ASSET PURCHASE AGREEMENT between NEW CENTURY FINANCIAL CORPORATION, THE SELLING SUBSIDIARIES NAMED HEREIN and ELLINGTON MANAGEMENT GROUP, L.L.C. ON BEHALF OF ITS CLIENT FUNDS Dated as of May 2, 2007Asset Purchase Agreement • May 10th, 2007 • New Century Financial Corp • Real estate investment trusts • New York
This Asset Purchase Agreement (this “Agreement”) is made as of May 2, 2007, by and among New Century Financial Corporation, a Maryland corporation (the “Company”), the Subsidiaries of the Company owning Purchased Assets (as defined below), which are named on Schedule 3 hereof (the “Selling Subsidiaries”), and Ellington Management Group, L.L.C., a Delaware limited liability company, on behalf of its client funds (the “Purchaser”). The Company and the Selling Subsidiaries are collectively referred to herein as the “Sellers” and, individually, as a “Seller.” The Sellers and the Purchaser are collectively referred to herein as the “Parties” and, individually, as a “Party.”
