Document:

exv10w57

Exhibit 10.57

NATIONSTAR
MORTGAGE HOLDINGS INC.

2012 INCENTIVE COMPENSATION PLAN

(As Adopted February 24, 2012)

1. Purpose of the Plan

          This Nationstar 2012 Incentive Plan is intended to promote the interests of Nationstar and its
shareholders by providing employees, consultants and directors of the Company, who are largely
responsible for the management, growth and protection of the business of the Company, with
incentives and rewards to encourage them to continue in the service of the Company and with a
proprietary interest in pursuing the long-term growth, profitability and financial success of the
Company.

2. Definitions

          As used in the Plan or in any instrument governing the terms of any Award, the following
definitions apply to the terms indicated below:

	 	(a)	 	     “Award” means one or more Stock Incentive Awards and Cash-Based Awards,
collectively.
	 
	 	(b)	 	     “Board of Directors” means the Board of Directors of Nationstar.
	 
	 	(c)	 	     “Cash-Based Award” means an award granted pursuant to Section 8 of the Plan.
	 
	 	(d)	 	     “Change in Control” has the meaning assigned to such term in Section 19 of the
Plan.
	 
	 	(e)	 	     “Code” means the Internal Revenue Code of 1986, as amended from time to time,
and all regulations, interpretations and administrative guidance issued thereunder.
	 
	 	(f)	 	     “Committee” means the Compensation Committee of the Board of Directors or such
other committee as the Board of Directors shall appoint from time to time to administer
the Plan and to otherwise exercise and perform the authority and functions assigned to
the Committee under the terms of the Plan.
	 
	 	(g)	 	     “Common Stock” means
Nationstar’s Common Stock, $0.01 par value per share, or
any other security into which the common stock shall be changed pursuant to the
adjustment provisions of Section 10 of the Plan.
	 
	 	(h)	 	     “Company” means Nationstar and all of its Subsidiaries, collectively.

 

 

	 	(i)	 	     “Covered Employee” means any person who is an executive officer of Nationstar
at the time as of which reference to this definition is made.
	 
	 	(j)	 	     “Effective Date”
means February 24, 2012.
	 
	 	(k)	 	     “Exchange Act” means the Securities Exchange Act of 1934, as amended.
	 
	 	(l)	 	     “Fair Market Value” means, with respect to a share of Common Stock, as of the
applicable date of determination (i) the average of the high and low sales prices on
the immediately preceding business day of a share of Common Stock as reported on the
principal securities exchange on which shares of Common Stock are then listed or
admitted to trading or (ii) if not so reported, the average of the closing bid and ask
prices on the immediately preceding business day as reported on the National
Association of Securities Dealers Automated Quotation System or (iii) if not so
reported, as furnished by any member of the National Association of Securities Dealers,
Inc. selected by the Committee. In the event that the price of a share of Common Stock
shall not be so reported, the Fair Market Value of a share of Common Stock shall be
determined by the Committee in its sole discretion.
	 
	 	(m)	 	     “Incentive Pool” means an amount available to be paid to one or more
Participants as Performance-Based Compensation, which amount is determined in
accordance with Section 162(m) of the Code.
	 
	 	(n)	 	     “Nationstar” means Nationstar Mortgage Holdings Inc., a Delaware corporation
and any successor thereto.
	 
	 	(o)	 	     “Other Stock-Based Award” means an award granted to a Participant pursuant to
Section 7 of the Plan.
	 
	 	(p)	 	     “Participant” means a director, employee or consultant of the Company who is
eligible to participate in the Plan and to whom one or more Awards have been granted
pursuant to the Plan and, following the death of any such Person, his successors,
heirs, executors and administrators, as the case may be.
	 
	 	(q)	 	     “Performance-Based Compensation” means compensation that satisfies the
requirements of Section 162(m) of the Code for deductibility of remuneration paid to
Covered Employees.
	 
	 	(r)	 	     “Performance Measures” means such measures as are described in Section 9 on
which performance goals are based in order to qualify certain Awards granted hereunder
as Performance-Based Compensation.
	 
	 	(s)	 	     “Performance Percentage” means the factor determined pursuant to a Performance
Schedule that is to be applied to a Target Award or Incentive Pool and that reflects
actual performance compared to the Performance Target.

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	 	(t)	 	     “Performance Period” means the period of time during which the performance
goals must be met in order to determine the degree of payout and/or vesting with
respect to an Award that is intended to qualify as Performance-Based Compensation.
Performance Periods may be overlapping.
	 
	 	(u)	 	     “Performance Schedule” means a schedule or other objective method for
determining the applicable Performance Percentage to be applied to each Target Award or
Incentive Pool.
	 
	 	(v)	 	     “Performance Target” means performance goals and objectives with respect to a
Performance Period.
	 
	 	(w)	 	     “Person” means a “person” as such term is used in Section 13(d) and 14(d) of
the Exchange Act, including any “group” within the meaning of Section 13(d)(3) under
the Exchange Act.
	 
	 	(x)	 	     “Plan” means this Nationstar 2012 Incentive Compensation Plan, as it may be
amended from time to time.
	 
	 	(y)	 	     “Securities Act” means the Securities Act of 1933, as amended.
	 
	 	(z)	 	     “Stock Incentive Award” means a Stock Option or Other Stock-Based Award granted
pursuant to the terms of the Plan.
	 
	 	(aa)	 	     “Stock Option” means a stock option to purchase shares of Common Stock granted
to a Participant pursuant to Section 6.
	 
	 	(bb)	 	     “Subsidiary” means any “subsidiary” within the meaning of Rule 405 under the
Securities Act.
	 
	 	(cc)	 	     “Target Award” means a Cash-Based Award of a specific dollar amount or portion
of an Incentive Pool, determined by the Committee, pursuant to Performance Measures as
described in Section 9 of the Plan.
	 
	 	(dd)	 	     “Voting Securities” means, at any time, Nationstar’s then outstanding voting
securities.

3. Stock Subject to the Plan and Limitations on Cash-Based Awards

          (a) Stock Subject to the Plan

          The maximum number of shares of Common Stock that may be covered by Awards granted under the
Plan shall not exceed 5,200,000 shares of Common Stock in the aggregate, subject, during the
term of the Plan, to annual increases of 150,000 shares of Common Stock on each anniversary of the
Effective Date. The shares referred to in the preceding sentences of this paragraph shall in each
case be subject to adjustment as provided in

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Section 10 and the following provisions of this
Section 3. Shares of Common Stock issued under the Plan may be either authorized and unissued
shares or treasury shares, or both, at the sole discretion of the Committee.

          For purposes of the preceding paragraph, shares of Common Stock covered by Awards shall only
be counted as used to the extent they are actually issued and delivered to a Participant (or such
Participant’s permitted transferees as described in the Plan) pursuant to the Plan. For purposes
of clarity, in accordance with the preceding sentence if an Award is settled for cash or if shares
of Common Stock are withheld to pay the exercise price of a Stock Option or to satisfy any tax
withholding requirement in connection with an Award, only the shares issued (if any), net of the
shares withheld, will be deemed delivered for purposes of determining the number of shares of
Common Stock that are available for delivery under the Plan. In addition, if shares of Common
Stock are issued subject to conditions which may result in the forfeiture, cancellation or return
of such shares to the Company, any portion of the shares forfeited, cancelled or returned shall be
treated as not issued pursuant to the Plan. In addition, if shares of Common Stock owned by a
Participant (or such Participant’s permitted transferees as described in the Plan) are tendered
(either actually or through attestation) to the Company in payment of any obligation in connection
with an Award, the number of shares tendered shall be added to the number of shares of Common Stock
that are available for delivery under the Plan. Shares of Common Stock covered by Awards granted
pursuant to the Plan in connection with the assumption, replacement, conversion or adjustment of
outstanding equity-based awards in the context of a corporate acquisition or merger (within the
meaning of Section 303A.08 of the New York Stock Exchange Listed Company Manual) shall not count as
used under the Plan for purposes of this Section 3.

          (b) Individual Award Limits

          Subject to adjustment as provided in Section 10 of the Plan, the maximum number of shares of
Common Stock that may be covered by Awards granted under the Plan to any single Participant in any
calendar year shall not exceed 3,000,000 shares. The amount payable to any Participant with respect to
any calendar year for all Cash-Based Awards for which the Performance Period is not longer than one
year shall not exceed $20,000,000. The amount payable to any Participant with respect to any calendar
year for all Cash-Based Awards for which the Performance Period is longer than one year shall not
exceed $20,000,000. For purposes of the preceding sentences, the phrase “amount payable with respect to
any calendar year” means the amount of cash, or value of other property, required to be paid based
on the achievement of applicable Performance Measures during a Performance Period that ends in a
calendar year, disregarding any deferral pursuant to the terms of a deferred compensation plan or
agreement.

4. Administration of the Plan

          The Plan shall be administered by a Committee of the Board of Directors consisting of two or
more persons, each of whom qualifies as a “non-employee director” (within the meaning of Rule 16b-3
promulgated under Section 16 of the Exchange Act), an “outside director” within the meaning of
Treasury Regulation Section 1.162-27(e)(3) and as “independent” within the

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meaning of any
applicable stock exchange or similar regulatory authority. The Committee shall, consistent with
the terms of the Plan, from time to time designate those employees and consultants of the Company
who shall be granted Awards under the Plan and the amount, type and other terms and conditions of
such Awards. All of the powers and responsibilities of the Committee under the Plan may be
delegated by the Committee, in writing, to any subcommittee thereof. In addition, the Committee
may from time to time authorize a subcommittee consisting of one or more members of the Board of
Directors (including members who are employees of the Company) or employees of Nationstar to grant
Awards to persons who are not “executive officers” of Nationstar (within the meaning of Rule 16a-1
under the Exchange Act), subject to such restrictions and limitation as the Committee may specify.
In addition, the Board of Directors may, consistent with the terms of the Plan, from time to time
grant Awards to Directors.

          The Committee shall have full discretionary authority to administer the Plan, including
discretionary authority to interpret and construe any and all provisions of the Plan and the terms
of any Award (and any agreement evidencing any Award) granted thereunder and to adopt and amend
from time to time such rules and regulations for the administration of the Plan as the Committee
may deem necessary or appropriate. Without limiting the generality of the foregoing, the Committee
shall determine whether an authorized leave of absence, or absence in military or government
service, shall constitute termination of employment. The employment of a Participant with the
Company shall be deemed to have terminated for all purposes of the Plan if such Participant is
employed by or provides services to a Person that is a Subsidiary of the Company and such Person
ceases to be a Subsidiary of the Company, unless the Committee determines otherwise. Decisions of
the Committee shall be final, binding and conclusive on all parties.

          Upon the occurrence of a Change in Control, the Committee shall have full discretionary
authority to (i) accelerate the vesting of any Award, and/or (ii) provide for payment of any Award.

          On or after the date of grant of an Award under the Plan, the Committee may (i) accelerate the
date on which any such Award becomes vested, exercisable or transferable, as the case may be, (ii)
extend the term of any such Award, including, without limitation, extending the period following a
termination of a Participant’s employment during which any such Award may remain outstanding, (iii)
waive any conditions to the vesting, exercisability or transferability, as the case may be, of any
such Award or (iv) provide for the payment of dividends or dividend equivalents with respect to any
such Award; provided, that the Committee shall not have any such authority to the extent
that the grant of such authority would cause any tax to become due under Section 409A of the Code.

          No member of the Committee shall be liable for any action, omission, or determination relating
to the Plan, and Nationstar shall indemnify and hold harmless each member of the Committee and each
other director or employee of the Company to whom any duty or power relating to the administration
or interpretation of the Plan has been delegated against any cost or expense (including counsel
fees) or liability (including any sum paid in settlement of a claim

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with the approval of the
Committee) arising out of any action, omission or determination relating to the Plan, unless, in
either case, such action, omission or determination was taken or made by such member, director or
employee in bad faith and without reasonable belief that it was in the best interests of the
Company.

5. Eligibility

          The Persons who shall be eligible to receive Awards pursuant to the Plan shall be those
employees and consultants of the Company and directors whom the Committee shall select from time to
time, including those key employees (including officers of Nationstar, whether or not they are
directors) who are largely responsible for the management, growth and protection of the business of
the Company. Each Award granted under the Plan shall be evidenced by an instrument in writing in
form and substance approved by the Committee.

6. Stock Options

          The Committee may from time to time grant Stock Options, subject to the following terms and
conditions:

          (a) Exercise Price

          The exercise price per share of Common Stock covered by any Stock Option shall be not less
than 100% of the Fair Market Value of a share of Common Stock on the date on which such Stock
Option is granted. Each Stock Option granted hereunder is intended to be a non-qualified Stock
Option and is not intended to qualify as an “incentive stock option” within the meaning of Section
422 of the Code.

          (b) Term and Exercise of Stock Options

          (1) Each Stock Option shall become vested and exercisable on such date or dates, during such
period and for such number of shares of Common Stock as shall be determined by the Committee on or
after the date such Stock Option is granted; provided, however that no Stock Option
shall be exercisable after the expiration of ten years from the date such Stock Option is granted;
and, provided, further, that each Stock Option shall be subject to earlier
termination, expiration or cancellation as provided in the Plan or in the agreement evidencing such
Stock Option.

          (2) Each Stock Option may be exercised in whole or in part; provided, however
that no partial exercise of a Stock Option shall be for an aggregate exercise price of less than
$1,000. The partial exercise of a Stock Option shall not cause the expiration, termination or
cancellation of the remaining portion thereof.

          (3) A Stock Option shall be exercised by such methods and procedures as the Committee
determines from time to time, including without limitation through net physical settlement or other
method of cashless exercise.

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          (4) Stock Options may not be sold, pledged, assigned, hypothecated, transferred, or disposed
of in any manner other than by will or by the laws of descent or distribution and may be exercised,
during the lifetime of a Participant, only by the Participant; provided, however
that the Committee may permit Stock Options to be sold, pledged, assigned, hypothecated,
transferred, or disposed of, on a general or specific basis, subject to such conditions and
limitations as the Committee may determine.

          (c) Effect of Termination of Employment or Other Relationship

          The agreement evidencing the award of each Stock Option shall specify the consequences with
respect to such Stock Option of the termination of the employment, service as a director or other
relationship between the Company and the Participant holding the Stock Option.

7. Other Stock-Based Awards

          The Committee may grant equity-based or equity-related awards not otherwise described herein
in such amounts and subject to such terms and conditions as the Committee shall determine. Without
limiting the generality of the preceding sentence, each such Other Stock-Based Award may (i)
involve the transfer of actual shares of Common Stock to Participants, either at the time of grant
or thereafter, or payment in cash or otherwise of amounts based on the value of shares of Common
Stock, (ii) be subject to performance-based and/or service-based conditions, (iii) be in the form
of stock appreciation rights, phantom stock, restricted stock, restricted stock units, performance
shares, deferred share units or share-denominated performance units, (iv) be designed to comply
with applicable laws of jurisdictions other than the United States and (v) be designed to qualify
as Performance-Based Compensation; provided, that each Other Stock-Based Award shall be
denominated in, or shall have a value determined by reference to, a number of shares of Common
Stock that is specified at the time of the grant of such award.

8. Cash-Based Awards

          The Committee may grant Cash-Based Awards with respect to any Performance Period, subject to
the terms and conditions of the Plan. Cash-Based Awards may be settled in cash or in other
property, including shares of Common Stock, provided that the term “Cash-Based Award” shall exclude
any Stock Option or Other Stock-Based Award. Cash-Based Awards may be designed to qualify as
Performance-Based Compensation. Without limiting the generality of the foregoing, a Cash-Based
Award may provide for Target Awards based on allocation among Participants of an Incentive Pool.

9. Performance-Based Compensation

          (a) Calculation

          The amount payable with respect to an Award that is intended to qualify as Performance-Based
Compensation shall be determined in any manner permitted by Section 162(m) of the Code.

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          (b) Discretionary Reduction

          The Committee may, in its discretion, reduce or eliminate the amount payable to any
Participant with respect to an Award that is intended to qualify as Performance-Based Compensation,
based on such factors as the Committee may deem relevant, but the Committee may not increase any
such amount above the amount established in accordance with the relevant Performance Schedule. For
purposes of clarity, the Committee may exercise the discretion provided for by the foregoing
sentence in a non-uniform manner among Participants.

          (c) Performance Measures

          The performance goals upon which the payment or vesting of any Award (other than Stock Options
and stock appreciation rights) to a Covered Employee that is intended to qualify as
Performance-Based Compensation depends shall relate to one or more of the following Performance
Measures: (i) net income or operating net income (before or after taxes, interest, depreciation,
amortization, and/or nonrecurring/unusual items), (ii) return on assets, return on capital, return
on equity, return on economic capital, return on other measures of capital, return on sales or
other financial criteria, (iv) revenue or net sales, (v) gross profit or operating gross profit,
(vi) cash flow, (vii) productivity or efficiency ratios, (viii) share price or total shareholder
return, (ix) earnings per share, (x) budget and expense management, (xi) customer and product
measures, including market share, high value client growth, and customer growth, (xii) working
capital turnover and targets, (xiii) margins, and (xiv) economic value added or other value added
measurements, and (xv) any other measure of financial performance that can be determined pursuant
to U.S. generally accepted accounting principles, or any combination of any of the foregoing, in
any such case (x) considered absolutely or relative to historic performance or relative to one or
more other businesses and (y) determined for the Company or any business unit or division thereof.

          Within 90 days after the beginning of a Performance Period, and in any case before 25% of the
Performance Period has elapsed, the Committee shall establish (a) Performance Targets for such
Performance Period, (b) Target Awards for each Participant, and (c) Performance Schedules for such
Performance Period.

          The measurement of any Performance Measure(s) may exclude the impact of charges for
restructurings, discontinued operations, extraordinary items, and other unusual or non-recurring
items, and the cumulative effects of accounting changes, each as defined by generally accepted
accounting principles and as identified in the Company’s audited financial statements, including
the notes thereto. Any Performance Measure(s) may be used to measure the performance of the
Company or a Subsidiary as a whole or any business unit of the Company or any Subsidiary or any
combination thereof, as the Committee may deem appropriate, or any of the above Performance
Measures as compared to the performance of a group of comparator companies, or a published or
special index that the Committee, in its sole discretion, deems appropriate.

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          Nothing in this Section 9 is intended to limit the Committee’s discretion to adopt conditions
with respect to any Award that is not intended to qualify as Performance-Based Compensation that
relate to performance other than the Performance Measures. In addition, the Committee may, subject
to the terms of the Plan, amend previously granted Awards in a way that disqualifies them as
Performance-Based Compensation.

10. Adjustment Upon Certain Changes

          (a) Shares Available for Grants

          In the event of any change in the number of shares of Common Stock outstanding by reason of
any stock dividend or split, recapitalization, merger, consolidation, combination or exchange of
shares or similar corporate change, the maximum aggregate number of shares of Common Stock with
respect to which the Committee may grant Awards and the maximum aggregate number of shares of
Common Stock with respect to which the Committee may grant Awards to any individual Participant in
any year shall be appropriately adjusted by the Committee. In the event of any change in the
number of shares of Common Stock outstanding by reason of any other similar event or transaction,
the Committee may, to the extent deemed appropriate by the Committee, make such adjustments in the
number and class of shares of Common Stock with respect to which Awards may be granted.

          (b) Increase or Decrease in Issued Shares Without Consideration

          Subject to any required action by the shareholders of Nationstar, in the event of any increase
or decrease in the number of issued shares of Common Stock resulting from a subdivision or
consolidation of shares of Common Stock or the payment of a stock dividend (but only on the shares
of Common Stock), or any other increase or decrease in the number of such shares effected without
receipt or payment of consideration by the Company, the Committee may, to the extent deemed
appropriate by the Committee, adjust the number of shares of Common Stock subject to each
outstanding Award and the exercise price per share of Common Stock of each such Award.

          (c) Certain Mergers

          Subject to any required action by the shareholders of Nationstar, in the event that Nationstar
shall be the surviving corporation in any merger, consolidation or similar transaction as a result
of which the holders of shares of Common Stock receive consideration consisting exclusively of
securities of such surviving corporation, the Committee may, to the extent deemed appropriate by
the Committee, adjust each Award outstanding on the date of such merger or consolidation so that it
pertains and applies to the securities which a holder of the number of shares of Common Stock
subject to such Award would have received in such merger or consolidation.

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          (d) Certain Other Transactions

          In the event of (i) a dissolution or liquidation of Nationstar, (ii) a sale of all or
substantially all of the Company’s assets (on a consolidated basis), (iii) a merger, consolidation
or similar transaction involving Nationstar in which Nationstar is not the surviving corporation or
(iv) a merger, consolidation or similar transaction involving Nationstar in which Nationstar is the
surviving corporation but the holders of shares of Common Stock receive securities of another
corporation and/or other property, including cash, the Committee shall, in its sole discretion,
have the power to:

     (i) cancel, effective immediately prior to the occurrence of such event, each Award
(whether or not then exercisable), and, in full consideration of such cancellation, pay to
the Participant to whom such Award was granted an amount in cash, for each share of Common
Stock subject to such Award equal to the value, as determined by the Committee in its
reasonable discretion, of such Award, provided that with respect to any outstanding Stock
Option such value shall be equal to the excess of (A) the value, as determined by the
Committee in its reasonable discretion, of the property (including cash) received by the
holder of a share of Common Stock as a result of such event over (B) the exercise price of
such Stock Option; or

     (ii) provide for the exchange of each Award (whether or not then exercisable or
vested) for an Award with respect to, as appropriate, some or all of the property which a
holder of the number of shares of Common Stock subject to such Award would have received in
such transaction and, incident thereto, make an equitable adjustment as determined by the
Committee in its reasonable discretion in the exercise price of the Award, or the number of
shares or amount of property subject to the Award or, if appropriate, provide for a cash
payment to the Participant to whom such Award was granted in partial consideration for the
exchange of the Award.

          (e) Other Changes

          In the event of any change in the capitalization of Nationstar or corporate change other than
those specifically referred to in paragraphs (b), (c) or (d), the Committee may make such
adjustments in the number and class of shares subject to Awards outstanding on the date on which
such change occurs and in such other terms of such Awards as the Committee may consider
appropriate.

          (f) Cash-Based Awards

          In the event of any transaction or event described in this Section 10, including without
limitation any corporate change referred to in paragraph (e) hereof, the Committee may, in its sole
discretion, make such adjustments in any Performance Schedule, Performance Target or Target Award,
and in such other terms of any Cash-Based Awards, as the Committee may consider appropriate in
respect of such transaction or event, provided that such adjustment is consistent with the
requirements of Section 162(m) of the Code and the regulations thereunder.

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          (g) No Other Rights

          Except as expressly provided in the Plan, no Participant shall have any rights by reason of
any subdivision or consolidation of shares of stock of any class, the payment of any dividend, any
increase or decrease in the number of shares of stock of any class or any dissolution, liquidation,
merger or consolidation of Nationstar or any other corporation. Except as expressly provided in
the Plan, no issuance by Nationstar of shares of stock of any class, or securities convertible into
shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with
respect to, the number of shares or amount of other property subject to, or the terms related to,
any Award.

          (h) Savings Clause

          No provision of this Section 10 shall be given effect to the extent that such provision would
cause any tax to become due under Section 409A of the Code.

11. Rights Under the Plan

          No person shall have any rights as a stockholder with respect to any shares of Common Stock
covered by or relating to any Award granted pursuant to the Plan until the date of the issuance of
a stock certificate or of the entry on the Company’s books with respect to such shares. Except as
otherwise expressly provided in Section 10 hereof, no adjustment of any Award shall be made for
dividends or other rights for which the record date occurs prior to the date such stock certificate
is issued or book entry is made. Nothing in this Section 11 is intended, or should be construed,
to limit authority of the Committee to cause the Company to make payments based on the dividends
that would be payable with respect to any share of Common Stock if it were issued or outstanding,
or from granting rights related to such dividends.

          The Company shall not have any obligation to establish any separate fund or trust or other
segregation of assets to provide for payments under the Plan. To the extent any person acquires
any rights to receive payments hereunder from the Company, such rights shall be no greater than
those of an unsecured creditor.

12. No Special Employment Rights; No Right to Award

          (a) Nothing contained in the Plan or any Award shall confer upon any Participant any right
with respect to the continuation of his employment by or service to the Company or interfere in any
way with the right of the Company at any time to terminate such employment or service or to
increase or decrease the compensation of the Participant from the rate in existence at the time of
the grant of an Award.

          (b) No person shall have any claim or right to receive an Award hereunder. The Committee’s
granting of an Award to a Participant at any time shall neither require the Committee to grant an
Award to such Participant or any other Participant or other person at any time nor preclude the
Committee from making subsequent grants to such Participant or any other Participant or other
person.

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13. Securities Matters

          (a) Nationstar shall be under no obligation to effect the registration pursuant to the
Securities Act of any shares of Common Stock to be issued hereunder or to effect similar compliance
under any state laws. Notwithstanding anything herein to the contrary, Nationstar shall not be
obligated to cause to be issued or delivered any certificates evidencing shares of Common Stock
pursuant to the Plan unless and until Nationstar is advised by its counsel that the issuance and
delivery of such certificates is in compliance with all applicable laws, regulations of
governmental authority and the requirements of any securities exchange on which shares of Common
Stock are traded. The Committee may require, as a condition to the issuance and delivery of
certificates evidencing shares of Common Stock pursuant to the terms hereof, that the recipient of
such shares make such covenants, agreements and representations, and that such certificates bear
such legends, as the Committee deems necessary or desirable.

          (b) The exercise of any Stock Option granted hereunder shall only be effective at such time as
counsel to Nationstar shall have determined that the issuance and delivery of shares of Common
Stock pursuant to such exercise is in compliance with all applicable laws, regulations of
governmental authority and the requirements of any securities exchange on which shares of Common
Stock are traded. Nationstar may, in its sole discretion, defer the effectiveness of an exercise
of a Stock Option hereunder or the issuance or transfer of shares of Common Stock pursuant to any
Award pending or to ensure compliance under federal or state securities laws. Nationstar shall
inform the Participant in writing of its decision to defer the effectiveness of the exercise of a
Stock Option or the issuance or transfer of shares of Common Stock pursuant to any Award. During
the period that the effectiveness of the exercise of a Stock Option has been deferred, the
Participant may, by written notice, withdraw such exercise and obtain the refund of any amount paid
with respect thereto.

14. Withholding Taxes

          (a) Cash Remittance

          Whenever shares of Common Stock are to be issued upon the exercise of a Stock Option or the
grant or vesting of an Award, and whenever any amount shall become payable in respect of any Award,
Nationstar shall have the right to require the Participant to remit to Nationstar in cash an amount
sufficient to satisfy federal, state and local withholding tax requirements, if any, attributable
to such exercise, grant, vesting or payment prior to the delivery of any certificate or
certificates or the entry on the Company’s books for such shares or the effectiveness of the lapse
of such restrictions or making of such payment. In addition, upon the exercise or settlement of
any Award in cash, or any payment with respect to any Award, Nationstar shall have the right to
withhold from any payment required to be made pursuant thereto an amount sufficient to satisfy the
federal, state and local withholding tax requirements, if any, attributable to such exercise,
settlement or payment.

          (b) Stock Remittance

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          At the election of the Participant, subject to the approval of the Committee, when shares of
Common Stock are to be issued upon the exercise, grant or vesting of an Award, the Participant may
tender to Nationstar a number of shares of Common Stock having a Fair Market Value at the tender
date determined by the Committee to be sufficient to satisfy the minimum federal, state and local
withholding tax requirements, if any, attributable to such exercise, grant or vesting but not
greater than the minimum withholding obligations. Such election shall satisfy the Participant’s
obligations under Section 14(a) hereof, if any.

          (c) Stock Withholding

          At the election of the Participant, subject to the approval of the Committee, when shares of
Common Stock are to be issued upon the exercise, grant or vesting of an Award, Nationstar shall
withhold a number of such shares having a Fair Market Value at the exercise date determined by the
Committee to be sufficient to satisfy the minimum federal, state and local withholding tax
requirements, if any, attributable to such exercise, grant or vesting but not greater than the
minimum withholding obligations. Such election shall satisfy the Participant’s obligations under
Section 14(a) hereof, if any.

15. Amendment or Termination of the Plan

          The Board of Directors may at any time suspend or discontinue the Plan or revise or amend it
in any respect whatsoever; provided, however, that to the extent that any
applicable law, regulation or rule of a stock exchange requires shareholder approval in order for
any such revision or amendment to be effective, such revision or amendment shall not be effective
without such approval. The preceding sentence shall not restrict the Committee’s ability to
exercise its discretionary authority hereunder pursuant to Section 4 hereof, which discretion may
be exercised without amendment to the Plan. No provision of this Section 15 shall be given effect
to the extent that such provision would cause any tax to become due under Section 409A of the Code.
Except as expressly provided in the Plan, no action hereunder may, without the consent of a
Participant, reduce the Participant’s rights under any previously granted and outstanding Award.
Nothing in the Plan shall limit the right of the Company to pay compensation of any kind outside
the terms of the Plan.

16. No Obligation to Exercise

          The grant to a Participant of an Award shall impose no obligation upon such Participant to
exercise such Award.

13

 

17. Transfers Upon Death

          Upon the death of a Participant, outstanding Awards granted to such Participant may be
exercised only by the executors or administrators of the Participant’s estate or by any person or
persons who shall have acquired such right to exercise by will or by the laws of descent and
distribution. No transfer by will or the laws of descent and distribution of any Award, or the
right to exercise any Award, shall be effective to bind Nationstar unless the Committee shall have
been furnished with (a) written notice thereof and with a copy of the will and/or such evidence as
the Committee may deem necessary to establish the validity of the transfer and (b) an agreement by
the transferee to comply with all the terms and conditions of the Award that are or would have been
applicable to the Participant and to be bound by the acknowledgements made by the Participant in
connection with the grant of the Award.

18. Expenses and Receipts

          The expenses of the Plan shall be paid by Nationstar. Any proceeds received by Nationstar in
connection with any Award will be used for general corporate purposes.

19. Definition of Change in Control.

          As used in any instrument governing the terms of any Award, the term “Change in Control” means
the occurrence of any of the following, provided that any of the following actions by Fortress
Investment Group LLC or its affiliates shall not constitute a Change in Control:

     (i) any one person, or more than one person acting as a group (as defined under U.S.
Department of Treasury Regulation (“Treasury Regulation”) § 1.409A-3(i)(5)(v)(B)) acquires
ownership of stock of the Company that, together with stock held by such person or group,
constitutes more than 50 percent of the total fair market value or total voting power of the
stock of the Company;

     (ii) any one person, or more than one person acting as a group (as defined under Treasury
Regulation § 1.409A-3(i)(5)(v)(B)) acquires (or has acquired during the 12-month period ending
on the date of the most recent acquisition by such person or persons) ownership of stock of the
Company possessing 30 percent or more of the total voting power of the stock of the Company;

     (iii) a majority of members of the Board of Directors is replaced during any 12-month period
by directors whose appointment or election is not endorsed by a majority of the members of the
Board of Directors before the date of the appointment or election.

          The foregoing clauses (i) through (iii) shall be interpreted in a manner that is consistent
with the Treasury Regulations promulgated pursuant to Section 409A of the Code so that all, and
only, such transactions or events that could qualify as a “change in control event” within the
meaning of Treasury Regulation § 1.409A-3(i)(5)(i) will be deemed to be a Change in Control for
purposes of this Plan.

14

 

20. Governing Law

          The Plan and the rights of all persons under the Plan shall be construed and administered in
accordance with the laws of the State of New York without regard to its conflict of law principles.

21. Effective Date and Term of Plan

          The
Plan was adopted by the Board of Directors on February 24, 2012 subject to the approval of the
Plan by the shareholders of Nationstar. No grants of Awards may be
made under the Plan after February 24,
2021.

15exv10w58

Exhibit 10.58

AMENDMENT NUMBER FOUR

to the

FIFTH AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT

Dated as of January 27, 2010

between

NATIONSTAR MORTGAGE LLC

and

THE ROYAL BANK OF SCOTLAND PLC

     This AMENDMENT NUMBER FOUR (this “Amendment Number Four”) is made this 25th
day of February, 2012 (the “Amendment Effective Date”) between NATIONSTAR MORTGAGE LLC
(“Seller”) and THE ROYAL BANK OF SCOTLAND PLC (“Buyer”), to that certain Fifth
Amended and Restated Master Repurchase Agreement, dated as of January 27, 2010, between Seller and
Buyer (as amended, supplemented or otherwise modified from time to time, the “Agreement”).
Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such
terms in the Agreement.

RECITALS

     WHEREAS, Seller and Buyer desire to amend the Agreement to extend the termination date, modify
certain pricing terms and provide for the sale of certain types of loans under the Agreement; and

     WHEREAS, Seller and Buyer have agreed to amend the Agreement as set forth herein.

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

          SECTION 1. Amendments. As of the Amendment Effective Date, the Agreement is hereby
amended as follows:

     (a) Section 1 of the Agreement is hereby amended and restated in its entirety to read as
follows:

     “Buyer shall, with respect to the Committed Amount and may, with respect to the
Uncommitted Amount, from time to time, upon the terms and conditions set forth herein, agree
to enter into transactions in which Seller transfers to Buyer Eligible Loans or 100%
beneficial interests in Eligible Loans evidenced by Eligible Participation Certificates,
which are then exchanged for Eligible Securities, against the transfer of funds by Buyer,
with a simultaneous agreement by Buyer to transfer to Seller Purchased Assets at a date
certain, against the transfer of funds by Seller. Each such transaction shall be referred
to herein as a “Transaction”, and, unless otherwise agreed in writing, shall be
governed by this Agreement. It is hereby understood and agreed that the repurchase facility
provided for in this Agreement with respect to the Uncommitted Amount is an uncommitted
facility.”

     (b) Section 2 of the Agreement is hereby amended by adding the following new definitions
thereto in proper alphabetical order:

     “2012 Renewal Commitment Fee” shall have the meaning assigned to it in the
Pricing Side Letter.

     “Committed Amount” shall mean $150,000,000.

     “Uncommitted Amount” shall mean $150,000,000.

 

 

     (c) The definitions of “Maximum Aggregate Purchase Price”, “Termination Date” and “Transaction
Notice” in Section 2 of the Agreement are hereby amended and restated in their entirety to read as
follows:

     “Maximum Aggregate Purchase Price” shall mean, as of any date of determination,
shall mean (i) the sum of (A) the Committed Amount and (B) in the Buyer’s sole discretion,
the Uncommitted Amount minus (ii) the aggregate outstanding “Purchase Price” (as such term
is defined in the Bond Repurchase Agreement) under the Bond Repurchase Agreement as of such
date.

     “Termination Date” shall mean February 22, 2013, or such earlier date on which
this Agreement shall terminate in accordance with the provisions hereof or by operation of
law.

     “Transaction Notice” shall mean a written request by Seller delivered to Buyer
to enter into a Transaction, which may be delivered electronically in the form attached
hereto as Exhibit D, or in the form of an Asset Schedule, and in any case in a form
mutually agreed upon between Seller and Buyer.

     (d) Section 3(a) of the Agreement is hereby amended and restated in its entirety to read as
follows:

     “(a) Subject to the terms and conditions of the Program Documents, Buyer shall (with
respect to the Committed Amount) and may in its sole discretion (with respect to the
Uncommitted Amount) enter into Transactions from time to time with an aggregate Purchase
Price for all Purchased Assets acquired by Buyer not to exceed the Maximum Aggregate
Purchase Price. Buyer shall have the obligation to enter into Transactions up to the
Committed Amount, subject to the terms and conditions herein, but shall have no obligation
to enter into Transactions with respect to the Uncommitted Amount. Unless otherwise agreed
to between Buyer and Seller in writing, all purchases of Eligible Assets shall be first
deemed committed up to the Committed Amount and then the remainder, if any, shall be deemed
uncommitted up to the Uncommitted Amount. Buyer shall have the right, upon written notice
to Seller, to terminate any Transactions with respect to the Uncommitted Amount and require
the repurchase of any such Purchased Assets within thirty (30) calendar days of such notice.
Unless otherwise agreed, Seller shall request that Buyer enter into a Transaction by
delivering (i) a Transaction Notice, appropriately completed, to Buyer and an Asset Schedule
to Buyer and Custodian; provided that in connection with any Transaction Notice, Seller
shall be deemed to have made the certifications and representations and warranties set forth
in Exhibit D hereto regardless of the form of such Transaction Notice and (ii) the
Mortgage File to Custodian for each Loan (other than a Wet Loan) proposed to be included in
such Transaction (whether or not such Loan is subject to a Participation Certificate),
which, Transaction Notice, Asset Schedule and Mortgage File must be received no later than
12:00 p.m. (New York City time) on the requested Purchase Date. Such Transaction Notice
shall clearly indicate those Loans that are intended to be Wet Loans and Dry Loans and
include a Asset Schedule in respect of the Assets that Seller proposes to include in the
related Transaction. Each Transaction Notice shall specify the proposed Purchase Date,
Purchase Price, Pricing Rate and Repurchase Date. In the event that the parties hereto
desire to enter into a Transaction on terms other than as set forth in this Agreement and
the Transaction Notice, Buyer shall deliver to Seller, in electronic or other format, a
“Confirmation” specifying such terms prior to entering into such Transaction, including,
without limitation, the Purchase Date, the Purchase Price, the Pricing Rate therefor and the
Repurchase Date. Following its receipt of a Transaction Notice, the Buyer shall deliver to
the Seller, in electronic or other format, a “Confirmation”
confirming the terms thereof prior to entering into such Transaction, including, without
limitation, the Purchase Date, the Purchase Price, the Pricing Rate therefor and the
Repurchase

2

 

Date, all of which terms shall be as specified in the related Transaction Notice
and the Program Documents. By entering into a Transaction with Buyer, Seller consents to
the terms set forth in any related Confirmation. Any such Confirmation and the related
Transaction Notice, together with this Agreement, shall constitute conclusive evidence of
the terms agreed to between Buyer and Seller with respect to the Transaction to which the
Transaction Notice and Confirmation, if any, relates. In the event of any conflict between
this Agreement and a Confirmation, the terms of the Confirmation shall control with respect
to the related Transaction. It is acknowledged and agreed that, notwithstanding any other
provision of this Agreement to the contrary, the facility with respect to the Uncommitted
Amount provided under this Agreement is an uncommitted facility and Buyer shall have no
obligation to enter into any Transactions hereunder in excess of the Committed Amount.”

     (e) Section 4(c) of the Agreement is hereby amended by adding the following new language at
the end thereof:

     “In connection with the extension of the Termination Date from February 24, 2012 to
February 22, 2013, Seller agrees to pay to Buyer an additional commitment fee for the period
beginning on February 24, 2012 through February 22, 2013, equal to the 2012 Renewal
Commitment Fee, such payment to be made in Dollars, in immediately available funds, without
deduction, set off or counterclaim, to Buyer on or prior to February 24, 2012. Buyer may,
in its sole discretion, the payment of the 2012 Renewal Commitment Fee then due and payable
from the proceeds of any Purchase Price paid to Seller. The 2012 Renewal Commitment Fee is
and shall be deemed to be fully earned and non-refundable as of February 24, 2012.”

     (f) Section 4(d) of the Agreement is hereby amended and restated in its entirety to read as
follows:

     “(d) Non-Utilization Fee. On a quarterly basis and on the Termination Date,
Buyer shall determine the average utilization of the facility during the preceding calendar
quarter (or portion thereof with respect to (i) the first utilization calculation, during
the period from the Effective Date to the calculation date, or (ii) with respect to the
Termination Date, during the period from the date through which the last non-utilization fee
calculation has been made to the Termination Date) by Seller by dividing (a) the sum of the
Purchase Prices outstanding on each day during such period, by (b) the number of days in
such period. If such average amount determined for any period as a percentage of the
Committed Amount (the “Utilization Percentage”) is less than 75%, Seller shall pay
to Buyer on the Repurchase Dates in occurring in the last month of each calendar quarter or
the Termination Date (as applicable), the Non-Utilization Fee; provided that Seller shall
not be obligated to pay any Non-Utilization Fee to Buyer for any period with respect to
which the Utilization Percentage in such period is greater than or equal to 75%. All
payments shall be made to Buyer in Dollars, in immediately available funds, without
deduction, setoff or counterclaim. Buyer may, in its sole discretion, net such
Non-Utilization Fee from the proceeds of any Purchase Price paid to any Seller. Each
payment of the Non-Utilization Fee is and shall be deemed to be non-refundable when paid.”

     (g) The introduction to Section 9(b) of the Agreement is hereby amended and restated in its
entirety to read as follows:

     “(b) The obligation of Buyer to enter into each Transaction pursuant to this Agreement
(including the initial Transaction) with respect to the Committed Amount and the agreement
by Buyer (if any) to enter into each Transaction pursuant to this Agreement (including
the initial Transaction) with respect to the Uncommitted Amount is subject to the
following

3

 

further conditions precedent, both immediately prior to any Transaction and also
after giving effect thereto and to the intended use thereof:”

     (h) Section 17 of the Agreement is hereby amended and restated in its entirety to read as
follows:

     “17. ACCELERATION OF REPURCHASE DATE

     Buyer may, at any time, with respect to the Uncommitted Amount only, terminate this
Agreement by providing written notice to Seller. Within thirty (30) calendar days of
receipt of such notice, Seller agrees to repurchase all Purchased Assets which were financed
from the Uncommitted Amount at the Repurchase Price and to satisfy all of its Obligations
with respect to such Purchased Assets hereunder.”

          SECTION 2. Defined Terms. Any terms capitalized but not otherwise defined herein
shall have the respective meanings set forth in the Agreement.

          SECTION 3. Fees and Expenses. Seller agrees to pay to Buyer all reasonable out of
pocket costs and expenses incurred by Buyer in connection with this Amendment Number Four
(including all reasonable fees and out of pocket costs and expenses of the Buyer’s legal counsel)
in accordance with Sections 23 and 25 of the Agreement.

          SECTION 4. Conditions Precedent. This Amendment Number Four shall become effective on
the Amendment Effective Date, provided that the Buyer shall have received this Amendment Number
Four delivered by a duly authorized officer of the Seller and such other documents as the Buyer or
counsel to the Buyer may reasonably request.

          SECTION 5. Representations. Seller hereby represents to Buyer that as of the date
hereof, Seller is in full compliance with all of the terms and conditions of the Agreement and each
other Program Document and no Default or Event of Default has occurred and is continuing under the
Agreement or any other Program Document.

          SECTION 6. Governing Law. THIS AMENDMENT NUMBER FOUR SHALL BE CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK (INCLUDING SECTION 5-1401 OF THE NEW YORK GENERAL
OBLIGATIONS LAW) AND THE OBLIGATIONS, RIGHTS, AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE
DETERMINED IN ACCORDANCE WITH SUCH LAWS WITHOUT REGARD TO CONFLICT OF LAWS DOCTRINE APPLIED IN SUCH
STATE (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW WHICH SHALL GOVERN).

          SECTION 7. Counterparts. This Amendment Number Four may be executed in two (2) or
more counterparts, each of which shall be deemed an original but all of which together shall
constitute but one and the same agreement. This Amendment Number Four, to the extent signed and
delivered by facsimile or other electronic means, shall be treated in all manner and respects as an
original agreement and shall be considered to have the same binding legal effect as if it were the
original signed version thereof delivered in person. No signatory to this Amendment Number Four
shall raise the use of a facsimile machine or other electronic means to deliver a signature or the
fact that any signature or agreement was transmitted or communicated through the use of a facsimile
machine or other electronic means as a defense to the formation or enforceability of a contract and
each such Person forever waives any such defense.

          SECTION 8. Limited Effect. Except as amended hereby, the Agreement shall continue in
full force and effect in accordance with its terms. Reference to this Amendment Number Four

4

 

need
not be made in the Agreement or any other instrument or document executed in connection therewith,
or in any certificate, letter or communication issued or made pursuant to, or with respect to, the
Agreement, any reference in any of such items to the Agreement being sufficient to refer to the
Agreement as amended hereby.

[Signature Page Follows]

5

 

     IN WITNESS WHEREOF, Seller and Buyer have caused this Amendment Number Four to be executed and
delivered by their duly authorized officers as of the Amendment Effective Date.

	 	 	 	 	 	 	 

	 	 	NATIONSTAR MORTGAGE LLC	 	 
	 	 	(Seller)	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Gregory A. Oniu	 	 
	 

	 	Name:
	 	Gregory A. Oniu

	 	 
	 

	 	Title:	 	SVP 	 	 
	 
	 	 	 	 	 	 
	 	 	THE ROYAL BANK OF SCOTLAND PLC	 	 
	 	 	(Buyer)	 	 
	 
	 	 	 	 	 	 
	 

	 	By:  RBS Securities Inc., its agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Regina
Abayev	 	 
	 

	 	Name:
	 	
Regina
Abayev

	 	 
	 

	 	Title:	 	Director	 	 

Amendment Number Four to the Fifth Amended and Restated Master Repurchase Agreement (Nationstar
Mortgage LLC & The Royal Bank of Scotland plc)

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