Document:

Employee Leasing Agreement dated as of November 20, 2008

 Exhibit 10.5 
 EMPLOYEE LEASING AGREEMENT 
 This EMPLOYEE LEASING AGREEMENT (“Agreement”) is
made as of the 20th day of November, 2008 and effective as of the Closing Date subject to consummation of the Closing, between RESIDENTIAL CAPITAL, LLC, a limited liability company organized under the laws of Delaware (“ResCap”), and
RESMOR TRUST COMPANY, a Canadian federally incorporated trust company (“RTC”). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Purchase Agreement (as defined below).

 WHEREAS, ResCap is the indirect parent of GMAC Residential Funding of Canada, Limited, a company organized under the laws of Canada
(“RFOC”); 
 WHEREAS, prior to the Closing Date, RFOC owned all of the issued and outstanding shares (the “1020491
Shares”) of 1020491 Alberta Ltd., a corporation existing under the laws of Alberta (“1020491”); 
 WHEREAS, prior
to the Closing Date, RFOC and 1020491, together owned all of the shares (the “RCC Shares”) of RESMOR CAPITAL CORPORATION, a corporation existing under the laws of Alberta (“RCC”); 
 WHEREAS, RCC owns all of the issued and outstanding shares of RTC; 
 WHEREAS, concurrently herewith, pursuant to and on the terms and conditions contained in that certain Share Purchase Agreement (the “Purchase Agreement”), dated as of the date hereof between RFOC and
GMAC LLC, a Delaware limited liability company (“GMAC”), RFOC is selling to GMAC, and GMAC is purchasing from RFOC, all of the 1020491 Shares and all of the RCC Shares owned by RFOC; 
 WHEREAS, certain ResCap employees currently perform duties that relate exclusively to RTC; and 
 WHEREAS, ResCap, pursuant to the terms and subject to the conditions set forth in this Agreement, is willing to make the services of certain ResCap
employees available to RTC for a limited period of time through a leasing arrangment. 
 NOW, THEREFORE, in consideration of the premises and
of the mutual covenants herein contained, ResCap and RTC agree as follows: 
 1. Leasing of Employees. ResCap agrees to lease to RTC,
and RTC agrees to accept the services of, each Employee listed on Schedule 1 (the “Leased Employees”), for the period commencing as of the Closing Date and ending on March 31, 2009, or such earlier or later date as
mutually agreed in writing by ResCap and RTC (the “Transition Period”). Schedule 1 may be modified after the date hereof to remove the name of a Leased Employee listed therein (i) by RTC if such Leased Employee, had he
or she been an RTC employee, becomes terminable for “cause” in accordance with RTC’s normal employment practices and procedures, (ii) by RTC on two weeks’ written notice to ResCap that the Leased Employee’s services are
no longer required; or (iii) by ResCap if such Leased Employee becomes terminable for “cause” in accordance with 

  

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ResCap’s normal employment practices and procedures or if such Leased Employee voluntarily terminates employment with ResCap. Each party agrees that any
person removed from Schedule 1 in accordance with this Section 1 shall no longer be a Leased Employee under this Agreement. 
 2. Transition Period Employment and Benefits; Post-Closing Obligations.  
 (a) During the Transition Period:
(i) any Leased Employee who is an ResCap employee on the date hereof shall, subject to Section 1, remain a ResCap employee during the Transition Period; (ii) ResCap shall be responsible for the payment and provision to the
Leased Employees of all applicable wages, bonuses and commissions earned, and any severance or other amounts payable on termination of employment during the Transition Period, regardless of whether they are payable during or following the Transition
Period, and each Leased Employee shall continue to participate in those Benefit Plans in which he or she participated immediately prior to the date hereof; (iii) ResCap shall be responsible for withholding all relevant employee paid taxes and
other employee paid items, and filing all reports and maintaining all records in connection therewith; (iv) ResCap shall be responsible for for obtaining and maintaining appropriate Canadian VISA’s and/or work permits for Leased Employees;
(v) Rescap agrees to repatriate a Leased Employee to his or her home jurisdiction prior to terminating the employment of such Leased Employee; and (vi) no Leased Employee shall be deemed for any purpose to be the agent, servant or employee
of RTC or in the performance of his or her services hereunder. In this Agreement, “Benefits Plans”shall mean means all plans, arrangements, agreements, programs, policies, practices or undertakings, whether oral or written, formal
or informal, funded or unfunded, insured or uninsured, registered or unregistered to which ResCap is a party to or bound by or in which the Leased Employees participate in or under which ResCap has, or will have, any liability or contingent
liability under or, pursuant to which payments are made, or benefits are provided to, or an entitlement to payments or benefits may arise with respect to any of the Leased Employees relating to retirement savings, pensions, bonuses, profit sharing,
deferred compensation, incentive compensation, life or accident insurance, hospitalization, health, medical or dental treatment or expenses, disability, unemployment insurance benefits, employee loans, vacation pay, severance or termination pay or
other benefit plan. 
 (b) ResCap shall retain all liabilities and obligations with respect to all of the Benefit Plans, and RTC shall not
have any liability or obligation relating to any Benefit Plan. 
 (c) Prior to the end of the Transition Period, RTC may, in its discretion,
offer employment to some or all of the Leased Employees, if any, with such offer to be effective immediately upon the first day following the end of the Transition Period (the “Hire Date”). The Leased Employees who accept such
offers of employment and become employees of RTC effective on the Hire Date are referred to herein as “Hired Employees.” If any Leased Employee does not become a Hired Employee, either because RTC does not offer employment to the
Leased Employee or because the Leased Employee does not accept RTC’s offer of employment, then ResCap shall be responsible for payment of termination and severance benefits, if any, to which the Leased Employee may become entitled under: any
Benefit Plan; any employment, termination or other related agreement or arrangement; or applicable Law. ResCap shall in addition be responsible for the payment of any benefits, severance or otherwise, during the Transition Period, as provided in
paragraphs (a) and (b) of this Section 2. ResCap retains all rights and obligations under the Benefit Plans with respect to Leased Employees, whether or not they are Hired Employees. 
  

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 3. Services To Be Performed. During the Transition Period and subject to the terms of the Purchase
Agreement, ResCap shall (a) direct, control and evaluate the manner and means of each such Leased Employee’s performance of services for RTC and (b) to the extent applicable, obtain from RTC periodic reviews of each such Leased
Employee’s performance. RTC may direct ResCap regarding the services of the Leased Employees to be provided hereunder, including, without limitation, the work product to be completed, the result to be derived, the work assignments and the work
locations. RTC may provide professional or technical supervision and direction to the Leased Employees. The Leased Employees shall perform services in a manner that is substantially the same as the manner in which such services were performed by the
Leased Employees for RTC prior to the date hereof. ResCap employment policies will continue to apply to the Leased Employees. Except as provided in Section 1, RTC shall not terminate the leasing arrangements with respect to any Leased
Employee during the Transition Period. 
 4. Compensation For Leased Employees. During the Transition Period, ResCap shall pay
compensation and provide benefits to the Leased Employees. During the Transition Period, except as otherwise agreed in writing in advance by RTC, ResCap shall not (a) establish or increase any bonus, insurance, severance, deferred compensation,
pension, retirement, profit sharing, stock option (including, without limitation, the granting of stock options, stock appreciation rights, performance awards or restricted stock awards), stock purchase or other employee benefit plan, in each case
applicable to the Leased Employees, or otherwise increase the compensation payable or to become payable to any Leased Employee, except in the ordinary course of business or as may be required under Law or (b) enter into any employment or
severance agreement with any Employee that would be included in the Leasing Fee, or adopt or enter into any collective bargaining agreement affecting the Leased Employees, except as may be required by Law. 
 5. Leasing Fee. 
 (a) During the
Transition Period, RTC shall pay to ResCap a monthly fee (the “Leasing Fee”). The Leasing Fee shall be pro rated for any partial calendar month occuring during the Transition Period, calculated as of the end of each calendar month
in accordance with Schedule 2. 
 (b) ResCap shall invoice RTC on a monthly basis in arrears for the Leasing Fee incurred for such
calendar month (or such other period mutually agreed between ResCap and RTC), which invoice shall contain commercially reasonable detail, together with such supporting documents as may be reasonably requested by RTC. 
 (c) RTC shall, within 30 days after receipt of the invoice (or such other period agreed by ResCap), pay the undisputed amount of the invoice to ResCap,
as applicable, via wire transfer or automatic clearing house to the account designated by ResCap from time to time by written notice to RTC. RTC shall also give prompt written notice to ResCap of any amounts disputed. In the event of any such
dispute, neither RTC’s payment nor ResCap acceptance of such payment shall waive either party’s rights hereunder against the other with respect to such charge. 
  

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 6. Taxes And Compliance With Applicable Law. ResCap covenants that, during and with respect to the
Transition Period, it shall (a) withhold all amounts that are required to be withheld under all Laws from amounts paid to any Leased Employee and pay such amounts to the appropriate applicable taxing authority, (b) comply in all material
respects with any and all provisions of Law pertaining to the employment of the Leased Employees, and (c) maintain in full force and effect (i) any and all insurance and similar coverages that are required to be maintained by Law and
(ii) general liability insurance applicable to Leased Employees, in each case on terms and in amounts no less favorable to ResCap than the terms of such insurance and coverages maintained by ResCap as of the date hereof. 
 7. Indemnification By ResCap. 
 (a)
RTC ACKNOWLEDGES THAT RESCAP IS ENTERING INTO THIS AGREEMENT SOLELY AS AN ACCOMMODATION TO RTC AND THAT RESCAP IS NOT IN THE BUSINESS OF SUPPLYING EMPLOYEES TO PROVIDE SERVICES FOR COMPANIES OTHER THAN RESCAP. RTC AGREES THAT RESCAP SHALL HAVE NO
RESPONSIBILITY FOR AND HAS MADE, AND MAKES, NO REPRESENTATIONS OR WARRANTIES OF WHATSOEVER NATURE, DIRECTLY OR INDIRECTLY, EXPRESS OR IMPLIED, REGARDING THE QUALITY, ADEQUACY, SUFFICIENCY OR COMPLETENESS OF THE SERVICES PROVIDED BY ANY LEASED
EMPLOYEE. 
 (b) ResCap shall indemnify, defend and hold harmless each of RTC and its respective directors, officers, employees, agents,
successors and assigns, from and against any and all liabilities, losses, damages, claims, costs and expenses (including, without limitation, reasonable attorneys’ fees) arising out of (i) the failure by ResCap to make any payment or
provide any benefit to any Leased Employee during the Transition Period in accordance with its obligations pursuant to Section 2 hereof, or (ii) any breach by, or other failure to perform by, ResCap of its covenants and obligations
pursuant to this Agreement; provided, however, that such indemnification set forth in clauses (i) and (ii) above shall be limited to the extent such breach or failure to perform results from a breach or failure
to perform by RTC of its obligations under this Agreement, or from RTC’s termination of the leasing arrangements with respect to any Leased Employee during the Transition Period, as provided in Section 1; and provided,
further, that in no event shall ResCap’s aggregate liability hereunder exceed the amounts received by ResCap pursuant to Section 5. 
 8. Indemnification By RTC. RTC shall indemnify, defend and hold harmless ResCap and its directors, officers, employees, agents, successors and assigns, from and against any and all liabilities, losses, damages,
claims, costs and expenses (including, without limitation, reasonable attorneys’ fees) arising out of (a) any action, inaction or omission of any Leased Employee which occurs after the Closing Date during the term of this Agreement,
(b) any breach by, or other failure to perform by, RTC of its covenants and obligations pursuant to this Agreement, or (c) RTC’s decision to terminate the leasing arrangements with respect to any Leased Employee during the Transition
Period, as provided in Section 1; provided, however, that such indemnification set forth in subsections (a) through (b) above shall be limited to the extent such breach or failure to perform results from a breach or failure to perform
by ResCap of its obligations under this Agreement. 
  

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 9. Limitation of Liability. IN NO EVENT SHALL EITHER PARTY BE LIABLE TO THE OTHER OR ITS
AFFILIATES OR ANY OTHER PERSON OR ENTITY BY REASON OF THIS AGREEMENT FOR INDIRECT, CONSEQUENTIAL OR INCIDENTAL DAMAGES OF ANY KIND OR NATURE, INCLUDING, WITHOUT LIMITATION, LOSS OF PROFITS OR DAMAGE TO OR LOSS OF USE OF ANY PROPERTY, ANY
INTERRUPTION OR LOSS OF SERVICE OR ANY LOSS OF BUSINESS. NOTWITHSTANDING THE FOREGOING, IF ANY LIABILITIES, LOSSES, DAMAGES, CLAIMS, COSTS OR EXPENSES (INCLUDING, WITHOUT LIMITATION, REASONABLE ATTORNEYS’ FEES) ARISE WITH RESPECT TO OR AS A
RESULT OF ANY ACTIONS, INACTIONS OR OMISSIONS OF THE LEASED EMPLOYEES OR RESCAP DURING THE TRANSITION PERIOD, RESCAP AND GMAC LLC SHALL MUTUALLY AGREE UPON AN ALLOCATION OF RESPONSIBILITY FOR SUCH LIABILITY, LOSS, DAMAGE, CLAIM, COST OR EXPENSE.

 10. Miscellaneous. 
 (a) No Agency Relationship. Nothing in this Agreement shall create a relationship of agency, partnership, or employer/employee between ResCap and RTC, and it is the intent and desire of the parties that the relationship be and be
construed as that of independent contracting parties and not as agents, partners, joint venturers, joint employers or a relationship of employer/employee. 
 (b) Amendment and Assignment. This Agreement may not be amended except by an amendment signed by each party to this Agreement. ResCap may not assign or otherwise transfer any of its rights or obligations under
this Agreement without the prior written consent of RTC, which consent shall not be unreasonably withheld. RTC may not assign or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of ResCap,
which consent shall not be unreasonably withheld; provided, however, that RTC shall be permitted to assign or transfer any of its rights or obligations under this Agreement to a successor in interest to RTC that acquires all or
substantially all of the assets and liabilities of RTC, including the obligations under this Agreement. Any purported or attempted assignment contrary to the terms hereof shall be null and void and of no force or effect. 
 (c) Counterparts. This Agreement may be executed in counterparts (including by facsimile), each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument. 
 (d) Waiver. Any failure of a party to comply with any obligation,
covenant, agreement or condition in this Agreement may be waived in writing by the other party to this Agreement, but such waiver or failure to insist upon strict compliance with such obligation, covenant, agreement or condition shall not operate as
a waiver of, or estoppel with respect to, any subsequent or other failure. 
  

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 (e) Notices. All notices, requests, instructions or other documents (including Leased Employee
supplements) to be given hereunder to ResCap or RTC shall be in writing and shall be deemed to have been duly given when delivered in person or upon confirmation of receipt when transmitted by facsimile transmission or on receipt after dispatch by
registered or certified mail, postage prepaid, addressed, as follows: 
 If to ResCap: 
 Residential Capital, LLC 
 One Meridian
Crossings, Suite 100 
 Minneapolis, Minnesota 55423 
 Attn: General Counsel 
 Telephone: (952) 857-6415 
 Facsimile: (952) 352-0586 
 With 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 
 If to RTC: 
 ResMor Trust Company 
 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: 
 GMAC LLC 
 200 Renaissance
Center 
 Mail Code 482-B09-B11 
 Detroit, Michigan 48265 
 Attn: General Counsel 
 Telephone: (313) 656-6128 
 Facsimile: (313) 566-0390 
 (f) Governing 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. 
  

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 (g) No Contract of Employment. Nothing in this Agreement shall be construed (i) as an
employment contract between RTC and any Leased Employee or ResCap and any Leased Employee, (ii) as creating any contractual obligation enforceable by any Leased Employee against RTC or ResCap (iii) to alter, in any way, the terms of any
Leased Employee’s employment with ResCap, or (iv) to prevent ResCap from making any decision regarding the continued employment of any Leased Employee, it being understood that ResCap’s employment at-will policy will continue to apply
to any Leased Employee during the period of time in which the Leased Employee is leased to RTC. 
 (h) Severability. If any provision
of this Agreement shall be held invalid, illegal or unenforceable, the validity, legality or enforceability of the other provisions of this Agreement shall not be affected thereby, and there shall be deemed substituted for the provision at issue a
valid, legal and enforceable provision as similar as possible to the provision at issue. 
 (i) Entire Agreement. This Agreement,
together with the Purchase Agreement and the other agreements entered into in connection therewith, set forth the entire understanding and agreement between the parties as to the matters covered in this Agreement and supersedes and replaces any
prior understanding, agreement or statement of intent, in each case, written or oral, of any and every nature with respect to such understanding, agreement or statement other than any other agreements executed in connection with the Agreement.

 (j) No Third Party Beneficiaries. This Agreement is solely for the benefit of the parties hereto 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 Leased Employee or former employee of ResCap or any participant or beneficiary in any benefit plan, program or arrangement.

 (k) No Conflict with Purchase Agreement. Nothing contained in this Agreement is intended to conflict with the terms and conditions
of the Purchase Agreement and to the extent any such conflict exists, expressly or by implication, the terms of the Purchase Agreement shall control. 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and
year first above written. 
  

			
	RESIDENTIAL CAPITAL, LLC
		
	By:	 	/s/ James N. Young
	Name:	 	James N. Young
	Title:	 	Chief Financial Officer
	
	RESMOR TRUST COMPANY
		
	By:	 	/s/ Tracie Tesser
	Name:	 	Tracie Tesser
	Title:	 	President

  

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 SCHEDULE 1 
 LEASED EMPLOYEES 
  

	1.	Steve Bashmakov 

  

	2.	Taylor Cottam 

 SCHEDULE 2 
 LEASING FEE 
  

			
	 1.      Steve Bashmakov:
	  	$37,500 per month
		
	 2.      Taylor Cottam:
	  	$20,833 per monthAssignment and Assumption dated as of November 20, 2008

 Exhibit 10.6 
 THIS ASSIGNMENT AND ASSUMPTION is dated as of November 20, 2008 and effective as of the Closing Date (as such term is defined in the Share Purchase Agreement) subject to consummation of the Closing (as
such term is defined in the Share Purchase Agreement), 
 B E T W E E N: 
 GMAC Residential Funding of Canada, Limited, a corporation incorporated under the laws of Canada 
 (the “Seller”) 
 - and -

 GMAC LLC, a Delaware limited liability company 
 (the “Purchaser”) 
 RECITALS: 
  

	A.	Pursuant to a share purchase agreement (the “Share Purchase Agreement”) dated as of the date of this Agreement between the Seller and the Purchaser, the Seller
agreed to deliver to the Purchaser at the Closing (as such term is defined in Share Purchase Agreement) an assignment and assumption agreement whereby the Seller assigns to the Purchaser the full benefit of the Prior Escrow Agreement (as such term
is defined in the Share Purchase Agreement) and the Prior Purchase Agreement (as such term is defined in the Share Purchase Agreement), and the Purchaser agrees to assume liability for the performance of the obligations of the Seller under the Prior
Escrow Agreement and the Prior Purchase Agreement. 

 NOW THEREFORE in consideration of the mutual covenants contained
in the Share Purchase Agreement and in this assignment and other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties hereto agree as follows: 
  

	1.	Assignment 

 The Seller hereby sells,
transfers and assigns to the Purchaser all the Seller’s right, title and interest in and to the Prior Escrow Agreement, including the funds currently comprising the Holdback Amount (as such term is defined in the Prior Escrow Agreement), and
the Prior Purchase Agreement, including the representations, warranties, covenants and indemnities thereunder as and from the date hereof. 

	2.	Assumption 

 The Purchaser agrees to assume,
and shall observe and perform, all of the Seller’s obligations and liabilities under the Prior Escrow Agreement and the Prior Purchase Agreement which are to be observed or performed thereunder as and from the date hereof; provided, that for
the purposes of and in accordance with the Prior Purchase Agreement, the Seller hereby agrees that it shall continue to be bound by all obligations under the Prior Purchase Agreement as if such assignment had not occurred and shall perform all such
obligations to the extent the Purchaser fails to do so. The Purchaser unilaterally declares that its agreement to be bound by the provisions of the Prior Purchase Agreement pursuant to this Section 2 is for the benefit of the Interested Parties
(as such term is defined in the Prior Purchase Agreement) and its agreement to be bound by the provisions of the Prior Escrow Agreement pursuant to this Section 2 is for the benefit of 1316548 Alberta Ltd. and McCarthy Tétrault LLP.

  

	3.	Seller’s Representations and Warranties 

 The Seller represents and warrants to the Purchaser that at the date hereof: 
 3.1 the Prior Escrow Agreement and Prior Purchase
Agreement are in full force and effect, unamended; 
 3.2 1316548 Alberta Ltd. received on or about March 31, 2008 the full amount
payable to it on such date pursuant to Section 6(b) of the Prior Escrow Agreement. 
 3.3 the Seller has not made any assignment of the
Prior Escrow Agreement or the Prior Purchase Agreement or of any of the benefits thereof, other than as contemplated by this assignment; 
 3.4 the Seller is not, and, to Seller’s Knowledge (as such term is defined in the Share Purchase Agreement), no other party to the Prior Escrow Agreement or the Prior Purchase Agreement is, in breach of any of the terms and conditions
of the Prior Escrow Agreement or the Prior Purchase Agreement; and 
 3.5 to the Seller’s Knowledge, none of the other parties to the
Prior Escrow Agreement or the Prior Purchase Agreement have any defence, set-off, claim or counterclaim against the Seller which may be asserted against the Purchaser in any proceeding to enforce the Prior Escrow Agreement or the Prior Purchase
Agreement or otherwise. 

	4.	Indemnity by the Seller 

 The Seller shall
indemnify and save harmless the Purchaser against and from any and all losses, costs and damages (including legal fees and disbursements) which the Purchaser may suffer or incur in connection with any breach of any of the representations and
warranties of the Seller contained in this assignment or any non-observance by the Seller of any of the provisions of this assignment. 
  

	5.	Indemnity by the Purchaser 

 The Purchaser
shall indemnify and save harmless the Seller against and from any and all losses, costs and damages (including legal fees and disbursements) which the Seller may suffer or incur in connection with any non-observance by the Purchaser of any of the
provisions of this assignment, including the failure of the Purchaser to observe and perform all of the Seller’s obligations and liabilities under the Prior Escrow Agreement and the Prior Purchase Agreement which are to be observed or performed
thereunder as and from the date hereof. 
  

	6.	Notification by the Purchaser 

 The Purchaser
may at any time notify the other party or parties to the Prior Escrow Agreement or the Prior Purchase Agreement, or any of them, of the assignment thereof by the Seller to the Purchaser. 
  

	7.	Co-operation by the Seller 

 If, by operation
of law or otherwise, it becomes necessary or desirable for the Purchaser, in order to effectively pursue any remedy to secure the enjoyment of, or to enforce the benefit of, the Prior Escrow Agreement or the Prior Purchase Agreement, to pursue such
remedy in the name, or with the concurrence, of the Seller, the Seller shall cooperate with the Purchaser and shall facilitate the pursuit of such remedy by joining in such proceeding or by giving its concurrence, as the Purchaser may require in the
circumstances. If the Seller fails to cooperate, the Purchaser may pursue such remedy in the name of the Seller and for such purpose the Seller hereby appoints the Purchaser and the Purchaser’s successors and assigns, as the Seller’s
attorneys, with full power of substitution, in the name of the Seller but on behalf of and for the benefit and at the expense of the Purchaser, its successors and assigns, to execute and do any deeds, transfers, conveyances, assignments, assurances
and things which the Seller ought to do pursuant to the provisions hereof. This appointment, coupled with an interest, is irrevocable by the Seller and shall not be revoked by the insolvency or bankruptcy of the Seller or by the dissolution,
liquidation or other termination of the existence of the Seller or for any other reason. 

	8.	Further Assurances 

 Each of the parties
hereto shall promptly do, make, execute or deliver, or cause to be done, made, executed or delivered, all such further acts, documents and things as the other party hereto may reasonably require from time to time for the purpose of giving effect to
this assignment and shall use its best efforts and take all such steps as may be reasonably within its power to implement to their full extent the provisions of this assignment. 
  

	9.	Notice 

 Any notice or other communication
required or permitted to be given hereunder shall be in writing and shall be given by prepaid mail, by facsimile or other means of electronic communication or by hand-delivery as hereinafter provided. Any such notice or other communication, if
mailed by prepaid mail at any time other than during a general discontinuance of postal service due to strike, lockout or otherwise, shall be deemed to have been received on the fourth Business Day after the post-marked date thereof, or if sent by
facsimile or other means of electronic communication, shall be deemed to have been received on the Business Day following the 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 either to the individual designated below or to an individual at such address having apparent authority to accept deliveries on behalf of the addressee. Notice of change of address shall also be governed by this section. In the
event of a general discontinuance of postal service due to strike, lock-out or otherwise, notices or other communications shall be delivered by hand or sent by facsimile or other means of electronic communication and shall be deemed to have been
received in accordance with the foregoing. Notices and other communications shall be addressed as follows: 
  

	 	(a)	if to the Seller: 

 GMAC Residential Funding of Canada,
Limited 
 3250 Bloor Street West, East Tower, Suite 1400 
 Etobicoke, Ontario, Canada M8X 2X9 
 Attention: President 
 Telecopier number: (866) 772-6175 

 with a copy to: 
 Residential Capital, LLC 
 One Meridian Crossings, Suite 100 
 Minneapolis, Minnesota 55423 
 Attention:
General Counsel 
 Telecopier number: (952) 352-0586 
 and 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. 
 Telecopier number: (888) 329-3021 
  

	 	(b)	and if to the Purchaser: 

 GMAC LLC 
 200 Renaissance Center 
 Detroit, MI, 48235

 Attention: General Counsel 
 Telecopier number: (313) 656-6189 
 with a copy to: 
 Mayer Brown LLP 
 71 South Wacker Drive 
 Chicago, Illinois, 60606 
 Attention:
Elizabeth A. Raymond, Esq. 
 Telecopier number: (312) 701-7711 
 and a copy to: 
 Torys LLP 
 79 Wellington Street West, Suite 3000 
 Toronto, ON, M5K 1N2 
 Attention: Blaire W. Keefe 
 Telecopier
number: (416) 855-7380 

 For the purposes hereof, “Business Day” means any day, other than Saturday, Sunday or any
statutory holiday in the Province of Ontario. 
  

	10.	Enurement 

 This assignment shall enure to
the benefit of and be binding upon the parties hereto and their successors and assigns, respectively. 
  

	11.	Governing Law 

 This assignment shall be
governed by and construed in accordance with the laws of the Province of Ontario and the laws of Canada applicable therein. 
 <Remainder of this page left intentionally blank> 

 IN WITNESS WHEREOF the parties hereto have executed this assignment. 
  

					
	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 Officer

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