Document:

Non-statutory Stock Option Agreement

 Exhibit 10.4 
 CAMBRIDGE HEART, INC. 
 Nonstatutory Stock Option Agreement 
 Granted Under 2001 Stock Incentive Plan 
 1. Grant of
Option. 
 This agreement evidences the grant by Cambridge Heart, Inc., a Delaware corporation (the “Company”), on
March 28, 2007 (the “Grant Date”) to Robert Khederian (the “Participant”), of an option to purchase, in whole or in part, on the terms provided herein, 400,000 shares (the “Shares”) of common stock, $.001 par value
per share, of the Company (“Common Stock”) at $3.17 per Share (the “Option”) subject to shareholder approval of an increase in shares authorized for issuance under the 2001 Stock Incentive Plan at the Company’s 2007 Annual
Meeting of Shareholders. Unless earlier terminated, this Option shall expire on March 28, 2017 (the “Final Exercise Date”). 
 It is intended that the Option evidenced by this agreement shall be a “Nonstatutory Stock Option” as defined in the Plan. Except as otherwise indicated by the context, the term “Participant,” as used in this Option,
shall be deemed to include any person who acquires the right to exercise this Option validly under its terms. 
 2. Vesting Schedule. 
 This option will become exercisable as to 33.33% of the total number of Shares, as adjusted below, on the first anniversary of the Grant Date and as to
an additional 33.33% of the total number of Shares, as adjusted below, at the end of each successive one-year period following the first anniversary of the Grant Date until the third anniversary of the Grant Date; provided, however, in the event
that the Participant’s service as interim Chief Executive Officer of the Company terminates prior to December 15, 2007, this option shall immediately terminate and shall not become exercisable with respect to 33,333 Shares for each month
(measured from the 15th calendar day of a month until the 15th calendar day of following month) fewer than 12 months that the Participant serves as interim Chief Executive Officer of the Company after December 15, 2006. 
 The right of exercise shall be cumulative so that to the extent the option is not exercised in any period to the maximum extent permissible it shall
continue to be exercisable, in whole or in part, with respect to all shares for which it is exercisable until the earlier of the Final Exercise Date or the termination of this option or the Plan. 
 3. Exercise of Option. 
 (a) Form of Exercise.
Each election to exercise this option shall be in writing, signed by the Participant, and received by the Company at its principal office, accompanied by this agreement, and payment in full in the manner provided in the Plan. The Participant may

 
purchase less than the number of shares covered hereby, provided that no partial exercise of this option may be for any fractional share. 
 (b) Continuous Relationship with the Company Required. Except as otherwise provided in this Section 3, this option may not be exercised
unless the Participant, at the time he or she exercises this option, is, and has been at all times since the Grant Date, an employee, officer or director of, or consultant or advisor to, the Company or any parent or subsidiary of the Company as
defined in Section 424(e) or (f) of the Code (an “Eligible Participant”). 
 (c) Termination of Relationship with the
Company. If the Participant ceases to be an Eligible Participant for any reason, then, except as provided in paragraphs (d) and (e) below, the right to exercise this option shall terminate three months after such cessation (but in no
event after the Final Exercise Date), provided that this option shall be exercisable only to the extent that the Participant was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the
Participant, prior to the Final Exercise Date, violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Participant and the Company, the right
to exercise this option shall terminate immediately upon such violation. 
 (d) Exercise Period Upon Death or Disability. If the
Participant dies or becomes disabled (within the meaning of Section 22(e)(3) of the Code) prior to the Final Exercise Date while he or she is an Eligible Participant and the Company has not terminated such relationship for “cause” as
specified in paragraph (e) below, this option shall be exercisable, within the period of one year following the date of death or disability of the Participant, by the Participant (or in the case of death by an authorized transferee),
provided that this option shall be exercisable only to the extent that this option was exercisable by the Participant on the date of his or her death or disability, and further provided that this option shall not be exercisable after the
Final Exercise Date. 
 (e) Discharge for Cause. If the Participant, prior to the Final Exercise Date, is discharged by the Company
for “cause” (as defined below), the right to exercise this option shall terminate immediately upon the effective date of such discharge. “Cause” shall mean willful misconduct by the Participant or willful failure by the
Participant to perform his or her responsibilities to the Company (including, without limitation, breach by the Participant of any provision of any employment, consulting, advisory, nondisclosure, non-competition or other similar agreement between
the Participant and the Company), as determined by the Company, which determination shall be conclusive. The Participant shall be considered to have been discharged for “cause” if the Company determines, within 30 days after the
Participant’s resignation, that discharge for cause was warranted. 
 4. Withholding. 
 No Shares will be issued pursuant to the exercise of this option unless and until the Participant pays to the Company, or makes provision satisfactory to
the Company for payment of, any federal, state or local withholding taxes required by law to be withheld in respect of this option. 
  

 5. Nontransferability of Option. 
 This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during
the lifetime of the Participant, this option shall be exercisable only by the Participant. 
 IN WITNESS WHEREOF, the Company has caused this
Option to be executed under its corporate seal by its duly authorized officer. This Option shall take effect as a sealed instrument. 
  

			
		 	CAMBRIDGE HEART, INC.
		
	Dated:
        08/02/07                            	 	 By:     /s/ Vincenzo
LiCausi                    
         Name: Vincenzo LiCausi
         Title: Chief Financial
Officer

  

 PARTICIPANT’S ACCEPTANCE 
 The undersigned hereby accepts the foregoing Option and agrees to the terms and conditions thereof. The undersigned hereby acknowledges receipt of a copy
of the Company’s 2001 Stock Incentive Plan. 
 PARTICIPANT: 
  
             /s/ Robert P. Khederian             
 Name: Robert P. Khederian 
 Date:
08/02/07                                     
  
 Address:_______________________ 
                 _______________________ 
                 _______________________ 
  

 NOTICE OF STOCK OPTION EXERCISE 
 Date:                                 
 Cambridge Heart, Inc. 
 1 Oak Park Drive 
 Bedford, MA 01730 
 Attention: Treasurer 
 Dear Sir or Madam: 
 I am the holder of a Nonstatutory Stock Option granted to me on March 28, 2007 for
the purchase of 400,000 shares of Common Stock of the Company at a purchase price of $3.17 per share. 
 I hereby exercise my option to
purchase _________ shares of Common Stock (the “Shares”), for which I have enclosed __________ in the amount of ________. Please register my stock certificate as follows: 
 Name(s): _______________________ 
         _______________________ 
 Address: _______________________ 
         _______________________ 
         _______________________ 
         _______________________ 
 Tax I.D. #:         ______________________ 
  
 Very truly yours, 
  
 _________________________________

 (Signature)DCT Industrial Amended and Restated 2006 Long-Term Incentive Plan

 Exhibit 10.1 
 DCT INDUSTRIAL TRUST INC. 
 AMENDED AND RESTATED 
 2006 LONG-TERM INCENTIVE PLAN 
  
  

 TABLE OF CONTENTS 
  

							
	 	  	 	  	 	  	Page
			
	 1.
	  	DEFINITIONS	  	1
			
	 2.
	  	EFFECTIVE DATE AND TERMINATION OF PLAN	  	5
			
	 3.
	  	ADMINISTRATION OF PLAN	  	6
			
	 4.
	  	SHARES AND UNITS SUBJECT TO THE PLAN	  	7
			
	 5.
	  	PROVISIONS APPLICABLE TO STOCK OPTIONS	  	7
		  	5.1.	  	Grant of Option	  	7
		  	5.2.	  	Option Price	  	8
		  	5.3.	  	Period of Option and Vesting	  	8
		  	5.4.	  	Exercisability Upon and After Termination of Optionee	  	8
		  	5.5.	  	Exercise of Options	  	8
		  	5.6.	  	Payment	  	9
		  	5.7.	  	Stock Appreciation Rights	  	9
		  	5.8.	  	Exercise by Successors	  	10
		  	5.9.	  	Nontransferability of Option	  	10
		  	5.10.	  	Deferral	  	10
		  	5.11.	  	Certain Incentive Stock Option Provisions	  	10
			
	 6.
	  	PROVISIONS APPLICABLE TO RESTRICTED STOCK	  	11
		  	6.1.	  	Grant of Restricted Stock	  	11
		  	6.2.	  	Certificates	  	11
		  	6.3.	  	Restrictions and Conditions	  	12
			
	 7.
	  	PROVISIONS APPLICABLE TO PHANTOM SHARES	  	12
		  	7.1.	  	Grant of Phantom Shares	  	12
		  	7.2.	  	Term	  	12
		  	7.3.	  	Vesting	  	13
		  	7.4.	  	Settlement of Phantom Shares	  	13
		  	7.5.	  	Other Phantom Share Provisions	  	14
		  	7.6.	  	Claims Procedures	  	15
			
	 8.
	  	PROVISIONS APPLICABLE TO DIVIDEND EQUIVALENT RIGHTS	  	16
		  	8.1.	  	Grant of Dividend Equivalent Rights	  	16
		  	8.2.	  	Certain Terms	  	16
		  	8.3.	  	Other Types of Dividend Equivalent Rights	  	17
		  	8.4.	  	Deferral	  	17

  

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	 9.
	  	OTHER STOCK-BASED AWARDS	  	17
			
	 10.
	  	PERFORMANCE GOALS	  	17
			
	 11.
	  	TAX WITHHOLDING	  	18
		  	11.1.	  	In General	  	18
		  	11.2.	  	Share Withholding	  	18
		  	11.3.	  	Withholding Required	  	19
			
	 12.
	  	REGULATIONS AND APPROVALS	  	19
			
	 13.
	  	INTERPRETATION AND AMENDMENTS; OTHER RULES	  	20
			
	 14.
	  	CHANGES IN CAPITAL STRUCTURE	  	20
			
	 15.
	  	MISCELLANEOUS	  	22
		  	15.1.	  	No Rights to Employment or Other Service	  	22
		  	15.2.	  	Right of First Refusal; Right of Repurchase	  	22
		  	15.3.	  	No Fiduciary Relationship	  	22
		  	15.4.	  	No Fund Created	  	22
		  	15.5.	  	Notices	  	23
		  	15.6.	  	Exculpation and Indemnification	  	23
		  	15.7.	  	Captions	  	23
		  	15.8.	  	Governing Law	  	23

  

 ii 

 DCT INDUSTRIAL TRUST INC. 
 AMENDED AND RESTATED 
 2006 LONG-TERM INCENTIVE PLAN 
 DCT Industrial Trust Inc. (f/k/a Dividend Capital Trust Inc.), a Maryland corporation, wishes to attract key employees, Directors, consultants and
advisors to the Company and Subsidiaries and induce key employees, Directors, consultants and advisors to remain with the Company and Subsidiaries, and encourage them to increase their efforts to make the Company’s business more successful
whether directly or through Subsidiaries. In furtherance thereof, the DCT Industrial Trust Inc. Amended and Restated 2006 Long-Term Incentive Plan is designed to provide equity-based incentives to key employees, Directors, consultants and advisors
of the Company and Subsidiaries. Awards under the Plan may be made to selected key employees, Directors, consultants and advisors of the Company and Subsidiaries in the form of Options (including Stock Appreciation Rights), Restricted Stock, Phantom
Shares, Dividend Equivalent Rights or other forms of equity-based compensation. 
  

	1.	DEFINITIONS. 

 Whenever used herein, the following
terms shall have the meanings set forth below: 
 “Award,” except where referring to a particular category of grant under the Plan,
shall include Incentive Stock Options, Non-Qualified Stock Options, Restricted Stock, Phantom Shares, Dividend Equivalent Rights and other equity-based Awards as contemplated herein. 
 “Award Agreement” means a written agreement in a form approved by the Committee to be entered into between the Company and the Participant as
provided in Section 3. An Award Agreement may be, without limitation, an employment or other similar agreement containing provisions governing grants hereunder, if approved by the Committee for use under the Plan. 
 “Board” means the Board of Directors of the Company. 
 “Cause” means, unless otherwise provided in the Participant’s Award Agreement: (i) engaging in (A) willful or gross misconduct or (B) willful or gross neglect; (ii) repeatedly
failing to adhere to the directions of superiors or the Board or the written policies and practices of the Company or Subsidiaries or its affiliates; (iii) the commission of a felony or a crime of moral turpitude, dishonesty, breach of trust or
unethical business conduct, or any crime involving the Company or Subsidiaries or any affiliate thereof; (iv) fraud, misappropriation or embezzlement; (v) a material breach of the Participant’s employment agreement (if any) with the
Company or Subsidiaries or its affiliates; (vi) acts or omissions constituting a material failure to perform substantially and adequately the duties assigned to the Participant; (vii) any illegal act detrimental to the Company or
Subsidiaries or its affiliates; or (viii) repeated failure to devote substantially all of Participant’s business time and efforts to the Company if required by Participant’s employment agreement; provided, however, that, if at any
particular time the Participant is subject to an effective employment agreement with the Company, then, in lieu of 

 
the foregoing definition, “Cause” shall at that time have such meaning as may be specified in such employment agreement. 
 “Change in Control” means the happening of any of the following: 
 (i) any “person,” including a “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act, but
excluding the Company, any entity controlling, controlled by or under common control with the Company, any trustee, fiduciary or other person or entity holding securities under any employee benefit plan or trust of the Company or any such entity,
and, with respect to any particular Participant, the Participant and any “group” (as such term is used in Section 13(d)(3) of the Exchange Act) of which the Participant is a member), is or becomes the “beneficial owner” (as
defined in Rule 13(d)(3) under the Exchange Act), directly or indirectly, of securities of the Company representing 30% or more of either (A) the combined voting power of the Company’s then outstanding securities or (B) the then
outstanding Shares (in either such case other than as a result of an acquisition of securities directly from the Company); or 
 (ii) any consolidation or merger of the Company where the shareholders of the Company, immediately prior to the consolidation or merger, would not, immediately after the consolidation or merger, beneficially own (as such term is defined in
Rule 13d-3 under the Exchange Act), directly or indirectly, shares representing in the aggregate 50% or more of the combined voting power of the securities of the corporation issuing cash or securities in the consolidation or merger (or of its
ultimate parent corporation, if any); or 
 (iii) there shall occur (A) any sale, lease, exchange or other transfer (in
one transaction or a series of transactions contemplated or arranged by any party as a single plan) of all or substantially all of the assets of the Company, other than a sale or disposition by the Company of all or substantially all of the
Company’s assets to an entity, at least 50% of the combined voting power of the voting securities of which are owned by “persons” (as defined above) in substantially the same proportion as their ownership of the Company immediately
prior to such sale or (B) the approval by shareholders of the Company of any plan or proposal for the liquidation or dissolution of the Company; or 
 (iv) the members of the Board at the beginning of any consecutive 24-calendar-month period (the “Incumbent Directors”) cease for any reason other than due to death to constitute at least a majority of the
members of the Board; provided that any Director whose election, or nomination for election by the Company’s shareholders, was approved or ratified by a vote of at least a majority of the members of the Board then still in office who were
members of the Board at the beginning of such 24-calendar-month period, shall be deemed to be an Incumbent Director. 
 Notwithstanding the foregoing, no
event or condition shall constitute a Change in Control to the extent that, if it were, a 20% tax would be imposed under Section 409A of the Code; provided that, in such a case, the event or condition shall continue to constitute a Change in
Control to the maximum extent possible (e.g., if applicable, in respect of vesting without an acceleration of distribution) without causing the imposition of such 20% tax. 
  

 2 

 “Code” means the Internal Revenue Code of 1986, as amended. 
 “Committee” means the compensation committee of the Board. 
 “Common Stock” means the Company’s Common Stock, par value $.01 per share, either currently existing or authorized hereafter. 
 “Company” means DCT Industrial Trust Inc. (f/k/a Dividend Capital Trust Inc.), a Maryland corporation. 
 “Contribution Agreement” means the Contribution Agreement among DCT Industrial Trust Inc., DCT Industrial Operating Partnership LP, and
Dividend Capital Advisors Group LLC, dated as of July 21, 2006. 
 “Director” means a non-employee director of the Company or
Subsidiaries. 
 “Disability” means, unless otherwise provided by the Committee in the Participant’s Award Agreement, the
occurrence of an event which would entitle an employee of the Company to the payment of disability income under one of the Company’s approved long-term disability income plans or a long term disability as determined by the Committee in its
absolute discretion pursuant to any other standard as may be adopted by the Committee. Notwithstanding the foregoing, no circumstances or condition shall constitute a Disability to the extent that, if it were, a 20% tax would be imposed under
Section 409A of the Code; provided that, in such a case, the event or condition shall continue to constitute a Disability to the maximum extent possible (e.g., if applicable, in respect of vesting without an acceleration of distribution)
without causing the imposition of such 20% tax. 
 “Dividend Equivalent Right” means a right awarded under Section 8 to
receive (or have credited) the equivalent value of dividends paid on Common Stock. 
 “Eligible Person” means (i) an officer,
Director, employee, consultant or advisor of the Company or Subsidiaries or other person expected to provide significant services (of a type expressly approved by the Committee as covered services for these purposes) to the Company or Subsidiaries
or (ii) a joint venture affiliate of the Company or Subsidiaries 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. In connection with any merger, acquisition or other business combination to which the Company or any Subsidiary is a party, the Committee is authorized
to designate other persons who may be deemed Eligible Persons for purposes of the Plan (other than with respect to the award of Incentive Stock Options) where such persons are key employees of another party to the business combination (or key
employees of any affiliate of such party) but do not become employees of the Company or any Subsidiary following the business combination; provided that the Committee determines that granting substitute Awards under the Plan, in place of outstanding
awards held by the recipient under one or more plans of the predecessor employer, constitutes appropriate severance compensation. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
  

 3 

 “Fair Market Value” per Share as of a particular date means (i) if Shares are then listed
on a national securities exchange or quoted or reported on the NASDAQ National Market (“NASDAQ”), the closing sales price per Share on the exchange or NASDAQ on such date or, if there were no sales of Shares on such exchange or NASDAQ on
such date, on the last preceding date on which there was a sale of Shares on such exchange or NASDAQ, as determined by the Committee, (ii) if Shares are not then listed on a national securities exchange or quoted on NASDAQ but are then traded
on an over-the-counter market, the average of the closing bid and asked prices for the Shares in such over-the-counter market on such date or, if there were no sale of Shares on such market on such date, on the last preceding date on which there was
a sale of such Shares in such market, as determined by the Committee, or (iii) if Shares are not then listed on a national securities exchange, quoted on NASDAQ or traded on an over-the-counter market, such value as the Committee in its
discretion may in good faith determine; provided that, where the Shares are so listed or traded, the Committee may make such discretionary determinations where the Shares have not been traded for 10 consecutive trading days. 
 “Grantee” means an Eligible Person granted Restricted Stock, Phantom Shares, Dividend Equivalent Rights or such other equity-based Awards
(other than an Option) as may be granted pursuant to Section 9. 
 “Incentive Stock Option” means an “incentive stock
option” within the meaning of Section 422(b) of the Code. 
 “Non-Qualified Stock Option” means an Option which is not an
Incentive Stock Option. 
 “Option” means the right to purchase, at a price and for the term fixed by the Committee in accordance
with the Plan, and subject to such other limitations and restrictions in the Plan and the applicable Award Agreement, a number of Shares determined by the Committee. 
 “Optionee” means an Eligible Person to whom an Option is granted, or the Successors of the Optionee, as the context so requires. 
 “Option Price” means the price per share of Common Stock, determined by the Board or the Committee, at which an Option may be exercised. 
 “Participant” means a Grantee or Optionee. 
 “Performance Goals” has the meaning set forth in Section 10. 
 “Phantom Share”
means a right, pursuant to the Plan, of the Grantee to payment of the Phantom Share Value. 
 “Phantom Share Value,” per Phantom
Share, means the Fair Market Value of a Share or, if so provided by the Committee, such Fair Market Value to the extent in excess of a base value established by the Committee at the time of grant. 
 “Plan” means the Company’s Amended and Restated 2006 Long-Term Incentive Plan, as set forth herein and as the same may from time to time
be amended. 
  

 4 

 “Restricted Stock” means an award of Shares that are subject to restrictions hereunder.

 “Retirement” means, unless otherwise provided by the Committee in the Participant’s Award Agreement, the Termination of
Service (other than for Cause) of a Participant on or after the Participant’s attainment of age 65 or on or after the Participant’s attainment of age 55 with five consecutive years of service with the Company or Subsidiaries or its
affiliates. 
 “Securities Act” means the Securities Act of 1933, as amended. 
 “Settlement Date” means the date determined under Section 7.4(c). 
 “Shares” means shares of Common Stock of the Company. 
 “Share Value” means the value of a Share based on the average closing price of a Share, as the Board determines, during a consecutive three-month period commencing on the first day of each January, April,
July and October, or such other value as the Board may provide for in advance. 
 “Stock Appreciation Right” means a right
described in Section 5.7. 
 “Subsidiary” means 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 such a subsidiary of another company (directly or indirectly), the provisions hereof applicable to subsidiaries shall,
unless otherwise determined by the Committee, also be applicable to such parent company. 
 “Successor of the Optionee” means the
legal representative of the estate of a deceased Optionee or the person or persons who shall acquire the right to exercise an Option by bequest or inheritance or by reason of the death of the Optionee. 
 “Termination of Service” means a Participant’s termination of employment or other service, as applicable, with the Company and
Subsidiaries. Unless otherwise provided in the Award Agreement, cessation of service as an officer, employee, Director or consultant, or other covered positions shall not be treated as a Termination of Service if the Participant continues without
interruption to serve thereafter in another one (or more) of such other capacities, and Termination of Service shall be deemed to have occurred when service in the final covered capacity ceases. 
  

	2.	EFFECTIVE DATE AND TERMINATION OF PLAN. 

 The
effective date of the Plan is the date of closing of the transaction contemplated by the Contribution Agreement. The Plan shall not become effective unless and until it is approved by the requisite percentage of the holders of the Common Stock of
the Company. The Plan shall terminate on, and no Award shall be granted hereunder on or after, the 10-year anniversary of the earlier of the approval of the Plan by (i) the Board or (ii) the shareholders of the Company; provided, however,
that the Board may at any time prior to that date terminate the Plan. 
  

 5 

	3.	ADMINISTRATION OF PLAN. 

 (a) The Plan shall be
administered by the Committee. The Committee, upon and after such time as it is subject to Section 16 of the Exchange Act, shall consist of at least two individuals each of whom shall be a “nonemployee director” as defined in Rule
16b-3 as promulgated by the Securities and Exchange Commission (“Rule 16b-3”) under the Exchange Act and shall, at such times as the Company is subject to Section 162(m) of the Code (to the extent relief from the limitation of
Section 162(m) of the Code is sought with respect to Awards), qualify as “outside directors” for purposes of Section 162(m) of the Code; 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 foregoing requirements of this sentence. The acts of a majority of the members present at any meeting of the Committee at which a quorum is present, or acts
approved in writing by a majority of the entire Committee, shall be the acts of the Committee for purposes of the Plan. Notwithstanding the other foregoing provisions of this Section 3(a), any Award under the Plan to a person who is a Director
shall be made and administered by the Board, or if so delegated by the Board, the Committee. If no Committee is designated by the Board to act for these purposes, the Board shall have the rights and responsibilities of the Committee hereunder and
under the Award Agreements. 
 (b) Subject to the provisions of the Plan, the Committee shall in its discretion as reflected by the terms of
the Award Agreements (i) authorize the granting of Awards to Eligible Persons; and (ii) determine the eligibility of Eligible Persons to receive an Award, as well as determine the number of Shares to be covered under any Award Agreement,
considering the position and responsibilities of the Eligible Person, the nature and value to the Company of the Eligible Person’s present and potential contribution to the success of the Company whether directly or through Subsidiaries and
such other factors as the Committee may deem relevant. 
 (c) The Award Agreement shall contain such other terms, provisions and conditions
not inconsistent herewith as shall be determined by the Committee. An amendment to an Award Agreement or other action by the Committee that constitutes a repricing of an Option (or a Phantom Share described in Section 7.4(c)(ii)) shall be
considered an amendment of the Plan for purposes of Section 13 (and, for the avoidance of doubt, any repricings will therefore require shareholder approval). In the event that any Award Agreement or other agreement hereunder provides (without
regard to this sentence) for the obligation of the Company or any affiliate thereof to purchase or repurchase Shares from a Participant or any other person, then, notwithstanding the provisions of the Award Agreement or such other agreement, such
obligation shall not apply to the extent that the purchase or repurchase would not be permitted under Maryland law. The Participant shall take whatever additional actions and execute whatever additional documents the Committee may in its reasonable
judgment deem necessary or advisable in order to carry out or effect one or more of the obligations or restrictions imposed on the Participant pursuant to the express provisions of the Plan and the Award Agreement. 
 (d) The Committee, in its discretion (taking into account, without limitation, considerations under Section 16 of the Exchange Act), 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, including, without limitation, the granting of awards to non-executive officers, where relief from
the limitation of Section 162(m) of the Code is not sought. Any such 

  

 6 

 
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. 
  

	4.	SHARES AND UNITS SUBJECT TO THE PLAN. 

 (a) Subject
to adjustments as provided in Section 14, the total number of Shares subject to Awards granted under the Plan, in the aggregate, may not exceed 8,000,000. Subject to adjustments pursuant to Section 14, in no event may any Optionee receive
Options for more than 2,000,000 Shares on an annual basis. Shares distributed under the Plan may be treasury Shares or authorized but unissued Shares. Any Shares that have been granted as Restricted Stock or that have been reserved for distribution
in payment for Options, Phantom Shares or other equity-based Awards but are later forfeited or for any other reason are not payable under the Plan may again be made the subject of Awards under the Plan. 
 (b) Shares subject to Dividend Equivalent Rights, other than Dividend Equivalent Rights based directly on the dividends payable with respect to Shares
subject to Options or the dividends payable on a number of Shares corresponding to the number of Phantom Shares awarded, shall be subject to the limitation of Section 4(a). Notwithstanding Section 4(a), except in the case of Awards
intended to qualify for relief from the limitations of Section 162(m) of the Code, there shall be no limit on the number of Phantom Shares or Dividend Equivalent Rights to the extent they are paid out in cash that may be granted under the Plan.
If any Phantom Shares, Dividend Equivalent Rights or other equity-based Awards under Section 9 are paid out in cash, then, notwithstanding the first sentence of Section 4(a) above (but subject to the second sentence thereof) the underlying
Shares may again be made the subject of Awards under the Plan. 
 (c) The certificates, if any, and other documentation or records for Shares
issued hereunder may include any legend which the Committee deems appropriate to reflect any rights of first refusal or other restrictions on transfer hereunder or under the Award Agreement, or as the Committee may otherwise deem appropriate.

  

	5.	PROVISIONS APPLICABLE TO STOCK OPTIONS. 

 5.1.
Grant of Option. Subject to the other terms of the Plan, the Committee shall, in its discretion as reflected by the terms of the applicable Award Agreement: (i) determine and designate from time to time those Eligible Persons to whom
Options are to be granted and the number of Shares to be optioned to each Eligible Person; (ii) determine whether to grant Options intended to be Incentive Stock Options, or to grant Non-Qualified Stock Options, or both (to the extent that any
Option does not qualify as an Incentive Stock Option, it shall constitute a separate Non-Qualified Stock Option); provided that Incentive Stock Options may only be granted to employees; (iii) determine the time or times when and the manner and
condition in which each Option shall be exercisable and the duration of the exercise period; (iv) designate each Option as one intended to be an Incentive Stock Option or as a Non-Qualified Stock Option; and (v)
  

 7 

 
determine or impose other conditions to the grant or exercise of Options under the Plan as it may deem appropriate. 
 5.2. Option Price. The Option Price shall be determined by the Committee on the date the Option is granted and reflected in the Award Agreement,
as the same may be amended from time to time. Any particular Award Agreement may provide for different Option Prices for specified amounts of Shares subject to the Option; provided that the Option Price shall not be less than 100% of the Fair Market
Value of a Share on the day the Option is granted. 
 5.3. Period of Option and Vesting. 
 (a) Unless earlier expired, forfeited or otherwise terminated, each Option shall expire in its entirety upon the 10th anniversary of the date of grant or
shall have such other term as is set forth in the applicable Award Agreement. The Option shall also expire, be forfeited and terminate at such times and in such circumstances as otherwise provided hereunder or under the Award Agreement. 

(b) Each Option, to the extent that the Optionee has not had a Termination of Service and the Option has not otherwise lapsed, expired, terminated or
been forfeited, shall first become exercisable according to the terms and conditions set forth in the Award Agreement, as determined by the Committee at the time of grant. Unless otherwise provided in the Award Agreement or herein, no Option (or
portion thereof) shall ever be exercisable if the Optionee has a Termination of Service before the time at which such Option (or portion thereof) would otherwise have become exercisable, and any Option that would otherwise become exercisable after
such Termination of Service shall not become exercisable and shall be forfeited upon such termination. Notwithstanding the foregoing provisions of this Section 5.3(b), Options exercisable pursuant to the schedule set forth by the Committee at
the time of grant may be fully or more rapidly exercisable or otherwise vested at any time in the discretion of the Committee. Upon and after the death of an Optionee, such Optionee’s Options, if and to the extent otherwise exercisable
hereunder or under the applicable Award Agreement after the Optionee’s death, may be exercised by the Successors of the Optionee. 
 5.4. Exercisability Upon and After Termination of Optionee. 
 (a) The Committee shall provide in the Award Agreement the
extent (if any) to which any Option may be exercised upon the Termination of Service of the Optionee. 
 (b) Except as may otherwise be
expressly set forth in this Section 5, and except as may otherwise be expressly provided under the Award Agreement, no provision of this Section 5 or of Section 14 is intended to or shall permit the exercise of the Option to the
extent the Option was not exercisable upon Termination of Service. 
 5.5. Exercise of Options. 
 (a) Subject to vesting, restrictions on exercisability and other restrictions provided for hereunder or otherwise imposed in accordance herewith, an
Option may be exercised, and payment in full of the aggregate Option Price made, by an Optionee by written notice (in the form prescribed by the Committee) to the Company, or pursuant to such alternative 

  

 8 

 
means and procedures as may be approved in advance by the Committee, specifying the number of Shares to be purchased. 
 (b) Without limiting the scope of the Committee’s discretion hereunder, the Committee may impose such other restrictions on the exercise of Options
(whether or not in the nature of the foregoing restrictions) as it may deem necessary or appropriate. 
 5.6. Payment. 
 (a) The aggregate Option Price shall be paid in full upon the exercise of the Option. Payment must be made by one of the following methods: 

(i) a certified or bank cashier’s check, or in the discretion of the Committee, a personal check; 
 (ii) subject to Section 12(e), the proceeds of a Company loan program or third-party sale program or a notice acceptable to the
Committee given as consideration under such a program, in each case if permitted by the Committee in its discretion, if such a program has been established and the Optionee is eligible to participate therein; 
 (iii) if approved (or pre-approved) by the Committee in its discretion, Shares of previously owned Common Stock, having an aggregate Fair
Market Value on the date of exercise equal to the aggregate Option Price; 
 (iv) if approved (or pre-approved) by the
Committee in its discretion, through the written election of the Optionee to have Shares withheld by the Company from the Shares otherwise to be received, with such withheld Shares having an aggregate Fair Market Value on the date of exercise equal
to the aggregate Option Price; or 
 (v) by any combination of such methods of payment or any other method acceptable to the
Committee in its discretion. 
 (b) Except in the case of Options exercised by certified or bank cashier’s check, the Committee may
impose limitations and prohibitions on the exercise of Options as it deems appropriate, including, without limitation, any limitation or prohibition designed to avoid accounting consequences which may result from the use of Common Stock as payment
upon exercise of an Option. 
 (c) Any fractional Shares resulting from an Optionee’s exercise that is accepted by the Company shall be
paid in cash. 
 5.7. Stock Appreciation Rights. The Committee, in its discretion, may also grant a Stock Appreciation Right by
permitting the Optionee to elect to receive, upon the exercise of an Option, Shares with an aggregate Fair Market Value equal to the excess of the Fair Market Value of the Shares with respect to which the Option is being exercised over the aggregate
Option Price, as determined as of the day the Option is exercised; provided that, after consideration of possible accounting issues, the Committee may permit a Stock Appreciation Right to be settled 
  

 9 

 
in a combination of Shares and cash, or exclusively in cash, with an aggregate Fair Market Value (or, to the extent of payment in cash, in an amount) equal
to such excess. Without limiting the Committee’s discretion hereunder, the Committee is expressly authorized to cause the grant of a Stock Appreciation Right (i) in tandem with an otherwise exercisable underlying Option, by having the
method of exercise under this Section 5.7 apply in addition to other methods of exercise as to all or a portion of any particular Award under this Section 5, or (ii) as a free-standing right, by having the method of exercise under
this Section 5.7 be the exclusive method of exercise. 
 5.8. Exercise by Successors. An Option may be exercised, and payment in
full of the aggregate Option Price made, by the Successors of the Optionee only by written notice (in the form prescribed by the Committee) to the Company specifying the number of Shares to be purchased. Such notice shall state that the aggregate
Option Price will be paid in full, or that the Option will be exercised as otherwise provided hereunder, in the discretion of the Company or the Committee, if and as applicable. 
 5.9. Nontransferability of Option. Each Option granted under the Plan shall be nontransferable by the Optionee except by will or the laws of
descent and distribution of the state wherein the Optionee is domiciled at the time of his death; provided, however, that the Committee may (but need not) permit other transfers, where the Committee concludes that such transferability (i) does
not result in accelerated U.S. federal income taxation, (ii) does not cause any Option intended to be an Incentive Stock Option to fail to be described in Section 422(b) of the Code, and (iii) is otherwise appropriate and desirable.

 5.10. Deferral. The Committee (taking into account, without limitation, the possible application of Section 409A of the Code,
as the Committee may deem appropriate) may establish a program under which Participants will have Phantom Shares subject to Section 7 credited upon their exercise of Options, rather than receiving Shares at that time. 
 5.11. Certain Incentive Stock Option Provisions. 
 (a) In no event may an Incentive Stock Option be granted other than to employees of a “subsidiary corporation” or a “parent corporation,” as defined in Section 424(f) of the Code, with respect
to the Company. The aggregate Fair Market Value, determined as of the date an Option is granted, of the Common Stock for which any Optionee may be awarded Incentive Stock Options which are first exercisable by the Optionee during any calendar year
under the Plan (or any other stock option plan required to be taken into account under Section 422(d) of the Code) shall not exceed $100,000. 
 (b) If Shares acquired upon exercise of an Incentive Stock Option are disposed of in a disqualifying disposition within the meaning of Section 422 of the Code by an Optionee prior to the expiration of either two years from the date of
grant of such Option or one year from the transfer of Shares to the Optionee pursuant to the exercise of such Option, or in any other disqualifying disposition within the meaning of Section 422 of the Code, such Optionee shall notify the
Company in writing as soon as practicable thereafter of the date and terms of such disposition and, if the Company (or any affiliate thereof) thereupon has a tax-withholding obligation, shall pay to the Company (or such affiliate) an amount equal to
any 

  

 10 

 
withholding tax the Company (or affiliate) is required to pay as a result of the disqualifying disposition. 
 (c) The Option Price with respect to each Incentive Stock Option shall not be less than 100%, or 110% in the case of an individual described in
Section 422(b)(6) of the Code (relating to certain 10% owners), of the Fair Market Value of a Share on the day the Option is granted. Also, in the case of such an individual who is granted an Incentive Stock Option, the term of such Option
shall be no more than five years from the date of grant. 
  

	6.	PROVISIONS APPLICABLE TO RESTRICTED STOCK. 

 6.1.
Grant of Restricted Stock. 
 (a) In connection with the grant of Restricted Stock, whether or not Performance Goals (as provided for
under Section 10) apply thereto, the Committee shall establish one or more vesting periods with respect to the shares of Restricted Stock granted, the length of which shall be determined in the discretion of the Committee. Subject to the
provisions of this Section 6, the applicable Agreement and the other provisions of the Plan, restrictions on Restricted Stock shall lapse if the Grantee satisfies all applicable employment or other service requirements through the end of the
applicable vesting period. 
 (b) Subject to the other terms of the Plan, the Committee may, in its discretion as reflected by the terms of
the applicable Award Agreement: (i) authorize the granting of Restricted Stock to Eligible Persons; (ii) provide a specified purchase price for the Restricted Stock (whether or not the payment of a purchase price is required by any state
law applicable to the Company); (iii) determine the restrictions applicable to Restricted Stock and (iv) determine or impose other conditions, including any applicable Performance Goals, to the grant of Restricted Stock under the Plan as
it may deem appropriate. 
 6.2. Certificates. 
 (a) Unless otherwise provided by the Committee, each Grantee of Restricted Stock shall be issued Shares of Restricted Stock awarded under the Plan. Such Shares of Restricted Stock shall be registered in the name of
the Grantee. Without limiting the generality of Section 4(c), the certificates, if any, and other documentation and records for Shares of Restricted Stock issued hereunder may include any legend which the Committee deems appropriate to reflect
any restrictions on transfer hereunder or under the Award Agreement, or as the Committee may otherwise deem appropriate, and, without limiting the generality of the foregoing, shall bear a legend referring to the terms, conditions, and restrictions
applicable to such Award, substantially in the following form: 
 THE TRANSFERABILITY
OF THESE SHARES OF STOCK IS SUBJECT TO THE TERMS AND CONDITIONS (INCLUDING FORFEITURE) OF THE DCT INDUSTRIAL TRUST INC. AMENDED AND RESTATED 2006 LONG-TERM INCENTIVE PLAN AND AN AWARD AGREEMENT ENTERED INTO BETWEEN THE REGISTERED OWNER AND DCT
INDUSTRIAL TRUST INC. COPIES OF SUCH PLAN AND AWARD AGREEMENT ARE ON FILE IN THE OFFICES OF DCT INDUSTRIAL TRUST INC. AT 518 17th STREET, SUITE 1700,
DENVER, COLORADO 80202. 
  

 11 

 (b) The Committee shall require that any stock certificates or other documentation evidencing such Shares
be held in custody by the Company or its designee until the restrictions hereunder shall have lapsed. If and when such restrictions so lapse, any such stock certificates shall be delivered by the Company to the Grantee or his or her designee as
provided in Section 6.3. 
 6.3. Restrictions and Conditions. Unless otherwise provided by the Committee, the Shares of
Restricted Stock awarded pursuant to the Plan shall be subject to the following restrictions and conditions: 
 (i) Subject
to the provisions of the Plan and the Award Agreements, during a period commencing with the date of such Award and ending on the date the period of forfeiture with respect to such Shares lapses, the Grantee shall not be permitted voluntarily or
involuntarily to sell, transfer, pledge, anticipate, alienate, encumber or assign Shares of Restricted Stock awarded under the Plan (or have such Shares attached or garnished). Subject to the provisions of the Award Agreements and clause
(iii) below, the period of forfeiture with respect to Shares granted hereunder shall lapse as provided in the applicable Award Agreement. Notwithstanding the foregoing, unless otherwise expressly provided by the Committee, the period of
forfeiture with respect to such Shares shall only lapse as to whole Shares. 
 (ii) Except as provided in the foregoing
clause (i), below in this clause (ii) or in Section 14, or as otherwise provided in the applicable Award Agreement, the Grantee shall have, in respect of the Shares of Restricted Stock, all of the rights of a shareholder of the Company,
including the right to vote the Shares and the right to receive any cash dividends. Certificates, if any, for Shares (not subject to restrictions) shall be delivered to the Grantee or his or her designee promptly after, and only after, the period of
forfeiture shall lapse without forfeiture in respect of such Shares of Restricted Stock. 
 (iii) Except as otherwise
provided in the applicable Award Agreement, if the Grantee has a Termination of Service by the Company and Subsidiaries for Cause during the applicable period of forfeiture, then all Shares still subject to restriction shall thereupon, and with no
further action, be forfeited by the Grantee. 
  

	7.	PROVISIONS APPLICABLE TO PHANTOM SHARES. 

 7.1.
Grant of Phantom Shares. Subject to the other terms of the Plan, the Committee shall, in its discretion as reflected by the terms of the applicable Award Agreement: (i) authorize the granting of Phantom Shares to Eligible Persons and
(ii) determine or impose other conditions to the grant of Phantom Shares under the Plan as it may deem appropriate. 
 7.2. Term.
The Committee may provide in an Award Agreement that any particular Phantom Share shall expire at the end of a specified term. 
  

 12 

 7.3. Vesting. 
 (a) Subject to Section 7.3(b), Phantom Shares shall vest as provided in the applicable Award Agreement. 
 (b) Unless otherwise determined by the Committee at the time of grant, the Phantom Shares granted pursuant to the Plan shall be subject to the following vesting conditions: 
 (i) Subject to the provisions of the Award Agreement, if the Grantee has a Termination of Service by the Company and Subsidiaries for
Cause, all of the Grantee’s Phantom Shares (whether or not such Phantom Shares are otherwise vested) shall thereupon, and with no further action, be forfeited and cease to be outstanding, and no payments shall be made with respect to such
forfeited Phantom Shares. 
 (ii) In the event that a Grantee has a Termination of Service, any and all of the Grantee’s
Phantom Shares which have not vested prior to or as of such termination shall thereupon, and with no further action, be forfeited and cease to be outstanding and the Participant’s vested Phantom Shares shall be settled as set forth in
Section 7.4. 
 7.4. Settlement of Phantom Shares. 
 (a) Each vested and outstanding Phantom Share shall be settled by the transfer to the Grantee of one Share; provided that the Committee at the time of grant (or, in the appropriate case, as determined by the
Committee, thereafter) may provide that, after consideration of possible accounting issues, a Phantom Share may be settled (i) in cash at the applicable Phantom Share Value, (ii) in cash or by transfer of Shares as elected by the Grantee
in accordance with procedures established by the Committee or (iii) in cash or by transfer of Shares as elected by the Company. 
 (b)
Payment (whether of cash or Shares) in respect of Phantom Shares shall be made in a single sum by the Company; provided that, with respect to Phantom Shares of a Grantee which have a common Settlement Date, the Committee may permit the Grantee to
elect in accordance with procedures established by the Committee (taking into account, without limitation, Section 409A of the Code, as the Committee may deem appropriate) to receive installment payments over a period not to exceed 10 years,
rather than a single-sum payment. 
 (c) Regarding the time at which payment in respect of Phantom Shares will be made or commence:

 (i) Unless otherwise provided in the applicable Award Agreement, the “Settlement Date” with respect to a Phantom
Share is the first day of the month to follow the date on which the Phantom Share vests; provided that a Grantee may elect, in accordance with procedures to be established by the Committee, that such Settlement Date will be deferred as elected by
the Grantee to the first day of the month to follow the Grantee’s Termination of Service, or such other time as may be permitted by the Committee. Unless otherwise determined by the Committee, elections under this Section 7.4(c)(i) must,
except as may otherwise be permitted under the rules applicable under 

  

 13 

 
Section 409A of the Code, (A) be effective at least one year after they are made, or, in the case of payments to commence at a specific time, be
made at least one year before the first scheduled payment and (B) defer the commencement of distributions (and each affected distribution) for at least five years. 
 (ii) Notwithstanding Section 7.4(c)(i), the Committee may provide that distributions of Phantom Shares can be elected at any time in
those cases in which the Phantom Share Value is determined by reference to Fair Market Value to the extent in excess of a base value, rather than by reference to unreduced Fair Market Value. 
 (iii) Notwithstanding the foregoing, the Settlement Date, if not earlier pursuant to this Section 7.4(c), is the date of the
Grantee’s death. 
 (d) Notwithstanding the other provisions of this Section 7, in the event of a Change in Control, the Settlement
Date shall be the date of such Change in Control and all amounts due with respect to Phantom Shares to a Grantee hereunder shall be paid as soon as practicable (but in no event more than 30 days) after such Change in Control, unless such Grantee
elects otherwise in accordance with procedures established by the Committee. 
 (e) Notwithstanding any other provision of the Plan, a
Grantee may receive any amounts to be paid in installments as provided in Section 7.4(b) or deferred by the Grantee as provided in Section 7.4(c) in the event of an “Unforeseeable Emergency.” For these purposes, an
“Unforeseeable Emergency,” as determined by the Committee in its sole discretion, is a severe financial hardship to the Grantee resulting from a sudden and unexpected illness or accident of the Grantee or “dependent,” as defined
in Section 152(a) of the Code, of the Grantee, loss of the Grantee’s property due to casualty, or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Grantee. The
circumstances that will constitute an Unforeseeable Emergency will depend upon the facts of each case, but, in any case, payment may not be made to the extent that such hardship is or may be relieved: 
 (i) through reimbursement or compensation by insurance or otherwise, 
 (ii) by liquidation of the Grantee’s assets, to the extent the liquidation of such assets would not itself cause severe financial
hardship, or 
 (iii) by future cessation of the making of additional deferrals under Section 7.4 (b) and (c).

 Without limitation, the need to send a Grantee’s child to college or the desire to purchase a home shall not constitute an
Unforeseeable Emergency. Distributions of amounts because of an Unforeseeable Emergency shall be permitted to the extent reasonably needed to satisfy the emergency need. 
 7.5. Other Phantom Share Provisions. 
 (a) Rights to payments with respect to Phantom Shares granted
under the Plan shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, 

  

 14 

 
encumbrance, attachment, garnishment, levy, execution, or other legal or equitable process, either voluntary or involuntary; and any attempt to anticipate,
alienate, sell, transfer, assign, pledge, encumber, attach or garnish, or levy or execute on any right to payments or other benefits payable hereunder, shall be void. 
 (b) A Grantee may designate in writing, on forms to be prescribed by the Committee, a beneficiary or beneficiaries to receive any payments payable after his or her death and may amend or revoke such designation at any
time. If no beneficiary designation is in effect at the time of a Grantee’s death, payments hereunder shall be made to the Grantee’s estate. If a Grantee with a vested Phantom Share dies, such Phantom Share shall be settled and the Phantom
Share Value in respect of such Phantom Shares paid, and any payments deferred pursuant to an election under Section 7.4(c) shall be accelerated and paid, as soon as practicable (but no later than 60 days) after the date of death to such
Grantee’s beneficiary or estate, as applicable. 
 (c) The Committee may establish a program under which distributions with respect to
Phantom Shares may be deferred for periods in addition to those otherwise contemplated by foregoing provisions of this Section 7. Such program may include, without limitation, provisions for the crediting of earnings and losses on unpaid
amounts, and, if permitted by the Committee, provisions under which Participants may select from among hypothetical investment alternatives for such deferred amounts in accordance with procedures established by the Committee. 
 (d) Notwithstanding any other provision of this Section 7, any fractional Phantom Share will be paid out in cash at the Phantom Share Value as of
the Settlement Date. 
 (e) No Phantom Share shall be construed to give any Grantee any rights with respect to Shares or any ownership
interest in the Company. Except as may be provided in accordance with Section 8, no provision of the Plan shall be interpreted to confer upon any Grantee any voting, dividend or derivative or other similar rights with respect to any Phantom
Share. 
 7.6. Claims Procedures. 
 (a) To the extent that the Plan is determined by the Committee to be subject to the Employee Retirement Income Security Act of 1974, as amended, the Grantee, or his beneficiary hereunder or authorized representative,
may file a claim for payments with respect to Phantom Shares under the Plan by written communication to the Committee or its designee. A claim is not considered filed until such communication is actually received. Within 90 days (or, if special
circumstances require an extension of time for processing, 180 days, in which case notice of such special circumstances should be provided within the initial 90-day period) after the filing of the claim, the Committee will either: 
 (i) approve the claim and take appropriate steps for satisfaction of the claim; or 
 (ii) if the claim is wholly or partially denied, advise the claimant of such denial by furnishing to him a written notice of such denial
setting forth (A) the specific reason or reasons for the denial; (B) specific reference to pertinent provisions of 

  

 15 

 
the Plan on which the denial is based and, if the denial is based in whole or in part on any rule of construction or interpretation adopted by the Committee,
a reference to such rule, a copy of which shall be provided to the claimant; (C) a description of any additional material or information necessary for the claimant to perfect the claim and an explanation of the reasons why such material or
information is necessary; and (D) a reference to this Section 7.6 as the provision setting forth the claims procedure under the Plan. 
 (b) The claimant may request a review of any denial of his claim by written application to the Committee within 60 days after receipt of the notice of denial of such claim. Within 60 days (or, if special circumstances require an extension
of time for processing, 120 days, in which case notice of such special circumstances should be provided within the initial 60-day period) after receipt of written application for review, the Committee will provide the claimant with its decision in
writing, including, if the claimant’s claim is not approved, specific reasons for the decision and specific references to the Plan provisions on which the decision is based. 
  

	8.	PROVISIONS APPLICABLE TO DIVIDEND EQUIVALENT RIGHTS. 

 8.1. Grant of Dividend Equivalent Rights. Subject to the other terms of the Plan, the Committee shall, in its discretion as reflected by the terms of the Award Agreements, authorize the granting of Dividend Equivalent Rights to
Eligible Persons based on the regular cash dividends declared on Common Stock, to be credited as of the dividend payment dates, during the period between the date an Award is granted, and the date such Award is exercised, vests or expires, as
determined by the Committee. Such Dividend Equivalent Rights shall be converted to cash or additional Shares by such formula and at such time and subject to such limitation as may be determined by the Committee. With respect to Dividend Equivalent
Rights granted with respect to Options intended to be qualified performance-based compensation for purposes of Section 162(m) of the Code, such Dividend Equivalent Rights shall be payable regardless of whether such Option is exercised. If a
Dividend Equivalent Right is granted in respect of another Award hereunder, then, unless otherwise stated in the Award Agreement, in no event shall the Dividend Equivalent Right be in effect for a period beyond the time during which the applicable
portion of the underlying Award is in effect. 
 8.2. Certain Terms. 
 (a) The term of a Dividend Equivalent Right shall be set by the Committee in its discretion. 
 (b) Unless otherwise determined by the Committee, except as contemplated by Section 8.4, a Dividend Equivalent Right is exercisable or payable only
while the Participant is an Eligible Person. 
 (c) Payment of the amount determined in accordance with Section 8.1 shall be in cash, in
Common Stock or a combination of the two, as determined by the Committee. 
 (d) The Committee may impose such employment-related conditions
on the grant of a Dividend Equivalent Right as it deems appropriate in its discretion. 
  

 16 

 8.3. Other Types of Dividend Equivalent Rights. The Committee may establish a program under which
Dividend Equivalent Rights of a type whether or not described in the foregoing provisions of this Section 8 may be granted to Participants. For example, and without limitation, the Committee may grant a dividend equivalent right in respect of
each Share subject to an Option or with respect to a Phantom Share, which right would consist of the right (subject to Section 8.4) to receive a cash payment in an amount equal to the dividend distributions paid on a Share from time to time.

 8.4. Deferral. The Committee may establish a program (taking into account, without limitation, the possible application of
Section 409A of the Code, as the Committee may deem appropriate) under which Participants (i) will have Phantom Shares credited, subject to the terms of Sections 7.4 and 7.5 as though directly applicable with respect thereto, upon the
granting of Dividend Equivalent Rights, or (ii) will have payments with respect to Dividend Equivalent Rights deferred. In the case of the foregoing clause (ii), such program may include, without limitation, provisions for the crediting of
earnings and losses on unpaid amounts, and, if permitted by the Committee, provisions under which Participants may select from among hypothetical investment alternatives for such deferred amounts in accordance with procedures established by the
Committee. 
  

	9.	OTHER STOCK-BASED AWARDS. 

 The Committee shall
have the right (i) to grant other Awards based upon the Common Stock having such terms and conditions as the Committee may determine, including, without limitation, the grant of shares based upon certain conditions, the grant of convertible
preferred shares, convertible debentures and other exchangeable or redeemable securities or equity interests, and the grant of Stock Appreciation Rights, (ii) to grant limited-partnership or any other membership or ownership interests (which
may be expressed as units or otherwise) in a Subsidiary or operating or other partnership (or other affiliate of the Company), with any Shares being issued in connection with the conversion of (or other distribution on account of) an interest
granted under the authority of this clause (ii) to be subject, for the avoidance of doubt, to Section 4 and the other provisions of the Plan, and (iii) to grant Awards valued by reference to book value, fair value or performance
parameters relative to the Company or any Subsidiary or group of Subsidiaries. 
  

	10.	PERFORMANCE GOALS. 

 The Committee, in its
discretion, may, in the case of Awards (including, in particular, Awards other than Options) intended to qualify for an exception from the limitation imposed by Section 162(m) of the Code (“Performance-Based Awards”),
(i) establish one or more performance goals (“Performance Goals”) as a precondition to the issuance or vesting of Awards, and (ii) provide, in connection with the establishment of the Performance Goals, for predetermined Awards
to those Participants (who continue to meet all applicable eligibility requirements) with respect to whom the applicable Performance Goals are satisfied. The Performance Goals shall be based upon the criteria set forth in Exhibit A hereto which is
hereby incorporated herein by reference as though set forth in full. The Performance Goals shall be established in a timely fashion such that they are considered pre-established for purposes of the rules governing performance-based compensation
under Section 162(m) of the Code. Prior to 

  

 17 

 
the award or vesting, as applicable, of affected Awards hereunder, the Committee shall have certified that any applicable Performance Goals, and other
material terms of the Award, have been satisfied. Performance Goals which do not satisfy the foregoing provisions of this Section 10 may be established by the Committee with respect to Awards not intended to qualify for an exception from the
limitations imposed by Section 162(m) of the Code. 
  

	11.	TAX WITHHOLDING. 

 11.1. In General. The
Company shall be entitled to withhold from any payments or deemed payments any amount of tax withholding determined by the Committee to be required by law. Without limiting the generality of the foregoing, the Committee may, in its discretion,
require the Participant to pay to the Company at such time as the Committee determines the amount that the Committee deems necessary to satisfy the Company’s obligation to withhold federal, state or local income or other taxes incurred by
reason of (i) the exercise of any Option, (ii) the lapsing of any restrictions applicable to any Restricted Stock, (iii) the receipt of a distribution in respect of Phantom Shares or Dividend Equivalent Rights or (iv) any other
applicable income-recognition event (for example, an election under Section 83(b) of the Code). 
 11.2. Share Withholding.

 (a) Upon exercise of an Option, if approved (or pre-approved) by the Committee in its discretion, the Optionee may make a written election
to have Shares then issued withheld by the Company from the Shares otherwise to be received, or to deliver previously owned Shares, in order to satisfy the liability for such withholding taxes. In the event that the Optionee makes, and the Committee
permits, such an election, the number of Shares so withheld or delivered shall have an aggregate Fair Market Value on the date of exercise sufficient to satisfy the applicable withholding taxes. Where the exercise of an Option does not give rise to
an obligation by the Company to withhold federal, state or local income or other taxes on the date of exercise, but may give rise to such an obligation in the future, the Committee may, in its discretion, make such arrangements and impose such
requirements as it deems necessary or appropriate. 
 (b) Upon lapsing of restrictions on Restricted Stock (or other income-recognition
event), the Grantee may , if approved (or pre-approved) by the Committee in its discretion, make a written election to have Shares withheld by the Company from the Shares otherwise to be released from restriction, or to deliver previously owned
Shares (not subject to restrictions hereunder), in order to satisfy the liability for such withholding taxes. In the event that the Grantee makes such an election, the number of Shares so withheld or delivered shall have an aggregate Fair Market
Value on the date of exercise sufficient to satisfy the applicable withholding taxes. 
 (c) Upon the making of a distribution in respect of
Phantom Shares or Dividend Equivalent Rights, the Grantee may, if approved (or pre-approved) by the Committee in its discretion, make a written election to have amounts (which may include Shares) withheld by the Company from the distribution
otherwise to be made, or to deliver previously owned Shares (not subject to restrictions hereunder), in order to satisfy the liability for such withholding taxes. In the event that the Grantee makes such an election, any Shares so withheld or
delivered 

  

 18 

 
shall have an aggregate Fair Market Value on the date of exercise sufficient to satisfy the applicable withholding taxes. 
 11.3. Withholding Required. Notwithstanding anything contained in the Plan or the Award Agreement to the contrary, the Participant’s
satisfaction of any tax-withholding requirements imposed by the Committee shall be a condition precedent to the Company’s obligation as may otherwise be provided hereunder to provide Shares to the Participant and to the release of any
restrictions as may otherwise be provided hereunder, as applicable; and the applicable Option, Restricted Stock, Phantom Shares or Dividend Equivalent Rights shall be forfeited upon the failure of the Participant to satisfy such requirements with
respect to, as applicable, (i) the exercise of the Option, (ii) the lapsing of restrictions on the Restricted Stock (or other income-recognition event) or (iii) distributions in respect of any Phantom Share or Dividend Equivalent
Right. 
  

	12.	REGULATIONS AND APPROVALS. 

 (a) The obligation of
the Company to sell Shares with respect to an Award granted under the Plan shall be subject to all applicable laws, rules and regulations, including all applicable federal and state securities laws, and the obtaining of all such approvals by
governmental agencies as may be deemed necessary or appropriate by the Committee. 
 (b) The Committee may make such changes to the Plan as
may be necessary or appropriate to comply with the rules and regulations of any government authority or to obtain tax benefits applicable to an Award. 
 (c) Each grant of Options, Restricted Stock, Phantom Shares (or issuance of Shares in respect thereof) or Dividend Equivalent Rights (or issuance of Shares in respect thereof), or other Award under Section 9 (or
issuance of Shares in respect thereof), is subject to the requirement that, if at any time the Committee determines, in its discretion, that the listing, registration or qualification of Shares issuable pursuant to the Plan is required by any
securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory body is necessary or desirable as a condition of, or in connection with, the issuance of Options, Shares of Restricted Stock, Phantom
Shares, Dividend Equivalent Rights, other Awards or other Shares, no payment shall be made, or Phantom Shares or Shares issued or grant of Restricted Stock or other Award made, in whole or in part, unless listing, registration, qualification,
consent or approval has been effected or obtained free of any conditions in a manner acceptable to the Committee. 
 (d) In the event that
the disposition of stock acquired pursuant to the Plan is not covered by a then current registration statement under the Securities Act, and is not otherwise exempt from such registration, such Shares shall be restricted against transfer to the
extent required under the Securities Act, and the Committee may require any individual receiving Shares pursuant to the Plan, as a condition precedent to receipt of such Shares, to represent to the Company in writing that such Shares are acquired
for investment only and not with a view to distribution and that such Shares will be disposed of only if registered for sale under the Securities Act or if there is an available exemption for such disposition. 
  

 19 

 (e) Notwithstanding any other provision of the Plan, the Company shall not be required to take or permit
any action under the Plan or any Award Agreement which, in the good-faith determination of the Company, would result in a material risk of a violation by the Company of Section 13(k) of the Exchange Act. 
 (f) In the case of any Award that constitutes deferred compensation within the meaning of Section 409A of the Code, including any grants of Phantom
Shares, any payment to a “specified employee” within the meaning of Section 409A of the Code on account of separation of service of such specified employee shall be made no earlier than six months and a day after such specified
employee’s separation from service or the date of such specified employee’s death, if earlier. 
  

	13.	INTERPRETATION AND AMENDMENTS; OTHER RULES. 

 The
Committee may make such rules and regulations and establish such procedures for the administration of the Plan as it deems appropriate. Without limiting the generality of the foregoing, the Committee may (i) determine the extent, if any, to
which Options, Phantom Shares or Shares (whether or not Shares of Restricted Stock) or Dividend Equivalent Rights shall be forfeited (whether or not such forfeiture is expressly contemplated hereunder); (ii) interpret the Plan and the Award
Agreements hereunder, 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 in 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 in Control; and (iii) take any other actions and
make any other determinations or decisions that it deems necessary or appropriate in connection with the Plan or the administration or interpretation thereof. In the event of any dispute or disagreement as to the interpretation of the Plan or of any
rule, regulation or procedure, or as to any question, right or obligation arising from or related to the Plan, the decision of the Committee, except as provided in clause (ii) of the foregoing sentence, shall be final and binding upon all
persons. Unless otherwise expressly provided hereunder, the Committee, with respect to any grant, may exercise its discretion hereunder at the time of the Award or thereafter. The Board may amend the Plan as it shall deem advisable, except that no
amendment may adversely affect a Participant with respect to an Award previously granted without such Participant’s written consent unless such amendments are required in order to comply with applicable laws; provided, however, that the Plan
may not be amended without shareholder approval in any case in which amendment in the absence of shareholder approval would cause the Plan to fail to comply with any applicable legal requirement or applicable exchange or similar rule. 
  

	14.	CHANGES IN CAPITAL STRUCTURE. 

 (a) If (i) the
Company or Subsidiaries shall at any time be involved in a merger, consolidation, dissolution, liquidation, reorganization, exchange of shares, sale of all or substantially all of the assets or stock of the Company or Subsidiaries or a transaction
similar thereto, (ii) any stock dividend, stock split, reverse stock split, stock combination, reclassification, recapitalization or other similar change in the capital structure of the Company or Subsidiaries, or any distribution to holders of
Common Stock other than ordinary cash 

  

 20 

 
dividends (but including special or extraordinary cash dividends), shall occur or (iii) any other event shall occur which in the judgment of the
Committee necessitates action by way of adjusting the terms of the outstanding Awards, then: 
 (x) the maximum aggregate
number and kind of Shares which may be made subject to Options and Dividend Equivalent Rights under the Plan, the maximum aggregate number and kind of Shares of Restricted Stock that may be granted under the Plan, the maximum aggregate number of
Phantom Shares and other Awards which may be granted under the Plan shall be equitably and proportionately adjusted by the Committee in its discretion; and 
 (y) the Committee shall take any such action as in its discretion shall be necessary to maintain each Optionees’ rights hereunder
(including under their Award Agreements) so that they are substantially in their respective Options, Phantom Shares and Dividend Equivalent Rights substantially proportionate to the rights existing in such Options, Phantom Shares and Dividend
Equivalent Rights prior to such event, including, without limitation, adjustments in (A) the number of Options, Phantom Shares and Dividend Equivalent Rights (and other Awards under Section 9) granted, (B) the number and kind of
shares or other property to be distributed in respect of Options, Phantom Shares and Dividend Equivalent Rights (and other Awards under Section 9 as applicable), (C) the Option Price and Phantom Share Value, and (D) performance-based
criteria established in connection with Awards (to the extent consistent with Section 162(m) of the Code, as applicable); provided that, in the discretion of the Committee, the foregoing clause (D) may also be applied in the case of any
event relating to a Subsidiary if the event would have been covered under this Section 14(a) had the event related to the Company. 
 To the extent that
such action shall include an increase or decrease in the number of Shares (or units of other property then available) subject to all outstanding Awards, the number of Shares (or units) available under Section 4 shall be increased or decreased,
as the case may be, proportionately, as may be determined by the Committee in its discretion. 
 (b) Any Shares or other securities
distributed to a Grantee with respect to Restricted Stock or otherwise issued in substitution of Restricted Stock shall be subject to the restrictions and requirements imposed by Section 6, including depositing any certificates therefor with
the Company. 
 (c) If the Company shall be consolidated or merged with another corporation or other entity, each Grantee who has received
Restricted Stock that is then subject to restrictions imposed by Section 6.3(a) may be required to deposit with the successor corporation the certificates, if any, for the stock or securities or the other property that the Grantee is entitled
to receive by reason of ownership of Restricted Stock in a manner consistent with Section 6.2(b), and such stock, securities or other property shall become subject to the restrictions and requirements imposed by Section 6.3(a), and the
certificates therefor or other evidence thereof shall bear a legend similar in form and substance to the legend set forth in Section 6.2(a). 
  

 21 

 (d) If a Change in Control shall occur, then the Committee, as constituted immediately before the Change
in Control, may make such adjustments as it, in its discretion, determines are necessary or appropriate in light of the Change in Control, provided that the Committee determines that such adjustments do not have an adverse economic impact on the
Participant as determined at the time of the adjustments. 
 (e) The judgment of the Committee with respect to any matter referred to in this
Section 14 shall be conclusive and binding upon each Participant without the need for any amendment to the Plan. 
  

	15.	MISCELLANEOUS. 

 15.1. No Rights to Employment
or Other Service. Nothing in the Plan or in any grant made pursuant to the Plan shall confer on any individual any right to continue in the employ or other service of the Company or Subsidiaries or interfere in any way with the right of the
Company or Subsidiaries and its shareholders to terminate the individual’s employment or other service at any time. 
 15.2. Right of
First Refusal; Right of Repurchase. At the time of grant, the Committee may provide in connection with any grant made under the Plan that Shares received hereunder shall be subject to a right of first refusal pursuant to which the Company shall
be entitled to purchase such Shares in the event of a prospective sale of the Shares, subject to such terms and conditions as the Committee may specify at the time of grant or (if permitted by the Award Agreement) thereafter, and to a right of
repurchase, pursuant to which the Company shall be entitled to purchase such Shares at a price determined by, or under a formula set by, the Committee at the time of grant or (if permitted by the Award Agreement) thereafter, subject to such other
terms and conditions as the Committee may specify at the time of grant. 
 15.3. No Fiduciary Relationship. Nothing contained in the
Plan (including without limitation Sections 7.5(c) and 8.4, and no action taken pursuant to the provisions of the Plan, shall create or shall be construed to create a trust of any kind, or a fiduciary relationship between the Company or
Subsidiaries, or their officers or the Committee, on the one hand, and the Participant, the Company, Subsidiaries or any other person or entity, on the other. 
 15.4. No Fund Created. Any and all payments hereunder to any Participant shall be made from the general funds of the Company (or, if applicable, a participating subsidiary), no special or separate fund shall be
established or other segregation of assets made to assure such payments, and the Phantom Shares (including for purposes of this Section 15.4 any accounts established to facilitate the implementation of Section 7.4(c)) and any other similar
devices issued hereunder to account for Plan obligations do not constitute Common Stock and shall not be treated as (or as giving rise to) property or as a trust fund of any kind; provided, however, that the Company may establish a mere bookkeeping
reserve to meet its obligations hereunder or a trust or other funding vehicle that would not cause the Plan to be deemed to be funded for tax purposes or for purposes of Title I of the Employee Retirement Income Security Act of 1974, as amended. The
obligations of the Company under the Plan are unsecured and constitute a mere promise by the Company to make benefit payments in the future and, to the extent that any person acquires a right to receive payments under the Plan from the Company, such
right shall be 

  

 22 

 
no greater than the right of a general unsecured creditor of the Company. (If any affiliate of the Company is or is made responsible with respect to any
Awards, the foregoing sentence shall apply with respect to such affiliate.) Without limiting the foregoing, Phantom Shares and any other similar devices issued hereunder to account for Plan obligations are solely a device for the measurement and
determination of the amounts to be paid to a Grantee under the Plan, and each Grantee’s right in the Phantom Shares and any such other devices is limited to the right to receive payment, if any, as may herein be provided. 
 15.5. Notices. All notices under the Plan 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 Board; and if to the Participant, shall be delivered personally, sent by facsimile transmission or mailed to the Participant 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 Section 15.5. 
 15.6. 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. 
 15.7. Captions. The use of captions in this Plan is for
convenience. The captions are not intended to provide substantive rights. 
 15.8. Governing Law. THE PLAN SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF MARYLAND WITHOUT REGARD TO ANY PRINCIPLES OF CONFLICTS OF LAW WHICH COULD CAUSE THE APPLICATION OF THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF MARYLAND. 
 ADOPTED: JULY 21, 2006 
 APPROVED BY STOCKHOLDERS: OCTOBER 6, 2006

 AMENDED AND RESTATED: MAY 3, 2007 
  

 23 

 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 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); 
  

 A-1 

 (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; 
 (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-2

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