0001193125-04-132877 Sample Contracts

FORM OF INDEMNIFICATION AGREEMENT
Indemnification Agreement • August 6th, 2004 • American Campus Communities Inc • Hotels, rooming houses, camps & other lodging places • Maryland

THIS INDEMNIFICATION AGREEMENT is made and entered into this day of , 2004 (“Agreement”), by and between American Campus Communities, Inc., a Maryland corporation (the “Company”), and (“Indemnitee”).

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CONFIDENTIALITY AND NONCOMPETITION AGREEMENT
Confidentiality and Noncompetition Agreement • August 6th, 2004 • American Campus Communities Inc • Hotels, rooming houses, camps & other lodging places • Texas

This CONFIDENTIALITY AND NONCOMPETITION AGREEMENT (this “Agreement”) is made and entered into as of this day of , 2004, by and between American Campus Communities, Inc. (the “Company”) and (the “Executive”).

CONTRIBUTION AGREEMENT
Contribution Agreement • August 6th, 2004 • American Campus Communities Inc • Hotels, rooming houses, camps & other lodging places • New York
Stuart Davis Titan Investments Suite 340 Denver, CO 80237
American Campus Communities Inc • August 6th, 2004 • Hotels, rooming houses, camps & other lodging places

This letter is intended to set forth the general terms and conditions upon which the proposed Master Agreement (hereinafter defined) will be executed and upon which the proposed OPJV’s (hereinafter defined) will be formed and governed. Please understand that, except as otherwise set forth herein, this is merely a general letter of intent and is not intended to be binding upon the undersigned or any entities unless definitive and binding final agreements are signed. Subject to the terms and provisions hereof, the parties would be willing to enter into definitive and binding final agreements upon the following general terms and conditions:

American Campus Communities, Inc. [ Shares] Common Stock ($ 0.01 par value) Underwriting Agreement New York, New York
Underwriting Agreement • August 6th, 2004 • American Campus Communities Inc • Hotels, rooming houses, camps & other lodging places • New York
AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP LP August , 2004
Agreement of Limited Partnership • August 6th, 2004 • American Campus Communities Inc • Hotels, rooming houses, camps & other lodging places • Maryland

applying paragraphs (b), (c), or (d) in order to make another the constructive owner of such Ownership Interest, (iii) if an Ownership Interest may be considered as owned by an individual under paragraphs (a) or (g), it shall be considered as owned by him under paragraph (g), and (iv) for purposes of the above described rules, an S corporation shall be treated as a partnership and any stockholder of the S corporation shall be treated as a partner of such partnership except that this rule shall not apply for purposes of determining whether stock in the S corporation is constructively owned by any person.

OPTION AGREEMENT
Option Agreement • August 6th, 2004 • American Campus Communities Inc • Hotels, rooming houses, camps & other lodging places • New York

THIS OPTION AGREEMENT (this “Agreement”) is made on August , 2004, by and among American Campus Communities, Inc., a Maryland corporation (“Optionee” or the “Company”), RAP-ACP, LLC, a Delaware limited liability company (“RAP”), and RSVP Student Housing, LLC, a Delaware limited liability company (“RSVP”; and together with RAP, “Optionor”).

PURCHASE AND SALE AGREEMENT
Purchase and Sale Agreement • August 6th, 2004 • American Campus Communities Inc • Hotels, rooming houses, camps & other lodging places • New York

THIS PURCHASE AND SALE AGREEMENT (this “Agreement”) made by and between TITAN INVESTMENTS I, LLC, a Delaware limited liability company (“Titan I”) and ANTHONY J. PATINELLA, JR. (“Patinella”, with Titan I and Patinella being collectively referred to herein as “Sellers”) and RAP STUDENT HOUSING PROPERTIES, LLC, a Delaware limited liability company (“Purchaser”).

OPTION AGREEMENT
Option Agreement • August 6th, 2004 • American Campus Communities Inc • Hotels, rooming houses, camps & other lodging places • New York

THIS OPTION AGREEMENT (this “Agreement”) is made on August , 2004, by and between American Campus Communities, Inc., a Maryland corporation (“Optionee” or the “Company”), and RSVP Student Housing, LLC, a Delaware limited liability company (“Optionor”).

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