0001104659-07-004588 Sample Contracts

RESTRICTED STOCK UNIT AWARD AGREEMENT
Restricted Stock Unit Award Agreement • January 25th, 2007 • Istar Financial Inc • Real estate investment trusts

THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (the “Agreement”) is effective as of , 2007 (the “Award Date”) and entered into by and between iStar Financial Inc. (the “Company”) and the Participant identified on the Notice of Grant of Award attached hereto (the “Notice”), sets forth the general terms and conditions of an award of restricted stock units (“Units”) relating to shares of Common Stock of the Company (“Shares”) made to the Participant, pursuant to the iStar Financial Inc. 2006 Long-Term Incentive Plan, as amended and restated (the “Plan”). Except as otherwise defined herein, capitalized terms used in this Agreement have the respective meanings set forth in the Plan.

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