PRELI MINARY AGREE MENT 

 qUINCY MARKET RE AL ESTATE T RUST. 



Boston, September 24, 1913. 



We, the undersigned owners of shares in a certain Real 

 Estate Trust, established under Agreement and Declaration of 

 Trust dated February 25, 1903 and recorded with Suffolk Regis- 

 try of Deeds Lib. 2888 fol. 161, and "known as the Quincy Mar- 

 ket Real Estate Trust, hereby severally assent to the proposal, 

 made by Burroughs & DeBlois of Boston, contained in their let- 

 ter dated September 24, 1913 and addressed to the holders of 

 shares in said Real Estate Trust, and severally agree, each 

 for himself but not for the other, to exchange and deliver the 

 number of shares in said Trust set against our respective sig- 

 natures hereto, and receive in return the stated amount in 

 either the new bonds or preferred stock which it is proposed 

 will be issued by the Quincy Market Cold Storage & Warehouse 

 Company, as described in said proposal above referred to, or 

 to receive in return cash at the rate of the par value of said 

 shares Quincy Market Real Estate Trust. 



The terms of said proposed exchange for securities are 

 par in either class of said new securities as noted, for par 

 in shares of Quincy Market Real Estate Trust, and the exchange, 

 if made, is to be made by Burroughs & DeBlois without charge 

 to holders of shares making the exchange. 



It is understood and agreed that holders of shares, m 

 signing this Preliminary Agreement, shall have the right to 

 alter the proportions of their allotment of new securities at 

 any time before execution of formal agreement to deposit their 

 shares in approval of Plan, and that the number of shares of 

 Quincy Market Real Estate Trust set against their names is ap- 

 proximate only. 



