Agreement to Extend the Term of the Management Continuity Agreement between Kyle R. Walker and Fremont General Corporation/Fremont Investment & Loan
This agreement extends the term of a prior management continuity agreement between Kyle R. Walker and Fremont General Corporation and Fremont Investment & Loan. The original agreement, set to expire on August 7, 2006, is now extended to August 7, 2009. All other terms of the original agreement remain unchanged, and the extension is confirmed by the signatures of all parties involved.
AGREEMENT
TO
EXTEND THE TERM OF THE
MANAGEMENT CONTINUITY AGREEMENT
WHEREAS, Kyle R. Walker (the “Executive”) entered into a management continuity agreement with Fremont General Corporation (“FGC”) and Fremont Investment & Loan (“FIL” and, collectively with FGC, the “Company”) effective August 7, 2003 (herein, the “Agreement”);
WHEREAS, the Agreement will terminate on August 7, 2006 unless extended by mutual written agreement between the Company and the Executive;
NOW, THEREFORE, for good and valuable consideration, the receipt of which is hereby acknowledged, the Company and the Executive agree that the term of the Agreement is extended to August 7, 2009.
IN WITNESS WHEREOF, the Executive, FGC and FIL hereby agree that the Agreement is amended to reflect the foregoing.
Kyle R. Walker
Date:
Fremont Investment & Loan
By:
Date:
Fremont General Corporation
By:
Date:
