0001193125-05-022503 Sample Contracts

Contract
Number 1 • February 9th, 2005 • Cornerstone Realty Income Trust Inc • Real estate investment trusts

AMENDMENT NUMBER 1 (this “Amendment”) to THE CHANGE IN CONTROL AGREEMENT, dated August 1, 2000 (the “Agreement”), by and between Cornerstone Realty Income Trust, Inc. (the “Company”) and S. J. Olander, Jr. (the “Executive”).

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February 8, 2005
Stock Option Agreement • February 9th, 2005 • Cornerstone Realty Income Trust Inc • Real estate investment trusts
Contract
Amendment Number 2 • February 9th, 2005 • Cornerstone Realty Income Trust Inc • Real estate investment trusts

AMENDMENT NUMBER 2 (this “Amendment”) to THE EMPLOYMENT AGREEMENT, dated October 1, 2001, which was amended effective September 21, 2004 (the “Agreement”), by and between Cornerstone Realty Income Trust, Inc. (the “Company”) and Stanley J. Olander (the “Executive”).

Contract
Amendment Number 2 • February 9th, 2005 • Cornerstone Realty Income Trust Inc • Real estate investment trusts

AMENDMENT NUMBER 2 (this “Amendment”) to THE EMPLOYMENT AGREEMENT, dated October 1, 2001, which was amended effective September 21, 2004 (the “Agreement”), by and between Cornerstone Realty Income Trust, Inc. (the “Company”) and Glade M. Knight (the “Executive”).

Contract
Number • February 9th, 2005 • Cornerstone Realty Income Trust Inc • Real estate investment trusts

AMENDMENT NUMBER 1 (this “Amendment”) to THE CHANGE IN CONTROL AGREEMENT, dated October 17, 2004 (the “Agreement”), by and between Cornerstone Realty Income Trust, Inc. (the “Company”) and David L. Carneal (the “Executive”).

Contract
Number • February 9th, 2005 • Cornerstone Realty Income Trust Inc • Real estate investment trusts

AMENDMENT NUMBER 1 (this “Amendment”) to THE CHANGE IN CONTROL AGREEMENT, dated October 17, 2004 (the “Agreement”), by and between Cornerstone Realty Income Trust, Inc. (the “Company”) and Gustav G. Remppies (the “Executive”).

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