Document:

exv10w36w2

 

Exhibit 10.36.2

AMENDMENT
NO. 2 to the EMPLOYMENT AGREEMENT
 dated as of April 4,
2005 by and between CAPITALSOURCE INC.
 (the “Employer”) and DEAN C.
GRAHAM (the “Executive”).

     WHEREAS, the Employer and the Executive are parties to that certain Employment Agreement dated
as of April 4, 2005 (the “Agreement”); and

     WHEREAS, the Employer and the Executive desire to amend the Agreement as set forth in this
Amendment No. 2.

     NOW, THEREFORE, in consideration of the payment of $1 by the Employer and such other good and
valuable consideration, the receipt of which is hereby acknowledged by the parties, the Employer
and the Executive hereby amend the Agreement as follows:

     1. The first two sentences of Section 3 of the Agreement are hereby deleted and the following
substituted therefor:

During the Employment Period, the Executive shall serve as the President and Chief
Operating Officer of the Employer, as a member of the Employer’s Credit Committee,
and as a member of the Employer’s Executive and Disclosure Committees (to the
extent the Employer maintains such committees). In such capacities, the Executive
shall report exclusively to the Chief Executive Officer and shall have the
duties, responsibilities and authorities customarily associated with the positions
of President and Chief Operating Officers in a company the size and nature of the
Employer.

     2. Section 5(a) is hereby amended by deleting “$350,000” in the first sentence thereof and
substituting “$750,000” therefor.

     3. Section 5(d) is hereby amended by deleting “and President” from clause (i) thereof.

     4. Section 5(e) is hereby deleted and the following substituted therefor:

As of January 1, 2007, the Employer has previously granted to the Executive
226,000 shares of the Employer’s common stock, par value $0.01 (“Stock”), that are
subject to vesting based on the Executive’s continued employment with the Employer
or the Company Affiliates (the “Restricted Stock Award”). The terms governing the
vesting of such Restricted Stock Award are hereby modified to provide that (i)
76,000 shares of Stock shall vest and become freely transferable on April 4, 2007
and 50,000 shares of Stock shall vest and become freely transferable on
each of April 4, 2008, April 4, 2009 and April 4, 2010. Unvested shares of Stock
comprising such Restricted Stock Award shall be forfeited by the Executive if and
only if the Executive’s employment with the Employer and all the Company
Affiliates is voluntarily terminated by the Executive without Good Reason or is
terminated by the Employer for Cause, in each case, before the date on which such
shares of Stock would otherwise vest hereunder.

 

 

     5. The following is hereby added to the end of Section 9(h):

To the extent required to comply with Section 409A of the Code, any payment
required to be made to Executive under this Agreement or otherwise shall be
deferred until the first day of first month commencing after the six month
anniversary of Executive’s termination of employment. The Employer shall make a
lump sum payment to Executive on or about such date in an amount equal to the
aggregate payments that would have otherwise been paid to Executive during such
deferral period.

     6. The definition of “Good Reason” set forth in Section 25 is hereby amended by: (A)
substituting the following for clause (i) thereof: “(i) any diminution or adverse change in the
Executive’s titles;”, (B) substituting the following for clause (iii) thereof: “( iii) a
requirement that the Executive report to someone other than the Employer’s Chief Executive
Officer;” and (C) deleting the final sentence of the definition of “Good Reason”.

     IN WITNESS WHEREOF, the parties have caused this Amendment No. 2 to be executed as of this
1st day of February, 2007.

	 	 	 	 	 
	 

	 	CAPITALSOURCE INC.
	 	 
	 
	 	 	 	 
	 

	 	 /s/ JOHN K. DELANEY	 	 
	 

	 	 	 	 
	 

	 	By: John K. Delaney	 	 
	 

	 	Its: CEO	 	 
	 
	 	 	 	 
	 

	 	 /s/ DEAN C. GRAHAM	 	 
	 

	 	 	 	 
	 

	 	Dean C. Graham	 	 

2exv10w69

 

Exhibit 10.69

CONSULTING AGREEMENT

     AGREEMENT, dated as of January 2, 2007 between CapitalSource Inc. (the “Company”) and Jason M.
Fish (the “Consultant”).

     WHEREAS, the Company desires to obtain the consulting services of the Consultant as an
independent contractor; and

     WHEREAS, the parties desire to enter into this Agreement to set forth the terms and conditions
for the consulting relationship of the Consultant with the Company.

     NOW, THEREFORE, it is AGREED as follows:

     1. Engagement.

          (a) During the term of this Agreement (as set out in Section 4 hereof), the Consultant shall
be expected to devote up to five (5) hours per week to assist in such matters as requested by the
Company’s Chairman and Chief Executive Officer, including participating in the Office of the CEO or
such other similar executive committee comprising Company senior management.

          (b) Except as set forth in the Company’s Code of Business Conduct and Ethics as applicable to
the Consultant in his capacity as a director of the Company, there will be no restrictions to the
Consultant’s outside activities during the time that the Consultant is not providing services to
the Company.

     2. Compensation and Expenses.

          (a) The Consultant, while serving as a director of the Company, shall be paid the same
compensation and receive the same benefits as the Company’s non-employee directors.

          (b) The Company shall also provide the following benefits to the Consultant: (i) use of the
Company’s technology platform, including e-mail and cell phone (Blackberry); (ii) access to all of
the Company’s resources for any purpose germane to the Company’s business; (iii) reimbursement of
all out-of-pocket expenses incurred on behalf of the Company; (iv) if the Consultant elects COBRA
coverage, payment by the Company of the Company’s portion of the medical benefits plan premiums
until the earlier of termination of this Agreement or the COBRA benefit; and (v) use of an office,
including a parking space, and an assistant for matters relating solely to the Company or personal
matters to the extent customary for a non-employee director and/or consultant; provided, however,
that to the extent these services are used for matters other than those previously described, then
the Consultant will reimburse the Company for such portion of the services.

     3. Board Membership. During the term of this Agreement, the Company shall recommend
to the Nominating and Corporate Governance Committee that the Consultant be nominated for election
to the Company’s Board of Directors (the “Board”) as Vice Chairman of the Board at each annual
meeting at which the Consultant’s class stands for reelection.

     4. Term. The term of this Agreement shall be for one year commencing on January 2,
2007. This Agreement shall automatically renew at the end of the term and each term thereafter as
long as the Consultant remains a director of the Company and is not a full-time employee of another
business.

 

 

     5. Confidentiality and Non-Disclosure. The Company and the Consultant acknowledge and
agree that during the term of this Agreement the Consultant will have access to and may assist in
developing Company Confidential Information (as defined below). During and after the term of this
Agreement the Consultant will not knowingly use, disclose or transfer any Company Confidential
Information other than as authorized in writing by the Company or within the scope of the
Consultant’s duties with the Company as determined reasonably and in good faith by the Consultant.
Anything herein to the contrary notwithstanding, the provisions of this Section 5 shall not apply
(i) when disclosure is required by law or by any court, arbitrator, mediator or administrative or
legislative body (including any committee thereof) with actual or apparent jurisdiction to order
the Consultant to disclose or make accessible any information; (ii) with respect to any other
litigation, arbitration or mediation involving this Agreement, including, but not limited to, the
enforcement of this Agreement; (iii) as to information that becomes generally known to the public
or within the relevant trade or industry other than due to the Consultant’s violation of this
Section 5; or (iv) as to information that is or becomes available to the Consultant on a
non-confidential basis from a source which is entitled to disclose it to the Consultant.

     For purposes of this Section 5, the term “Company Confidential Information” shall mean
information known to the Consultant to constitute trade secrets or proprietary information
belonging to the Company or other confidential financial information, operating budgets, strategic
plans or research methods, personnel data, projects or plans, or non-public information regarding
the terms of any existing or pending lending transaction between the Company and an existing or
pending client or customer, in each case, received by the Consultant in connection with his duties
with the Company. Notwithstanding anything to the contrary contained herein, the general skills,
knowledge and experience gained during the Consultant’s service to the Company or information
publicly available or generally known within the industry or trade in which the Company competes,
shall not be considered Company Confidential Information.

     6. No Assignments. This Agreement is personal to each of the parties hereto. Neither
party may assign or delegate any rights or obligations hereunder without first obtaining the
written consent of the other party hereto, except that consent shall not be required for the
Company to assign its rights and obligations hereunder to its successor in interest.

     7. Amendment; Modification; Waiver. No amendments or additions to this Agreement
shall be binding unless in writing and signed by both of the parties hereto. No delay or failure
at any time on the part of the Company in exercising any right, power or privilege under this
Agreement, or in enforcing any provision of this Agreement, shall impair any such right, power, or
privilege, or be construed as a waiver of any default or as any acquiescence therein, or shall
affect the right of the Company thereafter to enforce each and every provision of this Agreement in
accordance with its terms.

     8. Section Headings. The section headings used in this Agreement are included solely
for convenience and shall not affect, or be used in connection with, the interpretation of this
Agreement.

     9. Severability. The provisions of this Agreement shall be deemed severable and the
invalidity or unenforceability of any provision shall not affect the validity or enforceability of
the other provisions hereof.

     10. Notices. For purposes of this Agreement, notices and all other communications
provided for in this Agreement shall be in writing and shall be deemed to have been duly given when
hand delivered, sent by overnight courier, or mailed by first-class, registered or certified mail,
return receipt requested, postage prepaid, addressed as follows:

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     (i) If to the Company:

CapitalSource Finance LLC

4445 Willard Avenue, 12th Floor

Chevy Chase, Maryland 20815

Attn: Chief Legal Officer

Facsimile Number: 301-841-2380

     (ii) If to the Consultant:

Jason M. Fish

Address last shown on the Company’s records

or to such other address as either party may have furnished to the other in writing in accordance
herewith, except that notices of change of address shall be effective only upon receipt.

     11. Entire Agreement. This Agreement constitutes the entire agreement between the
parties hereto, and supersedes all prior oral or written agreements, commitments or understandings,
with respect to the matters provided for herein.

     12. Independent Contractor Status. The Consultant shall have sole control of the
manner and means of performing his services under this Agreement and shall complete such services
in accordance with his own means and methods of work. The parties intend that the Consultant shall
be an independent contractor, self-employed individual and that the Consultant shall be responsible
for the payment of applicable income and self-employment taxes with respect to his compensation
under this Agreement.

     13. Compliance with Legal Requirements. Unless otherwise provided in Section 2
hereto, the Company shall not provide workers’ compensation, disability insurance, Social Security
or unemployment compensation coverage nor any other statutory benefit to the Consultant. The
Consultant shall comply at his expense with all applicable provisions of workers’ compensation
laws, unemployment compensation laws, federal Social Security law, the Fair Labor Standards Act,
OSHA regulations, federal, state and local income tax laws, and all other applicable federal, state
and local laws, regulations and codes relating to terms and conditions of employment required to be
fulfilled by employers or independent contractors.

     14. Governing Law. This Agreement shall be governed by the laws of the State of
Maryland (but not including any choice of law rule thereof that would cause the laws of another
jurisdiction to apply).

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     IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered
in their name and on their behalf as of the date first above written.

	 	 	 	 	 	 	 
	 	 	CAPITALSOURCE INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ STEVEN A. MUSELES	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Steven A. Museles 

Title: Executive Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	CONSULTANT	 	 
	 
	 	 	 	 	 	 
	 	 	     /s/
JASON M. FISH	 	 
	 	 	 	 	 
	 	 	          Jason M. Fish	 	 

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