Document:

exv10w13

Exhibit 10.13

SERIES 2 CLASS A UNIT AWARD AGREEMENT

UNDER THE FIF HE HOLDINGS LLC

FIFTH AMENDED AND RESTATED

LIMITED LIABILITY COMPANY AGREEMENT

          This Award Agreement (this “Agreement”), dated as of [    ] (the “Grant Date”),
is made by and between FIF HE Holdings LLC (the “Company”) and [    ] (the
“Participant”).

          WHEREAS, the Company has adopted the FIF HE Holdings LLC Fifth Amended and Restated Limited
Liability Company Agreement, dated as of [    ] (the “LLC Agreement”), which is incorporated
herein by reference and made a part of this Agreement. Capitalized terms not otherwise defined
herein shall have the same meanings as in the LLC Agreement; and

          WHEREAS, the Company has determined that it would be in the best interests of the Company and
its members to grant the Series 2 Class A Units (the “Units”) provided for herein to the
Participant pursuant to this Agreement and the LLC Agreement.

          NOW THEREFORE, in consideration of the mutual covenants hereinafter set forth, the parties
agree as follows:

          1. Award of Units. Subject to the terms and conditions hereof, the Company hereby
grants to the Participant [    ] Units (the “Award”), and the Participant hereby accepts the
grant of such Units from the Company. For the avoidance of doubt, the Participant shall not be
required to make a capital contribution with respect to the Units granted hereunder.

          2. Vesting.

               (a) General. Subject to the provisions set forth in this Section 2, the Units
granted to the Participant hereunder shall vest as follows:

	 	 	 
	 	 	Number of
	Vesting Date	 	Units
	[  ]

	 	[  ]
	[  ]

	 	[  ]
	[  ]

	 	[  ]

subject in each case to the continued Employment of the Participant from the date hereof through
the relevant “Vesting Date” set forth above, and provided that the Participant has not given or
received notice of termination of Employment, as of each such Vesting Date.

               (b) Following Certain Terminations of Employment. Subject to the provisions of
this Section 2(b), upon termination of the Participant’s Employment for any reason, any Units which
have not vested pursuant to the terms of Section 2(a) shall be immediately forfeited by the
Participant and transferred to, and reacquired by, the Company without consideration of any kind
and neither the Participant nor any of the Participant’s successors, heirs, assigns, or personal
representatives shall thereafter have any further rights or interests in such Units. Except as
otherwise provided in Section 3 hereof, the treatment of vested Units upon a termination of the

 

Participant’s Employment shall be as set forth in the LLC Agreement. Notwithstanding the
foregoing:

                    (i) Upon an involuntary termination of the Participant’s Employment without Cause during
the six (6) month period following the occurrence of a Change in Control, 100% of the unvested
Units shall immediately become vested.

                    (ii) Upon an involuntary termination of the Participant’s Employment without Cause either
(A) prior to the occurrence of a Change in Control or (B) more than six (6) months following the
occurrence of a Change in Control, the number of Units that would have vested on the next scheduled
vesting date (if any) pursuant to the schedule set forth in Section 2(a) shall immediately become
vested.

                    (iii) Upon a termination of the Participant’s Employment either by the Participant for
Good Reason or as a result of the death or Disability of the Participant, the number of Units that
would have vested on the next scheduled vesting date (if any) pursuant to the schedule set forth in
Section 2(a) shall immediately become vested.

               (c) Conversion of Company; Qualified Public Offering. Upon a conversion of the
Company as set forth in Section 16.1 of the LLC Agreement, each Unit shall be subject to the terms
of Section 16.1(a) of the LLC Agreement. Upon the consummation of a Qualified Public Offering, a
proportion of the unvested shares into which such Units were converted pursuant to the immediately
preceding sentence equal to the proportion of Units that would have vested on the next scheduled
vesting date (if any) pursuant to the schedule set forth in Section 2(a) shall immediately become
vested and shall be delivered to the Participant within sixty (60) days after the consummation of
the Qualified Public Offering. The remaining unvested shares (if any) shall remain subject to
their terms as in effect immediately prior to the conversion.

               (d) Change in Control. For purposes of this Agreement, “Change in Control” shall
mean: (i) any sale or other disposition of all or substantially all of the assets of the Company
(including without limitation by way of a merger or consolidation or through the sale of all or
substantially all of the stock or equity of the Subsidiaries or sale of all or substantially all of
the assets of the Company and the Subsidiaries, taken as a whole) to another person other than an
Affiliate of Fortress Investment Group LLC if, immediately after giving effect thereto, any Person
(or group of Persons acting in concert), other than the Persons owning a majority of the Class A
Units (or other voting power of the Company) prior to such sale (together with their Affiliates),
will have the power to elect the Company Manager (or other similar governing Person(s) or body) of
the purchaser or surviving company; or (ii) any change in the ownership of the capital or equity of
the Company if, immediately after giving effect thereto, the persons owning a majority of the Class
A Units (or other voting power of the Company) prior to such change (together with their
Affiliates) shall own, in the aggregate, less than 50% of the equity interests of the Company.

          3. Treatment of Vested Series 2 Class A Units Upon Termination of Employment.
Notwithstanding anything set forth to the contrary in Sections 9.11.3 and 9.11.4 of the LLC
Agreement, if the Repurchase Rights are exercised by the applicable Series upon the termination of
the Participant’s Employment, the Participant shall receive, no later than ninety (90) days
following the date on which the Repurchase Rights are exercised, an amount per each vested Series 2
Class A Unit held by the Participant, whether granted pursuant to this Agreement or

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otherwise, and including, for the avoidance of doubt, any applicable Purchased Units and Company Match Class
A Units (each such Series 2 Class A Unit, a “Management Unit”), equal to the Fair Market
Value of a Class A Unit as of the date of termination; provided, however, that if the Participant’s
Employment is terminated for Cause, the amount per each Management Unit shall instead be equal to
the lesser of (i) the Fair Market Value of a Class A Unit as of the date of termination and (ii)
the Fair Market Value of a Class A Unit as of the Grant Date. Notwithstanding anything set forth
to the contrary in Section 9.11.5 of the LLC Agreement, the Participant shall not have the right to
elect to require a Series to exercise its Repurchase Rights with respect to the Management Units
upon any termination of the Participant’s Employment.

          4. Certain Covenants. By executing this Agreement, the Participant agrees to
comply with all applicable restrictive covenants contained in any agreement between the Company and
the Participant (the “Restrictive Covenants”) and acknowledges that the Participant’s
obligations with respect to the Restrictive Covenants constitutes a material inducement for the
Company’s grant of the Award to the Participant.

          5. No Right to Continued Employment. The granting of the Award evidenced hereby
and this Agreement shall impose no obligation on the Company to continue the Employment of the
Participant and shall not lessen or affect the Company’s right to terminate the Employment of the
Participant.

          6. Notices. Any notices provided hereunder must be in writing and shall be deemed
effective one (1) business day following personal delivery (including personal delivery by
facsimile and confirmation of receipt) or overnight delivery by a courier of national reputation to
the recipient at the address indicated below:

To the Company:

FIF HE Holdings LLC

c/o Fortress Investment Group LLC

1345 Avenue of Americas

New York, New York 10105

Attention: Randal A. Nardone

Facsimile: 212.798.6120

With a copy, which shall not constitute notice, to:

Skadden, Arps, Slate, Meagher & Flom LLP

Four Times Square

New York, New York 10036

Attention: Regina Olshan

Facsimile: 917.777.3963

To the Participant:

[   ]

Facsimile: [_______]

or to such other address or facsimile number or to the attention of such other person as the
recipient party will have specified by prior written notice to the sending party.

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          7. Governing Law. This Agreement and all claims arising out of or based upon this
Agreement or relating to the subject matter hereof shall be governed by and construed in accordance
with the domestic substantive laws of the State of Delaware without giving effect to any choice or
conflict of laws provision or rule that would cause the application of the domestic substantive
laws of any other jurisdiction.

          8. Arbitration. Except as necessary for the Company and its successors or assigns
or the Participant to specifically enforce or enjoin a breach of this Agreement (to the extent such
remedies are otherwise available), the parties agree that any and all disputes that may arise in
connection with, arising out of or relating to this Agreement shall be submitted to binding
arbitration in Dallas, Texas according to the National Employment Dispute Resolution Rules and
procedures of the American Arbitration Association. The parties agree that the prevailing party in
any such dispute shall be entitled to reasonable attorneys’ fees, costs, and necessary
disbursements in addition to any other relief to which he or it may be entitled.

          9. Specific Performance. The Participant acknowledges and agrees that the
Company’s remedies at law for a breach or threatened breach of the Restrictive Covenants would be
inadequate and the Company would suffer irreparable damages as a result of such breach or
threatened beach. In recognition of this fact, the Participant agrees that, in the event of such a
breach or threatened breach, in addition to any remedies at law, the Company, without posting any
bond or needing to prove the inadequacy of monetary damages, shall be entitled to cease making any
payments or providing any benefit otherwise required by this Agreement and obtain equitable relief
in the form of specific performance, temporary restraining order, temporary or permanent injunction
or any other equitable remedy which may then be available.

          10. Tax Issues. THE ISSUANCE OF THE SUBJECT UNITS TO THE PARTICIPANT PURSUANT TO
THIS AGREEMENT INVOLVES COMPLEX AND SUBSTANTIAL TAX CONSIDERATIONS, INCLUDING, WITHOUT LIMITATION,
CONSIDERATION OF THE ADVISABILITY OF THE PARTICIPANT MAKING AN ELECTION UNDER SECTION 83(b) OF THE
CODE. THE PARTICIPANT ACKNOWLEDGES THAT HE HAS CONSULTED HIS OWN TAX ADVISOR WITH RESPECT TO THE
TRANSACTIONS DESCRIBED IN THIS AGREEMENT. THE COMPANY MAKES NO WARRANTIES OR REPRESENTATIONS
WHATSOEVER TO THE PARTICIPANT REGARDING THE TAX CONSEQUENCES OF THE GRANT OF THE UNITS SUBJECT TO
THIS AWARD OR THIS AGREEMENT. THE PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE PARTICIPANT
SHALL BE SOLELY RESPONSIBLE FOR ANY TAXES ON THE SUBJECT UNITS AND SHALL HOLD THE COMPANY, AND ALL
OFFICERS, DIRECTORS, EMPLOYEES, AGENTS AND ADVISORS OF THE COMPANY HARMLESS FROM ANY LIABILITY
ARISING FROM ANY TAXES INCURRED BY THE PARTICIPANT IN CONNECTION WITH THE UNITS SUBJECT TO THE
AWARD AND THIS AGREEMENT.

          11. Tax Withholding. Upon vesting of the Units granted hereunder, the Participant
shall pay to the Company an amount equal to the taxes the Company determines it is required to
withhold at the lowest applicable rate determined by the Company under applicable tax laws with
respect to the Units. The Participant may satisfy the foregoing requirement by making a payment to
the Company in cash or by electing to have the Company withhold Units from delivery or by
delivering already owned unrestricted Units to the Company, in each case, such Units having a value
equal to, or less than, the minimum amount of tax required to be withheld, and paying any

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balance of the amount required to satisfy withholding requirements in cash. Such Units shall
be valued at their Fair Market Value on the date as of which the amount of tax to be withheld is
determined.

          12. Award Subject to this Agreement and the LLC Agreement. By entering into this
Agreement the Participant agrees and acknowledges that the Participant has received and read this
Agreement and a copy of the LLC Agreement. The Award is subject to the LLC Agreement, as it may be
amended from time to time, and the terms and provisions of the LLC Agreement are hereby
incorporated herein by reference. The Participant agrees to be bound by the terms and provisions
of the LLC Agreement.

          13. Waivers and Amendments. The respective rights and obligations of the Company
and the Participant under this Agreement may be waived (either generally or in a particular
instance, either retroactively or prospectively, and either for a specified period of time or
indefinitely) by such respective party. This Agreement may be amended only with the written
consent of a duly authorized representative of the Company and the Participant.

          14. Certificates. All certificates, if any, evidencing Units or other securities
of the Company delivered under this Agreement shall be subject to such stop transfer orders and
other restrictions as the Company may deem advisable under this Agreement or the rules,
regulations, and other requirements of the Securities and Exchange Commission, any stock exchange
upon which such securities are then listed, and any applicable Federal or state laws, and the
Company may cause a legend or legends to be put on any such certificates to make appropriate
reference to such restrictions.

          15. Severability. If any provision of this Agreement is or becomes or is deemed
to be invalid, illegal, or unenforceable in any jurisdiction or as to any Person or Award, or would
disqualify this Agreement or any Award under any law deemed applicable by the Company, such
provision shall be construed or deemed amended to conform to such applicable laws, or if it cannot
be construed or deemed amended without, in the determination of the Company, materially altering
the intent of this Agreement or the Award, such provision shall be stricken as to such
jurisdiction, Person or Award and the remainder of this Agreement and any such Award shall remain
in full force and effect.

          16. Successors and Assigns. Except as otherwise expressly provided herein, the
provisions hereof shall inure to the benefit of, and be binding upon, the successors, assigns,
heirs, executors and administrators of the parties hereto. Except as otherwise set forth in the
LLC Agreement with respect to vested Units, the Participant may not assign any rights or
obligations that the Participant may have with respect to the Units granted hereunder.

          17. Signature in Counterparts. This Agreement may be signed in counterparts, each
of which shall be an original, with the same effect as if the signatures thereto and hereto were
upon the same instrument.

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     IN WITNESS WHEREOF AND INTENDING TO BE LEGALLY BOUND THEREOF, the parties hereto have executed
and delivered this Agreement as of the year and date first above written.

	 	 	 	 	 
	 	COMPANY

 	 
	 	By:  	 	 
	 	 	Signature 	 
	 	 	 	 
	 	 	Print Name 	 
	 	 	Title: 	 	 
	 	 	Dated: 	 	 
	 
	 	PARTICIPANT 

 	 
	 	By:  	 	 
	 	 	Signature 	 
	 	 	 	 
	 	 	Print Name 	 
	 	 	Title: 	 	 
	 	 	Dated:exv10w14

Exhibit 10.14

NATIONSTAR MORTGAGE LLC

ANNUAL INCENTIVE COMPENSATION PLAN

	1.	 	Purpose.

The purpose of the Nationstar Mortgage LLC Annual Incentive Compensation Plan (the “Plan”)
is to provide certain senior executive officers of Nationstar Mortgage LLC (the “Company”)
with annual cash incentive bonus opportunities that are tied to both the achievement of financial
performance goals by the Company and the attainment of individual performance objectives by a
Participant.

	2.	 	Administration.

The Plan shall be administered by FIF HE Holdings LLC (the “Managing Member”). The
Managing Member shall have discretionary and final authority to interpret the terms and provisions
of the Plan and may adopt, alter or repeal any administrative rules, guidelines and/or practices
governing the operation of the Plan as it shall from time to time deem advisable; provided,
however, that the Managing Member may not decrease the amount of the Bonus Pool (as described
below) and provided, further, that no action taken under this Section 2 shall intentionally cause a
Bonus payment to become subject to Sections 409A or 457A of the Internal Revenue Code of 1986, as
amended.

	3.	 	Eligibility.

Any senior executive officer of the Company who is either listed on Exhibit A attached hereto or is
otherwise notified in writing by the Company and the Managing Member of his or her eligibility to
participate shall be eligible to participate in the Plan (each such officer, a
“Participant”).

	4.	 	Determination and Payment of Annual Bonus Awards.

	 	(a)	 	Amount of Bonus Pool. The annual bonus pool from which a bonus (a
“Bonus”) may be paid to a Participant pursuant to the terms of the Plan shall
be equal to five percent (5%) of the Company’s “Operating Cash Flow,” as defined in and
determined in accordance with the terms set forth in Exhibit B attached hereto, which
Exhibit B may be amended from time to time (the “Bonus Pool”).

	 	(b)	 	Allocation of Bonus Pool Among Participants. For each fiscal year
during which the Plan is in effect, the Managing Member shall (i) determine, in its
sole discretion, but following consultation with the Chief Executive Officer of the
Company, the percentage of the Bonus Pool to be allocated to each Participant (the
“Annual Allocation”), provided that, beginning with the 2010 fiscal year, in no
event may the Annual Allocation for a Participant be less than seventy-five percent
(75%) of the Annual Allocation for that Participant in the immediately preceding fiscal
year, and (ii) provide written notice to the Chief Executive Officer of the Company of
such Annual Allocation. Upon receipt of such written notice from the Managing Member,
the Chief Executive Officer of the Company shall (1) provide written notice to each
Participant of that Participant’s Annual

 

	 	 	 	Allocation and (2) provide a copy of such written notices to the Managing Member.

	 	(c)	 	Eligibility to Receive Bonus Payment. Except to the extent
otherwise provided in a Participant’s employment agreement with the Company, a
Participant shall only be eligible to receive the payment of a Bonus pursuant to the
terms of the Plan if, as of the last day of the fiscal year to which such Bonus
relates, the Participant (i) is employed by the Company or its subsidiaries and (ii)
has not notified the Company of his or her intent to resign employment with the Company
and its subsidiaries.

	 	(d)	 	Bonus Payment. A Bonus, if any, shall be paid to a Participant, in
cash, as soon as practicable after the Company’s financial results for the fiscal year
have been determined; provided, however, that in no event shall such
payment be made earlier than January 1st or later than March 15th
of the year following the year to which it relates.

	 	(e)	 	Termination of Employment of a Participant. Subject to Section
4(c) hereof, in the event that a Participant terminates employment with the Company for
any reason, the Participant shall no longer be entitled to participate in the Plan and
the Managing Member shall, in its sole discretion, (i) apportion all (or a portion) of
the terminated Participant’s Annual Allocation among the remaining Participants, (ii)
add a new Participant (or Participants) to the Plan and apportion all (or a portion) of
the terminated Participant’s Annual Allocation to the new Participant (or Participants)
or (iii) implement any combination of the foregoing.

	5.	 	Amendment and Termination.

The Company and the Managing Member intend that the Plan shall continue in effect in accordance
with the terms set forth herein following the end of the 2009 fiscal year. However, the Company,
with the express consent of the Managing Member, shall have the right to amend, modify, suspend or
terminate the Plan at any time. Notwithstanding the foregoing, no such amendment, modification,
suspension or termination may, without the consent of any Participant affected thereby, impair the
rights of such Participant with respect to a Bonus which became vested prior to the date thereof.

	6.	 	Miscellaneous

	 	(a)	 	No Right to Continued Employment or Payment of a Bonus. The right
of a Participant to receive a Bonus under the Plan shall not be deemed a right to
continued employment by the Company or its subsidiaries and does not otherwise restrict
the Participant’s right or the right of the Company to terminate the Participant’s
employment at any time, with or without notice and with or without cause. No
Participant has any claim to be awarded a Bonus, and there is no obligation for
uniformity of treatment of Participants. The terms and conditions of each Bonus and
the Managing Member’s determinations and interpretations

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	 	 	 	with respect thereto need not be the same with respect to each Participant (whether
or not the Participants are similarly situated).

	 	(b)	 	Unfunded Status of Awards. Bonus payments shall be made from the
general funds of the Company and no special or separate fund shall be established or
other segregation of assets made to assure the payment of such bonuses.

	 	(c)	 	Nontransferability. No Participant shall have the power or right
to transfer (other than by will or the laws of descent and distribution), alienate or
otherwise encumber his or her interest under the Plan.

	 	(d)	 	Beneficiary. A Participant may file with the Company a written
designation of a beneficiary on a form as may be prescribed by the Company and may,
from time to time, amend or revoke such designation. If no designated beneficiary
survives the Participant, the executor or administrator of the Participant’s estate
will be deemed to be the Participant’s beneficiary.

	 	(e)	 	Withholding Taxes. The Company shall withhold all applicable
federal, state and local taxes from the payment of any Bonus made pursuant to the Plan,
in accordance with applicable laws and regulations.

	 	(f)	 	Governing Law. The Plan shall be governed by and construed in
accordance with the laws of the State of Texas, without regard to its principles of
conflict of laws.

	 	(g)	 	Effective Date. The effective date of the Plan is January 1, 2009.

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EXHIBIT A

PARTICIPANTS

	1.	 	Anthony H. Barone (Chief Executive Officer)
	 
	2.	 	Jesse K. Bray (Chief Financial Officer)
	 
	3.	 	Robert L. Appel (Executive Vice President, Servicing)
	 
	4.	 	Amar Patel (Executive Vice President)

 

EXHIBIT B

OPERATING CASH FLOW

Operating Cash Flow means “operating cash flow” (before capital items) as defined in the Company’s
management reports.

     With respect to 2009, Operating Cash Flow shall be equal to (i) Servicing Cash Flow plus (ii)
Originations Cash Flow, less Advance Interest Expense, Fees and Points (each as defined below), and
is intended to represent the Company’s cash revenues less all fully allocated cash and accrued
expenses. The amount of each Bonus accrued by the Company under the Plan will be added back to
Operating Cash Flow for purposes of determining the Bonus Pool. The following items will be
excluded from Operating Cash Flow: (i) advance principal, (ii) securities, (iii) discontinued
operations, (iv) whole loans and (v) capital for unpledged loans.

     For all subsequent years while the Plan is in effect, Operating Cash Flow shall be defined as
determined by the Managing Member in its sole discretion with regard to each such subsequent year.

In all events, Operating Cash Flow shall be determined by the Managing Member in its sole
discretion, and such determination shall be final, blinding and conclusive.

Servicing Cash Flow means cash flow from (i) servicing revenues plus (ii) ancillaries, less direct
and compensating interest expenses (which expenses shall include fully allocated expenses).

     The fiscal year 2009 target for Servicing Cash Flow is $60,000,000.

Originations Cash Flow means cash flow from (i) originations revenues, (ii) secondary gains and
losses and (iii) hedge gains and losses, less (a) expenses and (b) fully allocated corporate
overhead. Originations Cash Flow excludes (1) working capital required to fund haircuts for loans
held on the warehouse facility until a sale and (2) any changes to principal financing terms (not
interest, points or fees) under the existing GCM facility or addition of any new facilities.

The Originations Cash Flow formula assumes that 50% of origination volume will be servicing
retained. If less than 50% of 2009 origination volume is servicing retained, the following
amount (“Origination Adjustment”) will be deducted from Operating Cash Flow.

Origination Adjustment shall be determined as follows:(50% less actual percentage of
servicing retained volume) x 2009 origination volume x average servicing released price.

     The fiscal year 2009 target for Originations Cash Flow is $3,500,000.

Advance Interest Expense, Fees and Points means interest expense, fees and points on the servicing
advances facility, excluding any changes to advance principal financing terms (not interest, points
or fees) under the existing GCM facility or addition of any new facilities.

     The fiscal year 2009 target for Advance Interest Expense is $23,200,000.

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