Corus Bankshares Inc Watch

from 8-K 8 pages This Letter Confirms and Sets Forth the Terms and Conditions of the Engagement Between Kinetic Advisors LLC (“Kinetic”), an Affiliate of Tatum LLC (“Tatum”), and Corus Bankshares, Inc and Corus Bank N.A. (Collectively Referred to as “Bank”), Including the Scope of Services to Be Performed and the Basis of Compensation for Those Services. Upon Execution of This Letter by Each of the Parties Below and Receipt of the Retainer Described Below, This Letter Will Constitute an Agreement Between the Bank and Kinetic. 1. Description of Services A. Team: In Connection With This Engagement, Kinetic Shall Make Available to the Bank: (I) Sudhin Roy, to Serve as the Senior Managing Director Responsible for the Overall Engagement (The “Engagement Leader”); (II) Michael Minnaugh to Serve as the Bank’s Chief Financial Officer (The “CFO”); and (III) Upon the Mutual Agreement of Kinetic and the Board of Directors of the Bank (The “Board”), Such Additional Personnel as Are Necessary to Assist in the Performance of the Duties Set Forth in Clause 1.b Below (The “Additional Personnel”). B. Duties: The Team (Including the CFO) Will Provide Services in the Following Areas: (I) Provide Leadership Within the Finance and Accounting Functions of the Bank; (II) Assist in the Assembly of Accounting and Other Financial Reporting as Requested by Management, the Board of Directors and Regulators; (III) Work in Close Coordination With Other Outside Advisors Retained by the Bank 1

from 8-K 20 pages Corus Bankshares, Inc. Equity Award and Incentive Plan (As Amended Through the Second Amendment) Article 1. Establishment, Purpose, and Effective Date of Plan

from 10-K ~5 pages Compensation Full Board Audit Committee Committee Nominating Committee Fees Member Chairman Member Chairman Member Chairman Member Chairman Chairman Retainer Fee $ 0 $ 20,000 $ 8,000 $ 10,000 (Per Annum) ‘Regular’ Board Meetings $ 9,500 (Per Meeting) Normal Committee Meetings $ 6,000 $ 5,000 $ 3,000 (Per Meeting) ‘Special’ Board/Committee Meetings $ 1,500 $ 1,500 $ 1,500 $ 1,500 In-Person (Per Hour) ‘Special’ Board/Committee Meetings $ 1,500 $ 1,500 $ 1,500 $ 1,500 Telephonic

from 8-K 4 pages United States of America Department of the Treasury Comptroller of the Currency

from 8-K 23 pages United States of America Department of the Treasury Comptroller of the Currency

from 8-K 6 pages United States of America Before the Board of Governors of the Federal Reserve System Washington, D.C

from 8-K 11 pages Indemnification Agreement 1

from 8-K 13 pages Agreement

from 8-K 13 pages Agreement

from 10-Q 2 pages Corus Bankshares Director Compensation Last Approved: August 28, 2007 Fees

from 10-Q 6 pages Compensation Agreement

from 10-Q 6 pages Nonqualified Stock Option Agreement

from 10-Q 8 pages Amended and Restated Pledge and Security Agreement

from 8-K 20 pages Corus Bankshares, Inc. Equity Award and Incentive Plan (As Amended) Article 1. Establishment, Purpose, and Effective Date of Plan

from 8-K 8 pages Performance Restricted Stock Agreement

from 8-K 5 pages Restricted Stock Agreement

from 10-K 4 pages Commission Agreement and Release

from 8-K 12 pages Form of Change of Control Agreement Between the Company and Certin of Its Officers From Time to Time Agreement

from 8-K ~5 pages Summary of Executive Compensation

from 8-K ~5 pages Summary Description of Corus Bankshares Compensation for Directors