0001193125-05-118259 Sample Contracts

NEW CENTURY FINANCIAL CORPORATION DIVIDEND EQUIVALENT RIGHTS AWARD AGREEMENT
Dividend Equivalent Rights Award Agreement • June 1st, 2005 • New Century Financial Corp • Real estate investment trusts • Maryland

THIS DIVIDEND EQUIVALENT RIGHTS AWARD AGREEMENT (this “Award Agreement”) is dated as of March 10, 2005 (the “Award Date”), by and between New Century Financial Corporation, a Maryland corporation (the “Corporation”), and Edward F. Gotschall (the “Participant”).

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NEW CENTURY FINANCIAL CORPORATION PERFORMANCE-ACCELERATED STOCK OPTION AGREEMENT
Performance-Accelerated Stock Option Agreement • June 1st, 2005 • New Century Financial Corp • Real estate investment trusts • Maryland

THIS PERFORMANCE-ACCELERATED STOCK OPTION AGREEMENT (this “Option Agreement”) dated March 10, 2005, by and between NEW CENTURY FINANCIAL CORPORATION, a Maryland corporation (the “Corporation”), and Patrick J. Flanagan (the “Grantee”) evidences the incentive stock option (the “Option”) granted by the Corporation to the Grantee as to the number of shares of the Corporation’s Common Stock first set forth below.

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NEW CENTURY FINANCIAL CORPORATION EMPLOYEE RESTRICTED STOCK AWARD AGREEMENT
Employee Restricted Stock Award Agreement • June 1st, 2005 • New Century Financial Corp • Real estate investment trusts • Maryland

THIS EMPLOYEE RESTRICTED STOCK AWARD AGREEMENT (this “Award Agreement”) is dated as of February 2, 2005 (the “Award Date”), by and between New Century Financial Corporation, a Maryland corporation (the “Corporation”), and Robert K. Cole (the “Participant”).

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NEW CENTURY FINANCIAL CORPORATION PERFORMANCE-ACCELERATED RESTRICTED STOCK AWARD AGREEMENT
Performance-Accelerated Restricted Stock Award Agreement • June 1st, 2005 • New Century Financial Corp • Real estate investment trusts • Maryland

THIS PERFORMANCE-ACCELERATED RESTRICTED STOCK AWARD AGREEMENT (this “Award Agreement”) is dated as of March 10, 2005 (the “Award Date”), by and between New Century Financial Corporation, a Maryland corporation (the “Corporation”), and Edward F. Gotschall (the “Participant”).

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NEW CENTURY FINANCIAL CORPORATION PERFORMANCE-ACCELERATED RESTRICTED STOCK AWARD AGREEMENT
Performance Incentive Plan Agreement • June 1st, 2005 • New Century Financial Corp • Real estate investment trusts • Maryland

THIS PERFORMANCE-ACCELERATED RESTRICTED STOCK AWARD AGREEMENT (this “Award Agreement”) is dated as of March 10, 2005 (the “Award Date”), by and between New Century Financial Corporation, a Maryland corporation (the “Corporation”), and Brad A. Morrice (the “Participant”).

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