Exhibit 10(b)(1)(c)

AMENDMENT NO. 2 TO THE AMENDED AND

RESTATED SALE AND SERVICING AGREEMENT

THIS AMENDMENT NO. 2 TO THE AMENDED AND RESTATED SALE AND SERVICING AGREEMENT,
dated as of July 10, 2006 (this “Amendment”), is entered into in connection with
that certain Amended and Restated Sale and Servicing Agreement, dated as of
April 5, 2006 (such agreement as amended, modified, supplemented, waived or
restated from time to time, the “Agreement”), by and among NEWSTAR CP FUNDING
LLC, a Delaware limited liability company, as the seller (together with its
successors and assigns in such capacity, the “Seller”), NEWSTAR FINANCIAL INC.,
a Delaware corporation (together with its successors and assigns, the
“Company”), as the originator (together with its successors and assigns in such
capacity, the “Originator”), and as the servicer (together with its successors
and assigns in such capacity, the “Servicer”), WACHOVIA BANK, NATIONAL
ASSOCIATION, a national banking association (together with its successor and
assigns, “Wachovia”), as the swingline purchaser (together with its successor
and assigns in such capacity, the “Swingline Purchaser”), certain conduit
purchasers and purchaser agents party thereto (each, together with its
successors and assigns in such capacity, a “Conduit Purchaser” and a “Purchaser”
and, collectively with the Swingline Purchaser, the “Purchasers”), WACHOVIA
CAPITAL MARKETS, LLC, a Delaware limited liability company (together with its
successor and assigns, “WCM”), as the administrative agent (together with its
successor and assigns in such capacity, the “Administrative Agent”), and as the
Purchaser Agent with respect to Variable Funding Capital Company LLC as Conduit
Purchaser (together with its successor and assigns in such capacity, the “VFCC
Agent”), U.S. BANK NATIONAL ASSOCIATION, a national banking association
(together with its successor and assigns, “US Bank”), not in its individual
capacity but as the trustee (together with its successor and assigns in such
capacity, the “Trustee”), and LYON FINANCIAL SERVICES, INC., a Minnesota
corporation, doing business as U.S. Bank Portfolio Services, not in its
individual capacity but as the backup servicer (together with its successor and
assigns in such capacity, the “Backup Servicer”). Capitalized terms used and not
otherwise defined herein are used as defined in the Agreement.

R E C I T A L S

WHEREAS, the above-named parties have entered into the Agreement, and, pursuant
to and in accordance with Section 13.1 thereof, the Seller, the Servicer, the
Administrative Agent and each of the Purchasers desire to amend certain
provisions of the Agreement in certain respects as provided herein;

NOW, THEREFORE, based upon the above Recitals, the mutual premises and
agreements contained herein, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto,
intending to be legally bound, hereby agree as follows:

SECTION 1. Amendments.

(a) The definition of “Advance Rate” in Section 1.1 of the Agreement is hereby
amended by deleting the table under the heading “Middle Market Loans and ABS
Direct Loans” and inserting the words “As set forth on Schedule X” in its place.

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(b) The definition of “Concentration Limits” in Section 1.1 of the Agreement is
hereby amended by amending and restating clause (b) thereof in its entirety as
follows:

“(b) the sum of the Principal Balances of Eligible Assets that are Loans to a
single Obligor (including any Affiliates thereof) shall not exceed $25,000,000;
provided, that, with respect to no more than three Obligors at any one time, for
a period of 90 days after each such Loan becomes part of the Collateral, the sum
of the Principal Balances of Eligible Assets that are Loans to a single Obligor
(including any Affiliates thereof) shall not exceed $40,000,000, in each case,
subject to the approval of the Administrative Agent in its sole discretion;”

(c) The definition of “Weighted Average Rating Factor” in Section 1.1 of the
Agreement is hereby amended by amending and restating such definition in its
entirety as follows:

“Weighted Average Rating Factor”: As of any Measurement Date, the number
obtained by (a) multiplying the Principal Balance of each Middle Market Loan and
ABS Direct Loan (included in the Borrowing Base) by its Moody’s Rating Factor on
any Measurement Date; (b) summing the products obtained in clause (a) for all
Middle Market Loans and ABS Direct Loans; (c) dividing the sum obtained in
clause (b) by the sum of the Principal Balances of all Middle Market Loans and
ABS Direct Loans on such Measurement Date; (d) rounding the result to the
nearest whole number; and (e) subtracting the WARF Modifier; provided, however,
that (i) after giving effect to clause (e) of this definition, the Weighted
Average Rating Factor shall not be less than 2250, and (ii) clause (e) of this
definition shall not apply in the event that the Weighted Average Rating Factor
is less than 2250 after giving effect to clauses (a), (b), (c) and (d);

(d) Section 1.1 of the Agreement is hereby amended by adding the following
definitions in proper alphabetical order:

“LIBOR” means on any date of determination (a) the posted rate for one-month
deposits in United States Dollars appearing on Telerate page 3750, or a
successor page, as of 11:00 a.m. (London time) on such day or (b) if no such
rate appears on Telerate page 3750, or a successor page, at such time and day,
then LIBOR shall be determined by Wachovia at its principal office in Charlotte,
North Carolina as its rate (each such determination, absent manifest error, to
be conclusive and binding on all parties hereto and their assignees) at which 30
day deposits in United States Dollars are being, have been, or would be offered
or quoted by Wachovia to major banks in the applicable interbank market for
Eurodollar deposits at or about 11:00 a.m. (Charlotte, North Carolina time) on
such day.

 

- 2 -

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“Moody’s Recovery Rate” means, with respect to any Middle Market Loan or ABS
Direct Loan, the recovery rate specified by Moody’s for such Loan:

 

Moody’s Category

   Recovery
Rate  

Senior Secured ABL Loan

   60 %

Senior Secured Loan

   50 %

Stretch Senior Secured Loan

   50 %

LOT Loan

   40 %

Second Lien Loan

   40 %

Subordinated Loan

   30 %

DIP Loan

   50 %

ABS Direct Loan

   25 %

“Moody’s Weighted Average Recovery Rate” means, as of any Measurement Date, the
percentage (rounded up to the first decimal place) obtained by dividing (a) the
sum of the products obtained by multiplying the outstanding Principal Balance of
each Middle Market Loan and ABS Direct Loan by its Moody’s Recovery Rate, by
(b) the aggregate Principal Balance of all Middle Market Loans and ABS Direct
Loans as of such date.

“WARF Modifier” means an amount equal to, as of any date of determination, the
product of (i) the excess, if any, of the Moody’s Weighted Average Recovery Rate
as of such date of determination over 40% times (ii) 38 times (iii) 100.

“Weighted Average Spread”: As of any Measurement Date, a fraction (expressed as
a percentage and rounded up to the next 0.001%), (a) the numerator of which is
the sum of the products determined by multiplying the outstanding Principal
Balance of each Middle Market Loan and ABS Direct Loan (excluding Charged-Off
Loans and Delinquent Loans) in the Collateral as of such Measurement Date by
(i) in the case of Middle Market Loans or ABS Direct Loans that are Floating
Rate Loans, the stated spread above or below LIBOR of the current interest rate
applicable to such Loan or (ii) in the case of Middle Market Loans or ABS Direct
Loans that are Fixed Rate Loans, the spread above or below LIBOR of the interest
rate applicable to such Loan calculated on any Measurement Date by the Servicer
in its sole discretion on behalf of the Administrative Agent by subtracting
LIBOR from the interest rate of such Loan, and (b) the denominator of which is
the sum of the outstanding Principal Balances of all Middle Market Loan and ABS
Direct Loans (excluding Charged-Off Loans and Delinquent Loans) in the
Collateral as of such Measurement Date; provided that for purposes of this
definition, (1) no contingent payment of interest will be included in such
calculation; (2) any interest rate payable by an Obligor shall exclude any
portion of the interest that is

 

- 3 -

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currently being deferred in violation of the terms of the related Required Loan
Documents; (3) in the case of interest rate for a Middle Market Loan or ABS
Direct Loan that is a Floating Rate Loan not expressed as a stated spread above
or below LIBOR, the stated spread to LIBOR relating to such Loan shall be
calculated on any Measurement Date by the Servicer in its sole discretion on
behalf of the Administrative Agent by subtracting LIBOR from the interest rate
of such Loan; and (4) Middle Market Loans or ABS Direct Loans that are
Charged-Off Loans and Delinquent Loans will be included in the calculations
described herein if, as of such Measurement Date, such Loans are paying in full
current interest pursuant to the terms of their respective Underlying
Instruments.

(e) Schedule X, in the form of Exhibit A attached hereto, shall be inserted in
the Agreement immediately following Schedule IX.

SECTION 2. Agreement in Full Force and Effect as Amended. Except as specifically
amended hereby, the Agreement shall remain in full force and effect. All
references to the Agreement shall be deemed to mean the Agreement as modified
hereby. This Amendment shall not constitute a novation of the Agreement, but
shall constitute an amendment thereof. The parties hereto agree to be bound by
the terms and conditions of the Agreement, as amended by this Amendment, as
though such terms and conditions were set forth herein.

SECTION 3. Conditions Precedent.

The effectiveness of this Amendment is subject to the due execution of this
Amendment by each of the parties hereto.

SECTION 4. Miscellaneous.

(a) This Amendment may be executed in any number of counterparts, and by the
different parties hereto on the same or separate counterparts, each of which
shall be deemed to be an original instrument but all of which together shall
constitute one and the same agreement.

(b) The descriptive headings of the various sections of this Amendment are
inserted for convenience of reference only and shall not be deemed to affect the
meaning or construction of any of the provisions hereof.

(c) This Amendment may not be amended or otherwise modified except as provided
in the Agreement.

(d) The failure or unenforceability of any provision hereof shall not affect the
other provisions of this Amendment.

(e) Whenever the context and construction so require, all words used in the
singular number herein shall be deemed to have been used in the plural, and vice
versa, and the masculine gender shall include the feminine and neuter and the
neuter shall include the masculine and feminine.

 

- 4 -

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(f) This Amendment represents the final agreement between the parties and may
not be contradicted by evidence of prior, contemporaneous or subsequent oral
agreements between the parties. There are no unwritten oral agreements between
the parties.

(g) THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS
AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK WITHOUT REFERENCE TO ITS CONFLICT OF LAWS
PROVISIONS.

 

- 5 -

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IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by
their respective officers thereunto duly authorized, as of the date first above
written.

 

THE SELLER:     NEWSTAR CP FUNDING LLC      

By:

  NewStar Financial, Inc., its Designated Manager      

By:

  /S/    JOHN J. FRISHKOPF         Name: John J. Frishkopf         Title:
Managing Director THE SERVICER:     NEWSTAR FINANCIAL, INC.      

By:

  /S/    JOHN J. FRISHKOPF         Name: John J. Frishkopf         Title:
Managing Director THE ADMINISTRATIVE AGENT:     WACHOVIA CAPITAL MARKETS, LLC  
   

By:

  /S/     CRAIG BENTON         Name: Craig Benton         Title: Vice President
THE PURCHASER:     VARIABLE FUNDING CAPITAL COMPANY LLC      

By:

  Wachovia Capital Markets, LLC, as attorney-in-fact      

By:

  /S/    BRYAN P. MCGRATH         Name: Bryan P. McGrath         Title: Vice
President

[Signatures Continued on the Following Page]

Amendment No. 2 to Amended and Restated SSA

--------------------------------------------------------------------------------

THE SWINGLINE PURCHASER:     WACHOVIA BANK, NATIONAL ASSOCIATION      

By:

  /s/ Illegible         Name:         Title:

Amendment No. 2 to Amended and Restated SSA

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Exhibit A

SCHEDULE X

Middle Market Loans and ABS Direct Loans

Weighted Average Spread: 3.70%

Weighted Average Rating Factor (WARF)

 

    3750 to
3625     3624 to
3499     3500 to
3375     3374 to
3250     3249 to
3125     3124 to
3000     2999 to
2875     2874 to
2750     2749 to
2625     2624 to
2500     2499 to
2375     2374 to
2250     2249 to
2125     2124 to
2000     < 2000  

1 to 2

  67 %   67 %   68 %   68 %   68 %   68 %   68 %   68 %   68 %   68 %   68 %  
68 %   68 %   68 %   68 %

3 to 4

  67 %   67 %   68 %   68 %   68 %   68 %   68 %   68 %   68 %   68 %   68 %  
68 %   68 %   68 %   68 %

5 to 6

  67 %   67 %   68 %   68 %   68 %   68 %   68 %   68 %   68 %   68 %   68 %  
68 %   68 %   68 %   68 %

7 to 8

  67 %   67 %   68 %   68 %   68 %   68 %   68 %   68 %   68 %   68 %   68 %  
68 %   68 %   68 %   68 %

9 to 10

  68 %   68 %   68 %   69 %   69 %   70 %   72 %   72 %   73 %   74 %   76 %  
78 %   78 %   80 %   80 %

11 to 12

  68 %   68 %   69 %   71 %   72 %   72 %   73 %   74 %   76 %   77 %   78 %  
79 %   80 %   81 %   81 %

13 to 14

  70 %   70 %   71 %   72 %   73 %   74 %   75 %   76 %   77 %   78 %   79 %  
80 %   81 %   82 %   82 %

15 to 16

  71 %   71 %   72 %   73 %   74 %   75 %   76 %   77 %   78 %   79 %   80 %  
81 %   82 %   82 %   82 %

17 to 18

  72 %   72 %   73 %   74 %   75 %   76 %   77 %   78 %   79 %   80 %   81 %  
82 %   82 %   83 %   83 %

19 to 20

  73 %   73 %   74 %   75 %   76 %   77 %   78 %   79 %   80 %   80 %   81 %  
82 %   83 %   84 %   84 %

21 to 22

  74 %   74 %   75 %   76 %   77 %   78 %   79 %   79 %   80 %   81 %   82 %  
83 %   83 %   84 %   84 %

23 to 24

  74 %   74 %   75 %   76 %   77 %   78 %   79 %   80 %   81 %   81 %   82 %  
83 %   84 %   84 %   84 %

25 to 26

  75 %   75 %   76 %   77 %   78 %   79 %   79 %   80 %   81 %   81 %   82 %  
83 %   84 %   85 %   85 %

27 to 28

  76 %   76 %   77 %   78 %   79 %   79 %   80 %   80 %   82 %   82 %   83 %  
83 %   84 %   85 %   85 %

29 to 30

  76 %   76 %   77 %   78 %   79 %   79 %   80 %   81 %   82 %   82 %   83 %  
84 %   84 %   85 %   85 %

31 to 32

  76 %   76 %   77 %   78 %   79 %   80 %   80 %   81 %   82 %   82 %   83 %  
84 %   85 %   85 %   85 %

33 to 34

  77 %   77 %   78 %   78 %   79 %   80 %   81 %   81 %   82 %   82 %   83 %  
84 %   85 %   85 %   85 %

35 to 36

  77 %   77 %   78 %   79 %   79 %   80 %   81 %   81 %   82 %   82 %   83 %  
84 %   85 %   86 %   86 %

37 to 38

  77 %   77 %   78 %   79 %   80 %   80 %   81 %   82 %   82 %   83 %   84 %  
85 %   85 %   86 %   86 %

39 to 40

  78 %   78 %   78 %   79 %   80 %   80 %   81 %   82 %   83 %   83 %   84 %  
85 %   85 %   87 %   87 %

> 40

  78 %   78 %   78 %   79 %   80 %   80 %   81 %   82 %   83 %   83 %   84 %  
85 %   85 %   87 %   87 %

Amendment No. 2 to Amended and Restated SSA

--------------------------------------------------------------------------------

Weighted Average Spread: 4.00%

Weighted Average Rating Factor (WARF)

 

    3750 to
3625     3624 to
3499     3500 to
3375     3374 to
3250     3249 to
3125     3124 to
3000     2999 to
2875    

2874 to

2750

    2749 to
2625     2624 to
2500     2499 to
2375     2374 to
2250     2249 to
2125     2124 to
2000     < 2000  

1 to 2

  68 %   68 %   69 %   69 %   69 %   69 %   69 %   69 %   69 %   69 %   69 %  
69 %   69 %   69 %   69 %

3 to 4

  68 %   68 %   69 %   69 %   69 %   69 %   69 %   69 %   69 %   69 %   69 %  
69 %   69 %   69 %   69 %

5 to 6

  68 %   68 %   69 %   69 %   69 %   69 %   69 %   69 %   69 %   69 %   69 %  
69 %   69 %   69 %   69 %

7 to 8

  68 %   68 %   69 %   69 %   69 %   69 %   69 %   69 %   69 %   69 %   69 %  
69 %   69 %   69 %   69 %

9 to 10

  69 %   69 %   69 %   70 %   70 %   71 %   73 %   73 %   74 %   75 %   77 %  
79 %   79 %   81 %   81 %

11 to 12

  69 %   69 %   70 %   72 %   73 %   73 %   74 %   75 %   77 %   78 %   79 %  
80 %   81 %   82 %   82 %

13 to 14

  71 %   71 %   72 %   73 %   74 %   75 %   76 %   77 %   78 %   79 %   80 %  
81 %   82 %   83 %   83 %

15 to 16

  72 %   72 %   73 %   74 %   75 %   76 %   77 %   78 %   79 %   80 %   81 %  
82 %   83 %   83 %   83 %

17 to 18

  73 %   73 %   74 %   75 %   76 %   77 %   78 %   79 %   80 %   81 %   82 %  
83 %   83 %   84 %   84 %

19 to 20

  74 %   74 %   75 %   76 %   77 %   78 %   79 %   80 %   81 %   81 %   82 %  
83 %   84 %   85 %   85 %

21 to 22

  75 %   75 %   76 %   77 %   78 %   79 %   80 %   80 %   81 %   82 %   83 %  
84 %   84 %   85 %   85 %

23 to 24

  75 %   75 %   76 %   77 %   78 %   79 %   80 %   81 %   82 %   82 %   83 %  
84 %   85 %   85 %   85 %

25 to 26

  76 %   76 %   77 %   78 %   79 %   80 %   80 %   81 %   82 %   82 %   83 %  
84 %   85 %   86 %   86 %

27 to 28

  77 %   77 %   78 %   79 %   80 %   80 %   81 %   81 %   83 %   83 %   84 %  
84 %   85 %   86 %   86 %

29 to 30

  77 %   77 %   78 %   79 %   80 %   80 %   81 %   82 %   83 %   83 %   84 %  
85 %   85 %   86 %   86 %

31 to 32

  77 %   77 %   78 %   79 %   80 %   81 %   81 %   82 %   83 %   83 %   84 %  
85 %   86 %   86 %   86 %

33 to 34

  78 %   78 %   79 %   79 %   80 %   81 %   82 %   82 %   83 %   83 %   84 %  
85 %   86 %   86 %   86 %

35 to 36

  78 %   78 %   79 %   80 %   80 %   81 %   82 %   82 %   83 %   83 %   84 %  
85 %   86 %   87 %   87 %

37 to 38

  78 %   78 %   79 %   80 %   81 %   81 %   82 %   83 %   83 %   84 %   85 %  
86 %   86 %   87 %   87 %

39 to 40

  79 %   79 %   79 %   80 %   81 %   81 %   82 %   83 %   84 %   84 %   85 %  
86 %   86 %   88 %   88 %

> 40

  79 %   79 %   79 %   80 %   81 %   81 %   82 %   83 %   84 %   84 %   85 %  
86 %   86 %   88 %   88 %

Amendment No. 2 to Amended and Restated SSA

--------------------------------------------------------------------------------

Weighted Average Spread: 4.25%

Weighted Average Rating Factor (WARF)

 

    3750 to
3625     3624 to
3499     3500 to
3375     3374 to
3250     3249 to
3125     3124 to
3000     2999 to
2875     2874 to
2750     2749 to
2625     2624 to
2500     2499 to
2375     2374 to
2250     2249 to
2125     2124 to
2000     < 2000  

1 to 2

  69 %   69 %   70 %   70 %   70 %   70 %   70 %   70 %   70 %   70 %   70 %  
70 %   70 %   70 %   70 %

3 to 4

  69 %   69 %   70 %   70 %   70 %   70 %   70 %   70 %   70 %   70 %   70 %  
70 %   70 %   70 %   70 %

5 to 6

  69 %   69 %   70 %   70 %   70 %   70 %   70 %   70 %   70 %   70 %   70 %  
70 %   70 %   70 %   70 %

7 to 8

  69 %   69 %   70 %   70 %   70 %   70 %   70 %   70 %   70 %   70 %   70 %  
70 %   70 %   70 %   70 %

9 to 10

  70 %   70 %   70 %   71 %   71 %   72 %   74 %   74 %   75 %   76 %   78 %  
80 %   80 %   82 %   82 %

11 to 12

  70 %   70 %   71 %   73 %   74 %   74 %   75 %   76 %   78 %   79 %   80 %  
81 %   82 %   83 %   83 %

13 to 14

  72 %   72 %   73 %   74 %   75 %   76 %   77 %   78 %   79 %   80 %   81 %  
82 %   83 %   84 %   84 %

15 to 16

  73 %   73 %   74 %   75 %   76 %   77 %   78 %   79 %   80 %   81 %   82 %  
83 %   84 %   84 %   84 %

17 to 18

  74 %   74 %   75 %   76 %   77 %   78 %   79 %   80 %   81 %   82 %   83 %  
84 %   84 %   85 %   85 %

19 to 20

  75 %   75 %   76 %   77 %   78 %   79 %   80 %   81 %   82 %   82 %   83 %  
84 %   85 %   86 %   86 %

21 to 22

  76 %   76 %   77 %   78 %   79 %   80 %   81 %   81 %   82 %   83 %   84 %  
85 %   85 %   86 %   86 %

23 to 24

  76 %   76 %   77 %   78 %   79 %   80 %   81 %   82 %   83 %   83 %   84 %  
85 %   86 %   86 %   86 %

25 to 26

  77 %   77 %   78 %   79 %   80 %   81 %   81 %   82 %   83 %   83 %   84 %  
85 %   86 %   87 %   87 %

27 to 28

  78 %   78 %   79 %   80 %   81 %   81 %   82 %   82 %   84 %   84 %   85 %  
85 %   86 %   87 %   87 %

29 to 30

  78 %   78 %   79 %   80 %   81 %   81 %   82 %   83 %   84 %   84 %   85 %  
86 %   86 %   87 %   87 %

31 to 32

  78 %   78 %   79 %   80 %   81 %   82 %   82 %   83 %   84 %   84 %   85 %  
86 %   87 %   87 %   87 %

33 to 34

  79 %   79 %   80 %   80 %   81 %   82 %   83 %   83 %   84 %   84 %   85 %  
86 %   87 %   87 %   87 %

35 to 36

  79 %   79 %   80 %   81 %   81 %   82 %   83 %   83 %   84 %   84 %   85 %  
86 %   87 %   88 %   88 %

37 to 38

  79 %   79 %   80 %   81 %   82 %   82 %   83 %   84 %   84 %   85 %   86 %  
87 %   87 %   88 %   88 %

39 to 40

  80 %   80 %   80 %   81 %   82 %   82 %   83 %   84 %   85 %   85 %   86 %  
87 %   87 %   89 %   89 %

> 40

  80 %   80 %   80 %   81 %   82 %   82 %   83 %   84 %   85 %   85 %   86 %  
87 %   87 %   89 %   89 %

Amendment No. 2 to Amended and Restated SSA

--------------------------------------------------------------------------------

Weighted Average Spread: 4.50%

Weighted Average Rating Factor (WARF)

 

    3750 to
3625     3624 to
3499     3500 to
3375     3374 to
3250     3249 to
3125     3124 to
3000     2999 to
2875     2874 to
2750     2749 to
2625     2624 to
2500     2499 to
2375     2374 to
2250     2249 to
2125     2124 to
2000     < 2000  

1 to 2

  70 %   70 %   71 %   71 %   71 %   71 %   71 %   71 %   71 %   71 %   71 %  
71 %   71 %   71 %   71 %

3 to 4

  70 %   70 %   71 %   71 %   71 %   71 %   71 %   71 %   71 %   71 %   71 %  
71 %   71 %   71 %   71 %

5 to 6

  70 %   70 %   71 %   71 %   71 %   71 %   71 %   71 %   71 %   71 %   71 %  
71 %   71 %   71 %   71 %

7 to 8

  70 %   70 %   71 %   71 %   71 %   71 %   71 %   71 %   71 %   71 %   71 %  
71 %   71 %   71 %   71 %

9 to 10

  71 %   71 %   71 %   72 %   72 %   73 %   75 %   75 %   76 %   77 %   79 %  
81 %   81 %   83 %   83 %

11 to 12

  71 %   71 %   72 %   74 %   75 %   75 %   76 %   77 %   79 %   80 %   81 %  
82 %   83 %   84 %   84 %

13 to 14

  73 %   73 %   74 %   75 %   76 %   77 %   78 %   79 %   80 %   81 %   82 %  
83 %   84 %   85 %   85 %

15 to 16

  74 %   74 %   75 %   76 %   77 %   78 %   79 %   80 %   81 %   82 %   83 %  
84 %   85 %   85 %   85 %

17 to 18

  75 %   75 %   76 %   77 %   78 %   79 %   80 %   81 %   82 %   83 %   84 %  
85 %   85 %   86 %   86 %

19 to 20

  76 %   76 %   77 %   78 %   79 %   80 %   81 %   82 %   83 %   83 %   84 %  
85 %   86 %   87 %   87 %

21 to 22

  77 %   77 %   78 %   79 %   80 %   81 %   82 %   82 %   83 %   84 %   85 %  
86 %   86 %   87 %   87 %

23 to 24

  77 %   77 %   78 %   79 %   80 %   81 %   82 %   83 %   84 %   84 %   85 %  
86 %   87 %   87 %   87 %

25 to 26

  78 %   78 %   79 %   80 %   81 %   82 %   82 %   83 %   84 %   84 %   85 %  
86 %   87 %   88 %   88 %

27 to 28

  79 %   79 %   80 %   81 %   82 %   82 %   83 %   83 %   85 %   85 %   86 %  
86 %   87 %   88 %   88 %

29 to 30

  79 %   79 %   80 %   81 %   82 %   82 %   83 %   84 %   85 %   85 %   86 %  
87 %   87 %   88 %   88 %

31 to 32

  79 %   79 %   80 %   81 %   82 %   83 %   83 %   84 %   85 %   85 %   86 %  
87 %   88 %   88 %   88 %

33 to 34

  80 %   80 %   81 %   81 %   82 %   83 %   84 %   84 %   85 %   85 %   86 %  
87 %   88 %   88 %   88 %

35 to 36

  80 %   80 %   81 %   82 %   82 %   83 %   84 %   84 %   85 %   85 %   86 %  
87 %   88 %   89 %   89 %

37 to 38

  80 %   80 %   81 %   82 %   83 %   83 %   84 %   85 %   85 %   86 %   87 %  
88 %   88 %   89 %   89 %

39 to 40

  81 %   81 %   81 %   82 %   83 %   83 %   84 %   85 %   86 %   86 %   87 %  
88 %   88 %   90 %   90 %

> 40

  81 %   81 %   81 %   82 %   83 %   83 %   84 %   85 %   86 %   86 %   87 %  
88 %   88 %   90 %   90 %

Amendment No. 2 to Amended and Restated SSA

--------------------------------------------------------------------------------

Weighted Average Spread: 4.75%

Weighted Average Rating Factor (WARF)

 

    3750 to
3625     3624 to
3499    

3500 to

3375

    3374 to
3250     3249 to
3125     3124 to
3000     2999 to
2875     2874 to
2750     2749 to
2625     2624 to
2500     2499 to
2375     2374 to
2250     2249 to
2125     2124 to
2000     < 2000  

1 to 2

  71 %   71 %   72 %   72 %   72 %   72 %   72 %   72 %   72 %   72 %   72 %  
72 %   72 %   72 %   72 %

3 to 4

  71 %   71 %   72 %   72 %   72 %   72 %   72 %   72 %   72 %   72 %   72 %  
72 %   72 %   72 %   72 %

5 to 6

  71 %   71 %   72 %   72 %   72 %   72 %   72 %   72 %   72 %   72 %   72 %  
72 %   72 %   72 %   72 %

7 to 8

  71 %   71 %   72 %   72 %   72 %   72 %   72 %   72 %   72 %   72 %   72 %  
72 %   72 %   72 %   72 %

9 to 10

  72 %   72 %   72 %   73 %   73 %   74 %   76 %   76 %   77 %   78 %   80 %  
82 %   82 %   84 %   84 %

11 to 12

  72 %   72 %   73 %   75 %   76 %   76 %   77 %   78 %   80 %   81 %   82 %  
83 %   84 %   85 %   85 %

13 to 14

  74 %   74 %   75 %   76 %   77 %   78 %   79 %   80 %   81 %   82 %   83 %  
84 %   85 %   86 %   86 %

15 to 16

  75 %   75 %   76 %   77 %   78 %   79 %   80 %   81 %   82 %   83 %   84 %  
85 %   86 %   86 %   86 %

17 to 18

  76 %   76 %   77 %   78 %   79 %   80 %   81 %   82 %   83 %   84 %   85 %  
86 %   86 %   87 %   87 %

19 to 20

  77 %   77 %   78 %   79 %   80 %   81 %   82 %   83 %   84 %   84 %   85 %  
86 %   87 %   88 %   88 %

21 to 22

  78 %   78 %   79 %   80 %   81 %   82 %   83 %   83 %   84 %   85 %   86 %  
87 %   87 %   88 %   88 %

23 to 24

  78 %   78 %   79 %   80 %   81 %   82 %   83 %   84 %   85 %   85 %   86 %  
87 %   88 %   88 %   88 %

25 to 26

  79 %   79 %   80 %   81 %   82 %   83 %   83 %   84 %   85 %   85 %   86 %  
87 %   88 %   89 %   89 %

27 to 28

  80 %   80 %   81 %   82 %   83 %   83 %   84 %   84 %   86 %   86 %   87 %  
87 %   88 %   89 %   89 %

29 to 30

  80 %   80 %   81 %   82 %   83 %   83 %   84 %   85 %   86 %   86 %   87 %  
88 %   88 %   89 %   89 %

31 to 32

  80 %   80 %   81 %   82 %   83 %   84 %   84 %   85 %   86 %   86 %   87 %  
88 %   89 %   89 %   89 %

33 to 34

  81 %   81 %   82 %   82 %   83 %   84 %   85 %   85 %   86 %   86 %   87 %  
88 %   89 %   89 %   89 %

35 to 36

  81 %   81 %   82 %   83 %   83 %   84 %   85 %   85 %   86 %   86 %   87 %  
88 %   89 %   90 %   90 %

37 to 38

  81 %   81 %   82 %   83 %   84 %   84 %   85 %   86 %   86 %   87 %   88 %  
89 %   89 %   90 %   90 %

39 to 40

  82 %   82 %   82 %   83 %   84 %   84 %   85 %   86 %   87 %   87 %   88 %  
89 %   89 %   91 %   91 %

> 40

  82 %   82 %   82 %   83 %   84 %   84 %   85 %   86 %   87 %   87 %   88 %  
89 %   89 %   91 %   91 %

Amendment No. 2 to Amended and Restated SSA

--------------------------------------------------------------------------------

Weighted Average Spread: 5.00%

Weighted Average Rating Factor (WARF)

 

    3750 to
3625     3624 to
3499     3500 to
3375     3374 to
3250     3249 to
3125     3124 to
3000     2999 to
2875     2874 to
2750     2749 to
2625     2624 to
2500     2499 to
2375     2374 to
2250     2249 to
2125     2124 to
2000     <
2000  

1 to 2

  72 %   72 %   73 %   73 %   73 %   73 %   73 %   73 %   73 %   73 %   73 %  
73 %   73 %   73 %   73 %

3 to 4

  72 %   72 %   73 %   73 %   73 %   73 %   73 %   73 %   73 %   73 %   73 %  
73 %   73 %   73 %   73 %

5 to 6

  72 %   72 %   73 %   73 %   73 %   73 %   73 %   73 %   73 %   73 %   73 %  
73 %   73 %   73 %   73 %

7 to 8

  72 %   72 %   73 %   73 %   73 %   73 %   73 %   73 %   73 %   73 %   73 %  
73 %   73 %   73 %   73 %

9 to 10

  73 %   73 %   73 %   74 %   74 %   75 %   77 %   77 %   78 %   79 %   81 %  
83 %   83 %   85 %   85 %

11 to 12

  73 %   73 %   74 %   76 %   77 %   77 %   78 %   79 %   81 %   82 %   83 %  
84 %   85 %   86 %   86 %

13 to 14

  75 %   75 %   76 %   77 %   78 %   79 %   80 %   81 %   82 %   83 %   84 %  
85 %   86 %   87 %   87 %

15 to 16

  76 %   76 %   77 %   78 %   79 %   80 %   81 %   82 %   83 %   84 %   85 %  
86 %   87 %   87 %   87 %

17 to 18

  77 %   77 %   78 %   79 %   80 %   81 %   82 %   83 %   84 %   85 %   86 %  
87 %   87 %   88 %   88 %

19 to 20

  78 %   78 %   79 %   80 %   81 %   82 %   83 %   84 %   85 %   85 %   86 %  
87 %   88 %   89 %   89 %

21 to 22

  79 %   79 %   80 %   81 %   82 %   83 %   84 %   84 %   85 %   86 %   87 %  
88 %   88 %   89 %   89 %

23 to 24

  79 %   79 %   80 %   81 %   82 %   83 %   84 %   85 %   86 %   86 %   87 %  
88 %   89 %   89 %   89 %

25 to 26

  80 %   80 %   81 %   82 %   83 %   84 %   84 %   85 %   86 %   86 %   87 %  
88 %   89 %   90 %   90 %

27 to 28

  81 %   81 %   82 %   83 %   84 %   84 %   85 %   85 %   87 %   87 %   88 %  
88 %   89 %   90 %   90 %

29 to 30

  81 %   81 %   82 %   83 %   84 %   84 %   85 %   86 %   87 %   87 %   88 %  
89 %   89 %   90 %   90 %

31 to 32

  81 %   81 %   82 %   83 %   84 %   85 %   85 %   86 %   87 %   87 %   88 %  
89 %   90 %   90 %   90 %

33 to 34

  82 %   82 %   83 %   83 %   84 %   85 %   86 %   86 %   87 %   87 %   88 %  
89 %   90 %   90 %   90 %

35 to 36

  82 %   82 %   83 %   84 %   84 %   85 %   86 %   86 %   87 %   87 %   88 %  
89 %   90 %   91 %   91 %

37 to 38

  82 %   82 %   83 %   84 %   85 %   85 %   86 %   87 %   87 %   88 %   89 %  
90 %   90 %   91 %   91 %

39 to 40

  83 %   83 %   83 %   84 %   85 %   85 %   86 %   87 %   88 %   88 %   89 %  
90 %   90 %   92 %   92 %

> 40

  83 %   83 %   83 %   84 %   85 %   85 %   86 %   87 %   88 %   88 %   89 %  
90 %   90 %   92 %   92 %