EMPLOYMENT AGREEMENTEmployment Agreement • May 7th, 2009 • Origen Financial Inc • Real estate investment trusts • Michigan
THIS EMPLOYMENT AGREEMENT (this “Agreement”) is entered into effective as of October 1, 2003 (the “Effective Date”), by and between ORIGEN FINANCIAL, INC., a Delaware corporation (“Parent”), ORIGEN FINANCIAL L.L.C., a Delaware limited liability company (“Origen”), and PAUL GALASPIE (the “Executive”).
Contract2009 Employment Agreement • May 7th, 2009 • Origen Financial Inc • Real estate investment trusts • Michigan
THIS 2009 EMPLOYMENT AGREEMENT (this “Agreement”) by and among ORIGEN FINANCIAL, INC., a Delaware corporation (“Parent”), ORIGEN FINANCIAL L.L.C., a Delaware limited liability company (the “Company”) and W. ANDERSON GEATER, JR. (“Executive”) is made and entered into on May 1, 2009 and for all purposes shall be effective on April 4, 2009 (the “Effective Date”).
Contract2009 Employment Agreement • May 7th, 2009 • Origen Financial Inc • Real estate investment trusts • Michigan
THIS 2009 EMPLOYMENT AGREEMENT (this “Agreement”) by and between ORIGEN FINANCIAL, INC., a Delaware corporation (“Parent”), ORIGEN FINANCIAL L.L.C., a Delaware limited liability company (the “Company”) and RONALD A. KLEIN (“Employee”) is made and entered into on May 1, 2009, and for all purposes shall be effective on April 4, 2009 (the “Effective Date”). Collectively, Parent and Company shall be referred to as “Employers.”
May 1, 2009 Mr. Ronald M. Klein c/o Origen Financial, Inc. 27777 Franklin Road Suite 1700 Southfield, MI 48034 Re: Success Fees for Transaction Services Dear Ron:Origen Financial Inc • May 7th, 2009 • Real estate investment trusts • Michigan
We have today entered into an employment agreement (the “2009 Employment Agreement”) with you whereby Origen Financial, Inc., a Delaware corporation (the “Parent”), together with Origen Financial, L.L.C. (the “Company”), a Delaware limited liability company (the “Parent”), (collectively, the Parent and the Company are referred to as “Employers”) have employed you (“Klein”), as a part-time employee to provide the services described in the 2009 Employment Agreement. This letter (with the attached schedule, the “Agreement”) confirms our understanding regarding the Employers’ obligation to provide additional compensation to you and certain other employees and consultants, in accordance with the terms and subject to the conditions of this Agreement, in connection with one or more possible Transactions (as defined below) concluded on behalf of Employers under your direction.
Contract2009 Consulting Agreement • May 7th, 2009 • Origen Financial Inc • Real estate investment trusts • Michigan
THIS 2009 CONSULTING AGREEMENT (this “Agreement”) by and among ORIGEN FINANCIAL, INC., a Delaware corporation (“Parent”), ORIGEN FINANCIAL L.L.C., a Delaware limited liability company (the “Company”) and MARK LANDSCHULZ (“Consultant”) is made and entered into on May 1, 2009, and for all purposes shall be effective on April 4, 2009 (the “Effective Date”).
ORIGEN FINANCIAL, INC. ORIGEN FINANCIAL LLC 27777 Franklin Road Suite 1700 Southfield, Michigan 48034 May 1, 2009Origen Financial Inc • May 7th, 2009 • Real estate investment trusts
Origen Financial, Inc. (“Parent”), Origen Financial, LLC ( “Company”) and you (“Executive”) are parties to that certain Employment Agreement dated December 28, 2006 and amended July 1, 2008 (the “2006 Employment Agreement”). The 2006 Employment Agreement is scheduled to expire in accordance with its terms on October 7, 2009. This letter agreement (the “2009 Agreement”) is entered into effective as of April 4, 2009 (the “Effective Date”) and is intended to reflect and memorialize the agreements made among Parent, Company and Executive regarding Executive’s employment under the 2006 Employment Agreement.
