| (b) | “Specified Transaction”      will have the meaning specified in Section 14 of this      Agreement. |
|-----|---------------------------------------------------------------------------------------------------------------------|

| (c) | The      “Cross Default”      provision of Section 5(a)(vi) will not apply to either Party A or Party      B. |
|-----|---------------------------------------------------------------------------------------------------------------------------|

| (d) | The      “Credit Event Upon      Merger” provisions of Section 5(b)(iv) will not apply to either      Party A or Party B. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------|

----

| (e) | The      “Breach of      Agreement” provisions of Section 5(a)(ii) will not apply to either      Party A or Party B. |
|-----|----------------------------------------------------------------------------------------------------------------------------------|

| (f) | The      “Credit Support      Default” provisions of Section 5(a)(iii) will not apply to either      Party A or Party B. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------|

| (g) | The      “Misrepresentation”      provisions of Section 5(a)(iv) will not apply to either Party A or Party      B. |
|-----|--------------------------------------------------------------------------------------------------------------------------------|

| (h) | The      “Default under Specified      Transaction” provisions of Section 5(a)(v) will not apply to either      Party A or Party B. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------|

| (i) | The      “Automatic Early      Termination” provisions of Section 6(a) will not apply to Party A      and will not apply to Party B. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------|

| (j) | Payments on Early      Termination.  For the purpose of Section 6(e) of this      Agreement: |
|-----|--------------------------------------------------------------------------------------------------------|

|   | (i) | Market      Quotation will apply. |
|--------|-----|-----------------------------------|

|  | (ii) | The      Second Method will apply. |
|--|------|------------------------------------|

| (k) | “Termination Currency”      means U.S. Dollars. |
|-----|-------------------------------------------------------------|

| (l) | Additional Termination      Event will apply.  It shall be an Additional Termination      Event hereunder, with Party A as the Affected Party,  if: |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | an      Event of Default occurs under the Loan, Security and Servicing Agreement      and either (1) the obligations under the Loan, Security and Servicing      Agreement are accelerated in accordance with the terms of the Loan,      Security and Servicing Agreement or (2) the Loan, Security and Servicing      Agreement is terminated as a result of repayment in full by Party A of all      of Party A’s obligations, other than hedging obligations, under the Loan,      Security and Servicing Agreement; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | the      Loan, Security and Servicing Agreement is amended or modified in any      manner, without Party B’s prior written consent, and Party B concludes, in      its sole discretion, that such amendment or modification could have a      material adverse effect on Party B’s position under this Agreement or any      transaction; or |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | Transactions      entered into under this Agreement cease to be secured under the Loan,      Security and Servicing Agreement and the other documents relating      thereto. |
|--------|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (a) | Payer      Representation.  For the purpose of Section 3(e) of this      Agreement, Party A and Party B will each make the following      representation:- |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | the      accuracy of any representations made by the other party pursuant to      Section 3(f) of this Agreement; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------|

|  | (ii) | the      satisfaction of the agreement contained in Section 4(a)(i) or 4(a)(iii) of      this Agreement and the accuracy and effectiveness of any document provided      by the other party pursuant to Section 4(a)(i) or 4(a)(iii) of this      Agreement; and |
|--|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (iii) | the      satisfaction of the agreement of the other party contained in Section 4(d)      of this Agreement; |
|--|-------|-------------------------------------------------------------------------------------------------------------|

| (b) | Payee Tax      Representations.  For the purpose of Section 3(f) of this      Agreement,  Party A and Party B make the representations      specified below, if any: |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | The      following representation will apply to Party A and will      apply to Party B when Party B is acting through its Toronto      office: |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (ii) | The      following representation will not apply to Party A and will apply to Party      B when Party B is acting through its Chicago  office: |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | The      following representation will apply to Party A and will not apply to Party      B: |
|--------|-------|---------------------------------------------------------------------------------------------|

| (a) | Each      party shall, as soon as practicable after demand, deliver to the other      Party any form or document reasonably requested by the other party,      including without limitation, any form or document required to enable such      other party to make payments hereunder without withholding for or on      account of Taxes or with such withholding at a reduced      rate.  Without limiting the generality of the      foregoing: |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Party      required to deliver document |  Form/Document/Certificate                                                                                 |  Date      by which to be delivered |  Covered      by Section 3(d) Representation  |
|-----------------------------------------|-----------------------------------------------------------------------------------------------------------------|------------------------------------------|---------------------------------------------------------|
| Party      A                            | Form      W-9                                                                                                   | Upon      execution of this Agreement    | Yes                                                     |
| Party      B                            | Form      W-8-ECI, with respect to Transactions entered into by Party B’s Chicago      Office             | Upon      execution of this Agreement    | Yes                                                     |
| Party      B                            | Form      W-8-BEN, with respect to Transactions entered into by Party B’s London and      Toronto Offices | Upon      execution of this Agreement    | Yes                                                     |

----

| (b)                Other documents to be delivered by each party concurrently with the      execution and delivery of this Agreementare: |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Party      required to deliver document |  Form/Document/Certificate                                                                                                              |  Date      by which to be delivered                                        |  Covered      by Section 3(d) Representation  |
|-----------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------|---------------------------------------------------------|
| Party      A and Party B                | Certificate      of incumbency containing specimen signatures of each person executing the      Agreement and if requested, any Confirmation | Upon      execution of this Agreement, and if requested, each      Confirmation | Yes                                                     |
| Party      A                            | Legal      opinion substantially in the form of Exhibit I attached    hereto                                                                 | Upon      execution of this Agreement                                           | No                                                      |
| Party      A                            | Audited      Annual and Quarterly Financial Statements                                                                                       | Promptly      upon request                                                      | Yes                                                     |

| (a) | Addresses for      Notices.  For the purpose of Section 12(a) of this      Agreement: |
|-----|-------------------------------------------------------------------------------------------------|

| Address:             | Ministry      Partners Funding, LLC                   |
|----------------------|-------------------------------------------------------|
|                 | 955      W. Imperial Highway                          |
|                 | Brea,      California  92821                |
|                 |                                                  |
|                 | Attention:  Billy      M. Dodson, President |
|                 | Facsimile:  (714)      671-5767             |
|                 | Telephone:  (714)      671-5720             |
|                 |                                                  |
| With      a copy to: | Randy      K. Sterns, Esq.                            |
|                 | Bush      Ross, P.A.                                  |
|                 | 220      South Franklin Street                        |
|                 | Tampa,      Florida 33602-5330                        |

----

| With      respect to Transactions: |   |
|------------------------------------|--------|

|     |                                              |
|----------|---------------------------------------------------|
| Address: | Bank      of Montreal                             |
|     | 130      Adelaide Street West, Suite 500          |
|     | Toronto,      Ontario   M5H 4E1    |
|     | Canada                                            |
|     |                                              |
|     | Attention:  Manager,      Confirmations |
|     | Facsimile:  (416)      867-4778/6827    |
|     | Telephone:  (416)      867-7173         |

| Address: | Bank      of Montreal                                       |
|----------|-------------------------------------------------------------|
|     | 24th      Floor                                             |
|     | 100      King Street West                                   |
|     | Toronto,      Ontario   M5X 1H3              |
|     |                                                        |
|     | Attention:  Managing      Director, Documentation |
|     | Telephone:  (416)      867-4710                   |
|     | Facsimile:  (416)      956-2318                   |

| (b) | Process      Agent.  For purposes of Section 13(c) of this      Agreement: |
|-----|--------------------------------------------------------------------------------------|

| (c) | Offices.  The      provisions of Section 10(a) will apply to this  Agreement. |
|-----|-----------------------------------------------------------------------------------------|

| (d) | Multibranch      Party.  For the purpose of Section 10(c) of this      Agreement: |
|-----|---------------------------------------------------------------------------------------------|

| (e) | Calculation      Agent.  The Calculation Agent is Party B, unless      otherwise specified in a Confirmation in relation to the relevant      Transaction. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (g) | Credit Support      Provider.  None. |
|-----|------------------------------------------------|

| (h) | Governing      Law.  This Agreement will be governed by and construed in      accordance with the laws of the State of New York (without reference to      choice of law doctrine). |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (i) | Netting of      Payments.  Subparagraph (ii) of Section 2(c) shall apply      to all Transactions. |
|-----|--------------------------------------------------------------------------------------------------------------|

| (j) | “Affiliate” will have the      meaning specified in Section 14 of this  Agreement. |
|-----|-----------------------------------------------------------------------------------------------------|

| (a) | 2000 ISDA      Definitions.  The provisions of the 2000 ISDA Definitions      the (“Definitions”), published by the International Swaps and Derivatives      Association, Inc., are incorporated by reference in, and will be deemed to      be part of, this Agreement and each Confirmation as if set forth in full      in this Agreement or in such Confirmation, without regard to any revision      or subsequent edition thereof.  In the event of any      inconsistency between the provisions of this Agreement and the      Definitions, this Agreement will prevail.  In the event of any      inconsistency between the provisions of any Confirmation and this      Agreement or the Definitions, such Confirmation will prevail for the      purpose of the relevanttransaction. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Illegality or Force      Majeure.  As contemplated by Section 6 of this Agreement,      while neither party shall be obligated to violate any applicable law by      reason of Section 6 or this Part 5(b), each party shall retain its right      to payment pursuant to Section 6(e) if the other party does not perform      because of Illegality or ForceMajeure. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (d) | Conditions to Certain      Payments.  Notwithstanding the provision of Section      6(e)(i)(3) and (4), as applicable, if the amount referred to therein is a      positive number, the Defaulting Party will pay such amount to the      Non-defaulting Party, and if the amount referred to therein is a negative      number, except to the extent set out below, the Non-defaulting Party shall      have no obligation to pay any amount thereunder to the Defaulting Party      unless and until the conditions set forth in (i) and (ii) below have been      satisfied, at which time there shall arise an obligation of the      Non-defaulting Party to pay to the Defaulting Party an amount equal to the      absolute value of such negative number less any and all amounts which the      Defaulting Party may be obligated to pay under Section 11 (the "Conditional Payment      Amount"): |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | the      Non-defaulting Party shall have received confirmation satisfactory to it      in its sole discretion (which may include an unqualified opinion of its      counsel) that (x) no further payments or deliveries under Section 2(a)(i)      or 2(e) in respect of Terminated Transactions will be required to be made      in accordance with Section 6(c)(ii) and (y) each Specified Transaction      shall have terminated pursuant to its specified termination date or      through the exercise by a party of a right to terminate and all      obligations owing under each such Specified Transaction shall have been      fully and finally performed; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (ii) | all      obligations (contingent or absolute, matured or unmatured) of the      Defaulting Party and any Affiliate of the Defaulting Party to make any      payment or delivery to the Non-defaulting Party or any Affiliate of the      Non-defaulting Party shall have been fully and finally      performed; |
|--|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (e) | Relationship between the      Parties.  Each party will be deemed to represent to the      other party on the date on which it enters into a Transaction that (absent      a written agreement between the parties that expressly imposes affirmative      obligations to the contrary for that  Transaction): |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | Non-Reliance.  It      is acting for its own account, and it has made its own independent      decision to enter into that Transaction and as to whether that Transaction      is appropriate or proper for it based upon its own judgment and upon      advice from such advisors as it has deemed necessary.  It is not      relying on any communication (written or oral) of the other Party as      investment advice or as a recommendation to enter into that Transaction;      it being understood that information and explanations related to the terms      and conditions of a Transaction shall not be considered investment advice      or a recommendation to enter into that Transaction.  No      communication (written or oral) received from the other party shall be      deemed to be an assurance or guarantee as to the expected results of that      Transaction. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (ii) | Assessment and      Understanding.  It is capable of assessing the merits of      and understanding (on its own behalf or through independent professional      advice), and understands and accepts the terms, conditions and risks of      that Transaction.  It is also capable of assuming, and assumes,      the risks of that Transaction. |
|--|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (iii) | Status of      Parties.  The other party is not acting as a fiduciary      for or an advisor to it in respect of that  Transaction. |
|--|-------|-----------------------------------------------------------------------------------------------------------------------------------------------|

| (f) | Bankruptcy      Code.  The parties hereto intend that this Agreement      shall be a “master agreement” for purposes of 11 U.S.C. §101(53B) and      12U.S.C. §1821(e)(8)(D)(vii),      or any successor provisions. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (g) | Commodity Exchange Act.  | Each      party represents to the other party on and as of the date hereof and on      each date on which a Transaction is entered into among them      that: |
|-----|-------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | such      party is an “eligible contract participant” as defined in the U.S.      Commodity Exchange Act, as amended (the“CEA”); |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | neither      this Agreement nor any Transaction has been executed or traded on a      “trading facility” as such term is defined in the CEA;  and |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | the      terms of this Agreement and each Transaction have been subject to      individual negotiation. |
|--------|-------|---------------------------------------------------------------------------------------------------------|

| (h)  | Escrow.   If      by reason of the time difference between the cities in which payments are      to be made or otherwise, it is not possible for simultaneous payments to      be made on any date on which both parties are required to make payments      hereunder, either party may at its option and in its sole discretion      notify the other party that payments on that date are to be made in      escrow.  In this case deposit of the payment due earlier on that      date shall be made by 2:00 p.m. (local time at the place for the earlier      payment) on that date with an escrow agent selected by the party giving      the notice and reasonably acceptable to the other party, accompanied by      irrevocable payment instructions (a) to release the deposited payment to      the intended recipient upon receipt by the escrow agent of the required      deposit of the corresponding payment from the other party on the same date      accompanied by irrevocable payment instructions to the same effect or (b)      if the required deposit of the corresponding payment is not made on that      same date, to return the payment deposited to the party that paid it into      escrow.  The party that elects to have payments made in escrow      shall pay the costs of the escrow arrangements and shall cause those      arrangements to provide that the intended recipient of the payment due to      be deposited first shall be entitled to interest on that deposited payment      for each day in the period of its deposit at the rate offered by the      escrow agent for that day for overnight deposits in the relevant currency      in the office where it holds that deposited payment (at 11:00 a.m. local      time on that day) if that payment is not released by 5:00 p.m. local time      on the date it is deposited for any reason other than the intended      recipient’s failure to make the escrow deposit it is required to make      hereunder in a timely fashion. |
|-----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (i) | WAIVER OF JURY      TRIAL:  EACH PARTY WAIVES, TO THE FULLEST EXTENT PERMITTED BY      APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY      SUIT, ACTION OR PROCEEDING RELATING TO THIS AGREEMENT, ANY CREDIT SUPPORT      DOCUMENT OR ANY TRANSACTION.  EACH PARTY ACKNOWLEDGES THAT IT      AND THE OTHER PARTY HAVE ENTERED INTO THIS AGREEMENT AND ANY CREDIT      SUPPORT DOCUMENT, AS APPLICABLE, IN RELIANCE ON, AMONG OTHER THINGS, THE      MUTUAL WAIVERS IN THISSECTION. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (j) | Telephone      Recording.  Each party (i) consents to the recording of      telephone conversations of trading and marketing personnel of the parties      in connection with this Agreement or any potential or actual Transaction      hereunder; (ii) agrees to obtain any necessary consent of and give notice      of such recording to its trading and marketing personnel; and (iii) agrees      that such recordings may be submitted in evidence in any proceeding      relating to this Agreement, subject to applicable rules of discovery and      evidence. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (k) | Additional      Definitions.  The following definitions shall be added to      Section 14 in their appropriate alphabetical  place: |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------|

----

| (l) | No      Petition.  Party B hereby covenants and agrees that it      will not institute against, or join any other Person in instituting      against, the Lender any bankruptcy, reorganization, arrangement,      insolvency or liquidation proceeding, or other proceeding under any      federal or state bankruptcy or similar law, for one year and one day after      the latest maturing Note issued by the Lender is paid in    full. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (m) | Limited      Recourse.  Notwithstanding anything in this Agreement to      the contrary, the payment obligations of Party A set forth under this      Agreement (including this Schedule and any Confirmation) shall be limited      recourse obligations of Party A and shall be payable only as and to the      extent funds are available for such purpose pursuant to Section 1.4 of the      Loan, Security and Servicing Agreement.  Upon the exhaustion of      all such sources of payment, all further liability of Party A under this      Agreement shall be extinguished, and no further claims shall be made      against Party A in respect thereof. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (n) | Defined      Terms.  Capitalized terms not otherwise defined in this      Agreement will have the meanings ascribed to those terms in the Loan,      Security and Servicing Agreement. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| MINISTRY      PARTNERS FUNDING LLC | BANK      OF MONTREAL |
|------------------------------------|-----------------------|
|                               |                  |
|                               |                  |
| By:                                | By:                   |
|                               |                  |
| Name:                              | Name:                 |
|                               |                  |
| Title:                             | Title:                |
|                               |                  |
| Date:                              | Date:                 |

----