Common Contracts

JPMorgan Chase Bank, National Association 125 London Wall London EC2Y 5AJ

Legg Mason Inc • January 18th, 2008 • Investment advice

• Company
  Legg Mason Inc
• Filed
  January 18th, 2008
• Industry
  Investment advice

The purpose of this letter agreement (this "Confirmation") is to confirm the terms and conditions of the Warrants issued by Legg Mason, Inc. ("Company") to JPMorgan Chase Bank, National Association, London Branch ("Bank") on the Trade Date specified below (the "Transaction"). This letter agreement constitutes a "Confirmation" as referred to in the ISDA Master Agreement specified below. This Confirmation shall replace any previous agreements and serve as the final documentation for this Transaction.

GOLDMAN, SACHS & CO. | ONE NEW YORK PLAZA | NEW YORK, NEW YORK 10004 |TEL: (212) 902-1000

Legg Mason Inc • January 18th, 2008 • Investment advice • New York

• Company
  Legg Mason Inc
• Filed
  January 18th, 2008
• Industry
  Investment advice
• Jurisdiction
  New York

The purpose of this letter agreement (this "Confirmation") is to confirm the terms and conditions of the Warrants issued by Legg Mason, Inc. ("Company") to Goldman, Sachs & Co. ("Bank") on the Trade Date specified below (the "Transaction"). This letter agreement constitutes a "Confirmation" as referred to in the ISDA Master Agreement specified below. This Confirmation shall replace any previous agreements and serve as the final documentation for this Transaction.