CAPLEASE, INC. Shares of 8.375% Series B Cumulative Redeemable Preferred Stock UNDERWRITING AGREEMENTUnderwriting Agreement • April 19th, 2012 • CapLease, Inc. • Real estate investment trusts • New York
CapLease, Inc., a Maryland corporation (the “Company”), confirms its agreement with each of the Underwriters listed on Schedule I hereto (collectively, the “Underwriters”), for whom Wells Fargo Securities, LLC and Citigroup Global Markets Inc. are acting as Representatives (in such capacity, the “Representatives”), with respect to (a) the sale by the Company of 2,000,000 shares (the “Initial Shares”) of 8.375% Series B Cumulative Redeemable Preferred Stock (liquidation preference $25.00 per share), par value $0.01 per share, of the Company (the “Series B Preferred Stock”), and the purchase by the Underwriters, acting severally and not jointly, of the respective number of shares of Series B Preferred Stock set forth opposite the names of the Underwriters in Schedule I hereto, and (b) the grant of the option described in Section 1(b) hereof to purchase all or any part of 300,000 additional shares of Series B Preferred Stock to cover over-allotments (the “Option Shares”), if any, from the
