed by the Issuers, each Holder will deliver to the Issuers (at the Issuers’ expense) all copies, other than permanent file copies then in such Holder’s possession, of the Prospectus covering such
Transfer Restricted Securities that was current at the time of receipt of such notice. In the event the Issuers shall give any such notice, the time period regarding the effectiveness of such Registration Statement set forth in Section 3 or 4
hereof, as 

  
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applicable, shall be extended by the number of days during the period from and including the date of the giving of such notice pursuant to Section 6(c)(iii)(D) hereof to and including the
date when each selling Holder covered by such Registration Statement shall have received the copies of the supplemented or amended Prospectus contemplated by Section 6(c)(xvi) hereof or shall have received the Advice; provided, however,
that no such extension shall be taken into account in determining whether Additional Interest is due pursuant to Section 5 hereof or the amount of such Additional Interest, it being agreed that the Issuers’ option to suspend use of a
Registration Statement pursuant to this paragraph shall be treated as a Registration Default for purposes of Section 5 hereof. 
 SECTION 7. Registration Expenses. 
 (a) All expenses incident to the
Issuers’ performance of or compliance with this Agreement will be borne by the Issuers, jointly and severally, regardless of whether a Registration Statement becomes effective, including, without limitation: (i) all registration and filing
fees and expenses (including filings made by any Initial Purchaser or Holder with FINRA; (ii) all fees and expenses of compliance with federal securities and state securities or blue sky laws; (iii) all expenses of printing (including
printing certificates for the Exchange Securities to be issued in the Exchange Offer and printing of Prospectuses), messenger and delivery services and telephone; (iv) all fees and disbursements of counsel for the Issuers and, subject to
Section 7(b) hereof, the Holders of Transfer Restricted Securities; (v) all application and filing fees in connection with listing the Exchange Securities on a securities exchange or automated quotation system pursuant to the requirements
thereof; and (vi) all fees and disbursements of independent certified public accountants of the Issuers (including the expenses of any special audit and comfort letters required by or incident to such performance). 

Each Issuer will, in any event, bear its internal expenses (including, without limitation, all salaries and expenses of its officers and
employees performing legal or accounting duties), the expenses of any annual audit and the fees and expenses of any Person, including special experts, retained by the Issuers. 
 (b) In connection with any Registration Statement required by this Agreement (including, without limitation, the Exchange Offer Registration Statement), the Issuers, jointly and severally, will reimburse
the Initial Purchasers and the Holders of Transfer Restricted Securities being tendered in the Exchange Offer and/or resold pursuant to the “Plan of Distribution” contained in the Exchange Offer Registration Statement or registered
pursuant to the Shelf Registration Statement, as applicable, for the reasonable fees and disbursements of not more than one counsel, who shall be Cahill Gordon & Reindel LLP or such other counsel as may be chosen by the
Holders of a majority in principal amount of the Transfer Restricted Securities for whose benefit such Registration Statement is being prepared. 
 SECTION 8. Indemnification. 
 (a) The Issuers, jointly and severally,
agree to indemnify and hold harmless (i) each Holder and (ii) each Person, if any, who controls (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) any Holder (any of the Persons referred to
in this clause (ii) being hereinafter referred to as a “controlling person”) and (iii) the respective officers, 

  
 -12-

 
directors, partners, employees, representatives and agents of any Holder or any controlling person (any Person referred to in clause (i), (ii) or (iii) may hereinafter be referred to as
an “Indemnified Holder”), to the fullest extent lawful, from and against any and all losses, claims, damages, liabilities, judgments, actions and expenses (including, without limitation, and as incurred, reimbursement of all
reasonable costs of investigating, preparing, pursuing, settling, compromising, paying or defending any claim or action, or any investigation or proceeding by any governmental agency or body, commenced or threatened, including the reasonable fees
and expenses of counsel to any Indemnified Holder), joint or several, directly or indirectly caused by, related to, based upon, arising out of or in connection with any untrue statement or alleged untrue statement of a material fact contained in any
Registration Statement or Prospectus (or any amendment or supplement thereto), or any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, except
insofar as such losses, claims, damages, liabilities or expenses are caused by an untrue statement or omission or alleged untrue statement or omission that is made in reliance upon and in conformity with information relating to any of the Holders
furnished in writing to the Issuers by any of the Holders expressly for use therein. This indemnity agreement shall be in addition to any liability which the Issuers may otherwise have. 

In case any action or proceeding (including any governmental or regulatory investigation or proceeding) shall be brought or asserted
against any of the Indemnified Holders with respect to which indemnity may be sought against the Issuers, such Indemnified Holder (or the Indemnified Holder controlled by such controlling person) shall promptly notify the Issuers in writing;
provided, however, that the failure to give such notice shall not relieve any Issuer of its respective obligations pursuant to this Agreement. Such Indemnified Holder shall have the right to employ its own counsel in any such action and the
fees and expenses of such counsel shall be paid, as incurred, by the Issuers (regardless of whether it is ultimately determined that an Indemnified Holder is not entitled to indemnification hereunder). The Issuers shall not, in connection with any
one such action or proceeding or separate but substantially similar or related actions or proceedings in the same jurisdiction arising out of the same general allegations or circumstances, be liable for the reasonable fees and expenses of more than
one separate firm of attorneys (in addition to any local counsel) at any time for such Indemnified Holders, which firm shall be designated by the Holders. The Issuers shall be liable for any settlement of any such action or proceeding effected with
the Issuers’ prior written consent, which consent shall not be withheld unreasonably, and each Issuer agrees to indemnify and hold harmless any Indemnified Holder from and against any loss, claim, damage, liability or expense by reason of any
settlement of any action effected with the written consent of the Issuers. The Issuers shall not, without the prior written consent of each Indemnified Holder, settle or compromise or consent to the entry of judgment in or otherwise seek to
terminate any pending or threatened action, claim, litigation or proceeding in respect of which indemnification or contribution may be sought hereunder (whether or not any Indemnified Holder is a party thereto), unless such settlement, compromise,
consent or termination includes an unconditional release of each Indemnified Holder from all liability arising out of such action, claim, litigation or proceeding. 
 (b) Each Holder of Transfer Restricted Securities agrees, severally and not jointly, to indemnify and hold harmless the Issuers and their respective directors, officers of the Issuers who sign a
Registration Statement, and any Person controlling (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) the Issuers, and the respective officers,

  
 -13-

 
directors, partners, employees, representatives and agents of each such Person, to the same extent as the foregoing indemnity from the Issuers to each of the Indemnified Holders, but only with
respect to claims and actions based on information relating to such Holder furnished in writing by such Holder expressly for use in any Registration Statement. In case any action or proceeding shall be brought against the Issuers or their respective
directors or officers or any such controlling person in respect of which indemnity may be sought against a Holder of Transfer Restricted Securities, such Holder shall have the rights and duties given the Issuers, and the Issuers, their respective
directors and officers and such controlling person shall have the rights and duties given to each Holder by the preceding paragraph. 
 (c) If the indemnification provided for in this Section 8 is unavailable to an indemnified party under Section 8(a) or (b) hereof (other than by reason of exceptions provided in those
Sections) in respect of any losses, claims, damages, liabilities, judgments, actions or expenses referred to therein, then each applicable indemnifying party, in lieu of indemnifying such indemnified party, shall contribute to the amount paid or
payable by such indemnified party as a result of such losses, claims, damages, liabilities or expenses in such proportion as is appropriate to reflect the relative benefits received by the Issuers, on the one hand, and the Holders, on the other
hand, from the Initial Placement (which in the case of the Issuers shall be deemed to be equal to the total net proceeds to the Issuers from the Initial Placement), the amount of Additional Interest which did not become payable as a result of the
filing of the Registration Statement resulting in such losses, claims, damages, liabilities, judgments actions or expenses, and such Registration Statement, or if such allocation is not permitted by applicable law, the relative fault of the Issuers,
on the one hand, and the Holders, on the other hand, in connection with the statements or omissions which resulted in such losses, claims, damages, liabilities or expenses, as well as any other relevant equitable considerations. The relative fault
of the Issuers, on the one hand, and of the Indemnified Holder, on the other hand, shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to
state a material fact relates to information supplied by the Issuers, on the one hand, or the Indemnified Holders, on the other hand, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such
statement or omission. The amount paid or payable by a party as a result of the losses, claims, damages, liabilities and expenses referred to above shall be deemed to include, subject to the limitations set forth in the second paragraph of
Section 8(a) hereof, any legal or other fees or expenses reasonably incurred by such party in connection with investigating or defending any action or claim. 
 The Issuers and each Holder of Transfer Restricted Securities agree that it would not be just and equitable if contribution pursuant to this Section 8(c) were determined by pro rata allocation (even
if the Holders were treated as one entity for such purpose) or by any other method of allocation which does not take account of the equitable considerations referred to in the immediately preceding paragraph. The amount paid or payable by an
indemnified party as a result of the losses, claims, damages, liabilities or expenses referred to in the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably
incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 8, none of the Holders (and their related Indemnified Holders) shall be required to
contribute, in the aggregate, any amount in excess of the amount by which the total discount received by such Holder with respect to the Initial Securities exceeds the amount of any damages which such Holder has otherwise

  
 -14-

 
been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No Person guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(c) are several in
proportion to the respective principal amount of Initial Securities held by each of the Holders hereunder and not joint. 

SECTION 9. Rule 144A. Each Issuer hereby agrees with each Holder, for so long as any Transfer Restricted Securities remain
outstanding, to make available to any Holder or beneficial owner of Transfer Restricted Securities in connection with any sale thereof and any prospective purchaser of such Transfer Restricted Securities from such Holder or beneficial owner, the
information required by Rule 144A(d)(4) under the Securities Act in order to permit resales of such Transfer Restricted Securities pursuant to Rule 144A under the Securities Act. 

SECTION 10. [Reserved]. 
 SECTION 11. [Reserved]. 
 SECTION 12. Miscellaneous.

 (a) Remedies. Each Issuer hereby agrees that monetary damages would not be adequate compensation for any loss incurred
by reason of a breach by it of the provisions of this Agreement and hereby agree to waive the defense in any action for specific performance that a remedy at law would be adequate. 

(b) No Inconsistent Agreements. Each Issuer will not on or after the date of this Agreement enter into any agreement with respect
to its securities that would prevent consummation of the Exchange Offer or the performance by the Issuers of their obligations hereunder or otherwise conflicts with the provisions hereof. The Issuers have not previously entered into any agreement
granting any registration rights with respect to the Initial Securities to any Person. The rights granted to the Holders hereunder do not in any way conflict with and are not inconsistent with the rights granted to the holders of the Issuers’
securities under any agreement in effect on the date hereof. 
 (c) Adjustments Affecting the Securities. The Issuers
will not take any action, or permit any change to occur, with respect to the Securities that would materially and adversely affect the ability of the Holders to Consummate any Exchange Offer. 

(d) Amendments and Waivers. The provisions of this Agreement may not be amended, modified or supplemented, and waivers or consents
to or departures from the provisions hereof may not be given unless the Issuers have (i) in the case of Section 5 hereof and this Section 12(d)(i), obtained the written consent of Holders of all outstanding Transfer Restricted
Securities and (ii) in the case of all other provisions hereof, obtained the written consent of Holders of a majority of the outstanding principal amount of Transfer Restricted Securities (excluding any Transfer Restricted Securities held by
the Issuers or their Affiliates). Notwithstanding the foregoing, a waiver or consent to depart from the provisions hereof that relates exclusively to the rights of Holders whose securities are being tendered pursuant to the Exchange Offer and that
does not affect directly or indirectly the rights of other Holders whose securities are not 

  
 -15-

 
being tendered pursuant to such Exchange Offer may be given by the Holders of a majority of the outstanding principal amount of Transfer Restricted Securities being tendered or registered;
provided, however, that, with respect to any matter that directly or indirectly affects the rights of any Initial Purchaser hereunder, the Issuers shall obtain the written consent of each such Initial Purchaser with respect to which such
amendment, qualification, supplement, waiver, consent or departure is to be effective. 
 (e) Notices. All notices and
other communications provided for or permitted hereunder shall be made in writing by hand-delivery, first-class mail (registered or certified, return receipt requested), telex, telecopier, or air courier guaranteeing overnight delivery: 

(i) if to a Holder, at the address set forth on the records of the Registrar under the Indenture, with a copy to the
Registrar under the Indenture; and 
 (ii) if to the Issuers: 

Ladder Capital Finance Holdings LLLP 
 Ladder Capital Finance Corporation 
 345 Park Avenue,
8th Floor 

New York, NY 10154 
 Telecopier No.: (212) 715-3199 
 Attention: Marc Fox and Pamela McCormack

 With a copy to: 
 Kirkland & Ellis LLP 
 601 Lexington Avenue 

New York, New York 10022 
 Telecopier No.: (212) 446-6460 
 Attention: Joshua N. Korff, Esq. 

All such notices and communications shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; five
Business Days after being deposited in the mail, postage prepaid, if mailed; when answered back, if telexed; when receipt acknowledged, if telecopied; and on the next Business Day, if timely delivered to an air courier guaranteeing overnight
delivery. 
 Copies of all such notices, demands or other communications shall be concurrently delivered by the Person giving
the same to the Trustee at the address specified in the Indenture. 
 (f) Successors and Assigns. This Agreement shall
inure to the benefit of and be binding upon the successors and assigns of each of the parties, including, without limitation, and without the need for an express assignment, subsequent Holders of Transfer Restricted Securities; provided,
however, that this Agreement shall not inure to the benefit of or be binding upon a successor or assign of a Holder unless and to the extent such successor or assign acquired Transfer Restricted Securities from such Holder. 

  
 -16-

 (g) Counterparts. This Agreement may be executed in any number of counterparts and by
the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 

(h) Headings. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the
meaning hereof. 
 (i) Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS. 
 (j) Severability. In the event that any one or more of the
provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions contained
herein shall not be affected or impaired thereby. 
 (k) Entire Agreement. This Agreement is intended by the parties as a
final expression of their agreement and intended to be a complete and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein. There are no restrictions, promises, warranties or
undertakings, other than those set forth or referred to herein with respect to the registration rights granted by each Issuer with respect to the Transfer Restricted Securities. This Agreement supersedes all prior agreements and understandings
between the parties with respect to such subject matter. 

  
 -17-

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

					
	LADDER CAPITAL FINANCE HOLDINGS LLLP
		
	By:	 	 /s/ Pamela McCormack

		 	Name:	 	Pamela McCormack
		 	Title:	 	 Managing Director, Head of Transaction Management, General Counsel and Secretary

	
	LADDER CAPITAL FINANCE CORPORATION
		
	By:	 	 /s/ Pamela McCormack

		 	Name:	 	Pamela McCormack
		 	Title:	 	Secretary

  
 -18-

 The foregoing Registration Rights Agreement is hereby confirmed and accepted by the Initial
Purchasers as of the date first above written. 
  

			
	J.P. MORGAN SECURITIES LLC
	DEUTSCHE BANK SECURITIES INC.
	WELLS FARGO SECURITIES, LLC
	CITIGROUP GLOBAL MARKETS INC.
	MERRILL LYNCH, PIERCE, FENNER & SMITH
	                            
  INCORPORATED
		
	By:	 	 J.P. MORGAN SECURITIES LLC
 for
itself and the other several Initial Purchasers

		
	By:	 	 /s/ J.W. Price

		 	Name: J.W. Price
		 	Title: Executive Director

 [Registration Rights Agreement]EX-10.1

 Exhibit 10.1 
 FORM OF EMPLOYMENT AGREEMENT 
 This EMPLOYMENT AGREEMENT (this
“Agreement”) is entered into as of                  , 201     by and between Ladder Capital Finance LLC, a Delaware limited
liability company (the “Company”), and [EXECUTIVE’S NAME] (“Executive”). 

WHEREAS, the Company and Executive desire to enter into this Agreement in order to set forth, among other things, the terms of
Executive’s employment with the Company during the Employment Period (as herein defined). 
 NOW THEREFORE, in
consideration of the premises and mutual covenants set forth herein, and other consideration, the receipt of which is hereby acknowledged, the Company and Executive hereby agree as follows: 

1. Position and Employment. The Company agrees to employ Executive, and Executive hereby accepts employment with the Company, to
serve as the Company’s [EXECUTIVE’S TITLE] upon the terms and subject to the conditions as set forth in this Agreement for the period beginning on the Commencement Date and ending on the earliest to occur of
(i) Executive’s death, (ii) Executive’s disability, (ii) termination of Executive’s employment with the Company by the Company in accordance with Section 4 below and (iv) termination of Executive’s
employment with the Company as a result of a resignation by Executive in accordance with Section 4 below (such period shall be referred to as the “Employment Period”). For purposes of this Agreement,
“Commencement Date” means [the date hereof / on or about                     , on which date Executive shall commence
Executive’s employment with the Company]. 
 2. Reporting, Duties, and Other Covenants. 

(a) Reporting. During the Employment Period, Executive shall report to the Company’s [chief executive
officer (the “Chief Executive Officer”)] or such other senior executive as may be designated by (i) the Board of Directors of the Company’s ultimate parent, Ladder Capital Finance Holdings LLLP
(“Holdings”) or, if the Company ceases to be a direct or indirect subsidiary of Holdings, then the Board of Directors of the Company (in either case, the “Board” and collectively, the “Boards”)
and/or (ii) the [Chief Executive Officer]. 
 (b) Duties. During the Employment Period,
Executive shall serve the Company as [EXECUTIVE’S TITLE] and shall have the normal duties, responsibilities and authority of a [EXECUTIVE’S TITLE], subject to the power of the Company’s Chief Executive Officer, such
person’s direct report (if other than the Company’s Chief Executive Officer) and the Board to expand such duties, responsibilities and authority and to identify specific decisions or actions that require consultation with, or the consent
of, the Company’s Chief Executive Officer, such direct report and/or the Board. 
 (c) Executive
Covenants. 
 (i) Executive acknowledges and agrees that during the Employment Period Executive will be
subject to and will comply with the policies and procedures of the 

  
 1 

 
Company, as may be established, amended, or terminated from time to time, including those generally applicable to senior management employees of the Company, and specifically including the
Company’s policy prohibiting employees (and, for the avoidance of doubt, former employees during any Severance Period) from joining or participating in professional networks that constitute “Executive Councils” as that term is defined
in such policy (the “Professional Network Policy”). 
 (ii) Subject to Section 3(d),
during the Employment Period, Executive shall devote Executive’s full business time and attention to the business and affairs of the Company, Holdings, and their respective subsidiaries, whether currently existing or hereafter acquired or
formed (collectively, the “Ladder Companies”). 
 (iii) The Company may apply for, obtain, and
maintain a key man life insurance policy in the name of Executive, the beneficiary of which shall be the Company. Executive shall submit to reasonable physical examinations and answer reasonable questions as may be required in connection with the
application and, if obtained, the maintenance of, such insurance policy. 
 (d) Company Covenants.

 (i) [During the Employment Period, the Company shall obtain and maintain director’s and
officer’s insurance for Executive (in such amounts as are customary for executives of businesses of size and nature comparable to that of the Company). In the event any such insurance policy is terminated for any reason, the Company shall give
timely notice to Executive of such termination and shall promptly obtain an appropriate replacement policy. To the extent that there is any gap in coverage of such insurance policy, the Company agrees to defend, indemnify and hold Executive
harmless, to the maximum extent permitted by law, in accordance with the indemnification provisions set forth in Section 8 hereof.] 
 (ii) [During the Employment Period, Executive may continue to engage in charitable activities so long as such charitable work does not interfere with the fulfillment of Executive’s duties under
this Agreement.] 
 (iii) [Following the Commencement Date, the Company shall promptly pay
Executive’s reasonable out-of-pocket expenses incurred prior to the Commencement Date, in connection with the negotiation and preparation of this Agreement, any predecessor term sheets, any incentive equity agreements contemplated by the
parties and legal advice related to any such documents.] 
 3. Base Salary and Benefits. 

(a) Base Salary. Executive’s base salary shall be in an amount set by the Board, but under no circumstances
will be less than $        per annum (the “Base Salary”), which Base Salary shall be payable in regular installments in accordance with the Company’s general payroll practices and
shall be subject to customary withholding and other customary deductions. 

  
 2 

 (b) Bonus. Subject to
Section 4, after each fiscal year during the Employment Period, Executive shall be eligible to participate in any bonus pool as may be established from time to time by the Board or the compensation committee of the Board (the
“Compensation Committee”) in its sole discretion (any payment made to Executive from any such bonus pool shall be referred to herein as a “Year End Bonus”). The amount of any Year End Bonus shall be determined by
the Board, after receiving the recommendations of the Compensation Committee; provided that (i) Executive’s targeted Year End Bonus for the fiscal year ending December 31, [201    ] shall be
[$        ] and (ii) any Year End Bonus paid for the Company’s fiscal year ending December 31, [201    ] shall be pro rated based on the number of days
during such fiscal year with respect to which the Employment Period shall have occurred. In determining the amount of any Year End Bonus for any particular fiscal year of the Company, the Compensation Committee and the Board shall give consideration
to both Executive’s individual performance during such fiscal year as well as the overall financial performance of the Ladder Companies for such fiscal year (including, without limitation, how such overall financial performance of the Ladder
Companies for such fiscal year compares to the budgeted financial performance of the Ladder Companies for such fiscal year). The Year End Bonus, if any, shall be payable no later than February 15th of the fiscal year following the fiscal year with respect to which
such Year End Bonus shall have accrued. Executive acknowledges and agrees that the Company has not guaranteed the payment of any Year End Bonus, and that any Year End Bonus that may be paid by the Company shall be subject to customary withholding
and other customary deductions. 
 (c) Benefits. Executive shall be entitled to participate in the
Company’s standard employee benefits programs for which employees of the Company are generally eligible, including, without limitation, life, disability, group medical and dental insurance benefits (collectively, the
“Benefits”). The Company agrees that, solely to the extent permitted by the plans governing any health insurance coverage that is a component of the Benefits, Executive shall be entitled to designate Executive’s spouse or
domestic partner and children as dependents for purposes of such health insurance. Executive recognizes that the Company reserves the right to change its standard employee benefit programs from time to time. 

(d) Vacation/Holidays. Executive shall be entitled to at least [27 for MDs (as per October 2011 Employment
Manual)] days of paid vacation during each calendar year in addition to sick days and recognized holidays, each in accordance with the Company’s applicable policies in effect from time to time. 

(e) Expenses. The Company shall reimburse Executive for all customary business expenses (including travel and
entertainment) incurred by Executive in the course of performing Executive’s duties under this Agreement, subject to the Company’s policies in effect from time to time regarding expense reimbursement, including with respect to the
reporting and documentation of such expenses. 
 (f) [Relocation Allowance. The Company shall reimburse
Executive for direct and indirect costs incurred in securing a residence in the [                    ] metropolitan area (but excluding any broker or
real estate agent fees or commissions) and customary van line and other moving-related expenses for the movement of 

  
 3 

 
Executive’s household items and personal belongings to [                    ] in an
aggregate amount equal to the lesser of (i) the actual amount of such expenses and (ii) [$        ] (the “Cap”). If any of the amounts reimbursed to Executive pursuant to this
Section 3(f) are required to be included in Executive’s income for federal or state income or employment tax purposes, then Executive shall be entitled to receive a payment from the Company (a “Gross-Up Payment”) in
an amount such that, after payment by the Executive of all income and employment taxes imposed on the benefits provided under this Section 3(f) and such Gross-Up Payment, Executive would be in the same tax position as he would have been
without having received the benefits provided for in this Section 3(f); provided, that, for the avoidance of doubt, any Gross-Up Payment shall be applied toward, and be subject to, the Cap. Such reimbursement shall be subject to
Executive’s submission to the Company of invoices or other instruments evidencing such expenses.] 
 4. Termination
of the Employment Period. 
 (a) Termination. The Company may terminate Executive’s employment at
any time upon written notice to Executive, subject to the expiration of any applicable cure periods set forth herein in the case of a termination for Cause (as defined in Section 4(d)). Executive may resign at any time upon sixty
(60) days prior written notice to the Company (unless such resignation by Executive is with Good Reason (as defined in Section 4(e), in which case, subject to any applicable cure periods set forth in Section 4(e)),
provided, however, under such circumstances the Company may waive the notice period and relieve Executive of all duties at any time during the notice period. Upon the date Executive ceases to be employed by the Company for any reason (including,
without limitation, due to Executive’s death or disability), the Employment Period shall be deemed to have ended, and (i) Executive shall be entitled to receive Executive’s Base Salary through the date of such termination, subject to
withholding and other appropriate deductions, (ii) Executive shall be entitled to receive reimbursement for expenses accrued during the Employment Period in accordance with Section 3(e) and (iii) only as and to the extent
expressly provided in Section 4(c) below, if applicable, the Severance Payment (as defined below). 

(b) Payments. Except as expressly provided in Section 4(a), upon the date Executive ceases to be
employed by the Company, (i) all of Executive’s rights to Base Salary, other compensation (including Year End Bonus), and Benefits (except as mandated by applicable law) hereunder (if any) shall cease and (ii) no other severance,
compensation, or retirement benefits shall be payable by the Ladder Companies to Executive other than the Severance Payment (as defined in Section 4(c) below), if applicable. Notwithstanding anything to the contrary contained herein but
except as required by applicable law, Executive shall not be entitled to receive any payments, benefits, or other compensation under Section 4(c) unless and until Executive has executed and delivered to the Company a general release
acceptable to the Company (the “General Release”) and such General Release has become effective. Any payments paid to Executive pursuant to Section 4(c) shall be paid in accordance with the Company’s general payroll
practices in ratable installments made at the end of each of the first four calendar quarters following the date upon which Executive is no longer employed by the Company, subject, in each case, to withholding and other deductions required by law or
authorized in writing by Executive. 

  
 4 

 (c) [Include Paragraph Only if Executive is Subject to a Non-Compete; if
not, take out references in document to this section also] Severance. If and only if Executive’s employment with the Company ends as a result of a termination of Executive’s employment by the Company without Cause (as defined in
Section 4(d)), or as a result of Executive’s resignation for Good Reason (as defined in forth in Section 4(e)), then the Company shall pay to Executive Executive’s then Base Salary and continue to provide Executive
(and Executive’s beneficiaries, as applicable) with all group medical and dental insurance benefits then in effect, in each case, for the [six-month] period beginning on the effective date of the termination of Executive’s
employment with the Company (“Severance Period”); provided, that in lieu of continuing such benefits as set forth above, the Company may provide Executive with a payment equal to (x) the after-tax (i.e.,
“grossed up”) cost of Executive purchasing in the open market the continuation of such benefits for a such extension period or (y) the value of the continuation of such benefits if such benefits cannot readily be purchased by
Executive in the open market; provided further, that the Company will be under no obligation to provide or pay the cost (or remaining cost) of such coverage if such provision or payment subjects the Company to any penalty, excise or other tax
associated with such payment or coverage. Notwithstanding the foregoing, if at any time during the Severance Period Executive (i) accepts employment with any other person or entity, (ii) breaches any of Executive’s covenants or
obligations under the General Release or under Sections 5, 6, or 9 of this Agreement, or (iii) engages in any conduct prohibited by the Professional Network Policy (the prohibitions of which Executive acknowledges survive the
termination of the Employment Period for the full Severance Period), then the Severance Period and the Company’s obligation to make the payments and provide the benefits contemplated by this Section 4(c) shall automatically
terminate. Executive covenants that Executive shall provide the Company with prompt written notice if Executive accepts employment with any person or entity during the Severance Period. Any and all payments that may be made to Executive pursuant to
the terms of this Section 4(c) shall be referred to herein as the “Severance Payment”. For the avoidance of doubt, Executive shall not be entitled to receive any Severance Payment or any other form of severance unless
his or her employment is terminated by the Company without Cause.] 
 (d) Definition of Cause. For
purposes of this Agreement, “Cause” shall mean: (A) Executive’s willful and material violation of the Company’s written policies and/or procedures where such policies and/or procedures (1) are reasonable, legal,
and ethical and (2) have been made available to Executive in writing; (B) Executive’s engagement in willful misconduct materially injurious to the financial condition of the Company and Executive’s failure to cure such misconduct
and injury (if such misconduct and injury are capable of cure) within thirty days following delivery by the Board to Executive of a written notice of such misconduct and injury; (C) Executive’s material breach of any provision of this
Agreement and Executive’s failure to cure such breach (if such breach is capable of cure) within thirty days following delivery by the Board to Executive of a written notice which specifically identifies the provision in this Agreement which
the Board believes Executive has materially breached and the specific conduct constituting such material breach; (D) Executive’s engagement in theft, embezzlement, fraud, or material misappropriation of any of the Company’s property;
or (E) Executive’s conviction by a court of competent jurisdiction of (or Executive’s plea of guilty or nolo contendere to) a felony [involving dishonesty or moral turpitude (excluding any motoring offense for which a
non-custodial sentence is received and excluding any conviction for “driving under the influence” or “driving while intoxicated”)]. 

  
 5 

 (e) Definition of Good Reason. For purposes of this Agreement,
“Good Reason” shall mean: (A) without Executive’s express written consent, (1) any change in reporting duties such that Executive no longer reports to [the Board/the Chief Executive Officer/or any other senior
executive of the Company] or (2) a change in Executive’s title; (B) without Executive’s prior written consent, the relocation of Executive’s office to a location outside of [New York, New York / other applicable
location] other than for travel in the course of Executive’s duties; or (C) without Executive’s prior written consent, any reduction of Executive’s Base Salary below [$        ]
per annum or any material reduction in the Benefits taken as a whole or any material breach by the Company of this Agreement, and, in any such case, the Board’s failure to cure such reduction or breach (if such reduction or breach is
capable of cure) within thirty days following delivery by Executive to the Board of a written notice which specifically identifies such reduction or breach. 
 5. Confidential Information. Executive acknowledges that the non-public information and data obtained by Executive while employed by any Ladder Company concerning the business or affairs of the
Ladder Companies and their affiliates (“Confidential Information”) are the property of the Ladder Companies. Therefore, except as may be otherwise required by law or legal process, Executive agrees that, during the period between
the date hereof and the Commencement Date, during the Employment Period and at all times thereafter, Executive shall not disclose to any unauthorized person or use for Executive’s own purposes any Confidential Information without the prior
written consent of the Board other than in a good faith effort during the Employment Period to promote the interests of the Ladder Companies. Executive shall deliver to the Company at the termination of the Employment Period, or at any other time
the Company may request, all memoranda, notes, plans, records, reports, computer files and related back-ups, printouts, software, and other documents and data (and copies thereof) relating to the Confidential Information, Work Product (as defined in
Section 6), or the business of any Ladder Company which Executive may then possess or have under Executive’s control. Notwithstanding anything to the contrary in this Section 5, (i) Confidential Information
shall not include: (A) information to the extent that it is or becomes generally available to the public (other than as a result of the acts or omissions of Executive) and (B) information to the extent that it is disclosed to Executive by
a party or person that is not under any obligation to keep such information confidential; and (ii) if Executive is required to disclose or discuss Confidential Information by order of a court of competent jurisdiction, Executive may disclose
such Confidential Information (provided that in such case, Executive shall promptly inform the Company of such order, cooperate with Company efforts to prevent or restrict disclosure, and shall only disclose Confidential Information to the
extent necessary to comply with any such court order). 
 6. Inventions and Patents. Executive acknowledges that all
inventions, innovations, improvements, enhancements, modifications, developments, methods, designs, analyses, drawings, reports, and all similar or related information (whether or not patentable) which relate to any Ladder Company’s actual or
anticipated business, research, and development or existing or future products or services and which are conceived, developed, or made by Executive while employed by any Ladder Company (collectively, “Work Product”) belong to the

  
 6 

 
applicable Ladder Company. Any copyrightable work falling within the definition of Work Product shall be deemed a “work made for hire” as such term is defined in 17 U.S.C.
Section 101, and ownership of all right, title, and interest herein shall vest in the applicable Ladder Company. To the extent that any Work Product is not deemed to be a “work made for hire” under applicable law or all right, title,
and interest in and to such Work Product has not automatically vested in the applicable Ladder Company, Executive hereby irrevocably assigns, transfers and conveys, to the full extent permitted by applicable law, all right, title and interest in and
to the Work Product on a worldwide basis to the applicable Ladder Company, without further consideration. Executive shall perform all actions reasonably requested by the Company to establish and confirm such ownership (including, without limitation,
assignments, consents, powers of attorney, and other instruments). Notwithstanding the foregoing, (i) no Ladder Company shall have any right, title, or interest in any work product or copyrightable work developed by Executive outside of work
hours and without the use of any of Ladder Company’s resources or facilities that does not relate to the business of any Ladder Company and does not result from any work performed by Executive for any Ladder Company and (ii) Work Product
shall not include business methods, contract structures, document forms and similar information developed or made by Executive prior to Executive’s employment by any Ladder Company (collectively, to the extent used during the Employment Period
by any Ladder Company, “Prior Works”), even if Executive uses such methods, structures, forms or information in the course of Executive’s employment with any Ladder Company. Executive hereby grants the Ladder Companies a
perpetual, irrevocable, non-exclusive, royalty-free, worldwide, assignable, sublicensable license under all rights in any Prior Works for all purposes in connection with the Ladder Companies’ current and future businesses. 

7. Cooperation with Investigation. During the Employment Period and thereafter, Executive shall cooperate with the applicable
Ladder Company in any internal investigation or administrative, regulatory, or judicial proceeding as reasonably requested by the Company (including, without limitation, Executive’s being available to the Company upon reasonable notice for
interviews and factual investigations, appearing at the Company’s request to give testimony without requiring service of a subpoena or other legal process, volunteering to the Company all pertinent information, and turning over to the Company
all relevant documents which are or may come into Executive’s possession, all at times and on schedules that are reasonably consistent with Executive’s other permitted activities and commitments if Executive is then employed by the
Company) (any such cooperation requested by the Company, collectively, “Investigation Assistance”). Such Investigation Assistance will be (i) without additional compensation (if Executive is then employed by the Company) or
(ii) for reasonable compensation along with reimbursement for all out-of-pocket costs and expenses incurred in connection therewith (if Executive is not then employed by the Company). 

8. Indemnification. The Company agrees to defend, indemnify and hold Executive and Executive’s heirs and representatives
harmless, to the maximum extent permitted by law, against any and all damages, costs, liabilities, losses, and out-of-pocket expenses (including actual attorneys’ fees) as a result of any claim or proceeding (whether civil, criminal,
administrative, or investigative), or any threatened claim or proceeding (whether civil, criminal, administrative, or investigative), against Executive that arises out of or relates to Executive’s lawful service as an officer, director, or
employee, as the case may be, of the Company, or Executive’s service in any such capacity or similar capacity with any Ladder Company or other 

  
 7 

 
entity at the request of the Company, and to promptly advance to Executive or Executive’s heirs or representatives such expenses upon written request with appropriate documentation of such
expense and receipt of an undertaking by Executive or on Executive’s behalf to repay such amount if it shall ultimately be determined in a final, non-appealable judgment from a court of competent jurisdiction that Executive is not entitled to
be indemnified by the Company. If Executive has any knowledge of any actual or threatened action, suit, or proceeding, whether civil, criminal, administrative, or investigative, as to which Executive may request indemnity under this provision,
Executive shall give the Company prompt written notice thereof; provided that the failure to give such notice shall not affect Executive’s right to indemnification. The Company shall be entitled to assume the defense of any such
proceeding, and Executive shall use reasonable efforts to cooperate with such defense. To the extent that Executive in good faith determines that there is an actual or potential conflict of interest between the Company and Executive in connection
with the defense of a proceeding, Executive shall so notify the Company and shall be entitled to separate representation at the Company’s expense by counsel selected by Executive (provided that the Company may reasonably object to the
selection of counsel within ten business days after notification thereof), which counsel shall cooperate, and coordinate the defense, with the Company’s counsel and minimize the expense of such separate representation to the extent consistent
with Executive’s separate defense. The Company shall not be liable for any settlement of any proceeding effected without its prior written consent but shall not unreasonably withhold such consent. 

9. Outside Business Activities. Executive shall disclose to the Company any outside business activities, including, without
limitation: self-employment; commercial or business ventures and employment with other companies; serving as an officer, director or trustee (or similar capacity) of another entity; or serving as an officer, director or trustee (or in a similar
capacity) of a not-for-profit or government organization (collectively, “Outside Business Activities”) as these could lead to potential conflicts of interest, raise insider trading concerns, or otherwise interfere with
Executive’s duties to the Company and its clients. The Company reserves the right to require that Executive terminate any such Outside Business Activity as a condition to continued employment. Notwithstanding the foregoing, the ownership by
Executive of less than 5% of any class of publicly traded equity securities of any corporation, will not be deemed to be a breach of this Section 9. 
 10. Non-Solicitation.1 
 (a) In further consideration of the compensation to be paid to
Executive hereunder, Executive acknowledges that in the course of Executive’s employment with the Company Executive has and will continue to become familiar with the Ladder Companies’ trade secrets and with other Confidential Information
concerning the Ladder Companies and that Executive’s services shall be of special, unique, and extraordinary value to the Ladder Companies. Therefore, Executive agrees that during the Restrictive Period (as defined below), Executive shall not
for any reason whatsoever, directly or indirectly, for Executive or on behalf of or in conjunction with any other person, persons, company, partnership, 

 

	1 	 Note: For those Executives whose competitive activities the Company would like to restrict, incorporate the Non-Competition section provided in
Exhibit A, and update section number references accordingly. 

  
 8 

 
corporation, business, or other entity of whatever nature, solicit, hire, retain as an employee or independent contractor, or interfere with any Ladder Company’s relationship with any
employee, investor, or customer of any Ladder Company (or any person who was an employee, investor, or customer of any Ladder Company within the past twelve months). For purposes of this Agreement, “Restrictive Period” shall mean
the period beginning on the date hereof and ending on the date Executive’s employment with the Company ends plus the [six-month] period immediately following the date of separation of Executive’s employment with the Company for any
reason. 
 (b) If, at the time of enforcement of this Section 10, a court shall hold that the
duration or scope restrictions stated herein are unreasonable under circumstances then existing, the parties agree that the maximum duration or scope reasonable under such circumstances shall be substituted for the stated duration or scope and that
the court shall be allowed to revise the restrictions contained herein to cover the maximum period and scope permitted by law 
 (c) Each of Executive and the Company acknowledges and agrees that the Company will suffer irreparable harm from a breach by Executive of any of the covenants or agreements contained in
Section 5 or this Section 10. Executive further acknowledges that the restrictive covenants set forth in this Section are of a special, unique, and extraordinary character, the loss of which cannot be adequately
compensated by monetary damages. Executive agrees that the terms and provisions of this Section 10 are fair and reasonable and are reasonably required for the protection of the Company in whose favor such restrictions operate.
Executive acknowledges that, but for Executive’s agreements to be bound by the restrictive covenants set forth in Section 5 and this Section 10, the Company would not have entered into this Agreement. In
the event of an alleged or threatened breach by Executive of any of the provisions of Section 5 or this Section 10, the Company or its successors or assigns may, in addition to all other rights and remedies
existing in its or their favor, apply to any court of competent jurisdiction for specific performance and/or injunctive or other equitable relief in order to enforce or prevent any violations of the provisions hereof (including, without limitation,
the extension of the Restrictive Period by a period equal to the duration of the violation of this Section 10). 
 (d) The refusal or failure of the Company to enforce any of the restrictive covenants set forth in Section 5 or this Section 10 against Executive, for any reason,
shall not constitute an act of precedent or a defense to the enforcement by the Company of the restrictive covenants set forth herein, nor shall it give rise to any claim or cause of action by Executive against the Company. If any action should have
to be brought by the Company against Executive to enforce the restrictive covenants set forth in Section 5 or this Section 10, the Company is entitled to seek preliminary and permanent injunctive relief
restraining Executive from violating any of such restrictive covenants and shall be entitled to seek all other legal and equitable remedies provided under New York law. Executive expressly acknowledges that the restrictive covenants set forth in
Section 5 or this Section 10 apply to any successor or assign of the Company as a direct third-party beneficiary and that such restrictive covenants are expressly intended for the benefit of such successor or
assign. 

  
 9 

 11. Miscellaneous. 

(a) Notices. All notices, demands, or other communications to be given or delivered under or by reason of the
provisions of this Agreement will be in writing and will be deemed to have been given when delivered personally, two business days after being mailed by certified or registered mail, return receipt requested and postage prepaid, or one business day
after being sent via a nationally recognized overnight courier. Such notices, demands, and other communications will be sent to the addresses indicated below: 
 To the Company: 
 Ladder Capital Finance LLC 

345 Park Avenue, 8th Floor 
 New York, NY 10154 

Attention:        Brian Harris and Pamela McCormack 

with a copy (which shall not constitute notice to the Company) to: 

Kirkland & Ellis LLP 
 Citigroup Center 
 601 Lexington Avenue 

New York, NY 10022 
 Attention:        Brian Raftery, Esq. 
 To
Executive: 
  

					
		 	  
	 	
		 	  
	 	
		 	  
	 	

 or such other addresses or to the attention of such other persons as the recipient party shall have specified by prior
written notice to the sending party. 
 (b) Remedies. In addition and supplementary to other rights and
remedies existing in the Company’s or Executive’s favor, the Company or Executive may apply to any court of law or equity of competent jurisdiction for specific performance and/or injunctive or other relief in order to enforce or prevent
any violations of the provisions hereof. 
 (c) Choice of Law. All issues and questions concerning the
construction, validity, enforcement, and interpretation of this Agreement shall be governed by, and construed in accordance with, the laws of the State of New York, without giving effect to any choice of law or conflict of law rules or provisions
that could cause the applications of the laws of any jurisdiction other than the State of New York. 
 (d)
Representation by Executive. Executive represents and warrants to the Company that Executive is not a party to any agreement containing a noncompetition provision or other restriction with respect to (i) the nature of any services or
business which Executive is entitled to perform or conduct for the Company (or any other Ladder Company) under this Agreement, or (ii) the disclosure or use of any information which directly or indirectly relates to the nature of the business
of any Ladder Company or the services to be rendered by Executive under this Agreement. 

  
 10 

 (e) Complete Agreement. This Agreement shall embody the complete
agreement and understanding among the parties and supersede and preempt any prior understandings, agreements, or representations by or among the parties, written or oral, which may have related to the subject matter hereof in any way. 

(f) Successor and Assigns. This Agreement is intended to bind and inure to the benefit of and be enforceable by
Executive individually and the Company and its respective successors and assigns. The duties and obligations of the Executive under this Agreement, being personal, may not be delegated. 

(g) Amendment. Other than otherwise expressly provided herein, this Agreement may be amended, and any provision
hereof may be waived, at any time by written agreement between the Company (with the approval of the Board) and Executive. 
 (h) Counterparts; Facsimile Signature. This Agreement may be executed in one or more counterparts, all of which together shall constitute but one agreement. Any party may execute this Agreement by
facsimile or scanned page signature and the other parties shall be entitled to rely upon such facsimile or scanned page signature as conclusive evidence that this Agreement has been duly executed by such party. 

(i) No Waiver. No failure or delay on the part of the Company or Executive in enforcing or exercising any right or
remedy hereunder shall operate as a waiver thereof. 
 (j) Severability. If any provision or clause of
this Agreement, or portion thereof shall be held by any court or other tribunal of competent jurisdiction to be illegal, invalid, or unenforceable in such jurisdiction, the remainder of such provision shall not be thereby affected and shall be given
full effect, without regard to the invalid portion. 
 (k) No Strict Construction; Descriptive Headings.
The language used in this Agreement shall be deemed to be the language chosen by the parties hereto to express their mutual intent, and no rule of strict construction shall be applied against any party. The descriptive headings of this Agreement are
inserted for convenience only and do not constitute a part of this Agreement. 
 (l) Withholding. The
Company shall be entitled to deduct and withhold from any amounts owing from the Company or any of its subsidiaries to Executive under this Agreement, any United States federal, state, or local or non-United States withholding taxes, excise taxes,
or employment taxes imposed with respect to Executive’s compensation or other payments from the Company or any of its subsidiaries under this Agreement. 
 (m) Section 409A. To the extent required by Section 409A of the U.S. Internal Revenue Code of 1986, as amended, any payment required to be made to Executive under
Section 4 shall be deferred until the first day of the first month commencing after the six month anniversary of the date that Executive ceases to be employed by the Company. The Company shall make a lump sum payment to Executive
on or about such date in an amount equal to the aggregate payments that would have otherwise been paid to Executive during such deferral period. 

  
 11 

 12. Effect of Termination of the Employment Period. Other than
Sections 4 through 10, which shall survive indefinitely, upon termination of the Employment Period, this Agreement shall no longer have any force or effect. 

*    *    *    * 

  
 12 

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

			
	LADDER CAPITAL FINANCE LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	  

	[EXECUTIVE’S NAME]

 Exhibit A 
 For those Executives whose competitive activities the Company would like to restrict, incorporate the following non-compete, and update section number references accordingly: 

Non-Competition. 

(a) Executive acknowledges and agrees that Executive’s services to the Company and the other Ladder Companies are and will be unique
in nature, that during his or her term of employment that Executive will be provided access to Confidential Information about the Company’s commercial real estate finance-related products and services (the “Business”),
and that the Company and the other Ladder Companies would be irreparably harmed if Executive were to provide such products or services to any person or entity competing with the Ladder Companies within the restricted time periods set forth herein,
or were otherwise to solicit business relations, with whom Executive maintained material contacts related to the Business while employed by the Company. Therefore, Executive agrees, for no additional consideration, that during the Non-Competition
Period (as defined below), he or she shall not, directly or indirectly, either for himself or herself or for any other person or entity: (i) permit his or her name to be used by or participate in any business or enterprise (including, without
limitation, any division, group or franchise of a larger organization) that engages in the Business anywhere within the United States and (ii) without any geographical restrictions, solicit or permit his or her name to be used by any business
or enterprise that engages in the Business to solicit business from any customer, client or investor (or prospective customer, client or investor) with whom Employee had material contacts in connection with the Business during the twelve
(12) months immediately preceding the end of the Employment Period. For purposes of this Agreement, “Non-Competition Period” shall mean the Employment Period plus 
 (A) zero days if Executive’s employment is terminated by the Company without Cause or Executive resigns for Good Reason; or 
 (B) the 6-month period immediately following the date of separation of Executive’s employment with Company if such separation is for any reason other than under a scenario described in the foregoing
clause (A); 
 provided, however, that if Executive’s employment separates under any of the scenarios described in clause (A) above,
the Company may elect in its sole discretion to continue to pay Executive Executive’s then Base Salary and continue to provide Executive (and Executive’s beneficiaries, as applicable) with all group medical and dental insurance benefits
then in effect, in each case for up to [six months] (“Elective Severance Payment”) and, in such case, extend the Non-Competition Period for such period of time as the Elective Severance Payment is to be made following the separation
of Executive’s employment; provided that in lieu of continuing such benefits as set forth above, the Company may provide Executive with a payment equal to (A) the after-tax (i.e., “grossed up”) cost of Executive purchasing in the
open market the continuation of such benefits for a such extension period or (B) the value of the continuation of such benefits if such benefits cannot readily be purchased by Executive in the open market. Within ten business days of the
separation of Executive’s employment under any of the scenarios described in clause (A) immediately above, the Company shall deliver to Executive a written notice advising Executive as to whether the Company elects to pay Executive any
Elective Severance Payment and the period of time over which such Elective Severance Payment is to be made. The failure of the Company to deliver such written notice to Executive within ten business days of the separation of Executive’s
employment shall be deemed a waiver of the Company’s right to make any Elective Severance Payment. 
 (b) For purposes of
this Section [    ], the term “participate in” shall include, without limitation, having any direct or indirect interest in any business entity, whether as a sole proprietor, owner, stockholder, partner,
joint venturer, creditor or otherwise, or rendering any direct or indirect service or assistance to any business entity (whether as a director, officer, manager, supervisor, employee, agent, consultant or otherwise) or planning for any prospective
business entity. Nothing herein will prohibit Executive from mere passive ownership of not more than 2% of the outstanding stock of any wholesale construction or industrial supply company whose stock is traded on a national securities exchange or in
the over-the-counter market. As used herein, the phrase “mere passive ownership” shall include voting or otherwise granting any consents or approvals required to be obtained from such person or entity as an owner of stock or other
ownership interests in any entity pursuant to the charter or other organizational documents of such entity, but shall preclude, without limitation, any involvement in the day-to-day operations of such entity.

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