Fieldstone Investment Corp Watch

from 8-K ~5 pages Eighth Amendment to Second Amended and Restated Master Repurchase Agreement Governing Purchases and Sales of Mortgage Loans

from 8-K ~1 page Seventh Amendment to Second Amended and Restated Master Repurchase Agreement Governing Purchases and Sales of Mortgage Loans

from 8-K ~5 pages Sixth Amendment to Second Amended and Restated Master Repurchase Agreement Governing Purchases and Sales of Mortgage Loans

from 8-K ~10 pages Fifth Amendment to Second Amended and Restated Master Repurchase Agreement Governing Purchases and Sales of Mortgage Loans

from 8-K 1 page Fourth Amendment to Second Amended and Restated Master Repurchase Agreement Governing Purchases and Sales of Mortgage Loans

from 8-K 3 pages Waiver and Third Amendment to Second Amended and Restated Master Repurchase Agreement Governing Purchases and Sales of Mortgage Loans

from 8-K ~5 pages Credit Suisse, New York Branch

from 8-K ~50 pages Amended and Restated Master Repurchase Agreement Credit Suisse, New York Branch, as Administrative Agent (“Administrative Agent”) Fieldstone Investment Corporation, as Seller (“Seller”), Fieldstone Mortgage Company, as Seller (“Seller”) and the Several Group Agents, Conduit Buyers and Committed Buyers Party Hereto From Time to Time Dated November 14, 2006 1

from 8-K 1 page Second Amendment to Second Amended and Restated Master Repurchase Agreement Governing Purchases and Sales of Mortgage Loans

from 8-K 1 page Amendment No. 3 to 4/04 Amended and Restated Senior Secured Credit Agreement

from 10-Q ~5 pages Position: Executive Vice President West Division Duties: Manage All Aspects of the Production and Funding of Non-Conforming Loans in the West Division Report To: President End Date: December 31, 2006 Office(s): Encinitas and Irvine, California Base Salary: $200,000 Bonus: If You Achieve the Specific Criteria for a Bonus Established by Fieldstone Each Year, Then You Will Be Eligible to Receive Up to the Following Bonus Amounts: 1.50% of the Net Contribution of Your Division at or Above Plan, and 0.75% of the Net Contribution of Your Division Below Plan, Payable Monthly Overrides of 0.01% on Wholesale Fundings and 0.025% on Retail Fundings, Payable Monthly, Subject to a Monthly Aggregate Cap of $26,667 $200,000 Annually Based on Maintaining Agreed Operating Margins and Achieving Agreed Loan Quality Standards in Your Division, Payable in Quarterly Installments 25% of Your Earned Bonus May Be Paid by Issuance of Common Stock of the Company Vacation: 4 Weeks Competition Region: Those States in Which the West Division Originates Loans Competition Period: While You Are Employed by Fieldstone Extended Severance Term: 24 Months Extended Severance Amount: You Will Receive Monthly Payments Equal to 1/12 of Your Base Salary for the Term of the Extended Severance Period, Plus You Will Receive an Additional Monthly Payment Equal to 1/12 of $500,000

from 10-K ~5 pages Amendment No. 3 to Revolving Credit and Security Agreement

from 8-K 3 pages Amendment No. 2 to 4/04 Amended and Restated Senior Secured Credit Agreement

from 8-K 12 pages First Amendment to Second Amended and Restated Master Repurchase Agreement Governing Purchases and Sales of Mortgage Loans

from 10-Q 10 pages Credit Suisse, New York Branch

from 10-Q 84 pages Master Repurchase Agreement Credit Suisse, New York Branch, as Administrative Agent (“Administrative Agent”) Fieldstone Investment Corporation, as Seller (“Seller”), Fieldstone Mortgage Company, as Seller (“Seller”) and the Several Conduit Buyers and Committed Buyers Party Hereto From Time to Time Dated November 8, 2005

from 10-Q 3 pages Credit Suisse, New York Branch 11 Madison Avenue New York, New York 10010 November 8, 2005

from 8-K 14 pages 4/05 Amendment to Credit Agreement Preamble

from 8-K 81 pages Second Amended and Restated Master Repurchase Agreement Credit Suisse First Boston Mortgage Capital LLC, as Buyer (“Buyer”) or as Agent Pursuant Hereto (“Agent”), Fieldstone Mortgage Company, as Seller (“Seller”) and Fieldstone Investment Corporation, as Seller (“Seller”) Dated March 31, 2005

from POS AM 8 pages Seventh Amendment to Credit Agreement