0001193125-05-134952 Sample Contracts

GLOBAL DISTRIBUTION AGREEMENT
Global Distribution Agreement • June 29th, 2005 • Legg Mason Inc • Security brokers, dealers & flotation companies

THIS GLOBAL DISTRIBUTION AGREEMENT dated as of June 23, 2005, is made by and between Legg Mason, Inc., a Maryland corporation (“Legg Mason”), and Citigroup, Inc., a Delaware corporation (“Citigroup” and together with Legg Mason, the “Parties” and each, a “Party”).

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TRANSACTION AGREEMENT BY AND BETWEEN CITIGROUP INC. AND LEGG MASON, INC. DATED AS OF JUNE 23, 2005
Transaction Agreement • June 29th, 2005 • Legg Mason Inc • Security brokers, dealers & flotation companies • New York

This TRANSACTION AGREEMENT is entered into as of June 23, 2005, by and between Citigroup Inc., a Delaware corporation (“Citigroup”), and Legg Mason, Inc., a Maryland corporation (“Legg Mason”, and together with Citigroup, the “Parties”). Capitalized terms herein have their respective meanings set forth in Annex A hereto.

PURCHASE AGREEMENT by and among LEGG MASON, INC., SEQUANA CAPITAL, PERMAL GROUP SCA, WORMS UK LTD, PERMAL GROUP LTD AND MANAGEMENT SHAREHOLDERS OF PERMAL GROUP LTD Dated June 23, 2005
Purchase Agreement • June 29th, 2005 • Legg Mason Inc • Security brokers, dealers & flotation companies • New York

PURCHASE AGREEMENT, dated June 23, 2005 (this “Agreement”), by and among Legg Mason, Inc., a Maryland corporation (“Buyer”), Permal Group SCA, a company organized under the laws of France (“Parent”), Permal Group Ltd, a company organized under the laws of England and Wales (“Permal”), Worms UK Ltd, a company organized under the laws of England and Wales (“Sequana Sub”), and the shareholders (other than Parent and Sequana Sub) identified on Schedule 1.1(a)(i) (the “Management Shareholders”) (Sequana Sub, the Management Shareholders and Parent, collectively, the “Sellers”), and, for the purposes of Sections 4.1(a), (b) and (d) and 6.19, Sequana Capital, a company organized under the laws of France (“Sequana”).

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