Document:

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                                                                    Exhibit 10.2

                            INDEMNIFICATION AGREEMENT

     THIS INDEMNIFICATION AGREEMENT (this "Agreement") is entered into as of
February 24, 2006, by and among U-Store-It Trust, a Maryland real estate
investment trust (the "Company"), U-Store-It, L.P., a Delaware limited
partnership (the "Operating Partnership" and together with the Company, the
"Indemnitors"), and Kathleen A. Weigand (the "Indemnitee").

     WHEREAS, the Indemnitee is an officer or a member of the Board of Trustees
of the Company and in such capacity is performing a valuable service for the
Company and the Operating Partnership;

     WHEREAS, Maryland law permits the Company to enter into contracts with its
officers or members of its Board of Trustees with respect to indemnification of,
and advancement of expenses to, such persons;

     WHEREAS, the Declaration of Trust of the Company (the "Declaration of
Trust") authorizes the Company to indemnify and advance expenses to its officers
and trustees to the maximum extent permitted by Maryland law in effect from time
to time;

     WHEREAS, the Bylaws of the Company (the "Bylaws") provide that each officer
and trustee of the Company shall be indemnified by the Company to the maximum
extent permitted by Maryland law in effect from time to time and shall be
entitled to advancement of expenses consistent with Maryland law;

     WHEREAS, the Company is the general partner of, and conducts substantially
all of its business through, the Operating Partnership;

     WHEREAS, the Second Amended and Restated Partnership Agreement of the
Operating Partnership (the "Partnership Agreement") provides for indemnification
and advancement of expenses to the Company and its officers and trustees
consistent with the applicable provisions of Maryland law, subject to the same
limitations on indemnity and advancement of expenses that apply under Maryland
law to indemnity and advancement of expenses by the Company of its officers and
trustees; and

     WHEREAS, to induce the Indemnitee to provide services to the Company as an
officer or a member of the Board of Trustees, and to provide the Indemnitee with
specific contractual assurance that indemnification will be available to the
Indemnitee regardless of, among other things, any amendment to or revocation of
the Declaration of Trust, the Bylaws or the Partnership Agreement, or any
acquisition transaction relating to the Company, the Indemnitors desire to
provide the Indemnitee with protection against personal liability as set forth
herein;

     NOW, THEREFORE, in consideration of the premises and the covenants
contained herein, the Indemnitors and the Indemnitee hereby agree as follows:

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1.   DEFINITIONS.

     For purposes of this Agreement:

     (A)  "Change in Control" shall mean

          i.   the dissolution or liquidation of the Company;

          ii.  the merger, consolidation, or reorganization of the Company with
               one or more other entities in which the Company is not the
               surviving entity or immediately following which the persons or
               entities who were beneficial owners (as determined pursuant to
               Rule 13d-3 under the Securities Exchange Act of 1934, as amended
               (the "Exchange Act")) of voting securities of the Company
               immediately prior thereto cease to beneficially own more than
               fifty percent (50%) of the voting securities of the surviving
               entity immediately thereafter;

          iii. a sale of all or substantially all of the assets of the Company
               to another person or entity other than an affiliate of the
               Company;

          iv.  any transaction (including without limitation a merger or
               reorganization in which the Company is the surviving entity) that
               results in any person or entity or "group" (within the meaning of
               Section 13(d)(3) or 14(d)(2) of the Exchange Act) (other than
               persons who are shareholders or affiliates immediately prior to
               the transaction) owning thirty percent (30%) or more of the
               combined voting power of all classes of shares of the Company; or

          v.   individuals who, as of the date hereof, constitute the Board of
               Trustees (the "Incumbent Board") cease for any reason to
               constitute at least a majority of the Board of Trustees;
               provided, however, that any individual becoming a trustee
               subsequent to the date hereof whose election, or nomination for
               election by the Company's shareholders, was approved by a vote of
               at least a majority of the trustees then comprising the Incumbent
               Board (either by a specific vote or by approval of the proxy
               statement of the Company in which such person is named as a
               nominee for trustee, without written objection to such
               nomination) shall be considered as though such individual were a
               member of the Incumbent Board, but excluding, for this purpose,
               any such individual whose initial assumption of office occurs as
               a result of an actual or threatened election contest with respect
               to the election or removal of trustees or other actual or
               threatened solicitation of proxies or contests by or on behalf of
               a person other than the Board of Trustees.

     (B)  "Corporate Status" describes the status of a person who is or was a
          trustee or officer of the Company (or of any domestic or foreign
          predecessor entity of the Company in a merger, consolidation or other
          transaction in which the

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          predecessor's interest ceased upon consummation of the transaction) or
          is or was serving at the request of the Company (or any such
          predecessor entity) as a director, officer, partner (limited or
          general), member, trustee, employee or agent of any other foreign or
          domestic corporation, partnership, joint venture, limited liability
          company, trust, other enterprise (whether conducted for profit or not
          for profit) or employee benefit plan. The Company (and any domestic or
          foreign predecessor entity of the Company in a merger, consolidation
          or other transaction in which the predecessor's existence ceased upon
          consummation of the transaction) shall be deemed to have requested the
          Indemnitee to serve an employee benefit plan where the performance of
          the Indemnitee's duties to the Company (or any such predecessor
          entity) also imposes or imposed duties on, or otherwise involves or
          involved services by, the Indemnitee to the plan or participants or
          beneficiaries of the plan.

     (C)  "Expenses" shall include all attorneys' and paralegals' fees,
          retainers, court costs, transcript costs, fees of experts, witness
          fees, travel expenses, duplicating costs, printing and binding costs,
          telephone charges, postage, delivery service fees, and all other
          disbursements or expenses of the types customarily incurred in
          connection with prosecuting, defending, preparing to prosecute or
          defend, investigating, or being or preparing to be a witness in a
          Proceeding.

     (D)  "Proceeding" includes any action, suit, arbitration, alternate dispute
          resolution mechanism, investigation, administrative hearing, or any
          other proceeding, including appeals therefrom, whether civil,
          criminal, administrative, or investigative, except one initiated by
          the Indemnitee pursuant to paragraph 8 of this Agreement to enforce
          such Indemnitee's rights under this Agreement.

     (E)  "Special Legal Counsel" means a law firm, or a member of a law firm,
          that is experienced in matters of corporation law and neither
          presently is, or in the past two years has been, retained to represent
          (i) the Indemnitors or the Indemnitee in any matter material to either
          such party, or (ii) any other party to the Proceeding giving rise to a
          claim for indemnification hereunder.

2.   INDEMNIFICATION

     The Indemnitee shall be entitled to the rights of indemnification provided
in this paragraph 2 and under applicable law, the Declaration of Trust, the
Bylaws, the Partnership Agreement, any other agreement, a vote of shareholders
or resolution of the Board of Trustees or otherwise if, by reason of such
Indemnitee's Corporate Status, such Indemnitee is, or is threatened to be made,
a party to any threatened, pending, or completed Proceeding, including a
Proceeding by or in the right of the Company or the Operating Partnership.
Unless prohibited by paragraph 13 hereof and subject to the other provisions of
this Agreement, the Indemnitee shall be indemnified hereunder, to the maximum
extent provided by Maryland law in effect from time to time, against judgments,
penalties, fines, and settlements and reasonable Expenses actually incurred by
or on behalf of such Indemnitee in connection with such Proceeding or any claim,
issue or matter therein; provided, however, that if such Proceeding was one by
or in the right of

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the Company or the Operating Partnership, indemnification may not be made in
respect of such Proceeding if the Indemnitee shall have been adjudged to be
liable to the Company or the Operating Partnership. For purposes of this
paragraph 2, excise taxes assessed on the Indemnitee with respect to an employee
benefit plan pursuant to applicable law shall be deemed fines.

3.   EXPENSES OF A SUCCESSFUL PARTY

     Without limiting the effect of any other provision of this Agreement and
without regard to the provisions of paragraph 6 hereof, to the extent that the
Indemnitee is, by reason of such Indemnitee's Corporate Status, a party to and
is successful, on the merits or otherwise, in any Proceeding pursuant to a final
non-appealable order, such Indemnitee shall be indemnified against all
reasonable Expenses actually incurred by such Indemnitee in connection
therewith. If the Indemnitee is not wholly successful in such Proceeding
pursuant to a final non-appealable order but is successful, on the merits or
otherwise, as to one or more but less than all claims, issues, or matters in
such Proceeding pursuant to a final non-appealable order, the Indemnitors shall
indemnify the Indemnitee against all reasonable Expenses actually incurred by
such Indemnitee in connection with each successfully resolved claim, issue or
matter. For purposes of this paragraph and without limitation, the termination
of any claim, issue or matter in such Proceeding by dismissal, with or without
prejudice, shall be deemed to be a successful result as to such claim, issue or
matter.

4.   ADVANCEMENT OF EXPENSES

     The Indemnitors shall advance all reasonable Expenses incurred by the
Indemnitee in connection with any Proceeding within 20 days after the receipt by
the Indemnitors of a statement from the Indemnitee requesting such advance from
time to time, whether prior to or after final disposition of such Proceeding.
Such statement shall reasonably evidence the Expenses incurred or to be incurred
by the Indemnitee and shall include or be preceded or accompanied by (i) a
written affirmation by the Indemnitee of the Indemnitee's good faith belief that
the standard of conduct necessary for indemnification by the Indemnitors as
authorized by this Agreement has been met and (ii) a written undertaking by or
on behalf of the Indemnitee to repay the amounts advanced if it should
ultimately be determined that the standard of conduct has not been met. The
undertaking required by clause (ii) of the immediately preceding sentence shall
be an unlimited general obligation of the Indemnitee but need not be secured and
may be accepted without reference to financial ability to make the repayment.

5.   WITNESS EXPENSES

     Notwithstanding any other provision of this Agreement, to the extent that
the Indemnitee is, by reason of such Indemnitee's Corporate Status, a witness
for any reason in any Proceeding to which such Indemnitee is not a named
defendant or respondent, such Indemnitee shall be indemnified by the Indemnitors
against all Expenses actually incurred by or on behalf of such Indemnitee in
connection therewith.

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6.   DETERMINATION OF ENTITLEMENT TO AND AUTHORIZATION OF INDEMNIFICATION

     (A)  To obtain indemnification under this Agreement, the Indemnitee shall
          submit to the Indemnitors a written request, including therewith such
          documentation and information reasonably necessary to determine
          whether and to what extent the Indemnitee is entitled to
          indemnification.

     (B)  Indemnification under this Agreement may not be made unless authorized
          for a specific Proceeding after a determination has been made in
          accordance with this Section 6(B) that indemnification of the
          Indemnitee is permissible in the circumstances because the Indemnitee
          has met the following standard of conduct: the Indemnitors shall
          indemnify the Indemnitee in accordance with the provisions of
          paragraph 2 hereof, unless it is established that: (a) the act or
          omission of the Indemnitee was material to the matter giving rise to
          the Proceeding and (x) was committed in bad faith or (y) was the
          result of active and deliberate dishonesty; (b) the Indemnitee
          actually received an improper personal benefit in money, property or
          services; or (c) in the case of any criminal proceeding, the
          Indemnitee had reasonable cause to believe that the act or omission
          was unlawful. Upon receipt by the Indemnitors of the Indemnitee's
          written request for indemnification pursuant to subparagraph 6(A), a
          determination as to whether the applicable standard of conduct has
          been met shall be made within the period specified in paragraph 6(E):
          (i) if a Change in Control shall have occurred, by Special Legal
          Counsel in a written opinion to the Board of Trustees, a copy of which
          shall be delivered to the Indemnitee, with Special Legal Counsel
          selected by the Indemnitee (unless the Indemnitee shall request that
          such determination be made by the person or persons and in the manner
          provided in clause (ii) of this paragraph 6(B), in which event the
          provisions of such clause (ii) shall apply) (If the Indemnitee selects
          Special Legal Counsel to make the determination under this clause (i),
          the Indemnitee shall give prompt written notice to the Indemnitors
          advising them of the identity of the Special Legal Counsel so
          selected); or (ii) if a Change in Control shall not have occurred, (A)
          by the Board of Trustees by a majority vote of a quorum consisting of
          trustees not, at the time, parties to the Proceeding, or, if such
          quorum cannot be obtained, then by a majority vote of a committee of
          the Board of Trustees consisting solely of two or more trustees not,
          at the time, parties to such Proceeding and who were duly designated
          to act in the matter by a majority vote of the full Board of Trustees
          in which the designated trustees who are parties may participate, (B)
          by Special Legal Counsel in a written opinion to the Board of
          Trustees, a copy of which shall be delivered to the Indemnitee, with
          Special Legal Counsel selected by the Board of Trustees or a committee
          of the Board of Trustees by vote as set forth in subparagraph (ii)(A)
          of this paragraph 6(B), or, if the requisite quorum of the full Board
          of Trustees cannot be obtained therefor and the committee cannot be
          established, by a majority of the full Board of Trustees in which
          trustees who are parties to the Proceeding may participate (If the
          Indemnitors select Special Legal Counsel to make the determination
          under this clause (ii), the Indemnitors shall give prompt

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          written notice to the Indemnitee advising him or her of the identity
          of the Special Legal Counsel so selected) or (C) by the shareholders
          of the Company. If it is so determined that the Indemnitee is entitled
          to indemnification, payment to the Indemnitee shall be made within 10
          days after such determination. Authorization of indemnification and
          determination as to reasonableness of Expenses shall be made in the
          same manner as the determination that indemnification is permissible.
          However, if the determination that indemnification is permissible is
          made by Special Legal Counsel under clause (B) above, authorization of
          indemnification and determination as to reasonableness of Expenses
          shall be made in the manner specified under clause (B) above for the
          selection of such Special Legal Counsel.

     (C)  The Indemnitee shall cooperate with the person or entity making such
          determination with respect to the Indemnitee's entitlement to
          indemnification, including providing upon reasonable advance request
          any documentation or information which is not privileged or otherwise
          protected from disclosure and which is reasonably available to the
          Indemnitee and reasonably necessary to such determination. Any
          reasonable costs or expenses (including reasonable attorneys' fees and
          disbursements) incurred by the Indemnitee in so cooperating shall be
          borne by the Indemnitors (irrespective of the determination as to the
          Indemnitee's entitlement to indemnification) and the Indemnitors
          hereby indemnify and agree to hold the Indemnitee's harmless
          therefrom.

     (D)  In the event the determination of entitlement to indemnification is to
          be made by Special Legal Counsel pursuant to paragraph 6(B) hereof,
          the Indemnitee, or the Indemnitors, as the case may be, may, within
          seven days after such written notice of selection shall have been
          given, deliver to the Indemnitors or to the Indemnitee, as the case
          may be, a written objection to such selection. Such objection may be
          asserted only on the grounds that the Special Legal Counsel so
          selected does not meet the requirements of "Special Legal Counsel" as
          defined in paragraph 1 of this Agreement. If such written objection is
          made, the Special Legal Counsel so selected may not serve as Special
          Legal Counsel until a court has determined that such objection is
          without merit. If, within 20 days after submission by the Indemnitee
          of a written request for indemnification pursuant to paragraph 6(A)
          hereof, no Special Legal Counsel shall have been selected or, if
          selected, shall have been objected to, either the Indemnitors or the
          Indemnitee may petition a court for resolution of any objection which
          shall have been made by the Indemnitors or the Indemnitee to the
          other's selection of Special Legal Counsel and/or for the appointment
          as Special Legal Counsel of a person selected by the court or by such
          other person as the court shall designate, and the person with respect
          to whom an objection is so resolved or the person so appointed shall
          act as Special Legal Counsel under paragraph 6(B) hereof. The
          Indemnitors shall pay all reasonable fees and expenses of Special
          Legal Counsel incurred in connection with acting pursuant to paragraph
          6(B) hereof, and all reasonable fees and expenses incident to the
          selection of such Special Legal Counsel pursuant to this paragraph
          6(D). In the event that a determination of entitlement to
          indemnification is to be made by Special Legal Counsel and such
          determination

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          shall not have been made and delivered in a written opinion within
          ninety (90) days after the receipt by the Indemnitors of the
          Indemnitee's request in accordance with paragraph 6(A), upon the due
          commencement of any judicial proceeding in accordance with paragraph
          8(A) of this Agreement, Special Legal Counsel shall be discharged and
          relieved of any further responsibility in such capacity.

     (E)  If the person or entity making the determination whether the
          Indemnitee is entitled to indemnification shall not have made a
          determination within 60 days after receipt by the Indemnitors of the
          request therefor, the requisite determination of entitlement to
          indemnification shall be deemed to have been made and the Indemnitee
          shall be entitled to such indemnification, absent: (i) a misstatement
          by the Indemnitee of a material fact, or an omission of a material
          fact necessary to make the Indemnitee's statement not materially
          misleading, in connection with the request for indemnification, or
          (ii) a prohibition of such indemnification under applicable law. Such
          60-day period may be extended for a reasonable time, not to exceed an
          additional 30 days, if the person or entity making said determination
          in good faith requires additional time for the obtaining or evaluating
          of documentation and/or information relating thereto. The foregoing
          provisions of this paragraph 6(E) shall not apply: (i) if the
          determination of entitlement to indemnification is to be made by the
          shareholders and if within 15 days after receipt by the Indemnitors of
          the request for such determination the Board of Trustees resolves to
          submit such determination to the shareholders for consideration at an
          annual or special meeting thereof to be held within 75 days after such
          receipt and such determination is made at such meeting, or (ii) if the
          determination of entitlement to indemnification is to be made by
          Special Legal Counsel pursuant to paragraph 6(B) of this Agreement.

7.   PRESUMPTIONS

     (A)  In making a determination with respect to entitlement or authorization
          of indemnification hereunder, the person or entity making such
          determination shall presume that the Indemnitee is entitled to
          indemnification under this Agreement and the Indemnitors shall have
          the burden of proof to overcome such presumption.

     (B)  The termination of any Proceeding by conviction, or upon a plea of
          nolo contendere or its equivalent, or an entry of an order of
          probation prior to judgment, creates a rebuttable presumption that the
          Indemnitee did not meet the requisite standard of conduct described
          herein for indemnification.

8.   REMEDIES

     (A)  In the event that: (i) a determination is made in accordance with the
          provisions of paragraph 6 that the Indemnitee is not entitled to
          indemnification under this Agreement, or (ii) advancement of
          reasonable Expenses is not timely made pursuant to this Agreement, or
          (iii) payment of indemnification due the Indemnitee under this
          Agreement is not timely made, the Indemnitee shall be entitled to an
          adjudication in an appropriate court of competent jurisdiction of

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          such Indemnitee's entitlement to such indemnification or advancement
          of Expenses.

     (B)  In the event that a determination shall have been made pursuant to
          paragraph 6 of this Agreement that the Indemnitee is not entitled to
          indemnification, any judicial proceeding commenced pursuant to this
          paragraph 8 shall be conducted in all respects as a de novo trial on
          the merits. The fact that a determination had been made earlier
          pursuant to paragraph 6 of this Agreement that the Indemnitee was not
          entitled to indemnification shall not be taken into account in any
          judicial proceeding commenced pursuant to this paragraph 8 and the
          Indemnitee shall not be prejudiced in any way by reason of that
          adverse determination. In any judicial proceeding commenced pursuant
          to this paragraph 8, the Indemnitors shall have the burden of proving
          that the Indemnitee is not entitled to indemnification or advancement
          of Expenses, as the case may be.

     (C)  If a determination shall have been made or deemed to have been made
          pursuant to this Agreement that the Indemnitee is entitled to
          indemnification, the Indemnitors shall be bound by such determination
          in any judicial proceeding commenced pursuant to this paragraph 8,
          absent: (i) a misstatement by the Indemnitee of a material fact, or an
          omission of a material fact necessary to make the Indemnitee's
          statement not materially misleading, in connection with the request
          for indemnification, or (ii) a prohibition of such indemnification
          under applicable law.

     (D)  The Indemnitors shall be precluded from asserting in any judicial
          proceeding commenced pursuant to this paragraph 8 that the procedures
          and presumptions of this Agreement are not valid, binding and
          enforceable and shall stipulate in any such court that the Indemnitors
          are bound by all the provisions of this Agreement.

     (E)  In the event that the Indemnitee, pursuant to this paragraph 8, seeks
          a judicial adjudication of such Indemnitee's rights under, or to
          recover damages for breach of, this Agreement, if successful on the
          merits or otherwise as to all or less than all claims, issues or
          matters in such judicial adjudication, the Indemnitee shall be
          entitled to recover from the Indemnitors, and shall be indemnified by
          the Indemnitors against, any and all reasonable Expenses actually
          incurred by such Indemnitee in connection with each successfully
          resolved claim, issue or matter.

9.   NOTIFICATION AND DEFENSE OF CLAIMS

     The Indemnitee agrees promptly to notify the Indemnitors in writing upon
being served with any summons, citation, subpoena, complaint, indictment,
information, or other document relating to any Proceeding or matter which may be
subject to indemnification or advancement of Expenses covered hereunder, but the
failure so to notify the Indemnitors will not relieve the Indemnitors from any
liability that the Indemnitors may have to Indemnitee under this Agreement
unless the Indemnitors are materially prejudiced thereby. With respect to any
such Proceeding as to which Indemnitee notifies the Indemnitors of the
commencement thereof:

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     (A)  The Indemnitors will be entitled to participate therein at their own
          expense.

     (B)  Except as otherwise provided below, the Indemnitors will be entitled
          to assume the defense thereof, with counsel reasonably satisfactory to
          Indemnitee. After notice from the Indemnitors to Indemnitee of the
          Indemnitors' election so to assume the defense thereof, the
          Indemnitors will not be liable to Indemnitee under this Agreement for
          any legal or other expenses subsequently incurred by Indemnitee in
          connection with the defense thereof other than reasonable costs of
          investigation or as otherwise provided below. Indemnitee shall have
          the right to employ Indemnitee's own counsel in such Proceeding, but
          the fees and disbursements of such counsel incurred after notice from
          the Indemnitors of the Indemnitors' assumption of the defense thereof
          shall be at the expense of Indemnitee unless (a) the employment by
          counsel by Indemnitee has been authorized by the Indemnitors, (b) the
          Indemnitee shall have reasonably concluded that there may be a
          conflict of interest between the Indemnitors and the Indemnitee in the
          conduct of the defense of such action, (c) such Proceeding seeks
          penalties or other relief against the Indemnitee with respect to which
          the Indemnitors could not provide monetary indemnification to the
          Indemnitee (such as injunctive relief or incarceration) or (d) the
          Indemnitors shall not in fact have employed counsel to assume the
          defense of such action, in each of which cases the fees and
          disbursements of counsel shall be at the expense of the Indemnitors.
          The Indemnitors shall not be entitled to assume the defense of any
          Proceeding brought by or on behalf of the Indemnitors, or as to which
          Indemnitee shall have reached the conclusion specified in clause (b)
          above, or which involves penalties or other relief against Indemnitee
          of the type referred to in clause (c) above.

     (C)  The Indemnitors shall not be liable to indemnify Indemnitee under this
          Agreement for any amounts paid in settlement of any action or claim
          effected without the Indemnitors' written consent. The Indemnitors
          shall not settle any action or claim in any manner that would impose
          any penalty or limitation on Indemnitee without Indemnitee's written
          consent. Neither the Indemnitors nor Indemnitee will unreasonably
          withhold or delay consent to any proposed settlement.

10.  NON-EXCLUSIVITY; SURVIVAL OF RIGHTS; INSURANCE SUBROGATION

     (A)  The rights of indemnification and to receive advancement of reasonable
          Expenses as provided by this Agreement shall not be deemed exclusive
          of any other rights to which the Indemnitee may at any time be
          entitled under applicable law, the Declaration of Trust, the Bylaws,
          the Operating Partnership's Partnership Agreement, any other
          agreement, a vote of shareholders, a resolution of the Board of
          Trustees or otherwise, except that any payments otherwise required to
          be made by the Indemnitors hereunder shall be offset by any and all
          amounts received by the Indemnitee from any other indemnitor or under
          one or more liability insurance policies maintained by an indemnitor
          or otherwise and shall not be duplicative of any other payments
          received by an Indemnitee from the Indemnitors in respect of

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          the matter giving rise to the indemnity hereunder. No amendment,
          alteration or repeal of this Agreement or any provision hereof shall
          be effective as to the Indemnitee with respect to any action taken or
          omitted by the Indemnitee as a member of the Board of Trustees prior
          to such amendment, alteration or repeal.

     (B)  To the extent that the Company maintains an insurance policy or
          policies providing liability insurance for trustees and officers of
          the Company, the Indemnitee shall be covered by such policy or
          policies in accordance with its or their terms to the maximum extent
          of the coverage available and upon any "Change in Control" the Company
          shall use commercially reasonable efforts to obtain or arrange for
          continuation and/or "tail" coverage for the Indemnitee to the maximum
          extent obtainable at such time.

     (C)  In the event of any payment under this Agreement, the Indemnitors
          shall be subrogated to the extent of such payment to all of the rights
          of recovery of the Indemnitee, who shall execute all papers required
          and take all actions necessary to secure such rights, including
          execution of such documents as are necessary to enable the Indemnitors
          to bring suit to enforce such rights.

     (D)  The Indemnitors shall not be liable under this Agreement to make any
          payment of amounts otherwise indemnifiable hereunder if and to the
          extent that the Indemnitee has otherwise actually received such
          payment under any insurance policy, contract, agreement, or otherwise.

11.  CONTINUATION OF INDEMNITY

     (A)  All agreements and obligations of the Indemnitors contained herein
          shall continue during the period the Indemnitee is an officer or a
          member of the Board of Trustees of the Company and shall continue
          thereafter so long as the Indemnitee shall be subject to any
          threatened, pending or completed Proceeding by reason of such
          Indemnitee's Corporate Status and during the period of statute of
          limitations for any act or omission occurring during the Indemnitee's
          term of Corporate Status. This Agreement shall be binding upon the
          Indemnitors and their respective successors and assigns and shall
          inure to the benefit of the Indemnitee and such Indemnitee's heirs,
          executors and administrators.

     (B)  The Company and the Operating Partnership shall require and cause any
          successor (whether direct or indirect by purchase, merger,
          consolidation or otherwise) to all, substantially all or a substantial
          part, of the business and/or assets of the Company or the Operating
          Partnership, by written agreement in form and substance reasonably
          satisfactory to the Indemnitee, expressly to assume and agree to
          perform this Agreement in the same manner and to the same extent that
          the Company and the Operating Partnership would be required to perform
          if no such succession had taken place.

12.  SEVERABILITY

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     If any provision or provisions of this Agreement shall be held to be
invalid, illegal, or unenforceable for any reason whatsoever, (i) the validity,
legality, and enforceability of the remaining provisions of this Agreement
(including, without limitation, each portion of any paragraph of this Agreement
containing any such provision held to be invalid, illegal, or unenforceable,
that is not itself invalid, illegal, or unenforceable) shall not in any way be
affected or impaired thereby, and (ii) to the fullest extent possible, the
provisions of this Agreement (including, without limitation, each portion of any
paragraph of this Agreement containing any such provision held to be invalid,
illegal, or unenforceable, that is not itself invalid, illegal, or
unenforceable) shall be construed so as to give effect to the intent manifested
by the provisions held invalid, illegal, or unenforceable.

13.  EXCEPTION TO RIGHT OF INDEMNIFICATION OR ADVANCEMENT OF EXPENSES

     Notwithstanding any other provisions of this Agreement, the Indemnitee
shall not be entitled to indemnification or advancement of reasonable Expenses
under this Agreement with respect to any Proceeding initiated by such Indemnitee
against the Indemnitors other than a proceeding commenced pursuant to paragraph
8.

14.  NOTICE TO THE COMPANY SHAREHOLDERS

     Any indemnification of, or advancement of reasonable Expenses, to an
Indemnitee in accordance with this Agreement, if arising out of a Proceeding by
or in the right of the Company, shall be reported in writing to the shareholders
of the Company with the notice of the next Company shareholders' meeting or
prior to the meeting.

15.  PAYMENT BY THE OPERATING PARTNERSHIP OF AMOUNTS REQUIRED TO BE PAID OR
     ADVANCED BY THE COMPANY

     The obligations of the Company and the Operating Partnership under this
Agreement shall be joint and several. The Operating Partnership shall promptly
pay upon demand by the Company or the Indemnitee all amounts the Company is
required to pay or advance hereunder.

16.  HEADINGS

     The headings of the paragraph of this Agreement are inserted for
convenience only and shall not be deemed to constitute part of this Agreement or
to affect the construction thereof.

17.  MODIFICATION AND WAIVER

     No supplement, modification, or amendment of this Agreement shall be
binding unless executed in writing by each of the parties hereto. No waiver of
any of the provisions of this Agreement shall be deemed or shall constitute a
waiver of any other provisions hereof (whether or not similar) nor shall such
waiver constitute a continuing waiver.

                                       11

<PAGE>

18.  NOTICES

     All notices, requests, demands, and other communications hereunder shall be
in writing and shall be deemed to have been duly given if (i) delivered by hand
and receipted for by the party to whom said notice or other communication shall
have been directed, or (ii) mailed by certified or registered mail with postage
prepaid, on the third business day after the date on which it is so mailed, if
so delivered or mailed, as the case may be, to the following addresses:

     If to the Indemnitee, to the address set forth in the records of the
Company.

     If to the Indemnitors, to:

          U-Store-It Trust
          U-Store-It, L.P.
          6745 Engle Road, Suite 300
          Cleveland, OH 44130
          Attention: Steven Osgood
          Fax No.: 440/234-8776

          with a copy (which shall not constitute notice) to:

          U-Store-It Trust
          6745 Engle Road, Suite 300
          Cleveland, OH 44130
          Attention: Patricia Rocewicky
          Fax No.: 440/234-5899

or to such other address as may have been furnished to the Indemnitee by the
Indemnitors or to the Indemnitors by the Indemnitee, as the case may be.

19.  GOVERNING LAW

     The parties agree that this Agreement shall be governed by, and construed
and enforced in accordance with, the laws of the State of Maryland, without
application of the conflict of laws principles thereof.

20.  NO ASSIGNMENTS

     The Indemnitee may not assign its rights or delegate obligations under this
Agreement without the prior written consent of the Indemnitors. Any assignment
or delegation in violation of this Section 20 shall be null and void.

21.  NO THIRD PARTY RIGHTS

     Nothing expressed or referred to in this Agreement will be construed to
give any person other than the parties to this Agreement any legal or equitable
right, remedy or claim under or

                                       12

<PAGE>

with respect to this Agreement or any provision of this Agreement. This
Agreement and all of its provisions are for the sole and exclusive benefit of
the parties to this Agreement and their successors and permitted assigns.

22.  COUNTERPARTS

     This Agreement may be executed in two or more counterparts, each of which
shall be deemed an original, but all of which together constitute an agreement
binding on all of the parties hereto.

                  (Remainder of page intentionally left blank.)

                                       13

<PAGE>

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the day and year first above written.

                                        U-STORE-IT TRUST

                                        By: /s/ Robert J. Amsdell
                                            ------------------------------------
                                        Name: Robert J. Amsdell
                                        Title: Chairman of the Board of Trustees
                                               and Chief Executive Officer

                                        U-STORE-IT, L.P.

                                        By: U-Store-It Trust,
                                            its general partner

                                        By: /s/ Robert J. Amsdell
                                            ------------------------------------
                                        Name: Robert J. Amsdell
                                        Title: Chairman of the Board of Trustees
                                               and Chief Executive Officer

                                        INDEMNITEE:

                                        /s/ Kathleen A. Weigand
                                        ----------------------------------------
                                        Kathleen A. Weigand

                                       14<PAGE>
                                                                    Exhibit 10.3

                                                              GRANT NO.: _______

                                U-STORE-IT TRUST
                           2004 EQUITY INCENTIVE PLAN

                            DEFERRED SHARE AGREEMENT

     U-Store-It Trust, a Maryland real estate investment trust (the "Company"),
hereby grants rights to future delivery of common shares of beneficial interest,
$.01 par value of the Company (the "Shares"), to the individual named below as
the Grantee subject to the vesting conditions set forth in the attachment.
Additional terms and conditions of the grant are set forth in this cover sheet,
in the attachment, and in the Company's 2004 Equity Incentive Plan (the "Plan").
For purposes of the Plan, these rights are considered Share Units.

Grant Date: February 21, 2006

Name of Grantee: Kathleen A. Weigand

Grantee's Social Security Number: _____-_____-_____

Number of Deferred Shares Covered by Grant: 5,841

     BY SIGNING THIS COVER SHEET, YOU AGREE TO ALL OF THE TERMS AND CONDITIONS
DESCRIBED IN THIS AGREEMENT AND IN THE PLAN, A COPY OF WHICH WILL BE PROVIDED ON
REQUEST. YOU ACKNOWLEDGE THAT YOU HAVE CAREFULLY REVIEWED THE PLAN AND AGREE
THAT THE PLAN WILL CONTROL IN THE EVENT ANY PROVISION OF THIS AGREEMENT SHOULD
APPEAR TO BE INCONSISTENT WITH THE TERMS OF THE PLAN.

Grantee:
         /s/ Katheen A. Weigand
         ----------------------
                  (Signature)

Company:
         /s/ Steven G. osgood
         --------------------
                  (Signature)

         Title:
                President And Chief Financial Officer

Attachment

This is not a stock certificate or a negotiable instrument.

<PAGE>

                                U-STORE-IT TRUST
                           2004 EQUITY INCENTIVE PLAN

                            DEFERRED SHARE AGREEMENT

<TABLE>
<S>                              <C>
DEFERRED SHARES                  This grant is an award of deferred shares for
TRANSFERABILITY                  the number of shares set forth on the cover
                                 sheet, subject to the vesting conditions
                                 described below ("Deferred Shares"). Your
                                 Deferred Shares may not be transferred,
                                 assigned, pledged or hypothecated, whether by
                                 operation of law or otherwise, nor may the
                                 Deferred Shares be made subject to execution,
                                 attachment or similar process.

VESTING                          Your right to the Deferred Shares under this
                                 Deferred Share Agreement vests as to ten
                                 percent (10%) of the total number of Deferred
                                 Shares covered by this grant, as shown on the
                                 cover sheet, on January 30, 2007, provided you
                                 then continue in Service. Thereafter, for each
                                 of the next four (4) January 30 vesting dates
                                 that you remain in Service, the number of
                                 Deferred Shares vests at the rate of ten
                                 percent (10%) per year, provided you then
                                 continue in Service.

                                 Your right to the Deferred Shares under this
                                 Deferred Share Agreement vests as to ten
                                 percent (10%) of the total number of Deferred
                                 Shares covered by this grant, as shown on the
                                 cover sheet, on each January 30 commencing with
                                 January 30, 2007, and ending with January 30,
                                 2011 provided (i) you then continue in Service
                                 and (ii) the average annual total shareholder
                                 return (appreciation in share price and
                                 dividends) ("TSR") for the Company equals or
                                 exceeds ten percent commencing on January 30,
                                 2006. Any Shares which do not vest on a
                                 previous January 30 will vest on a subsequent
                                 January 30 if the average annual TSR from
                                 January 30, 2006 through such subsequent
                                 January 30 equals or exceeds ten percent (10%).
                                 In order to help mitigate the impact of sudden
                                 market swings, the measurement of the Company's
                                 TSR shall be based on the average share price
                                 of the Company's Shares for the 5 day period
                                 prior to January 30, 2006 and each January 30
                                 thereafter during the vesting period. Any
                                 Deferred Shares not vested due to failure to
                                 meet the annual or cumulative TSR goal as of
                                 January 30, 2011 will be forfeited.

                                 Your right to the Deferred Shares under this
                                 Deferred Share Agreement will become fully
                                 vested on your termination of Service due to
                                 death or Disability. No additional Deferred
                                 Shares will vest after your Service has
                                 terminated for any
</TABLE>

                                       2

<PAGE>

<TABLE>
<S>                              <C>
                                 reason.

DELIVERY OF STOCK                A certificate for the Shares represented by the
                                 Deferred Shares Agreement shall be delivered to
                                 you, or to your eligible beneficiary or your
                                 estate, at such time as the Deferred Shares
                                 become vested; provided, that, if required by
                                 Section 409A of the Internal Revenue Code and
                                 the regulations thereunder, delivery of the
                                 shares shall not be made earlier than six
                                 months after your separation from service
                                 within the meaning of Section 409A.

                                 Special Rule: If any Shares would otherwise be
                                 delivered to you during a period in which you
                                 are: (i) subject to a lock-up agreement
                                 restricting your ability to sell Shares in the
                                 open market or (ii) restricted from selling
                                 Shares in the open market because you are not
                                 then eligible to sell under the Company's
                                 insider trading or similar plan as then in
                                 effect (whether because a trading window is not
                                 open or you are otherwise restricted from
                                 trading), delivery of such Shares will not
                                 occur until the first date on which you are no
                                 longer prohibited from selling Shares due to a
                                 lock-up agreement or insider trading or similar
                                 plan restriction.

WITHHOLDING TAXES                You agree, as a condition of this grant, that
                                 you will make acceptable arrangements to pay
                                 any withholding or other taxes that may be due
                                 as a result of granting the Deferred Shares or
                                 your acquisition of Shares under this grant. In
                                 the event that the Company determines that any
                                 federal, state, local or foreign tax or
                                 withholding payment is required relating to
                                 this grant, the Company will have the right to:
                                 (i) require that you arrange such payments to
                                 the Company, (ii) withhold such amounts from
                                 other payments due to you from the Company or
                                 any Affiliate, or (iii) cause an immediate
                                 forfeiture of Shares subject to the Deferred
                                 Shares granted pursuant to this Agreement in an
                                 amount equal to the withholding or other taxes
                                 due.

RETENTION RIGHTS                 This Agreement does not give you the right to
                                 be retained or employed by the Company (or any
                                 Affiliates) in any capacity.

SHAREHOLDER RIGHTS               You do not have any of the rights of a
                                 shareholder with respect to the Deferred Shares
                                 unless and until the Shares relating to the
                                 Deferred Share Agreement has been delivered to
                                 you. You will, however, be entitled to receive,
                                 upon the Company's payment of a cash dividend
                                 on outstanding Shares, a cash payment for each
                                 Deferred Share that you
</TABLE>

                                       3

<PAGE>

<TABLE>
<S>                              <C>
                                 hold as of the record date for such dividend
                                 equal to the per-share dividend paid on the
                                 Shares. You do not have the right to make an
                                 election pursuant to Section 83(b) of the
                                 Internal Revenue Code of 1986, as amended, and
                                 any attempt to make such an election will
                                 result in the forfeiture of the Deferred
                                 Shares.

ADJUSTMENTS                      In the event of a Share split, a Shares
                                 dividend or a similar change in the Company
                                 Shares, the number of Deferred Shares covered
                                 by this grant will be adjusted (and rounded
                                 down to the nearest whole number) in accordance
                                 with the terms of the Plan.

APPLICABLE LAW                   This Agreement will be interpreted and enforced
                                 under the laws of the State of Maryland, other
                                 than any conflicts or choice of law rule or
                                 principle that might otherwise refer
                                 construction or interpretation of this
                                 Agreement to the substantive law of another
                                 jurisdiction.

CONSENT TO ELECTRONIC DELIVERY   The Company may choose to deliver certain
                                 statutory materials relating to the Plan in
                                 electronic form. By accepting this grant you
                                 agree that the Company may deliver the Plan
                                 prospectus and the Company's annual report to
                                 you in an electronic format. If at any time you
                                 would prefer to receive paper copies of these
                                 documents, as you are entitled to receive, the
                                 Company would be pleased to provide copies.
                                 Please contact the Corporate Secretary to
                                 request paper copies of these documents.

THE PLAN                         The text of the Plan is incorporated in this
                                 Agreement by reference. This Agreement and the
                                 Plan constitute the entire understanding
                                 between you and the Company regarding this
                                 grant of Deferred Shares. Any prior agreements,
                                 commitments or negotiations concerning this
                                 grant are superseded. The Plan will control in
                                 the event any provision of this Agreement
                                 should appear to be inconsistent with the terms
                                 of the Plan.
</TABLE>

     BY SIGNING THE COVER SHEET OF THIS AGREEMENT, YOU AGREE TO ALL OF THE TERMS
AND CONDITIONS DESCRIBED ABOVE AND IN THE PLAN.

                                       4

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