DEERFIELD CAPITAL LETTERHEAD]Transition Employment Agreement • November 10th, 2008 • Deerfield Capital Corp. • Real estate investment trusts
This letter (our “Agreement”) will confirm our understanding with respect to your termination as an employee of Deerfield Capital Management LLC (the “Company”) as a result of a reduction in force. You acknowledge that this Agreement is intended only to resolve matters relating to your employment with the Company and is not an admission of fault or liability on the part of you or the Company. Subject to your continuing to comply with the terms of this Agreement, you and the Company agree as follows:
TABERNA CAPITAL MANAGEMENT, LLC 450 PARK AVENUE FLOOR 11 NEW YORK, NEW YORK 10022Letter Agreement • November 10th, 2008 • Deerfield Capital Corp. • Real estate investment trusts
Reference is hereby made to (i) that certain Junior Subordinated Indenture (as amended, supplemented or otherwise modified from time to time, the “Indenture I”) between Deerfield Capital LLC (formerly Deerfield Triarc Capital LLC, the “Company”), and The Bank of New York Trust Company, National Association (as successor to JPMorgan Chase Bank, National Association) (the “Trustee”), dated as of September 29, 2005, (ii) that certain Junior Subordinated Indenture (as amended, supplemented or otherwise modified from time to time, the “Indenture II”) between the Company and the Trustee, dated as of August 2, 2006, and (iii) that certain Junior Subordinated Indenture (as amended, supplemented or otherwise modified from time to time, the “Indenture III” and together with the Indenture I and the Indenture II, the “Indentures”) between the Company and the Trustee, dated as of October 27, 2006, pursuant to which the Company issued junior subordinated notes which evidence loans made to the Compan
