PURCHASE AGREEMENT by and among LEGG MASON, INC. CARNES CAPITAL CORPORATION PRIVATE CAPITAL MANAGEMENT, L.P. PCM-GP, INC. MCC-PCM, INC. MILES C. COLLIER BRUCE S. SHERMAN AND GREGG J. POWERS Dated as of: May 29, 2001 TABLE OF CONTENTS Page ARTICLE I...Purchase Agreement • August 10th, 2001 • Legg Mason Inc • Security brokers, dealers & flotation companies • New York
