ECC Capital (ECRO) 8-K Entry into a Material Definitive Agreement

2005 APPENDIX
TO THE
ECC CAPITAL CORPORATION
EXECUTIVE BONUS PLAN
FOR
JOHN KOHLER

Participant

Performance Targets/Bonus Awards

John Kohler, Executive Vice President, Capital Markets and Secondary Marketing

1. Mr. Kohler shall be eligible to receive a performance bonus of $500,000 upon reaching a level of $5,000,000,000 in total securitizations and whole loan sales during the period from February 18, 2005 through December 31, 2005 (“Performance Target Period”) on or prior to December 31, 2005. 2. Mr. Kohler shall be eligible to receive an additional performance bonus of $500,000 upon reaching a level of $8,000,000,000 in total securitizations and whole loan sales during the Performance Target Period on or prior to December 31, 2005.