Exhibit 10.15.2
AMENDMENT NO. 2 TO EMPLOYMENT CONTRACT
AGREED, as of the 16th day of June 2005, between the Federal Agricultural
Mortgage Corporation (FAMC) and ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ (you), that the existing
employment contract between the parties hereto, dated as of October 31, 2003,
and Amendment No. 1 dated as of August 3, 2004 (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, 2008 or
any earlier effective date of termination pursuant to Paragraph 7 hereof (the
"Term").
3 (a). Base Salary. As of July 1, 2005, you will be paid a base salary (the
Base Salary) during the Term of Two Hundred Fifteen Thousand Dollars ($215,000)
per year, payable in arrears on a bi-weekly basis.
7 (a) (3). ▇▇▇▇▇▇ Mac may terminate your employment without "cause" at any
time. Such termination shall become effective on the earlier of June 1, 2008, 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: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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President