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Stock Option
Award Agreement
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Equity
LifeStyle Properties, Inc.
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FEIN:
36-3857684
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Two North
Riverside Plaza
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Suite 800
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Chicago,
Illinois 60606
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Plan:
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1992 Stock
Option and Stock
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Award Plan, as
amended and restated
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Grantee’s
ID: ________________
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1.
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Effective ___, you have been granted
Options to purchase ___Shares of Equity LifeStyle Properties, Inc.
(the “Company”) at $___ per Share.
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2.
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The
total option price of the Options granted is $___.
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3.
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The
Options will become fully vested, and will expire, on the
respective dates shown below.
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# of Options
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Vest Type
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Full Vesting
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Expiration
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On Vesting Date
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<insert date>
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<insert date>
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On Vesting Date
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<insert date>
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<insert date>
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On Vesting Date
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<insert date>
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<insert date>
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4.
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(a)
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This Agreement is subject in all
respects to the Plan (as defined below). The Plan is incorporated
herein by reference as though set forth in full; unless the context
requires otherwise, capitalized terms not defined herein shall have
the respective meanings given to such terms in the Plan.
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(b)
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The
authority to manage a
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