RAM HOLDINGS LTD. 4,649,721 Common Shares UNDERWRITING AGREEMENT dated June 13, 2007 Banc of America Securities LLCUnderwriting Agreement • June 14th, 2007 • RAM Holdings Ltd. • Surety insurance • New York
The undersigned is an owner of record or beneficially of certain common shares of the Company (“Common Shares”) or securities convertible into or exchangeable or exercisable for Common Shares. The Company proposes to carry out a public offering of Common Shares (the “Offering”) for which you will act as the representative of the underwriters. The undersigned recognizes that the Offering will be of benefit to the undersigned and will benefit the Company. The undersigned acknowledges that you and the other underwriters are relying on the representations and agreements of the undersigned contained in this letter in carrying out the Offering and in entering into underwriting arrangements with the Company with respect to the Offering.
