Document:

EX-4.2

 Exhibit 4.2 
 CAPITAL TRUST, INC. 
 2011 LONG-TERM INCENTIVE PLAN 

Stock Option Award Agreement 
 You are hereby awarded this stock option (the “Option”) to purchase Shares of Capital Trust, Inc. (the “Company”), subject to the terms and conditions set forth in this
Stock Option Award Agreement (the “Award Agreement”) and in the Capital Trust, Inc. 2011 Long-Term Incentive Plan (“Plan”), which is attached hereto as Exhibit A. A summary of the Plan appears in its
Prospectus, which is attached as Exhibit B. Terms beginning with initial capital letters within this Agreement have the meanings set forth in the Plan (or in this Award Agreement, if defined herein). 

This Award is conditioned on your execution of this Award Agreement within ten (10) days after the Grant Date specified in
Section 1 below. By executing this Award Agreement, you will be irrevocably agreeing that all of your rights under this Award will be determined solely and exclusively by reference to the terms and conditions of the Plan, subject to the
provisions set forth below. As a result, you should not execute this Award Agreement until you have (i) carefully considered the terms and conditions of the Plan and this Award (including all of the attached Exhibits), and
(ii) consulted with your personal legal and tax advisors about all of these documents. 
 1. Specific Terms. Your
Option has the following terms: 
  

			
	 Name of Participant
	 	
		
	 Type of Option
	 	 ̈ Incentive Stock Option (ISO) 1  ̈ Non-Incentive Stock Option (non-ISO)
		
	 Grant Date
	 	                             ,
20        .
		
	 Exercise Price
	 	U.S. $        .         per Share. 2
		
	 Number of Shares subject to this Award
	 	                    .
		
	 Vesting
	 	Your Award will vest with respect to              percent
(            %) of the number of Shares designated above [on each of the first              annual anniversary dates of] [at the
end of each of the first              [quarterly] [monthly] periods following] the Grant Date (each a “Vesting Date”) [beginning with the [quarterly] [monthly] period
ending on                              , 201        ],
provided that your Continuous Service has not ended before the particular Vesting Date (subject to the terms of any employment agreement between you and the Company).

 

	1 	 Only Employees may receive ISOs. If you directly or indirectly own more than 10% of the voting power of all classes of Common Stock, then the exercise
price for your ISO must be at least 110% of the Fair Market Value of such Shares on the Grant Date, and the term of your ISO cannot exceed 5 years. 

	2 	 The exercise price must be at least 100% of the Fair Market Value of the underlying Shares, subject to the special rule noted in footnote 1 for certain
ISOs. ISOs may not be transferred per Section 12 of the Plan. 

  

			
	 Accelerated Vesting
	 	You will become 100% vested in your right to exercise this Award (i) if your Continuous Service ends due to your death or your becoming Disabled, or (ii) as specified in Section
5 hereof.
		
	 Expiration Date
	 	         years after Grant Date, at 5:00 p.m. (E.D.T. or E.S.T., as applicable) on the Expiration Date.
		
	 Recapture and Recoupment
	 	
x       Section 14 of the Plan
regarding Termination, Rescission, and Recapture shall apply to this Award.
 x       Section 15 of the Plan regarding Recoupment shall apply to this Award.

 2. Manner of Exercise. This Option shall be exercised in the manner set forth in the Plan, using the
exercise form attached hereto as Exhibit C. The number of Shares for which this Option may be exercised is cumulative; that is, if you fail to exercise this Option for all of the Shares vested under this Option during any period set
forth above, then any Shares subject hereto that are not exercised during such period may be exercised during any subsequent period, until the expiration or termination of this Option pursuant to Sections 1, 4 or 5 of this Award Agreement and the
terms of the Plan. Fractional Shares may not be purchased. 
 3. Special ISO Provisions. If designated as an ISO, this
Option shall be treated as an ISO to the extent allowable under Section 422 of the Code, and shall otherwise be treated as a Non-ISO. If you sell or otherwise dispose of Shares acquired upon the exercise of an ISO within 1 year from the date
such Shares were acquired or 2 years from the Grant Date, you agree to deliver a written report to the Company within 10 days following the sale or other disposition of such Shares detailing the net proceeds of such sale or disposition. 

4. Termination of Continuous Service. Subject to the terms of any employment agreement between you and the Company (and/or any
Affiliate) that is in effect when your Continuous Service terminates and Section 5 hereof, this Award shall be canceled and become automatically null and void immediately after termination of your Continuous Service for any reason, but only to
the extent your rights under this Option have not become vested, pursuant to the terms of Section 1 above, on or before the time your Continuous Service ends. 
 5. Accelerated Vesting; Change in Control. 
  

	 	(a)	To the extent you have not previously vested in your rights with respect to this Award, you will become 100% vested if your Continuous Service ends due to an
Involuntary Termination that occurs within the one year period following a Change in Control. 

  

	 	(b)	As a condition to the consummation of any CTIMCO Change in Control (as defined below), the Company shall cause the successor or acquiror in the merger, consolidation or
other acquisition with or of CTIMCO (the “CTIMCO Successor”) to assume this Award so that the CTIMCO Successor shall become bound by all of the Company’s obligations hereunder. Your right to exercise this Option shall continue
to vest in accordance with Section 1 hereof, provided that you are employed by the CTIMCO Successor or its Affiliates at the time of such vesting. Upon such assumption, the provisions of Section 3(a) shall be null and void and without
further force and legal effect. 

  
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	 	(c)	Following a CTIMCO Change in Control, to the extent you have not previously vested in your rights with respect to this Award, your Award will become 100% vested if your
Continuous Service ends due to an Involuntary Termination that occurs within the one year period following a CTIMCO Change in Control, substituting the term “CTIMCO Successor” for the term “Company” mutatis mutandis for
purposes of interpretation of the foregoing defined terms “Continued Service” and “Involuntary Termination.” The term “CTIMCO Change in Control” shall have the same meaning as the term Change in Control
substituting “CTIMCO” (as defined below) for “Company” mutatis mutandis for purposes of interpretation. “CTIMCO” means CT Investment Management Co., LLC. 

 

	 	(d)	As a condition to the consummation of any Successor Change in Control (as defined below), the CTIMCO Successor shall cause the successor or acquiror in the merger,
consolidation or other acquisition transaction (the “Successor’s Successor”) to assume this Award so that the Successor’s Successor shall become bound by all of the Company’s obligations hereunder. Your right to
exercise this Option shall continue to vest in accordance with Section 1 hereof, provided that you are employed by the Successor’s Successor or its Affiliates at the time of such vesting. 

 

	 	(e)	Following a Successor Change in Control, to the extent you have not previously vested in your rights with respect to this Award, your Award will become 100% vested if
your Continuous Service ends due to an Involuntary Termination that occurs within the one year period following a CTIMCO Change in Control, substituting the term “Successor’s Successor” for the term “Company” mutatis
mutandis for purposes of interpretation of the foregoing defined terms “Continued Service” and “Involuntary Termination.” The term “Successor Change in Control” shall have the same meaning as the term Change
in Control substituting “Successor’s Successor” (as defined herein) for “Company” mutatis mutandis for purposes of interpretation. 

 

	 	(f)	[For named executive officers only: Notwithstanding the foregoing, this Award will become 100% vested if your Continuous Service ends due to your:

  

	 	(i)	termination, at anytime, without Cause by the Company or a successor thereto, as appropriate; or 

 

	 	(ii)	voluntary resignation through the following actions: 

  

	 	(1)	you provide the Company with written notice of the existence of one of the events, arising without your consent, listed in clauses (A) through (C) below
within thirty (30) days of the initial existence of such event; 

  
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	 	(2)	the Company fails to cure such event within thirty (30) days following the date such notice is given; and 

 

	 	(3)	you elect to voluntarily terminate your employment with the Company within the ninety (90) day period immediately following such event. 

The events referred to in Section 5(f)(ii)(1) hereof include: (A) a material reduction in your authority,
duties, and responsibilities, provided that a mere change in the your title shall not cause your rights under this Award to vest, (B) your being required to relocate your place of employment, other than a relocation within fifty (50) miles
of your principal work site on the date of this Award, or (C) a material reduction in your base salary and annual bonus other than any such reduction consistent with a general reduction of pay for similarly-situated Participants.]3 
 6. Designation of Beneficiary. Notwithstanding anything to the contrary contained herein or in the Plan, following the execution of this Award Agreement, you may expressly designate a
death beneficiary (the “Beneficiary”) to your interest, if any, in this Award and any underlying Shares. You shall designate the Beneficiary by completing and executing a designation of beneficiary agreement substantially in the
form attached hereto as Exhibit D (the “Designation of Death Beneficiary”) and delivering an executed copy of the Designation of Death Beneficiary to the Company. To the extent you do not duly designate a beneficiary
who survives you, your estate will automatically be your beneficiary. 
 7. Restrictions on Transfer of Award. Your rights
under this Award Agreement may not be sold, pledged, or otherwise transferred without the prior written consent of the Committee, except as provided in Section 12(a) of the Plan. Notwithstanding the foregoing, subject to such terms and
conditions as the Committee deems appropriate, you may transfer this Award (other than any portion of this Award relating to ISOs): 
  

	 	(i)	by instrument to your Immediate Family; 

  

	 	(ii)	by instrument to an inter vivos or testamentary trust (or other entity) in which the Award is to be passed to the Participant’s designated Beneficiaries; and

  

	 	(iii)	by gift to charitable institutions. 

 Any
transferee of your rights shall succeed to and be subject to all of the terms of this Award Agreement and the Plan. 
 8.
Taxes. Except to the extent otherwise specifically provided in an employment or consulting agreement between you and the Company or its Affiliates, by signing this Award Agreement, you acknowledge that you shall be solely responsible
for the satisfaction of any taxes that may arise pursuant to this Award (including taxes arising under Code Sections 409A (regarding deferred compensation) or 4999 (regarding golden parachute excise taxes)), and that neither the Company nor

  
  

	3 	 For named executive officers only. 

  
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 the Committee shall have any obligation whatsoever to pay such taxes or to otherwise indemnify or hold you
harmless from any or all of such taxes. The Committee shall have the sole discretion to interpret the requirements of the Code, including Section 409A, for purposes of the Plan and this Award Agreement. 

9. Investment Purposes. By executing this Award Agreement, you represent and warrant that any Shares issued to you pursuant to your
Option will be held for investment purposes only for your own account, and not with a view to, for resale in connection with, or with an intent of participating directly or indirectly in, any distribution of such Shares within the meaning of the
Securities Act of 1933, as amended (the “Securities Act”). 
 10. Prospectus and Securities Law
Restrictions. By executing this Award Agreement you acknowledge that you have received a copy of the Prospectus describing the Plan. A copy of the Plan’s Prospectus is attached as Exhibit B. Regardless of whether the
offering and sale of this Option or Shares under the Plan have been registered under the Securities Act or have been registered or qualified under the securities laws of any state, the Company at its discretion may impose restrictions upon the sale,
pledge or other transfer of such Shares (including the placement of appropriate legends on stock certificates or the imposition of stop-transfer instructions) if, in the judgment of the Company, such restrictions are necessary or desirable in order
to achieve compliance with the Securities Act or the securities laws of any state or any other law or to enforce the intent of this Award. 

11. Not a Contract of Employment. By executing this Award Agreement, you acknowledge and agree that (i) any person who is
terminated before full vesting of an award, such as the one granted to you by this Award Agreement, could claim that he or she was terminated to preclude vesting; (ii) you promise never to make such a claim; (iii) nothing in this Award
Agreement or the Plan confers on you any right to continue an employment, service or consulting relationship with the Company, nor shall it affect in any way your right or the Company’s right to terminate your employment, service, or consulting
relationship at any time, with or without Cause; and (iv) the Company would not have granted this Award to you but for these acknowledgements and agreements. 
 12. Severability. Subject to one exception, every provision of this Award and the Plan is intended to be severable, and if any provision of the Plan or this Award is held by a court
of competent jurisdiction to be invalid and unenforceable, the remaining provisions shall continue to be fully effective. The only exception is that this Award shall be unenforceable if any provision of the preceding section (Not a Contract of
Employment) is illegal, invalid, or unenforceable. 
 13. Notices. Any notice or communication required or permitted by any
provision of this Award Agreement to be given to you shall be in writing and shall be delivered: (i) electronically, (ii) personally, (iii) by certified mail, return receipt requested, or (iv) by an internationally recognized
overnight courier (e.g., FedEx). In the case of delivery pursuant to clauses (i), (iii) and (iv) of the immediately preceding sentence, addressed to as follows: 

 

	 	(a)	if to you, at the last address that the Company had for you on its records; 

 

	 	(b)	if to the Company, to Capital Trust, Inc., 410 Park Avenue, 14th Floor, New York, NY 10022, attention: Chief Financial Officer. 

  
 5 

 Any such notice shall be deemed to be given as of the date such notice (i) is delivered personally,
(ii) is delivered electronically (if a business day and, if not a business day, on the next business day), (iii) on the second business day following the date sent by internationally recognized overnight courier and (iv) on the fourth
business day after deposited in the mail if sent by certified mail. Each party may, from time to time, by notice to the other party hereto, specify a new address for delivery of notices relating to this Award Agreement. 

14. Headings. Section and other headings contained in this Award Agreement are for reference purposes only and are not intended to
describe, interpret, define or limit the scope or intent of this Award Agreement or any provision hereof. 
 15.
Counterparts. This Award Agreement may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same
instrument. 
 16. Binding Effect. Except as otherwise provided in this Award Agreement or in the Plan, every covenant,
term, and provision of this Award Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, legatees, legal representatives, successors, permitted transferees, and permitted assigns. 

17. Modifications. This Award Agreement may be modified or amended at any time, in accordance with Section 18 of the Plan and
provided that you must consent in writing to any modification that adversely and materially affects any rights or obligations under this Award Agreement. 
 18. Plan Governs. By signing this Award Agreement, you acknowledge that you have received a copy of the Plan, and that your Award Agreement is subject to all the provisions contained
in the Plan, the provisions of which are made a part of this Award Agreement and your Award is subject to all interpretations, amendments, rules and regulations which from time to time may be promulgated and adopted pursuant to the Plan. In the
event of a conflict between the provisions of this Award Agreement and those of the Plan, the provisions of the Plan shall control. 

19. Employment Agreement Provision [OPTION IF EMPLOYEE HAS AN EMPLOYMENT AGREEMENT] By executing this Award, you acknowledge and
agree that your rights upon a termination of employment before full vesting of this Award will be determined under Section             of your employment agreement with the Company and
            , dated as of             , 20        . 

20. Long-term Consideration for Award. [OPTIONAL] The terms and conditions set forth in Exhibit E are hereby
incorporated by reference and made an integral part of this Award Agreement. An invalidation of all or part of Exhibit E, or your commencement of litigation to invalidate, modify, or alter the terms and conditions set forth in
Exhibit E, shall cause this Option to become null, void, and unenforceable. 
 21. Governing Law. The laws of
the State of New York shall govern the validity of this Award Agreement, the construction of its terms, and the interpretation of the rights and duties of the parties hereto. 

  
 6 

 BY YOUR SIGNATURE BELOW, along with the signature of the Company’s representative, you
and the Company agree that this Award is made under and governed by the terms and conditions of this Award Agreement and the Plan. 
  

					
	CAPITAL TRUST, INC.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

  

			
	PARTICIPANT
	
	Signature:                          
                                         
     
	
	Printed Name of
Participant:                                       
 

  
 7 

 EXHIBIT A 
 CAPITAL TRUST, INC. 
 2011 LONG-TERM INCENTIVE PLAN 

Plan Document 
 (attached under this page) 

 EXHIBIT B 
 CAPITAL TRUST, INC. 
 2011 LONG-TERM INCENTIVE PLAN 

Prospectus describing the Plan 
 (attached under this page) 

 EXHIBIT C 
 CAPITAL TRUST, INC. 
 2011 LONG-TERM INCENTIVE PLAN 

Form of Exercise of Stock Option Award Agreement 
 Capital Trust, Inc. 
 410 Park Avenue, 14th Floor 

New York, NY 10022 
 Attention:
                                         
                
 Dear Sir or Madam: 

The undersigned elects to exercise his/her Option to purchase
            shares of Common Stock of Capital Trust, Inc. (the “Company”) under and pursuant to a Stock Option Agreement dated as of
                    . 
  

	1.	Method of Exercise (Choose One) 

  ̈ Delivered herewith is a certified or bank cashier’s or teller’s check and/or shares of Common Stock owned by the undersigned, valued at the
closing sale price of the stock on the business day prior to the date of exercise, as follows: 

$            in cash or check 

$            in the form of
                    shares of Common Stock, 
                                   
  valued at $            per share 

$             Total 

 ̈ Subject to written consent of the Committee, the undersigned elects a net exercise,
hereby authorizing the Company to withhold from the shares otherwise subject to this Option a number of shares sufficient to cover the exercise price and minimum statutory withholding taxes payable pursuant to this exercise. 

2. Issuance of Shares. The name or names to be on the stock certificate or certificates and the address and Social Security Number of such
person(s) is as follows: 

Name:                        
                                         
                                         
           

Address:                       
                                         
                                         
        
 Social Security
Number                                        
                                         
        

                         
                                         
      Very truly
yours,                                        
                             
 Date                                 
                                         
                   Optionee 

  

 EXHIBIT D 
 CAPITAL TRUST, INC. 
 2011 LONG-TERM INCENTIVE PLAN 

Designation of Death Beneficiary 
 In connection with the Awards designated below that I have received pursuant to the Capital Trust, Inc. 2011 Long-Term Incentive Plan (the “Plan”), I hereby designate the person specified below
as the beneficiary upon my death of my interest in such Awards. This designation shall remain in effect until revoked in writing by me. 
  

					
	Name of Beneficiary:	  	  

		
	Address:	  	  

		
		  	  

		
		  	  

		
	Social Security No.:	  	  

  
 This beneficiary designation
relates to any and all of my rights under the following Award or Awards: 
  

	 	 ̈	any Award that I have received or ever receive under the Plan. 

  

	 	 ̈	the             Award that I received pursuant to an award agreement dated
            ,             between myself and the Company. 

I understand that this designation operates to entitle the above named beneficiary, in the event of my death, to any and all of my rights
under the Award(s) designated above from the date this form is delivered to the Company until such date as this designation is revoked in writing by me, including by delivery to the Company of a written designation of beneficiary executed by me on a
later date. 
  

			
	
		
	Date:	 	 
		
	By:	 	 
		 	Name of Participant

 Sworn to before me this 
             day of
                        ,
20                         
 Notary Public                         

County of                         

 State of
                         

 EXHIBIT E 
 CAPITAL TRUST, INC. 
 2007 LONG-TERM INCENTIVE PLAN 

Long-Term Consideration and 
 Company Recovery for Breach 
 By signing and accepting your Award Agreement, you recognize
and agree that the Company’s key consideration in granting this Award is securing your long-term commitment to serve as its             [include job title or description] who
will advance and promote the Company’s business interests and objectives. Accordingly, you agree that this Award shall be subject to the terms and conditions set forth in Section 14 of the Plan (relating to the termination, rescission, and
recapture if you violate certain commitments made therein to the Company), as well as to the following terms and conditions as material and indivisible consideration for this Award: 

(a) Fiduciary Duty. During your employment with the Company you shall devote your full energies, abilities, attention and business
time to the performance of your job responsibilities and shall not engage in any activity which conflicts or interferes with, or in any way compromises, your performance of such responsibilities. 

(b) Confidential Information. You recognize that by virtue of your employment with the Company, you will be granted otherwise
prohibited access to confidential information and proprietary data which are not known, and not readily accessible to the Company’s competitors. This information (the “Confidential Information”) includes, but is not limited to,
current and prospective clients; the identity of key contacts at such clients; clients’ particularized preferences and needs; marketing strategies and plans; financial data; personnel data; compensation data; proprietary procedures and
processes; and other unique and specialized practices, programs and plans of the Company and its clients and prospective clients. You recognize that this Confidential Information constitutes a valuable property of the Company, developed over a
significant period of time and at substantial expense. Accordingly, you agree that you shall not, at any time during or after your employment with the Company, divulge such Confidential Information or make use of it for your own purposes or the
purposes of any person or entity other than the Company. 
 (c) Non-Solicitation of Clients. You recognize that by virtue
of your employment with the Company you will be introduced to and involved in the solicitation and servicing of existing clients of the Company and new clients obtained by the Company during your employment. You understand and agree that all efforts
expended in soliciting and servicing such clients shall be for the permanent benefit of the Company. You further agree that during your employment with the Company you will not engage in any conduct which could in any way jeopardize or disturb any
of the Company’s customer relationships. You also recognize the Company’s legitimate interest in protecting, for a reasonable period of time after your employment with the Company, the Company’s clients. Accordingly, you agree that,
for a period beginning on the date hereof and ending one (1) year after termination of your employment with the Company, regardless of the reason for such termination, you shall not, directly or indirectly, without the prior written consent of
the Chairman of the Company, market, offer, sell or otherwise furnish any products or services similar to, or otherwise competitive with, those offered by the Company to any customer of the Company. 

 (d) Non-Solicitation of Employees. You recognize the substantial expenditure of time
and effort which the Company devotes to the recruitment, hiring, orientation, training and retention of its employees. Accordingly, you agree that, for a period beginning on the date hereof and ending one (1) year after termination of your
employment with the Company, regardless of the reason for such termination, you shall not, directly or indirectly, for yourself or on behalf of any other person or entity, solicit, offer employment to, hire or otherwise retain the services of any
employee of the Company. 
 (e) Survival of Commitments; Potential Recapture of Award and Proceeds. You acknowledge and
agree that the terms and conditions of this Section regarding confidentiality and non-solicitation shall survive both (i) the termination of your employment with the Company for any reason, and (ii) the termination of the Plan, for any
reason. You acknowledge and agree that the grant of an Option in this Award Agreement is just and adequate consideration for the survival of the restrictions set forth herein, and that the Company may pursue any or all of the following remedies if
you either violate the terms of this Section or succeed for any reason in invalidating any part of it (it being understood that the invalidity of any term hereof would result in a failure of consideration for the Award): 

 

	 	(i)	declaration that the Award is null and void and of no further force or effect; 

 

	 	(ii)	recapture of any Shares issued to you, or any designee or beneficiary of you, pursuant to the Award; 

 

	 	(iii)	recapture of the proceeds, plus reasonable interest, with respect to any Shares that are both issued pursuant to this Award and sold or otherwise disposed of by you, or
any designee or beneficiary of you. 

 The remedies provided above are not intended to be exclusive, and the Company may seek such
other remedies as are provided by law, including equitable relief. 
 (f) Acknowledgement. You acknowledge and agree that
your adherence to the foregoing requirements will not prevent you from engaging in your chosen occupation and earning a satisfactory livelihood following the termination of your employment with the Company.EX-4.3

 Exhibit 4.3 
 CAPITAL TRUST, INC. 
 2011 LONG-TERM INCENTIVE PLAN 

Restricted Share Unit Award Agreement 
 You are hereby awarded Restricted Share Units (the “RSUs”) subject to the terms and conditions set forth in this Restricted Share Unit Award Agreement (the “Award
Agreement” or “Award”) and in the Capital Trust, Inc. 2011 Long-Term Incentive Plan (“Plan”), which is attached hereto as Exhibit A. A summary of the Plan appears in its Prospectus, which is
attached as Exhibit B. Terms beginning with initial capital letters within this Agreement have the meanings set forth in the Plan (or in this Award Agreement, if defined herein). 

This Award is conditioned on your execution of this Award Agreement within ten (10) days after the Grant Date
specified in Section 1 below. By executing this Award Agreement, you will be irrevocably agreeing that all of your rights under this Award will be determined solely and exclusively by reference to the terms and conditions of the Plan, subject
to the provisions set forth below. As a result, you should not execute this Award Agreement until you have (i) carefully considered the terms and conditions of the Plan and this Award (including all of the attached Exhibits), and
(ii) consulted with your personal legal and tax advisors about all of these documents. 
  

	1.	 Specific Terms. Your RSUs have the following terms: 

 

			
	 Name of Participant
	  	
		
	Number of Shares Subject to Award	  	
		
	Purchase Price per Share (if applicable)	  	 Not applicable.

		
	 Grant Date
	  	                         
        , 20        .

		
	 Vesting
	  	 Your Award will vest with respect to
                         percent (            %) of the number of
Shares designated above on each of the first                      annual anniversary dates of the Grant Date (each a “Vesting
Date”), provided that your Continuous Service has not ended before the particular Vesting Date (subject to the terms of any employment agreement between you and the Company).

		
	 Accelerated Vesting
	  	 You will become 100% vested in this Award (i) if your Continuous Service ends due to your death or your becoming Disabled, or (ii) as set forth in Section 5
hereof.

		
	 Deferral Elections
	  	
 ̈       Not
Permitted.
  
  ̈       Permitted through an election using the form attached as Exhibit C.

  

  

			
	 Recapture and

Recoupment
	  	
x       
Section 14 of the Plan shall apply re Termination, Rescission, and Recapture of this Award.
 x       Section 15 of the Plan shall apply re Recoupment of this Award.

  

	2.	 Termination of Continuous Service. Subject to the terms of any employment agreement between you and the Company (and/or any Affiliate
of the Company) that is in effect when your Continuous Service terminates, this Award shall be canceled and become automatically null and void immediately after termination of your Continuous Service for any reason, but only to the extent you have
not become vested, pursuant to terms of Section 1 above, on or before the time your Continuous Service ends. 

  

	3.	 Satisfaction of Vesting Restrictions. No Shares will be issued before you complete the requirements that are necessary for you to vest
in the Shares underlying your RSUs. As soon as practicable after the later of (i) the date on which your RSUs vest in whole or in part, or (ii) the distribution date or dates set forth in your deferral and distribution election form
attached as Exhibit C (if allowed under Section 1 and made by you), the Company will issue to you or your duly-authorized transferee, free from vesting restrictions (but subject to such legends as the Company determines to be
appropriate), one Share for each vested RSU with such number of Shares issued to you being reduced by a number of Shares having a Fair Market Value (on the date of vesting) equal to the minimum statutory tax withholding required in connection with
the vesting of your RSUs. Stock certificates evidencing Shares will not be delivered to you until all applicable conditions of this Award have been satisfied, including all employment and tax-withholding obligations. For purposes of this Agreement,
“Fair Market Value” means, as of any date (the “Determination Date”): (i) the closing sales price of a Share on the New York Stock Exchange, the NASDAQ or the American Stock Exchange (each, an “Exchange”), on the
Determination Date, or, if shares were not traded on the Determination Date, then on the nearest preceding trading day during which a sale occurred; or (ii) if such stock is not traded on an Exchange but is otherwise traded in the
over-the-counter market, the mean between the representative bid and asked prices on the Determination Date; or (iii) if subsections (i) and (ii) do not apply, the fair market value established in good faith by the Committee.

  

	4.	 Dividends. You shall have Dividend Equivalent Rights with respect to this Award, and Section 10 of the Plan shall accordingly
determine your right to collect any cash dividends or stock dividends that are declared and paid to the holders of Shares between the Grant Date and each vesting date or, as applicable, any deferred settlement date upon which you are entitled to
receive Shares to settle this Award; provided that, any dividends payable in cash shall be paid out to you in cash on the date set for payment of dividends to stockholders, unless the payment of such dividends has been deferred through your
election made pursuant to Exhibit C. 

  

	5.	 Accelerated Vesting; Change in Control. 

 

	 	(a)	 To the extent you have not previously vested in your rights with respect to this Award, you will become 100% vested if your Continuous Service ends
due to an Involuntary Termination that occurs within the one year period following a Change in Control. 

  
 2 

	 	(b)	 As a condition to the consummation of any CTIMCO Change in Control (as defined below), the Company shall cause the successor or acquiror in the
merger, consolidation or other acquisition with or of CTIMCO (the “CTIMCO Successor”) to assume this Award so that the CTIMCO Successor shall become bound by all of the Company’s obligations hereunder. The RSUs subject to this
Award shall continue to vest in accordance with Section 1 hereof, provided that you are employed by the CTIMCO Successor or its Affiliates at the time of such vesting. Upon such assumption, the provisions of Section 5(a) shall be null and
void and without further force and legal effect. 

  

	 	(c)	 Following a CTIMCO Change in Control, to the extent you have not previously vested in your rights with respect to this Award, your Award will become
100% vested if your Continuous Service ends due to an Involuntary Termination that occurs within the one year period following a CTIMCO Change in Control, substituting the term “CTIMCO Successor” for the term “Company” mutatis
mutandis for purposes of interpretation of the foregoing defined terms “Continued Service” and “Involuntary Termination.” The term “CTIMCO Change in Control” shall have the same meaning as the term Change in
Control substituting “CTIMCO” (as defined below) for “Company” mutatis mutandis for purposes of interpretation. “CTIMCO” means CT Investment Management Co., LLC. 

 

	 	(d)	 As a condition to the consummation of any Successor Change in Control (as defined below), the CTIMCO Successor shall cause the successor or acquiror
in the merger, consolidation or other acquisition transaction (the “Successor’s Successor”) to assume this Award so that the Successor’s Successor shall become bound by all of the Company’s obligations hereunder. The
RSUs subject to this Award shall continue to vest in accordance with Section 1 hereof, provided that you are employed by the Successor’s Successor or its Affiliates at the time of such vesting. 

 

	 	(e)	 Following a Successor Change in Control, to the extent you have not previously vested in your rights with respect to this Award, your Award will
become 100% vested if your Continuous Service ends due to an Involuntary Termination that occurs within the one year period following a CTIMCO Change in Control, substituting the term “Successor’s Successor” for the term
“Company” mutatis mutandis for purposes of interpretation of the foregoing defined terms “Continued Service” and “Involuntary Termination.” The term “Successor Change in Control” shall have the
same meaning as the term Change in Control substituting “Successor’s Successor” (as defined herein) for “Company” mutatis mutandis for purposes of interpretation. 

 

	 	(f)	 [For named executive officers only: Notwithstanding the foregoing, this Award will become 100% vested if your Continuous Service ends due to your:

  

	 	(i)	 termination, at anytime, without Cause by the Company or a successor thereto, as appropriate; or 

 

	 	(ii)	 voluntary resignation through the following actions: 

  
 3 

	 	(1)	 you provide the Company with written notice of the existence of one of the events, arising without your consent, listed in clauses (A) through
(C) below within thirty (30) days of the initial existence of such event; 

  

	 	(2)	 the Company fails to cure such event within thirty (30) days following the date such notice is given; and 

 

	 	(3)	 you elect to voluntarily terminate your employment with the Company within the ninety (90) day period immediately following such event.

 The events referred to in Section 5(f)(ii)(1) hereof include:
(A) a material reduction in your authority, duties, and responsibilities, provided that a mere change in the your title shall not cause your rights under this Award to vest, (B) your being required to relocate your place of employment,
other than a relocation within fifty (50) miles of your principal work site on the date of this Award, or (C) a material reduction in your base salary and annual bonus other than any such reduction consistent with a general reduction of
pay for similarly-situated Participants.]1 

 

	6.	 Designation of Beneficiary. Notwithstanding anything to the contrary contained herein or in the Plan, following the execution of this
Award Agreement, you may expressly designate a death beneficiary (the “Beneficiary”) to your interest, if any, in this Award and any underlying Shares. You shall designate the Beneficiary by completing and executing a designation of
beneficiary agreement substantially in the form attached hereto as Exhibit D (the “Designation of Death Beneficiary”) and delivering an executed copy of the Designation of Death Beneficiary to the Company. To the
extent you do not duly designate a beneficiary who survives you, your estate will automatically be your beneficiary. 

  

	7.	 Restrictions on Transfer of Award. Your rights under this Award Agreement may not be sold, pledged, or otherwise transferred without
the prior written consent of the Committee, except as provided in Section 12(a) of the Plan. Notwithstanding the foregoing, subject to such terms and conditions as the Committee deems appropriate, you may transfer this Award—

  

	 	(i)	 by instrument to your Immediate Family; 

  

	 	(ii)	 by instrument to an inter vivos or testamentary trust (or other entity) in which the Award is to be passed to the Participant’s designated
Beneficiaries; and 

  

	 	(iii)	 by gift to charitable institutions. 

 Any transferee of your rights shall succeed to and be subject to all of the terms of this Award Agreement and the Plan. 
  

 

	1 	 For named executive officers only. 

  
 4 

	8.	 Taxes. Except to the extent otherwise specifically provided in an employment or consulting agreement between you and the Company or
its Affiliates, by signing this Award Agreement, you acknowledge that you shall be solely responsible for the satisfaction of any taxes that may arise pursuant to this Award (including taxes arising under Code Sections 409A (regarding deferred
compensation) or 4999 (regarding golden parachute excise taxes)), and that neither the Company nor the Committee shall have any obligation whatsoever to pay such taxes or to otherwise indemnify or hold you harmless from any or all of such taxes. The
Committee shall have the sole discretion to interpret the requirements of the Code, including Section 409A, for purposes of the Plan and this Award Agreement. 

 

	9.	 Investment Purposes. By executing this Award Agreement, you represent and warrant that any Shares issued to you pursuant to your RSUs
will be for investment for your own account and not with a view to, for resale in connection with, or with an intent of participating directly or indirectly in, any distribution of such Shares within the meaning of the Securities Act of 1933, as
amended (the “Securities Act”). 

  

	10.	 Prospectus and Securities Law Restrictions. By executing this Award Agreement you acknowledge that you have received a copy of the
Prospectus describing the Plan. A copy of the Plan’s Prospectus is attached as Exhibit B. Regardless of whether the offering and sale of Shares under the Plan have been registered under the Securities Act, or have been registered
or qualified under the securities laws of any state, the Company at its discretion may impose restrictions upon the sale, pledge or other transfer of such Shares (including the placement of appropriate legends on stock certificates or the imposition
of stop-transfer instructions) if, in the judgment of the Company, such restrictions are necessary or desirable in order to achieve compliance with the Securities Act or the securities laws of any state or any other law or to enforce the intent of
this Award. 

  

	11.	 Headings. Section and other headings contained in this Award Agreement are for reference purposes only and are not intended to
describe, interpret, define or limit the scope or intent of this Award Agreement or any provision hereof. 

  

	12.	 Not a Contract of Employment. By executing this Award Agreement, you acknowledge and agree that (i) any person who is terminated
before full vesting of an award, such as the one granted to you by this Award Agreement, could claim that he or she was terminated to preclude vesting; (ii) you promise never to make such a claim; (iii) nothing in this Award Agreement or
the Plan confers on you any right to continue an employment, service or consulting relationship with the Company, nor shall it affect in any way your right or the Company’s right to terminate your employment, service, or consulting relationship
at any time, with or without Cause; and (iv) the Company would not have granted this Award to you but for these acknowledgements and agreements. 

  

	13.	 Severability. Subject to one exception, every provision of this Award and the Plan is intended to be severable, and if any provision
of the Plan or this Award is held by a court of competent jurisdiction to be invalid and unenforceable, the remaining provisions shall continue to be fully effective. The only exception is that this Award shall be unenforceable if any provision of
the preceding section (Not a Contract of Employment) is illegal, invalid, or unenforceable. 

  
 5 

	14.	 Counterparts. This Award Agreement may be executed by the parties hereto in separate counterparts, each of which when so executed and
delivered shall be an original, but all such counterparts shall together constitute one and the same instrument. 

  

	15.	 Notices. Any notice or communication required or permitted by any provision of this Award Agreement to be given to you shall be in
writing and shall be delivered: (i) electronically, (ii) personally, (iii) by certified mail, return receipt requested, or (iv) by an internationally recognized overnight courier (e.g., FedEx). In the case of delivery pursuant to
clauses (i), (iii) and (iv) of the immediately preceding sentence, addressed to as follows: 

  

	 	(a)	 if to you, at the last address that the Company had for you on its records; 

 

	 	(b)	 if to the Company, to Capital Trust, Inc., 410 Park Avenue, 14th Floor, New York, NY 10022, attention: Chief Financial Officer.

 Any such notice shall be deemed to be given as of the date such notice (i) is
delivered personally, (ii) is delivered electronically (if a business day and, if not a business day, on the next business day), (iii) on the second business day following the date sent by internationally recognized overnight courier and
(iv) on the fourth business day after deposited in the mail if sent by certified mail. Each party may, from time to time, by notice to the other party hereto, specify a new address for delivery of notices relating to this Award Agreement.

  

	16.	 Binding Effect. Except as otherwise provided in this Award Agreement or in the Plan, every covenant, term, and provision of this Award
Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, legatees, legal representatives, successors, permitted transferees, and permitted assigns. 

 

	17.	 Modifications. This Award Agreement may be modified or amended at any time, in accordance with Section 18 of the Plan and
provided that you must consent in writing to any modification that adversely and materially affects any rights or obligations under this Award Agreement. 

 

	18.	 Plan Governs. By signing this Award Agreement, you acknowledge that you have received a copy of the Plan, and that your Award
Agreement is subject to all the provisions contained in the Plan, the provisions of which are made a part of this Award Agreement and your Award is subject to all interpretations, amendments, rules and regulations which from time to time may be
promulgated and adopted pursuant to the Plan. In the event of a conflict between the provisions of this Award Agreement and those of the Plan, the provisions of the Plan shall control. 

 

	19.	 Employment Agreement Provision [OPTION IF EMPLOYEE HAS AN EMPLOYMENT AGREEMENT] By executing this Award Agreement, you acknowledge and
agree that your rights upon a termination of employment before full vesting of this Award will be determined under Section              of your employment agreement with the Company and
                        , dated as of
                                     ,
20        . 

	

  

	20.	 Long-term Consideration for Award. [OPTIONAL] The terms and conditions set forth in Exhibit E are hereby incorporated by
reference and made an integral part of this Award Agreement. An invalidation of all or part of Exhibit E, or your commencement of litigation to invalidate, modify, or alter the terms and conditions set forth in Exhibit E,
shall cause this Award to become null, void, and unenforceable. 

  
 6 

	21.	 Governing Law. The laws of the State of New York shall govern the validity of this Award Agreement, the construction of its terms, and
the interpretation of the rights and duties of the parties hereto. 

 BY YOUR SIGNATURE BELOW,
along with the signature of the Company’s representative, you and the Company agree that this Award is made under and governed by the terms and conditions of this Award Agreement and the Plan. 

 

							
		 		 	CAPITAL TRUST, INC.
				
		 		 	By:	 	 
		 		 		 	Name:
		 		 		 	Title:
			
		 		 	PARTICIPANT
			
		 		 	Signature:                          
                                         
                     
			
		 		 	Printed Name of
Participant:                                       
                 

  
 7 

 EXHIBIT A 
 CAPITAL TRUST, INC. 
 2011 LONG-TERM INCENTIVE PLAN 

Plan Document 
 (attached under this page) 

  
 8 

 EXHIBIT B 
 CAPITAL TRUST, INC. 
 2011 LONG-TERM INCENTIVE PLAN 

Plan Prospectus 

  
 9 

 EXHIBIT C 
 CAPITAL TRUST, INC. 
 2011 LONG-TERM INCENTIVE PLAN 

Deferral and Distribution Election 
 (if allowed under Section 1 of the RSU Award Agreement) 

DEFERRAL AND DISTRIBUTION ELECTION (the “Election”), made this
             day of             ,             , by me, as the
undersigned participant in the above-referenced plan (the “Plan”) that is sponsored by Capital Trust, Inc. (the “Company”). 
 WHEREAS, I have received an Award of RSUs pursuant to an Award Agreement dated             ,
201         (my “RSU Award”) that permits me to make a deferral election pursuant to Section 7(e) of the Plan, and I desire to make such an election subject to the terms and conditions
hereof. 
 NOW, THEREFORE, I hereby elect as follows, and the Company agrees to be bound by the terms of
my elections herein effective immediately, provided that, within 30 days after the Grant Date set forth in my RSU Award, I provide the Company with an original copy of my completed and fully-executed Election herein: 

1. Defined Terms. Terms beginning with initial capital letters within this Election have the special meaning defined in the
Plan or my RSU Award (or in this Election for definitions set forth herein). 
 2. Provisions Incorporated by Reference. The terms
of my RSU Award are incorporated herein by reference. 
 3. Term of Election. This Election and the provisions of
my RSU Award and the Plan constitute the entire agreement between me and the Company regarding this matter, and will continue in full force and effect until and unless I execute a superseding distribution election pursuant to Section 8(c)(ii)
of the Plan. 
 4. RSUs and Dividends being Deferred. I hereby elect to defer the receipt of
             percent (        %) of the Shares that would otherwise be transferred to me more than 12 months after the date of this deferral election
(or upon my earlier death). I understand and recognize that pursuant to this Election, the Company agrees to credit me on its books and records with DSUs pursuant to the terms and conditions of Section 8 of the Plan. Notwithstanding this
deferral election, whenever the Company pays cash dividends to its shareholders, I elect with respect to any DSUs credited pursuant to this Agreement and any RSUs issued to me that have not vested – 

 

	 	 ̈	 to receive an immediate cash payment equal to the product of (i) the sum of the DSUs and RSUs then credited to my account and (ii) the per
Share dividend, or 

  

	 	 ̈	 to receive additional DSU credits having a Fair Market Value (determined as of the date of any such dividend) equal to the cash that I would have
received if I had so elected above. 

  
 10 

 For purposes of this Agreement, “Fair Market Value” means, as of any date (the
“Determination Date”): (i) the closing sales price of a Share on the New York Stock Exchange, the NASDAQ or the American Stock Exchange (each, an “Exchange”), on the Determination Date, or, if shares were not traded on the
Determination Date, then on the nearest preceding trading day during which a sale occurred; or (ii) if such stock is not traded on an Exchange but is otherwise traded in the over-the-counter market, the mean between the representative bid and
asked prices on the Determination Date; or (iii) if subsections (i) and (ii) do not apply, the fair market value established in good faith by the Committee. 
 5. Settlement of DSUs. The Company agrees to settle my DSUs through issuing unrestricted Shares (with cash being paid in lieu of fractional Shares) in accordance with the
earliest to occur of the events determined pursuant to my elections in the following schedule: 
  

					
	 Event
	  	 Form of Distribution
	  	 Time of Distribution

			
	         My Death
	  	
 ̈       One lump sum
distribution.

 ̈       Substantially equal
annual payments over a   period of          years (up to 10).
	  	
 ̈       As soon as
practicable.

 ̈       The next January
1st.

 ̈       Other:  
                      .

			
	          My Disability
	  	
 ̈       One lump sum
distribution.

 ̈       Substantially equal
annual payments over a   period of          years (up to 10).
	  	
 ̈       As soon as
practicable.

 ̈       The next January
1st.

 ̈       Other:  
                      .

			
	          My Other Separation from Service
	  	
 ̈       One lump sum
distribution.

 ̈       Substantially equal
annual payments over a   period of          years (up to 10).
	  	
 ̈       As soon as
practicable.

 ̈       The next January
1st.

 ̈       Other:  
                      .

			
	          Change in Control
	  	
 ̈       One lump sum
distribution.

 ̈       Substantially equal
annual payments over a   period of          years (up to 10).
	  	
 ̈       As soon as
practicable.

 ̈       The next January
1st.

 ̈       Other:  
                      .

			
	          Specified Date
	  	
 ̈       One lump sum
distribution.

 ̈       Substantially equal
annual payments over a   period of          years (up to 10).
	  	Date:                          ,
        .

 Note: the term “Separation from Service” means the first to occur of a
termination of your Continuous Service, or your “separation from service” within the meaning of Code Section 
 409A and associated rulings and regulations (with such separation being presumed to occur if based on a 50% or more reduction in your service, as determined thereunder). 

  
 11 

 6. Taxes. By signing this Election, you acknowledge that you shall be solely
responsible for the satisfaction of any taxes that may arise pursuant to this Award (including taxes arising under Sections 409A or 4999 of the Code), and that neither the Company nor any of its officers, directors, employees, or other service
providers shall have any obligation whatsoever to pay such taxes or to otherwise indemnify or hold you harmless from any or all of such taxes. The Committee shall nevertheless have the discretion (i) to condition any issuance of Shares on my
satisfaction of applicable employment and withholding taxes; (ii) to unilaterally interpret this Election in any manner that conforms with the requirements of Section 409A of the Code; (iii) to modify or void any election of mine to
the extent it would violate Section 409A of the Code, and (iv) for any distribution election that would violate Section 409A of the Code, to defer distributions pursuant hereto until the earliest to occur of a distribution event that
is allowable under Section 409A of the Code or any distribution event that is both allowable under Section 409A of the Code and is duly elected by me. 
 7. Effect of This Election. I recognize and agree that the Company will honor the terms and conditions of this Election, subject to any provisions of the Plan or my RSU Award that are not
patently inconsistent herewith. 
 IN WITNESS WHEREOF, I have made this election on the day and year
first above-written. 
  

							
		 		 	PARTICIPANT
				
		 		 	My Signature:	 	 
				
		 		 	My Printed Name:	 	  

  

  
 12 

 EXHIBIT D 
 CAPITAL TRUST, INC. 
 2011 LONG-TERM INCENTIVE PLAN 

Designation of Death Beneficiary 
 In connection with the Awards designated below that I have received pursuant to the Capital Trust, Inc. 2011 Long-Term Incentive Plan (the “Plan”), I hereby designate the person specified
below as the beneficiary upon my death of my interest in such Awards. This designation shall remain in effect until revoked in writing by me. 
  

					
	Name of Beneficiary:	  	  

		
	Address:	  	  

		
		  	  

		
		  	  

		
	Social Security No.:	  	  

 This beneficiary designation relates to any and all of my rights under the following
Award or Awards: 
  

	 	 ̈	 any Award that I have received or ever receive under the Plan. 

 

	 	 ̈	 the                         
Award that I received pursuant to an award agreement dated                          ,
         between myself and the Company. 

 I
understand that this designation operates to entitle the above named beneficiary, in the event of my death, to any and all of my rights under the Award(s) designated above from the date this form is delivered to the Company until such date as this
designation is revoked in writing by me, including by delivery to the Company of a written designation of beneficiary executed by me on a later date. 
  

							
		 		 	Date:	 	 
				
		 		 	By:	 	 
		 		 		 	Name of Participant

 Sworn to before me this 
              day of
                        , 20         

Notary Public 
 County
of                             
 State of                              

  
 13 

 EXHIBIT E 
 CAPITAL TRUST, INC. 
 2011 LONG-TERM INCENTIVE PLAN 

Long-Term Consideration and 
 Company Recovery for Breach 
 By signing and accepting your Award
Agreement, you recognize and agree that the Company’s key consideration in granting this Award is securing your long-term commitment to serve as its
                         [include job title or description] who will advance and promote the Company’s business
interests and objectives. Accordingly, you agree that this Award shall be subject to the terms and conditions set forth in Section 14 of the Plan (relating to the termination, rescission, and recapture if you violate certain commitments made
therein to the Company), as well as to the following terms and conditions as material and indivisible consideration for this Award: 
 (a) Fiduciary Duty. During your employment with the Company you shall devote your full energies, abilities, attention and business time to the performance of your job responsibilities and shall not
engage in any activity which conflicts or interferes with, or in any way compromises, your performance of such responsibilities. 
 (b) Confidential Information. You recognize that by virtue of your employment with the Company, you will be granted otherwise prohibited access to confidential information and proprietary data
which are not known, and not readily accessible to the Company’s competitors. This information (the “Confidential Information”) includes, but is not limited to, current and prospective clients; the identity of key contacts at such
clients; clients’ particularized preferences and needs; marketing strategies and plans; financial data; personnel data; compensation data; proprietary procedures and processes; and other unique and specialized practices, programs and plans of
the Company and its clients and prospective clients. You recognize that this Confidential Information constitutes a valuable property of the Company, developed over a significant period of time and at substantial expense. Accordingly, you agree that
you shall not, at any time during or after your employment with the Company, divulge such Confidential Information or make use of it for your own purposes or the purposes of any person or entity other than the Company. 

(c) Non-Solicitation of Clients. You recognize that by virtue of your employment with the Company you will be
introduced to and involved in the solicitation and servicing of existing clients of the Company and new clients obtained by the Company during your employment. You understand and agree that all efforts expended in soliciting and servicing such
clients shall be for the permanent benefit of the Company. You further agree that during your employment with the Company you will not engage in any conduct which could in any way jeopardize or disturb any of the Company’s customer
relationships. You also recognize the Company’s legitimate interest in protecting, for a reasonable period of time after your employment with the Company, the Company’s clients. Accordingly, you agree that, for a period beginning on the
date hereof and ending one (1) year after termination of your employment with the Company, regardless of the reason for such termination, you shall not, directly or indirectly, without the prior written consent of the Chairman of the Company,
market, offer, sell or otherwise furnish any products or services similar to, or otherwise competitive with, those offered by the Company to any customer of the Company. 

  
 14 

 (d) Non-Solicitation of Employees. You recognize the substantial
expenditure of time and effort which the Company devotes to the recruitment, hiring, orientation, training and retention of its employees. Accordingly, you agree that, for a period beginning on the date hereof and ending one (1) year after
termination of your employment with the Company, regardless of the reason for such termination, you shall not, directly or indirectly, for yourself or on behalf of any other person or entity, solicit, offer employment to, hire or otherwise retain
the services of any employee of the Company. 
 (e) Survival of Commitments; Potential Recapture of Award and
Proceeds. You acknowledge and agree that the terms and conditions of this Section regarding confidentiality and non-solicitation [and non-competition] shall survive both (i) the termination of your employment with the Company for any
reason, and (ii) the termination of the Plan, for any reason. You acknowledge and agree that the grant of RSUs in this Award Agreement is just and adequate consideration for the survival of the restrictions set forth herein, and that the
Company may pursue any or all of the following remedies if you either violate the terms of this Section or succeed for any reason in invalidating any part of it (it being understood that the invalidity of any term hereof would result in a failure of
consideration for the Award): 
  

	 	(i)	 declaration that the Award is null and void and of no further force or effect; 

 

	 	(ii)	 recapture of any Shares issued to you, or any designee or beneficiary of you, pursuant to the Award; 

 

	 	(iii)	 recapture of the proceeds, plus reasonable interest, with respect to any Shares that are both issued pursuant to this Award and sold or otherwise
disposed of by you, or any designee or beneficiary of you. 

 The remedies provided above are not intended to
be exclusive, and the Company may seek such other remedies as are provided by law, including equitable relief. 

(f) Acknowledgement. You acknowledge and agree that your adherence to the foregoing requirements will not prevent
you from engaging in your chosen occupation and earning a satisfactory livelihood following the termination of your employment with the Company. 

  
 15

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