SEC Contract Filing

Filing Date: 2022-08-15

Document Content:
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<TYPE>EX-10.2
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<FILENAME>ex_405773.htm
<DESCRIPTION>EXHIBIT 10.2
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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 8pt;"><b>Exhibit 10.2</b></p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt 0pt 0pt 8pt;"><b>MOBILE INFRASTRUCTURE CORPORATION AND </b></p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt 0pt 0pt 8pt;"><b>MOBILE INFRA OPERATING PARTNERSHIP, L.P.</b></p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt 0pt 0pt 8pt;"><b>FORM OF LTIP UNIT AGREEMENT</b></p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 8pt; text-indent: 36pt; text-align: justify;">In consideration of the mutual agreements set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Mobile Infra Operating Partnership, L.P., a Maryland limited partnership (the &#8220;<b><i>Partnership</i></b>&#8221;), hereby issues to [_________] (the &#8220;<b><i>Participant</i></b>&#8221;), as of [______], an award (the &#8220;<b><i>Award</i></b>&#8221;) of LTIP Units pursuant to the terms of this LTIP Unit Agreement (this &#8220;<b><i>Agreement</i></b>&#8221;). The LTIP Units constitute Profits Interest Units as defined below.</p>

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 <b>DEFINITIONS</b></p>
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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 8pt; text-indent: 36pt; text-align: justify;">The capitalized terms below shall have the following meanings for purposes of this Agreement. Capitalized terms not defined herein shall have the meanings given to them in the Partnership Agreement.</p>

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 <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">1.1. &#8220;<b><i>Administrator</i></b>&#8221;&nbsp;All LTIP Unit Awards made hereunder shall be administered by the Compensation Committee of the Board.&nbsp;&nbsp;The Administrator may from time to time adopt any rules or procedures it deems necessary or desirable for the proper and efficient administration of Awards, consistent with the terms hereof.&nbsp;&nbsp;The Administrator&#8217;s determinations and interpretations with respect to an Award hereunder and this Agreement shall be final and binding on all parties.</p>
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 <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">1.2. &#8220;<b><i>Board</i></b>&#8221;&nbsp;shall mean the Board of Directors of the Company.</p>
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 <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">1.3. &#8220;<b><i>Company</i></b>&#8221;&nbsp;shall mean Mobile Infrastructure Corporation, a Maryland corporation.</p>
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 <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">1.4. &#8220;<b><i>Change in Control</i></b>&#8221;&nbsp;sha