FRIEDMAN, BILLINGS, RAMSEY GROUP, INC. FBR CAPITAL MANAGEMENT, INC. ORKNEY HOLDINGS, INC. FRIEDMAN, BILLINGS, RAMSEY INVESTMENT MANAGEMENT INC. $20,000,000 LOAN AGREEMENT dated as of June 7, 2002 CHEVY CHASE BANK, F.S.B., as LenderLoan Agreement • March 28th, 2003 • Friedman Billings Ramsey Group Inc • Security brokers, dealers & flotation companies • Maryland
Contract Type FiledMarch 28th, 2003 Company Industry JurisdictionTHIS LOAN AGREEMENT, dated as of June 7, 2002, among Friedman, Billings, Ramsey Group, Inc., a Virginia corporation (“FBR”), FBR Capital Management, Inc., a Delaware corporation (“FBRCM”), Orkney Holdings, Inc., a Delaware corporation (“OH”), and Friedman, Billings, Ramsey Investment Management Inc. (“FBRIM”), a Delaware corporation (collectively, the “Borrowers” and individually, a “Borrower”); and Chevy Chase Bank, F.S.B., a federally chartered stock savings bank (the “Lender”).