Document:

EX-10.06

 Exhibit 10.06 

DATE                     

NAME 
 Dear FIRST NAME: 

In satisfaction of the initial RSU Pool Award granted to you on March 8, 2017 under the FBR & Co. One Year Retention and
Incentive Plan (the “Plan”) pursuant to the Award Letter between you and FBR & Co (“FBR” or the “Company”) dated as March 8, 2017, you have been granted a Restricted Stock Unit
(“RSU”) Award with the terms and conditions set forth in the Plan and this RSU Award Agreement. This RSU Award is being granted pursuant to Section 8 of the 2006 FBR Capital Markets Long-Term Incentive Plan (the “Stock
Plan”). Capitalized terms used herein that are not otherwise defined shall have the meaning given to them in the Plan, a copy of which was attached to the Award Letter. 

Each unit subject to the RSU Award represents the right to receive one share of the common stock of FBR, subject to the terms and conditions
set forth herein and in the Plan and otherwise subject to the Stock Plan. A copy of the Stock Plan and a document constituting part of a prospectus covering the Company common stock underlying the RSUs are available upon request to the Human
Resources Department. 
 Grant Date: March 8, 2017 

Number of Units Subject to RSU Award: QUANTITY 

Restriction Period: The restriction period is the vesting or waiting period before you have full ownership of your units of the Company
common stock. This RSU Award will have a restriction period that will lapse on March 8, 2018, subject to your continued employment with the Company through such date. Section 7(a) of the Plan sets forth your rights to accelerated vesting
of all or a pro-rata portion of your RSU Award in the event of certain terminations of employment prior to March 8, 2018. 

Settlement of Units: As soon as practicable (and in any event within 55 days) after the restriction period lapses (but no later than
March 15 of the year following the year in which the RSUs vest) and after satisfaction of your tax obligation (as described in the “Taxes” section below), the Company will issue shares of its common stock to you (or, in the
Committee’s discretion, a cash payment based on the per share “fair market value” (as defined in the Stock Plan) will be paid to you) in settlement of the vested RSUs and you will have full ownership rights in those shares. The number
of shares that will be issued will equal the number of RSUs that vest. 
 Dividend Equivalents: If FBR chooses to pay a dividend, you
will be entitled to receive cash payments equivalent to any cash, stock or other property dividends that are paid on shares of the Company’s common stock during the period beginning on the Grant Date and ending on the earlier of (a) the
date that you vest in the RSUs or (b) the date that you forfeit the RSUs. Your right to receive these dividend equivalents, if any, is subject to the same vesting requirements that apply to the RSUs. Any dividends that are payable to you will
be paid at the same time that shares of Company common stock are issued (or, in the Committee’s discretion, cash is paid) in settlement of your RSUs. Such payments will be treated as compensation reportable on your Form W-2 (rather than as
dividend income). 

 Shareholder Rights: You will not have any rights as a shareholder of the Company with
respect to the RSUs. You will have rights as a shareholder, including the right to vote and receive dividends, on and after the date that the Company issues shares of its common stock in settlement of vested RSUs. 

Change in Control: In the event of a Change in Control, you will have the rights set forth in Section 6(a)(iii) of the Plan, which
provides for the full and immediate vesting of the RSU Award on the date of your separation from service by the Company without Cause or by you for Good Reason, in either case, during the two-year period following a Change in Control.
Notwithstanding anything contained in the Stock Plan, the provisions of Section 11.4 of the Stock Plan shall be inapplicable to this RSU Award. 

If You Leave FBR: If you leave FBR before the end of the restriction period, you will forfeit the RSU Award, except as otherwise
provided in Section 6(a) of the Plan in the event of certain terminations of employment prior to March 8, 2018. 
 Taxes:
You are strongly advised to consult with your own tax professional concerning the tax implications of your RSU Award based on your particular circumstances. FBR cannot provide you with tax advice. RSUs differ from other forms of
incentive compensation in many ways, including how they are treated for tax purposes. Generally, in the U.S., you will not be taxed at the time of the grant. However, upon settlement of the RSU Award, the value of the Company common stock and any
cash or other property issued or paid to you is taxed as ordinary income and you are required to pay taxes at that time. The shares will not be released until payment for the taxes is received. FBR will provide you with instructions for making
payments closer to your vesting date. 
 Grant Acceptance: Please acknowledge your acceptance of your RSU Award, your receipt
of a copy of the Plan and your agreement with all terms and conditions thereunder, by signing below where indicated and returning this RSU Award Agreement to Jennifer Kramer by March 31, 2017. 

Please contact Gavin Beske at (703) 312-9568 if you have any questions. 

 

	
	/s/ Richard J. Hendrix
	Richard J. Hendrix
	President & CEO, FBR & Co.

  

			
	 Accepted and agreed as of
 March
    , 2017

		
	By: 	 	 
	Name:Exhibit

Exhibit 4.3
KBS LEGACY PARTNERS APARTMENT REIT, INC. 
FOURTH AMENDED AND RESTATED DIVIDEND REINVESTMENT PLAN
Adopted March 9, 2017
KBS Legacy Partners Apartment REIT, Inc., a Maryland corporation (the “Company”), has adopted a Fourth Amended and Restated Dividend Reinvestment Plan (the “DRP”), the terms and conditions of which are set forth below. Capitalized terms shall have the same meaning as set forth in the Company’s charter unless otherwise defined herein. 
1. Number of Shares Issuable. The number of shares of Common Stock authorized for issuance under the DRP is 80,000,000. 
2. Participants. “Participants” are holders of the Company’s shares of Common Stock who elect to participate in the DRP. 
3. Dividend Reinvestment. Exclusive of dividends and other distributions that the Company’s board of directors designates as ineligible for reinvestment through this DRP, the Company will apply that portion (as designated by a Participant) of the dividends and other distributions (“Distributions”) declared and paid in respect of a Participant’s shares of Common Stock to the purchase of additional shares of Common Stock for such Participant. Such shares will be sold through the broker-dealer and/or dealer manager through whom the Company sold the underlying shares to which the Distributions relate unless the Participant makes a new election through a different distribution channel. The Company will not pay selling commissions on shares of Common Stock purchased in the DRP. 
4. Procedures for Participation. Qualifying stockholders may elect to become Participants, or to increase participation in the DRP, by completing and executing the Subscription Agreement, an enrollment form or any other Company-approved authorization form as may be available from the Company, the dealer manager or participating broker-dealers. Participation in the DRP will begin with the next Distribution payable after receipt of a Participant’s Subscription Agreement, enrollment form or other Company-approved authorization form. Shares will be purchased under the DRP on the date that the Company makes a Distribution. Distributions will be paid upon the terms as authorized and declared by the Company’s board of directors. 
5. Purchase of Shares. Participants will acquire Common Stock at a price equal to 95% of the estimated value of the Company’s Common Stock, as estimated by the Company’s advisor or other firm chosen by the board of directors for that purpose. Participants in the DRP may purchase fractional shares so that 100% of the Distributions will be used to acquire shares. However, a Participant will not be able to acquire shares under the DRP to the extent such purchase would cause it to exceed limits set forth in the Company’s charter, as amended. 
6. Taxation of Distributions. The reinvestment of Distributions in the DRP does not relieve Participants of any taxes that may be payable as a result of those Distributions and their reinvestment pursuant to the terms of this DRP. 

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7. Share Certificates. The shares issuable under the DRP shall be uncertificated until the board of directors determines otherwise. 
8. Voting of DRP Shares. In connection with any matter requiring the vote of the Company’s stockholders, each Participant will be entitled to vote all shares acquired by the Participant through the DRP. 
9. Reports. Within 90 days after the end of the calendar year, the Company shall provide each Participant with (i) an individualized report on the Participant’s investment, including the purchase date(s), purchase price and number of shares owned, as well as the amount of Distributions received during the prior year; and (ii) all material information regarding the DRP and the effect of reinvesting dividends, including the tax consequences thereof. The Company shall provide such information reasonably requested by the dealer manager or a participating broker-dealer, in order for the dealer manager or participating broker-dealer to meet its obligations to deliver written notification to Participants of the information required by Rule 10b-10(b) promulgated under the Securities Exchange Act of 1934. In the event that the DRP is amended in accordance with Section 11 hereof, the DRP, as amended, must provide that all material information regarding Distributions and the effect of reinvesting such Distributions, including tax consequences thereof, shall be provided to Participants at least annually. 
10. Termination by Participant. A Participant may terminate participation in the DRP at any time by delivering to the Company a written notice. To be effective for any Distribution, such notice must be received by the Company at least four business days prior to the last business day of the month to which the Distribution relates. Notwithstanding the preceding sentence, if the Company publicly announces in a filing with the Securities and Exchange Commission a new estimated value per share of its Common Stock, then a Participant shall have no less than two business days after the date of such announcement to notify the Company in writing of Participant’s termination of participation in the DRP and Participant’s termination will be effective for the next date shares are purchased under the DRP. Any transfer of shares by a Participant will terminate participation in the DRP with respect to the transferred shares. Upon termination of DRP participation, Distributions will be distributed to the stockholder in cash. 
11. Amendment or Termination of DRP by the Company. The Company may amend or terminate the DRP for any reason upon ten days’ notice to the Participants. The Company may provide notice by including such information (a) in a Current Report on Form 8-K or in its annual or quarterly reports, all publicly filed with the Securities and Exchange Commission; or (b) in a separate mailing to Participants. 
12. Liability of the Company. The Company shall not be liable for any act done in good faith, or for any good faith omission to act. 
13. Governing Law. The DRP shall be governed by the laws of the State of Maryland.

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