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| TRUSTEE:LaSalle                Bank, National Association 135                S. LaSalle St., Suite 1625 Chicago,                IL 60603Attn:                Edgar Team                                                    | DEPOSITOR:Structured                Asset Securities Corporation II,745                Seventh AvenueNew                York, New York 10019Attention:                David Nass—-LB-UBS 2006-C3                        |
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| MASTER                SERVICER:Wachovia                Bank, National Association 8739                Research Drive, URP4 Charlotte,                NC 28262-1075                Attention:                LBUBS 2006-C3  |                                                                                                                                                                                                                          |
| UNDERWRITERS:Lehman                Brothers, Inc.745                Seventh AvenueNew                York, New York 10019Attention:                David Nass—LB-UBS 2006-C3                                              |  UBS                Securities LLC, 1285Avenue                of the AmericasNew                York, New York 10019Attention:                Robert Pettinatocc:                Robert C. Dinerstein, General Counsel   |
| RATING                AGENCIES:Moody's                Investors Service, Inc. 99                Church Street, 8th Floor New                York, NY 10007 Attn:                Tracey Ferguson                                 |  Standard                & Poor's55                Water Street, 42nd FloorNew                York, New York 10041Attn:                Eric B. Thompson, DirectorStructured                Finance CMBS Surveillance |

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| (i)   | a                review of CWCAM's activities during the period April 10                through December                31, 2006 and of CWCAM's performance under this Agreement has                been made under my supervision; and |
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| (ii)   | to                  the best of my knowledge, based on such review, CWCAM has                  fulfilled all                  of its obligations under this Agreement in all material                  respects throughout                  the period noted above. |
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