DRIVE SHACK INC. 2018 OMNIBUS INCENTIVE PLAN [FORM OF] EXECUTIVE NON-QUALIFIED STOCK OPTION AWARD AGREEMENTNon-Qualified Stock Option Award Agreement • May 10th, 2019 • Drive Shack Inc. • Real estate investment trusts • Maryland
This Non-Qualified Stock Option Award Agreement (this “Award Agreement”), dated as of [●] (the “Date of Grant”), is made by and between Drive Shack Inc., a Maryland corporation (the “Company”), and [●] (the “Executive”). Any capitalized term that is used but not defined in this Award Agreement shall have the meaning ascribed to such term in the Drive Shack Inc. 2018 Omnibus Incentive Plan (as may be amended from time to time, the “Plan”).
Dear Sarah:Letter Agreement • May 10th, 2019 • Drive Shack Inc. • Real estate investment trusts • New York
Reference is made to the Letter Agreement dated December 12, 2017, between Drive Shack Inc. (the “Company”) and you (the “Letter Agreement”). This letter (this “Amendment”) shall amend the terms and conditions of the Letter Agreement in the manner set forth below and shall be subject to ratification by the Compensation Committee of the Board of Directors of the Company (the “Board”) or of the Board. For the avoidance of doubt, this letter shall be of full force and effect pending such ratification.
