Document:

Letter Agreement, dated as of July 29, 2004.

 Exhibit 10.1 
  
 EXECUTION COPY 
  
 As of July 29, 2004 
  
 CDC Mortgage Capital Inc. 
 9 West 57th Street, 36th Floor 
 New York, New York 10019

  
 Attention:  Mr. Raymond Sullivan 
  

	 	Re:	Second Amended and Restated Master Repurchase Agreement, dated as of June 23, 2003, as amended (the “Repurchase Agreement”), among CDC Mortgage Capital Inc.
(“Buyer”) and New Century Mortgage Corporation and NC Capital Corporation (each, a “Seller”) 

  
 Ladies and Gentlemen: 
  
 In general, the Termination Date under the Repurchase Agreement is June 23, 2004 unless otherwise extended pursuant to Section 3(m) of the Repurchase
Agreement and pursuant to Waiver and Amendment No. 5 to the Repurchase Agreement (“Amendment No. 5”), certain covenants under the Repurchase Agreement were waived for the period ending on May 15, 2004. Seller and Buyer have entered
into an extension letter, dated as of June 18, 2004, whereby the Termination Date has been extended until the close of business on July 7, 2004 and certain waivers of the covenants until the close of business on July 7, 2004 . In addition, Seller
and Buyer have entered into an extension letter, dated as of July 1, 2004, whereby the Termination Date has been extended until the close of business on July 21, 2004 and certain waivers of the covenants until the close of business on July 21, 2004
.. In addition, Seller and Buyer have entered into an extension letter, dated as of July 15, 2004, whereby the Termination Date has been extended until the close of business on July 30, 2004 and certain waivers of the covenants until the close of
business on July 30, 2004 . At the present time, the Seller has again requested that the Buyer extend the Termination Date and such waivers. 
  
 In consideration of the mutual agreements hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, Seller and Buyer hereby agree as follows: 
  

	1.	Pursuant to Section 3(m) of the Repurchase Agreement, Buyer hereby extends the Termination Date until the close of business on August 15, 2004. 

  

	2.	Each of the parties hereto agrees that the provisions of Amendment No. 5, as amended by the extensions of waiver, are hereby amended by deleting the date July 30, 2004 in each place
that it appears in Amendment No. 5 and substituting therefor the date August 15, 2004. 

	3.	Except as described herein, all of the terms of the Repurchase Agreement are hereby ratified and confirmed in all respects. 

  

	4.	All capitalized terms used herein and not defined herein shall have the respective meanings ascribed to them in the Repurchase Agreement. 

  

	5.	In the event that any provision of this agreement conflicts with any provision of the Repurchase Agreement or the Custodial and Disbursement Agreement, the terms of this agreement
shall control. 

  

	6.	This agreement shall not be assigned by the Seller without the prior written consent of the Buyer, which consent shall be in Buyer’s sole discretion. 

 

	7.	This agreement may be executed in any number of counterparts, each of which shall constitute an original agreement, and all of which together shall constitute one and the same
instrument, and either party hereto may execute this agreement by signing any such counterpart. 

  

	8.	This agreement shall be governed and construed in accordance with the laws of the State of New York without regard to conflicts of laws principles.

  
 [SIGNATURE PAGE FOLLOWS] 

 Please indicate your acceptance and agreement by signing below where indicated and returning an
originally executed copy of this agreement to Seller. 
  

			
	 Very truly yours,

	
	 NEW CENTURY MORTGAGE CORPORATION

		
	 By:
	 	 /s/ KEVIN CLOYD

	 Name:
	 	 Kevin Cloyd

	 Title:
	 	 Executive Vice President

	
	 NC CAPITAL CORPORATION

		
	 By:
	 	 /s/ KEVIN CLOYD

	 Name:
	 	 Kevin Cloyd

	 Title:
	 	 President

  
 Accepted and Agreed: 
  

			
	 CDC MORTGAGE CAPITAL INC.

		
	 By:
	 	 /s/ JOE PISCINA

	 Name:
	 	 Joe Piscina

	 Title:
	 	 Managing Director

		
	 By:
	 	 /s/ WILLIAM BRANAGH

	 Name:
	 	 William Branagh

	 Title:
	 	 Managing Director2004 Specimen Warrant Certificate

 Exhibit 4.4 
  

			
	 Number of Warrants
	 	Certificate Number

  
 WARRANT CERTIFICATE
FOR PURCHASE OF 
 COMMON STOCK OF MARCO COMMUNITY BANCORP, INC. 
 (See Reverse Side for Summary of Terms of Warrant Plan) 
  
 THIS CERTIFIES THAT, for value received,
                                        
                                        , or
registered assigns, is the owner of the number of Warrants set forth above, each of which entitles the owner to purchase, subject to the terms and conditions hereof and of the Warrant Plan referred to herein, at any time after the date hereof and
prior to the Expiration Date (as herein defined), one share of Common Stock, par value $0.01 per share (“Shares”), of Marco Community Bancorp, Inc., a Florida corporation (“Company”) at $12.00 per share (“Exercise
Price”) payable in cash, or by cashiers check or other official bank check, payable to the Company. Warrants may be exercised by delivery and surrender of this Warrant Certificate, along with the Form of Election to Exercise on the reverse
hereof duly completed and executed, together with payment of the Exercise Price at the office of the Company or its duly appointed agent. 
  
 This Warrant Certificate and each Warrant represented hereby are issued pursuant to and are subject to all of the terms, provisions and conditions of that certain Warrant
Plan dated as of March 3, 2003 (hereinafter called the “Warrant Plan”), adopted by the Company, to all of which terms, provisions and conditions the registered holder of this Warrant Certificate consents by acceptance hereof. The Warrant
Plan and the summary of its terms set forth on the reverse side of this Warrant Certificate are hereby incorporated into this Warrant Certificate by reference and made a part hereof. The Warrant Plan sets forth the terms and conditions under which
the exercise price for a Warrant, the number of shares to be received upon exercise of a Warrant, or both, may be adjusted. Reference is hereby made to the Warrant Plan for a full description of the rights, limitations of rights, obligations, duties
and immunities hereunder of the Company and the holders of the Warrant Certificates or Warrants. In the event of any conflict between the provisions of this Warrant Certificate and the Warrant Plan, the provisions of the Warrant Plan shall control.

  
 Copies of the Warrant Plan are available for inspection at the Company’s
office, or may be obtained upon written request addressed to the Secretary, Marco Community Bancorp, Inc., 1770 San Marco Rd., Marco Island, Florida 34145. The Company shall not be required upon the exercise of the Warrants evidenced by this Warrant
Certificate to issue fractions of Warrants or Shares, but shall make adjustments therefor in cash on the basis of the current market value of any fractional interest as provided in the Warrant Plan. 
  
 IN WITNESS WHEREOF, Marco Community Bancorp, Inc. has caused this certificate to be
executed by the signatures of its duly authorized officers and has caused its corporate seal to be hereunto affixed. 
  

					
	 Dated:
	 	 	 	 
			
	  	 	 	 	  
	President	 	 	 	Chief Executive Officer

  

 Summary of Terms of Warrant Plan 
  
 The Warrant Plan provides that, upon the occurrence of certain events, the initial exercise price set forth on the face of this Warrant
Certificate may, subject to specified conditions, be adjusted (as may be adjusted, the "Exercise Price"). If the Exercise Price is adjusted, the Warrant Plan provides that the number of shares which can be purchased upon the exercise of each Warrant
represented by this Warrant Certificate and the type of securities or other property subject to purchase upon the exercise of each Warrant represented by this Warrant Certificate are subject to modification or adjustment. 
  
 The Warrants evidenced by this Warrant Certificate shall be exercisable until 5:00 p.m. on
the second anniversary of the date hereof or sooner if called in accordance with the Warrant Plan. Warrants are callable any time after the expiration of a 12-month period following the date hereof. In the event that upon any exercise the number of
Warrants exercised shall be fewer than the total number of Warrants represented hereby, there shall be issued to the holder hereof or his assignee a new Warrant Certificate evidencing the Warrants not so exercised. No payment or adjustment will be
made for any cash dividends, whether paid or declared, on any shares issuable upon exercise of a Warrant. The Company shall not be required to issue fractions of shares or any certificates which evidence fractional shares. In lieu of a fractional
share, if any, there shall be paid to the registered holder of a Warrant with regard to which the fractional share would be issuable, an amount in cash equal to the same fraction of the current market value (as determined pursuant to the Warrant
Plan) of a share. 
  
 Prior to the exercise of the Warrants represented hereby,
the registered holder of this Warrant Certificate, shall not be entitled to vote on or be deemed the holder of Common Stock or any other securities of the Company which may at any time be issuable on the exercise hereof for any purpose, and nothing
contained in the Warrant Plan or herein shall be construed to confer upon the holder of this Warrant Certificate, any of the rights of a stockholder of the Company. Warrants may only be transferred to: (i) a parent, sibling, spouse, child, or
grandchild of the holder; (ii) to a pension or profit sharing plan of which the holder or holder’s spouse is a beneficiary; (iii) to a business entity or trust owned or controlled by the holder or holder’s spouse is a beneficiary; or (iv)
by a court order. In addition, the Company shall not effect any transfer or exchange which will result in the issuance of a Warrant Certificate for a fraction of a Warrant. 
  
 Form of Assignment 
  
 For value received
                                        
         hereby sells, assigns and transfers unto
                                        
         this Warrant Certificate and all right, title and interest herein, and does hereby irrevocably constitute and appoint
                                        
             attorney, to transfer said Warrant on the books of The Company with full power of substitution in the premises. 
  
 Social Security Number:
                                        
Name of registered holder of Warrant (Please Print):
                                        
         
  
 Address (Please
Print):
                                        
                                        
                                     
  
 Signature:
                                        
                                        
                                        
                      Signature Guaranteed: 
  

Note: The above signature must correspond with the name written upon the face of this Warrant Certificate in every particular, without alteration or enlargement or any
change whatever. 
  
 Form Of Election To Exercise

  
 The undersigned hereby irrevocably elects to exercise
                 Warrants evidenced by this Warrant Certificate, to purchase              full
shares of the Common Stock of the Company (“Shares”) and herewith tenders payment for such Shares in the amount of $                 in accordance with
the terms hereof. The undersigned hereby acknowledges receipt of a Prospectus, including amendments and supplements thereto relating to the Offering of the Common Stock to be acquired in connection with this transaction. 
  
 Social Security Number:
                                        
Name of registered holder of Warrant (Please Print):
                                        
         
  
 Name of Registered holder
of Warrant (Please Print):
                                        
                            
  
 Address (Please Print):
                                        
                                        
                                     
  
 Signature:
                                        
                                        
                                        
                      Signature Guaranteed: 
  

Note: The above signature must correspond with the name as written upon the face of this Warrant Certificate in every particular, without alteration or
enlargement or any change whatever. If the holder hereof is hereby electing to exercise fewer than all Warrants represented by this Warrant Certificate and is requesting that a new Warrant Certificate evidencing the Warrants not exercised be
registered in a name other than that in which this Warrant Certificate is registered, the signature of the holder of this Warrant Certificate must be guaranteed.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00069-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00069-of-00352.parquet"}]]