SUBSCRIPTION AGREEMENTSubscription Agreement • November 13th, 2007 • iStar Acquisition Corp.
iStar Acquisition Investor LLC hereby subscribes for SEVEN MILLION ONE HUNDRED EIGHTY-SEVEN THOUSAND FIVE HUNDRED (7,187,500) shares of common stock, par value $0.0001 per share (the “Common Stock”), of iStar Acquisition Corp., a Delaware corporation (the “Company”), for an aggregate purchase price of TWELVE THOUSAND FIVE HUNDRED DOLLARS AND 01/100 ($12,500), the receipt and sufficiency of which is hereby acknowledged. Upon receipt by the Company of said consideration on this date, the Company shall issue to the undersigned a stock certificate (or, if not certificated, provide documentation reflecting the registration in the name of the undersigned on the stock ledger of the Company) representing such fully paid and non-assessable shares of the Common Stock of the Company. Following such issuance of shares of Common Stock of the Company, the capitalization of the Company shall be as set forth on Schedule A hereto. The undersigned acknowledges that the Common Stock subscribed hereto is
SUBSCRIPTION AGREEMENTSubscription Agreement • November 13th, 2007 • iStar Acquisition Corp.
Jay Sugarman hereby subscribes for SEVEN MILLION ONE HUNDRED EIGHTY-SEVEN THOUSAND FIVE HUNDRED (7,187,500) shares of common stock, par value $0.0001 per share (the “Common Stock”), of iStar Acquisition Corp., a Delaware corporation (the “Company”), for an aggregate purchase price of TWELVE THOUSAND FIVE HUNDRED DOLLARS AND 01/100 ($12,500), the receipt and sufficiency of which is hereby acknowledged. The undersigned represents and warrants to the Company that he is an “accredited investor” as that term is defined in Rule 501 of Regulation D under the Securities Act of 1933, as amended. Upon receipt by the Company of said consideration on this date, the Company shall issue to the undersigned a stock certificate (or, if not certificated, provide documentation reflecting the registration in the name of the undersigned on the stock ledger of the Company) representing such fully paid and non-assessable shares of the Common Stock of the Company. Following such issuance of shares of Common S
