Document:

Exhibit 10.10.1

 Exhibit 10.10.1 
 TWO HARBORS INVESTMENT CORP. 
 2009 EQUITY INCENTIVE
PLAN 
 RESTRICTED STOCK AWARD AGREEMENT 
 AGREEMENT by and between Two Harbors Investment Corp., a Maryland corporation (the “Company”), and
                         (the “Grantee”), dated as of the          day of
                , 20     (the “Effective Date”). 
 WHEREAS, the Company maintains the Two Harbors Investment Corp. 2009 Equity Incentive Plan (the “Plan”) (capitalized terms used but not otherwise defined herein shall have the respective
meanings ascribed thereto by the Plan); 
 WHEREAS, the Grantee is a[n]
                 of a Participating Company; and 
 WHEREAS, in accordance with the Plan, the Committee has determined that it is in the best interests of the Company and its stockholders to grant Restricted Stock to the Grantee subject to the terms and conditions set forth below.

 [If Grant is for a member of the Compensation Committee, references to the “Committee” making and administering
the Grant may need to be changed to the “Board”] 
 NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS: 
 1. Grant of Restricted Stock. 
 The Company hereby grants the Grantee          Shares of Restricted Stock of the Company, subject to the following terms and conditions and subject to the
provisions of the Plan. The Plan is incorporated herein by reference as though set forth herein in its entirety. To the extent such terms or conditions conflict with any provision of the Plan, the terms and conditions set forth herein shall govern.

 2. Restrictions and Conditions. 
 The Restricted Stock awarded pursuant to this Agreement and the Plan shall be subject to the following restrictions and conditions: 
  

	 	(i)	Subject to clauses (iii) and (iv) below, the period of restriction with respect to Shares granted hereunder (the “Restriction Period”) shall
begin on the Effective Date and lapse[, if and as [employment] [service] continues] on the following schedule: 

  

			
	 Date Restriction Lapses
	  	 Number of Shares

	                  ,
20    
	  	[            ]
	                  ,
20    
	  	[            ]
	                  ,
20    
	  	[            ]

 For purposes of the Plan and this Agreement, Shares with respect to which the
Restriction Period has lapsed shall be vested. Notwithstanding the foregoing, the Restriction Period with respect to such Shares shall only lapse as to whole Shares. Subject to the provisions

 
of the Plan and this Agreement, during the Restriction Period, the Grantee shall not be permitted voluntarily or involuntarily to sell, transfer, pledge,
anticipate, alienate, encumber or assign Shares (or have such Shares attached or garnished). 
  

	 	(ii)	Except as provided in the foregoing clause (i), below in this clause (ii) or in the Plan, the Grantee shall have, in respect of the Shares of Restricted Stock, all of the
rights of a stockholder of the Company, including the right to vote the Shares and the right to receive dividends. The Grantee shall be entitled to receive any cash dividends on any shares of Restricted Stock (whether or not then subject to
restrictions) which have not been forfeited. Certificates for Shares (not subject to restrictions) shall be delivered to the Grantee or his or her designee promptly after, and only after, the Restriction Period shall lapse without forfeiture in
respect of such Shares of Restricted Stock. 

  

	 	(iii)	Subject to clause (iv) below, if the Grantee has a Termination of Service by the Company and its Subsidiaries for Cause or by the Grantee for any reason other than his or her
death, Retirement or Disability, during the Restriction Period, then (A) all Shares still subject to restriction shall thereupon, and with no further action, be forfeited by the Grantee, and (B) the Company shall pay to the Grantee as soon
as practicable (and in no event more than 30 days) after such termination an amount equal to the lesser of (x) the amount (if any) paid by the Grantee for such forfeited Restricted Stock as contemplated by the Plan, and (y) the Fair Market
Value on the date of termination of the forfeited Restricted Stock. 

  

	 	(iv)	In the event the Grantee has a Termination of Service on account of death, Disability or Retirement or the Grantee has a Termination of Service by the Company and its Subsidiaries
for any reason other than for Cause, or in the event of a Change of Control (regardless of whether a termination follows thereafter), during the Restriction Period, then the Restriction Period will immediately lapse on all Restricted Stock.

  

	 	(v)	[for use where the Grantee has an Employment Agreement] [Notwithstanding any other provision hereof, if the Grantee is a party to an effective employment agreement with the
Company from time to time, then the Restriction Period shall also end if and as may be otherwise required by such employment agreement; and nothing herein shall limit any rights the Grantee may otherwise have under such employment agreement.]

 3. Miscellaneous. 
  

	 	(a)	THIS AGREEMENT SHALL BE GOVERNED BY THE LAWS OF THE STATE OF MARYLAND, WITHOUT REGARD TO ANY PRINCIPLES OF CONFLICT OF LAWS WHICH COULD CAUSE THE APPLICATION OF THE LAWS OF ANY
JURISDICTION OTHER THAN THE STATE OF MARYLAND. The captions of this Agreement are not part of the provisions hereof and shall have no force or effect. This Agreement may not be amended or modified except by a written agreement executed by the
parties hereto or their respective successors and legal representatives. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement.

  

 2 

	 	(b)	The Committee may make such rules and regulations and establish such procedures for the administration of this Agreement as it deems appropriate. Without limiting the generality of
the foregoing, the Committee may interpret the Plan and this Agreement, with such interpretations to be conclusive and binding on all persons and otherwise accorded the maximum deference permitted by law, provided that the Committee’s
interpretation shall not be entitled to deference on and after a Change of Control except to the extent that such interpretations are made exclusively by members of the Committee who are individuals who served as Committee members before the Change
of Control and take any other actions and make any other determinations or decisions that it deems necessary or appropriate in connection with the Plan, this Agreement or the administration or interpretation thereof. In the event of any dispute or
disagreement as to interpretation of the Plan or this Agreement or of any rule, regulation or procedure, or as to any question, right or obligation arising from or related to the Plan or this Agreement, the decision of the Committee, except as
provided above, shall be final and binding upon all persons. 

  

	 	(c)	All notices hereunder shall be in writing and, if to the Company or the Committee, shall be delivered to the Board or mailed to its principal office, addressed to the attention of
the Board; and if to the Grantee, shall be delivered personally, sent by facsimile transmission, or mailed to the Grantee at the address appearing in the records of the Company. Such addresses may be changed at any time by written notice to the
other party given in accordance with this Paragraph 3(c). 

  

	 	(d)	[for use if Grant is made to employee of the Manager] [The grant made hereby is made to Manager in consideration of services rendered thereby, and is in turn made by Manager
in consideration of the services rendered by the Grantee. For purposes of the provisions in Paragraphs 2(iii) through 2[(v)] above relating to employment with the Company (and the termination thereof), and also for purposes of any references in the
Plan to an employment agreement, “Company,” as the context so requires, shall include Manager and its affiliates to the extent that the Grantee is a provider of services to such entities.] 

  

	 	(e)	The failure of the Grantee or the Company to insist upon strict compliance with any provision of this Agreement, or to assert any right the Grantee or the Company, respectively, may
have under this Agreement, shall not be deemed to be a waiver of such provision or right or any other provision or right of this Agreement. 

  

	 	(f)	The Company shall be entitled to withhold from any payments or deemed payments any amount of tax withholding it determines to be required by law. 

  

	 	(g)	Nothing in this Agreement shall confer on the Grantee any right to continue in the employ or other service of the Company or its Subsidiaries or interfere in any way with the right
of the Company or its Subsidiaries and its stockholders to terminate the Grantee’s employment or other service at any time. 

  

	 	(h)	This Agreement contains the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements, written or oral, with respect
thereto. 

 IN WITNESS WHEREOF, the Company and the Grantee have executed this Agreement as of the day and year first above
written. 
  

 3 

			
	 TWO HARBORS INVESTMENT CORP.,

		
	 By:
	 	  

		 	Name:
		 	Title:
	
	  

	 [GRANTEE]

  

 4Exhibit 10.10.2

 Exhibit 10.10.2 
 TWO HARBORS INVESTMENT CORP. 
 2009 EQUITY INCENTIVE PLAN

 PHANTOM SHARE AWARD AGREEMENT 
 AGREEMENT by and between Two Harbors Investment Corp., a Maryland corporation (the “Company”), and
                         (the “Grantee”), dated as of the          day of
                , 20     (the “Effective Date”). 
 WHEREAS, the Company maintains the Two Harbors Investment Corp. 2009 Equity Incentive Plan (the “Plan”) (capitalized terms used but not otherwise defined herein shall have the respective
meanings ascribed thereto by the Plan); 
 WHEREAS, the Grantee is a[n]
                 of a Participating Company; and 
 WHEREAS, in accordance with the Plan, the Committee has determined that it is in the best interests of the Company and its stockholders to grant Phantom Shares to the Grantee subject to the terms and conditions set forth below. 

[If Grant is for a member of the Compensation Committee, references to the “Committee” making and administering the Grant
may need to be changed to the “Board”] 
 NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS: 
 1. Grant of Phantom Shares. The Company hereby grants the Grantee
             Phantom Shares. The Phantom Shares are subject to the terms and conditions of this Agreement, and are also subject to the provisions of the Plan. The Plan is hereby
incorporated herein by reference as though set forth herein in its entirety. 
 2. Vesting. 
 The Phantom Shares awarded pursuant to this Agreement shall be subject to the terms and conditions set forth in this Paragraph 2. To the
extent such terms or conditions conflict with any provision in the Plan, the terms and conditions set forth herein shall govern. 
  

	 	(a)	The Phantom Shares shall vest, except as provided herein, pursuant to the following schedule: 

  

			
	 Vesting Date
	  	 Number of Phantom Shares

	                ,20    	  	[            ]
	                ,20    	  	[            ]
	                ,20    	  	[            ]

  

	 	(b)	Subject to clause (c) below, if the Grantee has a Termination of Service by the Company and its Subsidiaries for Cause or by the Grantee for any reason other than
his or her death, Retirement, or Disability during the applicable period of forfeiture, then all Phantom Shares (whether or not such Phantom Shares are otherwise vested) shall thereupon, and with no further action, be forfeited by the Grantee.

  

 1 

	 	(c)	In the event the Grantee has a Termination of Service on account of death, Disability or Retirement or the Grantee has a Termination of Service by the Company and its Subsidiaries
for any reason other than for Cause, or in the event of a Change of Control (regardless of whether a termination follows thereafter), during the applicable period of forfeiture, then all Phantom Shares granted to the Grantee hereunder shall
immediately vest and shall be settled as provided hereunder. 

  

	 	(d)	[for use where the Grantee has an Employment Agreement:] [Notwithstanding any other provision hereof, if the Grantee is a party to an effective employment agreement with the
Company from time to time, then the applicable period of forfeiture shall also end if and as may be otherwise required by such employment agreement; and nothing herein shall limit any rights the Grantee may otherwise have under such employment
agreement.] 

 3. Dividend Equivalent Rights. 
 A Dividend Equivalent Right is hereby granted to the Grantee, consisting of the right to receive, with respect to each Phantom Share, cash in an amount
equal to the cash dividend distributions paid in the ordinary course on a Share to the Company’s common stockholders (each, a “Dividend Payment”), as set forth below. For each Phantom Share then outstanding, whether or not then
vested, if a cash dividend is payable in the ordinary course on a Share, the Company shall make a payment to the Grantee in an amount equal to the applicable Dividend Payment, on or about the date of the Dividend Payment, but in no event later than
March 15th of the year following the date of the Dividend Payment. 
 4. Settlement. 
 Unless otherwise determined by the Committee at the time of payment, each vested and outstanding Phantom Share shall be settled in one Share of Common
Stock of the Company. Such settlement shall occur on the first day of the month to follow the Grantee’s Termination of Service (unless the Grantee elects to defer such settlement). Notwithstanding the above, Phantom Shares that are vested at
the time of the death of the Grantee or in the event of a Change of Control shall be settled at the time of such event. For the avoidance of doubt, to the extent the terms of this Paragraph 4 conflict with any terms of the Plan relating to the
settlement of Phantom Shares, the terms of this Paragraph 4 shall govern. To the extent any payment pursuant to this Paragraph 4 is required to be delayed six months pursuant to the special rules of Section 409A of the Code related to
“specified employees,” each affected payment shall be delayed until six months after the Grantee’s Termination of Service (other than on account of the death of the Grantee). 
 5. Miscellaneous. 
  

	 	(a)	The value of a Phantom Share may decrease depending upon the Fair Market Value of a Share from time to time. Neither the Company nor the Committee, nor any other party associated
with the Plan, shall be held liable for any decrease in the value of the Phantom Shares. If the value of such Phantom Shares decrease, there will be a decrease in the underlying value of what is distributed to the Grantee under the Plan and this
Agreement. 

  

	 	(b)	 With respect to this Agreement, (i) the Phantom Shares are bookkeeping entries, (ii) the obligations of the Company under the Plan are unsecured and
constitute a commitment by the Company to make benefit payments in the future, (iii) to the extent that any person acquires a right to receive payments from the Company under the Plan, such right shall be no greater than the right of any
general unsecured creditor of the Company, (iv) all payments under the Plan (including distributions of Shares) shall be paid from the general 

  

 2 

	 	 
funds of the Company and (v) no special or separate fund shall be established or other segregation of assets made to assure such payments (except that
the Company may in its discretion establish a bookkeeping reserve to meet its obligations under the Plan). The award of Phantom Shares is intended to be an arrangement that is unfunded for tax purposes and for purposes of Title I of the Employee
Retirement Income Security Act of 1974, as amended. 

  

	 	(c)	THIS AGREEMENT SHALL BE GOVERNED BY THE LAWS OF THE STATE OF MARYLAND, WITHOUT REFERENCE TO PRINCIPLES OF CONFLICT OF LAWS. The captions of this Agreement are not part of the
provisions hereof and shall have no force or effect. This Agreement may not be amended or modified except by a written agreement executed by the parties hereto or their respective successors and legal representatives. The invalidity or
unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement. 

  

	 	(d)	The Committee may construe and interpret this Agreement and establish, amend and revoke such rules, regulations and procedures for the administration of this Agreement as it deems
appropriate. In this connection, the Committee may correct any defect or supply any omission, or reconcile any inconsistency in this Agreement or in any related agreements, in the manner and to the extent it shall deem necessary or expedient to make
the Plan fully effective. All decisions and determinations by the Committee in the exercise of this power shall be final and binding upon the Company and the Grantees. 

  

	 	(e)	All notices hereunder shall be in writing, and if to the Company, shall be delivered to the Board or mailed to its principal office, addressed to the attention of the Committee; and
if to the Grantee, shall be delivered personally or mailed to the Grantee at the address appearing in the records of the Company. Such addresses may be changed at any time by written notice to the other party given in accordance with this Paragraph
5(e). 

  

	 	(f)	[for use if Grant is made to employee of the Manager] [The grant made hereby is made to Manager in consideration of services rendered thereby, and is in turn made by Manager
in consideration of the services rendered by the Grantee. For purposes of the provisions in Paragraphs 2(b) through 2[(d)] above relating to employment with the Company (and the termination thereof), and also for purposes of any references in the
Plan to an employment agreement, “Company,” as the context so requires, shall include Manager and its affiliates to the extent that the Grantee is a provider of services to such entities.] 

  

	 	(g)	The failure of the Grantee or the Company to insist upon strict compliance with any provision of this Agreement or the Plan, or to assert any right the Grantee or the Company,
respectively, may have under this Agreement or the Plan, shall not be deemed to be a waiver of such provision or right or any other provision or right of this Agreement or the Plan. 

  

	 	(h)	Nothing in this Agreement shall confer on the Grantee any right to continue in the employ or other service of the Company or its Subsidiaries or interfere in any way with the right
of the Company or its Subsidiaries and its stockholders to terminate the Grantee’s employment or other service at any time. 

  

	 	(i)	This Agreement contains the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements, written or oral, with respect
thereto. 

  

 3 

 IN WITNESS WHEREOF, the Company and the Grantee have executed this Agreement as of the day and year first
above written. 
  

			
	TWO HARBORS INVESTMENT CORP.,
		
	By:	 	 
	 Name:
 Title:

  

			
	 
	 [GRANTEE]

  

 4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}]]