Document:

Exhibit

Exhibit 10.11

                                                                  

Ditech Financial LLC
1100 Virginia Drive, Suite 100A    
Fort Washington, PA                                                                                          
ditech.com

June 28, 2018

New Residential Mortgage LLC
1345 Avenue of the Americas, 45th Floor
New York, NY 10105
Attention: Jonathan Grebinar

		
	Re:
	Subservicing Agreement dated August 8, 2016 by and between New Residential Mortgage LLC “NRM”) and Ditech Financial LLC (“Ditech”) (the “Subservicing Agreement”)

    
Dear Jonathan:

Reference is made to the above Subservicing Agreement. Capitalized terms used in this letter and not defined herein shall have the meaning given to them in the Subservicing Agreement.

Ditech and NRM have agreed that NRM will use commercially reasonable efforts to transfer to Ditech for subservicing under the Subservicing Agreement certain mortgage servicing rights acquired by NRM after the date hereof relating to first lien residential mortgage loans regarding which Fannie Mae or Freddie Mac is the investor, which mortgage loans shall number approximately 28,000 units and have an outstanding principal balance of approximately $7 billion as of the related Transfer Date (such mortgage servicing rights the “New Subservicing”); provided, however that if a  termination event as provided in Section 5.3 of the Subservicing Agreement occurs after the date of this letter and before the Transfer Date, NRM shall have no obligation to continue such efforts. 

Notwithstanding any contrary provisions in the Subservicing Agreement, commencing on the Transfer Date relating to the New Subservicing, NRM shall not fail to renew the Subservicing Agreement, or terminate the Subservicing Agreement without cause, in each case solely in connection with the New Subservicing, before the date that is one (1) year after the related Transfer Date. 

Additionally, NRM and Ditech shall cooperate in good faith to negotiate and execute, prior to the Transfer Date, in connection with the New Subservicing, a waiver of termination for cause rights under the Subservicing Agreement arising from events occurring prior to the Transfer Date, in substantially the form of the letter agreement dated January 17, 2017 between NRM and Ditech. 

The Transfer Date shall be as mutually agreed between Ditech and NRM, provided that NRM shall use commercially reasonable efforts to transfer the New Subservicing on or before October 1, 2018.  

The New Subservicing shall be subject to the terms and conditions of the Subservicing Agreement, as applicable, on and after the Transfer Date, except as otherwise provided in this letter. For the avoidance of doubt, in no event shall this letter and the terms contained herein be deemed to limit or inhibit Purchaser’s rights under the Subservicing Agreement with respect to the mortgage loans currently serviced under the Subservicing Agreement or in any way other than as expressly set forth herein, and this letter shall not be deemed to operate as a waiver with respect to the Subservicing Agreement.

Please indicate your agreement to the above terms by signing where indicated below and returning a fully signed copy of this letter to me.

Very truly yours,

/s/ Todd Block
Todd Block
Senior Vice President

ACCEPTED AND AGREED:

New Residential Mortgage LLC

By: /s/ Nicola Santoro, Jr.        
Name: Nicola Santoro, Jr.                    
Title: Chief Financial Officer and Chief Operating OfficerExhibit

Exhibit 10.1

ENDORSEMENT NO. 4
to the
AMENDED AND RESTATED 
QUOTA SHARE REINSURANCE AGREEMENT 
(hereinafter referred to as the “Agreement”)
between
AMTRUST INTERNATIONAL INSURANCE, LTD. 
Hamilton, Bermuda 
(hereinafter referred to as the “Company”)
and
MAIDEN REINSURANCE LTD. 
Hamilton, Bermuda 
(hereinafter referred to as the “Reinsurer”)

IT IS HEREBY AGREED, effective 12:01 a.m., Eastern Standard Time, July 31, 2018, Paragraph A. of Article XXI – TERM AND TERMINATION shall be deleted in its entirety and the following substituted therefor:

		
	A.
	This Agreement shall remain in effect until July 1, 2019, and shall automatically renew for successive three-year periods thereafter, unless the Reinsurer or Company elects to terminate this Agreement effective as of July 1, 2019 or as of the expiration of any successive three-year period.  If the Reinsurer or Company elects to so terminate this Agreement, it shall give written notice to the other party hereto not less than five months prior to July 1, 2019 or not less than nine months prior to the expiration of any successive three-year period.

IN WITNESS WHEREOF, the parties hereto, by their respective duly authorized officers, have executed this ENDORSEMENT NO. 4 to the Agreement as of the dates recorded below:

1 | Page

AMTRUST INTERNATIONAL INSURANCE, LTD.

By:  /s/ Chris Souter    
Name: Chris Souter
Title: Director, CFO & Assistant Secretary
Dated:  8 August 2018

MAIDEN REINSURANCE LTD.

By:  /s/ Patrick J. Haveron    
Name: Patrick J. Haveron
Title: President, Maiden Reinsurance Ltd.
Dated:  August 8, 2018

2 | PageEX-10.1

 Exhibit 10.1 

 
 

 
 STRICTLY PERSONAL AND CONFIDENTIAL 

August 8, 2018 
 Thomas J. Manning 

c/o Dun & Bradstreet 
 103 JFK Parkway 

Short Hill, NJ 07078 
 Dear Tom: 

On behalf of The Dun & Bradstreet Corporation Board of Directors (“the Board”), I am pleased to confirm the offer for you to assume the
position of Chief Executive Officer, effective August 8, 2018. In this position you will report directly to the Board, and be located in our Short Hills, NJ office. I am looking forward to your helping us build the future of Dun &
Bradstreet.     
 The purpose of this letter is to provide clarity to you on the compensation and benefits programs for which you will
be eligible. The details of our offer are below. 
 Base Salary: Your base salary will continue to be at a monthly rate of $100,000 (annualized rate
of $1,200,000), less deductions and withholdings that are required by law and that may be designated by you, and will be payable on the same payroll schedule as our other employees, currently semi-monthly. 

Special Cash Incentive Bonus: You are eligible for a special cash incentive bonus of $800,000, contingent upon the consummation of the transactions
contemplated by the Merger Agreement, assuming continued service with Dun & Bradstreet on the closing date. The payment will be made no later than 60 days after the consummation of the transactions contemplated by the Merger Agreement. This
payment will be subject to normal payroll deductions and is not considered creditable compensation for benefits purposes. 
 Work Site Commuting and
Living Arrangements: We anticipate that you will continue to commute weekly to and from your permanent residence. We will cover the costs associated with your commuting to Short Hills, NJ, as well as your living arrangements in the Short Hills,
area. This includes air transportation, car service to and from the airport, rental car in NJ, living accommodation and a per diem for meals and miscellaneous expenses. The Company support for these arrangements is

  
 

 

 

 
  

 
taxable and will be included in your Dun & Bradstreet W-2 earnings. Our relocation vendor, the MIGroup, will be the contact for the administration
of your commuting and living arrangements. We will also provide you with tax assistance (for those taxable items other than salary, equity and bonus) as well as tax preparation through Deloitte Tax LLP, while you are serving as the Company’s
Chief Executive Officer through the consummation of the transactions contemplated by the Merger Agreement. Tax assistance will be provided such that your ultimate tax liability will be similar to the level you would have paid excluding the work site
commuting and living arrangements. 
 Stock Ownership Guidelines: Dun & Bradstreet’s Stock Ownership Guidelines align a senior
leader’s individual financial interest with that of Dun & Bradstreet’s shareholders and, also, encourage senior leaders of Dun & Bradstreet to act like owners focused on the creation of longer term value. Positions at
Dun & Bradstreet covered by stock ownership guidelines include all members of the Executive Leadership Team. These positions play a key role in implementing our strategy and have the opportunity to make a significant impact on our long-term
business performance. In your position the expected level of stock ownership is the value equivalent to a multiple of six times your base salary. Under these guidelines, you may not dispose of company shares until you have met your target ownership.

 Your employment with the Company is for no specific period and constitutes at-will employment. This means that
you or Dun & Bradstreet can end the employment relationship at any time, with or without cause, and without prior notice, for any reason not prohibited by law. Additionally, as we discussed, you are not eligible for the Company’s
Career Transition Plan. 
 Proprietary Information: You understand that you have been and/or will be provided access to the Company’s
Proprietary Information to perform your work at the Company prior to the start of employment. As the disclosure or misuse of the Company’s Proprietary Information would likely cause it severe injury, you agree that you will keep secret and will
not use or disclose any Proprietary Information. You also agree that you will not publish or cause to be published, release or cause to be released or otherwise make available to any third party any originals or copies of Proprietary Information or
of documents containing Proprietary Information unless you have received prior written consent from the Company. (All terms are defined in the Employee Agreement). 

I believe the above summary covers the major points of our offer. Your participation in the referenced plans and programs will be governed by the rules of the
applicable compensation and benefit plans and programs of Dun & Bradstreet. 

 

 
  

 Tom, the Board and I look forward to working with you to advance the Company’s strategy. 

If you accept the terms of employment as outlined above, please sign the enclosed copy of this letter where indicated, and return it to Roslynn Williams. 

Sincerely, 
 James N. Fernandez 

Chairman of the Board, Dun & Bradstreet 
  

									
					
	Accepted:	 	 	 		 	Date:	 	 
		 	Thomas J. Manning

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