0000826675-22-000006 Sample Contracts

DYNEX CAPITAL, INC. FORM OF RESTRICTED STOCK UNIT AWARD
Restricted Stock Unit Award • February 28th, 2022 • Dynex Capital Inc • Real estate investment trusts

This Restricted Stock Unit Award Agreement (this “Agreement”) is made as of <<date>> (the “Grant Date”), by Dynex Capital, Inc., a Virginia corporation (the “Company”), to <<name>>, a Key Employee of the Company (the “Participant”).

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DYNEX CAPITAL, INC. FORM OF PERFORMANCE UNIT AWARD
Performance Unit Award • February 28th, 2022 • Dynex Capital Inc • Real estate investment trusts

This Performance Unit Award Agreement (this “Agreement”) is made as of <<date>> (the “Grant Date”), by Dynex Capital, Inc., a Virginia corporation (the “Company”), to <<name>>, a Key Employee of the Company (the “Participant”). Defined terms used in this Agreement without definition shall have the meanings ascribed to them in the Plan (defined below).

AMENDMENT NO. 8 TO MASTER REPURCHASE AND SECURITIES CONTRACT
Master Repurchase and Securities Contract • February 28th, 2022 • Dynex Capital Inc • Real estate investment trusts • New York

AMENDMENT NO. 8 TO MASTER REPURCHASE AND SECURITIES CONTRACT, dated as of January 21, 2022 (this “Amendment”), between and among ISSUED HOLDINGS CAPITAL CORPORATION, a Virginia corporation (the “Seller”), WELLS FARGO BANK, N.A., a national banking association, as buyer (in such capacity, the “Buyer”) and DYNEX CAPITAL, INC., a Virginia corporation having its principal place of business at 4991 Lake Brook Drive, Suite 100, Glen Allen, VA 23060 (“Guarantor”). Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Repurchase Agreement.

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