Amendment to Registration Rights Agreement between Aames Financial Corporation and Specialty Finance Partners

Summary

Aames Financial Corporation and Specialty Finance Partners have agreed to amend their existing Registration Rights Agreement, originally dated December 23, 1998. The amendment expands the definition of "Preferred Stock" to include shares of the Company's Series D Convertible Preferred Stock issued under a separate purchase agreement dated May 21, 2000. This change ensures that these new shares are covered by the same registration rights as previously agreed. Both parties have formally accepted and agreed to this amendment.

EX-10.24(B) 31 a2026323zex-10_24b.txt EXHIBIT 10.24(B) EXHIBIT 10.24(b) [AAMES FINANCIAL CORPORATION LETTERHEAD] July 12, 2000 Specialty Finance Partners 54 Thompson Street New York, NY 10012 Re: AMENDMENT OF REGISTRATION RIGHTS AGREEMENT Gentlemen: The Registration Rights Agreement, entered into between Aames Financial Corporation (the "COMPANY") and Specialty Finance Partners, as successor in interest to Capital Z Financial Services Fund II, L.P., dated as of December 23, 1998 is hereby amended such that the definition of "Preferred Stock" shall be deemed to include any shares of the Company's Series D Convertible Preferred Stock, par value $0.001 per share, issued pursuant to that certain Preferred Stock Purchase Agreement, dated as of May 21, 2000, as amended. [Signature Page to Follow] Very truly yours, AAMES FINANCIAL CORPORATION /s/ A. Jay Meyerson A. Jay Meyerson Chief Executive Officer ACCEPTED AND AGREED: SPECIALTY FINANCE PARTNERS By: /s/ CAPITAL Z FINANCIAL SERVICE FUND, II, L.P., A GENERAL PARTNER By: CAPITAL Z PARTNERS, LTD, 1B ULTIMATE GENERAL PARTNER Its: DAVID A. SPURIA David A Spuria General Counsel