AWARD CERTIFICATE Duke Realty Corporation 2010 Performance Share Plan

The number of Shares actually issued upon settlement of this award will equal the sum of (a) the target number of Performance Shares times the combined payout percentage (“Earned Performance Shares”), plus (b) the number of additional Shares that would have been accumulated if the Earned Performance Shares had been issued by the Company on January 1, 2010 and all dividends paid by the Company with respect to such Shares had been reinvested in Company Shares at a price equal to the Fair Market Value of one Share on the date on which the cash dividend was paid. In no event will dividend equivalent shares be issued with respect to Performance Shares that are not earned. The combined payout percentage will be determined by calculating the simple average of the AFFO Payout Percentage and the TSR Payout Percentage as determined under the following tables:

Except as provided below in the case of a Change in Control, Average Annual Growth in AFFO Per Share shall mean the simple average of the Annual Growth in AFFO Per Share for the two calendar years of the Performance Period. Annual Growth in AFFO Per Share for a calendar year shall mean the percentage by which AFFO for the applicable calendar year exceeds AFFO for the prior calendar year. AFFO growth may be a negative percentage. AFFO shall be computed in a consistent manner from year to year and in accordance with disclosures made by the Company in its SEC filings or applicable supplemental data filed on the Company’s website. In general, AFFO means recurring Funds from Operations less recurring building improvements and second generation capital expenditures and adjusted for certain non-cash items such as straight line rental income, non-cash interest expense and stock compensation expense, and after similar adjustments for unconsolidated joint ventures.

Except as provided below in the case of a Change in Control, Average Annual Total Shareholder Return shall mean the simple average of the Annual Total Shareholder Returns for the three calendar years of the Performance Period. Annual Total Shareholder Return for a calendar year shall mean the percentage by which the Average Stock Value as of the end of the applicable calendar year, increased by an amount that would be realized if all cash dividends paid on a Share of Stock during such calendar year were reinvested in Stock, exceeds the Average Stock Value as of the end of the previous calendar year. Average Stock Value shall mean the average Fair Market Value of the Stock for the 10 trading days prior to the applicable date.

For purposes of Section 5.8 of the Performance Share Plan:

January 1, 2010 and the Change in Control. For example, if a Change in Control occurs on April 5, 2012, the Average Annual Total Shareholder Return shall equal the average of the total shareholder returns for the calendar year 2010, the calendar year 2011 and the 96 day period ended April 5, 2012.