0001104659-06-053055 Sample Contracts

IMPAC MORTGAGE HOLDINGS, INC. GUARANTY
Guaranty • August 9th, 2006 • Impac Mortgage Holdings Inc • Real estate investment trusts • California

This Guaranty, dated as of May 1, 2006, is executed by Impac Mortgage Holdings, Inc., a Maryland corporation (“Guarantor”), in favor of William D. Endresen (“Executive”).

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EMPLOYMENT AGREEMENT
Employment Agreement • August 9th, 2006 • Impac Mortgage Holdings Inc • Real estate investment trusts • California
AMENDMENT NO. 2 TO EMPLOYMENT AGREEMENT
Employment Agreement • August 9th, 2006 • Impac Mortgage Holdings Inc • Real estate investment trusts

This AMENDMENT NO. 2 TO EMPLOYMENT AGREEMENT (the “Amendment”), is made as of May 1, 2006, by and between Impac Funding Corporation, a California Corporation (“Employer”), and Richard J. Johnson, an individual (“Employee”). Capitalized terms used herein and not defined shall have the meanings given to them in the Employment Agreement, as amended (the “Employment Agreement”), dated as of April 1, 2003, between Employer and Employee.

AMENDMENT NO. 2 TO EMPLOYMENT AGREEMENT
Employment Agreement • August 9th, 2006 • Impac Mortgage Holdings Inc • Real estate investment trusts

This AMENDMENT NO. 2 TO EMPLOYMENT AGREEMENT (the “Amendment”), is made as of May 1, 2006, by and between Impac Funding Corporation, a California Corporation (“Employer”), and William S. Ashmore, an individual (“Employee”). Capitalized terms used herein and not defined shall have the meanings given to them in the Employment Agreement, as amended (the “Employment Agreement”), dated as of April 1, 2003, between Employer and Employee.

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