Document:

EX-10.1

FIRST AMENDMENT, dated as of July 10, 2008 (this “Amendment”),
to the Amended and Restated Five-Year Competitive Advance and Revolving
Credit Facility Agreement, dated as of August 9, 2007 (the “Credit
Agreement”), among The Hartford Financial Services Group, Inc. (the
“Company”), the Borrowing Subsidiaries from time to time party thereto,
the lenders named therein, and Bank of America, N.A., as administrative
agent for the lenders (the “Administrative Agent”).

WHEREAS, the Company, the Administrative Agent and the Lenders have agreed to amend the Credit
Agreement as set forth below.

NOW, THEREFORE, in consideration of the foregoing and the mutual agreements set forth herein,
the parties hereto, intending to be legally bound, agree as follows:

SECTION 1. Defined Terms. Each capitalized term used but not defined herein shall
have the meaning assigned to it in the Credit Agreement as amended hereby.

SECTION 2. Amendment to Credit Agreement. The first sentence of Section 2.25 of the
Credit Agreement shall be replaced in its entirety by the following:

“The Company may, on no more than two occasions during the term of this
Agreement, by written notice delivered to the Administrative Agent (a copy of
which shall be promptly delivered to each Lender), request that the Lenders extend
the Maturity Date for a period of one year from the Maturity Date then in effect,
such extension to become effective on the date specified in such notice, which
shall be not fewer than 30 days after the date of such notice.”

SECTION 3. Representations and Warranties. The Company, hereby represents and
warrants to each Lender that:

(a) the representations and warranties set forth in Article III of the Credit Agreement are
true and correct in all material respects on and as of the date hereof and after giving effect to
this Amendment, with the same effect as if made on and as of such date, except to the extent such
representations and warranties expressly relate to an earlier date, in which case they were true
and correct in all material respects as of such earlier date; and

(b) as of the date hereof, no Default or Event of Default has occurred and is continuing.

SECTION 4. Effectiveness. This Amendment shall become effective as of the first date
on which the Administrative Agent shall have received duly executed counterparts hereof that, when
taken together, bear the authorized signatures of the Company and Lenders constituting at least the
Required Lenders.

SECTION 5. Credit Agreement. Except as specifically set forth in this Amendment, the
Credit Agreement shall remain in full force and effect.

SECTION 6. Applicable Law. This Amendment shall be construed in accordance with and
governed by the laws of the State of New York.

SECTION 7. Counterparts. This Amendment may be executed in counterparts, each of
which shall constitute an original but all of which, when taken together, shall constitute a single
contract. Delivery of an executed signature page of this Amendment by facsimile transmission or
other electronic imaging means shall be as effective as delivery of a manually signed counterpart
of this Amendment.

1

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their
respective authorized officers of the day and year first written above.

	 	 	 
	THE HARTFORD FINANCIAL SERVICES GROUP, INC.,

	by

	
 
	 	/s/ John N. Giamalis
	
 
	 	 
	
 
	 	Name: John N. Giamalis
	
 
	 	Title: Senior Vice President and

Treasurer

	 	 	 
	BANK OF AMERICA, N.A.,
	as Administrative Agent,
	by
	/s/ Aamir Saleem
	Name: Aamir Saleem
	Title: Vice President

2

	 	 	SIGNATURE PAGE TO AMENDMENT DATED AS OF JULY 10,
2008, TO THE HARTFORD FINANCIAL SERVICES GROUP, INC.
AMENDED AND RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND
REVOLVING CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9,
2007.

Name of Lender: ABN Amro Bank N.V.

	 	 	 	 	 
	by

	 	

	 	

	 	 	/s/ Michael DeMarco
	 	 	 
	
 
	 	Name:

Title:
	 	Michael DeMarco

Vice President

	 	 	 	 	 
	by1
	 	 	/s/	 	 	Andrew C. Salerno
	 	 	Name:	Andrew C. Salerno
	 	 	Title: Director

3

	 	 	SIGNATURE PAGE TO AMENDMENT DATED AS OF JULY 10,
2008, TO THE HARTFORD FINANCIAL SERVICES GROUP, INC.
AMENDED AND RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND
REVOLVING CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9,
2007.

Name of Lender: Bank of America N.A.

	 	 	 	 	 
	by

	 	

	 	

	 	 	/s/ Jason Cassity
	 	 	 
	
 
	 	Name:

Title:
	 	Jason Cassity

Vice President

4

	 	 	SIGNATURE PAGE TO AMENDMENT DATED AS OF JULY 10,
2008, TO THE HARTFORD FINANCIAL SERVICES GROUP, INC.
AMENDED AND RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND
REVOLVING CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9,
2007.

Name of Lender: The Bank of New York

	 	 	 	 	 
	by

	 	

	 	

	 	 	/s/ Richard G. Shaw
	 	 	 
	
 
	 	Name:

Title:
	 	Richard G. Shaw

Vice President

5

	 	 	SIGNATURE PAGE TO AMENDMENT DATED AS OF JULY 10,
2008, TO THE HARTFORD FINANCIAL SERVICES GROUP, INC.
AMENDED AND RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND
REVOLVING CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9,
2007.

Name of Lender: Branch Banking and Trust Company

	 	 	 	 	 
	by

	 	

	 	

	 	 	/s/ Robert M. Searson
	 	 	 
	
 
	 	Name:

Title:
	 	Robert M. Searson

Senior Vice President

6

	 	 	SIGNATURE PAGE TO AMENDMENT DATED AS OF JULY 10,
2008, TO THE HARTFORD FINANCIAL SERVICES GROUP, INC.
AMENDED AND RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND
REVOLVING CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9,
2007.

Name of Lender: CITIBANK, N.A.

	 	 	 	 	 
	by

	 	

	 	

	 	 	/s/ Maria Hackley
	 	 	 
	
 
	 	Name:

Title:
	 	Maria Hackley

Managing Director

7

	 	 	SIGNATURE PAGE TO AMENDMENT DATED AS OF JULY 10,
2008, TO THE HARTFORD FINANCIAL SERVICES GROUP, INC.
AMENDED AND RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND
REVOLVING CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9,
2007.

Name of Lender: Deutsche Bank AG New York Branch

	 	 	 	 	 
	by

	 	

	 	

	 	 	/s/ Richard Herder
	 	 	 
	
 
	 	Name:

Title:
	 	Richard Herder

Managing Director

	 	 	 	 	 
	by1
	 	 	/s/	 	 	Michael Campites
	 	 	Name:	Michael Campites
	 	 	Title:	Vice President

8

	 	 	SIGNATURE PAGE TO AMENDMENT DATED AS OF JULY 10,
2008, TO THE HARTFORD FINANCIAL SERVICES GROUP, INC.
AMENDED AND RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND
REVOLVING CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9,
2007.

	 	 	 	Name of Lender: Greenwich Capital Markets, Inc., as
agent for

The Royal Bank of Scotland plc

	 	 	 	 	 
	by

	 	

	 	

	 	 	/s/ George J. Urban
	 	 	 
	
 
	 	Name:

Title:
	 	George J. Urban

Vice President

9

	 	 	SIGNATURE PAGE TO AMENDMENT DATED AS OF JULY 10,
2008, TO THE HARTFORD FINANCIAL SERVICES GROUP, INC.
AMENDED AND RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND
REVOLVING CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9,
2007.

Name of Lender: JPMORGAN CHASE BANK, N.A.

	 	 	 	 	 
	by

	 	

	 	

	 	 	/s/ Melvin D. Jackson
	 	 	 
	
 
	 	Name:

Title:
	 	Melvin D. Jackson

Vice President

10

	 	 	SIGNATURE PAGE TO AMENDMENT DATED AS OF JULY 10,
2008, TO THE HARTFORD FINANCIAL SERVICES GROUP, INC.
AMENDED AND RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND
REVOLVING CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9,
2007.

Name of Lender: Sumitomo Mitsui Banking Corporation

	 	 	 	 	 
	by

	 	

	 	

	 	 	/s/ Yoshihiro Hyakutome
	 	 	 
	
 
	 	Name:

Title:
	 	Yoshihiro Hyakutome

General Manager

11

	 	 	SIGNATURE PAGE TO AMENDMENT DATED AS OF JULY 10,
2008, TO THE HARTFORD FINANCIAL SERVICES GROUP, INC.
AMENDED AND RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND
REVOLVING CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9,
2007.

Name of Lender: SunTrust Banks

	 	 	 	 	 
	by

	 	

	 	

	 	 	/s/ W. Bradley Hamilton
	 	 	 
	
 
	 	Name:

Title:
	 	W. Bradley Hamilton

Director

12

	 	 	SIGNATURE PAGE TO AMENDMENT DATED AS OF JULY 10,
2008, TO THE HARTFORD FINANCIAL SERVICES GROUP, INC.
AMENDED AND RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND
REVOLVING CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9,
2007.

Name of Lender: US Bank, National Association

	 	 	 	 	 
	by

	 	

	 	

	 	 	/s/ Patrick McGraw
	 	 	 
	
 
	 	Name:

Title:
	 	Patrick McGraw

Vice President

13

	 	 	SIGNATURE PAGE TO AMENDMENT DATED AS OF JULY 10,
2008, TO THE HARTFORD FINANCIAL SERVICES GROUP, INC.
AMENDED AND RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND
REVOLVING CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9,
2007.

Name of Lender: Wachovia Bank, National Association

	 	 	 	 	 
	by

	 	

	 	

	 	 	/s/ Michelle Dagenhart
	 	 	 
	
 
	 	Name:

Title:
	 	Michelle Dagenhart

Vice President

14

	 	 	SIGNATURE PAGE TO AMENDMENT DATED AS OF JULY 10,
2008, TO THE HARTFORD FINANCIAL SERVICES GROUP, INC.
AMENDED AND RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND
REVOLVING CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9,
2007.

	 	 	 	 	 
	Name of Lender:The Bank of Tokyo-Mitsubishi UFJ, Ltd.,

	New York Branch

	 	

	 	

	by

	 	

/s/ Scott Schaffer
	 	

	 	 	 
	
 
	 	Name:

Title:
	 	Scott Schaffer

Authorized Signatory

15

	 	 	SIGNATURE PAGE TO AMENDMENT DATED AS OF JULY 10,
2008, TO THE HARTFORD FINANCIAL SERVICES GROUP, INC.
AMENDED AND RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND
REVOLVING CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9,
2007.

Name of Lender:  UBS Loan Finance LLC

	 	 	 	 	 
	by

	 	

	 	

	 	 	/s/ Irja R. Otsa
	 	 	 
	
 
	 	Name:

Title:
	 	Irja R. Otsa

Associate Director

	 	 	 	 	 
	by1
	 	 	/s/	 	 	Mary E. Evans
	 	 	Name:	Mary E. Evans
	 	 	Title:	Associate Director

16

	 	 	SIGNATURE PAGE TO AMENDMENT DATED AS OF JULY 10,
2008, TO THE HARTFORD FINANCIAL SERVICES GROUP, INC.
AMENDED AND RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND
REVOLVING CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9,
2007.

Name of Lender: Wells Fargo Bank, National Association

	 	 	 	 	 
	by

	 	

	 	

	 	 	/s/ Beth C. McGinnis
	 	 	 
	
 
	 	Name:

Title:
	 	Beth C. McGinnis

Senior Vice President

17

	 	 	SIGNATURE PAGE TO AMENDMENT DATED AS OF JULY 10,
2008, TO THE HARTFORD FINANCIAL SERVICES GROUP, INC.
AMENDED AND RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND
REVOLVING CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9,
2007.

Name of Lender: State Street Bank and Trust Company

	 	 	 	 	 
	by

	 	

	 	

	 	 	/s/ Edward M. Anderson
	 	 	 
	
 
	 	Name:

Title:
	 	Edward M. Anderson

Vice President

18

	 	 	SIGNATURE PAGE TO AMENDMENT DATED AS OF JULY 10,
2008, TO THE HARTFORD FINANCIAL SERVICES GROUP, INC.
AMENDED AND RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND
REVOLVING CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9,
2007.

	 	 	 	Name of Lender: William Street Commitment
Corporation (Recourse only to the assets of William Street Commitment
Corporation)

	 	 	 	 	 
	by

	 	

	 	

	 	 	/s/ Mark Walton
	 	 	 
	
 
	 	Name:

Title:
	 	Mark Walton

Assistant Vice President

19

	 	 	SIGNATURE PAGE TO AMENDMENT DATED AS OF JULY 10,
2008, TO THE HARTFORD FINANCIAL SERVICES GROUP, INC.
AMENDED AND RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND
REVOLVING CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9,
2007.

Name of Lender: Webster Bank, National Association

	 	 	 	 	 
	by

	 	

	 	

	 	 	/s/ Lawrence Davis
	 	 	 
	
 
	 	Name:

Title:
	 	Lawrence Davis

Vice President

20

	 	 	SIGNATURE PAGE TO AMENDMENT DATED AS OF JULY 10,
2008, TO THE HARTFORD FINANCIAL SERVICES GROUP, INC.
AMENDED AND RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND
REVOLVING CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9,
2007.

Name of Lender: Credit Suisse, Cayman Islands Branch

	 	 	 	 	 
	by

	 	

	 	

	 	 	/s/ Jay Chall
	 	 	 
	
 
	 	Name:

Title:
	 	Jay Chall

Director

	 	 	 	 	 
	by1
	 	 	/s/	 	 	Gilberto Fontela
	 	 	Name:	Gilberto Fontela
	 	 	Title:	Assistant Vice President

21

	 	 	SIGNATURE PAGE TO AMENDMENT DATED AS OF JULY 10,
2008, TO THE HARTFORD FINANCIAL SERVICES GROUP, INC.
AMENDED AND RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND
REVOLVING CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9,
2007.

Name of Lender: Lehman Commercial Paper Inc.

	 	 	 	 	 
	by

	 	

	 	

	 	 	/s/ Rohit Nair
	 	 	 
	
 
	 	Name:

Title:
	 	Rohit Nair

Authorized Signatory

22

	 	 	SIGNATURE PAGE TO AMENDMENT DATED AS OF JULY 10,
2008, TO THE HARTFORD FINANCIAL SERVICES GROUP, INC.
AMENDED AND RESTATED FIVE-YEAR COMPETITIVE ADVANCE AND
REVOLVING CREDIT FACILITY AGREEMENT DATED AS OF AUGUST 9,
2007.

Name of Lender: HSBC Bank USA, N.A.

	 	 	 	 	 
	by

	 	

	 	

	 	 	/s/ Lawrence Karp
	 	 	 
	
 
	 	Name:

Title:
	 	Lawrence Karp

Senior Vice President

	 	1	 	For any Lender requiring a second signature line.

23ex10_1.htm

    Exhibit 10.1

    
 

    
      AMENDMENT
NO. 2 TO GUARANTY

      

      

      AMENDMENT
NO. 2 TO GUARANTY, dated as of July 8, 2008 (this “Amendment”), by and
between ANTHRACITE CAPITAL, INC., a Maryland corporation whose address is 40
East 52nd Street,
New York, New York 10022 (collectively, “Guarantor”) and
DEUTSCHE BANK AG, CAYMAN ISLANDS BRANCH, a branch of a foreign banking
institution whose address is 60 Wall Street, New York, New York 10005 (“Buyer”). Capitalized
terms used but not otherwise defined herein shall have the meanings given to
them in the Guaranty (as hereinafter defined).

      

      RECITALS

      

      WHEREAS,
Anthracite Funding, LLC (“Seller”), AHR Capital
DB Limited (Removed
Seller”), Buyer and Deutsche Bank AG, London Branch (“Removed Buyer”) are
parties to that certain Master Repurchase Agreement and Annex I to Master
Repurchase Agreement Supplemental Terms And Conditions, dated as of December 23,
2004, as supplemented by the English Loan Supplement dated December 23, 2004,
the Joinder, dated August 24, 2005, and the Joinder, dated October 24, 2005, and
as amended by that certain Amendment No. 1 to Annex I to Master Repurchase
Agreement Supplemental Terms and Conditions, dated February 8, 2007 (and as
otherwise amended, restated, supplemented or otherwise modified from time to
time, the “Repurchase
Agreement”); and

      

      WHEREAS,
Guarantor has entered into that certain Guaranty, dated December 23, 2004, in
favor of Buyer, as amended by that certain Amendment to Guaranty dated as of
February 27, 2007, whereby Guarantor guaranties all of Seller’s obligation to
Buyer under the Repurchase Agreement (and as otherwise amended, restated,
supplemented or otherwise modified from time to time, the “Guaranty”)

      

      WHEREAS,
Buyer, Removed Buyer, Seller and Removed Seller desire to amend the terms of the
Repurchase Agreement pursuant to that certain Amendment No. 2 To Master
Repurchase Agreement And Annex I To Master Repurchase Agreement Supplemental
Terms And Conditions, dated as of the date hereof (the “Amendment to
MRA”);

      

      WHEREAS,  pursuant
to the Amendment to MRA Removed Buyer and Removed Seller are no longer parties
to the Transaction Documents (as defined in the Repurchase
Agreement);

      

      WHEREAS,
Buyer has requested, that as condition to the Amendment to MRA, Guarantor enter
into the Amendment; and

      

      WHEREAS,
Buyer and Guarantor desire to amend the Guaranty as more particularly set forth
herein.

      

      NOW
THEREFORE, in consideration of the premises and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
Seller and Buyer hereby agree as follows:

       

      
 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      SECTION 1. Amendments.

      

      (a)       
Section 1 of the Guaranty is hereby amended by adding the following
definitions:

      

      "Committed Facility"
shall mean a credit facility under which Guarantor is a borrower and a party
acceptable to Buyer is lender, whereby (i) the lender thereunder is
unconditionally committed to make advances to Guarantor upon request by
Guarantor (other than any conditions acceptable to Buyer); (ii) no event of
default (or event which with notice or the passage of time, or both, would
constitute an event of default) has occurred thereunder; and (iii) the period
where such advances may be requested expires more than ninety (90) days from the
date of determination.

       

      “Marketable
Securities” means any of the following:

       

      (i)           100%
of the market value of negotiable debt obligations issued by the U.S. Treasury
Department having a remaining maturity of less than 1 year; or

       

      (ii)           95%
of the market value of negotiable debt obligations issued by the U.S. Treasury
Department having a remaining maturity of 1-10 years; or

       

      (iii)           90%
of the market value of negotiable debt obligations issued by the U.S. Treasury
Department having a remaining maturity of more than 10 years; or

       

      (iv)           90%
of the market value of single-class mortgage participation certificates ("FHLMC
Certificates") in book-entry form backed by single-family residential mortgage
loans, the full and timely payment of interest at the applicable certificate
rate and the ultimate collection of principal of which are guaranteed by the
Federal Home Loan Mortgage Corporation (excluding Real Estate Mortgage
Investment Conduit ("REMIC") or other multi-class pass-through certificates,
collateralized mortgage obligations, pass-through certificates backed by
adjustable rate mortgages, securities paying interest or principal only and
similar derivative securities); or

       

      (v)           90%
of the market value of single-class mortgage pass-through certificates ("FNMA
Certificates") in book-entry form backed by single-family residential mortgage
loans, the full and timely payment of interest at the applicable certificate
rate and ultimate collection of principal of which are guaranteed by the Federal
National Mortgage Association (excluding REMIC or other multi-class pass-through
certificates, pass-through certificates backed by adjustable rate mortgages
collateralized mortgage obligations, securities paying interest or principal
only and similar derivative securities); or

       

      (vi)           90%
of the market value of single-class fully modified pass-through certificates
("GNMA Certificates" in book-entry form backed by single-family residential
mortgage loans, the full and timely payment of principal and interest of which
is guaranteed by the Government National Mortgage Association (excluding REMIC
or other multi-class pass-through certificates, collateralized 

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      mortgage
obligations, pass-through certificates backed by adjustable rate mortgages,
securities paying interest or principal only and similar derivatives
securities); or

       

      (vii)          85%
of all actively and regularly traded investment-grade residential
mortgage-backed securities; or

       

      (viii)         such
other collateral as Guarantor and Buyer may agree, with such valuation
percentage applied thereto as Buyer, in its sole discretion acting in good faith
shall deem appropriate.

       

      “Restructure Date”
shall mean July 8, 2008.

       

      (b)       Section
5 of the Guaranty is hereby replaced in its entirety as follows:

      

      5.         Certain Financial
Covenants.

       

      (a)           Guarantor
shall not permit with respect to itself any of the following to be breached, as
determined on a consolidated basis in conformity with GAAP:

       

      (i)        
   Tangible Net Worth.
As of the end of any quarter, the Tangible Net Worth of the Guarantor to be less
than the sum of (i) $400,000,000 plus (ii) an amount equal to 75% of any equity
proceeds received by Guarantor on or after the Restructure Date;

       

      (ii)           Quarterly Tangible Net Worth
Maintenance. As of any date, the Tangible Net Worth of the Guarantor to
decline by 20% or more from Guarantor’s Tangible Net Worth as of the last
Business Day in the third month preceding such date;

       

      (iii)           Yearly Tangible Net Worth
Maintenance. As of any date, the Tangible Net Worth of the Guarantor to
decline by 40% or more from Guarantor’s Tangible Net Worth as of the last
Business Day in the twelfth month preceding such date;

       

      (iv)           Minimum Debt Service
Coverage. As of the end of any quarter, the Debt Service Coverage to be
less than 1.4 to 1.0;

       

      (v)           Minimum Liquidity. As
of any date, the sum of the Guarantor’s (x) cash, (y) Marketable Securities, and
(z) subject to the following proviso, availability under
any Committed Facility that is unrestricted and not subject to Liens, to be less
than 5.0% of the Guarantor’s Indebtedness which is subject to mark-to-market
provisions; provided, however ̧ that the maximum amount of
availability under any Committed Facility that is unrestricted and not subject
to Liens that may be included for purposes of satisfying the requirements of
this Section 5(a)(v) shall not exceed 1.25% 

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      of
the Guarantor’s Indebtedness which is subject to mark-to-market
provisions;

       

      (vi)           Maintenance of Ratio of
Recourse Indebtedness to Tangible Net Worth.  As of the end of
any quarter, the ratio of Indebtedness which is recourse to the Guarantor to the
Tangible Net Worth of the Guarantor to be greater than 3:1; and

       

      (vii)          Minimum Net Income.
Guarantor’s net income to be less than $1.00 for any two consecutive calendar
quarters.

       

      (b)         
 Guarantor agrees that with respect to any financing agreement (including,
but not limited to, a credit agreement) or guaranty which the Guarantor enters
into and delivers after the date hereof which contains financial covenants that
are applicable to the Guarantor, Guarantor shall deliver a certified copy of
such agreement or guaranty (each, a “Subsequent Guaranty”)
to Buyer.

       

      SECTION
2.      Affirmation of
Guaranty. Guarantor hereby represents, warrants and covenants to Buyer
that (a) it has no offset, counterclaim or defense with respect to either the
Repurchase Agreement or the Guaranty and (b) each of the Repurchase Agreement
and the Guaranty is valid and existing and in full force and effect; (iii) all
references in the Guaranty to the Repurchase Agreement are to the Repurchase
Agreement, as defined herein. Additionally, Guarantor hereby ratifies, confirms
and reaffirms each and every covenant, condition, term and obligation contained
in the Guaranty, and that the Guaranty is valid and existing in full force and
effect.

       

      SECTION
3.      Representation and
Warranties. Guarantor hereby represents, covenants and warrants to Buyer
that the representations and warranties contained in the Guaranty are true and
correct as of the date hereof.

       

      SECTION
3.      Conditions
Precedent.  This Amendment and its provisions shall become
effective on the first date on which this Amendment is executed and delivered by
a duly authorized officer of each of the Seller and the Buyer (the “Amendment Effective
Date”).

       

      

      SECTION 4.     
Counterparts. This
Amendment may be executed by each of the parties hereto on any number of
separate counterparts, each of which shall be an original and all of which taken
together shall constitute one and the same instrument. Delivery of an executed
counterpart of a signature page to this Amendment in Portable Document Format
(PDF) or by facsimile transmission shall be effective as delivery of a manually
executed original counterpart thereof.

       

      

             SECTION
5.     GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY,
AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed and delivered as of the day and year first above written.

    

    

    
      	 
      	 
      	
              GUARANTOR

            
	 
      	 
      	 
      
	 
      	 
      	
              ANTHRACITE
      CAPITAL, INC.,

            
	 
      	 
      	
              a
      Maryland corporation

            
	 
      	 
      	 
      
	 
      	 
      	
              By:

            	
              /s/
      Richard Shea

            
	 
      	 
      	 
      	
              Name:  Richard
      Shea

            
	 
      	 
      	 
      	
              Title:    President

            
	 
      	 
      	 
      	 
      

    

    

    

    

    

    

    ACKNOWLEDGED
AND AGREED TO

    BY:

    

    
      	
              ANTHRACITE
      FUNDING, LLC, a

            	 
      
	
              Delaware
      limited liability company

            	 
      
	 
      	 
      	 
      
	
              By:

            	
              Anthracite
      Capital, Inc., a Maryland

            
	 
      	
              corporations,
      its sole member

            
	 
      	 
      
	 
      	
              By:

            	
              /s/
      Richard Shea

            	
               

            
	 
      	 
      	
              Name:  Richard
      Shea

            
	 
      	 
      	
              Title:    
      President

            
	 
      	 
      	 
      
	 
      	 
      	 
      
	
              AHR
      CAPITAL DB LIMITED,

            
	
              an
      Irish private limited company

            
	 
      
	
              By:

            	
              /s/
      Richard Shea

            	 
      
	 
      	
              Name:  Richard
      Shea

            	 
      
	 
      	
              Title:   
       Director

            	 
      

    

    

    [SIGNATURES
CONTINUE ON FOLLOWING PAGE]

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    

    
      	
              DEUTSCHE
      BANK AG, CAYMAN

            
	
              ISLANDS
      BRANCH

            
	 
      
	
              By:

            	
              /s/
      Christopher E. Tognola

            	
               

            
	 
      	
              Name:  Christopher
      E. Tognola

            
	 
      	
              Title:    
      Managing Director

            
	 
      	 
      
	
              By:

            	
              /s/
      Christine Belbusti

            	
               

            
	 
      	
              Name:  Christine
      Belbusti

            
	 
      	
              Title:   
       Director

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00144-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00144-of-00352.parquet"}]]