0000906933-02-000040 Sample Contracts

Contract
Subscription Agreement • June 21st, 2002 • Shurgard Storage Centers Inc • Real estate investment trusts • Brussels

Dated May 27, 2002 SUBSCRIPTION AGREEMENT WITH RESPECT TO SECURITIES TO BE ISSUED BY SHURGARD SELF STORAGE S.C. A. DE BANDT, VAN HECKE, LAGAE & LOESCH LINKLATERS & ALLIANCE Brederodestraat 13 1000 Brussels Telephone: +32 2 501 94 11 Facsimile: +32 2 501 94 94 SUBSCRIPTION AGREEMENT BETWEEN: (1) Shurgard Storage Centers Inc., a company organized and existing under the laws of Washington, having its registered office at Valley Street 1155, Suite 400, 98109 Seattle WA, USA, represented for the purposes of this Subscription Agreement by Harrell L. Beck, hereinafter referred to as the "Subscriber"; AND: (2) Shurgard Self Storage S.C.A., a company organized and existing under the laws of Belgium, having its registered office at Quai du Commerce/Handelskaai 48, 1000 Brussels, Belgium, represented for the purposes of this Subscription Agreement by European Self Storage SA represented by Patrick Metdepenninghen, here

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