0001047469-09-001790 Sample Contracts

Dated as of December 7, 2006 N-STAR REL CDO VIII LTD., as Issuer N-STAR REL CDO VIII LLC, as Co-Issuer NS ADVISORS, LLC, as Advancing Agent and WELLS FARGO BANK, NATIONAL ASSOCIATION as Trustee
Indenture • February 25th, 2009 • Northstar Realty • Real estate investment trusts • New York

WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, organized under the law of the United States, as trustee.

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SECURITY AGREEMENT dated as of July 1, 2004 between
Security Agreement • February 25th, 2009 • Northstar Realty • Real estate investment trusts • New York

This SECURITY AGREEMENT (as amended from time to time, this “Agreement”) is made as of July 1, 2004 by and among N-Star Real Estate CDO II Ltd., a company incorporated under the laws of the Cayman Islands, as issuer (the “Issuer”), LaSalle Bank National Association, a national banking association (“LaSalle”), as trustee under the Trust Deed for and on behalf of the Secured Parties (in such capacity, the “Trustee”), and LaSalle as securities intermediary and depositary bank (in such capacity, the “Accountholder”).

SECURITY AGREEMENT dated as of August 21, 2003 among N-STAR REAL ESTATE CDO I LTD, as Issuer, LASALLE BANK NATIONAL ASSOCIATION, as Trustee, and LASALLE BANK NATIONAL ASSOCIATION, as Collateral Agent and as Accountholder
Security Agreement • February 25th, 2009 • Northstar Realty • Real estate investment trusts • New York

This SECURITY AGREEMENT (as amended from time to time, this “Agreement”) is made as of August 21, 2003 by and among N-Star Real Estate CDO I Ltd, a company incorporated under the laws of the Cayman Islands, as issuer (the “Issuer”), LaSalle Bank National Association, a national banking association, as trustee under the Trust Deed (in such capacity, the “Trustee”), as collateral agent for and on behalf of the Secured Parties (in such capacity, the “Collateral Agent”) and as securities intermediary and depositary bank (in such capacity, the “Accountholder”).

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