LONG TERM INCENTIVE PLAN UNIT AGREEMENT Under the Meruelo Maddux Properties, Inc. (Officers and Employees)Long Term Incentive Plan • December 18th, 2006 • Meruelo Maddux Properties, Inc. • Real estate • Delaware
Pursuant to the Meruelo Maddux Properties, Inc. 2007 Equity Incentive Plan (the “Plan”) as amended through the date hereof and the Agreement of Limited Partnership, to be dated as of the Closing Date (as defined below) (the “Partnership Agreement”), of Meruelo Maddux Properties, L.P., a Delaware limited partnership (the “Partnership”), Meruelo Maddux Properties, Inc., a Delaware corporation and the general partner of the Partnership (the “Company”), for the provision of services to or for the benefit of the Partnership in a partner capacity or in anticipation of being a partner, hereby grants to the Grantee named above an Other Equity-Based Award (an “Award”) in the form of, and by causing the Partnership to issue to the Grantee named above, a Partnership Interest (as defined in the Partnership Agreement, as amended) having the rights, voting powers, restrictions, limitations as to distributions, qualifications and terms and conditions of redemption and conversion set forth herein and
MERUELO MADDUX PROPERTIES, INC. FORM OF RESTRICTED STOCK AWARD AGREEMENTRestricted Stock Award Agreement • December 18th, 2006 • Meruelo Maddux Properties, Inc. • Real estate • Delaware
THIS RESTRICTED STOCK AWARD AGREEMENT (this “Agreement”), dated as of , 2007, is entered into between MERUELO MADDUX PROPERTIES, INC., a Delaware corporation (the “Company”), and (“Grantee”). Capitalized terms used herein but not defined shall have the meanings assigned to those terms in the Meruelo Maddux Properties, Inc. 2007 Equity Incentive Plan (the “Plan”).
