2,000,000 Shares NEWCASTLE INVESTMENT CORP. (a Maryland corporation)Underwriting Agreement • March 15th, 2007 • Newcastle Investment Corp • Real estate investment trusts • New York
Newcastle Investment Corp., a Maryland corporation (the “Company”), confirms its agreement with Bear, Stearns & Co. Inc. (“Bear, Stearns”) and each of the other Underwriters named in Schedule A hereto (collectively, the “Underwriters,” which term shall include any underwriter substituted as hereinafter provided in Section 9 hereof), for whom Bear, Stearns is acting as representative (in such capacity, hereinafter referred to as the “Representative”), with respect to the issue and sale by the Company and the purchase by the Underwriters, acting severally and not jointly, of the respective numbers set forth in Schedule A of the Company’s 8.375% Series D Cumulative Redeemable Preferred Stock, $.01 par value (the “Preferred Shares”), at a purchase price of $24.2125 per Preferred Share and with respect to the grant by the Company to the Underwriters of the option described in Section 2(b) hereof to purchase all or any part of an additional 300,000 Preferred Shares to cover over-allotments.
