SEC Contract Filing

Filing Date: 2020-03-25

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exhibit101blackwells20.htm
<DESCRIPTION>EXHIBIT 10.1
<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="s0CDEAFACF29550A18B800863DF9FBC88"></a></div><div><div style="line-height:130%;padding-bottom:10px;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:130%;padding-bottom:10px;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXECUTION</font></div></div><div><br></div><div style="line-height:173%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">COOPERATION AGREEMENT</font></div><div style="line-height:144%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">This Cooperation Agreement (this &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;) is made and entered into as of March 19, 2020 by and among Colony Capital, Inc., a Maryland corporation (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Company</font><font style="font-family:inherit;font-size:12pt;">&#8221;), Blackwells Capital LLC, a Delaware limited liability company (&#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Investor</font><font style="font-family:inherit;font-size:12pt;">&#8221;) and Jason Aintabi, a citizen of the United States (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Mr. Aintabi</font><font style="font-family:inherit;font-size:12pt;">&#8221; and together with Investor, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">BW Parties</font><font style="font-family:inherit;font-size:12pt;">&#8221;), with respect to the matters set forth below. Each of the Company, Investor and Mr. Aintabi shall be deemed a &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Party</font><font style="font-family:inherit;font-size:12pt;">&#8221; to this Agreement, and collectively, shall be deemed the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Parties</font><font style="font-family:inherit;font-size:12pt;">&#8221;. Capitalized terms used herein and not otherwise defined have the meanings ascribed to them in paragraph 12 below. In consideration of the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto, intending to be legally bound hereby, agree as follows:</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:144%;font-size:12pt;padding-left:0px;"><font style="font-family:inherit;font-size:12pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:144%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Board Composition Matters</font><font style="font-family:inherit;font-size:12pt;">. </font></div></td></tr></table><div style="line-height:144%;text-align:justify;padding-left:24px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:42px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:144%;font-size:12pt;padding-left:18px;"><font style="font-family:inherit;font-size:12pt;">a)</font></div></td><td style="vertical-align:top;"><div style="line-height:144%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Size of Board</font><font style="font-family:inherit;font-size:12pt;">. As promptly as reasonably practicable following the execution of this Agreement, the Board of Directors of the Company (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Board</font><font style="font-family:inherit;font-size:12pt;">&#8221;) shall take all action necessary to increase the size of the Board to create a vacant seat to be filled by the New Director (as defined below). </font></div></td></tr></table><div style="line-height:144%;text-align:left;padding-left:42px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:42px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:144%;font-size:12pt;padding-left:18px;"><font style="font-family:inherit;font-size:12pt;">b)</font></div></td><td style="vertical-align:top;"><div style="line-height:144%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">New Director</font><font style="font-family:inherit;font-size:12pt;">. The Board shall include Jeannie H. Diefenderfer (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">New Director</font><font style="font-family:inherit;font-size:12pt;">&#8221;) as a nominee for the Board in the proxy statement for the Company&#8217;s 2020 Annual Meeting of Stockholders (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">2020 Annual Meeting</font><font style="font-family:inherit;f