SECURITIES PURCHASE AGREEMENT, DATED AS OF MAY 22, 2026, BETWEEN THE FUND AND THE PURCHASERS
Angel Oak Financial Strategies Income Term Trust
ANGEL OAK FINANCIAL STRATEGIES INCOME TERM TRUST 8-K
Exhibit 10.1
Execution Version
Angel Oak Financial Strategies Income Term Trust
Series A Mandatory Redeemable Preferred Shares
Securities Purchase Agreement
Dated as of May 22, 2026
Table of Contents
| Section | Heading | Page |
| Section 1. | Authorization of MRP Shares | 1 |
| Section 2. | Sale and Purchase of MRP Shares | 2 |
| Section 3. | Closing | 2 |
| Section 4. | Conditions to Closing | 3 |
| Section 4.1. | Representations and Warranties | 3 |
| Section 4.2. | Performance; No Default; Compliance with Supplement | 3 |
| Section 4.3. | Compliance Certificates | 3 |
| Section 4.4. | Opinions of Counsel | 3 |
| Section 4.5. | Purchase Permitted By Applicable Law, Etc | 3 |
| Section 4.6. | Sale of Other MRP Shares | 4 |
| Section 4.7. | Payment of Special Counsel Fees | 4 |
| Section 4.8. | Private Placement Number | 4 |
| Section 4.9. | Changes in Structure | 4 |
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