0001193125-06-176825 Sample Contracts

REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • August 21st, 2006 • Bre Properties Inc /Md/ • Real estate investment trusts • New York

THIS REGISTRATION RIGHTS AGREEMENT (the “Agreement” ) is made and entered into as of August 15, 2006 between BRE PROPERTIES, Inc., a Maryland corporation (the “Company”) and the several initial purchasers (the “Initial Purchasers”) named in Schedule A to the Purchase Agreement (as defined below), for whom Wachovia Capital Markets, LLC and Deutsche Bank Securities Inc., are acting as representatives (each a “Representative”).

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SECOND SUPPLEMENTAL INDENTURE Dated as of August 15, 2006
Indenture • August 21st, 2006 • Bre Properties Inc /Md/ • Real estate investment trusts • New York

THIS SECOND SUPPLEMENTAL INDENTURE (this “Second Supplemental Indenture”), is entered into as of August 15, 2006, among BRE PROPERTIES, INC. , a corporation duly organized and existing under the laws of the State of Maryland (the “Company”), having its principal offices at 525 Market Street, 4th Floor, San Francisco, California 94105, and J.P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION (successor to Chase Manhattan Bank and Trust Company, National Association), a bank duly organized and existing under the laws of the United States, as Trustee hereunder (the “Trustee”), having its Corporate Trust Office at 600 Travis Street, Suite 1150, Houston, Texas 77002.

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