Document:

First Amendment to Other Interest Agreement, dated February 17, 2012

 Exhibit 10.1 
 FIRST AMENDMENT TO OTHER INTEREST AGREEMENT 
 This First Amendment
(this “Amendment”) to the Other Interest Agreement, dated as of December 2, 2011 (the “Agreement”), by and among ERP Operating Limited Partnership, an Illinois limited partnership (“Equity”),
and each of BIH ASN LLC (“BIH”), Archstone Equity Holdings Inc. (“AEH” and, collectively with BIH, “Barclays”), Bank of America, N.A. (“BANA”) and Banc of America Strategic
Ventures, Inc. (“BofA Strategic”, and, collectively with BANA, “Bank of America”), is made effective as of February 17, 2012, by and among Equity, Barclays and Bank of America. Barclays and Bank of America are
sometimes referred to herein as “Owners” and, each, an “Owner.” Equity and Owners are sometimes referred to herein as the “Parties” and each, a “Party.” 

RECITALS: 

WHEREAS, the Parties entered into the Agreement on December 2, 2011; 

WHEREAS, the Parties desire to amend the Agreement as set forth in this Amendment; and 

WHEREAS, capitalized terms used in this Amendment and not defined herein shall have the meanings ascribed to such terms in the
Agreement, or, if not defined in the Agreement, in the Interest Purchase Agreement, as if the Interest Purchase Agreement remained in full force and effect. 
 NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound
hereby, agree as follows: 
  

	 	1.	Amendments to Section 1. 

  

	 	(a)	The third sentence of Section 1(a) of the Agreement is hereby deleted in its entirety and replaced in its entirety with the following: 

“Subject to the preceding sentence, Equity shall have the right to exercise the Option by providing written notice to Owners (the
“Exercise Notice”) at any time during the period commencing on the ROFO Acquisition Date and ending at 5:00 p.m. Eastern time on April 19, 2012 for a purchase price, payable in cash, in an amount set forth in the Exercise
Notice that is greater than or equal to $1,485,000,000.” 
  

	 	(b)	Section 1(b) of the Agreement shall be amended by inserting the following at the end of the insertion to the Other Interest Purchase Agreement contained therein
(which provision shall survive termination of the Other Interest Purchase Agreement, if any): 

 “In the event that, on or prior to the date that is 120 days following the date that
Sellers sell the Purchased Interests pursuant to the exercise of a right of first offer, Buyer enters into an agreement (other than this Agreement) to acquire (A) any interests in the Archstone Entities (other than any acquisition by Buyer of
any interests in the Archstone Entities the structure of which is intended to transfer particular real property or real properties to Buyer, (x) that does not constitute an acquisition of (I) any interests in the Primary Archstone Entities
or (II) 50% or more of the equity interests in, or all or substantially all of the assets of, the Archstone Entities, taken as a whole and (y) where, following such acquisition, neither Lehman Brothers Holdings Inc. nor any of its Affiliates,
directly or indirectly, holds any ownership interest in the Archstone Entities in which Buyer acquired such interests) or (B) all or substantially all of the assets of the Archstone Entities, taken as a whole (any such transaction, an
“Archstone Acquisition”), then, on the date of the closing of the Archstone Acquisition, Buyer shall pay to each Seller an amount equal to the portion of the Breakup Fee previously paid to Buyer by such Seller; provided that
the Parties acknowledge and agree that (i) no payment shall be payable by Buyer hereunder in the event that no closing of the Archstone Acquisition has occurred, and (ii) in the event that the closing of the Archstone Acquisition occurs
prior to the payment to Buyer of the Breakup Fee, then Buyer shall not be entitled to a Breakup Fee.” 
  

	 	(c)	Section 1(d) of the Agreement shall be amended by substituting the phrase “Breakup Fee and Buyer Liquidated Damages Amount” for the phrase “Break-up
Amount.” 

  

	 	(d)	Section 1(e) of the Agreement shall be deleted in its entirety and replaced in its entirety with the following: 

 

	 	“(e)	The Expiration Date with respect to the Other Interest Purchase Agreement will be June 29, 2012.” 

2. The fourth sentence of Section 6(a) of the Agreement is hereby deleted in its entirety and replaced in its entirety with the
following: 
 “Without limiting the foregoing, Owners and Equity agree that service of process upon such Party at the
address referred to in Section 14.1 of the Interest Purchase Agreement, together with written notice of such service to such Party, shall be deemed effective service of process upon such Party.” 

3. Section 9 of the Agreement is hereby deleted in its entirety and replaced in its entirety with the following: 

“9. Termination. This Agreement shall terminate automatically and simultaneously on the earlier to occur of (i) 5:00
p.m. Eastern time on April 19, 2012, if the Option has not been exercised, and (ii) the termination of the Other Interest Purchase Agreement; provided, however, that Section 12 hereof shall survive any such termination
in accordance with its terms.” 

  
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	 	4.	The following provision shall be inserted into the Agreement as Section 10 of the Agreement: 

“10. Access. Except as may be necessary to comply with any applicable Laws and subject to the absolute right of Owners, the
Archstone Entities and the Joint Ventures to preserve any applicable privileges (including the attorney-client privilege), from the date of this Agreement until the earlier of (i) termination of this Agreement in accordance with
Section 9 hereof and (ii) the execution of the Other Interest Purchase Agreement, Owners shall use their respective Commercially Reasonable Efforts to cause each of the Archstone Entities and the Joint Ventures to: 

 

	 	(a)	during normal business hours and upon reasonable prior notice, give Equity, and its Affiliates and their respective Representatives (the “Equity
Group”) reasonable access to the books, records, Contracts and other documents of or pertaining to the Archstone Entities and the Joint Ventures; 

  

	 	(b)	furnish to the Equity Group such financial and operating data and other information relating to the Archstone Entities and the Joint Ventures (to the extent available
to any Owner) and the Business as the Equity Group may reasonably request; 

  

	 	(c)	instruct the employees, counsel, financial advisors and other Representatives of Owners, the Archstone Entities and the Joint Ventures to cooperate with the Equity
Group’s reasonable requests in its investigation of the Archstone Entities and the Joint Ventures; and 

  

	 	(d)	permit the Equity Group to discuss the business of the Archstone Entities and the Joint Ventures with members of management, officers, directors and employees of, and
advisors to and counsel and accountants for, the Archstone Entities and the Joint Ventures.” 

  

	 	5.	The following provision shall be inserted into the Agreement as Section 11 of the Agreement: 

“11. Acquisition Proposals. From the date of the first amendment of this Agreement until the earliest of (i) termination
of this Agreement in accordance with Section 9 hereof, (ii) the closing of an Other Interest Sale (as defined below), and (iii) the termination of the Other Interest Purchase Agreement, Equity agrees that it will not, and will
cause its controlled Affiliates and its and their respective Representatives not to, (a) directly or indirectly solicit, initiate, seek, entertain, encourage, facilitate, support or induce the making, submission or announcement by Lehman
Brothers Holdings, Inc. or any of its Affiliates (collectively, “LBHI”) of any inquiry, expression of interest, proposal or offer to or from LBHI relating 

  
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to the acquisition of equity or debt interests in the Archstone Entities or their assets, other than solely with respect to the acquisition by Equity or any of its controlled Affiliates (either
alone or together with partners, co-bidders or joint venturers (such entities, together with Equity and its controlled Affiliates, the “Equity Bidder Entities”)) of any debt or equity interests held, directly or indirectly, by LBHI
in the Archstone Entities (either separately or as part of a larger transaction that includes the acquisition by any Equity Bidder Entities of the Other Interests directly from Owners), (b) enter into, participate in, maintain or continue any
communications (except solely to provide written notice as to the existence of these exclusivity provisions) or negotiations with LBHI regarding, or deliver or make available to LBHI any information with respect to, or take any other action
regarding, any inquiry, expression of interest, proposal or offer to or from LBHI relating to the Archstone Entities or their assets, other than solely with respect to the acquisition by any Equity Bidder Entities of any debt or equity interests
held, directly or indirectly, by LBHI in the Archstone Entities (either separately or as part of a larger transaction that includes the acquisition by any Equity Bidder Entities of the Other Interests directly from Owners), (c) agree to,
accept, approve, endorse or recommend any transaction with LBHI relating to the Archstone Entities or their assets, other than solely with respect to the acquisition by any Equity Bidder Entities of any debt or equity interests held, directly or
indirectly, by LBHI in the Archstone Entities (either separately or as part of a larger transaction that includes the acquisition by any Equity Bidder Entities of the Other Interests directly from Owners), or (d) enter into any letter of intent
or any other contract with LBHI relating to the Archstone Entities or their assets, other than solely with respect to the acquisition by any Equity Bidder Entities) of any debt or equity interests held, directly or indirectly, by LBHI in the
Archstone Entities (either separately or as part of a larger transaction that includes the acquisition by any Equity Bidder Entities of the Other Interests directly from Owners). As of the date of the first amendment to this Agreement, Equity agrees
to, and to cause its controlled Affiliates and its and their respective Representatives to, immediately cease and cause to be terminated any existing discussions or negotiations with LBHI conducted prior to the date hereof relating to the Archstone
Entities, other than solely with respect to the acquisition by any Equity Bidder Entities of any debt or equity interests held by LBHI in the Archstone Entities. Equity shall keep Owners reasonably apprised of the status of any discussions or
negotiations between Equity or any of its Affiliates and LBHI relating to the Archstone Entities which are permitted by this Section 11, including by providing to Owners copies of all written proposals, term sheets, agreements or drafts
of any of the foregoing within two Business Days following the delivery or receipt thereof. Notwithstanding anything to the contrary contained herein, nothing contained herein is intended to, or shall serve to, (x) prevent LBHI from exercising
or otherwise limit its right of first offer under Section 4.02 of the Bridge Equity Providers Agreement or any of its other rights under the Bridge Equity Providers Agreement or the Syndication Agreement, or (y) restrict any Equity Bidder
Entities from, directly or indirectly, engaging in any discussions or negotiations with LBHI with respect to the acquisition by any Equity Bidder Entities of any assets of the Archstone Entities.” 

  
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	 	6.	The following provision shall be inserted into the Agreement as Section 12 of the Agreement: 

“12. Other Transaction By Equity. In the event that, prior to or contemporaneously with the closing of the sale by Owners of
the Other Interests, either pursuant to the Other Interest Purchase Agreement or pursuant to the exercise of a ROFO Right by LBHI in connection with the entry into the Other Interest Purchase Agreement by Equity and Owners (the “Other
Interest Sale”), Equity or any of its controlled Affiliates acquires, or enters into an agreement to acquire and subsequently acquires, any interests in the Archstone Entities (other than the Other Interests and other than any acquisition
by Equity of any interests in the Archstone Entities the structure of which is intended to transfer particular real property or real properties to Buyer, (x) that does not constitute an acquisition of (I) any interests in the Primary
Archstone Entities or (II) 50% or more of the equity interests in, or all or substantially all of the assets of, the Archstone Entities, taken as a whole and (y) where, following such acquisition, neither Lehman Brothers Holdings Inc. nor any
of its Affiliates, directly or indirectly, holds any ownership interest in the Archstone Entities in which Buyer acquired such interests) (an “Other Transaction”) for consideration that implies a value for the equity of the
Archstone Entities taken as a whole (the “Other Transaction Implied Equity Value”) that is greater than the value of the equity of the Archstone Entities taken as a whole implied by the purchase price paid to Owners in the Other
Interest Sale (the “Other Interest Sale Implied Equity Value”), then, in addition to, if applicable, any other payments required to be made by Equity under the Other Interest Purchase Agreement, Equity shall pay to each Owner (with
each of BANA, BofA Strategic and Barclays to be considered an Owner for this purpose) an amount of consideration (in such form or forms and in such proportions as paid or issued to the counterparty to the Other Transaction) equal to the excess of
(i) such Owner’s Proportionate Share of the Other Transaction Implied Equity Value, over (ii) the amount received by the applicable Owner in the Other Interest Sale (without reduction for payment of any Breakup Fee); provided,
however, that to the extent that a liquidation of the Archstone Entities on the closing date of the Other Transaction based on the Other Transaction Implied Equity Value would result in any distribution (an “Excess Value Distribution”) on
account of equity interests in the Archstone Entities other than the interests in the Primary Archstone Entities owned by LBHI or Owners on the date of this Agreement, then the total amount of the Excess Value Distributions shall be deducted from
the Other Transaction Implied Equity Value for purposes of clause (i) of the foregoing calculation. For purposes of this Section 12, the Other Interest Sale Implied Equity Value shall be calculated by dividing (A) an amount
equal to all amounts received by Owners in the Other Interest Sale, by (B) .265 (which is the aggregate portion of the equity interests in the Archstone Entities to be sold by Owners in the Other Interest Sale, expressed as a decimal). If
payable, any payment pursuant to this Section 12 shall be made on the later of (i) the date of the closing of the Other Interest Sale, and (ii) the date of the closing of the Other Transaction.” 

  
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	 	7.	The following provision shall be inserted into the Agreement as Section 13 of the Agreement: 

“13. Public Announcements. From the date of this Agreement until the earlier of (i) termination of this Agreement in
accordance with Section 9 hereof, and (ii) the execution of the Other Interest Purchase Agreement, none of Owners, Equity nor any of their respective Affiliates shall issue any press release or public statement concerning this
Agreement or any amendment hereof without obtaining the prior written approval of the other Parties (which approval the other Parties shall not unreasonably withhold, condition or delay). Each of the Parties acknowledges and agrees that, on or
following the date of the first amendment hereto, the Parties or certain of their Affiliates intend to make a public announcement with respect to this Agreement, which shall be subject to this Section 13. Notwithstanding the foregoing, a
Party or its applicable Affiliates may make such disclosure as it determines in good faith is required by applicable Law or Order, or by an obligation pursuant to any agreement with any national securities exchange or national securities association
of the United States or any other jurisdiction; provided that, prior to issuing any such press release or public statement, such Party or its applicable Affiliates shall advise the other Parties of such press release or public statement and
shall discuss the contents of the disclosure with the other Parties. Each Party and its Affiliates also may make announcements to its employees that are consistent with the public disclosures made by a Party.” 

 

	 	8.	The following provision shall be inserted into the Agreement as Section 14 of the Agreement: 

“14. Notices. The provisions of Section 14.1 of the Interest Purchase Agreement are incorporated by reference as though
set forth herein.” 
  

	 	9.	Miscellaneous. 

  

	 	(a)	Except as amended by this Amendment, all terms and conditions of the Agreement remain unchanged and in full force and effect in accordance with its terms and conditions
and the Agreement is hereby ratified and confirmed by the Parties for all purposes and in all respects. 

  

	 	(b)	The Agreement, as amended by this Amendment, sets forth the entire agreement and understanding of the Parties and supersedes all prior discussions, negotiations,
agreements, arrangements and understandings, whether oral or written, relating to the subject matter hereof and thereof. There are no warranties, representations or other agreements between the Parties in connection with the subject matter of the
Agreement, except as specifically set forth in the Agreement, as amended by this Amendment. 

  
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	 	(c)	From and after date hereof, each reference in the Agreement to “this Agreement” shall mean the Agreement, as amended pursuant to this Amendment. In the event
of any inconsistencies between this Amendment and the Agreement, the terms of this Amendment shall govern. 

  

	 	(d)	This Amendment may be executed and delivered in multiple counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the
same instrument. It is the express intent of the Parties to be bound by the exchange of signatures on this Amendment via facsimile or electronic mail via the portable document format (PDF). A facsimile or other copy of a signature shall be deemed an
original. This Amendment shall become effective when each Party shall have received a counterpart hereof signed by all of the other Parties. Until and unless each Party has received a counterpart hereof signed by the other Parties, this Amendment
shall have no effect and no Party shall have any right or obligation hereunder (whether by virtue of any other oral or written agreement or other communication). 

 [Signature Page Follows] 

  
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 IN WITNESS WHEREOF, the Parties have executed and delivered this Amendment as of the date
set forth above. 
  

			
	 EQUITY:
  

ERP OPERATING LIMITED PARTNERSHIP
  

By: Equity Residential, its general partner

		
	By:	 	 /s/ Mark J. Parrell

		 	Name: Mark J. Parrell
		 	Title: Executive Vice President and Chief           Financial Officer

  

			
	 OWNERS:
  

BIH ASN LLC

		
	By:	 	/s/ Robert Silverman
	Name:	 	Robert Silverman
	Title:	 	Vice President

  

			
	ARCHSTONE EQUITY HOLDINGS INC.
		
	By:	 	/s/ Robert Silverman
	Name:	 	Robert Silverman
	Title:	 	Vice President

  

			
	BANK OF AMERICA, N.A.
		
	By:	 	/s/ Benjamin Eppley
	Name:	 	Benjamin Eppley
	Title:	 	Authorized Signatory

  

			
	BANC OF AMERICA STRATEGIC VENTURES, INC.
		
	By:	 	/s/ Jason LaBonte
	Name:	 	Jason LaBonte
	Title:	 	Managing Director

 Signature Page to First Amendment to Other Interest AgreementEX-10.24

 Exhibit 10.24 
 FORM OF 
 LORILLARD, INC. 

RESTRICTED STOCK UNITS 
 AWARD CERTIFICATE 
 THIS CERTIFICATE, dated as of
_____________________________, evidences the grant of the Award set forth below by Lorillard, Inc., a Delaware corporation (the “Company”) to _________________________ (the “Participant”). 

RECITALS 

The Compensation Committee (the “Committee”) of the Board of Directors of the Company has determined to grant to the
Participant a Performance Award in the form of restricted stock units representing the right to receive shares of the Company’s common stock, par value $0.01 per share, (the “Company Stock”) pursuant to the Lorillard, Inc. 2008
Incentive Compensation Plan (the “Plan”), on the terms and conditions set forth herein, and hereby grants such Award. 

Any capitalized terms not defined herein shall have their respective meanings as set forth in the Plan. 

NOW, THEREFORE, the Parties hereto agree as follows: 
 1. Grant of Restricted Stock Units. Subject to the provisions of this Certificate and the Plan, the Company hereby grants to the Participant as of _________________ (the “Date of Grant”)
«Amount» restricted stock units representing the right to receive shares of Company Stock pursuant to the terms and conditions of this Certificate (the “Restricted Stock Units”), subject to the restrictions set forth
below and the terms of this Agreement. Restricted Stock Units shall remain restricted during the Performance Period (as defined in Section 2 below) and, if the Performance Metric (as defined in Section 2 below) is achieved, the earned
Restricted Stock Units will be converted to restricted shares of Company Stock (“Restricted Stock”) as soon as practicable after the end of the Performance Period. The actual number of shares of Restricted Stock Participant may earn will
range from ___% to ___% of the Restricted Stock Units awarded and will be determined based on the Company’s achievement of the Performance Metric set forth in Section 2 below. The Restricted Stock will remain restricted until the third
anniversary of the Date of Grant, subject to the terms and conditions set forth herein. The Participant shall not be required to pay any cash consideration in exchange for the Restricted Stock Units or the Restricted Stock (together, the
“Award”). 
 2. Performance Metric. The number of Restricted Stock Units to be converted to shares of
Restricted Stock will be determined based on the Company’s achievement of the target adjusted earnings per share set forth in the table below (the “Performance Metric”) for the Company’s fiscal year ___ (the “Performance
Period”) as certified by the Committee. The number of shares of Restricted Stock will be based on a payout of ___% of the Restricted Stock Units for performance below the Minimum level, ___% of the

 
Restricted Stock Units at the Minimum level, ___% of the Restricted Stock Units at the Target level and ___% of the Restricted Stock Units at the Maximum level as set forth in the table below:

  

							
	Performance Metric    	 	Minimum        
    	 	Target        
    	  	Maximum     
       
	 	 	 	 	 	  	 

 Payouts for performance between the performance levels set forth in the table will be based on a straight-line
interpolation. 
 3. Restrictions and Restricted Period. 

(a) Restrictions. The Award granted hereunder may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed
of and shall be subject to a risk of forfeiture as described in Section 5 below until the lapse of the Restricted Period (as defined below). 
 (b) Restricted Period. The restrictions set forth above shall lapse and the Restricted Stock, if any, shall become vested and transferable (provided, that such transfer is otherwise in accordance
with federal and state securities laws) on the third anniversary of the Date of Grant (the period from the Date of Grant until the date on which the restrictions lapse is the “Restricted Period”). 

4. Rights of a Stockholder. 
 (a) Restricted Stock Units/Dividend Equivalents. From and after the Date of Grant until conversion to Restricted Stock, the Restricted Stock Units shall not include any rights, including but not
limited to voting rights, with respect to shares of Company Stock issuable. Subject to the restrictions, limitations and conditions described herein and as set forth in the Plan, dividend equivalents shall be payable on the Restricted Stock Units
and shall be accrued on behalf of the Participant at the time that cash dividends are paid to holders of Company Stock. The dividend equivalents shall be paid to the Participant based on the achievement of the Performance Metric within two and
one-half months after the end of the Performance Period, unless the Participant’s employment terminates for any reason (other than termination because of the Participant’s death or Disability or in the event of a Change in Control) prior
to the date the dividend equivalents are paid. Notwithstanding the foregoing, if the Participant’s employment terminates because of the Participant’s death or Disability during the Performance Period, or in the event of a Change in Control
during the Performance Period, the dividend equivalents shall be paid to the Participant based on the number of unrestricted shares vesting pursuant to Section 5(b) and 6, respectively, of this Agreement, and such payment shall be made within
two and one-half months after the end of the Performance Period. 
 (b) Restricted Stock. For so long as the Restricted
Stock is held by or for the benefit of the Participant, the Participant shall have all the rights of a stockholder of the Company with respect to the Restricted Stock, including, but not limited to, the right to receive dividends and the right to
vote such shares. 

  
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 (c) Adjustments. If there is any stock dividend, stock split or other change in
character or amount of the Award, then in such event, any and all new, substituted or additional securities to which Participant is entitled by reason of the Award shall be immediately subject to the restrictions and risk of forfeiture set forth in
Sections 3 and 5 with the same force and effect as the Award subject to such restrictions and risk of forfeiture immediately before such event. 
 5. Cessation of Service. 
 (a) Forfeiture. If the Participant’s
employment terminates for any reason other than those set forth in Section 5(b) of this Agreement or in the event of a Change in Control, then the Award for which the Restricted Period has not lapsed shall be forfeited to the Company without
payment of any consideration by the Company, and neither the Participant nor any of his successors, heirs, assigns, or personal representatives shall thereafter have any further rights or interests in the Restricted Stock Units or shares of
Restricted Stock. 
 (b) Accelerated Vesting. If the Participant’s employment terminates because of the
Participant’s death or Disability during the Performance Period, that number of Restricted Stock, if any, as determined pursuant to Section 1 of this Agreement following the end of the Performance Period, shall be immediately converted to
unrestricted shares of Company Stock. If after the Performance Period ends and prior to the end of the Restricted Period, the Participant’s employment terminates because of the Participant’s death or Disability, the Restricted Stock based
on the achievement of the Performance Metric will immediately vest in full. 
 6. Effect of Change in Control. In the
event of a Change in Control during the Performance Period, ___% of the Restricted Stock Units shall be immediately converted to unrestricted shares of Company Stock upon such Change in Control. In the event of a Change in Control (as defined in the
Plan) after the Performance Period, the Restricted Stock based on the achievement of the Performance Metric if not previously vested shall become fully vested. 
 7. Certificates. Restricted Stock granted herein may be evidenced in such manner as the Committee shall determine. If certificates representing Restricted Stock are registered in the name of the
Participant, then the Company may retain physical possession of the certificate until the Restricted Period has lapsed. 
 8.
Legends. The Company may require, as a condition of the issuance and delivery of certificates evidencing Restricted Stock pursuant to the terms hereof, that the certificates bear the legend as set forth immediately below, in addition to any
other legends required under federal and state securities laws or as otherwise determined by the Committee. All certificates representing any of the shares of Restricted Stock subject to the provisions of this Agreement shall have endorsed thereon
the following legend: 
 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS UPON TRANSFER HELD BY
THE ISSUER OR ITS 

  
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ASSIGNEES(S) AS SET FORTH IN AN AGREEMENT BETWEEN THE COMPANY AND THE HOLDER OF THE SHARES, A COPY OF WHICH IS ON FILE AT THE PRINCIPAL OFFICE OF THE COMPANY. 

Such legend shall not be removed until such shares of Restricted Stock vest pursuant to the terms hereof. 

9. Taxes. The Participant understands that he or she (and not the Company) shall be responsible for any tax liability that may
arise as a result of the transactions contemplated by this Agreement. 
 10. Nontransferability of the Award. The Award
is not transferable except (i) as designated by the Participant by will or by the laws of descent and distribution or (ii) as otherwise expressly permitted by the Committee including, if so permitted, pursuant to a transfer to such
Participant’s immediate family, whether directly or indirectly or by means of a trust or partnership or otherwise. If any rights exercisable by the Participant or benefits deliverable to the Participant under this Certificate have not been
exercised or delivered at the time of the Participant’s death, such rights shall be exercisable by the Designated Beneficiary, and such benefits shall be delivered to the Designated Beneficiary, in accordance with the provisions of this
Certificate and the Plan. 
 11. Clawback. Notwithstanding any other provision of this Certificate to the contrary, the
Award is subject to the terms and conditions of the Company’s Compensation Recovery Policy adopted by the Board, as amended from time to time. 
 12. Notices. All notices and other communications under this Certificate shall be in writing and shall be given by hand delivery to the other party or by confirmed fax or overnight courier, or by
postage paid first class mail, addressed as follows: 
 If to the Participant: 

If to the Company: 
 Lorillard, Inc. 
 714 Green Valley Road 

Greensboro, NC 27408 
 Attention: Corporate Secretary 
 Facsimile: (336) 335-7707 

or to such other address or facsimile number as any party shall have furnished to the other in writing in accordance with this Section 12. Notice
and communications shall be effective when actually received by the addressee. 

  
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 13. Effect of Certificate. Except as otherwise provided hereunder, this Certificate
shall be binding upon and shall inure to the benefit of any successor or successors of the Company, and to any transferee or successor of the Participant pursuant to Section 10. 

14. Conflicts and Interpretation. The Award is subject to the provisions of the Plan, which are hereby incorporated by reference.
In the event of any conflict between this Certificate and the Plan, the Plan shall control. In the event of any ambiguity in this Certificate, any term which is not defined in this Certificate, or any matters as to which this Certificate is silent,
the Plan shall govern including, without limitation, the provisions thereof pursuant to which the Committee has the power, among others, to (i) interpret the Plan, (ii) prescribe, amend and rescind rules and regulations relating to the
Plan and (iii) make all other determinations deemed necessary or advisable for the administration of the Plan. 
 15.
Headings. The headings of paragraphs herein are included solely for convenience of reference and shall not affect the meaning or interpretation of any of the provisions of this Certificate. 

16. Amendment. This Certificate may not be modified, amended or waived except by an instrument in writing signed by the Company.
The waiver by either party of compliance with any provision of this Certificate shall not operate or be construed as a waiver of any other provision of this Certificate, or of any subsequent breach by such party of a provision of this Certificate.

 IN WITNESS WHEREOF, as of the date first above written, the Company has caused this Certificate to be executed on its behalf
by a duly authorized officer. 
  

			
	LORILLARD, INC.
		
	By:	 	 
		 	

  
 5

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