0001423689-16-000085 Sample Contracts

July 1, 2016
Employment Agreement • July 8th, 2016 • American Capital Agency Corp • Real estate investment trusts • Maryland

In connection with the transactions contemplated by the Purchase and Sale Agreement, dated as of May 23, 2016, by and among American Capital Asset Management, LLC, American Capital Mortgage Management, LLC (the “Company”), American Capital, Ltd. (“ACAS”) and American Capital Agency Corp. (“AGNC”) (such agreement, the “Purchase Agreement”), you and the Company hereby agree to the following changes to the Second Amended and Restated Employment Agreement, entered into as of September 22, 2014, by and between the Company and you (the “Employment Agreement”).

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TRANSITION SERVICES AGREEMENT
Transition Services Agreement • July 8th, 2016 • American Capital Agency Corp • Real estate investment trusts

THIS TRANSITION SERVICES AGREEMENT (this “Agreement”) is made as of July 1, 2016, between American Capital, Ltd., a Delaware corporation (“Parent”), American Capital Asset Management, LLC, a Delaware limited liability company (“Seller”), American Capital Mortgage Management, LLC, a Delaware limited liability company (“Company”), and American Capital Agency Corp., a Delaware corporation (“Buyer”). Capitalized terms used but not defined herein (including Section 15) will have the meanings given to them in the Purchase and Sale Agreement, dated as of May 23, 2016, by and among Seller, the Company, Parent and Buyer (the “PSA”).

July 1, 2016
Personal and Confidential • July 8th, 2016 • American Capital Agency Corp • Real estate investment trusts

In connection with the transactions contemplated by the Purchase and Sale Agreement, dated as of May 23, 2016, by and among American Capital Asset Management, LLC, American Capital Mortgage Management, LLC (the “Company”), American Capital, Ltd. (“ACAS”) and American Capital Agency Corp. (“AGNC”), you and the Company hereby agree to the following changes to the Employment Letter, dated as of December 1, 2015, by and between the Company and you (the “Employment Letter”).

July 1, 2016
Personal And • July 8th, 2016 • American Capital Agency Corp • Real estate investment trusts

In connection with the Purchase and Sale Agreement, dated as of May 23, 2016, by and among American Capital Asset Management, LLC, American Capital Mortgage Management, LLC (the “Company”), American Capital, Ltd. and American Capital Agency Corp., the Company has approved the payment of two retention bonuses to you. This letter agreement sets forth the terms and conditions of these two retention bonuses, including the requirements that you must meet in order to receive each of them.

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