Document:

Form of Stock Pledge Agreement between management and Novus Capital Inc.

 Exhibit 10.5.2 
 STOCK PLEDGE AGREEMENT 
 STOCK PLEDGE AGREEMENT, dated as of June     , 2004,
between [            ] (the “Pledgor”) and Novus Capital, Inc., a Delaware corporation (the “Company”). 
 W I T N E S S E T H: 
 WHEREAS,
pursuant to the Founders Subscription Agreement by and among the Company, the Pledgor and the other investors named therein dated as of the date hereof (as at any time amended, modified or supplemented, the “Subscription
Agreement”), the Pledgor has subscribed for              shares of Series A Convertible Preferred Stock of the Company (the “Subscription Shares”);

 WHEREAS, pursuant to the Subscription Agreement, the Pledgor has agreed to purchase and make payment for the Subscription Shares from time
to time as directed by the Company (the “Subscription Obligations”); and 
 WHEREAS, in connection with the Subscription
Obligations under the Subscription Agreement and as security for all of the Secured Obligations (as defined herein) of the Pledgor hereunder, the Company is requiring that the Pledgor execute and deliver this Agreement and grant the security
interest contemplated hereby. 
 NOW, THEREFORE, in consideration of the premises and the covenants hereinafter contained and to induce the
Company to issue the Subscription Shares to the Pledgor under the Subscription Agreement, it is agreed as follows: 
 Section 1.
Definitions. Unless otherwise defined herein, terms defined in the Subscription Agreement are used herein as therein defined, and the following shall have the following respective meanings (such meanings being equally applicable to both the
singular and plural form of the terms defined): 
 “Agreement” shall mean this Stock Pledge Agreement, including all
amendments, modifications and supplements and any exhibits or schedules to any of the foregoing, and shall refer to the Agreement as the same may be in effect at the time such reference becomes operative. 
 “Event of Default” shall mean the failure of the Pledgor to pay any purchase price as required under Section 2.1(a) of the
Subscription Agreement and the declaration by the Board of Directors of the Company that the Pledgor is a Defaulting Stockholder under and as defined in Section 2.3(a) of the Subscription Agreement. 
 “IRR Release Date” shall have the meaning given to such term in the Restricted Stock Agreement. 
 “Other Pledge Agreements” shall have the meaning assigned to such term in Section 12 hereof. 

 “Pledged Collateral” shall have the meaning assigned to such term in Section 2
hereof. 
 “Pledged Shares” shall mean the shares of the Company’s capital stock set forth on Schedule I
hereto, which schedule shall be amended from time to time to reflect the Pledgor’s acquisition of any additional shares of the Company’s capital stock in any Subsequent Closing (as defined in the Subscription Agreement), any shares of
Series A Convertible Preferred Stock of the Company purchased pursuant to the exercise of any warrant issued as of the date hereof to the Pledgor, and any shares of the Company’s capital stock into which such shares may therefor be
converted, changed, reclassified or exchanged. 
 “Restricted Stock Agreement” shall mean the Restricted Stock Agreement
dated June 18, 2004, by and between the Pledgor and the Company. 
 “Secured Obligations” shall have the meaning
assigned to such term in Section 3 hereof. 
 “Securities Act” shall mean the Securities Act of 1933, as amended (or
any similar statute then in effect). 
 “Stockholders Agreement” shall mean the Stockholders’ Agreement, dated as of
June 18, 2004, among the Company and the securityholders party thereto. 
 “Substitute Collateral” shall have the
meaning assigned to such term in Section 13 hereof. 
 “Termination Date” shall mean the date on which all Secured
Obligations have been paid in full. 
 Section 2. Pledge. Subject to Sections 12, 13 and 14 hereof, the Pledgor hereby pledges
and grants to the Company a first priority security interest in all of the following (the “Pledged Collateral”): the Pledged Shares, the certificates representing the Pledged Shares and any Substitute Collateral. Subject to
Section 7 hereof, dividends paid or other distributions made with respect to the Pledged Shares shall not constitute Pledged Collateral. 
 Section 3. Security for Company Obligations. This Agreement secures, and the Pledged Collateral is security for, the prompt performance of the Subscription Obligations, including the payment in full of any purchase price
thereunder, and all reasonable costs and expenses associated with the enforcement of this Agreement by the Company (collectively, the “Secured Obligations”). 
 Section 4. Delivery of Pledged Collateral and Custody. All certificates representing or evidencing the Pledged Shares shall be delivered to
and held by the Company pursuant hereto and shall be accompanied by duly executed instruments of transfer or assignment in favor of the Company in form and substance reasonably satisfactory to the Company. The Company shall have the right at any
time to exchange 
  

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 certificates or instruments representing or evidencing Pledged Shares for certificates or instruments of smaller or
larger denominations. At such time that any of the Pledged Shares are converted into the common stock of the Company, par value $.01 per share (the “Common Stock”), pursuant to the terms of the Company’s Certificate of
Incorporation, the Company shall, without the need for any further action by the Pledgor, exchange the certificate or certificates representing the Pledged Shares for a certificate or certificates for the number of shares of Common Stock into which
the Pledged Shares were convertible on the date on which such conversion occurs. 
 Section 5. Representations and Warranties.
The Pledgor represents and warrants to the Company that: 
 (a) The Pledgor is, and at the time of delivery of the Pledged Shares to the
Company pursuant to Section 4 hereof will be, the sole holder of record and the sole beneficial owner of the Pledged Collateral free and clear of any lien or encumbrances thereon or affecting the title thereto except for any lien created by
this Agreement, the Restricted Stock Agreement, the Subscription Agreement or the Stockholders Agreement. 
 (b) No consent, approval,
authorization or other order of any Person and no consent, authorization, approval, or other action by, and no notice to or filing with, any governmental authority or regulatory body is required either (i) for the pledge of the Pledged
Collateral pursuant to this Agreement or for the execution, delivery or performance of this Agreement by the Pledgor or (ii) for the exercise by the Company of its rights and the remedies pursuant to this Agreement. 
 (c) This Agreement has been duly authorized, executed and delivered by the Pledgor and constitutes a legal, valid and binding obligation of the Pledgor
enforceable in accordance with its terms, except as limited by bankruptcy, insolvency, reorganization, moratorium or other laws affecting the enforcement of creditors’ rights generally, and general principles of equity, and except as the remedy
of specific performance or injunctive relief is subject to the discretion of the court before which any proceeding therefor may be brought. 
 Section 6. Covenants. The Pledgor covenants and agrees that until the Termination Date: 
 (a) Without the prior written
consent of the Company, subject to Sections 12, 13 and 14 hereof, the Pledgor will not sell, assign, transfer, pledge, grant a lien with respect to or otherwise encumber any of its rights in or to the Pledged Collateral (other than liens or
encumbrances imposed pursuant to this Agreement, the Subscription Agreement, the Stockholders Agreement or the Restricted Stock Agreement). 
 (b) The Pledgor will, at its expense, promptly execute, acknowledge and deliver all such instruments and take all such action as the Company from time to time may reasonably request in order to ensure to the Company the benefits of the
liens in and to the Pledged Collateral intended to be created by this Agreement. 
  

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 (c) The Pledgor will defend its title to the Pledged Collateral and the liens of the Company thereon
against the claim of any other Person and will maintain and preserve the liens granted to the Company in the Pledged Collateral under and in accordance with this Agreement until the Termination Date. 
 Section 7. Company’s Rights Upon an Event of Default. 
 (a) So long as an Event of Default shall have occurred and be continuing hereunder, the Company (personally or through an agent) is hereby authorized and empowered, in accordance with applicable law, to transfer and
register in its name the whole or any part of the Pledged Collateral, to exercise the voting rights with respect thereto, to collect and receive all cash dividends and other distributions made thereon, to sell in one or more sales after ten
(10) days’ prior notice of the time and place of any public sale or of the time after which a private sale is to take place (which notice the Pledgor agrees is commercially reasonable), but without any other previous notice or
advertisement, the whole or any part of the Pledged Collateral and to otherwise act and to exercise any and all rights with respect to the Pledged Collateral as though the Company was the outright owner thereof, the Pledgor hereby irrevocably
constituting and appointing the Company as the proxy and attorney-in-fact of the Pledgor, with full power of substitution to do so; provided, however, that the Company shall not have any duty to exercise any such right or to preserve
the same and shall not be liable for any failure to do so or for any delay in doing so. Any such sale shall be made at a public or private sale at the Company’s place of business, or at any public building in the city where the Company’s
place of business is located or elsewhere any other location named in the notice of sale, either for cash or upon credit or for future delivery at such price as the Company may deem fair, and the Company may be the purchaser of the whole or any part
of the Pledged Collateral so sold and hold the same thereafter in its own right free from any claim of the Pledgor or any right of redemption. Each such sale shall be made to the highest bidder, but the Company reserves the right to reject any and
all bids at such sale which, in its discretion, it shall reasonably deem inadequate. To the extent permitted by applicable law, demands of performance, except as otherwise herein specifically provided for, notices of sale, advertisements and the
presence of property at sale are hereby waived and any sale hereunder may be conducted by an auctioneer or any officer or agent of the Company. 
 (b) If, at the original time or times appointed for the sale of the whole or any part of the Pledged Collateral under this Section 7, the highest bid, if there be but one sale, shall be inadequate to discharge in full all the Secured
Obligations, or if the Pledged Collateral be offered for sale in lots, if at any of such sales, the highest bid for the lot offered for sale would indicate to the Company, in its reasonable discretion, the unlikelihood of the proceeds of the sales
of the whole of the Pledged Collateral being sufficient to discharge all the Secured Obligations, the Company may, on one or more occasions and in its reasonable discretion, postpone any of said sales by public announcement at the time of sale or
the time of previous postponement of sale, and no other notice of such postponement or postponements of sale need be given, any other notice being hereby waived; provided, however, that any sale or sales made after such postponement
shall be after ten (10) days’ prior notice to the Pledgor. 
  

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 (c) In the event of any sales under this Section 7, the Company shall, after deducting all
reasonable costs or expenses of every kind (including reasonable attorneys’ fees and disbursements) for care, safekeeping, collection, sale, delivery or otherwise, apply the residue of the proceeds of the sales to the payment or reduction,
either in whole or in part, of the Secured Obligations then due and unpaid in accordance with the Subscription Agreement, returning the surplus, if any, to the Pledgor. 
 (d) If, at any time when the Company shall determine to exercise its rights to sell the whole or any part of the Pledged Collateral under this Section 7 including, without limitation, the requirement of 10 days
notice of any sale to the Pledgor, such Pledged Collateral or the part thereof to be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act, the Company may, in its discretion (subject only to applicable
requirements of law), sell such Pledged Collateral or part thereof by private sale in such manner and under such circumstances as the Company may deem necessary or advisable, but subject to the other requirements of this Section 7, and shall
not be required to effect such registration or to cause the same to be effected. Without limiting the generality of the foregoing, in any such event the Company in its discretion (i) may, in accordance with applicable securities laws, proceed
to make such private sale notwithstanding that a registration statement for the purpose of registering such Pledged Collateral or part thereof could be or shall have been filed under the Securities Act (or similar statute), (ii) may approach
and negotiate with a single possible purchaser to effect such sale and (iii) may restrict such sale to a purchaser who will represent and agree that such purchaser is purchasing for its own account, for investment and not with a view to the
distribution or sale of such Pledged Collateral or part thereof. In addition to a private sale as provided above in this Section 7, if any of the Pledged Collateral shall not be freely distributable to the public without registration under the
Securities Act (or similar statute) at the time of any proposed sale pursuant to this Section 7, then the Company shall not be required to effect such registration or cause the same to be effected but, in its discretion (subject only to
applicable requirements of law), may require that any sale hereunder (including a sale at auction) be conducted subject to restrictions (A) as to the financial sophistication and ability of any Person permitted to bid or purchase at any such
sale, (B) as to the content of legends to be placed upon any certificates representing the Pledged Collateral sold in such sale, including restrictions on future transfer thereof, (C) as to the representations required to be made by each
Person bidding or purchasing at such sale relating to that Person’s access to financial information about the Pledgor and such Person’s intentions as to the holding of the Pledged Collateral so sold for investment, for its own account, and
not with a view of the distribution thereof and (D) as to such other matters as the Company may, in its discretion, deem necessary or appropriate in order that such sale (notwithstanding any failure so to register) may be effected in compliance
with the Uniform Commercial Code and other laws affecting the enforcement of creditors’ rights and the Securities Act and all applicable state securities laws. 
 (e) The Pledgor recognizes that the Company may be unable to effect a public sale of any or all the Pledged Collateral and may be compelled to resort to one or more private sales thereof. The Pledgor also acknowledges
any such private sale (conducted in a commercially reasonable manner for private sales) may result in prices 
  

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 and other terms less favorable to the seller than if such sale were a public sale made in accordance with this
Section 7, and, notwithstanding such circumstances, agrees that any such private sale shall not be deemed to have been made in a commercially unreasonable manner for such reason. The Company shall be under no obligation to delay a sale of any
of the Pledged Collateral for the period of time necessary to permit the registrant to register such securities for public sale under the Securities Act, or under applicable state securities laws. 
 (f) The Pledgor agrees that following the occurrence and during the continuance of an Event of Default, it will not at any time plead, claim or take the
benefit of any appraisal, valuation, stay, extension, moratorium or redemption law now or hereafter in force in order to prevent or delay the enforcement of this Agreement, or the absolute sale of the whole or any part of the Pledged Collateral or
the possession thereof by any purchaser at any sale hereunder in accordance with the terms hereof, and the Pledgor waives the benefit of all such laws to the extent it lawfully may do so. The Pledgor agrees that it will not interfere with any right,
power and remedy of the Company provided for in this Agreement or now or hereafter existing at law or in equity or by statute or otherwise, or the exercise or beginning of the exercise by the Company of any one or more of such rights, powers, or
remedies. No failure or delay on the part of the Company to exercise any such right, power or remedy and no notice or demand which may be given to or made upon the Pledgor by the Company with respect to any such remedies shall operate as a waiver
thereof, or limit or impair the Company’s right to take any action or to exercise any power or remedy hereunder, without notice (except as otherwise expressly required in this Agreement) or demand, or prejudice its rights as against the Pledgor
in any respect. 
 (g) Without in any way limiting the provisions of this Section 7, upon the occurrence and during the continuance of
an Event of Default, the Company may exercise in addition to all other rights and remedies granted to it in this Agreement and in the Subscription Agreement, all rights and remedies of a secured party under the Uniform Commercial Code. 

Section 8. Application of Proceeds. So long as an Event of Default shall have occurred and be continuing, any cash held by the Company as
Pledged Collateral and all cash proceeds received by the Company in respect of any sale of, liquidation of, or other realization upon all or any part of the Pledged Collateral shall be applied by the Company as follows: 
 (a) First, to the payment of the reasonable costs and expenses of such sale, liquidation or other realization, including reasonable compensation to the
Company’s agents and counsel, and all expenses, liabilities and advances made or incurred by the Company in connection therewith; 
 (b)
Next, to the payment of the Secured Obligations then due and unpaid; and 
 (c) Finally, after payment in full of all Secured Obligations
then due 
  

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 and unpaid, to the payment to the Pledgor, or its successors or assigns, or to whomsoever may be lawfully entitled to
receive the same or as a court of competent jurisdiction may direct, of any surplus then remaining from such proceeds. 
 Section 9.
Assignment. If the Company assigns the Subscription Agreement in accordance with the terms thereof, the Company may assign this Agreement to the assignee of the Subscription Agreement. 
 Section 10. Termination. Immediately following the Termination Date, the Company shall deliver to the Pledgor the Pledged Collateral subject
to this Agreement and all instruments of assignment executed in connection therewith, free and clear of the liens hereof, and any assignment required to be executed by the Company to effect such redelivery and, except as otherwise provided herein,
all of the Pledgor’s obligations hereunder shall at such time terminate; provided, however, that in the event certain of the Pledged Collateral is then Restricted Stock under the Restricted Stock Agreement, the Pledgor agrees
that, notwithstanding its release from the lien of this Agreement, the Company shall maintain custody of such Restricted Stock in accordance with the Restricted Stock Agreement. 
 Section 11. Reinstatement. This Agreement shall remain in full force and effect and continue to be effective should the Pledgor become
insolvent or make an assignment for the benefit of creditors and shall continue to be effective or be reinstated, as the case may be, if at any time payment and performance of the Secured Obligations, or any part thereof, is, pursuant to applicable
law, rescinded or reduced in amount, or must otherwise be restored or returned, and in any such case, the Secured Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.

 Section 12. Transferability of Capital Stock. Notwithstanding anything to the contrary contained herein, in connection with
any sale or transfer of greater than fifty percent (50%) of the then outstanding capital stock of the Company in a Tag Sale, Drag Sale or Corporate Transaction (each as defined in the Stockholders Agreement), the Pledgor shall be entitled to
transfer his or its, as the case may be, Series A Shares and Released Shares (as defined in the Restricted Stock Agreement) in accordance with the provisions of the Stockholders Agreement as part of any such Tag Sale, Drag Sale or Corporate
Transaction to the extent that the Pledgor would otherwise be entitled to do so under the Stockholders Agreement and such shares shall no longer constitute Pledged Shares. Each pledge agreement entered into as of the date hereof between the Company
and each of the Institutional Investors (as defined in the Subscription Agreement) (all such pledge agreements, the “Other Pledge Agreements”) contain a provision substantially the same as this Section 12. The Company shall not
consent to the revision, amendment or alteration of such provision in any the Other Pledge Agreements unless (i) the same revision, amendment or alteration shall apply to this Pledge Agreement or (ii) such revision, amendment or alteration
will not have the effect of establishing rights or reducing obligations for any Institutional Investor in a manner more favorable in any material respect to such Institutional Investor than the rights and obligations of the Pledgor pursuant to this
Agreement. 
  

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 Section 13. Substitute Collateral. Following an IRR Release Date and for so long as an Event
of Default has not occurred, subject to the terms of the Restricted Stock Agreement and the Stockholders Agreement, the Pledgor shall be entitled to transfer his or its, as the case may be, Series A Shares and Released Shares (as defined in the
Restricted Stock Agreement) and such shares shall no longer constitute Pledged Shares, provided that the Pledgor pledges to the Company, prior to or concurrently with such transfer, subject to this Agreement, cash equal to the then remaining
Subscription Obligations (the “Substitute Collateral”). 
 Section 14. Release Upon Forfeiture or Repurchase.
Notwithstanding anything to the contrary contained herein, the Pledgor shall be entitled to transfer his or its, as the case may be, Pledged Shares following an Event of Default pursuant to Section 2.3 of the Subscription Agreement, pursuant to
a Forfeiture (as defined in the Restricted Stock Agreement) pursuant to the Restricted Stock Agreement or pursuant to Section 3 of the Restricted Stock Agreement and, following such transfer, such shares shall no longer constitute Pledged
Shares. 
 Section 15. Miscellaneous. 
 (a) The Company may execute any of its duties hereunder by or through agents or employees and shall be entitled to advice of counsel concerning all matters pertaining to its duties hereunder. 
 (b) The Pledgor agrees to promptly reimburse the Company for actual and reasonable out-of-pocket expenses, including, without limitation, reasonable
counsel fees, incurred by the Company in connection with the enforcement of this Agreement. 
 (c) Neither the Company nor any of its
officers, directors, employees, agents or counsel shall be liable for any action lawfully taken or omitted to be taken by it or them hereunder or in connection herewith, except for its or their own gross negligence or willful misconduct. 

(d) This Agreement shall be binding upon the Pledgor and its permitted successors and assigns, and shall inure to the benefit of, and be enforceable
by, the Company and its permitted successors and assigns, and shall be governed by, and construed and enforced in accordance with, the internal laws in effect in the State of New York without giving effect to principles of choice of law, and none of
the terms or provisions of this Agreement may be waived, altered, modified or amended except in writing duly signed for and on behalf of the Company and by the Pledgor, provided that Schedule I hereto may be amended from time to time solely
by the Company in accordance with the definition of Pledged Shares. 
 (e) At any time and from time to time, upon written request of the
Company, and at the sole expense of the Pledgor, the Pledgor shall promptly and duly execute and deliver any and all such further instruments and documents and take such further action as the Company may reasonably deem desirable to obtain the full
benefits of this Agreement and of the rights and powers herein granted. 
  

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 Section 16. Severability. Wherever possible, each provision hereof shall be interpreted in
such manner as to be effective and valid under applicable law, but in case any one or more of the provisions contained herein shall, for any reason, be held to be invalid, illegal or unenforceable in any respect, such provision shall be ineffective
to the extent, but only to the extent, of such invalidity, illegality or unenforceability without invalidating the remainder of such invalid, illegal or unenforceable provision or provisions or any other provisions hereof, unless such a construction
would be unreasonable. 
 Section 17. Notices. Except as otherwise provided herein, whenever it is provided herein that any
notice, demand, request, consent, approval, declaration or other communication shall or may be given to or served upon any of the parties by any other party, or whenever any of the parties desires to give or serve upon any other a communication with
respect to this Agreement, each such notice, demand, request, consent, approval, declaration or other communication shall be in writing and either shall be delivered in accordance with the provisions of Section 9.3 of the Subscription
Agreement. 
 Section 18. Section Titles. The Section titles contained in this Agreement are and shall be without substantive
meaning or content of any kind whatsoever and are not a part of the agreement between the parties hereto. 
 Section 19.
Counterparts. This Agreement may be executed in any number of counterparts, which shall, collectively and separately, constitute one agreement. 
 Section 20. Conflict of Terms. Except as otherwise explicitly provided in this Agreement, if any provision contained in this Agreement is in conflict with or inconsistent with any provision in the
Subscription Agreement, the provision contained in the Subscription Agreement shall govern and control, to the extent of such conflict or inconsistency. 
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 IN WITNESS WHEREOF, the parties hereto have caused this Stock Pledge Agreement to be duly executed as of
the date first written above. 
  

			
	NOVUS CAPITAL, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

 SIGNATURE PAGE TO STOCK PLEDGE AGREEMENT 

	
	PLEDGOR
	
	  

	Name:

 SIGNATURE PAGE TO STOCK PLEDGE AGREEMENT 

 SCHEDULE I 
 to the Stock Pledge Agreement 
  

					
	 Class
 of Stock
	  	Certificate No(s).	  	 Number
 of Shares

	Series A Convertible Preferred	  		  	
			
	Class A Common	  		  	

 STOCK POWER 
 FOR VALUE RECEIVED, the undersigned hereby assigns and transfers unto Novus Capital, Inc., an aggregate of [            ]
(            ) shares of Class A Common Stock, par value $0.01 per share (the “Shares”), of Novus Capital, Inc., a Delaware corporation (the “Company”),
represented by Certificate No.             , and does hereby irrevocably constitute and appoint              as
attorney-in-fact to transfer the Shares in the books of the Company with full power of substitution in the premises. 
 Dated:                      , 2004 
  

			
	 [                                      
                                        
      ]

		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Witness:
                     

 STOCK POWER 
 FOR VALUE RECEIVED, the undersigned hereby assigns and transfers unto Novus Capital, Inc., an aggregate of [            ]
(            ) shares of Series A Convertible Preferred Stock, par value $0.01 per share (the “Shares”), of Novus Capital, Inc., a Delaware corporation (the
“Company”), represented by Certificate No.             , and does hereby irrevocably constitute and appoint
             as attorney-in-fact to transfer the Shares in the books of the Company with full power of substitution in the premises. 
 Dated:                 
    , 2004 
  

			
	 [                                      
                                        
      ]

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

 Witness:Notice of Offering, dated 11/4/2005

 Exhibit 10.6.3 
 NOTICE OF OFFERING 
 November 4, 2005 
  

	To:	Fortress Credit Corp., 

 as Administrative Agent and
Initial Lender 
 1251 Avenue of the Americas, 16th Floor 
 New York, NY 10020 
 Attention: Dean Dakolias 
 Telecopy: (212) 202-3685 
 Goldman Sachs
Credit Partners L.P. 
 85 Broad Street 
 New York, NY 10004 
 Attention: 
 Telecopy: 
 Great American Insurance Company 
 c/o American Money Management Corporation 
 One East Fourth Street 
 Cincinnati, OH 45202 
 Attention: David Meyer

 Telecopy: (513) 579-2910 
 Great American Life Insurance Company 
 c/o American Money Management Corporation 
 One East Fourth Street 
 Cincinnati, OH 45202

 Attention: David Meyer 
 Telecopy: (513) 579-2910 
 Reference is hereby made to (i) the Note Agreement, dated as of March 11, 2005 (as amended,
supplemented or otherwise modified from time to time, the “Note Agreement”), among NewStar Financial, Inc., a Delaware corporation (the “Company”), Fortress Credit Corp. (“Fortress”), as Initial
Purchaser and Administrative Agent, and the other Purchasers party thereto and (ii) that certain letter agreement, dated as of November 4, 2005, between the Company and Fortress, modifying certain terms and conditions of the Note
Agreement. Capitalized terms used herein, but not defined herein, have the meanings given to such terms in the Note Agreement. 

 The Company hereby gives notice to Fortress, Goldman Sachs Credit Partners L.P. (“GS”),
Great American Insurance Company (“GAIC”), Great American Life Insurance Company (“GALIC” and together with Fortress, GS and GAIC, collectively, the “New Purchasers”) and the Administrative Agent
under Section 2.0l(b) of the Note Agreement of the Company’s request that each New Purchaser commit to purchase Offered Notes in an aggregate face amount of up to the amount specified below opposite each such New Purchaser’s
name in one or more purchases in accordance with the terms of the Note Agreement: 
  

							
	 New Purchaser
	  	Aggregate Face Amount of
Offered Notes	  	Aggregate Purchase Price
	 Fortress Credit Corp.
	  	$	20,000,000	  	$	20,000,000
	 Goldman Sachs Credit Partners L.P.
	  	$	10,000,000	  	$	10,000,000
	 Great American Insurance Company
	  	$	8,000,000	  	$	8,000,000
	 Great American Life Insurance Company
	  	$	12,000,000	  	$	12,000,000
	 Total:
	  	$	50,000,000	  	$	50,000,000

 This Notice of Offering does not constitute a Notice of Sale. 
 The terms and conditions of the Offered Notes are the same as those of the Notes issued to the Initial Purchaser on the Closing Date, except for the
following economic differences: 
 (a) the purchase price of the Offered Notes shall equal 100% of the face value of the Offered Notes.

 (b) the Applicable Margin applicable to the Offered Notes shall be 5.75%; provided that, in the event the Company Incurs any Senior
Secured Debt after the date hereof (including the sale of any Notes) and, after giving effect to such Incurrence, the Total Leverage Ratio exceeds 6.00:1.00, the Applicable Margin on the Offered Notes shall increase to 6.75% for the period from the
date of such Incurrence until such subsequent date, if any, on which the Total Leverage Ratio is equal to or less than 6.00:1.00. 
 This
Notice of Offering is a Note Document. The Company hereby certifies that the representations and warranties of the Company contained in Article V of the Note Agreement are true and correct in all material respects on and as of each Commitment
Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date, and except that for purposes of this Notice of Offering, the
representations and warranties contained in Section 5.05(a) of the Note Agreement shall be deemed to refer to the most recent financial statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01 of the Note
Agreement. 
 By executing a copy of this Notice of Offering, you hereby agree that your Commitment will be effective on and as of the date
specified on your signature page (each, a “Commitment Effective Date”) and from and after the applicable Commitment Effective Date, you agree (a) that you will be a Purchaser for all purposes of the Note Agreement and
(b) that you will comply with the terms and conditions of the Note Agreement applicable to the Purchasers and to perform in accordance with their terms all of the obligations that, by the terms of the Note Agreement, are required to be
performed by you as a Purchaser. 
 From and after the applicable Commitment Effective Date, the Company agrees to pay to the Administrative
Agent, for the account of each Purchaser, a non-refundable unused commitment fee (the “New Commitments Unused Commitment Fee”) in an amount equal to  1/2 of 1% per annum of the actual daily amount by which each New Purchaser’s Commitment exceeds the aggregate face amount of all Notes purchased by such New Purchaser
during the applicable 

  

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Availability Period for so long as such New Purchaser’s Commitment is still outstanding, which New Commitments Unused Commitment Fee shall be payable in
arrears (x) on the first Business Day of each calendar quarter, commencing on the first such Business Day to occur following the applicable Commitment Effective Date and (y) on the last day of the applicable Availability Period (or, if
earlier, the date on which such New Purchaser shall have purchased Notes, on the terms and conditions applicable to such New Purchaser’s Commitment, having an aggregate principal amount equal to the entire amount of such New Purchaser’s
Commitment). The New Commitments Unused Commitment Fee shall be computed on an Actual/360 Basis. The New Commitments Unused Commitment Fee shall be fully earned and non-refundable when paid and shall be in addition to any fees referred to in the
Note Agreement. The New Commitments Unused Commitment Fee shall be paid in Dollars in immediately available funds and shall not be subject to counterclaim or set-off for, or be otherwise affected by, any claim or dispute relating to any other
matter. 
 Each of the parties hereto acknowledges and agrees that (a) notwithstanding anything to the contrary in the Note Agreement,
the Company will not sell any Notes to any Purchaser other than pursuant to the Initial Purchaser’s Commitment until the amount of Notes purchased by the Initial Purchaser pursuant to the Initial Purchaser’s Commitment has equaled
$50,000,000 in the aggregate for all such purchases (it being understood and agreed that any Commitment of Fortress entered into pursuant to this Notice of Offering shall not constitute an “Initial Purchaser’s Commitment” for purposes
of the Note Agreement or this Notice of Offering) and (b) thereafter, all Notes shall be sold by the Company to the Purchasers on a pro rata basis in accordance with their respective unused Commitments. 
  

 3 

 You have a right to commit to purchase the Offered Notes in accordance with the Note Agreement and this
Notice of Offering. If you would like to exercise this right, please confirm your Commitment and your agreement with the foregoing terms and conditions by executing a copy of this Notice of Offering and returning it to the Company. 
  

					
	NEWSTAR FINANCIAL, INC.
		
	By:	 	

		 	Name:	 	John Kirby Bray
		 	Title:	 	CFO

 [NOTICE OF OFFERING SIGNATURE
PAGE] 

					
	FORTRESS CREDIT CORP., as Administrative Agent, Initial Purchaser and as a New Purchaser
		
	By:	 	

		 	Name:	 	MARC K. FURSTEIN
		 	Title:	 	CHIEF OPERATING OFFICER
		 	Date:	 	November 4, 2005

 [NOTICE OF OFFERING SIGNATURE
PAGE] 

					
	GOLDMAN SACHS CREDIT PARTNERS L.P.,
as a New Purchaser
		
	By:	 	

		 	Name:	 	William W. Archer
		 	Title:	 	Managing Director
		 	Date:	 	November 4, 2005

 [NOTICE OF OFFERING SIGNATURE
PAGE] 

					
	GREAT AMERICAN INSURANCE COMPANY, as a New Purchaser
		
	By:	 	

		 	Name:	 	Ronald C. Hayes
		 	Title:	 	Assistant Vice President
		 	Date:	 	November 4, 2005

 [NOTICE OF OFFERING SIGNATURE
PAGE] 

					
	GREAT AMERICAN LIFE INSURANCE COMPANY, as a New Purchaser
		
	By:	 	

		 	Name:	 	Mark F. Muething
		 	Title:	 	Executive Vice President
		 	Date:	 	November 4, 2005

 [NOTICE OF OFFERING SIGNATURE
PAGE]

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