Document:

Amendment No. 9 to the Loan and Security Agreement

 Exhibit 10.25 
 EXECUTION COPY 
 AMENDMENT NO. 9 TO THE 
 LOAN AND SECURITY AGREEMENT 
 Dated as of June 1, 2009 
 AMENDMENT NO. 9 TO THE LOAN AND SECURITY AGREEMENT (this “Amendment”) by and between Residential Funding Company, LLC, a Delaware
limited liability company, as borrower (“RFC”), GMAC Mortgage, LLC, a Delaware limited liability company, as borrower (“GMAC Mortgage” and together with RFC, each a “Borrower” and collectively, the
“Borrowers”), Residential Capital, LLC, a Delaware limited liability company, as guarantor (the “Guarantor”) and GMAC LLC, a Delaware limited liability company, as lender (the “Lender”). 

PRELIMINARY STATEMENTS: 
 (1) The
Borrowers and the Lender have entered into a Loan and Security Agreement dated as of April 18, 2008 (the “Loan and Security Agreement”). Capitalized terms not otherwise defined in this Amendment have the same meanings as
specified in the Loan and Security Agreement. 
 (2) The Guarantor executed a guarantee (the “Guarantee”) dated as of
April 18, 2008 in favor of the Lender in connection with the Loan and Security Agreement. 
 (3) The Borrowers and the Lender have
entered into an Amendment No. 1 to the Loan and Security Agreement dated May 21, 2008. 
 (4) The Borrowers and the Lender have
entered into an Amendment No. 2 to the Loan and Security Agreement dated May 22, 2008. 
 (5) The Borrowers and the Lender have
entered into an Amendment No. 3 to the Loan and Security Agreement dated June 2, 2008. 
 (6) The Borrowers and the Lender have
entered into an Amendment No. 4 to the Loan and Security Agreement dated July 25, 2008. 
 (7) The Borrowers and the Lender have
entered into an Amendment No. 5 to the Loan and Security Agreement dated October 3, 2008. 
 (8) The Borrowers, the Guarantor and
the Lender have entered into an Amendment No. 6 to the Loan and Security Agreement dated October 17, 2008. 
 (9) The Borrowers,
the Guarantor and the Lender have entered into an Amendment No. 7 to the Loan and Security Agreement dated December 10, 2008. 
 (10) The Borrowers, the Guarantor and the Lender have entered into an Amendment No. 8 to the Loan and Security Agreement dated March 18, 2009. 
  

					
		  		  	 Amendment No. 9 to MSR
 Loan and Security Agreement

 (11) The Borrowers have requested the Lender to amend, and the Lender has agreed to amend, the Loan and
Security Agreement on the terms and conditions set forth herein, and the Guarantor has agreed to be a party to this Amendment. 
 For good
and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto agree as follows: 
 SECTION 1. Amendments to
the Loan and Security Agreement. The Loan and Security Agreement is, effective as of the date hereof, hereby amended as follows: 
 (a) Section 4.01 of the Loan and Security Agreement is hereby amended and restated in full to read as follows: 
 “Security Interest. As security for the prompt payment and performance of (a) all of its obligations hereunder, under the Note and under the other Facility Documents, (b) all “Obligations” as defined in the
November Loan Agreement, (c) all “Obligations” as defined in the Credit Agreement and (d) all obligations, indebtedness and liabilities of the ResCap Counterparties under the Master Netting Agreement or other Derivative Documents
(collectively, the “Secured Obligations”), each Borrower hereby assigns and pledges to the Lender, and grants a security interest to the Lender in, all of such Borrower’s right, title and interest, in, to, and under, whether
now owned or hereafter acquired, in all of the following, whether now or hereafter existing and wherever located: (i) the Servicing Rights whether or not yet accrued, earned, due or payable as well as all other present and future rights and
interests of such Borrower in such Servicing Rights, (ii) the Collection Accounts, (iii) the Servicing Contracts and all rights and claims thereunder, (iv) all books and records, including computer disks and other records, related to
the foregoing (but excluding computer programs), (v) any Additional Collateral pledged from time to time pursuant to Section 2.08(b), and (vi) all monies due or to become due with respect to the foregoing and all proceeds of
the foregoing, but with respect to (i)-(v) above specifically excluding the Excluded Collateral (all of the foregoing, collectively, the “Collateral”).” 
 (b) Section 6.02(a) of the Loan and Security Agreement is hereby amended and restated in full to read as follows: 
 “(a) It has not assigned, pledged, conveyed, or encumbered any Collateral to any other Person, and immediately prior to the pledge of
any such Collateral, it was the sole owner of such Collateral and had good and marketable title thereto, free and clear of all Liens, in each case except for Liens to be released simultaneously with the Liens granted in favor of the Lender
hereunder, the Omnibus Agent under the Omnibus Security Agreement or GMAC LLC under the Fourth Security Agreement (as defined in the Credit Agreement) and no Person, other than the Lender, the Omnibus Agent or GMAC LLC has any Lien on any
Collateral.” 
  

					
		  	2	  	 Amendment No. 9 to MSR
 Loan and Security Agreement

 (c) Section 8.01(e) of the Loan and Security Agreement is hereby amended and
restated in full to read as follows: 
 “(e) (i) an “Event of Default” or “Termination Event” shall
have occurred under any Derivative Agreement (as such terms are defined in the applicable Derivative Agreement), (ii) a “Default” shall have occurred under the Master Netting Agreement (as such term is defined in the Master Netting
Agreement), (iii) an “Event of Default” shall have occurred under any Facility Document (as such terms are defined in the November Loan Agreement) or (iv) an “Event of Default” shall have occurred under any Facility
Document (as such terms are defined in the Credit Agreement).” 
 (d) Section 8.03(b) of the Loan and Security
Agreement is hereby amended by adding the following sentence at the end of the section: 
 “Proceeds of Collateral shall be allocated to
the Secured Parties (as defined in the Omnibus Security Agreement) in such manner as is determined by the Omnibus Agent in its sole discretion.” 
 (e) Schedule I of the Loan and Security Agreement is hereby amended to add the following definition in proper alphabetical order: 
 “Credit Agreement means that certain Credit Agreement, dated as of June 1, 2009, as amended, supplemented, restated or
otherwise modified from time to time, among RAHI and PATI, as borrowers, ResCap, RFC, and GMAC Mortgage, as guarantors, and GMAC LLC, as agent and initial lender, and certain other financial institutions and Persons from time to time party
thereto as lenders, pursuant to which the lenders thereunder have agreed to make loans to RAHI and PATI.” 
 SECTION 2.
Effectiveness. 
 (a) This Amendment and the provisions contained herein shall become effective as of the date first
above written. 
 (b) On or before June 1, 2009, the Borrowers shall deliver or cause to be delivered opinions of counsel
to the Borrowers and the Guarantor with respect to the transactions contemplated hereby, which opinions shall be in form and substance satisfactory to the Lender. 
 (c) On or before June 1, 2009, the Borrowers shall deliver or cause to be delivered such other documents as the Lender may reasonably
request, which documents will be in form and substance satisfactory to the Lender. 
  

					
		  	3	  	 Amendment No. 9 to MSR
 Loan and Security Agreement

 SECTION 3. Consent to Security Interest. Each of the Borrowers, the Guarantor and the Lender
hereby consent to the creation and existence of the security interests in the Collateral created by the Pledge and Security Agreement and Irrevocable Proxy, dated as of June 1, 2009, among RFC Asset Holdings II, LLC, Passive Asset Transactions,
LLC, Residential Capital, LLC, Residential Funding Company, LLC, GMAC Mortgage, LLC, as grantors, all other persons who become a grantor thereunder, and GMAC LLC, as secured party, as the same may be amended, supplemented, amended and
restated or otherwise modified from time to time. 
 SECTION 4. Representations and Warranties of the Borrowers and the Guarantor. The
Borrowers and the Guarantor each represents and warrants as follows: 
 (a) It is a limited liability company duly organized or formed,
validly existing and in good standing under the laws of Delaware. 
 (b) The execution, delivery and performance by it of this Amendment and
(as applicable) the Loan and Security Agreement, as amended hereby, or the Guarantee and the consummation of the transactions contemplated hereby and thereby will not conflict with, result in any breach of any of the terms and provisions of, or
constitute (with or without notice, lapse of time or both) a default under its organizational documents, or any material indenture, loan agreement, mortgage, deed of trust, or other material agreement or interest to which it is a party or by which
it is otherwise bound, or result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture, loan agreement, mortgage, deed of trust, or other agreement or instrument, other than this Agreement,
or violate any Requirements of Law applicable to it of any Governmental Authority having jurisdiction over it or any of its properties if such violation, individually, or in the aggregate, is reasonably likely to have a Material Adverse Effect.

 (c) No approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority or any
other Person is necessary or required in connection with execution, delivery or performance by it of this Amendment and (as applicable) the Loan and Security Agreement, as amended hereby, and the Guarantee. 
 (d) This Amendment has been duly executed and delivered by it. This Amendment and (as applicable) the Loan and Security Agreement, as amended hereby, and
the Guarantee constitute, its legal, valid and binding obligations enforceable against it in accordance with its respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, or other similar laws affecting the
enforcement of creditors’ rights generally and by general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law. 
  

					
		  	4	  	 Amendment No. 9 to MSR
 Loan and Security Agreement

 (e) There are no proceedings or investigations pending, or to the best of its knowledge threatened in
writing, against it before any court, regulatory body, administrative agency, or other tribunal or governmental instrumentality (i) asserting the invalidity of any Facility Document, (ii) seeking to prevent the consummation of any of the
transactions contemplated by any Facility Document, or (iii) seeking any determination or ruling that could reasonably be expected to have a Material Adverse Effect. 
 (f) The representations and warranties contained in the Guarantee (in the case of the Guarantor) or Section 6.01 of the Loan and Security Agreement (in the case of the Borrowers), are true and correct as if made
on the date hereof, except to the extent they expressly relate to an earlier date. 
 (g) No event has occurred and is continuing that
constitutes a Default. 
 SECTION 5. Reference to and Effect on the Loan Documents. (a) On and after the effectiveness of this
Amendment, each reference in the Loan and Security Agreement to “this Agreement,” “hereunder,” “hereof” or words of like import referring to the Loan and Security Agreement, and each reference in the Note, the Guarantee
and the other Facility Documents to “the Loan and Security Agreement,” “thereunder,” “thereof” or words of like import referring to the Loan and Security Agreement, shall mean and be a reference to the Loan and Security
Agreement, as amended by this Amendment and all prior amendments referenced in this Amendment. 
 (b) The Loan and Security Agreement, the
Guarantee, the Note and the other Facility Documents, as specifically amended by this Amendment, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed. 
 (c) The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or
remedy of the Lender under any of Facility Documents, nor constitute a waiver of any provision of any of the Facility Documents. 
 SECTION
6. Notice. Each party hereto hereby acknowledges timely notice of the execution of this Amendment and of the transactions and amendments contemplated hereby. Each party hereto hereby waives any notice requirement contained in the Loan and
Security Agreement, the Guarantee or the other Facility Documents with respect to the execution of this Amendment. 
 SECTION 7.
Reservation of Rights. The Borrowers and the Guarantor each hereby acknowledge and agree that neither this Amendment nor the making of any Loan by the Lender and the Lender’s consent thereto either before or after the date hereof shall
constitute (w) an approval of the accuracy of all or any portion of any Borrower Funding Request, (x) a waiver or forbearance by the Lender or any of the Facility Documents, except as expressly set forth herein, (y) the acceptance by
the Lender of any course of conduct by either Borrower, the Guarantor or any other Person or (z) an agreement by the Lender to amend any of the Facility 

  

					
		  	5	  	 Amendment No. 9 to MSR
 Loan and Security Agreement

 
Documents without all required approvals. The Borrowers each hereby further acknowledge and agree that the Lender reserves all rights, remedies and options
under the Facility Documents to require either Borrower to satisfy in all respects the conditions relating to the making of any Loan under the Loan and Security Agreement and each Borrower and the Guarantor to perform all of its obligations under
the Facility Documents which are then due and owing or are susceptible of performance, as the case may be. 
 SECTION 8. Confirmation of
the Facility Documents. The Borrowers and the Guarantor each hereby acknowledge and agree that the Loan and Security Agreement (as herein amended) the Guarantee and each other Facility Document are each ratified and confirmed in all respects and
shall remain in full force and effect in accordance with their respective terms. Without limiting the foregoing, each Borrower ratifies and reaffirms its grant of a security interest in all the Collateral pledged by it, and agrees that such security
interest is a first priority perfected security interest securing all Obligations and the Borrowers and the Guarantor each ratifies and reaffirms all of its other obligations under the Facility Documents executed and delivered by it. As of the date
hereof, each reference in the Loan and Security Agreement to “this Agreement” shall mean the Loan and Security Agreement as amended by this Amendment, and as hereinafter amended or restated. 
 SECTION 9. Execution in Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto in separate
counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement. Delivery of an executed counterpart of a signature page to this Amendment by telecopier
shall be effective as delivery of a manually executed counterpart of this Amendment. 
 SECTION 10. GOVERNING LAW; SUBMISSION TO
JURISDICTION. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES (BUT WITH REFERENCE TO SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATION LAW,
WHICH BY ITS TERMS APPLIES TO THIS AGREEMENT). EACH PARTY HERETO HEREBY IRREVOCABLY SUBMITS TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK LOCATED IN THE CITY OF MANHATTAN OR IN THE UNITED STATES DISTRICT COURT FOR THE
SOUTHERN DISTRICT OF NEW YORK FOR PURPOSES OF ALL LEGAL PROCEEDINGS ARISING OUT OF OR RELATING TO THIS AMENDMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY AND IRREVOCABLY AGREES TO BE BOUND BY ANY JUDGMENT RENDERED THEREBY IN CONNECTION WITH SUCH
LITIGATION. EACH PARTY HERETO IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT AND ANY CLAIM THAT ANY SUCH
PROCEEDING BROUGHT IN SUCH A COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. EACH PARTY HERETO HEREBY CONSENTS TO PROCESS BEING SERVED IN ANY SUIT, ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT, OR ANY DOCUMENT DELIVERED PURSUANT
HERETO 

  

					
		  	6	  	 Amendment No. 9 to MSR
 Loan and Security Agreement

 
BY THE MAILING OF A COPY THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, RETURN RECEIPT REQUESTED, TO ITS RESPECTIVE ADDRESS SPECIFIED AT THE
TIME FOR NOTICES UNDER THIS AGREEMENT OR TO ANY OTHER ADDRESS OF WHICH IT SHALL HAVE GIVEN WRITTEN OR ELECTRONIC NOTICE TO THE OTHER PARTIES. THE FOREGOING SHALL NOT LIMIT THE ABILITY OF ANY PARTY HERETO TO BRING SUIT IN THE COURTS OF ANY
JURISDICTION. 
 SECTION 11. WAIVER OF JURY TRIAL. EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO A TRIAL
BY JURY WITH RESPECT TO ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AMENDMENT. 
 SECTION 12. Entire Agreement. This
Amendment, the Loan and Security Agreement and the other Facility Documents embody the entire agreement and understanding of the parties hereto and supersede any and all prior agreements, arrangements and understanding relating to the matters
provided for herein. 
 SECTION 13. Captions. The various captions in this Amendment are included for convenience only and shall not
affect the meaning or interpretation of any provision of this Amendment. 
 SECTION 14. Severability. If any provision of this
Amendment, or the application thereof to any party or any circumstance, is held to be unenforceable, invalid or illegal (in whole or in part) for any reason (in any jurisdiction), the remaining terms of this Amendment, modified by the deletion of
the unenforceable invalid or illegal portion (in any relevant jurisdiction), will continue in full force and effect, and such unenforceability, invalidity or illegality will not otherwise affect the enforceability, validity or legality of the
remaining terms of this Amendment so long as this Amendment, as so modified, continues to express, without material change, the original intentions of the parties as to the subject matter hereof and the deletion of such portion of this Amendment
will not substantially impair the respective expectations of the parties or the practical realization of the benefits that would otherwise be conferred upon the parties. 
 [signature pages follow] 
  

					
		  	7	  	 Amendment No. 9 to MSR
 Loan and Security Agreement

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

			
	 GMAC LLC
 a Delaware limited liability
company
 as Lender

		
	By:	 	/s/ David C. Walker
	Name:	 	David C. Walker
	Title:	 	Business Unit Treasury Executive

  

					
		  	S-1	  	 Amendment No. 9 to MSR
 Loan and Security Agreement

			
	 RESIDENTIAL CAPITAL, LLC
 a Delaware
limited liability company
 as Guarantor

		
	By:	 	/s/ John M. Peterson
	Name:	 	John M. Peterson
	Title:	 	Assistant Treasurer

  

			
	 RESIDENTIAL FUNDING COMPANY, LLC
 a
Delaware limited liability company
 as Borrower

		
	By:	 	/s/ John M. Peterson
	Name:	 	John M. Peterson
	Title:	 	Treasurer

  

			
	 GMAC MORTGAGE, LLC
 a Delaware limited
liability company
 as Borrower

		
	By:	 	/s/ John M. Peterson
	Name:	 	John M. Peterson
	Title:	 	Treasurer

  

					
		  	S-2	  	 Amendment No. 9 to MSR
 Loan and Security AgreementFirst Amendment Agreement

 Exhibit 10.26 
 EXECUTION COPY 
 FIRST AMENDMENT AGREEMENT 
 To Pledge and Security Agreement and Irrevocable Proxy 
 Dated as of June 5, 2009

 by and among 
 RFC ASSET
HOLDINGS II, LLC, 
 PASSIVE ASSET TRANSACTIONS, LLC 
 RESIDENTIAL CAPITAL, LLC 
 RESIDENTIAL FUNDING COMPANY, LLC 
 GMAC MORTGAGE, LLC 
 and certain of their
Affiliates from time to time parties hereto, 
 as Grantors, 
 and 
 GMAC LLC, 
 as a Secured Party 
  

					
		  		  	 First Amendment Agreement to
 Fourth Security Agreement

 This FIRST AMENDMENT AGREEMENT (this “Agreement”) dated as of June 5, 2009 (the
“Amendment Effective Date”), is by and among RFC Asset Holdings II, LLC, a Delaware limited liability company (“RAHI”), and Passive Asset Transactions, LLC, a Delaware limited liability company
(“PATI”); Residential Capital, LLC, a Delaware limited liability company (“ResCap”), Residential Funding Company, LLC, a Delaware limited liability company (“RFC”), and GMAC Mortgage, LLC, a
Delaware limited liability company (“GMAC Mortgage” and each of RAHI, PATI, ResCap, and RFC, together with any successors and assigns, is herein a “Grantor” and collectively, the “Grantors”); and
GMAC LLC, a Delaware limited liability company (“Secured Party” or “GMAC”). 
 Reference is hereby made to
the Pledge and Security Agreement and Irrevocable Proxy dated as of June 1, 2009 among the Grantors and the Secured Party (the “Fourth Security Agreement”). 
 RECITALS 
 1. Each of the parties hereto is a party to the Fourth Security Agreement.

 2. The parties hereto desire to make certain amendments to the Fourth Security Agreement. 
 3. Each of the parties hereto, by its signature hereto, hereby acknowledges, consents and agrees to the changes set forth herein. 
 4. In consideration of the promises and mutual agreements herein contained and for good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE I 
 DEFINED TERMS 
 SECTION 1.1 Capitalized terms used herein and not otherwise defined
shall have the meaning set forth in the Fourth Security Agreement. 
  

					
		  		  	 First Amendment Agreement to
 Fourth Security Agreement

 ARTICLE II 
 AMENDMENTS TO THE FOURTH SECURITY AGREEMENT 
 SECTION 2.1 Amendment to Section 1. The following
definitions are hereby amended and restated in their entirety to read as follows: 
 “Contribution Agreement means, as the case
may be, (a) that certain Contribution Agreement dated as of November 20, 2008, among ResCap, GMAC Residential Holding Company, LLC, GMAC Mortgage, and PATI; (b) that certain Contribution Agreement dated as of November 20, 2008,
among RAHI, PATI, RAHI A, LLC and PATI A, LLC; or (c) that certain Contribution Agreement dated as of June 5, 2009, among ResCap, GMAC Residential Holding Company, LLC, GMAC Mortgage, and PATI, in each case as the same may be amended,
supplemented, restated or otherwise modified from time to time; and Contribution Agreements means all of them. 
 GX II Security
Documents means the GX II Administration Agreement, the GX II Guaranteed Investment Contract, the GX II Trust Deed, GX II VFLN Agreement, the GX II Notes and each other document, agreement and deed entered into by ResCap,
its Subsidiary, GX II SPE and/or the Stichting Security Trustee GX CE Funding II in connection with the purchase of certain residential mortgage loans and related assets, the issuance of the GX II Notes and creation of security in respect
of the GX II Notes in favor of the Stichting Security Trustee GX CE Funding II, in each case, by the GX II SPE, as all of the foregoing may be amended, supplemented, restated or otherwise modified from time to time, and in each case if and to the
extent any of the foregoing evidence or relate to the GX II Notes.” 
 SECTION 2.2 Amendment to Section 2. Section 2 of
the Fourth Security Agreement is hereby amended and restated to read as follows: 
 “2. Grant of Security Interest by Grantors. As
security for the prompt payment in full in cash and performance of all Obligations, each of the Grantors hereby pledges to the Secured Party and hereby grants a continuing security interest to the Secured Party in all of each such Grantor’s
right, title and interest, in, to, and under, whether now or hereafter existing, owned or acquired and wherever located and howsoever created, arising or evidenced, all of the following: 
 (a) all Pledged Mortgage Loans and all assets, rights or property related thereto; 
 (b) all Pledged Shares of each Pledged Share Issuer identified in Exhibit B of Schedule IV hereto and all assets, rights or
property related thereto; 
 (c) (i) all Flume No. 8 Notes, all GX II Notes, all First Savings Warehouse Notes, all
Provident Warehouse Notes and all other Pledged Notes (including, without limitation, the Flume No. 8 Initial Note and the GX II Initial Note), and (ii) all assets, rights or property related thereto (including, without limitation, the
Flume No. 8 Facility Documents, the Warehouse Loans, the Warehouse Facility Documents, the GX II Security Documents, and all Pledged Note Liens, if and to the extent the foregoing evidence or relate to the Flume No. 8 Notes, the GX II
Notes or such other Pledged Notes); 
  

					
		  	2	  	 First Amendment Agreement to
 Fourth Security Agreement

 (d) (i) all Pledged Interests (including, without limitation, the equity interests owned
by RAHI in RAHI A, LLC, a Delaware limited liability company, by PATI in PATI A, LLC, a Delaware limited liability company and by RFC in Equity Investment I, LLC, a Delaware limited liability company), and (ii) all assets, rights or property
related thereto; 
 (e) (i) all Dividends, Distributions, interest, and (ii) other payments and rights, in each case if
and to the extent evidencing or related to the Pledged Shares, Pledged Notes and Pledged Note Liens, Pledged Interests, Flume No. 8 Facility Documents, GX II Security Documents, Warehouse Loans, Warehouse Facility Documents or Pledged
Mortgage Loans; 
 (f) all Deposit Accounts, including, without limitation, all Deposit Accounts identified on Exhibit
A of Schedule IV, and all Property deposited or carried therein or credited thereto, in each case if and to the extent related to any Pledged Shares, Pledged Notes and Pledged Note Liens, Pledged Interests, Flume No. 8 Facility
Documents, GX II Security Documents, Warehouse Loans, Warehouse Facility Documents or Pledged Mortgage Loans; 
 (g) all
Securities Accounts including, without limitation, all Securities Accounts identified on Exhibit A of Schedule IV, and all Property, including all Investment Property and Financial Assets, deposited or carried therein or credited
thereto, and all permitted investments acquired with funds on deposit in or carried in or credited to such Securities Accounts, in each case if and to the extent related to any Pledged Shares, Pledged Notes and Pledged Note Liens, Pledged Interests,
Flume No. 8 Facility Documents, GX II Security Documents, Warehouse Loans, Warehouse Facility Documents or Pledged Mortgage Loans; 
 (h) to the extent not included in the foregoing, the Contribution Agreements and all other agreements, contracts, documents and instruments if and to the extent evidencing or related to any Pledged Shares, Pledged
Notes and Pledged Note Liens, Pledged Interests, Flume No. 8 Facility Documents, GX II Security Documents, Warehouse Loans, Warehouse Facility Documents or Pledged Mortgage Loans; 
 (i) (i) all books, records, writings, data bases, information and other property relating to or evidencing any Pledged Shares, Pledged
Notes and Pledged Note Liens, Pledged Interests, Flume No. 8 Facility Documents, GX II Security Documents, Warehouse Loans, Warehouse Facility Documents or Pledged Mortgage Loans, and (ii) all insurance policies, claims and/or insurance
proceeds arising out of the loss, nonconformity or any interference with the use of, or any defect or infringement of rights in, or damage to, any of the foregoing, in each case if and to the extent evidencing or related to any Pledged Shares,
Pledged Notes and Pledged Note Liens, Pledged Interests, Flume No. 8 Facility Documents, GX II Security Documents, Warehouse Loans, Warehouse Facility Documents or Pledged Mortgage Loans; 
  

					
		  	3	  	 First Amendment Agreement to
 Fourth Security Agreement

 (j) to the extent not included in the foregoing, all Accounts, Chattel Paper, Commercial
Tort Claims, Deposit Accounts, Documents, General Intangibles (including Payment Intangibles), Goods, Instruments, Investment Property, Letter-of-Credit Rights, Letters of Credit, Supporting Obligations, Money and all other personal assets and
property of any kind or description, in each case if and to the extent related to any Pledged Shares, Pledged Notes and Pledged Note Liens, Pledged Interests, Flume No. 8 Facility Documents, GX II Security Documents, Warehouse Loans, Warehouse
Facility Documents or Pledged Mortgage Loans; 
 (k) all Proceeds, products, offspring, rents, issues, profits and returns of
and from, and all distributions on any of the foregoing; 
 (l) all MSR Collateral; and 
 (m) all Derivative Collateral. 
 Nothing
herein shall release or otherwise impair any security interest granted under any of the other Specified Documents, each of which will remain in full force and effect in accordance with its terms. 
 Each of the Grantors hereby covenants and agrees, no later than the date hereof, to pledge, or as the case may be, to pledge in advance, all of its rights, titles
and interests in, to and under the GX II Notes and the related GX II Security Documents to the Secured Party.” 
 SECTION 2.3
Amendments to Schedule IV. 
 (a) Exhibit C to Schedule IV of the Fourth Security Agreement is hereby amended by inserting the
following: 
  

					
	 Pledged Note Issuer
	  	 Pledged Note
	  	 Pledged Note Holder

	GX CE Funding II B.V.	  	All GX II Notes, including, without limitation, that certain GX II Initial Note constituted by and issued pursuant to the GX II VFLN Agreement dated as of June 5, 2009, and made between GX CE
Funding II B.V., Residential Capital, LLC, Stichting Security Trustee GX CE Funding II, GMAC-RFC Investments B.V. and GMAC RFC Nederland B.V.	  	Passive Asset Transactions, LLC

  

					
		  	4	  	 First Amendment Agreement to
 Fourth Security Agreement

 SECTION 2.4 Amendment to Schedule V. Schedule V of the Fourth Security Agreement is hereby amended
and restated as follows: 
 “First Savings Warehouse Note 
 Provident Warehouse Note 
 Flume No. 8 Notes 
 RAHI A, LLC Membership Interest 
 PATI A, LLC Membership Interest 
 GX II Notes” 
 ARTICLE III 
 CONDITIONS TO EFFECTIVENESS 
 SECTION 3.1 Amendment Effective Date. This Agreement and the provisions
contained herein shall become effective as of the Amendment Effective Date. 
 SECTION 3.2 UCC Financing Statements. The effectiveness
of this Agreement shall be subject to the filing of proper financing statements (Form UCC-1 or Form UCC-3, as the case may be), naming each Borrower, each Guarantor and each Grantor as debtor and GMAC as the secured party, or other, similar
instruments or documents, and the taking of all actions under the UCC or any Requirements of Law (including under English law and Dutch law) as necessary or reasonably requested by the Secured Party to perfect the Secured Party’s security
interest in the Collateral. 
 SECTION 3.3 Opinions. The Obligors shall deliver, on the date hereof, opinions of counsel to the
Borrowers, the Guarantors and Grantors with respect to the transactions contemplated hereby, which opinions shall be in form and substance satisfactory to the Secured Party. 
 SECTION 3.4 Other. The Obligors shall deliver, on the date hereof, such other opinions and documents as the Secured Party may reasonably request,
which opinions and documents will be in form and substance satisfactory to the Secured Party. 
  

					
		  	5	  	 First Amendment Agreement to
 Fourth Security Agreement

 ARTICLE IV 
 ACKNOWLEDGEMENTS, CONSENTS, NOTICE, CONFIRMATION AND 
 REPRESENTATIONS AND WARRANTIES 
 SECTION 4.1 Notice. Each party hereto hereby acknowledges timely notice of the execution of this Agreement and of the transactions and amendments
contemplated hereby. Each party hereto hereby waives any notice requirement contained in the Fourth Security Agreement or the Specified Documents with respect to the execution of this Agreement. 
 SECTION 4.2 Confirmation of the Omnibus Security Agreement. The Grantors each hereby acknowledge and agree that the Fourth Security Agreement and
each other Specified Document are each ratified and confirmed in all respects and shall remain in full force and effect in accordance with their respective terms. Without limiting the foregoing, each Grantor reaffirms its grant of a security
interest in all the Collateral pledged by it, and agrees that such security interest secures all Obligations as defined in the Fourth Security Agreement. As of the Amendment Effective Date, each reference in the Fourth Security Agreement to
“this Agreement” or in any other Specified Document to the “Fourth Security Agreement” shall mean the Fourth Security Agreement as amended by this Agreement, and as hereinafter amended or restated. 
 SECTION 4.3 Representations and Warranties. By its signature hereto, each Grantor hereby represents and warrants that, before and after giving
effect to this Agreement, as follows: 
 (a) Its representations and warranties set forth in the Specified Documents are true
and correct as if made on the date hereof, except to the extent they expressly relate to an earlier date; and 
 (b) No
Default has occurred and is continuing. 
 ARTICLE V 
 MISCELLANEOUS 
 SECTION 5.1 GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES (BUT WITH REFERENCE TO SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW, WHICH BY ITS TERMS APPLIES TO THIS AGREEMENT). 
 SECTION 5.2 Execution in Counterparts. This Agreement may be executed in any number of counterparts and by different parties hereto in separate
counterparts, each of which when so executed shall be deemed to be an original (whether such counterpart is originally executed or an electronic copy of an original and each party hereto expressly waives its rights to receive originally executed
documents) and all of which when taken together shall constitute one and the same agreement. 
  

					
		  	6	  	 First Amendment Agreement to
 Fourth Security Agreement

 SECTION 5.3 WAIVER OF JURY TRIAL. EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT
TO A TRIAL BY JURY WITH RESPECT TO ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT. 
 SECTION 5.4 Entire Agreement.
This Agreement, the Security Agreement and the other Facility Documents embody the entire agreement and understanding of the parties hereto and supersede any and all prior agreements, arrangements and understanding relating to the matters provided
for herein. 
 SECTION 5.5 Captions. The various captions in this Agreement are included for convenience only and shall not affect the
meaning or interpretation of any provision of this Agreement. 
 SECTION 5.6 Severability. If any provision of this Agreement, or the
application thereof to any party or any circumstance, is held to be unenforceable, invalid or illegal (in whole or in part) for any reason (in any jurisdiction), the remaining terms of this Agreement, modified by the deletion of the unenforceable
invalid or illegal portion (in any relevant jurisdiction), will continue in full force and effect, and such unenforceability, invalidity or illegality will not otherwise affect the enforceability, validity or legality of the remaining terms of this
Agreement so long as this Agreement, as so modified, continues to express, without material change, the original intentions of the parties as to the subject matter hereof and the deletion of such portion of this Agreement will not substantially
impair the respective expectations of the parties or the practical realization of the benefits that would otherwise be conferred upon the parties. 
 SECTION 5.7 SUBMISSION TO JURISDICTION. EACH PARTY HERETO HEREBY IRREVOCABLY SUBMITS TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK LOCATED IN THE CITY OF MANHATTAN OR IN THE UNITED STATES DISTRICT COURT FOR
THE SOUTHERN DISTRICT OF NEW YORK FOR PURPOSES OF ALL LEGAL PROCEEDINGS ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY AND IRREVOCABLY AGREES TO BE BOUND BY ANY JUDGMENT RENDERED THEREBY IN CONNECTION WITH SUCH
LITIGATION. EACH PARTY HERETO IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT AND ANY CLAIM THAT ANY SUCH
PROCEEDING BROUGHT IN SUCH A COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. EACH PARTY HERETO HEREBY CONSENTS TO PROCESS BEING SERVED IN ANY SUIT, ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT, OR ANY DOCUMENT DELIVERED PURSUANT HERETO BY
THE MAILING OF A COPY THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, RETURN RECEIPT REQUESTED, TO ITS RESPECTIVE ADDRESS SPECIFIED AT THE TIME FOR NOTICES UNDER THIS AGREEMENT OR TO ANY OTHER ADDRESS OF WHICH IT SHALL HAVE GIVEN WRITTEN
OR ELECTRONIC NOTICE TO THE OTHER PARTIES. THE FOREGOING SHALL NOT LIMIT THE ABILITY OF ANY PARTY HERETO TO BRING SUIT IN THE COURTS OF ANY JURISDICTION. 
  

					
		  	7	  	 First Amendment Agreement to
 Fourth Security Agreement

 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their respective officers
thereunto duly authorized, as of the date first above written. 
  

			
	 RFC ASSET HOLDINGS II, LLC,
 as
Grantor

		
	By:	 	/s/ Melissa White
	Name:	 	Melissa White
	Title:	 	Assistant Treasurer

  

					
		  	S-1	  	 First Amendment Agreement to
 Fourth Security Agreement

			
	 PASSIVE ASSET TRANSACTIONS, LLC,
 as Grantor

		
	By:	 	/s/ Melissa White
	Name:	 	Melissa White
	Title:	 	Assistant Treasurer

  

					
		  	S-2	  	 First Amendment Agreement to
 Fourth Security Agreement

			
	 RESIDENTIAL CAPITAL, LLC,
 as
Grantor

		
	By:	 	/s/ John M. Peterson
	Name:	 	John M. Peterson
	Title:	 	Assistant Treasurer

  

					
		  	S-3	  	 First Amendment Agreement to
 Fourth Security Agreement

			
	 RESIDENTIAL FUNDING COMPANY, LLC,
 as Grantor

		
	By:	 	/s/ Melissa White
	Name:	 	Melissa White
	Title:	 	Assistant Treasurer

  

					
		  	S-4	  	 First Amendment Agreement to
 Fourth Security Agreement

			
	 GMAC MORTGAGE, LLC,
 as
Grantor

		
	By:	 	/s/ Melissa White
	Name:	 	Melissa White
	Title:	 	Assistant Treasurer

  

					
		  	S-5	  	 First Amendment Agreement to
 Fourth Security Agreement

			
	 GMAC LLC,
 as Secured
Party

		
	By:	 	/s/ David C. Walker
	Name:	 	David C. Walker
	Title:	 	Business Unit Treasury Executive

  

					
		  	S-6	  	 First Amendment Agreement to
 Fourth Security Agreement

 ACKNOWLEDGEMENTS AND AGREEMENTS 
 The Senior Debt Agent hereby acknowledges and agrees with the Secured Party that none of the Collateral is subject to the lien created by the Senior Debt
Security Documents. The Senior Debt Agent further agrees, upon request of the Secured Party, to take such actions as are reasonably necessary to cause Wells Fargo Bank, N.A., as First Priority Collateral Agent under the Senior Debt Loan Agreement,
to confirm that no lien exists with respect to such Collateral pursuant to the Senior Debt Security Documents. 
  

			
	 GMAC LLC,
 as Senior Debt
Agent

		
	By:	 	/s/ David C. Walker
	Name:	 	David C. Walker
	Title:	 	Business Unit Treasury Executive

 GMAC LLC, in its capacity as LOC Agent (as defined in the Credit Agreement), Omnibus Agent
and lender under the MSR Loan Agreement, hereby consents to the security interests arising under the Pledge and Security Agreement and Irrevocable Proxy to which this Acknowledgement and Agreement is attached. 
  

			
	 GMAC LLC, as LOC Agent and Omnibus
 Agent,
lender under the MSR Loan Agreement
 and in its individual capacity

		
	By:	 	/s/ David C. Walker
	Name:	 	David C. Walker
	Title:	 	Business Unit Treasury Executive

  

					
		  	S-7	  	 First Amendment Agreement to
 Fourth Security Agreement

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