Document:

exv10w1

Exhibit 10.1

Execution Version

TERMINATION, COOPERATION AND CONFIDENTIALITY AGREEMENT

     This Termination, Cooperation and Confidentiality Agreement (this “Agreement”) is
executed and delivered as of November 4, 2010 by and between Care Investment Trust Inc., a Maryland
corporation (the “Company”), and CIT Healthcare LLC, a Delaware limited liability company
(the “Manager”).

     WHEREAS, on June 27, 2007, the Company retained the Manager to manage the business and
investment affairs of the Company and its Subsidiaries and to perform services for the Company and
its Subsidiaries in the manner and on the terms set forth in the Original Management Agreement;

     WHEREAS, on September 30, 2008, the Company and the Manager entered into Amendment No. 1 to
the Original Management Agreement and concurrently entered into the Mortgage Purchase Agreement;

     WHEREAS, on January 15, 2010, the Company and the Manager further amended and restated the
Management Agreement as set forth in that certain Amended and Restated Management Agreement, to be
effective upon stockholder approval of the Plan of Liquidation;

     WHEREAS, pursuant to Section 10(b) of the Amended and Restated Management Agreement, the
Company may, at any time, initiate termination of the Amended and Restated Management Agreement by
providing a Company Termination Notice;

     WHEREAS, the Company intends that this Agreement shall be a Company Termination Notice for
purposes of Section 10(b) of the Amended and Restated Management Agreement, subject to the terms of
Section 2 herein;

     WHEREAS, the Company and the Manager are entering into the Joint Defense Agreement
simultaneously with execution of this Agreement;

     WHEREAS, the Company and the Manager wish to enter into this Agreement to set forth certain
agreements and understandings reached between the parties with respect to or in connection with
termination of the Amended and Restated Management Agreement.

     NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged and intending to be legally bound, the Company and the Manager hereby agree as
follows:

     1. Definitions. The following terms shall have the meanings set forth in this Section
1. Capitalized terms used but not defined herein shall have the meanings assigned to such terms in
the Amended and Restated Management Agreement.

“Action” means any demand, action, claim, counterclaim, suit, countersuit, arbitration,
inquiry, subpoena, proceeding or investigation by or before any court or grand jury, any
Governmental Entity or any arbitration or mediation tribunal.

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“Affiliate” means, when used with respect to a specified Person, any other Person or entity
that directly or indirectly, through one or more intermediaries, controls, is controlled by, or is
under common control with such specified Person. For the purposes of this definition, “control”,
when used with respect to any specified Person means the possession, directly or indirectly, of the
power to direct or cause the direction of the management and policies of such Person, whether
through the ownership of voting securities or other interests, by contract or otherwise. For the
avoidance of doubt, CIT and its each of its direct and indirect wholly-owned subsidiaries shall be
considered Affiliates of the Manager for purposes of this Agreement and the Joint Defense
Agreement.

“Amended and Restated Management Agreement” means the Amended and Restated Management
Agreement dated as of January 15, 2010 between the Company and the Manager.

“CIT” means CIT Group Inc.

“Company Books and Records” means any and all accounting and other legal and business
books, records, ledgers and files of the Company and its Subsidiaries, whether in printed, written
or electronic form.

“Company Proprietary Agreements” means any and all contracts, agreements or other
instruments executed by or on behalf of the Company.

“Company Proprietary Correspondence” means any and all correspondence, in electronic form
or otherwise, that (i) was sent or received by any of the individuals listed on Schedule 2
attached hereto (each a “Care Service Provider”) in the course of performing services to or
for the Company under the Amended and Restated Management Agreement or the Original Management
Agreement or in the course of fulfilling the Manager’s duties and obligations under the Amended and
Restated Management Agreement or the Original Management Agreement and (ii) relates to the business
of the Company. For the avoidance of doubt, Company Proprietary Correspondence shall not include
any correspondence sent or received by Care Service Providers in their capacities as employees or
consultants of the Manager that relate to the Company but were not sent or received by such
employees or consultants in the course of performing services to or for the Company under the
Amended and Restated Management Agreement or the Original Management Agreement or fulfilling the
Manager’s duties and obligations under the Amended and Restated Management Agreement or the
Original Management Agreement.

“Confidential Information” means all information, data or other material of or concerning a
Party and/or its Subsidiaries or Affiliates which, prior to or following the Termination Effective
Date, has been disclosed by a Party or its Subsidiaries or its Affiliates (the “Disclosing
Party”) to another Party or its Subsidiaries or Affiliates (the “Receiving Party”), in
written, oral (including by recording), electronic or visual form, or which the Receiving Party
otherwise has come into the possession of, in each case in connection with the Manager’s
performance of services to or on behalf of the Company pursuant to the Amended and Restated
Management Agreement or the
Original Management Agreement or pursuant to the access or other provisions of this Agreement or
the Joint Defense Agreement (except to the extent that such information can be shown to have been
(i) in the public domain through no fault of the Receiving Party or its Subsidiaries or Affiliates
in violation of this Agreement or (ii) lawfully acquired by the Receiving Party or its

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Subsidiaries
or Affiliates from other sources; provided, however, in the case of clause (ii)
that, to the Receiving Party’s knowledge, such furnishing sources did not provide such information
in breach of any confidentiality obligations). For the avoidance of doubt, Confidential
Information of a Party shall include (i) earnings reports and forecasts, economic analyses and
business plans, in each case relating to such Party, (ii) general market evaluations and surveys
relating to such Party’s business, (iii) financial, operating, financing and credit-related
information relating to such Party, (iv) specifications, ideas and concepts for products and
services developed by or for such Party, (v) internal codes, policies and procedures of such Party,
(vi) information, including credit-related information, relating to such Party’s customers or
potential customers (except to the extent the other Party has also had a credit relationship with
such customer and such credit-related information was obtained by the other Party as a result of or
in connection with the other Party’s credit relationship with the customer), (vii) computer
programs, algorithms, databases, compilations, data and technology supporting the foregoing owned
or licensed by such Party (viii) training materials and information of such Party, (ix) all other
know-how, methodology, procedures, techniques and trade secrets of such Party, and (x) in the case
of Manager, Manager Proprietary Correspondence.

“Governmental Entity” means any federal, state, local, municipal or other governmental
entity, authority, body, agency, commission, department, board, bureau or court, or any political
subdivision, whether domestic, foreign or multinational, exercising executive, legislative,
judicial, regulatory or administrative functions of or pertaining to government or any executive
official thereof.

“Joint Defense Agreement” means the Joint Defense Agreement between the Manager and the
Company of even date herewith.

“Law” means any federal, state, local, municipal or similar statute, law, ordinance,
regulation, rule, code, order, requirement or rule of law (including common law).

“Manager Proprietary Correspondence” means any and all correspondence, in electronic form
or otherwise, that (i) is sent or received by employees of the Manager or consultants retained by
the Manager and (ii) is not Company Proprietary Correspondence.

“Mortgage Purchase Agreement” means the Mortgage Purchase Agreement dated as of September
30, 2008, among the Company and the Manager pursuant to which the Company had the right, but not
the obligation, to require the Manager to purchase certain mortgage loans from the Company from
time to time, subject to and in accordance with the terms of the Mortgage Purchase Agreement.

“Original Management Agreement” means the Management Agreement dated as of June 27,
2007, between the Company and the Manager, which was amended by Amendment No. 1 dated as of
September 30, 2008, and superseded by the Amended and Restated Management Agreement.

“Party” means each of the Company and the Manager.

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“Person” means any natural person, firm, individual, corporation, business trust, joint
venture, association, company, limited liability company, partnership or other organization or
entity, whether incorporated or unincorporated, or any governmental entity or authority.

“Termination Effective Date” means November 16, 2010; provided, however,
that if the Company’s Quarterly Report on Form 10-Q for the quarter ending September 30, 2010 (the
“Form 10-Q”) is not filed with the Securities and Exchange Commission (“SEC”) on or
before November 16, 2010, to the extent needed in order to file the Form 10-Q, the Company may
extend the Termination Effective Date, in its sole discretion, upon written notice to the Manager,
to the date on which the Form 10-Q is filed with the SEC as long as such date occurs on or before
December 31, 2010 and as long as such filing is not unreasonably delayed by the Company;
provided, further, that if the Form 10-Q is not filed with the SEC on or prior to
December 31, 2010 and the delay in filing the Form 10-Q is the result of any action or inaction
unreasonably taken or not taken by the Manager, then the Termination Effective Date shall be
automatically extended beyond December 31, 2010 until the date on which the Form 10-Q is filed with
the SEC.

     2. Termination of Management Agreement. The Company and the Manager hereby agree
that, notwithstanding any requirements with respect to delivery of a Company Termination Notice set
forth in Section 10 of the Amended and Restated Management Agreement (including, without
limitation, the requirement that the Company Termination Date be at least sixty (60) days from the
delivery of a Company Termination Notice) or any other terms or provisions of the Amended and
Restated Management Agreement, the Amended and Restated Management Agreement shall terminate
effective as of 12:01 a.m. on the Termination Effective Date, which date shall be the “Company
Termination Date” for purposes of Section 10(b) of the Amended and Restated Management Agreement,
and the provisions of the Amended and Restated Management Agreement shall thereafter be of no
further force or effect, except for those provisions that the Parties have agreed shall survive
such termination as expressly set forth in Section 11 hereof. Notwithstanding the
provisions of the Amended and Restated Management Agreement, in consideration for the termination
of the Amended and Restated Management Agreement and the Manager’s responsibilities therein, the
Company shall remit the following to the Manager on the Termination Effective Date in immediately
available funds: (a) $2,400,000, which shall represent the final installment of the Manager’s
Buyout Payment; provided, however, if the Termination Effective Date occurs on or after (x)
December 21, 2010, the final installment shall increase to $2,450,000 or (y) December 30, 2010, the
final installment shall increase to $2,500,000; and (b) all earned but unpaid monthly installments
of Base Management Fee payable under the Amended and Restated Management Agreement through the
Termination Effective Date; provided, however for the avoidance of doubt, if the
Termination Effective Date is November 16, 2010 (or any other date that is not the first day of a
calendar month), the Base Management Fee for the month in which the Termination Effective Date
occurs shall be pro-rated for the number of days in such month prior to the Termination Effective
Date. In addition, on the Termination Effective Date, the Company shall reimburse the Manager for
all expenses incurred by the Manager or its Affiliates prior to the Termination Effective Date that
are required to be paid by the Company pursuant to Section 7 of the Amended and Restated Management
Agreement; provided, however, if the Manager has incurred such expenses prior to
the
Termination Effective Date but has not provided the Company with a written statement detailing
such expenses on or prior to the Termination Effective Date, the Company shall still reimburse

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the
Manager in accordance with Section 7 of the Amended and Restated Management Agreement for such
expenses incurred prior to the Termination Effective Date but submitted by the Manager after the
Termination Effective Date provided that such expenses are submitted by the Manager to the Company
no later than March 1, 2011. The Manager hereby acknowledges and agrees that, upon receipt of the
amounts set forth in clauses (a)-(b) of this Section 2 and the immediately preceding
sentence of this Section 2, the Company shall have fully complied with its obligations
under Sections 6, 7 and 16(b) of the Amended and Restated Management Agreement and the Manager
shall have no further right to compensation for services rendered under the Amended and Restated
Management Agreement or the Original Management Agreement. Notwithstanding anything to the
contrary contained herein, the Amended and Restated Management Agreement or the Original Management
Agreement, if the Termination Effective Date is extended past December 1, 2010 and (i) such
extension is not the result of any action or inaction unreasonably taken or not taken by the
Manager, and (ii) if the Manager is in compliance with this Agreement, the Joint Defense Agreement
and the Amended and Restated Management Agreement in all respects, in addition to the Base
Management Fee, the Company shall pay the Manager an amount equal to $500 for each day after
December 1, 2010 on which the Amended and Restated Management Agreement remains in effect, plus, so
long as such out-of-pocket costs are approved in advance by the Company in its reasonable good
faith business judgment, any reasonable out-of-pocket costs incurred by the Manager after December
1, 2010, and prior to the Termination Effective Date relating to third party consultants retained
by the Manager to perform services to the Company under the Amended and Restated Management
Agreement consistent with past practice.

     3. Termination Transition Period.

          (a) References to Liquidation Plan. In connection with the Sale Transaction (as
defined in the Purchase and Sale Agreement, dated as of March 16, 2010 (the “Purchase and Sale
Agreement”), by and between the Company and Tiptree Financial Partners, L.P.), the Company
filed with the SEC a Definitive Proxy Statement pursuant to which the Company’s stockholders
approved the Sale Transaction and a termination of the Plan of Liquidation. Accordingly, all
references to the implementation of the Plan of Liquidation in the Amended and Restated Management
Agreement shall be disregarded and have no further force or effect; provided, however, the
Manager’s portfolio management and other investment related services under the Amended and Restated
Management Agreement shall be limited to the remaining Existing Investments.

          (b) Management Team. Notwithstanding the provisions of Section 2(g) of the Amended
and Restated Management Agreement, (i) the Manager shall not be required to provide the Company
with a CEO after the effective date of any employment agreement between the company and an
individual (the “New CEO”) providing for such New CEO to serve as the Company’s Chief
Executive Officer and President, and (ii) on the date of this Agreement, the Company shall execute
an employment agreement with an individual (the “New CFO”) providing for such New CFO to serve as
the Company’s Chief Financial Officer effective as of the date of this Agreement, and the Manager
shall not be required to provide the Company with a CFO after the date of this Agreement (such
date, the “CFO Transition Date”); provided,
however, that until the Termination Effective Date, the Manager shall reasonably
cooperate in assisting the New CEO and the New CFO in fulfilling their duties and responsibilities
to the

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Company. Without limiting the generality of the foregoing, the Manager shall provide
reasonable assistance (including by causing its appropriate employees to execute, at any time prior
to, on or after the Termination Effective Date, appropriate sub-certifications with respect to
periods prior to the CFO Transition Date) to enable such New CEO and New CFO to execute required
tax returns, SEC filings and related certifications with respect to periods ending on or prior to
the Termination Effective Date. Prior to the Termination Effective Date, the Manager agrees not to
make any material changes to its personnel providing services to the Company without the prior
written consent of the Company (which consent will not be unreasonably withheld, conditioned or
delayed), unless any such personnel (x) voluntarily resigns his or her employment or service with
the Manager or (y) fails to comply with the Manager’s code of conduct, in which case the Manager
may terminate such personnel without the consent of the Company.

          (c) CIT Employees. It is hereby acknowledged and agreed that those employees of the
Manager or its Affiliates listed on Schedule 1 attached hereto shall be offered employment
by the Company effective on or prior to the Termination Effective Date. The Company agrees that it
will not and that it shall cause its Affiliates not to, prior to the Termination Effective Date and
for a period of twelve months after the Termination Effective Date, directly or indirectly, hire,
solicit, attempt to hire, encourage or induce to terminate employment with the Manager or any of
its Affiliates, any employee of the Manager or its Affiliates, other than those employees listed on
Schedule 1 attached hereto, it being acknowledged that this limitation shall not apply to
any employee of the Manager or its Affiliates that initiates contact with the Company or responds
to a general employment solicitation by the Company.

     4. Delivery of Documents.

          (a) The Manager shall fully comply with the requirements of Section 13(b) of the Amended and
Restated Management Agreement. Without limiting the generality of the foregoing, the Manager shall
(i) on or prior to November 5, 2010, deliver to the Company all Company Books and Records, all
Company Proprietary Correspondence, all Company Proprietary Agreements and all other documents and
information belonging to the Company and its Subsidiaries and relating, in whole or in part, to the
Company’s business, operations, governance, finances, financial condition, pending or threatened
litigation, past or current investments (other than those sold to the Manager pursuant to the
Mortgage Purchase Agreement), taxes or tax returns, REIT compliance, meetings of the Board of
Directors of the Company and committees thereof, regulatory compliance and other corporate, legal
and business functions (collectively, “Company Information”) that is in the custody of the
Manager in physical (printed or written) form as of November 4, 2010, (ii) on or prior to November
10, 2010, deliver to the Company all Company Information that is in the custody of the Manager in
electronic form as of November 1, 2010; (iii) within five business days of the Termination
Effective Date, deliver to the Company all Company Information that is in the custody of the
Manager in electronic form and that was sent or received by any Care Service Providers during, or
otherwise relates to, the period from November 1, 2010 through the date immediately preceding the
Termination Effective Date, and (iv) as soon as reasonably practicable after the
Termination Effective Date, deliver to the Company all Company Information in physical
(printed or written) or electronic form that is in the custody of the Manager as of the Termination

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Effective Date and that has not been previously provided to the Company pursuant to clauses (i),
(ii) or (iii) above. Notwithstanding the foregoing in this clause (a), on or prior to December
10, 2010, the Manager shall deliver to the Company all Company Information that is in the custody
of the Manager in electronic form relating to the accounts receivable of the Company or the
PeopleSoft Suite (electronic files that are part of the PeopleSoft application related to the
Company’s general ledger, fixed assets, and accounts payable or otherwise related thereto) (the
“PeopleSoft Information”) that relates to the period from October 1, 2010 through November 30,
2010; provided, however, if the Termination Effective Date occurs on or after November 30, 2010,
then the Manager shall provide the previously undelivered monthly accounts receivable and
PeopleSoft Information (commencing with December, 2010) on or before the tenth day after the end of
each month during all or a portion of which this Agreement remains in effect commencing with
January 2011.

          (b) For the avoidance of doubt, the Manager shall not be required to deliver to the Company
any documents, information or correspondence relating to Company that belong to the Manager,
including without limitation, any employment or other information relating to employees of the
Manager that are performing or have performed services for or on behalf of the Company pursuant to
the Amended and Restated Management Agreement or the Original Management Agreement or any Manager
Proprietary Correspondence.

          (c) Subject to Section 8 hereof, notwithstanding anything to the contrary contained
herein or in the Amended and Restated Management Agreement, the Manager may retain a copy of all or
any portion of the information and documents delivered to the Company pursuant to this Agreement.
To the extent that the Manager delivers to the Company any documents, information or correspondence
including, without limitation, any Manager Proprietary Correspondence, other than Company
Information (“Manager Proprietary Information”), the Company hereby irrevocably waives any claims
or legal actions against the Manager or any of its Affiliates that is based upon any such Manager
Proprietary Information.

     5. Access and Information.

          (a) Subject to Section 8 hereof and the provisions of the Joint Defense Agreement (if
applicable), upon receiving reasonable prior notice, the Manager hereby agrees during normal
business hours to provide to the Company and its authorized counsel, accountants and other
designated representatives on a timely basis reasonable access to the books, records and personnel
of the Manager and its Affiliates that relate to the business of the Company and its Subsidiaries,
other than such information, documents or other materials that are subject to attorney-client
privilege or confidentiality restrictions of third parties, in each case, only to the extent that
such access or information is reasonably required or requested by the Company or its designated
representatives in connection with (i) the preparation, filing or publication of periodic, current
and other reports, schedules or forms required to be filed by the Company or its directors,
officers or Affiliates with the Securities and Exchange Commission (“SEC”), (ii) the preparation,
filing or publication of registration statements filed or to be filed by the Company with the SEC,
(iii) the preparation, filing or publication of the Company’s annual and quarterly financial
statements, (iv) assessment by the Company’s management of the effectiveness of
Company’s disclosure controls and procedures and the Company’s internal control over financial
reporting, (v) the audit by the Company’s auditors of the Company’s internal control over

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financial
reporting and management’s assessment thereof, (vi) the preparation or filing of any federal, state
or local tax returns or tax related elections by the Company or any of its Subsidiaries, (vii) the
defense or prosecution of any Company Action (as such term is defined in the Joint Defense
Agreement), (viii) the evaluation of, or response to, any written or oral claim, question or
request for information or documents in connection with any pending or threatened legal or
administrative proceeding, review, interrogatory, subpoena, demand or other judicial process or any
governmental inquiry of, or investigation or audit of, the Company or any of its Subsidiaries,
including any audit, proceeding or contest initiated by any federal, state or local tax authority,
(ix) the evaluation of, or response to, any written request for information or official comment
from a Governmental Entity or a stock exchange on which the Company’s securities are listed, such
as in connection with responding to a comment letter from the SEC or a request for information from
the New York Stock Exchange or other securities exchange or system on which the Company’s
securities are listed or traded, and/or (x) any other reasonable business purpose of the Company or
its Subsidiaries, in each case at no additional cost to the Company other than the reimbursement of
actual out-of-pocket costs incurred by the Manager or its Affiliates in connection therewith;
provided, however, that in the event that the Manager would have been required by
the foregoing provisions of this Section 5(a) to disclose any such information to the
Company or its designated representatives but for any attorney-client privilege or confidentiality
restrictions of third parties, the Manager shall use commercially reasonable efforts to seek to
obtain the consent of such third parties to such disclosure. Nothing herein shall require the
Manager to violate any agreement with any third party regarding the confidentiality of confidential
or proprietary information relating to such third party or its business (provided that such
agreement was not executed in contravention of any existing agreement between the Company and the
Manager, or any Affiliate thereof). Notwithstanding anything to the contrary contained herein,
such access and provision of information after the Termination Effective Date shall not be required
to the extent such access and provision of information would result in an undue burden on the
Manager or its Affiliates or would unreasonably interfere with any of the normal functions or
duties of the employees of the Manager or its Affiliates.

          (b) Subject to Section 8 hereof and the provisions of the Joint Defense Agreement (if
applicable), upon receiving reasonable prior notice, the Company hereby agrees during normal
business hours to provide to the Manager and its authorized counsel, accountants and other
designated representatives on a timely basis reasonable access to the books, records and personnel
of the Company and its Subsidiaries that relate to the business of the Company and its Subsidiaries
prior to the Termination Effective Date, other than such information, documents or other materials
that are subject to attorney-client privilege or confidentiality restrictions of third parties, in
each case, only to the extent that such access or information is reasonably required or requested
by the Manager or its designated representatives in connection with (i) the preparation, filing or
publication of periodic, current and other reports, schedules or forms required to be filed by the
Manager or its directors, officers or Affiliates with the SEC, (ii) the preparation, filing or
publication of the Manager’s or its Affiliates’ annual and quarterly financial statements, (iii)
assessment by the Manager’s or its Affiliates’ management of the effectiveness of the Manager’s or
its Affiliates’ disclosure controls and procedures and the Manager’s or its Affiliates’ internal
control over financial reporting, (iv) the audit by the Manager’s or its Affiliates’ auditors of
the Manager’s or its Affiliates’ internal control over
financial reporting and management’s assessment thereof, (v) the preparation or filing of any
federal, state or local tax returns or tax related elections by the Manager or its Affiliates, (vi)
the

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defense or prosecution of any Manager Action (as such term is defined in the Joint Defense
Agreement), (vii) the evaluation of, or response to, any written or oral claim, question or request
for information or documents in connection with any pending or threatened legal or administrative
proceeding, review, interrogatory, subpoena, demand or other judicial process or any governmental
inquiry of, or investigation or audit of, the Manager or its Affiliates, including any audit,
proceeding or contest initiated by any federal, state or local tax authority, (viii) the evaluation
of, or response to, any written request for information or official comment from a Governmental
Entity or a stock exchange on which the Manager’s or its Affiliates’ securities are listed, such as
in connection with responding to a comment letter from the SEC or a request for information from
the New York Stock Exchange or other securities exchange or system on which the Manager’s or its
Affiliates’ securities are listed or traded, and/or (x) any other reasonable business purpose of
the Manager, in each case at no additional cost to the Manager or its Affiliates other than the
reimbursement of actual out-of-pocket costs incurred by the Company or its Affiliates in connection
therewith; provided, however, that in the event that the Company would have been
required by the foregoing provisions of this Section 5(b) to disclose any such information
to the Manager or its designated representatives but for any attorney-client privilege or
confidentiality restrictions of third parties, the Company shall use commercially efforts to seek
to obtain the consent of such third parties to such disclosure. Nothing herein shall require the
Company to violate any agreement with any third party regarding the confidentiality of confidential
or proprietary information relating to such third party or its business (provided that such
agreement was not executed in contravention of any existing agreement between the Company and the
Manager, or any Affiliate thereof). Notwithstanding anything to the contrary contained herein,
such access and provision of information after the Termination Effective Date shall not be required
to the extent such access and provision of information would result in an undue burden on the
Company or its Affiliates or would unreasonably interfere with any of the normal functions or
duties of the employees of the Company or its Affiliates.

     6. Cooperation.

          (a) From the date hereof until the date that is 180 days after the Termination Effective Date,
the Manager shall, and shall cause its Affiliates to, provide reasonable cooperation and assistance
to the Company in connection with the orderly and efficient transition of the day-to-day management
of the Company from the Manager to officers of the Company and its representatives at no additional
cost to the Company other than (i) for the period between the date hereof and the Termination
Effective Date, the payments to be remitted by the Company as set forth in Section 2 hereof, and
(ii) for the period after the Termination Effective Date, the reimbursement of actual out-of-pocket
costs incurred by the Manager or its Affiliates in connection therewith; provided,
however, that such cooperation and assistance after the Termination Effective Date shall
not be required to the extent such cooperation and assistance would result in an undue burden on
the Manager or its Affiliates or would unreasonably interfere with any of the normal functions or
duties of the employees of the Manager or its Affiliates.

          (b) From the date hereof until the date that is 180 days after the Termination Effective Date,
the Company shall, and shall cause its Affiliates to, respond to reasonable inquiries of the
Manager in connection with the orderly and efficient transition of the day-to-day
management of the Company from the Manager to officers of the Company and its representatives
at no additional cost to the Manager other than for the period after the

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Termination Effective
Date, the reimbursement of actual out-of-pocket costs incurred by the Company or its Affiliates in
connection therewith; provided, however, that such response to inquiries after the
Termination Effective Date shall not be required to the extent such response to inquiries would
result in an undue burden on the Company or its Affiliates or would unreasonably interfere with any
of the normal functions or duties of the employees of the Company or its Affiliates.

     7. [Reserved]

     8. Mutual Confidentiality.

          (a) For a period of two (2) years from the Termination Effective Date (unless a longer time is
explicitly required pursuant to Company Proprietary Agreements, then for such longer time), the
Manager shall hold, and shall cause each of its then current officers, employees, agents,
consultants and advisors and each of its Subsidiaries and Affiliates and their respective then
current officers, employees, agents, consultants and advisors to hold, in strict confidence, and
not disclose or release or use, without the prior written consent of the Company (which may be
withheld in the Company’s sole and absolute discretion, except where disclosure is required by
applicable Law), any and all Confidential Information (as defined herein) concerning the Company
and its Subsidiaries and Affiliates; provided, that the Manager may disclose, or may permit
disclosure of, Confidential Information concerning the Company and its Subsidiaries and Affiliates
(i) to each of its then-current officers, employees, agents, consultants and advisors and each of
its Subsidiaries and Affiliates and their respective officers, employees, agents, consultants and
advisors, who have a need to know such information and are informed of their obligation to hold
such information confidential to the same extent as is applicable to the Manager and in respect of
whose failure to comply with such obligations, the Manager will be responsible, (ii) if the Manager
or any of its Subsidiaries or Affiliates is required or compelled to disclose any such Confidential
Information by judicial or administrative process or by other requirements of Law or stock exchange
rule or (iii) as necessary in order to permit Manager or its Affiliates to prepare and disclose its
financial statements, tax returns or other required disclosures. Notwithstanding the foregoing, in
the event that any demand or request for disclosure of Confidential Information is made pursuant to
clause (ii) above, the Manager shall, unless prohibited by Law or requested in connection with a
routine audit or exam of its books and records by any regulatory authority having jurisdiction over
it, promptly notify the Company of the existence of such request or demand and shall provide the
Company a reasonable opportunity to seek an appropriate protective order or other remedy, which the
Company and the Manager will cooperate in obtaining. In the event that such appropriate protective
order or other remedy is not obtained, the Manager shall furnish, or cause to be furnished, only
that portion of the Confidential Information that is legally required to be disclosed and shall
take commercially reasonable steps to ensure that confidential treatment is accorded such
information.

          (b) For a period of two (2) years from the Termination Effective Date, the Company shall hold,
and shall cause each of its then current officers, employees, agents, consultants and advisors and
each of its Subsidiaries and Affiliates and their respective then current officers, employees,
agents, consultants and advisors to hold, in strict confidence, and not
disclose or release or use, without the prior written consent of the Manager (which may be
withheld in the Manager’s sole and absolute discretion, except where disclosure is required by

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applicable Law), any and all Confidential Information (as defined herein) concerning the Manager
and its Subsidiaries (other than the Company and its Subsidiaries) and Affiliates;
provided, that the Company may disclose, or may permit disclosure of, Confidential
Information concerning the Manager and its Subsidiaries and Affiliates (i) to each of its officers,
employees, agents, consultants and advisors and each of its Subsidiaries and Affiliates and their
respective officers, employees, agents, consultants and advisors who have a need to know such
information and are informed of their obligation to hold such information confidential to the same
extent as is applicable to the Company and in respect of whose failure to comply with such
obligations, the Company will be responsible, (ii) if the Company or any of its Subsidiaries or
Affiliates is required or compelled to disclose any such Confidential Information by judicial or
administrative process or by other requirements of Law or stock exchange rule or (iii) as necessary
in order to permit the Company or its Affiliates to prepare and disclose its financial statements,
tax returns or other required disclosures. Notwithstanding the foregoing, in the event that any
demand or request for disclosure of Confidential Information is made pursuant to clause (ii) above,
the Company shall, unless prohibited by Law or requested in connection with a routine audit or exam
of its books and records by any regulatory authority having jurisdiction over it, promptly notify
the Manager of the existence of such request or demand and shall provide the Manager a reasonable
opportunity to seek an appropriate protective order or other remedy, which the Company and the
Manager will cooperate in obtaining. In the event that such appropriate protective order or other
remedy is not obtained, the Company shall furnish, or cause to be furnished, only that portion of
the Confidential Information that is legally required to be disclosed and shall take commercially
reasonable steps to ensure that confidential treatment is accorded such information.

          (c) Notwithstanding anything to the contrary in this Section 8, (i) the Parties shall
be deemed to have satisfied their obligations hereunder with respect to Confidential Information if
they exercise the same degree of care (but no less than a reasonable degree of care) as they take
to preserve confidentiality for their own similar information and (ii) confidentiality obligations
provided for in any agreement between each Party or its Subsidiaries and their respective employees
shall remain in full force and effect.

          (d) Notwithstanding anything to the contrary in this Agreement or the Amended and Restated
Management Agreement, Section 5 of the Amended and Restated Management Agreement shall terminate
and be of no further force and effect upon termination of the Amended and Restated Management
Agreement, with the effect that the provisions thereof shall be superseded by the provisions of
this Section 8 from and after the Termination Effective Date.

          (e) In no event shall anything set forth in this Section 8 prohibit a Party from
seeking to enter into a credit lending relationship with any Person including, without limitation,
any of the other Party’s past, present or future customers provided that such Party complies with
the provisions of this Section 8..

     9. Ownership of Information. Any information owned by one Party or any of its
Subsidiaries or Affiliates that is provided to a requesting Party pursuant to this Agreement or the
Joint Defense Agreement shall be deemed to remain the property of the providing Party. Unless

11

 

specifically set forth herein, nothing contained in this Agreement shall be construed as granting
or conferring rights of license or otherwise in any such information.

     10. Retention of Records. The Manager shall, and shall cause its Subsidiaries and
Affiliates to, preserve and keep any and all contracts, agreements, instruments, documents, books,
records and files that in any way relate to the Company or its Subsidiaries (collectively
“Records”), whether in electronic form or otherwise, including related back-up tapes, until
the later of (a) the fourth (4th) anniversary of the Termination Effective Date, and (b) the date
on which such Records are no longer required to be retained pursuant to the Manager’s applicable
records retention policy as in effect immediately prior to the Termination Effective Date.

     11. Survival of Terms. The Parties acknowledge and agree that, notwithstanding the
termination of the Amended and Restated Management Agreement on the Termination Effective Date,
Sections 7, 8, 9, 13(b), 14 and 17 of the Amended and Restated Management Agreement shall survive
such termination and shall continue to be in full force and effect for the time periods and under
the terms stated in those respective sections of the Amended and Restated Management Agreement.
All other provisions of the Amended and Restated Management Agreement shall terminate and be of no
further force or effect effective as of the Termination Effective Date.

     12. Miscellaneous.

          (a) Further Assurances. In addition to and without limiting the actions specifically
provided for herein and in the Joint Defense Agreement, each Party shall cooperate with the other
Party and use (and cause its Subsidiaries and Affiliates to use) commercially reasonable efforts on
or after the Termination Effective Date to take or cause to be taken all actions, and to do or
cause to be done all things, reasonably necessary on its part to effectuate the terms contained in
this Agreement and in the Joint Defense Agreement; provided, however that no Party
shall be required to take any action or do anything that would result in an undue burden on it or
its Affiliates or would unreasonably interfere with any of the normal functions or duties of its
employees or employees of its Affiliates.

          (b) Severability. If any provision of this Agreement is held invalid or unenforceable
by any court of competent jurisdiction, the other provisions of this Agreement will remain in full
force and effect. Any provision of this Agreement held invalid or unenforceable only in part or
degree will remain in full force and effect to the extent not held invalid or unenforceable.

          (c) GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER
THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF
THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW. EACH OF THE PARTIES HERETO
IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND THE
UNITED STATES DISTRICT COURT FOR ANY DISTRICT WITHIN SUCH STATE FOR THE PURPOSE OF ANY ACTION OR
JUDGMENT RELATING TO OR ARISING

12

 

OUT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY AND TO THE LAYING OF
VENUE IN SUCH COURT.

          (d) WAIVER OF JURY TRIAL. EACH PARTY HERETO ACKNOWLEDGES AND AGREES THAT ANY
CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT
ISSUES, AND, THEREFORE, EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN
RESPECT OF ANY ACTION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH OR
RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT.

          (e) Entire Agreement. This Agreement, the surviving provisions of the Amended and
Restated Management Agreement (as provided herein) and the Joint Defense Agreement constitute the
entire agreement between the Parties hereto with regard to the matters contained herein,
superseding all prior understandings and agreements whether written or oral related thereto. This
Agreement may not be amended or revised except by a writing signed by both of the Parties.

          (f) Representation of Counsel. Both Parties acknowledge that they have had the advice
and guidance of legal counsel and have jointly assisted in the drafting of this Agreement.

          (g) No Admission of Liability. It is understood and agreed that nothing contained
herein shall be construed as an admission of liability on the part of any of the Parties hereto.

          (h) Counterparts. This Agreement may be executed in counterparts, each of which shall
be deemed an original but all of which shall constitute one and the same instrument. One or more
counterparts of this Agreement may be delivered by facsimile, with the intention that delivery by
such means shall have the same effect as delivery of an original counterpart thereof.

          (i) Assignment. Except as otherwise provided for in this Agreement, this Agreement
shall not be assignable, in whole or in part, directly or indirectly, by any Party without the
prior written consent of the other Parties, and any attempt to assign any rights or obligations
arising under this Agreement without such consent shall be void; provided, that a Party may
assign this Agreement in connection with a merger transaction in which such Party is not the
surviving entity or the sale by such Party of all or substantially all of its assets;
provided, that the surviving entity of such merger or the transferee of such assets shall
agree in writing, reasonably satisfactory to the other Party, to be bound by the terms of this
Agreement as if named as a “Party” hereto.

          (j) Mutual Release. In consideration of the execution and delivery of this Agreement
and performance of each Party’s obligations hereunder, each Party shall deliver to the

13

 

other Party, on the Termination Effective Date, a release in substantially the form attached
hereto as Exhibit A.

     IN WITNESS WHEREOF, each of the undersigned have executed and delivered this Agreement as the
date first above written.

	 	 	 	 	 	 	 	 	 

	CARE INVESTMENT TRUST INC.	 	 	 	CIT HEALTHCARE LLC
	 
	By:  
	 	 	 	 	 	By:  	 	 
	 
	 	 	 	 	 	 
	 
	Name: 	Salvatore (Torey) V. Riso Jr.	 	 	 	 	Name: 	Steven N. Warden
	 
	Its: 	Chief Executive Officer and President
	 	 	 	 	Its: 	President

14

 

EXHIBIT A

GENERAL MUTUAL RELEASE

     This General Mutual Release (this “Release”) is being executed and delivered as of
____________, 2010, in accordance with Section 12(j) of that certain Termination, Cooperation and
Confidentiality Agreement (as amended, supplemented and modified from time to time, the
“Termination Agreement”), by and between Care Investment Trust Inc., a Maryland corporation (the
“Company”), and CIT Healthcare LLC, a Delaware limited liability company (the “Manager”; and
together with the Company, collectively, the “Parties” and each a “Party”). Capitalized terms used
in this Release without definition have the respective meanings given to them in the Termination
Agreement.

     WHEREAS, in consideration of each Party’s agreement to execute and deliver the Termination
Agreement, each Party has agreed to deliver to the other Party, on or prior to the Termination
Effective Date, this Release.

     NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged and intending to be legally bound, the Parties hereby agrees as follows:

     1. General Release.

     (a) Effective as of the Termination Effective Date, each Party hereto hereby releases and
forever discharges the other Party hereto and such Party’s stockholders, members, directors,
officers, employees, representatives, lenders, agents, successors and assigns from any and all
losses, liabilities, damages, lawsuits, actions, causes of actions, debts, demands, obligations,
suits in law or equity and claims of any kind, whether known or unknown, actual or contingent, or
which now exist or might exist in the future, which such Party now has, has ever had or may
hereafter have against the other Party arising prior to the Termination Effective Date pursuant to
or in connection with the Amended and Restated Management Agreement or the Original Management
Agreement; provided, however, that nothing contained herein shall operate to
release (i) any rights, obligations, covenants, representations and warranties of the Parties
arising under (A) the Termination Agreement, or (B) Section 8 of the Amended and Restated
Management Agreement, or (ii) any claims, causes of action or proceedings against a Party related
to fraudulent actions of such Party.

     (b) Each Party hereby irrevocably covenants to refrain from, directly or indirectly, asserting
any claim or demand, or commencing, instituting or causing to be commenced, any proceeding of any
kind against the other Party based upon any matter purported to be released hereby.

     (c) Without in any way limiting any of the rights and remedies otherwise available to the
other Party, each Party (each Party in such capacity, the “Releasing Party”) agrees to
indemnify, defend and hold harmless the other Party (each other Party in such capacity, the
“Released Party”) from and against any and all loss, liability, claim, damage (including
incidental and consequential damage) or expense (including costs of investigation and defense

15

 

and reasonable attorneys’ fees), whether or not involving third party claims, arising directly
or indirectly from or in connection with (i) the assertion by or on behalf of the Releasing Party
of any claim or other matter purported to be released pursuant to this Release, and (ii) the
assertion by any third party of any claim or demand against the Released Party which claim or
demand arises directly or indirectly from, or in connection with, any assertion by or on behalf of
the Releasing Party against such third party of any claims or other matters purported to be
released pursuant to this Release.

     2. Miscellaneous.

     (a) Further Assurances. The Company and the Manager agree to execute any and all
documents and writings and take such other actions that may be reasonably necessary to effectuate
the terms contained in this Release.

     (b) Severability. If any provision of this Release is held invalid or unenforceable
by any court of competent jurisdiction, the other provisions of this Release will remain in full
force and effect. Any provision of this Release held invalid or unenforceable only in part or
degree will remain in full force and effect to the extent not held invalid or unenforceable.

     (c) GOVERNING LAW. THIS RELEASE AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER
THIS RELEASE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE
STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW. EACH OF THE PARTIES HERETO
IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND THE
UNITED STATES DISTRICT COURT FOR ANY DISTRICT WITHIN SUCH STATE FOR THE PURPOSE OF ANY ACTION OR
JUDGMENT RELATING TO OR ARISING OUT OF THIS RELEASE OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY
AND TO THE LAYING OF VENUE IN SUCH COURT.

     (d) WAIVER OF JURY TRIAL. EACH PARTY HERETO ACKNOWLEDGES AND AGREES THAT ANY
CONTROVERSY WHICH MAY ARISE UNDER THIS RELEASE IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT
ISSUES, AND, THEREFORE, EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN
RESPECT TO ANY ACTION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH OR
RELATING TO THIS RELEASE OR THE TRANSACTIONS CONTEMPLATED BY THIS RELEASE.

     (e) Entire Agreement. This Release constitutes the entire agreement between the
Parties hereto with regard to the matters contained herein, superseding all prior understandings
and agreements whether written or oral related thereto. This Release may not be amended or revised
except by a writing signed by both of the Parties.

     (f) Representation of Counsel. Both Parties acknowledge that they have had the advice
and guidance of legal counsel and have jointly assisted in the drafting of this Release.

16

 

     (g) No Admission of Liability. It is understood and agreed that nothing contained
herein shall be construed as an admission of liability on the part of any of the Parties hereto.

     (h) Counterparts. This Release may be executed in counterparts, each of which shall
be deemed an original but all of which shall constitute one and the same instrument. One or more
counterparts of this Release may be delivered by facsimile, with the intention that delivery by
such means shall have the same effect as delivery of an original counterpart thereof.

     IN WITNESS WHEREOF, each of the undersigned have execute and delivered this Release as the
date first above written.

	 	 	 	 	 	 	 	 	 	 	 	 	 

	CARE INVESTMENT TRUST INC.	 	 	 	CIT HEALTHCARE LLC
	 
	By:
	 	 	 	 	 	 	 	By:	 	 	 	 
	 

	 	 
	 	 
	 	 	 	 	 	 
	 	 
	 

	 	Name:
	 	 	 	 	 	 	 	Name:	 	 
	 

	 	 	 	 
	 	 	 	 	 	 	 	 
	 

	 	Its:
	 	 	 	 	 	 	 	Its:	 	 
	 

	 	 	 	 
	 	 	 	 	 	 	 	 

17

 

SCHEDULE 1

CIT Employees Offered Employment by the Company

Salvatore (Torey) Riso

Michael Goldberg

Suman Sarma

18

 

SCHEDULE 2

Care Service Providers

Salvatore Riso

Suman Sarma

Michael Goldberg

Paul Hughes

Krys Corso

Scott Kellman

Michael McDugall

Robert O’Neill

Frank Plenskofski

Andrew Fanelli**

Krister Anderson**

Adam Sherman*

John O’Toole*

 

			
	** 	 	Only Company Information relating to Senior
Management Concepts, Cambridge, Bickford and Schwartzberg will be delivered.
	 
	* 	 	Only Company Information relating to Senior
Management Concepts, Cambridge and Bickford will be delivered.

19exv10w2

Exhibit 10.2

EMPLOYMENT AGREEMENT

     EMPLOYMENT AGREEMENT (this “Agreement”) by and between Salvatore (Torey) Riso, Jr.
(“Executive”) and Care Investment Trust Inc. (the “Company”) is dated as of
November 4, 2010 and effective as of the Effective Date (as such term is defined below).

     WHEREAS, Executive has served as the Chief Executive Officer and President of the Company
since December 4, 2009;

     WHEREAS, the Company wishes to retain Executive in the position of Chief Executive Officer and
President of the Company and Executive desires to continue serving as Chief Executive Officer and
President of the Company;

     WHEREAS, the effective date of this Agreement (the “Effective Date”) shall be the
“Termination Effective Date,” as such term is defined in that certain Termination, Cooperation and
Confidentiality Agreement, dated as of November 4, 2010, by and between the Company and CIT
Healthcare LLC; and

     WHEREAS, Executive and the Company desire to memorialize herein the terms and conditions
related to Executive’s employment by the Company.

     NOW THEREFORE, in consideration of the mutual covenants contained herein and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto agree as follows:

     1. Agreements between the Parties. This Agreement is intended to memorialize all of
the terms and conditions of Executive’s employment by the Company.

     2. Employment.

          (a) Term. The Company shall employ Executive, and Executive agrees to be employed
with the Company, upon the terms and conditions set forth in this Agreement, for the period
beginning on the Effective Date and ending on December 31, 2013 (the “Employment Period”).
Thereafter, the Employment Period shall be automatically extended for subsequent one (1)-year
periods (each a “Renewal Period”) unless written notice to the contrary is given by either
the Company or Executive at least ninety (90) days prior to the expiration of the initial
Employment Period or any subsequent Renewal Period. Notwithstanding the foregoing, the Employment
Period shall be subject to earlier termination as provided in Sections 4 and 5 hereof (the
“Term”).

          (b) Duties of Position.

During the Employment Period, Executive shall serve as Chief Executive Officer and President of the
Company. Executive’s duties shall include, without limitation, managing the overall business
affairs of the Company and its senior executive team, formulating and implementing the strategic
plan and investment program of the Company, and managing and assisting in the Company’s capital
raising efforts and serving as the principal executive officer for purposes of executing all
reports and financial statement certifications required to be filed by the Company

 

 

pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”), together
with such other duties as may be assigned to him from time to time by the Board of Directors of the
Company (the “Board”) or any committee thereof, including the Executive Committee of the
Board (the “Executive Committee”). Executive agrees to devote substantially all of
Executive’s business time, attention and energies to the performance of the duties assigned to
Executive hereunder, and to perform such duties faithfully, diligently and to the best of
Executive’s abilities and subject to such laws, rules, regulations and policies from time to time
applicable to the Company and its employees. Executive may (i) serve as a director to one
corporate or other business or charitable entity, subject to the approval of the Board and (ii)
manage his personal investments, subject to the conduct, ethics and investment policies of the
Company (including, without limitation, the Company’s Code of Business Conduct, Code of Ethics and
Securities Trading Policy, as such policies may be amended or supplemented from time to time), to
the extent that such activities under clauses (i) and (ii) do not materially interfere with the
performance of Executive’s duties under this Agreement.

     3. Compensation and Benefits.

          (a) Base Salary. Executive’s base salary shall be as follows: (i) from and after the
Effective Date until December 31, 2010, $225,000 per annum (pro-rated for the partial calendar
year) and (ii) from and after January 1, 2011, $250,000 per annum (pro-rated for any partial
calendar year), each payable in equal installments no less than monthly (as in effect from time to
time, the “Base Salary”).

          (b) Initial Payments to Executive. On or about January 3, 2011, the Company shall
make to Executive (i) a one-time cash payment in an amount equal to $100,000 and (ii) a one-time
grant of common stock of the Company, which are immediately vested, with a then-current market
value of approximately $200,000, subject to the terms of the Company’s Equity Plan (as defined
below).

          (c) Annual Cash Performance Bonus. For each year during Executive’s employment with
the Company beginning with the year ending December 31, 2011, Executive shall be eligible to
receive an annual performance cash bonus (the “Annual Cash Bonus”) based upon certain
annual performance targets set by the Board or a committee thereof in their discretion in
accordance with the Company’s applicable corporate governance charters and guidelines and both the
Company’s and Executive’s performance in relation to those targets as determined by the Board or
committee thereof, subject to Section 3(e) below. The Annual Cash Bonus shall be payable if the
annual performance targets set forth in Section 3(e) below are achieved, as determined by the Board
in its sole discretion. The Annual Cash Bonus payable to Executive for each year shall be subject
to review and approval by the Board or a committee thereof in their discretion in accordance with
the Company’s applicable corporate governance charters and guidelines. Any Annual Cash Bonus
payable to Executive will be paid at the time the Company normally pays such bonuses to its senior
executives, but in no event later than two-and-one-half months following December 31 of the
applicable year.

          (d) Annual Equity Performance Bonus. For each year during Executive’s employment with
the Company beginning with the year ending December 31, 2011, Executive shall be eligible to
receive long-term equity incentive compensation awards (which may consist

2

 

of restricted stock, stock options, stock appreciation rights or other types of equity bonus
awards, as determined by the Board or a committee thereof in their discretion in accordance with
the Company’s applicable corporate governance charters and guidelines) (the “Annual Equity
Bonus”) pursuant to the Company’s equity incentive compensation plans and programs in effect
from time to time including, without limitation, the 2007 Care Investment Trust Inc. Equity Plan,
dated as of June 19, 2007 (the “Equity Plan”). These awards shall be granted in amounts
and with vesting schedules based upon the annual performance targets as determined by the Board or
such committee, subject to Section 3(e) below. The Annual Equity Bonus shall be payable if the
annual performance targets set forth in Section 3(e) below are achieved, as determined by the Board
in its sole discretion. The Annual Equity Bonus to be granted to Executive for each year shall be
subject to review and approval by the Board or a committee thereof in their discretion in
accordance with the Company’s applicable corporate governance charters and guidelines.

          (e) Bonus for 2011. For the year ending December 31, 2011, the Company’s annual
performance targets for purposes of the Annual Cash Bonus and Annual Equity Bonus shall include a
“Threshold Bonus Level” (payable if the “threshold” performance target is achieved but no higher
performance target is achieved) with (i) $200,000 in cash and (ii) restricted stock units or other
equity related award of the Company (subject to a time-vesting schedule and the Equity Plan) with
the underlying common stock having a then-current market value equal to approximately $125,000; a
“Target Bonus Level” (payable if the “target” performance target is achieved but no higher
performance target is achieved) with (i) $250,000 in cash and (ii) restricted stock units or other
equity related award of the Company (subject to a time-vesting schedule and the Equity Plan) with
the underlying common stock having a then-current market value equal to approximately $250,000; and
a “Maximum Bonus Level” (payable if the “maximum” performance target is achieved) with (i) $300,000
in cash and (ii) restricted stock units or other equity related award of the Company (subject to a
time-vesting schedule and the Equity Plan) with the underlying common stock having a then-current
market value equal to approximately $375,000.

          (f) Vacation. Executive shall be eligible for four (4) weeks of annual vacation to be
accrued and taken in accordance with the Company’s policy with respect to senior executives.

          (g) Other Benefits. In addition, Executive will be eligible to participate in all
fringe benefit plans and qualified and non-qualified retirement plans of the Company and its
affiliates, as are generally available to the other senior management employees of the Company and
its affiliates, such as health insurance plans, disability insurance plans and life insurance
plans, provided that Executive meets the qualifications thereof.

          (h) Expenses. During the Employment Period, all reasonable business expenses incurred
by Executive in the performance of his duties hereunder shall be reimbursed by the Company in
accordance with the applicable expense reimbursement policies of the Company.

          (i) Withholding. Executive agrees that all amounts payable to him under this
Agreement shall be subject to the withholding of such amounts, if any, relating to tax and other
payroll deductions as the Company may reasonably determine to be required pursuant to

3

 

applicable law and regulation. However, nothing in this Agreement shall be construed to
require the Company to make any payments to compensate Executive for any adverse tax effect
associated with any payments or benefits or for any deduction or withholding from any payment or
benefit.

     4. Termination of Employment. Executive’s employment hereunder may be terminated in
accordance with this Section 4.

          (a) Death. Executive’s employment hereunder shall terminate upon his death.

          (b) Disability. If, as determined by the Board in its reasonable good faith judgment,
Executive (i) is unable to engage in any substantial gainful activity by reason of any medically
determinable physical or mental impairment which can be expected to result in death or can be
expected to last for a continuous period of not less than 12 months, or (ii) is, by reason of any
medically determinable physical or mental impairment which can be expected to result in death or
can be expected to last for a continuous period of not less than 12 months, receiving income
replacement benefits for a period of not less than 3 months under an accident and health plan
covering employees of the Company, and, in the case of either clause (i) or (ii), within ten (10)
days after written Notice of Termination (as defined in Section 5(a)) is given shall not have
returned to the performance of his duties hereunder on a full-time basis, the Company may terminate
Executive’s employment hereunder for “Disability.”

          (c) Cause. The Company may terminate Executive’s employment hereunder for Cause. For
purposes of this Agreement, the Company shall have “Cause” to terminate Executive’s employment
hereunder, as determined in the good faith judgment of the Board, upon the occurrence of any of the
following events:

          (i) the conviction of, or a plea of nolo contendere by, Executive for the commission of
(1) a felony, (2) any crime involving moral turpitude, deceit, dishonesty or fraud, or (3)
any crime resulting in Executive’s incarceration, which the Board determines to be
detrimental to the best interests of the Company;

          (ii) continuing willful failure by Executive for ten (10) business days to
substantially perform his duties hereunder (other than such failure resulting from
Executive’s incapacity due to physical or mental illness or subsequent to the issuance of a
Notice of Termination by Executive for Good Reason) after demand for substantial performance
is delivered by the Company in writing that specifically identifies the manner in which the
Company believes Executive has not substantially performed his duties; or

          (iii) Executive’s theft or fraud relating to Executive’s employment or the business of
the Company or its subsidiaries, willful misconduct (including, but not limited to, breach
by Executive of the provisions of Section 7) that is injurious to the Company or its
subsidiaries (unless such injury is de minimis), or willful violation of any law, rule,
regulation or policy with respect to a material aspect of the business of the Company.

4

 

          (d) Good Reason. Executive may terminate his employment hereunder for “Good Reason”
within thirty (30) days after the occurrence, without his written consent, of one of the following
events that has not been cured within ten (10) business days after written notice thereof has been
given by Executive to the Company:

          (i) the assignment to Executive of duties materially inconsistent with his status as,
or the removal of any title of, Chief Executive Officer and President of the Company;

          (ii) the Executive is directed to directly report to a Person (as defined below) other
than the Board or a committee thereof (unless this Agreement is assigned to an external
management company in accordance with Section 11 below);

          (iii) a reduction by the Company in Executive’s Base Salary, Annual Cash Bonus
opportunity or Annual Equity Bonus opportunity, or a material failure by the Company to pay
or provide any Base Salary or contractually committed cash or equity bonus payment or
amounts when due;

          (iv) the requirement by the Company that the principal place of performance of
Executive’s services be at a location more than fifty (50) miles from the primary office of
Executive as of the Effective Date; or

          (v) a material failure by the Company to comply with any material provision of this
Agreement.

          (e) The Company may terminate Executive’s employment at any time for any reason, including
without Cause. Executive may terminate Executive’s employment at any time for any reason,
including without Good Reason, upon thirty (30) days’ advance written notice to the Company.

          (f) The Company shall not be required to make the payments and provide the benefits specified
in Section 6 below unless Executive executes and delivers to the Company an agreement releasing the
Company, its affiliates and its officers, directors and employees from all liability (other than
the payments and benefits under this Agreement), substantially in the form attached hereto as
Exhibit A.

          (g) Unless the Company agrees in writing to waive this requirement, upon the termination of
Executive’s employment for any reason, Executive agrees to promptly resign (i) as a director of the
Company, any subsidiary or affiliate of the Company or any other entity to which the Company
appoints Executive to serve as a director, (ii) from all offices held by Executive in any or all of
such entities in clause (i) above, and (iii) from all fiduciary positions (including as trustee)
held by Executive with respect to any pension plans or trusts established by any such entities in
clause (i) above.

     5. Termination Procedure.

          (a) Notice of Termination. Any termination of Executive’s employment by the Company
or by Executive, including notice not to renew the Employment Period of this

5

 

Agreement (other than termination due to Executive’s death) shall be communicated by written
Notice of Termination to the other party hereto in accordance with Section 12. For purposes of
this Agreement, a “Notice of Termination” shall mean a notice that shall indicate the
specific termination provision in this Agreement relied upon and shall set forth in reasonable
detail the facts and circumstances claimed to provide a basis for termination of Executive’s
employment under the provision so indicated.

          (b) Date of Termination. “Date of Termination” of this Agreement shall mean (i) if
the Term of this Agreement expires, the date of such expiration, (ii) if Executive’s employment is
terminated pursuant to Section 4(a) above, the date of Executive’s death, (iii) if Executive’s
employment is terminated pursuant to Section 4(b) above, ten (10) days after delivery to Executive
of Notice of Termination, provided that Executive has not returned to the performance of his duties
hereunder on a full-time basis prior to the Date of Termination, (iv) if Executive’s employment is
terminated pursuant to Sections 4(c) above, the date specified in the Notice of Termination, and
(v) if Executive’s employment is terminated pursuant to Section 4(d) above, the date set forth on a
Notice of Termination not earlier than ten (10) days or later than 30 days after the date of
delivery of such Notice of Termination. Upon the Date of Termination, the Term of this Agreement
shall expire and the Company shall have no further obligation to Executive except to the extent
Executive is expressly entitled to any payments or other benefits pursuant to Section 6 hereof, or
to any continued insurance coverage in accordance with applicable law; provided that the provisions
set forth in Sections 7, 8, 9, 10, 11, 12, 13, 15, 16, 17, 18 and 19 hereof and this Section 5(b)
shall remain in full force and effect after the termination of Executive’s employment,
notwithstanding the expiration of the Term of, or termination of, this Agreement.

     6. Obligations of the Company upon Termination of Employment.

          (a) Expiration of Term and Termination by the Company for Cause or by Executive without
Good Reason. If Executive’s employment shall be terminated (i) due to Executive’s notice not
to renew the Employment Period or a Renewal Period and upon expiration of the Term of this
Agreement, (ii) by the Company for Cause, or (iii) by Executive without Good Reason, then not later
than 30 days after the Date of Termination (or such earlier time as may be required by applicable
law) the Company shall pay Executive (A) his Base Salary (at the rate in effect at the time Notice
of Termination is given) through the Date of Termination to the extent theretofore unpaid, (B) the
value of any vacation days earned but unused through the Date of Termination pursuant to Section
3(f), and (C) reimbursement for all business expenses properly incurred in accordance with Company
policy prior to the Date of Termination and not yet reimbursed by the Company (the benefits payable
pursuant to clauses (A), (B), and (C) hereafter referred to as the “Accrued Obligations”),
and the Company shall have no additional obligations to Executive under this Agreement.

          (b) Death; Disability. If, during the Employment Period, Executive’s employment shall
terminate on account of death (other than on account of death after delivery of a valid Notice of
Termination for Cause or by Executive without Good Reason) or Disability, the Company shall have no
further obligations to Executive other than to provide Executive (or his estate):

6

 

          (i) the Accrued Obligations;

          (ii) not later than 30 days after the Date of Termination, a pro-rated Annual Cash
Bonus and Annual Equity Bonus based upon the number of days in the year of termination
through the Date of Termination relative to 365 days, assuming for such purposes that the
performance targets applicable to the Annual Cash Bonus and the Annual Equity Bonus have
been satisfied at the Target Bonus Level for the year in which the Date of Termination
occurs;

          (iii) the health benefits set forth under Other Benefits in Section 3(g) for 12 months
following the Date of Termination;

          (iv) full vesting of all Company equity awards as of the Date of Termination; and

          (v) continuing exercisability of all stock options and stock appreciation rights for
the lesser of (x) 12 months after the Date of Termination or (y) the remainder of their
term.

          (c) For any Other Reason. If, during the Employment Period, the Company shall
terminate Executive’s employment for any reason other than those provided in Section 6(a) or 6(b)
above, including due to the Company’s notice not to renew the Employment Period or a Renewal Period
and upon the expiration of the Term of this Agreement, or Executive terminates Executive’s
employment for Good Reason, the Company shall have no further obligations to Executive other than:

          (i) the Accrued Obligations;

          (ii) the Company shall pay to Executive not later than 30 days after the Date of
Termination an amount equal to the greater of (1) 12 months or (2) the number of whole
months falling between the Date of Termination and February 1, 2013 of Executive’s Base
Salary at the rate in effect at the time of such termination;

          (iii) Executive shall be entitled to the health benefits set forth under Other Benefits
in Section 3(g) until the earlier of (x) the 12 month anniversary of the Date of Termination
and (y) the date upon which executive receives similar health benefits from another Person
(as defined below) or is eligible to receive them from a subsequent employer;

          (iv) Executive shall be entitled to full vesting of all Company equity awards as of the
Date of Termination; and

          (v) Executive shall be entitled to continuing exercisability of all stock options and
stock appreciation rights for the lesser of (x) 12 months after the Date of Termination or
(y) the remainder of their term.

          (d) No Mitigation or Offset. In the event of Executive’s termination of employment
hereunder, Executive shall be under no obligation to seek other employment or

7

 

otherwise mitigate the obligations of the Company under this Agreement, and no benefit payable
hereunder shall be subject to offset.

     7. Prohibited Activities.

          (a) Non-Solicitation and Business Relationships. Executive agrees that during
Executive’s employment by the Company and for two (2) years following Executive’s Date of
Termination (the “Non-Solicitation Period”), Executive shall not, directly or indirectly,
solicit, induce, or attempt to solicit or induce any officer, director, employee, consultant, agent
or joint venture partner of the Company or any of its affiliates to terminate his, her or its
employment or other relationship with the Company or any of its affiliates for the purpose of
associating with any competitor of the Company or any of its affiliates, or otherwise encourage any
such person to leave or sever his, her or its employment or other relationship with the Company or
any of its affiliates for any other reason, or authorize the taking of such actions by any other
person or entity, or assist or participate with any such person or entity in taking such action.

          (b) Non-Competition. Executive acknowledges that the services to be rendered by him
to the Company are of a special and unique character. In consideration of his employment hereunder,
Executive agrees that during Executive’s employment by the Company and for the one (1) year period
following the termination of Executive’s employment hereunder by either party for any reason (other
than (i) expiration of the Term of this Agreement due to the Company’s notice not to renew the
Employment Period, (ii) termination by Executive with Good Reason, or (iii) termination by the
Company of Executive without Cause), Executive will not engage, directly or indirectly, whether as
principal, agent, representative, consultant, employee, partner, stockholder, limited partner,
other investor or otherwise (other than a passive investment of not more than five percent (5%) of
the stock, equity or other ownership interest of any corporation, partnership or other entity),
within the United States of America, in any business that competes directly with the principal
businesses conducted by the Company as of the Executive’s Date of Termination.

     8. Confidential Information/Intellectual Property. Executive shall hold in confidence
for the benefit of the Company all of the information and business secrets in respect of the
Company and all of its affiliates, including, but not limited to, all information and data relating
to or concerned with the business, finances, pending transactions and other affairs of the Company
and all of its affiliates, and Executive shall not at any time before or after Executive’s
employment by the Company is terminated for any reason, or Executive resigns for any reason,
willfully use or disclose or divulge any such information or data to any other Person (as defined
below) except (i) with the prior written consent of the Company, (ii) to the extent necessary to
comply with applicable law or the valid order of a court of competent jurisdiction, in which event
Executive shall notify the Company as promptly as reasonably practicable (and, if possible, prior
to making such disclosure), and (iii) in the performance of Executive’s duties hereunder. The
foregoing provisions of this Section 8 shall not apply to any information or data which has been
previously disclosed to the public or is otherwise in the public domain in each case other than as
a result of the breach by Executive of his obligations under this Section 8. Executive agrees
that any Intellectual Property developed by him during his employment by the Company is, and will
always remain, solely the property of the Company. Executive further

8

 

agrees that he shall have no rights to any such Intellectual Property. For purposes of this
Agreement, “Person” means an individual, corporation, partnership, limited liability
company, joint venture, association, trust, unincorporated organization, other entity or “group”
(as defined in the Exchange Act). For purposes of this Agreement, “Intellectual Property” means
any trademarks, copyrights, patents now or hereafter owned and trade secrets, including but not
limited to formulas, compilations, programs, devices, methods, techniques, processes, designs,
strategies, concepts, algorithms, models, databases, software, systems, technical know-how,
operating instructions or marketing plans.

     9. No Waiver. No failure or delay on the part of the Company or Executive in
exercising any right, power or remedy hereunder shall operate as a waiver thereof, nor shall any
single or partial exercise of any such right, power or remedy preclude any other or further
exercise thereof or the exercise of any other right, power or remedy. The remedies provided for
herein are cumulative and are not exclusive of any remedies that may be available to the Company or
Executive at law or in equity. No waiver of or consent to any departure by either the Company or
Executive from any provision of this Agreement shall be effective unless signed in writing by the
party entitled to the benefit thereof. No amendment, modification or termination of any provision
of this Agreement shall be effective unless signed in writing by all parties hereto. Any waiver of
any provision of this Agreement, and any consent to any departure from the terms of any provision
of this Agreement, shall be effective only in the specific instance and for the specific purpose
for which made or given.

     10. Severability of Provisions. Any provision of this Agreement that is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining provisions hereof or
affecting the validity or enforceability of such provision in any other jurisdiction. Moreover, if
any one or more of the provisions contained in this Agreement shall be held to be excessively broad
as to duration, activity or subject, such provision shall be construed by limiting and reducing it
so as to be enforceable to the maximum extent allowed by applicable law.

     11. Successors; Non-Assignability. This Agreement shall inure to the benefit of the
Company and its successors and assigns, as applicable. If the Company shall merge or consolidate
with or into, or transfer substantially all of its assets, to another corporation or other form of
business organization, this Agreement shall be binding on, and run to the benefit of, the successor
of the Company resulting from such merger, consolidation, or transfer. If the Company shall
transfer the management and operations of the Company, including the responsibility to provide a
Chief Executive Officer for the Company, to an external management company, this Agreement shall
be binding on, and run to the benefit of, such external management company. The rights and
obligations of Executive under this Agreement are personal to Executive and may not be assigned or
delegated to any other Person; provided, however, that nothing in this Agreement shall preclude
Executive from designating any of his beneficiaries to receive any benefits payable hereunder upon
his death, or his executors, administrators or other legal representatives from assigning any
rights hereunder to the person or persons entitled thereto.

     12. Notices. Any notice given hereunder shall be in writing and shall be deemed to
have been given when delivered by messenger or courier service (against appropriate receipt), or

9

 

two business days after being mailed by registered or certified mail (return receipt
requested), to an address furnished by a party hereto to the other party in writing from time to
time.

     13. Governing Law. This Agreement shall be governed by and construed in accordance
with the internal laws of the State of New York applicable to contracts made and to be entirely
performed within such State.

     14. [Reserved]

     15. Dispute Resolution.

          (a) Subject to the provisions of Section 15(b), any dispute, controversy or claim arising
between the parties relating to this Agreement, or otherwise relating in any way to Executive’s
employment by or interest in the Company or any of its affiliates (whether such dispute arises
under any federal, state or local statute or regulation, or at common law), shall be resolved by
final and binding arbitration before a single arbitrator, selected by the American Arbitration
Association in accordance with its rules pertaining at the time the dispute arises. In such
arbitration proceedings, the arbitrator shall have the discretion, to be exercised in accordance
with applicable law, to allocate among the parties the arbitrator’s fees, tribunal and other
administrative costs. The award of the arbitrator may be confirmed before and entered as a
judgment of any court having jurisdiction over the parties.

          (b) The provisions of Section 15(a) shall not apply with respect to any application made by
the Company for injunctive relief under this Agreement.

     16. Section 409A. If any compensation or benefits provided by this Agreement may
result in the application of Section 409A of the Internal Revenue Code of 1986, as amended (the
“Code”), the Company shall, in consultation with Executive, modify the Agreement in the least
restrictive manner necessary in order to, where applicable, (a) exclude such compensation from the
definition of “deferred compensation” within the meaning of such Section 409A or (b) comply with
the provisions of such Section 409A, other applicable provision(s) of the Code and/or any rules,
regulations or other regulatory guidance issued under such statutory provisions and to make such
modifications, in each case, without any diminution in the value of the payments to Executive. To
the extent required in order to comply with Section 409A of the Code, amounts and benefits to be
paid or provided to Executive under Section 6 of this Agreement shall be paid or provided to
Executive on the first business day after the date that is six months following the Date of
Termination.

     17. Headings. The paragraph headings used or contained in this Agreement are for
convenience of reference only and shall not affect the construction of this Agreement.

     18. Entire Agreement. This Agreement constitutes the entire agreement between the
parties with respect to the matters set forth herein and supersedes any prior agreements or
understandings. There are no promises or undertakings with respect to Executive’s employment or
the subject matter hereof other than as expressly set forth herein.

     19. Execution in Counterparts. This Agreement may be executed in any number of
counterparts and by different parties hereto on separate counterparts, each of which counterparts,

10

 

when so executed and delivered, shall be deemed to be an original and all of which
counterparts, taken together, shall constitute but one and the same Agreement.

[THE NEXT PAGE IS THE SIGNATURE PAGE]

11

 

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year
first set forth above.

	 	 	 	 	 
	 
	 	
Salvatore (Torey) Riso, Jr.

CARE INVESTMENT TRUST INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

12

 

Exhibit A

FORM OF CONFIDENTIALITY AND RELEASE AGREEMENT

          THIS CONFIDENTIALITY AND RELEASE AGREEMENT (“Agreement”)
is dated the __ th day of ________,
20__, and is made by and between Care Investment Trust (“Care”) and Salvatore (Torey) Riso, Jr.
(“Officer”).

          WHEREAS, Officer has served as the Chief Executive Officer and President (“collectively, CEO”)
of Care pursuant to an employment agreement dated as of November 4, 2010 (the “Employment
Agreement”); and

          WHEREAS, Officer and the Company desire to settle fully and finally any and all matters
between them and any issues that might have arisen out of Officer’s service as CEO of the Company
and the termination thereof.

          NOW, THEREFORE, in consideration of the promises, covenants and the mutual agreements set
forth herein and in the Employment Agreement, the parties voluntarily agree as follows:

     1. Waiver. Except for the benefits described in Section 6(_) of the Employment
Agreement, Officer hereby waives any and all claims to compensation, payments, or benefits of any
kind (whether pursuant to a written agreement or otherwise) from the Company.

     2. Non-Disclosure. (a) Officer agrees that Officer shall keep confidential, to the
full extent permitted by law, the terms of this Agreement, and all performance hereunder, except as
permitted by the Company or: (1) to the extent necessary to report income to appropriate taxing
authorities; (2) to members of his immediate family, who have agreed to be bound by the
confidentiality provisions of this Agreement; (3) to any attorney, C.P.A. or tax or financial
advisor for the purpose of confidentially obtaining any legal or tax or financial planning advice
pertaining to this Agreement and/or for the purpose of representation of his interest in connection
with any inquiry or action on the part of any government or taxing authority or agency; (4) in
response to an order of a court of competent jurisdiction or subpoena issued under the authority
thereof; or (5) in response to any inquiry or subpoena issued by a state or federal governmental
agency; provided, however, that notice of receipt of such judicial order, inquiry
or subpoena shall immediately be communicated to the Company telephonically, and confirmed
immediately thereafter in writing, so that the Company will have the opportunity to intervene to
assert what rights it has to non-disclosure prior to the response to the order, inquiry or subpoena
and Officer will cooperate with and support such efforts. Officer agrees that if he (or his tax
advisor or spouse) violates the terms of this Paragraph, Officer will be deemed to have materially
breached this Agreement.

     (b) Officer agrees that Officer will not make or issue, or procure any person, firm or entity
to make or issue, any statement in any form concerning the Releasees (as defined below), Officer’s
relationship with the Company or Officer’s resignation of his office

 

 

with the Company to any person or entity if such statement is harmful to or disparaging of the
Company or any of the Releasees.

     3. Prohibited Conduct. Officer agrees that he has not and will not engage in any
conduct that is injurious to the Company’s reputation and interests, including, but not limited to,
(1) divulging, communicating, or in any way making use of any confidential or proprietary
information acquired in the performance of his duties for Releasees (as that term is defined in
Section 8(a)); and (2) disparaging (or inducing others to disparage) Releasees, including making
comments or statements that would adversely affect the Company to the press or media, the Company’s
business partners, joint venture partners, tenants, borrowers, customers, competitors, or suppliers
or other individuals or entities with whom the Company has a business relationship. The terms of
this subsection are not intended to and shall not be interpreted to limit Officer’s obligations
pursuant to any prior agreements with the Company or applicable law.

     4. Return of Property. Officer agrees that he will, prior to _______ __, 20__, return
to the Company any and all cellular telephones, PDAs, Blackberries, laptop computers, notes, keys,
card keys or security passes, Company identification cards, Company credit or phone cards, computer
access codes and programs, files, memoranda, business plans, documents and, in general, any and all
tangible matter containing confidential information or information otherwise relating to the
Company’s business, including but not limited to all such information in electronic format
regardless of where such information is stored. Officer further agrees to return immediately any
property of the Company that may come into his possession or under his control.

     5. Release. (a) Officer acknowledges that there are various foreign, state and
federal laws that prohibit discrimination on the basis of, among other things, age, gender
(including sexual harassment), race, color, marital status, sexual preference/orientation, national
origin, religion, disability or veteran status. In consideration for the benefits provided herein
and in the Employment Agreement, Officer, as his free and voluntary act on behalf of himself, his
heirs, administrators, executors, successors and assigns (collectively, the “Releasor”) hereby
releases and discharges the Company, its predecessor companies, successors and assigns and their
present or former shareholders, members, directors, officers, employees, and agents, and their
various benefits committees, trustees, fiduciaries, administrators, plans, and trusts (collectively
“Releasees”), of and from any and all debts, obligations, claims (including claims for attorneys’
fees and costs), demands, judgments or causes of action of any kind whatsoever in tort, contract,
by statute, or on any other basis for compensatory, punitive or other damages, whether known or
unknown, which Releasor ever had, now has or may have as of the date of signing this Agreement
against Releasees arising out of Officer’s employment by the Company and the termination of that
employment, including, but not limited to, claims for, arising out of or based on: (i) breach of
an alleged oral or written contract (express or implied); (ii) Title VII of the Civil Rights Act
of 1964; (iii) the Civil Rights Act of 1866 and 1871; (iv) the Americans with Disabilities Act; (v)
the Civil Rights Act of 1991; (vi) any Executive Order or based on any Federal, State or Local
regulation; (vii) the Age Discrimination in Employment Act of 1967, as amended (“ADEA”); (viii) the

Page 2 of 6

 

Older Workers’ Benefit Protection Act of 1990; (ix) the Rehabilitation Act of 1973; (x) the Family
and Medical Leave Act; (xi) the Employee Retirement Income Security Act; (xii) the Sarbanes-Oxley
Act of 2002; (xiii) any applicable whistleblower statute; (xiv) wrongful discharge, (xv)
intentional or negligent misrepresentation; (xvi) retaliatory or constructive discharge; (xvii)
interference with contract; (xviii) detrimental reliance; (xviv) defamation; (xx) emotional
distress; (xxi) the Worker Adjustment and Retraining Notification Act, as amended; (xxii) any other
applicable foreign, Federal, state or local government discrimination or similar statute, ordinance
or order that he might have or assert against any of said entities or persons by reason of his
employment with the Company or the cessation of said employment and all circumstances related
thereto, all claims for any compensation including back wages, front pay, bonuses, fringe benefits,
severance benefits; and (xxiii) any claim for attorneys’ fees and costs, and interest
(collectively, the “Claims”).

     (b) Officer represents that he has not filed any charge or lawsuit against the Company with
any governmental agency or Court. With respect to any charges that have been or may be filed
concerning events or actions relating to Officer’s employment or termination of employment and
which occurred on or before the date of this Agreement, Officer additionally waives and releases
any right he may have to recover money or any personal injunctive relief in any lawsuit or
administrative proceeding brought by any person on his behalf or which includes him in any class.
If Officer is made a member of a class in any proceeding, he shall opt out promptly after learning
of his inclusion. In this regard, Officer agrees to sign, without objection or delay, an “opt out”
form presented to him either by the court in which such proceeding is pending or by counsel for any
Releasee who is made a defendant in such proceeding. Officer expressly acknowledges that this
Agreement is intended to include in its effect, without limitation, not only Claims that are known,
anticipated or disclosed, but also Claims that are unknown, unanticipated and undisclosed, but
which may nevertheless exist as of the date of this Agreement. Officer expressly waives any right
to assert after the execution of this Agreement that any Claim that existed on or prior to the
effective date of this Agreement, through ignorance or oversight, has been omitted from the scope
of this Agreement. This Agreement does not waive or release any rights or claims which may arise
after the date Officer signs the Agreement.

     (c) Officer understands that nothing contained in this Agreement shall prohibit him from (a)
bringing any action to enforce the terms of this Agreement; (b) filing a timely charge or complaint
with the Equal Employment Opportunity Commission (“EEOC”) regarding the validity of this Agreement;
or (c) filing a timely charge or complaint with the EEOC or participating in any investigation or
proceeding conducted by the EEOC regarding any other claim. However, consistent with the release
language set forth in this Section 5, Officer acknowledges that he has waived any right to personal
recovery or personal injunctive relief in connection with any such charge or complaint whether
brought by him, by any administrative agency, or by any other person on his behalf or which
includes him in any class. Other than as set forth in this Section 5(c), Officer represents that he
has not and will not file any charge, claim or complaint of any kind against the Company with
respect to any events occurring on or before the date of this Agreement.

Page 3 of 6

 

     6. Invalid Provisions. If any provision, or portion thereof, of this Agreement is
determined to be invalid under applicable statute or rule of law, only such provisions, and only to
the extent determined to be invalid, shall be deemed omitted from this Agreement, the remainder of
which Agreement shall remain fully in force and effect; provided, however, that
upon any finding by a court of competent jurisdiction that the release and/or promises provided
herein are illegal, void or unenforceable, Officer agrees, at the Company’s request, to execute
promptly a release, waiver and/or promise of comparable scope that is legal and enforceable.

     7. Amendment. This Agreement shall not be amended, modified, or supplemented without
specific written provision to that effect, signed by both parties. No oral statement of any person
whosoever shall, in any manner or degree, modify or otherwise affect the terms and provisions of
this Agreement.

     8. Injunctive Relief. Officer further agrees and acknowledges that money damages may
not be a sufficient remedy for any actual or threatened breach of this Agreement by Officer, and
that, in addition to all other remedies, the Company may be entitled to specific performance and
injunctive or other equitable relief as a remedy for any such breach.

     9. Governing Law. THE CONSTRUCTION, INTERPRETATION AND PERFORMANCE OF THIS AGREEMENT
SHALL BE GOVERNED BY THE LAWS OF THE STATE IN WHICH EMPLOYEE WAS ENGAGED ON THE EFFECTIVE DATE OF
TERMINATION OF HIS EMPLOYMENT PURSUANT TO THE EMPLOYMENT AGREEMENT (THE “TERMINATION EFFECTIVE
DATE”)WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES.

     10. Entire Agreement. This Agreement and the Employment Agreement contain the entire
agreement between the Company and Officer and fully supersede any and all prior agreements or
understandings pertaining to the subject matter hereof or Officer’s employment with the Company.
Officer represents and acknowledges that in executing this Agreement he has not relied upon any
representation or statement not set forth herein made by the Company or by any of its affiliates,
agents, representatives or attorneys with regard to the subject matter of this Agreement.

     11. Timing of Execution of This Agreement. Officer has the longer of twenty-one (21)
calendar days or through the Termination Effective Date to sign this Agreement. The earliest
Officer may sign this Agreement is seven (7) calendar days before the Termination Effective Date.
The Agreement will not be accepted and will not become effective if signed by Officer before seven
(7) calendar days before the Termination Effective Date. Officer may revoke this Agreement within
seven (7) calendar days after signing this Agreement, as described in Section 12 below.

     12. Review and Revocation Periods. (a) Officer understands that, pursuant to the
Older Workers’ Benefit Protection Act of 1990 (in case it should be held to apply), (i) he

Page 4 of 6

 

has been advised to consult with an attorney to review this Agreement, (ii) he has been given at
least twenty-one (21) calendar days to consider the Agreement before signing it, and (iii) he may
revoke the Agreement within seven (7) calendar days after signing it. Officer understands that
this revocation can be made by delivering the written notice of revocation to
________________________.

     (b) Officer agrees that if he executes this Agreement prior to the expiration of
twenty-one (21) calendar days after receiving it, Officer acknowledges that he had sufficient time
to consider this Agreement.

     (c) Officer understands that this Agreement shall not become effective until the
expiration of the revocation period: that is, this Agreement shall not become effective until the
eighth (8th ) calendar day after Officer signs this Agreement.

     13. Litigation. Officer agrees to cooperate with the Company in the execution of and
filing of whatever documents are necessary or helpful in effectuating this Agreement. Officer
agrees to cooperate with the Company in the truthful and honest investigation, prosecution and/or
defense of any claim in which the Releasees may have an interest (subject to reasonable limitations
concerning time and place), which may include without limitation (subject to the payment of
reasonable out-of-pocket expenses incurred for the benefit of Releasees and, in the case of
extraordinary expenses, only at the Company’s prior and specific request) making himself available
to participate in any proceeding involving any of the Releasees, allowing himself to be interviewed
by representatives of the Releasees without assertion of privilege, participating as requested in
interviews and/or preparation by any of the Releasees of other witnesses, protecting the applicable
legal privileges of the Releasees, appearing for depositions and testimony without requiring a
subpoena, and producing and/or providing any documents or names of other persons with relevant
information. The Company will attempt to provide reasonable notice to Officer if his participation
or testimony is needed. Officer will not waive the privileges enjoyed by any of the Releasees
without their prior written permission.

     14. Non-Admission. Nothing contained in this Agreement, or the fact of its submission
to Officer, shall be admissible evidence in any judicial, administrative, or other legal
proceeding, or be construed, as an admission of any liability or wrongdoing on the part of the
Company or the Releasees, of any violation of federal or state statutory or common law or
regulation or of any contract or benefit plan.

     BY SIGNING THIS AGREEMENT, EMPLOYEE ACKNOWLEDGES THAT HE (i) HAS READ, UNDERSTANDS, AND
VOLUNTARILY AND KNOWINGLY ACCEPTS ALL OF THE PROVISIONS OF THIS AGREEMENT, (ii) IS HEREBY ADVISED
TO CONSULT WITH AN ATTORNEY BEFORE SIGNING THIS AGREEMENT, (iii) UNDERSTANDS THE AGREEMENT AND
KNOWS THAT HE IS GIVING UP IMPORTANT RIGHTS, INCLUDING CLAIMS UNDER THE FEDERAL AGE DISCRIMINATION
IN EMPLOYMENT ACT AND (iv) HAS SIGNED THIS AGREEMENT KNOWINGLY AND VOLUNTARILY.

Page 5 of 6

 

CARE INVESTMENT TRUST INC.

	 	 	 	 	 	 	 

	BY:  
	 	 	 	 	 
	 
	Title:
	 	 	Date
	 	 
	 
	 	 	 	 	 	 
	 
	OFFICER	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Name

	 	Date
	 	 

Page 6 of 6

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