SEC Contract Filing

Filing Date: 2015-02-27

Document Content:
<DOCUMENT>
<TYPE>EX-10.47
<SEQUENCE>5
<FILENAME>nsmh123114exhibit1047.htm
<DESCRIPTION>EXHIBIT 10.47
<TEXT>
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<a name="s3c22cd1585904d5182d5403be8fe070d"></a><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exhibit 10.47</font></div></div><br><div style="line-height:120%;padding-top:0px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">EMPLOYMENT AGREEMENT</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">THIS EMPLOYMENT AGREEMENT</font><font style="font-family:inherit;font-size:12pt;">&#32;(&#8220;Agreement&#8221;) is made and entered into as of the 16</font><font style="font-family:inherit;font-size:12pt;"><sup style="vertical-align:top;line-height:120%;font-size:8pt">th</sup></font><font style="font-family:inherit;font-size:12pt;">&#32;day of October 2014 by and between Solutionstar Holdings LLC, a Delaware limited liability company (the &#8220;Company&#8221;) with headquarters located in the State of Texas, and Kal Raman, an individual presently residing at Kirkland, WA (&#8220;Executive&#8221;).</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WITNESSETH:</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:101px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">NOW, THEREFORE</font><font style="font-family:inherit;font-size:12pt;">, in consideration of the mutual promises, covenants and agreements herein contained, together with other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto do hereby agree as follows:</font></div><div style="line-height:120%;padding-top:0px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">1. </font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">SERVICES AND DUTIES</font><font style="font-family:inherit;font-size:12pt;">. The Company hereby employs Executive, and Executive hereby accepts employment by the Company, in the capacity of Chief Executive Officer - Solutionstar Holdings, LLC. Executive will report directly to the CEO of Nationstar Mortgage Holdings, Inc. or his designee (including his designee, the &#8220;Manager&#8221;), and also the Board of Directors of Nationstar Mortgage Holdings, Inc. Executive shall be a full-time employee of the Company and shall dedicate all of Executive&#8217;s working time to the Company. Executive shall have no other employment or business ventures which are undisclosed to the Company or which conflict with Executive&#8217;s duties under this Agreement. Executive will have such duties, responsibilities and authority as are prescribed by the Manager from time to time. Notwithstanding the foregoing, nothing herein shall prohibit Executive from (i) engaging in personal investment activities for himself and his family that do not give rise to any conflict of interest with the Company or its affiliates, including without limitation as set forth in their respective policies and procedures, (ii) subject to prior approval of the Company, acting as a director or in a similar role for an entity unrelated to the Company if such role does not give rise to any conflict of interest with the Company if such role does not give rise to any conflict of interest with the Company or its affiliates, and (iii) engaging in charitable and civic activities, in each case described in clauses (i) through (iii) provided that such activities do not interfere with the full performance of his duties hereunder.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2. </font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">TERM</font><font style="font-family:inherit;font-size:12pt;">. Executive&#8217;s employment under the terms and conditions of this Agreement will commence on the first day of Executive&#8217;s employment with the company (&#8220;the Effective Date&#8221;) and end on December 31, 2017, (the &#8220;Term&#8221;) or if earlier, the date of a termination of his employment for any reason (&#8220;Termination Date&#8221;). Effective after the expiration of the Term, to the extent of Executive&#8217;s continued employment with the Company, such employment shall be &#8220;at will,&#8221; meaning that either Executive or the Company may terminate Executive&#8217;s employment at any time and for any reason, or for no reason, without the payment of any se