0000898430-02-003156 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • August 14th, 2002 • Anworth Mortgage Asset Corp • Real estate investment trusts • California

THIS EMPLOYMENT AGREEMENT (“Agreement”), effective as of the 1st day of January 2002, is entered into by and between Joseph Lloyd McAdams (the “Executive”) and Anworth Mortgage Advisory Corporation, a California corporation (the “Company”).

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SUBLEASE
Sublease • August 14th, 2002 • Anworth Mortgage Asset Corp • Real estate investment trusts • California

This Sublease is made as of the 13th day of June, 2002, by and between PACIFIC INCOME ADVISORS, INC., a Delaware corporation (“Sublandlord”) and ANWORTH MORTGAGE ASSET CORPORATION, a Maryland corporation (“Subtenant”) with regard to the following facts.

ADDENDUM TO EMPLOYMENT AGREEMENT
Employment Agreement • August 14th, 2002 • Anworth Mortgage Asset Corp • Real estate investment trusts

THIS ADDENDUM TO EMPLOYMENT AGREEMENT (this “Addendum”) is entered into as of the 18th day of April, 2002 by and among Anworth Mortgage Advisory Corporation, a California corporation (the “Company”), Anworth Mortgage Asset Corporation, a Maryland corporation (“Anworth”), and Joseph E. McAdams (the “Executive”).

ADDENDUM TO EMPLOYMENT AGREEMENT
Employment Agreement • August 14th, 2002 • Anworth Mortgage Asset Corp • Real estate investment trusts

THIS ADDENDUM TO EMPLOYMENT AGREEMENT (this “Addendum”) is entered into as of the 18th day of April, 2002 by and among Anworth Mortgage Advisory Corporation, a California corporation (the “Company”), Anworth Mortgage Asset Corporation, a Maryland corporation (“Anworth”), and Heather U. Baines (the “Executive”).

SECOND ADDENDUM TO EMPLOYMENT AGREEMENT
Employment Agreement • August 14th, 2002 • Anworth Mortgage Asset Corp • Real estate investment trusts

THIS SECOND ADDENDUM TO EMPLOYMENT AGREEMENT (this “Addendum”) is made effective as of the 13th day of June, 2002 by and among Anworth Mortgage Asset Corporation, a Maryland corporation (“Anworth”), and Joseph E. McAdams (the “Executive”).

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