Exhibit 10.6
FORM OF RESTRICTED COMMON SHARE AWARD CERTIFICATE
Non-transferable
GRANT TO
______________________
(the “Participant”)
by Starwood Credit Real Estate Income Trust (the “Trust”) of
its Class E common shares of beneficial interest, par value $0.01 per share (the “Class E Common Shares”).
The Class E Common Shares are granted pursuant to and subject to the provisions of the Starwood Credit Real Estate Income Trust Independent Trustee Restricted Common Share Plan (the “Plan”) and to the terms and conditions set forth on the following pages (the “Terms and Conditions”). By accepting the Class E Common Shares, the Participant shall be deemed to have agreed to the Terms and Conditions set forth in this Award Certificate and the Plan. Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Plan.
Unless vesting is accelerated in accordance with Section 2 of the Terms and Conditions, the Class E Common Shares shall vest (become non-forfeitable) in accordance with the following schedule, subject to the Participant’s Continuous Service on each vesting date.
Vesting Date | Percent of Shares Vesting |
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IN WITNESS WHEREOF, Starwood Credit Real Estate Income Trust, acting by and through its duly authorized officers, has caused this Award Certificate to be duly executed.
STARWOOD CREDIT REAL ESTATE INCOME TRUST
By:
Its:
Grant Date:
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TERMS AND CONDITIONS
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