AMERICAN MORTGAGE ACCEPTANCE COMPANY UNDERWRITING AGREEMENTUnderwriting Agreement • July 27th, 2007 • American Mortgage Acceptance Co • Real estate investment trusts • New York
American Mortgage Acceptance Company, a Massachusetts business trust (the “Company”) confirms its agreement with each of the Underwriters listed on Schedule I hereto (collectively, the “Underwriters”), for whom Sterne, Agee & Leach, Inc. is acting as the representative (in such capacity, the “Representative”), with respect to (i) the sale by the Company of 680,000 shares (the “Initial Shares”) of 7.25% Cumulative Convertible Preferred Shares of beneficial interest of the Company (the “Preferred Shares”) and the purchase by the Underwriters, acting severally and not jointly, of the respective number of Preferred Shares set forth opposite the names of the Underwriters in Schedule I hereto, and (ii) the grant of the option to the Underwriters described in Section 1(b) hereof to purchase all or any part of 60,000 additional Preferred Shares to cover over-allotments (the “Option Shares”), if any, as set forth in Schedule I hereto. The Initial Shares to be purchased by the Underwriters and a
