SEC Contract Filing

Filing Date: 2021-11-18

Document Content:
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<FILENAME>bmnm8k20211117x101.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<div id="a1" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:312.1px;top:106.2px;">THIRD AMENDMENT TO </div><div id="a3" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:293.2px;top:124.6px;">MANAGEMENT AGREEMENT </div><div id="a5" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:120px;top:159px;">THIS THIRD AMENDMENT TO MANAGEMENT AGREEMENT</div><div id="a6" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:588.3px;top:159px;"><div style="display:inline-block;width:4px">&#160;</div>(the &#8220;</div><div id="a8" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:628.1px;top:159px;">Amendment</div><div id="a9" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:712.8px;top:159px;">&#8221;) is </div><div id="a10" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:72px;top:177.4px;">entered into effective as of November 16, 2021 (the &#8220;</div><div id="a11" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:414.1px;top:177.4px;">Effective Date</div><div id="a12" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:510.7px;top:177.4px;">&#8221;), by and between Orchid Island </div><div id="a13" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:72px;top:195.8px;">Capital, Inc., a Maryland corporation (the &#8220;</div><div id="a14" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:349.7px;top:195.8px;">Company</div><div id="a15" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:416.5px;top:195.8px;">&#8221;), and Bimini Advisors, LLC, a Maryland limited </div><div id="a16" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:72px;top:214.2px;">liability company (&#8220;</div><div id="a17" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:200.8px;top:214.2px;">Manager</div><div id="a18" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:262.9px;top:214.2px;">&#8221;). Capitalized terms used but not defined in this Amendment shall have </div><div id="a19" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:72px;top:232.6px;">the meanings set forth in the Agreement (as defined below). </div><div id="a21" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:334px;top:267px;">W I T N E S S E T H: </div><div id="a23" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:120px;top:301.5px;">WHEREAS</div><div id="a24" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:201.9px;top:301.5px;">, the Company and the Manager entered into a Management Agreement effective as </div><div id="a27" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:72px;top:319.9px;">of February 20, 2013, the First Amendment to Management Agreement effective as of April 1, 2014 and </div><div id="a32" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:72px;top:338.3px;">the Second Amendment to Management Agreement effective as of June 30, 2014 (collectively,<div style="display:inline-block;width:5.4px">&#160;</div>the </div><div id="a34" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:72px;top:356.7px;">&#8220;</div><div id="a35" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:79px;top:356.7px;">Agreement</div><div id="a36" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:154.6px;top:356.7px;">&#8221;);<div style="display:inline-block;width:4.1px">&#160;</div></div><div id="a38" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:120px;top:391.1px;">WHEREAS</div><div id="a39" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:201.9px;top:391.1px;">, the execution of repurchase agreement funding transactions and certain clearing </div><div id="a40" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:72px;top:409.5px;">and operational functions related to the Company&#8217;s trading act