[RBS GREENWICH CAPITAL GRAPHIC OMITTED]
Greenwich Capital Financial
Products, Inc.
000 Xxxxxxxxx Xxxx
Xxxxxxxxx, Xxxxxxxxxxx 00000
Telephone: 000.000.0000
Facsimile: 203.618.2134
xxx.xxx.xxx
July 1, 2006
Anthracite Capital, Inc.
00 Xxxx 00xx Xxxxxx
Xxx Xxxx, XX 00000
Re: Master Repurchase Agreement, dated July 8, 2002, between Anthracite Capital,
Inc., as seller ("Seller") and Greenwich Capital Financial Products, Inc., as
buyer ("Buyer") as supplemented by that certain Annex I to Master Repurchase
agreement dated as of July 8, 2002 ( as further amended, supplemented or
modified from time to time, collectively, the "Repurchase Agreement").
Dear Xxx Xxxxxxxxx,
GCFP has agreed to the extension of the Scheduled Repurchase Date, in
accordance with Section 3(e) of the Repurchase Agreement, for an additional 364
day period to July 6, 2007.
In addition, GCFP has also agreed to the extension of the Commitment Period, in
accordance with Section (1) of the Repurchase Agreement, to December 23, 2006.
Sincerely,
/s/ Xxxxx X. Xxxxxxx
------------------------
Xxxxx X. Xxxxxxx
Vice President
Cc: Mr. Xxxxxx Xxxx - Xxxxxx & Xxxxxx
Xx. Xxxxxx XxXxxxx - Xxxxxxxxx
