Document:

Compensation Information for certain officers

 Exhibit 10.45 
 COMPENSATION INFORMATION FOR CERTAIN OFFICERS 
 The table below provides information regarding the 2007 annual base
salary and 2007 target cash bonus of the principal executive officer and principal financial officer of Kosan Biosciences Incorporated*. 
  

							
	 Executive Officer
	  	2007 Annual
Base Salary	  	2007 Target
Cash Bonus**	 
	 Robert G. Johnson, Jr., M.D., Ph.D.,
 President and Chief Executive Officer
	  	$	416,000	  	45	%
			
	 Gary S. Titus,
 Senior Vice President and Chief Financial Officer
	  	$	312,000	  	35	%

	*	This table includes all of the named executive officers (as defined under applicable securities laws) of Kosan Biosciences Incorporated 

  

	**	Target cash bonus is based on 100% achievement of corporate and, if applicable, individual objectives. Actual bonus payments may represent a higher or lower percentage of the
officer’s 2007 annual base salary, depending on the extent to which actual performance meets, exceeds or falls short of the specified corporate objectives and applicable individual performance objectives, as determined by the Compensation
Committee in its discretion.Summary of 2007 Executive Officer Cash Bonus Plan

 Exhibit 10.46 
 Summary of 2007 Executive Officer Cash Bonus Plan 
 Overview and Purpose 
 This plan (the “2007 Bonus Plan”) was adopted by the Compensation Committee of the Board of Directors (the “Compensation Committee”) of Kosan
Biosciences Incorporated (the “Company”) on December 18, 2006 and is designed to offer incentive compensation to the Chief Executive Officer and Senior Vice Presidents of the Company by rewarding achievement of specifically measured
corporate goals and, if applicable, individual goals. 
 Administration 
 The 2007 Bonus Plan will be administered by the Compensation Committee. The Compensation Committee will be responsible for approving, or recommending to the Board of Directors for approval, any incentive awards to
executive officers of the Company, including any incentive awards to the Chief Executive Officer. 
 Eligibility 
 The Chief Executive Officer and Senior Vice Presidents of the Company are eligible to participate in the 2007 Bonus Plan. 
 Corporate and Individual Performance 
 The Compensation Committee
intends to approve in early 2007 the Company’s corporate objectives for 2007. Each participant other than the Chief Executive Officer will also be subject to key individual performance objectives. The 2007 Bonus Plan provides for the
payment of cash bonuses to participants if corporate and, other than with respect to the Chief Executive Officer, individual performance criteria are achieved during 2007. The actual bonuses payable for 2007 (if any) will vary depending on the
extent to which actual performance meets, exceeds or falls short of the specified corporate objectives and, other than with respect to the Chief Executive Officer, applicable individual performance objectives approved by the Compensation Committee,
as determined by the Compensation Committee in its discretion, and on the level of the Company’s then current or anticipated cash reserves. The Company’s Board of Directors or the Compensation Committee reserves the right to modify the
corporate or individual performance objectives at any time based on business changes during the year. 
 Target Cash Bonus Amount 
 The 2007 Bonus Plan provides a target cash bonus amount for the Chief Executive Officer and each Senior Vice President of the Company, expressed as a percentage of 2007
base salary for each participant.Letter Agreement between Environmental Power Corporation and Joseph E. Cresci

 Exhibit 10.1 
 [Letterhead of Environmental Power Corporation] 
 December 19, 2006 
 Mr. Joseph E. Cresci 
 c/ o Environmental Power Corporation 
 One Cate Street, 4th Floor

 Portsmouth, NH 03801 
 Dear Joe: 
 The purpose of this letter is to set forth our understanding regarding your compensation for consulting services rendered by you to Environmental Power Corporation (the
“Corporation”) since September 30, 2006, the date on which your Consulting Agreement, dated July 17, 2006 (the “Consulting Agreement”), expired, as well as compensation for services expected to be rendered by you
through December 31, 2006. 
 In consideration of your services in connection with the recently completed bond financing in Texas, as well as your
continued services in connection with certain legislative initiatives through the end of this year, the Corporation will pay you the following amounts: 
  

	 	•	 	$41,666.66 in respect of services rendered for the month of October 2006; 

  

	 	•	 	$30,000.00 in respect of services rendered for the month of November 2006; and 

  

	 	•	 	$25,000.00 in respect of services rendered for the month of December 2006. 

 These amounts will be paid to you in a lump sum on January 2, 2007 following the completion of your service through December 2006. 
 If the
foregoing accurately sets forth your understanding of the agreement between you and the Corporation with regard to the subject matter of this letter, please so indicate by executing a copy of this letter where indicated below and returning it to me.

  

	
	Very truly yours,
	
	 /s/ Richard E. Kessel

	Richard E. Kessel
	President and Chief Executive Officer
	Environmental Power Corporation
	
	ACCEPTED:
	
	 /s/ Joseph E. Cresci

	Joseph E. Cresci

 Dated: December 19, 2006Second Amended and Restated Master Repurchase Agreement

 Exhibit 10.1 
 EXECUTION 
 WAIVER AND THIRD AMENDMENT TO 
 SECOND AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT 
 GOVERNING PURCHASES
AND SALES OF MORTGAGE LOANS 
 This Waiver and Third Amendment, dated as of December 19, 2006 (this “Amendment”),
to the Second Amended and Restated Master Repurchase Agreement Governing Purchases and Sales of Mortgage Loans, dated as of December 29, 2004 and amended as of December 28, 2005 and further amended as of October 31, 2006 (as amended,
the “Repurchase Agreement”), is made by and among LEHMAN BROTHERS BANK, FSB (“Buyer”), FIELDSTONE INVESTMENT CORPORATION (“FIC”) and FIELDSTONE MORTGAGE COMPANY (“FMC”) (FIC and FMC
shall be individually and collectively referred to as “Seller”). Buyer, FMC and FIC may be collectively referred to herein as the “Parties”. 
 RECITALS 
 WHEREAS, pursuant to the Repurchase Agreement, Buyer has
agreed, subject to the terms and conditions set forth in the Repurchase Agreement, to purchase certain Mortgage Loans owned by Seller, including, without limitation, all rights of Seller to service and administer such Mortgage Loans; 
 WHEREAS, Buyer has agreed to waive compliance with the “Profitability” financial covenant for the fourth quarter of Seller’s fiscal year
ending December 31, 2006; and 
 WHEREAS, the Parties desire to amend the Repurchase Agreement as set forth herein. 
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows:

 Section 1. Definitions. Capitalized terms used but not otherwise defined herein have the meanings given them in the Repurchase
Agreement. 
 Section 2. Amendments to Repurchase Agreement. Subject to Section 4 hereof, the Repurchase Agreement shall be
amended as follows: 
 (a) References in the Repurchase Agreement to “this Agreement” or words of similar import (including indirect
references to the Repurchase Agreement) shall, without limitation, be deemed to be references to the Repurchase Agreement as amended by this Amendment. 
 (b) Section 12(m) is hereby amended by deleting the “Profitability” financial covenant therein in its entirety and replacing it with the following: 

			
	Profitability	  	During the term of this Agreement, Seller shall not (i) during any fiscal quarter ending on or prior to September 30, 2006, have Net Income of less than $1.00 in any two consecutive
fiscal quarters without regard to unrealized gains or losses from Hedges during such period, (ii) for the fiscal quarter ending on December 31, 2006, have Net Income of less than negative $47,000,000 (i.e., a loss of more than $47,000,000)
without regard to unrealized gains or losses from Hedges during such period and (iii) from and after the fiscal quarter ending March 31, 2007, have Net Income of less than $1.00 in any two consecutive fiscal quarters without regard to
unrealized gains or losses from Hedges during such period; provided, that, Seller shall notify Buyer of any such unrealized gains or losses via the related compliance certificate.

 Section 3. Representations and Warranties. Seller hereby represents and warrants to Buyer
that (a) both immediately before and after giving effect to the amendments set forth in Section 2 of this Amendment, no Event of Default shall have occurred and be continuing, (b) the representations and warranties of Seller set forth
in Section 10 of the Repurchase Agreement are true and complete as if made on and as of such date and as if each reference in said Section 10 to “this Agreement” included reference to the Repurchase Agreement as amended hereby,
(c) this Amendment constitutes the legal, valid and binding obligation of Seller, enforceable against Seller in accordance with its terms and (d) the execution and delivery by Seller of this Amendment has been duly authorized by all
requisite corporate action on the part of Seller and will not violate any provision of Seller’s organizational documents. 
 Section 4.
Conditions Precedent. The amendments set forth in Section 2 above shall not become effective unless, on or before December 19, 2006, Buyer shall have received all of the following documents, each of which shall be satisfactory in
form and substance to Buyer and its counsel: 
 (a) Amendment. This Amendment, duly completed, executed and delivered by Seller;

 (b) Other Documents. Such other documents as Buyer may reasonably request. 
 Section 5. Miscellaneous. 
 (a) Except
as expressly amended by Section 2 hereof, the Repurchase Agreement remains unaltered and in full force and effect. Each of the Parties hereby reaffirms all terms and covenants made in the Repurchase Agreement as amended hereby. 
 (b) The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of any Party under the
Repurchase Agreement, or any other document, instrument or agreement executed and/or delivered in connection therewith. 
 (c) THIS AMENDMENT
SHALL BE CONSTRUED, INTERPRETED AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS PRINCIPLES THEREOF. 
 (d) This Amendment may be executed in any number of counterparts, and all such counterparts shall together constitute the same agreement. Any signature delivered by a party via facsimile shall be deemed to be an original signature hereto.

 [SIGNATURE PAGE TO FOLLOW] 
  

 -2- 

 IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be executed as of the day and year
first above written. 
  

			
	SELLER:
	
	FIELDSTONE MORTGAGE COMPANY
		
	By:	 	/s/ Mark C. Krebs
	Name:	 	Mark C. Krebs
	Title:	 	Senior Vice President and Treasurer
	
	FIELDSTONE INVESTMENT CORPORATION
		
	By:	 	/s/ Mark C. Krebs
	Name:	 	Mark C. Krebs
	Title:	 	Senior Vice President and Treasurer
	
	BUYER:
	
	LEHMAN BROTHERS BANK, FSB
		
	By:	 	/s/ Fred C. Madomma
	Name:	 	Fred C. Madomma
	Title:	 	Authorized Signature

 Waiver and Third Amendment to 
 Second Amended and Restated Master Repo 
  

 S-1

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