0001193125-03-069715 Sample Contracts

MANAGEMENT AGREEMENT
Management Agreement • October 30th, 2003 • Luminent Mortgage Capital Inc • Real estate investment trusts • California

THIS MANAGEMENT AGREEMENT (this “Agreement”) is made as of June 11, 2003 (the “Effective Date”), by and between (i) Luminent Mortgage Capital, Inc., a Maryland corporation (the “Company”), and (ii) Seneca Capital Management, LLC, a California limited liability company (the “Manager”).

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EMPLOYMENT AGREEMENT
Restricted Stock Award Agreement • October 30th, 2003 • Luminent Mortgage Capital Inc • Real estate investment trusts • California
COST-SHARING AGREEMENT
Cost-Sharing Agreement • October 30th, 2003 • Luminent Mortgage Capital Inc • Real estate investment trusts

THIS COST-SHARING AGREEMENT (this “Agreement”) is made as of June 11, 2003 (the “Effective Date”), by and between (i) Luminent Mortgage Capital, Inc., a Maryland corporation (the “Company”), and (ii) Seneca Capital Management, LLC, a California limited liability company (the “Manager”).

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