Exhibit 10.3 EMPLOYMENT AGREEMENT -------------------- (Thomas R. Hobbs) THIS EMPLOYMENT AGREEMENT (this "Agreement") is made this 1st day of August, 1996 by and between MUNICIPAL MORTGAGE AND EQUITY, L.L.C., a Delaware limited liability company...Employment Agreement • January 23rd, 1998 • Municipal Mortgage & Equity LLC • Asset-backed securities • Maryland
Exhibit 10.4 MASTER PURCHASE AGREEMENT THIS MASTER PURCHASE AGREEMENT is made as of this 30 day of June, 1997, by and among FRIO PORTFOLIO INVESTORS, L.L.C., a Delaware limited liability company ("Frio"), RIO PORTFOLIO PARTNERS, L.P., a Delaware...Master Purchase Agreement • January 23rd, 1998 • Municipal Mortgage & Equity LLC • Asset-backed securities • Maryland
