Document:

Exhibit 10.20

 

Summary of
Named Executive Officers’ 2005 Bonuses and 2006 Annual Base Salaries 

 

	
  Name

  	
   

  	
  Title

  	
   

  	
  2005

  Bonus

  	
   

  	
  2006 Annual

  Base Salary

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Michael J. Sonnenfeld

  	
   

  	
  Director, President and Chief Executive Officer

  	
   

  	
  $

  	
  200,000

  	
   

  	
  $

  	
  427,000

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Walter P. Buczynski

  	
   

  	
  Executive Vice President – Secondary

  	
   

  	
  $

  	
  207,190

  	
   

  	
  $

  	
  330,800

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  John C. Kendall

  	
   

  	
  Senior Vice President – Investment Portfolio

  	
   

  	
  $

  	
  173,840

  	
   

  	
  $

  	
  275,700

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  John C. Camp, IV

  	
   

  	
  Senior Vice President – Chief Information Officer

  	
   

  	
  $

  	
  124,162

  	
   

  	
  $

  	
  220,500

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Cynthia L. Harkness

  	
   

  	
  Senior Vice President – General Counsel and
  Secretary

  	
   

  	
  $

  	
  160,089

  	
   

  	
  $

  	
  218,400Exhibit 10.21(D)

 

AMENDMENT
NO. 3 TO

REVOLVING
CREDIT AND SECURITY AGREEMENT

 

This AMENDMENT NO. 3 (the “Amendment”)
is made and entered into as of June 22, 2005 by and between Countrywide
Warehouse Lending (“Lender”) and Fieldstone Mortgage Company and Fieldstone
Investment Corporation (collectively “Borrower”). This Amendment amends that
certain Revolving Credit and Security Agreement by and between Lender and
Borrower dated as of March 13, 2001 (as
may be amended from time to time, the “Credit Agreement”).

 

R
E C I T A L S

 

	
  Lender and Borrower have
  previously entered into the Credit Agreement pursuant to which Lender may,
  from time to time, provide Borrower credit in the form of a warehouse line
  secured by residential mortgage loans. Lender and Borrower hereby agree that
  the Credit Agreement shall be amended as provided herein.

  

 

In consideration of the
mutual promises contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
Lender and Borrower hereby agree as follows:

 

1.                                       EXHIBIT A, Glossary of Defined
Terms. Lender and
Borrower agree to add the terms, Specialty ARM’s  and Specialty ARM’s Plus to the Glossary of Defined Terms as
follows;

 

“Specialty ARM’s – Non-conforming PayOption ARM’s or one or
six month interest only ARM’s for loan amounts up to one million dollars
($1,000,000) meeting the guidelines of Countrywide Home Loans Correspondent
Lending Division.”

 

“Specialty ARM’s Plus – Non-conforming PayOption ARM’s or six month
interest only ARM’s for loan amounts greater than one million dollars
($1,000,000) but less than one million five hundred thousand dollars
($1,500,000) meeting the guidelines of Countrywide Home Loans Correspondent
Lending Division.”

 

2.                                       No Other Amendments. Other than as expressly modifed and amended
herein, the Credit Agreement shall remain in full force and effect and nothing
herein shall affect the rights and remedies of Lender as provided under the
Credit Agreement.

 

3.                                       Capitalized Terms. Any capitalized term used herein and not
otherwise defned herein shall have the meaning ascribed to such term in the
Credit Agreement.

 

4.                                       Facsimiles. Facsimile signatures shall be deemed valid
and binding to the same extent as the original. 

 

IN WITNESS WHEREOF, Lender
and Borrower have caused their names to be signed hereto by their respective officers
thereunto duly authorized as of the date first written above.

 

	
  COUNTRYWIDE WAREHOUSE
  LENDING

  	
   

  	
  FIELDSTONE MORTGAGE COMPANY

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Riju
  Walia

  	
   

  	
   

  	
  By:

  	
  /s/ Mark C.
  Krebs

  	
   

  
	
   

  	
  Signature

  	
   

  	
   

  	
   

  	
  Signature

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name: 

  	
  Riju Walia

  	
   

  	
   

  	
  Name: 

  	
  Mark C. Krebs

  	
   

  
	
  Title: 

  	
  1st VP, Credit & Compliance

  	
   

  	
   

  	
  Title:

  	
  Sr. Vice
  President & Treasurer

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FIELDSTONE INVESTMENT
  CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Mark C.
  Krebs

  	
   

  
	
   

  	
   

  	
   

  	
  Signature

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Mark C. Krebs

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Sr. Vice President &
  TreasurerExhibit 10.23(B)

 

EXECUTION VERSION

 

AMENDMENT NO. 1

TO SECOND MASTER REPURCHASE AGREEMENT

 

Amendment No.
1, dated as of October 21, 2005 (this “Amendment”), among CREDIT SUISSE
FIRST BOSTON MORTGAGE CAPITAL LLC (the “Buyer”), FIELDSTONE MORTGAGE
COMPANY (a “Seller”) and FIELDSTONE INVESTMENT CORPORATION (a “Seller”
and, together with Fieldstone Mortgage Company, the “Sellers”).

 

RECITALS

 

The Buyer and
the Sellers are parties to that certain Second Amended and Restated Master
Repurchase Agreement, dated as of March 31, 2005 (as the same may have been
amended and supplemented from time to time, and as amended by this Amendment,
the “Repurchase Agreement”). Capitalized terms used but not otherwise
defined herein shall have the meanings given to them in the Repurchase
Agreement.

 

The Buyer and
the Sellers have agreed, subject to the terms and conditions of this Amendment,
that the Repurchase Agreement be amended to reflect certain agreed upon
revisions to the terms of the Repurchase Agreement.

 

Accordingly,
the Buyer and the Sellers hereby agree, in consideration of the mutual premises
and mutual obligations set forth herein, that the Repurchase Agreement is
hereby amended as follows:

 

SECTION 1.  Definitions.  Section 2 of the Repurchase Agreement is
hereby amended as follows:

 

(a)           the definition of
 “Maximum Aggregate Purchase Price” is hereby deleted in its entirety and
replaced with the following:

 

““Maximum
Aggregate Purchase Price” means FOUR HUNDRED MILLION DOLLARS
($400,000,000).”

 

(b)           each “sub-limit” described
in clauses (ix) – (xiii) in the definition of “Market Value” is hereby reduced
by 20% commensurate with the revision of the definition of “Maximum Aggregate
Purchase Price” described in clause (a) above.

 

SECTION 2.  Conditions Precedent.  This Amendment shall become effective on
October 21, 2005 (the “Amendment Effective Date”), subject to the
satisfaction of the following conditions precedent:

 

2.1           Delivered Documents. On the
Amendment Effective Date, the Buyer shall have received the following documents,
each of which shall be satisfactory to the Buyer in form and substance:

 

(a)           this Amendment, executed and
delivered by a duly authorized officer of the Buyer and Sellers;

 

1

 

(b)           such other documents
as the Buyer or counsel to the Buyer may reasonably request.

 

SECTION 3.  Representations and Warranties. Each of
the Sellers hereby represents and warrants to the Buyer that they are in
compliance with all the terms and provisions set forth in the Repurchase
Agreement on their part to be observed or performed, and that no Event of
Default has occurred or is continuing, and hereby confirm and reaffirm the
representations and warranties contained in Section 13 of the Repurchase
Agreement.

 

SECTION 4. Limited
Effect. Except as expressly amended and modified by this Amendment, the
Repurchase Agreement shall continue to be, and shall remain, in full force and
effect in accordance with its terms.

 

SECTION 5.  Counterparts. This Amendment may be
executed by each of the parties hereto on any number of separate counterparts,
each of which shall be an original and all of which taken together shall
constitute one and the same instrument.

 

SECTION 6.
 GOVERNING LAW. THIS AMENDMENT
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE
OF NEW YORK WITHOUT REFERENCE TO THE CHOICE OF LAW PROVISIONS THEREOF.

 

[SIGNATURE PAGE FOLLOWS]

 

2

 

IN WITNESS
WHEREOF, the parties have caused their names to be signed hereto by their
respective officer thereunto duly authorized as of the day and year first above
written.

 

	
  Buyer:

  	
   

  	
  CREDIT
  SUISSE FIRST BOSTON

  MORTGAGE CAPITAL LLC,

  as Buyer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Randall
  Eron Shy

  	
   

  
	
   

  	
   

  	
   

  	
  Name:  Randall
  Eron Shy

  
	
   

  	
   

  	
   

  	
  Title:    Vice
  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Seller:

  	
   

  	
  FIELDSTONE MORTGAGE COMPANY,

  as Seller

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Mark C.
  Krebs

  	
   

  
	
   

  	
   

  	
   

  	
  Name:  Mark
  C. Krebs

  
	
   

  	
   

  	
   

  	
  Title:    Sr.
  Vice President & Treasurer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Seller:

  	
   

  	
  FIELDSTONE INVESTMENT

  CORPORATION,

  as Seller

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Mark C.
  Krebs

  	
   

  
	
   

  	
   

  	
   

  	
  Name:  Mark
  C. Krebs

  
	
   

  	
   

  	
   

  	
  Title:    Sr.
  Vice President & Treasurer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}]]