Document:

Deferred Compensation Agreement

 Exhibit 10 (e) 
  
 SUPPLEMENTAL RETIREMENT AGREEMENT 
 Between 
 GOLDEN WEST FINANCIAL CORPORATION 
 And 
 Georganne Proctor 
 (Employee) 
  
 THIS AGREEMENT is effective as of February 24, 2003, by and between Golden West Financial Corporation, a Delaware corporation, on behalf of itself and its subsidiaries (collectively, “Golden West”), and the above-named Employee.

  
 W I T N E S S E T H: 
  
 WHEREAS, Employee is employed by Golden West; and 
  
 WHEREAS, Golden West recognizes that Employee is a valuable management
employee and Golden West desires to reward and retain the services of Employee. 
  
 NOW, THEREFORE, the parties agree as follows: 
  
 1. Supplemental Retirement 
  
 For purposes hereof, the “Principal Sum” is the amount so described and set forth in Schedule A hereto. Subject to the provisions of paragraph 3 below, Golden West agrees to pay to Employee or Employee’s named beneficiary or
estate, in installments as hereafter set forth, an amount equal to that percentage of the Principal Sum (if any) as is set forth on Schedule A as of the first date upon which (a) Employee’s employment with Golden West terminates, or (b)
Employee ceases to work full-time (as defined from time to time by company policy) for Golden West. Notwithstanding the foregoing, but subject to the provisions of paragraph 3 below, if Employee’s employment is terminated at any time after the
date hereof and prior to full vesting as set forth in Schedule A by reason of his or her death, then Golden West agrees to pay to Employee’s named beneficiary or his or her estate, in installments as hereafter set forth and in lieu of the
amount determined pursuant to the preceding sentence, the full Principal Sum. 
  
 2. Time of Payments 
  
 Subject
to the provisions of paragraph 3 below, the amount provided for in paragraph 1 hereof shall be paid without interest in 240 equal, consecutive, semi-monthly installments over a ten-year period, commencing on the Commencement Date. The Commencement
Date shall be the first day of the month following the death of Employee or the date upon which Employee reaches age 65, whichever is earlier. 
  
 3. Cashouts of Small Sums 
  
 If the lump sum present value of the amount that remains to be paid as of the date of Employee’s termination of employment with Golden West is less
than or equal to $3,500, then in lieu of any payments that would otherwise subsequently be due under paragraphs 1 and 2 above, Golden West shall make a single lump sum cash payment to Employee (or Employee’s beneficiary or estate, if Employee
has died between date of termination of employment with Golden West and date of lump sum payment) of an amount equal to the present value (determined as of the date of Employee’s termination of employment) of the 240 payments the employee would
have otherwise received starting at age 65. For purposes of computing the present value of the future payments, Golden West shall use as a discount rate, the yield (determined at the date of employee’s termination of employment) on the U.S.
Treasury Security with a maturity date closest to the mid-point of the ten-year term during which the employee would have received the 240 payments. Such lump sum payment shall be made as soon as practicable after Employee’s termination of
employment. 
  
 4. Recipient of Payments 
  
 Payments provided to be made hereunder shall be made to Employee so long as
he or she shall be living, and thereafter to such beneficiary as Employee may designate in a writing filed with Golden 
  

 68 

 West, and if no beneficiary has been so designated by Employee, or if the beneficiary so designated is deceased at the
time payment is due and no successor beneficiary has been so designated who is then surviving, then to Employee’s estate. 
  
 5. Life Insurance 
  
 Golden West in its discretion may apply for and procure as owner and for its own benefit insurance on the life of Employee, in such amounts and in such
forms as Golden West may determine. Employee shall have no direct or indirect interest whatsoever in any such policy or policies, but at the request of Golden West, Employee shall submit to medical examination and supply such information and execute
such documents as may be required by the insurance company or companies to which Golden West applies for insurance. The rights of Employee, or his or her beneficiary, or estate, to benefits under this Agreement shall be solely those of an unsecured
creditor of Golden West. Any insurance policy or other assets held by Golden West in connection with the liabilities assumed pursuant to this Agreement shall not be deemed to be held under any trust for the benefit of Employee, or his or her
beneficiary, or his or her estate, or to be security for the performance of the obligations of Golden West but shall be, and remain, general, unpledged, and unrestricted assets of Golden West. 
  
 6. Nonalienability of Benefits 
  
 No portion of the benefits payable hereunder shall be subject in any manner
to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, or charge. 
  
 7. State of Agreements 
  
 The
benefits payable hereunder shall be independent of, and in addition to, any compensation or other benefit payable under any other agreement or plan relating to Employee’s employment that may exist from time to time. Nothing contained herein
shall restrict the right of Golden West to discharge Employee, or restrict the right of Employee to terminate his or her employment. 
  
 IN WITNESS WHEREOF, the parties have entered into this Agreement as of the date first above written. 
  

			
	 GOLDEN WEST FINANCIAL CORPORATION

		
	 By
	 	 /s/ Carl M. Andersen

	 	 	Carl M. Andersen
	 	 	Group Senior Vice President
		
	 	 	Employee
		
	 	 	 /s/ Georganne Proctor

	 	 	Georganne Proctor

  

 69 

 SCHEDULE A 
 To 
 SUPPLEMENTAL RETIREMENT AGREEMENT 
  
 EMPLOYEE: Georganne Proctor 
  
 PRINCIPAL SUM: $ 2,000,000 
  
 FULL VESTING PERIOD: 13 Years Commencing February 24, 2003 
  
 Vesting Percentages: The Principal Sum vests as follows: 
  
 0% per year for years 1-2 
  
 5.55% per year for years 3-8 
  
 13.33% per year for years 9-13 
  
 The vesting percentages set forth above shall be prorated for any partial year prior to the completion of the full vesting period. 
  

 70Amendment No. 3 to Third Amended and Restated Master Purchase Agreement

 Exhibit 10.1 
  
 EXECUTION COPY 
  
 AMENDMENT NO. 3 TO THIRD AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT 
  
 AMENDMENT NO. 3 (this “Amendment”), dated as of March 7, 2005, by and among IXIS Real Estate Capital Inc.,
a New York corporation, having an address at 9 West 57th Street, 36th Floor, New York, New York 10019 (“Buyer”), New Century Mortgage Corporation, a California corporation, having an address at 18400 Von Karman,
Suite 1000, Irvine, California 92612 (“NCMC”), NC Residual II Corporation, a Delaware corporation, having an address at 18400 Von Karman, Suite 1000, Irvine, California 92612 (“NCRC”), NC Capital Corporation, a
California corporation, having an address at 18400 Von Karman, Suite 1000, Irvine, California 92612 (“NCCC”) and New Century Credit Corporation, a California corporation, having an address at 18400 Von Karman, Suite 1000, Irvine,
California 92612 (“New Century”, and together with NCMC, NCCC and NCRC, “Seller”) to the Third Amended and Restated Master Repurchase Agreement, dated as of September 10, 2004, as amended by that certain Amendment
and Joinder to Third Amended and Restated Master Repurchase Agreement, dated as of September 29, 2004, as amended by Amendment No. 2 to Third Amended and Restated Master Repurchase Agreement, dated as of January 10, 2005, each by and between Seller
and Buyer, (the “Existing Agreement” and as amended by this Amendment No. 3, as may be amended from time to time, the “Repurchase Agreement”). Unless otherwise defined herein, terms defined in the Agreement are used
herein as therein defined. 
  
 RECITALS 
  
 WHEREAS, Seller and Buyer are parties to the Existing Agreement and the
Seller has requested the Buyer to agree to amend certain provisions of the Existing Repurchase Agreement as set forth in this Amendment. The Buyer hereto is willing to agree to such amendments, but only on the terms and subject to the conditions set
forth in this Amendment. 
  
 NOW, THEREFORE, in consideration of
the premises and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Seller and the Buyer hereby agree as follows: 
  
 Section 1. Amendments. 
  
 (a) The definition of Interest Sub-Limit is hereby deleted in its entirety and replaced with the following: 
  
 ““Interest-Only Sub-Limit” shall mean
$210,000,000.” 
  
 Section 2. Effectiveness of the
Amendment. The Amendment shall become effective upon receipt by the Buyer of evidence satisfactory to the Buyer that this Amendment has been executed and delivered by the Seller. 
  
 Section 3. Ratification of Agreement. As amended by this Amendment, the Agreement is in all respects ratified and
confirmed and the Agreement as so modified by this Amendment shall be read, taken, and construed as one and the same instrument. 

 Section 4. Representations and Warranties. To induce the Buyer to enter into this Amendment, the
Seller hereby represents and warrants to the Buyer that, after giving effect to the amendments provided for herein, the representations and warranties contained in the Agreement and the other Repurchase Documents will be true and correct in all
material respects as if made on and as of the date hereof and that no Default or Event of Default will have occurred and be continuing. 
  
 Section 5. No Other Amendments. Except as expressly amended hereby, the Agreement and the other Repurchase Documents shall remain in full force and
effect in accordance with their respective terms, without any waiver, amendment or modification of any provision thereof. 
  
 Section 6. Counterparts. This Amendment may be executed in any number of counterparts, each of which so executed shall be deemed to be an original,
but all of such counterparts shall together constitute but one and the same instrument. 
  
 Section 7. Expenses. The Seller agrees to pay and reimburse the Buyer for all of the out-of-pocket costs and expenses incurred by the Buyer in connection with the preparation, execution and delivery of this
Amendment, including, without limitation, the fees and disbursements of its attorneys. 
  
 Section 8. GOVERNING LAW. 
  
 THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES. 
  

[SIGNATURE PAGE FOLLOWS] 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective
officers as of the day and year first above written. 
  

			
	 IXIS REAL ESTATE CAPITAL INC.

		
	 By:
	 	 /s/ Anthony Malanga

	 Name:
	 	 Anthony Malanga

	 Title:
	 	 Managing Director

		
	 By:
	 	 /s/ Kathy Lynch

	 Name:
	 	 Kathy Lynch

	 Title:
	 	 Director

	
	 NEW CENTURY MORTGAGE CORPORATION

		
	 By:
	 	 /s/ Kevin Cloyd

	 Name:
	 	 Kevin Cloyd

	 Title:
	 	 Executive Vice President

	
	 NC CAPITAL CORPORATION

		
	 By:
	 	 /s/ Kevin Cloyd

	 Name:
	 	 Kevin Cloyd

	 Title:
	 	 President

	
	 NC RESIDUAL II CORPORATION

		
	 By:
	 	 /s/ Kevin Cloyd

	 Name:
	 	 Kevin Cloyd

	 Title:
	 	 Executive Vice President

			
	 NEW CENTURY CREDIT CORPORATION

		
	 By:
	 	 /s/ Kevin Cloyd

	 Name:
	 	 Kevin Cloyd

	 Title:
	 	 Executive Vice President

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