0001193125-09-096439 Sample Contracts

AMENDED AND RESTATED MANAGEMENT AGREEMENT
Management Agreement • May 1st, 2009 • Thornburg Mortgage Inc • Real estate investment trusts • New Mexico

THIS AMENDED AND RESTATED MANAGEMENT AGREEMENT (the “Agreement”) is entered into as of January 16, 2009 and deemed to be effective as of April 30, 2008 (the “Effective Date”), by and between THORNBURG MORTGAGE, INC., a Maryland corporation (the “Company”), and THORNBURG MORTGAGE ADVISORY CORPORATION, a Delaware corporation (the “Manager”), with respect to the following:

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THORNBURG MORTGAGE, INC.
Management Agreement • May 1st, 2009 • Thornburg Mortgage Inc • Real estate investment trusts

Reference is made to the Amended and Restated Management Agreement (the “Management Agreement”) entered into as of January 16, 2009, and deemed to be effective as of April 30, 2008, by and between Thornburg Mortgage, Inc. (“TMA”) and Thornburg Mortgage Advisory Corporation (the “Manager”), as amended by the letter agreement by and between TMA and the Manager dated April 8, 2009 (the “Letter Amendment”).

THORNBURG MORTGAGE, INC.
Management Agreement • May 1st, 2009 • Thornburg Mortgage Inc • Real estate investment trusts

Reference is made to the Amended and Restated Management Agreement (the “Management Agreement”) entered into as of January 16, 2009, and deemed to be effective as of April 30, 2008, by and between Thornburg Mortgage, Inc. (“TMA”) and Thornburg Mortgage Advisory Corporation (the “Manager”).

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