Document:

Exhibit 10.2

  Sales Executive Compensation Plan Description and Summary Form of Notice

  Effective June 27, 2005

  [ INSERT NAME ]

	

	 Annual
    Target Compensation Mix
	

	 	 	 
	
      Base Salary: 
	  	 
		
      USD 
	  
	
      Target Incentive (TI): 
	  	 
		
      USD
      __% of Base Salary   
	 	 	 
	
      On Target Earnings (OTE): 
	  	 
		
      USD 
	  
	 	 	 
	

	
      OTE Quarterly Plan Components 
	  	 
		 

	
	

	
      I.      		
      Quarterly Geographic (Products and Service) Revenue Bonus	
	 
	 	
	

	
      Quarterly Revenue Bonus equals 40% of
      total TI (10% each quarter).	
	 	
	

	
      Paid quarterly based on performance against quarterly revenue plan.	
	 	
	

	
      Quarterly bonus payment per Table I, Schedule A, if Contribution Margin target is not achieved in the same quarter.	
	 	
	

	
      Quarterly bonus payment per Table I, Schedule C, if Contribution Margin target is achieved in the same quarter.	
	 	
	

	
      Accelerators on revenue component are not paid unless Contribution Margin target is achieved in the same quarter.	
	 
	
      II.      		
      Quarterly Geographic Contribution Margin	
	 	
	

	
      Quarterly Contribution Margin equals 60%
      of total TI (15% each quarter).	
	 	
	

	
      Paid quarterly based on performance against Quarterly Geographic Contribution Margin Plan.	
	 	
	

	
      Quarterly bonus payment per Table I, Schedule B.	
	 	
	

	
      Measurement is based on Geographic Contribution Margin dollars.	
	 
	 
	 
	 

	
      Approved by: 
	  	 
		
      Date:<PAGE>

            AMENDMENT NUMBER 1 TO THE POOLING AND SERVICING AGREEMENT

     Amendment Number 1, dated as of November 7, 2005 (this "Amendment") to the
Pooling and Servicing Agreement, dated as of September 1, 2005 (the
"Agreement"), by and among MERRILL LYNCH MORTGAGE INVESTORS, INC., a Delaware
corporation, as depositor (the "Depositor"), WILSHIRE CREDIT CORPORATION, a
Nevada corporation, as servicer (the "Servicer"), and JPMORGAN CHASE BANK,
NATIONAL ASSOCIATION, a national banking association, as trustee (the
"Trustee"), relating to the Specialty Underwriting and Residential Finance Trust
Mortgage Loan Asset-Backed Certificates, Series 2005-BC3.

     WHEREAS, Section 10.01(i) of the Agreement provides that the Agreement may
be amended from time to time without the consent of the Certificateholders to
cure any ambiguity or correct any mistake; and

     WHEREAS, in accordance therewith, by the execution and delivery of this
Amendment, the parties hereby amend the Agreement to the extent and on the terms
set forth in this Amendment.

     NOW, THEREFORE, in consideration of the mutual agreements herein contained,
each party hereto agrees as follows for the benefit of the other parties and for
the benefit of the Certificateholders:

                                    ARTICLE I

                 Cross Reference to Definitions in the Agreement
                 -----------------------------------------------

     SECTION 1.01. Capitalized terms used in this Amendment and not defined
herein or amended by the terms of this Amendment shall have the meanings
assigned to such terms in the Agreement.

                                   ARTICLE II

                                  Effectiveness
                                  -------------

     SECTION 2.01. Section 10.01(i) of the Agreement provides that the Agreement
may be amended from time to time by the Depositor, the Servicer and the Trustee,
without the consent of any of the Certificateholders, to cure any ambiguity or
correct any mistake.

     SECTION 2.02. By their execution of this Amendment, the Depositor, the
Servicer and the Trustee evidence their desire and intent to make the amendments
to the Agreement set forth below in order to correct mistakes in Article I of
the Agreement.

                                   ARTICLE III

                           Amendments to the Agreement
                           ---------------------------

     SECTION 3.01. The following definitions set forth in Article I of the
Agreement are hereby deleted and replaced in their entirety with the following:
<PAGE>

          (i)    Class B-1 Margin: As of any Distribution Date up to and
     including the Auction Termination Date for the Certificates, 1.800% per
     annum and, as of any Distribution Date after the Auction Termination Date,
     2.700% per annum.

          (ii)   Class B-1 Pass-Through Rate: For the first Distribution Date,
     5.640% per annum. As of any Distribution Date thereafter, the least of (1)
     One-Month LIBOR plus the Class B-1 Margin, (2) the Subordinated Certificate
     Available Funds Cap and (3) the Subordinated Certificate Maximum Rate Cap
     for such Distribution Date.

          (iii)  Class B-2 Margin: As of any Distribution Date up to and
     including the Auction Termination Date for the Certificates, 3.500% per
     annum and, as of any Distribution Date after the Auction Termination Date,
     5.250% per annum.

          (iv)   Class B-2 Pass-Through Rate: For the first Distribution Date,
     7.340% per annum. As of any Distribution Date thereafter, the least of (1)
     One-Month LIBOR plus the Class B-2 Margin, (2) the Subordinated Certificate
     Available Funds Cap and (3) the Subordinated Certificate Maximum Rate Cap
     for such Distribution Date.

          (v)    Class B-3 Margin: As of any Distribution Date up to and
     including the Auction Termination Date for the Certificates 2.300% per
     annum and, as of any Distribution Date after the Auction Termination Date,
     3.450% per annum.

          (vi)   Class B-3 Pass-Through Rate: For the first Distribution Date,
     6.140% per annum. As of any Distribution Date thereafter, the least of (1)
     One-Month LIBOR plus the Class B-3 Margin, (2) the Subordinated Certificate
     Available Funds Cap and (3) the Subordinated Certificate Maximum Rate Cap
     for such Distribution Date.

          (vii)  Class B-4 Margin: As of any Distribution Date up to and
     including the Auction Termination Date for the Certificates, 2.300% per
     annum and, as of any Distribution Date after the Auction Termination Date,
     3.450% per annum.

          (viii) Class B-4 Pass-Through Rate: For the first Distribution Date,
     6.140% per annum. As of any Distribution Date thereafter, the least of (1)
     One-Month LIBOR plus the Class B-4 Margin, (2) the Subordinated Certificate
     Available Funds Cap and (3) the Subordinated Certificate Maximum Rate Cap
     for such Distribution Date.

                                   ARTICLE IV

                                  Miscellaneous
                                  -------------

     SECTION 4.01. Counterparts. This Amendment may be executed in two or more
counterparts (and by different parties on separate counterparts), each of which
shall be an original, but all of which together shall constitute one and the
same instrument.

     SECTION 4.02. Headings. The headings herein are for purposes of reference
only and shall not otherwise affect the meaning or interpretation of any
provision hereof.

     SECTION 4.03. Agreement in Full Force and Effect as Amended. Except as
specifically amended hereby, all of the terms and conditions of the Agreement
shall remain in full force and effect. All references to the Agreement in any
other document or instrument shall be deemed
<PAGE>

to mean such Agreement as amended by this Amendment. This Amendment shall not
constitute a novation of the Agreement but shall constitute an amendment
thereof. The parties hereto agree to be bound by the terms and obligations of
the Agreement, as amended by this Amendment, as though the terms and obligations
of the Agreement were set forth herein.

     SECTION 4.04. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT
REFERENCE TO ITS CONFLICTS OF LAW PROVISIONS.

                      [SIGNATURE PAGE IMMEDIATELY FOLLOWS]
<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed by their respective officers as of the day and year first above
written.

                             MERRILL LYNCH MORTGAGE INVESTORS, INC.,
                                as Depositor

                             By:
                                 -----------------------------------------------
                             Name:  Matthew Whalen
                             Title: President

                             WILSHIRE CREDIT CORPORATION,
                                as Servicer

                             By:
                                 -----------------------------------------------
                             Name:
                                  ----------------------------------------------
                             Title:
                                   ---------------------------------------------

                             JPMORGAN CHASE BANK, NATIONAL ASSOCIATION,
                                not in its individual capacity,
                                but solely as Trustee

                             By:
                                 -----------------------------------------------
                             Name:
                                  ----------------------------------------------
                             Title:
                                   ---------------------------------------------<PAGE>
                                                                     Exhibit 4.1

                       Specimen Common Share Certificate

# OF SHARE CERTIFICATE                                           - # OF SHARES -

                               CRM HOLDINGS, LTD.
                 PAR VALUE OF COMMON SHARES (U.S.) $0.01 EACH

      THIS IS TO CERTIFY THAT [ NAME OF SHAREHOLDER ] OF [ ADDRESS OF
SHAREHOLDER ], IS THE REGISTERED HOLDER OF [# OF SHARES] FULLY PAID COMMON
SHARES OF THE PAR VALUE OF (U.S.) $0.01 EACH IN THE ABOVE-NAMED COMPANY, SUBJECT
TO THE MEMORANDUM OF ASSOCIATION AND BYE-LAWS THEREOF.

      GIVEN UNDER THE COMMON SEAL OF THE COMPANY THIS [     ] DAY OF NOVEMBER
2005.

                                 .......................................DIRECTOR

                                 ......................................SECRETARY

<PAGE>
THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER
THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR ANY STATE OR FOREIGN
SECURITIES LAWS. THEY MAY NOT BE SOLD, ASSIGNED, PLEDGED, HYPOTHECATED OR
OTHERWISE TRANSFERRED UNLESS THEY ARE REGISTERED UNDER THE ACT AND ANY
APPLICABLE STATE OR FOREIGN SECURITIES LAWS OR THE ISSUER OF THESE SECURITIES
RECEIVES AN OPINION OF COUNSEL SATISFACTORY TO IT THAT SUCH REGISTRATION IS NOT
REQUIRED.

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