KEYSTONE PROPERTY TRUST (a Maryland statutory real estate investment trust) 4,000,000 Common Shares of Beneficial Interest PURCHASE AGREEMENTPurchase Agreement • November 10th, 2003 • Keystone Property Trust • Real estate investment trusts • New York
Keystone Property Trust, a Maryland statutory real estate investment trust (including its predecessor the “Company”), confirms its agreement with Merrill Lynch & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated (the “Underwriter”), with respect to the issue and sale by the Company and the purchase by the Underwriter, of 4,000,000 common shares of beneficial interest, par value $.001 per share, of the Company (the “Common Shares”), and with respect to the grant by the Company to the Underwriter of the option described in Section 2(b) hereof to purchase all or any part of 600,000 additional Common Shares to cover over-allotments, if any. The aforesaid 4,000,000 Common Shares (the “Initial Securities”) to be purchased by the Underwriter and all or any part of the 600,000 Common Shares subject to the option described in Section 2(b) hereof (the “Option Securities”) are hereinafter called, collectively, the “Securities.”
