0001193125-04-172160 Sample Contracts

GUARANTEE AGREEMENT BOSTON PRIVATE FINANCIAL HOLDINGS, INC. DATED AS OF OCTOBER 12, 2004
Guarantee Agreement • October 15th, 2004 • Boston Private Financial Holdings Inc • State commercial banks • New York

This GUARANTEE AGREEMENT (the “Trust Securities Guarantee”), dated as of October 12, 2004, is executed and delivered by Boston Private Financial Holdings, Inc., a Massachusetts corporation (the “Guarantor”), and SunTrust Bank, a Georgia banking corporation, as trustee (the “Trust Securities Guarantee Trustee”), for the benefit of the Holders (as defined herein) from time to time of the Trust Preferred Securities and Trust Common Securities (each as defined herein) of Boston Private Capital Trust I, a Delaware statutory trust (the “Issuer”).

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