##### 



Exhibit 10.2
 
 SECOND AMENDED AND RESTATED
SALE AND SERVICING AGREEMENT
  CAPITALSOURCE REAL ESTATE LOAN LLC, 2007-A,  as the Seller
 CSE MORTGAGE LLC,  as the Originator and as the Servicer
 EACH OF THE ISSUERS
FROM TIME TO TIME PARTY HERETO,
 EACH OF THE LIQUIDITY BANKS
FROM TIME TO TIME PARTY HERETO
 CITICORP NORTH AMERICA, INC.,  as the Administrative Agent
  WELLS FARGO BANK, NATIONAL ASSOCIATION,  as the Backup Servicer and as the Collateral Custodian




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##### 



TABLE OF CONTENTS
 PageARTICLE I DEFINITION
    
    
    2Section 1.1 Certain Defined Terms
    
    
    2Section 1.2 Other Terms
    
    
    55Section 1.3 Computation of Time Periods
    
    
    55Section 1.4 Interpretation
    
    
    55Section 1.5 Special Provisions Relating to Alternative Currency Loans
    
    
    56ARTICLE II PURCHASE OF THE VARIABLE FUNDING CERTIFICATES
    
    
    56Section 2.1 The Variable Funding Certificates
    
    
    56Section 2.2 [Intentionally Omitted]
    
    
    58Section 2.3 Procedures for Advances
    
    
    58Section 2.4 Reduction of the Facility Amount; Mandatory and Optional Repayments;
Increase of Commitment
    
    
    60Section 2.5 Determination of Interest
    
    
    61Section 2.6 Percentage Evidenced by each Variable Funding Certificate
    
    
    61Section 2.7 [Reserved]
    
    
    62Section 2.8 Notations on Variable Funding Certificates
    
    
    62Section 2.9 Settlement Procedures During the Revolving Period and the Amortization
Period
    
    
    62Section 2.10 Settlement Procedures During the Turbo Period
    
    
    63Section 2.11 Collections and Allocations
    
    
    65Section 2.12 Payments, Computations, Etc.
    
    
    65Section 2.13 Mandatory Repurchase
    
    
    66Section 2.14 Fees
    
    
    66Section 2.15 Increased Costs; Capital Adequacy; Illegality
    
    
    67Section 2.16 Taxes
    
    
    69Section 2.17 Assignment of the Sale Agreement
    
    
    70Section 2.18 Substitution of Assets
    
    
    70Section 2.19 Optional Sales
    
    
    71Section 2.20 Discretionary Sales
    
    
    73Section 2.21 FDIC Sales
    
    
    75ARTICLE III CONDITIONS TO ADVANCES
    
    
    76Section 3.1 Conditions to Closing and Initial Advance
    
    
    76Section 3.2 Conditions Precedent to All Advances
    
    
    77Section 3.3 Conditions to Closing and Initial Advance under the Class B VFC
    
    
    79Section 3.4 Conditions to the Second Amendment and Restatement Effective Date
    
    
    80
 i




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##### 



TABLE OF CONTENTS
 PageARTICLE IV REPRESENTATIONS AND WARRANTIES
    
    
    81Section 4.1 Representations and Warranties of the Seller
    
    
    81Section 4.2 Representations and Warranties of the Seller Relating to the Agreement
and the Collateral
    
    
    91Section 4.3 Representations and Warranties of the Servicer
    
    
    92Section 4.4 Representations and Warranties of the Backup Servicer
    
    
    95Section 4.5 Representations and Warranties of the Collateral Custodian
    
    
    96Section 4.6 Breach of Certain Representations and Warranties
    
    
    96ARTICLE V GENERAL COVENANTS
    
    
    97Section 5.1 Affirmative Covenants of the Seller
    
    
    97Section 5.2 Negative Covenants of the Seller
    
    
    101Section 5.3 Covenants of the Seller Relating to the Hedging of Assets
    
    
    103Section 5.4 Affirmative Covenants of the Servicer
    
    
    104Section 5.5 Negative Covenants of the Servicer
    
    
    107Section 5.6 Affirmative Covenants of the Backup Servicer
    
    
    108Section 5.7 Negative Covenants of the Backup Servicer
    
    
    108Section 5.8 Affirmative Covenants of the Collateral Custodian
    
    
    108Section 5.9 Negative Covenants of the Collateral Custodian
    
    
    109Section 5.10 Covenant of the Seller, the Servicer and the Originator
    
    
    109ARTICLE VI ADMINISTRATION AND SERVICING OF ASSETS
    
    
    110Section 6.1 Designation of the Servicer
    
    
    110Section 6.2 Duties of the Servicer
    
    
    110Section 6.3 Authorization of the Servicer
    
    
    113Section 6.4 Collection of Payments
    
    
    114Section 6.5 Servicer Advances
    
    
    116Section 6.6 Realization Upon Charged-Off Assets
    
    
    116Section 6.7 Maintenance of Insurance Policies
    
    
    116Section 6.8 Servicing Compensation
    
    
    117Section 6.9 Payment of Certain Expenses by Servicer
    
    
    117Section 6.10 Reports
    
    
    117Section 6.11 Annual Statement as to Compliance
    
    
    118Section 6.12 Annual Independent Public Accountants Servicing Reports
    
    
    118Section 6.13 Limitation on Liability of the Servicer and Others
    
    
    119Section 6.14 The Servicer Not to Resign
    
    
    119Section 6.15 Servicer Defaults
    
    
    119Section 6.16 Appointment of Successor Servicer
    
    
    121ARTICLE VII THE BACKUP SERVICER
    
    
    123Section 7.1 Designation of the Backup Servicer
    
    
    123Section 7.2 Duties of the Backup Servicer
    
    
    123
 ii




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##### 



TABLE OF CONTENTS
 PageSection 7.3 Merger or Consolidation
    
    
    125Section 7.4 Backup Servicing Compensation
    
    
    125Section 7.5 Backup Servicer Removal
    
    
    125Section 7.6 Limitation on Liability
    
    
    125Section 7.7 The Backup Servicer Not to Resign
    
    
    126ARTICLE VIII THE COLLATERAL CUSTODIAN
    
    
    127Section 8.1 Designation of Collateral Custodian
    
    
    127Section 8.2 Duties of Collateral Custodian
    
    
    127Section 8.3 Merger or Consolidation
    
    
    129Section 8.4 Collateral Custodian Compensation
    
    
    129Section 8.5 Collateral Custodian Removal
    
    
    129Section 8.6 Limitation on Liability
    
    
    129Section 8.7 The Collateral Custodian Not to Resign
    
    
    130Section 8.8 Release of Documents
    
    
    130Section 8.9 Return of Required Asset Documents
    
    
    131Section 8.10 Access to Certain Documentation and Information Regarding the
Collateral; Audits
    
    
    132Section 8.11 Intentionally Omitted
    
    
    132ARTICLE IX SECURITY INTEREST
    
    
    132Section 9.1 Grant of Security Interest
    
    
    132Section 9.2 Release of Lien on Collateral
    
    
    133Section 9.3 Further Assurances
    
    
    133Section 9.4 Remedies
    
    
    133Section 9.5 Waiver of Certain Laws
    
    
    134Section 9.6 Power of Attorney
    
    
    134ARTICLE X TERMINATION EVENTS
    
    
    134Section 10.1 Termination Events
    
    
    134Section 10.2 Remedies
    
    
    137ARTICLE XI INDEMNIFICATION
    
    
    138Section 11.1 Indemnities by the Seller
    
    
    138Section 11.2 Indemnities by the Servicer
    
    
    141Section 11.3 After-Tax Basis
    
    
    142ARTICLE XII THE ADMINISTRATIVE AGENT
    
    
    142Section 12.1 The Administrative Agent
    
    
    142ARTICLE XIII MISCELLANEOUS
    
    
    146Section 13.1 Amendments and Waivers
    
    
    146Section 13.2 Notices, Etc.
    
    
    146Section 13.3 Ratable Payments
    
    
    146Section 13.4 No Waiver; Remedies
    
    
    147
 iii




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##### 



TABLE OF CONTENTS
 PageSection 13.5 Binding Effect; Benefit of Agreement
    
    
    147Section 13.6 Term of this Agreement
    
    
    147Section 13.7 Governing Law; Consent to Jurisdiction; Waiver of Objection to Venue
    
    
    147Section 13.8 Waiver of Jury Trial
    
    
    148Section 13.9 Costs, Expenses and Taxes
    
    
    148Section 13.10 No Proceedings
    
    
    149Section 13.11 Recourse Against Certain Parties
    
    
    149Section 13.12 Protection of Right, Title and Interest in the Collateral; Further
Action Evidencing Advances
    
    
    150Section 13.13 Confidentiality
    
    
    151Section 13.14 Execution in Counterparts; Severability; Integration
    
    
    153Section 13.15 Waiver of Set-off
    
    
    153Section 13.16 Assignments
    
    
    153Section 13.17 Heading and Exhibits
    
    
    156Section 13.18 Loans Subject to Retained Interest Provisions
    
    
    156Section 13.19 Tax Treatment of Advances
    
    
    156Section 13.20 Acknowledgement
    
    
    157
 EXHIBITS
 EXHIBIT A-1
    
    Form of Borrowing Notice (Advances)EXHIBIT A-2
    
    Form of Borrowing Notice (Reduction of Advances Outstanding and Facility Amount)EXHIBIT A-3
    
    Form of Borrowing Base CertificateEXHIBIT B-1
    
    Form of Class A Variable Funding CertificateEXHIBIT B-2
    
    Form of Class B Variable Funding CertificateEXHIBIT C
    
    Form of Monthly ReportEXHIBIT D
    
    Form of Hedging Agreement (including Schedule and Confirmation)EXHIBIT E-1
    
    Form of Officers Certificate to Solvency (CapitalSource Real Estate Loan LLC, 2007-A)EXHIBIT E-2
    
    Form of Officers Certificate to Solvency (CSE Mortgage LLC)EXHIBIT F-1
    
    Form of Officers Closing Certificate (CapitalSource Real Estate Loan LLC, 2007-A)EXHIBIT F-2
    
    Form of Officers Closing Certificate (CSE Mortgage LLC)EXHIBIT G-1
    
    Form of Power of Attorney (CapitalSource Real Estate Loan LLC, 2007-A)EXHIBIT G-2
    
    Form of Power of Attorney (CSE Mortgage LLC)EXHIBIT H
    
    Form of Release of Required Asset DocumentsEXHIBIT I
    
    Form of Assignment of MortgageEXHIBIT J
    
    Form of Servicers CertificateEXHIBIT K
    
    Intentionally OmittedEXHIBIT L
    
    Form of Certificate of Outside CounselEXHIBIT M
    
    Form of Assignment and Acceptance
 iv




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##### 



TABLE OF CONTENTS
 Page
 EXHIBIT N
    
    Form of Parent Undertaking  OriginatorEXHIBIT O
    
    Form of Parent Undertaking  Servicer
 SCHEDULES
 SCHEDULE I
    
    Condition Precedent DocumentsSCHEDULE I-A
    
    Condition Precedent Documents to Restatement DateSCHEDULE I-B
    
    Condition Precedent Documents to Second Amendment and
Restatement Effective DateSCHEDULE II
    
    List of Lock-Box Banks and Lock-Box AccountsSCHEDULE III
    
    Location of Required Asset Documents and Asset FilesSCHEDULE IV
    
    Asset ListSCHEDULE V
    
    Residential Mortgage Policies and ProceduresSCHEDULE VI
    
    InvestorsSCHEDULE VII
    
    Intentionally OmittedSCHEDULE VIII
    
    Excess Concentration LoansSCHEDULE IX
    
    Exempt Facilities
 v




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##### 



SECOND AMENDED AND RESTATED  SALE AND SERVICING AGREEMENT
 THIS SECOND AMENDED AND RESTATED SALE AND SERVICING AGREEMENT Agreement
 CAPITALSOURCE REAL ESTATE LOAN LLC, 2007-A Seller
 CSE MORTGAGE LLC CSE Mortgage Originator Servicer
 EACH OF THE ISSUERS FROM TIME TO TIME PARTY HERETO Issuer
 EACH OF THE LIQUIDITY BANKS FROM TIME TO TIME PARTY HERETO Liquidity Bank
 CITICORP NORTH AMERICA, INC., CNAI ARTICLE XII Administrative
Agent
 WELLS FARGO BANK, NATIONAL ASSOCIATION Wells Fargo Backup
Servicer Collateral Custodian
 RECITALS
 WHEREAS
 WHEREAS
 WHEREAS
 WHEREAS




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##### 



WHEREAS AMEND AND
RESTATE
 NOW, THEREFORE,
 ARTICLE I
 DEFINITION
 Section 1.1 Certain Defined Terms
 Section 1.1
 1940 Act
 Accrual Period
 Acquired Loan provided
 Addition Date
 Additional Assets
 2




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##### 



Adjusted Eurodollar Rate per annum minus
 Administrative Agent Preamble
 Advance
 Advance Rate
 Advances Outstanding
 Affected Party
 Affiliate
 Agents Account
 Agented Loans
 3




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##### 



pro rata
 Aggregate Notional Amount
 Aggregate Outstanding Asset Balance
 Aggregate Outstanding Principal Balance plus
 Aggregate Unpaids Article XI Section 2.9 Section 2.10 Section 2.14 Section 2.15 Section 2.16
 Alternative Currency
 Alternative Rate per annum provided
 Amortization Period
 Applicable Law
 4




---



##### 



Appraisal
 Appraisal Institute
 Asset Checklist
 Asset Files
 Asset List Schedule IV
 Assets
 Assignment and Acceptance
 Assignment of Leases and Rents
 Assignment of Mortgage Exhibit I
 5




---



##### 



Available Collections Amount
 Available Collections Shortfall
 Availability
 Available Funds
 Average Pool Charged-Off Ratio
 Average Portfolio Charged-Off Ratio provided
 Average Portfolio Delinquency Ratio provided
 6




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##### 



Backup Servicer Section 7.3 Section 7.5
 Backup Servicer and Collateral Custodian Fee Letter
 Backup Servicer Fee Rate per annum
 Backup Servicer Termination Notice Section 7.5
 Backup Servicing Fee
 Banded Floating Rate Loan
 Bankruptcy Code et seq
 Base Rate per annum plus
 Benefit Plan Section 3(3) Section 3(5)
 B-Note Loan
 Borrowing Base minus
 7




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##### 



Borrowing Base Certificate Exhibit A-3
 Borrowing Notice Exhibit A-1 A-2
 Breakage Costs
 British Pound Sterling
 Business Day
 CAFCO
 Canadian Dollars
 Capital Stock
 CD Rate
 Change-in-Control
  8




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##### 



Charged-Off Asset
 Charged-Off Portfolio Asset
 CIESCO
 Citibank
 Citibank Facilities
 Class
 Class A Advance Section 2.1(b)
 Class A Advance Rate
 9




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##### 



Senior Secured Loan
 Classification
    
    LTV <=65%
    
    LTV <=70%
    
    LTV<=75%
    
    LTV <=80%
    
    LTV <=85%
    
    LTV <=90%Multifamily
    
    80%
    
    80%
    
    80%
    
    75%
    
    65%
    
    55%Retail, Office, 
Industrial, 
Healthcare, Land 
Development, 
Construction 
Properties and 
other
    
    80%
    
    80%
    
    80%
    
    75%
    
    65%
    
    60%Hotel
    
    80%
    
    75%
    
    70%
    
    65%
    
    N/A
    
    N/A
 Sale/Leaseback Loan
 Classification
    
    LTV <=65%
    
    LTV <=70%
    
    LTV<=75%
    
    LTV <=80%
    
    LTV <=85%
    
    LTV <=90%Multifamily
    
    80%
    
    80%
    
    80%
    
    75%
    
    65%
    
    55%Retail, Office, 
Industrial, 
Healthcare, Land 
Development and 
other
    
    80%
    
    80%
    
    80%
    
    75%
    
    60%
    
    50%Hotel
    
    80%
    
    75%
    
    70%
    
    65%
    
    N/A
    
    N/A
 B-Note Loans
 Classification
    
    LTV<=75%
    
    LTV <=80%
    
    LTV <=85%
    
    LTV <=90%Multifamily
    
    60%
    
    60%
    
    60%
    
    50%Retail, Office, 
Industrial, 
Healthcare, Land 
Development and 
other
    
    55%
    
    55%
    
    55%
    
    50%Hotel
    
    60%
    
    55%
    
    N/A
    
    N/A
 Mezzanine Loan
 Classification
    
    LTV <=80%
    
    
    LTV <=85%
    
    
    LTV <=90%Multifamily
    
    
    40
    %
    
    
    40
    %
    
    
    40
    %Retail, Office,Industrial, Healthcare 

and other
    
    
    40
    %
    
    
    40
    %
    
    
    40
    %Hotel
    
    
    50
    %
    
    
    N/A
    
    
    
    N/A
  10




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##### 



Class A Advances Outstanding
 Class A Availability minus
 Class A Collection Date
 Class A Commitment Section 2.4(d)
 Class A Facility Amount provided provided further
 Class A Interest Rate
   provided
 Class A Purchaser Class A Purchasers
 11




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##### 



Class A Total Principal Payable plus minus
 Class A Variable Funding Certificate or Class A VFC Section 2.1(a)
 Class B Advance Section 2.1(d)
 Class B Advance Rate
 Class B Advances Outstanding
 Class B Availability minus
 Class B Commitment provided Section 2.4(d)
 Class B Facility Amount provided provided further
 Class B Interest Rate
 Class B Purchaser
 Class B Variable Funding Certificate or Class B VFC Section 2.1(a)
 Clearing Agency
 12




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##### 



Closing Date
 Code
 Collateral
 Collateral Custodian Section 8.3 Section 8.5
 Collateral Custodian Fee
 Collateral Custodian Termination Notice Section 8.5
 Collection Account Section 6.4(f)
 Collection Date
 Collection Period
 Collections
 Combined Advances Outstanding
 13




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##### 



Combined Commitment Amount plus
 Combined Threshold Amount
 Period
    
    Combined Threshold AmountFrom the Restatement Date until
(but not including) 30 days after
the Fremont Transfer Date
    
    $1,700,000,000 minusthe Combined
Voluntary ReductionsFrom 30 days after the Fremont
Transfer Date until (but not
including) 90 days after the
Fremont Transfer Date
    
    $1,250,000,000 minusthe Combined
Voluntary ReductionsFrom 90 days after the Fremont
Transfer Date until (but not
including) 180 days after the
Fremont Transfer Date
    
    $1,000,000,000 minusthe Combined
Voluntary ReductionsFrom and at all times after 180
days after the Fremont Transfer
Date
    
    $750,000,000 minusthe Combined
Voluntary Reductions
 provided
 Period
    
    Combined Threshold AmountFrom the Restatement Date until
(but not including) 60 days
following the Fremont Failed
Transaction Date
    
    $1,700,000,000 minusthe Combined
Voluntary ReductionsFrom 60 days after the Fremont
Failed Transaction Date until
(but not including) 150 days
following the Fremont Failed
Transaction Date
    
    $1,250,000,000 minusthe Combined
Voluntary ReductionsFrom 150 days after the Fremont
Failed Transaction Date until
(but not including) 240 days
following the Fremont Failed
Transaction Date
    
    $1,000,000,000 minusthe Combined
Voluntary ReductionsFrom and at all times after 240
days after the Fremont Failed
Transaction Date
    
    $750,000,000 minusthe Combined
Voluntary Reductions
 Combined Voluntary Reductions provided, that
 14




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##### 



Commercial Paper Notes
 Commitments
 Commitment Fee
 Confirmation and Undertaking Letter
 Consolidated Funded Indebtedness
 Consolidated Subsidiary
 Consolidated Tangible Net Worth
 Construction Loan
 Construction Properties and
 Continuing Directors
 15




---



##### 



Contractual Obligation
 Corporate Trust Office
 CP Rate per annum per annum provided per annum
 CRC Funding
 Credit and Collection Policy Section 5.1(h) Section 5.4(f)
 CSE LIBOR Rate
 CSE Management Agreement
 CSE Prime Rate provided
 16




---



##### 



Cut-Off Date
 Currency
 Deemed Collection Section 2.4(c)
 Delayed-Draw Term Loan
 Delinquent Asset
 Delinquent Portfolio Asset
 Derivatives
 Determination Date
 Development Properties provided
 DIP Loan
 17




---



##### 



Discretionary Sale Section 2.20
 Discretionary Sale Date
 Discretionary Sale Notice Section 2.20(a)
 Dollar Equivalent
 Dollars $
 Eligible Asset Exhibit L provided provided
    18




---



##### 



provided
   provided
    19




---



##### 



provided
  20




---



##### 



Section 6.4(a)
         21




---



##### 



provided
  provided
         22




---



##### 



23




---



##### 



pro rata
     24




---



##### 



clauses (1) (2)
 provided
  pari
passu
      Leased Property
 25




---



##### 



Eligible Assignee
 26




---



##### 



Eligible Obligor
           Eligible Repurchase Obligations clauses (c)(ii) (c)(iv)
 Eligible Risk Rating
 Environmental Laws
 27




---



##### 



et seq et
seq et seq et seq et seq et
seq et seq et seq
 ERISA
 ERISA Affiliate
 Euro
 Eurocurrency Liabilities
 Eurodollar Disruption Event
 28




---



##### 



Eurodollar Reserve Percentage
 Excepted Person Section 13.13(a)
 Excess Concentration Loan Schedule VIII
 Exchange Act
 Excluded Amounts
 Existing Assets
 Face Amount
 Facility Amount
 FDIC
 FDIC Sale Section 2.21
 FDIC Sale Date Section 2.21
 FDIC Sale Notice Section 2.21(a)
 Federal Funds Rate per annum
 29




---



##### 



Finance Charges
 Financial Sponsor
 Fitch
 Fixed Rate Asset
 Fixed Rate Asset Percentage
 Floating Rate Asset plus
 Floating Prime Rate Permitted Excess Amount
 Fremont Bank Adjustment
 Fremont Closing Date
 Fremont Failed Transaction Date
 30




---



##### 



Fremont Purchase Agreement
 Fremont Transaction
 Fremont Transfer Date
 Funding Date Section 2.3
 GAAP
 Governmental Authority
 H.15
 Hedge Collateral Section 5.3(b)
 Hedge Breakage Costs
 Hedge Counterparty
 31




---



##### 



Hedge Guaranty
 Hedge Transaction Section 5.3(a)
 Hedging Agreement Section 5.3(a) Exhibit
D
 Highest Required Investment Category
 Increased Costs Section 2.15
 Indebtedness clauses (a) (e)
 Indemnified Amounts Section 11.1
 Indemnified Parties Section 11.1
 Independent Director Section 4.1(u)(xxviii)
 32




---



##### 



Industry
 Initial Advance
 Insolvency Event
 Insolvency Laws
 Insolvency Proceeding
 Instrument
 Insurance Policy
 Insurance Proceeds
 Intercreditor Agreement
 Interest
 33




---



##### 



IR x P x
    
    1360
    provided
 Interest Collections
 Interest Rate
 Interests in Real Property
 Investors
 ISDA Definitions
 Issuer
 Issuer Purchase Limit
 Land Development
 Lease
 Leased Property clause 3(f)
 34




---



##### 



LIBOR Rate per annum
 Lien
 Liquid Real Estate Assets
 Liquidation Expenses
 Liquidity Agreement
 35




---



##### 



Liquidity Bank
 Loan
 Loan Register Section 5.4(n)
 Loan-to-Liquidation Value LLV
 Loan-to-Value Ratio LTV plus pari passu
 Lock-Box Schedule II
 Lock-Box Account Schedule II
 Lock-Box Agreement
 36




---



##### 



Lock-Box Bank
 Margin Stock
 Material Adverse Effect
 Material Mortgage Loan provided
 Materials of Environmental Concern
 Maximum Advance Rate
 Maximum Availability
  plus
 minus plus
 minus plus
 Mezzanine Loan
 37




---



##### 



Minimum Equity Amount minus
 Minimum Overcollateralization Amount
 Minimum Pool Yield
 Monthly Report Section 6.10(b)
 Moodys
 Mortgage
 Mortgaged Property
 Multiemployer Plan
 NAICS Code
 Net Proceeds of Capital Stock/Conversion of Debt
 38




---



##### 



NOI minus
 Noteless Loan
 Obligor for example
 Officers Certificate
 Opinion of Counsel
 Optional Sale Section 2.19(a)
 Optional Sale Date Section 2.19(a)
 Original Agreement
 Originator Preamble
 Other Costs Section 13.9(c)
 Outstanding Asset Balance plus
 39




---



##### 



provided provided further provided, further
 Overcollateralization Amount
 Overcollateralization Percentage minus
 Overcollateralization Shortfall minus
 Parent Undertaking  Originator
 Parent Undertaking  Servicer
 Participating Member State
 Participation Loan provided
 40




---



##### 



Payment Date
 Payment Duties Section 8.2(b)
 Permitted Hedge Counterparty Section 5.3(b)
 Permitted Investments
  provided
 41




---



##### 



clause (ii)
     Permitted Liens
 42




---



##### 



Permitted Securitization Transaction
 Person
 Pool Charged-Off Ratio
 Pool Concentration Criteria
  provided
  43




---



##### 



Schedule VIII
 divided by
    clause (1)(f)
 44




---



##### 



Pool Rate
 Pool Yield over
 Pool Yield Applicable Advance Rate
 Portfolio Aggregate Outstanding Asset Balance
 Portfolio Asset provided
 Portfolio Delinquency Ratio provided
 Portfolio Outstanding Asset Balance plus
 45




---



##### 



Prepaid Asset
 Prepayment Amount Section 6.4(b)
 Prepayments Section 6.4(b)
 Prime Rate
 Prime Rate Asset
 Principal Collections
 Principal Collections Account Section 6.4(f)
 Proceeds
 Program Fee
 Program Fee Rate
 Purchaser Purchasers
 Purchaser Affiliate
 46




---



##### 



Purchaser Fee Letter
 Qualified Institution Section 6.4(f)
 Qualified Transferee
 (a)
    
    The Seller, the Administrative Agent or any of their Affiliates; or(b)
    
    any other Person which:
     47




---



##### 



Quarterly Determination Date
 Rating Agency
 Records
 Recoveries
 Register Section 13.16(c)
 Regulation U
 REIT
 Related Property
 Related Security
     48




---



##### 



Replaced Asset Section 2.18(a)
 Reporting Date
 Required Asset Documents provided
 Required Reports Section 6.10(c) Section 6.10(d) Section 6.11 Section 6.12
 Residential Mortgage Policies and Procedures Schedule V
 Responsible Officer
 49




---



##### 



Restatement Date
 Restricted Junior Payment
 Retained Interest clause (A)
 Retransfer Date Section 4.6
 Retransfer Price Section 4.6
 Review Criteria Section 8.2(b)(i)
 Revolving Loan provided
 Revolving Period
 S&P
 50




---



##### 



Sale Agreement
 Sale/Leaseback Loan
 Scheduled Payments
 Second Amendment and Restatement Effective Date
 Secured Party
 Seller Preamble
 Seller Investment over provided however
 Senior Secured ABL Loan pari
passu
 Senior Secured Loan pari passu
 Servicer Section 6.16(a)
 51




---



##### 



Servicer Advance Section 6.5
 Servicer Default Section 6.15
 Servicer Termination Notice Section 6.15
 Servicers Certificate Section 6.10(c)
 Servicing Fee Section 2.14(b)
 Servicing Fee Rate per annum per annum
 Solvent
 SPE Obligor
 Subsidiary provided
 Substitute Asset Section 2.18
 Successor Servicer Section 6.16(a)
 Tape Section 7.2(b)(ii)
 52




---



##### 



Taxes
 Termination Date Section 2.4 Section 10.2(a) 10.2(c) Section 10.2(b)
 Termination Event Section 10.1
 Term Loan
 TNW Test Level minus plus
 Total Principal Payable
 Transaction Section 3.2
 Transaction Documents
 Transition Expenses
 Turbo Period Section 10.2(a) 10.2(c) Section 10.2(b)
 UCC
 53




---



##### 



Underlying Instruments
 Underlying Lessee
 United States
 Unmatured Termination Event
 Unsecured Covenant Floor plus
 Unsecured Credit Facility
 Unsecured TNW Threshold plus
 Variable Funding Certificate or VFC Section 2.1(a)
 Voting Stock
 Warranty Asset provided clauses (1)(c) (1)(d) 1(l)(i) 1(s) clause 1(s) 1(w) 1(x) (1)(y) clauses (2)(e) 2(f) clauses 2(e) 2(f)
 54




---



##### 



clause (3)(i) clauses (viii) (x)
 Warranty Event
 Weighted Average Advance Rate provided that
 Workout Asset
 Zero-Coupon Bond
 Section 1.2 Other Terms
  Section 1.3 Computation of Time Periods
  Section 1.4 Interpretation
      55




---



##### 



Section 1.5 Special Provisions Relating to Alternative Currency Loans
  ARTICLE II
 PURCHASE OF THE VARIABLE FUNDING CERTIFICATES
 Section 2.1 The Variable Funding Certificates
 Class A Variable Funding Certificate Class A VFC Exhibit B-1 Class B Variable
Funding Certificate Class B VFC Variable
Funding Certificate VFC Variable Funding Certificates VFCs
 56




---



##### 



provided
 Class A Advance provided Section
2.1 Section 2.9(a)(1) Section 2.10(a)(1)
  Class B Advance provided
 57




---



##### 



Section 2.1
    Section 2.2 [Intentionally Omitted.]
 Section 2.3 Procedures for Advances
 provided Article III
   58




---



##### 



Article III Section 2.3 Section
2.1(b)
     59




---



##### 



Section 2.4 Reduction of the Facility Amount; Mandatory and Optional Repayments;
Increase of Commitment
 provided provided, further pro rata Section 2.4(a)
 provided first pro rata second third provided however Section 2.10, Section
2.4(b)
  60




---



##### 



Deemed Collection plus Section 2.4(c)
 pro rata
 Section 2.5 Determination of Interest
  Section 2.6 Percentage Evidenced by each Variable Funding Certificate
 Section 2.1(a) Section 2.1(a)
 61




---



##### 



Section 2.7 [Reserved] .
 Section 2.8 Notations on Variable Funding Certificates
  Section 2.9 Settlement Procedures During the Revolving Period and the Amortization
Period
  pro rata
   pro rata
 pro rata
 pro rata
 62




---



##### 



pro rata
 pro rata
 pro rata
 pro rata clause
(11)
   Section 2.10 Settlement Procedures During the Turbo Period
  pro rata
  63




---



##### 



pro rata
 pro rata
 pro rata
 pro rata
 pro rata
 pro
rata
 pro rata clause (1)
 pro rata clause
(11)
 64




---



##### 



Section 2.11 Collections and Allocations
 Collections Section 6.10(b)
 Initial Deposits
 Excluded Amounts
 Investment of Funds Section 2.9 Section 2.10
 Section 2.12 Payments, Computations, Etc
  65




---



##### 



per annum provided
 Section 2.9(a)(11) Section 2.10(a)(11)
 Section 2.3
 Section 2.13 Mandatory Repurchase
 Section 2.10
 Section 2.14 Fees
 Section 2.9(a)(5) Section 2.10(a)(5)
 Servicing Fee Section 2.9(a)(3) Section 2.10(a)(3)
 66




---



##### 



Section 2.9(a)(4) Section 2.10(a)(4)
 Section 2.9(a)(4) Section 2.10(a)(4)
  Section 2.15 Increased Costs; Capital Adequacy; Illegality
   67




---



##### 



clause
(a) (b) Section 2.15
 Section 2.15 Section 2.15
 clause (a)
 Consolidation Event Section 2.15
 68




---



##### 



Section 2.16 Taxes
 Additional Amount
   Section 2.16(d)
  69




---



##### 



Section 2.16
 Section 2.16
 Section 2.17 Assignment of the Sale Agreement
 Article VIII
 Section 2.18 Substitution of Assets
 Section 2.18 Substitute Asset provided
 Replaced Asset
   Section 4.6
 70




---



##### 



Section 4.6
 Section 4.1 Section 4.2
      Section 2.19 Optional Sales
 Optional
Sale
  71




---



##### 



Section 4.1
 plus plus plus plus provided clauses (iii) (iv) (v)
 72




---



##### 



clause (v) clause (iv)
   Section 2.20 Discretionary Sales .
 Discretionary Sale
 Discretionary Sale
 73




---



##### 



Notice
  Section 4.1
 provided clauses (a) (c)
    74




---



##### 



Section 2.21 FDIC Sales .
 FDIC Sale
 FDIC Sale
Notice
    75




---



##### 



Section 4.1
 plus plus provided
   ARTICLE III
 CONDITIONS TO ADVANCES
 Section 3.1 Conditions to Closing and Initial Advance
  76




---



##### 



Schedule I
  Exhibits F-1 F-2
 Exhibits G-1 G-2
 Exhibits E-1 E-2
 Section 3.2 Conditions Precedent to All Advances
 Transaction
 Exhibit A-1 Exhibit A-3 Exhibit A Schedule I Section 2.4(b)
 77




---



##### 



Exhibit
A-2 Exhibit A-3
  Section 4.1 Section
4.2 Section 4.3
     Exhibit L provided
    78




---



##### 



Section 2.3
     Section 3.3 Conditions to Closing and Initial Advance under the Class B VFC
  79




---



##### 



Schedule I-A
  Exhibits F-1 F-2
 Section 3.4 Conditions to the Second Amendment and Restatement Effective Date
  Schedule I-B
  80




---



##### 



Section 4.1 Section
4.2 Section 4.3 Section 4.2(b)
      ARTICLE IV
 REPRESENTATIONS AND WARRANTIES
 Section 4.1 Representations and Warranties of the Seller
  Organization and Good Standing
 Due Qualification
 Power and Authority; Due Authorization; Execution and Delivery
 81




---



##### 



Binding Obligation
 No Violation
 No Proceedings
 All Consents Required
 Bulk Sales
 Solvency Exhibit E-1
 82




---



##### 



Selection Procedures
 Taxes
 Exchange Act Compliance; Regulations T, U and X
 Security Interest
      83




---



##### 



Reports Accurate
 84




---



##### 



Location of Offices Section 13.2 Section 5.2(g)
 Lock-Boxes Schedule II Section 5.2(k)
 Tradenames
 Sale Agreement
 Value Given
 Accounting
 Special Purpose Entity
   85




---



##### 



provided
        86




---



##### 



87




---



##### 



Independent Director provided
   Intentionally Omitted
 Investment Company Act
 ERISA Section 3 Pension Plans
 Compliance with Law
 88




---



##### 



Credit and Collection Policy
 Collections
 Set-Off, etc Section 6.4(a)
 Full Payment
 Accuracy of Representations and Warranties
 Representations and Warranties in Sale Agreement Section 4.1(ee) mutatis mutandis
 Reaffirmation of Representations and Warranties by the Seller Section 4.1
 Participation and Acquired Loans
 89




---



##### 



Environmental
       USA PATRIOT Act
 90




---



##### 



Material Adverse Effect
 Section 4.1(m)
 Section 4.2 Representations and Warranties of the Seller Relating to the Agreement and
the Collateral
 clauses (a) (c) clause (d)
 Binding Obligation, Valid Transfer and Security Interest
  Section
4.1(m)
 Eligibility of Collateral Section 2.3
 91




---



##### 



Section 4.2(a)
 No Fraud
 Material Adverse Effect
 Section 4.3 Representations and Warranties of the Servicer
  Organization and Good Standing
 Due Qualification
 Power and Authority; Due Authorization; Execution and Delivery
 Binding Obligation
 92




---



##### 



No Violation
 No Proceedings
 All Consents Required
 Reports Accurate
 Credit and Collection Policy
 Collections
 Bulk Sales
 Solvency Exhibit E-2
 Taxes
 93




---



##### 



Exchange Act Compliance; Regulations T, U and X
 Security Interest
 ERISA Section 3 Pension Plans Section 4042
 Investment Company Act
 USA PATRIOT Act
 94




---



##### 



Material Adverse Effect
 Section 4.4 Representations and Warranties of the Backup Servicer
  Organization and Corporate Power
 Due Authorization
 No Conflict
 No Violation
 All Consents Required
 Validity, Etc
 95




---



##### 



Section 4.5 Representations and Warranties of the Collateral Custodian
  Organization and Corporate Power
 Due Authorization
 No Conflict
 No Violation
 All Consents Required
 Validity, Etc
 Section 4.6 Breach of Certain Representations and Warranties
 Section
2.9 Section 2.10 Retransfer Price
 96




---



##### 



Section 2.18 Retransfer Date Section 4.6
 ARTICLE V
 GENERAL COVENANTS
 Section 5.1 Affirmative Covenants of the Seller
  Compliance with Laws
 Preservation of Company Existence
 97




---



##### 



Performance and Compliance with Collateral
 Keeping of Records and Books of Account
 Originators Collateral
 Delivery of Collections Section 5.4(k)
 Separate Limited Liability Company Existence Section 4.1(u)
 Credit and Collection Policy
 98




---



##### 



Termination Events
 Taxes
 Use of Proceeds
 Obligor Notification Forms
 Adverse Claims
 Sellers Collateral
 Notices
 99




---



##### 



Income Tax Liability
 Auditors Management Letters
 Representations Section 4.1
 ERISA
 Proceedings provided Section 5.1(o)
 Notice of Material Events
 100




---



##### 



Reporting Requirements
   Other
 Section 5.2 Negative Covenants of the Seller
  Other Business Section 5.3(a)
 Collateral Not to be Evidenced by Instruments
 Security Interests
 101




---



##### 



provided Section 5.2(c)
 Mergers, Acquisitions, Sales, etc
 Deposits to Special Accounts
 Restricted Payments
 Change of Name or Location of Loan Files Section 13.2
 Accounting of Purchases
 ERISA Matters
 102




---



##### 



Operating Agreement; Sale Agreement
 Changes in Payment Instructions to Obligors Schedule II
 Extension or Amendment of Collateral Section 6.4(a) provided Section 6.4(a)
 Credit and Collection Policy
 Other Indebtedness pari passu
 Section 5.3 Covenants of the Seller Relating to the Hedging of Assets
 provided
  103




---



##### 



Section 6.2(c)
 Section 2.9(a)(1) Section
2.10(a)(1)
 Hedge Collateral Section 5.3(a)
 Section 5.4 Affirmative Covenants of the Servicer
  Compliance with Law
 Preservation of Company Existence
 Obligations and Compliance with Collateral
 104




---



##### 



Keeping of Records and Books of Account
    Preservation of Security Interest
 Credit and Collection Policy
 Termination Events
 105




---



##### 



Taxes
 Other
 Proceedings provided Section 5.4(j)
 Deposit of Collections
 Servicing of Participation and Acquired Loans
 Change-in-Control
 Loan Register
 Loan Register Section 5.04(n)
 106




---



##### 



provided
  Section 5.5 Negative Covenants of the Servicer
  Deposits to Special Accounts
 Mergers, Acquisition, Sales, etc
 Section 5.5
    Change of Name or Location of Loan Files Section 13.2
 107




---



##### 



Change in Payment Instructions to Obligors Schedule II
 Extension or Amendment of Assets Section 6.4(a)  provided Section 6.4(a)
 Section 5.6 Affirmative Covenants of the Backup Servicer
  Compliance with Law
 Preservation of Existence
 Section 5.7 Negative Covenants of the Backup Servicer
  No Changes in Backup Servicer Fee
 Section 5.8 Affirmative Covenants of the Collateral Custodian
  Compliance with Law
 108




---



##### 



Preservation of Existence
 Location of Required Asset Documents
 Section 5.9 Negative Covenants of the Collateral Custodian
  Required Asset Documents
 No Changes in Collateral Custodian Fee
 Section 5.10 Covenant of the Seller, the Servicer and the Originator
  109




---



##### 



ARTICLE VI
 ADMINISTRATION AND SERVICING OF ASSETS
 Section 6.1 Designation of the Servicer
 Initial Servicer Section 6.1
 Successor Servicer Section 6.15
 Subcontracts provided
 Servicing Programs
 Section 6.2 Duties of the Servicer
 Appointment Section 6.1
 Duties
 110




---



##### 



Section 2.9 Section 2.10
 Hedge Covenants
  111




---



##### 



clause (i)
 clause (i)
       112




---



##### 



Section 6.3 Authorization of the Servicer
  provided
 113




---



##### 



Section 6.4 Collection of Payments
 Collection Efforts, Modification of Collateral
 Prepaid Asset Section 2.18 over Prepayment Amount plus
 Acceleration
 Taxes and other Amounts
 Payments to Lock-Box Account
 Establishment of the Collection Account
 114




---



##### 



Collection Account Principal Collections Account provided Qualified Institution
 Intentionally Omitted
 Intentionally Omitted
 Adjustments
 Transfer of Collection Account to Citibank Section 6.15(j)
 115




---



##### 



Section 6.5 Servicer Advances
  Section 6.6 Realization Upon Charged-Off Assets
  Section 6.7 Maintenance of Insurance Policies
  116




---



##### 



Section 6.8 Servicing Compensation
 Section 2.9(a)(3) Section 2.10(a)(3)
 Section 6.9 Payment of Certain Expenses by Servicer
 Section 6.6 provided pro rata
 Section 6.10 Reports
 Borrowing Notice Section 2.4(b)
 Monthly Report
 117




---



##### 



Exhibit C Monthly Report
 Servicers Certificate Servicers
Certificate Exhibit J
 Financial Statements
 Tax Returns
 Financial Statements of Obligors
 Other Reports
 Section 6.11 Annual Statement as to Compliance
  Section 6.12 Annual Independent Public Accountants Servicing Reports
  118




---



##### 



Article VI
 Section 6.13 Limitation on Liability of the Servicer and Others
 provided
 Section 6.14 The Servicer Not to Resign
 Section 6.2
 Section 6.15 Servicer Defaults
 Servicer Default
   119




---



##### 



Section 6.4(j)
   Section 6.1
     provided that
 120




---



##### 



Servicer Termination Notice
 Section 6.16 Appointment of Successor Servicer
 Section 6.15 Successor Servicer
 121




---



##### 



Section 6.16(a) provided provided Article IV Section 2.15 Section 2.16(b) Section
2.16(e)
  Section 6.16
 122




---



##### 



Section 6.16(a)
 ARTICLE VII
 THE BACKUP SERVICER
 Section 7.1 Designation of the Backup Servicer
 Initial Backup Servicer Section 7.1
 Successor Backup Servicer Section 7.5
 Section 7.2 Duties of the Backup Servicer
 Appointment
 123




---



##### 



Section 7.1
 Duties Section 7.5
 provided
 Tape
   124




---



##### 



Reliance on Tape Section 7.2(b)
 Section 7.3 Merger or Consolidation
  Section 7.4 Backup Servicing Compensation
 Section 2.9(a)(4) Section 2.10(a)(4) Section 7.5 Section 6.16
 Section 7.5 Backup Servicer Removal
 Backup Servicer Termination Notice
 Section 7.6 Limitation on Liability
  125




---



##### 



Section 7.7 The Backup Servicer Not to Resign
  126




---



##### 



ARTICLE VIII
 THE COLLATERAL CUSTODIAN
 Section 8.1 Designation of Collateral Custodian
 Initial Collateral Custodian Section 8.1
 Successor Collateral Custodian Section 8.5
 Section 8.2 Duties of Collateral Custodian
 Appointment
 Duties Section 8.5
 Section 3.2 Review Criteria
 127




---



##### 



provided provided further
 Schedule III
 Section 2.9 Section 2.10 Payment
Duties
   128




---



##### 



Section 8.3 Merger or Consolidation
  Section 8.4 Collateral Custodian Compensation
 Collateral Custodian Fee Section 2.9(a)(4) Section 2.10(a)(4) Section 8.5
 Section 8.5 Collateral Custodian Removal
 Collateral Custodian Termination
Notice provided
 Section 8.6 Limitation on Liability
    129




---



##### 



Section 8.7 The Collateral Custodian Not to Resign
 clause (i)
 Section 8.8 Release of Documents
 Release for Servicing Exhibit H
 130




---



##### 



Exhibit H
 Limitation on Release
 Release for Payment Exhibit H
 Section 8.9 Return of Required Asset Documents
 Section 2.18 Section 9.2 Section 4.6 Exhibit H
 131




---



##### 



Section 8.10 Access to Certain Documentation and Information Regarding the Collateral;
Audits
 Section 8.10
 Section 8.11 [Intentionally Omitted]
 ARTICLE IX
 SECURITY INTEREST
 Section 9.1 Grant of Security Interest
 Section 13.19 Section 9.1
 132




---



##### 



Section 9.2 Release of Lien on Collateral
 Section 2.18 Section
13.6 provided Section 6.6
 Section 9.3 Further Assurances
 Section 13.12 Section 9.1
 Section 9.4 Remedies
 Section 9.1
 133




---



##### 



Section 9.5 Waiver of Certain Laws
  Section 9.6 Power of Attorney
  ARTICLE X
 TERMINATION EVENTS
 Section 10.1 Termination Events
 Termination Events
   134




---



##### 



provided Section 2.10
        Section 6323
 135




---



##### 



Section 10.1(f) 10.1(g) 10.1(o) 10.1(r) Section 10.1(p)
    136




---



##### 



provided
   Section 10.2 Remedies
 Sections 10.1(a) 10.1(b) 10.1(c) 10.1(d) 10.1(k) 10.1(u) 10.1(w) 10.1(y)
 Section 10.1(h)
 Sections 10.1(e) 10.1(f) 10.1(g) 10.1(h) 10.1(i) 10.1(j) 10.1(l) 10.1(t) 10.1(v) 10.1(x)
 137




---



##### 



Section 2.10
 ARTICLE XI
 INDEMNIFICATION
 Section 11.1 Indemnities by the Seller
 Indemnified Parties
 138




---



##### 



Indemnified Amounts Section 11.1
       139




---



##### 



140




---



##### 



Section 11.1
 Section 11.1
 Section 11.1
 Section 11.2 Indemnities by the Servicer
  141




---



##### 



Section 11.2
  Section 11.2
 Section 11.2
 Section 11.3 After-Tax Basis
 Section 11.1 Section 11.2
 ARTICLE XII
 THE ADMINISTRATIVE AGENT
 Section 12.1 The Administrative Agent
  142




---



##### 



provided
  Administrative Agents Reliance, Etc
 143




---



##### 



Credit Decision with Respect to the Administrative Agent
 Indemnification of the Administrative Agent provided
 Successor Administrative Agent
 144




---



##### 



Article XII
 Payments by the Administrative Agent
 Delegation of Duties
 Non-Reliance on the Administrative Agent
 Administrative Agent and its Affiliates
 145




---



##### 



ARTICLE XIII
 MISCELLANEOUS
 Section 13.1 Amendments and Waivers
 Section 13.1 provided provided provided further
 provided
 Section 13.2 Notices, Etc
  Section 13.3 Ratable Payments
 Section 11.1
 146




---



##### 



provided
 Section 13.4 No Waiver; Remedies
  Section 13.5 Binding Effect; Benefit of Agreement
 Section 2.9(a)(1) Section 2.10(a)(1)
 Section 13.6 Term of this Agreement
 Articles IV V Articles VI VII VIII Section 9.2 provided however Articles III IV Article
XI Section 13.9 Section 13.10 Section 13.11
 Section 13.7 Governing Law; Consent to Jurisdiction; Waiver of Objection to Venue
  147




---



##### 



Section 13.8 Waiver of Jury Trial
  Section 13.9 Costs, Expenses and Taxes
   Other Costs
 148




---



##### 



Section 13.10 No Proceedings
  provided Section 13.10
 Section 13.11 Recourse Against Certain Parties
 it being expressly agreed and understood
 149




---



##### 



Section 13.11(a)
    Section 13.12 Protection of Right, Title and Interest in the Collateral; Further Action
Evidencing Advances
 Section 13.12(a)
   150




---



##### 



Article XI
 Section 3.1
  Section 3.1
 Section 13.13 Confidentiality
 Excepted Persons
 151




---



##### 



Section 13.13(a)
  provided
  152




---



##### 



Section 13.14 Execution in Counterparts; Severability; Integration
  Section 13.15 Waiver of Set-off
   Section 13.16 Assignments
    153




---



##### 



Register
 154




---



##### 



provided however
     provided however
    155




---



##### 



Section 13.17 Heading and Exhibits
  Section 13.18 Loans Subject to Retained Interest Provisions
 provided clause (i), (ii) (iii) clause (iv) pro
rata
 pro rata
 Section 13.19 Tax Treatment of Advances
  156




---



##### 



Section 13.20 Acknowledgement
   157




---



##### 



THE SELLER:
    
    CAPITALSOURCE REAL ESTATELOAN LLC, 2007-ABy:
    
    /S/ JEFFREY A. LIPSONName:
    
    Jeffrey A. LipsonTitle:
    
    Vice President and TreasurerCapitalSource Real Estate Loan LLC, 2007-A4445 Willard Avenue, 12th FloorChevy Chase, Maryland 20815
 Attention:
    
    TreasurerFacsimile No.:
    
    (301) 841-2375Confirmation No.:
    
    (301) 841-2731]
 THE ORIGINATOR,
    
    CSE MORTGAGE LLCSERVICER ANDCLASS B PURCHASER:By:
    
    /S/ JEFFREY A. LIPSONName:
    
    Jeffrey A. LipsonTitle:
    
    Vice President and TreasurerCSE Mortgage LLC4445 Willard Avenue, 12th FloorChevy Chase, Maryland 20815
 Attention:
    
    TreasurerFacsimile No.:
    
    (301) 841-2375Confirmation No.:
    
    (301) 841-2731
 [Signatures Continued on the Following Page]




---



##### 



Issuer:
    
    CRC FUNDING, LLC,in its capacity as an IssuerBy: Citicorp North America, Inc.,as Attorney-in-FactBy:
    
    /s/ GERALD F. KEEFEName:
    
    Gerald F. KeefeTitle:
    
    Authorized SignatoryCRC Funding, LLC450 Mamaroneck AvenueHarrison, N.Y. 10528Attention: Global SecuritizationFacsimile No.: 914-899-7890Confirmation No.: 914-899-7218Issuer:
    
    CAFCO, LLC,in its capacity as an IssuerBy: Citicorp North America, Inc.,as Attorney-in-FactBy:
    
    /s/ GERALD F. KEEFEName:

    Gerald F. KeefeTitle:
    
    Authorized SignatoryCAFCO, LLC450 Mamaroneck AvenueHarrison, N.Y. 10528Attention: Global SecuritizationFacsimile No.: 914-899-7890Confirmation No.: 914-899-7218
 [Signatures Continued on the Following Page]




---



##### 



Issuer:
    
    CIESCO, LLC,in its capacity as an IssuerBy:
    
    Citicorp North America, Inc.,as Attorney-in-FactBy:
    
    /s/ GERALD F. KEEFEName:
    
    Gerald F. KeefeTitle:
    
    Authorized SignatoryCIESCO, LLC450 Mamaroneck AvenueHarrison, N.Y. 10528Attention: Global SecuritizationFacsimile No.: 914-899-7890Confirmation No.: 914-899-7218
 [Signatures Continued on the Following Page]




---



##### 



Liquidity Bank:
    
    CITIBANK, N.A.,in its capacity as a Liquidity BankBy:
    
    /s/ GERALD F. KEEFEName:
    
    Gerald F. KeefeTitle:
    
    Authorized SignatoryCitibank, N.A.450 Mamaroneck AvenueHarrison, N.Y. 10528Attention: Global SecuritizationFacsimile No.: 914-899-7890Confirmation No.: 914-899-7218THE ADMINISTRATIVE AGENT
    
    CITICORP NORTH AMERICA, INC.By:
    
    /s/ GERALD F. KEEFEName:
    
    Gerald F. KeefeTitle:
    
    Authorized SignatoryCiticorp North America, Inc., as Administrative Agent450 Mamaroneck AvenueHarrison, N.Y. 10528Attention: Global SecuritizationFacsimile No.: 914-899-7890Confirmation No.: 914-899-7218
 [Signatures Continued on the Following Page]




---



##### 



THE BACKUP SERVICER:
    
    WELLS FARGO BANK, NATIONALAND THE COLLATERAL 
CUSTODIAN:
    
    ASSOCIATION, not in its individual capacity but solely as Backup Servicer and as Collateral CustodianBy:
    
    /s/ Joe NardiName:
    
    Joe NardiTitle:
    
    Vice PresidentWells Fargo Bank, National AssociationSixth Street and Marquette AvenueMAC N9311-161Minneapolis, Minnesota 55479
 Attention:
    
    Corporate Trust ServicesCollateral-Backed AdministrationFacsimile No.:
    
    (612) 667-3539Confirmation No.:
    
    (612) 667-8058
 [Signatures Continued on the Following Page]




---



##### 



CITIBANK, N.A.
 By:
    
    /s/ GERALD F. KEEFEName:
    
    Gerald F. KeefeTitle:
    
    Authorized Signatory