0001193125-11-304537 Sample Contracts

COLONY FINANCIAL, INC.
Non-Qualified Option Agreement • November 9th, 2011 • Colony Financial, Inc. • Real estate investment trusts

Colony Financial, Inc., a Maryland corporation (the “Company”), hereby grants an option to purchase shares of its common stock, par value $0.01 (the “Option”), to the optionee named below, subject to the vesting and other conditions set forth below. Additional terms and conditions of the grant are set forth in this cover sheet and in the attachment (collectively, the “Agreement”), and in the Company’s 2011 Equity Incentive Plan (as amended from time to time, the “Plan”).

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COLONY FINANCIAL, INC.
Restricted Stock Agreement • November 9th, 2011 • Colony Financial, Inc. • Real estate investment trusts • Maryland

Colony Financial, Inc., a Maryland corporation (the “Company”), hereby grants its shares of common stock, par value $0.01 (“Restricted Stock”) to the Grantee named below, subject to the vesting and other conditions set forth below. Additional terms and conditions of the grant are set forth in this cover sheet and in the attachment (collectively, the “Agreement”) and in the Company’s 2011 Equity Incentive Plan (as amended from time to time, the “Plan”).

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