KEYSTONE PROPERTY TRUST (a Maryland statutory real estate investment trust) 4,041,137 Common Shares of Beneficial Interest PURCHASE AGREEMENTPurchase Agreement • February 23rd, 2004 • Keystone Property Trust • Real estate investment trusts • New York
Keystone Property Trust, a Maryland statutory real estate investment trust (including its predecessor, the “Company”), the persons listed on Schedule B hereto (the “Morris Selling Shareholders”) and the persons listed on Schedule C hereto (the “Pioneer Selling Shareholders” and, collectively with the Morris Selling Shareholders, the “Selling Shareholders”), confirm their respective agreements with Citigroup Global Markets Inc. (the “Underwriter”), with respect to the sale by the Selling Shareholders, acting severally and not jointly, and the purchase by the Underwriter, of the respective numbers of common shares of beneficial interest, par value $.001 per share, of the Company (the “Common Shares”) set forth on (i) Schedule B hereto with respect to the Morris Selling Shareholders and (ii) Schedule C hereto with respect to the Pioneer Selling Shareholders (collectively, the “Securities”).
