Jameson Inns, Inc. 43,000,000 Shares of Common Stock UNDERWRITING AGREEMENTUnderwriting Agreement • July 21st, 2004 • Jameson Inns Inc • Real estate investment trusts • New York
Jameson Inns, Inc., a Georgia corporation (the “Company”), confirms its agreement with each of the Underwriters listed on Schedule I hereto (collectively, the “Underwriters”), for whom Friedman, Billings, Ramsey & Co., Inc. is acting as representative (in such capacity, the “Representative”), with respect to (i) the sale by the Company of 43,000,000 shares (the “Initial Shares”) of common stock, par value $0.10 per share, of the Company (the “Common Stock”) and the purchase by the Underwriters, acting severally and not jointly, of the respective number of shares of Common Stock set forth opposite the names of the Underwriters in Schedule I hereto, and (ii) the grant of the option described in Section 1(b) hereof to purchase all or any part of 6,450,000 additional shares of Common Stock solely to cover over-allotments (the “Option Shares”), if any, from the Company in the respective numbers of shares of Common Stock set forth opposite the names of the Underwriters in Schedule I hereto.
