MASTER REPURCHASE AGREEMENT CREDIT SUISSE, NEW YORK BRANCH, as administrative agent (“Administrative Agent”) FIELDSTONE INVESTMENT CORPORATION, as seller (“Seller”), FIELDSTONE MORTGAGE COMPANY, as seller (“Seller”) and THE SEVERAL CONDUIT BUYERS AND...Master Repurchase Agreement • November 15th, 2005 • Fieldstone Investment Corp • Real estate investment trusts • New York
WHEREAS, FIC entered into that certain Funding Agreement dated as of July 25, 2005 by and among FIC, Fieldstone Investment Funding, LLC, Credit Suisse, New York Branch, as Facility Agent, and the several conduit lenders, committed lenders and group agents party hereto from time to time (the “Facility”); and
AMENDMENT NO. 2 TO MASTER REPURCHASE AGREEMENTMaster Repurchase Agreement • November 15th, 2005 • Fieldstone Investment Corp • Real estate investment trusts • New York
This SECOND AMENDMENT TO MASTER REPURCHASE AGREEMENT (this “Amendment”) is dated as of June 1, 2005 and is entered into by and among FIELDSTONE INVESTMENT CORPORATION (“FIC” and a “Seller”), FIELDSTONE MORTGAGE COMPANY (“FMC” and a “Seller”, and together with FIC, the “Sellers”) and MERRILL LYNCH BANK USA (the “Buyer”) to that certain Master Repurchase Agreement dated as of November 12, 2004 as amended by Amendment No. 1 to Master Repurchase Agreement dated as of May 10, 2005 (the “Existing Repurchase Agreement”, as amended by this Amendment, the “Repurchase Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Existing Repurchase Agreement.
FUNDING AGREEMENTFunding Agreement • November 15th, 2005 • Fieldstone Investment Corp • Real estate investment trusts • New York
days requested by the Borrower and agreed to by the related Lending Group, commencing on a Business Day requested by the Borrower and agreed to by the related Lending Group, or (ii) after the Termination Date, a period of one (1) day. If such BR Funding Period would end on a day which is not a Business Day, such BR Funding Period shall end on the next succeeding Business Day.
AMENDMENT NO. 4 TO MASTER REPURCHASE AGREEMENTMaster Repurchase Agreement • November 15th, 2005 • Fieldstone Investment Corp • Real estate investment trusts • New York
This FOURTH AMENDMENT TO MASTER REPURCHASE AGREEMENT (this “Amendment”) is dated as of November 9, 2005 and is entered into by and among FIELDSTONE INVESTMENT CORPORATION (“FIC” and a “Seller”), FIELDSTONE MORTGAGE COMPANY (“FMC” and a “Seller”, and together with FIC, the “Sellers”) and MERRILL LYNCH BANK USA (the “Buyer”) to that certain Master Repurchase Agreement dated as of November 12, 2004 as amended by Amendment No. 1 to Master Repurchase Agreement dated as of May 10, 2005, Amendment No. 2 to Master Repurchase Agreement dated as of June 1, 2005 and Amendment No. 3 to Master Repurchase Agreement dated as of July 11, 2005 (the “Existing Repurchase Agreement”, as amended by this Amendment, the “Repurchase Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Existing Repurchase Agreement.
AMENDMENT NO. 3 TO MASTER REPURCHASE AGREEMENTMaster Repurchase Agreement • November 15th, 2005 • Fieldstone Investment Corp • Real estate investment trusts • New York
This THIRD AMENDMENT TO MASTER REPURCHASE AGREEMENT (this “Amendment”) is dated as of July 11, 2005 and is entered into by and among FIELDSTONE INVESTMENT CORPORATION (“FIC” and a “Seller”), FIELDSTONE MORTGAGE COMPANY (“FMC” and a “Seller”, and together with FIC, the “Sellers”) and MERRILL LYNCH BANK USA (the “Buyer”) to that certain Master Repurchase Agreement dated as of November 12, 2004 as amended by Amendment No. 1 to Master Repurchase Agreement dated as of May 10, 2005 and Amendment No. 2 to Master Repurchase Agreement dated as of June 1, 2005 (the “Existing Repurchase Agreement”, as amended by this Amendment, the “Repurchase Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Existing Repurchase Agreement.
AMENDMENT NO. 1 TO MASTER REPURCHASE AGREEMENTMaster Repurchase Agreement • November 15th, 2005 • Fieldstone Investment Corp • Real estate investment trusts • New York
This FIRST AMENDMENT TO MASTER REPURCHASE AGREEMENT (this “Amendment”) is dated as of May 10, 2005 and is entered into by and among FIELDSTONE INVESTMENT CORPORATION (“FIC” and a “Seller”), FIELDSTONE MORTGAGE COMPANY (“FMC” and a “Seller”, and together with FIC, the “Sellers””) and MERRILL LYNCH BANK USA (the “Buyer”) to that certain Master Repurchase Agreement dated as of November 12, 2004 (the “Existing Repurchase Agreement”, as amended by this Amendment, the “Repurchase Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Existing Repurchase Agreement.
CREDIT SUISSE, NEW YORK BRANCHPricing Side Letter • November 15th, 2005 • Fieldstone Investment Corp • Real estate investment trusts • New York
Reference is hereby made to, and this side letter (the “Pricing Side Letter”) is hereby incorporated by reference into, the Master Repurchase Agreement, dated as of November 8, 2005, (as amended, supplemented and otherwise modified from time to time, the “Agreement”), among Fieldstone Investment Corporation (a “Seller”), Fieldstone Mortgage Company (a “Seller”) and Credit Suisse, New York Branch (the “Administrative Agent”). Any capitalized term used but not defined herein shall have the meaning assigned to such term in the Agreement.
FIELDSTONE INVESTMENT FUNDING, LLCFee Letter • November 15th, 2005 • Fieldstone Investment Corp • Real estate investment trusts • New York
Reference is hereby made to that certain Funding Agreement, dated as of July 27, 2005 (as amended, supplemented or otherwise modified and in effect from time to time, the “Funding Agreement”), by and among (i) Fieldstone Investment Funding, LLC, a Delaware limited liability company, as borrower (in such capacity, the “Borrower”), (ii) Fieldstone Investment Corporation, a Maryland corporation, individually and as servicer (in such capacity, the “Servicer”), (iii) Credit Suisse, New York Branch (“CSFB”), as facility agent for the benefit of the several group agents and lenders party thereto from time to time (together with its permitted successors and assigns in such capacity, the “Facility Agent”) and as group agent for the lenders having CSFB as a group agent (together with its permitted successors and assigns in such capacity, the “CSFB Group Agent”) and (iv) the several lenders and group agents party thereto from time to time.
CREDIT SUISSE, NEW YORK BRANCH 11 MADISON AVENUE NEW YORK, NEW YORK 10010Funding Agreement • November 15th, 2005 • Fieldstone Investment Corp • Real estate investment trusts
Fieldstone Investment Funding, LLC Fieldstone Investment Corporation 11000 Broken Land Parkway Suite 600 Columbia, Maryland 21044 Attention: Treasurer Phone Number: (410) 772-7275 Fax Number: (410) 772-7299
