0001033012-13-000062 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • July 30th, 2013 • Flagstar Bancorp Inc • Savings institution, federally chartered • Michigan

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is entered into as of the 16th day of May, 2013 by and between Flagstar Bancorp, Inc., a Michigan corporation maintaining offices at 5151 Corporate Drive, Troy, Michigan 48098 (the “Company”), Flagstar Bank, FSB, a federally chartered savings bank and wholly-owned subsidiary of the Company (the “Bank” and, together with the Company, “Flagstar”), and Lee M. Smith (“Executive”) (the Company, the Bank and Executive are referred to collectively as the “Parties” and individually as a “Party”).

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AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • July 30th, 2013 • Flagstar Bancorp Inc • Savings institution, federally chartered • New York

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is amended and restated as of the 16th day of May, 2013 by and among Flagstar Bancorp, Inc., a Michigan corporation maintaining offices at 5151 Corporate Drive, Troy, Michigan 48098 (the “Company”), Flagstar Bank, FSB, a federally chartered savings bank and wholly-owned subsidiary of the Company (the “Bank” and, together with the Company, “Flagstar”), and Michael J. Tierney (“Executive”) (the Company, the Bank and Executive referred to collectively as the “Parties” and individually as a “Party”).

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