0001104659-06-035014 Sample Contracts

MORNINGSTAR, INC. 2004 STOCK INCENTIVE PLAN
Restricted Stock Unit Award Agreement • May 15th, 2006 • Morningstar, Inc. • Investment advice

THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (including Schedule 1 hereto, the “Award Agreement”) is made under the Morningstar, Inc. 2004 Stock Incentive Plan (the “Plan”) as of the Grant Date specified in Schedule 1 to this Award Agreement (“Schedule 1”). Any term capitalized but not defined in this Award Agreement will have the meaning set forth in the Plan.

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Morningstar, Inc.
Restricted Stock Unit Grant • May 15th, 2006 • Morningstar, Inc. • Investment advice

If you wish to defer delivery of any portion of the shares of common stock (“Shares”) of Morningstar, Inc. (the “Company”) covered by the Restricted Stock Unit award granted to you on May 15, 2006 (the “RSU Award”), you must complete this form and return it to the Company’s Human Resources Department no later than June 14, 2006. For additional information, please read the award agreement for your RSU Award (the “RSU Award Agreement”).

MORNINGSTAR, INC. 2004 STOCK INCENTIVE PLAN
Director Restricted Stock Unit Award Agreement • May 15th, 2006 • Morningstar, Inc. • Investment advice

THIS DIRECTOR RESTRICTED STOCK UNIT AWARD AGREEMENT (including Schedule 1 hereto, the “Award Agreement”) is made under the Morningstar, Inc. 2004 Stock Incentive Plan (the “Plan”) as of the Grant Date specified in Schedule 1 to this Award Agreement (“Schedule 1”). Any term capitalized but not defined in this Award Agreement will have the meaning set forth in the Plan.

Morningstar, Inc.
Restricted Stock Unit Grant • May 15th, 2006 • Morningstar, Inc. • Investment advice

If you wish to defer delivery of any portion of the shares of common stock (“Shares”) of Morningstar, Inc. (the “Company”) covered by the Restricted Stock Unit award granted to you on May 15, 2006 (the “RSU Award”), you must complete this form and return it to the Company’s Human Resources Department no later than June 14, 2006. For additional information, please read the award agreement for your RSU Award (the “RSU Award Agreement”).

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