DEPOSIT AGREEMENTDeposit Agreement • March 27th, 2008 • Saul Centers Inc • Real estate investment trusts • Maryland
This DEPOSIT AGREEMENT is made and entered into as of March 27, 2008 by and among Saul Centers, Inc., a Maryland corporation (the “Company”), Continental Stock Transfer & Trust Company, as Depositary, and all holders from time to time of Receipts (as hereinafter defined) issued hereunder.
SAUL CENTERS, INC. 3,000,000 Depositary Shares Each Representing 1/100th of a share of 9% Series B Cumulative Redeemable Preferred Stock (Par Value $0.01 Per Share) (Liquidation Preference Equivalent to $25.00 Per Depositary Share) UNDERWRITING AGREEMENTUnderwriting Agreement • March 27th, 2008 • Saul Centers Inc • Real estate investment trusts • New York
Saul Centers, Inc., a Maryland corporation (the “Company”) and the sole general partner of Saul Holdings Limited Partnership, a Maryland limited partnership (the “Operating Partnership”), proposes to issue and sell to the several Underwriters (the “Underwriters”) named in Schedule I hereto for whom you are acting as Representatives (the “Representatives”) 3,000,000 shares (the “Firm Shares”) of its depositary shares (the “Depositary Shares”), each representing 1/100th of a share of the Company’s 9% Series B Cumulative Redeemable Preferred Stock, par value $0.01 per share (the “Series B Preferred Stock”). The Company also proposes to grant to the Underwriters an option to purchase up to an additional 450,000 Depositary Shares solely to cover over-allotments (the “Option Shares”; the Option Shares, together with the Firm Shares, hereinafter called the “Shares”). The respective amounts of the Shares to be so purchased by the several Underwriters are set forth opposite their names in Sched
