0000950123-09-069261 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • December 8th, 2009 • Flagstar Bancorp Inc • Savings institution, federally chartered • New York

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is entered into as of the ___ day of November, 2009 by and between Flagstar Bancorp, Inc., a Michigan corporation maintaining offices at 5151 Corporate Drive, Troy, Michigan 48098 (the “Company”), and Matthew A. Kerin, whose mailing address is P.O. Box 330910, West Hartford, CT 06133 (“Executive”) (the Company and Executive referred to collectively as the “Parties” and individually as a “Party”).

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SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • December 8th, 2009 • Flagstar Bancorp Inc • Savings institution, federally chartered

THIS SECOND AMENDMENT TO EMPLOYMENT AGREEMENT (“Second Amendment”) is effective as of this 7th day of December, 2009, by and between FLAGSTAR BANCORP, INC., a Michigan corporation (the “Company”), FLAGSTAR BANK, FSB, a federally-chartered savings bank (the “Bank”), and MARK T. HAMMOND (“Employee”) (collectively, the “Parties”).

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