Document:

Exhibit
10.11(e)

FIFTH
AMENDMENT TO MASTER REPURCHASE AGREEMENT

GOVERNING PURCHASES AND SALES OF MORTGAGE LOANS

This Fifth Amendment, dated
as of May 10, 2006 (this “Amendment”), to the Master Repurchase
Agreement Governing Purchases and Sales of Mortgage Loans, dated as of January
18, 2005 as amended by the First Amendment dated June 20, 2005, Second
Amendment dated October 28, 2005, Third Amendment dated as of January 17, 2006
and the Fourth Amendment dated as of March 3, 2006 (the “Agreement”), is
made by and between LEHMAN BROTHERS BANK, FSB (“Buyer”) and AAMES
CAPITAL CORPORATION (“ACC”) and AAMES INVESTMENT CORPORATION (“AIC”,
collectively with ACC, “Seller” and, together with the Buyer, the “Parties”).  Capitalized terms used in this Amendment and
not otherwise defined herein shall have the meaning set forth in the Agreement.

RECITALS

WHEREAS, the Seller and the
Buyer are parties to the Agreement, pursuant to which the Buyer has agreed,
subject to the terms and conditions set forth in the Agreement, to purchase
certain Mortgage Loans owned by the Seller, including, without limitation, all
rights of Seller to service and administer such Mortgage Loans.  Terms used but not defined herein shall have
the respective meanings ascribed to such terms in the Agreement, as amended
hereby.

WHEREAS, the Parties wish to
amend the Agreement to modify certain of the terms and conditions governing the
purchase and sale of the Mortgage Loans.

NOW, THEREFORE, for good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Parties hereto agree as follows:

Section
1.              Amendment.

Section 13(a)(xviii) of the
Agreement is hereby deleted in its entirety and replaced with the following:

“(xviii) for any two
consecutive fiscal quarters of AIC, commencing with respect to the two
consecutive fiscal quarters ending on September 30, 2006 AIC and its
Subsidiaries shall incur a loss on a consolidated basis in accordance with
GAAP;”

Section 2.              Conditions
Precedent.

This Amendment shall become
effective upon satisfaction of the following conditions precedent:

(i)            Buyer shall have received, in form and substance
satisfactory to Buyer, this Amendment, executed and delivered by duly
authorized officers of the Buyer and Seller;

(ii)           Seller shall have received from all other creditors of
Seller a fully executed amendment similar in substance to this Amendment; and

 1
 

(iii)          Buyer shall have received in form and substance
satisfactory to Buyer such other documents as the Buyer may reasonably request.

Section 3.              Covenants,
Representations and Warranties of the Parties.

Except as expressly amended
by Section 1 hereof, the Agreement remains unaltered and in full force and
effect. Each of the Parties hereby reaffirms all terms and covenants made in
the Agreement as amended hereby.

Section
4.              Effect upon the
Agreement.

Except as specifically set
forth herein, the Agreement shall remain in full force and effect and is hereby
ratified and confirmed. All references to the “Agreement” in the Master
Repurchase Agreement Governing Purchases and Sales of Mortgage Loans shall mean
and refer to the Master Repurchase Agreement Governing Purchases and Sales of
Mortgage Loans as modified and amended hereby.

The execution, delivery and
effectiveness of this Amendment shall not operate as a waiver of any right,
power or remedy of any Party under the Agreement, or any other document,
instrument or agreement executed and/or delivered in connection therewith.

Section
5.              Governing Law.

THIS AMENDMENT SHALL BE
CONSTRUED, INTERPRETED AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK,
WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS PRINCIPLES THEREOF.

Section
6.              Counterparts.

This Amendment may be
executed in any number of counterparts, and all such counterparts shall
together constitute the same agreement.

[Remainder of Page Intentionally Left Blank]

 2
 

IN WITNESS WHEREOF, the
Parties hereto have caused this Amendment to be executed as of the day and year
first above written.

	
   

  	
  SELLER:

  
	
   

  	
   

  
	
   

  	
  AAMES CAPITAL
  CORPORATION, as Seller

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  AAMES INVESTMENT
  CORPORATION, as Seller

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BUYER:

  
	
   

  	
   

  
	
   

  	
  LEHMAN BROTHERS
  BANK, FSB, as Buyer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
					

 

 3Exhibit 10(a)

[Tenet Healthcare
Corporation Letterhead]

May 3, 2006

Personal & Confidential

Mr. Biggs C. Porter

75 Burr Drive

Needham, Massachusetts  02492

Dear Biggs:

I am pleased to confirm
the details of our offer to you to become Tenet’s Chief Financial Officer with
a start date of June 5, 2006.  You will report to Trevor Fetter, Chief
Executive Officer and you will office at Tenet’s Corporate Office in Dallas,
Texas.

1.               Compensation and
Benefits

a.                           Base
Compensation:  Your base salary rate will be $550,000 per year,
payable bi-weekly.  Your salary will be
reviewed during the next applicable merit cycle.

b.                          Annual
Incentive Plan:  Your position is eligible
for an annual incentive bonus according to the terms of the Tenet Annual
Incentive Plan (AIP).  Your Target Award
under the AIP is 70% of your annual base salary.  You are eligible for an AIP award for the portion
of the 2006 plan year beginning on your start date.  This award will be paid at the same time as
all other AIP awards for the 2006 plan year. 
In no event will your AIP award for the portion of the 2006 plan year
during which you serve as Tenet’s Chief Financial Officer be less than $210,000
or exceed two times your Target award.

c.                           Car
Allowance: You will receive an annual automobile allowance of $18,100.00
paid bi-weekly.

d.                          Stock
Incentives:  Your position is
eligible for stock incentives.  The
Company’s target award level for your position in 2006 was 156,667 Stock
Options and 31,333 RSUs.  Grants are
considered periodically by the company’s Compensation Committee of the Board of
Directors.  All stock-based awards are
subject to the review and approval of the Compensation Committee of the Board
of Directors and are governed by the shareholder approved plan under which they
are issued. You are being recommended for an initial grant of Restricted Stock
Units (RSUs) with a RSU Target Award Value of $2,700,000 and non-qualified
Stock Options with an Option Target Award Value of $472,500 which will be
granted at fair market value on the date of grant and made effective upon the
Compensation Committee’s approval.  This
award of Stock Options and RSUs will vest at 1/3 per year on the first three
anniversary dates of the award unless a different schedule of vesting applies
pursuant to the Tenet Executive Severance Protection Plan (TESPP), as
referenced in subparagraph (g) herein, in which case the TESPP controls.

 

i.                  The
actual number of RSUs will be determined by dividing the RSU Target Award Value
by the average closing price of Tenet common stock on the twenty (20) trading
days immediately preceding your hire date.

ii.               The
actual number of non-qualified Stock Options will be determined by dividing the
Option Target Award Value by the average closing price of Tenet common stock on
the twenty (20) trading days immediately preceding your hire date, and
multiplied by a factor used to estimate the fair market value of Tenet common
stock on the date of grant.

e.                           Sign-On
Cash Bonus:  You will receive a
one-time bonus of $300,000 payable in three $100,000 installments over 3 years,
with the first installment to be paid upon your start date and the two
subsequent payments to be made on the first and second anniversary dates of
your start date, provided that you remain employed in your position with the
Company on those subsequent anniversary dates.

f.                             Benefits:  You
are eligible to participate in the TenetSelect benefit program which provides
health, life, dental, vision and disability insurance coverage.

g.                          Severance
Protection Agreement: You will participate in the Tenet Executive Severance
Protection Plan (TESPP) which provides severance equal to two times base salary
and benefits continuation for a qualifying termination without “cause.”  No severance is due in the event of a
termination for “cause” described below or voluntary termination except as
provided under the Plan for “good reason.” 
Your copy of the TESPP is enclosed herewith.

h.                          SERP:  You will be named to the Supplemental Executive
Retirement Plan (SERP) which provides enhanced retirement, disability and life
insurance benefits.  Details of that plan
will be provided under separate cover.

i.                              Relocation:  Tenet’s goal is to make your
relocation process as smooth as possible. 
Therefore, it is very important that you first
contact Shelley Giles, Tenet’s Relocation Director, at 469-893-6131, to
initiate your relocation benefits, prior to any relocation activities, e.g.
marketing and/or selling your home.

An itemized list of your relocation benefits
is attached. After review, please initial these pages and return with your
signed offer letter.

If you voluntarily terminate your employment
within twenty-four (24) months of your start date in the new position, you will
be required to reimburse Tenet on a pro-rated basis for such relocation
expenses paid to you or on your behalf (including any gross-up).  The amount due is reduced 1/24th for each
full month you remain employed by Tenet within the initial 24-month period (for
example, 50% in the case of a voluntary termination at the end of one year).

2.               Employment
Status 

a.                           Compliance
with Tenet Policies, Rules and Regulations:  By signing this letter below, you agree to
abide by all Tenet Human Resources and other policies, procedures, rules and
regulations currently in effect or that may be adopted from time to time,
including the Tenet Performance Management policy and the Tenet Standards of
Conduct.  To the extent that any such
policies, rules or regulations, or any benefit plans in which you are a
participant, conflict with the terms of this letter, the actual terms of those
policies or plans shall control.

b.                          Ethics
Training: All Tenet employees are required to attend an initial ethics
class within their first 120 days of employment, as well as a refresher course
every fiscal year.  Please 

 2
 

 

see your Human Resources
representative for more information on class times and dates, or access the
company Intranet site (eTenet) for additional information.

 

c.                           Standards
of Conduct:  As an employee of Tenet,
you agree to abide by Tenet’s Standards of Conduct, which reflect Tenet’s basic
values of high-quality, cost-effective health services; honesty,
trustworthiness, and reliability in all relationships; leadership in the
development of partnership arrangements with providers of health services; good
corporate citizenship of the communities where Tenet provides services; pursuit
of fiscal responsibility and growth; compliance with all applicable rules,
regulations, policies and procedures; and fair treatment of employees.

d.                          Conflict
Resolution:  As a condition of employment,
you agree to abide by Tenet’s Fair Treatment Process which includes final and
binding Arbitration as a resolution to any grievance that results out of your
employment or termination of employment with Tenet Employment Inc.

Finally, your employment
with the company will be on an at-will basis which means that either you or the
company may terminate the employment relationship with or without notice or
with or without cause at any time.  The
term “cause” as used above shall include dishonesty, fraud, willful misconduct,
self dealing or violation of the company’s Standards of Conduct, breach of
fiduciary duty (whether or not involving personal profit), conflict of
interest, failure, neglect or refusal to perform your duties in any material
respect, violation of law (except traffic violations or similar minor
infractions), or other wrongful conduct of a similar nature and degree.  Notwithstanding, a failure to achieve or meet
business objectives, as defined by the Company, shall not be considered “cause”
so long as you have devoted your best and good faith efforts and attention to
the achievement of those objectives.

Biggs, assuming these
terms are agreeable, please sign this letter indicating your acceptance and
return to me in Human Resources by May 23, 2006 –
469/893-8170 Confidential Fax.

This is a terrific opportunity for you.  We are enthusiastic about you accepting this
position.  Please call me if you have any
questions.

	
  Sincerely,

  	
  ACCEPTED AND AGREED TO:

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ Joseph A.
  Bosch

  	
  /s/ Biggs C. Porter

  	
  5/22/06

  	
   

  
	
   

  	
  Biggs C. Porter

  	
  Date

  
	
  Joseph A. Bosch

  	
   

  	
   

  
	
  SVP, Human
  Resources

  	
   

  	
   

  

 

 3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00108-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00108-of-00352.parquet"}]]