0001160425-03-000030 Sample Contracts

FIRST AMENDMENT TO STOCK OPTIONAGREEMENT FOR NON-EMPLOYEE DIRECTORS
Non-Employee Directors • November 10th, 2003 • Saxon Capital Inc • Mortgage bankers & loan correspondents • Delaware

This First Amendment to the Stock Option Agreement for Non-Employee Directors (this “Amendment”) is made as of September 4, 2003, by and between Saxon Capital, Inc., a Delaware corporation (the “Company”) and [Independent Director] (the “Optionee”).

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