Document:

Amendment to Sales Equity Incentive Plan

 Exhibit 10.4 
  
 AMENDMENT TO THE HOMEBANC CORP. 
 SALES EQUITY INCENTIVE PLAN 
  
 This Amendment to the HomeBanc Corp. Sales Equity Incentive Plan (the “Plan”) is hereby adopted this 11th day of July, 2005, by HomeBanc Corp. (the “Company”). 
  
 Pursuant to a resolution of the Compensation Committee of the Board of
Directors of the Company, in accordance with Article 9 of the Plan, the Plan is hereby amended as follows: 
  

	 	1.	By deleting the words “first business day” in the definition of “Grant Date” with respect to the applicable day following the end of the service period upon
which shares of restricted stock shall be granted and replacing them with “last business day of the month.” 

  

	 	2.	By deleting the words “four (4) years” in Section 3.2 with respect to the term of the Plan and replacing them with “ten (10) years” to correct a scrivener’s
error in the document and to correctly state that the Plan’s termination date of April 12, 2015 is ten years after the date the Plan was originally adopted. 

  

	 	3.	By deleting the words “first business day of the first quarter of 2006” in Section 6.2 with respect to the applicable day following the end of the service period upon
which shares of restricted stock shall be granted and replacing them with “last business day of January 2006.” 

  

	 	4.	By adding the following new sentences to the end of Section 6.2: 

  
 “Except as otherwise provided in a Restricted Stock Certificate, a Participant shall have all of the rights of a shareholder with
respect to the Restricted Stock. Notwithstanding the preceding sentence, if and when dividends or distributions are paid with respect to the Company’s Stock, no dividends or distributions shall be paid to Participants with respect to Restricted
Stock, but instead a book-keeping account shall be established for each Participant, and such book-keeping account shall be credited with an amount equal to the dollar amount or fair market value of dividends or distributions payable with respect to
that number of Shares of Restricted Stock held immediately prior to such dividend or distribution. When Shares of Restricted Stock vest and the restrictions imposed under this Section 6.2 lapse, the amount of dividends credited to such book-keeping
account associated with such Shares shall be released and paid to the Participant.” 
  

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	 	5.	By adding the following clause to the end of the last sentence of Section 6.3: 

  
 “, and the amount of dividends credited to the Participant’s account associated with such
forfeited Shares shall be forfeited and revert to the Company.” 
  

	 	6.	Except as specifically set forth herein, the terms of the Plan shall remain in full force and effect as prior to this amendment. 

  
 IN WITNESS WHEREOF, the Company has caused this Amendment to be executed by
its duly authorized officer as of the date first above written. 
  

			
	HOMEBANC CORP.
		
	By:	 	 /s/ Charles W. McGuire

	Name:	 	Charles W. McGuire
	Title:	 	Executive Vice President,
	 	 	General Counsel and Secretary

  

 -2-Amendment No. 6 to Master Repurchase Agreement

 Exhibit 10.5 
  
 EXECUTION VERSION 
  
 AMENDMENT NO. 6 
 TO MASTER REPURCHASE
AGREEMENT 
  
 Amendment No. 6, dated as of July 13, 2005 (this
“Amendment”), by and among JPMORGAN CHASE BANK, NATIONAL ASSOCIATION (the “Buyer”), ABETTERWAYHOME FINANCE, LLC (“Finance”) and HOMEBANC FUNDING CORP. (“Funding” and together with
Finance, the “Seller”). 
  
 RECITALS

  
 The Buyer and the Seller are parties to that certain Master
Repurchase Agreement, dated as of March 8, 2004, Amendment No. 1 and Joinder dated as of June 7, 2004, Amendment No. 2, dated as of June 24, 2004, Amendment No. 3, dated as of July 12, 2004, Amendment No. 4, dated as of October 12, 2004 and
Amendment No. 5, dated as of December 27, 2004 (the “Existing Repurchase Agreement”; as amended by this Amendment, the “Repurchase Agreement”). Capitalized terms used but not otherwise defined herein shall have the
meanings given to them in the Existing Repurchase Agreement. 
  
 The Buyer and the Seller have agreed, subject to the terms and conditions of this Amendment, that the Existing Repurchase Agreement be amended to reflect certain agreed upon revisions to the terms of the Existing Repurchase Agreement.

  
 Accordingly, the Buyer and the Seller hereby agree, in
consideration of the mutual promises and mutual obligations set forth herein, that the Existing Repurchase Agreement is hereby amended as follows: 
  
 SECTION 1. Definitions. Section 2 of the Existing Repurchase Agreement is hereby amended by deleting the definition of “Termination Date”
in its entirety and replacing it with the following language: 
  
 “Termination Date” shall mean July 12, 2006. 
  
 SECTION 2. Conditions Precedent. This Amendment shall become effective on the date hereof (the “Amendment Effective Date”) subject to the satisfaction of the following conditions precedent: 
  
 2.1 Delivered Documents. On the Amendment Effective Date, the Buyer
shall have received the following documents, each of which shall be satisfactory to the Buyer in form and substance: 
  
 (a) this Amendment, executed and delivered by duly authorized officers of the Buyer, Finance and Funding; and 
  
 (b) such other documents as the Buyer or counsel to the
Buyer may reasonably request. 

 SECTION 3. Representations and Warranties. Finance and Funding each hereby represents and warrants
to the Buyer that it is in compliance with all the terms and provisions set forth in the Existing Repurchase Agreement on its part to be observed or performed, and that no Event of Default has occurred or is continuing, and each hereby confirms and
reaffirms the representations and warranties contained in Section 11 of the Existing Repurchase Agreement. 
  
 SECTION 4. Limited Effect. Except as expressly amended and modified by this Amendment, the Existing Repurchase Agreement shall continue to be, and
shall remain, in full force and effect in accordance with its terms. 
  
 SECTION 5. Fees. Finance and Funding agree to pay as and when billed by the Buyer all of the reasonable fees, disbursements and expenses of counsel to the Buyer in connection with the development, preparation and execution of, this
Amendment or any other documents prepared in connection herewith and receipt of payment thereof shall be a condition precedent to the Buyer entering into any Transaction pursuant hereto. 
  
 SECTION 6. Confidentiality. The parties hereto acknowledge that this Amendment, the Existing Repurchase Agreement,
and all drafts thereof, documents relating thereto and transactions contemplated thereby are confidential in nature and the Sellers agree that, unless otherwise directed by a court of competent jurisdiction, they shall limit the distribution of such
documents and the discussion of such transactions to such of its officers, employees, attorneys, accountants and agents as is required in order to fulfill its obligations under such documents and with respect to such transactions. 
  
 SECTION 7. GOVERNING LAW. THIS AMENDMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
  
 SECTION 8. Counterparts. This Amendment may be executed in one or more counterparts and by different parties hereto
on separate counterparts, each of which, when so executed, shall constitute one and the same agreement. 
  
 SECTION 9. Conflicts. The parties hereto agree that in the event there is any conflict between the terms of this Amendment, and the terms of the
Existing Repurchase Agreement, the provisions of this Amendment shall control. 
  
 [SIGNATURE PAGE FOLLOWS] 
  

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 IN WITNESS WHEREOF, the parties have caused their names to be signed hereto by their respective officers
thereunto duly authorized as of the day and year first above written. 
  

			
	 JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
 as Buyer

		
	By:	 	 /s/ Jonathan Davis

	Name:	 	 Jonathan Davis

	Title:	 	Vice President
	
	 ABETTERWAYHOME FINANCE, LLC
 as
Seller

		
	By:	 	 /s/ James L. Krakau

	Name:	 	James L. Krakau
	Title:	 	Manager
	
	 HOMEBANC FUNDING CORP.,
 as
Seller

		
	By:	 	 /s/ James L. Krakau

	Name:	 	James L. Krakau
	Title:	 	ManagerAmendment No. 5 to Master Repurchase Agreement

 Exhibit 10.6 
  
 AMENDMENT NO. 5 
 TO MASTER REPURCHASE AGREEMENT 
  
 Amendment No. 5
dated as of July 13, 2005 (this “Amendment”), by and between BEAR STEARNS MORTGAGE CAPITAL CORPORATION (the “Buyer”), ABETTERWAYHOME FINANCE, LLC II (“Finance”) and HOMEBANC FUNDING CORP. II
(“Funding” and, together with Finance, the “Seller”). 
  
 RECITALS 
  
 The Buyer and
the Seller are parties to that certain Master Repurchase Agreement, dated as of April 29, 2004 and as amended by Amendment No. 1 and Joinder dated as of June 7, 2004, Amendment No. 2 dated as of June 25, 2004, Amendment No. 3 dated as of December
27, 2004 and Amendment No. 4 dated as of January 24, 2005 (the “Existing Repurchase Agreement”; as amended by this Amendment, the “Repurchase Agreement”). Capitalized terms used but not otherwise defined herein
shall have the meanings given to them in the Existing Repurchase Agreement. 
  
 The Buyer and the Seller have agreed, subject to the terms and conditions of this Amendment, that the Existing Repurchase Agreement be amended to reflect certain agreed upon revisions to the terms of the Existing
Repurchase Agreement. 
  
 Accordingly, the Buyer and the Seller
hereby agree, in consideration of the mutual promises and mutual obligations set forth herein, that the Existing Repurchase Agreement is hereby amended as follows: 
  
 SECTION 1. Definitions. Section 2 of the Existing Repurchase Agreement is hereby amended by deleting the definition
of “Termination Date” in its entirety and replacing it with the following: “Termination Date” shall mean September 12, 2005 or such later date as to which Buyer, Finance and Funding shall agree in writing. 
  
 SECTION 2. Conditions Precedent. This Amendment shall become effective
as of July 14, 2005 (the “Amendment Effective Date”) subject to the satisfaction of the following conditions precedent: 
  
 2.1 Delivered Documents. On the Amendment Effective Date, the Buyer shall have received the following documents, each of which shall be
satisfactory to the Buyer in form and substance: 
  
 (a) this Amendment, executed and delivered and duly authorized officers of the Buyer, Finance and Funding; and 
  
 (b) such other documents as the Buyer or counsel to the Buyer may reasonably request. 
  
 SECTION 3. Representations and Warranties. Each of Finance and Funding
hereby represents and warrants to the Buyer that after giving effect to this Amendment it is in 
  

 compliance with all the terms and provisions set forth in the Existing Repurchase Agreement on its part to be observed or
performed, and that no Event of Default has occurred or is continuing, and hereby confirms and reaffirms the representations and warranties contained in Section 11 of the Existing Repurchase Agreement. 
  
 SECTION 4. Fees. The Seller agrees to pay as and when billed by the
Buyer all of the reasonable fees, disbursements and expenses of counsel to the Buyer in connection with the development, preparation and execution of, this Amendment or any other documents prepared in connection herewith and receipt of payment
thereof shall be a condition precedent to the Buyer entering into any Transaction pursuant hereto. 
  
 SECTION 5. Confidentiality. The parties hereto acknowledge that the confidentiality provisions set forth in Section 29 of the Repurchase Agreement
shall apply to this Amendment. 
  
 SECTION 6. Limited
Effect. Except as expressly amended and modified by this Amendment, the Existing Repurchase Agreement shall continue to be, and shall remain, in full force and effect in accordance with its terms. 
  
 SECTION 7. GOVERNING LAW. THIS AMENDMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
  
 SECTION 8. Counterparts. This Amendment may be executed in one or more counterparts and by different parties hereto
on separate counterparts, each of which, when so executed, shall constitute one and the same agreement. 
  
 SECTION 9. Conflicts. The parties hereto agree that in the event there is any conflict between the terms of this Amendment, and the terms of the
Existing Repurchase Agreement, the provisions of this Amendment shall control. 
  
 [SIGNATURE PAGE FOLLOWS] 
  

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 IN WITNESS WHEREOF, the parties have caused their names to be signed hereto by their respective officers
thereunto duly authorized as of the day and year first above written. 
  

			
	BEAR STEARNS MORTGAGE CAPITAL CORPORATION,
	 as Buyer

		
	 By:
	 	 /s/ Paul M. Friedman

	 Name:
	 	Paul M. Friedman
	 Title:
	 	 Sr. Managing Director

	
	 ABETTERWAYHOME FINANCE, LLC II

	 as Seller

		
	 By:
	 	 /s/ James L. Krakau

	 Name:
	 	James L. Krakau
	 Title:
	 	 Manager

	
	 HOMEBANC FUNDING CORP. II,

	 as Seller

		
	 By:
	 	 /s/ James L. Krakau

	 Name:
	 	James L. Krakau
	 Title:
	 	Manager

  

 EXHIBIT A TO AMENDMENT NO. 4 TO MASTER REPURCHASE AGREEMENT 
  
 Exhibit VIII 
  
 Limited Guarantor’s Officer’s Certificate 
  
 I,
                    , do hereby certify that I am duly elected, qualified and authorized officer of HomeBanc Corp. (the “Limited
Guarantor”). This Certificate is delivered to you in connection with Section 12(d)(iv) of the Master Repurchase Agreement dated as of April 29, 2004, among Seller and Bear Stearns Mortgage Capital Corporation (the
“Agreement”). I hereby certify that, as of the date of the financial statements attached hereto and as of the date hereof, the Limited Guarantor is and has been in compliance with all the terms of the Agreement and, without limiting
the generality of the foregoing, I certify that: 
  
 (i) Maintenance of Tangible Net Worth. The Limited Guarantor has maintained a Tangible Net Worth of not less than $180,000,000 plus 85% of the net proceeds of any issuance of common or preferred shareholder equity after the
completion of the IPO. 
  
 (ii) Maintenance of
Ratio of Total Liabilities to Tangible Net Worth. The Limited Guarantor has maintained the ratio of Total Liabilities to Tangible Net Worth no greater than 18:1. 
  
 (iii) Maintenance of Ratio of Total Recourse Liabilities to Adjusted Tangible Net Worth. The Limited
Guarantor has maintained the ratio of Adjusted Total Recourse Liabilities to Adjusted Tangible Net Worth no greater than 6:1. 
  
 (iv) Maintenance of Liquidity. The Limited Guarantor has maintained, as of the end of each calendar month, Liquidity in an amount
not less than $25,000,000. 
  
 (v) Maintenance
of Net Income. The Limited Guarantor (i) has not permitted, for the calendar quarter ending March 31, 2005, Net Income (on a consolidated basis) for such calendar quarter, to be a loss greater than $15 million; (ii) has not permitted, for the
calendar quarter ending June 30, 2005, Net Income (on a consolidated basis) for such calendar quarter, to be a loss greater than $10 million; (iii) has not permitted, for the calendar quarter ending September 30, 2005, Net Income (on a consolidated
basis) for such calendar quarter, to be a loss greater than $5 million and (iv) has maintained Net Income (on a consolidated basis) of at least (A) for the calendar quarter ending December 31, 2005, $1.00 and (B) for every two consecutive calendar
quarters thereafter, $2.00.” 
  

 (vi) No Default or Event of Default has occurred or is continuing. [If any Default or
Event of Default has occurred and is continuing, Seller shall describe the same in reasonable detail and describe the action the Seller has taken or proposes to take with respect thereto.] 
  
 IN WITNESS WHEREOF, I have set my hand this      day of
            ,             . 
  

			
	 By:
	 	  

	Name:	 	 
	Title:	 	 

  

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 [Schedule 1] 
  
 [to Officer’s Certificate] 
  

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