Commercial Equity Investments LLC Watch

from S-1/A 11 pages Pooled Incentive Compensation Plan for the Proprietary Lending Group January 1 - December 31, 2004 Contents

from S-1/A 1 page Capmark Financial Group Inc. Severance Pay Plan Amendment

from S-1/A 1 page Amendment to the Capmark Financial Group Inc. Severance Pay Plan

from S-1/A 24 pages Capmark Financial Group Inc. Severance Pay Plan

from S-4/A 30 pages Asp Agreement Between Enableus, Inc. & Capmark Finance Inc. Dated as of April 26, 2007 Asp Agreement

from S-4/A 17 pages Advances, Security and Deposit Agreement

from S-4/A 4 pages Guarantee of Gmac Commercial Holding Corp

from S-4/A 39 pages Capmark Uk Realty Incentive Vehicle, LLC Limited Liability Company Agreement

from S-4/A 4 pages Capmark Financial Group Inc. Discretionary Bonus Plan

from S-4/A 5 pages Separation Agreement and Release

from S-4 5 pages January 9, 2007 Private and Confidential General Place of Employment: Tokyo, Japan Position Title: CEO Asia Operations Salary: $500,000 U.S. Dollars/Annum Bonus: Capmark Discretionary Plan Anticipated Assignment Effective Date: December 1, 2006 Anticipated Length of Assignment: 3 Years Point of Origin: US Compensation and Foreign Assignment-Related Benefits

from S-4 4 pages 200 Witmer Road Linda Pickles, Sphr Horsham, Pa 19044 Executive Vice President Human Resources Revised September 5, 2006

from S-4 15 pages We Are All Extremely Pleased That You Have Agreed to Accept the Position of Chief Executive Officer (“CEO”) of Capmark Financial Group Inc. (The “Company”), Effective June 1, 2006 (“Commencement Date”), in Accordance With the Terms and Conditions of This Letter (The “Letter Agreement”), Which Shall Govern Your Employment With the Company. as Soon as Practicable After This Letter Agreement Is Executed, You Will Enter Into Other Agreements With the Company and the Investors Therein, Including, but Not Limited To, a Management Stockholder’s Agreement (Substantially in the Form Attached Hereto as Annex C), a Sale Participation Agreement (Substantially in the Form Attached Hereto as Annex E) and Certain Stock Option Agreements (Substantially in the Form Attached Hereto as Annex D) to Be Granted Pursuant to the 2006 Equity Plan for Key Employees of the Company and Its Affiliates (The “2006 Plan” And, Together, With Such Other Agreements, the “Equity Agreements”), the Principal Terms of Which Are Described in Appendix I Attached to This Letter Agreement. Such Equity Agreements Will Be Substantially in the Form Executed With Other Executives of the Company, With Such Changes as Are Necessary to Reflect the Terms Herein. the Nature of Your Employment Is At-Will, And, Subject to Appendix I, Your Employment May Be Terminated by Yourself or the Company for Any or No Reason at Any Time

from S-4 44 pages Capmark Structured Real Estate Fund Incentive Vehicle, L.P. Limited Partnership Agreement

from S-4 13 pages Capmark Financial Group Inc. Executive Deferred Compensation and Stock Award Plan Purpose

from S-4 2 pages Amendment No. 1 to the Capmark Financial Group Inc. Non-Employee Directors’ Deferred Compensation and Stock Award Plan

from S-4 10 pages Capmark Financial Group Inc. Non-Employee Directors’ Deferred Compensation and Stock Award Plan Purpose

from S-4 5 pages Form of Independent Director Sale Participation Agreement

from S-4 23 pages Independent Director Stockholder’s Agreement

from S-4 5 pages Form of Sale Participation Agreement