0001025953-11-000004 Sample Contracts

REGISTRATION RIGHTS AND SHAREHOLDERS AGREEMENT
Registration Rights and Shareholders Agreement • June 29th, 2011 • Novastar Financial Inc • Real estate agents & managers (for others) • New York

This REGISTRATION RIGHTS AND SHAREHOLDERS AGREEMENT, dated as of June 23, 2011 (this “Agreement”), is made by and among NovaStar Financial, Inc., a Maryland corporation (the “Company”), Massachusetts Mutual Life Insurance Company, a mutual life insurance company (“Mass Mutual”), Jefferies Capital Partners IV L.P., Jefferies Employee Partners IV LLC and JCP Partners IV LLC (collectively “Jefferies”; and together with Mass Mutual, collectively, the “Investors”).

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