0001689796-20-000003 Sample Contracts

FORM OF JBG SMITH PROPERTIES
Performance Ltip Unit Agreement • February 25th, 2020 • JBG SMITH Properties • Real estate investment trusts • Delaware
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FORM OF JBG SMITH PROPERTIES
Restricted Ltip Unit Agreement • February 25th, 2020 • JBG SMITH Properties • Real estate investment trusts • Delaware

RESTRICTED LTIP UNIT AGREEMENT (the “Agreement” or “Restricted LTIP Unit Agreement”) made as of the Grant Date set forth on Schedule A hereto between JBG SMITH Properties, a Maryland real estate investment trust (the “Company”), its subsidiary JBG SMITH Properties LP, a Delaware limited partnership (the “Partnership”), and the employee of the Company or one of its affiliates listed on Schedule A (the “Employee”).

February 21, 2020 Robert Stewart
Letter Agreement • February 25th, 2020 • JBG SMITH Properties • Real estate investment trusts

This letter (this “Letter Agreement”) reflects our agreement to adjust your compensation program, commencing January 2020, to reduce your base salary and provide a greater percentage of your total compensation in the form of equity incentive awards, with your total compensation remaining the same.

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