0001104659-24-130816 Sample Contracts

FORM OF INDEMNIFICATION AGREEMENT
Indemnification Agreement • December 20th, 2024 • Franklin BSP Real Estate Debt, Inc. • Real estate investment trusts • Maryland

THIS INDEMNIFICATION AGREEMENT (“Agreement”) is made and entered into as of the [•] day of [•], 202[•], by and between Franklin BSP Real Estate Debt, Inc., a Maryland corporation (the “Company”), and ___________ (the “Indemnitee”).

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FORM OF DIRECTOR RESTRICTED STOCK AWARD AGREEMENT
Director Restricted Stock Award Agreement • December 20th, 2024 • Franklin BSP Real Estate Debt, Inc. • Real estate investment trusts • New York

THIS DIRECTOR RESTRICTED STOCK AWARD AGREEMENT (the “Agreement”), which is made effective as of the date set forth on the signature page (the “Signature Page”) attached hereto (the “Date of Grant”), is between Franklin BSP Real Estate Debt, Inc. (together with its successors and assigns, the “Company”) and the participant identified on the Signature Page attached hereto (the “Participant”).

FORM OF ADVISORY AGREEMENT BETWEEN FRANKLIN BSP REAL ESTATE DEBT, INC. AND BENEFIT STREET PARTNERS L.L.C.
Advisory Agreement • December 20th, 2024 • Franklin BSP Real Estate Debt, Inc. • Real estate investment trusts • New York

THIS ADVISORY AGREEMENT (this "Agreement"), dated as of [ ], 2025 (the "Effective Date"), is by and between Franklin BSP Real Estate Debt, Inc., a Maryland corporation (the "Company"), and Benefit Street Partners L.L.C., a Delaware limited liability company (the "Advisor"). Capitalized terms used herein shall have the meanings ascribed to them in Section 1 below.

FORM OF DEALER MANAGER AGREEMENT
Dealer Manager Agreement • December 20th, 2024 • Franklin BSP Real Estate Debt, Inc. • Real estate investment trusts • New York

Participating Broker-Dealer has adopted a process by which clients may authorize certain account-related transactions or requests, in whole or in part, evidenced by Electronic Signature (as such term is defined in Section XXII hereof). In consideration of the Company allowing Participating Broker-Dealer and its clients to execute certain account-related transactions and/or requests, in whole or in part, by Electronic Signature, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Participating Broker-Dealer does hereby, for itself and its successors and permitted assigns, covenant and agree to indemnify and hold harmless the Company, the Dealer Manager Parties, each of their affiliates and each of their and their affiliates’ officers, directors, trustees, agents and employees, in whatever capacity they may act, from and against any and all claims (whether groundless or otherwise), losses, liabilities, damages and expenses, includi

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