EX-1 3 ex1-2.txt EXHIBIT 1.2 EXECUTION COPY PRICING AGREEMENT October 19, 2004 J.P. Morgan Securities Inc. Bear, Stearns & Co. Inc. As Representatives of the several Underwriters named in Schedule I hereto Re: $275,000,000 4.50% Guaranteed Notes due 2009 Ladies and Gentlemen: Brandywine Operating Partnership, L.P., a Delaware limited partnership (the "Operating Partnership"), proposes, subject to the terms and conditions stated herein and in the Underwriting Agreement, dated October 19, 2004 (the "Underwriting Agreement"), among the Operating Partnership, Brandywine Realty Trust, a Maryland real estate investment trust and sole general partner and a limited partner of the Operating Partnership (the "Parent Guarantor"), each of the subsidiaries of the Operating Partnership parties thereto (the "Subsidiary Guarantors"; and, together with the Parent Guarantor, the "Guarantors") and you to issue and sell to the Underwriters named in Schedule I hereto (the "Underwriters") the Securities specified in Schedule II hereto (the "Designated Securities"). Each of the provisions of the Underwriting Agreement is incorporated herein by reference in its entirety, and shall be deemed to be a part of this Agreement to the same extent as if such provisions had been set forth in full herein, and each of the representations and warranties set forth therein shall be deemed to have been made at and as of the date of this Pricing Agreement, except that each representation and warranty which refers to the Prospectus in Section 2 of the Underwriting Agreement shall be deemed to be a representation or warranty as of the date of the Underwriting Agreement in relation to the Prospectus (as therein defined), and also a representation and warranty as of the date of this Pricing Agreement in relation to the Prospectus relating to the Designated Securities which are the subject of this Pricing Agreement. Each reference to the Representatives herein and in the provisions of the Underwriting Agreement so incorporated by reference shall be deemed to refer to you. Unless otherwise defined herein, terms defined in the Underwriting Agreement are used herein as therein defined. The Representatives designated to act on behalf of the Underwriters of the Designated Securities pursuant to Section 12 of the Underwriting Agreement and the address of the Representatives referred to in such Section 12 are set forth at the end of Schedule II hereto. An amendment to the Registration Statement, or a prospectus supplement to the Prospectus, as the case may be, relating to the Designated Securities, in the form heretofore delivered to you is now proposed to be filed with the Commission. Subject to the terms and conditions set forth herein and in the Underwriting Agreement incorporated herein by reference, the Operating Partnership and the Guarantors agree to issue and sell to each of the Underwriters, and each of the Underwriters agrees, severally and not jointly, to purchase from the Operating Partnership and the Guarantors, at the time and place and at the purchase price to the Underwriters set forth in Schedule II hereto, the principal amount of Designated Securities set forth opposite the name of such Underwriter in Schedule I hereto. If the foregoing is in accordance with your understanding, please sign and return to us three counterparts hereof, and upon acceptance hereof by you, on behalf of each of the Underwriters, this letter and such acceptance hereof, including the provisions of the Underwriting Agreement incorporated herein by reference, shall constitute a binding agreement between each of the Underwriters and the Operating Partnership and the Guarantors. Very truly yours, BRANDYWINE OPERATING PARTNERSHIP, L.P. By: Brandywine Realty Trust, its General Partner By: /s/ Gerard H. Sweeney --------------------- Name: Gerard H. Sweeny Title: President and Chief Executive Officer BRANDYWINE REALTY TRUST By: /s/ Gerard H. Sweeney --------------------- Name: Gerard H. Sweeny Title: President and Chief Executive Officer AAPOP 2, L.P. By: Witmer Operating Partnership I, L.P., a Delaware limited partnership, one of its general partners By: Brandywine Witmer, L.L.C., a Pennsylvania limited liability company, its general partner By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* I-2 By: Brandywine Witmer, L.L.C., a Pennsylvania limited liability company, one of its general partners By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* BRANDYWINE AMBASSADOR, L.P. By: Brandywine Ambassador, L.L.C., a Pennsylvania limited liability company, its general partner By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* BRANDYWINE CENTRAL L.P. By: Brandywine F.C., L.P., a Pennsylvania limited partnership, its general partner By: Brandywine F.C., L.L.C., a Pennsylvania limited liability company, its general partner By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* I-3 BRANDYWINE CIRA, L.P. By: Brandywine Cira, LLC, a Pennsylvania limited liability company, its general partner By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* BRANDYWINE F.C., L.P. By: Brandywine F.C., L.L.C., a Pennsylvania limited liability company, its general partner By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* BRANDYWINE GRANDE B, L.P. By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* BRANDYWINE GREENTREE V, LLC By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* I-4 BRANDYWINE I.S., L.P. By: Brandywine I.S., L.L.C., a Pennsylvania limited liability company, its general partner By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* BRANDYWINE METROPLEX, L.P. By: Brandywine Metroplex, LLC, a Pennsylvania limited liability company, its general partner By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* BRANDYWINE P.M., L.P. By: Brandywine P.M., L.L.C., a Pennsylvania limited liability company, its general partner By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* I-5 BRANDYWINE TB FLORIG, L.P. By: Brandywine TB Florig, LLC, a Pennsylvania limited liability company, its general partner By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* BRANDYWINE TB INN, L.P. By: Brandywine TB Inn, L.L.C., a Pennsylvania limited liability company, its general partner By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* BRANDYWINE TB I, L.P. By: Brandywine TB I, L.L.C., a Pennsylvania limited liability company, its general partner By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* I-6 BRANDYWINE TB II, L.P. By: Brandywine TB II, L.L.C., a Pennsylvania limited liability company, its general partner By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* BRANDYWINE TB V, L.P. By: Brandywine TB V, L.L.C., a Pennsylvania limited liability company, its general partner By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* BRANDYWINE TB VI, L.P. By: Brandywine TB VI, L.L.C., a Pennsylvania limited liability company, its general partner By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* I-7 BRANDYWINE TB VIII, L.P. By: Brandywine TB VIII, L.L.C., a Pennsylvania limited liability company, its general partner By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* C/N IRON RUN LIMITED PARTNERSHIP III By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its general partner By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* C/N LEEDOM LIMITED PARTNERSHIP II By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its general partner By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* C/N OAKLANDS LIMITED PARTNERSHIP I By: Witmer Operating Partnership I, L.P., a Delaware limited partnership, its general partner By: Brandywine Witmer, L.L.C., a Pennsylvania limited liability company, its general partner By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* I-8 C/N OAKLANDS LIMITED PARTNERSHIP III By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its general partner By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* E-TENANTS.COM HOLDING, L.P. By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its general partner By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* FIFTEEN HORSHAM, L.P. By: Witmer Operating Partnership I, L.P., a Delaware limited partnership, its general partner By: Brandywine Witmer, L.L.C., a Pennsylvania limited liability company, its general partner By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* IRON RUN LIMITED PARTNERSHIP V By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its general partner By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* I-9 LC/N HORSHAM LIMITED PARTNERSHIP By: Witmer Operating Partnership I, L.P., a Delaware limited partnership, its general partner By: Brandywine Witmer, L.L.C., a Pennsylvania limited liability company, its general partner By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* LC/N KEITH VALLEY LIMITED PARTNERSHIP I By: Witmer Operating Partnership I, L.P., a Delaware limited partnership, its general partner By: Brandywine Witmer, L.L.C., a Pennsylvania limited liability company, its general partner By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* I-10 NEWTECH IV LIMITED PARTNERSHIP By: Witmer Operating Partnership I, L.P., a Delaware limited partnership, its general partner By: Brandywine Witmer, L.L.C., a Pennsylvania limited liability company, its general partner By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* NICHOLS LANSDALE LIMITED PARTNERSHIP III By: Witmer Operating Partnership I, L.P., a Delaware limited partnership, its general partner By: Brandywine Witmer L.L.C., a Pennsylvania limited liability company, its general partner By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* I-11 WITMER OPERATING PARTNERSHIP I, L.P. By: Brandywine Witmer, L.L.C., a Pennsylvania limited liability company, its general partner By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* 100 ARRANDALE ASSOCIATES, L.P. By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its general partner By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* 111 ARRANDALE ASSOCIATES, L.P. By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its general partner By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* 440 CREAMERY WAY ASSOCIATES, L.P. By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its general partner By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* 442 CREAMERY WAY ASSOCIATES, L.P. By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its general partner By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* I-12 481 JOHN YOUNG WAY ASSOCIATES, L.P. By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its general partner By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* INTERSTATE CENTER ASSOCIATES By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, one of its general partners By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* By: Brandywine Interstate 50, L.L.C., a Delaware limited liability company, one of its general partners By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* I-13 IR NORTHLIGHT II ASSOCIATES By: AAPOP 2, L.P., a Delaware limited partnership, one of its general partners By: Witmer Operating Partnership I, L.P., a Delaware limited partnership, one of its general partners By: Brandywine Witmer, L.L.C., a Pennsylvania limited liability company, its general partner By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* By: Brandywine Witmer, L.L.C., a Pennsylvania limited liability company, one of its general partners By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, one of its general partners By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* I-14 PLYMOUTH TFC GENERAL PARTNERSHIP By: Brandywine P.M., L.P., a Pennsylvania Limited Partnership, its general partner By: Brandywine P.M., L.L.C., a Pennsylvania limited liability company, its general partner By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* By: Witmer Operating Partnership I, L.P., a Delaware limited partnership, one of its general partners By: Brandywine Witmer, L.L.C., a Pennsylvania limited liability company, its general partner By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* BTRS, INC.* SOUTHPOINT LAND HOLDINGS, INC.* VALLEYBROOKE LAND HOLDINGS, INC.* BRANDYWINE AMBASSADOR, L.L.C. By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* I-15 BRANDYWINE CHARLOTTESVILLE LLC By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* BRANDYWINE CHRISTINA LLC By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* BRANDYWINE CIRA, LLC By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* BRANDYWINE DABNEY, L.L.C. By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* BRANDYWINE DOMINION, L.L.C. By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* I-16 BRANDYWINE F.C., L.L.C. By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* BRANDYWINE GRANDE B, LLC By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* BRANDYWINE I.S., L.L.C. By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* BRANDYWINE INTERSTATE 50, L.L.C. By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* BRANDYWINE-MAIN STREET, LLC By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* I-17 BRANDYWINE METROPLEX LLC By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* BRANDYWINE P.M., L.L.C. By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* BRANDYWINE PIAZZA, L.L.C. By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* BRANDYWINE PLAZA 1000, L.L.C. By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* BRANDYWINE PROMENADE, L.L.C. By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* I-18 BRANDYWINE TB FLORIG, LLC By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* BRANDYWINE TB INN, L.L.C. By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* BRANDYWINE TB I, L.L.C. By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* BRANDYWINE TB II, L.L.C. By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* BRANDYWINE TB V, L.L.C. By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* I-19 BRANDYWINE TB VI, L.L.C. By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* BRANDYWINE TB VIII, L.L.C. By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* BRANDYWINE TRENTON URBAN RENEWAL, L.L.C. By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner BRANDYWINE WITMER, L.L.C. By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* I-20 CHRISTIANA CENTER OPERATING COMPANY III LLC By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its sole member By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* E-TENANTS LLC By: e-Tenants.com Holding, L.P., a Pennsylvania limited partnership, its sole member By: Brandywine Operating Partnership, L.P., a Delaware limited partnership, its general partner By: Brandywine Realty Trust, a Maryland real estate investment trust, its general partner* * By: /s/ Gerard H. Sweeney --------------------- Name: Gerard H. Sweeney Title: President and Chief Executive Officer I-21 Accepted as of the date hereof J.P. MORGAN SECURITIES INC. By: /s/ Maria Sramek -------------------- Name: Maria Sramek Title: Vice President BEAR, STEARNS & CO. INC. By: /s/ Christopher O'Connor ------------------------- Name: Christopher O'Connor Title: Managing Director On behalf of itself and each of the other several Underwriters I-22 SCHEDULE I Principal Amount of 4.50% Guaranteed Notes due 2009 Underwriter to be Purchased ----------- --------------- J.P. Morgan Securities Inc. $ 96,250,000 Bear, Stearns & Co. Inc. 96,250,000 Citigroup Global Markets Inc. 41,250,000 Wachovia Capital Markets, LLC 13,750,000 BNY Capital Markets, Inc. 6,875,000 PNC Capital Markets, Inc. 6,875,000 McDonald Investments Inc. 6,875,000 Wells Fargo Services LLC 6,875,000 Total $275,000,000 SCHEDULE II TITLE OF DESIGNATED SECURITIES: 4.50% Guaranteed Notes due 2009 AGGREGATE PRINCIPAL AMOUNT: $275,000,000 PRICE TO PUBLIC: 99.870% of the principal amount of the Designated Securities, plus accrued interest, if any, from October 22, 2004 PURCHASE PRICE BY UNDERWRITERS: 99.270% of the principal amount of the Designated Securities, plus accrued interest, if any, from October 22, 2004 FORM OF DESIGNATED SECURITIES: Book-entry only form represented by one or more global securities deposited with The Depository Trust Company ("DTC") or its designated custodian, to be made available for checking by the Representatives at least twenty-four hours prior to the Time of Delivery at the office of DTC. SPECIFIED FUNDS FOR PAYMENT OF PURCHASE PRICE: Federal or other same day funds TIME OF DELIVERY: 9:30 a.m. (New York City time), October 22, 2004 INDENTURE: Indenture, dated as of October 22, 2004 (the "Indenture") among the Operating Partnership, the Guarantors and The Bank of New York, as Trustee MATURITY: November 1, 2009 INTEREST RATE: 4.50% per annum INTEREST PAYMENT DATES: May 1 and November 1, beginning on May 1, 2005 REDEMPTION PROVISIONS: The Designated Securities may be redeemed, in whole or in part, at any time at the option of the Operating Partnership, 100% of the aggregate amount of the notes being redeemed, accrued but unpaid interest on those notes to the redemption date, and the Make-Whole Amount, if any (as described in the Prospectus Supplement dated the date hereof relating to the Designated Securities). SINKING FUND PROVISIONS: None. CONVERTIBILITY OR EXCHANGEABILITY PROVISIONS: None. DEFEASANCE PROVISIONS: As set forth in the Indenture. GUARANTORS: Brandywine Realty Trust and the Subsidiary Guarantors named in the Prospectus Supplement dated the date hereof relating to the Designated Securities. OTHER TERMS AND CONDITIONS: None. CLEAR MARKET PERIOD (Section 5(d) of the Underwriting Agreement): From date hereof through October 22, 2004. CLOSING LOCATION FOR DELIVERY OF DESIGNATED SECURITIES: Simpson Thacher & Bartlett LLP 425 Lexington Avenue New York, NY 10017 NAMES AND ADDRESSES OF REPRESENTATIVES: Designated Representatives: J.P. Morgan Securities Inc. Bear, Stearns & Co. Inc. Address for Notices, etc.: J.P. Morgan Securities Inc. 270 Park Avenue New York, NY 10017 Facsimile: (212) 834-6081 Attention: High Grade Syndicate Desk-8th Floor Bear, Stearns & Co. Inc. 383 Madison Avenue New York, NY 10179 Facsimile: (212) 272-3519 Attention: Carmine Venezia UNDERWRITERS COUNSEL: Simpson Thacher & Bartlett LLP SCHEDULE III None. EXECUTION COPY SCHEDULE IV Four Tower Bridge Associates Six Tower Bridge Associates