AMENDMENT NO. 1
AMENDMENT NO. 1, dated as of September 29, 2006 (this "Amendment"), to the Third Amended and
Restated Master Repurchase Agreement, dated as of July 15, 2005, as amended, supplemented or otherwise
modified prior to the date hereof (the "Existing Repurchase Agreement"), each among AMERICAN HOME
MORTGAGE CORP., a New York corporation ("AHMC"), AMERICAN HOME MORTGAGE
INVESTMENT CORP., a Maryland corporation ("AHMIC"), AMERICAN HOME MORTGAGE
ACCEPTANCE, INC., a Maryland corporation ("AHMA"), AMERICAN HOME MORTGAGE
HOLDINGS, INC., a Delaware corporation ("AHMH"), AMERICAN HOME MORTGAGE SERVICING,
INC. (formerly known as Columbia National, Incorporated), a Maryland corporation ("AHMS" and, collectively
with AHMC, AHMIC, AHMA and AHMH, the "Seller" and each a "Seller Entity"), and IXIS REAL ESTATE
CAPITAL INC., a New York corporation ("Buyer").
W I T N E S S E T H:
WHEREAS, pursuant to the Existing Repurchase Agreement between the Seller and the Buyer, the Buyer has
agreed to purchase Mortgage Loans from time to time from the Seller, subject to the Seller's obligations to
repurchase such Mortgage Loans upon the terms and conditions set forth therein; and
WHEREAS, the Seller has requested and the Buyer has agreed to amend the Existing Repurchase Agreement to
modify certain covenants relating to the Seller;
NOW THEREFORE, in consideration of the premises set forth herein, and to induce the Buyer to make loans
under the Existing Repurchase Agreement to the Seller, the Seller hereby agrees with the Buyer as follows:
Section 1. Defined Terms. Unless otherwise defined herein, terms that are defined in the Existing Repurchase
Agreement and used herein are so used as so defined.
Section 2. Amendments.
(a) Section 2 of the Existing Repurchase Agreement is hereby amended to include the definition of "Alt-A Sub-
Limit" in the appropriate alphabetical order:
""Alt-A Sub-Limit" shall mean $100,000,000."
(b) Section 2 of the Existing Repurchase Agreement is hereby amende