0001193125-03-079894 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • November 13th, 2003 • Anworth Mortgage Asset Corp • Real estate investment trusts • California

THIS EMPLOYMENT AGREEMENT (this “Agreement”), dated as of November 3, 2003, is by and between, BT MANAGEMENT COMPANY, L.L.C., a Delaware limited liability company (the “Company”), and Claus Lund (the “Executive”).

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MANAGEMENT AGREEMENT
Management Agreement • November 13th, 2003 • Anworth Mortgage Asset Corp • Real estate investment trusts • California

THIS MANAGEMENT AGREEMENT, is entered into as of November 3, 2003, by and between BELVEDERE TRUST MORTGAGE CORPORATION, a Maryland corporation (hereinafter referred to as the “Company”), and BT MANAGEMENT COMPANY, LLC, a Delaware limited liability company (hereinafter referred to as the “Manager”), with respect to the following:

BT MANAGEMENT COMPANY, L.L.C. OPERATING AGREEMENT
Operating Agreement • November 13th, 2003 • Anworth Mortgage Asset Corp • Real estate investment trusts • Delaware

This OPERATING AGREEMENT (the “Agreement”) is entered into and shall be effective as of November 3, 2003 with respect to BT Management Company, L.L.C., a Delaware limited liability company (the “Company”), by and among the Persons who are identified as Members on Schedule 2.1 attached hereto and who have executed a counterpart of this Agreement as Members pursuant to the provisions of the Act. Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in Section 15.

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