LETTER AGREEMENTLetter Agreement • May 29th, 2008 • Legg Mason Inc • Investment advice
We refer to (i) Letter of Credit no. 61670750 issued by Citibank, N.A. (“Issuer”) in favor of you dated as of November 2, 2007 (the “Letter of Credit”) for the account of The Baltimore Company, a Maryland corporation and Legg Mason, Inc., a Maryland corporation (collectively, “we” or the “Applicants”) and related to the Securities (as defined below) and (ii) the related Agreement for Standby Letters of Credit dated as of the date hereof among us and Issuer (the “Reimbursement Agreement”). Terms defined in the Letter of Credit and not otherwise defined herein are used herein as therein defined.
