Banc of America Leasing & Capital, LLC Master Lease Agreement Number: 30350-Master Lease Agreement • December 14th, 2015 • Pennymac Financial Services, Inc. • Mortgage bankers & loan correspondents
This Master Lease Agreement, dated as of December 9, 2015 (this “Agreement”), is by and between Banc of America Leasing & Capital, LLC, a Delaware limited liability company having an office at 125 Dupont Drive, Providence, RI 02907 (together with its successors and assigns, “Lessor”), and Private National Mortgage Acceptance Company, LLC as “Lessee”, a corporation existing under the laws of the state of Delaware, and having its chief executive office and any organizational identification number as specified with its execution of this Agreement below. Certain defined terms used herein are identified in bold face and quotation marks throughout this Agreement and in Section 15 below. This Agreement sets forth the terms and conditions for the lease of Equipment between Lessor and Lessee pursuant to one or more "Schedules" incorporating by reference the terms of this Agreement, together with all exhibits, addenda, schedules, certificates, riders and other documents and instruments executed
Banc of America Leasing & Capital, LLC GUARANTYGuaranty • December 14th, 2015 • Pennymac Financial Services, Inc. • Mortgage bankers & loan correspondents
This Guaranty (this "Guaranty") is executed and delivered as of the date set forth below by the undersigned guarantor (the "Guarantor") in favor of Banc of America Leasing & Capital, LLC ("BALC"). BALC may, from time to time, enter into agreements with Private National Mortgage Acceptance Company ("Customer"). The term "Customer," if defined to include more than one party, shall mean "Customer and each of them" and this Guaranty shall secure payment of all of their respective Obligations (hereinafter defined) to BALC. BALC is unwilling to enter into such agreements with Customer, unless Guarantor absolutely and unconditionally guarantees to BALC the payment and performance of all obligations of Customer at any time owing to BALC. With knowledge that BALC will enter into agreements with or extend financial accommodations to Customer in reliance upon the existence of this Guaranty and the validity and enforceability of the obligations and liabilities of Guarantor to BALC contemplated her
EMPLOYMENT AGREEMENTEmployment Agreement • December 14th, 2015 • Pennymac Financial Services, Inc. • Mortgage bankers & loan correspondents • California
This Employment Agreement (“Agreement”) is made on this 8th day of December, 2015 (“Effective Date”), among Private National Mortgage Acceptance Company, LLC (“PNMAC” or the “Company”) and PennyMac Financial Services, Inc. (“PFSI”), each having a principal place of business at 6101 Condor Drive, Moorpark, CA 93021, and David A. Spector (“Executive”), whose residence is at 4163 Longridge Avenue, Sherman Oaks, California 91423.
Banc of America Leasing & Capital, LLC Addendum to Master Lease Agreement No. 30350-90000Addendum to Master Lease Agreement • December 14th, 2015 • Pennymac Financial Services, Inc. • Mortgage bankers & loan correspondents
This Addendum (“Addendum”) to Master Lease Agreement No. 30350-90000 dated as of December 9, 2015 (the “Agreement”) is by and between Banc of America Leasing & Capital, LLC ("Lessor") and Private National Mortgage Acceptance Company, LLC ("Lessee"), who have determined that it is to their mutual benefit to make certain amendments to the Agreement. All capitalized terms used herein without definition shall have the respective meaning set forth or referred to them in the Agreement. For purposes of this Addendum, all financial terms contained herein that are not specifically defined herein shall have the meanings and values determined in accordance with generally accepted accounting principles in the United States, as defined by controlling pronouncements of the Financial Accounting Standards Board, as from time to time supplemented and amended, and consistently applied. Accordingly, for good and valuable consideration, intending to be legally bound and pursuant to the terms and condition
Banc of America Leasing & Capital, LLC to Master Lease Agreement Number 001Lease Agreement • December 14th, 2015 • Pennymac Financial Services, Inc. • Mortgage bankers & loan correspondents
This Schedule ("Schedule"), dated as of December 9, 2015, between Banc of America Leasing & Capital, LLC ("Lessor") and Private National Mortgage Acceptance Company, LLC ("Lessee") is executed pursuant to Master Lease Agreement Number 30350-90000 dated December 9 , 2015 (the “Master Lease”), incorporated in this Schedule by this reference. Unless otherwise defined in this Schedule, capitalized terms used in this Schedule have the respective meanings assigned to such terms in the Master Lease. If any provision of this Schedule conflicts with any provision of the Master Lease, the provisions contained in this Schedule shall prevail. Lessee hereby authorizes Lessor to insert the serial numbers and other identification data of the Equipment, dates, and other omitted factual matters or descriptions in this Schedule.
