FORM OF LTIP UNIT AWARD AGREEMENT ELLINGTON FINANCIAL INC. [Name] [ ] units [Date]Ltip Unit Award Agreement • November 8th, 2019 • Ellington Financial Inc. • Real estate • Delaware
Pursuant to the Ellington Financial LLC 2017 Equity Incentive Plan (the “Plan”) and the Operating Partnership Agreement, for the provision of services to or for the benefit of the Operating Partnership, Ellington Financial Inc., a Delaware corporation (the “Company”), hereby grants to the individual named above (the “Participant”) an Other Equity-Based Award (as defined in the Plan) in the form of, and by causing the Operating Partnership to issue to the Participant named above, the number of LTIP Units specified above. Capitalized terms not defined herein shall have the meaning ascribed to them in the Plan, attached hereto as Exhibit A, and the Operating Partnership Agreement, attached hereto as Exhibit B. Where the context permits, references to the Company shall include any successor to the Company.
