SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
EXHIBITS
TO
FORM 10-Q
UNDER
FEDERAL AGRICULTURAL MORTGAGE CORPORATION
10.2.9
AMENDMENT NO. 9 TO EMPLOYMENT CONTRACT
Agreed, as of the 1st day of June 2000, between the Federal Agricultural
Mortgage Corporation (FAMC) and Henry D. Edelman (you), that the existing
employment contract between the parties hereto, dated May 5, 1989, as amended by
Employment Agreement Amendment No. 1 dated January 10, 1991, Amendment to
Employment Agreement dated as of June 1, 1993, Amendment No. 3 to Employment
Contract dated as of June 1, 1994, Amendment No. 4 to Employment Contract dated
as of February 8, 1996, Amendment No. 5 to Employment Contract dated as of June
13, 1996, Amendment No. 6 to Employment Contract dated as of August 7, 1997,
Amendment No. 7 to Employment Contract dated as of June 4, 1998 and Amendment
No. 8 to Employment Contract dated as of June 3, 1999 (collectively, the
Agreement), be and hereby is amended as follows:
Sections 1, 4 (a) and 9 (a) (iii) of the Agreement are replaced in their
entirety with the following new sections:
1. Term. The Term of this Agreement shall continue until June 1,
2004 or any earlier effective date of termination pursuant to Paragraph 9 hereof
(the "Term").
4 (a). Base Salary. You will be paid a base salary (the Base Salary)
during the Term of Four Hundred Fourteen Thousand One Hundred and Seventy-Six
Dollars ($414,176) per year, payable in arrears on a bi-weekly basis; and
9 (a) (iii). Farmer Mac may terminate the employment of the Employee
without "cause" at any time. Such termination shall become effective on the
earlier of June 1, 2004 or two years from the date of notice of such
termination.
As amended hereby, the Agreement remains in full force and effect.
Federal Agricultural Mortgage Corporation Employee
By: _____________________________ __________________________
Chairman of the Board
10.3.12
AMENDMENT NO. 12 TO EMPLOYMENT CONTRACT
Agreed, as of the 1st day of June 2000, between the Federal Agricultural
Mortgage Corporation (FAMC) and Nancy E. Corsiglia (you) that the existing
employment contract between the parties hereto, dated May 11, 1989, as amended
by letter dated December 14, 1989, Employment Agreement Amendment No. 2 dated
February 14, 1991, Amendment to Employment Agreement dated as of June 1, 1993,
Amendment No. 4 to Employment Contract dated as of June 1, 1993, Amendment No. 5
to Employment Contract dated as of June 1, 1994, Amendment No. 6 to Employment
Contract dated as of June 1, 1995, Amendment No. 7 to Employment Contract dated
as of February 8, 1996, Amendment No. 8 to Employment Contract dated as of June
13, 1996, Amendment No. 9 to Employment Contract dated as of August 7, 1997,
Amendment No. 10 to Employment Contract dated as of June 4, 1998 and Amendment
No. 11 to Employment Contract dated as of June 3, 1999 (collectively, the
Agreement), be and hereby is amended as follows:
Sections 1, 3 (a) and 8 (a) (iii) of the Agreement are replaced in their
entirety with the following new sections:
1. Term. The Term of this Agreement shall continue until June
1, 2003 or any earlier effective date of termination pursuant to Paragraph 8
hereof (the "Term").
3 (a). Base Salary. You will be paid a base salary (the Base
Salary) during the Term of Two Hundred Forty-Two Thousand Five Hundred and
Ninety-Three Dollars ($242,593) per year, payable in arrears on a bi-weekly
basis; and
8 (a) (iii). Farmer Mac may terminate your employment without "cause"
at any time. Such termination shall become effective on the earlier of June 1,
2003, or two years from the date of notice of such termination.
As amended hereby, the Agreement remains in full force and effect.
Federal Agricultural Mortgage Corporation Employee
By: _____________________________ _________________________________
President
10.4.11
AMENDMENT NO. 11 TO EMPLOYMENT CONTRACT
Agreed, as of the 1st day of June 2000, between the Federal Agricultural
Mortgage Corporation (FAMC) and Thomas R. Clark (you), that the existing
employment contract between the parties hereto, dated June 13, 1989, as amended
by Employment Agreement Amendment No. 1 dated February 14, 1991 and Amendment to
Employment Contract dated as of June 1, 1993, Amendment No. 3 to Employment
Contract dated as of June 1, 1993, Amendment No. 4 to Employment Contract dated
as of June 1, 1994, Amendment No. 5 to Employment Contract dated as of June 1,
1995, Amendment No. 6 to Employment Contract dated as of February 8, 1996,
Amendment No. 7 to Employment Contract dated as of June 13, 1996, Amendment No.
8 to Employment Contract dated as of August 7, 1997, Amendment No. 9 to
Employment Contract dated as of June 4, 1998 and Amendment No. 10 to Employment
Contract dated as of June 3, 1999 (collectively, the Agreement), be and hereby
is amended as follows:
Sections 1, 3 (a) and 7 (a) (iii) of the Agreement are replaced in their
entirety with the following new sections:
1. Term. The Term of your employment shall continue until
June 1, 2003 or any earlier effective date of termination pursuant to
Paragraph 7 hereof (the "Term").
3 (a). Base Salary. You will be paid a base salary (the Base
Salary) during the Term of Two Hundred Twenty Thousand Two Hundred and
Thirty-Two Dollars ($220,232) per year, payable in arrears on a bi-weekly
basis; and
7 (a) (iii). Farmer Mac may terminate your employment without "cause"
at any time. Such termination shall become effective on the earlier of June 1,
2003, or two years from the date of notice of such termination.
As amended hereby, the Agreement remains in full force and effect.
Federal Agricultural Mortgage Corporation Employee
By: _____________________________ _______________________________
President
10.5.3
AMENDMENT NO. 3 TO EMPLOYMENT CONTRACT
Agreed, as of the 1st day of June 2000, between the Federal Agricultural
Mortgage Corporation (FAMC) and Tom D. Stenson (the employee), that the existing
employment contract between the parties hereto, dated as of September 1, 1997,
as amended by Amendment No. 1 to Employment Contract dated as of June 4, 1998
and Amendment No. 2 to Employment Contract dated as of June 3, 1999
(collectively, the Agreement), be and hereby is amended as follows:
Sections 1, 3 (a) and 7 (a) (3) of the Agreement are replaced in their
entirety with the following new sections:
1. Term. The Term of this Agreement shall continue until June
1, 2003 or any earlier effective date of termination pursuant to Paragraph 7
hereof (the "Term").
3 (a). Base Salary. You will be paid a base salary (the Base Salary)
during the Term of Two Hundred Seventeen Thousand Five Hundred Twenty-Eight
Dollars ($217,528) per year, payable in arrears on a bi-weekly basis.
7 (a) (3). Farmer Mac may terminate your employment without "cause" at
any time. Such termination shall become effective on the earlier of June 1,
2003, or two years from the date of notice of such termination.
As amended hereby, the Agreement remains in full force and effect.
Federal Agricultural Mortgage Corporation Employee
By: _____________________________ __________________________________
President
10.6.1
AMENDMENT NO. 1 TO EMPLOYMENT CONTRACT
Agreed, as of the 1st day of June 2000, between the Federal Agricultural
Mortgage Corporation (FAMC) and Jerome G. Oslick (the employee), that the
existing employment contract between the parties hereto, dated as of February 1,
2000 (the Agreement), be and hereby is amended as follows:
Sections 1, 3 (a) and 7 (a) (3) of the Agreement are replaced in their
entirety with the following new sections:
1. Term. The Term of this Agreement shall continue until June
1, 2002 or any earlier effective date of termination pursuant to Paragraph 7
hereof (the "Term").
3 (a). Base Salary. You will be paid a base salary (the Base Salary)
during the Term of One Hundred Sixty-Eight Thousand One Hundred Sixty-Eight
Dollars ($168,168) per year, payable in arrears on a bi-weekly basis.
7 (a) (3). Farmer Mac may terminate your employment without "cause" at
any time. Such termination shall become effective on June 1, 2002.
As amended hereby, the Agreement remains in full force and effect.
Federal Agricultural Mortgage Corporation Employee
By: _____________________________ ______________________________
President