AGREEMENT TO EXTEND MANAGEMENT AGREEMENTAgreement to Extend Management Agreement • April 1st, 2002 • Friedman Billings Ramsey Group Inc • Security brokers, dealers & flotation companies • Virginia
This Agreement to Extend Management Agreement (the "Extension Agreement") is made as of December 17, 2001, by and between FBR Asset Investment Corporation (the "Company") and Friedman, Billings, Ramsey Investment Management, Inc. (the "Manager").
July 9, 2001 FBR Asset Investment Corporation Arlington Capital, Inc. 1001 Nineteenth Street North Arlington, Virginia 22209 Re: Fee-sharing Arrangement Dear Sirs:Friedman Billings Ramsey Group Inc • April 1st, 2002 • Security brokers, dealers & flotation companies • Virginia
The purpose of this Letter Agreement is to set forth the terms by which Arlington Capital, Inc. ("AC"), a subsidiary of FBR Asset Investment Corporation ("FBRAIC"), will share certain fees with Friedman, Billings, Ramsey & Co., Inc. ("FBR").
