Document:

Amendment No. 2 to Limited Guaranty

 Exhibit 10.2 
  
 EXECUTION COPY 
  
 AMENDMENT NO. 2 
 TO LIMITED GUARANTY

  
 Amendment No. 2, dated as of January 24, 2005 (this
“Amendment”), by and between BEAR STEARNS MORTGAGE CAPITAL CORPORATION (the “Buyer”) and HOMEBANC CORP. (the “Limited Guarantor”). 
  
 RECITALS 
  
 The Limited Guarantor has made a Limited Guaranty in favor of Buyer pursuant to that certain Limited Guaranty, dated as of June 7, 2004 as amended by
Amendment No. 1, dated as of June 25, 2004 (the “Existing Limited Guaranty”; as amended by this Amendment, the “Limited Guaranty”). Capitalized terms used but not otherwise defined herein shall have the meanings
given to them in the Existing Limited Guaranty. 
  
 The Limited
Guarantor and the Buyer have agreed, subject to the terms and conditions of this Amendment, that the Existing Limited Guaranty be amended to reflect certain agreed upon revisions to the terms of the Existing Limited Guaranty. 
  
 Accordingly, the Buyer and the Limited Guarantor hereby agree, in
consideration of the mutual promises and mutual obligations set forth herein, that the Existing Limited Guaranty is hereby amended as follows: 
  
 SECTION 1. Financial Covenants. Section 10(e)(i) of the Existing Limited Guaranty is hereby amended by deleting subclause (E) in its entirety and
replacing it with the following: 
  
 “(A) Maintenance of
Net Income. The Limited Guarantor (i) shall not permit, 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) shall not permit, 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) shall not permit, 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) shall maintain 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.” 
  
 SECTION 2. Conditions
Precedent. This Amendment shall become effective as of December 31, 2004 (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 and the Limited Guarantor; 

 (b) Amendment No. 4 to Repurchase Agreement, executed and delivered by duly authorized
officers of the Buyer and the Sellers; and 
  
 (c) such other documents as the Buyer or counsel to the Buyer may reasonably request. 
  
 SECTION 3. Representations and Warranties. The Limited Guarantor 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 Limited Guaranty 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 10 of
the Existing Limited Guaranty. 
  
 SECTION 4. Fees. The
Limited Guarantor 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 confidentially 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 Limited Guaranty 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 Limited Guaranty, the provisions of this Amendment shall control. 
  
 SECTION 10. Reaffirmation of Limited Guaranty. The Limited Guarantor hereby ratifies and affirms all of the terms, covenants, conditions and obligations of the Limited Guaranty and acknowledges and agrees that
such Limited Guaranty shall apply to all of the Obligations under the Master Repurchase Agreement, as amended on the date hereof and as it may be further amended, modified and in effect, from time to time. 
  
 [SIGNATURE PAGE FOLLOWS] 
  

 -2- 

 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 Friedman

	Name:	 	Paul Friedman
	Title:	 	Senior Vice President
	
	 HOMEBANC CORP.,
 as Limited
Guarantor

		
	By:	 	 /s/ James L. Krakau

	Name:	 	James L. Krakau
	Title:	 	Senior Vice President and TreasurerNon-Employee Director Cash Compensation Arrangements

 Exhibit 10.34 
  
 CONOR MEDSYSTEMS, INC. 
  
 NON-EMPLOYEE DIRECTOR CASH 
 COMPENSATION ARRANGEMENTS 
 (Effective January 19, 2005) 
  
 The following are the cash compensation arrangements for directors of Conor Medsystems, Inc. (the “Company”) who are not employees
of the Company. Directors who are employees of the Company do not receive compensation for their service on the Board and shall receive compensation only in their capacities as employees. The cash compensation arrangements are as follows:

  
 1. Each non-employee director is entitled to receive an
annual retainer fee of $20,000, plus a per meeting fee of $1,500. 
  
 2. Each member of the Audit Committee, Compensation Committee and Corporate Governance and Nominating Committee is entitled to receive, in addition to his or her Board compensation, a per meeting fee of $500. 
  
 3. The Chair of each committee of the Board is entitled to receive, in
addition to his or her Board compensation and committee attendance fees, an annual retainer as follow: Chair of the Audit Committee—$7,500; Chair of the Compensation Committee—$5,000; and Chair of the Corporate Governance and Nominating
Committee—$5,000. 
  

 1Amendment to Employment Letter Agreement

 Exhibit 10.35 
  
 January 19, 2005 
  
 Azin Parhizgar 
  
 Dear Azin: 
  
 This amendment to your offer
letter (“Amendment”) sets forth the severance benefits that Conor MedSystems, Inc. (the “Company”) is offering to you in connection with your continued employment with the Company. 
  
 1. Employment. Except as specifically provided herein, your employment
with the Company as its Chief Operating Officer will continue under the same terms and conditions currently in effect as set forth in your offer letter from the Company dated August 31, 2004, which is attached hereto as Exhibit A. Your employment
with the Company will continue to be on an at-will basis and this Amendment does not modify this at-will relationship. 
  
 2. Severance. 
  
 (a) Termination Without Cause. If at any time your employment with the Company is terminated without Cause (as defined below), and if you
sign a general release of all claims in a form acceptable to the Company and allow that release to become effective, then the Company will provide you with a consulting agreement containing the following terms (in addition to standard terms):

  
 (i) Consulting Period. You will serve as a consultant
for the Company for a twelve (12) month period immediately following the termination of your employment with the Company (the “Consulting Period”). During the Consulting Period, the Company will have the right to reasonably request you to
perform consulting services for the Company up to a maximum of ten (10) hours per week. 
  
 (ii) Consulting Fees. During the Consulting Period, the Company will pay you monthly consulting fees in an amount equal to fifty percent (50%) of your monthly base salary in effect as of your last day of
employment with the Company. The Company will issue you a Form 1099 for the payments, and thus the payments will not be subject to payroll deductions or withholdings. 
  
 (iii) Stock Options. Any stock options that you were granted by the Company will continue to vest during the
Consulting Period, subject to the terms and conditions of the applicable plan documents, stock option agreement(s) and grant notice(s). 
  
 The severance benefits set forth in this paragraph 2(a) are intended to be in addition to any benefits that you may be eligible to receive in connection with a
termination without Cause under your Officer Agreement, and nothing herein is intended to supersede the Officer Agreement to the extent that Agreement also provides you with severance benefits. 
  
 (b) Termination With Cause or Resignation. If at any time your
employment with the Company is terminated with Cause, or you resign from your employment 

 Azin Parhizgar 
 Page 2

  
 with the Company, then you will not be eligible for any severance benefits,
including those set forth herein, with the exception of any severance benefits that you may be eligible to receive under your Officer Agreement. 
  
 (c) Definition of Cause. For purposes of this Amendment, “Cause” shall mean any one or more of the following (i) your material failure to
perform your assigned duties or responsibilities (other than a material failure resulting from a disability) after notice thereof from the Company describing your failure to perform such duties or responsibilities and your failure to cure such
failure within thirty (30) days of such notice; (ii) your refusal or failure to follow the lawful and reasonable directions of the Board or individual to whom you report, which refusal or failure is not cured within thirty (30) days following
delivery of a written notice of such conduct to you; (iii) your engaging in any act of dishonesty, fraud or misrepresentation, which results or is intended to result in material harm to the Company’s business; (iv) your violation of any federal
or state law or regulation applicable to the Company’s business; (v) your breach of any confidentiality agreement, invention assignment agreement or any other contract or agreement between you and the Company; or (vi) your conviction of, or
plea of nolo contendere to, any felony involving fraud, dishonesty or moral turpitude. 
  
 3. Miscellaneous. This Amendment, including Exhibit A, constitutes the complete, final and exclusive embodiment of the entire agreement between you and the Company with regard to this subject matter. It is
entered into without reliance on any promise or representation, written or oral, other than those expressly contained herein, and it supersedes any other such promises, warranties or representations. This Amendment may not be modified or amended
except in a writing signed by both you and a duly authorized officer of the Company. This Amendment shall be deemed to have been entered into and shall be construed and enforced in accordance with the laws of the State of California as applied to
contracts made and to be performed entirely within California. 
  
 If this
Amendment is acceptable to you, please sign below and return the original to me. 
  

	
	 Very truly yours,

	
	 /s/ FRANK LITVACK

	 Frank Litvack

	 Chief Executive Officer

 Azin Parhizgar 
 Page 3

  
 UNDERSTOOD AND ACCEPTED:

  

	
	 /s/ AZIN PARHIZGAR

	 Azin Parhizgar

	
	             1/19/05

	 Date

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