FORM OF BUSINESS ALLIANCE AGREEMENT by and between U.S. BANCORP and PIPER JAFFRAY COMPANIES Dated as of , 2003Business Alliance Agreement • August 22nd, 2003 • Piper Jaffray Companies • Investment advice • Delaware
THIS BUSINESS ALLIANCE AGREEMENT (this "Agreement"), dated as of , 2003, is made and entered into by and between U.S. BANCORP, a Delaware corporation ("Parent"), and PIPER JAFFRAY COMPANIES, a Delaware corporation and an indirect, wholly owned subsidiary of Parent ("Piper Jaffray"). Parent and Piper Jaffray are sometimes referred to herein individually as a "Party" and collectively as the "Parties". Capitalized terms used in this Agreement that are not otherwise defined herein shall have the meanings ascribed to them in the Separation Agreement (as defined herein).
