0001299933-06-004227 Sample Contracts

NON-QUALIFIED STOCK OPTION AGREEMENT
Non-Qualified Stock Option Agreement • June 16th, 2006 • Ramco Gershenson Properties Trust • Real estate investment trusts

AGREEMENT dated as of the (the “Effective Date”) between Ramco-Gershenson Properties Trust, a Maryland real estate investment trust (the “Company”), and (the “Optionee”) entered pursuant to the 2003 Non-Employee Trustee Stock Option Plan of Ramco-Gershenson Properties Trust (the “Plan”). Capitalized terms used herein but not defined herein shall have the meanings ascribed to them in the Plan.

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Restricted Stock Award Agreement Under 2003 Long-Term Incentive Plan
Restricted Stock Award Agreement • June 16th, 2006 • Ramco Gershenson Properties Trust • Real estate investment trusts

This Restricted Stock Award Agreement (the “Award Agreement”), dated as of the Grant Date specified above, is entered into by and between Ramco-Gershenson Properties Trust, a Maryland real estate investment trust (the “Trust”), and (the “Participant”). Capitalized terms not defined herein have the meanings ascribed to such terms in the 2003 Long-Term Incentive Plan of the Trust, as amended from time to time (the “Plan”).

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