0001193125-10-097136 Sample Contracts

PENNSYLVANIA REAL ESTATE INVESTMENT TRUST RESTRICTED SHARE UNIT AND DIVIDEND EQUIVALENT RIGHTS AWARD AGREEMENT ISSUED PURSUANT TO THE
Restricted Share Unit and Dividend Equivalent Rights Award Agreement • April 29th, 2010 • Pennsylvania Real Estate Investment Trust • Real estate investment trusts • Pennsylvania

This RESTRICTED SHARE UNIT AND DIVIDEND EQUIVALENT RIGHTS AWARD AGREEMENT (the “Award Agreement”), dated on the day of April, 2010, is between Pennsylvania Real Estate Investment Trust, a Pennsylvania business trust (the “Trust”), and (the “Grantee”), a “Key Employee” under the Pennsylvania Real Estate Investment Trust 2003 Equity Incentive Plan (the “Plan”).

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