Document:

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                                                                   EXHIBIT 10.10

                                 REVOLVING NOTE
                                                                  April 30, 2003
$______________

     FOR VALUE RECEIVED, the undersigned (the "Borrower"), hereby promises to
pay to ______________________________ or registered assigns (the "Lender"), in
accordance with the provisions of the Agreement (as hereinafter defined), the
principal amount of each Revolving Loan from time to time made by the Lender to
the Borrower under that certain Credit Agreement, dated as of April 30, 2003 (as
amended, restated, extended, supplemented or otherwise modified in writing from
time to time, the "Agreement;" the terms defined therein being used herein as
therein defined), among the Borrower, the Guarantors from time to time party
thereto, the Lenders from time to time party thereto, and Bank of America, N.A.,
as Administrative Agent and L/C Issuer.

     The Borrower promises to pay interest on the unpaid principal amount of
each Revolving Loan from the date of such Revolving Loan until such principal
amount is paid in full, at such interest rates and at such times as provided in
the Agreement. All payments of principal and interest shall be made to the
Administrative Agent for the account of the Lender in Dollars in immediately
available funds at the Administrative Agent's Office. If any amount is not paid
in full when due hereunder, such unpaid amount shall bear interest, to be paid
upon demand, from the due date thereof until the date of actual payment (and
before as well as after judgment) computed at the per annum rate set forth in
the Agreement.

     This Note is one of the Notes referred to in the Agreement, is entitled to
the benefits thereof and may be prepaid in whole or in part subject to the terms
and conditions provided therein. Upon the occurrence and continuation of one or
more of the Events of Default specified in the Agreement, all amounts then
remaining unpaid on this Note shall become, or may be declared to be,
immediately due and payable all as provided in the Agreement. Revolving Loans
made by the Lender shall be evidenced by one or more loan accounts or records
maintained by the Lender in the ordinary course of business. The Lender may also
attach schedules to this Note and endorse thereon the date, amount and maturity
of its Revolving Loans and payments with respect thereto.

     The Borrower, for itself, its successors and assigns, hereby waives
diligence, presentment, protest and demand and notice of protest, demand,
dishonor and non-payment of this Note.

     [remainder of page left intentionally blank - signature page to follow]

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     THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF NEW YORK.

                                          FIRST STATES INVESTORS BAI, LLC,
                                          A Delaware limited liability company

                                          By:

                                          By: __________________________________
                                          Name: ________________________________
                                          Title:________________________________

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                                  Attachment A

            List of Lenders and Amounts of Respective Revolving Notes

The Governor and Company of the Bank of Ireland               $10,000,000

Bank of Montreal                                              $18,750,000

UBS AG, Cayman Island Branch                                  $18,750,000

Wachovia Bank, N.A.                                           $18,750,000

Bank of America, N.A.                                         $18,750,000

Caixa Geral de Depositos, S.A., New York Branch               $15,000,000<PAGE>

                                                                   Exhibit 10.11

               MASTER PURCHASE, SALE AND LEASE TRANSFER AGREEMENT

                                  AMSOUTH BANK
                                   ("Seller")

                                       and

                            FIRST STATES GROUP, L.P.

                                  ("Purchaser")

                               DATED: May 5, 2003

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               MASTER PURCHASE, SALE AND LEASE TRANSFER AGREEMENT

     THIS MASTER PURCHASE, SALE AND LEASE TRANSFER AGREEMENT ("Agreement") is
made this May 5, 2003, between AMSOUTH BANK, an Alabama state banking
corporation, having an address at 3000 Galleria Tower, Suite 1600, Birmingham,
Alabama, 35244 ("Seller"), and FIRST STATES GROUP, L.P., a Delaware limited
partnership having an address at 1725 The Fairway, Jenkintown, Pennsylvania
19046 ("Purchaser").

                              Preliminary Statement

     A. Seller owns or leases various Bank Branch Properties (as hereinafter
defined);

     B. Seller may, from time to time, and in its sole and absolute discretion,
make decisions to close certain Bank Branch Properties and to subsequently
dispose of the real estate ("Surplus Branches"); and

     C. Seller agrees to sell or assign to Purchaser those Surplus Branches on
an ongoing basis, and Purchaser desires to purchase or accept an assignment of
the Surplus Branches from Seller on an ongoing basis, all on and subject to the
terms and conditions hereinafter provided.

     NOW, THEREFORE, in consideration of the covenants and mutual promises
contained herein and other good and valuable consideration (the receipt and
sufficiency of which are hereby acknowledged), Seller and Purchaser, intending
to be legally bound hereby, agree as follows:

     1. Defined Terms. The following terms shall have the meanings set forth
below when used in this Agreement:

        (a) "Bank Branch Property" means a property that is owned in fee simple
or leased by Seller and is configured (and is lawfully permitted by legal
non-conforming use or otherwise) to operate, without material modification, as a
bank branch and may contain (subject to the removal rights of Seller set forth
herein) a teller counter, vault, safe deposit boxes, drive-through facilities
and equipment, wiring for the security systems, building plans, licenses and
permits, and other customary bank branch installations and equipment, provided
that a property shall not qualify as a Bank Branch Property unless (i) it is a
free standing building or a "pad site" building in a shopping center parking
area, (ii) at least 45% of its above-grade gross building area (but not more
than 10,000 square feet of above-grade gross building area in the aggregate) is
used or readily usable without material modification (but subject to the removal
rights of Seller set forth herein) for retail bank branch operations and (iii)
at least 50% of the area used for retail bank branch operations is located on
the at-grade or a mezzanine level of the main entrance of the building. Bank
Branch Properties shall specifically exclude leased, licensed or kiosk locations
(even if configured to operate as a bank branch) and buildings not satisfying
the requirement set forth above.

        (b) "Closed Properties" means Seller's fee or leasehold interest in all
Bank Branch Properties that Seller, in Seller's sole and absolute discretion,
determines to vacate and elects to sell or assign to Purchaser during the term
of this Agreement.

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        (c) "Closed Property Designation Date" means as to any Bank Branch
Property the date on which Seller notifies Purchaser of Seller's designation of
such Bank Branch Property as a Closed Property by giving Purchaser a Closed
Property Designation Notice with respect to such Bank Branch Property.

        (d) "Fee Property" means a Bank Branch Property owned by Seller in fee
simple.

        (e) "Closed Property Designation Notice" means a written notice from
Seller delivered to Purchaser substantially in the form set forth on Exhibit B
attached hereto, which sets forth, at a minimum, (i) the location and street
address of the Closed Property, (ii) a description of any Permitted Leases (as
hereinafter defined) for the Closed Property, (iii) whether the Closed Property
has been vacated by Seller and, if not, the anticipated approximate Operations
Closing Date (as hereinafter defined) for the Closed Property, (v) Due Diligence
Expiration Date (as hereinafter defined) (vi) Settlement Date, and (vii)
Seller's book value for Fee Properties.

        (f) "Excluded Properties" means properties that are in one or more of
the following categories:

            (i) Properties that fail the Book Value Test. As used herein the
Book Value Test is an analysis by Seller pursuant to which the Seller determines
if the total Purchase Price for all Fee Properties is equal to or greater than
the sum of (i) Seller's total book value remaining in all Fee Properties as of
the Settlement Date plus (ii) Seller's out-of-pocket costs, as determined by
Seller in the exercise of reasonable business judgment, incurred related to the
sale of the Fee Properties less (iii) annualized operating expense savings
Seller would realize for one year only by disposing of the Fee Properties.
Exhibit C to this Agreement lists the annualized operating expenses for each
Closed Property. In the event that the Book Value Threshold is satisfied, Seller
may not exclude any Fee Properties from this Agreement. In the event that the
Book Value Threshold is not satisfied, Seller and Purchaser shall mutually agree
on which Fee Properties to exclude from the Agreement in order that Seller is
able to achieve the Book Value Threshold. In the event that Seller and Purchaser
cannot agree on which Fee Properties should be excluded from the Agreement,
either Seller or Purchaser may terminate the Agreement upon ten days written
notice to the other party, without penalty;

            (ii)  Properties that Seller is required to dispose of to a
purchaser other than Purchaser by any applicable governmental law or regulation,
including, without limitation, properties all or a portion of which are taken
pursuant to eminent domain or condemnation proceedings or conveyed by deed in
lieu thereof;

            (iii) Properties that Seller at any time elects to dispose of to
another financial institution as an operating bank branch with customer deposits
(even if Seller makes such election after delivery of a Closed Property
Designation Notice);

            (iv)  Properties that Seller at any time elects or is required by
applicable governmental law or regulation to continue to use itself or to retain
title to pending Seller's decision as to whether or not to sell the same (even
if Seller makes such election after delivery of a Closed Property Designation
Notice), including, without limitation, properties at which Seller either elects

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or is required to continue only ATM operations (until Seller elects or is no
longer required to continue such operations);

            (v)    Properties that Seller at any time elects to convey or lease
to an affiliate of Seller for use by such affiliate (even if Seller makes such
election after delivery of a Closed Property Designation Notice);

            (vi)   Raw land or other unimproved properties;

            (vii)  Properties that are owned by Seller that do not qualify as
Bank Branch Properties as defined in Section 1(a) hereof, even if such property
is used by Seller for direct or indirect banking purposes; and

            (viii) Seller Excluded Properties defined in Section 7 below.

        (g) "Leasehold Property" means a Bank Branch Property which Seller
leases from a party other than Seller or an affiliate of Seller and for which at
least 5 years remains on the then current term of such lease.

        (h) "Operations Closing Date" means the date on which Seller ceases its
business operations at a Closed Property, it being understood that maintenance
of ATM operations alone shall not constitute business operations.

        (i) "Permitted Leases" means leases pursuant to which Seller, as
landlord, leases all or a portion of a Closed Property to a third party tenant,
provided that Permitted Leases shall not include any (aa) month-to-month
tenancies or (bb) leases where the tenant is paying no or nominal rent for its
use and occupancy of the Closed Property, unless Purchaser, within 30 days
following the date hereof , notifies Seller in writing of Purchaser's election
to accept such lease as a Permitted Lease.

     2. Term of Agreement. The term of this Agreement shall commence on the date
hereof and shall expire on December 31, 2003. Thereafter, the Term shall
continue on a year to year basis, subject to a right by either party to
terminate this Agreement at any time, without cause, upon 90 days prior written
notice to the other. Either party may terminate this Agreement at any time for
cause in accordance with the provisions contained in Section 23 hereof.
Purchaser shall have the right and obligation as herein expressed to acquire all
Bank Branch Properties (other than Excluded Properties) with respect to which
Seller shall have delivered a Closing Property Designation Notice prior to the
expiration or earlier termination of the term of this Agreement, which
acquisition(s) shall be subject to all of the terms and conditions of this
Agreement.

     3. Sale and Purchase of Closed Properties. On the terms and conditions
hereinafter provided, Seller shall convey and/or assign to Purchaser, and
Purchaser shall acquire from Seller, Seller's right, title and interest in and
to all Closed Properties, provided that Purchaser shall not be obligated to
acquire, nor shall Seller be obligated to sell or assign, any (i) Closed
Properties that are withdrawn from this Agreement pursuant to Section 1(e)
hereof, (ii) Closed Properties withdrawn from this Agreement because Purchaser
and Seller are unable to obtain a required Landlord's Consent or Tenant's
Release (as such terms are hereinafter defined) as expressed in Section 6(c)
hereof, (iii) Closed Properties withdrawn from this Agreement because Seller
elects not (or

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otherwise fails) to either perform or authorize a Phase II Study (as hereinafter
defined) or remediate an identified environmental condition as expressed in
Section 9(b) below or (iv) Closed Properties withdrawn from this Agreement
because Seller elects not to pay the repair or restoration costs in excess of
the Individual Repair Threshold (as hereinafter defined) as expressed in Section
9(c) hereof. In the event that a Closed Property becomes an Excluded Property
and is withdrawn from this Agreement pursuant to Section 9(b) or 9(c) hereof,
Seller shall reimburse Purchaser for Purchaser's actual out-of-pocket costs and
expenses for all title, survey, environmental, structural analysis and other
physical conditions investigative costs incurred by Purchaser with respect to
such Excluded Property, and copies of any title, survey and other due diligence
reports and evaluations for such Excluded Properties obtained by Purchaser shall
be delivered to Seller, without representation or warranty and with a disclaimer
of reliance.

     4. Closed Properties - Real and Personal Assets.

           (a) The transfer (by deed or assignment) of a Closed Property shall
include Seller's fee or leasehold interest in all those certain identified
tracts or parcels of land with the buildings ("Buildings"), and all other
improvements erected on the parcels and trade fixtures and equipment attached
thereto, including, without limitation, any teller counters, drive-through
facilities and equipment, bank vaults, wiring for the security systems, building
plans for the Closed Property (to the extent in Seller's or Seller's property
manager's actual possession), licenses and permits for the Closed Property (to
the extent transferable), warranties and guaranties for the Closed Property (to
the extent transferable), any rights, privileges, tenements, hereditaments,
rights of way, easements, appendages and appurtenances for the Closed Property
(to the extent transferable), all as the same may exist on the date hereof.
Excluded as part of a Closed Property are the following: (a) all automated
teller machines and safe deposit boxes (but not the nests for such safe deposit
boxes) and all contents thereof, (b) all alarms and security equipment,
telecommunication equipment, computers, computer terminals and computer
equipment, supplies, documents, records, cash, coin and signage (including
pylons, but excluding pylon base poles and foundations), (c) any office
equipment (whether leased or owned) located in the Buildings including, without
limitation, furniture, furnishings and artwork, and (d) any personal property
belonging to any tenant occupying any portion of the Closed Property.

           (b) At the request of either party, prior to the Settlement Date for
each Closed Property, Seller and Purchaser shall identify in writing any and all
fixtures, equipment and other personal property located within the Closed
Property that Seller intends to convey as a part of the Purchase Price
(collectively, "Personal Property") and allocate a portion of the Purchase Price
for such Closed Property to the value of the Personal Property. If the parties
cannot agree upon an appropriate allocation, they shall retain a qualified
consultant agreed to by Seller and Purchaser to advise them as to the proper
allocation of the Purchase Price. The cost of the allocation and valuation
report shall be paid by the party requesting the same.

     5. Fee Properties Price; Procedure for Determination. The purchase price
("Purchase Price") of each Fee Property shall be 90% of the Fair Market Value
("FMV") of such property (or 80% of the FMV if such property was closed or
substantially without business operations for a period of 6 to 12 months before
the date of this Agreement, it being understood that maintenance of ATM
operations alone shall not constitute business operations or 70% of the FMV if
such property was closed or substantially without business operations for a
period of 12 months or longer), which FMV shall be established by an appraisal
valuation ("Appraisal") made as described below by an

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independent appraiser agreed to by Seller and Purchaser within 10 days from the
date hereof (the "Appraiser"), except that the Purchase Price for the Fee
Properties listed on Exhibit A attached hereto shall 85% of the FMV as
determined pursuant to this Section 5. The Appraisals shall be certified to
Seller and Purchaser (and, if requested by Purchaser, any institutional lender
designated by Purchaser) and shall be in substantially the form attached hereto
as Exhibit D. The cost of the Appraisal shall be paid by Seller.

        (a) The FMV of a Fee Property shall be determined by an Appraiser
instructed to value such Fee Property for both its (i) continued bank use and
(ii) highest and best use other than continued bank use. The highest and best
use other than continued bank use valuation described in clause (ii) above shall
be adjusted to take into account a cost factor for conversion of the existing
building and other improvements to non-bank use. The Appraisal shall utilize the
sales comparison methodology based upon comparable sales from the local area in
which the Closed Property is located, subject to adjustment, if applicable, for
the terms and conditions of any Permitted Leases that will not be terminated
prior to Settlement (as hereinafter defined) for the Closed Property. The FMV of
a Fee Property shall equal the average of the two above described valuations,
provided that the FMV of a Fee Property that was closed or substantially without
business operations for a period of 6 months or longer before the date of this
Agreement shall equal only the valuation described in clause (ii) above (after
inclusion of a cost factor for conversion of the existing Building and other
improvements to non-bank use).

        (b) Within ten business days following the date hereof , Seller shall
order the Appraisal for all of the Fee Properties. Promptly following its
receipt of same, Seller shall submit an original of the completed Appraisal to
Purchaser. If Seller fails to order an Appraisal within such ten-day period,
Purchaser may, at any time thereafter, order the Appraisal.

        (c) Purchaser and Seller shall each have a period of 30 days following
Seller's receipt of the Appraisal to either reject or approve the FMV of the Fee
Property as set forth in the Appraisal. If either party rejects the FMV of the
Fee Property as set forth in an Appraisal, such party shall during such 30-day
period order, at its own expense, a re-appraisal ("Re-Appraisal") of the
affected Fee Property using the same methodology and assumptions as required to
be used for the Appraisal. If there is a disparity between the Re-Appraisal and
the Appraisal by an amount greater than 10% of the Appraisal, then the average
of the two appraisals will prevail; otherwise, the original appraised value will
be considered as the FMV. If both parties reject the value, then both parties
shall within the 30-day period, agree on and select a single appraiser to
conduct the Re-Appraisal and the expense of such Re-Appraisal shall be paid for
in equal shares by the parties. The Re-Appraisal amount shall be the final
appraised value for such Fee Property.

     6. Leasehold Properties; Assumption Payment. The liabilities for each
Leasehold Property shall be transferred as set forth below:

        (a) Within ten business days following the date hereof, Seller shall
deliver to Purchaser a lease abstract (if available), a copy of the lease and
copies of any agreements, correspondence or other documents relating that are in
Seller's or Seller's property manager's actual possession for each Leasehold
Property.

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        (b) Within 30 days following the date hereof, Purchaser and Seller shall
mutually agree upon the amount of the lease liability for each Leasehold
Property, including, without limitation, all base rent, real estate taxes,
operating expenses and other amounts payable as rent or additional rent with
respect to the Leasehold Property, but excluding charges for utilities, after
hours services and supplemental services that are separately itemized and billed
(such aggregate amount, the "Liability") for the period commencing on the
Settlement Date for such property and ending on the last day of the existing
term of the lease for such Leasehold Property, without giving effect to any
unexercised renewal options (such period, the "Remaining Lease Term"). In
consideration of Purchaser's assumption of the Liability for the Leasehold
Property for the Remaining Lease Term, Seller shall pay to Purchaser at
Settlement for the Leasehold Property an amount equal to 30% of the Liability
for such property (or 35% of the liability for such property if such property
was closed or substantially without operations for a period of 6 months or
longer before the date of this Agreement, it being understood that maintenance
of ATM operations alone shall not constitute business operations) (such amount
being referred to as the "Discount") as follows. If Settlement for one or more
Fee Properties occurs on the same Settlement Date as one or more Leasehold
Properties, Purchaser shall receive a credit against the aggregate Purchase
Price for the Fee Properties equal to the aggregate Discount for the Leasehold
Properties having the same Settlement Date. If there are no Settlements for Fee
Properties on the Settlement Date for the Leasehold Properties, or if the
aggregate Discount for the Leasehold Properties exceeds the aggregate Purchase
Price for the Fee Properties, Seller shall pay the excess of the Discount over
the aggregate Purchase Price to Purchaser at Settlement for the Leased
Properties by wire transfer of funds to an account designated by Seller.

        (c) Prior to the Settlement Date for a Leasehold Property, Purchaser
shall use commercially reasonable efforts (but at no cost to Seller or
Purchaser) to obtain from the landlord of the Leasehold Property (i) the
landlord's consent, if required under the lease, to Seller's assignment of the
lease to Purchaser, (ii) the landlord's consent, if required under the lease, to
Purchaser's further assignment or subleasing of the Leasehold Property to a
third party user, (iii) the landlord's agreement, if required under the lease,
that Purchaser's indefinite cessation of operations at the Leasehold Property
pending recommencement of same by a third party user will not be a default under
the lease (such consents and agreements being referred to collectively as the
"Landlord's Consent") and (iv) a release of Seller from all of Seller's
obligations as "tenant" under the lease (such agreement being referred to as the
"Tenant Release"). Purchaser also may, if desired by Purchaser, obtain from the
landlords of the Leasehold Properties an estoppel stating that the underlying
lease is in full force and effect and that Seller, as tenant, is not in default
thereunder ("Landlord's Estoppel").

        (d) Purchaser shall from time to time keep Seller advised regarding the
status of Purchaser's efforts to obtain the Landlord's Consents, Landlord
Estoppels and Tenant Releases. If by the anticipated Settlement Date for a
Leasehold Property Purchaser has not obtained the required Landlord's Consent
for such Leasehold Property, Purchaser shall so notify Seller and the Settlement
Date for such Leasehold Property automatically shall be extended for a period of
30 days. If Purchaser is not able to obtain the required Landlord's Consent
during such 30-day extension period, either Seller or Purchaser may at any time
thereafter withdraw the Leasehold Property from this Agreement. In the event of
a withdrawal of a Leasehold Property, Purchaser shall be solely responsible for
all of its due diligence and investigation costs and other expenses incurred in
connection therewith. Notwithstanding the foregoing, if a property is withdrawn
pursuant to this

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Paragraph it may not be added back to the contract unless mutually agreed to by
Seller and Purchaser.

        (e) If by the Settlement Date for a Leasehold Property, Purchaser has
not obtained a written Tenant Release, Seller, at Seller's option, may (i)
exclude the Leasehold Property from this Agreement, except that Seller shall not
exclude the Leasehold Property, if Purchaser has obtained a tenant pursuant to a
written lease for such Leasehold Property and Purchaser assigns the rents and
other payments due under such lease to Seller as additional security for
Seller's obligations under the lease, which assignment shall last until a Tenant
Release is obtained for such Leasehold Property, and (ii) Purchaser shall
deliver to Seller as security for Purchaser's timely performance of such
obligations a collateral assignment of Purchaser's interest in a money market,
mutual fund or similar accounts acceptable to Seller (or certificates of deposit
or other instruments of similar security and liquidity acceptable to Seller) by
means of a pledge agreement and related UCC-1 financing statements satisfactory
to Seller in an amount ("Secured Liability Amount") equal to 12 months' base
rent payable with respect to the Leasehold Property. If Seller excludes a
Leasehold Property pursuant to the preceding sentence, Seller shall reimburse
Purchaser for Purchaser's out-of-pocket costs for Purchaser's structural
inspection of the Leasehold Property. The Secured Liability Amount for a
Leasehold Property shall be annually adjusted on or before January 15 of each
calendar year based upon the base rents to be in effect under the lease for the
Leasehold Property for the 12-month period commencing January 1 of such year.
Upon the earlier to occur of (1) the expiration or earlier termination of the
lease for a Leasehold Property or (2) if and when Purchaser obtains a Tenant
Release for the Leasehold Property, then the amount of the Secured Liability
Amount shall be correspondingly reduced. The pledge agreement for the Secured
Liability Amount (together with related UCC-1 Financing Statements) shall be in
substantially the form attached hereto as Exhibit E. Purchaser shall pay all
costs associated with the filing of the UCC-1 Financing Statements. The
provisions of this subparagraph (e) shall survive the expiration or earlier
termination of this Agreement. The Secured Liability Amount posted by Purchaser
for each Leasehold Property shall secure the liability and obligations of
Purchaser under all Leasehold Properties hereunder.

        (f) Seller shall hold and apply the Secured Liability Amount as security
for Purchaser's timely and complete performance of its obligations under the
leases assumed for the Leasehold Properties, as follows:

            (i) Seller may draw on the Secured Liability Amount upon the
happening of any of the following events:

                (A) If after the Settlement Date the landlord of a Leasehold
Property makes a demand on Seller for payment of rent and/or other sums due from
and after such Settlement Date under the lease for such Leasehold Property
and/or has made demand on Seller for performance of any of the covenants to be
performed by the tenant under such lease from and after such Settlement Date, in
which event, Seller may draw on the Secured Liability Amount without limit, in
part or in whole, to the extent necessary, in Seller's reasonable judgment, to
satisfy the demand provided that before doing so, Seller gives Purchaser 15
business days' prior written notice of its intention to so draw and during, such
15 day period Purchaser fails to provide Seller with satisfactory evidence of
payment of all monetary sums demanded and, if applicable, written

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confirmation from the landlord under the lease of full compliance with all
non-monetary demands; or

                    (B) If Purchaser fails to deliver to Seller a replacement
instrument/security of Secured Liability Amount in proper form and amount at
least 15 business days prior to the expiration date of the then current Secured
Liability Amount.

               (ii) If the Secured Liability Account is insufficient to satisfy
in full any liability of Seller under the lease for such Leasehold Property:

                    (A) Purchaser shall remain fully liable to Seller for any
such deficiency and shall pay the same to Seller promptly on demand; and

                    (B) Promptly upon receipt of Seller's written request,
Purchaser shall assign to Seller all of Purchaser's right, title and interest in
such Leasehold Property to Purchaser, upon which event, Purchaser shall have no
further duties or obligations with respect to such Leasehold Property arising
after such assignment.

The provisions of this subparagraph (f)(ii) shall survive the expiration or
earlier termination of this Agreement and the Settlement for each Leasehold
Property and delivery of the Lease Assignment and Assumption Agreement.

           7.  Seller Excluded/Restricted Properties.

           (a) Seller Excluded Properties.

               (i) Notwithstanding anything to the contrary contained herein,
but subject to the limitations expressed in Section 7(a)(iii), Seller may, in
its sole and absolute discretion, exclude certain Closed Properties from this
Agreement upon the following terms and conditions (any property so excluded, a
"Seller Excluded Property"). Seller may elect to cause a Closed Property to be a
Seller Excluded Property prior to, on or after the Closed Property Designation
Date, but if after the Closed Property Designation Date, Seller's election shall
be made prior to the expiration of the Due Diligence Period. Seller may not
elect to exclude a Closed Property after the Due Diligence Period if, as of the
date of Seller's election, Purchaser has signed an arms-length letter of intent
with an unaffiliated third party (that expresses the material terms and
conditions of the proposed transaction and imposes on the parties an obligation
to endeavor to negotiate and execute a definitive agreement in good faith) or
otherwise contracted to sell or lease the Closed Property in an arms-length
transaction to another unaffiliated third party (any such occurrence, a
"Purchaser Disqualifying Action"). If the Purchaser Disqualifying Action
expires, terminates, lapses or is otherwise satisfied without the Closed
Property having been sold, leased, sub-leased or assigned to another party (or,
in the case of a letter of intent, if ninety (90) days have elapsed following
Purchaser's receipt of Seller's Excluded Property designation notice and
Purchaser and an unaffiliated third party have failed to execute a definitive
agreement to sell or lease the Closed Property), Purchaser shall promptly notify
Seller of such event in writing and Seller may thereafter elect, in its sole and
absolute discretion, anytime prior to the expiration of the Due Diligence
Period, to cause the Closed Property to be a Seller Excluded Property.

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            (ii)  In the event Seller elects to exclude a Closed Property prior
to or on the Closed Property Designation Date, Seller shall notify Purchaser in
writing of such election and thereafter have no responsibility or obligation
whatsoever to Purchaser under the terms of this Agreement as to the Seller
Excluded Property. In the event Seller timely elects to exclude a Closed
Property after the Closed Property Designation Date, Seller shall do so in
writing, Seller shall reimburse Purchaser its reasonable due diligence costs
actually incurred not to exceed $10,000.00. Thereafter, neither party shall have
any responsibility or obligation whatsoever to the other party under the terms
of this Agreement as to the Seller Excluded Property.

            (iii) The number of Closed Properties eligible to be excluded under
this Section 7 shall not at any time exceed two (2) of the Closed Properties
offered to Purchaser on a moving twelve-month basis during the term of this
Agreement. Any Closed Property withdrawn due to environmental, physical or
structural defects as set forth in Section 10 hereof, or title defects as set
forth in Section 11 hereof shall not be counted towards the two (2) Closed
Properties that Seller may exclude.

        (b) Purchaser and Seller have agreed that Seller may restrict Purchaser
from leasing or selling up to three (3) Closed Properties on a moving
twelve-month basis to a specific financial institutions ("Restricted Financial
Institution"), however, Seller may not designate more than two (2) Restricted
Financial Institutions for each Closed Property. The specific Closed Property
and the Restricted Financial Institution(s) shall be designated on the Closed
Property Designation Notice.

     8. Dark Period. Each Closed Property shall be subject to the limitation
that neither Purchaser nor Purchaser's Responsible Parties (as hereinafter
defined) shall (i) display any on-site signage advertising a new banking
facility, (ii) issue any newspaper advertisement, (iii) or open for business or
conduct any on-site operations as a banking facility at a Fee Property for a
period of one hundred twenty (120) days following the Operations Closing Date
(except that with the prior written consent of Purchaser, such period may be
extended for an additional sixty (60) days for a period not to exceed one
hundred eighty (180) days) and for a period of ninety (90) days at a Leasehold
Property, subject to any continuous operations clauses in the Lease (the "Dark
Period"), it being understood and agreed that it shall not be a violation of the
foregoing limitation for Purchaser or Purchaser's Responsible Parties to (a)
alter, modify or otherwise improve the interior or exterior of the Building for
banking purposes or (b) use the Fee Property for purposes other than banking
purposes during the Dark Period. If Purchaser or any of Purchaser's Responsible
Parties violates the foregoing Dark Period restrictions at a Closed Property,
Purchaser shall pay to Seller liquidated damages in an amount equal to $500.00
for each day that such violation continues at such Closed Property (the
"Liquidated Damages") and, in the event that Purchaser or any of Purchaser's
Responsible Parties violates the Dark Period restrictions at more than one
Closed Property, the Liquidated Damages shall apply to each Closed Property
separate for such violation exists. The Liquidated Damages shall be paid by
Escrow Agent (defined below) to Seller from the Deposit (defined below), within
five (5) business days of Escrow Agent and Purchaser's receipt of Seller's
written notice of Purchaser's violation of the Dark Period. Within five (5)
business days of Escrow Agent's payment of the Liquidated Damages to Seller,
Purchaser shall deposit with Escrow Agent an amount equal to the Liquidated
Damages paid by Escrow Agent to Seller. The foregoing Dark Period restriction
shall survive Settlement on each Closed Property, shall survive the expiration
or earlier termination of this Agreement and shall constitute a covenant running
with the Closed

                                       9

<PAGE>

Property for the benefit of Seller and its successors and assigns. Purchaser
shall be responsible to advise its transferees, tenants, licensees,
subsidiaries, affiliates, successors, assigns and other occupants (herein
collectively referred to as "Purchaser's Responsible Parties") of the Closed
Property of this restriction. The parties acknowledge that the aforesaid
liquidated damages are reasonable and do not constitute a penalty and are being
agreed upon due to the difficulty of calculating the actual amount of damages
that Seller might sustain in the event of a violation of any of the Dark Period
restriction. Seller shall notify Purchaser promptly following Seller becoming
aware that Purchaser or any of Purchaser's Responsible Parties is in violation
the Dark Period restrictions and provide Purchaser a 10 day cure period for each
violation of the Dark Period restriction.

     9.  Settlement. The transfer of ownership of a Fee Property and/or the
assignment and assumption of financial liability for a Leasehold Property
("Settlement") shall occur on the date ("Settlement Date") that is 30 days
following the expiration of the Due Diligence Period (as hereinafter defined)
or, if later to occur and applicable, 30 days following the Operations Closing
Date for such Closed Property (subject to extension of Settlement for specified
Closed Properties pursuant to any provision hereof). All Settlements shall occur
at the office of Morgan, Lewis & Bockius LLP, 1701 Market Street, Philadelphia,
Pennsylvania, or at such other place as Seller and Purchaser may mutually agree,
commencing at 10:00 AM on the Settlement Date.

     10. Due Diligence Period; Purchaser's Access to Closed Properties. As to
each Closed Property, Purchaser shall have a period equal to 60 days following
the date on which the Purchase Price for each Fee Property pursuant to Section 5
above and the leasehold assumption payments for each Leasehold Property pursuant
to Section 6 above are determined (the "Due Diligence Period") to perform such
due diligence review and analysis of the Closed Property as Purchaser deems
necessary including, without limitation, to investigate, review, survey and
physically inspect the Closed Property, to obtain a title search and survey, to
conduct Phase I environmental studies and engineering studies of each Closed
Property as described below and, with respect to a Leasehold Property, to review
the lease.

              (a) During the Due Diligence Period for each Closed Property, as
same may be extended with respect to such Closed Property pursuant to Sections
9(b) and (c) hereof, Purchaser, its employees and agents, at Purchaser's sole
cost and expense, shall have the right to enter upon such Closed Property to
inspect such Closed Property and Seller shall provide Purchaser, its employees
and agents, with access thereto. Purchaser shall give Seller five business days'
prior written notice of its entry upon the Closed Property and shall coordinate
such entry and inspection with Seller so that the entry is at a mutually
convenient time. Prior to each such entry, Purchaser shall provide certificates
of insurance to Seller evidencing liability insurance in the minimum amount of
$2,000,000.00 combined per occurrence limit carried by Purchaser and/or
Purchaser's agents naming Seller, its agents, and employees as additional
insured's thereunder, in order to insure any loss arising out of or in
connection with entry upon the Closed Property. The aforesaid insurance shall be
issued by an insurance company licensed in the state where the Closed Property
is located and said insurance company shall be acceptable to Seller. In
addition, Purchaser shall comply with applicable state worker's compensation
laws. Upon completion of any inspections, Purchaser, shall restore the Closed
Property to the condition in which it existed prior to said inspections.
Purchaser shall and hereby does indemnify, defend, and save harmless Seller from
and against any and all claims arising out of the entry on and inspection of
each and every Closed

                                       10

<PAGE>

Property by Purchaser and/or Purchaser's employees and agents, including,
without limitation, Seller's attorneys' fees and costs. Notwithstanding anything
contained in this Agreement to the contrary, the terms of this subsection shall
survive (i) Settlement on such Closed Property and the delivery of the Deed (as
hereinafter defined) or Lease Assignment and Assumption Agreement (as
hereinafter defined), as applicable, (ii) the termination of this Agreement as
to such Closed Property and (iii) the expiration or earlier termination of this
Agreement.

         (b) Prior to the expiration of the Due Diligence Period for each Closed
Property, if Purchaser's environmental consultant, based on records and other
documentation obtained during its Phase I environmental investigation ("Phase I
Study"), determines that a Phase II environmental study ("Phase II Study") is
necessary with respect to such Closed Property, Purchaser shall give to Seller
written notice thereof, together with a complete copy of the Phase I Study and a
reasonably detailed explanation of the reasons therefor from Purchaser's
environmental consultant. Within ten business days after receipt of such notice,
Seller shall either (i) obtain the Phase II Study at Seller's sole cost and
expense, (ii) permit Purchaser to obtain a Phase II Study at Seller's sole cost
and expense, which shall be conducted by an environmental consultant
satisfactory to Seller in its reasonable judgment pursuant to a scope of study
satisfactory to Seller in its reasonable judgment; or (iii) withdraw the Closed
Property from this Agreement, and in the latter event, this Agreement shall
terminate and be null and void as to such withdrawn Closed Property, but shall
continue in full force and effect as to the remaining Closed Properties. If
Seller or Purchaser obtains a Phase II Study for such Closed Property, as
provided above, and if the Phase II Study identifies one or more environmental
conditions requiring remediation, then, within ten business days after Seller
delivers the Phase II Study to Purchaser, or Purchaser delivers the Phase II
Study to Seller, as applicable, Seller shall either (i) agree to remediate and
abate the disclosed environmental condition(s) at Seller's sole cost and expense
in conformity with all applicable Environmental Requirements or (ii) withdraw
the Closed Property from this Agreement, and in the latter event, this Agreement
shall terminate and be null and void as to such withdrawn Closed Property, but
shall continue in full force and effect as to the remaining Closed Properties.
Unless the Closed Property is withdrawn from this Agreement by Seller as
aforesaid, the Due Diligence Period and Settlement automatically shall be
extended for such time as is necessary for Seller or Purchaser, as applicable,
to complete the environmental investigations and remediations described above.
In the event of the failure of Seller to perform or authorize a Phase II Study
or remediate an identified environmental condition as set forth in this Section,
Seller shall be solely responsible for all of Purchaser's due diligence and
investigation costs and expenses for such property. Notwithstanding the
foregoing, if a property is withdrawn pursuant to this Paragraph it may not be
added back to the contract unless mutually agreed to by Seller and Purchaser.

         (c) Prior to the expiration of the Due Diligence Period (as hereinafter
defined) for each Closed Property, if Purchaser's consultant, based on physical
inspection, records and other documentation obtained during its physical
conditions investigation, determines that the Closed Property requires
non-deferrable repairs or replacements (other than cosmetic matters) to the roof
membrane, roof deck, footers, foundations, plumbing systems, electrical systems,
heating, ventilating and air conditioning systems, mechanical systems, or facade
(exterior skin) or windows or to cause such Closed Property to comply with
applicable legal requirements for the use made by Seller prior to the Operations
Closing Date, or in the case of Leasehold Properties are repairs that are not
the responsibility of the landlord under the lease, Purchaser shall give written
notice thereof and a copy of the consultant's reports to Seller. Within ten
business days after receipt of such notice

                                       11

<PAGE>

and the report, Seller shall, at its sole election, by written notice to
Purchaser, either (i) subject to the provisions of the following sentence of
this Section 9(c), agree to allow a credit against the Purchase Price for such
Fee Property in the amount of the reasonably estimated costs of such capital
repair, or in the case of a Leasehold Property, increase the Discount in the
reasonably estimated cost of such capital repairs or (ii) withdraw such Fee or
Leasehold Property from this Agreement, and in the latter event, this Agreement
shall terminate as to such withdrawn Fee or Leasehold Property, but shall
continue in full force and effect as to the remaining Closed Properties, or
(iii) perform the repairs set forth in the consultant's report within ten (10)
business days of Seller's receipt of said report. If Seller' elects to perform
the repairs pursuant to subsection (iii) of the preceding sentence, Purchaser
shall be permitted to have such repairs inspected by Purchaser's consultant and
such repairs shall be performed to Purchaser's consultant's reasonable
satisfaction. In the event of a withdrawal of a Fee Property pursuant to this
subparagraph or a termination of this Agreement as provided herein as to such
Fee Property, Seller shall be solely responsible for all of Purchaser's due
diligence and investigation costs and expenses for such property.
Notwithstanding the foregoing, if a property is withdrawn pursuant to this
Paragraph it may not be added back to the contract unless mutually agreed to by
Seller and Purchaser.

         (d) Within five business days following the date hereof, Seller shall
make available to Purchaser for inspection and copying at Purchaser's expense
all documents and records relating to the physical condition and operating
history of Closed Property to the extent in Seller's or Seller's property
manager's actual possession, such documents to be made available to Purchaser at
the location or locations where such documents are kept in the ordinary course
of Seller's business.

  11. Title.

         (a) As to each Fee Property, the title conveyed shall be good and
indefeasible and such as will be insured by any reputable title insurance
company at regular rates, free and clear of all liens, judgments and similar
encumbrances, subject however to:

             (i)   the state of facts shown on an accurate survey of the Fee
Property, other than a matter which would constitute an Objection (as
hereinafter defined) that Purchaser does not waive pursuant to Section 10(c)
below;

             (ii)  zoning regulations, municipal building restrictions and all
other laws, ordinances, regulations and restrictions of any duly constituted
public authority enacted prior to the Settlement Date;

             (iii) grants to governmental entities or to utility and/or power
companies, the right of the public in sidewalks and abutting public
rights-of-way, and easements given to the public for water course maintenance,
slope rights or sight rights;

             (iv)  the lien of current taxes and assessments not yet due and
payable;

             (v)   special taxes and assessments becoming a lien on or after the
Settlement Date;

             (vi)  if applicable, tenancies of Permitted Leases;

                                       12

<PAGE>

          (vii)  standard exceptions set forth in the form of title insurance
policy of the title insurance company selected by Purchaser; and

          (viii) any other matter which would constitute an Objection (as
hereinafter defined) that Purchaser waives pursuant to Section 10(c) below,
provided that with respect to any Monetary Objection (as hereinafter defined)
against Seller, same shall not constitute an Objection if a title insurance
company authorized to do business in the state in which the affected Fee
Property is located agrees that it will insure title free of such Monetary
Objection or with affirmative insurance against the enforcement of such Monetary
Objection against the affected Fee Property, and such removal or affirmative
coverage does not require Purchaser to defend an action brought on any such
judgment.

      (b) The term "Objection" shall mean any matter shown on the survey
obtained by Purchaser or which would be shown on a current survey or any
covenant, easement, restriction or other title defect or encumbrance (including,
without limitation, any lien or lack of direct access to a dedicated public
street), other than the matters referred to in Section 10(a) above, which
renders title to the Fee Property either unmarketable or uninsurable at regular
rates, materially reduces the value of the Fee Property or impairs or restricts
its use for the uses contemplated by the Appraisal.

      (c) As to each Fee Property, Purchaser shall order, at Purchaser's
expense, a title commitment from a title insurance company authorized to do
business in the state in which such Fee Property is located and, if so desired
by Purchaser, a survey. Purchaser shall deliver to Seller a copy of the title
commitment and, if applicable, survey for such Fee Property within five business
days following the date that the same are received by Purchaser. Prior to the
end of the Due Diligence Period for the Fee Property, Purchaser shall give
written notice of any Objection ("Title Objection Notice") to Seller. Purchaser
shall be deemed to have waived any Objection existing on the last day of the Due
Diligence Period and not specified in such notice.

      (d) Seller shall have no obligation to bring any action or proceeding or
otherwise to incur any expense or liability (contingent or otherwise) to remedy
an Objection; provided, however, that if an Objection is a monetary lien,
judgment or encumbrance of an ascertainable amount not described in Section
10(a) above (a "Monetary Objection"), Seller shall be obligated, at or prior to
the Settlement Date, to cause such Monetary Objection to be satisfied or to
cause the title insurance company to insure title either free of such Monetary
Objection or with affirmative insurance against the enforcement of such Monetary
Objection by delivery of an acceptable indemnity. If Seller is unable to convey
title to a Closed Property in accordance with this Agreement, the same shall not
constitute a default by Seller hereunder, and, unless Seller timely notifies
Purchaser of Seller's election to remedy the Objection as expressed in Section
10(e) below, Purchaser shall elect one of the following options: (i) to accept
such title as Seller is able to convey at Settlement, without any reduction of
the Purchase Price or any credit or allowance on account thereof or any other
claim against Seller or (ii) to withdraw the Closed Property from this
Agreement, in which event this Agreement shall terminate and be null and void as
to such withdrawn Closed Property, but shall continue in full force and effect
as to the remaining Closed Properties. Seller shall notify Purchaser in writing
within ten business days' following Seller's receipt of the Title Objection
Notice whether Seller intends to remedy the Objections identified therein. If
Seller fails to do so (in which event, Seller shall be deemed to have elected
not to remedy any Objections) or notifies Purchaser in writing that Seller does
not intend to remedy an Objection,

                                       13

<PAGE>

Purchaser shall, within ten business days thereafter, notify Seller in writing
whether Purchaser elects either option (i) or (ii) above. If Purchaser does not
make such election within such ten business day period, Purchaser shall be
deemed to have elected option (i) above.

            (e) Although Seller is not obligated to do so, Seller shall have the
right to remedy any Objection with respect to a Closed Property on written
notice given to Purchaser within ten business days after Seller's receipt of the
Title Objection Notice. For the purpose of remedying an Objection, Seller shall
have the right to one or more adjournments of the Settlement for such Closed
Property for an aggregate period not to exceed 90 days. If Seller notifies
Purchaser of it's intention to remedy an Objection, but Seller fails or is
unable to do so prior to the adjourned Settlement, Seller shall so notify
Purchaser in writing and Purchaser shall, within ten business days following
Purchaser's receipt of such notification, advise Seller in writing whether
Purchaser elects either option (i) or option (ii) from Section 10(d) above. If
Purchaser does not make such election within such ten business day period,
Purchaser shall be deemed to have elected option (i) above.

            (f) The sale includes whatever right, title and interest Seller has
in and to any Personal Property. Seller makes no representations as to the
quality, kind or condition thereof, and Purchaser agrees to take the same
"WHERE-IS" and "AS-IS."

     12. Service and Maintenance Contracts.

            (a) Seller has entered into certain maintenance and service
contracts for certain of the Closed Properties, all of which shall be terminated
at or prior to the Settlement for each such Closed Property, provided that
Purchaser shall have the right, upon written notice to Seller at least 30 days
prior to the Settlement Date, to identify maintenance and service contracts that
Purchaser desires to continue and assume following the Settlement Date. Seller
shall indemnify, defend and hold Purchaser harmless from and against all claims
for payment by such contractors for services with respect to such Closed
Property rendered prior to the date of the Settlement for such Closed Property.
Purchaser shall indemnify, defend and hold Seller harmless from and against all
claims for payment by such contractors for services with respect to such Closed
Property rendered after the date of the Settlement for such Closed Property.
This Section 11(a) shall survive the Settlement for such Closed Property and
delivery of the Deed or Lease Assignment and Assumption Agreement, as
applicable.

            (b) Seller hereby agrees that from and after the date hereof, Seller
shall not enter into any leases of or contracts for such Closed Property, the
term of which leases or contracts extend beyond the Settlement for such property
without Purchaser's prior written consent, which consent may be given or
withheld in Purchaser's sole discretion.

     13. Documents to be Delivered by Seller at Settlement. At Settlement on
each Closed Property, Seller shall deliver to Purchaser:

            (a) for each Fee Property, the customary form of special or limited
warranty deed (such that Seller shall only warrant for claims arising by,
through or under Seller, but none others) for the state for which the Fee
Property is located (collectively, the "Deeds") shall be duly executed by
Seller, be in form for recordation, be accompanied by completed realty transfer
tax forms, if required;

                                       14

<PAGE>

            (b) where applicable, an assignment and assumption of any Permitted
Leases in the form attached hereto as Exhibit F ("Assignment of Permitted
Leases");

            (c) for each Closed Property, a bill of sale in the form attached
hereto as Exhibit G ("Bill of Sale"), pursuant to which Seller shall sell and
transfer the personal property at such Closed Property subject to this Agreement
to Purchaser;

            (d) for each Leasehold Property, an assignment and assumption of
lease in the form attached hereto as Exhibit H ("Lease Assignment and Assumption
Agreement") pursuant to which Seller shall assign and Purchaser shall assume
Seller's interest (as lessee) under the lease for such Leasehold Property;

            (e) a closing statement showing the applicable Settlement
adjustments, duly executed by Seller;

            (f) FIRPTA affidavit in the form attached hereto as Exhibit I and
the customary form of title company affidavit, each duly executed by Seller,
together with such documents and other evidence as is reasonably required by
Purchaser's title insurance company to establish that Seller is authorized to
execute the closing documents;

            (g) a Certificate of Seller in the form attached hereto as Exhibit
J, confirming the truth, accuracy and completeness of the representations and
warranties of Section 19 hereof with respect to Seller;

            (h) evidence of the authority of the officers of Seller executing
the documents described in this Section 12 to execute such documents; and

            (i) originals, to the extent in Seller's or Seller's property
manager's actual possession, of surveys, permits, licenses, leases, subleases,
warranties and guarantees covered by this Agreement.

     14. Documents to be Delivered by Purchaser at Settlement. At Settlement on
each Closed Property, Purchaser shall deliver to Seller:

            (a) the Purchase Price for each Fee Property by wire transfer of
immediately available funds, subject to prorations, any applicable credits and
adjustment for the amount of any Discount payable to Purchaser for any Closed
Leasehold Properties having the same Settlement Date;

            (b) where applicable, the Assignment of Permitted Leases described
in Section 12(b) above duly executed by Purchaser;

            (c) for each Leasehold Property, the applicable Lease Assignment and
Assumption Agreement described in Section 12(d) above duly executed by
Purchaser;

            (d) for each Leasehold Property for which Purchaser was able to
obtain same, the Landlord's Consent, Landlord's Estoppel and the Tenant Release,
each as described in Section 6 (c) above;

                                       15

<PAGE>

            (e) for each Leasehold Property for which Purchaser was not able to
obtain the Tenant Release, the Secured Liability Amount described in Sections
6(e);

            (f) a closing statement showing the applicable Settlement
adjustments, duly executed by Purchaser;

            (g) a Certificate of Purchaser or Purchaser's permitted assignee, in
the form attached hereto as Exhibit K, confirming the truth, accuracy and
completeness of the representations and warranties of Section 18 hereof with
respect to Purchaser or such assignee, as applicable, and duly executed by
Purchaser or Purchaser's permitted assignee; and

            (h) evidence of the authority of the officers of Purchaser executing
the documents described in this Section 13 to execute such documents.

     15. Possession. At Settlement on each Closed Property, Seller shall give
Purchaser possession of the Closed Property, free and clear of all tenants
except for existing tenants under Permitted Leases.

     16. Adjustments. At each Settlement, Purchaser and Seller shall adjust for
real estate taxes and assessments on the Closed Property, municipal water and
sewer charges, fuel, utility charges, rent, and lease liabilities, such
adjustments to be calculated as of 11:59 PM on the day immediately preceding
Settlement. In addition, Seller shall account to and turn over to Purchaser any
and all security deposits paid by existing tenants of the Closed Property (where
Seller is landlord), and Purchaser shall reimburse Seller for any and all
security deposits held by landlords under leases for Leasehold Properties (where
Seller is tenant). Prior to the Settlement, Seller shall have paid all service
providers under the service and maintenance contracts for the Closed Property
for services rendered up to the day prior to the Settlement. If the Settlement
shall occur before the tax rate or assessed valuation of the subject Closed
Property is fixed for the then-current year, the apportionment of real estate
taxes for the year of Settlement shall be upon the basis of the most recent tax
bills and the tax rate for the most recent tax year applied to the latest
assessed valuation. There shall be no post-Settlement reconciliations or
reprorations.

     17. Expenses. At each Settlement, Purchaser and Seller shall divide (i)
realty transfer taxes and (ii) title insurance, escrow and closing charges of
the settlement or closing agent according to local custom for the state in which
the Fee Property is located. Seller shall pay any recording fees for the
satisfaction of any mortgages, liens or judgments affecting the Closed Property
and Purchaser shall pay all recording fees (other than realty transfer taxes or
similar fees, which shall be allocated according to local custom) in connection
with the conveyances of the Closed Fee Properties and assignments of the
leasehold interests in the Closed Leasehold Properties. Title, survey, appraisal
and inspection costs shall be apportioned as provided for in this Agreement.
Each party shall bear all other fees, charges and expenses incurred by it,
without contribution from the other, in connection with this transaction.

     18. Notices and Assessments; Tax Appeals.

            (a) Seller shall (i) comply with the requirements of any and all
notices relating to each Closed Property which may be issued by municipal or
other public authorities prior to the date hereof for a Closed Property and (ii)
pay for all work and improvements done or ordered to be

                                       16

<PAGE>

done prior to the date hereof for a Closed Property by any such authority which
results in the imposition of a confirmed lien against a Closed Property prior to
Settlement. If Settlement takes place as to such Closed Property, all other
requirements and notices shall be complied with by Purchaser and all other work
or improvements done or ordered done shall be performed and paid for Purchaser.

            (b) Seller agrees that from and after the date hereof for a Closed
Property it will not file any real estate tax assessment appeal with respect to
any Closed Property prior to Settlement on such Closed Property without
Purchaser's prior written consent.

     19. Purchaser's Representations. Purchaser (and, if applicable, Purchaser's
Affiliate) represents to Seller, which representations shall be true, correct
and complete as of each Settlement Date hereunder and which shall survive each
Settlement, as follows:

            (a) Purchaser is, and at the Settlement shall be, a corporation (or
limited liability company, or limited partnership, as applicable) duly
organized, validly existing, and in good standing under the laws of the state of
formation, and as of each Settlement, with full power and authority to conduct
its business affairs in the state where the Closed Property is located.

            (b) The execution, delivery and performance of this Agreement, in
accordance with its terms, do not violate Purchaser's articles of incorporation,
by-laws, or any contract, agreement, commitment, order, judgment or decree to
which Purchaser is a party or by which it is bound.

            (c) The execution and delivery of this Agreement and the performance
by Purchaser of its obligations hereunder have been duly authorized by all
required action of Purchaser and the officers of Purchaser in full compliance
with the provisions of Purchaser's articles of incorporation and by-laws. The
person executing this Agreement on behalf of Purchaser is duly authorized to do
so.

            (d) Purchaser has the right, power and authority to make and perform
its obligations under this Agreement and this Agreement is a valid and binding
obligation of Purchaser enforceable against Purchaser in accordance with its
terms.

     20. Seller's Representations. Seller represents to Purchaser, which
representations shall be true, correct and complete as of each Settlement Date
hereunder and which shall survive each Settlement, as follows:

            (a) Seller is, and at the Settlement shall be, an Alabama banking
corporation, duly organized and validly existing, with full power and authority
to conduct its business affairs in the state in which the Closed Property is
located.

            (b) The execution, delivery and performance of this Agreement by
Seller, in accordance with its terms, do not violate Seller's articles of
incorporation, by-laws, or any contract, agreement, commitment, order, judgment
or decree to which Seller is a party or by which it is bound.

                                       17

<PAGE>

            (c) The execution and delivery of this Agreement and the performance
by Seller of its obligations hereunder have been duly authorized by all required
action of Seller and the officers of Seller in full compliance with the
provisions of Seller's articles of incorporation and by-laws. The person
executing this Agreement on behalf of Seller is duly authorized to do so.

            (d) Seller has the right, power and authority to make and perform
its obligations under this Agreement and this Agreement is a valid and binding
obligation of Seller enforceable against Seller in accordance with its terms.

     21. Risk of Loss. If a condemnation proceeding is instituted against a
Closed Property or any portion thereof, or if a Closed Property is substantially
damaged by fire or other casualty, prior to Settlement, Purchaser may terminate
this Agreement as to such Closed Property upon written notice to Seller,
whereupon the parties shall have no further liabilities or obligations hereunder
with respect to such Closed Property, but this Agreement shall continue in full
force and effect as to the remaining Closed Properties. If Purchaser does not so
terminate this Agreement as to a Closed Property in the case of condemnation or
substantial damage by fire or other casualty, or if in the case of fire or other
casualty to a Closed Property there is less than substantial damage, then in
each of such cases, this Agreement shall continue to be effective as to such
Closed Property, and Seller shall assign to Purchaser at Settlement all of
Seller's right to receive any award for such condemnation or insurance proceeds
as a result of such damage (as the case may be), together with all of Seller's
rights to litigate such claim and to negotiate a settlement with the condemning
authority or the insurance carrier; provided, however, to the extent Seller
self-insures (including a deductible or any under-insured amount) against a
casualty, then the Purchase Price for the affected Fee Property shall be
adjusted to reflect a credit in favor of Purchaser for the amount of such under-
insured amount. For purposes of this Section 19, a Closed Property shall be
deemed to have been "substantially damaged" if such damage occurs at a Fee
Property or a Leasehold Property that Seller is responsible to restore and such
restoration either will require more than 120 days to complete or will cost in
excess of 25% of the Purchase Price of such Fee Property. If the damage occurs
at a Leasehold Property that the landlord is responsible to restore, such
Leasehold Property shall be deemed to have been "substantially damaged" if the
landlord elects to terminate the lease in lieu of restoration or elects to
restore, but such restoration will require more than 120 days to complete.
Seller agrees to maintain its current property insurance policies on the Closed
Properties during the pendency of this Agreement.

     22. Closed Properties "AS-IS". Purchaser either (a) has heretofore
inspected each of the Closed Properties, or caused an inspection thereof to be
made on Purchaser's behalf, or (b) will have done so prior to the end of the Due
Diligence Period or (c) will have waived its right to do so as hereinbelow set
forth, so that, by the end of the Due Diligence Period (as hereinafter defined),
Purchaser shall be (or shall have had the opportunity to become) acquainted with
the condition of the Closed Properties and the improvements located therein.
Purchaser agrees to take the Closed Properties "AS-IS," "WHERE-IS," and in their
present condition, subject to reasonable use, wear and tear, and (subject to
Section 20 above) damage by fire and other casualties, and (subject to Section
20 above) due to a taking by condemnation or eminent domain, between the date
hereof and the Settlement on each of the Closed Properties. Until the
Settlement, Seller agrees to maintain each Fee Property in its present
condition, reasonable wear and tear excepted, and to likewise maintain each
Leasehold Property but only to the extent it has responsibility therefor under
the lease for such Leasehold Property. Notwithstanding the foregoing, Purchaser
shall not be obligated to take an

                                       18

<PAGE>

assignment of a lease for a Closed Leasehold Property for which an event of
default has occurred and is continuing as of the Settlement Date and, as
expressed in the Lease Assignment and Assumption Agreement, Seller shall be and
remain responsible for any defaults under a lease for a Closed Leasehold
Property that have occurred prior to the Settlement Date therefor. The terms of
this Section 21 shall survive the Settlement on each Closed Property and the
delivery of the Deed or Lease Assignment and Assumption Agreement, as
applicable, and shall survive the expiration or earlier termination of this
Agreement.

     23. Deposit.

            (a) Within five business days after this Agreement has been executed
by Purchaser and Seller, Purchaser shall deliver as security for the performance
of Purchaser's obligations hereunder the sum of $250,000 ("Deposit") to be held
in escrow and disbursed as herein provided. The Deposit shall be deposited with
Chicago Title Insurance Company ("Escrow Agent").

            (b) The interest earned (if any) on the Deposit shall be part of the
Deposit. Provided that Purchaser is not in default hereunder, the interest
earned on the Deposit shall be paid to the Purchaser on each one-year
anniversary date of this Agreement. The Deposit shall be paid to the Seller as
provided in Section 23(b) below if the Purchaser defaults or if the Seller
terminates this Agreement for cause as provided in Section 23(b) below. On the
last to occur of (i) the date of expiration or earlier termination of this
Agreement or (ii) the Settlement Date for the last of the Closed Properties
subject to this Agreement, the Deposit shall be paid to the Purchaser.

     24. Default.

            (a) If Seller defaults in its duties or obligations under this
Agreement prior to Settlement, and if such default continues for more than ten
business days following written notice thereof to Seller, Purchaser shall be
entitled to terminate this Agreement (either in its entirety or, at Purchaser's
election, only as to the Closed Properties for which Settlement did not occur as
a result of Seller's material breach) and the sole liability of Seller shall be
to pay (and the sole remedy of Purchaser shall be limited to receiving from
Seller) liquidated damages in an amount equal to 10% of the Purchase Price for
each Closed Property on which Seller fails to make Settlement, provided that,
notwithstanding an election by Purchaser to terminate this Agreement in its
entirety as a result a material breach hereof by Seller, Seller and Purchaser
shall nevertheless remain entitled and obligated to complete Settlement on all
Closed Properties and Purchaser shall only be entitled to receive liquidated
damages as aforesaid for Closed Properties if, as and when Seller fails to
complete Settlement thereon as required hereby. Upon Seller's payment of the
liquidated damages to Purchaser as aforesaid, Purchaser shall deliver to Seller
(without representation or warranty and with a disclaimer of reliance) complete
copies (with all appendices and exhibits) of all (interim drafts as well as
final reports, if any) due diligence reports, evaluations, investigations,
surveys and title searches in Purchaser's possession or control as to the Closed
Properties for which Settlement did not occur as a result of Seller's material
breach, this Agreement shall become null and void with respect to such Closed
Properties and the parties shall have no further liabilities or obligations
hereunder with respect thereto.

                                       19

<PAGE>

            (b) If Purchaser defaults in its duties or obligations under this
Agreement prior to Settlement, and if such default continues for more than ten
business days following written notice thereof to Purchaser, Seller shall be
entitled to terminate this Agreement (either in its entirety or, at Seller's
election, only as to the Closed Properties for which Settlement did not occur as
a result of Purchaser's breach) and the sole liability of Purchaser shall be to
pay (and the sole remedy of Seller shall be limited to receiving out of the
Deposit (as hereinafter defined) if the same is sufficient and, if the Deposit
is not sufficient, directly from Purchaser) liquidated damages in an amount
equal to 10% of the Purchase Price for each Closed Property on which Purchaser
fails to make Settlement, provided that, notwithstanding an election by Seller
to terminate this Agreement in its entirety as a result a material breach hereof
by Purchaser, Seller and Purchaser shall nevertheless remain entitled and
obligated to complete Settlement on all Closed Properties and Seller shall only
be entitled to receive liquidated damages as aforesaid for Closed Properties if,
as and when Purchaser fails to complete Settlement thereon as required hereby.
In addition, Purchaser shall deliver to Seller (without representation or
warranty and with a disclaimer of reliance) complete copies (with all appendices
and exhibits) of all (interim drafts as well as final reports, if any) due
diligence reports, evaluations, investigations, surveys and title searches in
Purchaser's possession or control. Upon Purchaser's payment of the liquidated
damages and delivery of the reports and other materials to Seller as aforesaid,
this Agreement shall become null and void as to the Closed Properties for which
Settlement did not occur as a result of Purchaser's material breach and the
parties shall have no further liabilities or obligations hereunder with respect
thereto.

            (c) The provisions of this Section 23 shall survive the expiration
or earlier termination of this Agreement. The parties acknowledge that the
aforesaid liquidated damages are reasonable and do not constitute a penalty and
are being agreed upon due to the difficulty of calculating the actual amount of
damages that the non-defaulting party might sustain in the event of a default by
the other party and termination of this Agreement.

     25. Brokers. Each party represents and warrants to the other that it has
not dealt with any real estate broker, agent or finder in connection with this
Agreement. The parties agree to indemnify and hold one another harmless based
upon their actions and dealings from any claims or causes of action concerning
brokerage or finder's fees or commissions. If any claim against Seller is
asserted by any person, firm or corporation claiming a commission and/or
finder's fee with respect to the transactions contemplated by this Agreement,
and resulting from any act, representation or promise of Purchaser, Purchaser
shall indemnify, defend and save harmless Seller from such claim resulting from
any act, representation or promise of Purchaser. If any claim against Purchaser
is asserted by any person, firm or corporation claiming a commission and/or a
finder's fee with respect to the transactions contemplated by this Agreement,
and resulting from any act, representation or promise of Seller, Seller shall
indemnify, defend and save harmless Purchaser from such claim resulting form any
act, representation or promise of Seller. The terms of this Section 24 shall
survive the Settlement on each Closed Property and the delivery of the Deed or
Lease Assignment and Assumption Agreement, as applicable, and shall survive the
expiration or earlier termination of this Agreement.

     26. Notices. All notices hereunder shall be in writing and shall be deemed
to have been properly given if personally delivered, sent via facsimile or sent
by private overnight express carrier, such as Federal Express, next business day
delivery, charges prepaid, addressed to Seller at Emilio M. Cerice, C.P.A., Vice
President, Facilities & Purchasing, AmSouth, 3000 Galleria Tower,

                                       20

<PAGE>

Suite 1600, Birmingham, Alabama, 35244, 205-560-2529 fax; with a copy to Kay K.
Bains, Esquire, Walston, Wells, Anderson & Bains, LLP, 505 20th Street North,
Suite 500, Birmingham, Alabama 35203, 205-251-0700 fax; addressed to Purchaser
at 1725 The Fairway, Jenkintown, PA 19046, Attention: Mr. Nicholas Schorsch,
facsimile number (215) 887-2585; with a copy to Morgan, Lewis Bockius LLP, 1701
Market Street, Philadelphia, PA 19103, Attention: Eric L. Stern, Esquire,
facsimile number (215) 963-5001. Notices by the parties may be given on their
behalf by their respective counsel. Notice shall be deemed to have been given
upon the date of delivery, if personally delivered, or sent via facsimile or one
business day after the date of deposit if sent by private overnight express
carrier, next business day delivery.

     27. No Survival. Except as otherwise provided, none of the provisions of
this Agreement shall survive any Settlement and delivery of any of the Deeds or
Lease Assignment and Assumption Agreements, as applicable.

     28. Further Assurances. From time to time and at the request of either
Seller or Purchaser (whether before, at or after the Settlement for a Closed
Property), the other party shall execute, acknowledge and deliver such other and
further documents as the requesting party may reasonably request to effectuate
the provisions of this Agreement. The provisions of this Section 27 shall
survive the expiration or earlier termination of this Agreement.

     29. Miscellaneous.

            (a) This Agreement shall not be recorded in the office for the
recording of deeds or in any other office or place of public record. Prior to
Settlement, this Agreement shall not be deemed or construed to give Purchaser
any equitable ownership of, or title to, any Closed Property, Fee Property or
Leasehold Property.

            (b) This Agreement and the exhibits attached hereto contain the
entire agreement between Seller and Purchaser and there are no other terms,
obligations, covenants, representations, statements or conditions, oral or
otherwise, of any kind or nature whatsoever. This Agreement may be modified only
by an agreement in writing between the parties hereto.

            (c) This Agreement shall be binding upon and inure to the benefit of
the parties hereto and their respective heirs, personal and legal
representatives, successors and permitted assigns; provided, however, that
Purchaser shall not assign or otherwise transfer this Agreement without the
prior written consent of Seller, which Seller may grant or deny in its sole
discretion. Notwithstanding anything to the contrary in the preceding sentence,
Purchaser, may, by written notice provided to Seller at least ten days prior to
the applicable Settlement Date, designate an entity or person other than
Purchaser to take title to any Closed Property. In no event shall any such
designation relieve Purchaser named herein from liability hereunder.

            (d) This Agreement shall be governed and construed in accordance
with the laws of the State of Alabama.

            (e) Whenever in this Agreement a period of time is stated as a
number of days, it shall be construed to mean calendar days unless specifically
stated as business days; provided, however, that when any period of time so
stated in calendar days would end upon a Saturday, Sunday, or legal holiday,
such period shall be deemed to end upon the next day following which is

                                       21

<PAGE>

not a Saturday, Sunday or legal holiday. For purposes of this Agreement, the
term "business days" shall mean any day except Saturday, Sunday, any federal
holiday or any other day on which Seller shall not be open for banking
operations.

            (f) The date and time for the performance of all obligations
hereunder shall be deemed to be of the essence of this Agreement.

            (g) If any term or provision of this Agreement shall, to any extent,
be invalid or unenforceable, the remainder of this Agreement shall not be
affected and each such remaining provision of this Agreement shall be valid and
enforceable to the fullest extent permitted by law.

            (h) This Agreement may be executed in two or more counterparts, each
of which shall be deemed to be an original, but all of which taken together
shall constitute one and the same instrument. The date of this Agreement shall
be the date of Seller's execution hereof.

     30. Confidentiality.

            (a) Purchaser agrees that this Agreement and any and all information
obtained by Purchaser, its agents, representatives and employees, in connection
with any examinations and inspections of the Closed Properties will be held in
strict confidence by Purchaser and its agents, representatives and employees and
will not be disclosed to anyone other than Purchaser's investors and its and
their professional advisers on a "need to know " basis, without the prior
written consent of Seller (the "Confidential Information"). No news release,
public or private announcement, denial or confirmation relating to this
Agreement or any part of the transactions contemplated herein shall be made
without the prior written consent of Seller. In the event this Agreement is
terminated prior to the Settlement on a Closed Property, Purchaser will return
to Seller any documents and other materials received from Seller with respect to
such Closed Property. Purchaser shall indemnify, defend and hold Seller harmless
from any loss, damages, costs or expenses (including reasonable attorney's fees)
arising as a result of Purchaser's breach of this Section 29.

            (b) Notwithstanding anything to the contrary contained in Section
29(a) above, at any time following the date hereof, Purchaser may publicly
market, advertise and promote in any manner the availability of such Closed
Property for sale, lease or other disposition so long as Purchaser in such
marketing, advertising and promoting the sale, lease or other disposition of
such Closed Property does not violate the provisions of Section 7 above or
release Confidential Information as set forth in Section 29(a) above.

     31. No Offer. This Agreement shall neither be deemed an offer to sell nor
shall it bind, obligate or be effective against Seller unless and until (a) the
Agreement has been approved in writing by Seller and Purchaser's appropriate
management authority and (b) this Agreement has been fully executed by Seller
and Purchaser and an executed copy is delivered to Seller.

     32. No Liability. No individual officers, directors, shareholders, agents
or representatives of Seller or of Purchaser shall have any personal liability
under this Agreement, either for the observance or performance of such party's
rights, duties or obligations hereunder, or for the default of such party to
observe and perform its obligations hereunder, or under any document executed in
connection with the transactions contemplated hereby, or otherwise.

                                       22

<PAGE>

                     [Remainder of Page Intentionally Blank]

                                       23

<PAGE>

     IN WITNESS WHEREOF, the parties hereto, intending to be legally bound
hereby, have executed this Agreement as of the date first written above.

                                SELLER

                                AMSOUTH BANK
                                An Alabama state banking corporation

                                By:_________________________________
                                           , [Senior Vice] President

                                Date of Execution: May __, 2003

                                PURCHASER

                                FIRST STATES GROUP, L.P.
                                A Delaware limited partnership

                                By:  First States Group, LLC
                                     Its general partner

                                     By: _______________________________________
                                         Sonya A. Huffman, Senior Vice-President

                                Date of Execution: May __, 2003

                                       24

<PAGE>

                              LIST OF EXHIBITS/1/

Exhibit A            85% FMV Properties

Exhibit B            Closed Property Designation Notice

Exhibit C            Closed Property Annualized Operating Expenses

Exhibit D            Form of Instruction Letter to Appraiser & Appraisal

Exhibit E            Form of Pledge Agreement for Secured Liability

Exhibit F            Form of Assignment of Permitted Leases

Exhibit G            Form of Bill of Sale

Exhibit H            Form of Lease Assignment and Assumption Agreement

Exhibit I            FIRPTA Affidavit

Exhibit J            Seller's Certificate of Representations and Warranties

Exhibit K            Purchaser's Certificate of Representations and Warranties

---------------

NOTE: All Exhibits not attached and initialed upon execution of this Agreement
shall be prepared, agreed upon, initialed and attached to this Agreement within
ten business days after the date of this Agreement. Should the parties be unable
to agree upon the form of all Exhibits within the aforesaid time, either party
shall have the right to terminate this Agreement by written notice to the other.

                                       25

<PAGE>

                                    EXHIBIT A
                               85% FMV Properties

                                      None.

                                       26

<PAGE>

                                    EXHIBIT B

                       Closed Property Designation Notice

<TABLE>
<CAPTION>
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     OWNED PROPERTY INFORMATION
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  Property Name      Property       City    County  State    Tax Parcel No.    Sq. Ft.     Operatios       Dark Period
                 Street Address                                                          Closing Date    Expiration Date

=========================================================================================================================
<S>              <C>                <C>     <C>     <C>      <C>               <C>       <C>             <C>

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SELLER:
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AMSOUTH BANK
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By:  _________________________
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Name:_________________________
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Title:________________________
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Date:  _______________________
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</TABLE>

                                       27

<PAGE>

                                    EXHIBIT C

                  Closed Property Annualized Operating Expenses

                                       28

<PAGE>

                                    EXHIBIT D

               Form of Instruction Letter to Appraiser & Appraisal

DATE

VIA FACSIMILE & AIRBORNE EXPRESS MAIL

Appraiser
Address
Telephone/Fax

Reference:         PROPERTY ADDRESS

Dear Appraiser:

Upon your acceptance of the terms and conditions contained in this Letter
Agreement, you are hereby authorized to perform an appraisal of the above
referenced property. The appraisal shall be developed as a Complete appraisal
reported as a Self-Contained Appraisal Report per the most recent issuance of
the USPAP and in compliance with Title XI FIRREA requirements.

In your analysis you are to estimate the "AS IS" Market Value of the fee simple
interest in the subject property on (1) a "continued use" basis for a financial
services use and (2) an "alternative highest and best use" basis as a
non-financial services use of the property. In determining the valuation of the
"alternative highest and best use" as a non-financial services use, the
appraisal should take into account a cost factor for conversion of the existing
building and other improvements to the applicable non-financial services use.
Note that in the event that any significant outstanding repair items are evident
pertaining to site improvements, roof, foundation, plumbing, electrical, HVAC,
mechanical, facade or windows, the appraisal should describe such items but make
the prominent, extraordinary assumption that these conditions have been cured,
and the reported value should be labeled as "hypothetical - as if cured -
current market value". Market Value as defined by Title XI of FIRREA as adopted
by the OCC Regulation 12 CFR 34, is:

"The most probable price which a property should bring in a competitive and open
market under all conditions requisite to a fair sale, the buyer and seller each
acting prudently and knowledgeably, and assuming the price is not affected by
undue stimulus. Implicit in this definition is the consummation of a sale as of
a specified date and the passing of title from seller to buyer under conditions
whereby:

     a) Buyer and seller are typically motivated;
     b) Both parties are well informed or well advised and both acting in what
        they consider their

                                       29

<PAGE>

        own best interest;
     c) A reasonable time is allowed for exposure in the open market;
     d) Payment is made in terms of cash in U.S. dollars, or in terms of
        financial arrangements comparable thereto; and
     e) The price represents the normal consideration for the property sold,
        unaffected by special or creative financing or sales concessions granted
        by anyone associated with the sale."

If the property has not achieved stabilization and/or is for proposed
construction, the appraisal shall include an analysis and estimate of the
prospective value as of the date of completion and the date of stabilization.
(Refer to USPAP Statement on Appraisal Standards No. 4 regarding prospective
value estimates.)

To obtain access to the property for inspection contact ___________________. For
other information you may need, please contact ___________________. Any
correspondence you might have with other related parties should be included in
the Addenda of the report including a copy of the engagement letter.

To expedite the data collection process from the property contact, we require
that you request all necessary data within five business days of being engaged
and retain written evidence of this contact within your files. You must notify
the undersigned in a timely manner of any difficulties that may occur that will
affect the delivery of the appraisal including the inability to obtain required
property information.

For multitenant DCF analysis, the appraiser is required to discuss with the
undersigned which software program is to be utilized, e.g. ARGUS or PRO-JECT+.
Copies of the appropriate data files will be provided to the reviewer on a 3.5"
diskette together with the final written appraisal report. Supporting reports
from the software, e.g. Assumptions Reports, etc., should be included in the
appraisal as Addenda.

On all multi-lease properties (5 or more leases) we will require the appraiser
to review abstracts for all leases and to also review 10% of the actual leases.
If the appraiser finds significant discrepancies between the abstract and the
lease, then all leases will be required to be reviewed. Abstracts should contain
all lease terms and conditions including renewal options.

Any steps that are taken to comply with the Competency Provision of the USPAP
must be disclosed prior to accepting this assignment and must be described in
the appraisal report. The Departure Provision of the USPAP does not apply to
Complete Appraisals; e.g., all of the appraisal standards set forth in the USPAP
are binding requirements.

Your acceptance of this Letter Agreement acknowledges that you have been engaged
by the Bank to perform the appraisal for an agreed upon fee not to exceed $,
which will be paid by the Bank after the appraisal has been reviewed and
accepted by the Bank's Real Estate Department. A total of Four (4) copies of the
final report will be provided to the Bank with one (1) of the four copies to be
mailed to American Financial Resource Group, LLC at 1725 The Fairway,
Jenkintown, PA 19046, Attention: Mr. Nicholas Schorsch. It is understood that
the deadline for this appraisal is DUE DATE and that time is of the essence.
Unless otherwise agreed, the quoted

                                       30

<PAGE>

appraisal fee will be adjusted negatively at the rate of five (5) percent of the
appraisal fee for every week, or portion thereof, that the appraisal report is
overdue beyond 5 days. This penalty will be pro-rated on a five-day work week
basis and deducted from the agreed upon appraisal fee.

The Bank reserves the right to share the appraisal report with internal support
departments (accountants, tax consultants, auditors, legal staff, etc.); the
appropriate federal regulatory agencies, as required in the course of business;
or another financial institution which requests such information. The appraisal
report shall be certified to the Bank and to First States Group, L.P. ("Group")
and, if requested by Group, any institutional lender designated by Group.

You agree not to disclose to any third party without the written consent of the
Bank any information related to the appraisal assignment that is non-public and
that was obtained from the Bank or during the course of performing its
engagement under this Letter Agreement. Finally, you agree that the
confidentiality obligations contained herein shall survive the termination of
the Letter Agreement.

It is understood and agreed that this contract is between AmSouth Bank and
APPRAISER FIRM NAME. The appraisal must be performed and the report signed by
you. In addition, you must personally inspect the property. This does not
preclude participation in the appraisal process by other qualified associates of
the firm. (Qualifications should be included in the Addenda of the report).

Please acknowledge your acceptance of this Letter Agreement, and all provisions
herein, by signing and returning the original executed Letter Agreement and a
copy of the appraiser's State certification (evidencing that you are currently
certified in good standing in the state in which the subject property is
located) within three (3) working days, to my attention. Please retain one copy
for your files. The terms of this Letter Agreement may only be modified in
writing signed by the Bank.

This Letter Agreement constitutes the complete agreement between the Bank and
you regarding the professional services to be provided by you to the Bank. Under
no circumstances will the Bank accept any condition to or amendment of this
Letter Agreement which purports in any way to limit your professional
responsibility to the Bank in carrying out your performance under this Letter
Agreement or to reduce your legal and contractual liability to the Bank arising
from any failure on your part to so perform under this Letter Agreement.

The following data is enclosed that will assist you in preparing your report:

         1. Property Profile
         2. Expenses
         3. Tax Parcel Numbers

                                       31

<PAGE>

We look forward to working with you on this appraisal assignment. With
questions, please feel free to call__________________________________________.

Sincerely,
AMSOUTH BANK

NAME
TITLE

Enclosures

________________________________________________________________________________
Acknowledged and Agreed:

By:_____________________ Certificate No.:_________________ Date:_________, 2002.
Firm:____________________________________________

                                       32

<PAGE>

                                    EXHIBIT E

                 Form of Pledge Agreement for Secured Liability

     THIS PLEDGE AND SECURITY AGREEMENT (this "Pledge Agreement") is made as of
the ___ day of __________, 200_, by and among FIRST STATES GROUP, L.P., a
Delaware partnership, with its executive offices at 1725 The Fairway,
Jenkintown, Pennsylvania 19046 ("Pledgor") and AMSOUTH BANK, an Alabama state
banking corporation, having an address at 3000 Galleria Tower, Suite 1600,
Birmingham, AL 35244 ("Pledgee") and EVERGREEN SERVICES COMPANY, a
_______________, having an address at _________________ ("Evergreen").

     Pledgor and Pledgee are parties to that certain Master Purchase, Sale and
Lease Transfer Agreement dated as of May ___, 2003 (the "Agreement"). In order
to induce Pledgee to enter into the Agreement, Pledgor, intending to be legally
bound, agrees with Pledgee as follows:

     1. Definitions. The following terms shall have the meanings set forth
below, unless the context otherwise requires:

          (a) "Collateral" means (i) Pledgor's money market/mutual funds account
with Evergreen, known as Evergreen Money Market Account
__________________________; (ii) all additions, replacements, renewals,
extensions and substitutions thereof; and (iii) all income and proceeds thereof
and therefrom.

          (b) "Obligations" means all liabilities and obligations of Pledgor to
Pledgee under the Agreement with respect to the Draw Events (as hereinafter
defined) referenced in Paragraph 1(d) below.

          (c) "Obligor" means Pledgor and any Affiliate (as such term is defined
in the Agreement) of Pledgor that is responsible, directly or indirectly, for
the performance of the Obligations.

          (d) "Draw Event" means the occurrence of any of the conditions
specified in Section 6(f) of the Agreement, by and between Pledgor and Pledgee,
or any attempt to terminate, revoke, rescind, modify or violate the terms of
this Pledge Agreement or any loan collateral account or account control
agreement entered into by and among Pledgor, Pledgee and Evergreen, without the
prior written consent of Pledgee.

     2. Pledge and Grant of Security Interest. To secure the full and prompt
payment and discharge of the Obligations, Pledgor pledges, assigns, and
transfers to Pledgee, and grants to Pledgee a continuing lien on and first
priority security interest in, the Collateral.

      3. Ownership of Collateral.

          (a) Pledgor has purchased and owns the Collateral. The assignment
evidenced by this Pledge Agreement is a continuing one and is irrevocable so
long as any of the Obligations

                                       33

<PAGE>

are outstanding and shall terminate only upon payment or other satisfaction in
full of all Obligations or Pledgee's acknowledgement in writing that this Pledge
Agreement has been terminated. Upon termination of this Pledge Agreement, and to
the extent the Collateral has not been applied in satisfaction of the
Obligations, the Pledge shall reassign the Collateral to Pledgee and reassign
any passbooks, certificates and other documents in Pledgee's possession at
Pledgor's request. All securities and security entitlements pledged as
Collateral hereunder are fully paid and non-assessable. Pursuant to the terms of
any loan collateral account entered into by and among Evergreen, Pledgor and
Pledgee, Pledgor has authorized (or will authorize) Evergreen to record and
transfer all of Pledgor's shares in the Account into a separate loan collateral
account in the name of Pledgee.

          (b) All income, dividends, earnings and profits with respect to the
Collateral shall be reported for state and federal income tax purposes as
attributable to Pledgor and not Pledgee. Pledgee or any other person authorized
to report income distributions is authorized to issue IRS Forms 1099 indicating
Pledgor as the recipient of such income, earnings and profits.

          (c) Until a Draw Event occurs, Pledgor shall have the right to vote
the securities pledged hereunder; provided, however, Pledgor may not sell,
transfer, exchange for other property or cash or otherwise exercise rights with
respect to such Collateral or, except as expressed in Section 3(d) hereof,
receive any distributions, cash dividends, interest, or proceeds from such
Collateral without the prior written consent of Pledgee and any such
distributions, dividends, interest, or proceeds shall be held in trust for, and
immediately delivered to Pledgee. Any consent pursuant to this paragraph shall
be in Pledgee's sole discretion. Pledgor authorizes and directs Evergreen to
comply with the terms of this Pledge Agreement, to enter into a loan collateral
agreement, to mark its records to show the security interest of and/or the
transfer to Pledgee of the securities and other investment property pledged
hereunder and to mail monthly statements to Pledgee, in addition to Pledgor.

          (d) Until a Draw Event occurs, Pledgor shall be permitted to withdraw
from and receive out of the Collateral any and all cash dividends or interest
paid thereon, provided, that Pledgor shall not be permitted to cause Evergreen
to pay such amounts to Pledgor more frequently than once each calendar month and
no such withdrawal or payment shall cause the Amount of the Collateral to fall
below the amount stated on Schedule A attached hereto.

     4. Remedies After Draw Event.

          (a) Upon the occurrence of a Draw Event or at any time thereafter,
Pledgee shall have the right, without demand for performance or other demand or
notice of any kind or upon Pledgor or any other Obligor (and all of such demands
and notices are, to the extent permitted by law, expressly waived), to forthwith
collect, receive, appropriate and realize upon all or any portion of the
Collateral and to offset the full amount of the Account and any other Collateral
against any amount due on account of the Obligations. In addition to the
foregoing, Pledgee shall be authorized to notify Evergreen to terminate
immediately any trading, other rights or entitlements with respect to the
Collateral and any distributions from the Collateral; transfer into Pledgee's
name or the name of its nominee, all or any part of the Collateral; receive all
interest, dividends, and other proceeds of the Collateral; notify any person
obligated on any Collateral of

                                       34

<PAGE>

the security interest of Pledgee therein and require such person to make payment
directly to Pledgee; demand, sue for, collect or receive the Collateral and any
proceeds thereof, and/or make any settlement or compromise as Pledgee deems
desirable with respect to any Collateral; and exercise any voting, conversion,
registration, purchase or other rights of an owner, holder or entitlement holder
of the Collateral. Pledgor agrees that Pledgee may exercise its rights under
this Pledge Agreement without regard for the actual or potential tax
consequences to Pledgor under federal or state law and without regard to any
instructions or directives given to Pledgee by Pledgor.

          (b) The proceeds of the Collateral (including the interest on and
payments in respect of the Collateral) realized by Pledgee upon disposition of
the Collateral shall be applied as follows: (i) first, to the costs and expenses
of every kind reasonably incurred in connection with collection, receipt,
appropriation, realization or sale, or incidental to the holding or otherwise,
of all or any portion of the Collateral or in any way relating to the rights and
remedies of Pledgee under this Pledge Agreement (including, without limitation,
attorney's fees and legal expenses); (ii) second, to the payment and
satisfaction of the Obligations and all other sums due under applicable law
(including, without limitation, Section 9504(a)(3) of the Pennsylvania Uniform
Commercial Code); and (iii) third, the surplus, if any, to Pledgee to be held by
Pledgee pursuant to the terms of the Agreement and this Pledge Agreement.
Pledgee may do all of the foregoing even if such actions result in a loss or
reduction of interest or the imposition of a penalty applicable to the early
withdrawal of time deposits.

     5. Waiver of Hearing. Pledgor expressly waives any right to a judicial
hearing prior to the time that Pledgee draws upon all or any portion of the
Collateral after the occurrence of a Draw Event.

     6. Further Assurances. Pledgor agrees that at any time and from time to
time, promptly upon request by Pledgee, Pledgor shall execute and deliver such
further documents and instruments (including, without limitation, financing
statements) and do such further acts as Pledgee may in its sole discretion deem
necessary or appropriate to assure that all of the Collateral is subject to a
valid and subsisting first priority security interest and continuing lien
securing the Obligations and, at Pledgor's expense, shall cause all such
documents and instruments to be filed and recorded in the manner required by law
to insure their effectiveness and their continuation. Pledgor hereby constitutes
and appoints the true and lawful attorney of Pledgor with full power of
substitution to take any and all appropriate action and to execute any and all
documents or instruments that may be necessary or desirable to accomplish the
purpose and carry out the terms of this Pledge Agreement, including, without
limitation, to complete, execute and deliver one or more account control
agreements by and among Pledgee, Pledgor and Evergreen regarding among other
things control and disposition of any Collateral and endorsements desirable for
the transfer or delivery of any Collateral, registration of any Collateral,
receipt, endorsement and/or collection of all checks and other orders for
payment of money payable to Pledgor with respect to the Collateral. Upon
Pledgee's request, Pledgor will, at its own expense, do or cause to be done all
acts and things as may be necessary to make the sale of the Collateral valid,
binding and in compliance with applicable law.

                                       35

<PAGE>

     7. Stock Dividends. If with respect to any securities pledged hereunder, a
stock dividend is declared, any stock split made or right to subscribe is
issued, all the certificates for the shares representing such stock dividend,
stock split or right to subscribe will be immediately delivered, duly endorsed,
to Pledgee as additional Collateral, and any cash or non-cash proceeds and
products thereof, including investment property and security entitlements will
be immediately delivered to Pledgee. Pledgor acknowledges that such grant
includes all investment property and security entitlements, now existing or
hereafter arising, relating to such securities. In addition, Pledgor agrees to
execute such notices and instructions to securities intermediaries as Pledgee
may reasonably request.

     8. Covenants and Representations. Pledgor covenants and agrees, and
represents and warrants, as follows:

          (a) This Pledge Agreement constitutes the valid, legal, and binding
obligation of Pledgor and is enforceable against Pledgor in accordance with its
terms.

          (b) The Collateral is owned by Pledgor free and clear of any pledge,
mortgage, hypothecation, lien, charge, encumbrance, security interest, or any
other adverse claim, except for the pledge of and security interest in the
Collateral granted to Pledgee under this Pledge Agreement.

          (c) Pledgor has the full right, power and authority to pledge, assign
and transfer the Collateral to Pledgee. Pledgor has validly assigned and
transferred good, valid and marketable title to the Collateral to Pledgee
pursuant to this Pledge Agreement, free and clear of all liens, mortgages,
pledges, hypothecations, claims, charges, security interests, and encumbrances.

          (d) So long as any of the Obligations are outstanding and unpaid, in
whole or in part, Pledgor shall not convey or otherwise dispose of any of the
Collateral, nor create, incur, or permit to exist any pledge, mortgage,
hypothecation, lien, charge, encumbrance, or any security interest with respect
to any of the Collateral or the proceeds thereof, other than the pledge and
security interest created by this Pledge Agreement.

          (e) So long as any of the Obligations are outstanding and unpaid, in
whole or in part, Pledgor shall appear in and defend, at Pledgor's sole cost and
expense, any legal action or proceeding which may affect Pledgor's title to or
interest in the Collateral.

     9. Collateral Duties.

          (a) Prior to actual possession of the Collateral, Pledgee shall have
no custodial or ministerial duties to perform with respect to the Collateral.
After actual possession of the Collateral, Pledgee's sole duty with respect to
the custody, safe keeping and preservation of any certificate, passbook or other
documentation evidencing the Collateral shall be to deal with it in the same
manner as it deals with similar property for its own account.

                                       36

<PAGE>

          (b) Neither Pledgee, nor any of its employees or agents shall be
liable for failure to ascertain, notify Pledgor of, or take any action in
connection with, any conversion, call, redemption, retirement or any other event
relating to the Collateral, or for failure to notify Pledgor that the Collateral
should be presented or surrendered for any such reason. Pledgee has no duty to
advise Pledgor of, and shall have no liability for, any actual or anticipated
changes in the value of the Collateral.

     10. Remedies Cumulative. Pledgor agrees that the rights, powers and
remedies given to Pledgee by this Pledge Agreement are not exclusive of any
other powers, rights or remedies otherwise available to Pledgee under any
documents, instruments, or agreements evidencing or securing the Obligations, or
at law or in equity.

     11. No Set-off or Counterclaim. The obligations of Pledgor under this
Pledge Agreement, and the rights, remedies, and powers of Pledgee under this
Pledge Agreement, shall not be affected or impaired by any right of set-off or
counterclaim of any kind or nature which Pledgor has or in the future may have
against Pledgee.

     12. Miscellaneous. This Pledge Agreement shall be construed and enforced in
accordance with and governed by the laws of the Commonwealth of Pennsylvania,
shall be binding upon Pledgor and Pledgor's heirs, personal administrators,
successors and assigns, and may not be terminated or modified orally but only in
writing making specific reference to this Pledge Agreement and signed by both
parties. The headings in this Pledge Agreement are for convenience of reference
only and shall not limit or otherwise affect the meaning of this Pledge
Agreement.

     13. Substitution of Collateral. Any provision of this Pledge Agreement to
the contrary notwithstanding, Pledgor may from time to time substitute for the
Collateral an equal Amount of Collateral in the form of one or more of the
investments described on Schedule B hereto ("Substituted Collateral"). In such
event and prior to substituting the Substituted Collateral for the Collateral,
Pledgor will execute and/or deliver any and all documents or instruments
required by Pledgee for Pledgee to perfect its interest in the Substituted
Collateral.

                                       37

<PAGE>

          IN WITNESS WHEREOF, the parties have executed and delivered this
Pledge and Security Agreement as of the day and year first above written.

                            PLEDGOR:

                            FIRST STATES GROUP, L.P.
                            A Delaware partnership

                            By: First States Group, LLC,
                            Its general partner

                            By: ____________________________________
                                Glenn Blumenthal, Senior Vice-President

                            PLEDGEE:

                            AMSOUTH BANK
                            An Alabama state banking corporation

                            By: ____________________________________
                                Name:
                                Title:

                            ESCROW AGENT:

                            EVERGREEN SERVICES COMPANY

                            A ______________________________________

                            By: ____________________________________
                                Name:
                                Title:

                                       38

<PAGE>

                                   SCHEDULE A

                            DESCRIPTION OF COLLATERAL

  Fund:
  Account No.:
  Account Name:
  Fund's Transfer Agent:
  Amount:

                                       39

<PAGE>

                                   SCHEDULE B

                         PERMITTED SUBSTITUTE COLLATERAL

1) United States Treasury Bills and Notes
2) First Union National Bank Certificates of Deposit
3) Any other account type agreed to by Pledgor and Pledgee

                       Amount: $_________________________

                                       40

<PAGE>

                                    EXHIBIT F

                     Form of Assignment of Permitted Leases

     THIS LEASE ASSIGNMENT AND ASSUMPTION AGREEMENT ("Agreement"), made this
__________ day of ____________, 200__, by and between AMSOUTH BANK, having an
address at 3000 Galleria Tower, Suite 1600, Birmingham, AL 35244 ("Assignor"),
and ________________________________, having an address at 1725 The Fairway,
Jenkintown, PA 19046 ("Assignee").

                              W I T N E S S E T H :

     WHEREAS, Assignor is the landlord under that certain lease attached hereto
as Exhibit "A" ("Lease") with respect to the premises described therein
("Property");

     WHEREAS, pursuant to that certain Master Purchase, Sale and Lease Transfer
Agreement dated as of May ___, 2003, as amended, between Assignor as seller and
First States Group, L.P. as purchaser ("Agreement"), Assignor desires to assign
all of its right, title and interest in and to the Lease to Assignee, and
Assignee desires to assume Assignor's right, title and interest in and to the
Lease in accordance with the terms hereinafter set forth.

     NOW, THEREFORE, in consideration of the mutual agreements hereinafter set
forth, and for other good and valuable consideration, the receipt and
sufficiency of which are acknowledged by each of the parties hereto, Assignor
and Assignee do hereby agree as follows:

1. Assignment and Covenants.

     (a) Assignor hereby assigns, gives, grants, bargains, sells, conveys,
transfers and sets over unto Assignee, its successors and assigns, as of the
Effective Date (as hereinafter defined) all of Assignor's right, title and
interest in and to the Lease.

     (b) Assignor, for itself, its successors and assigns, covenants with
Assignee, its successors and assigns, as follows: that Assignor is the true and
lawful owner of the leasehold estate created by the Lease; that the Lease is now
in full force and effect; and that Assignor has the right to sell and convey the
leasehold estate created by the Lease.

2. Assumption. Assignee hereby accepts the foregoing assignment and, in
   consideration thereof, Assignee hereby covenants and agrees that, on and
   after the Effective Date Assignee shall assume, observe, perform, fulfill and
   be bound by all terms, covenants, conditions and obligations of the Lease
   that arise on and after the Effective Date and are to be observed, performed
   and fulfilled by the landlord named therein on and after the Effective Date
   in the same manner and to the same extent as if Assignee were the landlord
   named therein.

3. Indemnification.

     (a) Assignor hereby indemnifies and agrees to defend and hold harmless
Assignee

                                       41

<PAGE>

from and against any and all liability, loss, damage and expense, including,
without limitation, reasonable attorneys' fees, that Assignee may incur under
the Lease by reason of any failure or alleged failure of Assignor to have
complied with or to have performed, before the Effective Date, all of the
obligations of the landlord under the Lease that were to be performed before the
Effective Date.

     (b) Assignee hereby indemnifies and agrees to defend and hold harmless
Assignor from and against any and all liability, loss, damage and expense,
including without limitation, reasonable attorneys' fees, that Assignor may
incur under the Lease by reason of any failure or alleged failure of Assignee to
comply with or to perform, on or after the Effective Date, all of the
obligations of the landlord under the Lease that arise on and after the
Effective Date and are to be performed on or after the Effective Date.

4. Effective Date. The "Effective Date", as used herein, shall mean the date of
   Closing under the Agreement.

5. Successors and Assigns. The terms and conditions of this Assignment shall be
   binding upon and shall inure to the benefit of the parties hereto and their
   respective successors and assigns.

6. Counterparts. This Assignment may be executed in several counterparts, each
   of which shall constitute one and the same instrument.

                                       42

<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed on the day and year first set forth above.

                                      ASSIGNOR

                                      AMSOUTH BANK
                                      An Alabama state banking corporation

                                      By:____________________________________
                                      Name:
                                      Title:

                                      ASSIGNEE

                                      _______________________________________

                                      By:____________________________________
                                      Name:
                                      Title:

                                       43

<PAGE>

                                   Exhibit "A"

                                 Lease Agreement

                                       44

<PAGE>

                                    EXHIBIT G

                              FORM OF BILL OF SALE

         FOR VALUE RECEIVED, AMSOUTH BANK ("Seller"), hereby sells, bargains,
conveys and transfers to ___________________________________ ("Purchaser"), its
successors and assigns, forever, all of Seller's right, title and interest in
and to all of the fixtures and equipment (collectively, the "Personal Property")
located on or attached to the real estate and the building and improvements
erected thereon located at [STREET ADDRESS] (the "Property"), including without
limitation, any existing teller counters, drive-through facilities and
equipment, safe deposit boxes (unless removed by Seller), safe deposit box
nests, bank vaults, wiring for the security systems, building plans for the
Property (to the extent delivered by Seller to Purchaser contemporaneously with
the execution hereof), licenses and permits for the Property (to the extent
transferable) and warranties and guaranties for the Property (to the extent
transferable), all as the same may exist on the date hereof. Excluded as part of
the Personal Property are the following: (a) all automated teller machines and
all contents thereof, (b) all alarms and security equipment, telecommunication
equipment, computers, computer terminals and computer equipment, supplies,
documents, records, cash, coin and signage (including pylons, but excluding
pylon base poles and foundations), (c) any office equipment (whether leased or
owned) located in the Buildings including, without limitation, furniture,
furnishings and artwork, and (d) any personal property belonging to any tenant
occupying any portion of the Closed Property.

         TO HAVE AND TO HOLD the above-mentioned Personal Property unto
Purchaser its successors and assigns, forever.

         The Personal Property is being sold and transferred in its "AS-IS"
condition as expressed in Section 10(f) of that certain Bulk Sale Agreement
dated as of June ___, 2002, as amended, between Seller and Purchaser.

         IN WITNESS WHEREOF, and intending to be legally bound hereby, the
undersigned has executed this Bill of Sale as of the __ day of ________, 20__.

                                        AMSOUTH BANK
                                        An Alabama state banking corporation

                                        By:___________________________________
                                        Name:
                                        Title:

                                       45

<PAGE>

                                    EXHIBIT H

                          FORM OF LEASE ASSIGNMENT AND
                   ASSUMPTION AGREEMENT WITH SELLER AS LESSOR

         THIS LEASE ASSIGNMENT AND ASSUMPTION AGREEMENT ("Agreement"), made this
__________ day of 200_, by and between AmSouth Bank, having an address at 3000
Galleria Tower, Suite 1600, Birmingham, AL 35244 ("Assignor"), and
________________________________, having an address at 1725 The Fairway,
Jenkintown, PA 19046 ("Assignee").

                              W I T N E S S E T H :

         WHEREAS, Assignor is the landlord under that certain lease attached
hereto as Exhibit "A" ("Lease") with respect to the premises described therein
("Property");

         WHEREAS, pursuant to that certain Master Purchase, Sale and Lease
Transfer Agreement dated as of May ___, 2003, as amended, between Assignor, as
seller, and First States Group, L.P., as purchaser ("Agreement"), Assignor
desires to assign all of its right, title and interest in and to the Lease to
Assignee, and Assignee desires to assume Assignor's right, title and interest in
and to the Lease in accordance with the terms hereinafter set forth.

         NOW, THEREFORE, in consideration of the mutual agreements hereinafter
set forth, and for other good and valuable consideration, the receipt and
sufficiency of which are acknowledged by each of the parties hereto, Assignor
and Assignee do hereby agree as follows:

7.   Assignment and Covenants.

              (a) Assignor hereby assigns, gives, grants, bargains, sells,
conveys, transfers and sets over unto Assignee, its successors and assigns, as
of the Effective Date (as hereinafter defined) all of Assignor's right, title
and interest in and to the Lease.

              (b) Assignor, for itself, its successors and assigns, covenants
with Assignee, its successors and assigns, as follows: that Assignor is the true
and lawful owner of the leasehold estate created by the Lease; that the Lease is
now in full force and effect; and that Assignor has the right to sell and convey
the leasehold estate created by the Lease.

8.   Assumption. Assignee hereby accepts the foregoing assignment and, in
     consideration thereof, Assignee hereby covenants and agrees that, on and
     after the Effective Date Assignee shall assume, observe, perform, fulfill
     and be bound by all terms, covenants, conditions and obligations of the
     Lease that are to be observed, performed and fulfilled by the landlord
     named therein on and after the Effective Date in the same manner and to the
     same extent as if Assignee were the landlord named therein.

                                       1

<PAGE>

9.   Indemnification.

              (a) Assignor hereby indemnifies and agrees to defend and hold
harmless Assignee from and against any and all liability, loss, damage and
expense, including, without limitation, reasonable attorneys' fees, that
Assignee may incur under the Lease by reason of any failure or alleged failure
of Assignor to have complied with or to have performed, before the Effective
Date, all of the obligations of the landlord under the Lease that were to be
performed before the Effective Date.

              (b) Assignee hereby indemnifies and agrees to defend and hold
harmless Assignor from and against any and all liability, loss, damage and
expense, including without limitation, reasonable attorneys' fees, that Assignor
may incur under the Lease by reason of any failure or alleged failure of
Assignee to comply with or to perform, on or after the Effective Date, all of
the obligations of the landlord under the Lease that are to be performed on or
after the Effective Date.

10.  Effective Date. The "Effective Date", as used herein, shall mean the date
     of Closing under the Agreement.

11.  Successors and Assigns. The terms and conditions of this Assignment shall
     be binding upon and shall inure to the benefit of the parties hereto and
     their respective successors and assigns.

12.  Counterparts. This Assignment may be executed in several counterparts, each
     of which shall constitute one and the same instrument.

                                       2

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed on the day and year first set forth above.

                                     ASSIGNOR

                                     AMSOUTH BANK
                                     An Alabama state banking corporation

                                     By:____________________________________
                                     Name:
                                     Title:

                                     ASSIGNEE

                                     ____________________________________

                                     By:____________________________________
                                     Name:
                                     Title:

                                       3

<PAGE>

                                   Exhibit "A"

                                 Lease Agreement

                                       4

<PAGE>

                                    EXHIBIT I

                            Form of FIRPTA Affidavit

                        CERTIFICATE OF NON-FOREIGN STATUS

     1.  Section 1445 of the Internal Revenue Code provides that a transferee
(buyer) of a United States real property interest must withhold tax if the
transferor (seller) is a foreign person.

     2.  AmSouth Bank, an Alabama state banking corporation (the "Seller"), is
selling to _________________________________________, a ___________________ (the
"Buyer"), certain real property located in __________, ________ County,
____________, and more particularly described in Commonwealth Land Title
Insurance Company Commitment No. _________ (the "Property").

     3.  In order to inform the Buyer that withholding of tax is not required
upon the Seller's transfer of the Property to the Buyer, the Seller declares and
says the following:

 (a) The Seller is not a foreign person subject to the withholding provisions of
     Section 1445 of the Internal Revenue Code.

 (b) The United States Taxpayer Identification Number for the Seller is
     __-_______.

 (c) The Seller's address is 3000 Galleria Tower, Suite 1600, Birmingham, AL
     35244.

     4.  A duly authorized representative of the Seller will testify, declare or
certify before any tribunal, officer or person, in any case now pending or which
may in the future be instituted, to the truth of the statements contained in
this Certificate.

                                      AMSOUTH BANK
                                      An Alabama state banking corporation

                                      BY:___________________________________
                                         Name: _____________________________
                                         Title: ____________________________

                                       5

<PAGE>

                                    EXHIBIT J

              SELLER'S CERTIFICATE OF REPRESENTATION AND WARRANTIES

_________________, ___ 20__

First States Group, L.P.
1725 The Fairway
Jenkintown, PA 19046
Attention: Nicholas Schorsch

Re:  Master Purchase, Sale and Lease Transfer Agreement dated as of May ___,
     2003 (as amended, the "Agreement") by and between AmSouth Bank ("Seller")
     and First State Group, L.P. ("Purchaser")

Dear Mr. Schorsch:

     Reference is made to the above-described Agreement for the acquisition of
various Closed Properties (as defined in the Agreement) set forth on Exhibit A
attached hereto. Pursuant to Section 12(g) of the Agreement, Seller hereby
certifies that the representations of Seller made in Section 19 of the Agreement
are true, accurate, and complete as of the date hereof. This certificate shall
inure to the benefit of any individual or entity listed on Exhibit A hereto who
or which has been designated by Purchaser to take title to particular Closed
Properties in accordance with the Agreement.

                                        Very truly yours,

                                        AmSouth Bank
                                        An Alabama state banking corporation

                                        By:____________________________________
                                        Name:
                                        Title:

                                       6

<PAGE>

                                    Exhibit A

                                       7

<PAGE>

                                    EXHIBIT K

            PURCHASER'S CERTIFICATE OF REPRESENTATIONS AND WARRANTIES

_________________, ___ 20__

AmSouth Bank
3000 Galleria Tower
Suite 1600
Birmingham, AL 35244

Re:  Master Purchase, Sale and Lease Transfer Agreement dated as of May ___,
     2003 (as amended, the "Agreement"), by and between AmSouth Bank ("Seller")
     and First States Group, L.P. ("Purchaser")

Dear _______________:

     Reference is made to the above-described Agreement for the acquisition of
various Closed Properties (as defined in the Agreement) set forth on Exhibit A
attached hereto. Pursuant to Section 13(g) of the Agreement, Purchaser and each
of the other parties executing this certification hereby certifies with respect
to itself that the representations made in Section 18 of the Agreement are true,
accurate, and complete with respect to itself as of the date hereof.

                             Very truly yours,

                             FIRST STATES GROUP, L.P.
                             A Delaware limited partnership

                             By:  First States Group, LLC
                                  Its general partner

                                  By:  _________________________________________
                                       Glenn Blumenthal, Senior Vice-President

                                       8

<PAGE>

                                    Exhibit A

                                       9

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