Document:

DCT Industrial Trust Inc. 2006 Incentive Compensation Plan

 Exhibit 10.2 
 DCT INDUSTRIAL TRUST, INC. 
 2006 INCENTIVE COMPENSATION PLAN 
 1. Purpose of the Plan 
 The purpose of the Plan is to
enable the Committee to establish performance goals for officers and other key employees of DCT Industrial Trust Inc. (f/k/a Dividend Capital Trust Inc.) and its subsidiaries, to determine bonuses which will be awarded to selected officers and other
key employees on the basis of performance goals established for them and to ensure that bonus payments are in accordance with the arrangements established by the Committee. 
 2. Definitions 
 As used in this Plan, the following definitions apply: 
 (a) “Bonus” means the bonus to which an Eligible Person is entitled under a bonus arrangement established by the Committee under the Plan.

 (b) “Bonus Formula” means the formula for calculating an Eligible Person’s Bonus on the basis of, a performance goal
established under the Plan or otherwise. 
 (c) “Committee” means the Compensation Committee of the Company’s Board of
Directors or a subcommittee of such Compensation Committee consisting solely of at least two Outside Directors; provided that no action taken by the Committee (including, without limitation, grants) shall be invalidated because any or all of the
members of the Committee fails to satisfy the Outside Director requirement. 
 (d) “Company” means DCT Industrial Trust Inc. (f/k/a
Dividend Capital Trust Inc.), a Maryland corporation. 
 (e) “Contribution Agreement” means the Contribution Agreement among DCT
Industrial Trust Inc., Dividend Capital Operating Partnership, LP, and Dividend Capital Advisors Group LLC, dated as of July 21, 2006. 
 (f) “EBITDA” means earnings before interest, taxes, depreciation and amortization. 
 (g) “Eligible Person”
means (i) an employee of a Participating Company or (ii) a joint venture affiliate of the Company or other entities designated in the discretion of the Committee, or employees of the foregoing. In the case of grants directly or indirectly
to employees of entities described in clause (ii) of the foregoing sentence, the Committee may make arrangements with such entities in its discretion, in light of tax and other considerations. 
 (h) “Outside Director” means a director of the Company who qualifies as an independent director for the purposes of Section 162(m) of the
Internal Revenue Code of 1986, as amended. 
 (i) “Participating Company” means the Company and any corporation, partnership or
other entity of which at least 50% of the economic interest in the equity or voting power is owned (directly or indirectly) by the Company. In the event the Company becomes a subsidiary of another company (directly or indirectly), the provisions
hereof applicable to a Participating Company shall, unless otherwise determined by the Committee, also be applicable to such parent company. 
 (j) “Plan” means this DCT Industrial Trust, Inc. 2006 Incentive Compensation Plan. 

 3. Authority to Establish Performance Goals and Bonuses 
 (a) The Committee will have the authority to establish for any Eligible Person who is an officer, or who the Committee determines to be a key employee, of
the Company or any subsidiary a performance goal, and a Bonus Formula related to that performance goal, for any fiscal year of the Company, or for a period which is shorter or longer than a single fiscal year. A Bonus Formula may be based upon the
extent of achievement of specified levels of one or more of the business criteria specified on Exhibit A hereto. Performance goals may be absolute amounts or percentages of amounts or may be relative to the performance of other companies or of
indexes, and may be on an aggregate, per-share or other similar basis. The Bonus Formula shall be established in writing by the Committee (i) before the commencement of the period of service to which the Bonus Formula relates, or (ii) not
later than 90 days after the commencement of the period of service to which the Bonus Formula relates (provided that the outcome is substantially uncertain at the time the Committee actually establishes the Bonus Formula, and provided, further, that
the Bonus Formula is not established after 25% or more of the period of service (as determined in good faith at the time the Bonus Formula is established) has elapsed). Notwithstanding the foregoing, in the case of any Bonus for which an exception
from the limitations of Section 162(m) is not being sought, the Committee may grant such Bonus on bases other than as contemplated above; it being understood that the Committee can grant two Bonuses to any one Eligible Person (i.e., a Bonus for
which such an exception is sought, and a separate Bonus for which such an exception is not sought). 
 (b) The Committee may determine the
Bonus Formula which will determine the Bonus an Eligible Person will receive with regard to a fiscal year or other period. The maximum Bonus for any Eligible Person for each fiscal year (or portion thereof) of the applicable performance period shall
be $2,000,000; provided that in no event shall any particular Bonus be more than $10,000,000 in total. If multiple Bonuses in any particular year are granted to any particular individual, then the Bonuses will not be more than $12,000,000 in total.
Notwithstanding any other provision hereof, the Committee may, at any time at or before the time at which it issues a certification in respect of an Eligible Person’s Bonus as contemplated by Section 4, provide in its discretion (which,
for the avoidance of doubt, need not be exercised uniformly) for the elimination or reduction of the amount payable as the Bonus to that particular Eligible Person (and the reduced amount (or zero dollars, in the case of an elimination) shall
thereupon be the amount of the Eligible Person’s Bonus for purposes of the provisions of the Plan other than this sentence). 
 (c) When
the Committee establishes a performance goal and Bonus Formula for an Eligible Person, the Committee may provide (i) that the resulting Bonus will be paid in a single lump sum or that the resulting Bonus will be paid over a period of years,
with or without interest on deferred payments, and (ii) if a Bonus is to be paid over a period of years, whether the right to the unpaid portion of the Bonus will be forfeited if the Eligible Person ceases to be employed by the Company before
the bonus is paid in full. 
 (d) The Committee, in its discretion, may delegate to the Chief Executive Officer of the Company or his or her
delegate, all or part of the Committee’s authority and duties with respect to awards (where relief from the limitations of Section 162(m) of the Code is not sought). Any such delegation by the Committee may, in the sole discretion of the
Committee, include a limitation as to the amount of awards that may be awarded during the period of the delegation and may contain guidelines as to the determination of the option exercise price, or price of other awards and the vesting criteria.
The Committee may revoke or amend the terms of a delegation at any time but such action shall not invalidate any prior actions of the Committee’s delegate that were consistent with the terms of the Plan. 
 (e) The Committee may determine that Bonuses shall be paid in cash or stock (or other equity-based grants), or a combination of cash and stock. The
Committee may provide that any such stock or grants be made under the Company’s 2006 Long-Term Incentive Compensation Plan (the “LTIP”) or any other equity-based plan or program of the Company and, notwithstanding any provision of the
Plan to the contrary, in the case of any such grant, the grant shall be governed in all respects by the LTIP or such other plan or program of the Company. 
  

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 4. Review of Payment of Bonuses 
 Promptly after the end of each fiscal year of the Company, the management of the Company will present to the Committee a list showing with regard to each Eligible Person who has become entitled to a Bonus with regard
to that fiscal year (i) the Eligible Person’s performance goal or Bonus Formula with regard to that fiscal year, (ii) the extent to which the performance goal was achieved or exceeded, or other applicable information relating to the
performance goal or otherwise applicable to the Eligible Person’s Bonus Formula, and (iii) the Bonus to which the Eligible Person is entitled with regard to the fiscal year. No Bonus may be paid to an Eligible Person with regard to a
fiscal year until the Committee certifies that the Bonus with regard to that Eligible Person shown on the list (or on an amended list) is correct based upon the performance goal and the Bonus Formula established for the Eligible Person with regard
to the fiscal year. 
 5. Administration of the Plan 
 (a) The Plan will be administered by the Committee. 
 (b) The Committee will have full power to construe,
interpret and administer the Plan and to establish and change the rules and regulations for its administration. Any interpretation by the Committee of the Plan or of any performance goal or Bonus Formula established for an Eligible Person under the
Plan, and any determination of the Committee regarding the Bonus to which any Eligible Person is entitled, will bind the Company and all Eligible Persons who are affected by it. 
 (c) The Committee will have total discretion to determine whether performance goals and Bonus Formulae are to be established under the Plan for
particular Eligible Persons. The Committee will not be required to establish similar performance goals or similar Bonus Formulae for Eligible Persons who hold similar positions. 
 (d) The obligations of the Company hereunder are unsecured and constitute a mere promise by the Company to make payments in the future. To the extent
that Eligible Persons acquire a right to receive payments from the Company hereunder, such right shall be no greater than the right of any general unsecured creditor of the Company. The obligations under the Plan are not intended to be funded
obligations for tax purposes and shall be construed consistently with this intent. Any payments under the Plan shall be made out of the general assets of the Company. The Plan does not give rise to a fiduciary relationship between the Board or
Committee, on the one hand, and Eligible Persons, their beneficiaries or any other persons, on the other. 
 6. No Rights to Continued Employment

 Nothing in the Plan or in the establishment of any performance goal or Bonus Formula, and no award of any Bonus which is payable
immediately or in the future (whether or not future payments may be forfeited), will give any officer or employee of any Participating Company a right to continue to be an officer or employee of a Participating Company or in any other way affect the
right of the Participating Companies to terminate the officer position or employment of any officer or employee at any time. 
 7. Effective Date

 This Plan is effective as of the date of closing of the transaction contemplated by the Contribution Agreement, provided that the
stockholders of the Company approve the Plan at the first annual meeting of stockholders held after that date. Performance goals and Bonus Formulae may be established prior to the time the stockholders of the Company approve this Plan. However, no
Bonuses will be paid under this Plan unless it is approved by the stockholders of the Company. 
  

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 8. Amendments of the Plan 
 The Committee may, with the approval of the Board of Directors of the Company, amend the Plan at any time, except that no amendment to the Plan will be effective if it materially changes any of the criteria on which
Bonuses may be based, alters the maximum Bonus which may be paid to an Eligible Person with regard to a fiscal year or other period, or otherwise materially changes the Plan, unless the amendment is approved by the stockholders of the Company. No
amendment to the Plan may change any performance goal or Bonus Formula which has been established for an Eligible Person, or affect any Eligible Person’s right to receive a Bonus which has been earned as a result of a performance goal or Bonus
Formula established for the Eligible Person, before the amendment, unless the Eligible Person consents to the change. 
 9. Exculpation and
Indemnification. 
 The Company shall indemnify and hold harmless the members of the Board and the members of the Committee from and
against any and all liabilities, costs and expenses incurred by such persons as a result of any act or omission to act in connection with the performance of such person’s duties, responsibilities and obligations under the Plan, if such person
acts in good faith and in a manner that he or she reasonably believes to be in, or not opposed to, the best interests of the Company, to the maximum extent permitted by law. 
 10. Termination of the Plan 
 The Plan may be terminated at any time by the Committee, with the
approval of the Board of Directors of the Company. However, termination of the Plan will not affect any performance goal or Bonus Formula which has been established before the Plan is terminated or the right of any Eligible Person to receive
payments of a Bonus which the Eligible Person earned before the Plan is terminated. 
 *    *    *

 As approved by the Committee on             . 
  

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 EXHIBIT A 
 PERFORMANCE CRITERIA 
 Performance-based awards intended to qualify as “performance based”
compensation under Section 162(m) of the Code, may be payable upon the attainment of objective performance goals that are established by the Committee and relate to one or more Performance Criteria, in each case on a specified date or over any
period, up to 10 years, as determined by the Committee. Performance Criteria may (but need not) be based on the achievement of the specified levels of performance under one or more of the measures set out below relative to the performance of one or
more other corporations or indices. 
 “Performance Criteria” means the following business criteria (or any combination thereof)
with respect to one or more of the Company, any Participating Company or any division or operating unit thereof: 
  

	 	(i)	pre-tax income; 

  

	 	(ii)	after-tax income; 

  

	 	(iii)	net income (meaning net income as reflected in the Company’s financial reports for the applicable period, on an aggregate, diluted and/or per share basis);

  

	 	(iv)	operating income; 

  

	 	(v)	cash flow; 

  

	 	(vi)	earnings per share; 

  

	 	(vii)	return on equity; 

  

	 	(viii)	return on invested capital or assets; 

  

	 	(ix)	cash or funds available for distribution; 

  

	 	(x)	appreciation in the fair market value of the Common Stock; 

  

	 	(xi)	return on investment; 

  

	 	(xii)	total return to shareholders (meaning the aggregate Common Stock price appreciation and dividends paid (assuming full reinvestment of dividends) during the applicable period);

  

	 	(xiii)	net earnings growth; 

  

	 	(xiv)	stock appreciation (meaning an increase in the price or value of the Common Stock after the date of grant of an award and during the applicable period); 

  

	 	(xv)	related return ratios; 

  

	 	(xvi)	increase in revenues; 

  

	 	(xvii)	net earnings; 

  

	 	(xviii)	changes (or the absence of changes) in the per share or aggregate market price of the Company’s Common Stock; 

  

	 	(xix)	number of securities sold; 

  

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	 	(xx)	earnings before any one or more of the following items: interest, taxes, depreciation or amortization for the applicable period, as reflected in the Company’s financial reports
for the applicable period; 

  

	 	(xxi)	total revenue growth (meaning the increase in total revenues after the date of grant of an award and during the applicable period, as reflected in the Company’s financial
reports for the applicable period); 

  

	 	(xxii)	the Company’s published ranking against its peer group of real estate investment trusts based on total shareholder return; 

  

	 	(xxiii)	funds from operations; 

  

	 	(xxiv)	same-store sales from period to period; 

  

	 	(xxv)	objectively determinable capital deployment; 

  

	 	(xxvi)	realized gains on assets; and 

  

	 	(xxvii)	objectively determinable expense management. 

 Performance
goals may be absolute amounts or percentages of amounts or may be relative to the performance of other companies or of indexes, and may be on an aggregate, per-share or other similar basis. 
 To the extent permitted by Section 162(m) of the Code, unless the Committee provides otherwise at the time of establishing the Performance goals,
for each fiscal year of the Company, there shall be objectively determinable adjustments, as determined in accordance with GAAP, to any of the Performance Criteria described above for one or more of the items of gain, loss, profit or expense:
(A) determined to be extraordinary or unusual in nature or infrequent in occurrence, (B) related to the disposal of a segment of a business, (C) related to a change in accounting principle under GAAP, (D) related to discontinued
operations that do not qualify as a segment of a business under GAAP, and (E) attributable to the business operations of any entity acquired by the Company during the fiscal year. 
  

 A-2Form of Indemnification Agreement

 Exhibit 10.3 
 FORM OF INDEMNIFICATION AGREEMENT 
 This INDEMNIFICATION AGREEMENT (this “Agreement”) is
made and entered into as of this      day of October, 2006, by and between DCT Industrial Trust Inc., a Maryland corporation (the “Company”), and
                                 (“Indemnitee”). 
 WHEREAS, Indemnitee is [[delete the following for non-directors:] [a member of the Company’s Board of Directors (the “Board of
Directors”),] [[delete the following for independent directors and officers who are not directors:] [and is also]] [[delete the following for independent directors:] [a member of the Company’s management and an officer of the
Company]], and is entitled to indemnification in such [[for independent directors:] [capacity]] [[for non-independent directors and officers:] [capacities]] and may be reimbursed for certain expenses pursuant to (and subject to the
limitations provided in) the Company’s charter (the “Charter”) and applicable law; 
 WHEREAS, Indemnitee wishes to
(i) be assured to the greatest extent reasonably practicable that Indemnitee is protected against the risks of claims and litigation which may result from Indemnitee’s acts or omissions made on behalf of the Company or its affiliates, and
(ii) clarify the procedures and presumptions which will apply if Indemnitee seeks such protection; 
 WHEREAS, the Board of Directors
[[delete the following for directors:] of the Company (the “Board of Directors”)] has determined that it is appropriate and in the best interests of the Company and the Company’s stockholders that the Company should act to
assure Indemnitee that there will be increased certainty of such protection and that such assurance should be provided prior to any actions taken or omissions made by Indemnitee on behalf of the Company or its affiliates; and 
 WHEREAS, Indemnitee is willing to continue to serve the Company on the condition that Indemnitee be so indemnified; 
 NOW, THEREFORE, in consideration of the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows:

 SECTION 1. Indemnification — General. The Company shall indemnify and advance Expenses (as hereinafter defined) to Indemnitee
as provided in this Agreement and to the fullest extent permitted by applicable law and the Company’s Charter in effect on the date hereof or to such extent as applicable law and the Charter thereafter from time to time may permit;
provided, however, that no change in Maryland law or the Charter shall have the effect of reducing the benefits available to Indemnitee hereunder based on Maryland law and the Charter as in effect on the date hereof. The rights of
Indemnitee provided in this Section 1 shall include, without limitation, the rights set forth in the other sections of this Agreement, including any additional indemnification permitted by Section 2-418(g) of the Maryland General Corporation Law.
This Agreement shall be effective with respect to any Proceeding (as hereinafter defined) including, without limitation, any Proceeding which relates to acts or omissions occurring or allegedly occurring at any time prior to the date of this
Agreement. The rights of Indemnitee provided under the preceding sentences of this Section 1 shall include, but shall not be limited to, the rights set forth in the other Sections of this Agreement. 
 SECTION 2. Rights to Indemnification. Except as otherwise provided by Section 14, Indemnitee shall be entitled to the rights of indemnification
provided in this Section 2 if, by reason of Indemnitee’s Corporate Status (as hereinafter defined), Indemnitee is, or is threatened to be made, a party to any threatened, pending or completed Proceeding. Pursuant to this Section 2, Indemnitee
shall be indemnified against Expenses (as hereinafter defined), judgments, penalties, fines and amounts paid in settlement actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with such Proceeding or any other
issue or matter therein by reason of his Corporate Status, unless it is established by a preponderance of the evidence, as reflected in a final determination of a court of 

 competent jurisdiction that is not subject to further appeal, that (i) the act or omission of Indemnitee was
material to the matter(s) giving rise to the Proceeding and (A) was committed in bad faith or (B) was the result of active and deliberate dishonesty; (ii) Indemnitee actually received an improper personal benefit in money, property or
services; or (iii) in the case of any criminal Proceeding, Indemnitee had reasonable cause to believe that the act or omission was unlawful (clauses (i), (ii) and (iii) are hereinafter collectively referred to as “Bad
Conduct”). Notwithstanding the foregoing, if the Proceeding was one by or in the right of the Company, no indemnification shall be made in respect of any claim, issue or matter in such Proceeding as to which Indemnitee shall have been adjudged
to be liable to the Company if applicable law prohibits such indemnification; provided, however, that, if applicable law so permits, indemnification shall nevertheless be made by the Company in such event if and only to the extent that the
court in which such Proceeding shall have been brought or is pending, shall so determine. 
 SECTION 3. Indemnification for Expenses of a
Party Who is Wholly or Partly Successful. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status, a party to and is successful, on the merits or otherwise, in
defense of any Proceeding, Indemnitee shall be indemnified against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection therewith. If Indemnitee is not wholly successful in the defense of such
Proceeding but is successful on the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by Indemnitee or
on Indemnitee’s behalf in connection with each successfully resolved claim, issue or matter, allocated on a reasonable and proportionate basis. For purposes of this Section 3, and without limitation, the termination of any claim, issue or
matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue or matter. 
 SECTION 4. Indemnification of Expenses of a Witness. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status, a witness in any Proceeding, Indemnitee
shall be indemnified against all Expenses actually and reasonably incurred by Indemnitee on Indemnitee’s or the Company’s behalf in connection therewith. 
 SECTION 5. Advancement of Expenses. The Company shall advance all Expenses reasonably incurred by or on behalf of Indemnitee in connection with any threatened, pending or completed Proceeding from time to time
and as incurred, within 30 days after the receipt by the Company of a statement or statements from Indemnitee requesting such advance or advances, whether prior to or after final disposition of such Proceeding. Such statement or statements shall
reasonably evidence the Expenses incurred by Indemnitee and shall include or be preceded or accompanied by (i) a written affirmation by Indemnitee of Indemnitee’s good-faith belief that he has not engaged in Bad Conduct in connection with the
matter(s) giving rise to, and is entitled to indemnification in connection with, such Proceeding, pursuant to and in accordance with the terms of this Agreement, and (ii) an undertaking by or on behalf of Indemnitee to repay any Expenses advanced if
it shall ultimately be determined that Indemnitee has engaged in Bad Conduct in connection with the matter(s) giving rise to such Proceeding and is therefore not entitled to be indemnified against such Expenses. To the extent that Expenses advanced
to Indemnitee do not relate a specific claim, issue or matter in the Proceeding, such Expenses shall be allocated on a reasonable and proportionate basis. The undertaking required by this Section 5 shall be an unlimited general obligation by or on
behalf of Indemnitee and shall be accepted without reference to Indemnitee’s financial ability to repay such advanced Expenses and without any requirement to post security therefor. 
  

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 SECTION 6. Procedure for Determination of Entitlement to Indemnification. 
 (a) To obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written request, including therein or therewith such
documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification. The Secretary of the Company shall, promptly upon receipt of such a
request for indemnification, advise the Board of Directors of the Company in writing that Indemnitee has requested indemnification. 
 (b)
Upon written request by Indemnitee for indemnification pursuant to the first sentence of Section 6(a), a determination, if required by applicable law, with respect to Indemnitee’s entitlement thereto shall be made in the specific case:
(i) if a Change in Control (as hereinafter defined) shall have occurred, by Independent Counsel (as hereinafter defined) (unless Indemnitee shall request that such determination be made by the Board of Directors, in which case such
determination shall be made by the person or persons provided for in clause (ii)(A), or in the manner provided for in clause (ii)(B), of this Section 6(b)) in a written opinion to the Board of Directors, a copy of which shall be delivered to
Indemnitee; or (ii) if a Change in Control shall not have occurred, (A) by a majority vote of all Disinterested Directors (as hereinafter defined), even though less than a quorum of the Board of Directors, or (B) if there are no
Disinterested Directors, by Independent Counsel in a written opinion to the Board of Directors, a copy of which shall be delivered to Indemnitee; and if it is so determined that Indemnitee is entitled to indemnification, payment to Indemnitee shall
be made in full within ten days after such determination. Indemnitee shall cooperate with the person, persons or entity making such determination with respect to Indemnitee’s entitlement to indemnification, including providing to such person,
persons or entity upon reasonable advance request any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such determination. Any
costs or expenses (including reasonable attorneys’ fees and disbursements) incurred by Indemnitee in so cooperating with the person, persons or entity making such determination or otherwise in connection with Indemnitee’s request for
indemnification shall be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom. 
 (c) In the event the determination of entitlement to indemnification is to be made by the Independent Counsel pursuant to Section 6(b) hereof, the
Independent Counsel shall be determined as provided in this Section 6(c). The Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall request that such selection be made by the Board of Directors, in which event the Board
of Directors shall so select), and Indemnitee shall give written notice to the Company advising it of the identity of the Independent Counsel so selected. In either event, Indemnitee or the Company, as the case may be, within seven days after such
written notice of selection shall have been given, may deliver to the other a written objection to such selection. If such objection to Independent Counsel selected by Indemnitee is made by the Company (or if such objection to Independent Counsel
selected by the Board of Directors at the request of Indemnitee is made by Indemnitee), Indemnitee may select, and give the Company written notice of selection of, another Independent Counsel, in which event the Company may, within seven days after
such written notice of selection shall have been given, deliver to Indemnitee a written objection to such selection. Any objection hereunder to Independent Counsel may be asserted only on the grounds that the Independent Counsel so selected does not
meet the requirements of “Independent Counsel” as defined in Section 17 of this Agreement, and the objection shall set forth with particularity the factual basis of such assertion. If any such written objections are made under this
Section 6(c), the Independent Counsel so selected may not serve as Independent Counsel unless and until a court has determined that such objection is without merit. If, within 20 days after submission by Indemnitee of a written request for
indemnification pursuant to Section 6(a) hereof, in a case in which Independent Counsel is required to act pursuant to Section 6(b), no Independent Counsel shall have been selected and not objected to, Indemnitee may petition any court of
competent jurisdiction for resolution of any objection which shall have been made by the Company or Indemnitee to the selection of Independent 
  

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 Counsel and/or for the appointment of Independent Counsel under Section 6(b) hereof. The Company shall pay all fees
and expenses (including reasonable attorneys’ fees and disbursements) incurred by Indemnitee and incident to the procedures of this Section 6(c), regardless of the manner in which such Independent Counsel was selected or appointed. Upon
the due commencement of any judicial proceeding pursuant to Section 8(a) of this Agreement, Independent Counsel shall be discharged and relieved of any further responsibility in such capacity (subject to the applicable standards of professional
conduct then prevailing). 
 SECTION 7. Presumption and Effect of Proceedings. 
 (a) In making any determination with respect to entitlement to indemnification hereunder, the person, persons or entity making such determination shall in
each case presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 6(a) of this Agreement, and the Company shall in each case have the
burden of proof to overcome that presumption in connection with the making by any person, persons or entity of any determination contrary to that presumption. 
 (b) If the determination of whether Indemnitee is entitled to indemnification is to be made (i) by the Board of Directors in the manner provided by Section 6(b) and no determination shall have been made
within 45 days after receipt by the Company of the request therefor, or (ii) by Independent Counsel pursuant to Section 6(b) and no determination shall have been made by Independent Counsel within 45 days after the appointment of
Independent Counsel pursuant to Section 6(c), then in either such case, if Indemnitee shall have complied with Indemnitee’s obligations under Section 6(b), the requisite determination of entitlement to indemnification shall be deemed
to have been made in favor of Indemnitee and Indemnitee shall be entitled to such indemnification. 
 (c) The termination of any Proceeding
or of any claim, issue or matter therein, by conviction, or upon a plea of nolo contendere or its equivalent, or an entry of probation prior to judgment, shall not create a rebuttable presumption that Indemnitee engaged in Bad Conduct in
connection with the matter(s) giving rise to such Proceeding and Indemnitee shall have the burden of proof to overcome that presumption in connection with seeking indemnification pursuant to this Agreement. 
 SECTION 8. Remedies of Indemnitee. 
 (a) In the event that (i) a determination is made pursuant to Section 6 that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 5,
(iii) the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 6(b) and such determination shall not have been made and delivered in a written opinion within the time period specified in
Section 8(b), (iv) payment of indemnification is not made pursuant to Section 4 within ten days after receipt by the Company of a written request therefor, together with a statement reasonably evidencing the Expenses incurred by
Indemnitee, (v) payment of indemnification is not made within ten days after a determination of entitlement thereto has been made pursuant to Section 6 or deemed to have been made pursuant to Section 7, or (vi) the Board of
Directors unreasonably delays or withholds approval of a proposed settlement pursuant to Section 2, Indemnitee shall be entitled to an adjudication in any court of competent jurisdiction of Indemnitee’s entitlement to such indemnification
or advancement of Expenses or as to the reasonableness of the Board of Directors’ failure to approve the proposed settlement. Indemnitee shall commence any such proceeding seeking an adjudication within 180 days following the date on which
Indemnitee first has the right to commence such proceedings pursuant to this Section 8(a). The Company shall not oppose Indemnitee’s right to seek any adjudication. 
  

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 (b) In the event that a determination shall have been made pursuant to Section 6 that Indemnitee is
not entitled to indemnification, any judicial proceeding commenced pursuant to this Section 8 shall be conducted in all respects as a de novo trial on the merits and Indemnitee shall not be prejudiced by reason of that adverse
determination. In any judicial proceeding commenced pursuant to this Section 8, the presumption shall be that Indemnitee is entitled to indemnification and the Company shall have the burden of proving that Indemnitee is not entitled to
indemnification or advancement of Expenses, or to approval of a proposed settlement, as the case may be. 
 (c) If a determination shall have
been made or deemed to have been made pursuant to Section 6 or 7 that Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding commenced pursuant to this Section 8, absent
(i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with the request for indemnification, or (ii) prohibition of such
indemnification under applicable law. 
 (d) The Company shall be precluded from asserting in any judicial proceeding commenced pursuant to
this Section 8 that the procedures and presumptions of this Agreement are not valid, binding or enforceable and shall stipulate in any such court that the Company is bound by all the provisions of this Agreement. 
 (e) In the event Indemnitee, pursuant to this Section 8, seeks a judicial adjudication to enforce Indemnitee’s rights under, or to recover
damages for breach of, this Agreement, Indemnitee shall be entitled to recover from the Company, and shall be indemnified by the Company against, any and all expenses of the types described in the definition of Expenses in Section 17 of this
Agreement actually and reasonably incurred by Indemnitee in such judicial adjudication, but only if Indemnitee prevails therein. If it shall be determined in said judicial adjudication that Indemnitee is entitled to receive part but not all of the
indemnification or advancement of expenses sought, such expenses incurred by Indemnitee in connection with such judicial adjudication shall be appropriately prorated. 
 SECTION 9. Defense of the Underlying Proceeding. 
 (a) Indemnitee shall notify the Company reasonably
promptly upon being served with or receiving any summons, citation, subpoena, complaint, indictment, information, notice, request or other document relating to any Proceeding which may result in the right to indemnification or the advance of
Expenses hereunder; provided, however, that the failure to give any such notice shall not disqualify Indemnitee from the right, or otherwise affect in any manner any right of Indemnitee, to indemnification or the advance of Expenses
under this Agreement unless the Company’s ability to defend in such Proceeding or to obtain proceeds under any insurance policy is materially and adversely prejudiced thereby, and then only to the extent the Company is thereby actually so
prejudiced. 
 (b) If Indemnitee is not an officer of the Company, Indemnitee, together with the other directors who are not officers of the
Company (the “Outside Directors”), shall be entitled to employ, and be reimbursed for the fees and disbursements of, counsel separate from that chosen by indemnitees who are officers of the Company. The principal counsel for Outside
Directors (“Principal Counsel”) shall be determined by majority vote of the Outside Directors, and the principal counsel for the indemnitees who are not Outside Directors (“Separate Counsel”) shall be determined by majority vote
of such indemnitees. The obligation of the Company to reimburse Indemnitee for the fees and disbursements of counsel hereunder shall not extend to the fees and disbursements of any counsel employed by Indemnitee other than Principal Counsel or
Separate Counsel, as the case may be, provided that (i) Indemnitee shall have the right to employ Indemnitee’s counsel in any such Proceeding at Indemnitee’s expense and (ii) if (A) the employment of counsel by Indemnitee
has been previously authorized by the Company, (B)
  

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 Indemnitee shall have reasonably concluded with the advice of counsel that there is a substantial possibility that
Principal Counsel or Separate Counsel, as the case may be, will have a conflict of interest in representing Indemnitee, or (C) the Company shall not continue to retain Principal Counsel or Separate Counsel, as the case may be, to defend such
Proceeding, then the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. 
 (c) If the Company fails to
comply with any of its obligations under this Agreement or in the event that the Company or any other person takes any action to declare this Agreement void or unenforceable, or institutes any Proceeding to deny or to recover from Indemnitee the
benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, subject to the prior approval of the Company, which shall not be unreasonably withheld, at the expense of the
Company (subject to Section 10(d)), to represent Indemnitee in connection with any such matter. 
 SECTION 10. Non-Exclusivity;
Survival of Rights; Insurance; Subrogation. 
 (a) The rights of indemnification and to receive advancement of Expenses as provided by
this Agreement shall not be deemed exclusive of any other rights, by indemnification or otherwise, to which Indemnitee may at any time be entitled under applicable law, the Charter, the By-Laws of the Company, any agreement, a vote of the
stockholders, a resolution of directors, or otherwise. No amendment, alteration or repeal of this Agreement or any provision hereof shall be effective as to Indemnitee with respect to any act or omission by Indemnitee prior to such amendment,
alteration or repeal. 
 (b) For so long as Indemnitee serves as a director and for a period thereafter so long as such director remains
subject to liability under applicable statutes of limitations, the Company will cause to be maintained in full force and effect insurance coverage for the benefit of the Company’s directors (including Indemnitee) in reasonable amounts
substantially equivalent to the insurance coverage maintained by similarly situated companies with established and reputable insurers. To the extent that the Company maintains an insurance policy or policies providing liability insurance for
directors, officers, employees, agents or fiduciaries of the Company or of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise which such person serves at the request of the Company, Indemnitee shall
be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available for any such director, officer, employees, agent or fiduciary under such policy or policies. Without in any way limiting any
other obligation under this Agreement, the Company shall indemnify Indemnitee for any payment by Indemnitee arising out of the amount of any deductible or retention and the amount of any excess of the aggregate of all judgments, penalties, fines,
settlements and Expenses actually and reasonably incurred by Indemnitee in connection with a Proceeding over the coverage of any insurance referred to in the previous sentence. 
 (c) In the event of any payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of
Indemnitee, who shall execute all papers required and take all action necessary to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit to enforce such rights. 
 (d) The Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder if and to the extent Indemnitee
has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise. 
 SECTION 11.
Contribution. If the indemnification provided for in this Agreement for any reason is held by a court of competent jurisdiction to be unavailable to Indemnitee in respect of any 
  

 6 

 Expenses, judgments, penalties, fines or amounts paid in settlement referred to herein, then the Company, in lieu of
indemnifying Indemnitee thereunder, shall contribute to the amount paid or payable by Indemnitee as a result of such Expenses, judgments, penalties, fines or amounts paid in settlement (i) in such proportion as is appropriate to reflect the
relative benefits received by the Company and Indemnitee, or (ii) if the allocation provided by clause (i) above is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to
in clause (i) above but also the relative fault of the Company and Indemnitee in connection with the action or inaction which resulted in such Expenses, judgments, penalties, fines or amounts paid in settlement, as well as any other relevant
equitable considerations. In connection with the registration of the Company’s securities, the relative benefits received by the Company and Indemnitee shall be deemed to be in the same respective proportions that the net proceeds from the
offering (before deducting expenses) received by the Company and Indemnitee, in each case as set forth in the table on the cover page of the applicable prospectus, bear to the aggregate public offering price of the securities so offered. The
relative fault of the Company and Indemnitee 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 Company or Indemnitee and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 
 The Company and Indemnitee agree that it would not be just and equitable if contribution pursuant to this Section 11 were determined by pro rata or
per capita allocation or by any other method of allocation which does not take account of the equitable considerations referred to in the immediately preceding paragraph. In connection with any registration of the Company’s securities, in no
event and notwithstanding the other provisions of this Section 11 shall Indemnitee be required to contribute any amount hereunder in excess of the lesser of (i) that proportion of the total of such Expenses, judgments, penalties, fines or
amounts paid in settlement indemnified against equal to the proportion of the total securities sold under such registration statement that is being sold by Indemnitee or (ii) the proceeds received by Indemnitee from its sale of securities under
such registration statement. No person found guilty of fraudulent misrepresentation (within the meaning of Section 10(f) of the Securities Act of 1933, as amended) shall be entitled to contribution from any person who was not found guilty of
such fraudulent misrepresentation. 
 SECTION 12. Duration of Agreement; Successors. (a) This Agreement shall continue until and
terminate upon the later of: (i) ten years after the date that Indemnitee shall have ceased to serve as a director or officer of the Company; or (ii) the final termination of all pending Proceedings in respect of which Indemnitee is granted rights
of indemnification or advancement of Expenses hereunder and of any Proceedings relating thereto commenced by Indemnitee pursuant to Section 8 of this Agreement. This Agreement shall be binding upon the Company and its successors and assigns and
shall inure to the benefit of Indemnitee and Indemnitee’s heirs, executors and administrators. 
 (b) The indemnification and advance of
Expenses provided by, or granted pursuant to, this Agreement shall be binding upon and be enforceable by the parties hereto and their respective successors and assigns (including any direct or indirect successor by purchase, merger, consolidation or
otherwise to all or substantially all of the business or assets of the Company), shall continue as to an Indemnitee who has ceased to be a director, trustee, officer, employee or agent of the Company or of any other corporation, partnership, joint
venture, trust, employee benefit plan or other enterprise which such person is or was serving at the written request of the Company, and shall inure to the benefit of Indemnitee and his spouse, assigns, heirs, devisees, executors and administrators
and other legal representatives. 
 (c) The Company shall require and cause any successor (whether direct or indirect by purchase, merger,
consolidation or otherwise) to all, substantially all or a substantial part, of the 
  

 7 

 business and/or assets of the Company, by written agreement in form and substance satisfactory to Indemnitee, expressly
to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. 
 SECTION 13. Severability. If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason
whatsoever: (a) the validity, legality and enforceability of the remaining provisions of this Agreement (including without limitation, each portion of any Section of this Agreement containing any such provision held to be invalid, illegal or
unenforceable, that is not itself invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby; and (b) to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of any
Section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested by the provision held
invalid, illegal or unenforceable. 
 SECTION 14. Exception to Right of Indemnification or Advancement of Expenses. Except as
otherwise expressly provided in this Agreement, Indemnitee shall not be entitled to indemnification or advancement of Expenses under this Agreement with respect to any Proceeding, or any claim therein, brought or made by Indemnitee against the
Company or any of its directors. 
 SECTION 15. Counterparts. This Agreement may be executed in one or more counterparts, each of
which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same Agreement. Only one such counterpart signed by the party against whom enforceability is sought need be produced to evidence the
existence of this Agreement. 
 SECTION 16. Headings. The headings of the paragraphs of this Agreement are inserted for convenience
only and shall not be deemed to constitute part of this Agreement or to affect the construction thereof. 
 SECTION 17. Definitions.
For the purposes of this Agreement: 
 (a) “Change in Control” means (i) any sale, merger, consolidation or other form of
business combination involving the Company if, following consummation thereof, the holders of the Company’s stock immediately prior to such consummation hold in the aggregate less than 50% of the combined voting power of the acquiring or
surviving entity; (ii) any sale of a substantial portion of the assets of the Company or its subsidiaries; (iii) any other transaction that results in the effective sale or other disposition of the principal business and operations of the
Company by its current owners; or (iv) during any period of two consecutive years, individuals who at the beginning of such period constituted the Board of Directors of the Company (including for this purpose any new director whose election or
nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds of the directors then still in office who were directors at the beginning of such period) cease for any reason to constitute a majority of the
Board of Directors. 
 (b) “Corporate Status” describes the status of a person who is or at any time whether or not prior to the
date of this Agreement was a director, officer, employee or agent of the Company, including such person’s status as a member of any committee of the Company’s Board of Directors. 
 (c) “Disinterested Director” means a director of the Company who is not and was not a party to the Proceeding in respect of which
indemnification is sought by Indemnitee. 
 (d) “Expenses” shall include all reasonable out-of-pocket attorneys’ fees,
retainers, court costs, transcript costs, fees of expert witnesses, travel expenses, duplicating costs, printing and 
  

 8 

 binding costs, telephone charges, postage, delivery service fees, and all other disbursements or expenses of the types
customarily incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating, or being or preparing to be a witness in a Proceeding. 
 (e) “Independent Counsel” means a law firm that is experienced in matters of corporation law as applicable to Maryland and neither presently, nor in the past five years has been retained to represent:
(i) the Company, any subsidiary of the Company, any member of the Board of Directors or Indemnitee in any matter material to any such party, or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder.
Notwithstanding the foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or
Indemnitee in an action to determine Indemnitee’s rights under this Agreement. 
 (f) “Proceeding” includes any action, suit,
arbitration, alternate dispute-resolution mechanism, investigation, administrative hearing or any other proceeding (whether civil, criminal, administrative or investigative), directly or indirectly relating to or arising out of (i) any
transaction involving a Change in Control; (ii) any proposal for any such transaction; or (iii) any action or inaction of the Special Committee, but does not include a proceeding initiated by Indemnitee pursuant to Section 8 of this
Agreement. 
 SECTION 18. Agreement; Modification and Waiver. This Agreement supersedes in its entirety any existing or prior
agreement between the Company and Indemnitee pertaining to the subject matter of indemnification and insurance therefor. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both of the parties
hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver. 
 SECTION 19. Notice by Indemnitee. Indemnitee agrees promptly to notify the Company in writing upon being served with any summons, citation,
subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification or advancement of Expenses covered hereunder. 
 SECTION 20. Notices. All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been duly
given (i) when delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed, (ii) if mailed by certified or registered mail with postage prepaid, on the fifth business day after the date on
which it is mailed or (iii) when received in the form of facsimile: 
  

					
	(a)	 	If to Indemnitee, to the address set forth under the signature of Indemnitee below.
			
	(b)	 	If to the Company, to:	 	DCT Industrial Trust Inc.
		 		 	518 17th Street
		 		 	Suite 1700
		 		 	Denver, Colorado 80202
		 		 	Fax Number: (303) 228-2201
		 		 	Attention: Secretary

 or to such other address as may have been furnished by a party to the other. 
 SECTION 21. Governing Law. The parties agree that this Agreement shall be governed by, and construed and enforced in accordance with, the laws of
the State of Maryland without application of the conflict of laws principles thereof. 
  

 9 

 SECTION 22. Miscellaneous. Use of the masculine pronoun shall be deemed to include usage of the
feminine pronoun where appropriate. 
  

 10 

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

			
	 COMPANY:

	
	DCT INDUSTRIAL TRUST INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 INDEMNITEE:

	  
  

	Name:	 	
	Address:	 	
		
	Tel:	 	

  

 11

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