To: American Capital Strategies, Ltd.Confirmation • April 1st, 2005 • American Capital Strategies LTD • New York
The purpose of this letter agreement (this “Confirmation”) is to confirm the terms and conditions of the transaction entered into between us on the Trade Date specified below (the “Transaction”). This Confirmation constitutes a “Confirmation” as referred to in the ISDA Master Agreement specified below.
Citigroup Global Markets Inc. Wachovia Capital Markets, LLC Friedman, Billings Ramsey & Co., Inc. BB&T Capital Markets, a division of Scott & Stringfellow, Inc. Piper Jaffray & Co. c/o Citigroup Global Markets Inc.Underwriting Agreement • April 1st, 2005 • American Capital Strategies LTD • New York
