Investment TrustInvestment Trust • August 4th, 2014 • Saul Centers Inc • Real estate investment trusts
On February 19, 2014, with your prior knowledge, the B.F. Saul Real Estate Investment Trust (the “Trust”) purchased approximately 6.75 acres of land at 1592 Rockville Pike, Rockville, Maryland (the “Trust Twinbrook Property”). The Trust understands that it has certain obligations pursuant to the terms of the Exclusivity and Right of First Refusal Agreement dated as of August 26, 1993 by and among the Trust, Saul Centers, Inc. (“Saul Centers”), the general partner of Saul Holdings Limited Partnership (“Holdings”), and various other affiliated entities (the “Agreement”) and it wishes to memorialize its understanding with Saul Centers with respect thereto.
