SEC Contract Filing

Filing Date: 2020-11-05

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>3
<FILENAME>hhc-20200930ex10x4.htm
<DESCRIPTION>EXHIBIT 10.4
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
 <!-- Document created using Wdesk 1 -->
 <!-- Copyright 2020 Workiva -->
 <title>Exhibit</title>
	</head>
	<body><div style="font-family:Times New Roman;font-size:10pt;">
<div><a name="sC9373C4DA63BA7773DAF8A6944C04403"></a></div><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">EXHIBIT 10.4</font></div></div><div><br></div><div style="line-height:138%;padding-bottom:13px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">THE HOWARD HUGHES CORPORATION</font></div><div style="line-height:138%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">AMENDMENT NO. 1 TO RESTRICTED STOCK AGREEMENTS</font></div><div style="line-height:138%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:138%;text-align:justify;text-indent:312px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">THIS AMENDMENT NO. 1 TO RESTRICTED STOCK AGREEMENTS (this &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Amendment</font><font style="font-family:inherit;font-size:11pt;">&#8221;), dated as of November 4, 2020, is entered into by and between The Howard Hughes Corporation, a Delaware corporation (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Company</font><font style="font-family:inherit;font-size:11pt;">&#8221;), and Peter F. Riley</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">&#32;</font><font style="font-family:inherit;font-size:11pt;">(&#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Grantee</font><font style="font-family:inherit;font-size:11pt;">&#8221;). </font></div><div style="line-height:138%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:138%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">RECITALS</font></div><div style="line-height:138%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:138%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:11pt;">, the Company and Grantee entered into that certain time and performance-based Restricted Stock Agreement, dated as of February 25, 2016 (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Restricted Stock Agreement</font><font style="font-family:inherit;font-size:11pt;">&#8221;);</font></div><div style="line-height:138%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:138%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:11pt;">, the Company and Grantee entered into those certain time-based Restricted Stock Agreements, dated as of February 23, 2017; February 16, 2018; February 20, 2019; and February 12, 2020 (each, a &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Time-Based Restricted Stock Agreement</font><font style="font-family:inherit;font-size:11pt;">&#8221;); and</font></div><div style="line-height:138%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:138%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:11pt;">, the Company and Grantee desire to amend the terms of (a) the Restricted Stock Agreement to provide for the immediate vesting of all restricted shares that are not part of the Company-based Vesting Component (as defined in the Restricted Stock Agreement) in the event of the death or disability of Grantee and (b) each Time-Based Restricted Stock Agreement to provide for the immediate vesting of the Time-based Vesting Component in the event of the death or disability of Grantee.</font></div><div style="line-height:138%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:138%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">NOW, THEREFORE</font><font style="font-family:inherit;font-size:11pt;">, in consideration of good and valuable consideration, the receipt of which is hereby acknowledged, the Company and Grantee hereby agree as follows:</font></div><div style="line-height:138%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:138%;padding-left:48px;text-align:justify;text-indent:0px;"><font style="text-align:justify;font-family:inherit;font-size:11pt;padding-right:42px;">1.</font><font style="font-family:inherit;font-size:11pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Capitalized Terms</font><font style="font-family:inherit;font-size:11pt;">. Capitalized terms not otherwise defined herein shall have the same meanings as in the Restricted Stock Agreement, each Time-Based Restricted Stock Agreement or The Howard Hughes Corporation Amended and Restated 2010 Incentive Plan (the &#8220;</font>