0000950134-08-002989 Sample Contracts

FORESTAR REAL ESTATE GROUP INC. RESTRICTED STOCK UNITS AGREEMENT
Restricted Stock Units Agreement • February 19th, 2008 • Forestar Real Estate Group Inc. • Real estate • Texas

This Agreement is entered into between FORESTAR REAL ESTATE GROUP INC., a Delaware corporation (“Forestar”), and Participant, and is an integral and inseparable term of Participant’s service as an employee, non-employee director, or other service provider of Forestar or an Affiliate. In consideration of the mutual covenants hereinafter set forth and for other good and valuable consideration, Forestar and the Participant hereby agree as follows:

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FORESTAR REAL ESTATE GROUP INC. RESTRICTED STOCK AGREEMENT
Restricted Stock Agreement • February 19th, 2008 • Forestar Real Estate Group Inc. • Real estate • Texas

This Restricted Stock Agreement is entered into between FORESTAR REAL ESTATE GROUP INC., a Delaware corporation (“Forestar”) and Participant, and is an integral and inseparable term of Participant’s employment or other service as an employee, non-employee director, or other service provider of Forestar or an Affiliate. In consideration of the mutual covenants hereinafter set forth and for other good and valuable consideration, Forestar and Participant hereby agree as follows:

FORESTAR REAL ESTATE GROUP INC. NONQUALIFIED STOCK OPTION AGREEMENT
Nonqualified Stock Option Agreement • February 19th, 2008 • Forestar Real Estate Group Inc. • Real estate • Texas

This Agreement (the “Option Agreement”) is entered into between FORESTAR REAL ESTATE GROUP INC., a Delaware corporation (“Forestar”), and Participant, and is an integral and inseparable term of Participant’s employment as a salaried employee or other service recipient of Forestar or one of its Affiliates. In consideration of the mutual covenants hereinafter set forth and for other good and valuable consideration, Forestar and the Participant hereby agree as follows:

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