0001428205-15-000051 Sample Contracts

FOURTH AMENDED AND RESTATED MANAGEMENT AGREEMENT
Management Agreement • February 24th, 2015 • Armour Residential REIT, Inc. • Real estate investment trusts • Florida

This FOURTH AMENDED AND RESTATED MANAGEMENT AGREEMENT (the “Agreement”) is entered into as of February 23, 2015 by and between (i) ARMOUR RESIDENTIAL REIT, INC., a Maryland corporation (the “REIT”), and (ii) ARMOUR CAPITAL MANAGEMENT LP, a Delaware limited partnership (the “Manager”).

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FIRST AMENDED AND RESTATED SUB-MANAGEMENT AGREEMENT
Sub-Management Agreement • February 24th, 2015 • Armour Residential REIT, Inc. • Real estate investment trusts • Florida

This FIRST AMENDED AND RESTATED SUB-MANAGEMENT AGREEMENT (this “Agreement”), is entered into as of February 23, 2015, by and among (i) ARMOUR CAPITAL MANAGEMENT LP, a Delaware limited partnership (the “Manager”), (ii) STATON BELL BLANK CHECK LLC, a Delaware limited liability company (the “Sub-Manager”), and (iii) ARMOUR RESIDENTIAL REIT, INC., a Maryland corporation, but solely with respect to Sections 1, 6(a), 9(b), 11(a), 11(b), 11(e), 14(a), 14(b), 15, and 18 through 32 (the “REIT”).

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