0001157523-14-002310 Sample Contracts

SEPARATION AGREEMENT AND MUTUAL GENERAL RELEASE
Supplemental Mutual General Release Agreement • May 23rd, 2014 • American Campus Communities Operating Partnership LP • Real estate investment trusts • Texas

This SEPARATION AGREEMENT AND MUTUAL GENERAL RELEASE (this "Agreement") dated as of May 20, 2014 is by and between Greg A. Dowell ("Executive") and American Campus Communities, Inc., a Maryland corporation (the "Company").

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FOURTH AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • May 23rd, 2014 • American Campus Communities Operating Partnership LP • Real estate investment trusts

This Fourth Amendment to Employment Agreement (this "Amendment"), dated as of May 20, 2014, by and between American Campus Communities, Inc. (the "Company") and James C. Hopke, Jr. ("Executive").

CONSULTING AGREEMENT
Consulting Agreement • May 23rd, 2014 • American Campus Communities Operating Partnership LP • Real estate investment trusts • Texas

WHEREAS, the parties have entered into a Separation Agreement, dated as of May 20, 2014 (the "Separation Agreement"), pursuant to which, among other things, Consultant resigned as an employee and officer of the Company and all entities related to the Company, and as a director, manager or similar functionary of all entities related to the Company, effective as of the Effective Date and settling the parties' respective obligations arising out of Consultant’s employment with the Company, including under the Employment Agreement, and certain other benefit arrangements of the Company in which Consultant has been a participant;

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