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:Success Fees for Transaction Services • May 7th, 2009 • Origen Financial Inc • 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.
