0001299933-10-000358 Sample Contracts

RAIT FINANCIAL TRUST
Rait Financial Trust • January 29th, 2010 • RAIT Financial Trust • Real estate investment trusts • Maryland

This UNIT AWARD AGREEMENT, dated as of January 26, 2010 (the “Date of Grant”), is delivered by RAIT Financial Trust (“RAIT”), to [Name of Participant] (the “Participant”).

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