SPLIT DOLLAR AGREEMENT
THIS AGREEMENT is made and entered into this 30th day of March, 1999, by and between EAGLEMARK
FINANCIAL SERVICES, INC., a Delaware corporation, of Chicago, Illinois (the "Company"), and PHILLIP
CHARLES ZARCONE, not individually but as Trustee of the DONNA JOSEPHINE FRETT ZARCONE
IRREVOCABLE TRUST DATED
MARCH 30, 1999 (the "Owner"), of Burr Ridge, Illinois.
WHEREAS, the Owner will become the owner of a policy of insurance on the life of Donna Josephine Frett
Zarcone (the "Insured") issued by Pacific Life Insurance Company (the "Insurer") in the initial face amount of
$2,700,000 with annual premiums of $112,914 (the "Policy").
WHEREAS, the Company will pay the premiums for the Policy as provided herein.
WHEREAS, the Insured is a valuable employee of the Company, the Company wishes to continue this
employment relationship and, as an inducement thereto, is willing to assist the Owner in the payment of future
premiums on the Policy as provided herein.
WHEREAS, in exchange for such premium assistance, the Owner is willing to return to the Company an amount
equal to the cumulative total of the premiums paid by the Company on the Policy (its "Policy Interest") as
NOW THEREFORE, for value received it is mutually agreed as follows:
1. From the date of this Agreement until the third anniversary of the date of this Agreement (the "Initial Period"):
A. The Company shall pay timely all premiums on the Policy and provide written evidence thereof to the Owner.
B. If the insured dies during the Initial Period, an amount of the proceeds of the Policy equal to the Company's
Policy Interest shall be paid to the Company and the balance of the proceeds shall be paid to the Owner.
C. If the Insured leaves the employ of the Company during the Initial Period, within 90 days after the Insured
leaves the employ of the Company the Owner shall:
(1) Pay to the Company an amount equal to the Company's Policy Interest and the Company will release to the
Owner its Colla