BANC OF AMERICA
SECURITIES LLC
J.P. MORGAN SECURITIES INC.
WELLS FARGO SECURITIES, LLC
RBS SECURITIES INC.
As Representatives of the several
Underwriters named in Schedule I hereto
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 September 21, 2009 (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”) 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
Preliminary Prospectus and 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 Preliminary Prospectus and the Prospectus, and also a
representation and warranty as of the date of this Pricing
Agreement in relation to the Preliminary Prospectus and 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 13 of the
Underwriting Agreement and the addresses of the Representatives
referred to in such Section 13 are set forth in
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 Parent Guarantor 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 Parent Guarantor, 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.
[Signature pages on following
pages]
If
the foregoing is in accordance with your understanding, please sign
and return to us five 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, will
constitute a binding agreement among the Underwriters and the
Operating Partnership and the Parent Guarantor.
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Very truly
yours,
BRANDYWINE OPERATING PARTNERSHIP, L.P.
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By:
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Brandywine
Realty Trust, its General Partner
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By:
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/s/ Howard M.
Sipzner
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Name:
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Howard M.
Sipzner
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Title:
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Executive Vice
President and
Chief Financial Officer
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BRANDYWINE
REALTY TRUST
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By:
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/s/ Howard M.
Sipzner
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Name:
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Howard M.
Sipzner
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Title:
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Executive Vice
President and
Chief Financial Officer
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Signature Page to Pricing
Agreement
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BANC OF AMERICA
SECURITIES LLC
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By:
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/s/ Jeffrey
Hornatz
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Name:
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Jeffrey
Hornatz
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Title:
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Managing
Director
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J.P. MORGAN
SECURITIES INC.
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By:
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/s/ Robert
Bottamedi
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Name:
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Robert
Bottamedi
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Title:
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Vice
President
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WELLS FARGO
SECURITIES, LLC
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By:
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/s/ Carolyn C.
Hurley
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Name:
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Carolyn C.
Hurley
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Title:
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Vice
President
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RBS SECURITIES
INC.
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By:
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/s/ Stewart
Whitman
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Name:
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Stewart
Whitman
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Title:
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Managing
Director
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On behalf of
themselves and each of the other several Underwriters
Signature Page to Pricing
Agreement
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