Exhibit 10.4
 COMPOSITE VERSION
(REFLECTS ALL AMENDMENTS THROUGH AUGUST 28, 2009)
   FOURTH 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
 Dated as of June 16, 2009
 CONFORMED THROUGH SECOND AMENDMENT, DATED AUGUST 28, 2009




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##### 



TABLE OF CONTENTS
 PageARTICLE I DEFINITION
    
    
    2Section 1.1
    
    Certain Defined Terms
    
    
    2Section 1.2
    
    Other Terms
    
    
    51Section 1.3
    
    Computation of Time Periods
    
    
    51Section 1.4
    
    Interpretation
    
    
    51Section 1.5
    
    Special Provisions Relating to Alternative Currency Loans
    
    
    51ARTICLE II PURCHASE OF THE VFCS
    
    
    52Section 2.1
    
    The VFCs
    
    
    52Section 2.2
    
    [Intentionally Omitted.]
    
    
    53Section 2.3
    
    Procedures for Advances
    
    
    53Section 2.4
    
    Reduction of the Facility Amount; Mandatory and Optional Repayments; Increase of Commitment
    
    
    54Section 2.5
    
    Determination of Interest
    
    
    55Section 2.6
    
    Percentage Evidenced by each VFC
    
    
    55Section 2.7
    
    Notations on VFCs
    
    
    56Section 2.8
    
    Settlement Procedures for Special Reduction Amounts and Optional Sales
    
    
    56Section 2.9
    
    Settlement Procedures During the Revolving Period and the Amortization Period
    
    
    56Section 2.10
    
    Settlement Procedures During the Turbo Period
    
    
    57Section 2.11
    
    Collections and Allocations
    
    
    58Section 2.12
    
    Payments, Computations, Etc.
    
    
    59Section 2.13
    
    Mandatory Repurchase
    
    
    60Section 2.14
    
    Fees
    
    
    60Section 2.15
    
    Increased Costs; Capital Adequacy; Illegality
    
    
    61Section 2.16
    
    Taxes
    
    
    62Section 2.17
    
    Assignment of the Sale Agreement
    
    
    63Section 2.18
    
    Substitution of Assets
    
    
    63Section 2.19
    
    Optional Sales
    
    
    64Section 2.20
    
    [Intentionally Omitted]
    
    
    65Section 2.21
    
    [Intentionally Omitted]
    
    
    65Section 2.22
    
    Appointment of the Placement Agent
    
    
    65ARTICLE III CONDITIONS TO ADVANCES
    
    
    66Section 3.1
    
    Conditions to Closing and Initial Advance
    
    
    66Section 3.2
    
    Conditions Precedent to All Advances
    
    
    67Section 3.3
    
    [Intentionally Omitted]
    
    
    69Section 3.4
    
    [Intentionally Omitted]
    
    
    69Section 3.5
    
    Conditions Precedent to The Third Amendment and Restatement Effective Date
    
    
    69
 i




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##### 



TABLE OF CONTENTS
 PageSection 3.6
    
    Conditions Precedent to the Fourth Amendment and Restatement Effective Date
    
    
    70ARTICLE IV REPRESENTATIONS AND WARRANTIES
    
    
    71Section 4.1
    
    Representations and Warranties of the Seller
    
    
    71Section 4.2
    
    Representations and Warranties of the Seller Relating to the Agreement and the Collateral
    
    
    80Section 4.3
    
    Representations and Warranties of the Servicer
    
    
    81Section 4.4
    
    Representations and Warranties of the Backup Servicer
    
    
    84Section 4.5
    
    Representations and Warranties of the Collateral Custodian
    
    
    84Section 4.6
    
    Breach of Certain Representations and Warranties
    
    
    85ARTICLE V GENERAL COVENANTS
    
    
    86Section 5.1
    
    Affirmative Covenants of the Seller
    
    
    86Section 5.2
    
    Negative Covenants of the Seller
    
    
    89Section 5.3
    
    Covenants of the Seller Relating to the Hedging of Assets
    
    
    92Section 5.4
    
    Affirmative Covenants of the Servicer
    
    
    93Section 5.5
    
    Negative Covenants of the Servicer
    
    
    95Section 5.6
    
    Affirmative Covenants of the Backup Servicer
    
    
    96Section 5.7
    
    Negative Covenants of the Backup Servicer
    
    
    97Section 5.8
    
    Affirmative Covenants of the Collateral Custodian
    
    
    97Section 5.9
    
    Negative Covenants of the Collateral Custodian
    
    
    97Section 5.10
    
    Covenant of the Seller, the Servicer and the Originator
    
    
    97ARTICLE VI ADMINISTRATION AND SERVICING OF ASSETS
    
    
    98Section 6.1
    
    Designation of the Servicer
    
    
    98Section 6.2
    
    Duties of the Servicer
    
    
    98Section 6.3
    
    Authorization of the Servicer
    
    
    101Section 6.4
    
    Collection of Payments
    
    
    101Section 6.5
    
    Servicer Advances
    
    
    103Section 6.6
    
    Realization Upon Charged-Off Assets
    
    
    103Section 6.7
    
    Maintenance of Insurance Policies
    
    
    104Section 6.8
    
    Servicing Compensation
    
    
    104Section 6.9
    
    Payment of Certain Expenses by Servicer
    
    
    104Section 6.10
    
    Reports
    
    
    105Section 6.11
    
    Annual Statement as to Compliance
    
    
    106Section 6.12
    
    Annual Independent Public Accountant's Servicing Reports
    
    
    106Section 6.13
    
    Limitation on Liability of the Servicer and Others
    
    
    106Section 6.14
    
    The Servicer Not to Resign
    
    
    106Section 6.15
    
    Servicer Defaults
    
    
    107Section 6.16
    
    Appointment of Successor Servicer
    
    
    108Section 6.17
    
    Servicing of REO Assets
    
    
    110
 ii




---



##### 



TABLE OF CONTENTS
 PageARTICLE VII THE BACKUP SERVICER
    
    
    111Section 7.1
    
    Designation of the Backup Servicer
    
    
    111Section 7.2
    
    Duties of the Backup Servicer
    
    
    112Section 7.3
    
    Merger or Consolidation
    
    
    113Section 7.4
    
    Backup Servicing Compensation
    
    
    113Section 7.5
    
    Backup Servicer Removal
    
    
    113Section 7.6
    
    Limitation on Liability
    
    
    113Section 7.7
    
    The Backup Servicer Not to Resign
    
    
    114ARTICLE VIII THE COLLATERAL CUSTODIAN
    
    
    114Section 8.1
    
    Designation of Collateral Custodian
    
    
    114Section 8.2
    
    Duties of Collateral Custodian
    
    
    115Section 8.3
    
    Merger or Consolidation
    
    
    116Section 8.4
    
    Collateral Custodian Compensation
    
    
    116Section 8.5
    
    Collateral Custodian Removal
    
    
    116Section 8.6
    
    Limitation on Liability
    
    
    117Section 8.7
    
    The Collateral Custodian Not to Resign
    
    
    117Section 8.8
    
    Release of Documents
    
    
    118Section 8.9
    
    Return of Required Asset Documents
    
    
    118Section 8.10
    
    Access to Certain Documentation and Information Regarding the Collateral; Audits
    
    
    119Section 8.11
    
    [Intentionally Omitted.]
    
    
    119ARTICLE IX SECURITY INTEREST
    
    
    119Section 9.1
    
    Grant of Security Interest
    
    
    119Section 9.2
    
    Release of Lien on Collateral
    
    
    120Section 9.3
    
    Further Assurances
    
    
    120Section 9.4
    
    Remedies
    
    
    120Section 9.5
    
    Waiver of Certain Laws
    
    
    120Section 9.6
    
    Power of Attorney
    
    
    121ARTICLE X TERMINATION EVENTS; TURBO EVENTS
    
    
    121Section 10.1
    
    Termination Events; Turbo Events
    
    
    121Section 10.2
    
    Remedies
    
    
    124ARTICLE XI INDEMNIFICATION
    
    
    124Section 11.1
    
    Indemnities by the Seller
    
    
    124Section 11.2
    
    Indemnities by the Servicer
    
    
    127Section 11.3
    
    After-Tax Basis
    
    
    128ARTICLE XII THE ADMINISTRATIVE AGENT
    
    
    128Section 12.1
    
    The Administrative Agent
    
    
    128ARTICLE XIII MISCELLANEOUS
    
    
    131Section 13.1
    
    Amendments and Waivers
    
    
    131
 iii




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##### 



TABLE OF CONTENTS
 PageSection 13.2
    
    Notices, Etc
    
    
    131Section 13.3
    
    Ratable Payments
    
    
    131Section 13.4
    
    No Waiver; Remedies
    
    
    132Section 13.5
    
    Binding Effect; Benefit of Agreement
    
    
    132Section 13.6
    
    Term of this Agreement
    
    
    132Section 13.7
    
    Governing Law; Consent to Jurisdiction; Waiver of Objection to Venue
    
    
    132Section 13.8
    
    Waiver of Jury Trial
    
    
    132Section 13.9
    
    Costs, Expenses and Taxes
    
    
    133Section 13.10
    
    No Proceedings
    
    
    133Section 13.11
    
    Recourse Against Certain Parties
    
    
    134Section 13.12
    
    Protection of Right, Title and Interest in  the Collateral; Further Action Evidencing Advances
    
    
    134Section 13.13
    
    Confidentiality
    
    
    135Section 13.14
    
    Execution in Counterparts; Severability; Integration
    
    
    137Section 13.15
    
    Waiver of Set-off
    
    
    137Section 13.16
    
    Assignments
    
    
    137Section 13.17
    
    Heading and Exhibits
    
    
    139Section 13.18
    
    Loans Subject to Retained Interest Provisions
    
    
    140Section 13.19
    
    Tax Treatment of Advances
    
    
    140Section 13.20
    
    Acknowledgement
    
    
    140
 iv




---



##### 



FOURTH AMENDED AND RESTATED  SALE AND SERVICING AGREEMENT
 THIS FOURTH 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
 WHEREAS
 WHEREAS




---



##### 



AMEND AND RESTATE
 NOW, THEREFORE,
 ARTICLE I
 DEFINITION
 Section 1.1 Certain Defined Terms
 Section 1.1
 1940 Act
 2009 CS Secured Note Issuance
 2009 Restructuring Exhibit 09-A
 2009 Restructuring Documents Exhibit 09-B
 Account Control Agreement
 Accrual Period
 2




---



##### 



Acquired Loan provided
 Addition Date
 Additional Assets
 Adjusted Eurodollar Rate per annum minus
 Administrative Agent Preamble
 Advance
 Advance Rate
 Advances Outstanding
 Affected Party
 Affiliate
 Agents Account
 Agented Loans
 3




---



##### 



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 Exhibit M
 Assignment of Leases and Rents
 Assignment of Mortgage Exhibit I
 Availability
 Available Collections Amount Section 2.9(a)
 5




---



##### 



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




---



##### 



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 provide
 Borrowing Base minus
 Borrowing Base Certificate Exhibit A-3
 Borrowing Notice Exhibit A-1 A-2
 Breakage Costs
 British Pound Sterling
 Business Day
 CAFCO
 7




---



##### 



Canadian Dollars
 Capital Contribution Agreement Exhibit 09-C
 Capital Stock
 CapitalSource Bank Entities
 CapitalSource Bank Transaction
 CD Rate
 Change-in-Control
    8




---



##### 



provided, however
 provided however
 Charged-Off Asset
 Charged-Off Investment Loan
 Charged-Off Portfolio Asset
 CHARTA
 Citibank
 Citibank Facilities CS Funding VII
Facility
 9




---



##### 



Class A Advance Section 2.1(b)
 Class A Advance Rate
 Senior Secured Loan
 LTV
    
    LTV
    
    LTV
    
    LTV
    
    LTV
    
    LTVClassification
    
    <=65%
    
    <=70%
    
    <=75%
    
    <=80%
    
    <=85%
    
    <=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
 LTV
    
    LTV
    
    LTV
    
    LTV
    
    LTV
    
    LTVClassification
    
    <=65%
    
    <=70%
    
    <=75%
    
    <=80%
    
    <=85%
    
    <=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
 LTV
    
    LTV
    
    LTV
    
    LTVClassification
    
    <=75%
    
    <=80%
    
    <=85%
    
    <=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
 10




---



##### 



Mezzanine Loan
 LTV
    
    LTV
    
    LTVClassification
    
    <=80%
    
    <=85%
    
    <=90%Multifamily
    
    
    40
    %
    
    
    40
    %
    
    
    40
    %Retail, Office, Industrial,
Healthcare and other
    
    
    40
    %
    
    
    40
    %
    
    
    40
    %Hotel
    
    
    50
    %
    
    
    N/A
    
    
    
    N/A
  Class A Advances Outstanding
 Class A Availability minus
 Class A Collection Date
 Class A Commitment
 Class A Facility Amount
 Class A Interest Rate
   provided
 Class A Purchaser Class A Purchasers
 11




---



##### 



Class A Total Principal Payable
 Class A VFC Section 2.1(a)
 Clearing Agency
 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
 12




---



##### 



Combined Advances Outstanding
 Commercial Paper Notes
 Commitment
 Commitment Fee
 Commitment Fee Rate
 Confirmation and Undertaking Letter
 Consolidated Funded Indebtedness
 Consolidated Subsidiary
 Consolidated Tangible Net Worth provided however provided further however
 Construction Loan
 Construction Properties and
 13




---



##### 



Continuing Directors
 Contractual Obligation
 Core Transaction Terms Section 4.3(v)
 Corporate Trust Office
 CP Rate per annum per annum provided per annum
 Credit Agreement
 Credit Agreement Advances Outstanding
 Credit Agreement Mandatory Reduction Amount
 14




---



##### 



provided that:
    Credit Agreement Optional Reduction Amount provided
 Credit Agreement Reduction Amount
 Credit Agreement Reduction Amount Exempted Amount provided that
 15




---



##### 



Credit and Collection Policy Section 5.1(h) Section 5.4(f)
 CS Funding VII
 CS Funding VII Aggregate Outstanding Asset Balance
 CS Funding VII Facility
 CS Funding VII Special Reduction Amount
 CSE LIBOR Rate
 CSE Prime Rate provided
 Cut-Off Date
 Currency
 Deemed Collection Section 2.4(c)
 Delayed-Draw Term Loan
 Delinquent Asset
 Delinquent Portfolio Asset
 16




---



##### 



Derivatives
 Determination Date
 Development Properties provided
 DIP Loan
 Dollar Equivalent
 Dollars $
 Eligible Asset Exhibit L provided provided
   17




---



##### 



provided
   provided
    18




---



##### 



provided
   19




---



##### 



Section 6.4(a)
           provided
  20




---



##### 



provided
              21




---



##### 



22




---



##### 



pro rata
      clauses (1) (2)
 provided
  23




---



##### 



pari
passu
      Leased Property
        24




---



##### 



Eligible Assignee"
 Eligible Obligor
           Eligible Repurchase Obligations clauses (c)(ii) (c)(iv)
 Eligible Risk Rating
 Environmental Laws
 25




---



##### 



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
 Eurodollar Reserve Percentage
 26




---



##### 



Excepted Person Section 13.13(a)
 Excess Concentration Loan Schedule VIII
 Exchange Act
 Excluded Amounts
 Existing Assets
 Existing Credit Agreement
 Face Amount
 Facility Amount
 Federal Funds Rate per annum
 Finance Charges
 Financial Sponsor
 Fitch
 Fixed Rate Asset
 Fixed Rate Asset Percentage
 27




---



##### 



Floating Rate Asset plus
 Floating Prime Rate Permitted Excess Amount
 Fourth Amendment and Restatement Effective Date Section 3.6
 Funding Date Section 2.3
 GAAP
 Governmental Authority
 H.15
 Healthcare REIT Consolidated Subsidiary
 Hedge Collateral Section 5.3(b)
 Hedge Breakage Costs
 Hedge Counterparty
 Hedge Guaranty
 Hedge Transaction Section 5.3(a)
 Hedging Agreement Section 5.3(a) Exhibit
D
 28




---



##### 



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(w)(xxviii)
 Industry
 Initial Advance
 Initial Credit Agreement Mandatory Reduction Amount
 Insolvency Event
 29




---



##### 



Insolvency Laws
 Insolvency Proceeding
 Instrument
 Insurance Policy
 Insurance Proceeds
 Intercreditor Agreement
 Interest
 IR x P x
    
    
    1360
 where:IR = the Interest Rate applicable on such day; andP = the principal amount of such Advance on such day;
 provided
 Interest Collections
 30




---



##### 



Interest Rate
 Interests in Real Property
 Investment Loan
 Investors
 ISDA Definitions
 Issuer
 Issuer Purchase Limit
 Land Development
 Lease
 Leased Property clause 3(f)
 LIBOR Rate per annum
 Lien
 Liquid Real Estate Assets
 Liquidation Expenses
 31




---



##### 



Liquidity Agreement
 Liquidity Bank
 Loan
 Loan Register Section 5.4(n)
 Loan-to-Liquidation Value LLV
 Loan-to-Value Ratio LTV plus pari passu
 32




---



##### 



Lock-Box Schedule II
 Lock-Box Account Schedule II
 Lock-Box Agreement
 Lock-Box Bank
 Margin Stock
 Material Adverse Effect
 Materials of Environmental Concern
 Maximum Advance Rate
 Maximum Availability
  plus
 minus plus
 minus plus
 33




---



##### 



Memorandum of Understanding Exhibit 09-E
 Mezzanine Loan
 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
 34




---



##### 



NOI minus
 Noteless Loan
 Obligor for example
 Officers Certificate
 Opinion of Counsel
 Optional Sale Section 2.19
 Optional Sale Date Section 2.19
 Optional Sale Proceeds
 Original Agreement
 Originator Preamble
 Other CapitalSource Facilities Section 6.15(k)
 Other Costs Section 13.9(c)
 Outstanding Asset Balance plus provided
 35




---



##### 



provided further provided, further
 Overcollateralization Amount
 Overcollateralization Percentage minus
 Overcollateralization Shortfall minus
 Parent Undertaking  Originator Exhibit N
 Parent Undertaking  Servicer Exhibit O
 Participating Member State
 Participation Loan provided
 Payment Date
 Payment Duties Section 8.2(b)
 36




---



##### 



Permitted Hedge Counterparty Section 5.3(b)
 Permitted Investments
  provided
   clause (ii)
 37




---



##### 



Permitted Liens provided
 Permitted Securitization Transaction
 38




---



##### 



Person
 Placement Agent Section 2.22
 Pool Charged-Off Ratio
 Pool Concentration Criteria
  provided
         39




---



##### 



Schedule VIII
 divided by
    clause (1)(f)
  Pool Rate
 Pool Yield over
 Pool Yield Applicable Advance Rate
 Portfolio Aggregate Outstanding Asset Balance
 40




---



##### 



Portfolio Asset provided
 Portfolio Delinquency Ratio provided
 Portfolio Outstanding Asset Balance plus
 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)
 Pro Rata 2007-A Reduction Amount multiplied by divided by
 41




---



##### 



Pro Rata Percentage divided by
 Pro Rata Reduction Amount
 Proceeds
 Program Fee
 Program Fee Rate
 Purchaser
 Purchaser Affiliate
 Purchaser Fee Letter
 Qualified Institution Section 6.4(f)
 Qualified Transferee
      42




---



##### 



Quarterly Determination Date
 Rating Agency
 Records
 Recoveries
 Refinancing Section 2.22
 Register Section 13.16(c)
 Regulation U
 REIT
 43




---



##### 



Related Property
 Related Security
         REO Asset
 REO Asset Owner Section 6.17
 REO Contribution Agreement Section 6.17
 REO Pledge Agreement Exhibit Q
 REO Servicing Standard Section 6.17
 Replaced Asset Section 2.18(a)
 Reporting Date
 Required Asset Documents
 44




---



##### 



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
 Restatement Date
 Restricted Junior Payment
 Retained Interest
 45




---



##### 



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
 Sale Agreement
 Sale/Leaseback Loan
 Scheduled Payments
 Second Amendment and Restatement Effective Date
 Secured Party
 Seller Preamble
 Seller Investment over
 Senior Secured ABL Loan
 46




---



##### 



pari passu
 Senior Secured Loan pari passu
 Servicer Section 6.16(a)
 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
 Special Reduction Amount
 47




---



##### 



minus Section 2.8
 Special Reduction Amount Date
 Structuring and Agency Fee
 Structuring and Agency Fee Rate
 Subsidiary provided
 Substitute Asset Section 2.18
 Successor Servicer Section 6.16(a)
 TALF Program Section 2.22
 Tape Section 7.2(b)(ii)
 Taxes
 Termination Date Section 2.4 Section 10.2(a) 10.2(c) Section 10.2(b)
 Termination Event Sections 10.1(e) 10.1(f) 10.1(g) 10.1(h) 10.1(i) 10.1(j) 10.1(k) clauses (b) (e) 10.1(l) 10.1(t) 10.1(v), 10.1(w) 10.1(y) 10.1(z)
 Term Loan
 Third Amendment and Restatement Effective Date
 TNW Test Level plus
 48




---



##### 



plus
 Total Principal Payable
 Transaction Section 3.2
 Transaction Documents
 Transition Expenses
 Turbo Event Sections 10.1(a) 10.1(b) 10.1(c) 10.1(d) 10.1(k) clause (a) 10.1(u) 10.1(x)
 Turbo Effective Date
 Turbo Period
 UCC
 Underlying Instruments
 Underlying Lessee
 United States
 Unmatured Termination Event
 VFC Section 2.1(a)
 Voting Stock
 49




---



##### 



Wachovia Facilities
 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) clause (3)(i) clauses (viii) (x)
 Warranty Event
 Weighted Average Advance Rate provided that
 Weighted Average Advance Reduction Amount divided by plus
 Workout Asset
 50




---



##### 



Zero-Coupon Bond
 Section 1.2 Other Terms
  Section 1.3 Computation of Time Periods
  Section 1.4 Interpretation
         Section 1.5 Special Provisions Relating to Alternative Currency Loans
  51




---



##### 



ARTICLE II
 PURCHASE OF THE VFCS
 Section 2.1 The VFCs
 VFC Class A VFC Exhibit B provided
 Class A Advance provided Section 2.1 Section 2.9(a)(1) Section 2.10(a)(1)
    52




---



##### 



Section 2.2 [Intentionally Omitted .]
 Section 2.3 Procedures for Advances
 provided Article III
  Article III Section 2.3
 Section 2.3
 53




---



##### 



Section 2.4 Reduction of the Facility Amount; Mandatory and Optional Repayments;
Increase of Commitment
 provided Section
2.4(a)
 provided first pro rata second third provided however
 54




---



##### 



Section 2.10 Section
2.4(b)
 Deemed Collection plus Section 2.4(c)
  Section 2.5 Determination of Interest
  Section 2.6 Percentage Evidenced by each VFC
 Section 2.1(a) Section 2.1(a)
 55




---



##### 



Section 2.7 Notations on VFCs
  Section 2.8 Settlement Procedures for Special Reduction Amounts and Optional Sales .
 first second third fourth Section
2.9 Section 2.10
 Section 2.9Settlement Procedures During the Revolving Period and the Amortization
Period.
  pro rata
   pro rata
 56




---



##### 



pro rata
 pro rata
 pro rata
   pro rata
 pro rata clause
(11)
   Section 2.10 Settlement Procedures During the Turbo Period
  pro rata
  57




---



##### 



pro rata
 pro rata
 pro rata
   pro
rata
 pro rata clause (1)
 pro rata clause
(11)
  Section 2.11 Collections and Allocations
 Collections
 58




---



##### 



Section 6.10(b)
 Initial Deposits
 Excluded Amounts
 Investment of Funds Section 2.9 Section 2.10
 Section 2.12 Payments, Computations, Etc
 per annum provided
 Section 2.9(a)(11) Section 2.10(a)(11)
 59




---



##### 



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)
 Section 2.9(a)(4) Section 2.10(a)(4)
 Section 2.9(a)(4) Section 2.10(a)(4)
  60




---



##### 



Section 2.15 Increased Costs; Capital Adequacy; Illegality
   clause
(a) (b) Section 2.15
 Section 2.15 Section 2.15
 61




---



##### 



clause (a)
 Consolidation Event Section 2.15
 Section 2.16 Taxes
 Additional Amount
    62




---



##### 



Section
2.16(d)
 Section 2.16
 Section 13.16(d)
 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
 63




---



##### 



Section 4.6
 Section 4.6
 Section 4.1 Section 4.2
  Section 4.6
 Section 4.6
   Section 2.19 Optional Sales
  64




---



##### 



Optional Sale
 Section 2.20 [Intentionally Omitted] .
 Section 2.21 [Intentionally Omitted] .
 Section 2.22 Appointment of the Placement Agent
 Placement Agent TALF Program including Section 2.22
 65




---



##### 



provided Section 2.22
 ARTICLE III
 CONDITIONS TO ADVANCES
 Section 3.1 Conditions to Closing and Initial Advance
  Schedule I
  Exhibits F-1 F-2
 66




---



##### 



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) Exhibit A-2 Exhibit A-3
  Section 4.1 Section
4.2 Section 4.3
      67




---



##### 



Exhibit L provided
        Section 2.3
     68




---



##### 



Section 3.3 [Intentionally Omitted] .
 Section 3.4 [Intentionally Omitted]
 Section 3.5 Conditions Precedent to The Third Amendment and Restatement Effective
Date
  Exhibit 09-A
     Schedule I-C
   69




---



##### 



Section 4.1 Section
4.2 Section 4.3 Section 4.2(b)
        Section 3.6 Conditions Precedent to the Fourth Amendment and Restatement Effective
Date
    Section 4.1 Section
4.2 Section 4.3 Section 4.2(b)
 70




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##### 



ARTICLE IV
 REPRESENTATIONS AND WARRANTIES
 Section 4.1 Representations and Warranties of the Seller
  Organization and Good Standing
 The 2009 Restructuring Section 4.1(c)
 Amendments to Operating Agreement Exhibit 09-D
 Due Qualification
 Power and Authority; Due Authorization; Execution and Delivery
 71




---



##### 



Binding Obligation
 No Violation
 No Proceedings
 All Consents Required
 Bulk Sales
 Solvency Exhibit E-1
 Selection Procedures
 Taxes
 72




---



##### 



Exchange Act Compliance; Regulations T, U and X
 Security Interest
         73




---



##### 



Reports Accurate
 Location of Offices Section 13.2 Section 5.2(g)
 Lock-Boxes Schedule II Section 5.2(k)
 Tradenames
 74




---



##### 



Sale Agreement
 Value Given
 Accounting
 Special Purpose Entity
       provided
 75




---



##### 



76




---



##### 



Independent Director provided
   Intentionally Omitted.
 77




---



##### 



Investment Company Act
 ERISA Section 3 Pension Plans
 Compliance with Law
 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(gg)
 78




---



##### 



mutatis mutandis
 Reaffirmation of Representations and Warranties by the Seller Section 4.1
 Participation and Acquired Loans
 Environmental
       79




---



##### 



USA PATRIOT Act
 Material Adverse Effect
 Section 4.1(o)
 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(o)
 80




---



##### 



Eligibility of Collateral Section 2.3 Section 4.2(a)
 No Fraud
 Material Adverse Effect
 Section 4.3 Representations and Warranties of the Servicer
  Organization and Good Standing
 The 2009 Restructuring Section 4.3(c)
 Amendments to Operating Agreement Exhibit 09-D
 Due Qualification
 Power and Authority; Due Authorization; Execution and Delivery
 81




---



##### 



Binding Obligation
 No Violation
 No Proceedings
 All Consents Required
 Reports Accurate
 Credit and Collection Policy
 Collections
 Bulk Sales
 Solvency Exhibit E-2
 Taxes
 82




---



##### 



Exchange Act Compliance; Regulations T, U and X
 Security Interest
 ERISA Section 3 Pension Plans Section 4042
 Investment Company Act
 USA PATRIOT Act
 83




---



##### 



Material Adverse Effect
 Other Agreements Core Transaction Terms
 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
 Section 4.5 Representations and Warranties of the Collateral Custodian
  84




---



##### 



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 Section 2.18
 85




---



##### 



Retransfer Date Section
4.6
 ARTICLE V
 GENERAL COVENANTS
 Section 5.1 Affirmative Covenants of the Seller
  Compliance with Laws
 Preservation of Company Existence
 Performance and Compliance with Collateral
 Keeping of Records and Books of Account
 Originators Collateral
 86




---



##### 



Delivery of Collections Section 5.4(k)
 Separate Limited Liability Company Existence Section 4.1(w)
 Credit and Collection Policy
 Turbo Events; Termination Events
 Taxes
 Use of Proceeds
 Obligor Notification Forms
 87




---



##### 



Adverse Claims
 Sellers Collateral
 Notices
 Income Tax Liability
 Auditors Management Letters
 Representations Section 4.1
 ERISA
 Proceedings
 88




---



##### 



provided Section
5.1(o)
 Notice of Material Events
 Reporting Requirements
   Other
 Modifications to the Wachovia Facilities
 Section 5.2 Negative Covenants of the Seller
  89




---



##### 



Other Business Section 5.3(a)
 Collateral Not to be Evidenced by Instruments
 Security Interests 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
 90




---



##### 



Accounting of Purchases
 ERISA Matters
 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
 91




---



##### 



Tax provided, Section 2.16(f)
 Other Indebtedness pari passu
 Section 5.3 Covenants of the Seller Relating to the Hedging of Assets
 provided
   Section 6.2(c)
 Section 2.9(a)(1) Section
2.10(a)(1)
 Hedge Collateral Section 5.3(a)
 92




---



##### 



Section 5.4 Affirmative Covenants of the Servicer
  Compliance with Law
 Preservation of Company Existence
 Obligations and Compliance with Collateral
 Keeping of Records and Books of Account
    Preservation of Security Interest
 Credit and Collection Policy
 93




---



##### 



Turbo Events; Termination Events
 Taxes
 Other
 Proceedings provided Section 5.4(j)
 Deposit of Collections
 Servicing of Participation and Acquired Loans
 Change-in-Control
 94




---



##### 



Loan Register
 Loan Register Section 5.04(n) provided
  Modifications to the Wachovia Facilities
 Section 5.5 Negative Covenants of the Servicer
  Deposits to Special Accounts
 Mergers, Acquisition, Sales, etc
 Section 5.5
  95




---



##### 



Change of Name or Location of Loan Files Section 13.2
 Change in Payment Instructions to Obligors Schedule II
 Extension or Amendment of Assets Section 6.4(a)  provided Section 6.4(a)
 Tax provided, Section 2.16(f)
 Section 5.6 Affirmative Covenants of the Backup Servicer
  Compliance with Law
 Preservation of Existence
 96




---



##### 



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
 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
  97




---



##### 



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
 98




---



##### 



Section 2.9 Section 2.10
 Hedge Covenants
   99




---



##### 



clause (i)
 clause (i)
        100




---



##### 



Section 6.3 Authorization of the Servicer
  provided
 Section 6.4 Collection of Payments
 Collection Efforts, Modification of Collateral
 Prepaid Asset Section 2.18
 101




---



##### 



over Prepayment Amount plus
 Acceleration
 Taxes and other Amounts
 Payments to Lock-Box Account
 Continuation of the Collection Account Collection Account Principal Collections Account provided Qualified Institution
 102




---



##### 



[Intentionally Omitted.]
 [Intentionally Omitted.]
 Adjustments
 Transfer of Collection Account to Citibank Section 6.15(j)
 Section 6.5 Servicer Advances
  Section 6.6 Realization Upon Charged-Off Assets
  103




---



##### 



Section 6.7 Maintenance of Insurance Policies
  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
 104




---



##### 



Section 6.10 Reports
 Borrowing Notice Section 2.4(b)
 Monthly Report Exhibit C Monthly Report
 Servicers Certificate Servicers
Certificate Exhibit J
 Financial Statements
 Tax Returns
 Financial Statements of Obligors
 Other Reports
 Obligor Financial Statements; Valuation Reports; Other Reports
 105




---



##### 



Section 6.11 Annual Statement as to Compliance
  Section 6.12 Annual Independent Public Accountants Servicing Reports
 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
 106




---



##### 



Section 6.15 Servicer Defaults
 Servicer Default
   Section 5.4(o) Section 6.4(j)
   Section 6.1
      107




---



##### 



Schedule IX provided that
    Servicer Termination Notice
 Section 6.16 Appointment of Successor Servicer
 Section 6.15 Successor Servicer
 108




---



##### 



Section 6.16(a) provided provided Article IV Section 2.15 Section 2.16(b) Section
2.16(e)
  Section 6.16 Section 6.16(a)
 109




---



##### 



Section 6.17 Servicing of REO Assets
 Section 6.6 REO
Asset Owner Exhibit G REO Contribution Agreement Section 9.1 Exhibit H REO Servicing Standard
  110




---



##### 



Section 6.17(c)
 ARTICLE VII
 THE BACKUP SERVICER
 Section 7.1 Designation of the Backup Servicer
 Initial Backup Servicer Section 7.1
 111




---



##### 



Successor Backup Servicer Section 7.5
 Section 7.2 Duties of the Backup Servicer
 Appointment Section 7.1
 Duties Section 7.5
 provided
 Tape
   112




---



##### 



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
  113




---



##### 



Section 7.7 The Backup Servicer Not to Resign
  ARTICLE VIII
 THE COLLATERAL CUSTODIAN
 Section 8.1 Designation of Collateral Custodian
 Initial Collateral Custodian Section 8.1
 Successor Collateral Custodian
 114




---



##### 



Section 8.5
 Section 8.2 Duties of Collateral Custodian
 Appointment
 Duties Section 8.5
 Section 3.2 Review Criteria
 provided
 115




---



##### 



provided further
 Schedule III
 Section 2.9 Section 2.10 Payment
Duties
   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
 116




---



##### 



Section 8.6 Limitation on Liability
        Section 8.7 The Collateral Custodian Not to Resign
  117




---



##### 



clause (i)
 Section 8.8 Release of Documents
 Release for Servicing Exhibit H Exhibit H
 Limitation on Release
 Release for Payment Exhibit H provided
 Section 8.9 Return of Required Asset Documents
 Section 2.18 Section 9.2 Section 4.6 Exhibit H
 118




---



##### 



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
 119




---



##### 



Section 9.2 Release of Lien on Collateral
 Section 2.18 Section 2.19 Section 2.22 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 Section 10.2
 Section 9.5 Waiver of Certain Laws
  120




---



##### 



Section 9.6 Power of Attorney
  ARTICLE X
 TERMINATION EVENTS; TURBO EVENTS
 Section 10.1 Termination Events; Turbo Events
     provided Section 2.10
    121




---



##### 



Section 6323
     Section
6.2(c)
 Section 10.1(f) 10.1(g) 10.1(o) 10.1(r) Section 10.1(p) Section 5.2
 122




---



##### 



Section 5.1(r) 5.4(o)
 123




---



##### 



Section 10.2 Remedies
 provided clause (c)
 Section 10.1(h)
 Section 2.10
 ARTICLE XI
 INDEMNIFICATION
 Section 11.1 Indemnities by the Seller
 Indemnified Parties
 124




---



##### 



Indemnified
Amounts Section 11.1
        125




---



##### 



126




---



##### 



Section 11.1
 Section 11.1
 Section 11.1
 Section 11.2 Indemnities by the Servicer
  Section 11.2
  Section 11.2
 127




---



##### 



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
 provided
  128




---



##### 



Administrative Agents Reliance, Etc
 Credit Decision with Respect to the Administrative Agent
 Indemnification of the Administrative Agent provided
 129




---



##### 



Successor Administrative Agent Article XII
 Payments by the Administrative Agent
 Delegation of Duties
 Non-Reliance on the Administrative Agent
 130




---



##### 



Administrative Agent and its Affiliates
 ARTICLE XIII
 MISCELLANEOUS
 Section 13.1 Amendments and Waivers
 Section 13.1 provided provided further
 provided
 Section 13.2 Notices, Etc
  Section 13.3 Ratable Payments
 Section 11.1 provided
 131




---



##### 



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
  Section 13.8 Waiver of Jury Trial
  132




---



##### 



Section 13.9 Costs, Expenses and Taxes
   Other Costs
 Section 13.10 No Proceedings
  provided Section 13.10
 133




---



##### 



Section 13.11 Recourse Against Certain Parties
 it being expressly agreed and understood Section 13.11(a)
    Section 13.12 Protection of Right, Title and Interest in the Collateral; Further Action
Evidencing Advances
  134




---



##### 



Section 13.12(a)
  Article
XI
 Section 3.1
  Section 3.1
 Section 13.13 Confidentiality
  135




---



##### 



Excepted Persons Section 13.13(a)
  provided
  136




---



##### 



Section 13.14 Execution in Counterparts; Severability; Integration
  Section 13.15 Waiver of Set-off
  Section 13.3 Section 13.15(b)
 Section 13.16 Assignments
 provided
    137




---



##### 



Section 13.2 Register
 Section 13.16 provided, further
 138




---



##### 



provided however
      provided however,
     Section 13.17 Heading and Exhibits
  139




---



##### 



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
  Section 13.20 Acknowledgement
  140




---



##### 



141




---



##### 



THE SELLER:
    CAPITALSOURCE REAL ESTATE LOAN LLC, 2007-ABy:
    /S/ JEFFREY A. LIPSONName:
    Jeffrey A. LipsonTitle:
    Senior Vice President and TreasurerTHE ORIGINATOR, SERVICER:
    CSE MORTGAGE LLCBy:
    /S/ JEFFREY A. LIPSONName:
    Jeffrey A. LipsonTitle:
    Senior Vice President and Treasurer [Signatures Continued on the Following Page]




---



##### 



Issuer:
    CHARTA, LLC,
in its capacity as an IssuerBy:
    Citicorp North America, Inc.,as Attorney-in-FactBy:
    /S/ GERALD F. KEEFEName:
    Gerald F. KeefeTitle:
    Authorized SignatoryIssuer:
    CAFCO, LLC,
in its capacity as an IssuerBy:
    Citicorp North America, Inc.,as Attorney-in-FactBy:
    /S/ GERALD F. KEEFEName:
    Gerald F. KeefeTitle:
    Authorized Signatory [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 SignatoryTHE ADMINISTRATIVE AGENT
    CITICORP NORTH AMERICA, INC.By:
    /S/ GERALD F. KEEFEName:
    Gerald F. KeefeTitle:
    Authorized Signatory