0001299933-05-006884 Sample Contracts

CONSULTING AGREEMENT
Consulting Agreement • December 30th, 2005 • New Century Financial Corp • Real estate investment trusts • California

This Consulting Agreement (“Consulting Agreement”) is entered into by and between New Century Financial Corporation (the “Company”) and Patrick J. Flanagan (“Consultant”), as of the 1st day of July 2006.

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AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • December 30th, 2005 • New Century Financial Corp • Real estate investment trusts • California

This Amended and Restated Employment Agreement (this “Agreement”) is effective as of December 27, 2005 (the “Effective Date”) between New Century Financial Corporation, a Maryland corporation (the “Company”), and Patrick J. Flanagan (“Executive”) and, as of the Effective Date, supersedes all prior employment agreements between Executive and the Company.

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