0001193125-06-073557 Sample Contracts

AMENDMENT NO. 1 AMENDED AND RESTATED ADVISORY CONTRACT
Advisory Contract • April 5th, 2006 • Saul B F Real Estate Investment Trust • Savings institution, federally chartered

THIS AMENDMENT NO. 1 is made as of April 3, 2006, between B. F. Saul Company (the “Advisor) and B. F. Saul Real Estate Investment Trust (the “Trust”).

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