CUBESMART 2007 EQUITY INCENTIVE PLAN (As Amended and Restated, Effective June 2, 2010) PERFORMANCE SHARE UNIT AWARD AND AGREEMENTPerformance Share Unit Award Agreement • June 1st, 2012 • CubeSmart, L.P. • Real estate investment trusts
This is a Performance Share Unit Award (this “Award”) from CubeSmart, a Maryland real estate investment trust (the “Company”), to the Grantee named below (the “Grantee”), subject to the vesting performance and conditions set forth in the attachment. Except as otherwise provided below, upon and subject to the vesting of the Performance Share Units (the “PSUs”) under this Award, the Company will deliver one common share of beneficial interest, $.01 par value (a “Share”), of the Company to the Grantee for each vested PSU, subject to adjustment as provided below under “Adjustments”). Additional terms and conditions applicable to this Award are set forth in this cover sheet, in the attached Agreement and in the Company’s Amended and Restated 2007 Equity Incentive Plan (the “Plan”).
