Document:

E-ViEWS
Safety Systems, Inc. Dealer Agreement
 

    Agreement
between E-ViEWS Safety Systems, Inc. (“E-ViEWS”) a Nevada Corporation, doing
business in the state of California at 5341 Derry Ave., Suite R, Agoura Hills,
CA 91301, and EPGI FIRECREEK, INC (“DEALER”), having a place of business at the
address listed on   Appendix A.

    

    The
DEALER agrees to sell and market E-ViEWS products in the Authorized Territories
as listed on Appendix B. These territories are exclusive to DEALER during the
term of this agreement with the exception that E-ViEWS can sell and market to
traffic and other consultants in the territories. Any crossover opportunities
that are discovered by E-ViEWS in Dealer territory will be coordinated with
DEALER.

    

    The
DEALER agrees to assist E-ViEWS in marketing its PRODUCTS including customer
introductions, meetings, and presentation and be compensated with a Finders Fee
for those efforts that result in the sale of PRODUCTS as defined in Appendix
D.

    

    The
DEALER agrees to purchase, and E-ViEWS agrees to sell those products
manufactured by E-ViEWS as listed on Appendix C. Product discounts, as
identified on Appendix D, will be based upon the level of certification that the
DEALER has achieved.  Product discounts will be computed from the
approved and released E-ViEWS DEALER Price Schedule(s).

    

    The term
E-ViEWS Products (“PRODUCTS”) as used in this Agreement refers to, and is
limited to, solutions, systems, products, components, parts and/or other items
listed in the E-ViEWS DEALER Price Schedule(s) that are an integral part of this
agreement.

    

    Relationship to the
Parties:

    

    E-ViEWS
hereby appoints the DEALER as an E-ViEWS authorized DEALER only for the counties
and states listed on Appendix B.

    

    All
shipments of PRODUCTS will be made to the DEALER at the addresses listed on
Appendix A unless otherwise agreed upon.

    

    The
DEALER shall have no right to, and agrees it will not without prior consent of
E-ViEWS, appoint additional DEALERS, warranty service centers or distributors of
E-ViEWS Products; nor will the DEALER supply   E-ViEWS Products
to DEALERS not authorized by E-ViEWS.

    

    The
DEALER is not authorized to, and agrees that it will not, make any warranties or
representations, or assume or create any other obligations on behalf of
E-ViEWS

    

    
      
        
           

        

        
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    Contract
Period

    

    The term
of this Agreement shall be for thirty-six months. Upon completion of eighteen
months of this agreement, E-ViEWS will conduct a sales and service performance
evaluation for the purpose of continued exclusivity.

     

    DEALER
Responsibilities:

     

    In
consideration for being appointed as an authorized E-ViEWS DEALER for E-ViEWS
products, the DEALER assumes the following responsibilities. The DEALER
will:

    

    
      	
              1.

            	
              Develop
      over the life of the Agreement a sufficient number of trained and capable
      sales personnel to effectively market PRODUCTS and assure customer
      satisfaction.

            

    

    

    
      	
              2.

            	
              Maintain
      one or more full-time employees for the Authorized Territories who are
      trained to and capable of effectively and responsively providing routine
      service including the initial set-up and installation of E-ViEWS Products
      where required.

            

    

    

    
      	
              3.

            	
              Maintain
      PRODUCT certifications that are administered by E-ViEWS at the E-ViEWS
      facilities in Agoura Hills, CA.

            

    

    

    
      	
              4.

            	
              Develop
      over the life of the Agreement at each Authorized Location suitable
      demonstration facilities to allow effective demonstrations of E-ViEWS
      Products.

            

    

    

    
      	
              5.

            	
              Maintain
      and provide at each Authorized Location a representative display of
      E-ViEWS Products.

            

    

    

    
      	
              6.

            	
              Provide
      first year’s product sales forecast as soon as practical after signing the
      Agreement and each year thereafter.

            

    

    

    
      	
              7.

            	
              At
      the time of product delivery to the customer, furnish a bill of sale or
      other receipt stating the date of the sale and the serial numbers, if any,
      of the E-ViEWS Product(s) sold, and assure that the appropriate E-ViEWS
      warranty statement, software license agreement is signed by customer
      and/or other materials specified by E-ViEWS are included with each
      PRODUCT

            

    

    

    
      	
              8.

            	
              Provide
      E-ViEWS with a valid Resale Exemption Certificate(s), as required by law,
      in lieu of sales tax for the PRODUCTS purchased under this
      agreement.

            

    

    

    
      	
              9.

            	
              Promptly
      report to E-ViEWS all suspected product   defects or safety
      problems and keep  E-ViEWS informed of customer
      complaints.

            

    

    

    
      	
              10.

            	
              Promptly
      pay E-ViEWS according to the Prices and Payments Section of this Agreement
      and maintain a satisfactory overall credit
  rating.

            

    

    

    
      	
              11.

            	
              Obey
      all applicable laws and regulations, conduct business in an ethical
      manner, and factually present PRODUCTS in terms of function and
      performance.

            

    

     

      

     

    
      
        
           

        

        
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              12.

            	
              Take
      all necessary steps to ensure compliance with the DEALER’s obligations
      under this Agreement by the DEALER and its
  personnel.

            

    

    

    
      	
              13.

            	
              Attend
      initial sales training and may be required for other sales training as new
      PPODUCTS, Systems and Solutions are
introduced.

            

    

    

    
      	
              14.

            	
              Attend
      technical training sessions provided by E-ViEWS to maintain certifications
      for PRODUCTS.

            

    

    

    DEALER
Training:

    

    DEALER
training is the responsibility of the DEALER to schedule training sessions
with E-ViEWS for the particular sales, systems, solutions, and PRODUCT
training.  Standard sales and PRODUCT training classes will be
published as to dates and location where available. In addition, special
arrangements for specific PRODUCT training required for a particular sale is
also the responsibility of DEALER.

    

    Sales
training will consist of several levels of training and certification as
follows:

    

    Level
1:  PRODUCT training

    Level
2:  Systems training

    Level
3:  Solutions training (involving third party components or
software)

     

    Technical
Support training will consist of several levels of training and certification.
The training will include the installation, setup, configuration, testing,
customer acceptance, and after sale technical support of PRODUCTS, Systems, and
Solutions as follows:

     

    Level
1:  PRODUCT training

    Level
2:  Systems technical training

    Level
3:  Solutions technical training

     

    Customer
Support:

    

    Because
E-ViEWS represents and supplies to the DEALER quality products, many of which
are intended to be installed and adjusted to peak performance by the DEALER, and
because it is critical to the reputation of E-ViEWS that product support and
customer service be available from the DEALER, DEALER agrees to sell PRODUCTS
only to customers located in the counties and states identified on Appendix B
and where DEALER has product support and customer service.

     

    If the
DEALER wishes to sell PRODUCTS to a customer that is not located in the counties
and states identified on Appendix B, the DEALER agrees not to sell such PRODUCTS
unless the DEALER has consulted with E-ViEWS, in advance of the proposed sale,
and the DEALER and E-ViEWS have agreed to a course of action that will result in
the customer being properly served, and the product being properly
represented.

     

     
 

    
      
        
           

        

        
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    Prices and
Payments:

    

    The
DEALER agrees to pay E-ViEWS for PRODUCTS released for shipment at the
applicable prices specified in the E-ViEWS DEALER Price Schedule(s), less DEALER
discount as specified in Appendix D, in effect on the date the product is
shipped from E-ViEWS. Payment in full for PRODUCTS shall be due and payable upon
receipt of the E-ViEWS invoice. DEALER will receive “Favored Nation Status” as
to prices whereby DEALER is guaranteed the most favorable terms and prices
offered by E-ViEWS.

    

    If
payment is not postmarked within thirty (30) days after the invoice date, the
DEALER will pay, in addition, a monthly financing charge for each month during
which payment remains outstanding, including any month in which payment was due
and not received. If no such charge is specified on the invoice, the charge will
be as specified on the E-ViEWS DEALER Price Schedule(s) and/or associated Terms
Sheets(s) in effect on the date of shipment, as permitted by applicable
law.

    

    If at any
time the DEALER’s account is subject to a finance charge, E-ViEWS reserves the
right to stop all shipments to the DEALER. Late payments, is a breach of the
DEALER responsibilities and is grounds for termination of this Agreement by
E-ViEWS.

    

    E-ViEWS
will publish E-ViEWS DEALER Price Schedules for E-ViEWS Products. The Schedules
may specify additional fees and allowances based on scheduling, shipment
quantities, special handling or other factors to be determined by
E-ViEWS.  E-ViEWS reserves the right to change prices without
notice.  E-ViEWS DEALER Price Schedule(s) will be published and become
effective either on the date of publication or on the date specified and remain
in effect until a new schedule is published and effective or until notice of
change has been sent to DEALER.

    

    E-ViEWS
may unilaterally set Minimum Advertised Price (MAP) on any and all PRODUCTS by
all means of Solicitation, including any electronic or print means, including
but not limited to telephone, facsimile, internet web site, on line service,
newspaper, magazine, newsletter, direct mail, or similar means. MAP does not in
any way restrict the actual price for which the DEALER may sell the products,
nor does it restrict price quotes sent in reply to written
solicitations.

     

    In
addition to the prices shown on the E-ViEWS DEALER Price Schedule(s), the DEALER
agrees to pay an amount equal to any taxes resulting from this Agreement or any
activities hereunder, exclusive of taxes based on net income. Any personal
property taxes assessable on PRODUCTS after delivery to the carrier shall be
borne by the DEALER.

    

    Title:

    

    Title to
each PRODUCT passes to the DEALER as of the date and FOB of shipment
from      E-ViEWS.

    

    Warranties:

    

    An
E-ViEWS warranty statement will be included as appropriate with each PRODUCT
shipped to the DEALER. The DEALER is not authorized to make any other warranty
commitment, whether written or oral on E-ViEWS behalf.

     

    
 

    
      
        
           

        

        
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    THE
FOREGOING WARRANTIES ARE IN LIEU OF ALL OTHER WARRANTIES EXPRESSED OR IMPLIED,
INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND
FITNESS FOR A PARTICULAR PURPOSE.

    

    Trademarks and Related
Matters:

    

    No rights
are granted to the DEALER to use trademarks and trade names of E-ViEWS or trade
names of third parties used in connection with the PRODUCTS except the limited
permission for the DEALER to use such trademarks solely to identify the DEALER
as an Authorized E-ViEWS DEALER and/or to identify PRODUCTS purchased from
E-ViEWS under this Agreement. The permission granted relative to such trademarks
shall terminate with the expiration or termination of this
Agreement.

    

    Termination:

    

    At the
end of thirty-six months the Agreement can be cancelled by written consent of
both E-ViEWS and the DEALER.

     

    Product
Discontinuance:

    

    E-ViEWS
reserves the unilateral right, without liability, to cease making available any
or all PRODUCTS. Notice will be provided DEALER in the form of noted changes to
the E-ViEWS DEALER Price Schedule(s) or in other legal forms. Any DEALER orders
that are received within 30 days of PRODUCT a cancellation notice will be
honored.

    

    Indemnification:

    

    The
DEALER agrees to indemnify E-ViEWS against, including reasonable attorney’s fees
and cost of litigation, and hold E-ViEWS harmless from, any and all claims by
any other party resulting from the DEALER’s acts (other than mere marketing of
PRODUCTS), omissions, or misrepresentation, regardless of the form of action,
notwithstanding any other term of this Agreement.

     

    
 

    
      
        
           

        

        
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    Limitation of
Remedies:

    

    In the
event of failure of either party to fulfill any of its obligations hereunder,
the exclusive remedy of the other party shall be to request that such obligation
be fulfilled and, if that does not occur promptly thereafter, to terminate this
Agreement, and where appropriate, bring an action for any moneys due hereunder
and/or in the case of E-ViEWS to seek enforcement of its rights regarding
copyrights, trademarks or trade names and enforcement of the DEALER’s obligation
to cease representing itself as an Authorized DEALER for PRODUCTS .

    

    Neither
party shall have any liability for damages to the other for any violation of the
terms of this Agreement except for moneys due hereunder and neither party shall
have any liability to the other for lost profits or other consequential damages,
even if advised of the possibility of such damages, or for any claim by any
third party except as expressly stated in the Agreement. The foregoing
limitation of liability will not apply to the payments of costs, damages and
attorney’s fees referred to in the Sections “Trademarks and Related Matters” and
“Indemnification”.

    

    DEALER
agrees to pay E-ViEWS reasonable attorney’s fees and costs of litigation if for
any cause whatsoever either party brings suit against the other and if E-ViEWS
is liable to DEALER for any fees DEALER incurs in such litigation, unless DEALER
prevails, then E-ViEWS shall be liable for reasonable attorney’s fees of
DEALER.

    

    General:

    

    This
Agreement is not assignable without the prior written consent of E-ViEWS. Any
attempt to assign any of the rights, duties or obligations of this Agreement
without such consent is void. For the purpose of this Agreement, the term
Assignment includes the transfer of effective voting control of a majority of
DEALER’s voting common stock if DEALER is a corporation or if DEALER is a
partnership the change in any of the general partners of DEALER after the
execution of this Agreement.

    

    The
entire Agreement between the parties is incorporated in this Agreement and it
supersedes and merges all prior discussions and Agreements between the parties
relating to the subject matter hereof. This Agreement can be modified only by a
written amendment duly signed by persons authorized to sign agreements on behalf
of the DEALER and E-ViEWS and shall not be supplemented or modified by any
course of dealing or trade usage. Variance from or addition to the terms and
conditions of this Agreement in any order or other written notification from the
DEALER will be of no effect. The term “Agreement” as used herein includes any
applicable Schedule(s), Appendices or future written amendments made in
accordance herewith.

    

    Any of
the attached Appendices A, B, C, or D may be amended with the written agreement
of both parties to this Agreement, evidenced by both parties signing and dating
replacement Appendix on a date subsequent to the original date of this
agreement, or subsequent to the date of a prior amendment.

    

    Any
obligations and duties, which by their nature extend beyond the expiration or
termination of this Agreement shall survive any expiration or termination and
remain in effect.

     

    
 

    
      
        
           

        

        
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    If any
provision or provisions of this Agreement shall be held to be invalid, illegal
or unenforceable, the validity, legality and enforceability of the remaining
provisions shall not in any way be affected or impaired thereby.

    

    E-ViEWS
is not responsible for failure to fulfill its obligations under this agreement
due to cause beyond its control or, to provide support or service hereunder for
PRODUCTS located outside the United States and Canada.

    

    No
action, except those regarding claims by third parties, copyrights, trademarks
or trade names and enforcement of the DEALER’s obligations to cease representing
itself as an Authorized DEALER for E-ViEWS Products, regardless of form, arising
out of this Agreement may be brought by either party more than two years after
the cause of actions has arisen, or, in the case of non-payment, more than four
years from the date the last payment was due.

    

    This
Agreement is governed by the laws of the State of California.

     

    
 

    
      
        
           

        

        
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    THE
DEALER ACKNOWLEDGES THAT THE DEALER HAS READ THIS AGREEMENT, UNDERSTANDS IT, AND
AGREES TO BE BOUND BY ITS TERMS AND CONDITIONS. FURTHER, THE DEALER AGREES THAT
IT IS THE COMPLETE AND EXCLUSIVE STATEMENT OF THE AGREEMENT BETWEEN THE PARTIES,
WHICH SUPERSEDES ALL PRIOR AGREEMENTS, ORAL OR WRITTEN, AND ALL OTHER
COMMUNICATIONS BETWEEN THE PARTIES RELATING TO THE SUBJECT MATTER OF THIS
AGREEMENT.

     

    
      
        
          
            
              
                
                  
                    	
                            Agreed
      to by DEALER:

                          	 
      	 
      	
                            Agreed
      to by:

                          
	 
      	 
      	 
      	 
      	 
      
	
                            EPGI
      FIRECREEK, Inc.

                          	 
      	 
      	
                            E-ViEWS
      Safety Systems, Inc.

                          
	
                             

                          	
                            Dennis
      R Alexander  

                          	 	 	  
	
                            By:

                          	  
      	 
      	
                            By:

                          	
                             

                          
	 
      	
                            Name
      (Type or Print)

                          	 
      	 
      	
                            Name
      (Type or Print)

                          
	 
      	 
      	 
      	 
      	 
      
	 
      	
                            /s/
      Dennis R
      Alexander 

                          	 
      	 
      	 
      
	 
      	
                            Authorized
      Signature

                          	 
      	 
      	
                            Authorized
      Signature

                          
	 
      	 
      	 
      	 
      	 
      
	 
      	
                            CEO

                          	 
      	 
      	 
      
	 
      	
                            Title

                          	 
      	 
      	
                            Title

                          
	 
      	 
      	 
      	 
      	 
      
	
                            On:

                          	
                            July 20, 2010

                          	 
      	
                            On:

                          	
                             

                          
	 
      	
                            Date

                          	 
      	 
      	
                            Date

                          

                  

                

              

            

          

        

      

    

     

    
 

    
      
        
           

        

        
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    APPENDIX
A

    DEALER
PLACE OF BUSINESS

     

    DEALER:
EPGI FIRECREEK, Inc. having a place of business at:

     

    (Street
Address)

    

    (City,
State, Zip)

     

    APPENDIX
B

    AUTHORIZED
LOCATIONS

     

    1)           E-ViEWS
hereby appoints the DEALER as an E-ViEWS authorized DEALER only for the
following counties and states listed below:

     

    
      
        	
                STATE:

              	
                FLORIDA

              
	
                COUNTIES:

              	
                ALL

              
	 
      	 
      
	
                STATE:

              	
                LOUISIANA

              
	
                COUNTIES:

              	
                ALL

              
	 
      	 
      
	
                STATE:

              	
                NORTH
      CAROLINA

              
	
                PAIRISHES:

              	
                ALL

              
	 
      	 
      
	
                STATE:

              	
                ALABAMA

              
	
                COUNTIES:

              	
                ALL

              

      

    

    

    2)           E-ViEWS
hereby grants EPGI FireCreek, Inc. the right to market and sell E-ViEWS products
in the following countries:  UNITED KINGDOM AND IRELAND.

     

    
 

    
      
        
           

        

        
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    APPENDIX
C

      PRODUCTS

     

    
      	
               
      

            	
              1.

            	
              IntelliCON
      EVP System, Hardware Components, Software,
  Spares

            

    

    IntelliCorr
Intersection Modules

    IntelliTran/EV
Mobile Transponders

    IntelliNet
Wireless Network Nodes

    IntelliMon/EVP
Remote Management Software

    IntelliMon/AVL
Asset Management Software

    
      	
               
      

            	
              2.

            	
              IntelliCON
      TSP System, Hardware Components, Software,
  Spares

            

    

    IntelliCorr
Intersection Modules

    IntelliTran/TV
Mobile Transponders

    IntelliNet
Wireless Network Nodes

    IntelliMon/TSP
Remote Management Software

    IntelliMon/AVL
Asset Management Software

    
      	
               
      

            	
              3.

            	
              IntelliCON
      LRV System, Hardware Components, Software,
  Spares

            

    

    IntelliCorr
Intersection Modules

    IntelliTran/LRV
Mobile Transponders

    IntelliNet
Wireless Network Nodes

    IntelliMon/LRV
Remote Management Software

    IntelliMon/AVL
Asset Management Software

    
      	
               
      

            	
              4.

            	
              IntelliSigns,
      Hardware Components, Software,
Spares

            

    

    IntelliSign/VMS
Variable Message Signs

    IntelliSign/DMS
Dynamic Message Signs

    IntelliSign/CUS
Custom Message Signs

    
      	
               
      

            	
              5.

            	
              ATLAS
      Fleet Management System, Hardware Components, Software,
    Spares

            

    

    ATLASTran
Mobile Transponder

    ATLASNet
Wireless Network Nodes

    ATLASMon
Fleet Management Software

    
      	
               
      

            	
              6.

            	
              TIME
      SERVER

            

    

    TS
2070

    TS
802 (M50)

     

    

     

    
      
        
           

        

        
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    APPENDIX
D

      PRODUCT
DISCOUNTS

     

    Product
discounts will be computed on the basis of sales and product training. It is the
responsibility of DEALER to schedule with E-ViEWS for initial sales and
technical product training. At the completion of each session of training,
DEALER will be certified on the particular PRODUCT for sales and/or technical
support. DEALER discount is based on the level of certification and training as
follows:

     

    Finders
Fee:

     

    DEALER
will receive for each sale made by DEALER a 5% Finders Fee for the setup,
attendance, and arrangement of a presentation meeting with a prospective
customer that leads to the sale of PRODUCT. The Finders Fee requires Level 1 of
Sales Training defined in the Agreement.

     

    Sale of
Product(s):

     

    DEALER
will receive a purchase discount of 15% for PRODUCTS that are listed on
the         E-ViEWS DEALER Price
Schedule(s) if DEALER achieves certification of systems and solutions sales
training (Levels 2 and 3) on the PRODUCTS that are being delivered to customer.
DEALER is responsible for full sales and delivery of PRODUCTS.

     

    Sale and Technical Support
of PRODUCTS:

     

    DEALER
will receive a purchase discount of 25% for PRODUCTS that are listed on
the         E-ViEWS DEALER Price
Schedule(s) if DEALER achieves certification of systems and solutions sales
training (Levels 2 and 3) along with technical support training on the PRODUCTS
that are being delivered to customer.  DEALER is responsible for full
sale, delivery, installation, setup and configuration, and after sale technical
support of PRODUCTS.

     

     
 

    
      
        
           

        

        
          Page 11
of 11Exhibit 10.1
    

    

    

    
      AMENDED AND RESTATED ADMINISTRATIVE SERVICES AGREEMENT
    

    
      This AMENDED AND RESTATED ADMINISTRATIVE SERVICES AGREEMENT (the
      “Agreement”) is made effective as of August 20, 2010 (the “Effective
      Date”), by and between Pacific Income Advisers, a Delaware corporation
      (“PIA”), and Anworth Mortgage Asset Corporation, a Maryland corporation
      (“Anworth”).
    

    
      R E C I T A L S:
    

    
      A.        Anworth is in the business of investing primarily in United
      States agency mortgage-backed securities that it acquires in the
      secondary market;
    

    
      B.        Anworth desires PIA to provide to it certain services and
      equipment as it may require, and PIA desires to provide such services
      and equipment to Anworth, in accordance with the terms and conditions
      hereof.
    

    
      A G R E E M E N T:
    

    
      NOW, THEREFORE, in consideration of the foregoing recitals and the
      agreements contained herein, the parties hereby agree as follows:
    

    
      1.  Services to be Performed by PIA.
    

    
      1.1  Services.  PIA shall furnish to Anworth and
      Anworth shall utilize the services described in Schedule A-1
      attached hereto (collectively, the “Services”).  
    

    
      During the term of this Agreement, PIA will use its best efforts to
      conduct its duties hereunder in the best interests of Anworth and in a
      lawful manner in compliance with applicable laws, statutes, rules and
      regulations.  PIA shall provide the Services with the same degree of
      care, skill and prudence customarily exercised by it for its own
      operations.  The Services provided by PIA to Anworth shall be made
      available by PIA at such level of utilization as Anworth may reasonably
      require following the date hereof.
    

    
      1.2  Inspection; Furnishing of Information and Witnesses.  PIA
      shall permit Anworth, and its authorized representatives, to enter upon
      PIA’s premises during normal business hours for the purpose of examining
      or inspecting Anworth’s records or examining or making extracts of
      Anworth’s books and records related to the Services; provided, however,
      that the same shall be conducted without unreasonable interference or
      disruption to the business and operation of PIA.
    

    
      PIA also agrees to use its best efforts to make available to Anworth,
      upon Anworth’s request, PIA’s officers, employees and agents as
      witnesses to the extent that such persons may reasonably be required in
      connection with any legal, administrative or other proceedings relating
      to the Services in which Anworth may, from time to time, be
      involved.  Anworth agrees to reimburse PIA for its reasonable
      out-of-pocket expenses incurred in making such officers, employees and
      agents available as witnesses.
    

    
      
        

        

      

      
        
          1
        

        
          

        

      

      
        

        

      

    

    

    

    
      2.  Term and Termination.
    

    
      The term of this Agreement shall be from the Effective Date until the
      one year anniversary of the Effective Date.  Thereafter, this Agreement
      shall automatically renew for successive one-year terms, unless written
      notice of either parties’ intent not to renew is received by the other
      party no less than thirty (30) days prior to the expiration of the term
      or the applicable renewal period.  Notwithstanding the foregoing,
      Anworth shall have the sole and exclusive right to terminate this
      Agreement without liability (other than for accrued but unpaid
      liabilities provided hereunder) (i) for any reason upon thirty (30) days
      prior written notice to PIA, and (ii) immediately upon any material
      breach by PIA of its obligations hereunder.
    

    
      3.  Compensation.
    

    
      As full payment for providing the Services, Anworth shall pay PIA the
      amount set forth on Schedule A-2 attached hereto, subject to
      adjustment as described below (the “Service Charges”).  If, for any
      reason, Anworth’s requirements for the level, scope or type of Services
      to be provided above significantly decreases or completely terminates at
      any time during the term of this Agreement, the Service Charges for such
      Service or Services shall immediately be decreased or eliminated
      accordingly.
    

    
      PIA shall bill Anworth on a monthly basis within thirty (30) days of the
      end of each calendar month, and Anworth shall pay the amount billed to
      it within thirty (30) days of receipt of such bill.
    

    
      If this Agreement is terminated effective on some day other than the
      last day of a month, the Service Charges shall be prorated based on the
      number of days the Agreement was in effect during the month and the
      actual number of days in such month.
    

    
      4.  Banking.
    

    
      Any and all monies received by PIA on behalf of Anworth in the business
      and performance of its duties under this Agreement shall be received in
      trust and deposited in special accounts bearing the name of Anworth at
      such banking institutions and with such authorized signatories as
      Anworth specifies.  Such monies shall not be commingled with PIA’s funds
      and may be withdrawn from the accounts only by Anworth.
    

    
      5.  Litigation.
    

    
      PIA shall, as soon as it becomes aware of any threatened or potential
      legal, administrative or other proceedings involving Anworth, promptly
      notify Anworth of such threatened or potential proceeding in writing,
      and shall promptly provide to Anworth the originals of any and all
      correspondence and other documents related thereto that PIA receives.
    

    
      6.  Books and Records.
    

    
      6.1  Proprietary.  All books of account, accounting and
      personnel records, customers’ and suppliers’ lists, documents, vouchers,
      letters and all other papers and records (in whatever form stored or
      recorded) pertaining to the Services and information provided to Anworth
      hereunder shall be the property of Anworth.
    

    
      
        

        

      

      
        
          2
        

        
          

        

      

      
        

        

      

    

    

    

    
      6.2  Maintenance; Delivery.  PIA agrees to maintain
      books and records pertaining to the Services and information provided
      hereunder in accordance with Anworth’s internal control procedures and
      shall deliver all such records to Anworth, at Anworth’s sole expense,
      promptly upon the expiration of this Agreement.
    

    
      7.  Confidentiality.
    

    
      7.1  Duty of Confidentiality.  The parties agree: (i)
      to hold in trust and maintain confidential; (ii) not to disclose to
      others without prior written approval from the disclosing party; (iii)
      not to use for any purpose, other than such purpose as may be authorized
      in writing by the disclosing party or pursuant to this Agreement; and
      (iv) to prevent duplication of and disclosure to any other party, any
      Information received from the disclosing party or developed, presently
      held or continued to be held, or otherwise obtained, by the receiving
      party under this Agreement.
    

    
      7.2  Information.  “Information” shall mean all
      information disclosed by either party to the other orally, visually, in
      writing, or in any other tangible form, and shall include, but is not
      limited to, all technical information, financial plans, computer
      databases and similar information disclosed in connection with this
      Agreement.
    

    
      7.3  Exceptions.  The foregoing obligations of
      confidentiality, non-disclosure and non-use shall not apply to any
      Information to the extent that the obligated party can show that: (i)
      such Information is or becomes knowledge generally available to the
      public other than through the acts or omissions of the obligated party;
      (ii) such Information is subsequently received by the obligated party on
      a non-confidential basis from a third party who did not receive it
      directly or indirectly from the disclosing party; or (iii) disclosure of
      such Information is required under applicable law or regulations.
    

    
      Specific elements of Information shall not be deemed to come under the
      above exceptions merely because they are embraced by more general
      Information which is or becomes public knowledge.
    

    
      8.  Indemnification.  Anworth shall indemnify, defend
      and hold harmless PIA and each of its directors, officers, employees and
      agents from and against all direct damages, losses and out-of-pocket
      expenses (including reasonable legal fees) (“Losses”) caused by or
      arising out of the performance of PIA’s obligations and agreements
      hereunder, except where such Losses are caused by or arise from PIA’s
      bad faith, gross negligence or recklessness in the performance or the
      failure in the performance of its duties hereunder.
    

    
      9.  Miscellaneous.
    

    
      9.1  No Partnership or Joint Venture.  Nothing
      contained in this Agreement shall constitute or be construed to be or
      create a partnership or joint venture between PIA or its respective
      successors or assigns on the one hand and Anworth or its respective
      successors or assigns, on the other hand.
    

    
      
        

        

      

      
        
          3
        

        
          

        

      

      
        

        

      

    

    

    

    
      9.2  Assignment.  Neither this Agreement nor any
      rights, duties or obligations hereunder may be assigned or delegated by
      any of the parties, in whole or in part, whether voluntarily, by
      operation of law or otherwise.  Any attempted assignment or delegation
      in violation of this prohibition shall be null and void.  Subject to the
      foregoing, all of the terms and provisions hereof shall be binding upon,
      and inure to the benefit of, the permitted successors and assigns of the
      parties.  Nothing contained herein, express or implied, is intended to
      confer on any person other than the parties or their respective
      permitted successors and assigns, any rights, remedies, obligations or
      liabilities under or by reason of this Agreement.
    

    
      9.3  Specific Performance.  PIA acknowledges that the
      remedy at law for any breach, or threatened breach, of its obligations
      and duties hereunder will be inadequate and, accordingly, covenants and
      agrees that, with respect to any rights or remedies that Anworth may
      have and regardless of whether such other rights or remedies have been
      previously exercised, Anworth is entitled to such equitable and
      injunctive relief as may be available.
    

    
      9.4  Notices.  All notices and other communications
      required or permitted hereunder shall be in writing, shall be deemed
      duly given upon actual receipt, and shall be delivered (i) in person;
      (ii) by registered or certified mail (air mail if addressed to an
      address outside of the country in which mailed), postage prepaid, return
      receipt requested; (iii) by a generally recognized overnight courier
      service which provides written acknowledgment by the addressee of
      receipt; or (iv) by facsimile or other generally accepted means of
      electronic transmission (provided that a copy of any notice delivered
      pursuant to this clause (iv) shall also be sent pursuant to clause
      (ii)), addressed as follows:
    

    
    	
           
        	
          If to PIA:
        
	

        	
          1299 Ocean Avenue
        
	

        	
          Suite 210
        
	

        	
          Santa Monica, California 90401
        
	

        	
          Attention: Heather U. Baines
        
	

        	
          Fax: (310) 434-0100
        
	

        	
           
        
	

        	
          If to Anworth:
        
	

        	
          1299 Ocean Avenue
        
	

        	
          Second Floor
        
	

        	
          Santa Monica, California 90401
        
	

        	
          Attention: Lloyd McAdams
        
	

        	
          Fax: (310) 434-0070
        

    

    
      or to such other addresses as may be specified by like notice to the
      other party.
    

    
      9.5  Applicable Law.  This Agreement shall be governed
      by and construed in accordance with the laws of the State of California,
      without regard to conflict of laws principles.
    

    
      9.6  Amendments and Waivers.  No modification,
      amendment, termination or waiver of any provision of this Agreement, nor
      consent to any departure therefrom, shall in any event be effective
      unless the same shall be in writing and signed by the parties, and then
      such waiver or consent shall be effective only in the specific instance
      and for the purpose for which given.  Neither any course of dealing nor
      any failure or delay on the part of any of the parties in exercising any
      right, power or privilege hereunder shall impair any such power, right
      or privilege or operate as a waiver thereof or as a waiver or
      acquiescence in any default, nor shall any single or partial exercise
      thereof preclude any other or further exercise of any other right, power
      or privilege.  No notice to or demand on any of the parties in any case
      shall entitle such party to any other or further notice or demand in the
      same, similar or other circumstances.
    

    
      
        

        

      

      
        
          4
        

        
          

        

      

      
        

        

      

    

    

    

    
      9.7  Attorneys’ Fees; Costs and Expenses.  In any
      action or proceeding brought to enforce any provision of this Agreement,
      or where any provision hereof is validly asserted as a defense, the
      successful party shall be entitled to recover reasonable attorneys’ fees
      in addition to its costs and expenses and any other available remedy.
    

    
      9.8  Invalidity.  If any provision of this Agreement is
      too broad to permit enforcement to its full extent, such provision shall
      nevertheless be enforced to the maximum extent permitted by law, and
      each party agrees that such provisions may be judicially modified
      accordingly in any proceeding brought to enforce this Agreement.  If any
      portion of this Agreement shall be held to be indefinite, invalid or
      otherwise entirely unenforceable, the entire Agreement shall not fail on
      account thereof.  The balance of this Agreement shall continue in full
      force and effect.
    

    
      9.9  Section and Other Headings.  Section titles are
      for descriptive purposes only and shall not control or alter the meaning
      of this Agreement as set forth in the text.
    

    
      9.10  Counterparts.  This Agreement may be executed in
      one or more counterparts, all of which shall be considered one and the
      same agreement, and shall become effective when one or more counterparts
      have been signed by each party and delivered to each party.
    

    
      9.11  Further Actions.  Subject to the terms and
      conditions of this Agreement, each of the parties agrees to use all
      commercially reasonable efforts to take, or cause to be taken, all
      action necessary, proper or advisable to consummate and make effective
      the transactions contemplated by this Agreement.
    

    
      9.12  Termination of Past Agreements.  The
      Administrative Services Agreement by and between PIA and Anworth made as
      of December 29, 2008 is hereby terminated as of the Effective Date.
    

    
      
        

        

      

      
        
          5
        

        
          

        

      

      
        

        

      

    

    

    

    
      IN WITNESS WHEREOF, PIA and Anworth have caused this Agreement to be
      signed by their duly authorized respective officers, all as of the 20th
      day of August, 2010.
    

    
    	
           
        	
          PACIFIC INCOME ADVISERS, INC.
        
	

        	

        	
           
        
	

        	

        	
           
        
	

        	

        	
           
        
	

        	
          By:
        	
          
            /s/ Heather U. Baines
          

        
	

        	

        	
          Name: Heather U. Baines
        
	

        	

        	
          Title: Chief Executive Officer
        
	

        	

        	
           
        
	

        	

        	
           
        
	

        	
          ANWORTH MORTGAGE ASSET CORPORATION
        
	

        	

        	
           
        
	

        	

        	
           
        
	

        	

        	
           
        
	

        	
          
            By:
          

        	
          
            /s/ Lloyd McAdams
          

        
	

        	

        	
          Name: Lloyd McAdams
        
	

        	

        	
          Title: Chief Executive Officer
        

    

    
      
        

        

      

      
        
          6
        

        
          

        

      

      
        

        

      

    

    

    

    
      SCHEDULE A-1
    

    
      SERVICES AND EQUIPMENT
    

    
    	
          1.
        	
          SERVICES
        
	

        	
          (i)
        	
          Administrative, secretarial, accounting and bookkeeping services;
        
	

        	
          (ii)
        	
          Human Resource services, including, but not limited to, payroll and
          benefits;
        
	

        	
          (iii)
        	
          Data processing, including, but not limited to, computer
          programming, systems support, computer servers and computer
          operations;
        
	

        	
          (iv)
        	
          Maintenance and repair of computer systems and office equipment;
        
	

        	
          (v)
        	
          Remote primary server facilities, back-up and server maintenance and
          updates and email archiving;
        
	

        	
          (vi)
        	
          Disaster recovery and business continuation hot site access and
          facilities;
        
	

        	
          (vii)
        	
          Access to third party Information Technology support.
        
	

        	
          (viii)
        	
          Stockholder communication services, including, but not limited to,
          distribution of written materials to stockholders of Anworth;
        
	

        	
          (ix)
        	
          Portfolio accounting services and settlement services, including,
          but not limited to, settlement of trades;
        
	

        	
          (x)
        	
          Use of telephone lines and DS3;
        
	

        	
          (xi)
        	
          Usage of off-site storage facilities;
        
	

        	
          (xii)
        	
          Usage of parking facilities;
        
	

        	
          (xiii)
        	
          Graphic services for Web site and for materials distributed,
          including, but not limited to, letterhead and promotional materials;
        
	

        	
          (xiv)
        	
          Receptionist services; and
        
	

        	
          (xv)
        	
          Research.
        
	

        	

        	
           
        
	
          2.
        	
          EQUIPMENT
        
	

        	
          (i)
        	
          Office furniture and equipment to be determined by the parties;
        
	

        	
          (ii)
        	
          Computer equipment to be determined by the parties;
        
	

        	
          (iii)
        	
          Office and kitchen supplies.
        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      SCHEDULE A-2
    

    
      SERVICE CHARGES
    

    
      The “Service Charges” shall be calculated as the product of (a)
      Anworth’s Stockholder Equity as shown on Anworth’s Balance Sheet for the
      immediately preceding quarter multiplied by (b) the Applicable
      Percentage, as set forth in the table below.  The Service Charges shall
      be calculated quarterly in arrears on the equity values on the last day
      of each quarter and paid on or before the thirtieth day of the first
      month of each subsequent quarter. The Service Charges for any partial
      quarter shall be prorated based on the number of days during such
      quarter that this Agreement is in effect.
    

    
    	
          
            Stockholder Equity
          

        	
          
            Applicable Percentage
          

        
	
          First $225 million
        	
          0.05%
        
	
          All thereafter
        	
          0.0125%
        

    

    
      If, for any reason, Anworth’s requirements for the level, scope or type
      of Services and Equipment to be provided above significantly decreases
      or completely terminates at any time during the term of this Agreement,
      the Fee for such Services and Equipment shall immediately be decreased
      or eliminated accordingly.
    

    
      If this Agreement is terminated on any day other than the last day of
      the quarter, then, within ten (10) days after such termination of this
      Agreement, PIA shall refund to Anworth any Fee previously paid for such
      quarter in excess of the prorated Fee amount for such quarter.

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