0001047469-03-007417 Sample Contracts

AMENDMENT NO. 1 TO PROPERTY OPTION AGREEMENT
Property Option Agreement • March 3rd, 2003 • Fog Cutter Capital Group Inc • Real estate investment trusts • New York

AMENDMENT NO. 1 TO PROPERTY OPTION AGREEMENT, dated as of July 17, 2002 (this "Amendment"), by and between Fog Cutter Capital Group Inc., a Maryland corporation (the "Company") and the persons indicated on the signature page(s) and listed on Schedule 1 to the Property Option Agreement (collectively, the "Stockholder"), each a Stockholder of the Company.

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FOG CUTTER LONG TERM VESTING TRUST
Fog Cutter Capital Group Inc • March 3rd, 2003 • Real estate investment trusts • Delaware

This Trust Agreement made as of the lst day of October, 2000 by and between Wilshire Real Estate Investments Inc. (the "Company") and Lawrence Mendelsohn, Andrew Wiederhorn and David Egelhoff (hereinafter referred to, individually and collectively, as the "Trustee" or "Trustees").

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