0001557255-16-000128 Sample Contracts

SILVER BAY REALTY TRUST CORP.
Restricted Stock Agreement • May 5th, 2016 • Silver Bay Realty Trust Corp. • Real estate investment trusts • Maryland

Unless otherwise defined herein, the terms defined in the Silver Bay Realty Trust Corp. 2012 Equity Incentive Plan (the “Plan”) will have the same defined meanings in this Restricted Stock Agreement (the “Agreement”).

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January 19, 2016 David N. Miller Re: Transition Services, Separation Agreement and Release Dear David:
Transition Services, Separation Agreement and Release • May 5th, 2016 • Silver Bay Realty Trust Corp. • Real estate investment trusts • Minnesota

As discussed, you and Silver Bay Property Corp. (“Silver Bay” or the “Company”) have mutually agreed that your services to Silver Bay through Doherty Employment Group, Inc., the professional employer organization at which you are currently employed for the purpose of providing services to Silver Bay (the “PEO”), shall terminate effective as of February 15, 2016 (the “Termination Date”). All references herein to Silver Bay or the Company shall include the PEO to the extent appropriate based on the context. The purpose of this Transition Services, Separation Agreement and Release letter (“Agreement”) is to set forth the terms and conditions of your transition services and the specific separation benefits that Silver Bay will provide you in exchange for your agreement to the terms and conditions of this Agreement.

FORM OF SEVERANCE AND CHANGE IN CONTROL AGREEMENT
Severance and Change in Control Agreement • May 5th, 2016 • Silver Bay Realty Trust Corp. • Real estate investment trusts • Minnesota

This Severance and Change in Control Agreement (the “Agreement”) is made and entered into by and among (“Executive”), Silver Bay Realty Trust Corp. (“Silver Bay”) and Silver Bay Property Corp. (the “Company”), effective as of the latest date set forth by the signatures of the parties hereto below (the “Effective Date”).

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