Document:

Exhibit 10.1

 

Amendment No. 3

to

2001 Stock Option, Deferred Stock and Restricted Stock
Plan

 

Pursuant
to Section 7 of the Impac Mortgage Holdings, Inc. 2001 Stock Option,
Deferred Stock and Restricted Stock Plan (the “Plan”), the Plan is hereby
amended, effective as of January 1, 2008, as follows:

 

1.  Section 5(j) of
the Plan is amended is amended in its entirety as follows:

 

(j) Annual
Limit on Awards.    The aggregate
maximum number of shares of Stock underlying Awards granted to any single
Eligible Employee during any fiscal year shall not exceed 5,000,000 shares
(subject to adjustment from time to time in accordance with the terms of this
Plan).

 

2. Section 6
is amended by adding a new subsection (e) as follows:

 

(e) 
Performance-Based Awards.    With
respect to performance-based Awards of Deferred Stock or Restricted Stock
granted under this Section 6 which are intended to qualify as “performance-based
compensation” for purposes of Section 162(m) of the Code and the
regulations thereunder, performance targets will consist of specified levels of
one or more of the following (in absolute terms or relative to one or more
other companies or indices): operating income, net earnings, net interest
income, net interest margin and adjusted net interest margin, return on
stockholders’ equity, return on investment, return on invested assets, stock
price appreciation, earnings before interest, taxes, depreciation and
amortization, cash flow, sales growth, margin improvement, income before taxes
(“IBT”), IBT margin, estimated taxable income, working capital performance,
earnings per share, growth in earnings per share, expense targets, productivity
targets or ratios, portfolio quality (credit or otherwise), attainment of
specific milestones in connection with strategic initiatives.

 

To
record the adoption of this Amendment No. 3 to the 2001 Stock Option,
Deferred Stock and Restricted Stock Plan, Impac Mortgage Holdings, Inc.
has caused this amendment to be executed this 10th day of July, 2009.

 

	
   

  	
  IMPAC
  MORTGAGE HOLDINGS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Ronald M. Morrison

  
	
   

  	
  Title:

  	
  Executive
  Vice PresidentExhibit 10.2

 

Amendment No. 4

to

2001 Stock Option, Deferred Stock and
Restricted Stock Plan

 

1.                                       Section 3(a) of
the Plan is amended in its entirety as follows:

 

(a)                                  Aggregate
Shares of Stock Available. 
Subject to the provisions of Section 3(c) of the Plan, the
total maximum aggregate number of shares of Stock reserved and available for
issuance under the Plan shall be 1,000,000 shares; however, on January 1
of each year, beginning on January 1, 2002, such maximum aggregate number
of shares of Stock shall be increased by an amount equal to the lesser of (a) 3.5%
of the total number of shares of Stock outstanding on such anniversary date,
and (b) a lesser amount as determined by the Board; provided, further,
that of such amount the maximum aggregate number of Incentive Stock Options
shall be increased on January 1 of each year by an amount equal to the
lesser of (a) 3.5% of the total number of shares of Stock outstanding on
such anniversary date, and (b) 3.5% of the total number of shares of Stock
outstanding on the Effective Date of the Plan. 
Notwithstanding anything to the contrary contained herein, no Award
granted hereunder shall become null and void or otherwise be adversely affected
solely because of a change in the number of shares of Stock that are issued and
outstanding from time to time, provided that changes to the issued and
outstanding shares of Stock may result in adjustments to outstanding Awards in
accordance with the provisions of this Section 3.  To the extent applicable, the total number of
shares of Stock authorized to be issued under the Plan shall be subject to Section 260.140.45
of Title 10 of the California Code of Regulations.

 

2.                                       The Plan is
amended by adding the following as a new Section 17:

 

Section 17.   Financial
Statements.

 

To the extent required by Section 260.140.46
of Title 10 of the California Code of Regulations, the Company shall deliver
financial statements to all persons to whom an Award is granted pursuant to the
Plan or to all persons who otherwise hold an outstanding Option or other Award
under the Plan at least annually.  This Section 18
shall not apply to key persons whose duties in connection with the Company and
its Affiliates assure them access to equivalent information.

 

****

 

1

 

To
record the adoption of this Amendment No. 4 to the 2001 Stock Option,
Deferred Stock and Restricted Stock Plan, Impac Mortgage Holdings, Inc.
has caused this amendment to be executed this 28th day of April, 2009.

 

	
   

  	
  IMPAC
  MORTGAGE HOLDINGS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Ronald M. Morrison

  
	
   

  	
  Title:

  	
  Executive
  Vice President

  
	
   

  	
   

  	
   

  

 

2Exhibit 4.4

 

Sixth
Supplemental Indenture to

March 2002
Indenture

 

SIXTH SUPPLEMENTAL INDENTURE

 

Dated
as of September 30, 2003

 

                                                THIS
SIXTH SUPPLEMENTAL INDENTURE, dated as of
September 30, 2003 (the “Sixth Supplemental Indenture”), by and between
Sinclair Television Group, Inc., a Maryland corporation (“STG”), certain
of STG’s subsidiaries identified as Guarantors on the signature
page hereof, (collectively the “Existing Guarantors”), Sinclair Broadcast
Group, Inc. (the “Company”) and Wachovia Bank, National Association
(formerly First Union National Bank), as Trustee under the Indenture, as
hereinafter defined (hereinafter the “Trustee”). All capitalized terms used in
this Sixth Supplemental Indenture and not otherwise defined shall be assigned
the meaning ascribed to them in the Indenture.

 

                                                WHEREAS, the Company,
the Existing Guarantors and the Trustee are parties to an Indenture dated as of
March 14, 2002 (the “Original Indenture”), as heretofore supplemented,
pursuant to which the Company issued its $650,000,000 8% Senior Subordinated
Notes due 2012 (hereinafter the “Securities”).

 

                                                WHEREAS, on
July 26, 2002, the Company, certain of its Subsidiaries, as Guarantors and
the Trustee executed the First Supplemental Indenture amending certain terms
and conditions of the Original Indenture (the “First Supplemental Indenture”).

 

                                                WHEREAS, on
November 8, 2002, the Company, certain of its Subsidiaries, as Guarantors
and the Trustee executed the Second Supplemental Indenture amending certain
terms and conditions of the Original Indenture (the “Second Supplemental
Indenture”).

 

 

                                                WHEREAS, on
January 17, 2003, the Company, certain of its Subsidiaries, as Guarantors
and the Trustee executed the Third Supplemental Indenture amending certain
terms and conditions of the Original Indenture (the “Third Supplemental
Indenture”).

 

                                                WHEREAS,
on May 9, 2003, the Company and certain of its Subsidiaries, as
Guarantors and the Trustee executed the Fourth Supplemental Indenture amending
certain terms and conditions of the Original Indenture (the “Fourth
Supplemental Indenture”).

 

                                                WHEREAS, on
July 17, 2003, the Company and certain of its Subsidiaries, as Guarantors
and the Trustee executed the Fifth Supplemental Indenture amending certain
terms and conditions of the Original Indenture (the “Fifth Supplemental
Indenture”).  The Original Indenture, as
amended by the First Supplemental Indenture, the Second Supplemental Indenture,
the Third Supplemental Indenture, the Fourth Supplemental Indenture, the Fifth
Supplemental Indenture, and this Sixth Supplemental Indenture, collectively
referred to herein as (the “Indenture”).

 

                                                WHEREAS, on
September 30, 2003, the Company contributed One Hundred percent (100%) of
its ownership interest in Sinclair Communications, LLC and One Hundred percent
(100%) of its equity interest in Sinclair Communications II, Inc., which
together comprise substantially all of the Company’s properties and assets, to
STG.

 

                                                WHEREAS,
Section 801 of the Indenture provides that the Company may sell, assign,
convey, transfer, lease, or otherwise dispose of all or substantially all of
its properties and assets to any Person organized and existing under the laws
of the United States of America or any state thereof or the District of
Columbia and to the extent such Person acquires all or substantially all of the
properties and assets of the Company and its Subsidiaries on a Consolidated
basis, such Person shall expressly assume by supplemental indenture, executed
and delivered to the Trustee, in form

 

2

 

satisfactory to the Trustee, all obligations
of the Company under the Securities, the Indenture and the Registration Rights
Agreement.

 

                                                WHEREAS,
Section 901 of the Indenture provides that without the consent of any
Holder, the Company and the Guarantors (or any successors), when authorized by
a Board Resolution, and the Trustee at any time and from time to time may enter
into indentures supplemental thereto, in form and substance satisfactory to the
Trustee to evidence the succession of another Person to the Company upon the
Securities, and the assumption by any such successor of the covenants of the
Company in the Securities and the Indenture.

 

                                                WHEREAS, the Indenture
provides, that without the consent of any Holders, the Company and the Existing
Guarantors, when authorized by a Board Resolution, and the Trustee, at any time
and from time to time, may enter into indentures supplemental thereto, or
agreements or other instruments with respect to any Guarantee, in form and
substance satisfactory to the Trustee, for the purpose of adding a guarantor.

 

                                                WHEREAS, STG is the
Surviving Entity and wishes to expressly assume the Company’s obligations of
payment and performance under the Securities, the Indenture, and the
Registration Rights Agreement.

 

                                                WHEREAS, the Company
wishes to guarantee the Indenture and the Securities related thereto.

 

                                                WHEREAS, the Existing
Guarantors wish to confirm that their Guarantee under the Indenture shall apply
to STG’s obligations under the Indenture and the Securities.

 

                                                WHEREAS, all things
necessary have been done to make this Sixth Supplemental Indenture, when
executed and delivered by STG, the Existing Guarantors, the Company and the

 

3

 

Trustee, the legal, valid and binding
agreement of STG, the Existing Guarantors, the Company and the Trustee in
accordance with its terms.

 

                                                NOW,
THEREFORE, THIS SIXTH SUPPLEMENTAL INDENTURE WITNESSETH:

 

                                                The parties
hereto mutually covenant and agree as follows:

 

Section I

 

                                                Section 1.01.  The Trustee acknowledges the receipt of the
following in compliance with the requirements of the Indenture, including but
not limited to Section 801:

 

(a)                                  A certification
from the Company that the conditions of the Indenture, including, without
limitation, the conditions set forth in Section 801 of the Indenture, have
been met.

 

(b)                                 An Opinion of
the Company’s Counsel stating that all conditions precedent in the Indenture,
including, without limitation, the conditions set forth in Section 801 of
the Indenture, have been met.

 

Section II

 

                                                Section 2.01.                             Pursuant to
Section 901(a) of the Indenture, as of the date of this Sixth
Supplemental Indenture, STG hereby expressly assumes all the obligations of the
Company under the Securities, the Indenture and the Registration Rights
Agreement.

 

                                                Section 2.02.                             Pursuant to
Section 801(a)(v) of the Indenture, as of the date of this Sixth
Supplemental Indenture, the Existing Guarantors hereby expressly confirm that
their Guarantee shall apply to STG’s obligations under the Indenture and the
Securities.

 

4

 

Section III

 

                                                Section 3.01.                             As of the date
of this Sixth Supplemental Indenture, the Company shall become a Guarantor of
the Securities and accordingly, hereby executes and delivers this Sixth
Supplemental Indenture to evidence its guarantee of the Securities on the same
terms as set forth in Article 14 of the Indenture (the “Guarantee”).

 

Section IV

 

                                                Section 4.01.                             This Sixth
Supplemental Indenture shall be construed as supplemental to the Indenture and
shall form a part thereof, and the Indenture is hereby incorporated by
reference herein and, as supplemented hereby and is hereby ratified, approved
and confirmed.

 

                                                Section 4.02.                             This Sixth
Supplemental Indenture may be signed in any number of counterparts, all of
which taken together shall constitute one and the same instrument.  This Sixth Supplemental Indenture shall be
governed by and construed in accordance with the laws of the State of New York.

 

                                                Section 4.03.                             This Sixth
Supplemental Indenture shall be effective and operative on the date and time
hereof.

 

                                                IN
WITNESS WHEREOF, the parties hereto have caused this Sixth
Supplemental Indenture to be duly executed, and their respective corporate
seals to be hereunto affixed and attested, all as of the day and year above
written.

 

	
  ATTEST:

  	
   

  	
  SINCLAIR TELEVISION GROUP,
  INC.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  /s/ Vicky D. Evans

  	
   

  	
  By:

  	
  /s/ David B. Amy

  	
  (SEAL)

  
	
   

  	
   

  	
   

  	
   

  	
  David B. Amy, Executive
  Vice President

  
	
   

  	
   

  	
   

  	
   

  	
  and Chief Financial
  Officer

  

 

5

 

ATTEST AS TO ALL                                                                                                                                                                             EXISTING
GUARANTORS:

 

CHESAPEAKE TELEVISION, INC.

KSMO, INC.

WCGV, INC.

SINCLAIR ACQUISITION IV,
INC.

WLFL, INC.

SINCLAIR MEDIA I, INC.

WSMH, INC.

SINCLAIR MEDIA II, INC.

WSTR LICENSEE, INC.

WGME, INC.

SINCLAIR MEDIA III, INC.

WTTO, INC.

WTVZ, INC.

WYZZ, INC.

KOCB, INC.

KSMO LICENSEE, INC.

WDKY, INC.

WYZZ LICENSEE, INC.

KLGT, INC.

SINCLAIR TELEVISION COMPANY
II, INC.

WSYX LICENSEE, INC.

WGGB, INC.

WTWC, INC.

SINCLAIR COMMUNICATIONS II,
INC.

SINCLAIR HOLDINGS I, INC.

SINCLAIR HOLDINGS II, INC.

SINCLAIR HOLDINGS III, INC.

SINCLAIR
TELEVISION COMPANY, INC.

SINCLAIR
TELEVISION OF BUFFALO, INC.

SINCLAIR
TELEVISION OF CHARLESTON, INC.

SINCLAIR
TELEVISION OF NASHVILLE, INC.

SINCLAIR
TELEVISION OF NEVADA, INC.

SINCLAIR
TELEVISION OF TENNESSEE, INC.

SINCLAIR
TELEVISION OF LICENSE HOLDER, INC.

SINCLAIR
TELEVISION OF DAYTON, INC.

SINCLAIR ACQUISITION VII,
INC.

SINCLAIR ACQUISITION VIII,
INC.

SINCLAIR ACQUISITION IX,
INC.

SINCLAIR ACQUISITION X, INC.

MONTECITO
BROADCASTING CORPORATION

CHANNEL 33, INC.

 

6

 

WNYO, INC.

NEW YORK TELEVISION, INC.

WVTV LICENSEE, INC.

RALEIGH (WRDC-TV) LICENSEE,
INC.

BIRMINGHAM (WABM-TV)
LICENSEE, INC.

SAN ANTONIO (KRRT-TV) LICENSEE,
INC.

 

SINCLAIR PROPERTIES, LLC

SINCLAIR PROPERTIES II, LLC

 

KBSI LICENSEE L.P.

KETK LICENSEE L.P.

WMMP LICENSEE L.P.

WSYT LICENSEE L.P.

 

By:  Sinclair Properties, LLC, General Partner

 

WEMT LICENSEE L.P.

WKEF LICENSEE L.P.

 

By:                                        Sinclair Properties II, LLC, General
Partner

 

WGME LICENSEE, LLC

 

By:                                        WGME, Inc.,
Member

 

WICD LICENSEE, LLC

WICS LICENSEE, LLC

KGAN LICENSEE, LLC

 

By:                                        Sinclair
Acquisition IV, Inc., Member

 

WSMH
LICENSEE, LLC

 

By:                                        WSMH, Inc.,
Member

 

WPGH LICENSEE, LLC

KDNL LICENSEE, LLC

WCWB LICENSEE, LLC

 

By:                                        Sinclair Media
I, Inc., Member

 

WTVZ LICENSEE, LLC

 

By:                                        WTVZ, Inc.,
Member

 

7

 

CHESAPEAKE
TELEVISION LICENSEE, LLC

KABB LICENSEE, LLC

SCI - SACRAMENTO LICENSEE,
LLC

WLOS LICENSEE, LLC

 

By:                                        Chesapeake
Television, Inc., Member

 

KLGT LICENSEE, LLC

 

By:                                        KLGT, Inc.,
Member

 

WCGV
LICENSEE, LLC

 

By:                                        WCGV, Inc.,
Member

 

SCI - INDIANA LICENSEE, LLC

KUPN LICENSEE, LLC

WEAR LICENSEE, LLC

 

By:                                        Sinclair Media
II, Inc., Member

 

WLFL LICENSEE, LLC

WRDC, LLC

 

By:                                        WLFL, Inc.,
Member

 

WTTO LICENSEE, LLC

 

By:                                        WTTO, Inc.,
Member

 

WTWC LICENSEE, LLC

 

By:                                        WTWC, Inc.,
Member

 

WGGB
LICENSEE, LLC

 

By:                                        WGGB, Inc.,
Member

 

KOCB LICENSEE, LLC

 

By:                                        KOCB, Inc.,
Member

 

8

 

WDKY LICENSEE, LLC

KOKH, LLC

 

By:                                        WDKY, Inc.,
Member

 

KOKH LICENSEE, LLC

 

By:                                        KOKH, LLC.,
Member

By:                                        WDKY, Inc.,
Member of KOKH, LLC

 

WUPN LICENSEE, LLC

WUTV LICENSEE, LLC

WXLV LICENSEE, LLC

 

By:                                        Sinclair
Television of Buffalo, Inc., Member

 

WUXP LICENSEE, LLC

 

By:                                        Sinclair
Television of Tennessee, Inc., Member

 

WCHS LICENSEE, LLC

 

By:                                        Sinclair Media
III, Inc., Member

 

SINCLAIR FINANCE, LLC

SINCLAIR FINANCE HOLDINGS,
LLC

 

By:                                        KLGT, Inc.,
Member

 

WUHF LICENSEE, LLC

WMSN LICENSEE, LLC

 

By:                                        Sinclair
Television Company, Inc., Member

 

WZTV LICENSEE, LLC

WVAH LICENSEE, LLC

 

By:                                        Sinclair
Television of Nashville, Inc., Member

 

WRLH LICENSEE, LLC

WTAT LICENSEE, LLC

 

By:                                        Sinclair
Television of Charleston, Inc., Member

 

9

 

WRGT LICENSEE, LLC

 

By:                                        Sinclair
Television of Dayton, Inc.

 

SINCLAIR NEWSCENTRAL, LLC

 

By:                                        Sinclair
Communications, LLC, Member

By:                                        Sinclair
Television Group, Inc., Member of 

                                                          Sinclair
Communications, LLC

 

SINCLAIR PROGRAMMING
COMPANY, LLC

SINCLAIR COMMUNICATIONS, LLC

 

By:                                        Sinclair
Television Group, Inc., Member

 

KDSM, LLC

 

By:                                        Sinclair
Broadcast Group, Inc.

 

KDSM LICENSEE, LLC

 

By:                                        KDSM, LLC,
Member

By:                                        Sinclair
Broadcast Group, Inc., Member of KDSM, LLC

 

 

	
    /s/ Vicky D.
  Evans

  	
   

  	
   

  	
  By:

  	
    /s/ David B.
  Amy

  	
  (SEAL)

  
	
   

  	
   

  	
  David B. Amy, in his
  capacity

  
	
   

  	
   

  	
  as Secretary, Manager or
  Executive

  
	
   

  	
   

  	
  Vice President, as the case
  may be

  
	
   

  	
   

  	
   

  
	
  ATTEST:

  	
  NEW GUARANTOR:

  
	
   

  	
   

  	
   

  
	
   

  	
  SINCLAIR BROADCAST GROUP,
  INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
    /s/ Vicky D.
  Evans

  	
   

  	
   

  	
  By:

  	
  /s/ David B. Amy

  	
  (SEAL)

  
	
   

  	
   

  	
  David B. Amy, Executive
  Vice President

  
							

 

10

 

	
  ATTEST:

  	
  TRUSTEE:

  
	
   

  	
   

  
	
   

  	
  WACHOVIA BANK, NATIONAL
  ASSOCIATION (FORMERLY FIRST UNION NATIONAL BANK), AS TRUSTEE

  
	
   

  	
   

  
	
    /s/ Joy D.
  Edwards

  	
   

  	
  By:

  	
   /s/ L.B. Bedell

  	
  (SEAL)

  
					

 

11

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