SECURITIES PURCHASE AGREEMENT by and among FRIEDMAN, BILLINGS, RAMSEY GROUP INC., FNLC FINANCIAL SERVICES, INC., NLC FINANCIAL SERVICES, LLC, NEAL S. HENSCHEL, JEFFREY M. HENSCHEL, BENJAMIN HENSCHEL, ANDREW HENSCHEL, and SUN MORTGAGE PARTNERS, L.P.,Securities Purchase Agreement • March 16th, 2005 • Friedman Billings Ramsey Group Inc • Real estate investment trusts • Delaware
This SECURITIES PURCHASE AGREEMENT, dated as of January 10, 2005, is by and among Friedman, Billings, Ramsey Group, Inc., a Virginia corporation (“Buyer Parent”), FNLC Financial Services Inc., a Delaware corporation and wholly owned subsidiary of Buyer Parent (“Buyer” and, together with Buyer Parent, “Buyers”), NLC Financial Services, LLC, a Delaware limited liability company (the “Company”), Neal S. Henschel (“Neal Henschel”), Jeffrey M. Henschel (“Jeffrey Henschel”), Benjamin Henschel (“Benjamin Henschel”), Andrew Henschel (“Andrew Henschel” and together with Neal Henschel, Jeffrey Henschel and Benjamin Henschel, the “Henschels” and each, a “Henschel”), and Sun Mortgage Partners, L.P., a Delaware limited partnership (“Sun Mortgage Partners” and together with the Henschels, “Sellers” and each, a “Seller”). Capitalized terms used herein shall have the meanings given such terms in Annex A of this Agreement.
