0000930413-08-000471 Sample Contracts

UNDERWRITING AGREEMENT
Underwriting Agreement • January 24th, 2008 • Annaly Capital Management Inc • Real estate investment trusts • New York

MERRILL LYNCH & CO. Merrill Lynch, Pierce, Fenner & Smith Incorporated Morgan Stanley & Co. Incorporated As Representatives of the several Underwriters, c/o Merrill Lynch & Co. Merrill Lynch, Pierce, Fenner & Smith Incorporated 4 World Financial Center New York, New York 10080 Ladies and Gentlemen:

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