Document:

Exhibit

Exhibit 10.10
DIRECTOR FORM

WALTER INVESTMENT MANAGEMENT CORP.
2017 Omnibus Incentive Plan

Nonemployee Director
Restricted Stock Unit Award Agreement

This RESTRICTED STOCK UNIT AWARD AGREEMENT (this “Agreement”) effective as of this _____ day of ______, 2017 (the “Date of Grant”), is between Walter Investment Management Corp., a Maryland corporation (the “Company”), and ____________________ (the “Participant”), a nonemployee member of the Company’s Board of Directors (the “Board”).  This award is made pursuant to the terms of the Company’s 2017 Omnibus Incentive Plan (the “Plan”).  The applicable terms of the Plan are incorporated herein by reference, and capitalized terms used herein but not defined shall have the meanings set forth in the Plan.
Section 1.   Restricted Stock Unit Award.  The Company hereby grants to the Participant, on the terms and conditions set forth herein, an Award of 90,278 restricted stock units (the “RSUs”).  The RSUs are notional, non-voting units of measurement based on the Fair Market Value of the Company’s Common Stock, which will entitle the Participant to receive a payment, subject to the terms hereof, in shares of Common Stock (“Shares”) within thirty (30) days following the applicable settlement date.
Section 2.       Vesting.  Subject to the terms and conditions set forth in the Plan and this Agreement, the RSUs shall be fully vested as of the Date of Grant.
Section 3.       Payment of Award
A.Participant Election.  The Participant has made an election prior to the Date of Grant, pursuant to an election form provided by the Company, to receive settlement of 100% the RSUs on one of the following dates (as applicable, the “Settlement Date”): (i) the Date of Grant, (ii) the date that is six (6) months following the Participant’s termination of Service from the Board, or (iii) the date that is the third (3rd) anniversary of the Date of Grant (without regard to any earlier termination of the Participant’s Service).  In the event that the Participant has not made an election prior to the Date of Grant, the Date of Grant shall be treated as the applicable Settlement Date.
B.Settlement of RSUs.  The Company shall deliver to the Participant within thirty (30) days following the Settlement Date a number of Shares equal to the aggregate number of RSUs subject to this Agreement (subject to the Participant’s election for net settlement pursuant to Section 3.D. hereof). 
C.Accelerated Settlement.  Notwithstanding the Participant’s election or anything herein to the contrary, upon the occurrence of a Change of Control, the Company shall deliver to the Participant, within thirty (30) days following the effective date of such Change of Control, a number of Shares equal to the aggregate number of RSUs subject to this Agreement (subject to the Participant’s election for net settlement pursuant to Section 3.D. hereof).  For this 

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purpose, “Change of Control” (as defined in the Plan) shall be limited to a “change in control event” as defined under Section 409A of the Code.
D.Net Settlement.  The Participant may elect, by notifying the Company prior to the Settlement Date or, if applicable, the effective date of a Change of Control, that a portion of the RSUs shall be settled in cash in respect of the Participant’s tax liability for settlement of the RSUs.  The amount that may be elected by the Participant for such purpose shall be equal to forty percent (40%) of the Fair Market Value of the number of RSUs being settled on the Settlement Date.   
Section 4.       Dividend Equivalent Rights.  In the event that any dividends are paid on the Shares while the RSUs remain outstanding, the Participant shall be credited with dividend equivalent rights in respect of the dividends paid on the Shares to which the Participant will be entitled to receive upon the settlement of the RSUs.  Such dividend equivalent rights will accumulate as dollar amounts (and not as additional RSUs), subject to the terms hereof.  All such dividend equivalent rights shall be subject to the same settlement provisions that apply to the RSUs generally.
Section 5.       Restrictions on Transfer.  No portion of the RSUs may be sold, assigned, transferred, encumbered, hypothecated or pledged by the Participant, other than to a designated beneficiary of the Participant, unless and until the settlement of the RSUs in accordance with Section 3 hereof.
Section 6.       Limitation of Rights.  The Participant shall not have any privileges of a shareholder of the Company with respect to the Shares payable hereunder, including without limitation any right to vote such Shares or to receive dividends or other distributions in respect thereof (other than as provided in Section 4 hereof), until the settlement of the RSUs and delivery of the Shares payable hereunder in accordance with Section 3 hereof.  
Section 7.       Changes in Capitalization.  The Award shall be subject to the provisions of Section 4.5 of the Plan relating to adjustments for changes in corporate capitalization.
Section 8.       Notices.  Any notice hereunder by the Participant shall be given to the Company in writing and such notice shall be deemed duly given only upon receipt thereof by the Secretary of the Company.  Any notice hereunder by the Company shall be given to the Participant in writing and such notice shall be deemed duly given only upon receipt thereof at such address as the Participant may have on file with the Company.
Section 9.       Construction.  This Agreement and the Award evidenced hereby are granted by the Company pursuant to the Plan and are in all respects subject to the terms and conditions of the Plan.  The Participant hereby acknowledges that a copy of the Plan has been delivered to the Participant and accepts the RSUs hereunder subject to all terms and provisions of the Plan, which is incorporated herein by reference.  In the event of a conflict or ambiguity between any term or provision contained herein and a term or provision of the Plan, then the Plan shall govern and prevail.  The construction of and decisions under the Plan and this Agreement are vested in the Committee, whose determinations shall be final, conclusive and binding upon the Participant.

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Section 10.       Governing Law.  This Agreement shall be construed and enforced in accordance with the laws of the State of Maryland, without giving effect to the choice of law principles thereof.
Section 11.       Counterparts.  This Agreement may be executed in counterparts, each of which shall be deemed to be an original but all of which together shall constitute one and the same instrument.
Section 12.       Binding Effect.  This Agreement shall be binding upon and inure to the benefit of the legatees, distributees, and personal representatives of the Participant and the successors of the Company.
Section 13.       Entire Agreement.  This Agreement and the Plan constitute the entire agreement between the parties with respect to the subject matter hereof and thereof, merging any and all prior agreements.

[SIGNATURES ON FOLLOWING PAGE]

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IN WITNESS WHEREOF, the Company and the Participant have executed this Agreement effective as of the date first above written.

WALTER INVESTMENT MANAGEMENT CORP.

By:                            

Name:                            

Title:                            

PARTICIPANT

By:                                                            
Print Name:                        

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WEIL:\96112031\10\79607.0001Exhibit

Exhibit 10.2.2
EXECUTION VERSION

AMENDMENT NO. 2 TO 
AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT

THIS AMENDMENT NO. 2 TO AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT, dated as of September 25, 2017 (this “Amendment”), amends that certain Amended and Restated Master Repurchase Agreement, dated as of May 22, 2017, as amended by that certain Amendment No. 1 to Amended and Restated Master Repurchase Agreement, dated as of August 8, 2017 (as further amended, restated, supplemented or otherwise modified from time to time, the “Repurchase Agreement”), among Reverse Mortgage Solutions, Inc. (“RMS”), RMS REO BRC, LLC (“REO Subsidiary” and, individually or collectively with RMS, as the context may require, “Seller”) and Barclays Bank PLC (“Barclays”), as the purchaser (in such capacity, “Purchaser”) and as the agent (in such capacity, the “Agent”). Unless otherwise defined herein, capitalized terms used in this Amendment have the meanings assigned to such terms in the Repurchase Agreement.
Recitals
WHEREAS, pursuant to Section 28 of the Repurchase Agreement, the parties hereto desire to amend the Repurchase Agreement to make such modifications as further described below.
NOW, THEREFORE, pursuant to the provisions of the Repurchase Agreement concerning modification and amendment thereof, and in consideration of the amendments, agreements and other provisions herein contained and of certain other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 
Agreements
Section 1.Amendment. Effective as of the date hereof (the “Effective Date”), the Repurchase Agreement is hereby amended as follows:
(a)    Section 2 of the Repurchase Agreement is hereby amended by deleting the defined term “Maturity Date” and replacing it with the following: 
“Maturity Date” means August 25, 2018.
Section 2.    Agreement in Full Force and Effect as Amended. As specifically amended hereby, the Repurchase Agreement remains in full force and effect. All references to the Agreement in any Program Document shall be deemed to mean the Repurchase Agreement as supplemented and amended hereby. This Amendment shall not constitute a novation of the Repurchase Agreement, but is a supplement thereto. The parties hereto agree to be bound by the terms and conditions of the Repurchase Agreement, as supplemented and amended by this Amendment, to the same effect as if such terms and conditions were set forth herein verbatim.
Section 3.    Conditions to Effectiveness of this Amendment. This Amendment shall become effective on the Effective Date so long as Seller shall have (i) paid to Purchaser and Agent and Purchaser and Agent shall have received as of the date hereof all accrued and unpaid fees and expenses owed to Purchaser and Agent in accordance with the Program Documents including, without limitation, the Upfront Fee as specified in the Fee Letter, dated as of September 13, 2017, and executed by Barclays and Walter Investment Management Corp., in each case, in immediately available funds, and without deduction, set-off or counterclaim, and (ii) delivered to Purchaser and Agent (a) a copy of this Amendment duly executed by each 

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of the parties hereto and (b) any other documents reasonably requested by Purchaser or Agent, each of which shall be in form and substance acceptable to Purchaser and Agent.
Section 4.    Representations.  In order to induce Purchaser and Agent to execute and deliver this Amendment, Seller hereby represents to Purchaser and Agent, that as of the date of this Amendment and after giving effect to the amendment provided for in Section 1 hereof, (i) each is in full compliance with all of the terms and conditions of the Program Documents and remains bound by the terms thereof and (ii) no Default or Event of Default has occurred and is continuing under the Program Documents.
Section 5.    Miscellaneous.
(a)    This Amendment shall be binding upon the parties hereto and their respective successors and assigns.
(b)    The various headings and sub-headings of this Amendment are inserted for convenience only and shall not affect the meaning or interpretation of this Amendment or the Repurchase Agreement or any provision hereof or thereof.
(c)    THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAWS PROVISIONS EXCEPT SECTIONS 5-1401 AND 5-1402 OF NEW YORK GENERAL OBLIGATIONS LAW, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.
(d)    This Amendment may be executed in one or more counterparts and by the different parties hereto on separate counterparts, including without limitation counterparts transmitted by facsimile or in .pdf format, each of which, when so executed, shall be deemed to be an original and such counterparts, together, shall constitute one and the same agreement.
(The remainder of this page is intentionally blank.)

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IN WITNESS WHEREOF, each undersigned party has caused this Amendment to be duly executed by one of its officers thereunto duly authorized as of the date and year first above written.

REVERSE MORTGAGE SOLUTIONS, INC.,
as a Seller 
 
 
By: /s/ Cheryl Collins             
Name:    Cheryl Collins
Title:    SVP

RMS REO BRC, LLC,
as a Seller  
 
 
By: /s/ Cheryl Collins             
Name:    Cheryl Collins
Title:    Manager

BARCLAYS BANK PLC,
as Purchaser and as Agent
 
 
By: /s/ Joseph O. 'Doherty             
Name:    Joseph O. 'Doherty
Title:    Managing Director

Signature Page to Barclays – RMS Amendment No. 2 to A&R MRA

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