NEW CENTURY FINANCIAL CORPORATION
EMPLOYEE STOCK PURCHASE PLAN
SUBSCRIPTION AGREEMENT
Attached to this Subscription Agreement as Exhibits A and B
are copies of the New Century Financial Corporation Employee
Stock Purchase Plan (the "Plan") and related Prospectus. The
Plan is voluntary and provides Eligible Employees the opportunity
to purchase shares of the Company's Common Stock at a discount.
You should complete this form if you want to participate in the
Plan commencing with the ___________________ to _______________
Offering Period. IN ORDER TO BE VALID, THIS SUBSCRIPTION
AGREEMENT MUST BE PROPERLY EXECUTED AND RECEIVED BY THE
CORPORATION ON OR BEFORE ______________.
DEFERRAL ELECTION. If you are an Eligible Employee (as defined
in the Plan) as of _________________, you may participate in the
Plan for the ________________ to _______________ Offering Period.
To commence participation in the Plan, initial the box below and
indicate the level of Contributions that are to be deducted from
your Compensation. You should indicate the level of
Contributions that are to be deducted from your Compensation
(excluding bonuses) and from your bonuses (if any).
___ I hereby authorize the Company to deduct from my paycheck
each pay period __________% (designate a whole number from
1% to 10%, or zero) of my Compensation (excluding bonuses)
and __________% (designate a whole number from 1% to 10%, or
zero) of my bonuses, for the purchase of Common Stock under
the Plan. My Contributions will be deducted from each one
of my paychecks beginning with the first full pay period
commencing on _____________ and will continue for the entire
Offering Period (unless my Plan participation terminates or
until I file a Withdrawal Form or a Change in Contributions
Form with the Corporation pursuant to the terms of the
Plan). My Contributions are subject to certain limits under
the Plan and any Contributions in excess of these limits
will be refunded to me. I must file a new Subscription
Agreement for each Offering Period in which I am eligible
and wish to participate in the Plan.
BENEFICIARY DESIGNATION. (Please initial the following box if
you have attached a Designation of Beneficiary form. If you have
already filed a Designation of Beneficiary form under the Plan,
you do not need to file a new form unless you wish to change your
beneficiary.)
___ I hereby acknowledge that I have read and completed the
Designation of Beneficiary attached hereto as Exhibit C.
SIGNATURE. I hereby agree to be bound by the terms of the Plan,
acknowledge receipt of a copy of the Plan and Prospectus, and
authorize the election, payroll deductions, and beneficiary
designation (if applicable) specified above.
________________________ __________________________
Signature Date
________________________ __________________________
Print Name Social Security Number
________________________ __________________________
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