Document:

Exhibit

Exhibit 10.15

SUMMARY OF NON-MANAGEMENT DIRECTOR COMPENSATION
As of January 1, 2017
	
					
	Function
	 
	Amount Paid
	 
	Form of Payment

	 
	 
	 
	 
	 

	Annual Stock Retainer
	 
	$80,000 annually
	 
	Payable in quarterly increments in shares of company common stock at its fair market value

	 
	 
	 
	 
	 

	Annual Cash Retainer
	 
	$60,000 annually
	 
	Payable in cash in quarterly increments

	 
	 
	 
	 
	 

	Audit Committee Members Meeting Fee
	 
	$15,000 annually
	 
	Payable in cash in quarterly increments

	 
	 
	 
	 
	 

	Audit Committee Chair Meeting Fee
	 
	$30,000 annually
	 
	Payable in cash in quarterly increments

	 
	 
	 
	 
	 

	Compensation Committee Members Meeting Fee
	 
	$10,000 annually
	 
	Payable in cash in quarterly increments

	 
	 
	 
	 
	 

	Compensation Committee Chair Meeting Fee
	 
	$20,000 annually
	 
	Payable in cash in quarterly increments

	 
	 
	 
	 
	 

	Nominating & Governance Committee Members Meeting Fee
	 
	$10,000 annually
	 
	Payable in cash in quarterly increments

	 
	 
	 
	 
	 

	Nominating & Governance Committee Chair Meeting Fee
	 
	$15,000 annually
	 
	Payable in cash in quarterly increments

	 
	 
	 
	 
	 

	Lead-Non Management Director Fee
	 
	$20,000 annually
	 
	Payable in cash in quarterly increments

	 
	 
	 
	 
	 

	Meeting Travel Expenses
	 
	Reasonable and actual
	 
	Cash reimbursementEX-4.1

 Exhibit 4.1 

SEE REVERSE FOR IMPORTANT NOTICE ON TRANSFER 

RESTRICTIONS AND OTHER INFORMATION 

CERTIFICATE OF STOCK 
 [LOGO] 

CHIMERA INVESTMENT CORPORATION 

INCORPORATED UNDER THE LAWS OF 

THE STATE OF MARYLAND 
  

			
	 NUMBER
	  	SHARES

 8.00% SERIES B FIXED-TO-FLOATING RATE
CUMULATIVE REDEEMABLE PREFERRED STOCK 
 SEE REVERSE FOR 

CERTAIN DEFINITIONS 
 CUSIP 16934Q 406 

THIS CERTIFIES THAT _______________________________________ is the owner of _______________________________ FULLY PAID AND NONASSESSABLE SHARES OF THE 8.00%
SERIES B FIXED-TO-FLOATING RATE CUMULATIVE REDEEMABLE PREFERRED STOCK, $0.01 PAR VALUE, OF CHIMERA INVESTMENT CORPORATION, a Maryland corporation (the
“Corporation”) transferable on the books of the Corporation by the holder hereof in person or by duly authorized attorney, upon surrender of this Certificate properly endorsed. This Certificate and the shares represented hereby are issued
and shall be held subject to all the provisions of the Charter and Bylaws of the Corporation, each as amended (copies of which are on file at the office of the Transfer Agent), to all of which the holder of this Certificate by acceptance hereof
assents. This Certificate is not valid unless countersigned by the Transfer Agent and registered by the Registrar. 
 WITNESS the facsimile seal of the
Corporation and the facsimile signatures of its duly authorized officers. 
 Dated: **SPECIMEN** 

 

			
	[SEAL OF CHIMERA INVESTMENT CORPORATION]	  	
		  	
	  
	  	  

	CHIEF LEGAL OFFICER AND CORPORATE SECRETARY	  	CHIEF EXECUTIVE OFFICER AND PRESIDENT
	
	COUNTERSIGNED AND REGISTERED:
	COMPUTERSHARE TRUST COMPANY, N.A.
	TRANSFER AGENT AND REGISTRAR
	BY
	AUTHORIZED SIGNATURE

 IMPORTANT NOTICE 

The shares represented by this certificate are subject to restrictions on beneficial and constructive ownership and transfer. Subject to
certain further restrictions and except as expressly provided in the corporation’s charter, during the period commencing on the initial date and prior to the restriction termination date (i) no person may beneficially or constructively own
shares of any class or series of the capital stock of the corporation in excess of nine and eight-tenths percent (9.8%) in value or in number of shares, whichever is more restrictive, of any class or series of capital stock of the corporation unless
such person is an excepted holder (in which case the excepted holder limit shall be applicable); (ii) no person may beneficially or constructively own shares of capital stock that would result in the corporation being “closely held” under
section 856(h) of the code; (iii) during the period commencing on the initial date and prior to the date the common stock qualifies as a class of publicly-offered securities, no person may transfer shares of capital stock that would result in
the capital stock of the corporation being beneficially owned by less than one hundred (100) persons (determined without reference to any rules of attribution); (iv) no person may beneficially own shares of capital stock that would result in
25% or more of any class of capital stock being beneficially owned by one or more benefit plan investors, disregarding capital stock owned by controlling persons (other than controlling persons which are benefit plan investors); and (v) during
the period commencing on the initial date and prior to the date the common stock qualifies as a class of publicly-offered securities, no person may transfer shares of capital stock without obtaining from its transferee a representation and agreement
that (a) its transferee is not (and will not be), and is not acting on behalf of, a benefit plan investor or a controlling person and (b) such transferee will obtain from its transferee the representation and agreement set forth in this
clause (v) (including without limitation clauses (a) and (b)). Any person who beneficially or constructively owns or attempts to beneficially or constructively own shares of capital stock which causes or will cause a person to beneficially or
constructively own shares of capital stock in excess or in violation of the above limitations must immediately notify the corporation. If any of the restrictions on transfer or ownership in (i), (ii) and (iii) above are violated, the shares of
capital stock represented hereby will be automatically transferred to a trustee of a charitable trust for the benefit of one or more charitable beneficiaries. If, notwithstanding the foregoing sentence, a transfer to the charitable trust is not
effective for any reason to prevent a violation of the restrictions on transfer and ownership in (i), (ii) and (iii) above, then the attempted transfer of that number of shares of capital stock that otherwise would cause any person to violate
such restrictions shall be void ab initio. If any of the restrictions on transfer and ownership in (iv) and (v) above are violated, then the attempted transfer of that number of shares of capital stock that otherwise would cause any person to
violate such restrictions shall be void ab initio. If, notwithstanding the foregoing sentence, a purported transfer is not treated as being void ab initio for any reason, then the shares transferred in such violation shall automatically be
transferred to a charitable trust for the benefit of a charitable beneficiary, and the purported owner or transferee will acquire no rights in such shares. In addition, the corporation may redeem shares upon the terms and conditions specified by the
board of directors in its sole discretion if the board of directors determines that ownership or a transfer or other event may violate the restrictions described above. All capitalized terms in this legend have the meanings defined in the charter of
the corporation, as the same may be amended from time to time, a copy of which, including the restrictions on transfer and ownership, will be furnished to each holder of capital stock of the corporation on request and without charge. Requests for
such a copy may be directed to the secretary of the corporation at its principal office. 
 The corporation will furnish to any stockholder
of the corporation upon request and without charge a full statement of (1) the designations and any preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends, qualifications and terms and conditions of
redemption of the stock of each class which the corporation is authorized to issue; and (2) with respect to the classes of stock which may be issued in series, a full statement of (a) the differences in the relative rights and preferences
between the shares of each series to the extent they have been set; and (b) the authority of the board of directors to set the relative rights and preferences of subsequent series. 

The following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were written out
in full according to applicable laws or regulations: 

			
	 TEN COM – as tenants in common
	  	 UNIF GIFT MIN
ACT-                 Custodian
                

	 TEN ENT – as tenants by the entireties
	  	
                   
                     (Cust)                   
     (Minor)

	 JT TEN – as joint tenants with right of survivorship and not as tenants in common
	  	 Under Uniform Gifts to Minors

Act
                    

		  	   (State)

 Additional abbreviations may also be used though not in the above list. 

 
  

FOR VALUE RECEIVED,
                                         
                    hereby sell, assign and transfer unto 

PLEASE INSERT SOCIAL SECURITY OR OTHER 
 IDENTIFYING NUMBER OF
ASSIGNEE 
  

			
	
                     
            
	 	

					
			
	  
	 		 	
	(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)
	  
	 		 	

                          
                                         
                                         
                        Shares of the 8.00% SERIES B
FIXED-TO-FLOATING RATE CUMULATIVE REDEEMABLE PREFERRED STOCK represented by the within Certificate, and do hereby irrevocably constitute and appoint
                                         
                                         
                                         
 Attorney to transfer the said stock on the books of the within-named Corporation with full power of substitution in the premises. 
 Dated
                                        

 NOTICE: THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT
ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER. 
 Signature(s) Guaranteed: 
  

                          
                        

 
 THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN
ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15.

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