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Exhibit 10.25    
    

 
 

FIRST AMENDMENT    
    
    TO THE    
    
    COUNTRYWIDE CREDIT INDUSTRIES, INC.    
    
    STOCK OPTION FINANCING PLAN AS AMENDED AND RESTATED    
    

        Countrywide Credit Industries, Inc. (the "Company") established the Countrywide Credit Industries, Inc. Stock Option Financing Plan (the "Plan") to
retain and encourage the performance of key employees and directors. Paragraph (c) of Section 5 provides for the setting of the interest rate by the Board of Directors. The Company
desires to amend paragraph (c) of Section 5 to provide for an interest rate equal to the "applicable federal rate." 

        The
Board of Directors has approved this First Amendment to the Plan at its meeting held on July 13, 1994. 

        1.     Paragraph (c)
of Section 5 is amended in its entirety to read as follows: 

        "(c)
Interest. The Promissory Note shall bear interest at a rate equal to the applicable federal rate as defined in section 1274(d) of the Internal Revenue Code of 1986, as
amended, as in effect for the month in which the loan is made. Loans with four-year terms shall bear interest at the published mid-term rate, and loans with
ten-year terms shall bear interest at the published long-term rate." 

        IN
WITNESS WHEREOF, the Company has caused this First Amendment to be executed by its duly authorized officer as of this 25th day of July, 1994. 

	 	 	Countrywide Credit Industries, Inc.
	

 	
 	

By:	

/s/ Sandor E. Samuels
 Sandor E. Samuels

Managing Director

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Exhibit 10.25

FIRST AMENDMENT TO THE COUNTRYWIDE CREDIT INDUSTRIES, INC. STOCK OPTION FINANCING PLAN AS AMENDED AND RESTATEDQuickLinks
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Exhibit 10.26    
    

 
 

SECOND AMENDMENT    
    
    TO THE    
    
    COUNTRYWIDE CREDIT INDUSTRIES, INC.    
    
    STOCK OPTION FINANCING PLAN AS AMENDED AND RESTATED    
    

        Countrywide Credit Industries, Inc. (the "Company") established the Countrywide Credit Industries Stock Option Financing Plan (the "Plan") to retain and
encourage the performance of key employees and directors. Paragraph (a) of Section 5 provides for a maximum principal amount that may be borrowed by directors and employees.
Paragraph (e) of Section 7 provides for the administration of the Plan in accordance with applicable law including "Margin Regulations" as defined in the Plan. The Company desires to
amend paragraphs 5(a) and 7(e) to ensure equality of treatment for all employees. 

        The
Compensation Committee of the Board of Directors at its meeting held on May 4, 1995 recommended that this Second Amendment be brought before the stockholders. This Second
Amendment was approved by the stockholders at the Company's annual meeting on July 12, 1995. 

        1.     Paragraph (a)
of Section 5 is amended in its entirety to read as follows: 

        "(a)
Maximum Principal Amount. The maximum principal amount of any loan to a Recipient who is an employee of the Company at the time of such loan is 100% of the exercise price of the
options to purchase Common Stock exercised with the proceeds of such loan. The maximum principal amount of any loan to a Recipient who is a director who is not also an employee of the Company at the
time of such loan is 50% of the market price at the time the loan is made of the Common Stock purchased
with the proceeds of such loan. Notwithstanding the foregoing, the maximum principal amount may be adjusted to such greater or lesser percentage as may be permitted under applicable law at the time
the loan is made." 

        2.     Paragraph (e)
of Section 7 is amended in its entirety to read as follows: 

        "(e)
Compliance with Law. The Financing Plan shall be administered in accordance with applicable law, including the applicable regulations of the Federal Reserve Board relating to margin
securities (the "Margin Regulations"). The Company shall make all filings required by the Margin Regulations or otherwise in connection with the Financing Plan." 

        IN
WITNESS WHEREOF, the Company has caused this Second Amendment to be executed by its duly authorized officer as of this 26th day of July, 1995 

	 	 	Countrywide Credit Industries, Inc.
	

 	
 	

By:	

/s/ Sandor E. Samuels
 Sandor E. Samuels

Managing Director

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Exhibit 10.26

SECOND AMENDMENT TO THE COUNTRYWIDE CREDIT INDUSTRIES, INC. STOCK OPTION FINANCING PLAN AS AMENDED AND RESTATEDQuickLinks
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Exhibit 10.51    
    

        AMENDMENT made this 1st day of November, 2007 to the [Option Agreement
Name] ("Option Agreement") dated [2004 Grant Date] between Countrywide Financial Corporation
(the "Company") and you (the "Optionee"). 

W  I  T  N  E  S  S  E  T  H:  

        WHEREAS, the Optionee and the Company have previously entered into the Option Agreement; and 

        WHEREAS, the Optionee and the Company desire to extend the exercise term of the Option Agreement as described below. 

        NOW, THEREFORE, the Optionee and the Company agree to amend the Option Agreement, effective November 1, 2007, as follows: 

        1.     The
last sentence of Section 1 of the Option Agreement is amended in its entirety to read as follows: 

        "The
Option shall expire at 5:00 p.m., central time, on the seventh anniversary of the Grant Date (the "Expiration Date"). 

        2.     As
amended by this Amendment, the Option Agreement shall remain in full force and effect. 

        IN WITNESS WHEREOF, by signing below, the Optionee acknowledges acceptance of the terms and conditions of the Amendment and understanding
of the potential tax implications. 

	 	 	[Employee Name]:
	

 	
 	

    

	

 	
 	

Date:	

    

	

 	
 	

Employee ID:	

    

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Exhibit 10.52    
    

        AMENDMENT made this 1st day of November, 2007 to the [Option Agreement
Name] ("Option Agreement") dated [2005 Grant Date] between Countrywide Financial Corporation
(the "Company") and you (the "Optionee"). 

W  I  T  N  E  S  S  E  T  H:  

        WHEREAS, the Optionee and the Company have previously entered into the Option Agreement; and 

        WHEREAS, the Optionee and the Company desire to extend the exercise term of the Option Agreement as described below. 

        NOW, THEREFORE, the Optionee and the Company agree to amend the Option Agreement, effective November 1, 2007, as follows: 

        1.     The
last sentence of Section 1 of the Option Agreement is amended in its entirety to read as follows: 

        "The
Option shall expire at 5:00 p.m., central time, on the sixth anniversary of the Grant Date (the "Expiration Date"). 

        2.     As
amended by this Amendment, the Option Agreement shall remain in full force and effect. 

        IN WITNESS WHEREOF, by signing below, the Optionee acknowledges acceptance of the terms and conditions of the Amendment and understanding
of the potential tax implications. 

	 	 	[Employee Name]:
	

 	
 	

    

	

 	
 	

Date:	

    

	

 	
 	

Employee ID:	

    

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Exhibit 10.53    
    

 
 

COUNTRYWIDE FINANCIAL CORPORATION
  RESTRICTED STOCK AGREEMENT    
    

        This Restricted Stock Agreement ("Agreement") is made as of [Date], between COUNTRYWIDE
FINANCIAL CORPORATION, a Delaware corporation (the "Company"), and Name (the "Director"). 

        In
accordance with the Countrywide Financial Corporation 2000 Equity Incentive Plan (the "EIP") and the Countrywide Financial Corporation Non-Employee Directors' Fee Plan
(the "Fee Plan"), the Company has awarded to the Director [Shares] shares of the Company's common stock (the "Restricted
Shares") upon the terms and conditions described in this Agreement, the EIP and the Fee Plan. Capitalized terms not defined herein shall have the meaning ascribed to them in the EIP. 

	1.
	Grant of Restricted Shares of Common Stock.    This Agreement evidences the
Company's grant to the Director, on [Date], of [Shares]
Restricted Shares, subject to the provisions of this Agreement, the EIP and the Fee Plan. The number of Restricted Shares shall be subject to adjustment as provided in Section 6 hereof. The
Restricted Shares will be maintained on deposit with the Company or its agent.

	2.
	Release or Forfeiture of the Restricted Shares.
	(A)
	Subject
to the terms and conditions of the EIP, if the Director remains a director of the Company as of [One Year from Grant Date—less
1 day], then, as of the close of business, on such date, the Company shall release to the Director the Restricted Shares; provided however, that in the event
the Director becomes a Director Emeritus pursuant to the Company's Director Emeritus Program, then the Company shall release the Restricted Shares on the date the Director executes the Director
Emeritus Agreement.

	(B)
	Except
as provided in the immediately succeeding sentence, if the Director does not remain a director of the Company, or in the capacity of a Director Emeritus, through the applicable
Release Date indicated above, the Director shall forfeit all right, title and interest in and to that number of Restricted Shares which have not been released to him as of the date he no longer serves
as a director of the Company. Notwithstanding the foregoing, the Restricted Shares which have not previously become non-forfeitable and been released to the Director shall become
non-forfeitable and be released to the Director in the event of a Corporate Change or upon the termination of the Director's service as a director of the Company due to death or Disability
of the Director.

 

	3.
	Non-Transferability of Restricted Shares.    Until such time as a
Restricted Share is no longer subject to forfeiture as provided in paragraph 2 hereof, the Director shall not sell, assign, transfer, pledge, hypothecate, mortgage, encumber or dispose of any
such Restricted Share.

	4.
	Securities Laws.    The Director acknowledges that certain restrictions under
state or federal securities laws may apply with respect to the Restricted Shares granted to him pursuant to the Award. Specifically, Employee acknowledges that, to the extent he is an "affiliate" of
the Company (as that term is defined by the Securities Act of 1933), the Restricted Shares granted to him as a result of the Award are subject to certain trading restrictions under applicable
securities laws (including particularly the Securities and Exchange Commission's Rule 144). Employee hereby agrees to execute such documents and take such actions as the Company may reasonably
require with respect to state and federal securities laws and any restrictions on the resale of such shares which may pertain under such laws. 

1

 
	5.
	Legend.    Each certificate evidencing any of the Restricted Shares shall bear
a legend substantially as follows: 

"The
shares represented by this certificate are subject to restrictions on transfer and may not be sold, exchanged, transferred, pledged, hypothecated or otherwise disposed of except in accordance
with and subject to all of the terms and conditions of a certain Restricted Stock Agreement dated April 2, 2007, a copy of which the Company will furnish to the holder of this certificate upon
request and without charge." 

	6.
	Adjustment.    In the event of a Change in Capitalization (as hereinafter defined), the number of
shares of Restricted Stock granted hereunder shall be appropriately and equitably adjusted. For purposes hereof, "Change in Capitalization" shall mean any increase or reduction in the number of shares
of Common Stock outstanding, or any exchange of Common Stock for a different number or kind of shares or other securities of the Company by reason of a reclassification, recapitalization, merger,
consolidation, reorganization, stock dividend, stock split or reverse stock split, combination or exchange of shares or similar event. If by reason of a Change in Capitalization, the Director shall be
entitled to new, additional or different shares of Common Stock or securities, such new, additional or different shares shall thereupon be subject to all of the conditions which were applicable to the
Restricted Shares prior to such Change in Capitalization.

	7.
	Designation of Beneficiary.    The Director may file with the Company a written designation of a
beneficiary or beneficiaries under this Agreement and may from time to time revoke or amend any such designation. Any designation of a beneficiary under this Agreement shall be controlling over any
other disposition, testamentary or otherwise, provided, however, that if the Company is in doubt as to the entitlement of any such beneficiary to any Restricted Shares, the Company may determine to
recognize only the legal representative of the Director in which case the Company shall not be under any further liability to anyone.

	8.
	Stockholder Rights.    During the period that any Restricted Shares remain subject to forfeiture under
Section 2 hereof, the Director shall retain all rights of a stockholder of the Company with respect to such shares, including the right to vote such shares and the right to receive dividends
paid in respect of such shares.

	9.
	Withholding.    The Company shall have the right to require the Director (or if applicable, his
permitted assign, heir or Beneficiary) to remit to the Company an amount sufficient to satisfy any tax requirements prior to the delivery of any certificate or certificates for Restricted Shares under
this Agreement.

	10.
	Notices.    Any notice to be given under the terms of this Agreement shall be in writing and
addressed to the Company at its principal office in Calabasas, California, and to the Director at the address the Director may hereafter designate in writing. 

2

 

        IN WITNESS WHEREOF, the Company has caused this Agreement to be executed on its behalf by a duly authorized officer and Director has
executed this Agreement. 

	DIRECTOR:	 	COUNTRYWIDE FINANCIAL CORPORATION
	

    
 (Printed Name)	
 	

By:	

    
 Angelo Mozilo

Chairman, Chief Executive Officer and President
	    
 (Signature)	 	 	 
	

    
 (Address)	
 	

 	

 
	

    
 (City, State, Zip Code)	
 	

 	

 
	

    
 Date	
 	

 	

 

3

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Exhibit 10.53

COUNTRYWIDE FINANCIAL CORPORATION RESTRICTED STOCK AGREEMENT

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