SEC Contract Filing

Filing Date: 2015-11-02

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>4
<FILENAME>nrf-8xk11022015exhibit101.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<a name="s72B67240F1CF54BD85C2F60436B85E76"></a><div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Exhibit 10.1</font></div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXECUTION VERSION</font></div></div><br><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">THIS AMENDED AND RESTATED ASSET MANAGEMENT AGREEMENT</font><font style="font-family:inherit;font-size:12pt;">&#32;(the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;), dated as of October 31, 2015, is entered into by and between NORTHSTAR REALTY FINANCE CORP., a Maryland corporation (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">NRF</font><font style="font-family:inherit;font-size:12pt;">&#8221;), and NSAM J-NRF LTD, a Jersey limited company (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Asset Manager</font><font style="font-family:inherit;font-size:12pt;">&#8221;). Each capitalized term used in this Agreement shall have the meaning ascribed to such term in </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Schedule A</font><font style="font-family:inherit;font-size:12pt;">. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">RECITALS</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, on June 30, 2014 (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Initial Effective Date</font><font style="font-family:inherit;font-size:12pt;">&#8221;), in connection with the spin-off of NRF&#8217;s asset management business, NRF retained Asset Manager as its exclusive provider of management and related services on the terms and conditions set forth in the Asset Management Agreement, dated as of June 30, 2014, between NRF and Asset Manager (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Original Management Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;); and</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, NRF has announced a spin-off of its European real estate business to NorthStar Realty Europe Corp. (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">NRE</font><font style="font-family:inherit;font-size:12pt;">&#8221;) and, immediately upon the distribution effectuating the spin-off, NRF and Asset Manager desire to amend and restate the Original Management Agreement on the terms and conditions hereinafter set forth.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereby agree as follows:</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:16px;text-align:justify;text-indent:48px;"><font style="padding-bottom:16px;text-align:justify;font-family:inherit;font-size:12pt;font-weight:bold;padding-right:48px;">1.</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Duties of Asset Manager</font><font style="font-family:inherit;font-size:12pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;padding-left:48px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">NRF hereby appoints Asset Manager as of the Effective Time to continue to act as its asset manager and attorney-in-fact under the terms of this Agreement. Asset Manager shall provide, either directly or through its Affiliates (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Affiliated Entities</font><font style="font-family:inherit;font-size:12pt;">&#8221;) or, to the extent permitted under this Agreement through third parties, acquisition, disposition, financing, portfolio management, property management, construction, development, stockholder services, communication, offering, corporate governance, overhead and other administrative services, such as accounting and investor relations, to NRF and its subsidiaries and other similar services as may be agreed to from time to time by the parties in writing (the services to be provided, collectively referred to as the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Services</font><font style="font-family:inherit;font-size:12pt;">&#8221;), including those described on </font><font style="font-family:inherit;font-size:12pt;font-weight:bol