0001181431-06-045862 Sample Contracts

FIELDSTONE INVESTMENT CORPORATION EQUITY INCENTIVE PLAN NONQUALIFIED STOCK OPTION AGREEMENT WITH DIVIDEND EQUIVALENTS
Nonqualified Stock Option Agreement • August 4th, 2006 • Fieldstone Investment Corp • Real estate investment trusts

Fieldstone Investment Corporation (the "Company") hereby grants an option to purchase shares of its common stock (the "Stock") to the optionee named below. The terms and conditions of the option are set forth in this cover sheet, in the attachment, and in the Company's Equity Incentive Plan (the "Plan").

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FIELDSTONE INVESTMENT CORPORATION EQUITY INCENTIVE PLAN PERFORMANCE SHARE AGREEMENT
Performance Share Agreement • August 4th, 2006 • Fieldstone Investment Corp • Real estate investment trusts • Maryland

Fieldstone Investment Corporation (the "Company"), hereby grants performance shares relating to shares of its common stock (the "Stock"), to the individual named below as the Holder, subject to the terms and conditions set forth in this cover sheet, in the attachment and in the Company's Equity Incentive Plan (the "Plan").

FIELDSTONE INVESTMENT CORPORATION EQUITY INCENTIVE PLAN NONQUALIFIED STOCK OPTION AGREEMENT FOR SENIOR EXECUTIVES
Nonqualified Stock Option Agreement • August 4th, 2006 • Fieldstone Investment Corp • Real estate investment trusts • Maryland

Fieldstone Investment Corporation (the "Company") hereby grants an option to purchase shares of its common stock (the "Stock") to the optionee named below. The terms and conditions of the option are set forth in this cover sheet, in the attachment, and in the Company's Equity Incentive Plan (the "Plan").

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