AGREEMENTAgreement • July 2nd, 2009 • Bimini Capital Management, Inc. • Real estate investment trusts • Florida
THIS AGREEMENT (the “Agreement”) is made and entered into this 30th day of June, 2009, between BIMINI CAPITAL MANAGEMENT, INC., a Maryland corporation (the “Company”) and ROBERT E. CAULEY (“Executive”). This Agreement replaces and supersedes the Severance Agreement between the Company and the Executive dated as of December 18, 2008. Certain capitalized terms used in this Agreement are defined in Section 7.
