Document:

FIRST COMMITMENT AMENDMENT TO

LOAN SALE AND SERVICING AGREEMENT

 

THIS FIRST COMMITMENT
AMENDMENT TO LOAN SALE AND SERVICING AGREEMENT (this “First Amendment”), dated as of March 1, 2012, is entered
into by and among BBCV Receivables-Q 2010 LLC, a Delaware limited liability company, as seller (the “Seller”),
Quorum Federal Credit Union, a federally chartered credit union, as buyer (the “Buyer”), Vacation Trust, Inc.,
a Florida Corporation, as Club Trustee (the “Club Trustee”), U.S. Bank National Association, a national banking
association, as custodian and paying agent (the “Custodian”), Bluegreen Corporation, a Massachusetts corporation,
as servicer (the “Servicer”), and Concord Servicing Corporation, an Arizona corporation, as backup servicer
(the “Backup Servicer”).

 

RECITALS

 

WHEREAS, the Buyer,
the Seller, the Servicer and the Backup Servicer have previously entered into that certain Loan Sale and Servicing Agreement, dated
as of December 22, 2010, as amended by that certain Omnibus Amendment, dated as of May 3, 2011 and that certain Omnibus Amendment
No. 2, dated as of February 7, 2012 (as may be amended, supplemented or restated from time to time, the “Loan Sale and
Servicing Agreement”).

 

WHEREAS, Standard
Definitions are attached to the Loan Sale and Servicing Agreement at Annex A (the “Standard Definitions”).

 

WHEREAS, the parties
hereto desire to modify the Loan Sale and Servicing Agreement as set forth in this First Amendment.

 

WHEREAS, capitalized
terms used herein not otherwise defined herein shall have the meanings ascribed to such terms in the Loan Sale and Servicing Agreement.

 

NOW, THEREFORE,
in consideration of the mutual covenants and agreements contained herein and other good and valuable consideration, the receipt
and adequacy of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows: 

 

1.                 
Amendment of Standard Definitions. 

 

(a)The following definitions
shall replace the corresponding definition in the Standard Definitions:

 

“Commitment Period”
and “Commitment Purchase Period” shall mean the period commencing on March 1, 2012 and continuing until March
31, 2013.

 

“Minimum Required
Amount” shall mean, during the Commitment Period, an amount which does not exceed $15,000,000.

 

“Program
Fee Rate” shall mean the rate set forth in, as applicable, the Buyer Commitment Purchase Confirmation, or the Buyer Purchase
Confirmation corresponding to the related Buyer Notice. On any date of determination, the Program Fee Rate for the Aggregate Sale
Date Loan Pool shall be based on the weighted average of the Program Fee Rates of each Sale Date Loan Pool then comprising the
Aggregate Sale Date Loan Pool in proportion to the outstanding Loan Balances of each Sale Date Loan Pool to be added to the Aggregate
Sale Date Loan Pool.

    	 

    	 

    

(b)The definition of
Monthly Buyer Notice is deleted in its entirety and the following definition is added to the Standard Definitions:

 

“Buyer Notice”
shall have the meaning set forth in Section 2.1(c) of the Agreement.

 

2.                 
Amendment of the Loan Sale and Servicing Agreement.

 

(a)Section 2.1(c) of
the Loan Sale and Servicing Agreement is hereby deleted in its entirety and the following is substituted in its place and stead:

 

(c) After the Commitment
Period. After any Commitment Period, the Buyer may deliver to the Seller thirty (30) days prior written notice of any changes
in terms in substantially the form in Exhibit R attached hereto (the “Buyer Notice”) containing the terms
satisfactory to Buyer for Sale Date Loan Pools to be purchased by the Buyer. If the Seller delivers a Sale Notice to the Buyer
based on the terms of the Buyer Notice and if the Buyer intends to enter into such Sale with the Seller upon such terms, then the
Buyer shall confirm, by issuing a purchase confirmation in substantially the form in Exhibit F2 attached hereto (a “Buyer
Purchase Confirmation”) no later than 12:00 p.m. (New York City time) on the Business Day prior to the proposed Sale
Date that Buyer shall fund in accordance with the Sale Notice. The Buyer Purchase Confirmation shall specify items including the
following (w) the Buyer Purchase Price Percentage, (x) the Initial Purchase Price Installment for such Sale Date Loan Pool, (y)
the Program Fee Rate, and (z) any fees and expenses payable by the Seller to the Buyer. If the Seller decides to reject any Buyer
Purchase Confirmation, it must provide notice to the Buyer no later than 3:00 p.m. (New York City time) on the Business Day prior
to the proposed Sale Date. The Buyer shall deposit the Initial Purchase Price Installment in immediately available funds, no later
than 12:00 p.m. (New York City time) on the related Sale Date, to the account designated by the Seller in the Sale Notice. It is
expressly agreed and understood that until such time that Buyer delivers a Buyer Notice to Seller, the terms of a prior Commitment
Purchase Period Terms Letter, as may be amended in accordance with its terms, or any existing Buyer Notice, as the case may be,
shall remain in effect until the effective date of such subsequent Buyer Notice.

 

(b)Exhibit E
to the Loan Sale and Servicing Agreement is hereby deleted in its entirety and the Exhibit E attached to this First Amendment
is substituted in its place and stead.

 

(c)Exhibit R
to the Loan Sale and Servicing Agreement is hereby deleted in its entirety and the Exhibit R attached to this First Amendment
is substituted in its place and stead.

 

3.                 
Minimum Required Amount Availability. The amount of the Minimum Required Amount
available at any time to the Seller will be determined by the difference between (i) the Minimum Required Amount and the total
of (ii) (a) the outstanding Net Investment Amount of all Sale Date Loan Pools, including all Sale Date Loan Pools with a Sale Date
after March 1, 2012, as of the most recent Distribution Date plus (without duplication) (b) the outstanding Net Investment Amount
of all Sale Date Loan Pools with a Sale Date after the most recent Distribution Date. The Minimum Required Amount shall terminate
immediately upon the occurrence of a Purchase Termination Event or a Timeshare Portfolio Performance Event. 

 

4.                 
Choice of Law and Venue. This First Amendment shall be construed in accordance
with the internal laws of the State of New York.

 

5.                 
Binding Effect. This First Amendment shall inure to the benefit of and be binding
upon the parties to this First Amendment and their successors and assigns. 

    	 

    	 

    

 

6.                 
Counterpart Execution. This First Amendment may be executed in counterpart,
and any number of copies of this First Amendment which in the aggregate have been executed by all parties to this First Amendment
shall constitute one original.

 

7.                 
Time is of the Essence. Time is of the essence in the performance of the obligations
in this First Amendment.

 

8.                 
No Third Party Beneficiary. No third party shall be a beneficiary hereof.

 

 

  

 

 

[Signatures Appear on Next Page]

    	 

    	 

    

 

IN WITNESS WHEREOF,
the parties hereto have executed this First Amendment as of the date set forth above.

 

	THE BUYER:	
        QUORUM FEDERAL CREDIT UNION

        By: /s/                                                    

               Bruno Sementilli,

               President and CEO

     

	THE SELLER:	
        BBCV Receivables-Q 2010 LLC

        By: /s/                                                    

               Allan J. Herz

               President and Assistant Treasurer

     

	THE SERVICER:	
        BLUEGREEN CORPORATION

        By: /s/                                                    

               Anthony M. Puleo

               Senior Vice President, CFO & Treasurer

     

	THE BACKUP SERVICER:	
        CONCORD SERVICING CORPORATION

        By: /s/                                                    

               Mary-Jeanne Fincher

               Vice President and General Counsel 

     

	THE CUSTODIAN:	
        U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity
        but solely as Custodian and Paying Agent hereunder

        By: /s/                                                    

        Printed Name:

        Title:

	
        THE CLUB TRUSTEE:

         
	
        VACATION TRUST, INC.,

        as Club Trustee

         

        By: /s/                                                    

               Tonya Wardak

               Vice President, Treasurer and Secretary

 

    	 

    	 

    

Exhibit E

 

SALE NOTICE

 

Date: __________

 

This Sale Notice is pursuant to the Loan Sale
and Servicing Agreement dated as of ______________________, 20__, by and among [insert legal name of seller], as the Seller,
Quorum Federal Credit Union, as the Buyer, Bluegreen Corporation, as Servicer, Vacation Trust, Inc., as the Club Trustee, Concord
Servicing Corporation, as Back-Up Servicer and U.S. Bank National Association, as the Custodian and Paying Agent, as may be amended,
modified or supplemented from time to time (“Agreement”). Capitalized terms not otherwise defined herein shall have
the meaning ascribed thereto in the Agreement. The Seller proposes to sell to the Buyer the Timeshare Loans described below:

 

Proposed Sale Date:_________________

 

Aggregate principal balance of Sale Date Loan
Pool:$______________

 

Number of Timeshare Loans in Sale Date Loan
Pool:________

 

Range of balances of Timeshare Loans:$___________to
$____________

 

Aggregate balance, shown as a percentage, of Timeshare
Loans in the Sale Date Loan Pool including, without duplication, non-U.S. domiciled Obligors, or do not have a FICO Score or a
FICO Score below 600 to Timeshare Loans in the Sale Date Loan Pool:____%

 

Range of seasoning of Timeshare Loans: _____________
months to ___________ months

 

Aggregate balance, shown as a percentage,
of Timeshare Loans in the Sale Date Loan Pool secured by a right-to-use Timeshare Property with a finite use to Timeshare Loans
in the Sale Date Loan Pool: ____________%

 

Sale Date Loan Pool Number: ____________

 

An electronic file detailing each Timeshare
Loan is hereby delivered to the Buyer with this Sale Notice.

 

Unless a Buyer’s purchase confirmation
is received by the Seller before 12 pm one (1) business day prior to the Sale Date, this offer of sale shall expire; provided,
however, that during the Commitment Purchase Period, the Buyer, pursuant to Section 2.1(b) of the Agreement, shall deliver the
Buyer Commitment Purchase Confirmation to the Seller by such date and time.

 

 

___________________________, as
Seller

 

By: _______________________________

 

Name: _____________________________

 

Title: ______________________________

 

Address: ___________________________

 

Attention: __________________________ 

 

Telephone: _________________________ 

 

Facsimile: __________________________

 

 

    	 

    	 

    

Exhibit R

 

BUYER NOTICE

Date: _____________

 

Subject to the terms and conditions of the
Loan Sale and Servicing Agreement, dated as of _____________________, 20__ by and among [insert legal name of seller], as
the Seller, Quorum Federal Credit Union, as the Buyer, Bluegreen Corporation, as the Servicer, Concord Servicing Corporation, as
the Back-Up Servicer, and the other parties thereto, as may be amended, modified or supplemented from time to time (the “Agreement”),
the Buyer is willing to purchase timeshare loans, which meet the following criteria:

 

A.    
Aggregate principal balance of the Sale Date Loan Pool: $___________ 

B.    
Buyer’s Purchase Price Percentage: _________%

C.    
Initial Purchase Price Installment: $___________ [insert amount equal to the product of
item A and item B above, less item E below]

D.    
Program Fee Rate: ______________% per annum

E.     
Loan Purchase Fee: $________ [insert amount equal to the product of (i) [ ]% and (ii) the
outstanding principal loan balance of the related Sale Date Loan Pool]

F.     
 Timeshare Portfolio Performance Event triggers:

Delinquency Level: ___________%

Default Level: ___________%

 

Cumulative
Default Level (see Table 1 attached hereto)

 

The effective date of this Buyer Notice shall
be thirty (30) days after the date of this Buyer Notice first above written. Capitalized terms not otherwise defined herein shall
have the meaning ascribed thereto in the Agreement.

 

QUORUM FEDERAL CREDIT UNION, as Buyer

 

By: ____________________________________

Name:Bruno Sementilli

Title: President

 

Address:2 Manhattanville
Road

                  Suite 401

                  Purchase, NY 10577

Attention: President/CEO

Telephone: 914-641-3739

Facsimile: 914-641-3777

 

 

 

    	 

    	 

    

Table 1 to Buyer Notice

 

Cumulative Default Levels

 

[See Attached]QUORUM FEDERAL CREDIT UNION

2 Manhattanville Road

Suite 401

Purchase, NY 10577

 

 

Dated as
of March 1, 2012

 

Allan J Herz

President and Assistant Treasurer

BBCV Receivables-Q 2010 LLC

4950 Communication Avenue, Suite 900

Boca Raton, Florida 33431

 

		Re:	Commitment Purchase Period Terms Letter; Terms Governing Sale of Timeshare Loans by BBCV Receivables-Q
2010 LLC (the "Seller") to Quorum Federal Credit Union (the "Buyer")

 

Dear Mr. Herz:

 

The Buyer agrees to purchase Eligible
Timeshare Loans from the Seller during the Commitment Purchase Period on the terms and conditions set forth in the Loan Sale and
Servicing Agreement dated as of December 22, 2010, by and among the Seller, the Buyer, Bluegreen Corporation, as the Servicer,
Concord Servicing Corporation, as the Back-Up Servicer and the other parties thereto, as amended (the "Agreement")
as supplemented below:

 

		A.	Buyer
                                                                                                                                                                                         Purchase
                                                                                                                                                                                         Price
                                                                                                                                                                                         Percentage:
                                                                                                                                                                                         No
                                                                                                                                                                                         less
                                                                                                                                                                                         than
                                                                                                                                                                                         83%
                                                                                                                                                                                         during
                                                                                                                                                                                         the
                                                                                                                                                                                         Commitment
                                                                                                                                                                                         Period,
                                                                                                                                                                                         subject
                                                                                                                                                                                         to
                                                                                                                                                                                         adjustment
                                                                                                                                                                                         as
                                                                                                                                                                                         provided
                                                                                                                                                                                         herein.

 

		B.	Program
                                                                                                                                                                                         Fee
                                                                                                                                                                                         Rate:
                                                                                                                                                                                         6.5%
                                                                                                                                                                                         per
                                                                                                                                                                                         annum
                                                                                                                                                                                         for
                                                                                                                                                                                         purchases
                                                                                                                                                                                         during
                                                                                                                                                                                         the
                                                                                                                                                                                         Commitment
                                                                                                                                                                                         Period,
                                                                                                                                                                                         subject
                                                                                                                                                                                         to
                                                                                                                                                                                         adjustment
                                                                                                                                                                                         as
                                                                                                                                                                                         provided
                                                                                                                                                                                         herein.

 

		C.	Minimum
                                                                                                                                                                                         Required
                                                                                                                                                                                         Amount
                                                                                                                                                                                         Underutilization
                                                                                                                                                                                         Fee:
                                                                                                                                                                                         A
                                                                                                                                                                                         fee
                                                                                                                                                                                         of
                                                                                                                                                                                         (i)
                                                                                                                                                                                         $50,000
                                                                                                                                                                                         shall
                                                                                                                                                                                         be
                                                                                                                                                                                         due
                                                                                                                                                                                         to
                                                                                                                                                                                         the
                                                                                                                                                                                         Buyer
                                                                                                                                                                                         if
                                                                                                                                                                                         the
                                                                                                                                                                                         Seller
                                                                                                                                                                                         fails
                                                                                                                                                                                         to
                                                                                                                                                                                         sell
                                                                                                                                                                                         to
                                                                                                                                                                                         the
                                                                                                                                                                                         Buyer
                                                                                                                                                                                         Timeshare
                                                                                                                                                                                         Loans
                                                                                                                                                                                         having
                                                                                                                                                                                         an
                                                                                                                                                                                         aggregate
                                                                                                                                                                                         outstanding
                                                                                                                                                                                         principal
                                                                                                                                                                                         balance
                                                                                                                                                                                         as
                                                                                                                                                                                         of
                                                                                                                                                                                         the
                                                                                                                                                                                         related
                                                                                                                                                                                         Sale
                                                                                                                                                                                         Dates
                                                                                                                                                                                         of
                                                                                                                                                                                         at
                                                                                                                                                                                         least
                                                                                                                                                                                         $7,000,000
                                                                                                                                                                                         by
                                                                                                                                                                                         August
                                                                                                                                                                                         31,
                                                                                                                                                                                         2012
                                                                                                                                                                                         and
                                                                                                                                                                                         (ii)
                                                                                                                                                                                         $100,000
                                                                                                                                                                                         shall
                                                                                                                                                                                         be
                                                                                                                                                                                         due
                                                                                                                                                                                         to
                                                                                                                                                                                         the
                                                                                                                                                                                         Buyer
                                                                                                                                                                                         if
                                                                                                                                                                                         the
                                                                                                                                                                                         Seller
                                                                                                                                                                                         fails
                                                                                                                                                                                         to
                                                                                                                                                                                         sell
                                                                                                                                                                                         to
                                                                                                                                                                                         the
                                                                                                                                                                                         Buyer
                                                                                                                                                                                         Timeshare
                                                                                                                                                                                         Loans
                                                                                                                                                                                         having
                                                                                                                                                                                         an
                                                                                                                                                                                         aggregate
                                                                                                                                                                                         outstanding
                                                                                                                                                                                         principal
                                                                                                                                                                                         balance
                                                                                                                                                                                         as
                                                                                                                                                                                         of
                                                                                                                                                                                         the
                                                                                                                                                                                         related
                                                                                                                                                                                         Sale
                                                                                                                                                                                         Dates
                                                                                                                                                                                         of
                                                                                                                                                                                         at
                                                                                                                                                                                         least
                                                                                                                                                                                         $10,000,000
                                                                                                                                                                                         by
                                                                                                                                                                                         December
                                                                                                                                                                                         31,
                                                                                                                                                                                         2012
                                                                                                                                                                                         (the
                                                                                                                                                                                         "MRA
                                                                                                                                                                                         Underutilization
                                                                                                                                                                                         Fee")
                                                                                                                                                                                         unless
                                                                                                                                                                                         capacity
                                                                                                                                                                                         is
                                                                                                                                                                                         unavailable
                                                                                                                                                                                         under
                                                                                                                                                                                         the
                                                                                                                                                                                         Minimum
                                                                                                                                                                                         Required
                                                                                                                                                                                         Amount.
                                                                                                                                                                                         The
                                                                                                                                                                                         applicable
                                                                                                                                                                                         portion
                                                                                                                                                                                         of
                                                                                                                                                                                         the
                                                                                                                                                                                         MRA
                                                                                                                                                                                         Underutilization
                                                                                                                                                                                         Fee
                                                                                                                                                                                         will
                                                                                                                                                                                         be
                                                                                                                                                                                         payable
                                                                                                                                                                                         within
                                                                                                                                                                                         thirty
                                                                                                                                                                                         (30)
                                                                                                                                                                                         days
                                                                                                                                                                                         of
                                                                                                                                                                                         August
                                                                                                                                                                                         31,
                                                                                                                                                                                         2012
                                                                                                                                                                                         and
                                                                                                                                                                                         December
                                                                                                                                                                                         31,
                                                                                                                                                                                         2012
                                                                                                                                                                                         respectively.
                                                                                                                                                                                         For
                                                                                                                                                                                         the
                                                                                                                                                                                         purposes
                                                                                                                                                                                         of
                                                                                                                                                                                         determining
                                                                                                                                                                                         if
                                                                                                                                                                                         the
                                                                                                                                                                                         MRA
                                                                                                                                                                                         Underutilization
                                                                                                                                                                                         Fee
                                                                                                                                                                                         is
                                                                                                                                                                                         due,
                                                                                                                                                                                         the
                                                                                                                                                                                         Buyer
                                                                                                                                                                                         agrees
                                                                                                                                                                                         to
                                                                                                                                                                                         include
                                                                                                                                                                                         the
                                                                                                                                                                                         aggregate
                                                                                                                                                                                         outstanding
                                                                                                                                                                                         principal
                                                                                                                                                                                         loan
                                                                                                                                                                                         balance
                                                                                                                                                                                         as
                                                                                                                                                                                         of
                                                                                                                                                                                         the
                                                                                                                                                                                         related
                                                                                                                                                                                         Sale
                                                                                                                                                                                         Dates
                                                                                                                                                                                         of
                                                                                                                                                                                         all
                                                                                                                                                                                         timeshare
                                                                                                                                                                                         loans
                                                                                                                                                                                         sold
                                                                                                                                                                                         by
                                                                                                                                                                                         BRFC-Q
                                                                                                                                                                                         2010
                                                                                                                                                                                         LLC
                                                                                                                                                                                         to
                                                                                                                                                                                         the
                                                                                                                                                                                         Buyer
                                                                                                                                                                                         during
                                                                                                                                                                                         the
                                                                                                                                                                                         period
                                                                                                                                                                                         March
                                                                                                                                                                                         1,
                                                                                                                                                                                         2012
                                                                                                                                                                                         through
                                                                                                                                                                                         December
                                                                                                                                                                                         31,
                                                                                                                                                                                         2012.
                                                                                                                                                                                         

 

    	 

    	 

    

		D.	Loan
                                                                                                                                                                                         Purchase
                                                                                                                                                                                         Fee:
                                                                                                                                                                                         the
                                                                                                                                                                                         product
                                                                                                                                                                                         of
                                                                                                                                                                                         (i)
                                                                                                                                                                                         0.50%
                                                                                                                                                                                         and
                                                                                                                                                                                         (ii)
                                                                                                                                                                                         the
                                                                                                                                                                                         outstanding
                                                                                                                                                                                         principal
                                                                                                                                                                                         loan
                                                                                                                                                                                         balance
                                                                                                                                                                                         of
                                                                                                                                                                                         the
                                                                                                                                                                                         related
                                                                                                                                                                                         Sale
                                                                                                                                                                                         Date
                                                                                                                                                                                         Loan
                                                                                                                                                                                         Pool.

 

		E.	Timeshare
                                                                                                                                                                                         Portfolio
                                                                                                                                                                                         Performance
                                                                                                                                                                                         Event
                                                                                                                                                                                         triggers:

 

		a.	Delinquency
                                                                                                                                                                                        Level:
                                                                                                                                                                                        4.00%
                                                                                                                                                                                        during
                                                                                                                                                                                        the
                                                                                                                                                                                        Commitment
                                                                                                                                                                                        Purchase
                                                                                                                                                                                        Period,
                                                                                                                                                                                        subject
                                                                                                                                                                                        to
                                                                                                                                                                                        adjustment
                                                                                                                                                                                        at
                                                                                                                                                                                        any
                                                                                                                                                                                        time
                                                                                                                                                                                        by
                                                                                                                                                                                        the
                                                                                                                                                                                        Buyer.

 

		b.	Default
                                                                                                                                                                                        Level:
                                                                                                                                                                                        2.75%
                                                                                                                                                                                        during
                                                                                                                                                                                        the
                                                                                                                                                                                        Commitment
                                                                                                                                                                                        Purchase
                                                                                                                                                                                        Period,
                                                                                                                                                                                        subject
                                                                                                                                                                                        to
                                                                                                                                                                                        adjustment
                                                                                                                                                                                        at
                                                                                                                                                                                        any
                                                                                                                                                                                        time
                                                                                                                                                                                        by
                                                                                                                                                                                        the
                                                                                                                                                                                        Buyer.

 

		c.	Cumulative
                                                                                                                                                                                        Default
                                                                                                                                                                                        Level:
                                                                                                                                                                                        Table
                                                                                                                                                                                        1
                                                                                                                                                                                        attached
                                                                                                                                                                                        hereto
                                                                                                                                                                                        during
                                                                                                                                                                                        the
                                                                                                                                                                                        Commitment
                                                                                                                                                                                        Purchase
                                                                                                                                                                                        Period,
                                                                                                                                                                                        subject
                                                                                                                                                                                        to
                                                                                                                                                                                        adjustment
                                                                                                                                                                                        at
                                                                                                                                                                                        any
                                                                                                                                                                                        time
                                                                                                                                                                                        by
                                                                                                                                                                                        the
                                                                                                                                                                                        Buyer.
                                                                                                                                                                                        

 

The Buyer reserves the right to modify
the Buyer Purchase Price Percentage, the Program Fee Rate and the Timeshare Portfolio Performance Event triggers, at any time during
or after the Commitment Period for new fundings. Written notice of any change(s) in the Buyer Purchase Price Percentage and/or
the Program Fee Rate and/or the Timeshare Portfolio Performance Event triggers will be provided by the Buyer to the Seller at least
thirty (30) days in advance of the effective date thereof. Should the Buyer decrease the Buyer Purchase Price Percentage and/or
increase the Program Fee Rate and/or decrease the Timeshare Portfolio Performance Event triggers during the Commitment Purchase
Period for a reason other than the occurrence of a Purchase Termination Event or a Timeshare Portfolio Performance Event, the MRA
Underutilization Fee shall be waived; provided, however, any portion of the MRA Underutilization Fee previously paid will not be
refunded. Any change in the Delinquency Level, Default Level and/or Cumulative Default Level will be noted in the Buyer Commitment
Purchase Confirmation or the Buyer Purchase Confirmation, as applicable.

 

This letter is provided pursuant to
the provisions of Section 2.1(b) of the Agreement. Capitalized terms not otherwise defined herein shall have the meaning ascribed
thereto in the Agreement.

 

QUORUM FEDERAL CREDIT UNION, as Buyer

 

By: /s/                                                                  

Name: Bruno Sementilli

Title: President & CEO

 

Address:  2 Manhattanville
Road

Suite 401

Purchase, NY 10577

Attention:    President/CEO

Telephone:   914-641-3739

Facsimile:  914-641-3777

 

[BBCV Receivables-Q 2010 LLC Signature
on Next Page]

    	 

    	 

    

 

 

ACKNOWLEDGED AND AGREED TO:

 

BBCV Receivables-Q 2010 LLC, as Seller

 

By:/s/                                                               

Name: Anthony M. Puleo

Title: Vice President and Treasurer

 

Address:   4950 Communication Avenue

       Suite
900

       Boca Raton, Florida 33431

Attention: Allan J. Herz

Telephone:   561-912-8210

Facsimile:  561-443-8743

 

 

 

 

    	 

    	 

    

Table I

Cumulative Default

Levels

 

	Month	Cumulative
    Defaults	Month	Cumulative
    Defaults	Month	Cumulative
    Defaults
	1	N/A	41	23.53%	81	33.69%
	2	N/A	42	24.18%	82	33.78%
	3	N/A	43	24.51%	83	33.86%
	4	N/A	44	24.84%	84	33.94%
	5	N/A	45	25.17%	85	34.01%
	6	N/A	46	25.67%	86	34.08%
	7	N/A	47	26.17%	87	34.15%
	8	N/A	48	26.67%	88	34.22%
	9	N/A	49	27.02%	89	34.28%
	10	N/A	50	27.37%	90	34.34%
	11	N/A	51	27.71%	91	34.40%
	12	N/A	52	28.01%	92	34.45%
	13	6.07%	53	28.30%	93	34.50%
	14	6.86%	54	28.60%	94	34.55%
	15	7.65%	55	29.22%	95	34.60%
	16	8.55%	56	29.84%	96	34.65%
	17	9.46%	57	30.46%	97	34.69%
	18	10.36%	58	30.55%	98	34.74%
	19	11.18%	59	30.65%	99	34.78%
	20	12.01%	60	30.74%	100	34.82%
	21	12.83%	61	30.89%	101	34.86%
	22	13.43%	62	31.04%	102	34.89%
	23	14.03%	63	31.19%	103	34.93%
	24	14.64%	64	31.45%	104	34.96%
	25	15.29%	65	31.72%	105	34.99%
	26	15.94%	66	31.98%	106	35.02%
	27	16.59%	67	32.11%	107	35.05%
	28	17.26%	68	32.24%	108	35.08%
	29	17.93%	69	32.37%	109	35.10%
	30	18.60%	70	32.49%	110	35.13%
	31	18.60%	71	32.61%	111	35.15%
	32	18.98%	72	32.73%	112	35.18%
	33	19.55%	73	32.86%	113	35.20%
	34	19.98%	74	32.98%	114	35.22%
	35	20.40%	75	33.10%	115	35.24%
	36	20.82%	76	33.22%	116	35.26%
	37	21.29%	77	33.33%	117	35.28%
	38	21.75%	78	33.43%	118	35.30%
	39	22.22%	79	33.52%	119	35.32%
	40	22.87%	80	33.61%	120	35.33%

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00201-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00201-of-00352.parquet"}]]