FRANKLIN CREDIT MANAGEMENT CORPORATION Jersey City, NJ 07302Franklin Credit Management Corp • January 21st, 2015 • Miscellaneous business credit institution
This letter sets forth an amendment of your employment agreement with Franklin Credit Management Corporation (the “Company”), effective as of March 28, 2005 and as previously amended on December 31, 2008 (the “Employment Agreement”), in connection with a proposed reverse and forward stock split on January 20, 2015, in accordance with Information Statement filed with the Securities and Exchange Commission on November 18, 2014, (the “Reverse/Forward Split”) of common stock of the Company (the “Common Stock”) and termination of registration of the Common Stock under Rule 12g-5 and Section 12(g) of the Securities Exchange Act of 1934. Capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in the Employment Agreement.
