Common use of Duties of Position Clause in Contracts

Duties of Position. During the Employment Period, Executive shall serve as an Executive Vice President/Managing Director of Mezzanine Lending of the Company. Executive's duties shall include, without limitation, managing the Company's mezzanine real estate lending business as to maximize risk adjusted returns to the Company, including formulating and implementing the overall business strategy, sourcing, pricing, originating and acquiring investments in mezzanine loans, loan participations, "B" notes and other subordinate real estate debt and preferred equity investments; implementing and supervising asset management for the Company's mezzanine loan/subordinate debt portfolio. Executive shall perform such duties and responsibilities, consistent with Executive's title, training and experience, as are from time to time reasonably assigned to Executive by the Chief Executive Officer of the Company. Executive shall report directly to the Chief Executive Officer of the Company. Executive agrees to devote all of Executive's business time, attention and energies to the performance of the duties assigned to Executive hereunder, and to perform such duties faithfully, diligently and to the best of Executive's abilities and subject to such laws, rules, regulations and policies from time to time applicable to the Company's employees. The Company may assign all or a portion of its rights and obligations under this agreement to any of its affiliates or enter into an agreement with any of its affiliates that provides that Executive will perform services on behalf of such affiliate and Executive agrees to provide such services, as directed by the Company.

Duties of Position. During the Employment Period, Executive shall serve as an Executive Vice President/Managing Director of Mezzanine Lending , Chief Financial Officer & Treasurer of the Company. Executive's ’s duties shall include, without limitation, managing the Company's mezzanine real estate lending business as to maximize risk adjusted returns to the Company, including formulating and implementing the overall business strategy, sourcing, pricing, originating and acquiring investments in mezzanine loans, loan participations, "B" notes and other subordinate real estate debt and preferred equity investments; implementing and supervising asset management primary responsibility for the Company's mezzanine loan/subordinate ’s financial functions, including all accounting, financial reporting, treasury, budgeting, forecasting and planning, including responsibility for the Company’s earnings model; oversight responsibility of real estate investment trust compliance, investor relations, research, risk management, information technology systems and functions, benefits and payroll; and involvement in all equity and debt portfoliofinancings, together with such other reasonable assignments as may be assigned to him from time to time by the Board. Executive shall perform such duties and responsibilities, consistent with the preceding sentence and with Executive's ’s title, training and experience, as are from time to time reasonably assigned to Executive by the Board or the Company’s Chief Executive Officer of the Company. Executive shall report directly to the Chief Executive Officer of the CompanyOfficer. Executive agrees to devote substantially all of Executive's ’s business time, attention and energies to the performance of the duties assigned to Executive hereunder, and to perform such duties faithfully, diligently and to the best of Executive's ’s abilities and subject to such laws, rules, regulations and policies from time to time applicable to the Company's ’s employees. The Company may assign all or a portion of its rights and obligations under this agreement to any of its affiliates or enter into an agreement with any of its affiliates that provides that Executive will perform services on behalf of such affiliate and Executive agrees to provide such services, as directed by the Company.

Duties of Position. During the Employment Period, Executive shall serve as an Executive Vice President/Managing Director President of Mezzanine Lending the Company and head of the Company’s real estate debt business. Executive's ’s duties shall include, without limitation, managing the Company's mezzanine ’s real estate lending debt business and third party capital raised for the Company’s real estate debt business as to maximize risk adjusted returns to the Company, including formulating and implementing the overall business strategy, sourcing, pricing, originating and acquiring investments in first mortgage loans, mezzanine loans, loan participations, "“B" notes ” notes, certain bank loans and other subordinate structured real estate debt and preferred equity investments; implementing and supervising asset management for the Company's mezzanine loan/subordinate ’s debt portfolioportfolio concerning these investments. Executive shall perform such duties and responsibilities, consistent with Executive's ’s title, training and experience, as are from time to time reasonably assigned to Executive by the Chief Executive Officer of the Company. Executive shall report directly to the Chief Executive Officer of the Company. Executive agrees to devote all of Executive's ’s business time, attention and energies to the performance of the duties assigned to Executive hereunder, and to perform such duties faithfully, diligently and to the best of Executive's ’s abilities and subject to such laws, rules, regulations and policies from time to time applicable to the Company's ’s employees. The Company may assign all or a portion of its rights and obligations under this agreement to any of its affiliates or enter into an agreement with any of its affiliates that provides that Executive will perform services on behalf of such affiliate and Executive agrees to provide such services, as directed by the Company.

Duties of Position. During the Employment Period, Executive shall serve as an Executive Vice President/Managing Director of Mezzanine Lending , Chief Financial Officer & Treasurer of the Company. Executive's ’s duties shall include, without limitation, managing the Company's mezzanine real estate lending business as to maximize risk adjusted returns to the Company, including formulating and implementing the overall business strategy, sourcing, pricing, originating and acquiring investments in mezzanine loans, loan participations, "B" notes and other subordinate real estate debt and preferred equity investments; implementing and supervising asset management primary responsibility for the Company's mezzanine loan/subordinate ’s financial functions, including all accounting, financial reporting, treasury, budgeting, forecasting and planning, including responsibility for the Company’s earnings model; oversight responsibility of real estate investment trust compliance, Investment Company Act compliance, investor relations, research, risk management, information technology systems and functions, benefits and payroll; and involvement in all equity and debt portfoliofinancings, together with such other reasonable assignments as may be assigned to him from time to time by the Board. Executive shall perform such duties and responsibilities, consistent with the preceding sentence and with Executive's ’s title, training and experience, as are from time to time reasonably assigned to Executive by the Board or the Company’s Chief Executive Officer of the Company. Executive shall report directly to the Chief Executive Officer of the CompanyOfficer. Executive agrees to devote substantially all of Executive's ’s business time, attention and energies to the performance of the duties assigned to Executive hereunder, and to perform such duties faithfully, diligently and to the best of Executive's ’s abilities and subject to such laws, rules, regulations and policies from time to time applicable to the Company's ’s employees. The Company may assign all or a portion of its rights and obligations under this agreement to any of its affiliates or enter into an agreement with any of its affiliates that provides that Executive will perform services on behalf of such affiliate and Executive agrees to provide such services, as directed by the Company.