0001193125-05-029697 Sample Contracts

REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • February 15th, 2005 • JER Investors Trust Inc • New York

THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made and entered into as of June 4, 2004, by and among JER INVESTORS TRUST INC., a Maryland corporation (the “Company”), JER COMMERCIAL DEBT ADVISORS LLC, a Delaware limited liability company (the “Manager”), FRIEDMAN, BILLINGS, RAMSEY AND CO., INC., a Delaware corporation (“FBR”), and the HOLDERS (as defined below).

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