Document:

Exhibit 10.14

Execution Copy

EMPLOYMENT AGREEMENT

     EMPLOYMENT AGREEMENT dated as of March 1, 2008 (the “Agreement”), by and between Marshall
Erdman & Associates, Inc., a Wisconsin corporation (the “Company”) and wholly owned subsidiary of
Cogdell Spencer LP, a Delaware Limited Partnership (the “Operating Partnership”) with its principal
place of business at One Erdman Place, Madison, WI 53717-2171 and Scott A. Ransom, residing at the
address set forth on the signature page hereof (the “Executive”).

     WHEREAS, the Company wishes to employ the Executive, and the Executive wishes to accept such
offer, on the terms set forth below:

     Accordingly, the parties hereto agree as follows:

     1. Term. The Company hereby employs the Executive, and the Executive hereby accepts
such employment, for an initial term (the “Initial Term”) commencing on March 1, 2008 and
continuing for a five-year period, unless sooner terminated in accordance with the provisions of
Section 4 or Section 5; with such employment to continue for successive one-year periods in
accordance with the terms of this Agreement (subject to termination as aforesaid) unless either
party notifies the other party of non-renewal in writing prior to 90 days before the expiration of
the initial term and each annual renewal, as applicable (the Initial Term, together with any such
extensions of employment hereunder, shall hereinafter be referred to as the “Term”).

     2. Duties. During the Term, the Executive shall be employed by the Company as
President and Chief Executive Officer and, as such, the Executive shall faithfully perform for the
Company the duties of said office and shall perform such other duties of an executive, managerial
or administrative nature as shall be specified and designated from time to time by the Chief
Executive Officer and President of Cogdell Spencer Inc. (the “CEO”), (including, without
limitation, the performance of duties for affiliates and subsidiaries of the Company). During the
Term, the Executive shall report directly to the CEO. The Executive shall devote substantially all
of his business time and effort to the performance of

 

 

his duties hereunder; provided that the following activities do not interfere with the Executive’s
ability to perform his duties hereunder, the Executive shall not be prohibited from performing
personal and charitable activities and engaging in any other business interests as may be approved
by the CEO in his discretion. During the Term, the Executive will be based primarily at the
Company’s offices in Madison, WI (subject to reasonable travel requirements of the business).

     3. Compensation.

          3.1 Salary. The Company shall pay the Executive during the Term a salary at the rate
of $315,000 per annum (the “Annual Salary”), in accordance with the customary payroll practices of
the Company applicable to senior executives (or, if there is no such policy, such practices of the
Company’s principal affiliates). At least annually, the CEO shall review the Executive’s Annual
Salary and may provide for increases therein as it may in its discretion deem appropriate.

          3.2 Bonus. During the Term, in addition to the Annual Salary, for each fiscal year of
the Company ending during the Term, the Executive shall have the opportunity to receive an annual
bonus based on 100% of the Executive’s Annual Salary, subject to performance goals and performance
multipliers set annually with the CEO (the “Annual Bonus”).

          3.3 Benefits — In General. The Executive shall be permitted during the Term to
participate in any group life, hospitalization or disability insurance plans, health programs,
equity-based plans, retirement plans, fringe benefit programs and similar benefits that may be
available to other senior executives of the Company generally, on the same terms as such other
executives, in each case to the extent that the Executive is eligible under the terms of such plans
or programs.

          3.4 Equity Incentive Award. The Executive will be entitled to annual grants of
equity-based incentive awards which may be in the form of LTIP units, restricted stock, restricted
stock units or any other equity-based award as determined by the Board of Directors of Cogdell
Spencer Inc., in its sole discretion, in such amounts as determined in accordance with Exhibit
A attached hereto.

          3.5 Expenses. The Company shall pay or reimburse the Executive for all ordinary and
reasonable out-of-pocket expenses actually incurred (and, in the case of reimbursement, paid) by
the

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Executive during the Term in the performance of the Executive’s services under this Agreement;
provided that the Executive submits proof of such expenses within 30 days of such expense being
paid by the Executive, with the properly completed forms as prescribed from time to time by the
Company in accordance with the Company’s policies regarding expense reimbursement.

          3.6. Certain Specific Benefits. The Company shall make available to the Executive,
vacation of 20 business days per year and an appropriate Company car allowance consistent with car
allowances for other senior executives.

     4. Termination upon Death or Disability. If the Executive dies during the Term, the
Term shall terminate as of the date of death, and the obligations of the Company to or with respect
to the Executive shall terminate in their entirety upon such date except as otherwise provided
under this Section 4. If the Executive by virtue of ill health or other disability is unable to
perform substantially and continuously the duties assigned to him for more than 180 consecutive or
non-consecutive days out of any consecutive 12-month period, the Company shall have the right, to
the extent permitted by law, to terminate the employment of the Executive upon notice in writing to
the Executive. Upon termination of employment due to death or disability, (i) the Executive (or
the Executive’s estate or beneficiaries in the case of the death of the Executive) shall be
entitled to receive any Annual Salary, Annual Bonus and other benefits earned and accrued under
this Agreement prior to the date of termination (and reimbursement under this Agreement for
expenses incurred prior to the date of termination), (ii) all outstanding unvested equity-based
awards (including, without limitation, stock options and restricted stock) held by the Executive
shall fully vest and become immediately exercisable, as applicable, subject to the other terms of
such awards, and (iii) except as otherwise required under applicable law, the Executive (or, in the
event of his death, his estate and beneficiaries) shall have no further rights to any other
compensation or benefits hereunder on or after the termination of employment, or any other rights
hereunder.

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     5. Certain Terminations of Employment.

          5.1 Termination by the Company for Cause; Termination by the Executive without Good
Reason.

(a) For purposes of this Agreement, “Cause” shall mean the Executive’s:

(i) conviction of, or formal admission to, a felony;

(ii) engagement in the performance of his duties hereunder, or otherwise to the material and
demonstrable detriment of the Company, in willful misconduct, willful or gross neglect, fraud,
misappropriation or embezzlement;

(iii) repeated failure to adhere to the directions of the CEO or the Board, or
to adhere to the Company’s policies and practices;

(iv) willful and continued failure to substantially perform his duties properly assigned to
him (other than any such failure resulting from his disability) after demand for substantial
performance is delivered by the Company specifically identifying the manner in which the Company
believes the Executive has not substantially performed such duties;

(v) breach of any of the provisions of Section 6; or

(vi) breach in any material respect of the terms and provisions of this Agreement and failure
to cure such breach within 90 days following written notice from the Company specifying such
breach;

provided that the Company shall not be permitted to terminate the Executive for Cause except on
written notice given to the Executive at any time following the occurrence of any of the events
described in clauses (i), (ii) or (v) above and on written notice given to the Executive at any
time not more than 30 days following the occurrence of, or if later, the Company’s knowledge of,
any of the events described in clause (iii), (iv) or (vi) above. No termination for Cause shall be
effective unless the CEO makes a Cause determination after notice to the Executive and the
Executive has been provided with the opportunity (with counsel of his choice) to contest the
determination at a meeting of the Board.

          (b) During the Term, the Company may terminate the Executive’s employment hereunder for Cause,
as provided above, and the Executive may terminate his employment without Good Reason on at least
30 days’ and not more than 60 days’ written notice given to the Company. If (i) the Company
terminates the Executive for Cause, or the Executive terminates his employment and the

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termination by the Executive is not for Good Reason in accordance with Section 5.2 or covered
by Section 5.3, the Executive shall receive Annual Salary and other benefits (but, in all events,
and without increasing the Executive’s rights under any other provision hereof, excluding any
bonuses not yet paid) earned and accrued under this Agreement prior to the termination of
employment (and reimbursement under this Agreement for expenses incurred prior to the termination
of employment); and (ii) a termination occurs in accordance with this Section 5.1, except as
otherwise required under applicable law, the Executive shall have no further rights to any other
compensation or benefits hereunder on or after the termination of employment, or any other rights
hereunder.

          5.2 Termination by the Company without Cause; Termination by the Executive for Good
Reason.

(a) For purposes of this Agreement, “Good Reason” shall mean, unless otherwise consented to by
the Executive,

(i) the material reduction of the Executive’s authority, duties and responsibilities, or the
assignment to the Executive of duties materially inconsistent with the Executive’s position or
positions with the Company;

(ii) a reduction in Annual Salary of the Executive;

(iii) the relocation of the Executive’s office to more than 50 miles from Madison,
WI; or

(iv) the Company’s material and willful breach of this Agreement.

Notwithstanding the foregoing, (i) Good Reason shall not be deemed to exist unless notice of
termination on account thereof (specifying a termination date no later than 30 days from the date
of such notice) is given no later than 90 days after the time at which the event or condition
purportedly giving rise to Good Reason first occurs or arises and (ii) if there exists (without
regard to this clause (ii)) an event or condition that constitutes Good Reason, the Company shall
have 60 days from the date notice of such a termination is given to cure such event or condition
and, if the Company does so, such event or condition shall not constitute Good Reason hereunder.

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          (b) During the Term, the Company may terminate the Executive’s employment at any time for any
reason or no reason and the Executive may terminate the Executive’s employment with the Company for
Good Reason. If the Company terminates the Executive’s employment and the termination is not
covered by Section 4, 5.1 or 5.3, or the Executive terminates his employment for Good Reason and
the termination by the Executive is not covered by Section 5.3, (i) the Executive shall receive
Annual Salary, Annual Bonus and other benefits earned and accrued under this Agreement prior to the
termination of employment (and reimbursement under this Agreement for expenses incurred prior to
the termination of employment); (ii) the Executive shall receive (A) a cash payment equal to 1.99
times the sum of (x) the Executive’s Annual Salary (as in effect on the effective date of such
termination) payable no later than 30 days after such termination and (y) the greater of (1) the
average of the two previous Annual Bonuses received by the Executive as provided for in Section
3.2, or (2) the maximum amount payable under Section 3.2 for the fiscal year in which the
termination occurs (the “Termination Bonus”), or, in the event the Executive has not received any
Annual Bonuses pursuant to Section 3.2 at the time of such termination, the Termination Bonus shall
be equal to the Annual Bonus the Executive would have received under Section 3.2 if the Executive
would have remained employed through the period required to be entitled to receive the Annual Bonus
and satisfied all target performance objectives, payable no later than 30 days after such
termination (or, if later, as soon as practicable, but in no event more than 30 days after, the
amount of the Termination Bonus is known) and (B) for a period of three years after termination of
employment such continuing health benefits (including any medical, vision or dental benefits),
under the Company’s health plans and programs applicable to senior executives of the Company
generally as the Executive would have received under this Agreement (and at such costs to the
Executive) as would have applied in the absence of such termination (but not taking into account
any post-termination increases in Annual Salary that may otherwise have occurred without regard to
such termination and that may have favorably affected such benefits); (iii) all outstanding
unvested equity-based awards held by the Executive shall vest and become immediately exercisable
and shall otherwise become free of restrictions and be exercisable in accordance with their terms
and the Executive shall become vested in any pension or other

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deferred compensation other than pension or deferred compensation under a plan intended to be
qualified under Section 401(a) or 403(a) of the Internal Revenue Code of 1986, as amended; and (iv)
except as otherwise required under applicable law, the Executive shall have no further rights to
any other compensation or benefits hereunder on or after the termination of employment, or any
other rights hereunder.

          (c) Notwithstanding clause (ii)(B) of the second sentence of Section 5.2(b), (i) nothing
herein shall restrict the ability of the Company to amend or terminate the plans and programs
referred to in such clause (ii)(B) from time to time in its sole discretion, but the Company may
not reduce benefits already earned and accrued by, but not yet paid to, the Executive, and (ii)
except as required by applicable law, the Company shall in no event be required to provide any
benefits otherwise required by such clause (ii)(B) after such time as the Executive becomes
entitled to receive benefits of the same type from another employer or recipient of the Executive’s
services (such entitlement being determined without regard to any individual waivers or other
similar arrangements).

          5.3 Change of Control.

          (a) Without duplication of the foregoing, upon a “Change in Control” (as defined below) while
the Executive is employed, all outstanding unvested equity-based awards (including stock options
and restricted stock) shall fully vest and become immediately exercisable, as applicable. In
addition, if, after a Change in Control, the Executive terminates his employment with the Company
for any reason on or before the first anniversary of the Change in Control, such termination shall
be deemed a termination by the Executive for Good Reason covered by Section 5.2, provided, that the
Executive provides no less than 30 days’ advance written notice to the Company.

          (b) For purposes of this Agreement, “Change in Control” shall have the same meaning as in The
Cogdell Spencer Inc. 2005 Long Term Incentive Compensation Plan (or any successor plan thereof).
For the avoidance of doubt and for purposes of this Agreement, a “Change in Control” shall not be
deemed to exist upon the foreclosure of Company securities due to an

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Event of Default (as defined in the Credit Agreement) under the Credit Facility between
Cogdell Spencer LP, Cogdell Spencer Inc. and Bank of America, N.A. dated March 10, 2008 (the
“Credit Agreement”).

          5.4 409A Suspension Period. Notwithstanding anything in this Section 5 to the
contrary, if the Company determines in good faith that any payment or benefit to the Executive
under this Section 5 constitutes a “deferral of compensation” under Section 409A of the Internal
Revenue Code of 1986, as amended (the “Code”) (as set forth in Treasury Regulations or binding
administrative notices or rulings issued by the Internal Revenue Service) and the Executive is a
“specified employee” within the meaning of Code Section 409A(a)(2)(B)(i), the Company shall delay
commencement of any such payment or benefit until six months after the Executive’s last day of
employment with the Company (the “409A Suspension Period”). Within 14 calendar days after the end
of the 409A Suspension Period, the Company shall pay to the Executive a lump sum payment in cash
equal to any payments and benefits that the Company would otherwise have been required to provide
under this Section 5 but for the imposition of the 409A Suspension Period. Thereafter, the
Executive shall receive any remaining payments and benefits, if any, due under this Section 5 in
accordance with the terms of this Section (as if there had not been any suspension period
beforehand).

          5.5 Waiver and Release. As a condition precedent to receiving the compensation and
benefits provided under Section 5.2(b) or 5.3(a), the Executive shall execute a waiver and release
in a form satisfactory to the Company containing, among other things, a general release of claims
against the Company.

     6. Covenants of the Executive.

          6.1 Consideration. The Executive acknowledges, understands and agrees that, in
consideration for agreeing to and complying with the terms and conditions contained in Section
6.2(a) hereof, he will be entitled to a lump sum payment, payable no later than 30 days after a
termination of the Executive’s employment under Section 5 of this Agreement, equal to the sum of
(i) the Executive’s Annual Salary for one year and (ii) the greater of (A) the average of the two
previous Annual Bonuses

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received by the Executive as provided for in Section 3.2, or (B) the maximum amount payable
under Section 3.2 for the fiscal year in which the termination occurs, or, in the event the
Executive has not received any Annual Bonuses pursuant to Section 3.2 at the time of such
termination, such Annual Bonus shall be equal to the Annual Bonus the Executive would have received
under Section 3.2 if the Executive would have remained employed through the period required to be
entitled to receive the Annual Bonus and satisfied all target performance objectives.
Notwithstanding the foregoing, within seven days of a termination of the Executive’s employment
under Section 5 of this Agreement, the Company may give written notice to the Executive stating
that it does not wish to enforce the terms and conditions contained in this Section 6, and upon
issuance of such notice, the Company will not be obligated to pay and the Executive will not be
entitled to receive any consideration under this Section 6 and the covenants contained in Section
6.2(a) will have no force and effect.

          6.2 Covenant Against Competition; Other Covenants. The Executive acknowledges that
(i) the principal business of the Company (which expressly includes for purposes of this Section 6
(and any related enforcement provisions hereof), its successors and assigns) is the ownership,
operation, development, redevelopment, acquisition and management of strategically located medical
office buildings and other healthcare related facilities, and the design, construction,
development, operation, acquisition, management or consulting for healthcare facilities (such
business and any and all other businesses that after the date hereof, and from time to time during
the Term, become material with respect to the Company’s then-overall business, herein being
collectively referred to as the “Business”); (ii) the Company is one of the limited number of
persons who have developed such a business; (iii) the Company’s Business is, in part, national in
scope; (iv) the Executive’s work for the Company has given and will continue to give him access to
the confidential affairs and proprietary information of the Company; (v) the covenants and
agreements of the Executive contained in this Section 6 are essential to the business and goodwill
of the Company; and (vi) the Company would not have entered into this Agreement but for the
covenants and agreements set forth in this Section 6. Accordingly, the Executive covenants and
agrees that:

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          (a) By and in consideration of the payments to be provided by the Company hereunder, and
further in consideration of the Executive’s exposure to the proprietary information of the Company,
the Executive covenants and agrees that, during the period commencing on the date hereof and ending
one year following the date upon which the Executive shall cease to be an employee of the Company
and its affiliates (the “Restricted Period”), he shall not (as defined below), directly or
indirectly, whether as an owner, partner, shareholder, principal, agent, employee, consultant or in
any other relationship or capacity, (i) engage in any element of the Business (other than for the
Company or its affiliates) or otherwise compete with the Company or its affiliates, (ii) render any
services to any person, corporation, partnership or other entity (other than the Company or its
affiliates) engaged in competition with the Company or its affiliates, or (iii) provide financial
assistance to or otherwise obtain an ownership interest in a competitor of the Company or its
affiliates; provided, however, that notwithstanding the foregoing, the Executive may invest in
securities of any entity, solely for investment purposes and without participating in the business
thereof, if (A) such securities are traded on any national securities exchange or the National
Association of Securities Dealers, Inc. Automated Quotation System, (B) the Executive is not a
controlling person of, or a member of a group which controls, such entity and (C) the Executive
does not, directly or indirectly, own 5% or more of any class of securities of such entity.

          (b) During and after the Restricted Period, the Executive shall keep secret and retain in
strictest confidence, and shall not use for his benefit or the benefit of others, except in
connection with the business and affairs of the Company and its affiliates, all confidential
matters relating to the Company’s Business and the business of any of its affiliates and to the
Company and any of its affiliates, learned by the Executive heretofore or hereafter directly or
indirectly from the Company or any of its affiliates (the “Confidential Company Information”), and
shall not disclose such Confidential Company Information to anyone outside of the Company except
with the Company’s express written consent and except for Confidential Company Information which is
at the time of receipt or thereafter becomes publicly known through no wrongful act of the
Executive or is received from a third party not under an obligation to keep such information
confidential and without breach of this Agreement.

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          (c) During the Restricted Period, the Executive shall not, without the Company’s prior written
consent, directly or indirectly, knowingly (i) solicit or encourage to leave the employment or
other service of the Company, or any of its affiliates, any employee or independent contractor
thereof or (ii) hire (on behalf of the Executive or any other person or entity) any employee or
independent contractor who has left the employment or other service of the Company or any of its
affiliates within the one-year period which follows the termination of such employee’s or
independent contractor’s employment or other service with the Company and its affiliates. From the
date hereof through the end of the two-year period commencing with the Executive’s termination of
employment with the Company, the Executive will not, whether for his own account or for the account
of any other person, firm, corporation or other business organization, intentionally interfere with
the Company’s or any of its affiliates’ relationship with, or endeavor to entice away from the
Company or any of its affiliates, any person who during the 12-month period prior to the
Executive’s termination is or was a customer or client of the Company or any of its affiliates.
During the Restriction Period, the Executive shall not publish any statement or make any statement
under circumstances reasonably likely to become public that is critical of the Company or any of
its affiliates, or in any way adversely affecting or otherwise maligning the Business or reputation
of the Company or any of its affiliates.

          (d) All memoranda, notes, lists, records, property and any other tangible product and
documents (and all copies thereof), whether visually perceptible, machine-readable or otherwise,
made, produced or compiled by the Executive or made available to the Executive concerning the
business of the Company or its affiliates, (i) shall at all times be the property of the Company
(and, as applicable, any affiliates) and shall be delivered to the Company at any time upon its
request, and (ii) upon the Executive’s termination of employment, shall be immediately returned to
the Company.

          6.3 Rights and Remedies upon Breach.

          (a) The Executive acknowledges and agrees that any breach by him of any of the provisions of
Section 6.2 (the “Restrictive Covenants”) would result in irreparable injury and damage for which
money damages would not provide an adequate remedy. Therefore, if the Executive breaches, or

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threatens to commit a breach of, any of the provisions of Section 6.2, the Company and its
affiliates, in addition to, and not in lieu of, any other rights and remedies available to the
Company and its affiliates under law or in equity (including, without limitation, the recovery of
damages), shall have the right and remedy to have the Restrictive Covenants specifically enforced
(without posting bond and without the need to prove damages) by any court having equity
jurisdiction, including, without limitation, the right to an entry against the Executive of
restraining orders and injunctions (preliminary, mandatory, temporary and permanent) against
violations, threatened or actual, and whether or not then continuing, of such covenants.

          (b) The Executive agrees that in any action seeking specific performance or other equitable
relief, he will not assert or contend that any of the provisions of this Section 6 are unreasonable
or otherwise unenforceable. The existence of any claim or cause of action by the Executive,
whether predicated on this Agreement or otherwise, shall not constitute a defense to the
enforcement of the Restrictive Covenants.

     7. Other Provisions.

          7.1 Severability. The Executive acknowledges and agrees that (i) he has had an
opportunity to seek advice of counsel in connection with this Agreement and (ii) the Restrictive
Covenants are reasonable in geographical and temporal scope and in all other respects. If it is
determined that any of the provisions of this Agreement, including, without limitation, any of the
Restrictive Covenants, or any part thereof, is invalid or unenforceable, the remainder of the
provisions of this Agreement shall not thereby be affected and shall be given full effect, without
regard to the invalid portions.

          7.2 Duration and Scope of Covenants. If any court or other decision-maker of
competent jurisdiction determines that any of the Executive’s covenants contained in this
Agreement, including, without limitation, any of the Restrictive Covenants, or any part thereof, is
unenforceable because of the duration or geographical scope of such provision, then, after such
determination has become final and unappealable, the duration or scope of such provision, as the
case may be, shall be

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reduced so that such provision becomes enforceable and, in its reduced form, such provision
shall then be enforceable and shall be enforced.

          7.3 Enforceability; Jurisdiction; Arbitration.

          (a) The Company and the Executive intend to and hereby confer jurisdiction to enforce the
Restrictive Covenants set forth in Section 6 upon the courts of any jurisdiction within the
geographical scope of the Restrictive Covenants. If the courts of any one or more of such
jurisdictions hold the Restrictive Covenants wholly unenforceable by reason of breadth of scope or
otherwise, it is the intention of the Company and the Executive that such determination not bar or
in any way affect the Company’s right, or the right of any of its affiliates, to the relief
provided above in the courts of any other jurisdiction within the geographical scope of such
Restrictive Covenants, as to breaches of such Restrictive Covenants in such other respective
jurisdictions, such Restrictive Covenants as they relate to each jurisdiction’s being, for this
purpose, severable, diverse and independent covenants, subject, where appropriate, to the doctrine
of res judicata. The parties hereby agree to waive any right to a trial by jury
for any and all disputes hereunder (whether or not relating to the Restricted Covenants).

          (b) Any controversy or claim arising out of or relating to this Agreement or the breach of
this Agreement (other than a controversy or claim arising under Section 6, to the extent necessary
for the Company (or its affiliates, where applicable) to avail itself of the rights and remedies
referred to in Section 6.3) that is not resolved by the Executive and the Company (or its
affiliates, where applicable) shall be submitted to arbitration in Charlotte, North Carolina in
accordance with North Carolina law and the procedures of the American Arbitration Association. The
determination of the arbitrator(s) shall be conclusive and binding on the Company (or its
affiliates, where applicable) and the Executive and judgment may be entered on the arbitrator(s)’
award in any court having jurisdiction.

          7.4 Notices. Any notice or other communication required or permitted hereunder shall
be in writing and shall be delivered personally, telegraphed, telexed, sent by facsimile
transmission or sent by certified, registered or express mail, postage prepaid. Any such notice
shall be deemed given when so delivered personally, telegraphed, telexed or sent by facsimile
transmission or, if mailed, five

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days after the date of deposit in the United States mails as follows:

	 	(i)	 	If to the Company, to:

	 
	 	 	 	Marshall Erdman & Associates, Inc.

One Erdman Place

Madison, WI 53717-2171

Attention: Julia Houck, VP, Human Resources

	 
	 	 	 	with copies to:

	 
	 	 	 	Cogdell Spencer Inc.

4401 Barclay Downs Drive, Suite 300

Charlotte, North Carolina 28209-4670

Attention: Frank C. Spencer

	 
	 	 	 	and

	 
	 	 	 	Clifford Chance US LLP

31 West 52 Street

New York, New York 10019

Attention: Jay Bernstein

	 
	 	(ii)	 	If to the Executive, to:

	 
	 	 	 	Scott A. Ransom

[at the address set forth on the signature page hereof]

Any such person may by notice given in accordance with this Section 7.4 to the other parties hereto
designate another address or person for receipt by such person of notices hereunder.

          7.5 Entire Agreement. This Agreement contains the entire agreement between the
parties with respect to the subject matter hereof and supersedes all prior agreements, written or
oral, with respect thereto.

          7.6 Waivers and Amendments. This Agreement may be amended, superseded, canceled,
renewed or extended, and the terms hereof may be waived, only by a written instrument signed by the
parties or, in the case of a waiver, by the party waiving compliance. No delay on the part of any
party in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor
shall any waiver on the part of any party of any such right, power or privilege nor any single or
partial exercise of any such right, power or privilege, preclude any other or further exercise
thereof or the exercise of any other such right, power or privilege.

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          7.7 GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NORTH CAROLINA WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW WHICH
COULD CAUSE THE APPLICATION OF THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF NORTH CAROLINA.

          7.8 Assignment. This Agreement, and the Executive’s rights and obligations hereunder,
may not be assigned by the Executive; any purported assignment by the Executive in violation hereof
shall be null and void. In the event of any sale, transfer or other disposition of all or
substantially all of the Company’s assets or business, whether by merger, consolidation or
otherwise, the Company may assign this Agreement and its rights hereunder.

          7.9 Withholding. The Company shall be entitled to withhold from any payments or
deemed payments any amount of tax withholding it determines to be required by law.

          7.10 No Duty to Mitigate. Except as may be provided in Section 5.2(c)(ii), the
Executive shall not be required to mitigate damages or the amount of any payment provided for under
this Agreement by seeking other employment or otherwise, nor will any payments hereunder be subject
to offset in the event the Executive does mitigate.

          7.11 Binding Effect. This Agreement shall be binding upon and inure to the benefit of
the parties and their respective successors, permitted assigns, heirs, executors and legal
representatives.

          7.12 Counterparts. This Agreement may be executed by the parties hereto in separate
counterparts, each of which when so executed and delivered shall be an original but all such
counterparts together shall constitute one and the same instrument. Each counterpart may consist
of two copies hereof each signed by one of the parties hereto.

          7.13 Survival. Anything contained in this Agreement to the contrary notwithstanding,
the provisions of Sections 6, 7.3 and 7.9, and the other provisions of this Section 7 (to the
extent

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necessary to effectuate the survival of Sections 6, 7.3 and 7.9), shall survive termination of
this Agreement and any termination of the Executive’s employment hereunder.

          7.14 Existing Agreements. The Executive represents to the Company that he is not
subject or a party to any employment or consulting agreement, non-competition covenant or other
agreement, covenant or understanding which might prohibit him from executing this Agreement or
limit his ability to fulfill his responsibilities hereunder.

          7.15 Headings. The headings in this Agreement are for reference only and shall not
affect the interpretation of this Agreement.

          7.16 Parachutes. If any amount payable to or other benefit receivable by the Executive
pursuant to this Agreement is deemed to constitute a Parachute Payment (as defined below), alone or
when added to any other amount payable or paid to or other benefit receivable or received by the
Executive which is deemed to constitute a Parachute Payment (whether or not under an existing plan,
arrangement or other agreement), and would result in the imposition on the Executive of an excise
tax under Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”), then, in
addition to any other benefits to which the Executive is entitled under this Agreement, the
Executive shall be paid by the Company an amount in cash equal to the sum of the excise taxes
payable by the Executive by reason of receiving Parachute Payments plus the amount necessary to put
the Executive in the same after-tax position (taking into account any and all applicable federal,
state and local excise, income or other taxes at the highest applicable rates on such Parachute
Payments and on any payments under this Section 7.16) as if no excise taxes had been imposed with
respect to Parachute Payments. “Parachute Payment” shall mean a “parachute payment” as defined in
Section 280G of the Code. The amount of any payment under this Section 7.16 shall be computed by a
certified public accounting firm selected by the Company and reasonably acceptable to the
Executive.

[the remainder of the page left intentionally blank]

16

 

     IN WITNESS WHEREOF, the parties hereto have signed their names as of the day and year first
above written.

	 	 	 	 	 	 	 
	 	 	MARSHALL ERDMAN & ASSOCIATES	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	EXECUTIVE:	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	Scott A. Ransom	 	 

17

 

EXHIBIT A

EQUITY INCENTIVE AWARD

The Executive’s equity incentive awards will be based on the following two parts: (i) achievement
of Marshall Erdman TRS’s EBITDA in excess of projections and (ii) new development projects
completed between 2008 and 2012, each as set forth in more detail below.

1) EBITDA:

     For each year in which Marshall Erdman TRS’s EBITDA (as determined by the Board in accordance
with the Company’s ordinary practice), excluding income relating to development projects financed
by Cogdell Spencer Inc. or one of its affiliated companies (i.e., development fees), exceeds it’s
Projected EBITDA for such year as set forth in the following table, the Executive will be entitled
to equity-based awards equal to 16% of such excess.

	 	 	 
	 	 	Marshall Erdman TRS’s
	Year	 	Projected EBITDA
	2008

	 	$29.3 Million1
	2009

	 	$33.4 Million
	2010

	 	$37.6 Million
	2011

	 	$43.5 Million
	2012

	 	$50.9 Million

2) Medical Office Development Projects:

     For each new development project completed between the years 2008 and 2012 by Cogdell Spencer
Inc. (excluding existing development projects currently being developed or identified for
development by Cogdell Spencer Inc. and its affiliates as of the execution date of this Agreement),
the Executive will be entitled to receive equity-based awards equal to 0.5% of the asset value of
each new completed and owned development project.

 

			
	1	 	To be prorated to reflect a partial calendar year eginning with the execution date of this Agreement.

18Exhibit 10.15

Cogdell Spencer Inc.

Cogdell Spencer LP

4401 Barclay Downs Drive

Suite 300

Charlotte, North Carolina 28209-4670

[DATE]

Ladies and Gentlemen:

     Reference is made to the Agreement and Plan of Merger (the “Merger Agreement”), dated as of
January 23, 2008, by and among Cogdell Spencer Inc., a Maryland corporation (the “Parent”), Cogdell
Spencer LP, a Delaware limited partnership subsidiary of Parent (the “Operating Partnership”),
Goldenboy Acquisition Corp., a Wisconsin corporation and a wholly-owned subsidiary of the Operating
Partnership (“Merger Sub”), MEA Holdings, Inc., a Wisconsin corporation (the “Holding Company”),
Marshall Erdman & Associates, Inc., a Wisconsin corporation (“MEA”), and Marshall Erdman
Development, LLC, a Wisconsin limited liability company, and David Pelisek, David Lubar and Scott
Ransom, in their capacity as the Seller Representative. Capitalized terms used but not defined
herein have the meanings ascribed to them in the Merger Agreement.

     As contemplated by the Merger Agreement, by execution of this Agreement, the Contributor named
herein has agreed, in lieu of receiving the Merger Consideration payable in respect of such
Contributor’s Common Shares, to receive, subject to the terms and conditions of this Agreement, OP
Units (as defined in the partnership agreement (the “Partnership Agreement”)) of the Operating
Partnership in exchange for such Contributor’s Common Shares (the “Contributions”). It is intended
for U.S. federal income tax purposes that the Contribution be treated as a Contribution by the
Contributor of the Contributor’s Common Shares to the Operating Partnership in exchange for
partnership interests under section 721 of the Internal Revenue Code of 1986, as amended (the
“Code”). The parties agree to file all tax returns, filings and all related items consistent with
such position, unless to the extent otherwise required by law.

     1. Contribution and Subscription. The Contributor hereby agrees, subject to the
terms and conditions hereof, to contribute to the Operating Partnership the Common Shares shown on
Appendix A in exchange for which the Contributor hereby subscribes for and agrees to receive (i) at
the Closing, the number of OP Units equal to the amount of the Merger Consideration otherwise
payable to the Contributor in respect of such Contributor’s Common Shares at the Closing divided by
$17.01 and (ii) on each date (each a “Distribution Date”) that some or all of the Merger
Consideration is payable to Holding Company shareholders under the Merger Agreement (including out
of any of the separate funds established thereunder), the number of OP Units equal to the amount of
the Merger Consideration otherwise payable to the Contributor in respect of such Contributor’s
Common Shares on such Distribution Date divided by $17.01. At the Closing, the Contributor shall
become a limited partner in the Operating Partnership and shall be bound by the terms and
provisions of the Partnership Agreement and shall take all actions and execute all documents to
effectuate the foregoing. By executing this Agreement, the Contributor hereby consents to and
votes in favor of the Merger and the other transactions contemplated by the Merger Agreement.

     2. Other Deliverables. On the date of this Agreement, the Contributor has delivered
to Parent or the Operating Partnership, as applicable, (a) a duly completed and executed Form W-9
and FIRPTA Affidavit in the form of Exhibit A hereto; and (b) two duly completed and executed
signature pages to this Agreement. As provided in paragraph 7 hereof, by executing this Agreement,
the

Item 2-1

 

Contributor is granting a power-of-attorney to the Parent to execute, on behalf of the
undersigned at the Closing, the Registration Rights Agreement, in the form attached hereto as
Exhibit B (the “Registration Rights Agreement”), the Lock-Up Agreement, in the form attached
hereto as Exhibit C (the “Lock-Up Agreement”), the Partnership Agreement, and all other documents
reasonably necessary to complete the transactions contemplated by the Merger Agreement and this
Agreement. The Registration Rights Agreement, the Lock-Up Agreement and this Agreement are
collectively referred to in this Agreement as the “Subscription Documents.”

     3. Alternative Units. Notwithstanding anything to the contrary contained in paragraph
1 above, the Operating Partnership reserves the right, in its discretion, to substitute for one or
more of the OP Units otherwise issuable to the Contributor as provided in paragraph 1, an
equivalent number of a separate class of units of limited partnership interest in the Operating
Partnership (the “Alternative Units” and together with the OP Units, the “Offered Units”), which
will be substantially similar to the OP Units, except that, upon issuance, the Alternative Units
will not provide for redemption rights similar to those provided under Section 8.6 of the
Partnership Agreement for OP Units, unless such redemption is first approved by a vote of Parent
common stockholders. The terms of the Alternative Units will provide that Parent shall make
reasonable efforts to obtain a stockholder vote to approve the redemption (“Parent Stockholder
Approval”), beginning with using all reasonable efforts to present a proposal to permit the
redemption of the Alternative Units to Parent’s common stockholders at the first annual meeting of
stockholders immediately subsequent to the initial issuance of the Alternative Units. If the
Parent Stockholder Approval is not obtained, Parent shall submit such approval at each subsequent
regularly scheduled annual meeting of stockholders for as long as the Alternative Units remain
outstanding. In the event that Parent Stockholder Approval has not been obtained prior to June 30,
2008, ordinary distributions per Alternative Unit payable after June 30, 2008 shall be increased to
105% of the ordinary distributions per OP Unit payable after June 30, 2008. In the event that the
Parent Stockholder Approval has not been obtained prior to June 30, 2009, ordinary distributions
per Alternative Unit payable after June 30, 2009 shall be increased to 110% of the ordinary
distributions per OP Unit payable after June 30, 2009. In the event that the Parent Stockholder
Approval has not been obtained prior to June 30, 2010, ordinary distributions per Alternative Unit
payable after June 30, 2010 shall be increased to 115% of the ordinary distributions per OP Unit
payable after June 30, 2010. If the Parent Stockholder Approval has been obtained, future ordinary
distributions per Alternative Unit shall equal the ordinary distributions per OP Unit and each
holder of Alternative Units will have the right at any time after the one-year anniversary of the
closing of the Merger, at such holder’s option, to exercise redemption rights with regard to the
Alternative Units substantially in accordance with those provided in Section 8.6 of the Partnership
Agreement, subject to any lock-up agreement then in effect for such holder. If the Parent
Stockholder Approval has been obtained, at the Operating Partnership’s option, the Operating
Partnership may exchange an OP Unit for each Alternative Unit outstanding.

     4. Representations, Warranties and Covenants of the Contributor. The Contributor
hereby acknowledges, represents and warrants to, and covenants and agrees with Parent and the
Operating Partnership as follows:

          4.1 Authorization. Such Contributor has full power and authority to enter into the
Subscription Documents and to consummate the transactions contemplated by the Subscription
Documents. The execution and delivery of the Subscription Documents by such Contributor and the
consummation by such Contributor of the transactions contemplated by the Subscription Documents
have been duly authorized by all necessary action on the part of such Contributor and will not
constitute or result in a breach or default under, or conflict with or violate, any agreement or
other undertaking, to which such Contributor is a party or by which such Contributor is bound or
with any judgment, decree, statute, order, rule or regulation applicable to such Contributor or
such Contributor’s assets, and, if the Contributor is not an individual, will not violate any
provisions of the organizational or other formation or

Item 2-2

 

governing documents of such Contributor. The Subscription Documents have been duly executed
and delivered by such Contributor and constitute valid and legally binding obligations of such
Contributor enforceable against such Contributor in accordance with and subject to their respective
terms, subject to applicable bankruptcy, insolvency, moratorium or other similar laws relating to
creditors’ rights and general principles of equity. The signatures on the Subscription Documents
are genuine, and the signatory, if such Contributor is an individual, has legal competence and
capacity to execute the same, or, if such Contributor is not an individual, the signatory has been
duly authorized to execute the same on behalf of such Contributor.

          4.2 Purchase for Investment. Such Contributor is acquiring Offered Units and any
shares of common stock in Parent that may be issued upon the redemption of such Offered Units (such
shares together with the Offered Units being herein referred to as the “Offered Securities”) for
such Contributor’s own account (or if such Contributor is a trustee, for a trust account) for
investment only, and not with a view to or for sale in connection with any distribution of such
Offered Securities. Such Contributor hereby agrees that such Contributor shall not, directly or
indirectly, transfer all or any part of such Offered Securities (or solicit any offers to buy,
purchase or otherwise acquire or take a pledge of all or any part of the Offered Securities),
except in accordance with the registration provisions of the Securities Act of 1933, as amended
(the “Securities Act”), and the regulations thereunder or an exemption from such registration
provisions, with any applicable state or non-U.S. securities laws, and with the terms of this
Agreement. Such Contributor understands that such Contributor must bear the economic risk of an
investment in the Offered Securities for an indefinite period of time because, among other reasons,
the offering and sale of such Offered Securities have not been registered under the Securities Act
and, therefore, such Offered Securities cannot be resold unless such resale is subsequently
registered under the Securities Act or an exemption from such registration is available. Such
Contributor also understands that sales or transfers of such Offered Securities are further
restricted by the provisions of the Parent’s charter or the organizational agreements of the
Operating Partnership, and may be restricted by other applicable securities laws. If at any time
the Offered Securities are evidenced by certificates or other documents, each such certificate or
other document shall contain a legend stating that (i) such Offered Securities (1) have not been
registered under the Securities Act or the securities laws of any state; (2) have been issued
pursuant to a claim of exemption from the registration provisions of the Securities Act and any
state securities law which may be applicable; and (3) may not be sold, transferred or assigned
without compliance with the registration provisions of the Securities Act and the regulations
thereunder and any other applicable U.S. federal, state or non-U.S. securities laws or compliance
with applicable exemptions therefrom; (ii) sale, transfer or assignment of such Offered Securities
is further subject to restrictions contained in the organizational documents of the issuer of such
securities and such Offered Securities may not be sold, transferred or assigned unless and to the
extent permitted by, and in accordance with, the provisions of the organizational documents of such
issuer; and (iii) sale, transfer or assignment of such Offered Securities is subject to
restrictions contained in the Lock-Up Agreement being executed by such Contributor on the date of
this Agreement.

          4.3 Information. Such Contributor has carefully reviewed the Confidential Offering
Memorandum that has been provided to Contributor and the Subscription Documents. Such Contributor
has been provided an opportunity to ask questions of, and such Contributor has received answers
thereto satisfactory to such Contributor from, Parent or its representatives regarding the terms
and conditions of the offering of the Offered Securities, and such Contributor has obtained all
additional information requested by such Contributor of the Operating Partnership or Parent and
their representatives to verify the accuracy of all information furnished to such Contributor
regarding the offering of such Offered Securities. Such Contributor represents and warrants that
such Contributor is not relying on the Operating Partnership or Parent or any of their
subsidiaries, affiliates or any of their respective representatives or agents with respect to any
tax or other economic considerations involved in connection with the subscription for the Offered
Securities. Such Contributor represents and warrants that such

Item 2-3

 

Contributor has been advised to consult with his, her or its tax, legal and other advisors
regarding the subscription and its effects, the tax consequences of making and not making a
subscription hereunder, and has obtained, in such Contributor’s judgment, sufficient information to
evaluate the merits and risks of a subscription and investment hereunder.

          4.4 Economic and Liquidity Risk. Such Contributor has such knowledge and experience
in financial and business matters such that such Contributor is capable of evaluating the merits
and risks in making a subscription for the Offered Securities, and that such Contributor has
evaluated the risks of investing in the Offered Securities and has determined that they are a
suitable investment for such Contributor. Such Contributor represents and warrants that such
Contributor understands that an investment in the Offered Securities is a speculative investment
that involves very significant risks and tax uncertainties and that such Contributor is prepared to
bear the economic, tax and other risks of an investment in the Offered Securities for an indefinite
period of time, and is able to withstand a total loss of such Contributors investment in the
Offered Securities.

          4.5 Eligibility; Accredited Investor Status. Such Contributor represents and warrants
that such Contributor is an “accredited investor” as defined in Regulation D under the Securities
Act (“Accredited Investor”). Such Contributor will, upon request, execute and/or deliver any
additional documents deemed by Parent to be necessary or desirable to confirm such Contributor’s
Accredited Investor status.

          4.6 Ownership of the Contributor’s Common Shares. Such Contributor has, or on the
Closing Date will have, good and marketable title to the Contributor’s Common Shares listed on
Appendix A and such Common Shares will, on the date they are contributed to the Operating
Partnership, be free and clear of all pledges, claims, liens, restrictions, charges, encumbrances,
security interests, conditional sales agreements and other obligations of any kind or nature. Such
Contributor will, upon request, execute, deliver and/or provide any additional documents deemed by
the Parent to be necessary or desirable to confirm the foregoing.

          4.7 Contributor Information. Such Contributor represents and warrants that Appendix A
correctly sets forth, for such Contributor, (a) the principal residence of such Contributor if such
Contributor is a natural person, (b) the place of business (or, if there is more than one place of
business, the chief executive office) of such Contributor if such Contributor is a corporation,
partnership, limited liability company, business trust or other entity (an “Entity”), (c) the state
of incorporation, organization or formation of such Contributor, (d) the information specified in
clauses (a) and (b) of this paragraph 4.7 as to each trustee of such Contributor if such
Contributor is a trust (other than a business trust) and such trustee is a natural person and (e)
the information specified in clauses (b) and (c) of this paragraph 4.7 as to each trustee of such
Contributor if such Contributor is a trust (other than a business trust) and such trustee is an
Entity.

          4.8 Status as Foreign Person. Such Contributor is not a foreign person and is not
owned directly or indirectly, in whole or in part, by a foreign person as determined for purposes
of the Code, including for purposes of Section 897(h)(4) of the Code and the regulations
promulgated thereunder.

          4.9 Continuing Efforts. Subject to the terms and conditions herein provided, such
Contributor covenants and agrees to use its best efforts to take, or cause to be taken, all actions
and do, or cause to be done, all things necessary, proper and/or appropriate to consummate and make
effective the transactions contemplated by this Agreement.

Item 2-4

 

          4.10 No Brokers or Finders. Such Contributor has not entered into any agreement and
is not otherwise liable or responsible to pay any brokers’ or finders’ fees or expenses to any
person or Entity with respect to this Agreement or the purchase and issuance of any Offered
Securities contemplated hereby, except for any such person or Entity the fees and expenses for
which such Contributor shall be solely responsible for and pay.

          4.11 Waive of Dissenters’ Rights. Such Contributor expressly and unconditionally
waives any right to seek appraisal rights (as defined in Section 1.5 of the Merger Agreement) in
respect of the Merger.

     The representations, warranties, covenants and agreements contained in this Agreement shall
survive each Distribution Date.

     5. Conditions to the Consummation of the Transaction.

     A. Conditions to the Obligations of the Operating Partnership and Parent. The
obligations of the Operating Partnership and Parent to accept the subscription from, and to issue
Offered Units to, the Contributor pursuant to this Agreement are subject to the fulfillment of the
following conditions, any one or more of which may be waived by Parent:

          1 Representations, Warranties and Covenants. The representations and warranties of
the Contributor contained in this Agreement shall be true, correct and complete in all material
respects on and as of the first Distribution Date under this Agreement with the same force and
effect as though made on and as of such first Distribution Date unless expressly stated herein to
be made as of a specified date. The Contributor shall have performed in all material respects all
obligations required to be performed by him, her or it under this Agreement at or prior to such
first Distribution Date.

          2 Closing Documents. The Contributor shall have duly executed and delivered to the
Parent and the Operating Partnership on or prior to the Closing Date all documents that are
reasonably requested by the Parent to effectuate the transactions contemplated hereby.

          3 Closing of the Merger. The Closing under the Merger Agreement shall have occurred
or shall be imminent.

     B. Conditions to the Obligations of the Contributor. The obligations of the
Contributor to receive the Offered Units pursuant this Agreement are subject to the fulfillment of
the following conditions, any one or more of which may be waived by Contributor:

          1. Closing Documents. The Operating Partnership shall have duly executed and
delivered on or prior to the Closing Date this Agreement and Contributor shall become a party to
the Registration Rights Agreement.

          2. Closing of the Merger. The Closing under the Merger Agreement shall have occurred
or shall be imminent.

     6. Indemnity. The Contributor hereby agrees to indemnify and defend Parent and the
Operating Partnership and their affiliates against and to hold them harmless from any and all
damage, loss, liability and expense incurred or suffered by any of them arising out of or based
upon the inaccuracy of any representation or warranty or breach of any agreement made or to be
performed by such Contributor pursuant to this Agreement or any of the documents or instruments
contemplated hereby or referred to herein.

Item 2-5

 

     7. Power-of-attorney. By executing this Agreement, the undersigned Contributor hereby
irrevocably constitutes and appoints Parent (or a substitute appointed by Parent) as his, her or
its attorney-in-fact and agent with full power of substitution to take any and all actions and
execute any of the following agreements on such Contributor’s behalf and in such Contributor’s
name: Lock-Up Agreement, Registration Rights Agreement, stock powers and other instruments of
assignment, the Partnership Agreement, and any other documents related to the consummation of the
transactions contemplated hereby on such Contributor’s behalf and in such Contributor’s name, as
may be deemed by Parent as necessary or desirable to effectuate such transactions. The undersigned
hereby grants to each attorney-in-fact full power and authority to do and perform each and every
act and thing which may be necessary, or convenient, in connection with the foregoing, as fully, to
all intents and purposes, as the undersigned might or could do if personally present, hereby
ratifying and confirming all that such attorney-in-fact shall lawfully do or cause to be done by
authority hereof. Such power-of-attorney shall be deemed to be coupled with an interest and shall
be irrevocable and shall survive the death, disability or dissolution of the Contributor.

     8. No Representations as to Tax Treatment. Parent and the Operating Partnership make
no representations regarding the tax consequences to the Contributor of the Contribution or any
other transactions contemplated herein.

     9. Termination. This Agreement shall be terminable upon the consent of all parties
hereto and shall terminate automatically if the Merger Agreement has been terminated.

     10. General Provisions.

          10.1 Modification. Neither this Agreement nor any provisions hereof shall be waived,
modified, discharged or terminated, except by an instrument in writing signed by the party against
whom any waiver, modification, discharge or termination is sought.

          10.2 Notices. All notices, requests and other communications hereunder must be in
writing and will be deemed to have been duly given only if delivered personally or by facsimile
transmission or mailed (first class postage prepaid) to the parties at the following addresses or
facsimile numbers:

	 	 	 	 	 
	 

	 	If to the Contributor:
	 	To the address indicated for such
Contributor on the signature page to this
Agreement.
	 
	 	 	 	 
	 

	 	If to Parent, the Parent or
The Operating Partnership:
	 	c/o Cogdell Spencer Advisers Inc.

4401 Barclay Downs Drive
	 

	 	 	 	Suite 300
	 

	 	 	 	Charlotte, North Carolina 28209-4670
	 

	 	 	 	Tel: (704) 940-2900
	 

	 	 	 	Fax: (704)940-2957
	 

	 	 	 	Attention: Frank Spencer
	 

	 	 	 	with a copy to:
	 
	 	 	 	 
	 

	 	 	 	Clifford Chance US LLP
	 

	 	 	 	 31 West 52nd Street
	 

	 	 	 	New York, New York 10019
	 

	 	 	 	Attention: Jay Bernstein
	 

	 	 	 	Facsimile: (212) 878-8375

Item 2-6

 

All such notices, requests and other communications will (a) if delivered personally to the address
as provided in this Section 10.2, be deemed given upon delivery; (b) if delivered by facsimile
transmission to the facsimile number as provided in this Section 10.2, be deemed given upon
receipt; and (c) if delivered by mail in the manner described above to the address as provided in
this Section 10.2, be deemed given upon receipt (in each case regardless of whether such notice,
request or other communication is received by any other person to whom a copy of such notice is to
be delivered pursuant to this Section 10.2). Any party from time to time may change its address,
facsimile number or other information for the purpose of notices to that party by giving notice
specifying such change to the other parties hereto in accordance with this Section 10.2.

          10.3 Binding Effect. Except as otherwise provided herein, this Agreement shall be
binding upon and inure to the benefit of the parties and their heirs, executors, administrators,
successors, legal representatives and permitted assigns. If the Contributor is itself more than
one person, the obligations of such Contributors shall be joint and several and the
acknowledgements, representations, warranties, covenants and agreements herein contained shall be
deemed to be made by and be binding upon each such person and his or her heirs, executors,
administrators, successors, legal representatives and permitted assigns.

          10.4 Entire Agreement; Conflicting Provisions. The Subscription Documents contain the
entire agreement of the parties with respect to this subscription, and there are no
representations, warranties, covenants or other agreements except as stated or referred to herein
or therein.

          10.5 Assignability. This Agreement is not transferable or assignable by any party
hereto. This Agreement shall be for the benefit of the parties hereto.

          10.6 Applicable Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of Delaware and applicable to contracts made and to be performed
entirely within such State.

          10.7 Counterparts. This Agreement may be executed through the use of separate
signature pages or in counterparts, and each of such counterparts shall, for all purposes,
constitute one agreement binding on the parties hereto, notwithstanding that the parties hereto are
not signatories to the same counterpart.

          10.8 Further Assurances. The Contributor will, from time to time, execute and deliver
to the Parent all such other and further instruments and documents and take or cause to be taken
all such other and further action as Parent or the Operating Partnership may reasonably request in
order to effect the transactions contemplated by this Agreement. Notwithstanding the foregoing,
Parent or the Operating Partnership may request from the Contributor such additional information as
it may deem necessary to evaluate the eligibility of such Contributor to acquire Offered
Securities, and may request from time to time such information as it may deem necessary to
determine the eligibility of such Contributor to hold Offered Securities or to enable Parent or the
Operating Partnership to determine the Contributor’s compliance with applicable regulatory
requirements or tax status, and such Contributor shall provide such information as may reasonably
be requested.

          10.9 Severability. If any term or provision of this Agreement shall to any extent be
invalid or unenforceable, the remainder of this Agreement shall not be affected thereby, and each
term and provision of this Agreement shall be valid and enforceable to the fullest extent permitted
by law. Upon the determination that any term or other provision is invalid, illegal or incapable
of being enforced, the parties shall negotiate in good faith to modify this Agreement so as to
effect their original intent as

Item 2-7

 

closely as possible in an acceptable manner to the end that transactions contemplated hereby
are fulfilled to the extent possible.

          10.10 Specific Performance. The parties hereto acknowledge that there would be no
adequate remedy at law if any party fails to perform any of its obligations hereunder, and
accordingly agree that each party, in addition to any other remedy to which it may be entitled at
law or in equity, shall be entitled to compel specific performance of the obligations of any other
party under this agreement in accordance with the terms and conditions of this agreement.

          10.11 Expenses. Each of the parties hereto agrees to pay the expenses incurred by it
in connection with the negotiation, preparation, execution and delivery of this Agreement and the
consummation of the transactions contemplated hereby, including the fees and expenses of counsel to
such party.

[Remainder of this page is intentionally left blank.]

Item 2-8

 

     IN WITNESS WHEREOF, the parties have executed this Agreement as of this ___day of
                    , 2008.

COGDELL SPENCER INC.:

	 	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

Frank Spencer
	 	 
	Title:

	 	President and CEO	 	 

COGDELL SPENCER LP,

By: CS Business Trust I, its General Partner

By: Cogdell Spencer Inc., its Sole Beneficial Owner

	 	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

Frank Spencer
	 	 
	Title:

	 	President and CEO	 	 

Item 2-9

 

CONTRIBUTOR:

	 	 	 	 	 
	By:
	 	 	 	 
	Name:

	 	 

	 	 

Item 2-10

 

Exhibit A

FORM W-9 AND FIRPTA AFFIDAVIT

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	SUBSTITUTE Form W-9

	 	 	Name:	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	Business name (if different):	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	Circle appropriate:	 	Individual/sole proprietor	 	Corporation	 	                    Partnership	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	Limited Liability Company
	 	Other:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	If Limited Liability

Company:	 	Disregarded Entity	 	Corporation	 	                    Partnership	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	Address:	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 
	 	 	 	Part 1 — PLEASE PROVIDE YOUR TIN IN THE BOX AT
RIGHT AND CERTIFY BY SIGNING AND DATING BELOW	 	Social Security

Number(s) or Employer

Identification Number	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 
	Department of
The Treasury
Internal Revenue
Service	 	 	Part 2 — Certification — Under penalties of perjury, I certify that: (1) The number shown on this form is
my correct taxpayer identification number (or I am waiting for a number to be issued to me); (2) I am not
subject to backup withholding because: (a) I am exempt from backup withholding, or (b) I have not been
notified by the Internal Revenue Service (“IRS”) that I am subject to backup withholding as a result of
failure to report all interest or dividends, or the IRS has notified me that I am no longer subject to backup
withholding; and (3) I am a U.S. person (including a U.S. resident alien).
	 	 	 	 
	Payer’s
Request for
Taxpayer
Identification
Number (TIN)	 	 	Certification Instructions — You must cross out item (2) above if you have been
notified by the IRS that you are subject to backup withholding because you have
failed to report all interest and dividends on your tax return. However, if
after being notified by the IRS that you were subject to backup withholding you
received another notification from the IRS that you are no longer subject to
backup withholding, do not cross out item (2).	 	Part 3 —
Awaiting TIN
o
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 

CERTIFICATE OF AWAITING TAXPAYER IDENTIFICATION NUMBER

(Applicable only if the box in Part 3 above is checked)

I certify under penalties of perjury that a taxpayer identification number has not been issued to me, and either (a) I have mailed
or delivered an application to receive a taxpayer identification number to the appropriate Internal Revenue Service Center or
Social Security Administration office, or (b) I intend to mail or deliver an application in the near future. I understand that if
I do not provide a taxpayer identification number within sixty days, 28 percent of all reportable payments made to me thereafter
will be withheld until I provide a taxpayer identification number.

 

					
	 

SIGNATURE

	 	 

SIGNATURE, if held Jointly
	 	 
	DATE:                      ___, 2008

	 	DATE:                      ___, 2008	 	 
	 

Item 3-1

 

FIRPTA AFFIDAVIT — CERTIFICATE OF NON-FOREIGN STATUS

Section 1445 of the Internal Revenue Code provides that (a) a transferee of a
U.S. real property interest must withhold tax if the transferor is a foreign
person and (b) a Company must withhold tax with respect to certain amounts that
are allocable to or would otherwise be distributed to a foreign person that
owns an interest in such Company. To inform Cogdell Spencer, Inc. that
withholding of tax is not required upon this disposition of a U.S. real
property interest, the undersigned hereby certifies the following as of the
date hereof and as of the date of issuance of any OP Units or Common Stock to
such Contributor:

     1. The Contributor, if an individual, is not a nonresident alien
for purposes of U.S. income taxation, and if not an individual, is
not a foreign corporation, foreign partnership, foreign trust, or
foreign estate (as those terms are defined in the Internal Revenue
Code and Income Tax Regulations);

     2. The Contributor, if not an individual, is not a disregarded
entity as defined in Section 1.1445-2(b)(2)(iii) of the Income Tax
Regulations promulgated under the Internal Revenue Code.

     3. The Contributor’s Social Security Number (for individuals) or
Employer Identification Number (for non-individuals) is:                     ; and

     4. The Contributor’s address is:                     .

In addition, if I am (or, if this document is being signed on behalf of an
Contributor that is not an individual, such Contributor is) electing to receive
Subscribed OP Units or Common Stock, I agree to inform the Parent if I (or, if
this document is being signed on behalf of an Contributor that is not an
individual, such Contributor) become(s) a foreign person at any time during the
three year period immediately following the date of this notice.

I understand that this certification may be disclosed to the Internal Revenue
Service by the transferee and that any false statement I have made here could
be punished by fine, imprisonment, or both.

Under penalties of perjury I declare that I have examined this certification
and to the best of my knowledge and belief it is true, correct and complete,
and, if this document is being signed on behalf of an Contributor that is not
an individual, I further declare that I have authority to sign this document on
behalf of such Contributor.

	 	 	 	 	 	 	 	 	 
	 

	 	 
	 	 	 	 
	 	 
	Signature	 	 	 	Signature, if held Jointly
	 
	 	 	 	 	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 
	 

	 	 
	 	 	 	 	 	 
	Date:                      ___, 2008	 	 	 	Date:                      ____, 2008

Item 3-2

 

Exhibit B

Registration Rights Agreement

 

 

Exhibit C

Lock-Up Agreement

 

 

Appendix A

Contributor Information

	(a)	 	The principal residence of such Contributor if such Contributor is a natural person is as
follows:

	 
	(b)	 	The place of business (or, if there is more than one place of business, the chief executive
office) of such Contributor if such Contributor is a corporation, partnership, limited
liability company, business trust or other entity (an “Entity”) is as follows:

	 
	(c)	 	The state of incorporation, organization or formation of such Contributor is as follows:

	 
	(d)	 	The information specified in clauses (a) and (b) of this Appendix as to each trustee of such
Contributor if such Contributor is a trust (other than a business trust) and such trustee is a
natural person is as follows:

	 
	(e)	 	The information specified in clauses (b) and (c) of this Appendix A as to each trustee of
such Contributor if such Contributor is a trust (other than a business trust) and such trustee
is an Entity is as follows:

	 
	(f)	 	The number of Common Shares to be contributed by the Contributor is                     .

 

 

Schedule 1

David R. Anderson

Edward D. Anderson

Charles H. Auerbach

Baird Capital Partners III Limited Partnership

BCP III Affiliates Fund Limited Partnership

BCP III Special Affiliates Fund Limited Partnership

Alan D. Beckner

James Brownsmith

Paul R. Clark

Timothy Erdman

Douglas A. Furry

Allen E. Hadden

Brian L. Happ

Kurtis M. Helin

Roger L. Herritz

John L. Hetland

Julia A. Houck

Thomas Jeffries

Patricia LaForge

James A. Lawrimore

Ralph W. Lomma

Lubar Capital, LLC

Stephen J. Mason

David R. Miller

Kenneth N. Missler

Jeffrey L. Nicholas

William L. Peel, Jr.

Steven C. Peterson

Thomas G. Platz

Jennifer L. Pliskie

Scott A. Ransom

Gregg F. Redfern

Scott R. Saunders

Clark J. Solowicz

John R. Stone

Mark A. Trotter

Laura M. Wallenfang

Ronald J. Wanke

Steven L. Wolters

Eli E. Woyke

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