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| CHARMING SHOPPES RECEIVABLES      CORP.,                                                             |
|------------------------------------------------------------------------------------------------------|
| Seller                                                                                               |
|                                                                                                 |
|                                                                                                 |
| By:__________________________________________                                                        |
| Name:                                                                                                |
| Title:                                                                                               |
|                                                                                                 |
|                                                                                                 |
| SPIRIT OF AMERICA,      INC.                                                                         |
| Servicer                                                                                             |
|                                                                                                 |
|                                                                                                 |
| By:__________________________________________                                                        |
| Name:                                                                                                |
| Title:                                                                                               |
|                                                                                                 |
|                                                                                                 |
| U.S. BANK NATIONAL      ASSOCIATION,                                                                 |
| not      in its individual capacity but solely as the Trustee for CHARMING SHOPPES      MASTER TRUST |
|                                                                                                 |
|                                                                                                 |
| By:__________________________________________                                                        |
| Name:                                                                                                |
| Title:                                                                                               |

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| Acknowledged      and Agreed to as of the date first written above: |
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|                                                                |
| BARCLAYS BANK PLC, as      Administrator                            |
|                                                                |
|                                                                |
| By:__________________________________________                       |
| Name:                                                               |
| Title:                                                              |

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