Exhibit 10.21

 

Deerfield Capital Corp.

6250 North River Road

Rosemont, IL 60018

 

February 14, 2011

 

Mr. Peter H. Rothschild

Interim Chairman of the Board of Directors of

Deerfield Capital Corp.

130 East 59th Street, 12th Floor

New York, NY 10022

 

Dear Mr. Rothschild.

 

The purpose of this letter (the “Amendment”) is to amend the terms of the letter
agreement that Deerfield Capital Corp. (the “DFR”) entered into with you on
March 22, 2010 (the “Agreement”) to extend, for the 2011 year, certain of the
compensation terms established in the Agreement.  Capitalized terms used but not
defined herein shall have the meanings set forth in the Agreement.

 

Accordingly, the Agreement is hereby amended as follows:

 

1.                                       The Base Fee and the Expense
Reimbursement shall be payable to on a prorated basis you for the period
January 1, 2011 through the earlier of (a) December 31, 2011 and (b) the closing
date of the merger contemplated by the Agreement and Plan of Merger by and among
DFR, Bulls I Acquisition Corporation, Bulls II Acquisition LLC, CIFC Parent
Holdings LLC and Commercial Industrial Finance Corp., subject to the terms and
conditions set forth in the Agreement (including, without limitation, the
termination of the Base Fee and the Expense Reimbursement, at the discretion of
the Committee, upon 30 days notice to you).

 

2.                                       All references to “2010” in the
Agreement shall be to “2011.”

 

3.                                       Section 2 of the Agreement is deleted
in its entirety.

 

--------------------------------------------------------------------------------

 

By your execution and delivery to DFR of a copy of this Amendment, this
Amendment will amend the Agreement and become a legal obligation of the parties.

 

 

 

 

Deerfield Capital Corp.

 

 

 

 

 

 

 

 

By:

/s/ Jonathan W. Trutter

 

 

Name:

Jonathan W. Trutter

 

 

Its:

Chief Executive Officer

 

 

 

 

 

 

Agreed and Acknowledged:

 

 

 

 

 

 

 

 

/s/ Peter H. Rothschild

 

 

Peter H. Rothschild

 

 

 

--------------------------------------------------------------------------------