Document:

addendumemploybozora.htm

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Addendum

    to
the

    Employment
Agreement

    between

    CS
Financing Corporation

    and

    Michael
Bozora

    dated:
January 16, 2008

    

    

    

    The
Company and Executive agree that commencing with any payments of compensation
hereunder that become due in calendar year 2009 after March 1, 2009, Executive
hereby waives any and all of his rights to such compensation, and such
compensation shall not be paid by the Company, except that Executive shall be
entitled to receive One United States Dollar ($1.00) from the Company during the
remainder of calendar year 2009.  In addition, Executive hereby waives
any and all of his rights to any compensation for calendar year 2009 that was
deferred, and such deferred compensation shall not be paid by the
Company.

    

    The
parties have duly executed this Addendum on March 28, 2009.

    

    CS
Financing Corporation

    

    By:
__/s/ Timothy
Redpath_____

    Timothy Redpath, CEO 

    

    

    Michael
Bozora

    

    ____/s/ Michael
Bozora_________addendumemplyredpath.htm

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Addendum

    to
the

    Employment
Agreement

    between

    CS
Financing Corporation

    and

    Timothy
Redpath

    dated:
January 16, 2008

    

    

    

    The
Company and Executive agree that commencing with any payments of compensation
hereunder that become due in calendar year 2009 after March 1, 2009, Executive
hereby waives any and all of his rights to such compensation, and such
compensation shall not be paid by the Company, except that Executive shall be
entitled to receive One United States Dollar ($1.00) from the Company during the
remainder of calendar year 2009.  In addition, Executive hereby waives
any and all of his rights to any compensation for calendar year 2009 that was
deferred, and such deferred compensation shall not be paid by the
Company.

    

    The
parties have duly executed this Addendum on March 28, 2009.

    

    CS
Financing Corporation

    

    By:
__/s/ Michael
Bozora______

    Michael Bozora,
President 

    

    

    Timothy
Redpath

    

    ___/s/ Timothy
Redpath________terminationloanandsecurity.htm

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    TERMINATION
AGREEMENT

    

    This TERMINATION AGREEMENT (this
“Termination
Agreement”) is effective as of the 4th day of December, 2008, by and
between CS Financing Corporation, a Delaware corporation (“CSF”) and Hennessey
Financial, LLC, a Minnesota limited liability company (“Hennessey”).

    

    WHEREAS, CSF and Hennessey
have entered into that certain Loan and Security Agreement, dated as of October
5, 2005, as amended by that certain First Amendment to Loan and Security
Agreement, dated August 22, 2006, as further amended by that certain Second
Amendment to Loan and Security Agreement, dated September 21, 2006, as further
amended by that certain Third Amendment to Loan and Security Agreement, dated
March 5, 2007, and as further amended by that certain Fourth Amendment to Loan
and Security Agreement, dated May 7, 2007 (collectively, the “Loan and Security
Agreement”).

    

    WHEREAS, CSF and Hennessey
desire to terminate the Loan and Security Agreement and release each other from
all obligations, rights, responsibilities, and duties thereunder.

    

    NOW, THEREFORE, in
consideration of the mutual covenants and promises contained herein and other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties, intending to be legally bound, hereby agree as
follows:

    

    1.           Termination.  Each
of CSF and Hennessey hereby terminates the Loan and Security Agreement,
effective as of the date hereof, and hereby agrees that from and after the date
hereof, the Loan and Security Agreement shall be of no further force and effect
and neither party thereto shall have any further obligations, rights,
responsibilities or duties under such Loan and Security Agreement.

    

    2.           Release.  Each
party hereby releases, remises and forever discharges the other party from and
against any and all liabilities, obligations, losses, demands, costs or claims
which any of them have or ever have had, of every kind and nature, at law or in
equity, whether known or unknown, relating to or arising out of the Loan and
Security Agreement.  Nothing in this Termination Agreement shall
release, remise or discharge any party from any liabilities, obligations,
losses, costs or claims to the extent not relating to or arising out of the Loan
and Security Agreement.

    

    3.           Entire
Agreement.  This Termination Agreement contains the sole and
entire agreement among the parties with respect to the subject matter hereof,
and supersedes any and all prior agreements, understandings, negotiations and
discussions, whether oral or written, among the parties with respect to the
subject matter hereof.

    

    4.           Successors and
Assigns.  This Termination Agreement shall be binding upon and
inure to the benefit of the parties and their respective successors and
assigns.

    
      	 
      

    

    

    5.           Governing
Law.  This Termination Agreement shall be governed by and
construed in accordance with the laws of the State of Minnesota (without regard
to any applicable conflicts of law principles) applicable to agreements executed
and to be performed solely within such state.

    

    6. Counterparts.  This
Termination Agreement may be executed in any number of counterparts and by
different parties hereto in separate counterparts, each of which when so
executed shall be deemed to be an original and all of which taken together shall
constitute one and the same agreement.

    

    IN WITNESS WHEREOF, the
parties hereto have caused their duly authorized representatives to execute this
Termination Agreement as of the date first written above.

    

    

    CS
FINANCING CORPORATION

    

    

    

    By:
__/s/ Michael
Bozora_______

    Name:  Michael
Borzora

    Title:    President

    

    

    

    HENNESSEY
FINANCIAL, LLC

    

    

    

    By:
____/s/ Jeff
Gardner____________________

    Name:  Jeff
Gardner

    Title:  Managerterminationsubordination.htm

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    TERMINATION
AGREEMENT

    

    This TERMINATION AGREEMENT (this
“Termination
Agreement”) is effective as of the 4th day of December, 2008, by and
between CS Financing Corporation, a Delaware corporation (“CSF”), Hennessey
Financial, LLC, a Minnesota limited liability company (“Hennessey”) and
Capital Solutions Monthly Income Fund, LP (“CSMIF”), f/k/a
Hennessey Financial Monthly Income Fund, LP.

    

    WHEREAS, CSF, Hennessey and
CSMIF entered into that certain Subordination and Intercreditor Agreement, dated
as of May 7, 2007 (the “Subordination
Agreement”).

    

    WHEREAS, CSF, Hennessey and
CSMIF desire to terminate the Subordination Agreement and release each other
from all obligations, rights, responsibilities, and duties
thereunder.

    

    NOW, THEREFORE, in
consideration of the mutual covenants and promises contained herein and other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties, intending to be legally bound, hereby agree as
follows:

    

    1.           Termination.  Each
of CSF, Hennessey and CSMIF hereby terminates the Subordination Agreement,
effective as of the date hereof, and hereby agrees that from and after the date
hereof, the Subordination Agreement shall be of no further force and effect and
none of the parties thereto shall have any further obligations, rights,
responsibilities or duties under such Subordination Agreement.

    

    2.           Release.  Each
party hereby releases, remises and forever discharges the other parties from and
against any and all liabilities, obligations, losses, demands, costs or claims
which any of them have or ever have had, of every kind and nature, at law or in
equity, whether known or unknown, relating to or arising out of the
Subordination Agreement.  Nothing in this Termination Agreement shall
release, remise or discharge  any party from any liabilities,
obligations, losses, costs or claims to the extent not relating to or arising
out of the Subordination Agreement.

    

    3.           Entire
Agreement.  This Termination Agreement contains the sole and
entire agreement among the parties with respect to the subject matter hereof,
and supersedes any and all prior agreements, understandings, negotiations and
discussions, whether oral or written, among the parties with respect to the
subject matter hereof.

    

    4.           Successors and
Assigns.  This Termination Agreement shall be binding upon and
inure to the benefit of the parties and their respective successors and
assigns.

    

    5.           Governing
Law.  This Termination Agreement shall be governed by and
construed in accordance with the laws of the State of Minnesota (without regard
to any applicable conflicts of law principles) applicable to agreements executed
and to be performed solely within such state.

    
      	 
      

    

    

    6. Counterparts.  This
Termination Agreement may be executed in any number of counterparts and by
different parties hereto in separate counterparts, each of which when so
executed shall be deemed to be an original and all of which taken together shall
constitute one and the same agreement.

    

    IN WITNESS WHEREOF, the
parties hereto have caused their duly authorized representatives to execute this
Termination Agreement as of the date first written above.

    

    

    CS
FINANCING CORPORATION

    

    

    

    By:
___/s/ Michael
Bozora_______

    Name:  Michael
Bozora

    Title:    President

    

    

    

    HENNESSEY
FINANCIAL, LLC

    

    By:
__/s/ Jeff
Gardner__________________

    Name:
Jeff Gardner

    Title:  Manager

    

    

    

    CAPITAL
SOLUTIONS MONTHLY INCOME FUND, LP

    

    

    By:
___/s/ Todd
Duckson____________________

    Todd Duckson, Manager of CS Fund
General

    Partner LLC, which is the general
partner of the

    Capital Solutions Monthly Income
Fund

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