0001193125-17-006994 Sample Contracts

FIFTH AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • January 10th, 2017 • American Campus Communities Operating Partnership LP • Real estate investment trusts

This Fifth Amendment to Employment Agreement (this “Amendment”), dated as of January 10, 2017, by and between American Campus Communities, Inc. (the “Company”) and James C. Hopke, Jr. (“Executive”).

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SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • January 10th, 2017 • American Campus Communities Operating Partnership LP • Real estate investment trusts

This Second Amendment to Employment Agreement (this “Amendment”), dated as of January 10, 2017, by and between American Campus Communities, Inc. (the “Company”) and Daniel B. Perry (“Executive”).

SEPARATION AGREEMENT AND MUTUAL GENERAL RELEASE
Separation Agreement • January 10th, 2017 • American Campus Communities Operating Partnership LP • Real estate investment trusts • Texas

This SEPARATION AGREEMENT AND MUTUAL GENERAL RELEASE (this “Agreement”) dated as of January 10, 2017 is by and between Jonathan A. Graf (“Executive”) and American Campus Communities, Inc., a Maryland corporation (the “Company”).

FOURTH AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • January 10th, 2017 • American Campus Communities Operating Partnership LP • Real estate investment trusts

This Fourth Amendment to Employment Agreement (this “Amendment”), dated as of January 10, 2017, by and between American Campus Communities, Inc. (the “Company”) and William C. Bayless, Jr. (“Executive”).

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