0000826675-11-000006 Sample Contracts

DYNEX CAPITAL, INC. FORM OF RESTRICTED STOCK AGREEMENT FOR EXECUTIVE OFFICERS
Restricted Stock Agreement • March 16th, 2011 • Dynex Capital Inc • Real estate investment trusts

This Restricted Stock Agreement (“Agreement”), which includes the attached Terms and Conditions, confirms the grant of restricted stock (the “Award”) by DYNEX CAPITAL, INC. (the “Company”), to <<name>> (“Employee”), under the Dynex Capital, Inc. 2009 Stock and Incentive Plan (the “Plan”) as follows:

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