Document:

Exhibit 4.6  

        THIS
SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY, WHICH MAY
BE TREATED BY THE COMPANY, THE TRUSTEE AND ANY AGENT THEREOF AS OWNER AND HOLDER OF THIS SECURITY FOR ALL PURPOSES. 

        UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND
ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON IS
MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY
OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

        TRANSFERS
OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF THE DEPOSITORY TRUST COMPANY OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR'S
NOMINEE. 

	No. 1	 	$500,000,000
	

CUSIP: 437076AM4

ISIN: US437076AM49	
 	

 

The
Home Depot, Inc. 

Dated:
August 11, 2005 

45/8%
Senior Notes due August 15, 2010 

        The
Home Depot, Inc., a Delaware corporation (the "Company"), for value received hereby promises to pay to Cede & Co. or registered assigns the principal sum of Five
Hundred Million Dollars ($500,000,000) at the Company's office or agency for said purpose in the City of New York, on August 15, 2010, in such coin or currency of the United States of America
as at the time of payment shall be legal tender for the payment of public and private debts, and to pay interest, semiannually on February 15 and August 15 (each an "Interest Payment
Date") of each year, commencing on February 15, 2006, on said principal sum in like coin or currency at the rate per annum set forth above at said office or agency from the most recent Interest
Payment Date to which interest on the Securities of this series has been paid or duly provided for or, if no interest on the Securities of this series has been paid or duly provided for, from
August 11, 2005. The interest so payable on any Interest Payment Date will, except as otherwise provided in the Indenture referred to on the reverse hereof, be paid to the person in whose name
this Security is registered at the close of business on the February 1 or August 1, as the case may be, preceding the relevant Interest Payment Date (the "Regular Record Date") whether
or not such day is a business day; provided that interest may be paid, at the option of the Company, by mailing a check therefor payable to the registered holder entitled thereto at such holder's last
address as it appears on the Security Register or by wire transfer, in immediately available funds, to such bank or other entity in the continental United States as shall be designated in writing by
such holder prior to the relevant Regular Record Date and shall have appropriate facilities for such purpose. If and for so long as all of the Securities of this series are represented by Securities
in global form, the principal of, premium, if any, and interest on this global Security shall be paid in same day funds to the Depositary, or to such name or entity as is requested by an authorized
representative of the Depositary. 

        Reference
is made to the further provisions set forth on the reverse hereof. Such further provisions shall for all purposes have the same effect as though fully set forth at this place. 

        This
Security shall not be valid or obligatory until the certificate of authentication hereon shall have been duly signed by the Trustee acting under the Indenture. 

        IN
WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its corporate seal. 

	 	 	THE HOME DEPOT, INC.
	

 	
 	

By:	

	 	 	 	Name:	 	Carol B. Tomé
	 	 	 	Title:	 	Executive Vice President,

Chief Financial Officer

REVERSE
OF SECURITY 

The
Home Depot, Inc. 

45/8%
Senior Notes due August 15, 2010 

        This
Security is one of a duly authorized issue of debt securities of the Company, issued or to be issued in one or more series pursuant to an indenture dated as of May 4, 2005
(the "Indenture"), duly executed and delivered by the Company to The Bank of New York Trust Company, N.A., as Trustee (herein called the "Trustee," which term includes any successor trustee under the
Indenture). Reference is hereby made to the Indenture and all indentures supplemental thereto for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of
the Trustee, the Company and the holders (the words "holders" or "holder" meaning the registered holders or registered holder) of the Securities of this series. 

        This
Security will bear interest until final Maturity at the rate per annum shown above. Interest will be computed on the basis of a 360-day year consisting of twelve months
of 30 days each. The Company will pay interest on overdue principal, premium, if any, and to the extent lawful, interest on overdue installments of interest, at the same rate. 

        In
case an Event of Default, as defined in the Indenture, shall have occurred and be continuing with respect to this series of Securities, the principal of all the outstanding Securities
of this series may be declared due and payable, in the manner and with the effect, and subject to the conditions, provided in the Indenture. The Indenture provides that in certain events such
declaration and its consequences may be waived by the holders of a majority in aggregate Principal Amount of the Securities of this series then outstanding and that, prior to any such declaration,
such holders may waive any past default under the Indenture and its consequences except a default in the payment of principal of, premium, if any, or interest on any of the Securities of this series.
Any such consent or waiver by the holder of this Security (unless revoked as provided in the Indenture) shall be conclusive and binding upon such holder and upon all future holders and owners of this
Security and any Security of this series which may be issued in exchange or substitution herefor, whether or not any notation thereof is made upon this Security or such other Securities of this
series. 

        The
Indenture permits, with certain exceptions as therein provided, the Company and the Trustee, with the consent of the holders of at least a majority in aggregate Principal Amount of
the Securities at the time outstanding, evidenced as provided in the Indenture, to execute supplemental indentures adding any provisions to or changing in any manner or eliminating any of the
provisions of the Indenture or of any supplemental indenture or modifying in any manner the rights of the holders of the Securities. 

        Notwithstanding
the foregoing, without the consent of any holder of Securities of this series, the Company and the Trustee may amend or supplement the Indenture or the Securities of this
series to cure any ambiguity, defect or inconsistency, to provide for uncertificated Securities of this series in addition to or in place of certificated Securities of this series, to provide for the
assumption of the Company's obligations to holders of Securities of this series in the case of a transaction described in Section 10.01, to make any change that would provide any additional
rights or benefits to the holders of Securities of this series or that does not adversely affect the legal rights under the Indenture of any such holder, or to comply with requirements of the
Commission in order maintain the qualification of the Indenture under the Trust Indenture Act. 

        No
reference herein to the Indenture and no provision of this Security shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of,
premium, if any, and interest on this Security at the place, times, and rate, and in the currency, herein prescribed. 

        The
Securities of this series are issuable only as registered Securities without coupons in denominations of $1,000 and any multiple of $1,000. 

        At
the office or agency of the Company referred to on the face hereof and in the manner and subject to the limitations provided in the Indenture and this Security, Securities of this
series may be 

exchanged
for a like aggregate principal amount of Securities of this series of other authorized denominations. 

        Upon
due presentment for registration of transfer of this Security at the above-mentioned office or agency of the Company, a new Security or Securities of this series of authorized
denominations, for a like aggregate principal amount, will be issued to the transferee as provided in the Indenture. No service charge shall be made for any such transfer, but the Company may require
payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto. 

        The
Securities of this series are redeemable in whole or in part, at the option of the Company, at any time and from time to time, on not less than 30 or more than 60 days' prior
notice mailed to the holders of the Securities of this series, at a redemption price equal to the greater of (i) 100% of the principal amount of the Security to be redeemed and (ii) the
sum of the present values of the remaining scheduled payments thereon discounted to the redemption date on a semiannual basis (assuming a 360-day year consisting of twelve
30-day months) at the Treasury Rate plus 10 basis points, together in either case with accrued interest on the principal amount being redeemed to the redemption date. 

        "Treasury
Rate" means, with respect to any redemption date, the rate per annum equal to the semiannual equivalent yield to maturity (computed as of the second business day immediately
preceding such redemption date) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable
Treasury Price for such redemption date. 

        "Comparable
Treasury Issue" means the United States Treasury security selected by an Independent Investment Banker that would be utilized, at the time of selection and in accordance with
customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the notes. "Independent Investment Banker" means one of the Reference
Treasury Dealers appointed by the Company. 

        "Comparable
Treasury Price" means, with respect to any redemption date, (1) the average of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a
percentage of its principal amount) on the third business day preceding such redemption date, as set forth in the daily statistical release (or any successor release) published by the Federal Reserve
Bank of New York and designated "Composite 3:30 p.m. Quotations for U.S. Government Notes" or (2) if such release (or any successor release) is not published or does not contain such
prices on such business day, (a) the average of the Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and
lowest of such Reference Treasury Dealer Quotations, or (b) if the Trustee obtains fewer than four such Reference Treasury Dealer Quotations, the average of all Quotations obtained. 

        "Reference
Treasury Dealer" means Credit Suisse First Boston LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated and its successors and two other nationally recognized
investment banking firms that are Primary Treasury Dealers specified from time to time by the Company, except that if any of the foregoing ceases to be a primary U.S. Government securities dealer in
New York City (a "Primary Treasury Dealer"), the Company shall be required to designate as a substitute another nationally recognized investment banking firm that is a Primary Treasury Dealer. 

        "Reference
Treasury Dealer Quotations" means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Trustee, of the bid and asked
prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Trustee by such Reference Treasury Dealer as of 3:30 p.m., New
York City time, on the third business day preceding such redemption date. 

        On
and after any redemption date, interest will cease to accrue on the Notes called for redemption. Prior to any redemption date, the Company shall be required to deposit with a paying
agent money sufficient to pay the redemption price of and accrued interest on the Notes to be redeemed on such date. If the Company is redeeming less than all the notes, the Trustee must select 

the
Notes to be redeemed by such method as the Trustee deems fair and appropriate in accordance with methods generally used at the time of selection by fiduciaries in similar circumstances. 

        Subject
to payment by the Company of a sum sufficient to pay the amount due on redemption, interest on this Security (or portion hereof if this Security is redeemed in part) shall cease
to accrue upon the date duly fixed for redemption of this Security (or portion hereof if this Security is redeemed in part). In the event of redemption of this Security in part only, a new Security or
Securities of this series for the unredeemed portion hereof will be issued in the name of the holder hereof upon the cancellation hereof. 

        The
Company, the Trustee, and any authorized agent of the Company or the Trustee, may deem and treat the registered holder hereof as the absolute owner of this Security (whether or not
this Security shall be overdue and notwithstanding any notation of ownership or other writing hereon made by anyone other than the Company, the Trustee or any authorized agent of the Company or the
Trustee), for the purpose of receiving payment of, or on account of, the principal hereof and premium, if any, and interest hereon and for all other purposes, and none of the Company, the Trustee nor
any authorized agent of the Company or the Trustee shall be affected by any notice to the contrary. 

        The
Securities of this series are subject to defeasance as described in the Indenture. 

        No
recourse shall be had for the payment of the principal of, premium, if any, or the interest on this Security, for any claim based hereon, or otherwise in respect hereof, or based on
or in respect of the Indenture or any indenture supplemental thereto, against any incorporator, shareholder, officer or director, as such, past, present or future, of the Company or of any successor
corporation, either directly or through the Company or any successor corporation, whether by virtue of any constitution, statute or rule of law or by the enforcement of any assessment or penalty or
otherwise, all such liability being, by the acceptance hereof and as part of the consideration for the issue hereof, expressly waived and released. 

        The
Indenture is hereby incorporated by the reference and, to the extent of any variance between the provisions hereof and the Indenture, the Indenture shall control. Terms used but not
defined herein have the meanings assigned to such terms in the Indenture. 

        This
Security shall be deemed to be a contract under the laws of the State of New York, and for all purposes shall be construed in accordance with the laws of said State, except as may
otherwise be required by mandatory provisions of law. 

        This
is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 

	 	 	THE BANK OF NEW YORK TRUST COMPANY, N.A., as Trustee
	

 	
 	

By:	
 	

    
 Authorized Signatory

[FORM
OF TRANSFER NOTICE] 

        FOR
VALUE RECEIVED the undersigned registered holder hereby sell(s), assign(s) and transfer(s) unto 

        Insert
Taxpayer Identification No. 

        Please
print or typewrite name and address including zip code of assignee of the within Security and all rights thereunder, hereby irrevocably constituting and
appointing                        
to transfer said Security on the books of the Company with full power of substitution in the premises. 

	
	 	 
	By:

Date:	 	 

SCHEDULE
OF INCREASES OR DECREASES IN GLOBAL SECURITY 

The
following increases or decreases in this Global Security have been made: 

	Date of Principal Exchange
 
	 	Amount of decrease in Amount of this Global Principal Security
	 	Amount of increase in Amount of

this Global Security
	 	Principal Amount of this Signature of

authorized Global Security following

officer of Trustee or such decrease or

increase Securities CustodianQuickLinks
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EXHIBIT 10.8    
    

 
 

Behringer Harvard REIT I, Inc.
  2005 Incentive Award Plan
  Stock Option Agreement    
    

        Behringer Harvard REIT I, Inc., a Maryland corporation (the "Company"), hereby grants to the optionee named below ("Optionee") an option (this "Option") to
purchase the total number of shares shown below of Common Stock of the Company ("Shares") at the exercise price per share set forth below (the "Exercise Price"), subject to all of the terms and
conditions of this Stock Option Agreement and the Behringer Harvard REIT I, Inc. 2005 Incentive Award Plan (the "Plan"). Unless otherwise defined herein, capitalized terms used herein shall
have the meanings ascribed to them in the Plan. The terms and conditions of the Plan are incorporated herein by reference. 

	Shares Subject to Option:	 	
  
	 	 
	

Exercise Price Per Share:*	
 	

  
	
 	

 
	

Term of Option:*	
 	

TEN (10) YEARS
	
 	

 

        Vesting:
Shares subject to issuance under this Option shall be eligible for exercise according to the vesting schedule described in Section 10 of this Stock Option Agreement. 

        IN WITNESS WHEREOF, this Stock Option Agreement has been executed by the Company by a duly authorized officer as of the date specified
hereon. 

	 	 	BEHRINGER HARVARD REIT I, INC.
	

 	
 	

By:	

 
	 	 	 	 	

	Grant Date:	 	
  
	 	 
	

 	
 	

Type of Stock Option Intended:	
 	

 
	

	
 	

 	
 	

 
	 	 	Incentive Stock Option (ISO)	 	 
	

	
 	

Non-Qualified Stock Option (NQSO)	
 	

 
	

	
 	

 	
 	

 

        Optionee
hereby acknowledges receipt of a copy of the Plan, represents that Optionee has read and understands the terms and provisions of the Plan, and accepts this
Option subject to all the terms and conditions of the Plan and this Stock Option Agreement. Optionee acknowledges that there may be adverse tax consequences upon exercise of this Option or disposition
of Shares purchased by exercise of this Option, and that Optionee should consult a tax adviser prior to such exercise or disposition. 

	 	 	
 [Name of Optionee]

 

        1.    Exercise Period of Option.    Subject to the terms and
conditions of
this Stock Option Agreement and the Plan, and unless otherwise modified in writing signed by the Company and Optionee, this Option may be exercised with respect to all of the Shares subject to this
Option, but only according to the vesting schedule described in Section 10 below, prior to the date which occurs on the last day of the Term of Option set forth on the face hereof following the
Grant Date (hereinafter "Expiration Date"). 

        2.    Restrictions on Exercise.    This Option may not be exercised,
unless such exercise is in compliance with the Securities Act of 1933 and all applicable state securities laws, as they are in effect on the date of exercise, and the requirements of any stock
exchange or national market system on which the Company's Shares may be listed at the time of exercise. Optionee understands that the Company is under no obligation to register, qualify or list the
Shares subject to this Option with the Securities and Exchange Commission ("SEC"), any state securities commission or any stock exchange to effect such compliance. Also, this Option may not be
exercised within the first six (6) months of the Grant Date noted hereon (except in situations otherwise allowed by this Option and Section 7(e)(8)(B) of the Fair Labor Standards Act) if
the Optionee is currently, at the time of exercise, or has been at any time within the two (2) year period immediately preceding exercise, a non-exempt (as defined in the Fair Labor
Standards Act) employee of the Company. 

3.     Termination of Option.  

        (a)   If
the Optionee is an employee of the Company, except as provided below in this Section, this Option shall be immediately forfeited and may not be exercised after the
date which is ninety (90) days after Optionee ceases to perform services for the Company, or any Parent or Subsidiary. Optionee shall be considered to perform services for the Company, or any
Parent or Subsidiary, for all purposes under this Section and Section 10 hereof, if Optionee is an officer or full-time employee of the Company, or any Parent or Subsidiary, or if
the Board determines that Optionee is rendering substantial services as a part-time employee, consultant, contractor or advisor to the Company, or any Parent or Subsidiary. The Board shall
have discretion to determine whether Optionee has ceased to perform services for the Company, or any Parent or Subsidiary, and may determine that a material reduction or decrease in responsibilities
is a cessation of the performance of services. The effective date on which services are determined by the Board to have ceased is the "Termination Date." 

        (i)    Termination for Cause. If Optionee ceases to perform services for the Company, or any Parent or Subsidiary, for Cause,
this Option shall immediately be forfeited, along with any and all rights or subsequent rights attached thereto, as of the Termination Date, but in no event later than the Expiration Date. For this
purpose, "Cause" shall be defined as set forth in the written employment agreement between the Optionee and the Company, or, if no such written agreement exists or if "Cause" is not defined in such
written employment agreement, "Cause" shall be defined as set forth in the Plan, or, if not defined in the Plan, "Cause" shall mean actions or omissions harmful to the Company as determined by the
Board in its sole and absolute discretion. 

        (ii)   Death. If Optionee ceases to perform services for the Company, or any Parent or Subsidiary, as a result of the death of
Optionee, this Option, to the extent (and only to the extent) that it would have been exercisable by Optionee on the Termination Date, may be exercised by Optionee's legal representative within one
(1) year after the Termination Date, but in no event later than the Expiration Date. 

        (iii)  Disability. If Optionee ceases to perform services for the Company, or any Parent or Subsidiary, as a result of the
disability (within the meaning of Code §22(e)(3)) of Optionee (as determined by the Board in its sole discretion), this Option, to the extent (and only to the extent) that it would have
been exercisable by Optionee on the Termination Date, may be exercised by 

2

 

Optionee
within one (1) year after the Termination Date, but in no event later than the Expiration Date. 

        (iv)  No Right to Employment or Other Relationship. Nothing in the Plan or this Stock Option Agreement shall confer on
Optionee any right to continue in the employ of, or other relationship with, the Company, or any Parent or Subsidiary, or limit in any way the right of the Company, or any Parent or Subsidiary, to
terminate Optionee's employment or other relationship at any time, with or without cause. 

        (b)   If
the Optionee is an Outside Director (as defined in the Plan), except as provided by the Board or a committee thereof at the time of grant or thereafter, in the event
an Outside Director's service to the Company terminates before the Options have vested, any Option granted to such Outside Director that has not vested shall be cancelled and the Outside Director
shall have no further right or interest in such forfeited Option. Except as provided by the Board or a committee thereof at the time of grant or thereafter, in the event an Outside Director's service
to the Company terminates for any reason, any vested Option shall be cancelled upon the first to occur of (i) the first anniversary of the date that shares of the Company's Common Stock are
first listed on a national stock exchange or a national market system, and (ii) the tenth anniversary of the date of grant. 

4.     Manner of Exercise.  

        (a)    Exercise Agreement.    This Option shall be exercisable by delivery to the Company of an executed Exercise and
Stockholder Agreement ("Exercise Agreement") in such form as may be approved or accepted by the Company, which shall set forth Optionee's election to exercise this Option with respect to some or all
of the Shares subject to this Option, the number of Shares subject to this Option being purchased, and any restrictions imposed on the Shares subject to this Option (including, without limitation,
vesting or performance-based restrictions, rights of the Company to re-purchase Shares acquired pursuant to the exercise of an Option, voting restrictions, investment intent restrictions,
restrictions on transfer, "first refusal" rights of the Company to purchase Shares acquired pursuant to the exercise of an Option prior to their sale to any other person, "drag along" rights requiring
the sale of shares to a third party purchaser in certain circumstances, "lock up" type restrictions in the case of an initial public offering of the Company's stock, restrictions or limitations that
would be applied to stockholders under any applicable restriction agreement among the stockholders, and restrictions under applicable federal securities laws, under the requirements of any stock
exchange or market upon which such Shares are then listed and/or traded, and/or under any blue sky or state securities laws applicable to such Shares). The Company may modify the required Exercise
Agreement at any time for any reason consistent with the Plan. If the Optionee receives a hardship distribution from a Code §401(k) plan of the Company, or any Parent or Subsidiary, this
Option may not be exercised during the six (6) month period following the hardship withdrawal (unless the Company determines that such exercise would not jeopardize the
tax-qualification of such Code §401(k) plan). 

        (b)    Exercise Price.    Such Exercise Agreement shall be accompanied by full payment of the Exercise Price for the
Shares being purchased. Payment for the Shares being purchased may be made in U.S. dollars in cash (by check), or by delivery to the Company of a number of Shares which have been owned and completely
paid for by the holder for at least six (6) months prior to the date of exercise (i.e., "mature shares" for accounting purposes) having an
aggregate fair market value equal to the amount to be tendered, or a combination thereof. In addition, this Option may be exercised through a brokerage transaction following registration of the Shares
under Section 12 of the Securities Exchange Act of 1934 as permitted under the provisions of Regulation T promulgated by the Federal Reserve Board applicable to cashless exercises. 

        (c)    Withholding Taxes.    Prior to the issuance of Shares upon exercise of this Option, Optionee must pay, or make
adequate provision for, any applicable federal or state withholding obligations of the 

3

 

Company.
Optionee may provide for payment of withholding taxes upon exercise of the Option by requesting that the Company retain Shares with a Fair Market Value equal to the minimum amount of taxes
required to be withheld. In such case, the Company shall issue the net number of Shares to Optionee by deducting the Shares retained from the Shares exercised. 

        (d)    Issuance of Shares.    Provided that such Exercise Agreement and payment are in form and substance satisfactory
to counsel for the Company, the Company shall cause the Shares purchased to be issued in the name of Optionee or Optionee's legal representative. Optionee shall not be considered a Stockholder until
such time as Shares have been issued as noted on the stockholder register of the Company. 

        5.    Notice of Disqualifying Disposition of ISO Shares.    If this Option is an ISO, and if
Optionee sells or otherwise disposes of any of the Shares acquired pursuant to this ISO on or before the later of (a) the date two (2) years after the Grant Date, or (b) the date
one (1) year after exercise of the ISO, with respect to the Shares to be sold or disposed, Optionee shall and hereby agrees to immediately notify the Company in writing of such sale or
disposition. Optionee acknowledges and agrees that Optionee may be subject to income tax withholding by the Company on the compensation income recognized by Optionee from any such early disposition by
payment in cash or out of the current wages or earnings payable to Optionee, and Optionee agrees to remit same to Company upon request. Optionee also hereby agrees that Optionee shall include the
compensation from such early disposition in the Optionee's gross income for federal tax purposes. 

        6.    Nontransferability of Option.    This Option may not be transferred in any manner, other
than by will or by the laws of descent and distribution. In addition, except as expressly permitted under the Plan for NQSOs, during Optionee's lifetime, this Option may only be exercised Optionee.
The terms of this Option shall be binding upon the executor, administrators, successors and assigns of Optionee. However, if this Option is a NQSO, it may be transferred to the extent allowed by the
Plan. 

        7.    TAX CONSEQUENCES.    OPTIONEE UNDERSTANDS THAT THE GRANT AND EXERCISE OF THIS OPTION,
AND THE SALE OF SHARES OBTAINED THROUGH THE EXERCISE OF THIS OPTION, MAY HAVE TAX IMPLICATIONS THAT COULD RESULT IN ADVERSE TAX CONSEQUENCES TO OPTIONEE. OPTIONEE REPRESENTS THAT OPTIONEE HAS
CONSULTED WITH, OR WILL CONSULT WITH, HIS OR HER TAX ADVISOR; OPTIONEE FURTHER ACKNOWLEDGES THAT OPTIONEE IS NOT RELYING ON THE COMPANY FOR ANY TAX, FINANCIAL OR LEGAL ADVICE; AND IT IS SPECIFICALLY
UNDERSTOOD BY THE OPTIONEE THAT NO REPRESENTATIONS OR ASSURANCES ARE MADE AS TO THE QUALIFICATION OF THIS OPTION AS AN ISO OR AS TO ANY PARTICULAR TAX TREATMENT WITH RESPECT TO THE OPTION. OPTIONEE
ALSO ACKNOWLEDGES THAT
EXERCISE OF AN ISO OPTION MUST GENERALLY OCCUR WITHIN NINETY (90) DAYS OF TERMINATION OF EMPLOYMENT, REGARDLESS OF ANY LONGER PERIOD ALLOWED BY THIS STOCK OPTION AGREEMENT. 

        8.    Interpretation.    Any dispute regarding the interpretation of this Stock Option
Agreement shall be submitted to the Board or the Committee, which shall review such dispute in accordance with the Plan. The resolution of such a dispute by the Board or Committee shall be final and
binding on the Company and Optionee. 

        9.    Entire Agreement and Other Matters.    The Plan and the Exercise Agreement are
incorporated herein by this reference. Optionee acknowledges and agrees that the granting of this Option constitutes a full accord, satisfaction and release of all obligations or commitments made to
Optionee by the Company or any of its officers, directors, stockholders or affiliates with respect to the issuance of any securities, or rights to acquire securities, of the Company or any of its
affiliates. This Stock Option Agreement, the Plan and the Exercise Agreement constitute the entire agreement of the parties hereto, and supersede all prior understandings and agreements with respect
to the subject matter hereof. This 

4

 

Stock
Option Agreement and the underlying Option are void ab initio unless this Certificate has been executed by the Optionee and the Optionee has
agreed to all terms and provisions hereof. 

        10.    Vesting and Exercise of Shares.    Subject to the terms of the Plan, this Stock Option
Agreement and the Exercise Agreement, the Optionee shall be entitled to purchase, pursuant to the exercise of this Option, the percentage of the Shares subject to this Option shown below based upon
the time elapsed from the Grant Date of this Option (as noted hereon) at the time of exercise: 

	Vesting Schedule:

	Percentage Vested:
	 	Date:

	

 	
 	

 

If
the above calculation of Shares available for purchase through exercise of this Option would result in a fraction, any fraction will be rounded to zero. Employees of the Company must have engaged
in
Continuous Service to the Company throughout the respective vesting period. For purposes of this Stock Option Agreement, "Continuous Service" means a period of continuous performance of services by
Optionee for the Company, a Parent, or a Subsidiary, as determined by the Board in its sole and absolute discretion. 

        11.    Special California Provisions.    Anything contained in this Stock Option Agreement or
the Plan to the contrary notwithstanding, in order for the grant or exercise of this Option to be exempt from the securities laws of the State of California, the following provisions apply in the
event that the Optionee is a resident of State of California: (i) the total number of shares issuable upon exercise of all outstanding Stock Incentives under the Plan plus the total number of
shares issuable under any other stock option, stock bonus or similar plan of the Company shall not exceed thirty percent (30%) of the then outstanding shares of capital stock of the Company, measured
on an as converted to common basis, unless a percentage higher than thirty percent (30%) is approved by at least two-thirds of the Company's outstanding capital stock; (ii) the
Company hereby represents that the Exercise Price of this Option is at least 85% of the Fair Market Value of a share of Common Stock (110% of Fair Market Value of a share of Common Stock if the
Participant owns more than 10% of the combined voting power of all classes of stock of the Company); (iii) Optionee shall receive the annual financial statements of the Company in accordance
with Section 260.140.46 of Title 10 of the California Code of Regulations; and (iv) Optionee shall be delivered a copy of the Plan with this Stock Option Agreement. 

5

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EXHIBIT 10.8

Behringer Harvard REIT I, Inc. 2005 Incentive Award Plan Stock Option Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00100-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00100-of-00352.parquet"}]]