0000950152-09-000886 Sample Contracts

Contract
Investment Agreement • February 2nd, 2009 • Flagstar Bancorp Inc • Savings institution, federally chartered • New York

THIS AMENDMENT AND WAIVER AGREEMENT, dated as of January 30, 2009 (this “Closing Agreement”), by and between Flagstar Bancorp, Inc., a corporation organized under the laws of the State of Michigan (the “Company”) and MP Thrift Investments L.P. a Delaware limited partnership (“Purchaser”, and together with the Company, the “Closing Parties”).

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FLAGSTAR BANK, FSB SEVERANCE AGREEMENT
Severance Agreement • February 2nd, 2009 • Flagstar Bancorp Inc • Savings institution, federally chartered

THIS SEVERANCE AGREEMENT (this “Agreement”) by and between Flagstar Bank, FSB, a federally-chartered savings bank, Flagstar Bancorp, Inc. (collectively, the “Bank”), and Robert O. Rondeau, Jr. (the “Executive”), is entered into as of the 30th day of January, 2009 (the “Effective Date”).

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