0001047469-03-039998 Sample Contracts

iSTAR FINANCIAL INC. (a Maryland corporation) 3,200,000 Shares of 7.65% Series G Cumulative Redeemable Preferred Stock PURCHASE AGREEMENT Dated: December 9, 2003
Purchase Agreement • December 10th, 2003 • Istar Financial Inc • Real estate investment trusts • New York

iStar Financial Inc., a Maryland corporation (the "Company"), confirms its agreement with Bear, Stearns & Co. Inc. (the "Underwriter") with respect to the sale by the Company, and the purchase by the Underwriter, of 3,200,000 shares (the "Securities") of 7.65% Series G Cumulative Redeemable Preferred Stock, par value $.001 per share, of the Company (the "Preferred Stock").

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