Document:

EX-10.4

 Exhibit 10.4 

RESTRICTIVE COVENANT AGREEMENT 

As provided for under that certain employment agreement by and between WMIH Corp. (the “Company”) and William Gallagher
(“Executive”), made as of May 15, 2015 (as amended, the “Employment Agreement”), upon the consummation of a Qualifying Acquisition (as defined in the Employment Agreement), and in consideration for the rights
and benefits provided to Executive under the Employment Agreement, Executive agrees to abide by all of the terms and conditions of this restrictive covenant agreement (the “Agreement”). Executive acknowledges and agrees that this
Agreement, and the terms and conditions herein, are material terms of Executive’s employment relationship with the Company, and that the Company would not have hired Executive and entered into the Employment Agreement but for Executive’s
execution of, and compliance with, this Agreement. 
 1.    Confidential Information. 

(a)    Executive acknowledges and agrees that Executive is bound by certain covenants not to disclose or
use Confidential Information (as defined in the Employment Agreement) as provided for in the Employment Agreement. 

(b)    Notwithstanding anything in this Agreement or the Employment Agreement to the contrary, in
accordance with the Defend Trade Secrets Act, 18 U.S.C. § 1833(b), and other applicable law, nothing in this Agreement, the Employment Agreement, or any other agreement or policy shall prevent Executive from, or expose Executive to criminal or
civil liability under federal or state trade secret law for, (i) directly or indirectly sharing any Company Entity’s (as defined below) trade secrets or other Confidential Information (except information protected by any Company
Entity’s attorney-client or work product privilege) with an attorney or with any federal, state, or local government agencies, regulators, or officials, for the purpose of investigating or reporting a suspected violation of law, whether in
response to a subpoena or otherwise, without notice to the Company Entities, or (ii) disclosing trade secrets in a complaint or other document filed in connection with a legal claim, provided that the filing is made under seal. Further, nothing
herein shall prevent Executive from discussing or disclosing information related to Executive’s general job duties or responsibilities and/or regarding employee compensation. Executive also may disclose Confidential Information as required in
response to a subpoena or other legal process, in accordance with the terms and procedures set forth in Paragraph 2, below. 

(c)    For purposes of this Agreement, (i) “Affiliate” means, with respect to any Person,
all Persons controlling, controlled by, or under common control with such Person; (ii) “Company Entities” means, collectively, the Company and each and all of its Affiliates; (iii) “Company Parties” means,
collectively, each and all of the Company Entities and each and all of their respective principals, members, officers, directors, employees, representatives, agents, partners, consultants, contractors, fiduciaries, representatives, and agents; and
(iv) “Person” means any individual, partnership, joint venture, association, corporation, trust, estate, limited liability company, limited liability partnership, or any other legal entity. 

 2.    Legal Process. Except as provided in Paragraph 1, above,
Executive agrees that in the event Executive is served with a subpoena, document request, interrogatory, or any other legal process that will or may require Executive to disclose any Confidential Information, whether during Executive’s
employment or thereafter (regardless of whether Executive resigns or is terminated, or the reason for such resignation or termination), Executive will immediately notify an officer of the Company of such fact, in writing, and provide a copy of such
subpoena, document request, interrogatory, or other legal process, unless such subpoena, document request, interrogatory, or other legal process (i) is from a court or governmental agency, and (ii) explicitly prohibits Executive from doing
so. 
 3.    Non-Competition. As a further material inducement for the
Company to employ Executive under the Employment Agreement, Executive agrees that during the period commencing on the Effective Date (as defined in the Employment Agreement) and ending on the date that is twelve (12) months after the Date of
Termination (as defined in the Employment Agreement) (such period, the “Restricted Period”), Executive shall not, without the express written consent of a duly authorized officer of the Company (which consent may be granted or
withheld in any such officer’s sole and absolute discretion), directly or indirectly: (a) advise or participate in the management of any Competing Business (as defined below); (b) act as a partner, member, or employee of any Competing
Business; (c) act as a manager, advisor, or consultant to any Competing Business; (d) establish or organize (whether alone or with others) any Competing Business; or (e) be associated in any way with any Competing Business in any
other relationship or capacity; provided, however, that nothing in this Agreement shall preclude Executive from investing Executive’s personal assets in the securities of any Competing Business if such securities are (i) traded on a
national stock exchange or on the over-the-counter market and if such investment does not result in Executive beneficially owning, at any time, more than five percent
(5%) of the publicly-traded equity securities of such Competing Business, or (ii) not traded on a national stock exchange or on the over-the-counter market if such
investment is as a passive investor and such investment does not result in Executive beneficially owning, at any time, more than five percent (5%) of any class of equity securities of such Competing Business. As used in this Agreement,
“Competing Business” means the business of reinsuring mortgage insurance policies. 
 4.    Non-Solicitation. Executive agrees that during the Restricted Period, Executive shall not, without the prior written consent of a duly authorized officer of the Company (which may be granted or withheld in any
such officer’s sole and absolute discretion), directly or indirectly, whether on behalf of or for the benefit of Executive or any other Person, whether as an employee, principal, partner, owner, officer, director, individual, member,
consultant, contractor, volunteer, representative, agent, or in any other capacity whatsoever, and whether or not for compensation: 

(a)    (i) solicit, induce, or encourage the resignation or termination of, or attempt to solicit, induce,
or encourage the resignation or termination of, any employee, contractor or consultant of the Company; (ii) interfere, or attempt to interfere, in any way with the relationship between the Company, on the one hand, and any of its employees,
contractors or consultants on the other hand; or (iii) solicit, hire, recruit, employ, engage, or retain; or allow Executive’s name to be used in connection with the solicitation, hiring, recruiting,

  
 2 

 
employing, engaging, or retention of, any Person who as of such date, or at any time during the twelve (12) months preceding such date, is or was an employee, contractor or consultant of the
Company; or 
 (b)     (i) (A) solicit any Person that is a customer or supplier of the Company or
was a customer or supplier of the Company at any time during the twelve (12) months preceding such date (collectively, a “Protected Client”), or (B) accept, participate in accepting, or aid, assist, or direct anyone in
procuring or accepting, any business from any Protected Client; or (ii) interfere with, diminish, appropriate, seize, solicit, divert, or usurp any business, commercial, investment, financial, strategic, or other opportunity of, or relating to,
the Company, or any opportunity or project of which Executive became aware or on which Executive worked while employed by the Company or while affiliated with the Company (including as an employee, officer, director, manager, adviser, consultant,
contractor, representative, agent or otherwise). 
 (c)    Notwithstanding anything in clause
(a) above to the contrary, Executive shall be permitted to solicit employees, consultants and contractors of the Company (i) with whom Executive had pre-existing business relationships as of the
Effective Date or (ii) that regularly provide services to multiple clients. 
 5.    Acknowledgement.
Executive hereby acknowledges that the limitations set forth in Paragraphs 1 through 4 of this Agreement are fair and reasonable, and will not prevent Executive from earning a livelihood after Executive leaves the Company’s employ. Executive
recognizes that these restrictions are appropriate based on the special and unique nature of the services Executive has rendered and will continue to render, the access to Confidential Information that Executive has enjoyed and will continue to
enjoy, the access to Company clients that Executive has had and will continue to have as a result of Executive’s employment and position with the Company, and the risks that the Company will face absent such restrictions. Executive agrees that
should Executive breach any of the provisions of Paragraph 3 or Paragraph 4, above, the running of the Restricted Period shall be tolled during the period of such breach. 

6.    Remedy for Breach. Executive agrees that Executive’s breach or threatened breach of any of the
restrictions set forth in Paragraphs 1 through 4 of this Agreement will result in irreparable and continuing damage to the Company Parties for which there is no adequate remedy at law. Thus, in addition to the Company’s right to arbitrate
disputes hereunder, the Company Parties shall be entitled to obtain emergency equitable relief, including a temporary restraining order and/or preliminary injunction, in aid of arbitration, from any state or federal court of competent jurisdiction,
without first posting a bond, to restrain any such breach or threatened breach. Such relief shall be in addition to any and all other remedies, including the recovery of monetary damages, attorneys’ fees, and costs, available to the Company
Parties against Executive for such breaches or threatened breaches. Upon the issuance (or denial) of an injunction, the underlying merits of any dispute will be resolved in accordance with the arbitration provisions of Section 10(e) of the
Employment Agreement. 

  
 3 

 7.    Arbitration.
Except as provided in Paragraph 6 of this Agreement, the parties irrevocably and unconditionally agree that any past, present, or future dispute, controversy, or claim arising under or relating to this Agreement or the Employment Agreement;
arising under any federal, state, local, or foreign statute, regulation, constitution, law, ordinance, or the common law (including any law prohibiting discrimination, harassment or retaliation); or arising in connection with Executive’s
employment or affiliation or the termination thereof; involving Executive, on the one hand, and any of the Company Parties, on the other hand, including both claims brought by Executive and claims brought against Executive, shall be submitted for
resolution to binding arbitration as provided in Section 10(e) of the Employment Agreement. 
 8.    Entire
Agreement. This Agreement, together with the Employment Agreement, replaces and supersedes any and all previous or existing agreements, arrangements, or understandings, whether oral or written, between Executive and any Company Entity relating
to the terms and conditions of Executive’s relationship with the Company Entities. Executive specifically acknowledges and agrees that, notwithstanding any discussions or negotiations Executive may have had with any of the Company Parties prior
to the execution of this Agreement, Executive is not relying on any promises or assurances other than those explicitly contained in this Agreement and the Employment Agreement. This Agreement and the Employment Agreement contain the entire agreement
and understanding of the parties with respect to the matters set forth herein, and the terms and conditions of Executive’s employment. 

9.    Amendments and Waivers. No provision of this Agreement may be amended modified, waived, or discharged except
as agreed to in a writing signed by both Executive and a duly authorized officer of the Company. The failure of a party to insist upon strict adherence to any term of this Agreement on any occasion shall not be considered a waiver thereof or deprive
that party of the right thereafter to insist upon strict adherence to that term or any other term of this Agreement. 

10.    Headings/Drafting. The headings in this Agreement are included for convenience of reference only and shall
not affect the interpretation of this Agreement. This Agreement shall be interpreted strictly in accordance with its terms, to the maximum extent permissible under governing law, and shall not be construed against or in favor of any party,
regardless of which party drafted this Agreement or any provision hereof. For purposes of this Agreement, the connectives “and,” “or,” and “and/or” shall be construed either disjunctively or conjunctively as necessary
to bring within the scope of a sentence or clause all subject matter that might otherwise be construed to be outside of its scope, and “including” shall be construed as “including without limitation.” 

11.    Governing Law. THIS AGREEMENT WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
DELAWARE, WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW OR CONFLICTING PROVISION OR RULE THAT WOULD CAUSE THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF DELAWARE TO BE APPLIED. IN FURTHERANCE OF THE FOREGOING, THE INTERNAL LAW OF THE STATE OF
DELAWARE WILL CONTROL THE INTERPRETATION AND CONSTRUCTION OF THIS AGREEMENT, EVEN IF UNDER SUCH JURISDICTION’S CHOICE OF LAW OR CONFLICT OF LAW ANALYSIS, THE SUBSTANTIVE LAW OR SOME OTHER JURISDICTION WOULD ORDINARILY APPLY. 

  
 4 

 12.    Severability/Modification. If any provision of this
Agreement is determined to be unenforceable as a matter of governing law, an arbitrator or reviewing court shall have the authority to “blue pencil” or otherwise modify such provision so as to render it enforceable while maintaining the
parties’ original intent to the maximum extent possible. Each provision of this Agreement is severable from the other provisions hereof, and if one or more provisions hereof are declared invalid, the remaining provisions shall nevertheless
remain in full force and effect. 
 13.    Survival. Executive acknowledges and agrees that Executive’s
confidentiality, non-disparagement, and other post-employment covenants set forth in the Employment Agreement, remain in full force and effect in accordance with their terms, and that Executive will comply
with such covenants. Executive also acknowledges and agrees that the terms of this Agreement shall survive the termination of Executive’s employment with the Company. 

14.    Third Party Beneficiaries. Each and all of the Company Parties are intended to be, and are, third party
beneficiaries of this Agreement and shall be entitled to enforce this Agreement in accordance with its terms. 

15.    Assignment. This Agreement may be assigned by the Company. Upon such assignment, the rights and obligations
of the Company hereunder shall become the rights and obligations of such assigned party. Executive may not assign Executive’s rights and obligations under this Agreement. 

16.    Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original and
both of which together shall constitute one and the same instrument. Facsimile, PDF, and other true and accurate copies of this Agreement shall have the same force and effect as originals hereof. 

 

	
	 Agreed to and accepted
 this 31st day of July
2018

	
	 /s/ William Gallagher

	William Gallagher

  
 5EX-10.5

 Exhibit 10.5 

WMIH CORP. 
 RESTRICTED
STOCK GRANT NOTICE 
 WMIH Corp., a Delaware corporation (the “Company”), hereby grants to Participant (as defined
below) restricted stock of the Company (the “Restricted Stock”). The Restricted Stock is subject to all the terms and conditions set forth in this Restricted Stock Grant Notice (this “Grant Notice”), the Restricted
Stock Agreement, and the Company’s 2012 Long-Term Incentive Plan (as amended, the “Plan”). The Restricted Stock Agreement and the Plan are attached to and incorporated into this Grant Notice in their entirety. Capitalized terms
not defined herein will have the meaning given in the Plan. 
  

			
	Participant:	  	Thomas Fairfield (“Participant”)
	Grant Date:	  	July 30, 2018 (the “Grant Date”)
	Number of Shares of Common Stock:	  	507,936 (the “Grant Shares”)
	Fair Market Value Per Share at Grant Date:	  	$1.42
	Repurchase Price Per Share:	  	$0.00001 per share
	Vesting Schedule:	  	

 The Grant Shares shall vest in full upon the consummation a Qualifying Acquisition (as defined in the Employment Agreement
between the Company and Participant, made as of May 15, 2015 (as amended, the “Employment Agreement”)); provided, that Participant’s Continuous Service has not terminated prior to such date; provided,
further, that if the Company consummates a Qualifying Acquisition within six (6) months following (i) the Company’s termination of Participant’s Continuous Service (as defined in the Restricted Stock Agreement) without
Cause (as defined in the Employment Agreement), (ii) Participant’s resignation for Good Reason (as defined in the Employment Agreement), (iii) the termination of Participant’s Continuous Service as a result of Participant’s death or
Disability (as defined in the Employment Agreement), or (iv) the termination of Participant’s employment as a result of the expiration of the Employment Period (as defined in the Employment Agreement), the Grant Shares will vest at the
time of such consummation. For the avoidance of doubt, the termination of Participant’s Continuous Service shall not affect Participant’s rights to the Grant Shares that have previously vested. 

Additional Terms/Acknowledgement: By accepting this Restricted Stock, the undersigned Participant acknowledges receipt of, and understands and agrees
to the terms of this Grant Notice, the Restricted Stock Agreement, and the Plan. Participant further acknowledges that this Grant Notice, the Restricted Stock Agreement and the Plan set forth the entire understanding between Participant and the
Company regarding the Restricted Stock and supersede all prior oral and written agreements on the subject. Participant acknowledges and agrees that the Grant Shares satisfy the Company’s obligations to grant additional shares of Restricted
Stock pursuant to the terms and conditions of the Employment Agreement. 
  

									
	WMIH Corp.	 		 	Participant
				
	By:	 	 /s/ Charles Edward Smith
	 		 	 /s/ Thomas Fairfield

	Name:	 	Charles Edward Smith	 		 	Name:	 	Thomas Fairfield
	Title:	 	Executive Vice President	 		 	Address:	 	
		 		 		 	  

		 		 		 	  

 Attachments: 

	1.	Restricted Stock Agreement 

	2.	Long-Term Incentive Plan 

 WMIH CORP. 

2012 LONG-TERM INCENTIVE PLAN 

RESTRICTED STOCK AGREEMENT 

Pursuant to Participant’s Restricted Stock Grant Notice (the “Grant Notice”) and this Restricted Stock Agreement (this
“Agreement”), the Company hereby grants Participant a restricted stock award under the Plan. The Restricted Stock shall be subject to the terms of the Plan. Capitalized terms not otherwise defined herein are defined in the Grant
Notice and/or the Plan. 
  

	1.	 AWARD OF RESTRICTED STOCK GRANT 

The Company hereby awards to Participant and Participant accepts a restricted stock grant of the number of shares of the Company’s Common
Stock specified in the Grant Notice as the Grant Shares (the “Award”). This Award is being made without the payment of any consideration other than Participant’s services to the Company. The Award is being made pursuant to the
Plan and is subject to and conditioned upon the terms and conditions of the Plan and the terms and conditions set forth in the Grant Notice and this Agreement. Any inconsistency between the Grant Notice and this Agreement and the terms and
conditions of the Plan will be resolved in accordance with the Plan. 
 Promptly following Participant’s execution of the Grant Notice,
the Company will issue the Grant Shares. Participant will be entitled to voting and dividend rights with respect to the Grant Shares, even though the Grant Shares are not vested, provided that to the extent any such Grant Shares are forfeited to the
Company, such rights will terminate immediately with respect to the Grant Shares that are forfeited. 
  

	2.	 REPRESENTATIONS OF PARTICIPANT 

2.1    No Representations by or on Behalf of the Company. Participant is not relying on any representation,
warranty, or statement made by the Company or any agent, employee or officer, director, shareholder, or other controlling person of the Company regarding the Grant Shares or this Award. 

2.2    Tax Election. The Company has advised Participant to seek Participant’s own tax and financial advice
with regard to the federal and state tax considerations resulting from Participant’s receipt of the Grant Shares pursuant to the award. Participant represents that Participant has reviewed the “Tax Treatment of Your Restricted Stock
Grant” attached as Exhibit A and will rely on the advice of Participant’s own tax advisors with respect to the tax aspects of a grant of Grant Shares under this Agreement. Participant represents that Participant is not
relying on any representations made by the Company or any of its agents with respect to such matters, including, but not limited to, Exhibit A. Participant understands that the Company will report to appropriate taxing authorities
the payment to Participant of compensation income either (i) upon the vesting of the Grant Shares or (ii) if Participant makes a timely Section 83(b) election, as of the Grant Date. Participant understands that he is solely
responsible for the payment of all federal and state taxes resulting from this Award. CURRENTLY AN ELECTION UNDER 83(b) MUST BE FILED WITHIN 30 DAYS AFTER THE GRANT DATE. THIS TIME PERIOD CANNOT BE EXTENDED. PARTICIPANT ACKNOWLEDGES THAT TIMELY
FILING OF A SECTION 83(b) ELECTION IS PARTICIPANT’S SOLE RESPONSIBILITY, EVEN IF PARTICIPANT REQUESTS COMPANY OR ITS AGENT TO FILE SUCH ELECTION ON PARTICIPANT’S BEHALF. 

2.3    Tax Withholding. As a condition to the receipt of Grant Shares, Participant must make such arrangements as
the Company may require for the satisfaction of any federal, state or local withholding tax obligations that may arise in connection with such receipt. Participant shall satisfy such withholding obligations (i) in cash or by check, (ii) by
directing the Company to withhold shares to which Participant is entitled upon vesting of the Grant Shares with a Fair Market Value equal to an amount necessary to satisfy the Company’s applicable federal, state, local or foreign income and
employment tax withholding obligations with respect to Participant (but in no event in excess of the maximum statutory withholding amounts in Participant’s relevant tax jurisdiction), (iii) by tendering previously owned shares with a Fair
Market Value equal to the minimum withholding obligations or (iv) by a combination of any of the foregoing methods. 

2.4    Securities Law Compliance. 

(a)    Securities Compliance. Participant agrees that Participant is acquiring the Grant Shares for
Participant’s own account for investment, and not with a view to, or for resale in connection with, any distribution thereof, and Participant agrees, upon request, to further document Participant’s investment intent, access to information
concerning the Company, ability to bear the economic risk of the Grant Shares, and acknowledges restrictions on transfer of the Shares. Participant understands that the Company does not have an effective registration statement with respect to the
Grant Shares under the Securities Act and has no intent to or obligation to do so. 

 (b)    Indemnification by Participant. To the extent permitted by
law, Participant will indemnify the Company, each of its directors, officers, agents and any person who controls the Company (within the meaning of the Securities Act) against all losses, claims, damages, liabilities, and expenses (including, but
not limited, to reasonable attorneys’ fees and expenses) with respect to the breach of any representations and warranties set forth in Section 2.4(a) of this Agreement. 

 

	3.	 GENERAL RESTRICTIONS OF TRANSFERS OF GRANT SHARES 

3.1    Legends. Certificates representing the Grant Shares will bear the following legends, or other appropriate
legends: 
 THE SHARES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE OR
FOREIGN SECURITIES LAWS. NO OFFER FOR SALE, TRANSFER, PLEDGE, OR OTHER DISPOSITION OF THE SHARES EVIDENCED BY THIS CERTIFICATE MAY BE MADE UNLESS PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT FILED UNDER THE SECURITIES ACT OF 1933 AND APPLICABLE
STATE AND FOREIGN SECURITIES LAWS, OR SUBJECT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OF 1933, AS AMENDED, AND APPLICABLE STATE AND FOREIGN SECURITIES LAWS. 

THE SHARES EVIDENCED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER AS SET FORTH IN THE RESTRICTED STOCK AGREEMENT PURSUANT TO
WHICH THEY WERE ISSUED. APPROVAL FROM THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS MUST BE RECEIVED PRIOR TO TRANSFER. 

3.2    Restriction on Transfer of Shares. Participant agrees for himself, his executors, administrators and other
successors in interest that none of the Grant Shares that have not vested pursuant to the Vesting Schedule (the “Unvested Shares”), nor any interest therein, may be voluntarily or involuntarily sold, transferred, assigned, donated,
pledged, hypothecated or otherwise disposed of, gratuitously or for consideration prior to their vesting in accordance with the Vesting Schedule. From and after vesting of the Grant Shares in accordance with the Vesting Schedule, the Grant Shares
shall be subject to the resale restrictions under Rule 144 of the Securities Act of 1933, as amended, and any other restrictions under applicable law. 

3.3    Invalid Transfers. Any disposition of the Grant Shares other than in strict compliance with the provisions
of this Agreement shall be void. The Company shall not be required to (i) transfer on its books any Grant Shares which have been sold or transferred in violation of the provisions of this Section 3 or
(ii) treat as the owner of the Grant Shares, or otherwise to accord voting, dividend or any other rights to, any person or entity to whom Participant transferred or attempted to transfer the Grant Shares in contravention of this Agreement. 

 

	4.	 REPURCHASE OF UNVESTED SHARES 

4.1    Forfeiture Repurchase. Except as otherwise provided in the Grant Notice with respect to vesting of the Grant Shares
upon the consummation of a Qualifying Acquisition within six months following certain terminations of Participant’s Continuous Service (as defined below), in the event that Participant’s Continuous Service terminates for any reason
(“Termination of Service”), the Company will automatically repurchase the Unvested Shares from Participant to the extent that they were unvested on the date of such Termination of Service (“Repurchase Event”) and
Participant agrees to cooperate with the Company to cause such shares to be repurchased. For purposes of this Agreement, “Continuous Service” means that Participant’s service with the Company or an Affiliate, whether as an
employee, a director or consultant, is not interrupted or terminated (other than pursuant to a leave approved by the Company). Participant’s Continuous Service shall not be deemed to have terminated or been interrupted merely because of a
change in the capacity in which Participant renders service to the Company or an Affiliate as an employee, a director or consultant or a change in the entity for which Participant renders such service; provided, that there is no
interruption or termination of Participant’s service with the Company or an Affiliate. 
 4.2    Purchase Price
and Payment. The Repurchase Price of the Unvested Shares under this Section 4 is as specified in the Grant Notice and shall be paid by the Company by check upon demand by Participant following the Repurchase Event. 

4.3    Closing of the Repurchase. The repurchase of the Unvested Shares will be recorded on the transfer books of
the Company immediately following the Repurchase Event and Participant may demand and receive payment pursuant to Section 4.2 for the Unvested Shares at any time thereafter. Failure to timely remit the Repurchase Price to
Participant shall not invalidate the Company’s repurchase right as set forth in Section 4.1. Participant agrees to execute any documentation necessary to fully effectuate the transfer of the forfeited Unvested Shares
to the Company following the Repurchase Event. 

  
 2 

 4.4    Safekeeping of Unvested Shares. All Unvested Shares and
stock dividends thereon will be held in escrow by the Company. In the event Unvested Shares are forfeited pursuant to a Repurchase Event, the dividends and distributions on such Unvested Shares will likewise be forfeited to the Company. The Company
will deliver Grant Shares that have vested pursuant to the Vesting Schedule to Participant within a reasonable period of time after such Grant Shares become vested. 

4.5    Assignment of Rights by the Company. The Company may, in its sole discretion, assign its repurchase
obligation with respect to any Unvested Shares to any one or more persons without notice to, or the prior consent of, Participant. 
  

	5.	 MISCELLANEOUS PROVISIONS 

5.1    Notices. All notices or other communications pursuant to this Agreement shall be in writing and shall be
deemed duly given if delivered personally or by courier service, or if mailed by certified mail, return receipt requested, prepaid and addressed to the Company’s executive offices to the attention of the Company’s Secretary, or if to
Participant, to the address maintained by the personnel department, or such other address as such party shall have furnished to the other party in writing. 

5.2    Amendment and Modification. This Agreement may be amended, modified, and supplemented only by written
agreement of all of the parties hereto. 
 5.3    Assignment. This Agreement and all of the provisions hereof
shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns, but neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by Participant without
the prior written consent of the Company. 
 5.4    Effect on Employment. Nothing contained in this Agreement
will be deemed to constitute an employment contract or confer or be deemed to confer on any Participant any right to continue in the employ of, or to continue any other relationship with, the Company or any affiliated company or limit in any way the
right of the Company or any affiliated company to terminate Participant’s Continuous Service at any time, with or without cause. 

5.5    Governing Law. Except as otherwise expressly provided for in Section 6, this
Agreement and the rights and obligations of the parties hereunder shall be governed by and construed in accordance with the internal laws of the State of Delaware applicable to the construction and enforcement of contracts wholly executed in
Delaware by residents of Delaware and wholly performed in Delaware. Except as otherwise expressly provided for in Section 6, any action or proceeding brought by any party hereto shall be brought only in a state or federal
court of competent jurisdiction located in the State of Delaware and all parties hereto hereby submit to the in personal jurisdiction of such court for purposes of any such action or procedure. 

5.6    Headings. The headings of the sections and subsections of this Agreement are inserted for convenience only
and shall not constitute a part hereof. 
 5.7    Entire Agreement. Except as otherwise expressly provided for in
Section 6, this Agreement, the Grant Notice and the Plan embody the entire agreement and understanding of the parties hereto in respect of the subject matter contained herein and supersedes all prior written or oral
communications or agreements all of which are merged herein. There are no restrictions, promises, warranties, covenants, or undertakings, other than those expressly set forth or referred to herein. 

5.8    No Waiver. No waiver of any provision of this Agreement or any rights or obligations of any party hereunder
shall be effective, except pursuant to a written instrument signed by the party or parties waiving compliance, and any such waiver shall be effective only in the specific instance and for the specific purpose stated in such writing. 

5.9    Severability of Provisions. In the event that any provision hereof is found invalid or unenforceable
pursuant to judicial decree or decision, the remainder of this Agreement shall remain valid and enforceable according to its terms. 

5.10    Counterparts. This Agreement and the Grant Notice may be executed in separate counterparts, each of which
is deemed to be an original and all of which taken together constitute one and the same agreement. 
  

	6.	 AMENDMENTS TO EMPLOYMENT AGREEMENT 

The parties hereto are also parties to the Employment Agreement. The parties desire, effective as of the Grant Date, to further modify the
Employment Agreement to extend the Employment Period (as defined in the Employment Agreement) and provide for an additional payment to the Participant in connection with the expiration of the Employment Period. 

  
 3 

 Section 1 of the Employment Agreement is hereby amended by deleting the phrase
“the earlier of (a) the Closing Date (as defined in that certain Agreement and Plan of Merger, dated as of February 12, 2018, among Nationstar Mortgage Holdings Inc., WMIH Corp., a Delaware corporation and Wand Merger Corporation (as
it may be amended, the “Merger Agreement”)) or (b) the End Date (as defined in the Merger Agreement)” and replacing it with “on August 3, 2018”. 

The first sentence of Section 4(d) of the Employment Agreement is hereby amended and restated in its entirety to read as follows:
“If Executive’s employment shall be terminated by reason of the expiration of the Employment Period, then the Company will provide Executive with (i) the Accrued Obligations and (ii) a lump sum cash payment in an amount equal to
$27,855.15, payable on the date of the expiration of the Employment Period, in order for Executive to pay for continued health coverage and/or obtain health coverage under a private insurance policy.” 

Except as expressly modified by the foregoing, all other terms, conditions and provisions of the Employment Agreement shall remain in full
force and effect. These amendments are effected pursuant to Section 10(f) of the Employment Agreement. This Section 6 shall be governed by and construed in accordance with Section 10(d) of the Employment Agreement
and any controversy or claim related to this Section 6 shall be conducted in accordance with Section 10(e) of the Employment Agreement. 

  
 4 

 Exhibit A 

TAX TREATMENT OF YOUR RESTRICTED STOCK GRANT 

The Grant Shares, if any, will be granted on the Grant Date. Restricted stock awards granted pursuant to the Plan are taxed in accordance with the rules of
section 83 of the Internal Revenue Code. Each employee who receives a restricted stock award is urged to discuss the income tax consequences of the award with his or her income tax advisor. A very general explanation of the applicable rules follows.

 The general tax rule is that you will recognize ordinary income equal to the fair market value of the Grant Shares when the restrictions lapse (i.e.,
when such shares become vested). However, you may accelerate your recognition of ordinary income to the tax year in which your Grant Date occurs (in this case 2018) by filing an election under section 83(b) of the Internal Revenue Code. The section
83(b) election must be filed no later than 30 days after the Grant Date. If you timely file the section 83(b) election, you will recognize as ordinary income the fair market value of the stock on the Grant Date. You will not recognize any further
ordinary income when the restrictions on the award subsequently lapse. 
 When you sell your Grant Shares, the tax treatment will depend on whether you have
timely made an election under section 83(b) of the Internal Revenue Code. Under current Federal tax law, if you have made such a timely election and you sell your stock after it is vested and at least 12 months from the Grant Date, any gain from the
sale will be a long term capital gain. Any gain from a sale on or before this 12 month period will be a short-term capital gain. If you do not make a timely section 83(b) election, the holding period for long-term capital gain treatment on the sale
of your stock begins on the date the restrictions on your Grant Shares lapse. 
 Unless you make the section 83(b) election, dividends on the Grant Shares
will be taxed as ordinary income until such time as the restrictions lapse. If you make the section 83(b) election the dividends are taxable as dividends. 

The Company is required by law to withhold Federal, state or local taxes on any ordinary income attributable to your Grant Shares. If you make a section 83(b)
election, these taxes will be due and payable for the year in which the Grant Date occurs. If you do not make a section 83(b) election, these taxes will be due and payable for the year in which the restrictions on your Grant Shares lapse. Upon
determination by the Company of the year in which taxes are due and the amount of taxes required to be withheld, you are liable to the Company for the amount of taxes that must be withheld. You may satisfy this obligation by the methods set forth in
the Restricted Stock Agreement. 
 We must emphasize that if you want to make the section 83(b) election, which may be to your advantage if the stock rises
in value, you must do so by filing a form with the Internal Revenue Service Center with which you file your federal income tax return no later than 30 days after the Grant Date. Even though you timely make the section 83(b) election, you may not
sell the Grant Shares until the restrictions imposed on such stock lapse (i.e., the stock vests), and as otherwise provided in the Restricted Stock Grant Agreement. In addition, one copy of the election must be filed with the Company. 

If you make a section 83(b) election, the election may not be revoked. In addition, if you file such an election and the stock is subsequently forfeited, you
will not be entitled to a corresponding income tax deduction for the amount of income taxes that you paid as a result of making the section 83(b) election. You also will not be able to file for a refund of the income taxes. 

We urge you to talk with your individual tax advisor concerning the tax consequences of your Grant Shares. The Company and its employees do not make any tax
representations or recommendations. This general explanation is being provided simply to assist you in understanding the concepts before you meet with your individual advisor and shall not constitute any legal or tax advice.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00285-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00285-of-00352.parquet"}]]