Document:

Loan Agreement dated as of November 20, 2008

 Exhibit 10.1 
 LOAN AGREEMENT 
 THIS AGREEMENT is made as of the 20th day of November, 2008 
 B E T W E E N: 
  

					
	  	  	 GMAC RESIDENTIAL FUNDING OF CANADA,
 LIMITED, a corporation governed by the laws of
 Canada;
	  	 
			
		  	(the “Borrower”)	  	
			
		  	 - and -
	  	
			
		  	GMAC LLC, a Delaware limited liability company;	  	
			
		  	(the “Lender”)	  	

 RECITALS: 
  

	A.	The Borrower has requested that the Lender make available the Loan. 

  

	B.	The Lender has agreed to provide the Loan to the Borrower on the terms and conditions herein set forth. 

 NOW THEREFORE THIS AGREEMENT WITNESSES that, in consideration of the covenants and agreements herein contained, the parties hereto agree as
follows: 
  

	1.	INTERPRETATION 

  

	 	1.1	Definitions 

 For the purposes of
this Agreement: 
 “1020491” means 1020491 Alberta Ltd., a corporation existing under the laws of Alberta; 
 “Agreement” means this agreement as it may be amended or supplemented from time to time; 
 “Applicable Law” means, in respect of any person, property, transaction or event, all applicable laws, statutes, rules, by-laws and
regulations, and all applicable official directives, orders, judgments and decrees of governmental bodies; 
 “Business Day”
means any day of the year, other than (i) any Saturday or Sunday or (ii) any other day on which banks located in New York, New York, Toronto, Ontario or Calgary, Alberta generally are closed for business. 
 “Default” means any event or condition which, upon notice, lapse of time, or both, would constitute an Event of Default; 
 “Event of Default” has the meaning given to such term in Section 8.1; 

 “Financing Lease” means any lease of property, real or personal, the obligations of the
lessee in respect of which are required in accordance with GAAP to be capitalized on a balance sheet of the lessee; 
 “GAAP”
means generally accepted accounting principles in effect from time to time in Canada applied in a consistent manner from period to period including, without limitation, the accounting recommendations published in the Handbook of the Canadian
Institute of Chartered Accountants, as modified by OSFI requirements; 
 “Indebtedness” means, in respect of any Person at
any date (determined, in the case of any calculation of the amount thereof, without duplication), (a) all indebtedness of such Person for borrowed money and any other indebtedness of such Person which is evidenced by a note, bond, debenture or
similar instrument, (b) all obligations of such Person for the deferred purchase price of property or services (other than current trade liabilities incurred in the ordinary course of business and payable in accordance with customary
practices), (c) all obligations of such Person under Financing Leases, (d) all obligations of such Person in respect of bankers acceptances issued or created for the account of such Person, (e) all obligations (contingent or
otherwise) of such Person as an account party in respect of outstanding letters of credit (whether or not drawn), provided that all obligations of such Person as an account party in respect of outstanding letters of credit (to the extent undrawn)
which support ordinary course of business obligations of such Person shall be excluded from this definition, (f) all liabilities secured by any Lien on any property owned by such Person even though such Person has not assumed or otherwise
become liable for the payment thereof and (g) all guarantee obligations of such Person in respect of any of the obligations described in clauses (a) through (f) of this definition; 
 “Interest Period” means the period from the date of advance of the Loan to the Maturity Date; 
 “Interest Rate” means the Prime Rate plus 3.50%; 
 “Lien” means any lien, pledge, assignment, charge, security interest, hypothec, levy, execution, seizure, attachment, garnishment or other similar encumbrance; 
 “Loan” has the meaning given to such term in Section 2; 
 “Loan Documents” means this Agreement, the Security Documents, and any other agreements, instruments and documents delivered from time to
time (both before and after the date of this Agreement) to the Lender by the Borrower in connection with this Agreement, in each case as amended, restated or replaced from time to time; 
 “Material Adverse Effect” means a material adverse effect upon (a) the financial condition, assets, business or operations of the
Borrower or ResMor, provided, that, for purposes of this Agreement, a Material Adverse Effect shall not include any condition, circumstance, change or effect resulting from (i) conditions, circumstances or changes to the industry or markets in
which the ResMor is operated, (ii) the announcement or disclosure of the transactions contemplated herein, (iii) general economic, regulatory or political conditions or changes in the countries in which ResMor is operated,
(iv) military action or acts of terrorism, (v) changes in Applicable Law after the date hereof, (vi) the filing of ResCap and certain of its U.S. subsidiaries of a voluntary petition for relief under Chapter 11 of the Bankruptcy Code
(as such term is defined in the Purchase Agreement); (vii) compliance with the terms of the Purchase Agreement or (viii) the conditions in or changes to any financial, banking or securities markets (including any disruption thereof and any
decline in the price of any security or market index); and provided, further, that in 

  

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the case of each of clauses (i), (iii), (iv), (v) and (viii), ResMor is not materially disproportionately affected by such condition, circumstance,
change or effect compared to other Persons engaged in the conduct of businesses similar to ResMor , (b) the Borrower’s ability to perform its obligations under any Loan Documents, or (c) the Pledged Securities (as defined in the
Pledge Agreement); 
 “Maturity Date” means the earlier of (i) the Purchase Closing Date, (ii) the date upon which
the Purchase Agreement, in whole or in part, terminates, ceases to be effective or ceases to be a legally valid, binding and enforceable obligation of the Borrower, and (iii) the occurrence of an Event of Default and acceleration of the Loan
and other Obligations hereunder. 
 “Obligations” means all indebtedness, liabilities and other obligations of the Borrower
to the Lender hereunder, or under any other Loan Documents, whether actual or contingent, direct or indirect, matured or not, now existing or arising hereafter; 
 “Person” means any natural person, corporation, limited liability company, unlimited liability company, trust, joint venture, association, company, partnership or other entity; 
 “Pledge Agreement” means the Pledge and Security Agreement dated the date hereof between the Borrower and the Lender; 
 “Pledged Securities” shall have the meaning given to such term in the Pledge Agreement; 
 “Prime Rate” means, at any time, the rate of interest per annum established and reported by Royal Bank of Canada to the Bank of Canada
from time to time as the reference rate of interest for determination of interest rates that Royal Bank of Canada charges at such time to customers of varying degrees of credit worthiness in Canada for Canadian dollar loans made by it in Canada;

 “Purchase Agreement” means the Share Purchase Agreement between the Borrower, as seller and the Lender, as purchaser,
dated as of the date hereof and in the form attached hereto as Exhibit “A”; 
 “Purchase Closing Date” means the
earlier of: (a) the next Business Day after (i) either Lender determines in its reasonable discretion and has notified Borrower and ResCap (or has received a notice from Borrower or ResCap) that (A) an Event of Default under
Section 8.1.5 is likely to occur, or (B) an Event of Default under Section 8.1.7 is likely to occur, and (ii) Lender has notified Borrower that all closing conditions in Article 6 and Article 7 of the Purchase Agreement have been
satisfied or waived; or (b) December 22, 2008 or such earlier date as Lender and Borrower agree; 
 “Purchase
Price” shall have the meaning given to such term in the Purchase Agreement; 
 “RCC” means ResMor Capital
Corporation, a corporation existing under the laws of Alberta; 
 “ResMor” means ResMor Trust Company, a Canadian federally
incorporated trust company; 
 “ResCap” means Residential Capital, LLC, a Delaware limited liability corporation;

 “ResCap Entities” means ResCap, GMAC RFC Holding Co. LLC, Residential Funding Capital LLC, Passive Asset Transactions,
LLC, RFC Asset Holdings II, LLC, Residential Funding Company, LLC, 1020492, RCC, ResMor and GMAC Mortgage, LLC; 
  

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 “Senior Debt Loan Agreement” means the Loan Agreement dated as of June 4, 2008 by
and among Residential Funding Company, LLC and GMAC Mortgage, LLC as borrowers, ResCap as guarantor and certain other affiliates of the borrowers as guarantors thereto, Lender as initial lender and as lender agent and certain other financial
institutions and persons from time to time party thereto as lenders; 
 “Security Documents” means the Pledge Agreement and
any other agreements and instruments delivered from time to time (both before and after the date of this Agreement) by the Borrower to the Lender for the purpose of securing payment or performance of the Obligations, in each case as amended,
restated or replaced from time to time; 
 “Taxes” means all present or future taxes, levies, imposts, duties, deductions,
withholdings, assessments, fees or other charges imposed by any governmental authority, including any interest, additions to tax or penalties applicable thereto. 
  

	 	1.2	Invalidity, etc. 

 Each of the
provisions contained in this Agreement is distinct and severable and a declaration of invalidity, illegality or unenforceability of any such provision or part thereof by a court of competent jurisdiction shall not affect the validity or
enforceability of any other provision hereof. 
  

	 	1.3	Currency 

 All monetary amounts in
this Agreement are stated in Canadian dollars. 
  

	 	1.4	Governing Law 

 This Agreement shall
be governed by and construed in accordance with the laws of the Province of Ontario and the laws of Canada applicable therein. 
  

	 	1.5	This Agreement to Govern 

 If there
is any inconsistency between the terms of this Agreement and the terms of any other Loan Document, the provisions hereof shall govern to the extent of the inconsistency. 
  

	2.	THE LOAN 

  

	 	2.1	The Loan 

 Subject to the terms and
conditions of this Agreement, the Lender hereby agrees to lend to the Borrower $82,000,000 (the “Loan”) on or before November 20th, 2008 by way of one cash advance to the Borrower’s bank account pursuant to wire
instructions provided by the Borrower to the Lender. 
  

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	 	2.2	Satisfaction of the Loan by Way of Repayment or Set-Off 

 The outstanding principal amount of the Loan, together with all accrued and unpaid interest and other amounts payable under this Agreement, shall be due and payable in full on the Maturity Date. If the Maturity Date
is the Purchase Closing Date, all accrued and unpaid interest and other amounts payable under this Agreement (other than principal) shall be due and payable in full in cash on such date and the outstanding principal amount of the Loan shall be
set-off and applied to or for the credit or account of the Lender against the Purchase Price in full satisfaction of such Purchase Price in accordance with the Purchase Agreement on such Purchase Closing Date and such set-off and application shall
constitute permanent reduction and cancellation of the entire principal amount of the Loan, in full satisfaction thereof. 
  

	 	2.3	Not Revolving 

 The Loan shall not
revolve and all prepayments of the Loan shall constitute permanent reductions of the principal amount of the Loan and may not be reborrowed. 
  

	 	2.4	Evidence of Obligations 

 The Lender
shall maintain an account evidencing the indebtedness and liabilities of the Borrower hereunder and the amounts of principal, interest and other amounts owing and paid from time to time hereunder. In any legal action or proceeding in respect of this
Agreement, the entries made in such account shall be conclusive evidence of the existence and amounts of the obligations of the Borrower therein recorded, absent manifest error. 
  

	 	2.5	Manner of Payment 

 All payments of
principal, interest or other amounts payable hereunder by the Borrower shall be made on the dates specified herein (which if not a Business Day, shall be the next following Business Day) unless otherwise stipulated by means of electronic funds
transfer into an account of the Lender specified by the Lender or in such other manner as the Lender may from time to time specify to the Borrower. 
  

	3.	INTEREST, FEES AND EXPENSES 

  

	 	3.1	The Loan shall bear interest at the Interest Rate 

 Interest on the outstanding principal amount of the Loan shall accrue from day to day from and including the date hereof to but excluding the date that the Loan is repaid in full, and shall be calculated on the basis
of the number of days elapsed and on the basis of a year of 365 or 366 days, as the case may be, and shall be paid to the Lender in arrears on the Maturity Date and the last day of each calendar month thereafter, if applicable, provided that if such
day is not a Business Day, such payment will be made on the next following Business Day. 
  

	 	3.2	Withholding Taxes 

 The Borrower
shall pay to the Lender an additional amount in respect of any applicable withholding taxes payable under the Income Tax Act (Canada) on interest hereunder so that the Lender receives the same amount the Lender would have received absent such
withholding; provided that the rate of withholding taxes applicable shall be deemed to be 50% of the actual rate to reflect that the Lender and the Borrower shall bear such withholding taxes equally (50/50). 
  

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	 	3.3	Indemnity 

 The Borrower shall
indemnify the Lender for all losses, costs, expenses, damages and liabilities which the Lender may sustain or incur as a consequence of any default by the Borrower (i) hereunder or (ii) under any other Loan Document. A certificate of the
Lender setting forth the amounts necessary to indemnify the Lender in respect of such losses, costs, expenses, damages or liabilities shall be conclusive evidence of the amounts owing under this Section 3.2, absent manifest error acting
reasonably. 
  

	4.	SECURITY 

  

	 	4.1	Security 

 As security in favour of
the Lender for the Obligations, the Borrower shall deliver the Security Documents, which shall be executed and delivered in form and substance satisfactory to the Lender, acting reasonably. 
  

	 	4.2	Limited Recourse 

 Notwithstanding
anything contained herein or in any other Loan Documents to the contrary, the recourse of the Lender against the Borrower under the Loan Documents in respect of the Obligations shall be strictly limited to the Pledged Securities and Lender shall
have no further rights or remedies against Borrower in respect of the principal amount of the Loan; provided that, for greater certainty, nothing herein shall restrict the Lender’s rights and remedies in respect of realizing on such Pledged
Securities as provided for under the Pledge Agreement or under Applicable Law. 
  

	 	4.3	Security Effective Notwithstanding Date of Advance 

 The Liens created under the Security Documents shall be effective and the undertakings in the Loan Documents in respect thereto shall be continuing, whether the Loan or any part thereof shall be advanced before or
after or at the same time as the creation of any such Liens or before or after or upon the date of execution of this Agreement. The Security Documents shall constitute continuing security to the Lender for the Obligations from time to time.

  

	 	4.4	Further Assurances - Security 

 The
Borrower shall execute and deliver to the Lender such other, additional or supplemental security agreements, instruments and financing statements as the Lender may at any time or from time to time hereafter reasonably request in connection with its
Lien over the Pledged Securities, in each case in form and substance satisfactory to the Lender. 
  

	5.	REPRESENTATIONS AND WARRANTIES 

  

	 	5.1	Representations and Warranties 

 The Borrower
represents and warrants to the Lender as follows: 
 5.1.1 Authority of Borrower. It is a corporation organized and existing under the
laws of Canada. Borrower has good and sufficient company power, authority and right to enter into and deliver this Agreement and to complete the transactions to be completed by it hereunder; 
  

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 5.1.2 Due Authorization and Execution; Enforceability. It has taken all necessary action to
authorize the execution, delivery and performance of the Loan Documents to which it is a party and each Loan Document has been, or upon execution and delivery will be, duly executed and delivered by it. This Agreement constitutes a valid and legally
binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms, except as such enforceability may be limited by principles of public policy and subject to the laws of general application relating to bankruptcy,
insolvency, and the relief of debtors and to rules of law governing specific performance, injunctive relief and other equitable remedies. The Borrower is not a non-resident of Canada within the meaning of the Income Tax Act (Canada); 
 5.1.3 No Contravention. The execution and delivery of the Loan Documents to which it is a party and the performance by it of its obligations
thereunder does not and will not contravene, breach or result in any default under its articles, bylaws or any of its other constating documents, any material contract to which it is a party, or any Applicable Law; 
 5.1.4 No Consents Required. Other than such filings as are necessary to perfect the security interests granted to the Lender under the Security
Documents, no authorization, consent or approval of, or filing with or notice to, any person (including any governmental body) is required in connection with the making of the Loan or the execution, delivery or performance by it of any of the Loan
Documents to which it is party; and 
 5.1.5 No Default. No Default or Event of Default (other than a Default or Event of Default under
Section 8.1.5) has occurred and is continuing or would result from the advance of the Loan and, to the best of the Borrower’s knowledge, no Default or Event of Default under Section 8.1.5 has occurred and is continuing or would result
from the advance of the Loan. 
  

	 	5.2	Survival of Representations and Warranties 

 The representations and warranties made by the Borrower in this Article 5 shall survive execution and delivery of this Agreement. 
  

	6.	COVENANTS 

  

	 	6.1	Affirmative Covenants 

 So long as
any Obligations remain outstanding, the Borrower covenants and agrees that: 
 6.1.1 Punctual Payment. It shall pay or cause to be paid
all Obligations falling due hereunder on the dates and in the manner specified herein; 
 6.1.2 Use of Proceeds. It shall use the
proceeds of the Loan to repay existing Indebtedness due to ResCap or any of its subsidiaries; 
  

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 6.1.3 Changes. Provide the Lender with 10 days’ advance notice of any change of name or any
change in the location of its chief executive office or any material tangible assets; 
 6.1.4 Existence. It shall do or cause to be
done all things necessary or desirable to maintain its corporate existence and its corporate power and capacity to own its property and assets; 
 6.1.5 Compliance with Applicable Law and Contracts. It shall carry on and conduct its business in a proper and efficient manner and shall comply in all material respects with the requirements of all Applicable Law, and all material
contracts to which it is a party or by which it is bound; 
 6.1.6 Notice of Litigation and Other Matters. It shall, as soon as
practicable after it shall become aware of the same, give notice to the Lender of the following events: 
 6.1.6.1 the commencement of any
court, administrative, regulatory or similar investigation or proceeding against or affecting it which could reasonably be expected to have a Material Adverse Effect; 
 6.1.6.2 any material change in its business or any other development which could reasonably be expected to have a Material Adverse Effect; and 
 6.1.6.3 any Default or Event of Default, or any default or event of default or demand for repayment under any other agreements if the consequence of such
default or the loss or termination of such agreement could reasonably be expected to have a Material Adverse Effect, 
 giving in each case
the details thereof and specifying the action proposed to be taken with respect thereto; 
 6.1.7 Fairness Opinion. It shall use its
best efforts to obtain, or cause ResCap to obtain, no later than December 5, 2008, a written opinion of Goldin Associates, LLC, addressed to the independent members of the board of directors of ResCap, as to the fairness to ResCap, from a
financial point of view, of the consideration to be received by ResCap, directly or through one or more if its subsidiaries, from the sale of the Trust Shares (as defined in the Purchase Agreement) to the Lender pursuant to the terms of the Purchase
Agreement; and 
 6.1.8 Payment of Taxes. It shall pay, discharge or otherwise satisfy at or before they become delinquent, all its tax
liabilities, except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings and reserves in conformity with GAAP with respect thereto have been provided on the books of the Borrower. 
  

	 	6.2	Lender Entitled to Perform Covenants 

 If the Borrower fails to perform any covenant contained in Section 6.1 the Lender may, in its discretion, perform any such covenant capable of being performed by it and if any such covenant requires the payment of money the Lender may
make such payments. All sums so expended by the Lender shall be deemed to form part of the Obligations, shall bear interest at the same rate as the Loan from time to time and shall be payable by the Borrower on demand. 
  

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	 	6.3	Negative Covenants 

 So long as any
Obligations remain outstanding, the Borrower covenants and agrees that it shall not: 
 6.3.1 Amalgamations, etc. enter into any
transaction (including by way of reorganization, consolidation, amalgamation, liquidation or otherwise) whereby all or any portion of its property and assets would become the property of any other person; 
 6.3.2 Limits on Sale. dispose of, or permit 1020491, RCC or ResMor to dispose of its business or assets out of the ordinary course of business,
except in accordance with the Purchase Agreement or with the consent of the Lender in writing; 
 6.3.3 Material Adverse Change. take,
or omit to take, any action, if the result of such action or failure to take action could reasonably be expected to have a Material Adverse Effect; and 
 6.3.4 Indebtedness: create, incur, assume or suffer to exist any Indebtedness, other than Indebtedness incurred in the ordinary course of business not exceeding $250,000 in the aggregate. 
  

	7.	CONDITIONS 

  

	 	7.1	Conditions Precedent to the Loan 

 The Lender shall be satisfied that each of the following conditions precedent has been satisfied prior to the first advance of the Loan, which conditions precedent are for the sole and exclusive benefit of the Lender and may be waived in
writing by the Lender in its sole discretion: 
 7.1.1 the representations and warranties set out in Article 5 shall be true and correct on
the date of the advance of the Loan as if made on and as of such date; 
 7.1.2 no Default or Event of Default shall have occurred and be
continuing; 
 7.1.3 the Lender shall have received the following in form and substance satisfactory to it: 
 7.1.3.1 the Pledge Agreement; 
 7.1.3.2
share certificates, duly endorsed in blank or with duly executed transfer powers of attorney, representing the Pledged Securities; 
 7.1.3.3
a certified copy of a letter from ResCap to the Borrower, in form and substance satisfactory to the Lender, acting reasonably, confirming that (i) the execution and delivery of the Loan Documents by the Borrower does not contravene, breach or
result in a default under any material contract to which any ResCap Entity is a party or by which any ResCap Entity is bound, and (ii) neither 

  

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it nor any of its subsidiaries shall make any demand for repayment of any Indebtedness owing by the Borrower to ResCap or any subsidiary until the Loan has
been fully repaid or otherwise completely satisfied in accordance herewith; 
 7.1.3.4 a certificate of a senior officer of Borrower
certifying (i) copies of its articles and bylaws, (ii) resolution of the Board of Directors approving the Loan Agreement and Pledge and Security Agreement; and (iii) incumbency of officers. 
 7.1.3.5 a certified copy of a resolution of the board of directors or shareholders of each of RCC and 1020491 approving the pledge of the Pledged
Securities and authorizing their transfer by the Lender pursuant to the Pledge Agreement; 
 7.1.3.6 The Purchase Agreement shall have been
executed and delivered by all parties thereto; and 
 7.1.3.7 such other documents, agreements and instruments as the Lender may reasonably
require. 
  

	 	7.2	Conditions Subsequent 

 The Borrower
shall deliver an opinion of counsel to the Borrower acceptable to the Lender and Lender’s counsel, acting reasonably, as to matters relating to the Borrower and the Loan Documents (but not with respect to enforceability of the Loan Documents
against the Borrower) not later than November 21, 2008. 
  

	8.	EVENTS OF DEFAULT AND REMEDIES 

  

	 	8.1	Events of Default 

 The occurrence
of any of the following events shall constitute an Event of Default: 
 8.1.1 default by the Borrower in payment when due, by demand or
otherwise, of any payment of principal or interest on the Loan; 
 8.1.2 default by the Borrower under any of the covenants in Sections 6.3;

 8.1.3 default by the Borrower in the performance or observance of any other covenant, condition or obligation contained in any Loan
Document unless such default, if capable of being remedied, is remedied within 3 Business Days after the occurrence thereof; 
 8.1.4 any
representation or warranty made by the Borrower in any Loan Document is found to be false or incorrect in any way so as to make it materially misleading when made or deemed to have been made unless such default, if capable of being remedied, is
remedied within 10 days after the occurrence thereof; 
 8.1.5 the Borrower or any ResCap Entity shall (i) default in any payment of
principal of or interest on any Indebtedness created under any credit or funding agreement or indenture entered into with any counterparty other than the Lender or any of 

  

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its affiliates, beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness was created including, without
limitation, pursuant to any Bilateral Facility (as defined in the Senior Debt Loan Agreement); or (ii) default in the observance or performance of any other agreement or condition relating to any such Indebtedness beyond the period of grace, if
any provided in such agreement or condition or (iii) default in the observance or performance of any instrument or agreement evidencing, securing or relating thereto beyond the period of grace, if any provided in such instrument or agreement),
or any other event shall occur or condition exist, the effect of which default or other event or condition after the expiry of any period of grace, if any, is to permit the holder or holders of such Indebtedness to cause, with the giving of notice
if required, such Indebtedness to become due prior to its stated maturity; provided, however, that no Default or Event of Default shall exist under this paragraph unless the aggregate amount of Indebtedness in respect of which any defaults or other
events or conditions referred to in this paragraph shall have occurred shall be equal to at least US$10,000,000 (or the equivalent thereof in another currency); 
 8.1.6 the Borrower or any ResCap Entity admits, or the shareholders or board of directors of the Borrower or any ResCap Entity resolves that the Borrower or such ResCap Entity shall admit, its inability to pay its
debts generally as they become due or the Borrower or any ResCap Entity otherwise acknowledges its insolvency; 
 8.1.7 the Borrower or any
ResCap Entity institutes any proceeding, or the shareholders or board of directors of the Borrower or any other ResCap Entity resolves that any proceeding should be instituted, or any proceeding is commenced against or involving the Borrower or any
ResCap Entity: 
 8.1.7.1 seeking to adjudicate it as bankrupt or insolvent; 
 8.1.7.2 seeking liquidation, dissolution, winding up, reorganization, arrangement, protection or relief of it or any of its properties or assets or debts
or making a proposal with respect to it under any law relating to bankruptcy, insolvency, compromise of debts or other similar laws; or 
 8.1.7.3 seeking appointment of a receiver, trustee in bankruptcy, agent, custodian or other similar official for it or for any material part of its properties and assets; 
 and, in the case of any proceeding not instituted by the Borrower or any ResCap Entity, such proceeding is not being contested in good faith by
appropriate proceedings or, if so contested, remains outstanding, undismissed and unstayed more than 30 days from the institution of such first mentioned proceeding; 
 8.1.8 any execution, distress or other enforcement process, whether by court order or otherwise, becomes enforceable against the Pledged Securities or any other property or asset of the Borrower or any ResCap Entity
in excess of $500,000 and such execution, distress or other enforcement process is not stayed within 30 days of notice; and 
 8.1.9 the
Borrower shall fail to complete the sale of the Pledged Securities on the Purchase Closing Date or the Borrower or any ResCap Entity shall contest in any manner the effectiveness, validity, binding nature or enforceability of the Purchase Agreement
(other than as a result of the termination thereof). 
  

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	 	8.2	Remedies Upon Default 

 Upon the
occurrence of any Event of Default, the Lender may provide notice of such Event of Default and declare the Obligations to be forthwith due and payable and such notice and declaration shall be delivered in writing to the Borrower by not later than
2pm on the day of such occurrence or any day subsequent thereto provided that, if such notice is delivered after 2pm on any such day, it shall deemed to be delivered on the day immediately following such delivery (the “Default Notice
Date”). On the first Business Day immediately following the Default Notice Date, the Borrower shall, by not later than 2pm on such Business Day, either (i) pay such Obligations in full in cash or (ii) complete the sale of the
Pledged Securities in accordance with the Purchase Agreement, and if the Borrower fails to do so by such time, the Lender may immediately realize upon all of the Pledged Securities, pursuant to the Security Documents, without, except as may be
required by Applicable Law, any additional notice, presentment, demand, protest, notice of protest, dishonour or any other action. Lender’s realization of the Pledged Securities shall constitute full satisfaction of the entire principal amount
of the Loan, and Lender shall have no further rights or remedies against Borrower in respect of the principal amount of the Loan, in accordance with Section 4.2 hereof. 
  

	 	8.3	Distributions 

 All distributions
under or in respect of any of the security granted pursuant to the Pledge Agreement shall be applied by the Lender on account of the Obligations without prejudice to any claim by the Lender for any deficiency after such distributions are received by
the Lender. All such distributions shall be applied to such part of the Obligations as is determined by the Lender in its discretion acting reasonably. 
  

	9.	GENERAL 

  

	 	9.1	Amendment and Waiver 

 9.1.1 No amendment or waiver
of any provision of any Loan Document or consent to any departure by the Borrower from any provision thereof is effective unless it is in writing and signed by an officer of the Lender. Such amendment, waiver or consent shall be effective only in
the specific instance and for the specific purpose for which it is given. 
  

	 	9.2	Notices 

 9.2.1 Any notice or other communication
required or permitted to be given to the Borrower hereunder shall be in writing and shall be given by facsimile, other electronic means or by hand-delivery as hereinafter provided. Any such notice, if sent by facsimile, shall be deemed to have been
received on the Business Day after the day of sending, or if delivered by hand shall be deemed to have been received at the time it is delivered to the applicable address noted below. Notice of change of address shall also be governed by this
Section. Notices and other communications the Borrower shall be addressed as follows: 
 GMAC RESIDENTIAL FUNDING OF CANADA, LIMITED

 3250 Bloor Street West 
 East
Tower, Suite 1400 
 Etobicoke, ON M8X 2X9 
 Attention: Michele McCarthy 
 Telephone: 416.734-3067 
 Facsimile: 416.772-6175 
  

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 with a copy to: 
 Skadden, Arps, Slate, Meagher & Flom LLP 
 One Rodney Square 
 P.O. Box 636 
 Wilmington, Delaware 19899-0636

 Attention: Allison L. Land, Esq. 
 Telephone: 302.651.3180 
 Facsimile: 888.329.3021 
 9.2.2 Any notice or other communication required or permitted to be given to the Lender hereunder shall be in writing and shall be given by facsimile, other electronic means or by hand-delivery as hereinafter
provided. Any such notice, if sent by facsimile, shall be deemed to have been received on the Business Day after the day of sending, or if delivered by hand shall be deemed to have been received at the time it is delivered to the applicable address
noted below. Notice of change of address shall also be governed by this Section. Notices and other communications the Lender shall be addressed as follows: 
 GMAC LLC 
 200 Renaissance Center 
 Detroit Michigan, MI 48235 
 Attention:
General Counsel 
 Telephone: 313.656-6128 
 Facsimile No. 313.656.6189 
 with a copy to: 
 Mayer Brown LLP 
 71 South Wacker Drive

 Chicago, Illinois 60606 
 Attention: Elizabeth A. Raymond, Esq. 
 Telephone: 312.701.7322 
 Facsimile: 312.701.7711 
  

 13 

 and a copy to: 
 Torys LLP 
 79 Wellington Street West, Suite 3000 
 Toronto, Ontario, M5K 1N2 Canada 
 Attention:
Blair W. Keefe 
 Telephone: 416.865.8164 
 Facsimile: 416.865.7380 
  

	 	9.3	Further Assurances 

 Whether before
or after the happening of an Event of Default, the Borrower shall at its own expense do, make, execute or deliver all such further acts, documents and things in connection with the Loan and the Loan Documents as the Lender may reasonably require
from time to time for the purpose of giving effect to the Loan Documents, all promptly upon the reasonable request of the Lender. 
  

	 	9.4	Assignment 

 This Agreement and the
other Loan Documents shall enure to the benefit of and be binding upon the parties hereto and thereto, their respective successors and any permitted assigns. The Borrower shall not assign all or any part of its rights or benefits under this
Agreement. 
  

	 	9.5	Counterparts 

 This Agreement may be
signed in any number of counterparts, each of which shall be deemed to be an original, but all such separate counterparts shall together constitute one and the same instrument. 
  

	 	9.6	Entire Agreement 

 The Loan
Documents constitute the entire agreement between the parties hereto pertaining to the matters therein set forth and supersede and replace any prior understandings or arrangements pertaining to the Loan. There are no warranties, representations or
agreements between the parties in connection with such matters except as specifically set forth or referred to in the Loan Documents. 
 (Remainder of this page intentionally left blank) 
  

 14 

 IN WITNESS WHEREOF this Agreement has been executed by the parties hereto as of the date first written above. 

BORROWER: 
  

			
	GMAC RESIDENTIAL FUNDING OF CANADA, LIMITED
		
	By:	 	/s/ Tracie Tesser
		 	Name: Tracie Tesser
		 	Title: President

 LENDER: 
  

			
	GMAC LLC
		
	By:	 	/s/ David C. Walker
		 	Name: David C. Walker
		 	Title: Group Vice President and Treasurer

  

 15 

 Execution Version 
 EXHIBIT “A” 
 PURCHASE AGREEMENT 

 SHARE PURCHASE AGREEMENT 
 between 
 GMAC RESIDENTIAL FUNDING OF CANADA, LIMITED, 
 as Seller 
 and 
 GMAC LLC, 
 as Purchaser 
 November 20, 2008 
  

 ii 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	 ARTICLE 1. DEFINITIONS; INTERPRETATION
	  	1
			
	 1.1
	  	Definitions	  	1
			
	 1.2
	  	Interpretation	  	9
		
	 ARTICLE 2. PURCHASE AND SALE
	  	10
			
	 2.1
	  	Purchase of Shares	  	10
			
	 2.2
	  	Purchase Price	  	10
			
	 2.3
	  	Closing	  	10
			
	 2.4
	  	Deliveries of Seller	  	10
			
	 2.5
	  	Deliveries of Purchaser	  	11
		
	 ARTICLE 3. REPRESENTATIONS AND WARRANTIES OF SELLER
	  	11
			
	 3.1
	  	Authority	  	11
			
	 3.2
	  	Ownership of the Shares	  	12
			
	 3.3
	  	Regulatory Matters	  	13
			
	 3.4
	  	Financial Statements	  	13
			
	 3.5
	  	Tax	  	14
			
	 3.6
	  	Contracts	  	15
			
	 3.7
	  	Securitizations	  	16
			
	 3.8
	  	Master Servicing Agreements and Master Mortgage Loan Purchase Agreements	  	17
			
	 3.9
	  	Mortgages	  	18
			
	 3.10
	  	Deposits	  	19
			
	 3.11
	  	Intellectual Property	  	19
			
	 3.12
	  	Employee Benefit Plans	  	20
			
	 3.13
	  	Employees	  	21
			
	 3.14
	  	Realty	  	22

  

 -i- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
	 3.15
	  	Environmental	  	22
			
	 3.16
	  	No Material Adverse Change	  	22
			
	 3.17
	  	Litigation	  	22
			
	 3.18
	  	Prior Purchase Agreement	  	22
			
	 3.19
	  	Brokers or Finders	  	22
		
	ARTICLE 4. REPRESENTATIONS AND WARRANTIES OF PURCHASER	  	23
			
	 4.1
	  	Authority of Purchaser	  	23
			
	 4.2
	  	Consents and Approvals	  	23
			
	 4.3
	  	Financing	  	23
			
	 4.4
	  	Brokers and Finders	  	23
		
	ARTICLE 5. COVENANTS	  	24
			
	 5.1
	  	Subsequent Actions	  	24
			
	 5.2
	  	Third Party Consents	  	24
			
	 5.3
	  	Access to Information	  	24
			
	 5.4
	  	Records; Post-Closing Access to Information	  	25
			
	 5.5
	  	Rights under Prior Purchase Agreement	  	25
			
	 5.6
	  	Interim Operations of ResMor Trust	  	26
			
	 5.7
	  	[Intentionally Omitted]	  	27
			
	 5.8
	  	Auto Finance; Canadian Regulatory	  	27
			
	 5.9
	  	Supplements to Disclosures	  	27
			
	 5.10
	  	Payment	  	28
			
	 5.11
	  	Fairness Opinions	  	28
		
	ARTICLE 6. CONDITIONS PRECEDENT TO OBLIGATIONS OF PURCHASER	  	28
			
	 6.1
	  	Warranties True as of Closing Date	  	28

  

 -ii- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
	 6.2
	  	Compliance with Covenants	  	29
			
	 6.3
	  	Deliveries by Seller	  	29
			
	 6.4
	  	Injunctions	  	29
			
	 6.5
	  	Laws	  	29
			
	 6.6
	  	Fairness Opinion	  	29
			
	 6.7
	  	Supplements to Written Disclosures	  	29
		
	ARTICLE 7. CONDITIONS PRECEDENT TO OBLIGATIONS OF SELLER	  	30
			
	 7.1
	  	Warranties True as of Closing Date	  	30
			
	 7.2
	  	Compliance with Covenants	  	30
			
	 7.3
	  	Deliveries by Purchaser	  	30
			
	 7.4
	  	Injunctions	  	30
			
	 7.5
	  	Laws	  	30
			
	 7.6
	  	Fairness Opinion	  	30
		
	ARTICLE 8. SURVIVAL AND INDEMNIFICATION	  	31
			
	 8.1
	  	Survival	  	31
			
	 8.2
	  	Indemnification by Seller	  	31
			
	 8.3
	  	Indemnification by Purchaser	  	31
			
	 8.4
	  	Limitations on Liability	  	32
			
	 8.5
	  	Claims	  	33
			
	 8.6
	  	Notice of Third Party Claims; Assumption of Defense	  	33
			
	 8.7
	  	Settlement or Compromise	  	34
			
	 8.8
	  	Net Losses; Subrogation; Mitigation	  	34
			
	 8.9
	  	Special Rule for Fraud	  	35

  

 -iii- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
	ARTICLE 9. TAX MATTERS	  	35
			
	 9.1
	  	Transfer Taxes	  	35
			
	 9.2
	  	Liability for Taxes and Related Matters	  	35
			
	 9.3
	  	Cooperation	  	36
			
	 9.4
	  	Tax Returns	  	36
		
	ARTICLE 10. TERMINATION	  	36
			
	 10.1
	  	Termination	  	36
			
	 10.2
	  	Procedure and Effect of Termination	  	37
		
	ARTICLE 11. MISCELLANEOUS	  	37
			
	 11.1
	  	Expenses	  	37
			
	 11.2
	  	Amendment	  	37
			
	 11.3
	  	Notices	  	37
			
	 11.4
	  	Waivers	  	39
			
	 11.5
	  	Counterparts	  	39
			
	 11.6
	  	Headings	  	39
			
	 11.7
	  	Applicable Law	  	39
			
	 11.8
	  	Assignment	  	39
			
	 11.9
	  	No Third Party Beneficiaries	  	40
			
	 11.10
	  	Waiver of Jury Trial	  	40
			
	 11.11
	  	Written Disclosures	  	40
			
	 11.12
	  	Time of Essence	  	40
			
	 11.13
	  	Incorporation	  	40
			
	 11.14
	  	Complete Agreement	  	40
			
	 11.15
	  	Disclaimer	  	40
			
	 11.16
	  	Public Announcements	  	41

  

 -iv- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
	 11.17
	  	Specific Performance	  	41
			
	 11.18
	  	Further Assurances	  	41

  

 -v- 

			
	Exhibits	  	
		
	Exhibit A	  	Employee Leasing Agreement
	Exhibit B	  	Prior Rights Assignment
	Exhibit C	  	Transition Services Agreement
	Exhibit D	  	Termination Agreement
	Exhibit E	  	Escrow Agreement

  

 i 

 SHARE PURCHASE AGREEMENT 
 This SHARE PURCHASE AGREEMENT is entered into on the 20th day of November, 2008 between GMAC Residential Funding of Canada, Limited, a company organized under the laws of Canada (“Seller”), and GMAC LLC, a Delaware limited
liability company (“Purchaser”). 
 WHEREAS, Seller owns all of the issued and outstanding shares (the “1020491
Shares”) of 1020491 Alberta Ltd., a corporation existing under the laws of Alberta (“1020491”); 
 WHEREAS, Seller
and 1020491 own all of the issued and outstanding shares (the “RCC Shares;” the RCC Shares owned by Seller together with the 1020491 Shares are referred to herein as the “Shares”) of ResMor Capital Corporation, a
corporation existing under the laws of Alberta (“RCC”); 
 WHEREAS, RCC owns all of the issued and outstanding shares (the
“Trust Shares”) of ResMor Trust Company, a Canadian federally incorporated trust company (“ResMor Trust”); 
 WHEREAS, simultaneously with and as a condition to the execution and delivery of this Agreement, Seller, as borrower, is entering into a Loan Agreement and a Pledge and Security Agreement, each dated as of the date hereof (the “Loan
Agreements”), with Purchaser as lender; 
 WHEREAS, upon the terms and subject to the conditions set forth in this Agreement, Seller
desires to sell, assign and transfer to Purchaser, and Purchaser desires to purchase from Seller, and take assignment and delivery of, the Shares; 
 NOW, THEREFORE, in consideration of the premises and the mutual promises herein contained, Seller and Purchaser agree as follows: 
 ARTICLE 1. 
 DEFINITIONS; INTERPRETATION 
 1.1 Definitions. The following terms shall have the following meanings for the purposes of this Agreement: 
 “1020491” shall have the meaning set forth in the preamble. 
 “1020491 Shares” shall have the
meaning set forth in the preamble. 
 “Affiliate” means any Person controlling, controlled by or under common control with
another “Person.” For purposes of this definition only, “control” shall mean the ownership, directly or indirectly, of 50% or more of the outstanding common stock or other equity interest of a Person. Seller and Purchaser shall
not be deemed Affiliates for purposes of this Agreement. 
 “Agreement” means this Share Purchase Agreement, including all
Exhibits hereto. 
 “Bankruptcy Code” means Chapter 11 of Title 11, U.S.C. §§101 et seq., as amended. 

 “Basket Amount” shall have the meaning set forth in Section 8.4(a).

 “Benefit Plans” shall have the meaning set forth in Section 3.12. 
 “Business Day” means any day of the year, other than (i) any Saturday or Sunday or (ii) any other day on which banks located
in New York, New York, Toronto, Ontario or Calgary, Alberta generally are closed for business. 
 “Canadian GAAP” means
generally accepted accounting principles from time to time approved by the Canadian Institute of Chartered Accountants, or any successor institution. 
 “CMHC” means the Canada Mortgage and Housing Corporation. 
 “CDIC” means
the Canada Deposit Insurance Corporation. 
 “Closing” means the closing of the transactions contemplated hereby.

 “Closing Date” shall have the meaning set forth in Section 2.3. 
 “Computer Equipment” means all equipment and devices (including data processing hardware and related telecommunications equipment,
media, and tools) used by ResMor Trust in the conduct of its business, including ResMor Trust’s rights under all related warranties. 
 “Consents” shall have the meaning set forth in Section 5.2. 
 “Contract” means, with
respect to any Person, any agreement, commitment, arrangement, undertaking, contract, obligation, promise, indenture, deed of trust or other similar instrument (whether written or oral and whether express or implied) by which that Person, or any of
its properties or assets, is legally bound. 
 “Credit and Collection Policy” means all mortgage loan credit, collection and
administrative policies and procedures of ResMor Trust in effect on the date of this Agreement. 
 “Customer Agreement”
means the loan and deposit agreement and servicing agreements of ResMor Trust. 
 “Deposit Broker” means a deposit broker
that has signed an agency contract with ResMor Trust substantially in the form of ResMor Trust’s standard form agency contract. 
 “Deposit Customer” means customers who have purchased a guaranteed investment certificate through ResMor Trust. 
 “Derivative Transaction” means any Contract of any Person in respect of a commodity, hedging, derivative, interest rate, swap, cap, floor other interest rate risk management agreement. 
 “Employee Leasing Agreement” means the Employee Leasing Agreement in the form set forth as Exhibit A hereto, pursuant to which
certain employees of ResCap shall provide services to ResMor Trust from the Closing Date through the term specified in the Employee Leasing Agreement. 
  

 2 

 “Enforceability Exceptions” shall have the meaning set forth in
Section 3.1(a). 
 “Environmental Law” means any Law relating to the environment, including those pertaining to
(i) reporting, licensing, permitting, investigating, remediating and cleaning up in connection with any presence or Release, or the threat of the same, of Hazardous Substances, and (ii) the manufacture, processing, distribution, use,
treatment, storage, disposal, transport, handling and the like of Hazardous Substances, including those pertaining to occupational health and safety. 
 “Escrow Agreement” means the Escrow Agreement, to be executed and delivered as of the date hereof, by Seller and Purchaser in the form set forth on Exhibit E attached hereto. 
 “Event of Default” shall have the meaning ascribed to such term in the Loan Agreements. 
 “Financial Statements” shall have the meaning set forth in Section 3.4(a). 
 “Genworth” means Genworth Financial Mortgage Insurance Company Canada. 
 “Governmental Authority” means any U.S., Canadian, state, provincial or municipal entity, any foreign government and any political
subdivision or other executive, legislative, administrative, judicial, quasi-judicial or other governmental department, commission, court, board, bureau, agency or instrumentality, domestic or foreign. 
 “Hazardous Substance” means any substance or material that is prohibited, controlled or regulated by any Governmental Authority pursuant
to environmental laws, including pollutants, contaminants, dangerous goods or substances, toxic or hazardous substances or materials, wastes (including solid non-hazardous wastes and subject wastes), petroleum and its derivatives and by-products and
other hydrocarbons, all as defined in or regulated pursuant to any Environmental Law. 
 “Indemnification Cap” shall have
the meaning set forth in Section 8.4(b). 
 “Indemnified Person” means the Person or Persons entitled to, or
claiming a right to, indemnification under Article 8. 
 “Intellectual Property” means domestic and foreign
(i) registered and unregistered trade names, trademarks, service marks, applications for trademarks and applications for service marks, (ii) patent registrations and patent applications, (iii) trade secrets and (iv) copyrights,
claims for copyrights, copyright registrations and copyright applications that, in each case, are owned by or licensed to ResMor Trust. 
 “IT Assets” means IT Inventories, Technical Documentation, Software Contracts and Computer Equipment of ResMor Trust, in each case to the extent used in, relating to, or arising out of ResMor Trust’s operation of its
business. 
 “IT Inventories” means (i) computer software code (in all media) and materials, including all software
programs; (ii) computer software documentation, including user materials; and (iii) all other unused or reusable materials, stores, and supplies related to computer software, in each case to the extent used in, relating to, or arising out
of ResMor Trust’s operation of its business. 
  

 3 

 “Law” means any law, statute, regulation, ordinance, rule, order, decree, judgment,
consent decree or governmental requirement enacted, promulgated, entered into, agreed to or imposed by any Governmental Authority. 
 “Leases” shall have the meaning set forth in Section 3.14. 
 “Lien” means any title
defect, conflicting or adverse claim of ownership, mortgage, deed of trust, hypothecation, security interest, lien, pledge, claim, right of first refusal, option, charge, restrictive covenant, lease, order, decree, judgment, stipulation, settlement,
attachment, objection or other encumbrance of any nature whatsoever. 
 “Loan” means the loan in the amount of CDN
$82,000,000 made by Purchaser to Seller pursuant to the terms of the Loan Agreements. 
 “Loan Agreements” shall have the
meaning set forth in the preamble. 
 “Loan-to-Value Ratio” means, with respect to a Mortgage, a fraction, expressed as a
percentage, the numerator of which is the then current outstanding principal balance of such Mortgage, and the denominator of which is the value of the related property as determined by an independent appraisal obtained (i) at the time of
origination of such Mortgage, or (ii) if a subsequent independent appraisal has been obtained, such subsequent independent appraisal; or (iii) if the Mortgage is insured, the value determined by the insurer. 
 “Loss” or “Losses” means any and all damages, losses, actions, proceedings, causes of action, obligations, liabilities,
claims, Liens, penalties, fines, demands, assessments, awards, judgments, settlements, costs and expenses, including (i) court costs and similar costs of litigation, (ii) reasonable attorneys’ and consultants’ fees, including
those incurred in connection with (a) investigating or attempting to avoid the matter giving rise to the Losses or (b) successfully establishing a valid right to indemnification for Losses and (iii) interest awarded as part of a
judgment or settlement, if any, but in any event shall exclude consequential, punitive, special or incidental damages or lost profits claimed, incurred or suffered by any Indemnified Person (which exclusion does not include any consequential,
punitive, special or incidental damages or lost profits for which such Indemnified Person is liable to a third party as a direct, out of pocket cost of such Indemnified Person). 
 “Marlborough” shall have the meaning set forth in Section 5.10. 
 “Master Mortgage Loan Purchase Agreements” means all the mortgage loan purchase agreements to which ResMor Trust is a party. 

“Master Securitized Mortgage Loan Purchase Agreements” means all master mortgage loan purchase agreements to which ResMor Trust is a
party. 
 “Master Servicing Agreements” means all the mortgage servicing agreements to which ResMor Trust is a party.

  

 4 

 “Material Adverse Effect” means any condition, circumstance, change or effect that,
individually or when taken together with all other conditions, circumstances, changes or effects, is materially adverse to ResMor Trust, taken as a whole; provided, that, for purposes of this Agreement, a Material Adverse Effect shall not
include any condition, circumstance, change or effect resulting from (i) conditions, circumstances or changes to the industry or markets in which the ResMor Trust is operated, (ii) the announcement or disclosure of the transactions
contemplated herein, (iii) general economic, regulatory or political conditions or changes in the countries in which ResMor Trust is operated, (iv) military action or acts of terrorism, (v) changes in applicable Law after the date
hereof, (vi) the filing of Residential Capital, LLC and certain of its U.S. subsidiaries of a voluntary petition for relief under Chapter 11 of the Bankruptcy Code; (vii) compliance with the terms of this Agreement or (viii) the
conditions in or changes to any financial, banking or securities markets (including any disruption thereof and any decline in the price of any security or market index); and provided, further, that in the case of each of clauses
(i), (iii), (iv), (v) and (viii), ResMor Trust is not materially disproportionately affected by such condition, circumstance, change or effect compared to other Persons engaged in the conduct of businesses
similar to ResMor Trust. 
 “Material Contract” means any Contract of ResMor Trust which (i) was entered into in
contemplation of a sale or possible sale of shares or any material amount of assets of ResMor Trust; (ii) involves any joint venture or partnership or agreement to share profits or excess cash flows; (iii) relates to the lease, sub-lease
or use of any real estate; (iv) relates to the licensing or use of any Intellectual Property and involves a liability or expenditure of greater than CDN $350,000 annually; (v) involves a liability or expenditure of greater than CDN
$350,000 annually; (vi) the duration of which is greater than one year and has an aggregate liability exceeding CDN $350,000 over the life of the Contract; (vii) provides for the guarantee, indemnification, surety or similar obligation of
any Person’s obligations (other than the obligations of ResMor Trust); (viii) is a Derivative Transaction; (ix) is a Securitization Document, Servicing Document or other material document in respect of Securitized Mortgages or
Serviced Mortgages; (x) restricts in any material respect ResMor Trust from conducting its business as conducted as of the Closing Date in any geographic area in Canada during any period of time; or (xi) was entered into with any
Governmental Authority and involves obligations by ResMor Trust that will continue following the Closing Date; but excludes in each of the foregoing, any Mortgage and any usual and ordinary course deposit liability. 
 “Mortgage” means (i) a mortgage loan (including residential mortgage loans, and mortgage loans made to owners or developers of
multi-family residential properties or commercial properties, but excluding Subserviced Mortgages) made to a Mortgagor in Canada which is evidenced and secured by a mortgage, charge or hypothec on a freehold or condominium interest in real or
immoveable property that is owned by such Mortgagor and (ii) all obligations of the Mortgagor thereunder, including all monies payable thereunder (whether scheduled payments, prepayments, interest or other finance charges, prepayment bonuses,
indemnities or penalties, fees or other charges with respect thereto). 
 “Mortgage Loan” means, collectively, (i) a
Mortgage and (ii) the Related Security. 
  

 5 

 “Mortgage Loan File” means, with respect to any Mortgage, any or all of: (a) the
original fully executed copy of documents evidencing the Mortgage, (b) the duplicate registered physical or electronic form of Mortgage evidencing and securing such Mortgage Loan bearing a certificate or registration from the applicable land
registry office, land titles office or similar place of public record in which the related Mortgage is registered together with the promissory note, if any, evidencing such Mortgage Loan fully executed by the Mortgagor, (c) fully executed
copies of the other loan and/or security agreements, if any, securing the Mortgage, fully executed by the Mortgagor, (d) a record, facsimile or electronic copy of the original credit application fully executed by the Mortgagor and all other
credit information obtained by ResMor Trust in connection with the Mortgage and the related Mortgagors, (e) the solicitor’s report of title or title insurance policy obtained by ResMor Trust in connection with the initial advance of the
Mortgage Loan together with the survey, if applicable, relied upon by the solicitor or title insurance company in issuing his or its report or title insurance policy, (f) the most recent appraisal of the related mortgaged property obtained in
accordance with the credit and collection policy of ResMor Trust, (g) the insurance policy or certificate of insurance evidencing the Mortgagor’s insurance against fire and other standard risks showing ResMor Trust or its agent as first
mortgagee and loss payee and containing a standard mortgage endorsement, (h) a copy or other evidence of the related mortgage insurance policy underwritten and issued by CMHC or Genworth or any similar insurer, as the case may be, to ResMor
Trust or any confirmation or certificate of such insurer confirming same and/or (i) any and all other documents (including all electronic documents) that ResMor Trust, as servicer, keeps on file relating to such Mortgage Loan. 
 “Mortgagor” means, with respect to any Mortgage Loan, the borrower and mortgagor under such Mortgage Loan and any other Person obligated
to make payments pursuant to such Mortgage Loan, including any co-borrower or co-mortgagor or guarantor. 
 “OSFI” means the
Office of the Superintendent of Financial Institutions (Canada). 
 “Permits” means all material permits, consents, waivers,
licenses, certificates, approvals, authorizations, registrations, franchises, rights, privileges and exemptions issued or granted by any Governmental Authority. An accurate and complete list of Permits that have been obtained since November 1,
2007 has been delivered by Seller to Purchaser on the date hereof. 
 “Person” means any individual, corporation,
partnership, association, limited liability company, trust, Governmental Authority or other entity or organization in any jurisdiction. 
 “Prior Escrow Agreement” means the Escrow Agreement, dated as of November 1, 2007, entered into by Seller, 1316548 Alberta Ltd. and McCarthy Tétrault LLP, as escrow agent, in connection with the Prior Purchase
Agreement. 
 “Prior Purchase Agreement” shall have the meaning set forth in Section 3.18. 
 “Prior Rights Assignment” means the assignment and assumption, to be executed and delivered as of the date hereof and effective as of
the Closing Date, by Seller and Purchaser in the form set forth on Exhibit B attached hereto, pursuant to which Seller will assign to Purchaser its rights under the Prior Purchase Agreement and the Prior Escrow Agreement. 
 “Purchase Price” shall have the meaning set forth in Section 2.2. 
  

 6 

 “Purchaser” shall have the meaning set forth in the preamble. 
 “Purchaser Indemnified Parties” shall have the meaning set forth in Section 8.2. 
 “RCC” shall have the meaning set forth in the preamble. 
 “RCC Shares” shall have the meaning set forth in the preamble. 
 “Related
Security” means, with respect to any Mortgage, 
 (i) all of ResMor Trust’s right, title and interest in the related records,
including the Mortgage and the security interest granted to ResMor Trust by the related Mortgagor in the related mortgaged property as security for or pursuant to such Mortgage; 
 (ii) all other security interests or liens and property subject thereto from time to time purporting to secure payment of such Mortgage, whether pursuant
to the Related Security or otherwise, together with all financing statements or other filings relating thereto; 
 (iii) all guarantees,
indemnities, insurance and other agreements (including the Mortgage) or arrangements of whatever character from time to time supporting or securing payment of such Mortgage or otherwise relating to such Mortgage whether pursuant to the Related
Security or otherwise, including the related mortgage insurance policy entered into by ResMor Trust and the applicable insurer with respect to the Mortgage; and 
 (iv) all proceeds of or relating to the foregoing. 
 “Release” means any release or
discharge of any Hazardous Substance, including any discharge, spray, injection, inoculation, abandonment, deposit, spillage, leakage, seepage, pouring, emission, emptying, throwing, dumping, placing, exhausting, escape, leach, migration, dispersal,
dispensing or disposal. 
 “ResCap” means Residential Capital, LLC, a Delaware limited liability company. 
 “ResMor Trust” shall have the meaning set forth in the preamble. 
 “Securitization Approvals” means, in respect of the Securitization Documents and the Securitized Mortgages, all of the approvals,
consents, waivers, amending agreements, assignment and assumption agreements, other Contracts, opinions and filings to be obtained, entered into or filed from, by or with any conduit (including any special purpose entity), trustee, rating agency or
any other Person, as the case may be, in connection with the transactions contemplated in this Agreement, including those disclosed in writing by Seller to Purchaser on the date hereof. 
 “Securitization Documents” means all of the Contracts (including the NHA Mortgage-Backed Securities Program Guide, as amended
from time to time) relating to the securitization of Securitized Mortgages, including the Master Securitized Mortgage Loan Purchase Agreement. An accurate and complete list of Securitization Documents that have been entered into since
November 1, 2007 has been delivered to Purchaser on the date hereof. 
  

 7 

 “Securitized Mortgages” means the Mortgages originated by ResMor Trust that were
subsequently sold as part of the securitization transactions entered into by ResMor Trust. An accurate and complete list of Securitized Mortgages since November 1, 2007 has been delivered to Purchaser on the date hereof. 
 “Seller” shall have the meaning set forth in the preamble. 
 “Seller’s Knowledge,” or variations thereof, means the actual knowledge of the Persons set forth on a list delivered by Seller to
Purchaser for such purpose. 
 “Serviced Mortgages” means (i) all mortgages originated or purchased by ResMor Trust
which (a) have been pooled with the other mortgages originated or purchased by ResMor Trust and sold to a purchaser and in respect of which the purchaser has not appointed another servicer of the mortgage pool or (b) are held by ResMor
Trust as an investment, and (ii) all mortgages originated by third parties, the servicing rights to which have been purchased by ResMor Trust pursuant to a Master Servicing Agreement. 
 “Servicing Documents” means all of the Contracts relating to the Serviced Mortgages (other than contracts between the mortgagee and
Mortgagor), which consist of documents related to the sales and servicing of mortgage pools under a Master Mortgage Loan Purchase Agreement, and to the servicing of mortgage pools under a Master Servicing Agreement. 
 “Shares” shall have the meaning set forth in the preamble. 
 “Software Contracts” means all Contracts, agreements, licenses and other commitments and arrangements, with the exception of generally
available or off-the-shelf shrink wrap licenses, with any Person respecting the ownership, license, acquisition, design, development, distribution, marketing, development, use, outsourcing or maintenance of computer program code, related technical
or user documentation and databases, in each case relating to or arising out of ResMor Trust’s business. 
 “Subserviced
Mortgages” means the portfolio of Serviced Mortgages that ResMor Trust purchased from Seller. Seller has delivered an accurate and complete list of Subserviced Mortgages to Purchaser on the date hereof. 
 “Tax” or “Taxes” mean all taxes, charges, fees, duties, levies or other assessments, including income, gross receipts,
capital stock, net proceeds, ad valorem, turnover, real, personal and other property (tangible and intangible), goods and services, sales, use, franchise, excise, value added, stamp, leasing, lease, user, transfer, fuel, excess profits,
occupational, interest equalization, windfall profits, unitary, severance and employees’ income withholding, unemployment and Social Security taxes, duties, assessments and charges (including the recapture of any tax items such as investment
tax credits), which are imposed by the United States, Canada or any Governmental Authority, including any interest, penalties or additions to tax related thereto imposed by any Governmental Authority (including any interest or penalties with respect
to such Taxes). 
  

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 “Tax Return” means all returns and reports of or with respect to Taxes required to be
filed with any Governmental Authority or depository. 
 “Tax Statute of Limitations Date” with respect to a particular Tax
means the opening of business on the day after the expiration of the applicable statute of limitations with respect to such Tax, including any extensions thereof made with the consent of Seller (or if such date is not a Business Day, the next
Business Day). 
 “Tax Warranty” means a representation or warranty in Section 3.5 of this Agreement.

 “Technical Documentation” means all technical and descriptive materials relating to the acquisition, design, development,
use, or maintenance of computer code, program documentation, Computer Equipment and materials in the business of ResMor Trust. 
 “Termination Agreement” means the termination agreement relating to the Master Mortgage Purchase Agreement, dated as of April 3, 2008, to be dated as of the date hereof and effective as of the Closing Date, between
Seller and ResMor Trust in the form set forth on Exhibit D attached hereto. 
 “Termination Date” shall have the
meaning set forth in Section 10.1(b). 
 “Title and Authorization Warranty” means a representation or warranty
in Section 3.1, 3.2 or 4.1 of this Agreement. 
 “Transaction Documents” means this Agreement, the
Prior Rights Assignment, the Employee Leasing Agreement and the Transition Services Agreement. 
 “Transfer Taxes” shall
have the meaning set forth in Section 9.1. 
 “Transition Services Agreement” means the Transition Services
Agreement, to be executed and delivered as of the date hereof and effective as of the Closing Date, by ResCap, Seller and ResMor Trust in the form set forth on Exhibit C attached hereto. 
 “Trust Shares” shall have the meaning set forth in the preamble. 
 1.2 Interpretation. The headings preceding the text of Articles and Sections included in this Agreement are for convenience only and shall not be
deemed part of this Agreement or be given any effect in interpreting this Agreement. The use of the masculine, feminine or neuter gender or the singular or plural form of words herein shall not limit any provision of this Agreement. The use of the
terms “including” or “include” shall in all cases herein mean “including, without limitation” or “include, without limitation,” respectively. Reference to any Person includes such Person’s successors and
assigns to the extent such successors and assigns are permitted by the terms of any applicable agreement. Reference to a Person in a particular capacity excludes such Person in any other capacity or individually. Reference to any agreement
(including this Agreement), document or instrument means such agreement, document or instrument as amended or modified and in effect from time to time in accordance with the terms thereof and, if applicable, the terms hereof. Underscored references
to Articles, Sections, paragraphs, clauses or Exhibits shall refer to those portions of this Agreement. The use of the 

  

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terms “hereunder,” “hereby,” “hereof,” “hereto” and words of similar import shall refer to this Agreement as a whole
and not to any particular Article, Section, paragraph or clause of, or Exhibit to, this Agreement. All references in this Agreement to dollar amounts shall refer to the currency of Canada unless otherwise specified. 
 ARTICLE 2. 
 PURCHASE AND SALE 
 2.1 Purchase of Shares. On the terms and subject to the conditions set forth in this Agreement, at the Closing, Seller shall sell, assign and
transfer to Purchaser, and Purchaser shall purchase from Seller, and take assignment and delivery of, the Shares in exchange for the Purchase Price set forth in Section 2.2. 
 2.2 Purchase Price. The aggregate value of the consideration to be paid and delivered by Purchaser to Seller at Closing shall be CDN $82,000,000
(the “Purchase Price”). The Purchase Price shall be paid by Purchaser on the Closing Date as an offset against the entire amount of the outstanding principal of the Loan as of the Closing Date (without adjustment for any change in
the currency exchange rate used under the Loan Agreements on the date hereof). 
 2.3 Closing. The Closing shall take place at the
offices of Torys LLP, 79 Wellington Street West, Suite 3000, Toronto, Ontario, M5K 1N2 Canada, upon the earlier of: (a) the next Business Day after (i) either Purchaser determines in its reasonable discretion and has notified Seller and
ResCap (or has received a notice from Seller or ResCap) that (A) an Event of Default under Section 8.1.7 of the Loan Agreement between Seller and Purchaser, dated as of the date hereof, is likely to occur, or (B) an event of default
is likely to occur in respect of any credit or funding agreement or indenture between (x) ResCap or any of its subsidiaries and (y) any counterparty other than Purchaser or any of its affiliates, under which there is indebtedness
outstanding of USD $10 million or more and (ii) Purchaser has notified Seller that all closing conditions in Article 6 and Article 7 have been satisfied or waived; or (b) December 22, 2008 or such earlier date as Purchaser and Seller
agree (the “Closing Date”). 
 2.4 Deliveries of Seller. 
 (a) At the Closing, Seller shall deliver to Purchaser the Shares, duly endorsed in blank for transfer or duly signed powers of attorney
for transfer in blank. 
 (b) On the date hereof, Seller shall execute and deliver to Purchaser the following agreements,
which shall be placed in escrow pursuant to the terms of the Escrow Agreement until released pursuant to the terms thereof: 
 (i) the Employee Leasing Agreement duly executed by ResCap and ResMor Trust; 
 (ii) the Transition Services
Agreement duly executed by ResCap, Seller and ResMor Trust; 
 (iii) the Prior Rights Assignment duly executed by Seller;

  

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 (iv) the Termination Agreement duly executed by Seller and ResMor Trust; and 

(v) such other documents as may be reasonably requested by Purchaser to accomplish the transactions contemplated hereby. 
 2.5 Deliveries of Purchaser. At the Closing, Purchaser shall deliver to Seller the Purchase Price as an offset against the then outstanding
principal amount of the Loan. 
 ARTICLE 3. 
 REPRESENTATIONS AND WARRANTIES OF SELLER 
 Seller represents and warrants to Purchaser, as of the date
hereof and as of the Closing Date (except to the extent any such representations and warranties shall have been expressly made as of a particular date, in which case such representations and warranties shall be made only as of such date), as
follows: 
 3.1 Authority. 
 (a) Seller is a company organized and existing under the laws of Canada. Seller has good and sufficient company power, authority and right to enter into and deliver this Agreement and to complete the transactions to
be completed by Seller hereunder. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been approved by the directors of ResCap, including its independent directors, under
Section 2(b) of the Amended and Restated Operating Agreement, dated as of November 27, 2006, between General Motors Corporation, GMAC and ResCap. This Agreement constitutes a valid and legally binding obligation of Seller,
enforceable against Seller in accordance with its terms, except as such enforceability may be limited by principles of public policy and subject to the laws of general application relating to bankruptcy, insolvency, and the relief of debtors and to
rules of law governing specific performance, injunctive relief and other equitable remedies (the “Enforceability Exceptions”). Seller is not a non-resident of Canada within the meaning of the Income Tax Act (Canada).

 (b) 1020491 is a duly incorporated, organized and subsisting corporation under the laws of Alberta. 
 (c) RCC is a duly incorporated, organized and subsisting corporation under the laws of Alberta. 
 (d) ResMor Trust is a federally incorporated trust company duly incorporated, organized and subsisting under the federal laws of Canada.
ResMor Trust has the corporate capacity to own its assets and to carry on its business as presently conducted. ResMor Trust is a member institution in good standing within the meaning of the Canada Deposit Insurance Corporation Act (Canada).
ResMor Trust is a member in good standing with the Canada Payments Association and has all necessary authorizations to offer checking accounts to the public and to accept retail deposits. 
  

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 3.2 Ownership of the Shares. 
 (a) The Trust Shares constitute as of the Closing Date all of the issued and outstanding shares or other equity interests (including any
rights to acquire such interests) of ResMor Trust. The authorized capital of ResMor Trust consists of an unlimited number of common shares without nominal or par value. There are 28,894,750 issued and outstanding common shares of ResMor Trust, and
RCC is the registered and beneficial holder of all the Trust Shares. All of the Trust Shares have been duly authorized, validly issued and are outstanding as fully paid and non-assessable shares. No shares, options or other securities have been
issued by ResMor Trust since September 30, 2008. RCC is the owner of all right, title and interest (record and beneficial) in and to the Trust Shares, free and clear of any Lien. Seller has delivered to Purchaser all constituting documents of
ResMor Trust and all rights, privileges, restrictions and conditions attached to the Trust Shares are contained therein. 
 (b) The 1020491 Shares constitute as of the Closing Date all of the issued and outstanding shares or other equity interests (including any rights to acquire such interests) of 1020491. The authorized capital of 1020491 consists of an
unlimited number of common shares without nominal or par value. There are 9,885,613.35 issued and outstanding 1020491 Shares, and Seller is the owner of all right, title and interest (record and beneficial) in and to all of the 1020491 Shares, free
and clear of any Lien. All of the 1020491 Shares have been duly authorized, validly issued and are outstanding as fully paid and non-assessable shares. Seller has delivered to Purchaser all constituting documents of 1020491 and all rights,
privileges, restrictions and conditions attached to the 1020491 Shares are contained therein. 
 (c) The RCC Shares constitute
as of the Closing Date all of the issued and outstanding shares or other equity interests (including any rights to acquire such interests) of RCC. The authorized capital of RCC consists of an unlimited number of Class A Common Shares of RCC and
an unlimited number of Class B Common Shares of RCC. There are 25,011,393 issued and outstanding Class A Common Shares. Seller is the owner of all right, title and interest (record and beneficial) in and to 25,001,508 Class A Common
Shares, and 1020491 is the owner of all right, title and interest (record and beneficial) in and to 9,885 Class A Common Shares, in each case free and clear of any Lien. There are 100,000 issued and outstanding Class B Common Shares of RCC.
Seller is the owner of all right, title and interest (record and beneficial) in and to 38,665 Class B Common Shares, and 1020491 is the owner of all right, title and interest (record and beneficial) in and to 61,335 Class B Common Shares, in each
case free and clear of any Lien. All of the RCC Shares have been duly authorized, validly issued and are outstanding as fully paid and non-assessable shares. Seller has delivered to Purchaser all constituting documents of RCC and all rights,
privileges, restrictions and conditions attached to the RCC Shares are contained therein. 
 (d) The transfer and delivery to
Purchaser of the Shares hereunder will transfer to Purchaser legal and valid title to all of Seller’s Shares, free and clear of any Lien. There is no Contract, option or any other right of any Person binding upon Seller, RCC or 1020491, as
applicable, (i) to sell, transfer, assign, pledge, charge, mortgage or in any other way dispose of or encumber any of the Shares, the RCC Shares or Trust Shares other than pursuant to the provisions of this Agreement, (ii) to allot or
issue any of the unissued shares of RCC, 1020491 or ResMor Trust or to create any additional class of shares of RCC, 1020491 or ResMor Trust, or (iii) to sell, transfer, assign, pledge, mortgage or in any other way dispose of or encumber any of
the assets of RCC, 1020491 or ResMor Trust other than in the usual and ordinary course of business. 
  

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 3.3 Regulatory Matters. 
 (a) No consent of, or declaration, filing or registration with, the CDIC, OSFI or any other Governmental Authority or Person is required
to be obtained or made, as applicable, by Seller, RCC, 1020491 or ResMor Trust in connection with the execution, delivery and performance of its obligations under this Agreement and the other Transaction Documents, or the consummation of the
transactions contemplated by this Agreement or the other Transaction Documents, except for consents, declarations, filings and registrations the failure to have which, individually or in the aggregate, would not reasonably be expected to have a
Material Adverse Effect or a material adverse effect on the ability of Seller to consummate the transactions contemplated hereby and satisfy all its obligations hereunder. 
 (b) ResMor Trust owns, possesses or has obtained and is in compliance with, all Permits necessary to conduct its business as now
conducted, all of which are in good standing and none of which are subject to any directives or orders of any Governmental Authority that are unique to ResMor Trust. From November 1, 2007 through the date of this Agreement, ResMor Trust has not
received any correspondence or notice from or had any conversations or meetings with any Governmental Authority indicating that such Governmental Authority was considering or was likely to revoke, cancel, rescind, refuse to renew in the usual and
ordinary course or modify any of ResMor Trust’s Permits, nor is any proceeding ongoing or pending for any such purpose. 
 (c) Since November 1, 2007, ResMor Trust has conducted, and is conducting, its business in compliance in all material respects with all applicable Laws and is not in breach in any material respect of any such applicable Laws, including
all applicable Laws pertaining to privacy, money laundering and terrorist financing, and with respect to the creation and adoption of internal policies and procedures for a trust company under the Canadian Trust and Loan Companies Act. ResMor
Trust is duly licensed, registered or qualified in each of the provinces and territories of Canada (other than Quebec where it is not registered as a trust company) in which it carries on its business to enable it to be carried on as now conducted
and its assets to be owned, leased and operated. 
 (d) ResMor Trust is not conducting its business in any jurisdictions other
than the provinces and territories of Canada. 
 3.4 Financial Statements. 
 (a) Seller has delivered to Purchaser on the date hereof (i) the audited balance sheet, statement of earnings, comprehensive earnings
and retained earnings and statement of cash flows of ResMor Trust for the year ended December 31, 2007, and (ii) the unaudited balance sheet and income statement of ResMor Trust for the nine months ended September 30, 2008 (the
“Financial Statements”). The Financial Statements were prepared from the books and records of Seller and ResMor Trust. Except as otherwise disclosed in writing by Seller to Purchaser on the 

  

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date hereof, the Financial Statements, subject in the case of unaudited financial statements to normal year-end and quarterly adjustments and the absence of
notes, fairly present in all material respects the financial condition and the results of operations of ResMor Trust as of the date of and for the period referred to in such Financial Statements, and were prepared in accordance with Canadian GAAP.

 (b) Except as disclosed in writing by Seller to Purchaser on the date hereof, there are no liabilities or obligations
relating to ResMor Trust of any nature, whether accrued, contingent or otherwise, except for liabilities or obligations (a) reflected in the Financial Statements, (b) that are ordinary course performance obligations pursuant to Contracts
to which ResMor is a party which, to the extent incurred prior to the date of the Financial Statements, are not required to be reflected therein, or (c) that were incurred since the date of the Financial Statements and were normal and recurring
expenses or obligations incurred in the ordinary course of business and have not had and would not reasonably be expected to have a Material Adverse Effect. There have been no impairments to any assets or adjustments to the valuations of the assets
or retained interests made or required to be made since December 31, 2007. Except as disclosed in writing by Seller to Purchaser on the date hereof, all expenses of the business of ResMor Trust for 2008 through October 31, 2008 are set
forth in the Financial Statements. 
 (c) Except as otherwise disclosed in writing by Seller to Purchaser on the date hereof,
neither RCC nor 1020491 has any liabilities or obligations whether accrued, absolute, contingent or otherwise or any assets except its ownership of Trust Shares and RCC Shares respectively. 
 3.5 Tax. Except as would not have, individually or in the aggregate, a Material Adverse Effect: 
 (a) Except as otherwise disclosed in writing by Seller to Purchaser on the date hereof, all Tax Returns required to be filed by 1020491,
RCC and ResMor Trust since November 1, 2007 have been filed in the prescribed form and within the prescribed time and all such Tax Returns are true, complete and correct; 
 (b) Since November 1, 2007, each of 1020491, RCC and ResMor Trust has duly and timely paid all Taxes due and payable whether or not
shown on any Tax Return, including all installments on account of Taxes for the current year; 
 (c) There are no Liens for
Taxes against 1020491, RCC or ResMor Trust; 
 (d) Since November 1, 2007, each of 1020491, RCC and ResMor Trust has not
(i) waived any statute of limitations in respect of Taxes or (ii) agreed to any extension of time with respect to a Tax assessment or deficiency; 
 (e) No deficiencies exist or, to Seller’s Knowledge, have been asserted since November 1, 2007 with respect to Taxes of 1020491, RCC or ResMor Trust; and each of 1020491, RCC and ResMor Trust is not a party
to any action or proceeding for assessment or collection of Taxes, nor, to Seller’s Knowledge, has such an event been asserted or threatened against 1020491, RCC or ResMor Trust, or any of its respective assets; 
  

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 (f) Since November 1, 2007, each of 1020491, RCC and ResMor Trust has duly and
timely withheld all Taxes required by Law to be withheld by it (including Taxes required to be withheld by it in respect of any amount paid or credited or deemed to be paid or credited by it to or for the account of any Person, including any
employees, officers or directors and any Person not resident in Canada for Canadian Tax purposes) and has duly and timely remitted to the appropriate tax authority such Taxes and other amounts required by Law to be remitted by it; and 
 (g) Since November 1, 2007, each of 1020491, RCC and ResMor Trust has duly and timely collected all amounts on account of any sales
or transfer taxes, including goods and services, harmonized sales and provincial or territorial sales taxes, required by Law to be collected by it and has duly and timely remitted to the appropriate authority any such amounts required by Law to be
remitted by it. 
 3.6 Contracts. 
 (a) ResMor Trust is not in default or material breach of any Material Contract to which it is a party and, to Seller’s Knowledge, there exists no condition, event or act that, with the giving of notice or lapse
of time or both, would constitute such a default or breach, and all such Material Contracts are in good standing and in full force and effect without amendment (except such amendments as are otherwise disclosed by Seller to Purchaser on the date
hereof) thereto, other than, in each case, as a result of any such default, material breach, condition, event or act that occurred or arose before November 1, 2007 and either (i) is not continuing after that date or (ii) has not had a
material adverse effect on ResMor Trust’s ability to conduct its business. 
 (b) Seller has delivered to Purchaser on
the date hereof an accurate and complete list of all Material Contracts entered into on or after November 1, 2007. Except for such Material Contracts, ResMor Trust has not entered into any Contract outside of the usual and ordinary course of
business on or after November 1, 2007. Except for Material Contracts and Contracts entered into in the usual and ordinary course of business that are not of a material nature, ResMor Trust has not entered into any Contract on or after
November 1, 2007 that contains change of control provisions that would require a consent or waiver in connection with the transactions contemplated hereby. Each Material Contract is a legal, valid and binding obligation of ResMor Trust,
enforceable against it in accordance with its terms, except as such enforceability may be limited by the Enforceability Exceptions. Since November 1, 2007, no other party to a Material Contract has made, asserted or, to Seller’s Knowledge,
has any defense, set-off or counterclaim thereunder and no party has exercised any option granted to it to cancel, terminate or shorten the term thereof. 
 (c) Except as disclosed in writing by Seller to Purchaser on the date hereof, there are no Contracts or arrangements for payments or allocations of expenses between ResMor Trust, on the one hand, and Seller or any of
its Affiliates (other than ResMor Trust) on the other hand. 
  

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 3.7 Securitizations. 
 (a) Seller has delivered to Purchaser on the date hereof an accurate and complete and accurate list of all Securitization Documents
entered into on or after November 1, 2007 to which ResMor Trust or its Affiliates is a party, and copies of all such Securitization Documents have been delivered to Purchaser. Neither ResMor Trust nor, to Seller’s Knowledge, any other
party to any Securitization Document, is in default in any material respect in the performance of its obligations thereunder or has any valid defense or any valid right of rescission, set-off, abatement, diminution or counterclaim (other than as
provided in any Securitization Document) that would prevent the enforcement of any provisions thereof by any other party thereto, other than any such default, defense or right that results from a condition, event or act that occurred or arose before
November 1, 2007 and either (i) is not continuing after that date or (ii) has not had a material adverse effect on ResMor Trust’s ability to conduct its business. Each of the Securitization Documents to which ResMor Trust is a
party is in full force and effect (other than any failure to be in full force and effect that occurred or arose before November 1, 2007 and either (i) is not continuing after that date or (ii) has not had a material adverse effect on
ResMor Trust’s ability to conduct its business) and is a valid, binding and enforceable obligation of ResMor Trust and, to Seller’s Knowledge, the other parties thereto, except as such enforceability may be limited by the Enforceability
Exceptions. No event or condition currently exists which is or, to Seller’s Knowledge, which would, with notice or passage of time or both, constitute a trigger event, servicer termination event, event of default or similar event under the
Securitization Documents, other than as a result of any such event or condition that existed or occurred before November 1, 2007 and either (i) is not continuing after that date or (ii) has not had a material adverse effect on ResMor
Trust’s ability to conduct its business. Other than the Securitization Approvals, no approvals of any other Person are required under any Securitization Document to effect the consummation of the transactions contemplated hereby. Assuming all
Securitization Approvals are obtained, the consummation for the transactions contemplated hereby will not cause the occurrence of any trigger event, servicer termination event, event of default or other similar event under Securitization Documents.

 (b) Except as otherwise disclosed in writing by Seller to Purchaser on the date hereof, ResMor Trust does not have any
obligation to make advances of any kind with respect to the securitization transactions relating to the Securitization Documents. 
 (c) None of the Securitized Mortgages would, pursuant to Canadian GAAP, be consolidated on the balance sheet of ResMor Trust or any of its Affiliates for accounting purposes. 
 (d) Except as otherwise disclosed in writing by Seller to Purchaser on the date hereof, since November 1, 2007, there has been no
claim, demand or exercise of a right of indemnity or repurchase under any of the Securitization Documents, and to Seller’s Knowledge there is no fact, event or omission, which, with notice or passage of time or both, would reasonably be
expected to give rise to a claim, demand or exercise of right of indemnity or repurchase under any of the Securitization Documents. 
 (e) Except as otherwise disclosed in writing by Seller to Purchaser on the date hereof, ResMor Trust has not assigned its right, title or interest to or in any Securitization Document to, nor has ResMor Trust delegated to any Person any of
its duties under any of the Securitization Documents. 
  

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 (f) ResMor Trust is in compliance with Guideline B-5 of OSFI. 
 3.8 Master Servicing Agreements and Master Mortgage Loan Purchase Agreements. 
 (a) Neither ResMor Trust nor, to Seller’s Knowledge, any other party to any Servicing Document is in default in any material respect
in the performance of its obligations thereunder or has any valid defense or any valid right of rescission, set-off, abatement, diminution or counterclaim (other than as provided in any Servicing Document) that would prevent the enforcement of any
provisions thereof by any other party thereto, other than, in each case, any such default, defense or right that occurred or arose before November 1, 2007 and either (i) is not continuing after that date or (ii) has not had a material
adverse effect on ResMor Trust’s ability to conduct its business. Each of the Servicing Documents to which ResMor Trust is a party is in full force and effect (other than any failure to be in full force and effect that occurred or arose before
November 1, 2007 and either (i) is not continuing after that date or (ii) has not had a material adverse effect on ResMor Trust’s ability to conduct its business) and is a valid, binding and enforceable obligation of ResMor Trust
and, to Seller’s Knowledge, the other parties thereto, except as such enforceability may be limited by the Enforceability Exceptions. To Seller’s Knowledge, no event or condition exists which is or, with notice or passage of time or both,
would constitute a trigger event, termination event, servicer termination event, event of default or other similar event under the Master Mortgage Servicing Agreements or Master Mortgage Loan Purchase Agreements, other than any such event or
condition that occurred or arose before November 1, 2007 and either (i) is not continuing after that date or (ii) has not had a material adverse effect on ResMor Trust’s ability to conduct its business. The consummation of the
transactions contemplated hereby will not cause the occurrence of any trigger event, termination event, servicer termination event, event of default or other similar event under the Master Servicing Agreements or Master Mortgage Loan Purchase
Agreements. 
 (b) Since November 1, 2007, there has been no claim, demand or exercise of a right of indemnity or
repurchase under any of the Servicing Documents, and to Seller’s Knowledge there is no fact, event or omission that, with notice or passage of time, would reasonably be expected to give rise to a claim, demand or exercise of a right of
indemnity or repurchase under any of the Servicing Documents. 
 (c) Except as otherwise disclosed in writing by Seller to
Purchaser on the date hereof, ResMor Trust has not assigned its right, title or interest to or in any Servicing Document to, and ResMor Trust has not delegated to any Person any of its duties under any of the Servicing Documents. 
 (d) Seller has provided to Purchaser on the date hereof a complete and accurate list of all Master Servicing Agreements entered into on or
after November 1, 2007 to which ResMor Trust or its Affiliates is a party, and copies of all such Master Servicing Agreements have been delivered to Purchaser. 
 (e) Seller has provided to Purchaser on the date hereof a complete and accurate list of all Master Mortgage Loan Purchase Agreements
entered into on or after November 1, 2007 to which ResMor Trust or its Affiliates is a party, and copies of all such Master Mortgage Loan Purchase Agreements have been delivered to Purchaser. 
  

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 (f) Seller has provided to Purchaser on the date hereof a complete and accurate list of
all Master Securitized Mortgage Loan Purchase Agreements entered into on or after November 1, 2007 to which ResMor Trust or its Affiliates is a party, and copies of all such Master Securitized Mortgage Loan Purchase Agreements have been
delivered to Purchaser. 
 (g) Except as otherwise disclosed in writing by Seller to Purchaser on the date hereof, ResMor
Trust does not have any obligation to make advances of any kind under or pursuant to any Master Servicing Agreements, Master Mortgage Loan Purchase Agreements or Master Securitized Mortgage Loan Purchase Agreements. 
 3.9 Mortgages. 
 (a)
The extension of credit to the Mortgagor, the origination or renewal (whichever was later) of the Mortgage, and the administration of the Mortgage have been completed by ResMor Trust (i) in accordance with the Credit and Collection Policy in
all material respects, (ii) in accordance with standards at least equal to those required by Genworth and CMHC, as applicable, in each case, as in effect at the time of such extension of credit, origination or renewal, and (iii) in
accordance with all applicable Laws in all material respects. As of the date of this Agreement, ResMor Trust has no obligation, under any Mortgage or other Contract or applicable Law, to renew or refinance any Mortgage at its contractual maturity
date; provided, that ResMor Trust is obligated pursuant to Contracts with Genworth or CMHC to offer borrowers a renewal or extension at the then-current market rate as a condition to maintaining the insurance on the related Mortgage in full
force and effect. 
 (b) Except as otherwise disclosed in writing by Seller to Purchaser on the date hereof, other than
uninsured Mortgages which have Loan-to-Value Ratios at the time of origination not exceeding 75% with respect to any Mortgages funded prior to April 20, 2007 and 80% with respect to any Mortgages funded thereafter, each Mortgage of ResMor Trust
and each Subserviced Mortgage is insured by Genworth or CMHC. 
 (c) There are no loans or security made or granted by ResMor
Trust which have not been made or granted for good and valuable consideration in the usual course of business in all material respects. The loans, loan documentation, security and security documentation are genuine and complete and legally
enforceable in all material respects in accordance with their terms against the respective Mortgagors, except as such enforceability may be limited by the Enforceability Exceptions. All security and security documentation have been duly and properly
registered or recorded in all material respects in all places necessary or advisable in connection therewith, other than registrations and documentation that are in the usual and ordinary course of business in the process of being duly and properly
registered or recorded in such places. To Seller’s Knowledge, the Mortgage Loan Files relating to Mortgages are accurate and complete in all material respects. 
 (d) Except as otherwise disclosed in writing by Seller to Purchaser on the date hereof, all of the loans and Mortgages comprising part of
the business conducted by ResMor Trust are with respect to residential properties, and no such loans and Mortgages relate to commercial or corporate properties or are construction financing loans. 
  

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 (e) Except as otherwise disclosed in writing by Seller to Purchaser on the date hereof,
there are no Mortgages that are delinquent for a period of greater than 60 days as of September 30, 2008. 
 (f) Seller
has provided to Purchaser on the date hereof an accurate and complete list of all Mortgage Loans to be funded by ResMor Trust under commitments to advance that are outstanding on the date hereof. 
 3.10 Deposits. Except for employees and shareholders, ResMor Trust does not accept deposits from any Person other than through the Deposit
Brokers. Each deposit accepted by ResMor Trust since November 1, 2007 complies with the applicable Customer Agreement and has been solicited, originated, created, maintained and serviced in compliance in all material respects with
(a) ResMor Trust’s standard policies, practices and procedures, (b) the Canada Deposit Insurance Corporation Act and (c) all other applicable Laws. Each Customer Agreement entered into on or after November 1, 2007 is
a legal, valid and binding obligation of ResMor Trust, enforceable against it in accordance with its terms and to Seller’s Knowledge, each other party thereto, except in each case as such enforceability may be limited by the Enforceability
Exceptions. Since November 1, 2007, no Person has deposited any money with ResMor Trust other than Deposit Customers. 
 3.11
Intellectual Property. 
 (a) Seller has provided to Purchaser on the date hereof a true and complete list of all
material IT Assets and Seller has provided to Purchaser on the date hereof a true and complete list of all material Intellectual Property of ResMor as of the date hereof, which was acquired, entered into or came into existence as applicable, since
November 1, 2007. Neither RCC nor 1020491 owns or uses any IT Assets or Intellectual Property. ResMor Trust is the exclusive owner or valid licensee of all its material Intellectual Property, free and clear of all Liens, other than any Liens
that may have been incurred before November 1, 2007 and either (i) have been released since that date or (ii) have not had a material adverse effect of ResMor Trust’s ability to operate its business. 
 (b) Since November 1, 2007, all registrations and applications for ResMor Trust’s Intellectual Property (including registrations
with, filed in or issued by, as the case may be, the Canadian Intellectual Property Office or such other filing offices, domestic or foreign) that are owned by ResMor Trust and that are used in and are material to the conduct of the business of
ResMor Trust as currently conducted are (i) valid, subsisting, in proper form and enforceable, and have been duly maintained in all material respects, including the submission of all necessary filings and fees in accordance with the legal and
administrative requirements of the appropriate jurisdictions, and (ii) have not lapsed, expired or been abandoned, and no Intellectual Property or any registration or application therefore is the subject of any opposition, interference,
cancellation proceeding or other legal proceeding (including litigation) or governmental proceeding before any Government Authority in any jurisdiction, or of any outstanding order, judgment, decree or agreement adversely affecting the ownership,
validity, registrability, or enforceability of ResMor Trust’s Intellectual Property use thereof or rights thereto. 
  

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 (c) Except as otherwise disclosed in writing by Seller to Purchaser on the date hereof,
with respect to ResMor Trust’s Intellectual Property: (i) ResMor Trust owns and possesses all right, title and interest in and to, or have a valid, binding and enforceable license to use, such Intellectual Property; (ii) since
November 1, 2007, no claim by any third party contesting the validity, enforceability, use or ownership of any of such Intellectual Property has been made or, to Seller’s Knowledge, is threatened; (iii) to Seller’s Knowledge,
none of ResMor Trust’s Intellectual Property is being infringed upon or violated by any other person; (iv) to Seller’s Knowledge, since November 1, 2007, ResMor Trust has not received any notices of any infringement or
misappropriation by any third party with respect to such Intellectual Property; and (v) since November 1, 2007. ResMor Trust has not infringed, misappropriated or otherwise conflicted with any proprietary rights of any third parties.

 (d) Since November 1, 2007, ResMor Trust has taken all reasonable measures to protect the secrecy, confidentiality and
value of all trade secrets required for, related to and used in ResMor Trust’s business, and to Seller’s Knowledge, such trade secrets have not been used, disclosed to or discovered by any Person except pursuant to valid and appropriate
non-disclosure and/or license agreements, which have not been breached. To Seller’s Knowledge, no employee has any patents issued or applications pending for any device, process, design or invention of any kind now used or needed by ResMor
Trust in the furtherance of ResMor Trust’s business that have not been assigned to ResMor Trust. 
 (e) To Seller’s
Knowledge, no ResMor Trust employee’s performance of his or her employment activities violates the intellectual property or other rights of any Person. 
 (f) Except as otherwise disclosed in writing by Seller to Purchaser on the date hereof, ResMor Trust is not in breach of any
(i) material Software Contract, or (ii) any material license, sublicense or other agreement relating to the IT Assets or its Intellectual Property, except, in each case, any such breach that occurred or arose before November 1, 2007
and either (i) is not continuing after that date or (ii) has not had a material adverse effect on ResMor Trust’s ability to conduct its business, and the execution and delivery of this Agreement, or the performance of its obligations
hereunder will not result in the breach of, or give rise to the termination, cancellation or acceleration (whether after the filing of notice or the lapse of time or both) of any right of ResMor Trust under, or a loss of any benefit to which ResMor
Trust is entitled under, or the imposition of any obligation under, or a Lien on, any Software Contract, or license, sublicense or other agreement relating to the IT Assets or Transferred Intellectual Property. To Seller’s Knowledge, since
November 1, 2007, ResMor Trust has not infringed or misappropriated any IT Assets. 
 (g) Since November 1, 2007,
ResMor Trust has not granted, transferred or assigned any right or interest in the software programs, the Technical Documentation, or its Intellectual Property to any Person. 
 3.12 Employee Benefit Plans. 
 (a) Seller shall cause ResMor Trust to deliver to Purchaser by November 26, 2008, a list of every benefit plan, program, agreement or arrangement (whether written or unwritten) maintained, contributed to or provided for the benefit of
any current or former employee, director or independent contractor of ResMor Trust or their respective dependants or beneficiaries (the “Benefit Plans”) to which ResMor Trust is obliged to contribute or comply. 
  

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 (b) Seller shall cause ResMor Trust to deliver or make available to Purchaser by
November 26, 2008 complete and up-to-date copies of all Benefit Plans and compensation policies and all amendments thereto together with copies of any current related documentation, including employee booklets and, as applicable, investment
policies or contracts, insurance contractors, trust contracts or other related contracts. 
 (c) Except as otherwise disclosed
in writing by Seller to Purchaser on the date hereof, no Benefit Plan provides benefits after retirement or termination of employment. 
 (d) Except as otherwise disclosed in writing by Seller to Purchaser on the date hereof, no promises or commitments, whether written or oral, have been made by ResMor Trust to amend any current Benefit Plan or
compensation policy. 
 (e) Except as otherwise disclosed in writing by Seller to Purchaser on the date hereof, all of the
Benefit Plans are and, since November 1, 2007, have been duly registered, administered, sponsored and funded in accordance with and as required by applicable Law. 
 (f) Neither this Agreement, nor the consummation of the transactions contemplated by this Agreement, in and of itself, will result in any
payment or obligation of ResMor Trust to any employee or former employee or director of ResMor Trust (whether or not under any Benefit Plan), materially increase the benefits payable or provided under any Benefit Plan, result in any acceleration of
the time of payment or vesting of any such benefit, or increase or accelerate employer contributions thereunder. 
 3.13 Employees.

 (a) Except as otherwise disclosed in writing by Seller to Purchaser on the date hereof, ResMor Trust (i) is not a
party to or bound by any Contract or commitment to pay any management or consulting fee, (ii) does not have any written employment Contract with any Person, and (iii) there are no independent contractors working for ResMor Trust. Any
individual whose relationship to ResMor Trust that purports to that of an independent contractor is in fact an independent contactor and not an employment relationship. 
 (b) By November 26, 2008, Seller shall make available to Purchaser an accurate and complete list of the names and titles or job
descriptions and salary and other compensation of employees of ResMor Trust on the date of this Agreement and any changes in such list that have occurred or are expected to occur prior to the Closing Date. Seller agrees to provide Purchaser with
such other information with respect to employees as reasonably requested by Purchaser. 
 (c) ResMor Trust is not bound by or
a party to any collective bargaining agreement. To Seller’s Knowledge, since November 1, 2007, no trade union, council of trade unions, employee bargaining agency or affiliated bargaining agent: (i) has applied to be certified as the
bargaining agent of any employees; or (ii) has applied to have ResMor Trust declared a 

  

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related employer or successor employer pursuant to the applicable labor legislation. There are no actual, or, to Seller’s Knowledge, pending or
threatened organizing activities of any trade union, council of trade unions, employee bargaining agency or affiliated bargaining agent pertaining to ResMor Trust. 
 (d) Except as otherwise disclosed in writing by Seller to Purchaser on the date hereof, ResMor Trust is in material compliance with
applicable taxation, health, labor, pension, labor and employment Laws and is not in breach in any material respect of any such Laws, and there are no outstanding assessments, levies or penalties under such Laws. 
 3.14 Realty. Neither RCC nor 1020491 owns, leases or has any other rights in any real property. Seller has delivered to Purchaser on the date
hereof an accurate and complete list of leases with respect to real property leased or occupied by ResMor Trust (the “Leases”). Except for the Leases, ResMor Trust does not own, lease or have any rights in any real property. Except for
ResMor Trust’s interest in the Leases, ResMor Trust does not currently own and since November 1, 2007 has not previously owned or been a mortgagee in possession of any other real property, including any freehold property. 
 3.15 Environmental. Since November 1, 2007, the business of ResMor Trust and its assets, are in compliance in all material respects with all
applicable Environmental Laws. There are no outstanding or, to Seller’s Knowledge, threatened writs, injunctions, decrees, orders, judgments, actions, suits, claims, governmental information requests or proceedings against ResMor Trust relating
to non-compliance with or liability under any Environmental Law. 
 3.16 No Material Adverse Change. Except as otherwise disclosed in
writing by Seller to Purchaser on the date hereof, since December 31, 2007, there has not occurred any change in the business or operations of ResMor Trust that has had, or would reasonably be expected to have, a Material Adverse Effect or a
material adverse effect on the ability of Seller to consummate the transactions contemplated hereby and satisfy all its obligations hereunder. 
 3.17 Litigation. Except as otherwise disclosed in writing by Seller to Purchaser on the date hereof, there is no demand, claim, suit, action, arbitration or legal, administrative or other proceeding pending or, to Seller’s
Knowledge, threatened against Seller, RCC, 1020491, ResMor Trust or any of their respective Affiliates, officers, directors or employees or their assets or operations. 
 3.18 Prior Purchase Agreement. Seller has delivered to Purchaser a true and complete copy of the Purchase Agreement dated as of June 8, 2007, as amended (the “Prior Purchase Agreement”),
between GMAC Residential Funding of Canada, Limited and the Interested Parties and all schedules and other documents or agreements entered into in connection therewith. Seller has made no claims for indemnification under the Prior Purchase Agreement
and, to Seller’s Knowledge, there are no claims for indemnification that could be made under the Prior Purchase Agreement. 
 3.19
Brokers or Finders. Except for Goldin Associates, LLC, Seller has not incurred, nor will it incur, directly or indirectly, any liability for brokerage or finders’ fees or agents’ commissions or any similar charges in connection with
this Agreement or the transactions contemplated hereby. 
  

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 ARTICLE 4. 
 REPRESENTATIONS AND WARRANTIES OF PURCHASER 
 Purchaser represents and warrants to Seller, as of the date
hereof and as of the Closing Date (except to the extent any such representations and warranties shall have been expressly made as of a particular date, in which case such representations and warranties shall be made only as of such date), as
follows: 
 4.1 Authority of Purchaser. Purchaser is a limited liability company validly existing, duly formed and in good standing
under the laws of the State of Delaware, and has all requisite limited liability company power and authority to own, lease and operate its properties and assets and to carry on its business as now being conducted. Purchaser has all requisite limited
liability company power and authority to enter into this Agreement and the other Transaction Documents to which it is a party and to carry out the transactions contemplated in this Agreement and the other Transaction Documents to which it is a
party. The execution, delivery and performance by Purchaser of this Agreement and the other Transaction Documents to which it is a party has been duly authorized by all necessary limited liability company action on the part of Purchaser. This
Agreement has been, and each other Transaction Document to which it is a party, will be at Closing, duly and validly executed and delivered by Purchaser and this Agreement constitutes, and each of the other Transaction Documents to which it is a
party will constitute, the legal, valid and binding obligation of Purchaser, enforceable against Purchaser in accordance with its terms, except as such enforceability may be limited by the Enforceability Exceptions. 
 4.2 Consents and Approvals. No consent of, or declaration, filing or registration with, the CDIC, OSFI or any Governmental Authority or any other
Person is required to be obtained or made, as applicable, by Purchaser in connection with the execution, delivery and performance of this Agreement and the other Transaction Documents, or the consummation of the transactions contemplated by this
Agreement or by any other Transaction Document, except for consents, declarations, filings and registrations the failure to have which, individually or in the aggregate, would not reasonably be expected to have a material adverse effect on the
financial condition of Purchaser or the ability of Purchaser to consummate the transactions contemplated hereby and satisfy all its obligations hereunder. 
 4.3 Financing. On the date of this Agreement, Purchaser has immediately available funds in an amount sufficient to fund the Loan to Seller and to consummate the transactions contemplated hereby. 
 4.4 Brokers and Finders. Except for Sandler O’Neill & Partners, L.P., whose fees will be paid by Purchaser, Purchaser has not
incurred, nor will it incur, directly or indirectly, any liability for brokerage or finders’ fees or agents’ commissions or any similar charges in connection with this Agreement or the transactions contemplated hereby. 
  

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 ARTICLE 5. 
 COVENANTS 
 5.1 Subsequent Actions. Seller and Purchaser shall use commercially reasonable efforts to
take, or cause to be taken, all appropriate action to do, or cause to be done, all things necessary, proper or advisable under applicable Law or otherwise to consummate and make effective the transactions contemplated by this Agreement as promptly
as practicable. If at any time after the Closing, Purchaser shall consider or be advised that any assurances or any other actions or things are necessary or desirable (a) to vest, perfect or confirm ownership (of record or otherwise) in
Purchaser or its Affiliates, as applicable, its title or interest in the Shares or (b) otherwise to carry out this Agreement, Seller shall use commercially reasonable efforts to execute and deliver all bills of sale, instruments of conveyance,
powers of attorney, assignments, assurances and orders and take and do all such other actions and things as may be reasonably requested by Purchaser, in order to vest, perfect or confirm any and all right, title and interest in, to and under such
rights, properties or assets in the Shares, as applicable. 
 5.2 Third Party Consents. Seller shall use commercially reasonable
efforts to obtain and to cooperate with Purchaser in the effort to obtain, as soon as reasonably practicable, all permits, authorizations, consents, waivers and approvals (collectively, “Consents”) from third parties or Governmental
Authorities necessary to consummate this Agreement and the transactions contemplated hereby. Each party hereto shall promptly provide the other parties with copies of any communication, including any written objection, litigation or administrative
proceeding that challenges the transactions contemplated hereby received by such party from any Governmental Authority or any other Person regarding transactions contemplated hereby. This Agreement shall not operate to assign any Contract, or any
claim, right or benefit arising thereunder or resulting therefrom, if an attempted assignment thereof, without the Consent of a third party thereto, would constitute a breach, default or other contravention thereof or in any way adversely affect the
rights of Seller or Purchaser thereunder. If a Consent required pursuant to any Contract to consummate the transactions contemplated hereby is not obtained on or prior to the Closing Date then, to the extent permitted by Law (until such time as such
Consent is obtained): (a) Seller shall use commercially reasonable efforts, at its sole expense, to (i) provide to Purchaser the benefits of the applicable Contract, (ii) cooperate in any reasonable and lawful arrangement designed to
provide the benefits of the applicable Contract to Purchaser, including entering into subcontracts for performance and (iii) enforce at the request of Purchaser and for the account of Purchaser any rights of Seller arising from any such
Contract; and (b) Purchaser shall use commercially reasonable efforts to the extent permitted under the applicable Contract, to provide for the performance of the obligations of Seller on any reasonable and lawful basis. 
 5.3 Access to Information. From and after the date of this Agreement until the Closing Date, Seller shall, and shall cause ResMor Trust to, afford
to Purchaser and its accountants, counsel and other representatives reasonable access, upon reasonable notice during normal business hours, to the personnel, properties, books, contracts, commitments, Tax Returns and records of ResMor Trust and
Seller (to the extent relating to ResMor Trust) and during such period shall furnish to Purchaser any information concerning ResMor Trust and Seller (to the extent relating to ResMor Trust) which is reasonably available to Seller or ResMor Trust, as
Purchaser may reasonably request, including providing Purchaser with the unaudited balance 

  

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sheet and income statement of ResMor Trust for the eleven months ended November 30, 2008 and any financial statement projections or forecasts, including
for December 2008; provided, that nothing herein will obligate Seller or ResMor Trust to violate any applicable Law. Seller shall, and shall cause ResMor Trust to, promptly inform and notify Purchaser of (1) any correspondence or notice
from, or any conversations or meetings with, OFSI and (2) any material correspondence or notice from, or any material conversations or meetings with, any other Governmental Authority. 
 5.4 Records; Post-Closing Access to Information. 
 (a) Purchaser shall preserve and retain, and shall cause its Affiliates in accordance with the document retention policy of Purchaser, as amended from time to time, to preserve and retain, all agreements, documents,
books, records and files (including any documents relating to any governmental or non-governmental actions, suits, proceedings or investigations) relating to ResMor Trust’s business prior to the Closing Date. 
 (b) From and after the Closing Date, Purchaser shall, and shall cause its Affiliates to, afford Seller and its counsel, accountants and
other authorized representatives, with five Business Days’ prior notice, reasonable access during normal business hours to the respective premises, properties, personnel, books and records related to RCC, 1020491 or ResMor Trust and to any
other assets or information that Seller reasonably deems necessary, including in connection with any report or Tax Return required to be filed by Seller, RCC, 1020491 or ResMor Trust under applicable Law (but so as not to unduly disrupt the normal
course of operations of Purchaser), including preparing or defending any Tax Return and any interim or annual report or other accounting statements. 
 (c) If and for so long as any party hereto is contesting or defending against any third-party charge, complaint, action, suit, proceeding, hearing, investigation, claim or demand in connection with (i) any
transaction contemplated under this Agreement or (ii) any fact, situation, circumstance, status, condition, activity, practice, plan, occurrence, event, incident, action, failure to act, or transaction involving ResMor Trust in any respect,
each other party hereto shall (A) fully cooperate with it and its counsel and other advisors in, and assist it and its counsel and other advisors with, the contest or defense, (B) make available its personnel (including for purposes of
fact finding, consultation, interviews, depositions and, if required, as witnesses) and (C) provide such information, testimony and access to its books and records, in each case as shall be reasonably requested in connection with the contest or
defense, all at the sole cost and expense (not including employee compensation and benefits costs) of the contesting or defending party (unless the contesting or defending party is entitled to indemnification therefore under Article 8). For the
avoidance of doubt, this Section 5.4(c) shall not apply with respect to disputes between the parties hereto, other than with respect to cooperation by an Indemnifying Party related to any claim, or the commencement of any suit, action or
proceeding, by any Person not a party hereto in respect of which indemnity is to be, or is, sought under this Agreement. 
 5.5 Rights
under Prior Purchase Agreement. Seller covenants and agrees to promptly notify Purchaser of any potential claims for indemnification under the Prior Purchase Agreement or the Prior Escrow Agreement of which it or ResMor Trust becomes aware prior
to the Closing Date. 
  

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 5.6 Interim Operations of ResMor Trust. Seller covenants and agrees that, after the date hereof
and prior to the Closing Date, except as expressly provided in this Agreement or as may be agreed in writing by Purchaser: 
 (a) the business of ResMor Trust shall be conducted substantially in the same manner as heretofore conducted, and Seller shall use and shall cause ResMor Trust to use commercially reasonable efforts to preserve the business organization of
ResMor Trust intact, keep available the services of the current officers and employees of ResMor Trust and the employees of Seller and ResCap that provide services to ResMor Trust and maintain the existing relationships with customers, suppliers,
creditors, business partners and others having business dealings with ResMor Trust; 
 (b) prior to the Closing, Seller shall
not and shall cause ResMor Trust not to modify, amend or terminate any Material Contract, except in the ordinary course consistent with past practice; 
 (c) Seller shall not and shall cause ResMor Trust not to (i) incur expenses or indebtedness or other obligations in connection with the business of ResMor Trust other than in the ordinary course consistent with
past practice, (ii) pay or reimburse to Seller or its Affiliates any expenses of ResMor Trust that are of the type that would be required to be disclosed by Seller to Purchaser pursuant to Section 3.4(b) that accrue prior to the
Closing Date; and Seller shall cause ResMor Trust not to raise interest rate spreads on deposits materially in excess of ResMor Trust’s interest rate spreads in effect on the date of this Agreement for such deposits; 
 (d) Between September 30, 2008 and the Closing, total severance costs incurred by ResMor Trust, or allocated to ResMor Trust by
Seller or any of its Affiliates, shall not exceed CDN $500,000; 
 (e) Seller shall not and shall cause ResMor Trust not to
terminate or permit to lapse any Permits that are necessary for the operation of ResMor Trust and the failure to have which would cause a Material Adverse Effect; 
 (f) Seller shall not and shall cause RCC, 1020491 and ResMor Trust not to acquire, lease or license any assets or property or assume any
liabilities or sell, lease or license any assets or property or grant any Lien on the shares in the capital of RCC, 1020491 or ResMor Trust or any of their assets, except in the ordinary course consistent with past practice; 
 (g) Seller shall not and shall cause ResMor Trust not to make any change to increase the rate of base compensation, bonus opportunity or
other benefits of any employee of ResMor Trust or any employee of ResCap who provides services to ResMor Trust; 
 (h) Seller
shall not and shall cause ResMor Trust not to take, or agree to or commit to take, any action that would or is reasonably likely to result in any of the conditions to the Closing, as applicable, set forth in Article VI or Article VII,
not being satisfied, or would 

  

 26 

 
make any representation or warranty of Seller contained herein inaccurate in any material respect at, or as of any time prior to, the Closing Date or that
would materially impair the ability of Seller or Purchaser to consummate the Closing in accordance with the terms hereof or materially delay such consummation; 
 (i) Seller shall not and shall cause each of RCC, 1020491 and ResMor Trust not to amend any of the constituting documents of RCC, 1020491
or ResMor Trust; 
 (j) Seller shall not and shall cause each of RCC, 1020491 and ResMor Trust not to issue, sell or dispose
of any shares of RCC, 1020491 or ResMor Trust except pursuant to the Loan Agreements; 
 (k) Seller shall and shall cause
ResMor Trust to conduct the business of ResMor Trust in accordance with the requirements of Genworth and CMHC, as applicable, and in accordance with applicable Law in all material respects; 
 (l) Seller shall not and shall cause ResMor Trust not to originate, renew or purchase more than 10 uninsured Mortgages; 
 (m) Seller shall and shall cause ResMor Trust to consult with, and consider the recommendations of, Purchaser in connection with the
appointment any directors or officers of ResMor Trust; 
 (n) Seller shall not and shall cause RCC, 1020491 and ResMor Trust
not to declare or pay any dividends or distributions of any kind, other than proceeds of the Loan; and 
 (o) Seller shall not
and shall cause RCC, 1020491 and ResMor Trust not to enter into any agreement, Contract, commitment or arrangement to do any of the foregoing, or authorize, recommend, propose or announce an intention to do, any of the foregoing. 
 5.7 [Intentionally Omitted]. 
 5.8
Auto Finance; Canadian Regulatory. Purchaser and Seller shall, and Seller shall cause ResMor Trust to, reasonably cooperate to develop a business plan for ResMor Trust to engage in an auto finance business and to take steps towards effecting
such business plan, including developing procedures and systems, meeting with Governmental Authorities, and to engage in such other actions as reasonably requested by Purchaser in connection therewith, in each case in accordance with applicable Law.
Purchaser shall pay any out-of-pockets costs or expenses incurred prior to the Closing Date or Termination Date, as applicable, in connection with the activities described in the preceding sentence. Seller shall promptly notify Purchaser of any
correspondence or notices to or from, or meetings or conversations with, OFSI with respect to ResMor Trust’s proposal to conduct an auto finance business. 
 5.9 Supplements to Disclosures. Seller and Purchaser agree that, with respect to Seller’s representations and warranties contained in this Agreement, Seller shall have the continuing obligation until the
Closing to correct, supplement or amend promptly the written disclosures by Seller to Purchaser made on the date hereof pursuant to Article 1 or 3 hereto with respect to any matter arising or discovered after the date of this Agreement
(whether or not 

  

 27 

 
existing or known at the date of this Agreement) that causes the representations and warranties of Seller to be untrue or inaccurate in any respect, subject
to the last sentence of this Section 5.9; provided, that Seller shall have until the close of business on November 21, 2008 to make any such corrections, supplements or amendments to written disclosures by Seller to Purchaser
made on the date hereof pursuant to Article 1 or 3 hereto, so long as any such corrections, supplements or amendments do not relate to conditions, circumstances, events or omissions that are materially adverse to ResMor Trust or to
Seller’s ability to consummate the transactions contemplated by this Agreement. For all purposes of this Agreement, including for purposes of determining whether the conditions set forth in Article 6 have been fulfilled and including for
purposes of Article 8, written disclosures of Seller made on the date hereof shall be deemed to include only that information contained therein on the date of this Agreement, as such written disclosures may be corrected, supplemented or
amended through November 21, 2008, and shall be deemed to exclude all information contained in any such correction, supplement or amendment (other than any such correction, supplement or amendment made on or prior to November 21, 2008).
Seller and Purchaser acknowledge and agree that Purchaser requires a reasonable amount of time to review any corrections, supplements and amendments to the written disclosures made by Seller to Purchaser and, accordingly, shall provide Purchaser
with any corrections, supplements and amendments at least two Business Days prior to the Closing (unless a lesser time is agreed to by Purchaser). 
 5.10 Payment. Seller shall pay, or cause one or more of its Affiliates to pay, to ResMor Trust an aggregate amount of CDN $800,000 per year on or prior to August 1 of 2009, 2010, 2011, 2012 and 2013 and a pro-rated amount equal
to CDN $335,342.47 on or prior to December 31, 2013 as payment for Seller’s obligations in connection with the Master Application Maintenance Agreement for Optimus Omiga and Related Software, dated as of August 1, 2008, between
Marlborough Stirling Canada Limited (“Marlborough”) and ResMor Trust Company, to the extent such agreement has not been terminated and is in full force and effect, or to pay such lower amount as may be agreed to by ResMor Trust and
Marlborough in connection with a modification to such Contract. 
 5.11 Fairness Opinions. Purchaser and Seller shall each use their
best efforts to obtain the fairness opinions referenced in Section 6.6 and 7.6, respectively, by December 5, 2008 and to provide the other party with a copy of such party’s respective fairness opinion promptly upon
receipt thereof. 
 ARTICLE 6. 
 CONDITIONS PRECEDENT TO OBLIGATIONS OF PURCHASER 
 The obligation of Purchaser to execute this Agreement and consummate the
transactions contemplated hereby is, at the option of Purchaser, subject to satisfaction of each of the following conditions precedent on or before the Closing Date: 
 6.1 Warranties True as of Closing Date. The representations and warranties of Seller contained herein shall be accurate, true and correct in all material respects on and as of the date hereof, except those made
as of a specified date, in which case such representations and warranties of Seller shall have been accurate, true and correct in all material respects as of such date (other than representations and warranties qualified by materiality, which shall
be accurate in all respects as of such date). 
  

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 6.2 Compliance with Covenants. Seller shall have performed and complied with in all material
respects the covenants and agreements contained in this Agreement required to be performed and complied with by them on or prior to the Closing Date. 
 6.3 Deliveries by Seller. Seller shall have effected the deliveries required pursuant to Section 2.4. 
 6.4 Injunctions. No court or other Governmental Authority shall have issued an order, decree or ruling that shall then be in effect enjoining, restraining or prohibiting the completion of the transactions
contemplated hereby and no suit, action or proceeding shall have been instituted by a Governmental Authority that would reasonably be expected to enjoin, restrain, prohibit or otherwise challenge the transactions contemplated by this Agreement, or
that would be reasonably likely to prevent or make illegal the consummation of the transactions contemplated by this Agreement, and no Government Authority shall have notified Purchaser or Seller in writing that this Agreement or the consummation of
the transactions contemplated by this Agreement, this Agreement would in any manner constitute a violation of any Law and that it intends to commence any suit, action, or proceeding to restrain, enjoin or prohibit the transaction contemplated by
this Agreement. 
 6.5 Laws. There shall not be any Law restraining, enjoining or prohibiting the consummation of the transaction
contemplated by this Agreement, and no Governmental Authority shall have imposed any prohibition on (a) ResMor Trust’s ability to operate its business as currently operated or (b) ResMor Trust’s ability to conduct an auto finance
business of the type currently conducted by Purchaser and its Affiliates in Canada, excluding retail auto leasing. 
 6.6 Fairness
Opinion. Purchaser shall have received a written opinion of Sandler O’Neill & Partners, L.P. stating that the transactions contemplated hereby are fair from a financial point of view to Purchaser. 
 6.7 Supplements to Written Disclosures. After the date hereof, Seller shall not have delivered to Purchaser on or prior to November 21, 2008,
any corrections, supplements or amendments to the written disclosures made by Seller to Purchaser on the date hereof pursuant to Article 1 or 3 hereto that relate to conditions, circumstances, events or omissions that are materially
adverse to ResMor Trust or to Seller’s ability to consummate the transactions contemplated hereby. 
  

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 ARTICLE 7. 
 CONDITIONS PRECEDENT TO OBLIGATIONS OF SELLER 
 The obligation of Seller to execute this Agreement and
consummate the transactions contemplated hereby is, at the option of Seller, subject to the satisfaction of each of the following conditions precedent on or before the Closing Date: 
 7.1 Warranties True as of Closing Date. The representations and warranties of Purchaser contained herein shall be accurate, true and correct in
all material respects on and as of the date hereof, except those made as of a specified date (in which case such representations and warranties of Purchaser shall have been accurate, true, and correct in all material respects as of such date (other
than representations and warranties qualified by materiality, which shall be accurate in all respects as of such date). 
 7.2 Compliance
with Covenants. Purchaser shall have performed and complied with in all material respects the covenants and agreements contained in this Agreement required to be performed and complied with by it on or prior to the Closing Date. 
 7.3 Deliveries by Purchaser. Purchaser shall have effected the deliveries required pursuant to Section 2.5. 
 7.4 Injunctions. No court or other Governmental Authority shall have issued an order, decree or ruling that shall then be in effect enjoining,
restraining or prohibiting the completion of the transactions contemplated hereby and no suit, action or proceeding shall have been instituted by a Governmental Authority that would reasonably be expected to enjoin, restrain, prohibit or otherwise
challenge the transactions contemplated by this Agreement, or that would be reasonably likely to prevent or make illegal the consummation of the transactions contemplated by this Agreement, and no Government Authority shall have notified Purchaser
or Seller in writing that this Agreement or the consummation of the transactions contemplated by this Agreement would in any manner constitute a violation of any law, rule or regulation and that it intends to commence any suit, action, or proceeding
to restrain, enjoin or prohibit the transactions contemplated by this Agreement. 
 7.5 Laws. There shall not be any Law restraining,
enjoining or prohibiting the consummation of the transaction contemplated by this Agreement. 
 7.6 Fairness Opinion. The independent
members of the board of directors of ResCap shall have received a written opinion of Goldin Associates, LLC as to the fairness to ResCap, from a financial point of view, of the consideration to be received by ResCap, directly or through one or more
if its subsidiaries, from the sale of the Trust Shares to Purchaser pursuant to the terms hereof. 
  

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 ARTICLE 8. 
 SURVIVAL AND INDEMNIFICATION 
 8.1 Survival. The representations and warranties of the parties hereto
contained herein shall survive the Closing for a period of 24 months, except that (a) Tax Warranties in respect of a particular Tax shall survive until the Tax Statute of Limitations Date for such Tax and (b) Title and Authorization
Warranties shall survive forever. The covenant of Seller contained in Section 5.10 shall survive the Closing in accordance with its terms. Neither Purchaser nor Seller shall have any liability with respect to claims first asserted in
connection with any representation or warranty after the survival period specified therefor in this Section 8.1. 
 8.2
Indemnification by Seller. Subject to Section 8.4, Seller agrees to indemnify Purchaser, its Affiliates and its officers, directors, employees, successors and permitted assigns (the “Purchaser Indemnified
Parties”) after the Closing against and in respect of, and agree to hold the Purchaser Indemnified Parties harmless from, any and all Losses imposed on, incurred by or suffered by any Purchaser Indemnified Party arising out of or resulting
from any of the following: 
 (a) any breach of or any inaccuracy in any representation or warranty made by Seller in this
Agreement; provided, that Seller shall not have any liability under this Section 8.2(a) for any breach of or inaccuracy in any representation or warranty unless (i) in the case of all representations and warranties, except
Tax Warranties and Title and Authorization Warranties, a notice of the Purchaser Indemnified Party’s claim is given to Seller not later than 5:30 p.m. central time on the 24-month anniversary of the Closing Date, (ii) in the case of Tax
Warranties, a notice of the Purchaser Indemnified Party’s claim is given to Seller not later than 5:30 p.m. central time on the Tax Statute of Limitations Date for the particular Tax in question and (iii) in the case of Title and
Authorization Warranties, a notice of the Purchaser Indemnified Party’s claim is given to Seller at any time in the future promptly following discovery of such breach; provided, that the failure of the Purchaser Indemnified Party to give
such prompt written notice shall not relieve Seller of their obligations under this Article 8 except to the extent (if any) that Seller have been prejudiced thereby; or 
 (b) any breach of or failure by (excluding any breach or inaccuracy covered by Section 8.2(a) above) Seller to perform any
agreement, covenant, obligation or undertaking of Seller set out in this Agreement delivered at the Closing; provided, that Seller shall not have any liability under this Section 8.2(b) for any breach or failure occurring on or
prior to the Closing Date unless a notice of the Purchaser Indemnified Party’s claim is given to Seller not later than 5:30 p.m. central time on the 24-month anniversary of the Closing Date. 
 8.3 Indemnification by Purchaser. Subject to Section 8.4, Purchaser agrees to indemnify Seller, their respective Affiliates and their
respective officers, directors, employees, successors and permitted assigns (the “Seller Indemnified Parties”) after the Closing against and in respect of, and agree to hold the Seller Indemnified Parties harmless from, any and all
Losses asserted against, imposed on, incurred by or suffered by any Seller Indemnified Party arising out of or resulting from any of the following: 
 (a) any breach of or any inaccuracy in any representation or warranty made by Purchaser in this Agreement; provided, that Purchaser shall not have any liability under this Section 8.3(a) for any
breach of or inaccuracy in any representation or warranty unless (i) in the case of all representations and warranties, except for Title and Authorization Warranties, a notice of the Seller Indemnified Party’s claim is given to Purchaser
not later than 5:30 p.m. central time on the 24-month anniversary of the Closing Date and (ii) in the case of Title and Authorization Warranties, a notice of the Seller Indemnified Party’s claim is given to Purchaser at any time in the
future; or 
  

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 (b) any breach of or failure by (excluding any breach or inaccuracy covered by
Section 8.3(a) above) Purchaser to perform any agreement, covenant, obligation or undertaking of Purchaser set out in this Agreement; provided, that Purchaser shall not have any liability under this Section 8.3(b) for
any breach or failure occurring on or prior to the Closing, unless a notice of the Seller Indemnified Party’s claim is given to Purchaser not later than 5:30 p.m. central time on the 24-month anniversary of the Closing Date. 
 8.4 Limitations on Liability. Notwithstanding any other provision of this Agreement: 
 (a) Seller shall not have any liability pursuant to Section 8.2(a) unless and until the aggregate amount of all Losses
incurred or suffered by the Purchaser Indemnified Parties for which they are entitled to indemnification pursuant to Section 8.2(a) exceeds 1% of the Purchase Price (the “Basket Amount”), but in the event such Losses
exceed the Basket Amount, Seller shall be liable and responsible to the Purchaser Indemnified Parties for the full amount of such Losses (subject to Section 8.4(b)), without reduction for the Basket Amount. Purchaser shall not have any
liability pursuant to Section 8.3(a) unless and until the aggregate amount of all Losses incurred or suffered by the Seller Indemnified Parties for which they are entitled to indemnification pursuant to Section 8.3(a) exceeds
the Basket Amount, but in the event such Losses exceed the Basket Amount, Purchaser shall be liable and responsible to the Seller Indemnified Parties for the full amount of such Losses (subject to Section 8.4(b)), without reduction for
the Basket Amount. 
 (b) Other than for liability under Section 8.9 and Article 9, in no event shall the
aggregate liability of Seller for Losses incurred or suffered by the Purchaser Indemnified Parties exceed 25% of the Purchase Price (the “Indemnification Cap”). 
 (c) Other than liability under Section 8.9 or Article 9, or for breach of Purchaser’s obligations to make any
payment pursuant to Section 2.2, in no event shall the aggregate liability of Purchaser for Losses incurred or suffered by the Seller Indemnified Parties exceed the Indemnification Cap. 
 (d) The sole and exclusive liability and responsibility of Seller to the Purchaser Indemnified Parties under or in connection with this
Agreement or the transactions contemplated hereby (including for any breach of or inaccuracy in any representation or warranty or for any breach of any covenant or obligation) and the sole and exclusive remedy of the Purchaser Indemnified Parties
with respect to any of the foregoing, shall be as set forth in Article 8, Article 9 and Section 11.17. 
  

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 (e) The sole and exclusive liability and responsibility of Purchaser to the Seller
Indemnified Parties under or in connection with this Agreement or the transactions contemplated hereby (including for any breach of or inaccuracy in any representation or warranty or for any breach of any covenant or obligation) and the sole and
exclusive remedy of the Seller Indemnified Parties with respect to any of the foregoing, shall be as set forth in Article 8, Article 9 and Section 11.17. 
 8.5 Claims. As promptly as is reasonably practicable after knowledge of a claim for indemnification under this Agreement that does not involve a
third party claim, or the commencement of any suit, action or proceeding of the type described in Section 8.6, becomes within the knowledge of Purchaser or Seller, as the case may be, the Indemnified Person shall give written notice to
the Indemnifying Person of such claim, which notice shall specify in reasonable detail the nature of such claim and the estimated amount (if then susceptible to estimation) that the Indemnified Person at the time plans to seek hereunder from the
Indemnifying Person, together with such reasonably available information (if not already available to the Indemnifying Person) as may be necessary for the Indemnifying Person to determine that the limitations in Section 8.4 have been
satisfied or do not apply; provided, that failure of the Indemnified Person to give such notice of any such claim shall not release, waive or otherwise affect the obligations under this Article 8 of the Indemnifying Person with respect
thereto except to the extent that it is materially prejudiced by the failure or delay in giving such notice. 
 8.6 Notice of Third Party
Claims; Assumption of Defense. The Indemnified Person shall give written notice (the “Initial Notice”) as promptly as is reasonably practicable, but in any event no later than 10 Business Days after receiving notice thereof, to
the Indemnifying Person of the written assertion of any claim, or the commencement of any suit, action or proceeding, by any Person not a party hereto in respect of which indemnity is to be sought under this Agreement (which notice shall specify in
reasonable detail the nature of such claim and the estimated amount (if then susceptible to estimation) that the Indemnified Person at that time plans to seek hereunder from the Indemnifying Person, together with such reasonably available
information (if not already available to the Indemnifying Person) as may be necessary for the Indemnifying Person to determine that the limitations in Section 8.4 have been satisfied or do not apply); provided, that failure of the
Indemnified Person to give such notice of any such claim or commencement shall not release, waive or otherwise affect the obligations under this Article 8 of the Indemnifying Person with respect thereto except to the extent that it is
materially prejudiced by the failure or delay in giving such notice. The Indemnifying Person may, at its own expense, (a) participate in the defense of any such claim, suit, action or proceeding and (b) upon notice to the Indemnified
Person within 10 Business Days after the receipt of the Initial Notice from the Indemnified Person of the claim, suit, action or proceeding, assume the defense thereof with counsel of its own choice reasonably acceptable to the Indemnified Person,
and in the event of such assumption, shall have the exclusive right, subject to compliance by the Indemnifying Person with clauses (i) and (iii) of Section 8.7, to settle or compromise such claim, suit, action or
proceeding. If the Indemnifying Person does not so elect to assume such defense in accordance with the terms of this Section 8.6, the Indemnified Person may defend such claim, suit, action or proceeding in such manner as the Indemnified
Person may deem appropriate, including settling such claim or action or proceeding (after giving notice of the same to the Indemnifying Person) on such terms as the Indemnified Person may deem appropriate, and the Indemnifying Person 

  

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shall assist and cooperate with such defense in accordance with Section 5.3 and, if liable pursuant to this Article 8, shall promptly
indemnify the Indemnified Person in accordance with the provisions of this Article 8. If the Indemnifying Person so assumes such defense, the Indemnified Person shall have the right (but not the duty) to participate in the defense thereof and
to employ counsel separate from the counsel employed by the Indemnifying Person; provided, that the expense of separate counsel so employed shall be borne by the Indemnified Person unless there exists actual or potential conflicting interests
between the Indemnifying Person and the Indemnified Person. Whether or not the Indemnifying Person chooses to defend or prosecute any such claim, suit, action or proceeding, all of the parties hereto shall cooperate in the defense or prosecution
thereof. 
 8.7 Settlement or Compromise. Any settlement or compromise made or caused to be made by the Indemnified Person (unless the
Indemnifying Person has the exclusive right to settle or compromise under Section 8.6) or the Indemnifying Person, as the case may be, of any such claim, suit, action or proceeding of the kind referred to in Section 8.6 shall
also be binding upon the Indemnifying Person or the Indemnified Person, as the case may be, in the same manner as if a final judgment or decree had been entered by a court of competent jurisdiction in the amount of such settlement or compromise;
provided, that (a) no obligation, restriction or Loss shall be imposed on the Indemnified Person as a result of any settlement or compromise without its prior written consent, which consent shall not be unreasonably withheld or delayed,
(b) if the Indemnifying Person has assumed the defense of a claim, suit, action or proceeding pursuant to Section 8.6, the Indemnified Person shall not compromise or settle such claim, suit, action or proceeding without the prior
written consent of the Indemnifying Person, which consent shall not be unreasonably withheld or delayed, and (c) such settlement shall not contain any finding or admission of any violation of Law or any fault on the part of the Indemnified
Person, and shall not have any effect on any other claims that may be made by the Indemnified Person against the third party bringing the claim, suit, action or proceeding. 
 8.8 Net Losses; Subrogation; Mitigation. 
 (a) Notwithstanding anything contained herein to the contrary, the amount of any Losses incurred or suffered by an Indemnified Person shall be calculated after giving effect to (i) any insurance proceeds received
by the Indemnified Person (or any of its Affiliates) with respect to such Losses, but only if the insurance premium relating to such proceeds has not been paid for by the Indemnified Person, (ii) any Tax benefit actually realized by the
Indemnified Person (or any of its Affiliates) arising from the facts or circumstances giving rise to such Losses and from the payment of any amounts to the Indemnified Person (or any of its Affiliates) on account of any Losses and (iii) any
other recoveries directly relating to such Loss obtained by the Indemnified Person (or any of its Affiliates) from any other third party, less all Losses related to the pursuing and receipt of such recoveries and any related recoveries. Each
Indemnified Person shall exercise commercially reasonable efforts to obtain such proceeds, benefits and recoveries; provided, that no party shall be required to use such efforts if they would be detrimental in any material respect to such party. If
any such net proceeds, benefits or recoveries are received by an Indemnified Person (or any of its Affiliates) with respect to any Losses after an Indemnifying Person has made a payment to the Indemnified Person with respect thereto, the Indemnified
Person (or such Affiliate) shall pay to the Indemnifying Person the amount of such net proceeds, benefits or recoveries (up to the amount of the Indemnifying Person’s payment). 
  

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 (b) Upon making any payment to an Indemnified Person in respect of any Losses, the
Indemnifying Person shall, to the extent of such payment, be subrogated to all rights of the Indemnified Person (and its Affiliates) against any insurance company or any other third party from which the Indemnified Person (and its Affiliates) has
contractual indemnity rights, in respect of the Losses to which such payment relates. Such Indemnified Person (and its Affiliates) and Indemnifying Person shall execute upon request all instruments reasonably necessary to evidence or further perfect
such subrogation rights. 
 (c) Purchaser and Seller shall use commercially reasonable efforts to mitigate any Losses, whether
by asserting claims against a third party or by otherwise qualifying for a benefit that would reduce or eliminate an indemnified matter; provided, that no party shall be required to use such efforts if they would be detrimental in any
material respect to such party. Without limiting the generality of the foregoing, Purchaser shall exhaust all remedies available to it as assignee of Seller’s right, title and interest in and to the Prior Purchase Agreement with respect to
claims that relate solely to time periods prior to November 1, 2007 prior to asserting any claim against Seller. 
 8.9 Special Rule
for Fraud. Notwithstanding anything in this Article 8 or elsewhere in this Agreement to the contrary, in the event of a breach of a representation or warranty by any party to this Agreement that constitutes fraud, the representation or
warranty that has been breached will survive the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby (regardless of any investigation made by any party to this Agreement or on its behalf) and will
continue in full force and effect for perpetuity, and any Losses from any such breach shall not be subject to the indemnification basket, cap or other limitations contained in this Article 8. 
 ARTICLE 9. 
 TAX MATTERS 
 9.1 Transfer Taxes. All excise, goods and services, sales (including bulk sales), use, value added, registration, recording, documentary,
conveyancing, property, and transfer taxes incurred with the transactions contemplated by this Agreement (“Transfer Taxes”) shall be borne equally (50/50) by Purchaser and Seller. Seller and Purchaser shall cooperate to timely
prepare, and Seller shall file or cause to be filed any returns or other filings relating to such Transfer Taxes (unless Purchaser is required by applicable Law to file the return), including any claim for exemption or exclusion from the application
or imposition of any Transfer Taxes. With respect to any such returns or filings required to be filed by Seller, Seller shall provide Purchaser with a copy of such return or other filing and a copy of a receipt showing payment of any such Transfer
Tax. 
 9.2 Liability for Taxes and Related Matters. To the extent any liability for Taxes of any of RCC, 1020491 or ResMor Trust
is adjusted subsequent to the Closing Date, Seller shall pay the additional liability or receive refunds related to such adjustments with respect to amounts attributable to the Shares related to all Tax periods ending on or prior to Closing.
Notwithstanding any other provision in this Agreement, Purchaser shall be responsible for payment of Taxes of any of RCC, 1020491 or ResMor Trust that relate Tax 

  

 35 

 
periods commencing after Closing. Except as otherwise required by applicable Law, the parties agree that any changes to Taxes of any of RCC,
1020491 or ResMor Trust attributable to the Shares for all Tax periods prior to Closing shall be treated as a Purchase Price adjustment for income Tax purposes. If the Canadian tax authorities assess Purchaser, on the one hand, or Seller, on the
other hand, for any amount in respect of Taxes of Purchaser or Seller under Section 160 of the Income Tax Act (Canada), the other party shall indemnify the assessed party for 50% of any such amount, and Purchaser and Seller shall
cooperate in determining whether to contest any such assessment and the costs thereof shall be borne equally (50/50). 
 9.3
Cooperation. Purchaser and Seller shall reasonably cooperate with each other in a timely manner in the preparation and filing of any Tax Returns, including those of RCC, 1020491 or ResMor Trust, and the conduct of any Tax audit or
other Tax proceeding.
 9.4 Tax Returns. Purchaser shall cause each of 1020491, RCC and ResMor Trust to duly and timely make or
prepare in a manner consistent in all material respects with past practice all Tax Returns required to be made or prepared by it and to duly and timely file all Tax Returns required to be filed by it for any period that ends on or before the Closing
Date to the extent such Tax Returns have not been filed as of the Closing Date. Purchaser shall also cause each of 1020491, RCC and ResMor Trust to duly and timely make or prepare all Tax Returns required to be made or prepared by it and to duly and
timely file all Tax Returns required to be filed by it for periods beginning before and ending after the Closing Date. 
 ARTICLE 10.

 TERMINATION 
 10.1
Termination. Notwithstanding anything to the contrary contained in this Agreement, this Agreement may be terminated and the transactions contemplated hereby abandoned at any time on or prior to the Closing Date: 
 (a) by the mutual written consent of Seller and Purchaser; 
 (b) by either Seller or Purchaser if the transactions contemplated by this Agreement shall not have been consummated on or before
December 22, 2008 (the “Termination Date”); provided, that the right to terminate this Agreement under this Section 10.1(b) shall not be available to (i) Seller, if Seller’s failure to fulfill any
of its obligations under this Agreement or violation or breach of any covenant, agreement, representation or warranty contained in this Agreement has been the cause of, or has resulted in, the failure of the Closing to occur on or before such date,
or (ii) Purchaser, if Purchaser’s failure to fulfill any of its obligations under this Agreement or violation or breach of any covenant, agreement, representation or warranty contained in this Agreement has been the cause of, or has
resulted in, the failure of the Closing to occur on or before such date; 
 (c) by Seller or Purchaser if any court of
competent jurisdiction shall have issued an order, judgment or decree permanently restraining, enjoining or otherwise prohibiting the transactions contemplated by this Agreement and such governmental order shall have become final and nonappealable;

  

 36 

 (d) by Purchaser, if any Governmental Authority shall have imposed any prohibition on
(a) ResMor Trust’s ability to operate its business as currently operated or (b) ResMor Trust’s ability to conduct an auto finance business of the type currently conducted by Purchaser and its Affiliates in Canada, excluding
retail auto leasing. 
 (e) by Purchaser, if there has been a violation or breach by Seller of any covenant, agreement,
representation or warranty contained in this Agreement which has rendered the satisfaction of any condition to the obligations of Purchaser impossible and such violation or breach has not been cured by Seller within ten Business Days after Purchaser
delivers to Seller a written notice of such violation or breach; and 
 (f) by Seller, if there has been a violation or breach
by Purchaser or any covenant, agreement, representation or warranty contained in this Agreement which has rendered the satisfaction of any condition to the obligations of Seller impossible and such violation or breach has not been cured by Purchaser
within ten Business Days after Seller deliver to Purchaser a written notice of such violation or breach. 
 10.2 Procedure and Effect of
Termination. In the event of termination of this Agreement and abandonment of the transactions contemplated by this Agreement by either or both of the parties pursuant to Section 10.1, written notice thereof shall forthwith be given
by the terminating party to the other party and this Agreement shall terminate and the transactions contemplated by this Agreement shall be abandoned, without further action by any of the parties hereto; provided, that (a) Article
11 shall survive the termination of this Agreement and (b) no such termination shall relieve any party from any Losses arising out of any breach of this Agreement by a party that occurs upon or prior to the termination of this Agreement.

 ARTICLE 11. 
 MISCELLANEOUS

 11.1 Expenses. Each party hereto shall bear its own expenses with respect to this transaction; provided, that Purchaser
shall reimburse Seller for all costs and expenses incurred by Seller in connection with the engagement of Goldin Associates, LLC with respect to the transactions contemplated hereby and Purchaser shall pay the out-of-pocket costs and expenses set
forth in Section 5.8. 
 11.2 Amendment. This Agreement may be amended, modified or supplemented only in writing signed by
each of the parties hereto. 
 11.3 Notices. Any written notice to be given hereunder shall be deemed given: (a) when received if
given in person or by nationally recognized courier; (b) on the date of transmission if sent by telecopy, e-mail or other wire transmission (receipt confirmed); (c) three 

  

 37 

 
Business Days after being deposited in the US mail, certified or registered mail, postage prepaid; and (d) if sent by an internationally recognized
overnight delivery service, the second Business Day following the date given to such overnight delivery service (specified for overnight delivery and receipt confirmed). All notices shall be addressed as follows: 
 If to Seller, addressed as follows: 
 GMAC
Residential Funding of Canada, Limited 
 3250 Bloor Street West, East Tower, Suite 1400 
 Etobicoke, Ontario, Canada M8X 2X9 
 Attn:
President 
 Telephone: (416) 734-3067 
 Facsimile: (866) 772-6175 
 with a copy to: 
 Residential Capital, LLC 
 One Meridian
Crossings, Suite 100 
 Minneapolis, Minnesota 55423 
 Attn: General Counsel 
 Telephone: (952) 857-6415 
 Facsimile: (952) 352-0586 
 and a copy
to: 
 Skadden, Arps, Slate, Meagher & Flom LLP 
 One Rodney Square 
 P.O. Box 636 
 Wilmington, Delaware 19899-0636 
 Attn:
Allison L. Land, Esq. 
 Telephone: 302.651.3180 
 Facsimile: 888.329.3021 
  

 38 

 If to Purchaser, addressed as follows: 
 GMAC LLC 
 200 Renaissance Center 

Detroit Michigan, MI 48235 
 Attn: General
Counsel 
 Telephone: (313) 565-6128 
 Facsimile: (313) 656-6189 
 with a copy to: 
 Mayer Brown LLP 
 71 South Wacker Drive 
 Chicago, Illinois 60606 
 Attention: Elizabeth
A. Raymond, Esq. 
 Telephone: (312) 701-7322 
 Facsimile: (312) 701-7711 
 and a copy to: 
 Torys LLP 
 79 Wellington Street West, Suite
3000 
 Toronto, Ontario, M5K 1N2 Canada 
 Attention: Blair W. Keefe 
 Telephone: (416) 865-8164 
 Facsimile: (416) 865-7380 
 11.4
Waivers. The failure of a party to require performance of any provision hereof shall not affect its right at a later time to enforce the same. No waiver by a party of any term, covenant, representation or warranty contained herein shall be
effective unless in writing. No such waiver in any one instance shall be deemed a further or continuing waiver of any such term, covenant, representation or warranty in any other instance. 
 11.5 Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument. 
 11.6 Headings. The headings preceding the text of Articles and Sections of this Agreement
and the Exhibits hereto are for convenience only and shall not be deemed part of this Agreement. 
 11.7 Applicable Law. THIS
AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE INTERNAL LAWS (BOTH SUBSTANTIVE AND PROCEDURAL), AND NOT THE CONFLICT OF LAWS PRINCIPLES OF THE STATE OF DELAWARE. 
 11.8 Assignment. This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and permitted
assigns; provided, that no assignment of either party’s rights or obligations may be made without the written consent of the other party, which consent shall not be unreasonably withheld or delayed, other than (i) an assignment to
an 

  

 39 

 
Affiliate of either party, including in connection with any financing transactions entered into by Purchaser or (ii) an assignment by Purchaser to any
subsequent purchaser of the Business or all or substantially all of the Shares so long as such subsequent purchaser agrees in writing to comply with Purchaser’s obligations hereunder. 
 11.9 No Third Party Beneficiaries. This Agreement is solely for the benefit of the parties hereto and, solely with respect to Article 8 and
Article 9, any Indemnified Person hereunder, and, except as aforesaid, no provision of this Agreement shall be deemed to confer any remedy, claim or right upon any third party, including any employee or former employee of Seller or any
participant or beneficiary in any benefit plan, program or arrangement. 
 11.10 Waiver of Jury Trial. EACH PARTY HEREBY WAIVES ITS
RIGHTS TO A JURY TRIAL IN CONNECTION WITH ANY SUIT, ACTION OR PROCEEDING BROUGHT BY SUCH PARTY AGAINST THE OTHER IN CONNECTION WITH OR ARISING FROM THIS AGREEMENT. 
 11.11 Written Disclosures. Neither the specification of any dollar amount in any representation or warranty contained in this Agreement nor the inclusion of any specific item in any written disclosure by Seller
to Purchaser made pursuant to the terms of this Agreement is intended to imply that such amount, or higher or lower amounts, or the item so included or other items, are or are not material, and no party shall use the fact of the setting forth of any
such amount or the inclusion of any such item in any dispute or controversy between the parties as to whether any obligation, item or matter not described herein or included in any written disclosure by Seller to Purchaser made pursuant to the terms
of this Agreement is or is not material for purposes of this Agreement. Unless this Agreement specifically provides otherwise, neither the specification of any item or matter in any representation or warranty contained in this Agreement nor the
inclusion of any specific item in any written disclosure by Seller to Purchaser made pursuant to the terms of this Agreement is intended to imply that such item or matter, or other items or matters, are or are not in the ordinary course of business,
and no party shall use the fact of the setting forth or the inclusion of any such item or matter in any dispute or controversy between the parties as to whether any obligation, item or matter not described herein or included in any written
disclosure by Seller to Purchaser made pursuant to the terms of this Agreement is or is not in the ordinary course of business for purposes of this Agreement. 
 11.12 Time of Essence. Time is of the essence in this Agreement. 
 11.13 Incorporation. The
respective Exhibits attached hereto and referred to herein are incorporated into and form a part of this Agreement. 
 11.14
Complete Agreement. This Agreement (together with the Exhibits hereto) constitutes the complete agreement of the parties with respect to the subject matter hereof and supersede all prior discussions, negotiations and understandings.

 11.15 Disclaimer. Seller disclaims any representations or warranties except as specifically set forth in this Agreement (or any
agreement or document referred to in this Agreement or delivered in connection with the transactions contemplated by this Agreement). 
  

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 11.16 Public Announcements. Seller and Purchaser each agree that they and their Affiliates shall
not issue any press release or otherwise make any public statement or respond to any media inquiry with respect to this Agreement or the transactions contemplated hereby without the prior approval of the other parties, which shall not be
unreasonably withheld or delayed, except as may be required by Law or by any stock exchanges having jurisdiction over Seller, Purchaser or their Affiliates. 
 11.17 Specific Performance. The parties hereto agree that irreparable damage would occur in the event that any party fails to consummate the transactions contemplated hereby in accordance with the terms of this
Agreement and that the parties shall be entitled to specific performance in such event, in addition to any other remedy at law or in equity. 
 11.18 Further Assurances. At any time and from time to time after the Closing, at Purchaser’s reasonable request and without further consideration, Seller shall execute and deliver, and cause its Affiliates, as appropriate, to
execute and deliver, such other instruments of sale, transfer, conveyance, assignment and confirmation and take such further actions as Purchaser may reasonably deem necessary or desirable in order to more effectively transfer, convey and assign to
Purchaser (or any successor or permitted assign of Purchaser), and to confirm Purchaser’s (and any such successor’s and assign’s) title to the Shares, to put Purchaser (and any such successor and assign) in actual possession and
operating control thereof and to assist Purchaser (and any such successors and assigns) in exercising all rights, title and interests with respect thereto. 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and delivered on
November 20, 2008. 
  

			
	GMAC RESIDENTIAL FUNDING OF CANADA, LIMITED
		
	By:	 	/s/ Tracie Tesser
	Name:	 	Tracie Tesser
	Title:	 	President
	
	GMAC LLC
		
	By:	 	/s/ Robert Hull
	Name:	 	Robert Hull
	Title:	 	Chief Financial OfficerPledge and Security Agreement dated as of November 20, 2008

 Exhibit 10.2 
 PLEDGE AND SECURITY AGREEMENT 
  

			
	 THIS AGREEMENT
	  	is made as of November 20, 2008
		
	 TO:
	  	GMAC LLC, a Delaware limited liability company, as Lender (together with its successors and assigns, the “Lender”);
		
	 GRANTED BY:
	  	GMAC RESIDENTIAL FUNDING OF CANADA, LIMITED, a company organized under the laws of Canada, together with its successors and assigns, the “Grantor”);

 WHEREAS, pursuant to a Loan Agreement, dated as of the date hereof, between the Grantor, as
Borrower (the “Borrower”), and the Lender, as Lender (as amended, supplemented, restated or otherwise modified from time to time, the “Loan Agreement”), the Lender agreed to make a loan to the Borrower (the
“Loan”); 
 AND WHEREAS, as a requirement under the Loan Agreement and the making of the Loan under the Loan Agreement, the
Grantor is required to execute and deliver this Agreement. 
 NOW THEREFORE, the parties agree as follows: 
 ARTICLE 1 
 DEFINITIONS AND
PRINCIPLES OF INTERPRETATION 
  

	1.1	Defined Statutory Terms 

 Unless the context otherwise requires or
unless otherwise specified, all the terms used in this Agreement without initial capitals, which are defined in the PPSA (as defined below) or the STA (as defined below), have the same meanings in this Agreement as in the PPSA or the STA, as
applicable. 
  

	1.2	Definitions 

 Wherever used in this Agreement (including in the
recitals hereto), all capitalized terms used and not defined have the meanings ascribed to them in the Loan Agreement and the following words and terms have the meanings set out below: 
 “1020491” means 1020491 Alberta Ltd., a corporation existing under the laws of Alberta; 
 “1020491 Shares” means all of the issued and outstanding shares of 1020491; 
 “CDIC” means the Canada Deposit Insurance Corporation; 
 “Control Agreement” means any present or future agreement or agreements entered into by the Grantor, the Lender and the applicable issuer, securities intermediary or futures intermediary, whereby the
parties intend for the Lender to obtain control of Pledged Securities; 
  

 PLEDGE AND SECURITY AGREEMENT 
  

 “Governmental Authority” means any U.S., Canadian, state, provincial or municipal
entity, any foreign government and any political subdivision or other executive, legislative, administrative, judicial, quasi-judicial or other governmental department, commission, court, board, bureau, agency or instrumentality, domestic or
foreign; 
 “Issuers” means the issuers in respect of all securities now or in the future held at any time or from time to
time by the Grantor or its nominee or agent, including those issuers listed on Schedule 4.1(b); 
 “Lien” means any lien,
mortgage, hypothec, pledge, assignment, security interest, charge or encumbrance of any kind and any option, trust or other preferential arrangement having the practical effect of any of the foregoing which secures payment or performance of an
obligation; 
 “OSFI” means the Office of the Superintendent of Financial Institutions (Canada); 
 “Pledged Securities” means (i) all the securities listed on Schedule 4.1(d), as such schedule may be amended or replaced from time
to time, including all warrants and options relating to such securities and any substitutions, additions and proceeds arising out of any consolidation, subdivision, reclassification, conversion, stock dividend or similar increase or decrease in or
alteration of the capital of such Persons or any other event and any securities acquired pursuant to the exercise of a right or offer granted or made by the Grantor to the extent that any such right or offer arises out of the ownership of any shares
in the capital of such Persons; and (ii) all Proceeds therefrom and all interest, dividends, distributions, income or revenue thereon and therefrom, including personal property in any form derived directly or indirectly from any dealing with
such property or proceeds therefrom, and any payment as indemnity or compensation for loss or damage to such property or any right to such payment, and any payment made in total or partial discharge or redemption of such property; 
 “PPSA” means the Personal Property Security Act, R.S.O. 1990, c.P.10; 
 “Proceeds” means all proceeds and personal property in any form derived directly or indirectly from any dealing with all or any part of
the Pledged Securities, and proceeds of proceeds and any part of any such proceeds; 
 “RCC” means ResMor Capital
Corporation, a corporation existing under the laws of Alberta; 
 “RCC Shares” means all of the issued and outstanding shares
of RCC owned by the Grantor; 
 “ResMor Trust” means ResMor Trust Company, a Canadian federally incorporated trust company;

  

 PLEDGE AND SECURITY AGREEMENT 
 - 2 - 

 “Securities Account” means all of the present or future securities accounts maintained
for the Grantor by a securities intermediary, including all of the financial assets credited to such securities accounts, all related securities entitlements and the agreements between the Grantor and the securities intermediary governing such
securities accounts; 
 “Security Interest” means the security interest granted under Section 2.1; and 
 “STA” means the Securities Transfer Act, 2006, S.O. 2006, c. 8. 
  

	1.3	Certain Rules of Interpretation 

 In this Agreement: 
  

	 	(a)	Governing Law – This Agreement is a contract made under and shall be governed by and construed in accordance with the laws of the Province of Ontario and the federal
laws of Canada applicable in the Province of Ontario without prejudice to or limitation of any other rights or remedies available under the laws of any jurisdiction where property or assets of the Grantor may be found. 

  

	 	(b)	Headings – Headings of Articles and Sections are inserted for convenience of reference only and shall not affect the construction or interpretation of this
Agreement. 

  

	 	(c)	Including – Where the word “including” or “includes” is used in this Agreement, it means “including (or includes) without limitation”.

  

	 	(d)	No Strict Construction – The language used in this Agreement is the language chosen by the parties to express their mutual intent, and no rule of strict construction
shall be applied against any party. 

  

	 	(e)	Number and Gender – Unless the context otherwise requires, words importing the singular include the plural and vice versa and words importing gender include all
genders. 

  

	 	(f)	Severability – If, in any jurisdiction, any provision of this Agreement or its application to any party or circumstance is restricted, prohibited or unenforceable, such
provision shall, as to such jurisdiction, be ineffective only to the extent of such restriction, prohibition or unenforceability without invalidating the remaining provisions of this Agreement and without affecting the validity or enforceability of
such provision in any other jurisdiction or without affecting its application to other parties or circumstances. 

  

	 	(g)	Statutory references – A reference to a statute includes all regulations made pursuant to such statute and, unless otherwise specified, the provisions of any statute or
regulation which amends, revises, restates, supplements or supersedes any such statute or any such regulation or, in each case, any provision thereof. 

  

	 	(h)	Time – Time is of the essence in the performance of the parties’ respective obligations. 

  

 PLEDGE AND SECURITY AGREEMENT 
 - 3 - 

	 	(i)	References to Agreements – The term “this Agreement” refers to this agreement including all schedules, amendments, supplements, extensions, renewals,
replacements, novations or restatements from time to time, in each case as permitted, and references to “Articles” or “Sections” means the specified Articles or Sections of this Agreement. 

  

	 	(j)	Paramountcy – Except as otherwise specifically provided in this Agreement, in the event of any conflict or inconsistency between a term or provision of this Agreement
and a term or provision of the Loan Agreement, the provisions of the Loan Agreement shall govern and prevail to the extent required to resolve the conflict or inconsistency and to the extent necessary to preserve the rights of the Lender in the
Pledged Securities. Any right or remedy in this Agreement which may be in addition to the rights and remedies contained in the Loan Agreement shall not constitute a conflict, inconsistency, ambiguity or difference. 

  

	1.4	Entire Agreement 

 This Agreement, together with the other Loan
Documents constitutes the entire agreement between the parties and set out all the covenants, promises, warranties, representations, conditions, understandings and agreements between the parties pertaining to the subject matter of this Agreement and
supersede all prior agreements, understandings, negotiations and discussions, whether oral or written. There are no covenants, promises, warranties, representations, conditions, understandings or other agreements, oral or written, express, implied
or collateral between the parties in connection with the subject matter of this Agreement except as specifically set forth in this Agreement and the other Loan Documents. 
  

	1.5	Schedules 

 The schedules to this Agreement, as listed below, are an
integral part of this Agreement: 
  

			
	 Schedule
	  	 Description

		
	 4.1(b)
	  	Issuers
		
	 4.1(d)
	  	Pledged Securities

 ARTICLE 2 
 SECURITY INTERESTS 
  

	2.1	Security Interest 

 As continuing security for the repayment and the
performance of the Obligations of the Grantor, the Grantor grants to the Lender, a first continuing, specific and fixed security interest (the “Security Interest”) in all of the Grantor’s Pledged Securities. 
  

	2.2	Fixed Nature of Security Interests 

 The Security Interest is
intended to operate as a fixed and specific charge of all of the Pledged Securities presently existing, and with respect to all future Pledged Securities, to operate as a fixed and specific charge of such future Pledged Securities. 
  

 PLEDGE AND SECURITY AGREEMENT 
 - 4 - 

	2.3	Attachment 

 The Grantor acknowledges that value has been given. The
Security Interest of the Grantor is intended to attach, as to all of the Pledged Securities, upon the execution by the Grantor of this Agreement. 
  

	2.4	Pledged Securities 

 The Grantor delivers to and deposits with the
Lender all security or other certificates evidencing the Pledged Securities held by the Grantor together with all other necessary documents and effective endorsements to enable the Lender or its agent or nominee, as the Lender may direct, to be
registered as the owner of and to transfer or sell or cause to be transferred or sold the Pledged Securities upon any enforcement of the Lender’s rights and remedies. If the Grantor acquires any security certificates evidencing the Pledged
Securities held by the Grantor after the date of this Agreement, the Grantor shall as soon as practicable deliver and deposit all such security certificates to the Lender, its agent or nominee, together with all other necessary documents and
effective endorsements to enable the Lender or its agent or nominee to be registered as the owner of and to transfer or sell or cause to be transferred or sold such Pledged Securities upon any enforcement of the Lender’s rights and remedies. To
the extent that any of the Pledged Securities are uncertificated securities registered in the name of the Grantor or its nominee or agent, the Grantor shall immediately: 
  

	 	(a)	cause the issuer of the Pledged Securities to register the Lender or its agent or nominee, as the Lender may direct, as the registered owner of such Pledged Securities; or

  

	 	(b)	deliver to the Lender an irrevocable agreement of the issuer of such Pledged Securities satisfactory to the Lender that the issuer will comply with instructions that are originated
by the Lender without the further consent of the Grantor. 

 Notwithstanding the foregoing, the Lender may, at its sole and unfettered
discretion, require that the Pledged Securities be registered at any time in the name of the Lender or as it may direct. 
 ARTICLE 3 

 OBLIGATIONS SECURED 
  

	3.1	Obligations 

 The Security Interest constitutes and will constitute
continuing security for the following obligations of the Grantor to the Lender pursuant to the Loan Documents: 
  

	 	(a)	Indebtedness – The prompt payment, as and when due and payable, of all Obligations; and 

  

	 	(b)	Performance of Agreements – The strict performance and observance by the Grantor of all agreements, warranties, representations, covenants and conditions of the Grantor
made pursuant to this Agreement and the other Loan Documents, in each case as now in effect or as subsequently entered into, amended, restated, supplemented, renewed, extended or replaced from time to time. 

  

 PLEDGE AND SECURITY AGREEMENT 
 - 5 - 

 ARTICLE 4 
 GRANTOR’S REPRESENTATIONS, WARRANTIES AND COVENANTS 
  

	4.1	Representations and Warranties 

 The Grantor represents and warrants
to the Lender the matters set out below: 
  

	 	(a)	Place of Business of Grantor - The following are the Grantor’s places of 

 business, chief executive office and registered or head office: 
 Place of Business and Chief Executive
Office: 
 3250 Bloor Street West, East Tower, Suite 1400 
 Etobicoke, Ontario, 
 M8X 2X9 
 Registered Office: 
 Suite 5300, TD Bank Tower 
 Toronto Dominion Centre 
 Toronto, Ontario

 M5K 1E6 
  

	 	(b)	No Other Corporate Names or Styles – It does not carry on business under or use any name or style other than the names specified in this Agreement, including any names
in the French language. 

  

	 	(c)	Authority of Grantor - Grantor is a corporation organized and existing under the laws of Canada. Grantor has good and sufficient company power, authority and right to enter
into and deliver this Agreement and to complete the transactions to be completed by Grantor hereunder. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been approved by all the directors
of ResCap, including its independent directors, under Section 2(b) of the Amended and Restated Operating Agreement, dated as of November 27, 2006, between General Motors Corporation, GMAC and ResCap. This Agreement constitutes a valid and
legally binding obligation of Grantor, enforceable against Grantor in accordance with its terms, except as such enforceability may be limited by principles of public policy and subject to the laws of general application relating to bankruptcy,
insolvency, and the relief of debtors and to rules of law governing specific performance, injunctive relief and other equitable remedies. Grantor is not a non-resident of Canada within the meaning of the Income Tax Act (Canada).

  

	 	(d)	Ownership of Pledged Securities – 

  

	 	(i)	Schedule 4.1(d) sets forth all the Pledged Securities owned by the Grantor and such Pledged Securities constitute the percentage of issued and outstanding shares of stock,
percentage of membership interests, percentage of partnership interests or percentage of beneficial interest of the respective Issuers thereof indicated on such Schedule 4.1(d); 

  

 PLEDGE AND SECURITY AGREEMENT 
 - 6 - 

	 	(ii)	The Grantor is the registered and beneficial owner of, and has good title to, the Pledged Securities held by the Grantor, subject only to the Security Interest;

  

	 	(iii)	The Pledged Securities have been duly issued and are outstanding as fully paid and non-assessable securities and all of the warrants and options relating thereto are in full force
and effect; 

  

	 	(iv)	The 1020491 Shares constitute all of the issued and outstanding shares or other equity interests (including any rights to acquire such interests) of 1020491. The authorized capital
of 1020491 consists of an unlimited number of common shares without nominal or par value. There are 9,885,613.35 issued and outstanding 1020491 Shares, and Grantor is the owner of all right, title and interest (record and beneficial) in and to all
of the 1020491 Shares, free and clear of any Lien. All of the 1020491 Shares have been duly authorized, validly issued and are outstanding as fully paid and non-assessable shares. 

  

	 	(v)	The RCC Shares constitute all of the issued and outstanding shares or other equity interests (including any rights to acquire such interests) of RCC owned by the Grantor. The
authorized capital of RCC consists of an unlimited number of Class A Common Shares of RCC and an unlimited number of Class B Common Shares of RCC. There are 11,393 issued and outstanding Class A Common Shares. Grantor is the owner of all
right, title and interest (record and beneficial) in and to 1,508 Class A Common Shares, and 1020491 is the owner of all right, title and interest (record and beneficial) in and to 9,885 Class A Common Shares, in each case free and clear
of any Lien. There are 100,000 issued and outstanding Class B Common Shares of RCC. Grantor is the owner of all right, title and interest (record and beneficial) in and to 38,665 Class B Common Shares, and 1020491 is the owner of all right, title
and interest (record and beneficial) in and to 61,335 Class B Common Shares, in each case free and clear of any Lien. All of the RCC Shares have been duly authorized, validly issued and are outstanding as fully paid and non-assessable shares.

  

	 	(vi)	None of the rights of the Grantor arising as the legal and beneficial owner of the Pledged Securities held by the Grantor have been surrendered, cancelled or terminated;

  

	 	(vii)	There is no default or dispute existing in respect of the Pledged Securities; 

  

	 	(viii)	All of the Pledged Securities are certificated and the articles of association or other constating documents, as applicable, of each Issuer that is a limited liability company
expressly states that the Pledged Securities thereof are “securities” for the purposes of the STA; 

  

 PLEDGE AND SECURITY AGREEMENT 
 - 7 - 

	 	(e)	No delivery has occurred in respect of any Pledged Securities that constitute uncertificated securities of the Issuers other than any delivery in favour of the Lender (in respect of
Pledged Securities that have the Lender named as the registered owner thereof); 

  

	 	(f)	The Grantor has not given its consent to any agreement whereby any of the Issuers agree to comply with instructions that are originated by any Person other than the Grantor in
respect of any Pledged Securities that constitute uncertificated securities, without the further consent of the Grantor, other than any such consents given by the Grantor relating to agreements for instructions to be originated by the Lender; and

  

	 	(g)	No consent of, or declaration, filing or registration with, CDIC, OSFI or any other Governmental Authority or Person is required to be obtained or made, as applicable, by the
Grantor, RCC or 1020491 or ResMor Trust in connection with the execution, delivery and performance of its obligations under this Agreement and the other Loan Documents, or the consummation of the transactions contemplated by this Agreement or the
other Loan Documents, except for consents, declarations, filings and registrations the failure to have which, individually or in the aggregate, would not reasonably be expected to have a material adverse effect on the ability of the Grantor to
consummate the transactions contemplated hereby and satisfy all its obligations hereunder. 

 All representations and warranties of the Grantor
made in this Agreement or in any certificate or other document delivered by or on behalf of the Grantor to or for the benefit of the Lender are material, shall survive and shall not merge upon the execution and delivery of this Agreement and shall
continue in full force and effect. The Lender shall be deemed to have relied upon such representations and warranties notwithstanding any investigation made or lack thereof by or on behalf of the Lender at any time. 
  

	4.2	Covenants 

 The Grantor covenants and agrees that: 
  

	 	(a)	Notification to Lender – It shall as soon as practicable notify the Lender of: 

  

	 	(i)	Claims and Liens – any claim or Lien made or asserted against any of the Pledged Securities; and 

  

	 	(ii)	Loss or Damage – all loss or damage to or loss of possession of all or any part of the Pledged Securities other than by disposition in accordance with the terms of this
Agreement; 

 and the Grantor shall, at its own expense, defend the Pledged Securities against any and all such claims or Liens
other than as permitted pursuant to the Loan, including any adverse claim as defined in the STA, and against any and all such suits, actions or proceedings; 
  

 PLEDGE AND SECURITY AGREEMENT 
 - 8 - 

	 	(b)	Delivery of Documents – It shall deliver to the Lender as soon as practicable upon request: 

  

	 	(i)	Documents – any certificated securities to be pledged pursuant to this Agreement and upon such delivery, where applicable, duly endorse the same for transfer in blank or
as the Lender may direct; and 

  

	 	(ii)	Other Information – such information concerning the Pledged Securities, the Grantor and the Grantor’s business and affairs as the Lender may reasonably request;

  

	 	(c)	Changes and Other Names – It shall not, without giving 15 days prior written notice to the Lender, (i) change its name nor add a French form of name as it appears
in official filings in the jurisdiction of its organization; (ii) change its registered office, head office, chief executive office, places of business, corporate offices, or the location of its books and records; (iii) change the type of
entity that it is; (iv) change its jurisdiction of incorporation or organization; 

  

	 	(d)	No Affecting the Security – It shall not do, permit or suffer to be done anything to adversely affect the ranking, validity or perfection of the Security Interest; and

  

	 	(e)	Investment Property – 

  

	 	(i)	Additional Certificates – If the Grantor shall become entitled to receive or shall receive any security certificate, option or right in respect of the Pledged
Securities, the Grantor shall accept as the Lender’s agent, and shall hold such security certificates in trust for the Lender and immediately deliver them to the Lender (or to the Lender’s agent or nominee, as the Lender may direct) in the
exact form received, together with the documents and effective endorsements to enable the Lender or its nominee to be registered as owner, to be held by the Lender as additional security for the Obligations. Upon the occurrence of an Event of
Default which is continuing, any sums paid in respect of the Pledged Securities upon the liquidation or dissolution of the Issuers shall forthwith be paid to the Lender to be held by it as part of the Pledged Securities. Upon the occurrence of an
Event of Default which is continuing, any distribution of capital shall be made in respect of the Pledged Securities or any property shall be distributed with respect to the Pledged Securities pursuant to the recapitalization, reclassification or
reorganization of the capital of the Issuers, the property so distributed shall forthwith be delivered to the Lender or its agent or nominee as the Lender may direct to be held by it as part of the Pledged Securities. Upon the occurrence of an Event
of Default which is continuing, if any money or property paid or distributed in respect of the Pledged Securities shall be received by the Grantor, the Grantor shall, until such money or property is paid or delivered to the Lender, hold the money or
property in trust for the Lender, segregated from other funds of the Grantor, as part of the Pledged Securities; 

  

 PLEDGE AND SECURITY AGREEMENT 
 - 9 - 

	 	(ii)	Issuance of Additional Securities – It shall not permit any issuance of additional securities in the capital of the Issuers unless all such additional securities are,
immediately upon their issuance, pledged with a first priority security interest in favour of the Lender and the Grantor does, or causes to be done, all such acts and things and provides such agreements, instruments and documents necessary for the
Lender to obtain control of such additional securities within the meaning of the STA; 

  

	 	(iii)	Equity Interests – The Grantor shall not acquire any interest in, or title to, any uncertificated security or any share, participation or other interest of or in any
Issuer, or in property or an enterprise of any Issuer, that is not a security within the meaning of the STA (each an “Equity Interest”) without, prior to obtaining or acquiring such Equity Interest, receiving from the Lender
confirmation that all agreements, instruments, documents and things have been provided, and all acts and things have been done, that are determined by the Lender to be necessary or desirable to ensure that the Lender has and will continue to have a
valid and perfected first priority Lien in such Equity Interest securing the Obligations. 

  

	 	(iv)	No Transfer – It shall not sell, dispose of, assign, convey or otherwise transfer any of the Pledged Securities, or any rights thereunder other than pursuant to the
Purchase Agreement; 

  

	 	(v)	Constating Documents – It shall not, without the prior written consent of the Lender, amend the articles of association or other constating documents of any limited
liability company that is an Issuer if such amendment would result in any Pledged Securities ceasing to be a security within the meaning of the STA; 

  

	 	(vi)	No Granting of Control – It shall not: 

  

	 	(A)	deliver any Pledged Securities that constitute uncertificated securities to any Person other than the Lender; or 

  

	 	(B)	consent to any agreement whereby any Issuer agrees to comply with instructions that are originated by any Person other than the Lender in respect of any Pledged Securities held by
the Grantor that constitute uncertificated securities. 

 ARTICLE 5 
 RIGHT TO DEAL 
  

	5.1	Rights before Default 

 Until the occurrence of an Event of Default
which is continuing and subject to the terms of this Agreement, the Grantor is entitled to deal with the Pledged Securities in the ordinary course of 

  

 PLEDGE AND SECURITY AGREEMENT 
 - 10 - 

 
business, provided that no such action shall be taken by the Grantor or permitted by the Grantor to be taken by another party which would impair the
effectiveness of the Security Interests or the value of the Pledged Securities or which would be inconsistent with or violate the provisions of this Agreement, any other Loan Document or any Control Agreement. Upon the occurrence of an Event of
Default which is continuing, the Grantor shall and shall be deemed to hold all Proceeds in trust, separate and apart from other money, instruments, investment property or property, for the benefit of the Lender. 
  

	5.2	Investment Property 

  

	 	(a)	Until the occurrence of an Event of Default which is continuing, the Grantor shall be entitled to exercise all voting rights in respect of the Pledged Securities and to give
consents, waivers, directions, notices and ratifications and take other action in respect thereof, provided, however, that no votes shall be cast or consent, waiver, direction, notice or ratification given or action taken which would:

  

	 	(i)	be prejudicial to the Security Interest; 

  

	 	(ii)	impair or reduce the value of or restrict the transferability of the Pledged Securities; or 

  

	 	(iii)	be inconsistent with or violate any provisions of this Agreement or the Loan Agreement or the Purchase Agreement. 

  

	 	(b)	Until the occurrence of an Event of Default which is continuing, if any of the Pledged Securities held by a Grantor are registered in the Lender’s, its agent’s or
nominee’s name, the Lender, on the Grantor’s written request, shall execute and deliver or cause its agent or nominee to execute and deliver to the Grantor suitable proxies, voting powers or powers of attorney in favour of the Grantor or
its nominee or nominees for voting or taking any other action the Grantor is permitted to take in respect of such Pledged Securities. 

  

	5.3	Dividends and Distributions 

 Until the occurrence of an Event of
Default that is continuing, the Grantor shall be entitled to receive and deal with (except as restricted by this Agreement, the Loan Agreement, any other written agreement between the Lender and the Grantor, or any Control Agreement) any interest
and regular cash dividends and other distributions at any time payable on or with respect to the Pledged Securities held by the Grantor, and the Lender shall immediately deliver to the Grantor the interest or regular cash dividends received by the
Lender. 
  

	5.4	Rights and Duties of the Lender 

 Upon the occurrence of an Event of
Default that is continuing, all of the Grantor’s rights pursuant to Sections 5.1, 5.2 and 5.3 shall cease and the Lender may enforce the Grantor’s rights with respect to the Pledged Securities held by the Grantor. Upon an Event of Default
which is 

  

 PLEDGE AND SECURITY AGREEMENT 
 - 11 - 

 
continuing, the Grantor shall and shall be deemed to hold all Pledged Securities not under the control of the Lender in trust, separate and apart from other
property and assets of the Grantor, for the benefit of the Lender, and shall forthwith transfer control of such Pledged Securities to the Lender, or its nominee or agent, as the Lender may direct. The Lender and its nominee shall not have any duty
of care with respect to the Pledged Securities other than to use the same care in the custody and preservation of the Pledged Securities as it would with its own property. The Lender or its nominee may take no steps to defend or preserve the
Grantor’s rights against the claims or demands of others. The Lender or its nominee, however, shall use its reasonable best efforts to give the applicable Grantor notice of any claim or demand of which it becomes aware to permit the Grantor to
have a reasonable opportunity to defend or contest the claim or demand. 
 ARTICLE 6 
 REMEDIES 
  

	6.1	Lender’s Rights and Remedies 

 If any Event of Default shall
occur and be continuing, all of the Obligations shall, at the Lender’s option and without notice to the Grantor, become immediately due and payable and the Lender may, in its discretion and in accordance with the Loan Agreement, proceed to
immediately enforce payment and performance of the Obligations and to exercise any or all of the rights and remedies contained in this Agreement and the Loan Agreement, or otherwise afforded by Applicable Law, in equity or otherwise. The Lender
shall have the right to enforce one or more remedies successively or concurrently in accordance with Applicable Law and the Lender expressly retains all rights and remedies not inconsistent with the provisions in this Agreement including all the
rights it may have under the PPSA. The Grantor acknowledges that, if any Event of Default shall occur, the Pledged Securities could be subject to an immediate and significant deterioration in value and, as a result, the Grantor acknowledges and
agrees that the Lender shall be permitted to immediately exercise its rights and remedies in this Section 6 without notice to the Grantor or any other Person, and the Grantor acknowledges that such immediate action is commercially reasonable.
Without limitation, the Lender may, upon the occurrence of any Event of Default which is continuing and to the extent permitted by applicable law: 
  

	 	(a)	Appointment of Receiver – Appoint by instrument in writing a receiver (which term shall include a receiver and manager or agent) of the Grantor and of all or any part of
the Pledged Securities and remove or replace such receiver from time to time or may institute proceedings in any court of competent jurisdiction for the appointment of a receiver. Any such receiver appointed by the Lender, with respect to
responsibility for its acts, shall, to the extent permitted by Applicable Law, be deemed the agent of the Grantor and not of the Lender. Where the “Lender” is referred to in this Article the reference includes, where the context
permits, any receiver so appointed and the officers, employees, servants or agents of such receiver; 

  

	 	(b)	Retain the Pledged Securities – Immediately, and without notice to the Grantor or to any other Person, retain and administer the Pledged Securities in the Lender’s
sole and unfettered discretion, which discretion the Grantor acknowledges is commercially reasonable; 

  

 PLEDGE AND SECURITY AGREEMENT 
 - 12 - 

	 	(c)	Dispose of the Pledged Securities – Dispose of any Pledged Securities by public auction, private tender or private contract with or without notice, advertising or any
other formality, all of which are waived by the Grantor to the extent permitted by Applicable Law. The Lender may, to the extent permitted by Applicable Law, at its discretion, establish the terms of such disposition, including terms and conditions
as to credit, upset, reserve bid or price. All payments made pursuant to such dispositions shall be credited against the Obligations only as they are actually received. The Lender may, to the extent permitted by Applicable Law, enter into, rescind
or vary any contract for the disposition of any Pledged Securities and may dispose of any Pledged Securities again without being answerable for any related loss. Any such disposition may take place whether or not the Lender has taken possession of
the Pledged Securities; 

  

	 	(d)	Investment Property – 

  

	 	(i)	Exercise of Rights – Direct, by written notice to the applicable Grantor and to an officer of the issuer of the Pledged Securities or to any securities intermediary or
futures intermediary in respect of the Pledged Securities, as may be applicable, that all or part of the rights of the Grantor in the Pledged Securities, including the right to vote, give consents, entitlement orders, instructions, directions,
waivers or ratifications and take other actions and receive interest or regular cash dividends, payments or other distributions shall cease, and upon such election all such rights shall become vested in the Lender or as it may direct;

  

	 	(ii)	Rights as Owners – Immediately, and without notice to the Grantor or to any other Persons, exercise any or all of the rights and privileges attaching to the Pledged
Securities and deal with the Pledged Securities as if the Lender were the absolute owner of the Pledged Securities (including the right to exchange at its discretion, any and all of the Investment Property upon the issuer’s amalgamation,
merger, consolidation, reorganization, recapitalization, restructuring or other readjustment or upon the issuer’s exercise of any right, privilege or option pertaining to any of the Pledged Securities and to deposit and deliver any and all of
the Pledged Securities with any committee, depositary, transfer agent, registrar, securities intermediary, futures intermediary, clearing agency or other designated agency upon such terms and conditions as it may determine) and collect, draw upon,
receive, appropriate and sell all or any part of the Pledged Securities and the Grantor acknowledges that exercising such rights and remedies immediately upon the occurrence and continuation of an Event of Default is commercially reasonable;

  

	 	(iii)	Application to Debt – Apply any dividends, interest, distributions and other payments payable to the Lender in respect of the Pledged Securities to the Obligations, in
any manner as the Lender, in its absolute discretion, shall deem appropriate. 

  

	 	(e)	Bankruptcy Claims – File proofs of claims or other documents as may be necessary or desirable to have its claim lodged in any bankruptcy, winding-up, liquidation,
arrangement, dissolution or other proceedings (voluntary or otherwise) relating to the Grantor; 

  

 PLEDGE AND SECURITY AGREEMENT 
 - 13 - 

	 	(f)	Enforcing Third Party Obligations – In the Grantor’s name, perform, at the Grantor’s expense, any and all of the Grantor’s obligations or covenants
relating to the Pledged Securities and enforce performance by any other parties of their obligations in relation to the Pledged Securities and settle any disputes with other parties upon terms that the Lender deems appropriate, in its discretion;

  

	 	(g)	Payment of Deficiency – If the proceeds of realization are insufficient to pay all monetary Obligations, the Grantor shall forthwith pay or cause to be paid to the
Lender any deficiency and the Lender may sue the Grantor to collect the amount of such deficiency; or 

  

	 	(h)	Dealing with Pledged Securities – Subject to Applicable Law, seize, collect, realize, borrow money on the security of, release to third parties, sell (by way of public
or private sale), lease or otherwise deal with the Pledged Securities in such manner, upon such terms and conditions, at such time or times and place or places and for such consideration as may seem to the Lender advisable and without notice to the
Grantor, which such action the Grantor acknowledges is commercially reasonable. The Lender may charge on its own behalf and pay to others sums for expenses incurred and for services rendered (expressly including legal, consulting, broker,
management, receivership and accounting fees) in or in connection with seizing, collecting, realizing, borrowing on the security of, selling or obtaining payment of the Pledged Securities and may add all such sums to the Obligations.

  

	6.2	Allocation of proceeds 

 All monies collected or received by the
Lender in respect of the Pledged Securities shall be applied by the Lender in accordance with the Loan Agreement. 
  

	6.3	Waivers and Extensions 

 Subject to the terms of the Loan Agreement,
the Lender may waive default or any breach by the Grantor of any of the provisions contained in this Agreement pursuant to the Loan Agreement. No waiver shall extend to a subsequent breach or default, whether or not the same as or similar to the
breach or default waived and no act or omission of the Lender shall extend to or be taken in any manner whatsoever to affect any subsequent breach or default of the Grantor or the rights of the Lender resulting therefrom. Any such waiver must be in
writing and signed by the Lender as required pursuant to the terms of the Loan Agreement to be effective. 
 Subject to the terms of the Loan Agreement, the
Lender may also grant extensions of time, forbearance, indulgences or other accommodations, take and give up securities, accept compositions, grant releases and discharges, release the Pledged Securities to third parties and otherwise deal with the
Grantor’s guarantors or sureties and others and with the Pledged Securities and other securities (collectively, the “Waivers”) as the Lender may see fit without prejudice to the liability of the Grantor to the Lender, or the
Lender’s rights, remedies and 

  

 PLEDGE AND SECURITY AGREEMENT 
 - 14 - 

 
powers under this Agreement. No extensions of any Waiver now, heretofore or hereafter given by the Lender to the Grantor shall operate as a waiver,
alteration or amendment of the rights of the Lender or otherwise preclude the Lender from enforcing such rights. 
  

	6.4	Remedies Cumulative and Waivers 

 For greater certainty, it is
expressly understood and agreed that the rights and remedies of the Lender under this Agreement are cumulative and are in addition to and not in substitution for any rights or remedies provided by Applicable Law or equity; and any single or partial
exercise by the Lender of any right or remedy for a default or breach of any term, covenant, condition or agreement contained in this Agreement shall not be deemed to be a waiver of, or to alter, affect or prejudice, any other right or remedy to
which the Lender may be lawfully entitled for such default or breach. Any waiver by the Lender of the strict observance, performance or compliance with any term, covenant, condition or other matter contained in this Agreement and any indulgence
granted, either expressly or by course of conduct by the Lender shall be effective only in the specific instance and for the purpose for which it was given and shall be deemed not to be a waiver of any right or remedy of the Lender under this
Agreement as a result of any other default or breach under this Agreement. 
  

	6.5	Effect of Possession or Receiver 

 Upon the occurrence of an Event
of Default which is continuing, all powers, functions, rights and privileges of the Grantor and the directors and officers of the Grantor with respect to the Pledged Securities shall cease, unless specifically continued by the written consent of the
Lender or the receiver. 
  

	6.6	Sale of Pledged Securities 

 The Lender shall give to the applicable
Grantor notice of any sale pursuant to Subsection 6.1. Any sale pursuant to this Section 6.6 may be made, whether commercially reasonable or not, with or without any special condition as to the upset price, reserve bid, title or evidence of
title or other matter and may be made from time to time as the Lender in its sole discretion deems fit, with power to vary or rescind any sale or buy in at any public sale and resell without being answerable for any loss. The Lender may sell the
Pledged Securities for a consideration payable by instalments either with or without taking security for the payment of the instalments and may make and deliver to any purchaser good and sufficient conveyances of the Pledged Securities and give
receipts for the purchase money, and the sale shall be a perpetual bar, both at law and in equity, against the Grantor and all those claiming an interest by, from, through or under the Grantor. If there is a sale pursuant to this Section 6.6,
the Grantor agrees to provide all information, certificates and consents required under Applicable Laws or under the rules, by-laws or policies of the exchanges on which any of the Pledged Securities may be listed and posted for trading to permit
the sale of the Pledged Securities in compliance with the Applicable Laws, rules, by-laws or policies. 
 Without limiting the generality of
Section 6.1, the Grantor acknowledges that when disposing of any of the Pledged Securities, the Lender may be unable to effect a public sale of any or all of the Pledged Securities, or to sell any or all of the Pledged Securities as a control
block sale at more than a stated premium to the “market price” of any securities forming part of the Pledged Securities, by reason of certain provisions contained in the Securities Act (Ontario) and 

  

 PLEDGE AND SECURITY AGREEMENT 
 - 15 - 

 
applicable securities laws of other jurisdictions but may be compelled to resort to one or more private sales to a restricted group of purchasers who will be
obligated to agree, among other things, to acquire the Pledged Securities as principal and to comply with any other resale restrictions provided for in the Securities Act (Ontario) and other applicable securities Laws. The Grantor
acknowledges and agrees that any private sale may result in prices and other terms less favourable to the Grantor than if the sale were a public sale or a control block sale and, notwithstanding such circumstances, agrees that any private sale shall
not be deemed to have been made in a commercially unreasonable manner solely by reason of its being a private sale. The Lender shall be under no obligation to delay a sale of any of the Pledged Securities for the period of time necessary to permit
the issuer of the Pledged Securities to qualify the Pledged Securities for public sale under the Securities Act (Ontario) or under applicable securities Laws of other jurisdictions even if the issuer would agree to do so, or to permit a
prospective purchaser to make a formal offer to all or substantially all holders of any class of securities forming any part of the Pledged Securities. 
 In
addition, since United States federal and state securities laws may impose certain restrictions on the method by which a sale of the Pledged Securities may be effected, the Grantor agrees that the Lender may attempt to sell in the United States all
or any part of the Pledged Securities by a private placement. In so doing, the Lender may solicit offers to buy all or any part of the Pledged Securities for cash, from a limited number of investors deemed by the Lender, in its sole discretion, to
be responsible parties who might be interested in purchasing the Pledged Securities. If the Lender shall solicit offers from not less than five investors, then the acceptance by the Lender of the highest offer obtained shall be deemed to be a
commercially reasonable method of disposition of the Pledged Securities. 
  

	6.7	Limitation of Liability 

 The Lender shall not be liable or
accountable: 
  

	 	(a)	by reason of taking possession of all or any of the Pledged Securities, to account as mortgagee in possession or for anything except actual receipts, or for any loss on realization
or any act or omission for which a Secured Party in possession might be liable; 

  

	 	(b)	for any failure to (i) exercise or exhaust any of its rights and remedies, (ii) take possession of, seize, collect, realize, sell, lease or otherwise dispose of or obtain
payment for the Pledged Securities, or (iii) protect the Pledged Securities from depreciating in value or becoming worthless, absent gross negligence, and shall not, in each case, be bound to institute proceedings for such purposes or for the
purpose of preserving any rights, remedies or powers of the Lender, the Grantor or any other Person in respect of same; except where any failure to do so is as a result of gross negligence or wilful misconduct of the Lender.

 The Lender shall not by virtue of these presents be deemed to be a mortgagee in possession of the Pledged Securities. The Grantor releases
and discharges the Lender and the receiver from every claim of every nature, whether sounding in damages or not, which may arise or be caused to the Grantor or any Person claiming through or under the Grantor by reason or as a result of anything
done or not done by the Lender or any successor or assign claiming through or under the Lender or the receiver under the provisions of this Agreement unless such claim be the result of dishonesty or gross negligence. 
  

 PLEDGE AND SECURITY AGREEMENT 
 - 16 - 

 ARTICLE 7 
 POWER OF ATTORNEY 
  

	7.1	Grant 

 Effective upon the occurrence and during the continuance of
an Event of Default, the Grantor hereby irrevocably appoints the Lender as its attorney, with full power of substitution, in its name and on its behalf, to execute, deliver and do all such acts, deeds, leases, documents, transfers, demands,
conveyances, assignments, contracts, assurances, consents, financing statements and things as the Grantor has herein agreed to execute, deliver or do or as may be required by the Lender or any receiver to give effect to this Agreement or in the
exercise of any rights, powers or remedies hereby conferred on the Lender, and generally to use the name of the Grantor, as applicable in the exercise of all or any of the rights, powers or remedies hereby conferred on the Lender. This appointment,
coupled with an interest, shall not be revoked by the insolvency, bankruptcy, dissolution, liquidation or other termination of the existence of the Grantor or for any other reason. 
 ARTICLE 8 
 GENERAL 
  

	8.1	Expenses 

 The Grantor shall pay all reasonable expenses,
disbursements and advances (including the reasonable fees and disbursements of legal counsel and all other advisors, agents and assistants) incurred by the Lender in connection with the negotiation, preparation and execution of this Agreement and
the perfection, protection of and enforcement under this Agreement, advice with respect to this Agreement, and those arising in connection with the delivery, control, realization, disposition, retention, protection or collection of any Pledged
Securities and the protection or enforcement of the rights, remedies and powers of the Lender or any receiver and those incurred for perpetual registration of any financing statement registered in connection with the Security Interests. All amounts
for which the Grantor is required under this Agreement to reimburse the Lender or any receiver shall bear interest from time to time at the rate of interest per annum equal to the highest rate of interest applicable to any other Obligations owed to
the Lender and denominated in the same currency, from the date incurred, made or borrowed until paid in full. 
  

	8.2	Demand Obligations 

 The fact that this Agreement provides for
Events of Default and rights of acceleration shall not derogate from the nature of any Obligation which is payable on demand. 
  

	8.3	Notices 

 Any notice, consent or approval required or permitted to
be given in connection with this Agreement (in this Section referred to as a “Notice”) shall be in writing and shall be sufficiently given if delivered pursuant to the Loan Agreement. 
  

 PLEDGE AND SECURITY AGREEMENT 
 - 17 - 

	8.4	Continuing Security 

 The Security Interest is not in substitution
for any other security for the Obligations or for any other agreement between the parties creating a security interest in all or part of the Pledged Securities, whether made before or after this Agreement, and such security and such agreements shall
be deemed to be continuing and not affected by this Agreement unless the Lender and the Grantor expressly provide to the contrary in writing. 
  

	8.5	Amendment 

 No amendment, supplement, modification or waiver or
termination of this Agreement and, unless otherwise specified, no consent or approval by any party, shall be binding unless executed in writing by the necessary Persons as required pursuant to the Loan Agreement. 
  

	8.6	Assignment and Enurement 

 This Agreement may be assigned by the
Lender to a successor as permitted under the Loan Agreement and any such assignee shall be entitled to exercise any and all discretions, powers and rights of the Lender under this Agreement. No Grantor may assign this Agreement or any of its rights
or obligations under this Agreement. All of the Lender’s rights under this Agreement shall enure to the benefit of its successors and assigns and all of the Grantor’s obligations under this Agreement shall bind the Grantor and its
successors and assigns. 
  

	8.7	Further Assurances 

 The Grantor shall at all times do all such
things and provide all such reasonable assurances as may be required to consummate the transactions contemplated by this Agreement, and shall provide such further documents or instruments required by the Lender as may be reasonably necessary or
desirable to effect the purpose of this Agreement and carry out its provisions, and for the better granting, transferring, assigning, charging, setting over, assuring, confirming or perfecting the Security Interest and the priority accorded to them
by Applicable Law or under this Agreement. 
  

	8.8	Filings 

 The Grantor covenants and agrees with the Lender that to
the extent possible prior to, and otherwise immediately after, the execution of this Agreement it shall register, file or record, or cause to be registered, filed or recorded, this Agreement in all registry offices in all registration divisions
where such registration, filing or recording is necessary or of advantage in relation to the creation, perfection, preservation, enforcement or priority of the Liens granted or created thereby as determined by Counsel or the Lender. The Grantor
shall cause, at the applicable Grantor’s expense, this Agreement to be registered, filed, recorded and renewed in all offices in all jurisdictions where such registration, filing or recording is necessary or desirable for the creation,
enforceability, perfection, priority, preservation and maintenance of this Agreement or as the Lender may from time to time reasonably require. The Grantor agrees that it shall pay, or indemnify the Lender and the Lender against, any and all stamp
duties, registration, filing and recordation fees and similar taxes or charges which may be payable or determined to be payable by the Lender or the Lender in connection with the execution, delivery, performance, registration 

  

 PLEDGE AND SECURITY AGREEMENT 
 - 18 - 

 
or enforcement of this Agreement or any action taken under or transaction contemplated by this Agreement. The Lender is, however, authorized, at its option,
but shall have no obligation, to make such registrations, filings or recordings or such re-registrations, re-filings or re-recordings against any of the Grantor as it may deem necessary or appropriate to perfect, maintain or protect the security
interest created under this Agreement. 
  

	8.9	Execution and Delivery 

 This Agreement may be executed by the
parties in counterparts and may be executed and delivered by facsimile or other electronic means and all such counterparts, facsimiles or other electronic means shall together constitute one and the same agreement. 
 The Grantor acknowledges receiving a copy of this Agreement, and further agrees that a carbon, photographic, photostatic or other reproduction of this Agreement or of a
financing statement is sufficient as a financing statement. 
  

	8.10	Security Interests Effective Immediately 

 Neither the execution of,
nor any filing with respect to, this Agreement shall obligate the Lender to make any advance or loan or further advance, or bind the Lender to grant or extend any credit to the Grantor, but the Security Interests shall take effect forthwith upon the
execution of this Agreement by the Grantor. 
  

	8.11	Reasonableness 

 The Grantor acknowledges that the provisions of
this Agreement and, in particular, those respecting rights, remedies and powers of the Lender and any receiver against the Grantor and any Pledged Securities upon the occurrence of an Event of Default, are commercially reasonable and not manifestly
unreasonable. 
  

	8.12	Attornment 

 Each of the parties irrevocably submits to the
non-exclusive jurisdiction of any court in the Province of Ontario for the purposes of any legal or equitable suit, action or proceeding in connection with this Agreement. 
  

	8.13	Lender 

 The Lender shall have all of the rights, benefits,
immunities, privileges and indemnities set forth in the Loan Agreement, all of which are incorporated by reference herein mutatis mutandis. All of the provisions incorporated herein pursuant to this Section 8.13 and stated to survive the
termination of the Loan Agreement and repayment of the Obligations shall survive the termination of the Loan Agreement and repayment of the Obligations and remain incorporated herein. 
  

 PLEDGE AND SECURITY AGREEMENT 
 - 19 - 

	8.14	Counterparts; Integration; Effectiveness 

 This Agreement may be
executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement shall become effective when it
has been executed by the Lender and when the Lender has received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto. Delivery of an executed counterpart of a signature page of this Agreement by
telecopy, facsimile or by sending a scanned copy by electronic mail shall be effective as delivery of a manually executed counterpart of this Agreement. 
 [signature pages follow] 
  

 PLEDGE AND SECURITY AGREEMENT 
 - 20 - 

 IN WITNESS OF WHICH the Grantor and the Lender have duly executed this Agreement as of the date first written
above. 
  

					
	GMAC RESIDENTIAL FUNDING OF CANADA, LIMITED, as Grantor
		
	By:	 	/s/ Tracie Tesser
		 	Name:	 	Tracie Tesser
		 	Title:	 	President

  

 PLEDGE AND SECURITY AGREEMENT 
 S-1 

					
	GMAC LLC, as Lender
		
	By:	 	/s/ David C. Walker
		 	Name:	 	David C. Walker
		 	Title:	 	Group Vice President and Treasurer

  

 PLEDGE AND SECURITY AGREEMENT 
 S-2 

 SCHEDULE 4.1(B) 
 ISSUERS 
  

					
	 Issuer
	  	 Jurisdiction
	  	 Registered and head office

	1020491 Alberta Limited	  	Alberta	  	421-7 Avenue SW, Suite 3300, Calgary, Alberta, T2P 4K9, Canada
			
	ResMor Capital Corporation	  	Alberta	  	421-7 Avenue SW, Suite 3300, Calgary, Alberta, T2P 4K9, Canada

  

 PLEDGE AND SECURITY AGREEMENT 
 S-3 

 SCHEDULE 4.1(D) 
 PLEDGED SECURITIES 
  

												
	 Grantor
	  	 Issuer
	  	Class of
Shares/Units	  	Share/Unit
Certificate
Number(s)	  	Number of
Shares/Units	  	Percentage of
Outstanding
Shares/Units	 
	 GMAC
 Residential
 Funding of Canada, Limited
	  	1020491 Alberta Ltd.	  	Common	  	4C	  	9,885,613.35	  	100	%
	 GMAC
 Residential
 Funding of
 Canada, Limited
	  	ResMor Capital Corporation	  	Class B
 Common
	  	18BC	  	38,665	  	38.67	%
	 GMAC
 Residential
 Funding of
 Canada, Limited
	  	ResMor Capital Corporation	  	Class A
 Common
	  	17A	  	1,508	  	0.006	%
	 GMAC
 Residential
 Funding of
 Canada, Limited
	  	ResMor Capital Corporation	  	Class A
 Common
	  	A-18	  	25,000,000	  	99.95	%

  

 PLEDGE AND SECURITY AGREEMENT 
 S-4

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