|   | · | The      Company’s management is responsible for assessing the Company’s compliance      with the Applicable ServicingCriteria. |
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|   | · | The      Company’s management has assessed compliance with the Applicable Servicing      Criteria.  In making this assessment, management used the      criteria set forth by the Securities and Exchange Commission in paragraph      (d) of Item 1122 of Regulation AB. |
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|   | · | Based      on such assessment, other than as set forth on Appendix A hereto, the      Company has complied, in all material respects, with the Applicable      Servicing Criteria. |
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| 1. | 1122(d)(2)(i) Payments on pool      assets are deposited into the appropriate custodial bank accounts and      related bank clearing accounts no more than two business days following      receipt, or such other number of days specified in the transaction      agreements.  With respect to certain transactions for      which the transaction documents require that funds be deposited into the      custodial bank accounts on the day funds are received by the Company,      funds were not deposited to the custodial bank accounts in accordance with      the terms of the transaction documents.  In a sample of selected      payments on pool assets received by the Company, this finding was      identified once.  In that instance, the funds received were      deposited into the specified custodial account on the day after the day      they were received.  As the one-day delay only impacted      investment income to which the Company was entitled as compensation for      its services as securities administrator, management believes that the      delay did not affect the amount of any payments to any security holder or      to any transaction party other than theCompany. |
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| 2. | 1122(d)(3)(ii) Amounts due to      investors are allocated and remitted in accordance with timeframes,      distribution priority and other terms set forth in the transaction      agreements.  With respect to certain remittances during      the reporting period, amounts due to investors were allocated and remitted      in accordance with distribution priority and other terms set forth in the      transaction agreements, but were not paid timely to    investors. |
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