FIRST AMENDMENT TO THE TAUBMAN COMPANY SUPPLEMENTAL RETIREMENT SAVINGS PLAN

The Taubman Company LLC (the “Company”, and formerly known as “The Taubman Company Limited Partnership”) has adopted and maintains The Taubman Company Supplemental Retirement Savings Plan, originally effective January 1, 1994 (the “Plan”).

Pursuant to Article X of the Plan, the Company has the right to amend the Plan at any time.

The Company desires to amend the Plan for compliance with Section 409A of the Internal Revenue Code of 1986, as amended.

Accordingly, the Plan is amended, effective immediately, in the following respects:

1.   The term “Supplemental Employer Contribution” is replaced with the term “Employer Fixed Contribution” wherever it appears in the Plan, so as to reflect the current Employer contribution nomenclature made under the 401(k) Plan as amended and restated effective as of January 1, 2007.

2.   Article II of the Plan is amended by the addition of a new Section 2.13 at the end thereof, reading as follows:

“2.13                      ‘ Termination of employment ’ and similar terms means a ‘separation from service’ as that term is defined under Code Section 409A and the regulations promulgated thereunder.”

3.   Section 4.2 of the Plan is amended by the addition of the following sentence at the end thereof, reading as follows:

“Any change in the amount of Employer Matching Contributions to be ma