Document:

EX-10.1

 Exhibit 10.1 

EMPLOYMENT AGREEMENT 

THIS AGREEMENT (the “Agreement”) is made by and between Fidelity & Guaranty Life Business Services, Inc., a Delaware
corporation with an address at 1001 Fleet Street, Baltimore, Maryland (“F&G”), and Dennis Vigneau, an individual with a residence at 1759 N. Honore Street, Chicago, IL 60622 (“Executive”), as of January 27, 2014. 

WHEREAS, the parties wish to continue their employment relationship and to enter into an employment agreement on the terms and conditions set
forth herein; 
 NOW, THEREFORE, in consideration of F&G’s continued employment of Executive, and the mutual obligations and rights
set forth in this Agreement, the parties agree as follows: 
  

	1.	DEFINITIONS 

  

	 	(a)	“Client” or “Client List” means all Past, Present and Potential Clients as defined below; 

“Company” means F&G and its direct and indirect subsidiaries, its direct parent and its direct parent’s direct and indirect
subsidiaries; 
 “Compensation” means Executive’s salary and any bonus that may be awarded in the Company’s sole
discretion; 
 “Compensation Year” means a calendar year in which Executive earns compensation; 

“Confidential Information” means all secret, confidential or otherwise non-public information, knowledge or data relating to the
Group, and their respective businesses or financial affairs, whether or not in writing, including but not limited to information related to: their suppliers and their businesses; prices charged to and terms of business with their customers; their
marketing plans and sales forecasts; their financial information, results and forecasts; their proposals or plans for the acquisition or disposal of a company or business or any part thereof; their proposals or plans for any expansion or reduction
of activities; their employees, including the employees’ performance, compensation and benefits; their research activities, inventions, trade secrets, designs, formulas and product lines; any information provided to the Group in confidence by
its affiliates, customers, suppliers or other parties; and the identity and other information concerning and related to Clients; 

“Disability” means Executive’s inability to perform his/her duties on a full-time basis for 180 days during any 12-month period
as a result of incapacity due to mental or physical illness, even with reasonable accommodations; 
 “Employment Period” means the
period of time when Executive is employed by the Company, including any Notice Period set forth in Section 5.2(A) below; 

 “Group” means the Company and the Group Companies, collectively and singularly; 

“Group Company” means any company that is an indirect parent or holding company (up to and including the ultimate parent or holding
company) of the Company and any direct or indirect subsidiary of any such indirect parent or holding company other than the Company; 

“Notice Period” means the period set forth in Section 5.2(A) ending three (3) months from the date of written notice to
terminate Executive’s employment; 
 “Past Client” means any person or entity who had been an advisee, investment advisory or
insurance customer, distributor or client of the Group; 
 “Potential Client” means any person or entity to whom the Company has
offered (by means of a personal meeting, telephone call, or a letter or written proposal specifically directed to the particular person or entity) to serve as investment adviser or to provide or distribute insurance products but which is not at such
time an advisee, investment advisory or insurance customer, distributor or client of the Group or any person or entity for which a plan exists to make such an offer; persons or entities solicited or to be solicited solely by non-personalized form
letters and blanket mailings are excluded from this definition; 
 “Present Client” means any person or entity who is an advisee,
investment advisory or insurance customer, distributor or client of the Group. 
 “Termination Date” means the date when Executive
ceases to be an employee of the Group; 
  

	 	(b)	References to Sections are, unless otherwise stated, to Sections of this Agreement; and 

  

	 	(c)	Section headings are for convenience only and shall not affect the construction or interpretation of this Agreement. 

  

	2.	EMPLOYMENT 

 2.1 Executive’s employment with the Company is “at will,” meaning
that Executive may resign at any time for any reason and the Company may discharge Executive at any time for any reason, subject only to any obligation to provide notice as set forth in Section 5.2(A) below. Therefore, beyond any obligation to
give notice as set forth in Section 5.2(A) below, nothing in this Agreement obligates Executive to remain in the Company’s employ for any period of time, and the Company has no obligation to employ Executive for any definite or indefinite
period of time. 
 2.2 Executive represents that the performance of this Agreement and his/her duties as an employee of the Company does not
and will not breach (i) any pre-existing agreement to refrain from competing, directly or indirectly, with the business of any previous employer or any 

  
 2 

 
other party, (ii) any pre-existing agreement to keep in confidence proprietary information, knowledge or data acquired by Executive prior to his/her employment with the Company, or
(iii) any other terms or obligations to which he/she is bound. 
  

	3.	SCOPE OF EMPLOYMENT 

 3.1 Executive will faithfully, diligently and efficiently perform such
duties on behalf of the Company as the Company may assign to him/her. Executive agrees to abide by the rules, regulations, instructions, personnel practices and policies of the Company, including any changes which may be adopted from time to time.
Executive’s actions shall at all times be consistent with, and pursued solely to further, the interests of the Company. Under no circumstances will Executive take any action contrary to the best interests of the Company at any time during the
Employment Period. 
 3.2 Executive shall devote his/her full time and attention to the affairs of the Company and shall not undertake any
outside employment, with or without compensation, without written permission of the President or CEO of F&G specifying the outside activity in which Executive may engage. 

3.3 Executive shall not have an ownership interest in any company that is a competitor of the Group, except that Executive may have a passive
investment in any such company to the extent that (1) the investment does not constitute more than 1% of the competitor’s ownership, and (2) the investment is an immaterial percentage of Executive’s net worth. 

 

	4.	COMPENSATION AND BENEFITS 

 4.1 Compensation: Executive’s Compensation will be
determined in the Company’s sole discretion. 
 4.2 Benefits: Executive shall be eligible to receive the various benefits
offered by the Company to its executive employees as may be determined from time to time by the Company. These benefits may be modified or eliminated from time to time at the sole discretion of the Company. Where a particular benefit is subject to a
formal plan (for example, medical insurance), eligibility to participate in and receive the particular benefit shall be governed solely by the applicable plan document. 

4.3 Expenses: Executive shall be entitled to reimbursement for reasonable out-of-pocket expenses incurred for the Group’s business
(including travel and entertainment) in accordance with the policies, practices and procedures of the Company. 
  

	5.	TERMINATION OF EMPLOYMENT 

 5.1 Termination For Cause: The Company may terminate
Executive’s employment for Cause immediately upon written notice. Upon termination of Executive’s employment with the Company in accordance with this Section 5.1, all Compensation and benefits will cease and Executive shall not be
entitled to receive any other Compensation, payments or benefits, except (a) earned wages or accrued vacation time that remains due and payable, and (b) benefits to the 

  
 3 

 
extent that Executive is entitled to accrued benefits under the express terms of any plan governing such benefits and to the extent that such benefits cannot be cancelled under either the terms
of the relevant plan documents or applicable law. Executive will have the right to elect to continue his/her health and dental insurance after the Termination Date to the extent permitted by the Consolidated Omnibus Budget Reconciliation Act of
1985, as amended (“COBRA”). Such coverage shall be at Executive’s expense and is not the responsibility of the Company. 

“Cause” means the Company’s determination, in its sole discretion, that: (i) Executive has breached Executive’s
obligations under this Agreement; (ii) Executive has failed to perform duties assigned to Executive in a manner satisfactory to the Company, subject to the obligation of the Company to provide Executive with prior notice providing reasonable
detail of the bases for the unsatisfactory performance and an opportunity to correct the performance deficiencies; (iii) Executive has engaged in acts of dishonesty or moral turpitude, or any unlawful conduct; or (iv) Executive has engaged
in conduct that is likely to affect adversely the business and/or the reputation of the Company. 
 5.2 Termination For Reasons Other
Than Cause: 
 (A) Termination With Notice Period: Either party may terminate Executive’s employment for any
reason other than for Cause, Disability or death by giving the other party three (3) months’ notice in writing; terminations for Cause are governed by Section 5.1 above, for Disability by Section 5.2(C) below and death by
Section 5.2(D) below. 
 (i) By The Company: 

(a) Continuation of Compensation and Benefits: In the event that the Company provides notice to Executive under this
Section 5.2(A), then for the duration of the Notice Period Executive shall continue to receive the base salary that he/she received immediately prior to the notice of termination and shall continue to be eligible to receive all benefits to
which he/she is entitled as an employee of the Company. Executive shall not be entitled to any bonus (either in full or pro rata) otherwise payable after the date on which notice is given, nor except as provided below shall Executive receive any
Compensation or be eligible for any benefits after the Termination Date, including but not limited to salary and medical, dental, life and disability benefits. Executive will have the right to elect to continue his/her health and dental insurance
after the Termination Date to the extent permitted by COBRA. Except as provided below, any COBRA coverage will be at Executive’s own expense and is not the responsibility of the Company. 

(b) Severance: Provided Executive signs and delivers, and does not revoke, a general release in a form acceptable to
the Company in its sole discretion, (x) Executive shall be entitled to receive a severance payment equal to two (2) weeks of base salary for every full year that Executive was employed by the Group, subject to a minimum payment of
twenty-six (26) weeks base salary and a maximum payment of fifty-two 

  
 4 

 
(52) weeks base salary, and (y) if Executive properly elects COBRA coverage, the Company will make payments to the insurance provider(s) equal to the amount due for Executive’s COBRA
coverage payments for a period of time equal to the number of weeks of Executive’s severance payments or until Executive is eligible to receive health benefits under another medical plan, whichever is sooner (by way of example only, if
Executive is entitled to a severance payment equal to thirty weeks’ base salary because he/she has been employed by the Company for fifteen (15) years, the Company will make monthly payments to the COBRA insurance provider for the first
thirty weeks of COBRA coverage, assuming Executive has executed and not revoked the release and has not otherwise become eligible to receive benefits under another medical plan). Executive agrees to give the Company notice immediately if he/she
becomes eligible to receive benefits under another medical plan. The release agreement shall be provided to the Executive during the first month of the Notice Period. The severance payment based on tenure with the Company shall be paid in a lump sum
within ten (10) days following the expiration of the Notice Period, provided that Executive has executed the release agreement, returned it to the Company, and allowed the revocation period therefor to expire, by the end of the Notice Period.
The release agreement will provide, among other things, for the general release of any and all claims that Executive may have against the Group and its officers, directors, employees and agents, whether known or unknown, and whether at common law or
arising under any statute, including but not limited to statutes relating to discrimination and whistleblowing, and also will require Executive to keep the terms of the release confidential, subject to appropriate carve outs as required by law.
Executive shall not be entitled to any other payment of any kind, except (a) as expressly provided in this Agreement, (b) earned wages or accrued vacation time that remains due and payable, and (c) benefits to the extent that
Executive is entitled to accrued benefits under the express terms of any plan governing such benefits and to the extent that such benefits cannot be cancelled under either the terms of the relevant plan documents or applicable law. 

(ii) By Executive: In the event that Executive provides notice to the Company under Section 5.2(A), Executive shall not be
entitled to any bonus (either in full or pro rata) otherwise payable after the date on which notice is given or any other compensation, payment or benefits of any kind, except (a) for the duration of the Notice Period, Executive shall continue
to receive the base salary that he/she received immediately prior to the notice of termination and shall continue to be eligible to receive all benefits to which he/she is entitled as an employee of the Company, (b) earned wages or accrued
vacation time that remain due and payable after the Termination Date, and (c) benefits payable after the Termination Date to the extent that Executive is entitled to accrued benefits under the express terms of any plan governing such benefits
and to the extent that such benefits cannot be cancelled under either the terms of the relevant 

  
 5 

 
plan documents or applicable law. Executive will have the right to elect to continue his/her health and dental insurance after the Termination Date to the extent permitted by COBRA. Such coverage
shall be at Executive’s expense and is not the responsibility of the Company. 
 (B) Conduct During the Notice
Period: During the Notice Period, Executive remains employed by the Company and shall not commence employment with any other employer, and is subject to all of the obligations, rules, policies and practices of the Company, including the
obligation to act solely in the best interest of the Company. During the Notice Period, Executive shall perform such duties and tasks as the Company may assign to Executive, provided, however, that the Company reserves the right to have Executive
stay away from the Company’s premises and not contact any Group employee or Client. 
 (C) Disability: The
Company may terminate Executive’s employment on written notice to Executive that the Company has determined that a Disability of Executive has occurred. Should the Company terminate this Agreement by reason of Executive’s Disability, all
Compensation and benefits will cease effective on the Termination Date, and Executive shall have no right to any further payments or benefits except (a) to the extent that Executive is entitled to wages, accrued but unused vacation time or
accrued benefits under the express terms of any plan governing such benefits, and (b) a pro rata bonus for the period when Executive was performing his/her regular duties on a full-time basis to the extent such bonus would have otherwise been
payable in the absence of such disability. 
 (D) Death: Executive’s employment shall terminate automatically
upon Executive’s death. All Compensation and benefits will cease effective on the date of Executive’s death, except that Executive’s estate shall be eligible to receive Executive’s bonus, to the extent such bonus would have
otherwise been payable, for the period up through Executive’s death; in the event Executive’s death is prior to the end of a Compensation Year, the bonus shall be prorated based upon the number of days Executive worked during the
Compensation Year. 
 (E) Equity Compensation: Any unvested award granted under any Company equity compensation plan
will be handled in accordance with the terms of the applicable plan and grant agreement. 
 (F) IRC Section 409A
Compliance: The parties intend that the payments and benefits to which Executive could become entitled in connection with a termination of employment shall comply with or meet an exemption from Section 409A of the Internal Revenue Code. In
this regard, notwithstanding anything in this Agreement to the contrary, all cash amounts that become payable under this Agreement shall be paid no later than March 15 of the year following the year in which such amounts are earned or become
payable, shall qualify for the exception for “separation pay” set forth in Section 1.409A-1(b)(9) of the Treasury Regulations, or shall comply with Section 409A of the Internal Revenue Code. Payments subject to Section 409A
of the Internal Revenue Code that are due upon termination of employment shall be made only upon “separation from 

  
 6 

 
service” within the meaning of Section 409A(a)(2)(A)(i) of the Internal Revenue Code, and shall be subject to the 6-month payment delay described in Section 409A(a)(2)(B)(i) of the
Internal Revenue Code if the Executive is a “specified employee” as described therein. In the event that it is determined that the terms of this Agreement do not comply with Section 409A of the Code, the parties will negotiate
reasonably and in good faith to amend the terms of this Agreement so that it complies (in a manner that preserves the economic value of the payments and benefits to which Executive may become entitled) so that payments are made within the time
period and in a manner permitted by the applicable Treasury Regulations. 
 5.3 Upon termination (or suspension) of Executive’s
employment, regardless of the reason, Executive shall deliver to the Company all books, documents and materials described in Section 6 below, and all computers, blackberries, other personal data devices, phones, credit cards, keys and other
property of the Group that are in Executive’s possession or control. 
 5.4 Termination of Executive’s employment with the Company
for any reason shall constitute Executive’s resignation as an officer, director, trustee and/or any and all other positions held by him with any subsidiary or any pooled investment vehicle organized or advised by the Group, effective
automatically. Executive shall execute any and all documents and take any and all action reasonably requested by the Group to acknowledge and effect such resignations. 
  

	6.	FURTHER COVENANTS. 

 6.1 All Business to Be the Property of the Group; Assignment of
Intellectual Property. 
 (A) Executive agrees that any and all presently existing investment advisory and insurance
business of the Group and all business developed by Executive or any other employee of the Group, including without limitation all investment advisory and insurance contracts, distribution agreements, fees, commissions, compensation records,
performance records, Client Lists, agreements and any other incident of any business developed or sought by the Group or earned or carried on by Executive during his/her employment with the Group, are and shall be the exclusive property of the Group
for its sole use and (where applicable) shall be payable directly to the Group. Executive grants to the Group Executive’s entire right, title and interest throughout the world, if any, in and to all research, information, Client Lists, product
lists, distributor lists, identities, investment profiles and particular needs and characteristics of Clients, performance records, and all other investment advisory, insurance, technical and research data made, conceived, developed and/or acquired
by Executive solely, jointly or in common with others during the period of Executive’s employment by the Group, that relate to the Group’s business as it was or is now rendered or as it may, from time to time, hereafter be rendered or
proposed to be rendered during the Employment Period. 
 (B) Any inventions and any copyrightable material developed by
Executive in the scope of his/her employment with the Group shall be promptly disclosed to the Group and will be “works for hire” owned by the Group. Executive will, at the Group’s expense, do whatever is necessary to transfer to the
Group, and document its ownership of, any such property. 

  
 7 

 6.2 Confidentiality. Executive shall not, either during the period of Executive’s
employment with the Group or thereafter, use for Executive’s own benefit or disclose to or use for the benefit of any person outside the Group, any information not already lawfully available to the public concerning Confidential Information,
whether Executive has such information in Executive’s memory or embodied in writing or other tangible or electronic form. All Confidential Information, and all originals and copies of any Confidential Information, and any other written material
relating to the business of the Group, including information stored electronically, shall be the sole property of the Group. Executive acknowledges and agrees that the Confidential Information has been and will be developed by the effort and expense
of the Group; that such Confidential Information has economic value to the Group and would have significant economic value to the Group’s competitors if divulged; that the Confidential Information is not available to the Group’s
competitors; and that keeping the Confidential Information from the Group’s competitors has economic value to the Group. Upon the termination of Executive’s employment in any manner or for any reason, Executive shall promptly surrender to
the Group all originals and copies of any Confidential Information, and Executive shall not thereafter retain or use any Confidential Information for any purpose. 

6.3 Client Information. Executive acknowledges that while employed by the Group, Executive will have contact with and become aware of
the Group’s Clients and distributors and the representatives of those Clients and distributors, names and addresses, specific client and distributor needs and requirements, and leads and references to Potential Clients (together with the Client
List, collectively, the “Client Information”). Executive agrees that the Client Information constitutes a trade secret and otherwise is a valuable asset of the Group. Executive further agrees that the Client Information has been and will
be developed by the Group and would have significant economic value to the Group’s competitors if divulged; that the Client Information is not available to the Group’s competitors; that keeping the Client Information confidential from the
Group’s competitors has economic value to the Group; and that the Group takes reasonable steps to protect the confidentiality of the Client Information. 

6.4 Restrictive Covenants. 

(A) For eighteen (18) months following the Termination Date, irrespective of the reason for the termination, Executive
shall not, directly or indirectly, solicit or attempt to solicit, or assist others in soliciting or attempting to solicit, any Client of the Group for the purpose of providing investment advisory or insurance services or products or distribution
services. Executive agrees that the restriction contained in this Section is necessary to protect the Group’s business and property in which the Group has made a considerable investment, and to prevent misuse of the Confidential and Client
Information. For purposes of this Section 6.4(A), “Client” means: 
 “Past Client” means any person or entity who
had been an advisee, investment advisory or insurance customer, distributor or client of the Group during the one (1) year period immediately preceding the termination of Executive’s employment with the Group and with which Executive dealt
while at the Group or which became known to Executive during the course of his/her employment at the Company. 

  
 8 

 “Potential Client” means any person or entity to whom the Group has offered (by means
of a personal meeting, telephone call, or a letter or written proposal specifically directed to the particular person or entity) within the one (1) year immediately preceding the termination of Executive’s employment to serve as investment
adviser or to provide or distribute insurance products but which is not at such time an advisee, investment advisory or insurance customer, distributor or client of the Group and with which Executive dealt while at the Group or which became known to
Executive during the course of his/her employment at the Group; this definition includes persons or entities for which a plan exists to make such an offer, but excludes persons or entities solicited or to be solicited solely by non-personalized form
letters and blanket mailings. 
 “Present Client” means any person or entity who at the time of Executive’s termination of
employment is an advisee, investment advisory or insurance customer, distributor or client of the Group and with which Executive dealt while at the Group or which became known to Executive during the course of his/her employment at the Group. 

(B) For eighteen (18) months following the termination of Executive’s employment with the Group, irrespective of the
reason for the termination, Executive shall not directly or indirectly solicit, recruit, induce away, or attempt to solicit, recruit, or induce away, or hire any employee, director, officer or agent, contractor or consultant of the Group with whom
Executive had contact during Executive’s employment with the Group. For purposes of this paragraph, “contact” means any personal interaction whatsoever between the individual and Executive. 

(C) For six (6) months following the termination of the Executive’s employment with the Group, irrespective of the
reason for the termination, the Executive shall not, without the written consent of the Group, directly or indirectly carry on or participate in a Competing Business (as defined below). A “Competing Business” shall mean a life insurance or
annuity business, or a business in the life insurance or annuity industry, in the United States of America. The phrase “carry on or participate in a Competing Business” shall include engaging in any of the following activities, directly or
indirectly: (i) Carrying on or engaging in a Competing Business as a principal, or on the Executive’s own account, or solely or jointly with others as a director, officer, agent, employee, consultant or partner, or stockholder, limited
partner or other interest holder owning more than five (5) percent of the stock or equity interests or securities convertible into more than five (5) percent of the stock or equity interests in any entity that is carrying on or engaging in
a Competing Business; (ii) as agent or principal, carrying on or engaging in any activities or negotiations with respect to the acquisition or disposition of a Competing Business; (iii) extending credit for the purpose of establishing or
operating a Competing Business; (iv) lending or allowing the Executive’s name or reputation to be used in a Competing Business; (v) otherwise allowing the Executive’s skill, knowledge or experience to be used in a Competing
Business. 
 (D) Executive and the Group agree that the period of time and the geographic area applicable to the covenants of
Section 6.4 are reasonable and necessary to protect the legitimate business interests and goodwill of the Group in view of (1) Executive’s senior executive position within the Group, (2) the geographic scope and nature of the
business in which the Group is engaged, (3) Executive’s knowledge of the Group’s business and (4) Executive’s relationships with the Clients. 

  
 9 

 6.5 Executive shall comply with (a) every applicable rule of law and (b) the rules and
regulations of regulatory authorities insofar as the same are applicable to his/her employment with the Group. 
 6.6 Executive shall not
disparage, portray in a negative light or make any statement which would be harmful to, or lead to unfavorable publicity for, the Group, or any of their current or former directors, officers or employees, including, without limitation, in any and
all interviews, oral statements, written materials, electronically displayed materials and materials or information displayed on internet or internet-related sites; provided, however, that this Agreement does not apply to the extent Executive is
making truthful statements when required by law or by order of a court or other legal body having jurisdiction or when responding to an inquiry from any governmental or regulatory organization. 

6.7 At no time after the Termination Date shall Executive represent him/herself as being interested in or employed by or in any way connected
with the Group, other than as a former employee of the Group. After the Termination Date, Executive shall not in the course of carrying on any trade or business claim, represent or otherwise indicate any present association with the Group or for the
purpose of carrying on or obtaining or retaining any business or customers claim, represent or otherwise indicate any past association with the Group. 

6.8 Executive agrees to (i) provide truthful and reasonable cooperation, including but not limited to his/her appearance at interviews
and depositions, in all legal matters, including but not limited to regulatory and litigation proceedings relating to his/her employment or area of responsibility at the Group, whether or not such matters have already been commenced and through the
conclusion of such matters or proceedings, and (ii) to provide to the Group’s counsel all documents in Executive’s possession or control relating to such regulatory or litigation matters. F&G will reimburse Executive for all
reasonable travel expenses in connection with such cooperation. 
 6.9 The provisions of this Agreement, including but not limited to this
Section 6, shall continue to apply with full force and effect should Executive transfer between or among the Group, wherever situated, or otherwise become employed by any other member of the Group, or be promoted or reassigned to any position.
In the event that Executive becomes employed by a member of the Group other than the Company, this Agreement shall be read to substitute the other company’s name wherever the Company is referenced and the Company’s rights under this
Agreement shall be assigned to Executive’s new employer and Executive consents to such assignment. 
 6.10 The Group shall have the
right to communicate Executive’s ongoing obligations under this Agreement to any entity or individual by whom Executive becomes employed or with whom Executive becomes otherwise engaged following termination of employment with the Group, and
Executive consents to the Group making that communication. 

  
 10 

 6.11 To the extent any of the covenants of this Section 6 or any other provisions of this
Agreement shall be deemed illegal or unenforceable by a court or other tribunal of competent jurisdiction with respect to (i) geographic area, (ii) time period, (iii) any activity or capacity covered by such covenant or contractual
provision, or (iv) any other term or provision of such covenant or contractual provision, the covenant or contractual provision shall be construed to the maximum breadth determined to be legal and enforceable and the illegality or
unenforceability of any one covenant or contractual provision shall not affect the legality and enforceability of the other covenants or contractual provisions. 

6.12 Executive acknowledges that his/her agreement to comply with these restrictions was an inducement for the Group to continue to employ
Executive and to enter into this Agreement with Executive. 
  

	7.	GENERAL 

 7.1 This Agreement and any disputes relating to the parties’ relationship or the
termination of that relationship, whether arising in law or equity and whether based on contract, tort or statutory rights, shall be deemed to have been made in the state of Maryland and shall take effect as an instrument under seal, and the
validity, interpretation and performance of this Agreement shall be governed by, and construed in accordance with, the internal law of the state of Maryland, without giving effect to conflict-of-law principles. Both parties agree that any action,
demand, claim or counterclaim (collectively, any “Legal Action”) relating to this Agreement or any other disputes relating to the parties’ relationship or the termination of that relationship, whether arising in law or equity and
whether based on contract, tort or statutory rights, shall be commenced exclusively in Maryland in any state or federal court of competent jurisdiction. Both parties acknowledge material witnesses and documents would be located in Maryland, and
neither party shall assert that Maryland is an inconvenient or otherwise inappropriate venue for the resolution of any dispute. Both parties further agree that any disputes relating to this Agreement or any other disputes relating to the
parties’ relationship or the termination of that relationship, whether based on contract, tort or statutory rights, shall be resolved by a judge alone, and both parties waive and forever renounce the right to a trial before a civil jury. 

7.2 This agreement may be executed in counterparts. 

7.3 This Agreement contains the entire agreement of the parties and supersedes all oral or written employment, consulting or similar
agreements, understandings or arrangements between Executive, on the one hand, and the Group, on the other hand, relating to Executive’s employment or the termination of his/her employment. In entering into this Agreement, neither party is
relying on any oral or written representation, promise, agreement or understanding that is not set forth in this Agreement, and both parties expressly disclaim any reliance on any oral or written representation, promise, agreement or understanding
not set forth in this Agreement. 

  
 11 

 7.4 This Agreement may not be amended or modified other than by a written agreement executed by
both parties. The writing executed by the Company must be by the CEO of F&G. This Agreement is binding upon and inures to the benefit of both parties and their respective successors and assigns, including any corporation with which or into which
the Company may be merged or which may succeed to its assets or business, although the obligations of Executive are personal, are not assignable, and may be performed only by him/her. 

7.5 All notices and other communications required under this Agreement shall be in writing and shall be given by hand delivery to the other
party, by overnight delivery service, signature required, or by registered or certified mail, return receipt requested, postage prepaid, addressed as follows: 
  

			
	 If to Executive:
	  	Dennis Vigneau
		  	1759 Honore Street
		  	Chicago, IL 60622
		
	 If to the Company:
	  	Fidelity & Guaranty Life Business Services, Inc.
		  	1001 Fleet Street
		  	Baltimore, MD 21202
		  	Attn: Rose Boehm

 or to such other address as either party shall have furnished to the other in writing in accordance with this provision.
Notices and communications shall be effective when delivered to the addressee or, if addressee refuses delivery, on the date delivery was first attempted. 

7.6 Executive’s or the Company’s failure to insist upon strict compliance with any provision of this Agreement or the failure to
assert any right Executive or the Company may have hereunder shall not be deemed to be a waiver of such provision or right or any other provision or right under this Agreement. 

7.7 All provisions in this Agreement that relate to compensation or benefits (including but not limited to salary, bonuses and employee
benefits) are operative only to the extent that Executive continues to be employed by the Company as of the time that the payment or award of any of the above would be due except as otherwise provided for in Section 5 or under the express terms
of any benefit plans. If Executive is no longer employed as of that time, none of the Compensation or benefits otherwise due shall be payable to Executive except (a) as expressly provided in Section 5 of this Agreement, (b) for earned
but unpaid wages or accrued but not used vacation or (c) under the express terms of any benefit plans to the extent that such benefits cannot be cancelled under either the terms of the relevant plan documents or applicable law. 

7.8 Executive acknowledges and agrees that the Company’s remedy at law for any breach of the provisions of this Agreement would be
inadequate and that for breach of such provisions the Company shall, in addition to such other remedies as may be available to it at law or in equity or as provided in this Agreement, be entitled to temporary, preliminary and permanent injunctive
relief as well as to enforce its rights by an action for specific performance to the extent permitted by law. Executive expressly consents to the granting of temporary, preliminary, and permanent injunctive relief and/or specific performance for
breach of this Agreement. 

  
 12 

 7.9 The Company shall have the right to set off any damages incurred by the Group against any
amounts due to Executive by the Group, except for Executive’s salary and other sums that are non-forfeitable wages under the law or otherwise protected from offset or seizure by law. In addition to, and without limiting in any way, the
Company’s rights and remedies as set forth in this Agreement or in law or equity, Executive agrees that if Executive engages in any activities prohibited by this Agreement, Executive will pay over to the Company all compensation or revenue
received in connection with such activities. 
 7.10 All compensation and benefits payable under this Agreement shall be subject to
withholding by the Company of all applicable taxes. The parties further understand and agree that should any relevant law (including without limitation any regulatory interpretations thereof) change between the time of execution of this Agreement
and the payment of the various payments to Executive called for by the Agreement, the parties will revise the Agreement accordingly in a good-faith attempt to ensure ongoing compliance with such law upon mutual agreement of the parties, staying as
consistent as possible with the financial and other business terms of this Agreement, but in any case Executive hereby agrees that all personal income taxes on his/her compensation and benefits under this Agreement and all penalties and interest
with respect to such personal income taxes, including but not limited to under Section 409A of the Internal Revenue Code, if any, are his own responsibility. 

7.11 Executive and the Company represent and acknowledge that the consideration that each has received under this Agreement is sufficient and
adequate for the obligations that each has agreed to undertake, and expressly waives any right to assert that they have not received adequate consideration for agreeing to the obligations undertaken in this Agreement. 

7.12 Executive acknowledges and represents that he/she understands his/her obligations and rights under this Agreement, has had adequate time
to consider it, and has had adequate time and opportunity to ask any questions and obtain any advice he/she felt necessary or appropriate. No one has placed any pressure on Executive to execute this Agreement prior to the expiration of a reasonable
time for him/her to read it, ask any questions and obtain any advice he/she felt necessary or appropriate. Executive enters into this Agreement freely and voluntarily. 

7.13 The officer executing this Agreement on behalf of F&G has the authority to enter into this Agreement, and Executive is relying on
his/her authority to do so. 
 IN WITNESS whereof this Agreement has been executed the day and year first above written. 

  
 13 

 
			
	EXECUTIVE
	
	 /s/ Dennis Vigneau

	By:	 	Dennis Vigneau
	
	FIDELITY & GUARANTY LIFE BUSINESS SERVICES, INC.
	
	 /s/ Rose Boehm

	By:	 	Rose Boehm
		
	Its:	 	 SVP, Human Resources

  
 14EX-10.3

 Exhibit 10.3 

SECOND AMENDED AND RESTATED 

EMPLOYMENT AGREEMENT 

This SECOND AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”) is entered into as of January 23, 2014 by and
between Ladder Capital Finance LLC, a Delaware limited liability company (the “Company”), and Brian Harris (“Executive”). 

WHEREAS, the Company and Executive are parties to that certain Amended and Restated Employment Agreement, dated as of January 22, 2013
(the “Prior Agreement”); 
 WHEREAS, reference is hereby made to (i) Ladder Capital Finance Holdings LLLP, a Delaware
limited liability limited partnership (“Holdings”) and (ii) Ladder Capital Corp, a Delaware corporation (“LCC Corporation”); 

WHEREAS, LCC Corporation is currently contemplating the completion of an initial public offering of shares of its Class A Common Stock
pursuant to a transaction which would result in LCC Corporation becoming the general partner of, and the owner of a significant limited partnership interest in, Holdings (such initial public offering, the “Ladder IPO”); 

WHEREAS, if the Ladder IPO is completed, then the date on which the Ladder IPO closes and thereby is completed shall be referred to herein as
the “IPO Date”; and 
 WHEREAS, subject to Section 14 of this Agreement, the Company and Executive desire to
amend and restate the Prior Agreement in its entirety as set forth herein. 
 NOW THEREFORE, in consideration of the premises and mutual
covenants set forth herein, and other consideration, the receipt of which is hereby acknowledged, the Company and Executive hereby agree as follows: 

1. Position and Employment. The Company agrees to continue to employ Executive, and Executive hereby agrees to continue employment with
the Company, as the Company’s Chief Executive Officer, upon the terms and conditions as set forth in this Agreement for the Employment Period (as herein defined). 

2. Reporting, Duties, and Other Covenants. 

(a) Reporting. Executive shall report to the Board of Directors of LCC Corporation or, if the Company ceases to be indirectly controlled
by LCC Corporation, then the Board of Directors of the Company or the Company’s ultimate parent (in either case, the “Board”). There will not be any other executives that report to the Board. 

(b) Duties. Executive shall be responsible for supervision and general management of the business and operations of the Company and
shall have the normal duties, responsibilities, and authority of a Chief Executive Officer, subject to the power of the Board (i) to expand, with the written consent of Executive, such duties, responsibilities, and authority

 
beyond what is otherwise described herein and (ii) to identify specific decisions or actions that require consultation with, or the consent of, the Board or an appropriate committee thereof.
Such normal duties of Executive shall include decision-making authority over the day-to-day operations of the Company and the
other Ladder Companies (as herein defined), including, without limitation, day-to-day decision-making authority regarding
(x) the hiring, firing, reporting, and, subject to Section 3, compensation of the Ladder Companies’ employees (provided that the hiring, firing, reporting, and compensation of any
management-level employee of any Ladder Company shall require approval of the Board or an appropriate committee thereof); (y) subject to Section 2(c)(i) and to any general guidelines,
parameters, or policies that may be adopted by the Board or an appropriate committee thereof from time to time, the identification, execution, and disposition of the portfolio investments of the Company and any of the other Ladder Investment
Companies (as herein defined); and (z) the consultation of outside advisors and experts on behalf of the Company and the other Ladder Companies. 

(c) Executive Covenants. 

(i) Executive shall have the power and authority (without consent or approval from the Board or the Risk and Underwriting
Committee of the Board (the “RUC”)) to commit the Company, any other Ladder Company (as herein defined), or as any other entity for which any Ladder Company has authority to make investment decisions (collectively with the Ladder
Companies, the “Ladder Investment Companies”), in each case, whether for their respective own accounts and/or in connection with any assets under management, to: 

 

	 	A.	invest in investment grade commercial mortgage-backed securities or securities guaranteed by an agency of the United States of America in any single class of any single issuance
in an investment amount for all Ladder Investment Companies of up to (i) $26,000,000 for securities rated, at the time of such investment, AA, A or BBB by either Standard & Poor’s Corporation (“S&P”) or Fitch
Ratings (“Fitch”), or Aa, A or Baa by Moody’s Investor Service (“Moody’s”), and (ii) $50,000,000 for securities rated, at the time of such investment, AAA by either S&P or Fitch, or Aaa by
Moody’s (collectively, “CMBS and Agency Investments”); 

  

	 	B.	with respect to the aggregate investments made by the Ladder Investment Companies for any particular commercial real estate project, make: (x) fixed rate loans (including government sponsored entity project fixed
rate loans) in an amount up to $50,000,000, (y) floating rate and mezzanine loans in an amount up to $20,000,000, and (z) equity investments in an amount up to $5,000,000, including, in each such case with respect to such amounts, the use
of leverage by the Ladder Investment Companies pursuant to any debt facility that has been obtained by any Ladder Investment Company, and so long as, in each case, any such investment is otherwise in compliance with the parameters established, from
time to time, by the RUC (collectively, “Commercial RE Investments”); 

  
 2 

	 	C.	invest in instruments such as interest rate swaps, swap futures, VIX calls, S&P puts, credit default swaps and index-based hedges (including CMBX) (collectively, “Hedges”) to hedge interest rate and
credit risk for the Ladder Investment Companies; or 

  

	 	D.	invest the assets of any Ladder Investment Company, in the ordinary course of its business, by making investments in short-term, highly liquid securities issued or guaranteed by
the U.S. Government or its agencies or commercial paper (rated at least A-1/P1 by S&P and Moody’s, respectively, with terms/average lives of no more than 2 years), bank deposits (at FDIC-insured banks with a minimum deposit rating of A-1/P1 by S&P and Moody’s respectively), and diversified money market funds (collectively, “Cash
Equivalent Investments”; and collectively with CMBS and Agency Investments, Commercial RE Investments and Hedges, “Pre-Approved Investments”). 

With respect to any proposed investment by any Ladder Investment Company other than Pre-Approved
Investments, Executive shall submit for approval to the RUC an investment committee memorandum with respect to such proposed investment, and any such proposed investment shall be deemed to be approved by the RUC in the event that the RUC has not
acted with respect to such proposed investment within two business days of receiving such memorandum. 
 (ii) In the event
Alan Fishman ceases for any reason to be Chairman of the Board, then either (A) Executive shall be offered by the Board (but is not required to accept) the position of Chairman of the Board or (B) the individual to be appointed to the
position of Chairman of the Board shall be subject to the approval of Executive. 
 (iii) Executive acknowledges and agrees
that he will be subject to the policies and procedures of the Company, as may be established, amended, or terminated from time to time, including those generally applicable to senior management employees of the Company; provided that in no
event shall any failure by Executive to comply with any such policy or procedure constitute a breach of this Section 2(c)(iii) and give rise to “Cause” under clause (C) of the definition thereof in
Section 5(d)(i). 
 (iv) Subject to Sections 2(d)(iii) and 4(e), Executive shall devote such time
and attention to the business and affairs of the Company, LCC Corporation, Holdings, and their respective subsidiaries, whether currently existing or hereafter acquired or formed (collectively, the “Ladder Companies”) as are
necessary for Executive to fulfill his duties and responsibilities as Chief Executive Officer and shall not devote business time and attention to any other business interest. 

  
 3 

 (v) The Company may apply for, obtain, and maintain a key man life insurance
policy in the name of Executive, the beneficiary of which shall be the Company. Executive shall submit to reasonable physical examinations and answer reasonable questions as may be required in connection with the application and, if obtained, the
maintenance of, such insurance policy. 
 (vi) Expiration of Put Provisions. Reference is hereby made to the
Subscription Agreement, dated as of September 22, 2008, by and between Holdings and Executive (the “Harris Subscription Agreement”). Executive and the Betsy A. Harris 2012 Family Trust (the “Harris Trust”)
hereby acknowledge and agree that, effective as of the IPO Date, Section 4 of the Harris Subscription Agreement will automatically terminate and will be of no further force or effect. Accordingly, Executive and Harris Trust hereby agree that,
effective as of the IPO Date, neither Executive, Harris Trust nor any other person has any further rights pursuant to Section 4 of the Harris Subscription Agreement. Holdings is a third party beneficiary of this Section 2(c)(vi).

 (vii) To the extent Executive serves as a member of the Board or any other Ladder Company, or becomes chairman of any such
boards of directors, Executive shall do so without any additional compensation therefor. 
 (d) Company Covenants. 

(i) At Executive’s option, the Company shall cause LCC Corporation to nominate Executive to be elected (or, if applicable,
re-elected) to be a member of the board of directors of LCC Corporation, and if appointed, Executive agrees to serve, without additional compensation, as a member of the board of directors of LCC Corporation 

(ii) The Company shall obtain and maintain director’s and officer’s insurance for Executive (in such amounts as are
customary for executives of businesses of size and nature comparable to that of the Company). In the event any such insurance policy is terminated for any reason, the Company shall give timely notice to Executive of such termination and shall
promptly obtain an appropriate replacement policy. To the extent that there is any gap in coverage of such insurance policy, the Company agrees to defend, indemnify and hold Executive harmless, to the maximum extent permitted by law, in accordance
with the indemnification provisions set forth in Section 9 hereof. 
 (iii) During the Employment Period,
Executive may continue to engage in charitable activities so long as such charitable work does not interfere with the fulfillment of Executive’s duties under this Agreement. 

3. Company Compensation 

(a) Base Salaries for the Senior Management Team. For purposes of this Agreement, (i) the “Senior Management Team”
shall mean the employees of the Company who hold the following positions at the Company: Chief Executive Officer, President, Chief Investment Officer, General Counsel and Co-Head of Securitization, Chief Financial Officer, Head of Asset Management,
and Head of Merchant Banking and Capital Markets and any other 

  
 4 

 
individuals mutually agreed to by the Board and Executive and (ii) the “Other Employees” shall mean all employees of the Company who are not members of the Senior Management
Team. Base salaries for the Senior Management Team shall be in an amount set by the Board, but under no circumstances will the base salaries for the Senior Management Team as of the IPO Date be less than Four Million One Hundred Thousand Dollars
($4,100,000) per annum in the aggregate (the “Senior Management Team’s Base Salary Amount”). 
 (b) Annual Cash
Bonus for the Senior Management Team and Other Employees. After each calendar year during the Employment Period, a determination of the amount of cash bonuses to be paid among the Senior Management Team and Other Employees with respect to such
calendar year (the “Pooled Annual Cash Bonus”) will be made consistent with the process and guidelines described in, and subject to the terms of, Section 3(d) and, solely with respect to the Senior Management Team,
Exhibit A hereof. Any applicable Pooled Annual Cash Bonus will be paid to the applicable members of the Senior Management Team and the applicable Other Employees for which such a cash bonus has been determined to be paid by no later than
February 28th in the calendar year following the calendar year to which such performance bonus relates. With respect to any particular calendar year, the Pooled Annual Cash Bonus shall be in
an amount sufficient to result in cash bonuses being eligible to be paid to (i) Other Employees in amounts as determined to be appropriate by the Compensation Committee of the Board (the “Compensation Committee”) in
consultation with Executive and (ii) the Senior Management Team in an amount equal to 9% of LCC Corporation’s Adjusted Net Income (as herein defined) for such calendar year consistent with the process and subject to the guidelines
described in, and subject to the terms of, Section 3(d) and Exhibit A hereof (the “Senior Management Team’s Annual Cash Bonus Amount”). For purposes of this Agreement, “Adjusted Net Income”,
for any period, means LCC Corporation’s net income before income taxes on a fully-consolidated basis for such period determined in accordance with generally accepted accounting principles (“GAAP”) as used by LCC Corporation in
the preparation of LCC Corporation’s financial statements, adjusted to exclude to the extent included in such net income amount, (i) net income or loss attributable to non-controlling interests in Holdings’ consolidated direct or
indirect joint ventures, (ii) real estate depreciation and amortization, (iii) the impact of unrealized derivative gains and losses related to the hedging of assets on LCC Corporation’s balance sheet as of the end of such period,
(iv) unrealized gains/losses related to LCC Corporation’s direct or indirect investments in Federal Home Loan Mortgage Corp and GNMA interest-only securities, (v) the premium (discount) on long-term financing, and the related
amortization of premium on long-term financing, (vi) non-cash stock-based compensation, (vii) certain one-time items as may be reasonably determined by the Compensation Committee in consultation with Executive, and (viii) any gain or
loss or other income that may occur outside of the ordinary course of business as may be reasonably determined by the Compensation Committee in consultation with Executive. 

(c) Annual Equity Incentive Grant for the Senior Management Team. After each calendar year during the Employment Period, a
determination of the amount of Equity Incentives (as defined in Section 3(d) below) to be granted among the Senior Management Team with respect to such calendar year will be made consistent with the process and guidelines described in,
and subject to the terms of, Section 3(d) and Exhibit A hereof (the “Senior Management Team’s Annual Equity Incentive Amount”), which provides that Equity Incentives with a value equal to $14.7 million,
subject to the guidelines in Exhibit A, will be eligible to be 

  
 5 

 
granted annually among the Senior Management Team; provided that no Other Employee will be entitled to participate in the Senior Management Team’s Annual Equity Incentive Amount; and
provided further that process and guidelines as described in this Agreement do not apply to the determination of, or any vesting related to, any initial upfront equity grants to the Senior Management Team at the time of the Ladder IPO.

 (d) Process for Determining Company Compensation. Promptly after the end of any particular calendar year during the Employment
Period, Executive shall present to the Compensation Committee (i) any proposed increases in annual base salaries for any particular Other Employee or member of the Senior Management Team, (ii) a proposed Pooled Annual Cash Bonus, including
the proposed Senior Management Team’s Annual Cash Bonus Amount, for such calendar year, and (iii) the proposed Senior Management Team’s Annual Equity Incentive Amount for such calendar year (collectively, the “Company’s
Annual Compensation”). Following consultation with Executive, the Compensation Committee shall present to the Board its recommendation of the Company’s Annual Compensation for the Board’s approval. Following the end of each
calendar year, Executive shall consult with the Compensation Committee in determining (A) to what extent the Company’s Annual Compensation will be paid (based on factors deemed relevant by the Compensation Committee) and, of the amount to
be paid, how the Company’s Annual Compensation will be allocated among each of the Company’s employees and (B) to what extent grants of options, restricted stock, restricted stock units and/or other comparable equity type incentive
products as the Compensation Committee may grant or award (“Equity Incentives”) may be made to the Senior Management Team by LCC Corporation (based on factors deemed relevant by the Compensation Committee, including, without
limitation, the Ladder Companies’ financial performance relative to the pre-tax return on average equity (“Pre-Tax Return on Average Equity”) hurdles contain in Exhibit A) pursuant to the Omnibus Incentive Plan of LCC
Corporation to be adopted by LCC Corporation on or about the IPO Date (such Omnibus Incentive Plan as may be amended from time to time, the “LCC Omnibus Incentive Plan”) and, with respect to any such Equity Incentives that may be
granted, the types and terms (including with respect to vesting) of any such granted Equity Incentives, and the manner in which such granted Equity Incentives will be allocated among each of the Company’s employees. The amount of any year-end
bonus actually paid to any employee shall be subject to approval of the Board (or the Compensation Committee), in its reasonable discretion, and the grant of any Equity Incentive (including all of the applicable terms with respect thereto) to any
employee will be subject to approval of the Board (or the Compensation Committee) of LCC Corporation, in its reasonable discretion; provided that, without in any way limiting the discretion of any Board or Compensation Committee as described
above, the Company acknowledges that Executive and the Board of Directors of LCC Corporation have previously agreed to a framework for determining (i) the Senior Management Team’s Base Salary Amount, (ii) the Senior Management
Team’s Annual Cash Bonus Amount and (iii) the Senior Management Team’s Annual Equity Incentive Amount (collectively, the “Senior Management Team’s Annual Compensation”), which framework is set forth on Exhibit
A attached hereto and shall be used as a guide by the Board of Directors (or the Compensation Committee) of LCC Corporation in connection with the matters described in this Section 3(d). In addition, in connection with the Ladder
IPO, the Company’s employees (including Executive and other members of the Senior Management Team and other employees selected by Executive) shall in the aggregate be awarded restricted stock of LCC Corporation under the LCC Omnibus Incentive
Plan with a total value (based on the applicable offering price achieved at the Ladder IPO) of not less than $27,537,500 (the “IPO Grants”). 

  
 6 

 4. Executive’s Compensation. 

(a) Executive’s Base Salary. Executive’s base salary shall be in an amount set by the Board, but under no circumstances will
be less than One Million Dollars ($1,000,000) per annum (“Base Salary”), which Base Salary shall be payable in regular installments in accordance with the Company’s general payroll practices and shall be subject to customary
withholding and other deductions required by law or authorized in writing by Executive. 
 (b) Year End Bonus. After each calendar
year during the Employment Period, Executive shall be eligible to receive an annual cash bonus (a “Year End Bonus”) with a target amount equal to 4.05% of the Adjusted Net Income for such calendar year (or such higher percentage or
amount as the Compensation Committee may determine, in its sole discretion), with the amount of such Year End Bonus to be as reasonably determined by the Compensation Committee in accordance with the process and guidelines described in, and subject
to the terms of, Section 3(d) and Exhibit A hereof. Executive’s Year End Bonus payable hereunder with respect to any particular calendar year shall be paid by no later than February 28th of the following calendar year,
or such earlier date as the Company pays annual performance cash bonus for such calendar year to other senior executives of the Company. 

(c) Annual Equity Incentive Grant. After each calendar year during the Employment Period, Executive shall be eligible to receive a
grant of Equity Incentives with a target amount equal to $5,975,000, with 90% of such amount to be a grant of restricted stock, and the remaining 10% of such amount to be a grant of options (with options being valued for such purpose by the
Compensation Committee, in consultation with the Chief Executive Officer, using widely-accepted valuation methods in connection with the grant by a public company of options to its employees), on terms and in such amount as reasonably determined by
the Compensation Committee in accordance with the process and guidelines described in, and subject to the terms of, Section 3(d) and Exhibit A hereof; provided that process and guidelines as described in this Agreement do
not apply to the determination of, or any vesting related to, any initial upfront equity grants to the Senior Management Team at the time of the Ladder IPO. In addition, in the event Executive resigns for any reason from Executive’s position as
an employee of the Company pursuant to Section 5(a) hereof or is terminated by the Company without Cause, in either case, on a date that is on or after the date three (3) years after the IPO Date, then any unvested Equity Incentives
of Executive including, without limitation, any of Executive’s applicable Annual Incentive Grants, shall vest effective as of Executive’s Employment Termination Date. 

(d) Benefits. Executive shall be entitled to participate in the Company’s standard employee benefits programs for which employees
of the Company are generally eligible, including, without limitation, life, disability, group medical and dental insurance benefits (collectively, the “Benefits”). The Company agrees that, solely to the extent permitted by the plans
governing any health insurance coverage that is a component of the Benefits, Executive shall be entitled to designate his spouse and children as dependents for purposes of such health insurance. Executive recognizes that the Company reserves the
right to change its standard employee benefit programs from time to time. 

  
 7 

 (e) Vacation/Holidays. Executive shall be entitled to at least 27 days of paid vacation
during each calendar year as well as holidays and sick days each in accordance with the Company’s applicable policies in effect from time to time. 

(f) Expenses. The Company shall reimburse Executive for all customary business expenses (including travel and entertainment) incurred
by him in the course of performing his duties under this Agreement, subject to the Company’s policies in effect from time to time regarding expense reimbursement, including with respect to the reporting and documentation of such expenses. 

5. Employment Period. 

(a) Employment Period and Termination. Executive’s employment with the Company commenced on September 22, 2008 and shall
continue until the date on which Executive ceases to be an employee of the Company for any reason (the “Employment Period”). The Company may terminate Executive’s employment by the Company at any time upon written notice to
Executive, subject to the expiration of any applicable cure periods set forth herein in the case of a termination for Cause (as defined in Section 5(d)(i)). Executive may resign from his employment by the Company at any time upon ninety
days prior written notice to the Company, unless such termination is for Good Reason (as defined in Section 5(d)(ii)), in which case Executive may resign upon written notice to the Company, subject to any applicable cure periods as set
forth herein. Upon the date Executive ceases to be employed by the Company for any reason, (such date, the “Employment Termination Date”) the Employment Period shall be deemed to have ended, and Executive shall be entitled to
receive (i) his Base Salary through the Employment Termination Date, subject to withholding and other appropriate deductions, and (ii) reimbursement for expenses accrued during the Employment Period in accordance with
Section 4(f). 
 (b) Severance. If the Employment Period ends as a result of either (A) Executive’s employment
by the Company being terminated by the Company without Cause (as defined in Section 5(d)(i)) or (B) Executive resigning from his employment by the Company for Good Reason (as defined in Section 5(d)(ii) below), then,
subject to Section 5(c) hereof, the Company shall, in addition to paying Executive any amounts due and payable pursuant to Section 5(a), pay or provide Executive with the following, subject to the provisions of
Section 12 hereof: 
 (i) Cash severance (the “Cash Severance”) equal to the greater of
(A) $10,000,000 or (B) two multiplied by the sum of (x) Executive’s annual Base Salary in effect on the Employment Termination Date and (y) the average of the Year End Bonuses (if any) paid to Executive for the two
calendar years preceding the Employment Termination Date, including any amounts deferred pursuant to a deferred bonus program that the Company may have in effect; provided that 

 

	 	A.	if the Employment Termination Date occurs prior to Executive having received a Year End Bonus for calendar year 2014, then the Cash Severance shall equal $17,000,000; and provided further that

  
 8 

	 	B.	if the Employment Termination Date occurs after Executive having received a Year End Bonus for calendar year 2014 and prior to Executive having received Executive’s Year End Bonus for calendar year 2015, the
reference to “the average of the Year End Bonuses (if any) paid to Executive for the two calendar years preceding the Employment Termination Date, including any amounts deferred pursuant to a deferred bonus program that the Company may have in
effect” as contemplated in subclause 3(b)(i)(B)(y) above shall be replaced with “the greater of (X) Executive’s Year End Bonus for calendar year 2014, including any amounts deferred pursuant to a deferred bonus program that the
Company may have in effect, and (Y) Executive’s target Year End Bonus for calendar year 2015”; 

 with fifty
percent (50%) of the Cash Severance payable to Executive in a lump sum as soon as reasonably practical after the date of which the General Release (as defined in Section 5(c)) is signed and delivered by Executive and has become
irrevocable (the “General Release Effective Date”) and the remaining 50% of the Cash Severance payable to Executive in twelve equal monthly installments commencing as soon as reasonably practical after the General Release Effective
Date; provided that if the Employment Termination Date occurs during the 365 day period commencing on the occurrence of a Change in Control (as defined in the LCC Omnibus Incentive Plan) or if, as of the date of the Employment Termination
Date, LCC Corporation has previously entered into a definitive binding agreement with a buyer that would result in a Change in Control and such definitive binding agreement remains in effect, then the Cash Severance shall be paid to Executive in a
lump sum as soon as reasonably practical after the General Release Effective Date, further provided that such lump sum payment does not result in a violation of Code Section 409A; and further provided that to the
extent that the payment of any Cash Severance constitutes “nonqualified deferred compensation” for purposes of Code Section 409A, any such payment scheduled to occur during the first sixty (60) days following the Employment
Termination Date shall not be paid until the first regularly scheduled pay period following the sixtieth (60th) day following the Employment Termination Date and shall include payment of any
amount that was otherwise scheduled to be paid prior thereto; and 
 (ii) if the Employment Termination Date occurs after
Executive having received a Year End Bonus for calendar year 2014, then a pro-rata portion (determined by multiplying the amount of Executive’s target Year End Bonus for the year in which the Employment Termination Date occurs by a fraction,
the numerator of which is the number of days that Executive is employed by the Company during the calendar year in which the Employment Termination Date occurs and the denominator of which is 365) of Executive’s target Year End Bonus for the
calendar year in which the Employment Termination Date occurs payable at the same time performance bonuses for such calendar year are paid to other senior executives of the Company; and 

  
 9 

 (iii) subject to (A) Executive’s timely election of continuation
coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), and (B) Executive’s continued copayment of premiums at the same level and cost to Executive as if Executive were an employee
of the Company (excluding, for purposes of calculating cost, an employee’s ability to pay premiums with pre-tax dollars), continued participation in the Company’s group health plan (to the extent permitted under applicable law and the
terms of such plan) which covers Executive (and Executive’s eligible dependents) during the Health Care Reimbursement Period (defined below), provided that Executive is eligible and remains eligible for COBRA coverage. The Company shall
until the conclusion of the Health Care Cost Reimbursement Period (as defined below) reimburse Executive for COBRA premiums, subject to the Company determining that reimbursement of such premiums would not reasonably be expected to result in the
imposition of any excise taxes on the Company for any failure to comply with the nondiscrimination requirements of the Patient Protection and Affordable Care Act of 2010, as amended, in each case, subject to withholding and other appropriate
deductions. As used herein, “Health Care Cost Reimbursement Period” shall mean the period commencing on the date Executive ceases to be employed by the Company and ending on the earliest to occur of (x) the date two years
after the Employment Termination Date, (y) the date on which the Company can no longer provide Executive with COBRA benefits under applicable law and (z) the date on which Executive becomes eligible for health care coverage under the plan
of a subsequent employer. 
 (c) Payments. Except as expressly provided in Section 5(a) and 5(b) upon the
Employment Termination Date (i) all of Executive’s rights to Base Salary and Benefits (except as mandated by applicable law) hereunder (if any) shall cease and (ii) no other severance, compensation, or retirement benefits shall be
payable by the Ladder Companies to Executive. Notwithstanding anything to the contrary contained herein but except as required by applicable law, Executive shall not be entitled to receive any payments, benefits, or other compensation under
Section 5(b) unless and until Executive has executed and delivered to the Company and not revoked the general release in the form of Exhibit B attached hereto (the “General Release”) and such General Release
has become effective within sixty (60) days following the Employment Termination Date. 
 (d) Definitions. 

(i) For purposes of this Agreement, “Cause” shall mean: (A) Executive’s willful and material
violation of the Company’s written policies and/or procedures where such policies and/or procedures (1) are reasonable, legal, and ethical, (2) have been made available to Executive in writing, and (3) were previously approved or
ratified by Executive in writing, and in any such case, following (x) delivery by the Board to Executive of a written notice which specifically identifies the manner in which the Board believes that Executive has willfully and materially
violated such written policies and/or procedures and (y) if such violation is capable of cure, the failure of Executive to cure such violation within the thirty-day period following the delivery of such
notice; (B) Executive’s engagement in willful misconduct materially injurious to the financial condition of the Company; (C) Executive’s material breach of any provision of this Agreement and Executive’s failure to cure such
breach (if such breach is capable of cure) 

  
 10 

 
within thirty days following delivery by the Board to Executive of a written notice which specifically identifies the provision in this Agreement which the Board believes Executive has materially
breached and the specific conduct constituting such material breach; (D) Executive’s engagement in theft, embezzlement, fraud, or material misappropriation of any of the Company’s property; (E) Executive’s conviction by a
court of competent jurisdiction of (or Executive’s plea of guilty or nolo contendere to) a felony involving dishonesty or moral turpitude (excluding any motoring offense for which a non-custodial
sentence is received and excluding any conviction for “driving under the influence” or “driving while intoxicated”); or (F) Executive’s willful and material failure to attempt in good faith to comply with reasonable and
material directions of the Board that (1) have been duly approved by the Board, (2) have been communicated in writing to Executive, (3) are consistent with the duties and role of a chief executive officer of a company of the nature
and size of the Company and otherwise consistent with this Agreement, and (4) do not require actions that are illegal or unethical, and in any such case, following (x) delivery by the Board to Executive of a written notice which
specifically identifies the manner in which the Board believes that Executive has willfully and materially failed to comply with such directions and (y) if such failure is capable of cure, the failure of Executive to cure such violation within
the thirty-day period following the delivery of such notice; provided, however, that Cause shall not exist unless such failure by Executive to comply with such directions of the Board is reasonably
likely to cause a significant financial loss to the Company. 
 (ii) For purposes of this Agreement, “Good
Reason” shall mean: (A) without Executive’s express written consent, (1) the Board’s assignment to Executive of any duties materially inconsistent with his positions, duties, responsibilities, or status with the Company
or with the duties or responsibilities of a chief executive officer of a company of the nature and size of the Company, (2) any material diminution in Executive’s positions, duties, responsibilities, or status with the Company, including
if there is another executive that reports directly to the Board, (3) a change in Executive’s reporting responsibilities, title, or office with the Company, including but not limited to his position as a member of the Board of Directors of
the Company or LCC Corporation, (4) any amendment to any written incentive equity plan, written equity grant plan or written bonus plan adopted by either the Company or LCC Corporation for the benefit of the Company’s employees, including
but not limited to the LCC Omnibus Incentive Plan, (5) any failure by LCC Corporation to permit Executive to nominate at least two of the individuals that will serve on the initial nominating committee of the Board of Directors of LCC
Corporation, or (6) any removal of Executive from his position as the Company’s Chief Executive Officer, except where such removal is in connection with the termination of Executive’s employment by the Company for Cause, as a result
of Executive’s death or disability, or as a result of Executive’s resignation other than for Good Reason, and, in any such case, the Board’s failure to cure such assignment, diminution, change, removal, or failure (if such assignment,
diminution, change, removal, or failure is capable of cure) within thirty days following delivery by Executive to the Board of a written notice which specifically identifies such assignment, diminution, change, removal, or failure; (B) without
Executive’s prior written consent, the relocation of Executive’s office to a location outside of New York, New York other than for travel in the course of Executive’s duties; (C) without Executive’s prior written consent,
any reduction of 

  
 11 

 
Executive’s Base Salary or any material reduction in the Benefits taken as a whole or any material breach by the Company of this Agreement, and, in any such case, the Board’s failure to
cure such reduction or breach (if such reduction or breach is capable of cure) within thirty days following delivery by Executive to the Board of a written notice which specifically identifies such reduction or breach; (D) any removal of
Executive by the Board of LCC Corporation or the shareholders of LCC Corporation from his position as a member of the Board of LCC Corporation, or any failure of the shareholders of LCC Corporation to re-elect Executive to his position as a member
of the Board of LCC Corporation for which Executive is eligible for re-election; and (E) a material breach of this Agreement by the Company that is not cured within thirty (30) days after Executive provides written notice to the Board of
such material breach. 
 6. Confidential Information. Executive acknowledges that the
non-public information and data obtained by him while employed by any Ladder Company concerning the business or affairs of the Ladder Companies and their affiliates (“Confidential
Information”) are the property of the Ladder Companies. Therefore, except as may be otherwise required by law or legal process, Executive agrees that, during the Employment Period and at all times thereafter, Executive shall not disclose to
any unauthorized person or use for Executive’s own purposes any Confidential Information without the prior written consent of the Board other than in a good faith effort during the Employment Period to promote the interests of the Ladder
Companies. Executive shall deliver to the Company at the termination of the Employment Period, or at any other time the Company may request, all memoranda, notes, plans, records, reports, computer files and related
back-ups, printouts, software, and other documents and data (and copies thereof) relating to the Confidential Information, Work Product (as defined in Section 7), or the business of any Ladder
Company which Executive may then possess or have under his control. Notwithstanding anything to the contrary in this Section 6, (i) Confidential Information shall not include: (A) information to the extent that it is or becomes
generally available to the public (other than as a result of a disclosure by Executive) and (B) information to the extent that it is disclosed to Executive by a party or person that is not under any obligation to keep such information
confidential; and (ii) if Executive is required to disclose or discuss Confidential Information by order of a court of competent jurisdiction, Executive may disclose such Confidential Information (provided that in such case, Executive
shall promptly inform the Company of such order and shall only disclose Confidential Information to the extent necessary to comply with any such court order). Notwithstanding anything to the contrary in this Agreement, from and after the termination
of the Restrictive Period, Executive shall have the right to use and distribute throughout the world the investment track record for the Ladder Companies in connection with activities relating to the marketing, fund raising and operation of any post-Company employment activities in which Executive engages, and no Ladder Company or representative of any Ladder Company shall prevent or interfere with Executive’s use and discussion of the information
supporting the track record (including, without limitation, periodic performance data and investor reports), so long as such use and discussion is in accordance with this Section 6 and not inconsistent with the performance data furnished
to Executive pursuant to this Section 6; provided that (i) any offering memorandum or other document containing such track record shall conspicuously state that neither the Company nor its affiliates have approved or
disapproved of any of the information set forth therein and that neither the Company nor its affiliates shall have any liability or obligation arising out of, or related to, such information, (ii) neither the Company nor its affiliates shall be
required to make (or deemed to have made) any 

  
 12 

 
representation or warranty with respect to the accuracy or completeness of such track record and (iii) neither the Company nor its affiliates shall have any liability or obligation arising
out of, or related to, the usage of such track record by any such Person. In addition, upon Executive’s written request, the Ladder Companies will (a) promptly furnish to Executive the consolidated audited financial statements of the
Ladder Companies for each fiscal year in which Executive was employed by any Ladder Company (or, if such audited financial statements were not prepared for any such fiscal year, then unaudited financial statements for such fiscal year), (b) to
the extent available, promptly furnish to Executive the unaudited monthly and quarterly income statements underlying the annual performance track record for such fiscal years and (c) use their commercially reasonable efforts (including using
estimates where necessary) to promptly furnish to Executive a breakdown of the Company positions and quarterly and annual returns on equity calculations in the aggregate and by product type for any fiscal year Executive was employed by any Ladder
Company. 
 7. Inventions and Patents. Executive acknowledges that all inventions, innovations, improvements, enhancements,
modifications, developments, methods, designs, analyses, drawings, reports, and all similar or related information (whether or not patentable) which relate to any Ladder Company’s actual or anticipated business, research, and development or
existing or future products or services and which are conceived, developed, or made by Executive while employed by any Ladder Company (collectively, “Work Product”) belong to the applicable Ladder Company. Any copyrightable work
falling within the definition of Work Product shall be deemed a “work made for hire” as such term is defined in 17 U.S.C. Section 101, and ownership of all right, title, and interest herein shall vest in the applicable Ladder Company.
To the extent that any Work Product is not deemed to be a “work made for hire” under applicable law or all right, title, and interest in and to such Work Product has not automatically vested in the applicable Ladder Company, Executive
hereby irrevocably assigns, transfers and conveys, to the full extent permitted by applicable law, all right, title and interest in and to the Work Product on a worldwide basis to the applicable Ladder Company, without further consideration.
Executive shall perform all actions reasonably requested by the Company to establish and confirm such ownership (including, without limitation, assignments, consents, powers of attorney, and other instruments). Notwithstanding the foregoing,
(i) no Ladder Company shall have any right, title, or interest in any work product or copyrightable work developed by Executive outside of work hours and without the use of any of Ladder Company’s resources or facilities that does not
relate to the business of any Ladder Company and does not result from any work performed by Executive for any Ladder Company and (ii) Work Product shall not include business methods, contract structures, document forms and similar information
developed or made by Executive prior to his employment by any Ladder Company (collectively, to the extent used during the Employment Period by any Ladder Company, “Prior Works”), even if Executive uses such methods, structures,
forms or information in the course of his employment with any Ladder Company. Executive hereby grants the Ladder Companies a perpetual, irrevocable, non-exclusive,
royalty-free, worldwide, assignable, sublicensable license under all rights in any Prior Works for all purposes in connection with the Ladder Companies’ current and future businesses. 

8. Cooperation with Investigation. During the Employment Period and thereafter, Executive shall cooperate with the applicable Ladder
Company in any internal investigation or administrative, regulatory, or judicial proceeding as reasonably requested by the 

  
 13 

 
Company (including, without limitation, Executive’s being available to the Company upon reasonable notice for interviews and factual investigations, appearing at the Company’s request
to give testimony without requiring service of a subpoena or other legal process, volunteering to the Company all pertinent information, and turning over to the Company all relevant documents which are or may come into Executive’s possession,
all at times and on schedules that are reasonably consistent with Executive’s other permitted activities and commitments if Executive is then employed by the Company) (any such cooperation requested by the Company, collectively,
“Investigation Assistance”); provided that Executive’s receipt of any severance payments otherwise payable to Executive pursuant to the terms of this Agreement is not contingent on Executive providing such Investigation
Assistance. Such Investigation Assistance will be (i) without additional compensation (if Executive is then employed by the Company) or (ii) for a rate of $500 per hour along with reimbursement for all out-of-pocket costs and expenses incurred in connection therewith (if Executive is not then employed by the Company), provided that after the expiration or termination of the Employment Period,
Executive shall not be required to spend more than three (3) business days each calendar year (the “Cooperation Period”) providing Investigation Assistance. For the avoidance of doubt, the foregoing provisions of this
Section 8 shall not apply to testimony or other cooperation that Executive is compelled to provide by third party subpoena, court order, or the request of any governmental authority. If, after the expiration or termination of the
Employment Period, Executive is issued a subpoena at the request of any Ladder Company in connection with any legal proceeding to which Executive is not a party or any administrative or regulatory proceeding or investigation of which
Executive’s conduct is not a subject, then, after the expiration of the Cooperation Period for such calendar year, Executive shall be compensated at a rate equal to (i) if Executive is employed as of such date, his pro rated hourly
compensation, including salary and bonus as then in effect, for each hour that Executive is compelled to testify or otherwise cooperate pursuant to such subpoena or (ii) if Executive is not employed as of the date on which he provides such
testimony, $10,000 per day. 
 9. Indemnification. The Company agrees to defend, indemnify and hold Executive and Executive’s
heirs and representatives harmless, to the maximum extent permitted by law, against any and all damages, costs, liabilities, losses, and out-of-pocket expenses
(including actual attorneys’ fees) as a result of any claim or proceeding (whether civil, criminal, administrative, or investigative), or any threatened claim or proceeding (whether civil, criminal, administrative, or investigative), against
Executive that arises out of or relates to Executive’s lawful service as an officer, director, or employee, as the case may be, of the Company, or Executive’s service in any such capacity or similar capacity with any Ladder Company or
other entity at the request of the Company, and to promptly advance to Executive or Executive’s heirs or representatives such expenses upon written request with appropriate documentation of such expense and receipt of an undertaking by
Executive or on Executive’s behalf to repay such amount if it shall ultimately be determined in a final, non-appealable judgment from a court of competent jurisdiction that Executive is not entitled to be
indemnified by the Company. If Executive has any knowledge of any actual or threatened action, suit, or proceeding, whether civil, criminal, administrative, or investigative, as to which Executive may request indemnity under this provision,
Executive shall give the Company prompt written notice thereof; provided that the failure to give such notice shall not affect Executive’s right to indemnification. The Company shall be entitled to assume the defense of any such
proceeding, and Executive shall use reasonable efforts to cooperate with such defense. To the extent that Executive in good faith 

  
 14 

 
determines that there is an actual or potential conflict of interest between the Company and Executive in connection with the defense of a proceeding, Executive shall so notify the Company and
shall be entitled to separate representation at the Company’s expense by counsel selected by Executive (provided that the Company may reasonably object to the selection of counsel within ten business days after notification thereof),
which counsel shall cooperate, and coordinate the defense, with the Company’s counsel and minimize the expense of such separate representation to the extent consistent with Executive’s separate defense. The Company shall not be liable for
any settlement of any proceeding effected without its prior written consent but shall not unreasonably withhold such consent. 
 10. Non-Solicitation and Non-Competition. 
 (a) In further
consideration of the compensation to be paid to Executive hereunder, Executive acknowledges that in the course of his employment with the Company he has and will continue to become familiar with the Ladder Companies’ trade secrets and with
other Confidential Information concerning the Ladder Companies and that his services shall be of special, unique, and extraordinary value to the Ladder Companies. Therefore, Executive agrees that during the Restrictive Period (as defined below),
Executive shall not for any reason whatsoever, directly or indirectly, for himself or on behalf of or in conjunction with any other person, persons, company, partnership, corporation, business, or other entity of whatever nature (i) engage in
any respect, whether as an officer, director, employee, independent contractor, advisor, sales representative, consultant, shareholder, owner, partner, manager, or in any other capacity, in the business of any Ladder Company as of the date Executive
is no longer employed by the Company (the “Non-Competition Obligation”) or (ii) solicit, hire, retain as an employee or independent contractor, or interfere with any Ladder Company’s relationship with any employee,
investor, or customer of any Ladder Company (or any person who was an employee, investor, or customer of any Ladder Company within the past twelve months) (the “Non-Solicitation Obligation”). Notwithstanding the foregoing, the
ownership by Executive of less than 5% of any class of publicly traded equity securities of any corporation, will not be deemed to be a breach of this Section 10(a). For purposes of this Agreement, “Restrictive Period”
shall mean the following: 
  

	 	A.	with respect to the Non-Competition Obligation, the Restrictive Period shall be the Employment Period and the period commencing on the Employment Termination Date and ending 365 days thereafter; and 

 

	 	B.	with respect to the Non-Solicitation Obligation, the Restrictive Period shall be the Employment Period and the period commencing on the Employment Termination Date and ending 730 days thereafter. 

(b) If, at the time of enforcement of this Section 10, a court shall hold that the duration or scope restrictions stated herein
are unreasonable under circumstances then existing, the parties agree that the maximum duration or scope reasonable under such circumstances shall be substituted for the stated duration or scope and that the court shall be allowed to revise the
restrictions contained herein to cover the maximum period and scope permitted by law. 

  
 15 

 (c) Each of Executive and the Company acknowledges and agrees that the Company will suffer
irreparable harm from a breach by Executive of any of the covenants or agreements contained in Section 6 or this Section 10. Executive further acknowledges that the restrictive covenants set forth in this Section are of a
special, unique, and extraordinary character, the loss of which cannot be adequately compensated by monetary damages. Executive agrees that the terms and provisions of this Section 10 are fair and reasonable and are reasonably required
for the protection of the Company in whose favor such restrictions operate. Executive acknowledges that, but for Executive’s agreements to be bound by the restrictive covenants set forth in Section 6 and this Section 10,
the Company would not have entered into this Agreement. In the event of an alleged or threatened breach by Executive of any of the provisions of Section 6 or this Section 10, the Company or its successors or assigns may, in
addition to all other rights and remedies existing in its or their favor, apply to any court of competent jurisdiction for specific performance and/or injunctive or other equitable relief in order to enforce or prevent any violations of the
provisions hereof (including, without limitation, the extension of the Restrictive Period by a period equal to the duration of the violation of this Section 10). 

(d) The refusal or failure of the Company to enforce any of the restrictive covenants set forth in Section 6 or this
Section 10 against Executive, for any reason, shall not constitute an act of precedent or a defense to the enforcement by the Company of the restrictive covenants set forth herein, nor shall it give rise to any claim or cause of action
by Executive against the Company. If any action should have to be brought by the Company against Executive to enforce the restrictive covenants set forth in Section 6 or this Section 10, the Company is entitled to seek
preliminary and permanent injunctive relief restraining Executive from violating any of such restrictive covenants and shall be entitled to seek all other legal and equitable remedies provided under New York law. Executive expressly acknowledges
that the restrictive covenants set forth in Section 6 or this Section 10 apply to any successor or assign of the Company as a direct third-party beneficiary and that such restrictive
covenants are expressly intended for the benefit of such successor or assign. 
 11. Miscellaneous. 

(a) Notices. All notices, demands, or other communications to be given or delivered under or by reason of the provisions of this
Agreement will be in writing and will be deemed to have been given when delivered personally, two business days after being mailed by certified or registered mail, return receipt requested and postage prepaid, or one business day after being sent
via a nationally recognized overnight courier. Such notices, demands, and other communications will be sent to the addresses indicated below: 
 To the
Company: 
 Ladder Capital Finance LLC 

345 Park Avenue, 8th Floor 
 New
York, NY 10154 
 Attention:   Board of Directors 

  
 16 

 with a copy (which shall not constitute notice to the Company) to: 

Pamela McCormack 
 General
Counsel & Co-Head of Securitization 
 Ladder Capital Finance LLC 

345 Park Avenue, 8th Floor 

New York, NY 10154 
 and 

Kirkland & Ellis LLP 

601 Lexington Avenue 
 New York,
NY 10022 
 Attention:   Brian Raftery, Esq. 

To Executive: 
 Brian Harris 

56 Wayside Place 
 Montclair, New
Jersey 07042 
 with a copy (which shall not constitute notice to Executive) to: 

Goodwin Procter LLP 
 The New York
Times Building 
 620 Eighth Avenue 

New York, NY 10018 
 Attention:
        Albert J. Solecki, Jr. 
 or such other addresses or to the attention of such other persons as the recipient
party shall have specified by prior written notice to the sending party. 
 (b) Remedies. In addition and supplementary to other
rights and remedies existing in its or his favor, the Company or Executive may apply to any court of law or equity of competent jurisdiction for specific performance and/or injunctive or other relief in order to enforce or prevent any violations of
the provisions hereof. 
 (c) Choice of Law. All issues and questions concerning the construction, validity, enforcement, and
interpretation of this Agreement shall be governed by, and construed in accordance with, the laws of the State of New York, without giving effect to any choice of law or conflict of law rules or provisions that could cause the applications of the
laws of any jurisdiction other than the State of New York. 
 (d) Representation by Executive. Executive represents and warrants to
the Company that he is not a party to any agreement containing a noncompetition provision or other restriction with respect to (i) the nature of any services or business which he is entitled to perform or conduct for the Company (or any other
Ladder Company) under this Agreement, or (ii) the disclosure or use of any information which directly or indirectly relates to the nature of the business of any Ladder Company or the services to be rendered by Executive under this Agreement.

  
 17 

 (e) Complete Agreement. This Agreement shall embody the complete agreement and
understanding among the parties and supersede and preempt any prior understandings, agreements, or representations by or among the parties, written or oral, which may have related to the subject matter hereof in any way. Subject to
Section 14 of this Agreement, this Agreement amends and restates the Prior Agreement in its entirety. 
 (f) Successor and
Assigns. This Agreement is intended to bind and inure to the benefit of and be enforceable by Executive and the Company and their respective successors, heirs and assigns. 

(g) Amendment. Other than otherwise expressly provided herein, this Agreement may be amended, and any provision hereof may be waived,
at any time by written agreement between the Company (with the approval of the Board) and Executive. 
 (h) Counterparts; Facsimile
Signature. This Agreement may be executed in one or more counterparts, all of which together shall constitute but one agreement. Any party may execute this Agreement by facsimile or scanned page signature and the other parties shall be entitled
to rely upon such facsimile or scanned page signature as conclusive evidence that this Agreement has been duly executed by such party. 

(i) No Waiver. No failure or delay on the part of the Company or Executive in enforcing or exercising any right or remedy hereunder
shall operate as a waiver thereof. 
 (j) Severability. If any provision or clause of this Agreement, or portion thereof shall be
held by any court or other tribunal of competent jurisdiction to be illegal, invalid, or unenforceable in such jurisdiction, the remainder of such provision shall not be thereby affected and shall be given full effect, without regard to the invalid
portion. 
 (k) No Strict Construction; Descriptive Headings. The language used in this Agreement shall be deemed to be the language
chosen by the parties hereto to express their mutual intent, and no rule of strict construction shall be applied against any party. The descriptive headings of this Agreement are inserted for convenience only and do not constitute a part of this
Agreement. 
 (l) Withholding. The Company shall be entitled to deduct and withhold from any amounts owing from the Company or any of
its subsidiaries to Executive under this Agreement, any United States federal, state, or local or non-United States withholding taxes, excise taxes, or employment taxes imposed with respect to Executive’s
compensation or other payments from the Company or any of its subsidiaries under this Agreement. 
 12. Code Sections 409A and 457A.

 (a) The intent of the parties is that payments and benefits under this Agreement comply with Section 409A of the Internal Revenue
Code of 1986, as amended (the “Code”) and the regulations and guidance promulgated thereunder or an exemption thereunder 

  
 18 

 
and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. The parties further intend that all payments and benefits under this
Agreement be exempt from Section 457A of the Code. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on Executive by Sections 409A or 457A of the Code or damages for failing to
comply with Sections 409A or 457A of the Code. 
 (b) A termination of employment shall not be deemed to have occurred for purposes of any
provision of this Agreement providing for the payment of any amounts or benefits upon or following a termination of employment unless such termination is also a “separation from service” within the meaning of Code Section 409A and,
for purposes of any such provision of this Agreement, references to a “termination,” “termination of employment” or like terms shall mean “separation from service.” Notwithstanding any other payment schedule provided
herein to the contrary, if Executive is deemed on the date of termination to be a “specified employee” within the meaning of that term under Code Section 409A(a)(2)(B), then, with regard to any payment that is considered deferred
compensation under Code Section 409A payable on account of a “separation from service” such payment shall be made on the date which is the earlier of (A) the expiration of the six (6)-month
period measured from the date of such “separation from service” of Executive, and (B) the date of Executive’s death (the “Delay Period”) to the extent required under Code Section 409A. Upon the expiration of
the Delay Period, all payments delayed pursuant to this Section (whether they would have otherwise been payable in a single sum or in installments in the absence of such delay) shall be paid to Executive in a lump sum, and all remaining payments due
under this Agreement shall be paid or provided in accordance with the normal payment dates specified for them herein. 
 (c) To the extent
reimbursements or other in-kind benefits under this Agreement constitute “non-qualified deferred compensation” for purposes of Code Section 409A, all such
expenses or other reimbursements under this Agreement shall be made on or prior to the last day of the taxable year following the taxable year in which such expenses were incurred by Executive, (ii) any right to such reimbursement or in kind
benefits is not subject to liquidation or exchange for another benefit, and (iii) no such reimbursement, expenses eligible for reimbursement, or in-kind benefits provided in any taxable year shall in any
way affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year. 

(d) For purposes of Code Section 409A, Executive’s right to receive any installment payment pursuant to this Agreement shall be
treated as a right to receive a series of separate and distinct payments. Whenever a payment under this Agreement specifies a payment period with reference to a number of days (e.g., “payment shall be made within thirty (30) days
following the date of termination”), the actual date of payment within the specified period shall be within the sole discretion of the Company. Notwithstanding any other provision of this Agreement to the contrary, in no event shall any payment
under this Agreement that constitutes “deferred compensation” for purposes of Code Section 409A be subject to offset, counterclaim or recoupment by any other amount payable to Executive unless otherwise permitted by Code
Section 409A. To the extent that any payment of base salary or other compensation is to be paid for a specified continuing period of time beyond the date of Executive’s termination of employment in accordance with the Company’s
payroll practices (or other similar term), the payments of such base salary or other compensation shall be made upon such schedule as in effect upon the date of termination, but no less frequently than monthly. 

  
 19 

 13. Effect of Termination of the Employment Period. Other than
Section 2(c)(vi), Sections 5 through 12 and this Section 13 and Section 14, which shall survive indefinitely, upon termination of the Employment Period, this Agreement shall no longer have any force
or effect. 
 14. Effectiveness of this Agreement. Notwithstanding anything contained in this Agreement to the contrary: 

(a) this Section 14 is effective as of the date of this Agreement (notwithstanding that, as of the date of this Agreement the IPO
Date has not occurred) and may not be revoked or rescinded by either party hereto without the prior written consent of the other party hereto; 

(b) the amendment and restatement of the Prior Agreement pursuant to this Agreement will become effective only on the IPO Date, and such
effectiveness on the IPO Date will occur only if (i) the IPO Date occurs prior to April 30, 2014 (the “Expiration Date”) and (ii) Executive continues to be an employee of the Company as of the IPO Date; 

(c) if, as of any date prior to first to occur of the Expiration Date and the IPO Date, Executive ceases to be an employee of the Company for
any reason, then, effective as of the date of such cessation of employment, this Agreement will be null and void (with neither the Company nor Executive having any rights or obligations with respect to this Agreement) and the Prior Agreement will
remain in full force and effect; and 
 (d) if, as of the Expiration Date, the IPO Date has not previously occurred and Executive continues
to be an employee of the Company, then, effective as of the Expiration Date, this Agreement will be null and void (with neither the Company nor Executive having any rights or obligations with respect to this Agreement) and the Prior Agreement will
remain in full force and effect. 
 [The remainder of this page intentionally left blank] 

  
 20 

 IN WITNESS WHEREOF, the parties hereto have executed this Second Amended and Restated Employment
Agreement as of the date first written above. 
  

			
	LADDER CAPITAL FINANCE LLC
		
	By:	 	 /s/ Pamela McCormack

	Name:	 	Pamela McCormack
	Title:	 	General Counsel
	
	 /s/ Brian Harris

	Brian Harris

 Solely for purposes of Section 2(c)(vi) hereof: 

 

			
	BETSY A. HARRIS 2012 FAMILY TRUST
		
	By:	 	 /s/ Brian Harris

	Name:	 	Brian Harris
	Title:	 	Trustee

 [Signature Page to Employment Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00225-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00225-of-00352.parquet"}]]