Document:

EX-10.117

 Exhibit 10.117 

CALIBER HOME LOANS, INC. 

2020 STOCK INCENTIVE PLAN 

GRANT NOTICE FOR 

NONQUALIFIED STOCK OPTIONS 
 FOR GOOD AND
VALUABLE CONSIDERATION, Caliber Home Loans, Inc. (the “Company”), hereby grants to Participant named below the Nonqualified Stock Option (the “Option”) to purchase any part or all of the number of
shares of Common Stock that are covered by this Option at the Exercise Price per share, each specified below, and upon the terms and subject to the conditions set forth in this Grant Notice, the Caliber Home Loans, Inc. 2020 Stock Incentive Plan
(the “Plan”) and the Standard Terms and Conditions (the “Standard Terms and Conditions”) promulgated under such Plan, each as amended from time to time. This Option is granted pursuant to the Plan and
is subject to and qualified in its entirety by the Standard Terms and Conditions. This Option is not intended to qualify as an incentive stock option under Section 422 of the Code. Capitalized terms not otherwise defined herein shall have the
meaning set forth in the Plan. 
  

			
	Name of Participant:	  	
	Grant Date:	  	
	Number of Shares of Common Stock covered by Option:	  	
	Exercise Price Per Share:	  	
	Expiration Date:	  	
	Vesting Schedule:	  	

 By accepting this Grant Notice, Participant acknowledges that he or she has received and read, and agrees that this Option
shall be subject to, the terms of this Grant Notice, the Plan and the Standard Terms and Conditions. 
  

			
	CALIBER HOME LOANS, INC.
		
	By:	 	 
	Name:	 	
	Title:	 	

 
			
	
	PARTICIPANT
	
	 
	[Name]	 	

 CALIBER HOME LOANS, INC. 

2020 STOCK INCENTIVE PLAN 

STANDARD TERMS AND CONDITIONS FOR 

NONQUALIFIED STOCK OPTIONS 
 These Standard
Terms and Conditions apply to the Options granted pursuant to the Caliber Home Loans, Inc. 2020 Stock Incentive Plan (the “Plan”), which are identified as nonqualified stock options and are evidenced by a Grant Notice or an action
of the Committee that specifically refers to these Standard Terms and Conditions. In addition to these Terms and Conditions, the Option shall be subject to the terms of the Plan, which are incorporated into these Standard Terms and Conditions by
this reference. Capitalized terms not otherwise defined herein shall have the meaning set forth in the Plan. 
  

	1.	 TERMS OF OPTION 

Caliber Home Loans, Inc. (the “Company”) has granted to the Participant named in the Grant Notice provided to said Participant herewith
(the “Grant Notice”) a Nonqualified Stock Option (the “Option”) to purchase up to the number of shares of Common Stock at an exercise price per share, each as set forth in the Grant Notice. The Option
is subject to the conditions set forth in the Grant Notice, these Standard Terms and Conditions, and the Plan. For purposes of these Standard Terms and Conditions and the Grant Notice, any reference to the Company shall include a reference to any
Subsidiary. 
  

	2.	 NONQUALIFIED STOCK OPTION 

The Option is not intended to be an incentive stock option under Section 422 of the Code and will be interpreted accordingly. 

 

	3.	 EXERCISE OF OPTION 

(a)    The Option shall not be exercisable as of the Grant Date set forth in the Grant Notice. After the Grant Date, to the
extent not previously exercised, and subject to termination or acceleration as provided in these Standard Terms and Conditions and the Plan, the Option shall be exercisable only to the extent it becomes vested, as described in the Grant Notice or
the terms of the Plan, to purchase up to that number of shares of Common Stock as set forth in the Grant Notice; provided, that (except as set forth in Section 4(a) below) the Participant remains employed with the Company
and does not experience a Termination of Employment. The vesting period and/or exercisability of an Option may be adjusted by the Committee to reflect the decreased level of employment during any period in which the Participant is on an approved
leave of absence or is employed on a less than full time basis. 
 (b)    To exercise the Option (or any part thereof),
the Participant shall deliver to the Company a “Notice of Exercise” in a form specified by the Committee, specifying the number of whole shares of Common Stock the Participant wishes to purchase and how the Participant’s shares of
Common Stock should be registered (in the Participant’s name only or in the Participant’s and the Participant’s spouse’s names as community property or as joint tenants with right of survivorship). 

 (c)    The exercise price (the “Exercise Price”)
of the Option is set forth in the Grant Notice. The Company shall not be obligated to issue any shares of Common Stock until the Participant shall have paid the total Exercise Price for that number of shares of Common Stock. The Exercise Price may
be paid in Common Stock, cash or a combination thereof, including an irrevocable commitment by a broker to pay over such amount from a sale of the Common Stock issuable under the Option, the delivery of previously owned Common Stock, withholding of
shares of Common Stock deliverable upon exercise of the Option (but only to the extent share withholding is made available to the Participant by the Company), or in such other manners as may be permitted by the Committee. 

(d)    Fractional shares may not be exercised. Shares of Common Stock will be issued as soon as practical after exercise.
Notwithstanding the above, the Company shall not be obligated to deliver any shares of Common Stock during any period when the Company determines that the exercisability of the Option or the delivery of shares of Common Stock hereunder would violate
any federal, state or other applicable laws. 
  

	4.	 EXPIRATION OF OPTION 

The Option shall expire and cease to be exercisable as of the earlier of (i) the Expiration Date set forth in the Grant Notice or (ii) the date
specified below in connection with the Participant’s Termination of Employment: 
 (a)    Notwithstanding anything
contained in these Standard Terms and Conditions to the contrary, upon Participant’s Termination of Employment (i) by the Company without Cause or (ii) as a result of Participant’s death or Disability, and subject to
Participant’s (or Participant’s personal representative’s) execution and nonrevocation of a general release of claims in a form provided by the Company, the Participant shall be vested in a
pro-rated number of shares covered by the Option (after taking into account any portion of the Option that is already vested) that is calculated by multiplying: (i) the total number of shares covered by
the Option by (ii) a fraction, the numerator of which is the number of whole months of continuous service with the Company actually completed by the Participant during the vesting period set forth in the Grant Notice and the denominator of
which is the total number of whole months in the vesting period set forth on the Grant Notice. The Participant may exercise such vested portion of the Option until the date that is 12-months following the date
of such Termination of Employment. 
 (b)    If the Participant’s Termination of Employment is by the Company for
Cause, the entire Option, whether or not then vested and exercisable, shall be immediately forfeited and canceled as of the date of such Termination of Employment. 

(c)    If the Participant’s Termination of Employment is for any reason other than as set forth in
Section 4(a) or 4(b), the Participant may exercise any portion of the Option that is vested and exercisable at the time of such Termination of Employment until the date that is three-months following the date of such
Termination of Employment. 
 (d)    Any portion of the Option that is not vested and exercisable at the time of a
Termination of Employment (after taking into account any accelerated vesting under this Section 4, Section 15 of the Plan or any other agreement between the Participant and the Company) shall be forfeited and canceled
as of the date of such Termination of Employment. 

  
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	5.	 RESTRICTIONS ON RESALES OF SHARES ACQUIRED PURSUANT TO OPTION EXERCISE 

The Company may impose such restrictions, conditions or limitations as it determines appropriate as to the timing and manner of any resales by the Participant
or other subsequent transfers by the Participant of any shares of Common Stock issued as a result of the exercise of the Option, including (a) restrictions under an insider trading policy, (b) restrictions designed to delay and/or
coordinate the timing and manner of sales by Participant and other optionholders and (c) restrictions as to the use of a specified brokerage firm for such resales or other transfers. 

 

	6.	 INCOME TAXES 

The Company shall not deliver shares of Common Stock in respect of the exercise of any Option unless and until the Participant has made arrangements
satisfactory to the Company to satisfy applicable withholding tax obligations. Unless the Participant pays the withholding tax obligations to the Company by cash or check in connection with the exercise of the Option (including an irrevocable
commitment by a broker to pay over such amount from a sale of the Common Stock issuable under the Option), withholding may be effected, at the Company’s election, withholding Common Stock issuable in connection with the exercise of the Option
(provided that shares of Common Stock may be withheld only to the extent that such withholding will not result in adverse accounting treatment for the Company). The Participant acknowledges that the Company shall have the right to deduct any taxes
required to be withheld by law in connection with the exercise of the Option from any amounts payable by it to the Participant (including future cash wages). 
  

	7.	 NON-TRANSFERABILITY OF OPTION 

Except as permitted by the Committee or as permitted under the Plan, the Participant may not assign or transfer the Option to anyone other than by will or the
laws of descent and distribution and the Option shall be exercisable only by the Participant during his or her lifetime. The Company may cancel the Participant’s Option if the Participant attempts to assign or transfer it in a manner
inconsistent with this Section 7. 
  

	8.	 OTHER AGREEMENTS SUPERSEDED 

The Grant Notice, these Standard Terms and Conditions and the Plan constitute the entire understanding between the Participant and the Company regarding the
Option. Any prior agreements, commitments or negotiations concerning the Option are superseded. 
  

	9.	 LIMITATION OF INTEREST IN SHARES SUBJECT TO OPTION 

Neither the Participant (individually or as a member of a group) nor any beneficiary or other person claiming under or through the Participant shall have any
right, title, interest, or privilege in or to any shares of Common Stock allocated or reserved for the purpose of the Plan or subject to the Grant Notice or these Standard Terms and Conditions except as to such shares of Common Stock, if any, as
shall have been issued to such person upon exercise of the Option or any part of it. 

  
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 Nothing in the Plan, in the Grant Notice, these Standard Terms and Conditions or any other instrument
executed pursuant to the Plan shall confer upon the Participant any right to continue in the Company’s employ or service nor limit in any way the Company’s right to terminate the Participant’s employment at any time for any reason.

  

	10.	 NO LIABILITY OF COMPANY 

The Company and any affiliate which is in existence or hereafter comes into existence shall not be liable to the Participant or any other person as to:
(a) the non-issuance or sale of shares of Common Stock as to which the Company has been unable to obtain from any regulatory body having jurisdiction the authority deemed by the Company’s counsel to be necessary to the lawful issuance and
sale of any shares hereunder; and (b) any tax consequence expected, but not realized, by the Participant or other person due to the receipt, exercise or settlement of any Option granted hereunder. 

 

	11.	 GENERAL 

(a)    In the event that any provision of these Standard Terms and Conditions is declared to be illegal, invalid or
otherwise unenforceable by a court of competent jurisdiction, such provision shall be reformed, if possible, to the extent necessary to render it legal, valid and enforceable, or otherwise deleted, and the remainder of these Standard Terms and
Conditions shall not be affected except to the extent necessary to reform or delete such illegal, invalid or unenforceable provision. 

(b)    The headings preceding the text of the sections hereof are inserted solely for convenience of reference, and shall
not constitute a part of these Standard Terms and Conditions, nor shall they affect its meaning, construction or effect. Words in the masculine gender shall include the feminine gender, and where appropriate, the plural shall include the singular
and the singular shall include the plural. The use herein of the word “including” following any general statement, term or matter shall not be construed to limit such statement, term or matter to the specific items or matters set forth
immediately following such word or to similar items or matters, whether or not non-limiting language (such as “without limitation”, “but not limited to”, or words of similar import) is used
with reference thereto, but rather shall be deemed to refer to all other items or matters that could reasonably fall within the broadest possible scope of such general statement, term or matter. References herein to any agreement, instrument or
other document means such agreement, instrument or other document as amended, supplemented and modified from time to time to the extent permitted by the provisions thereof and not prohibited by the Plan or these Standard Terms and Conditions. 

(c)    These Standard Terms and Conditions shall inure to the benefit of and be binding upon the parties hereto and their
respective permitted heirs, beneficiaries, successors and assigns. 
 (d)    These Standard Terms and Conditions shall
be construed in accordance with and governed by the laws of the State of Delaware, without regard to principles of conflicts of law. 

(e)    In the event of any conflict between the Grant Notice, these Standard Terms and Conditions and the Plan, the Grant
Notice and these Standard Terms and Conditions shall control. In the event of any conflict between the Grant Notice and these Standard Terms and Conditions, the Grant Notice shall control. 

  
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 (f)    All questions arising under the Plan or under these Standard
Terms and Conditions shall be decided by the Committee in its total and absolute discretion. 
  

	12.	 ELECTRONIC DELIVERY 

By executing the Grant Notice, the Participant hereby consents to the delivery of information (including information required to be delivered to the
Participant pursuant to applicable securities laws) regarding the Company and the Subsidiaries, the Plan, the Option and the Common Stock via Company web site or other electronic delivery. 

  
 5EX-10.118

 Exhibit 10.118 

LSF6 MID-SERVICER HOLDINGS, LLC 

2711 N. Haskell Ave., Ste. 1700 

Dallas, Texas 75201 
 [Date] 

[Name] 
  

	Re:	 Outstanding Pool Units under the LSF6 Mid-Servicer Holdings Long Term
Incentive Plan (the “2016 Plan”) 

 Dear [Name]: 

Reference is hereby made to your outstanding Pool Units granted pursuant to that certain Award Agreement(s) (the “Award
Agreement(s)”) under the 2016 Plan. Capitalized terms used but not defined herein shall have the meaning given to them in the Award Agreement(s) or the 2016 Plan, as applicable. 

In connection with the anticipated consummation of a firm commitment underwritten initial public offering of the equity interests of Caliber
(the “IPO”), the Board has determined that it is in the best interest of the Company to provide for full vesting of your outstanding Pool Units and modify the forfeiture provisions of your Award Agreement(s), in each case, to be
effective upon the consummation of the IPO. Subject to your acceptance and acknowledgement where indicated below, effective upon the consummation of the IPO, the section of the Award Agreement(s) entitled “Vesting, Forfeiture and Settlement of
Pool Units” is hereby amended and restated as follows: 
  

	 	“(a)	 Vesting. The Pool Units granted hereunder shall be 100% vested. 

 

	 	(b)	 Forfeiture of Pool Units. Participant shall immediately forfeit all Pool Units on: (i) the date of
Participant’s termination of employment with the Company and its Subsidiaries for Cause; or (ii) the later to occur of (x) the [                ]
anniversary of the consummation of a firm commitment underwritten initial public offering of the equity interests of Caliber or (y) the date on which Participant experiences any other termination of employment with the Company and its
Subsidiaries. Notwithstanding any forfeiture of Pool Units as described in this Section, Participant shall remain entitled to all payments (if any) due to Participant under the Plan and this Agreement in connection with any Monetization Event
occurring on or prior to the date of such forfeiture of the Pool Units. 

  

	 	(c)	 Payment. In the event that a Monetization Event occurs that results in amounts being credited to the
Incentive Pool, Participant shall be entitled to payment in respect of his then outstanding Pool Units in accordance with the terms and conditions of this Agreement and Section 5 of the Plan.” 

 Except as expressly amended herby, the Award Agreement(s) shall remain in full force and
effect and are specifically ratified and reaffirmed. This letter shall be subject to the terms of the 2016 Plan. In the event that the IPO does not occur on or prior to March 21, 2021, this letter shall be void ab initio and of no force or
effect. 
 Please accept and acknowledge this letter by signing below and returning your executed letter to
                                         and
                                        . We
appreciate your many contributions to the success of Caliber and the anticipated IPO. 
  

			
	Sincerely,
	
	LSF6 MID-SERVICER HOLDINGS, LLC

 
			
		
	By:	 	 
	Name:	 	
	Title:	 	

 ACCEPTANCE AND ACKNOWLEDGEMENT: 

By signing below, I verify my acceptance of the above stated terms. 
  

			
	
                   
                                         
        
	  	                                     
       
	 [Name]
	  	Today’s Date

  
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