Bear Stearns Companies Inc Watch

from 10-Q 7 pages Whereas, Seller Has Agreed to Sell and Purchaser Has Agreed to Purchase, Pursuant to the Terms of This Agreement, a Number of Shares of Common Stock (The “Shares”) of Purchaser Previously Credited to the Account of Seller in the Form of Cap Units and to Be Received by Seller Upon the Expiration of the Deferral Period of Purchaser in the Current Plan Year Under the Terms of the Bear Stearns Companies Inc. Capital Accumulation Plan for Senior Managing Directors (The “Cap Plan”); Whereas, Purchaser and Seller (Each a “Party to This Agreement” and Together the “Parties to This Agreement”) Intend That Any Gain or Loss Realized by Seller Under the Terms of This Agreement Will Adjust the Compensation Income Recognized by Seller Under the Terms of the Cap Plan; and Whereas, All Capitalized Terms Used but Not Otherwise Defined Herein Shall Have the Meanings Specified in the Cap Plan; Now, Therefore, in Consideration of Their Mutual Covenants Herein Contained, the Parties Hereto, Intending to Be Legally Bound, Hereby Mutually Covenant and Agree as Follows: Article 1 Sale and Purchase 1.1 Sale Quantity

from S-3/A ~10 pages Form of Loan Agreement