0000950137-08-000114 Sample Contracts

AMENDED AND RESTATED OPTION AGREEMENT
Amended and Restated Option Agreement • January 7th, 2008 • Equity Lifestyle Properties Inc • Real estate investment trusts • Illinois

This Amended and Restated Option Agreement (this “Agreement”), dated as of January 1, 2008, is by and among Privileged Access, LP, a Delaware limited partnership (“Grantor”), PATT Holding Company, LLC, a Delaware limited liability company (“PATT”), Outdoor World Resorts, LLC, a Delaware limited liability company (“OW”), PA-Trails Plus, LLC, a Delaware limited liability company (“PTP”), and Mid-Atlantic Resorts, LLC, a Delaware (“MAR”) and MHC T1000 Trust, a Maryland real estate investment trust (“Optionee”).

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BASIC LEASE INFORMATION Second Amended and Restated Lease Agreement dated as of January 1, 2008, amending and restating the Amended and Restated Lease Agreement dated as of April 14, 2006
Lease Agreement • January 7th, 2008 • Equity Lifestyle Properties Inc • Real estate investment trusts

Lease Expiration Date: January 15, 2020, which is the date which is fifteen (15) days after the last day of the 181st full calendar month following the Commencement Date, unless extended pursuant to paragraph 4(b) of the Lease.

EMPLOYMENT AGREEMENT
Employment Agreement • January 7th, 2008 • Equity Lifestyle Properties Inc • Real estate investment trusts • Illinois

THIS EMPLOYMENT AGREEMENT (this “Agreement”), dated as of January 1, 2008 (the “Effective Date”), is between MHC Operating Limited Partnership, an Illinois limited partnership (the “Company”), and Joe McAdams (“Executive”).

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