0000950152-09-005016 Sample Contracts

FORM UNRESTRICTED SHARES AGREEMENT
Unrestricted Shares Agreement • May 11th, 2009 • Developers Diversified Realty Corp • Real estate investment trusts • Ohio

Developers Diversified Realty Corporation, an Ohio corporation (the “Company”), has granted to (the “Holder”), of the Company’s Common Shares, $0.10 par value per share (the “Unrestricted Shares”). The Unrestricted Shares have been granted pursuant to (the “Plan”) and are subject to all provisions of the Plan, which are hereby incorporated herein by reference, and to the following provisions of this Unrestricted Shares Agreement (this “Agreement”) (capitalized terms not defined herein are used as defined in the Plan):

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