Document:

Form of Restricted Stock Unit Award Agreement (under Manager Equity Plan)

 Exhibit 10.10 
 FORM OF QUADRA REALTY TRUST, INC. 
 MANAGER EQUITY PLAN 
 RESTRICTED STOCK UNIT AWARD AGREEMENT 
 THIS RESTRICTED STOCK UNIT AWARD AGREEMENT, (the “Agreement”), dated as of                     ,
20     (the “Grant Date”), is made by and between Quadra Realty Trust, Inc., a Maryland corporation (the “Company”), and Hypo Real Estate Capital Corporation, a Delaware corporation (the
“Grantee”). 
 WHEREAS, the Company has adopted the Quadra Realty Trust, Inc. Manager Equity Plan (the “Plan”), pursuant
to which the Company may grant awards representing the right to receive shares of Stock or cash after the lapse of such forfeiture restrictions as may be determined by the Board (such rights hereinafter referred to as “Restricted Stock
Units”); 
 WHEREAS, the Grantee is providing bona fide services to the Company on the date of this Agreement; 
 WHEREAS, the Company desires to grant to the Grantee the number of Restricted Stock Units provided for herein; 
 NOW, THEREFORE, in consideration of the recitals and the mutual agreements herein contained, the parties hereto agree as follows: 
 Section 1. Grant of Restricted Stock Unit Award 
 (a) Grant of Restricted Stock Units. The Company hereby grants to the Grantee [                    ] Restricted Stock Units on
the terms and conditions set forth in this Agreement and as otherwise provided in the Plan. The Company shall establish a book account in the Grantee’s name with respect to the Award granted hereby. 
 (b) Incorporation of Plan. The provisions of the Plan are hereby incorporated herein by reference. Except as otherwise expressly set forth herein,
this Agreement shall be construed in accordance with the provisions of the Plan and any capitalized terms not otherwise defined in this Agreement shall have the definitions set forth in the Plan. The Board shall have final authority to interpret and
construe the Plan and this Agreement and to make any and all determinations thereunder, and its decision shall be binding and conclusive upon the Grantee and its representatives in respect of any questions arising under the Plan or this Agreement.

  

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 Section 2. Terms and Conditions of Award 
 The grant of Restricted Stock Units provided in Section 1(a) shall be subject to the following terms, conditions and restrictions: 
 (a) Restrictions. The Restricted Stock Units and any interest therein, may not be sold, assigned, transferred, pledged, hypothecated or otherwise
disposed of prior to the lapse of restrictions set forth in this Agreement applicable thereto, as set forth in Section 2(b). The Board may in its discretion, cancel all or any portion of any outstanding restrictions prior to the expiration of
the periods provided under Section 2(b). The period from the date of grant of a Restricted Stock Unit to the date it becomes vested and payable shall be referred to herein as the “Restricted Period.” 
 (b) Lapse of Restrictions. Except as may otherwise be provided herein, the restrictions on transfer set forth in Section 2(a) shall lapse
with respect to [             percent (    %)] of the Restricted Stock Units granted hereunder on [each of the
[                    ] anniversaries of the Grant Date], so long as the Management Agreement is in effect as of the relevant
date. [Performance-based vesting provisions, if applicable.] 
 Notwithstanding the foregoing, the Restricted Stock Units
granted hereunder shall become immediately vested and payable upon termination of the Management Agreement other than for Cause (as defined in the Management Agreement). 
 (c) Form of Payment. Unless otherwise determined by the Board at the time of payment, each Restricted Stock Unit granted hereunder shall represent the right to receive [one share of Stock] [an
amount in cash equal to the Fair Market Value of one share of Stock as of the date of vesting] [a combination of cash and Stock] upon the date on which the restrictions applicable to such Restricted Stock Unit lapse. 
 (d) Dividend Equivalents. The Grantee shall be entitled to the payment of a Dividend Equivalent as of each date (a “Dividend Date”) on
which cash dividends and/or special dividends and distributions are paid with respect to Stock, provided that the record date with respect to such dividend or distribution occurs within the Restricted Period. Such Dividend Equivalent shall be paid
in the form (whether in cash, Stock or other property) as dividends are paid to the Company’s stockholders and shall equal the quotient obtained by dividing (i) the product of (x) the number of the Restricted Stock Units credited to
such account on the record date for such dividend or distribution and (y) the per share dividend (or distribution value) payable on such Dividend Date, by (ii) the Fair Market Value of a share of Stock as of such Dividend Date. 

 

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 (e) Issuance of Certificate. In the event that shares of Stock are to be issued upon any lapse of
restrictions relating to the Restricted Stock Units, the Company shall issue to the Grantee a stock certificate representing such shares of Stock. 
 (f) Forfeiture of Units. Restricted Stock Units forfeited pursuant to this Agreement shall be transferred to, and reacquired by, the Company without payment of any consideration by the Company, and neither the Grantee nor any of the
Grantee’s successors or assigns shall thereafter have any further rights or interests in such units. 
 Section 3. Miscellaneous 

(a) Notices. Any and all notices, designations, consents, offers, acceptances and any other communications provided for herein shall be given in
writing and shall be delivered either personally or by registered or certified mail, postage prepaid, which shall be addressed, in the case of the Company to the [Corporate Counsel of the Company] at the principal office of the Company and,
in the case of the Grantee, to Grantee’s [Corporate Counsel]. 
 (b) No Right to Continued Service. Nothing in the Plan or
in this Agreement shall confer upon the Grantee any right to continue in the service of the Company or shall interfere with or restrict in any way the right of the Company, which is hereby expressly reserved, to terminate the Management Agreement at
any time for any reason whatsoever, with or without Cause. 
 (c) Bound by Plan. By signing this Agreement, the Grantee acknowledges
that its authorized representative has received a copy of the Plan and has had an opportunity to review the Plan and agrees to bind the Grantee with respect to all the terms and provisions of the Plan. 
 (d) Successors. The terms of this Agreement shall be binding upon and inure to the benefit of the Company, its successors and assigns, and of the
Grantee and its successors and assigns. 
 (e) Invalid Provision. The invalidity or unenforceability of any particular provision
thereof shall not affect the other provisions hereof, and this Agreement shall be construed in all respects as if such invalid or unenforceable provision had been omitted. 
  

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 (f) Modifications. No change, modification or waiver of any provision of this Agreement shall be
valid unless the same be in writing and signed by the parties hereto. 
 (g) Entire Agreement. This Agreement and the Plan contain the
entire agreement and understanding of the parties hereto with respect to the subject matter contained herein and therein and supersede all prior communications, representations and negotiations in respect thereto. 
 (h) Governing Law. This Agreement and the rights of the Grantee hereunder shall be construed and determined in accordance with the laws of the
State of Maryland. 
 (i) Headings. The headings of the Sections hereof are provided for convenience only and are not to serve as a
basis for interpretation or construction, and shall not constitute a part, of this Agreement. 
 (j) Counterparts. This Agreement may
be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
  

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 IN WITNESS WHEREOF, this Agreement has been executed and delivered by the parties hereto as of the
             day of                     ,
20    . 
  

			
	QUADRA REALTY TRUST, INC.
		
	By:	 	  

	Its:	 	  

	
	HYPO REAL ESTATE CAPITAL CORPORATION
		
	By:	 	  

	Its:	 	  

  

 5Form of Non-Qualified Stock Option Agreement (under Manager Equity Plan)

 Exhibit 10.11 
 FORM OF QUADRA REALTY TRUST, INC. 
 MANAGER EQUITY PLAN 
 NON-QUALIFIED STOCK OPTION AGREEMENT 
 THIS STOCK OPTION AGREEMENT (the “Agreement”), dated as of [                    ], 20[    ], is
made by and between Quadra Realty Trust, Inc., a Maryland corporation (the “Company”), and Hypo Real Estate Capital Corporation, a Delaware corporation (the “Optionee”). 
 WHEREAS, the Company has adopted the Quadra Realty Trust, Inc. Manager Equity Plan (the “Plan”), pursuant to which options may be granted to
purchase Stock (as defined in the Plan); 
 WHEREAS, the Optionee is providing bona fide services to the Company on the date of this
Agreement; 
 WHEREAS, the Company desires to grant to the Optionee a stock option to purchase the number of shares of Stock provided for
herein; 
 NOW, THEREFORE, in consideration of the recitals and the mutual agreements herein contained, the parties hereto agree as follows:

 Section 1. Grant of Option 
 (a)
Grant of Option. The Company hereby grants to the Optionee an Option to purchase [            ] shares of Stock on the terms and conditions set forth in this Agreement and as
otherwise provided in the Plan. 
 (b) Incorporation of Plan. The provisions of the Plan are hereby incorporated herein by reference.
Except as otherwise expressly set forth herein, this Agreement shall be construed in accordance with the provisions of the Plan and any capitalized terms not otherwise defined in this Agreement shall have the definitions set forth in the Plan. The
Board shall have final authority to interpret and construe the Plan and this Agreement and to make any and all determinations under them, and its decision shall be binding and conclusive upon the Optionee and his/her legal representative in respect
of any questions arising under the Plan or this Agreement. 

 Section 2. Terms and Conditions of Option 
 (a) Exercise Price. The price at which the Optionee shall be entitled to purchase shares of Stock upon the exercise of all or any portion of the
Option shall be $[            ] per share. 
 (b) Expiration Date.
The Option shall expire at the close of business on the [tenth] anniversary of the date of this Agreement. 
 (c) Exercisability of
Option. 
 (i) Subject to the other terms of this Agreement regarding the vesting and exercisability of the Option, the
Option shall become vested and exercisable as of the dates set forth below for the cumulative percentages of shares of Stock set forth below, provided the Management Agreement is in effect as of each such date: 
  

			
	 Date
	  	 Percentage of Shares

	[                    ]	  	[            ]
	[                    ]	  	[            ]
	[                    ]	  	[            ]
	[                    ]	  	[            ]

 [Performance-based vesting goals, if applicable.] 
 The Board may, but shall not be required to, provide at any time for the acceleration of the schedule set forth above. 
 (ii) Notwithstanding any other provision of this Agreement, the Option shall become fully vested and exercisable as of the date on which
the Management Agreement is terminated other than for Cause (as defined in the Management Agreement. 
 (d) Method of Exercise. The
Option may be exercised only by written notice in such form as the Company may adopt from time to time, delivered in person or by mail in accordance with Section 3(a) and accompanied by payment therefor or pursuant to such other procedure as the
Company may adopt from time to time. The exercise price for Stock subject to the Option may be paid in cash or by an exchange of Stock previously owned by the Optionee, through a “broker cashless exercise” procedure approved by the Board
or a combination of the above, in any case in an amount having a combined value equal to such exercise price; provided that the Board may require that any Stock exchanged by the Optionee have been owned by the Optionee for at least six months as of
the date of exercise. An Award Agreement may provide that the Optionee may pay all or a portion of the aggregate exercise price by having shares of Stock with 

  

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a Fair Market Value on the date of exercise equal to the aggregate exercise price withheld by the Company. [A minimum of 100 shares of Stock must be
purchased upon the exercise of the Option unless a lesser number of shares of Stock so purchased constitutes the total number of shares of Stock then purchasable under the Option.] 
 (e) Exercise Following Termination of Management Agreement. In the event that the Management Agreement is terminated, that portion of the Option
that is not or does not become then exercisable shall immediately terminate and that portion of the Option that is or becomes exercisable at the time of the Optionee’s termination of service shall terminate as follows: 
 (i) If the Management Agreement is terminated other than for Cause (as defined in the Management Agreement, the Option shall be
exercisable for a period of [six months] following such termination, and shall thereafter terminate; and 
 (ii)
If the Optionee’s termination of service to the Company is for Cause, the Option shall terminate in full as of the date of such termination of service. 
 Notwithstanding the foregoing, no provision in this Section 2(e) shall extend the exercise period of an Option beyond its original term set forth in Section 2(b). 
 (f) Nontransferability. The Option shall not be transferable by the Optionee. 
 (g) Rights as a Stockholder. The Optionee shall not be deemed for any purpose to be the owner of any shares of Stock subject to the Option unless,
until and to the extent that (i) the Option shall have been exercised pursuant to its terms, (ii) the Company shall have issued and delivered to the Optionee the shares of Stock for which the Option shall have been exercised, and
(iii) the Optionee’s name shall have been entered as a stockholder of record with respect to such shares of Stock on the books of the Company. 
 Section 3. Miscellaneous 
 (a) Notices. Unless otherwise determined by the Board, any and all notices,
designations, consents, offers, acceptances and any other communications provided for herein shall be given in writing and shall be delivered either personally or by registered or certified mail, postage prepaid, which shall be addressed, in the
case of the Company to the [Corporate Counsel of the Company] at the principal office of the Company and, in the case of the Optionee, to Optionee’s [Corporate Counsel]. 
 (b) No Right to Continued Service. Nothing in the Plan or in this Agreement shall confer upon the Optionee any right to continue in the service of
the Company or shall interfere with or restrict in any way the right of the Company, which is hereby expressly reserved, to terminate the Management Agreement for any reason whatsoever, with or without Cause. 
  

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 (c) Bound by Plan. By signing this Agreement, the Optionee acknowledges that its authorized
representative has received a copy of the Plan and has had an opportunity to review the Plan and agrees to bind the Optionee with respect to all the terms and provisions of the Plan. 
 (d) Successors. The terms of this Agreement shall be binding upon and inure to the benefit of the Company, its successors and assigns, and of the
Optionee and its successors and assigns. 
 (e) Validity/Invalidity. The invalidity or unenforceability of any particular provision
hereof shall not affect the other provisions hereof, and this Agreement shall be construed in all respects as if such invalid or unenforceable provision had been omitted. 
 (f) Modifications. No adverse change or modification of any provision of this Agreement shall be valid, and no waiver of any provision of this Agreement shall be valid, unless the same be in writing and signed
by the parties hereto. 
 (g) Entire Agreement. This Agreement and the Plan contain the entire agreement and understanding of the
parties hereto with respect to the subject matter contained herein and therein and supersede all prior communications, representations and negotiations in respect thereto. 
 (h) Governing Law. This Agreement and the rights of the Optionee hereunder shall be construed and determined in accordance with the laws of the
State of Maryland. 
 (i) Headings. The headings of the Sections hereof are provided for convenience only and are not to serve as a
basis for interpretation or construction, and shall not constitute a part, of this Agreement. 
 (j) Counterparts. This Agreement may
be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
  

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 IN WITNESS WHEREOF, this Agreement has been executed and delivered by the parties hereto on the
             day of                     ,
20    . 
  

			
	QUADRA REALTY TRUST, INC.
		
	By:	 	  

	Its	 	  

	
	HYPO REAL ESTATE CAPITAL CORPORATION
		
	By:	 	  

	Its	 	  

  

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