LEXINGTON CORPORATE PROPERTIES TRUST
EMPLOYEE NONVESTED SHARE AGREEMENT
This AGREEMENT is effective as of by and between Lexington Corporate Properties Trust, a Maryland real
estate investment trust (the "Company") and (the "Participant").
WHEREAS, the Company desired to provide an inducement and incentive to the Participant to perform his duties and fulfill
his responsibilities on behalf of the Company at the highest level of dedication and competence and therefore granted the
Participant common shares of the Company, par value $0.0001, on the date set forth above;
WHEREAS, the Company and the Participant wish to memorialize such grant vesting schedule and other terms and
NOW, THEREFORE, in consideration of the agreements hereinafter contained and other good and valuable consideration,
receipt of which is hereby acknowledged, the parties hereto agree as follows:
1. Grant of Shares.
(a) The Company and the Participant hereby acknowledge the grant which took place on the date set forth above to the
Participant of common shares of the Company (the "Common Shares"), which Common Shares are subject to vesting
and certain other restrictions that were agreed to among the parties hereto and are memorialized herein.
(b) The Participant deposited such share certificate(s) upon receipt thereof with the Company together with a share power
endorsed in blank or other appropriate instrument of transfer, to be held by the Company until the expiration of the applicable
portion of the Vesting Period (hereinafter defined). The foregoing to the contrary notwithstanding, the Participant agrees that,
in the Company's discretion, the Participant's ownership of the Common Shares may be evidenced solely by a "book
entry" (i.e., a computerized or manual entry) in the records of the Company or its designated share transfer agent in the
Participant's name. Upon