FIRST AMENDMENT TO FORFEITURE AGREEMENTForfeiture Agreement • October 23rd, 2009 • Prospect Acquisition Corp • Real estate • New York
THIS FIRST AMENDMENT TO FORFEITURE AGREEMENT (this “Amendment”) is made and entered into as of October 22, 2009, by and among (i) PROSPECT ACQUISITION CORP., a Delaware corporation (“Prospect”), (ii) DE GUARDIOLA ADVISORS, INC., a Delaware corporation (“DGA”), (iii) DE GUARDIOLA HOLDINGS, INC., a Delaware corporation (“DGH”), (iv) Flat Ridge Investments LLC, LLM Structured Equity Fund L.P., LLM Investors L.P., CMS Platinum Fund, L.P., SJC Capital LLC, Michael P. Castine, Daniel Gressel, Michael Downey, James J. Cahill and John Merchant (collectively, the “Prospect Founders”), and (v) KENNEDY-WILSON, INC., a Delaware corporation (“KW”). Except as otherwise set forth herein, capitalized terms used herein shall have the meanings set forth in the Forfeiture Agreement, dated as of September 8, 2009 (the “Original Agreement”), by and among the parties hereto.
FIFTH AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • October 23rd, 2009 • Prospect Acquisition Corp • Real estate
This Fifth Amendment to Employment Agreement is made and entered into as of January 1, 2009 by and between KW Multi-Family Management Group, Ltd., a Delaware corporation (“Company”), and Robert E. Hart (“Employee”).
FIFTEENTH AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • October 23rd, 2009 • Prospect Acquisition Corp • Real estate
This Fifteenth Amendment to Employment Agreement is made and entered into as of January 1, 2009 by and between Kennedy-Wilson Properties, Ltd., an Illinois corporation (“Company”), and James Rosten (“Employee”).
FOURTH AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • October 23rd, 2009 • Prospect Acquisition Corp • Real estate
This Fourth Amendment to Employment Agreement (the “Fourth Amendment”) is made and entered into as of January 1, 1996, by and between KENNEDY-WILSON, INC., a Delaware Corporation, with its principal office located in Santa Monica, California (the “Company”) and WILUAM J. MCMORROW, an individual (“Employee”).
WAIVER AND MODIFICATION WITH RESPECT TO EMPLOYMENT AGREEMENT AMENDMENTSEmployment Agreement • October 23rd, 2009 • Prospect Acquisition Corp • Real estate
WHEREAS, William J. McMorrow, Mary L. Ricks, and Donald J. Herrema (the “Executives”) have each entered into amendments to their respective employment agreements (the “Amendments”) with Kennedy-Wilson, Inc. (“Company”), which Amendments provide, among other things, that, subject to certain conditions, each of them shall be issued 900,000 shares of restricted stock of Prospect Acquisition Corp., which restricted shares shall be eligible to vest at the rate of 180,000 shares a year on the first through fifth anniversaries of the Effective Time, as defined in the Amendments, and subject to the satisfaction of the Performance Target, as defined in the Amendments;
FIFTH AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • October 23rd, 2009 • Prospect Acquisition Corp • Real estate
This Fifth Amendment to Employment Agreement (the “Fifth Amendment”) is made and entered into as of May 19, 1997, by and between KENNEDY-WILSON, INC., A Delaware corporation, with its principal office located in Santa Monica, California (the “Company”), and WILLIAM J. McMORROW, an individual (“Employee”).
THIRD AMENDMENT TO EMPLOYMENT AGREEMENT.Employment Agreement • October 23rd, 2009 • Prospect Acquisition Corp • Real estate
This Third Amendment to Employment Agreement (the “Third Amendment”) is made and entered into as of March 31, 1995, by and between KENNEDY-WILSON, INC., a Delaware corporation with its principal office located in Santa Monica, California (the “Company”) and WILLIAM J. McMORROW, an individual (“Employee”).
EIGHTEENTH AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • October 23rd, 2009 • Prospect Acquisition Corp • Real estate
This Eighteenth Amendment to Employment Agreement is made and entered into as of January 1, 2009 by and between Kennedy Wilson Inc., a Delaware corporation (“Company”), and Freeman A. Lyle, Jr. (“Employee”).
