Falcon Financial Invt Trust – Falcon Financial Investment Trust (January 24th, 2005)
As you are aware, the Trust contemplates entering into an Agreement and Plan of Merger, by and among iStar Financial Inc. (iStar), Falcon Acquisition Company and the Trust (the Merger Agreement) pursuant to which iStar, through a subsidiary, will acquire 100% of the outstanding capital stock of the Trust. Upon completion of the transactions contemplated by the Merger Agreement, the Trust will be a wholly-owned subsidiary of iStar and the Trust will no longer be a publicly-traded company. As a material inducement to iStars willingness to enter into the Merger Agreement, iStar has requested that you provide the acknowledgements set forth in this letter. You acknowledge and agree on the date hereof as follows:
Falcon Financial Invt Trust – Employment Agreement (August 16th, 2004)
AGREEMENT made this 1st day of July, 2004, between Falcon Financial Investment Trust, a Maryland Real Estate Investment Trust (the Trust), and Ralph L. Miller (the Executive).