Document:

<PAGE>
                                                                   Exhibit 10.89

                                                                  EXECUTION COPY

                         AMENDED AND RESTATED AGREEMENT

                                  BY AND AMONG

                         NEW YORK MORTGAGE TRUST, INC.,
                             A MARYLAND CORPORATION

                       THE NEW YORK MORTGAGE COMPANY, LLC,
                      A NEW YORK LIMITED LIABILITY COMPANY

                             STEVEN B. SCHNALL, AND

                                JOSEPH V. FIERRO

                                 April 29, 2004
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                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                          Page
<S>                                                                                       <C>
ARTICLE I REPAYMENT OF NOTES............................................................   1
         1.1        Obligations of NYMT and NYMC........................................   1
         1.2        Payment and Delivery Instructions...................................   2

ARTICLE II REPRESENTATIONS AND WARRANTIES...............................................   2
         2.1        Representations and Warranties by NYMT..............................   2
         2.2        Representations and Warranties by NYMC..............................   2
         2.3        Representations and Warranties by Schnall and Fierro................   3

ARTICLE III CONDITIONS PRECEDENT TO THE CLOSING.........................................   3
         3.1        Conditions to NYMT's Obligations....................................   3
         3.2        Conditions to NYMC's Obligations....................................   3

ARTICLE IV CLOSING AND CLOSING DOCUMENTS................................................   4
         4.1        Closing.............................................................   4
         4.2        Schnall's and Fierro's Deliveries...................................   4
         4.3        NYMT's Deliveries...................................................   4
         4.4        NYMC's Deliveries...................................................   4
         4.5        Fees and Expenses; Closing Costs....................................   5

ARTICLE V MISCELLANEOUS.................................................................   5
         5.1        Notices.............................................................   5
         5.2        Entire Agreement; Modifications and Waivers; Cumulative Remedies....   6
         5.3        Successors and Assigns..............................................   7
         5.4        Article Headings....................................................   7
         5.5        Governing Law.......................................................   7
         5.6        Counterparts........................................................   7
         5.7        Survival............................................................   7
         5.8        Further Acts........................................................   8
         5.9        Severability........................................................   8
         5.10       Attorneys' Fees.....................................................   8
</TABLE>
<PAGE>
                         AMENDED AND RESTATED AGREEMENT

      THIS AMENDED AND RESTATED AGREEMENT (this "Agreement"), made as of the
29th day of April, 2004, by and among NEW YORK MORTGAGE TRUST, INC., a Maryland
corporation ("NYMT"), THE NEW YORK MORTGAGE COMPANY, LLC, a New York limited
liability company ("NYMC"), STEVEN B. SCHNALL, an individual ("Schnall") and
JOSEPH V. FIERRO, an individual ("Fierro"), amends and restates in its entirety
that certain Agreement, dated as of the 23rd day of December, 2003, by and among
NYMT, NYMC, Schnall and Fierro.

                                    RECITALS

      A. NYMT has filed a registration statement on Form S-11, as amended, in
connection with the proposed initial public offering of the common stock, par
value $0.01 per share, of NYMT ("Common Stock"), which initial public offering
(the "IPO").

      B. Schnall holds a promissory note, dated August 31, 2003, as amended and
restated on December 23, 2003, and as further amended and restated on February
26, 2004, in the principal amount of $11,432,550.00, due and payable by NYMC no
later than April 30, 2004 (the "Schnall Note") and Fierro holds a promissory
note, dated August 31, 2003, as amended and restated on December 23, 2003, and
as further amended and restated on February 26, 2004, in the principal amount of
$2,274,352.00, due and payable by NYMC no later than April 30, 2004 (the "Fierro
Note" and, together with the Schnall Note, the "Notes").

      C. NYMT desires to fund the repayment by NYMC of the Notes, to the extent
they are still outstanding as of the closing date of the IPO (the "Closing
Date"), by contributing to NYMC funds in an amount sufficient to effect such
repayments out of the net proceeds of the IPO.

      D. Schnall and Fierro desire to grant NYMC an extension of the maturity
dates of the Notes to the Closing Date.

                                    AGREEMENT

      NOW, THEREFORE, for and in consideration of the mutual covenants herein
contained, the parties hereto agree as follows:

                                    ARTICLE I

                               REPAYMENT OF NOTES

      1.1 Obligations of NYMT and NYMC.

      NYMT hereby agrees to contribute to NYMC on the Closing Date out of the
net proceeds received by NYMT from the IPO an amount sufficient to enable NYMC
to pay in full, and
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NYMC hereby agrees to pay in full promptly upon receipt of such contribution,
the entire principal and all accrued but unpaid interest under the Notes
outstanding as of the Closing Date in accordance with the terms thereof.

      1.2 Payment and Delivery Instructions

      Schnall and Fierro shall each provide written instructions to NYMT and
NYMC at least 48 hours prior to the Closing Date setting out wire transfer
instructions for the payments specified in Section 1.1.

                                   ARTICLE II

                         REPRESENTATIONS AND WARRANTIES

      2.1 Representations and Warranties by NYMT.

      NYMT hereby represents and warrants to NYMC, Schnall and Fierro as of the
date of this Agreement and as of the Closing Date as follows:

            (a) Organization and Power. NYMT is duly organized, validly
existing, and in good standing under the laws of the State of Maryland, and has
full right, power, and authority to enter into this Agreement and to assume and
perform all of its obligations under this Agreement; and, the execution and
delivery of this Agreement and the performance by NYMT of its obligations
hereunder have been duly authorized by all requisite action of NYMT and require
no further action or approval of NYMT's stockholders or of any other individuals
or entities in order to constitute this Agreement as a binding and enforceable
obligation of NYMT.

            (b) Noncontravention. Neither the entry into nor the performance of,
or compliance with, this Agreement by NYMT has resulted, or will result, in any
violation of, or default under, or result in the acceleration of, any obligation
under any existing mortgage, indenture, lien agreement, note, contract, permit,
judgment, decree, order, restrictive covenant, statute, rule, or regulation
applicable to NYMT.

      2.2 Representations and Warranties by NYMC.

      NYMC hereby represents and warrants to NYMT, Schnall and Fierro as of the
date of this Agreement and as of the Closing Date as follows:

            (a) Organization and Power. NYMC is validly existing and in good
standing under the laws of the State of New York, and has full right, power, and
authority to enter into this Agreement and to assume and perform all of its
obligations under this Agreement; and, the execution and delivery of this
Agreement and the performance by NYMC of its obligations hereunder have been
duly authorized by all requisite action of NYMC and require no further action or
approval of NYMC's stockholders or of any other individuals or entities in order
to constitute this Agreement as a binding and enforceable obligation of NYMC.

            (b) Noncontravention. Neither the entry into nor the performance of,
or compliance with, this Agreement by NYMC has resulted, or will result, in any
violation of, or

                                       2
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default under, or result in the acceleration of, any obligation under any
existing mortgage, indenture, lien agreement, note, contract, permit, judgment,
decree, order, restrictive covenant, statute, rule, or regulation applicable to
NYMC.

      2.3 Representations and Warranties by Schnall and Fierro.

      Each of Schnall and Fierro hereby severally, and not jointly, makes the
following representations and warranties as of the date of this Agreement as of
the Closing Date:

            (a) Holders in Due Course. Schnall is the holder in due course of
the Schnall Note. Fierro is the holder in due course of the Fierro Note.

            (b) Tax Advice. Schnall and Fierro have each obtained from their own
personal tax advisors advice regarding the transaction contemplated by this
Agreement, including, without limitation, the tax consequences of the
transactions contemplated hereby.

                                   ARTICLE III

                       CONDITIONS PRECEDENT TO THE CLOSING

      3.1 Conditions to NYMT's Obligations.

      NYMT's obligation to perform its obligations hereunder on the Closing Date
is subject to the timely satisfaction of each and every one of the conditions
and requirements set forth in this Section 3.1, all of which shall be conditions
precedent to NYMT's obligations under this Agreement.

            (a) Representations and Warranties of NYMC, Schnall and Fierro. The
representations and warranties of NYMC set forth in Section 2.2 and of each of
Schnall and Fierro set forth in Section 2.3 shall be true and correct as if made
again on the Closing Date.

            (b) Completion of Contribution Agreement. The transactions
contemplated by the Contribution Agreement shall have been completed.

            (c) Completion of IPO. The IPO shall have been completed.

      3.2 Conditions to NYMC's Obligations.

      NYMC's obligation to perform its obligations hereunder on the Closing Date
is subject to the timely satisfaction of each and every one of the conditions
and requirements set forth in this Section 3.2, all of which shall be conditions
precedent to NYMC's obligations under this Agreement.

            (a) NYMT's Obligations. NYMT shall have performed all covenants,
agreements and other obligations of NYMT hereunder which are to be performed on
the Closing Date.

                                       3
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            (b) Representations and Warranties of NYMT, Schnall and Fierro. The
representations and warranties of NYMT set forth in Section 2.1 and of each of
Schnall and Fierro set forth in Section 2.3 shall be true and correct as if made
again on the Closing Date.

            (c) Completion of Contribution Agreement. The transactions
contemplated by that certain Second Amended and Restated Contribution Agreement,
dated as of April 29, 2004, by and among Schnall, the Steven B. Schnall Annuity
Trust 3/25/02, Fierro, the 2004 Joseph V. Fierro Grantor Retained Annuity Trust
and NYMT (the "Contribution Agreement"), shall have been completed.

            (d) Completion of IPO. The IPO shall have been completed.

                                   ARTICLE IV

                          CLOSING AND CLOSING DOCUMENTS

      4.1 Closing.

      The consummation and closing (the "Closing") of the transactions
contemplated under this Agreement shall take place at the offices of NYMC in New
York, New York, or such other place as is mutually agreeable to the parties, on
the Closing Date; provided, that this Agreement shall be terminated and the
parties shall have no obligations hereunder if Closing Date does not occur by
May 31, 2004. In the event this Agreement is terminated, NYMC's obligations
under the Notes shall remain in full force and effect.

      4.2 Schnall's and Fierro's Deliveries.

      At the Closing, upon confirmation of receipt of payment in full of all
amounts owing under the Notes, Schnall and Fierro shall deliver the following to
NYMC:

            (a) The Notes. Schnall and Fierro shall deliver the original Notes
to NYMC.

      4.3 NYMT's Deliveries.

      At the Closing, NYMT shall deliver the following:

            (a) Contribution to NYMC of an amount sufficient to enable NYMC to
pay in full the entire principal and all accrued but unpaid interest under the
Notes outstanding as of the Closing Date in accordance with the terms thereof.

            (b) Bring-Down Certificate. A certificate signed by an authorized
officer of NYMT that all conditions to NYMC's obligations set forth in Section
3.2 hereof have been satisfied.

      4.4 NYMC's Deliveries.

      At the Closing, NYMT shall deliver the following:

                                       4
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            (a) Payment by NYMC to Schnall and Fierro, respectively, in
accordance with the written instructions delivered by them pursuant to Section
1.2 hereof, of the entire principal and all accrued but unpaid interest under
the Notes outstanding as of the Closing Date in accordance with the terms
thereof.

            (b) Bring-Down Certificate. A certificate signed by an authorized
officer of NYMC that all conditions to NYMT's obligations set forth in Section
3.1 hereof have been satisfied.

      4.5 Fees and Expenses; Closing Costs.

      NYMT shall pay all fees, expenses and closing costs relating to the
transactions contemplated by this Agreement.

                                    ARTICLE V

                                  MISCELLANEOUS

      5.1 Notices.

      Any notice provided for by this Agreement and any other notice, demand, or
communication required hereunder shall be in writing and either delivered in
person (including by confirmed facsimile transmission) or sent by hand delivered
against receipt or sent by recognized overnight delivery service or by certified
or registered mail, postage prepaid, with return receipt requested. All notices
shall be addressed as follows:

          NYMT:

          New York Mortgage Trust, Inc.
          1301 Avenue of the Americas
          New York, New York  10019
          Attention:  President
          Fax No.: (212) 655-6269

          with a copy to:

          Hunton & Williams LLP
          Riverfront Plaza, East Tower
          951 E. Byrd Street
          Richmond, Virginia 23219
          Attention:  Daniel M. LeBey, Esq.
          Fax No.: (804) 788-8218

          NYMC:

          New York Mortgage Trust, Inc.
          1301 Avenue of the Americas

                                       5
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          New York, New York  10019
          Attention:  President
          Fax No.: (212) 655-6269

          with a copy to:

          Hunton & Williams LLP
          Riverfront Plaza, East Tower
          951 E. Byrd Street
          Richmond, Virginia 23219
          Attention:  Daniel M. LeBey, Esq.
          Fax No.: (804) 788-8218

          Schnall:

          Steven B. Schnall
          c/o The New York Mortgage Company, LLC
          1301 Avenue of Americas
          New York, New York  10019
          Fax No.: (212) 634-9420

          Fierro:

          Joseph V. Fierro
          c/o The New York Mortgage Company, LLC
          1301 Avenue of Americas
          New York, New York  10019
          Fax No.: (212) 634-9420

      Any address or name specified above may be changed by a notice given by
the addressee to the other party. Any notice, demand or other communication
shall be deemed given and effective as of the date of delivery in person or
receipt set forth on the return receipt. The inability to deliver because of
changed address of which no notice was given, or rejection or other refusal to
accept any notice, demand or other communication, shall be deemed to be receipt
of the notice, demand or other communication as of the date of such attempt to
deliver or rejection or refusal to accept.

      5.2 Entire Agreement; Modifications and Waivers; Cumulative Remedies.

      This Agreement supersedes any existing letter of intent between the
parties, constitutes the entire agreement among the parties hereto and may not
be modified or amended except by instrument in writing signed by the parties
hereto, and no provisions or conditions may be waived other than by a writing
signed by the party waiving such provisions or conditions. No delay or omission
in the exercise of any right or remedy accruing to any party upon any breach
under this Agreement by another party shall impair such right or remedy or be
construed as a

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<PAGE>
waiver of any such breach theretofore or thereafter occurring. The waiver by any
party of any breach of any term, covenant, or condition herein stated shall not
be deemed to be a waiver of any other breach, or of a subsequent breach of the
same or any other term, covenant, or condition herein contained. All rights,
powers, options, or remedies afforded to the parties either hereunder or by law
shall be cumulative and not alternative, and the exercise of one right, power,
option, or remedy shall not bar other rights, powers, options, or remedies
allowed herein or by law, unless expressly provided to the contrary herein.

      5.3 Successors and Assigns.

      This Agreement may not be assigned by any party hereto without the prior
written approval of the other parties hereto. This Agreement shall be binding
upon, and inure to the benefit of, each of the parties, and their respective
legal representatives, successors, and permitted assigns.

      5.4 Article Headings.

      Article headings and article and section numbers are inserted herein only
as a matter of convenience and in no way define, limit, or prescribe the scope
or intent of this Agreement or any part hereof and shall not be considered in
interpreting or construing this Agreement.

      5.5 Governing Law.

      This Agreement shall be construed and interpreted in accordance with the
laws of the State of New York, without regard to conflicts of laws principles.

      5.6 Counterparts.

      This Agreement may be executed in any number of counterparts and by any
party hereto on a separate counterpart, each of which when so executed and
delivered shall be deemed an original and all of which taken together shall
constitute but one and the same instrument.

      5.7 Survival.

      All representations and warranties contained in this Agreement, and all
covenants and agreements contained in the Agreement which contemplate
performance after the Closing Date shall survive the Closing.

                                       7
<PAGE>
      5.8 Further Acts.

      In addition to the acts, instruments and agreements recited herein and
contemplated to be performed, executed and delivered by the parties, the parties
shall perform, execute, and deliver or cause to be performed, executed, and
delivered at the Closing or after the Closing, any and all further acts,
instruments, and agreements and provide such further assurances as the other
parties may reasonably require to consummate the transaction contemplated
hereunder.

      5.9 Severability.

      In case any one or more of the provisions contained in this Agreement
shall for any reason be held to be invalid, illegal, or unenforceable in any
respect, such invalidity, illegality, or unenforceability shall not affect any
other provision hereof, and this Agreement shall be construed as if such
invalid, illegal, or unenforceable provision had never been contained herein.

      5.10 Attorneys' Fees.

      Should a party employ an attorney or attorneys to enforce any of the
provisions hereof or to protect its interest in any manner arising under this
Agreement, or to recover damages for breach of this Agreement, any
non-prevailing party in any action pursued in a court of competent jurisdiction
(the finality of which is not legally contested) shall pay to the prevailing
party all reasonable costs, damages, and expenses, including reasonable
attorneys' fees, expended or incurred in connection therewith.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.]

                     [SIGNATURES APPEAR ON FOLLOWING PAGE.]

                                       8
<PAGE>
      IN WITNESS WHEREOF, this Agreement has been entered into effective as of
the 29th day of April, 2004.

                                  NEW YORK MORTGAGE TRUST, INC.,
                                  a Maryland corporation

                                  By:      /s/ David A. Akre
                                       ---------------------------------------
                                  Name:    David A. Akre
                                  Title:   Co-Chief Executive Officer

                                  THE NEW YORK MORTGAGE COMPANY, LLC,
                                  a New York limited liability company

                                  By:      /s/ Steven B. Schnall
                                       -----------------------------------------
                                  Name:    Steven B. Schnall
                                  Title:   President and Chief Executive Officer

                                  STEVEN B. SCHNALL

                                           /s/ Steven B. Schnall
                                  ----------------------------------------------
                                  Steven B. Schnall

                                  JOSEPH V. FIERRO

                                           /s/ Joseph V. Fierro
                                  ----------------------------------------------
                                  Joseph V. Fierro

                                       9EX-10.1: COPY OF RESTRICTED STOCK AGREEMENT

 

Exhibit 10.1

ROCKWELL AUTOMATION, INC.

2000 LONG-TERM INCENTIVES PLAN, AS AMENDED

RESTRICTED STOCK AGREEMENT

To:    Keith D. Nosbusch

     In accordance with Section 4(c) of the Rockwell Automation, Inc. 2000
Long-Term Incentives Plan, as amended (the Plan), 10,000 shares (Restricted
Shares) of Common Stock of Rockwell Automation, Inc. (Rockwell Automation) have
been granted to you today as Restricted Stock (as defined in the Plan) upon the
terms and conditions of this Restricted Stock Agreement, subject in all
respects to the provisions of the Plan, as it may be amended. Capitalized
terms used in this Agreement and not otherwise defined herein shall have the
respective meanings ascribed to them in the Plan.

	1.	 	Earning of Restricted Shares

     (a) If you shall continue as an Employee from the date hereof until
February 5, 2007, then you shall be deemed to have fully earned all the
Restricted Shares subject to this Agreement.

     (b) If (i) you shall die or suffer a disability that shall continue
for a continuous period of at least six months during the period of your
continuous service as an Employee and prior to February 5, 2007; or (ii)
a “Change in Control” (as defined for purposes of Article III, Section
13(I)(1) of Rockwell Automation’s By-Laws) shall occur during the period
of your continuous service as an Employee and prior to February 5, 2007;
then you shall be deemed to have fully earned all the Restricted Shares
subject to this Agreement.

     (c) If you cease to be an Employee prior to satisfaction of any of
the conditions set forth in paragraph (a) or (b) of this Section, you
shall be deemed not to have earned any of the Restricted Shares and shall
have no further rights with respect to the Restricted Shares or any Stock
Dividends (as hereinafter defined).

 

 

	2.	 	Retention of Certificates for Restricted Shares

     Certificates for the Restricted Shares and any dividends or distributions
thereon or in respect thereof that may be paid in additional shares of
Common Stock or other securities of Rockwell Automation or securities of
another entity (Stock Dividends), shall be delivered to and held by
Rockwell Automation, or shall be registered in book entry form subject to
Rockwell Automation’s instructions, until you shall have earned the
Restricted Shares in accordance with the provisions of Section 1. To
facilitate implementation of the provisions of this Agreement, you
undertake to sign and deposit with Rockwell Automation’s Office of the
Secretary such documents appropriate to effectuate the purpose and intent
of this Restricted Stock Agreement as Rockwell Automation may reasonably
request from time to time.

	3.	 	Dividends and Voting Rights

     Notwithstanding the retention by Rockwell Automation of certificates (or
the right to give instructions with respect to shares held in book entry
form) for the Restricted Shares and any Stock Dividends, you shall be
entitled to receive any dividends that may be paid in cash on, and to
vote, the Restricted Shares and any Stock Dividends held by Rockwell
Automation (or subject to its instructions) in accordance with Section 2,
unless and until such shares have been forfeited in accordance with
Section 5.

	4.	 	Delivery of Earned Restricted Shares

     As promptly as practicable after (i) you shall have been deemed to have
earned the Restricted Shares in accordance with Section 1 and (ii)
Rockwell Automation has been reimbursed for all required withholding
taxes in respect of your earning all the Restricted Shares and Stock
Dividends that you have been deemed to have earned, Rockwell Automation
shall deliver to you (or in the event of your death, to your estate or
any person who acquires your interest in the Restricted Shares by bequest
or inheritance) all or the part of the Restricted Shares and Stock
Dividends that you have been deemed to have earned.

 

 

	5.	 	Forfeiture of Unearned Restricted Shares

     Notwithstanding any other provision of this Agreement, if at any time it
shall become impossible for you to earn any of the Restricted Shares in
accordance with this Agreement, all the Restricted Shares, together with
any Stock Dividends, then being held by Rockwell Automation (or subject
to its instructions) in accordance with Section 2 shall be forfeited, and
you shall have no further rights of any kind or nature with respect
thereto. Upon any such forfeiture, the Restricted Shares, together with
any Stock Dividends, shall be transferred to Rockwell Automation.

	6.	 	Adjustments

     If there shall be any change in or affecting shares of Stock on account
of any stock dividend or split, merger or consolidation, reorganization
(whether or not Rockwell Automation is a surviving corporation),
recapitalization, reorganization, combination or exchange of shares or
other similar corporate changes or an extraordinary dividend in cash,
securities or other property, there shall be made or taken such
amendments to this Agreement or the Restricted Shares as the Board of
Directors may deem appropriate under the circumstances.

	7.	 	Transferability

     This grant is not transferable by you otherwise than by will or by the
laws of descent and distribution, and the Restricted Shares, and any
Stock Dividends shall be deliverable, during your lifetime, only to you.

	8.	 	Withholding

     Rockwell Automation shall have the right, in connection with the delivery
of the Restricted Shares and any Stock Dividends subject to this
Agreement, (i) to deduct from any payment otherwise due by Rockwell
Automation to you or any other person receiving delivery of the
Restricted Shares and any Stock Dividends an amount equal to any taxes
required to be withheld by law with respect to such delivery, (ii) to
require you or any other person receiving such delivery to pay to it an
amount sufficient to provide for any such taxes so required to be
withheld, or (iii) to sell such number of the Restricted Shares and any
Stock Dividends as may be necessary so that the net proceeds of such sale
shall be an amount sufficient to provide for any such taxes so required
to be withheld.

 

 

	9.	 	Applicable Law

     This Agreement and Rockwell Automation’s obligation to deliver Restricted
Shares and any Stock Dividends hereunder shall be governed by and
construed and enforced in accordance with the laws of Delaware and the
Federal law of the United States.

	 	 	 
	

	 	ROCKWELL AUTOMATION, INC.
	 
	 	 
	

	 	By: /s/ William J. Calise, Jr.
	

	 	

	

	 	William J. Calise, Jr.

Senior Vice President,

General Counsel and Secretary
	 
	 	 
	Dated: February 5, 2004
	 	 
	 
	 	 
	Agreed
to this 11th day of February, 2004.
	 	 
	 
	 	 
	/s/ Keith D. Nosbusch
	 	 
	

Keith D. Nosbusch

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