Document:

<PAGE>

                                                                    EXHIBIT 10.6

                       FIRST INDUSTRIAL REALTY TRUST, INC.
                        [1997/2001] STOCK INCENTIVE PLAN

                              NON-EMPLOYEE DIRECTOR
                    FORM OF RESTRICTED STOCK AWARD AGREEMENT

      AGREEMENT, made and entered into as of _______, 200_ by and between the
First Industrial Realty Trust, Inc. [1997/2001] Stock Incentive Plan Committee
(the "Committee") and <<Name>>(the "Grantee").

      WHEREAS, the Grantee has been elected to participate in the First
Industrial Realty Trust, Inc. [1997/2001] Stock Incentive Plan (the "Plan").

      NOW, THEREFORE, in consideration of the premises and mutual covenants
contained herein, and for other good and valuable consideration, First
Industrial Realty Trust, Inc. (the "Company") and the Grantee agree as follows:

      (a)   Grant. Pursuant to the provisions of the Plan, the terms of which
are incorporated herein by reference, the Committee hereby grants to the Grantee
an interest (the "Award") in ______ shares of common stock, par value $.01 per
share, of the Company (the "Shares"). The Award is granted as of _____, 200_
(the "Date of Grant") and such grant is subject to the terms and conditions
contained herein, and the terms and conditions of the Plan.

      (b)   Vesting. The Award shall vest, and the Grantee shall be deemed to
have acquired complete ownership and control over the Award Shares, under the
following circumstances:

            (i)   on July 1 of the third calendar year following the Date of
                  Grant calendar year (e.g. July 1, 200_ for an Award with a
                  July 1, 200_ Date of Grant);

            (ii)  in the event of a Change in Control of the Company, as defined
                  under the Plan;

            (iii) on the January 31 of the year following the year in which the
                  Grantee voluntarily terminates service as a Board member with
                  the Company, as long as the total funds from operations (FFO)
                  or FFO per share of the Company for such year of termination
                  has increased from the FFO or FFO per share for the calendar
                  year immediately preceding the Date of Grant calendar year;

            (iv)  in the event of the involuntary termination of the service of
                  the Grantee as a Board member for any reason; or

            (v)   the Compensation Committee so directs.

<PAGE>

      (a)   Share Delivery. Upon vesting, a share certificate shall be delivered
to the Grantee; provided, however, that the Company shall not be obligated to
issue any Shares hereunder until all applicable securities laws and other legal
and stock exchange requirements have been satisfied. The Grantee shall execute a
stock power in the form attached hereto granting the Company the right to
transfer Award Shares in the event the Grantee does not vest in the Award.

      (b)   Rights of Stockholder. The Grantee shall, by virtue of the Award, be
entitled to receive dividends and vote the Award Shares. The grant of the Award
shall not confer on the Grantee any right with respect to continuance of service
as a Board member with the Company nor shall such grant interfere in any way
with the right of the Company to terminate the Grantee's service as a Board
member at any time.

      (c)   Recapitalizations, Dividends and Adjustments. In the event of any
recapitalization, reclassification, split-up or consolidation of Shares,
separation (including a spin-off), dividend on Shares payable in capital stock
or other similar change in capitalization of the Company, merger or
consolidation of the Company, sale by the Company of all or a portion of its
assets or other similar event, the Committee shall make such appropriate
adjustments in the number and kind of securities, cash or other property which
may be issued pursuant to the Award as is necessary to maintain the
proportionate interest of the Grantee and preserve the value of the Award.

      (d)   Nontransferability. The Award shall not be transferable by the
Grantee except by will or the laws of descent and distribution.

      (e)   Withholding. The Grantee agrees to make appropriate arrangements,
consistent with the provisions of Section 10 of the Plan, with the Company for
satisfaction of any applicable tax withholding requirements, or similar
requirements, arising out of this Agreement.

      (f)   References. References herein to rights and obligations of the
Grantee shall apply, where appropriate, to the Grantee's legal representative or
estate without regard to whether specific reference to such legal representative
or estate is contained in a particular provision of this Agreement. Capitalized
terms referred to herein but not defined shall have the meanings given to them
in the Plan.

      (g)   Notice. Any notice required or permitted to be given under this
Agreement shall be in writing and shall be deemed to have been given when
delivered personally or by courier, or sent by certified or registered mail,
postage prepaid, return receipt requested, duly addressed to the party concerned
at the address indicated below or to such changed address as such party may
subsequently by similar process give notice of:

      If to the Company:      First Industrial Realty Trust, Inc.
                              311 S. Wacker Drive, Suite 4000
                              Chicago, Illinois 60606
                              Attn:  Chief Financial Officer

                                       2
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      If to the Grantee:      <<Name>>
                              <<Company>>
                              <<Address1>>
                              <<City>>, <<State>>  <<PostalCode>>

      (h)   Counterparts. This Agreement may be executed in counterparts, each
of which shall constitute one and the same instrument.

      (i)   Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of New York without reference to the
principles of conflict of laws, except to the extent such law is preempted by
federal law.

      IN WITNESS WHEREOF, the undersigned has executed this Agreement as of
_______, 200_.

                                           FIRST INDUSTRIAL REALTY TRUST, INC.

                                           By: _________________________________

      I hereby acknowledge that I have received a copy of the Plan and am
familiar with the terms and conditions set forth therein. I agree to accept as
binding, conclusive, and final all decisions and interpretations of the
Committee. As a condition to the receipt of the Award, I hereby authorize the
Company to withhold from any regular cash compensation payable to me by the
Company any taxes required to be withheld under any federal, state or local law
as a result of this Award.

                                           GRANTEE

                                           _____________________________________
                                           <<Name>>

                                           Date: _______________________________

                                       3<PAGE>

                                                                    EXHIBIT 10.3

                                 Promissory Note

Borrower:         LightFirst Inc.

Lender:           Richard R. Gritzke

Guarantors:       Martin P. Gilmore and Robert L. Gritzke will be jointly and
                  severally liable for the full amount of indebtedness.

Loan Amount:      $420,000

Start Date:       July 15, 2002

Term:             90 Days

Interest:         10%

Payment:          Principle and interest due in full on due date.

Collateral:       Properties of the guarantors

                  (a) Martin P. Gilmore
                  5701 Silentbrook Lane
                  Rolling Meadows, IL 60008

                  (b) Robert L. Gritzke
                  825 Center Ct Unit 501
                  Des Plaines, IL 60016

Special Conditions:

     1.  Martin P. Gilmore and Robert L. Gritzke warrant that the value of the
         collateral offered minus any loans, leans, encumbrances or indebtedness
         exceed the amount of the loan by 30% and that this ratio will be
         maintained during the term of the loan.

     2.  Both guarantors pledge to repay the loan in full prior to filing for
         bankruptcy.

     3.  This document replaces the previous document entitled "Bridge Loan"
         dated 7/15/2002.

     Document is to be signed by both guarantors and notarized.

     Signed: /s/ MARTIN P. GILMORE             Date:
            ---------------------------------       ------------
                    Martin P. Gilmore

     Signed: /s/ ROBERT L. GRITZKE                  Date:
            ---------------------------------       ------------
                    Robert L. Gritzke

     Notarized: ______________________________ Date: ___________

<PAGE>

                      MODIFICATION AND EXTENSION AGREEMENT

              THIS MODIFICATION AND EXTENSION AGREEMENT ("Agreement") is made as
of the 10th day of October, 2002 by and among LightFirst Inc. ("Borrower"),
Martin P. Gilmore ("First Guarantor"), Robert L. Gritzke ("Second Guarantor"),
and Richard R. Gritzke ("Lender").

                                    RECITALS

              A. Borrower owes the sum of FOUR HUNDRED TWENTY THOUSAND DOLLARS
pursuant to that certain Promissory Note dated July 15, 2002, a copy of which is
attached hereto as Exhibit "A" (hereinafter referred to as the "Note").

              B. Borrower and Guarantors desire to modify and extend the Note
and Lender is willing to do so.

              C. The parties hereto are desirous of entering into this Agreement
and modifying the Note in accordance with the terms and conditions set forth
herein.

                                    AGREEMENT

              NOW THEREFORE, for good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, included but not limited to,
the Recitals above, the parties hereto agree as follows:

              1. Maturity Date Extension. Borrower and Lender agree that the
maturity date of the Note is hereby extended and modified from the 90th day
after July 15, 2002 to June 1, 2003 ("Maturity Date").

              2. Interest. The Note shall continue to bear interest at a rate of
10%.

              3. Payments. Payment of the principle and interest is due in full
on the Maturity Date.

              4. Status of Note and Collateral. This Agreement constitutes a
modification of the Note only with respect to all matters set forth herein. All
of the other terms, covenants, conditions and agreements contained in the Note
shall remain in full force and effect. This Agreement shall not release Borrower
from any liability under the Note.

              5. Binding Effect. This Agreement represents the complete
understanding and entire agreement of the parties as to the subject matter
contained herein, and may not be amended except by a writing executed by both
parties. This Agreement shall be binding upon and inure to the benefit of the
respective heirs, successors and assigns of each of the parties hereto.

              6. Counterparts. This Agreement may be executed in any number of
counterparts each of which shall be deemed an original, but all of which shall
constitute one and the same instrument.

              7. Severability. In the event any one or more of the provisions of
this Agreement or the Note are held to be invalid, illegal or unenforceable in
any respect by any court or other entity

<PAGE>

having the authority to do so, the validity of the remaining provisions hereof
and thereof shall in no way be affected, prejudiced, or disturbed.

              8. Miscellaneous. The titles of the paragraphs hereof are for
reference purposes only and do not constitute part of this Agreement. This
Agreement shall be construed in accordance with and governed by the laws of the
State of Illinois.

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date first above written.

                                     BORROWER
                                     LightFirst Inc., a Delaware corporation

                                     By: /s/ MARTIN P. GILMORE
                                         ---------------------------------
                                          Martin P. Gilmore
                                     Its: President

                                     FIRST GUARANTOR
                                     Martin P. Gilmore

                                     By: /s/ MARTIN P. GILMORE
                                         ---------------------------------
                                          Martin P. Gilmore

                                     SECOND GUARANTOR
                                     Robert L. Gritzke

                                     By: /s/ ROBERT L. GRITZKE
                                         ---------------------------------
                                          Robert L. Gritzke

                                     LENDER
                                     Richard R. Gritzke

                                     By: /s/ ROBERT L. GRITZKE
                                         ---------------------------------
                                          Richard R. Gritzke

<PAGE>

                      MODIFICATION AND EXTENSION AGREEMENT

              THIS MODIFICATION AND EXTENSION AGREEMENT ("Agreement") is made as
of the 30th day of May, 2003 by and among LightFirst Inc. ("Borrower"), Martin
P. Gilmore ("Guarantor"), and Richard R. Gritzke ("Lender").

                                    RECITALS

              A. Borrower owes the sum of FOUR HUNDRED TWENTY THOUSAND DOLLARS
pursuant to that certain Promissory Note dated July 15, 2002, a copy of which is
attached hereto as Exhibit "A" (hereinafter referred to as the "Note").

              B. The maturity date of the Note was extended and modified from
the 90th day after July 15, 2002 to June 1, 2003 in accordance with that certain
Modification and Extension Agreement dated October 10, 2002, a copy of which is
attached hereto as Exhibit "B" (hereinafter referred to as the "Extension").

              C. Borrower and Guarantor desire to modify and extend the Note and
Lender is willing to do so.

              D. The parties hereto are desirous of entering into this Agreement
and modifying the Note in accordance with the terms and conditions set forth
herein.

                                    AGREEMENT

              NOW THEREFORE, for good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, included but not limited to,
the Recitals above, the parties hereto agree as follows:

              1. Maturity Date Extension. Borrower and Lender agree that the
maturity date of the Note, as previously defined in paragraph 1 of the
Extension, is hereby extended and modified from June 1, 2003 to January 2, 2004
("Maturity Date").

              2. Interest. The Note shall continue to bear interest at a rate of
10%.

              3. Payments. Payment of the principle and interest is due in full
on the Maturity Date.

              4. Status of Note and Collateral. This Agreement constitutes a
modification of the Note and the Extension, as previously modified, only with
respect to all matters set forth herein. All of the other terms, covenants,
conditions and agreements contained in the Note and the Extension shall remain
in full force and effect. This Agreement shall not release Borrower from any
liability under the Note or the Extension.

              5. Binding Effect. This Agreement represents the complete
understanding and entire agreement of the parties as to the subject matter
contained herein, and may not be amended except by a writing executed by both
parties. This Agreement shall be binding upon and inure to the benefit of the
respective heirs, successors and assigns of each of the parties hereto.

<PAGE>

              6. Counterparts. This Agreement may be executed in any number of
counterparts each of which shall be deemed an original, but all of which shall
constitute one and the same instrument.

              7. Severability. In the event any one or more of the provisions of
this Agreement or the Note are held to be invalid, illegal or unenforceable in
any respect by any court or other entity having the authority to do so, the
validity of the remaining provisions hereof and thereof shall in no way be
affected, prejudiced, or disturbed.

              8. Miscellaneous. The titles of the paragraphs hereof are for
reference purposes only and do not constitute part of this Agreement. This
Agreement shall be construed in accordance with and governed by the laws of the
State of Illinois.

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date first above written.

                                   BORROWER
                                   LightFirst Inc., a Delaware corporation

                                   By: /s/ MARTIN P. GILMORE
                                       ---------------------------------
                                        Martin P. Gilmore
                                   Its: President

                                   GUARANTOR
                                   Martin P. Gilmore

                                   By: /s/ MARTIN P. GILMORE
                                       ---------------------------------
                                       Martin P. Gilmore

                                   LENDER
                                   Richard R. Gritzke

                                   By: /s/ RICHARD R. GRITZKE
                                       ---------------------------------
                                       Richard R. Gritzke
<PAGE>

                      MODIFICATION AND EXTENSION AGREEMENT

         THIS MODIFICATION AND EXTENSION AGREEMENT ("Agreement") is made as of
the 2nd day of January, 2004 by and among LightFirst Inc. ("Borrower"), Martin
P. Gilmore ("Guarantor"), and Richard R. Gritzke ("Lender").

                                    RECITALS

         A. Borrower owes the sum of SIX HUNDRED TWENTY THOUSAND DOLLARS
pursuant to two promissory notes: the Promissory Note (the "First Note") dated
July 15, 2002 in the amount of Four Hundred Twenty Thousand Dollars, and the
Promissory Note (the "Second Note") dated November 2, 2002, in the amount of Two
Hundred Thousand Dollars. The First Note and the Second Note are hereinafter
referred to collectively as the "Notes".

         B. The maturity date of the First Note was extended and modified from
the 90th day after July 15, 2002 to January 2, 2004 in accordance with that
certain Modification and Extension Agreement dated May 30, 2003. The maturity
date of the Second Note was extended and modified from the 90th day after
November 2, 2002 to January 2, 2004 in accordance with that certain Modification
and Extension Agreement dated May 30, 2003.

         C. Borrower and Guarantor desire to modify and extend the Note and
Lender is willing to do so.

         D. The parties hereto are desirous of entering into this Agreement and
modifying the Note in accordance with the terms and conditions set forth herein.

                                    AGREEMENT

         NOW THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, included but not limited to, the
Recitals above, the parties hereto agree as follows:

         1. Maturity Date Extension. Borrower and Lender agree that the maturity
date of the Note, as previously defined in paragraph 1 of the Extension, is
hereby extended and modified from January 2, 2004 to January 1, 2005 ("Maturity
Date").

         2. Interest. The Note shall continue to bear interest at a rate of 10%.

         3. Payments. Payment of the principle and interest is due in full on
the Maturity Date.

         4. Status of Note and Collateral. This Agreement constitutes a
modification of the Note and the Extension, as previously modified, only with
respect to all matters set forth herein. All of the other terms, covenants,
conditions and agreements contained in the Note and the Extension shall remain
in full force and effect. This Agreement shall not release Borrower from any
liability under the Note or the Extension.

         5. Binding Effect. This Agreement represents the complete understanding
and entire agreement of the parties as to the subject matter contained herein,
and may not be amended except by a writing executed by both parties. This
Agreement shall be binding upon and inure to the benefit of the respective
heirs, successors and assigns of each of the parties hereto.

<PAGE>

         6. Counterparts. This Agreement may be executed in any number of
counterparts each of which shall be deemed an original, but all of which shall
constitute one and the same instrument.

         7. Severability. In the event any one or more of the provisions of this
Agreement or the Note are held to be invalid, illegal or unenforceable in any
respect by any court or other entity having the authority to do so, the validity
of the remaining provisions hereof and thereof shall in no way be affected,
prejudiced, or disturbed.

         8. Miscellaneous. The titles of the paragraphs hereof are for reference
purposes only and do not constitute part of this Agreement. This Agreement shall
be construed in accordance with and governed by the laws of the State of
Illinois.

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date first above written.

                                 BORROWER
                                 LightFirst Inc., a Delaware corporation

                                 By:  /s/ Martin P. Gilmore
                                      ------------------------------------------
                                      Martin P. Gilmore
                                 Its: President

                                 GUARANTOR
                                 Martin P. Gilmore

                                 By:  /s/ Martin P. Gilmore
                                      ------------------------------------------
                                      Martin P. Gilmore

                                 LENDER
                                 Richard R. Gritzke

                                 By:  /s/ Richard R. Gritzke
                                      ------------------------------------------
                                      Richard R. Gritzke

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