Document:

exv10w39

Exhibit 10.39

CONSULTING SERVICES AGREEMENT

     This Agreement (this “Agreement”)
is made as of February 20, 2012, by and between Anthony H.
Barone (“Consultant”) and Nationstar Mortgage LLC (“Company”).

     WHEREAS, Company desires that Consultant provide Company with consulting services and advice
with respect to the business, operations and finances of Company, FIF HE Holdings LLC
(“FIF”) and their respective subsidiaries, including, without limitation, at the request of
Company, serving as a member of the board of directors or board of managers of Company, FIF and/or
any of their respective subsidiaries (the “Services”); and

     WHEREAS, Consultant, in consideration of the payment by Company of the Consultant Fee as
specified herein and for other consideration discussed herein, is willing to provide such Services.

     NOW THEREFORE, Consultant and Company agree that the following terms and conditions will
govern the provision by Consultant to Company of the Services described in this Agreement.

1. SERVICES TO BE PROVIDED

     1.1 Consultant agrees to provide Company with Services during the Term (as defined in Section
4.1) as may reasonably be requested from time to time by Company in connection with its business
activities.

     1.2 As and when requested, Consultant will agree to serve and will serve on the board of
directors or board of managers of Company, FIF and/or any of their respective subsidiaries, and any
their respective committees, and, if so requested by any such entity, Consultant will serve as
chairman of the board of directors or board of managers of such entity. With respect to the
foregoing, Consultant shall have such duties and responsibilities that are customary for a member
of or chairman of any such board of directors, board of managers or committee, including but not
limited to attendance at board and committee meetings and participation on related telephone
conference calls. Promptly upon the request of Company, Consultant shall take all necessary
actions to resign from any and all such director positions.

     1.3 Upon termination of this Agreement for any reason, unless requested otherwise by Company,
Consultant shall resign each position (if any) that Consultant then holds as a member of the board
of directors or board of managers of FIF, Company or any of their respective affiliates.
Consultant’s execution of this Agreement shall be deemed to be a grant by Consultant to the
officers of Company and its affiliates of a limited power of attorney to sign in Consultant’s name
and on Consultant’s behalf any such documentation as may be required to be executed solely for the
limited purposes of effectuating any of the resignations contemplated by Section 1.2 or Section
1.3.

2. FEES, BENEFITS AND EXPENSE REIMBURSEMENT

     2.1 Company agrees to pay Consultant an annual fee of $500,000 (the “Consultant Fee”).
The Consultant Fee will be payable twice per month upon submission of an invoice for services
rendered in performance of this Agreement.

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     2.2 In addition to the Consultant Fee, for each calendar year ending during the Term, Company
may, in its sole and absolute discretion, pay an annual bonus to Consultant. Any annual bonus
granted hereunder shall be paid to Consultant on or before March 15 of the calendar year following
the year in respect to which such annual bonus is granted, provided that Consultant is providing
Services hereunder on the applicable payment date and has not given any notice of termination to
Company or received any notice of termination from Company as of such date.

     2.3 During the Term, Consultant shall be eligible to participate in the Company’s medical,
dental and vision plans subject to and in accordance with the applicable limitations and
requirements imposed by the terms of the documents governing such benefits, as from time to time in
effect. Nothing, however, shall require Company to maintain any benefit, plan or arrangement or
provide any type or level of benefits to Company’s employees.

     2.4 Consultant acknowledges and agrees that he shall not be entitled to receive any additional
fees, payments or other consideration, including equity or other securities, from Company, FIF or
any of their affiliates in the event that Consultant serves on the board of directors or board of
managers of any of the foregoing during the Term, except to the extent that any such entity
otherwise expressly agrees.

     2.5 Company shall reimburse Consultant for all reasonable out-of-pocket expenses incurred by
Consultant which are directly related to the provision of the Services; provided, however,
that all such expenses shall be pre-approved by Company and shall be evidenced by written receipts
and submitted in writing.

     2.6 If Consultant is asked to be a member of the board of directors or board of managers of
any company which has publicly-traded equity securities, then Consultant will be provided the
opportunity to enter into an indemnification agreement in form and substance the same as
indemnification agreements offered to other members of the board of directors or board of managers
of such company. To the extent that Consultant is asked to be a member of the board of directors
or board of managers of a company which does not have any publicly-traded equity securities, then
Company shall ensure that any such company will indemnify Consultant to the fullest extent
permitted by such company’s organizational documents in effect from time to time.

3. CONFIDENTIALITY

     All books of account, records, systems, correspondence, documents, and any and all other data,
in whatever form, concerning or containing any reference to the works and business of Company or
any of its affiliates shall belong to Company and shall be given up to Company whenever Company
requires Consultant to do so. Consultant agrees that Consultant shall not at any time during the
Term or thereafter, without Company’s prior written consent, disclose to any person (individual or
entity) any information or any trade secrets, plans or other information or data, in whatever form
(including, without limitation, (i) any financing strategies and practices, pricing information and
methods, training and operational procedures, advertising, marketing, and sales information or
methodologies or financial information and (ii) any Proprietary Information (as defined below)),
concerning Company’s or any of its affiliates’ or customers’ practices, businesses, procedures,
systems, plans or policies (collectively, “Confidential Information”), nor shall
Consultant utilize any

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such Confidential Information in any way or communicate with or contact
any such customer other than in connection with Consultant’s engagement hereunder. Consultant
hereby confirms that all Confidential Information constitutes Company’s exclusive property, and
that all of the restrictions on Consultant’s activities contained in this Agreement and such other
nondisclosure policies of Company are required for Company’s reasonable protection. Confidential
Information shall not include any information that has otherwise been disclosed to the public not
in violation of this Agreement. These confidentiality provisions shall survive the termination of
this Agreement and shall not be limited by any other confidentiality agreements entered into with
Company or any of its affiliates.

     Consultant agrees that he shall promptly disclose to the Company in writing all information
and inventions generated, conceived or first reduced to practice by him alone or in conjunction
with others, during or after working hours, in connection with the provision of Services hereunder
(all of which is collectively referred to in this Agreement as “Proprietary Information”);
provided, however, that such Proprietary Information shall not include (i) any
information that has otherwise been disclosed to the public not in violation of this Agreement and
(ii) general business knowledge and work skills of Consultant, even if developed or improved by
Consultant while providing Services hereunder. All such Proprietary Information shall be the
exclusive property of Company and is hereby assigned by Consultant to Company. Consultant’s
obligation relative to the disclosure to the Company of such Proprietary Information anticipated in
this Section 3 shall continue beyond the end of the Term and Consultant shall, at Company’s
expense, give Company all assistance it reasonably requires to perfect, protect and use its right
to the Proprietary Information. In addition, Consultant agrees that he will not disclose to or use
on behalf of Company any proprietary information of a third party without that party’s consent.

4. TERM; TERMINATION

     4.1 This Agreement shall commence on the date first written above and shall terminate upon the
earliest to occur of (a) the 30th day after delivery of written notice of termination from one
party to the other party (except as otherwise provided in clause (b)), (b) delivery from Company to
Consultant of written notice of termination for Cause (as defined in Section 4.4), (c) the failure
of Consultant to execute the release contemplated by the letter
agreement, dated as of February 20, 2012,
by and among Consultant, FIF and Company (the “Letter Agreement”), within the time frame
contemplated in the Letter Agreement, or (d) the revocation of the release contemplated by the
Letter Agreement prior to the expiration of the revocation period provided for in such release
(such period, the “Term”).

     4.2 If notice of termination is given, the Company shall be required to pay the Consultant Fee
in respect of (i) previously completed months for which Consultant has not yet been paid and (ii)
if this Agreement is terminated pursuant to clause (a) of Section 4.1, the month of termination,
and the amount due shall equal the Consultant Fee times a fraction, the numerator of which is the
number of days in the month of termination that shall have elapsed through the termination date and
the denominator of which is the number of days in the month of termination.

     4.3 The provisions set forth in Sections 3, 6, 7 and this Section 4 shall survive any
expiration or termination of this Agreement; provided that the termination of this Agreement shall
not relieve a party from liability for any breach of violation of this Agreement by such party
prior to such termination.

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     4.4 For purposes of this Agreement, “Cause” shall mean (a) conviction of, guilty plea
concerning or confession of any felony, (b) any act of misappropriation or fraud committed by you
in connection with Company’s, FIF’s or any of their respective subsidiaries’ business, (iii) any
material breach by you of this Agreement, the Letter Agreement or any other agreement between you
and FIF, Company and/or any of their respective subsidiaries, after written notice thereof from
FIF, Company or any of their respective subsidiaries is given in writing and such breach is not
cured to the satisfaction of FIF, Company and/or the applicable subsidiary or subsidiaries within a
reasonable period of time (not greater than 30 days) under the circumstances, (iv) any material
breach of any reasonable and lawful rule or directive of Company, FIF and/or any of their
respective subsidiaries, (v) the gross or willful neglect of duties or gross misconduct by you, or
(vi) the habitual use of drugs or habitual, excessive use of alcohol to the extent that any of such
uses in Company’s good faith determination materially interferes with the performance of your
duties under this Agreement or the Letter Agreement.

5. COVENANTS

     By virtue of the provision of Services hereunder, Consultant acknowledges that, during the
Term, he shall have access to Confidential Information, and will receive specialized knowledge of
the mortgage lending business and the mortgage servicing business.

     5.1 Consultant agrees that, from the date hereof through the last day of the Term (or through
December 31, 2012, in the event that this Agreement terminates pursuant to clause (b), (c) or (d)
of Section 4.1 prior to December 31, 2012), Consultant shall not, anywhere in the United States,
directly or indirectly, either as a principal, agent, employee, employer, consultant, partner,
shareholder of a closely held corporation or shareholder in excess of five (5%) percent of a
publicly traded corporation, corporate officer or director, or in any other individual or
representative capacity, engage or otherwise participate in any manner or fashion in any business
that is in competition in any manner whatsoever with (a) the mortgage lending business of FIF,
Company or any of their respective subsidiaries (including, but not limited to, the business of
originating, servicing or owning residential mortgages and related assets), provided that nothing
herein shall prohibit Consultant from personal investment in residential mortgages and related
assets or (b) any other business (i) in which Company, FIF or any of their respective subsidiaries
is engaged or which is part of Company’s Developing Business (as defined below) and (ii) in which
Consultant learns Confidential Information or meets and develops relationships with potential and
existing suppliers, financing sources, clients, customers and employees or in which Consultant
receives specialized training or knowledge. For purposes of the foregoing, “Developing
Business” shall mean the new business concepts and services FIF, Company or any of their
respective subsidiaries have developed and is in the process of developing during the Term.
Consultant further covenants and agrees that this restrictive covenant is reasonable as to
duration, terms and geographical area and that the same protects the legitimate interests of
Company and its affiliates, imposes no undue hardship on Consultant, is not injurious to the
public, and that any violation of this restrictive covenant shall be specifically enforceable in
any court with jurisdiction upon short notice.

     5.2 Consultant agrees that, from the date hereof through the last day of the Term (or through
December 31, 2012, in the event that this Agreement terminates pursuant to clause (b), (c) or (d)
of Section 4.1 prior to December 31, 2012), Consultant shall not, directly or indirectly,

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(a)
encourage, persuade, or attempt to encourage or persuade any client or customer of FIF, Company or
any of their respective subsidiaries, or potential client or customer of FIF, Company or any of
their respective subsidiaries, in each case, with which or with whom Consultant was involved as
part of the provision of Services or regarding which or whom Consultant learned Confidential
Information during the provision of Services hereunder, to cease or refrain from doing business
with or to reduce its current or contemplated level of doing business with FIF, Company or any of
their respective subsidiaries; or (b) contact, solicit, or attempt to contact or solicit any client
or customer of FIF, Company or any of their respective subsidiaries, or potential client or
customer of FIF, Company or any of their respective subsidiaries, in each case, with which or with
whom Consultant was involved as part of the provision of Services hereunder or regarding which or
whom Consultant learned Confidential Information during the provision of Services hereunder, for
purposes of soliciting any business in which FIF, Company or any of their respective subsidiaries
is engaged.

     5.3 Consultant agrees that, from the date hereof through the last day of the Term (or through
December 31, 2012, in the event that this Agreement terminates pursuant to clause (b), (c) or (d)
of Section 4.1 prior to December 31, 2012), Consultant shall not, directly or indirectly, (i)
solicit or induce any officer, director, employee, agent or consultant of FIF, Company or any of
their respective successors, assigns, subsidiaries or affiliates to terminate his, her or its
employment or other relationship with FIF, Company or any of their respective successors, assigns,
subsidiaries or affiliates, or otherwise encourage any such person or entity to leave or sever his,
her or its employment or other relationship with FIF, Company or any of their respective
successors, assigns, subsidiaries or affiliates, for any other reason or (ii) hire any individual
who left the employ of Company or any of its affiliates during the immediately preceding one (1)
year period.

     Nothing contained in this Section 5 shall limit any common law or statutory obligation that
Consultant may have to Company or any of its affiliates. For purposes of this Section 5, “Company”
refers to Company and any incorporated or unincorporated affiliates of Company, including any
entity which engages Consultant as a consultant as a result of any reorganization or restructuring
of Company for any reason.

6. STATUS; TAXES

     6.1 Consultant shall not be an employee of Company or any of its affiliates and shall not be
entitled to participate in any employee benefit plans or other benefits or conditions of employment
(including, for the avoidance of doubt, any right to indemnification) available to employees of
Company or any of its affiliates except as explicitly set forth herein. Consultant shall have no
authority to act as an agent of Company or any of its affiliates, and he shall not represent the
contrary to any person. Consultant shall only consult, render advice and perform such tasks as
Consultant determines are necessary to achieve the results specified by Company. Consultant shall
not direct the work of any employee of Company or any of its affiliates, make any management
decisions, or undertake to commit Company or any of its affiliates to any course of action in
relation to third persons. Nothing herein shall be construed to deem the parties hereto as
partners or joint venturers, either as agent of the other, or create an employee/employer
relationship between Company (or any
affiliate thereof) and Consultant, or any employee or service provider of Consultant and
Consultant’s affiliates. By virtue of the relationship described herein, Consultant’s relationship
to Company shall be only that of independent contractor.

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     6.2 It is intended that the fees and other amounts paid hereunder (excluding reimbursement of
expenses) shall constitute revenues to Consultant. To the extent consistent with applicable law,
Company will not withhold any amounts therefrom as federal income tax withholding from wages or as
contributions under the Federal Insurance Contributions Act or any other state or federal laws.
Consultant shall be solely responsible for the withholdings and/or payment of any federal, state or
local income or payroll taxes and shall hold Company and its affiliates, and their respective
officers, directors, and employees, harmless from any liability arising from the failure to
withhold such amounts.

7. MISCELLANEOUS

     7.1 This Agreement sets forth the entire agreement and understanding of the parties with
respect to the subject matter hereof and supersedes all prior oral and written agreements and
understandings relating thereto, except for the Letter Agreement, which shall remain in full force
and effect. No representation, promise, inducement or statement of intention has been made by
either party which is not set forth in this Agreement, and neither shall be bound by or liable for
any alleged representation, promise, inducement or statement of intention not so set forth. No
waiver, alteration, modification, or cancellation of any of the provisions of this Agreement shall
be binding unless made in writing and signed by the parties.

     7.2 Company may assign its rights and delegate its obligations under this Agreement to any
affiliate or successor-in-interest to its business. Consultant may not assign any of his rights or
delegate any of his duties under this Agreement without the consent of Company, and any attempted
assignment in violation of this Section 7.2 shall be void and of no force and effect. Subject to
the foregoing limitations set forth in this Section 7.2, this Agreement shall be binding and inure
to the benefit of successors-in-interest and permitted assigns of Company and Consultant.

     7.3 This Agreement shall be subject to and interpreted in accordance with the laws of the
State of Texas, without regard to its principles of conflicts of laws.

     7.4 Consultant acknowledges that damages for any breach of Sections 3 or 5 of this Agreement
will be difficult to determine and inadequate to remedy the harm which may be caused, and
Consultant therefore consents that the restrictions contained in any such Section may be enforced
by temporary or permanent injunction, without the need by Company to post a bond or prove the
inadequacy of monetary damages. Such injunctive relief shall be in addition to and not in place of
any other remedies available at law or in equity. Should any court or tribunal decline to enforce
any provisions of Sections 3 or 5 on the basis that such provisions are overly restrictive of the
activities of Consultant as to time, scope, or geography, such provisions shall be deemed to be
modified to restrict Consultant’s activities to the maximum extent of time, scope, and geography
which such court or tribunal shall find enforceable, and such provisions shall be enforced.

     7.5 Any notices provided hereunder must be in writing and shall be deemed effective upon the
earlier of one (1) business day following personal delivery (including personal delivery by
facsimile), or the third business day after mailing by first class mail to the recipient at the
address indicated below:

To Company:

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Nationstar Mortgage LLC

350 Highland Drive

Lewisville, Texas 75067

Attention: Mark O’Brien

Facsimile: 972.315.6957

With a copy to:

FIF HE Holdings LLC

c/o Fortress Investment Group LLC

1345 Avenue of Americas

New York, New York 10105

Attention: Randal A. Nardone

Facsimile: 212.798.6120

To Consultant:

Anthony H. Barone

1001 Parkview Court

Southlake, Texas 76092

Facsimile: 972.966.4911

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

     IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written
above.

	 	 	 	 	 	 	 	 	 	 	 

	CONSULTANT:	 	 	 	COMPANY:	 	 
	ANTHONY H. BARONE	 	 	 	NATIONSTAR MORTGAGE LLC	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Anthony H. Barone	 	 	 	By:	 	/s/ Jay Bray	 	 
	 

	 	 

	 	 	 	 	 	 

	 	 
	 

	 	 	 	 	 	Name:	 	Jay Bray	 	 
	 

	 	 	 	 	 	 	 	 

	 	 
	 

	 	 	 	 	 	Title:	 	President, CEO and CFO	 	 
	 

	 	 	 	 	 	 	 	 

	 	 

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Exhibit 10.40

FIF HE HOLDINGS LLC

c/o Fortress Investment Group LLC

1345 Avenue of the Americas

New York, NY 10105

NATIONSTAR MORTGAGE LLC

350 Highland Drive

Lewisville, Texas 75067

February
20, 2012

Anthony H. Barone

1001 Parkview Court

Southlake, Texas 76092

Dear Mr. Barone:

          Reference is made to (i) the Employment Agreement, dated September 17, 2010, by and between
Nationstar Mortgage LLC (“Nationstar”) and Mr. Barone (the “Employment Agreement”), (ii) the Series
1 Class A Unit Award Agreement, dated September 17, 2010, by and between FIF HE Holdings LLC
(“FIF”) and Mr. Barone (the “Series 1 Award Agreement”), (iii) the Series 2 Class A Unit Award
Agreement, dated September 17, 2010, by and between FIF and Mr. Barone (the “Series 2 Award
Agreement”), and (iv) the Restricted Series 1 Preferred Stock Unit Award Agreement, dated September
17, 2010, by and between FIF and Mr. Barone (the “Preferred Award Agreement”, and collectively with
the Employment Agreement, the Series 1 Award Agreement and the Series 2 Award Agreement, the
“Agreements”).

          Pursuant to our earlier conversations, this letter agreement (this “Letter Agreement”) sets
forth our understanding with respect to matters involving your employment with Nationstar and your
rights and obligations under each of the Agreements.

	 	1.	 	Except as provided herein, your Employment Agreement has expired and shall be of no
further force and effect.
	 
	 	2.	 	You agree that, as of October 7, 2011, you will be deemed to have voluntarily
resigned from any and all managerial positions, boards and officer, director or trustee
positions, if any, with FIF and any of its affiliates or subsidiaries, except for your
director positions on the board of managers of Nationstar, the board of directors of
Nationstar Mortgage Holdings Inc. (“Holdings”), and the board of managers of each of
Nationstar Sub1 LLC and Nationstar Sub2 LLC.

 

 

	 	3.	 	You shall continue to be employed with Nationstar until January 2, 2012, subject to
the following terms and conditions:

	 	•	 	The term of your continued employment hereunder shall begin on the date hereof
and shall end on January 2, 2012, or upon any earlier termination of employment
(the “Termination Date” and such period, the “Term”);
	 
	 	•	 	You shall have such duties, responsibilities and authority as are prescribed by
Nationstar from time to time during the Term;
	 
	 	•	 	You may be appointed as chairman of the board of directors of Nationstar and,
at the discretion of Nationstar and FIF, you may be appointed as chairman of the
board of directors of Holdings, and/or FIF (the “Chairman”);
	 
	 	•	 	You shall, effective January 2, 2012, resign all director positions you have
with FIF and its subsidiaries, subject to any contrary provisions in the
Consulting Agreement (as defined in Section 5 below);
	 
	 	•	 	You shall continue to receive your current base salary for the remainder of the
Term; and
	 
	 	•	 	You shall continue your participation in Nationstar’s medical and other welfare
plans at your current levels for the remainder of the Term.

	 	4.	 	In the event you remain employed through January 2, 2012 and are continuing to
provide services under the Consulting Agreement (as defined in Section 5 below) as of the
applicable payment date, or in the event your service under the Consulting Agreement is
earlier terminated by Nationstar without Cause (as defined in Section 16 below), and
provided you execute a separation agreement containing a general release of claims in the
form substantially attached hereto as Exhibit A (the “Release”), and the
applicable revocation period expires with respect to such Release within 60 days following
the Termination Date, you shall be entitled to participate in the Nationstar Mortgage LLC
Annual Incentive Compensation Plan (the “Plan”) with respect to Nationstar’s 2011 fiscal
year. Pursuant to the terms of the Plan, you shall be entitled to receive a payment equal
to 31.7% of the “Bonus Pool” (as such term is defined in the Plan) relating to
Nationstar’s 2011 fiscal year. Such payment shall be made in accordance with the terms of
the Plan and no later than March 15, 2012; provided, however, that you
shall not be entitled to any payment under the Plan if you are not in continued compliance
with this Letter Agreement and the Covenants (as defined in Section 12 hereof) and, if
applicable, any restrictive covenants contained in the Consulting Agreement (as defined in
Section 5 hereof), as of the date of payment.

	 	5.	 	In the event you remain employed through January 2, 2012, the parties shall enter
into an agreement (the “Consulting Agreement”) as soon as practicable after such date,
containing the terms outlined below and otherwise containing customary terms and
provisions:

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	 	•	 	You shall provide such advisory and consulting services as are reasonably
requested by Nationstar, or its designee;
	 
	 	•	 	At the discretion of Nationstar and FIF, you may be appointed as a member of,
or as the non-executive chairman of, the board of directors of one or more of
Holdings, FIF and/or Nationstar, and you shall not be entitled to any additional
compensation in respect of such board service;
	 
	 	•	 	You shall receive an annual fee of $500,000 for providing such services,
payable in accordance with Nationstar’s then effective payroll practices and in
such installments as Nationstar pays its senior management;
	 
	 	•	 	At the discretion of Nationstar and FIF, you may be entitled to receive an
annual bonus in connection with such service;
	 
	 	•	 	You shall be entitled to participate in Nationstar’s medical, dental and vision
plans in a manner similar to the participation by Nationstar’s senior management,
to the extent permitted under the applicable plans;
	 
	 	•	 	The Consulting Agreement may be terminated (i) by either party with 30 days
advance written notice or (ii) by Nationstar at any time for Cause; provided,
however, that the Consulting Agreement shall automatically terminate in the event
(A) you fail to execute the Release as contemplated herein or (B) you revoke the
Release prior to the expiration of the applicable revocation period; and
	 
	 	•	 	You shall be subject to restrictive covenants which are consistent with those
contained in the Employment Agreement.

	 	6.	 	In the event you remain employed through January 2, 2012 and are continuing to
provide services under the Consulting Agreement on June 30, 2012, and provided you are in
continued compliance with this Letter Agreement, the Consulting Agreement, any restrictive
covenants contained in the Consulting Agreement, and the Covenants (as defined in Section
12 hereof) at the time of the contemplated vesting, all unvested Series 1 Class A Units of
FIF (“Series 1 Class A Units”) granted to you under the Series 1 Award Agreement and all
unvested Series 2 Class A Units of FIF (“Series 2 Class A Units”) granted to you under the
Series 2 Award Agreement, and all unvested Series 1 Class C Preferred Units of FIF (“Class
C RSUs”) and all unvested Series 1 Class D Preferred Units of FIF (“Class D RSUs”) granted
to you under the Preferred Award Agreement shall vest on June 30, 2012. The parties agree
that for purposes of Section 3 of each of the Series 1 Award Agreement and Series 2 Award
Agreement, your employment shall not be deemed to have been terminated with Cause (as such
term is defined in such agreements). The Class C Units and Class D Units relating to the
Class C RSUs and Class D RSUs shall be delivered to you within 30 days following the
vesting date set forth above.

	 	7.	 	In the event (i) your employment is terminated by Nationstar without Cause prior to
January 2, 2012 or (ii) your Consulting Agreement is terminated by Nationstar without
Cause prior to June 30, 2012, and provided you are in continued compliance with this
Letter Agreement, the Consulting Agreement

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	 	 	 	and any restrictive covenants contained in the Consulting Agreement, if applicable, and
the Covenants (as defined in Section 12 hereof) as of the date of your termination of
employment or service, all unvested Series 1 Class A Units granted to you under the
Series 1 Award Agreement and all unvested Series 2 Class A Units granted to you under
the Series 2 Award Agreement, and all unvested Class C RSUs and all unvested Class D
RSUs granted to you under the Preferred Award Agreement shall vest on the date of your
termination of employment, or service, as applicable. The Class C Units and Class D
Units relating to the Class C RSUs and Class D RSUs shall be delivered to you within 30
days following the date of termination.

	 	8.	 	In the pay period following the Termination Date, you will receive payment for (a)
any earned but unpaid salary through the Termination Date, (b) any accrued but unpaid paid
time off, (c) any reimbursable business expenses through the Termination Date, (d) any
vested benefits in accordance with the terms of Nationstar’s employee benefit plans or
programs and (e) any benefit continuation and/or conversion rights in accordance with the
terms of Nationstar’s employee benefit plans or programs.

	 	9.	 	Your basic life insurance, long term disability insurance, short term disability
insurance and accidental death and dismemberment insurance under Nationstar’s group
insurance plan will terminate on your Termination Date. You have the choice to continue
the basic life insurance policy by either porting the policy or converting the policy to a
whole or term life plan. Specific information on continuing your basic life insurance
policy will be forwarded to you separately.

	 	10.	 	You and your eligible dependents will be eligible to continue medical, dental and
vision coverage (the “Health Coverage”) under Nationstar’s group health plan which will
continue under the same terms and conditions applicable to all Company employees. Coverage
under a Flexible Spending Account program (the “FSA”) will terminate on the Termination
Date. All claims relating to the FSA must be submitted within 60 days following the
Termination Date; and only those claims incurred prior to the Termination Date will be
reimbursed. Upon termination of your Consulting Services Agreement, you will be provided
an opportunity to continue, at your own cost, Health Coverage and the healthcare portion
of the FSA for yourself and qualifying dependents under Nationstar’s group health plan in
accordance with the Consolidated Omnibus Budget Reconciliation Act (“COBRA”). Specific
information on COBRA, including its rate structure, will be forwarded to you separately.
Your coverage and cost levels are subject to adjustment in accordance with the terms of
the documents governing the program.

	 	11.	 	Except as otherwise specifically set forth in this Letter Agreement and the
Consulting Agreement, after the Termination Date you shall no longer be entitled to any
further equity securities, compensation or any monies from

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	 	 	 	Nationstar, FIF or any of their respective affiliates or subsidiaries or to receive any
of the benefits made available to you during your employment at Nationstar.

	 	12.	 	You agree that you remain bound by the cooperation obligation contained in Section 2
of the Employment Agreement and the obligations contained in Sections 6 and 7 of the
Employment Agreement, provided that the term of each of (a) the noncompete obligation
under Section 6(a) of the Employment Agreement, (b) the customer non-solicitation
obligation under Section 6(b) of the Employment Agreement, and (c) the employee
nonsolicitation and no-hire obligation under Section 6(c) of the Employment Agreement,
shall continue as defined in Sections 5.1 and 5.3 of your Consulting Services Agreement,
through July 1, 2012 (such obligations, as amended by this Section 12, the “Covenants”).

	 	13.	 	You agree that, to the extent applicable and to the extent not otherwise modified
pursuant to this Letter Agreement, Section 6-12 of the Employment Agreement will continue
to apply to the terms and provisions of this Letter Agreement.

	 	14.	 	You agree that, if in connection with, or at any time after, Holdings, FIF or any of
their respective subsidiaries conducts a public offering of its equity securities pursuant
to an effective registration statement under the Securities Act of 1933, as amended, you
are requested by Nationstar to exchange any or all of your Series 1 Class A Units, Series
2 Class A Units, Class C RSUs, Class C Units, Class D RSUs and Class D Units for equity
securities of the entity making such public offering, you shall take any and all actions
necessary or reasonably requested by such entity to exchange any of your Series 1 Class A
Units, Series 2 Class A Units, Class C Units, Class C RSUs, Class D RSUs or Class D Units
for an amount of equity securities of the entity which made such public offering having a
value equal to the value of the securities exchanged by you, as determined in good faith
by FIF.

	 	15.	 	The intent of the parties is that payments and benefits under this Letter Agreement
comply with Section 409A of the Internal Revenue Code of 1986, as amended, to the extent
subject thereto, and accordingly, to the maximum extent permitted, this Letter Agreement
shall be interpreted and administered to be in compliance therewith. Notwithstanding
anything contained herein to the contrary, you shall not be considered to have terminated
employment with Nationstar for purposes of any payments under this Agreement which are
subject to Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”)
until you have incurred a “separation from service” from Nationstar within the meaning of
Section 409A of the Code. Each amount to be paid or benefit to be provided under this
Letter Agreement shall be construed as a separate identified payment for purposes of
Section 409A of the Code. Without limiting the foregoing and notwithstanding anything

5

 

	 	 	 	contained herein to the contrary, to the extent required in order to avoid accelerated
taxation and/or tax penalties under Section 409A of the Code, amounts that would
otherwise be payable and benefits that would otherwise be provided pursuant to this
Letter Agreement during the six-month period immediately following your separation from
service shall instead be paid on the first business day after the date that is six
months following your separation from service (or, if earlier, your date of death). To
the extent required to avoid an accelerated or additional tax under Section 409A of the
Code, amounts reimbursable to you under this Agreement shall be paid to you on or
before the last day of the year following the year in which the expense was incurred
and the amount of expenses eligible for reimbursement (and in kind benefits provided to
you) during one year may not affect amounts reimbursable or provided in any subsequent
year. Nationstar makes no representation that any or all of the payments described in
this Agreement will be exempt from or comply with Section 409A of the Code and makes no
undertaking to preclude Section 409A of the Code from applying to any such payment.

	 	16.	 	“Cause” means (i) conviction of, guilty plea concerning or confession of any
felony, (ii) any act of misappropriation or fraud committed by you in connection with
FIF’s or its subsidiaries’ business, (iii) any material breach by you of this Letter
Agreement, the Consulting Agreement (if applicable), the Covenants and any other agreement
between you and FIF or Nationstar, after written notice thereof from FIF or Nationstar is
given in writing and such breach is not cured to the satisfaction of FIF or Nationstar
within a reasonable period of time (not greater than 30 days) under the circumstances,
(iv) any material breach of any reasonable and lawful rule or directive of Nationstar or
FIF, (v) the gross or willful neglect of duties or gross misconduct by you, or (vi) the
habitual use of drugs or habitual, excessive use of alcohol to the extent that any of such
uses in FIF’s good faith determination materially interferes with the performance of your
duties under this Letter Agreement or the Consulting Agreement, if applicable.

6

 

     Please acknowledge your receipt of this Letter Agreement and your agreement with the terms
hereof by executing this Letter Agreement in the appropriate space below.

	 	 	 	 	 	 	 

	 	 	Nationstar Mortgage LLC
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Jay Bray	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	Jay Bray	 	 
	 

	 	Title:	 	President, CEO and CFO	 	 

	 	 	 	 	 	 	 

	 	 	FIF HE Holdings LLC
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Pete Smith	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	Pete Smith	 	 
	 

	 	Title:	 	Manager	 	 

Agreed to and Accepted By:

Anthony Barone

/s/
Anthony Barone                                        

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EXHIBIT A

SEPARATION AGREEMENT AND GENERAL RELEASE

This Separation Agreement and General Release (“Agreement”) is made by and between Anthony
Barone (“Employee”), Nationstar Mortgage LLC (“Nationstar”) and FIF HE Holdings LLC
(“FIF”) (each, a “Party” and collectively, the “Parties”) as of the below-indicated
dates.

     WHEREAS, Employee was employed by Nationstar pursuant to an Employment Agreement between
Nationstar and Employee, dated September 17th, 2010 and terminating on September 17,
2011 (the “Prior Agreement”);

     WHEREAS, Employee continued employment with Nationstar pursuant to a Letter Agreement, dated
February  , 2012 between Employee, FIF and Nationstar (the “Letter Agreement”, and
together with the Prior Agreement, the “Employment Agreements”);

     WHEREAS, Employee’s employment with Nationstar terminated as of January 2, 2012 (the
“Termination Date”); and

     WHEREAS, by entering into this Agreement, the Parties intend to resolve any and all of
Employee’s disputes, claims, complaints, grievances, charges, actions, petitions, liabilities and
demands that Employee may have against the Released Parties (as defined herein), including, without
limitation, attorney’s fees, disbursements, monetary fines, damages, equitable relief, and/or any
other benefits or other remuneration from the Released Parties.

NOW THEREFORE, for and in consideration of the bonus payment described in Section 4 of the Letter
Agreement, the vesting described in Section 6 and 7 of the Letter Agreement, and the opportunity to
enter into the Consulting Agreement (as described in Section 5 of the Letter Agreement) and other
good and valuable consideration:

	 	1.	 	You, for and on behalf of yourself and your heirs, administrators, executors, and
assigns, do fully and forever release, remise and discharge (“release”) Nationstar,
FIF, the direct and indirect parents, subsidiaries and affiliates of each of Nationstar and
FIF, together with the respective officers, directors, partners, shareholders, attorneys,
employees and agents of Nationstar, FIF and their respective parents, subsidiaries and
affiliates (collectively, the “Group”), from any and all Claims (as defined below)
which you had, may have had, or now have against Nationstar, FIF or any other member of the
Group through the date upon which Employee signs this Agreement, for or by reason of any
matter, cause or thing whatsoever, whether known or unknown, including any Claim arising
out of the Employment Agreements, whether pursuant to Section 5 of the Prior Agreement or
any other provision of the Employment Agreements, or with respect to past or future
incentive or equity compensation in respect of your employment with Nationstar, and any
Claim arising out of

8

 

	 	 	 	or attributable to your employment or the termination of your
employment with Nationstar, including but not limited to Claims of breach of contract,
wrongful termination, unjust dismissal, defamation, libel or slander, or under any federal,
state or local law dealing with discrimination based on age, race, sex, national origin,
handicap, religion, disability or sexual preference. This release of Claims includes,
but is not limited to, all Claims arising under Title VII of the Civil Rights Act, the
Texas Human Rights Act, the Americans with Disabilities Act, the Civil Rights Act of
1991, the Family and Medical Leave Act, the Equal Pay Act, the Worker Adjustment and
Retraining Notification Act, the Executive Retirement Income Security Act, the Civil
Rights Acts of 1866, 1964 and 1991, the Civil Rights Act of 1991, the Equal Pay Act, the
Immigration and Reform Control Act, the Vocational Rehabilitation Act of 1973, the
Uniform Services Employment and Re-Employment Act, the Rehabilitation Act of 1973,
Executive Order 11246, the Sarbanes-Oxley Act, the Dodd-Frank Wall Street Reform and
Consumer Protection Act, and all other federal, state and local labor and
anti-discrimination laws, the common law and any other purported restriction on an
employer’s right to terminate the employment of employees. To the fullest extent
permitted by law, you further waive your right to participate in any collective or class
action under the Fair Labor Standards Act or any similar state or local law, and you
agree to opt-out of any such collective or class action against Nationstar, FIF or any
other member of the Group to which you may be or become a party or class member.
Further, you specifically release all Claims under the Older Workers Benefit Protection
Act and Age Discrimination in Employment Act (collectively, the “ADEA”) relating
to your employment and its termination. Notwithstanding the foregoing, this release
does not release (i) Claims that cannot be waived under applicable law, (ii) Claims to
enforce the terms of this Agreement, (iii) Claims that arise after the date that you
sign this Agreement, (iv) your rights under the operating agreement of FIF, as amended
from time to time, and (v) your rights under the Series 1 Award Agreement, Series 2
Award Agreement, and the Preferred Award Agreement (provided that you acknowledge and
agree that you have no rights to receive any additional securities of FIF, Nationstar or
any of their respective affiliates or subsidiaries under any of such agreements except
to the extent provided for herein, and except for Series 1 Class A Units, Series 2 Class
A Units, Class C Units and Class D Units already owned by you as of the date hereof).
As used in this Agreement, the term “Claims” shall include all claims,
covenants, warranties, promises, undertakings, actions, suits, causes of action,
obligations, debts, attorneys’ fees, accounts, judgments, losses and liabilities of
whatsoever kind or nature, in law, equity or otherwise.

	 	2.	 	You represent that you have not filed or permitted to be filed any legal action, charge
or complaint, in any forum whatsoever, against any member of the Group, individually or
collectively, and you covenant and agree that you will not file or permit to be filed any
lawsuits at any time hereafter with respect to the subject matter of this Agreement and
Claims released pursuant to this

9

 

	 	 	 	Agreement (including, without limitation, any Claims
relating to the termination of your employment), except as may be necessary to enforce this
Agreement or to seek a determination of the validity of the waiver of your rights under the
ADEA. Nothing in this Agreement shall be construed to prohibit you from filing a charge
with or participating in any investigation or proceeding conducted by the Equal Employment
Opportunity Commission or a comparable state or local agency. Notwithstanding the
foregoing, you agree to waive your right to recover monetary damages in any charge,
complaint,
or lawsuit filed by you or by anyone else on your behalf. Except as otherwise provided
in this paragraph, you will not voluntarily participate in any judicial proceeding of
any nature or description against any member of the Group that in any way involves the
allegations and facts that you could have raised against any member of the Group as of
the date upon which Employee signed this Agreement. You further agree that you will not
encourage or voluntarily cooperate with current or former employees of the Group or any
other potential plaintiff, to commence any legal action or make any claim against any of
the Group in respect of such person’s employment or termination of employment with or by
the Group or otherwise.

	 	3.	 	You agree that you remain bound by the Covenants (as defined in Section 12 of the
Letter Agreement).
	 
	 	4.	 	You acknowledge that you have read this Agreement in its entirety, fully understand its
meaning and are executing this Agreement voluntarily and of your own free will with full
knowledge of its significance.
	 
	 	5.	 	You agree to maintain the confidentiality of this Agreement, and to refrain from
disclosing or making reference to its terms, except (a) as required by law; or (b) with
your accountant or attorney for the sole purposes of obtaining, respectively, financial or
legal advice; or (c) with your immediate family members (the parties in clauses (b) and
(c), “Permissible Parties”); provided that the Permissible Parties agree to
keep the terms and existence of this Agreement confidential. You acknowledge and agree
that any disclosure of any information by you or the Permissible Parties contrary to the
provisions of this Agreement shall be a breach of this Agreement.
	 
	 	6.	 	Nationstar and FIF shall be entitled to have the provisions of this Agreement, the
Employment Agreements and the Covenants specifically enforced through injunctive relief,
without having to prove the adequacy of the available remedies at law, and without being
required to post bond or security, it being acknowledged and agreed that such breach will
cause irreparable injury to Nationstar and FIF and that money damages will not provide an
adequate remedy to Nationstar and FIF. Moreover, you understand and agree that if you
breach any provisions of this Agreement, the Employment Agreements or the Covenants, or
challenge the validity or enforceability of the Covenants, the Employment Agreement or this
Agreement (except as provided in the first

10

 

	 	 	 	three sentences of Section 2 of this Agreement),
in addition to any other legal or equitable remedy Nationstar or FIF may have, Nationstar
and FIF shall be entitled to cease making any payments or providing any equity securities
to you under Sections 4, 6 and 7 of the Letter Agreement, and you shall forfeit all rights
and entitlements under Sections 4, 6 and 7 of the Letter Agreement. The remedies set forth
in this Section 7 shall apply to any challenge to the validity of the waiver and release of
your rights under the ADEA. In the event you challenge the validity of the waiver and
release of your rights under the ADEA, then Nationstar’s and FIF’s right to attorneys’ fees
and costs shall be governed by the provisions of the ADEA. Any such action permitted to
Nationstar and FIF by the foregoing, however, shall not
affect or impair any of your obligations under this Agreement, including without
limitation, the release of claims in Section 1 hereof.
	 
	 	7.	 	In the event that any one or more of the provisions of this Agreement or the Employment
Agreements is held to be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions will not in any way be affected or impaired
thereby. Moreover, if any one or more of the provisions contained in this Agreement or the
Employment Agreements is held to be excessively broad as to duration, scope, activity or
subject, such provisions will be construed by limiting and reducing them so as to be
enforceable to the maximum extent compatible with applicable law.
	 
	 	8.	 	Nothing herein shall be deemed to constitute an admission of wrongdoing by Nationstar
or any member of the Group. Neither this Agreement nor any of its terms shall be used as
an admission or introduced as evidence as to any issue of law or fact in any proceeding,
suit or action, other than an action to enforce this Agreement.
	 
	 	9.	 	This Agreement may be executed in two (2) or more counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same instrument.
	 
	 	10.	 	The terms of this Agreement and all rights and obligations of the parties thereto,
including its enforcement, shall be interpreted and governed by the laws of the State of
Texas, without regard to principles of conflict of law.
	 
	 	11.	 	You understand that you have forty-five (45) days from the original date of presentment
of this Agreement, January  , 2012 , to consider whether or not to execute this
Agreement, although you may elect to sign it sooner. You shall have a period of seven (7)
days after the day on which you sign this Agreement to revoke your consent thereto, which
revocation must be in writing delivered to Nationstar, to the attention of Anthony Villani
in Nationstar’s Legal department, and this Agreement shall not become effective until the
eighth day following your execution of it (the “Effective Date”). You understand that if
you revoke your consent within such seven (7) day

11

 

	 	 	 	period, all of the obligations of
Nationstar and FIF to you under this will immediately cease, and Nationstar and FIF will
not be required to make the payments to you as contemplated by Section 4 of the Letter
Agreement and effect the vesting of equity securities as contemplated by Section 5 of the
Letter Agreement. You are advised to have this Agreement reviewed by legal counsel of your
choice.
	 
	 	12.	 	The terms contained in this Agreement, as well as the cooperation paragraph in Section
2 of the Employment Agreement, Sections 6-12 of the Employment Agreement and Sections 4, 5,
6, 7, 11 and 13 of the Letter Agreement, constitute the entire agreement between the
parties with respect to the subject matter hereof and supersede all prior negotiations,
representations or agreements relating thereto, whether written or oral, with the exception
of any agreements or provisions in agreements concerning confidentiality, trade secrets,
restrictive covenants, or any
nonsolicitation or nonservicing agreements, all of which agreements shall remain in full
force and effect, and are hereby confirmed and ratified. In further consideration of
this Agreement and notwithstanding anything herein to the contrary, you agree to abide
by and hereby reaffirm any confidentiality or restrictive covenant obligations contained
in any agreements you may have entered into or otherwise are bound by with Nationstar or
FIF, including the Covenants, the terms of which are hereby incorporated by reference.
You represent that in executing this Agreement, you have not relied upon any
representation or statement not set forth herein. No amendment or modification of this
Agreement shall be valid or binding upon the parties unless in writing and signed by all
the parties hereto.

[signature page follows]

12

 

     Please acknowledge your receipt of this Agreement and your agreement with the terms hereof by
executing this Agreement in the appropriate space below.

Nationstar Mortgage LLC

	 	 	 	 	 	 	 

	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Name:	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 

FIF HE Holdings LLC

	 	 	 	 	 	 	 

	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Name:	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 

Agreed to and Accepted By:

Anthony Barone

                                                            

Date:                                                   

13

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