Document:

Deed of Assignment and Termination dated as of August 19, 2010

  
 Exhibit 10.2

 DATED 19 AUGUST 2010 
 UK RELOCATION RECEIVABLES FUNDING LIMITED 
 and 

CARTUS LIMITED 
 and 
 CARTUS FUNDING LIMITED 

 
  

DEED OF ASSIGNMENT AND TERMINATION 
  

 

 

 

 ORRICK, HERRINGTON & SUTCLIFFE (EUROPE) LLP 

107 CHEAPSIDE 

LONDON EC2V 6DN 

  
 THIS DEED is made on
19 August 2010 
 BETWEEN: 
  

	(1)	UK RELOCATION RECEIVABLES FUNDING LIMITED with company number 5568806, whose registered office is 35 Great St. Helen’s, London EC3A 6AP
(“UKRRFL”); and 

  

	(2)	CARTUS LIMITED with company number 01431036, whose registered office is Frankland Road, Blagrove, Swindon, Wiltshire SN5 8RS (“CL”); and

  

	(3)	CARTUS SERVICES LIMITED with company number 01389936, whose registered office is Frankland Road, Blagrove, Swindon, Wiltshire SN5 8RS (“CSL”);
and 

  

	(4)	CARTUS FUNDING LIMITED with company number 01826077, whose registered office is Frankland Road, Blagrove, Swindon, Wiltshire SN5 8RS (“CF”).

 BACKGROUND 
  

	(A)	Pursuant to a receivables transfer agreement and trust deed originally dated 4th April 2007 (as subsequently amended and restated) CL, CSL and CF (together, the
“Sellers”) sold and assigned to UKRRFL certain assignable receivables and established a trust in favour of UK RRFL in respect of certain non assignable receivables in each case owing to the Sellers (the “Receivables Transfer
Agreement”). 

  

	(B)	Pursuant to the terms of this Deed, in return for the consideration set out in clause 2 hereof UKRRFL will assign its rights, title and interest in all receivables
transferred to UK RRFL and terminate the trust interests created in its favour in respect of the Non-Assignable receivables pursuant to the terms of the Receivables Transfer Agreement. 

 

	(C)	Subject to payment of the consideration set out in clause 2 the rights and obligations of the Parties under the Receivables Transfer Agreement and the Receivables
Servicing Agreement will terminate from the Closing Date provided that such termination shall be without prejudice to rights accrued to such date. 

  

	1.	DEFINITIONS 

  

	1.1	In this Deed, including the Recitals, the following expressions shall have the following meanings: 

“Assigned Receivables” means receivables transferred to and held by the Assignor pursuant to the terms of the Receivables
Transfer Agreement. 
 “Affected Assets” has the meaning given to it under the Receivables Transfer Agreement.

  
 2 

  
 “Category 1
Non-Assignable Receivables” has the meaning given to it in the Receivables Transfer Agreement”. 

“Category 1 Non-Assignable Receivables Trust” means the trust created pursuant to clause 2.2 of the Receivables Transfer
Agreement under which the Sellers held all rights, title and interest in the Category 1 Non-Assignable Receivables for the benefit of the UKRRFL. 
 “Category 2 Non-Assignable Receivables” has the meaning given to it in the Receivables Transfer Agreement”. 
 “Category 2 Non-Assignable Receivables Trust” means the trust created pursuant to clause 2.3 of the Receivables Transfer Agreement under which the Sellers held all rights, title and
interest in the Category 2 Non-Assignable Receivables for the benefit of the UKRRFL. 
 “Closing Date” means
23 August 2010. 
 “Deed or this Deed” means this Deed of Assignment and Termination. 

“Purchase Price” means £12,343,606.45. 
 “Receivables” means the Assigned Receivables, the Category 1 Non-Assignable Receivables and/or the Category 2 Non-Assignable Receivables (as the case may be). 

“Receivables Servicing Agreement” means the agreement originally dated 4th April 2007 (as subsequently amended and
restated) entered into between the UKRRFL, the CL and Credit Agricole Corporate and Investment Bank, London Branch relating to the servicing of the Receivables. 
  

	2.	CONSIDERATION AND PAYMENT 

  

	2.1	In consideration of the assignments and the termination or transfer of trust interests in the Receivables described in clause 3 CL shall pay to UKRRFL the Purchase
Price on the Closing Date. The Sellers and UKRRFL agree that the Purchase Price shall be inclusive of all value added tax or other taxes relating to the Receivables. From the Closing Date and subject to payment of the Purchase Price UKRRFL shall
have no further right, title or interest in any Assigned Receivables or any assets the subject of the Category 1 Non-Assignable Receivables Trust or the Category 2 Non-Assignable Receivables Trust. 

 

	2.2	The obligations of the parties contained in the Deed are conditional upon the rights and interests to be transferred or terminated by this Deed having been released
from any encumbrance or security interest in favour of Credit Agricole Corporate and Investment Bank and LMA S.A. with effect on the Closing Date. 

  
 3 

  

	3.	ASSIGNMENT AND TRUSTS 

 On
and subject to payment of the Purchase Price as set out in clause 2: 
  

	3.1	UKRRFL with full title guarantee hereby sells and assigns and CL hereby purchases all of the rights, title and interest held by UKRRFL in, to and under the Assigned
Receivables existing at the Closing Date and all other related Affected Assets at such date; 

  

	3.2	UKRRFL agrees that all its right, title and interest in, to and under the trusts created by CL in respect of the Category 1 Non-Assignable Receivables and the proceeds
of the Assignable Receivables, the Category 1 Non-Assignable Receivables and the Category 2 Non-Assignable Receivables and all other related Affected Assets in each case existing at the Closing Date shall be terminated as of the Closing Date and CL
shall be entitled to all such right title and interest in its own right; and 

  

	3.3	UKRRFL and the Sellers (other than CL) agree that all the right, title and interest of UKRRFL in, to and under the trusts created by the Sellers (other than CL) in
respect of the Category 1 Non Assignable Receivables and the proceeds of the Assignable Receivables, the Category 1 Non-Assignable Receivables and the Category 2 Non-Assignable Receivables, and all other related Affected Assets in each case in
favour of UKRRFL existing at the Closing Date shall be terminated as of the Closing Date and the Sellers (other than CL) agree to hold such right, title and interests in trust in favour of and on behalf of CL. 

 

	4.	TERMINATION OF AGREEMENTS 

  

	4.1	UKRRFL and the Sellers agree that subject to payment of the Purchase Price and the transfers described in clause 3 the obligations of the parties under the Receivables
Transfer Agreement and the Receivables Servicing Agreement will cease and are hereby terminated as of the Closing Date provided that such termination shall be subject to all rights accrued at the Closing Date. 

 

	5.	NOTICES 

  

	5.1	A demand or notice hereunder shall be in writing signed by an officer or agent of any party and may be served on the other party by hand or by post or by e-mail and in
the case of service by hand either by delivering the same to any officer of that party at any place or leaving the same addressed to that party at its registered office or a place of business last known to the party issuing the notice. If such
demand or notice is sent by post or by fax it shall be deemed to have been received (if posted) on the day following the day on which it was posted and (if sent by e-mail) at the time of transmission but shall not be effective if a transaction
failure notification is received. The party issuing the notice may use the last contact address of the other party known to it and transmission may be proved by production of an activity or sent transmission report. 

  
 4 

  

	6.	COSTS 

  

	6.1	CL shall indemnify UKRRFL for all costs and expenses (including legal fees) and VAT thereon which are incurred by UKRRFL in the preparation and execution of this Deed
and any document to be delivered pursuant to this Deed and in the enforcement and preservation of UKRRFL’s rights under this Deed. 

  

	7.	COUNTERPARTS 

  

	7.1	This Deed may be executed in any number of counterparts and this shall have the same effect as if the signatures on the counterparts were on a single copy of this Deed.

  

	8.	ASSIGNMENTS AND TRANSFERS 

  

	8.1	This Deed and any non contractual rights or obligations arising therefrom shall be binding upon and enure for the benefit of each party and its successors and assigns.

  

	9.	CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999 

  

	9.1	No person who is not a party to this Deed has any right under the Contracts (Rights of Third Parties) Act (1999) to enforce any term of this Deed, but this does
not effect any right or remedy of that person which exists or is available apart from that Act. 

  

	10.	GOVERNING LAW 

  

	10.1	This Deed and any non contractual rights or obligations arising therefrom shall be governed by and construed in accordance with English Law. 

This Deed has been executed by each party as a deed, and is intended by the parties to be delivered as a deed, on the date appearing at the head
of page 1 hereto. 

  
 5 

  
 EXECUTION 

 

					
	 Executed and Delivered
	 	)	  	
	 as a Deed
	 	)	  	/s/Claudia Wallace
	 by UK RELOCATION RECEIVABLES
	 	)	  	Claudia Wallace
	 FUNDING LIMITED
	 	)	  	Director
	 Acting by SFM Directors Limited
	 	)	  	
	 a director and authorised signatory
	 	)	  	
	 and acting by SFM Directors (No.2)
	 	)	  	
	 Limited
	 	)	  	
	 a director/ secretary and authorised
	 	)	  	/s/Abu Kapadia
	 signatory
	 	)	  	Abu Kapadia
		 		  	Director/Secretary
			
	 Executed and Delivered
	 	)	  	
	 as a Deed
	 	)	  	
	 by CARTUS LIMITED
	 	)	  	/s/Robert Abbott
	 Acting by
	 	)	  	Robert Abbott
	 a director and authorised signatory
	 	)	  	Director
	 and acting by
	 	)	  	
	 a director/ secretary and authorised
	 	)	  	/s/Jeremy Spring
	 signatory
	 	)	  	Jeremy Spring
		 		  	Director/Secretary
			
	 Executed and Delivered
	 	)	  	
	 as a Deed
	 	)	  	
	 by CARTUS SERVICES LIMITED
	 	)	  	/s/Robert Abbott
	 Acting by
	 	)	  	Robert Abbott
	 a director and authorised signatory
	 	)	  	Director
	 and acting by
	 	)	  	
	 a director/ secretary and authorised
	 	)	  	/s/Jeremy Spring
	 signatory
	 	)	  	Jeremy Spring
		 		  	Director/Secretary
			
	 Executed and Delivered
	 	)	  	
	 as a Deed
	 	)	  	
	 by CARTUS FUNDING LIMITED
	 	)	  	/s/Robert Abbott ...
	 Acting by
	 	)	  	Robert Abbott
	 a director and authorised signatory
	 	)	  	Director
	 and acting by
	 	)	  	
	 a director/ secretary and authorised
	 	)	  	/s/Jeremy Spring
	 signatory
	 	)	  	Jeremy Spring
		 		  	Director/Secretary

  
 6Deed of Release dated as of August 19, 2010

  
 Exhibit 10.3

 DATED 19 August 2010 
 CARTUS LIMITED 
 CARTUS FUNDING LIMITED 

CARTUS SERVICES LIMITED 
 UK RELOCATION RECEIVABLES FUNDING LIMITED 
 REALOGY CORPORATION

 LMA S.A. 
 and 
 CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK 

 
  

DEED OF RELEASE 
  

 

 

 

 ORRICK, HERRINGTON & SUTCLIFFE (EUROPE) LLP 

107 CHEAPSIDE 

LONDON EC2V 6DN 

  
 THIS DEED OF RELEASE (this
“Deed”) is made on 19 August 2010 
 BETWEEN: 

 

	(1)	CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, acting in its capacity as security trustee (for itself and the secured parties), arranger, administrative agent,
calculation agent and lender (the “Bank”); 

  

	(2)	CARTUS LIMITED, a company incorporated in England and Wales (company number 01431036) whose registered office is at Frankland Road, Blagrove, Swindon SN5 8RS;
CARTUS FUNDING LIMITED, a company incorporated in England and Wales (company number 01826077) whose registered office is at Frankland Road, Blagrove, Swindon SN5 8RS; CARTUS SERVICES LIMITED, a company incorporated in England and Wales
(company number 01389936) whose registered office is at Frankland Road, Blagrove, Swindon SN5 8RS ( each a “Seller” and together the “Sellers”); 

 

	(3)	UK RELOCATION RECEIVABLES FUNDING LIMITED, a company incorporated in England and Wales (company number 5568806) whose registered office is at 35 Great St.
Helen’s, London EC3A 6AP (the “Borrower”); 

  

	(4)	REALOGY CORPORATION, a corporation formed and existing under the laws of Delaware (the “Parent”); and 

 

	(5)	LMA S.A., a limited company with a management board and supervisory board (société anonyme à directoire et à conseil de
surveillance) incorporated under French law, having its registered office at 9 Quai du Président Paul Doumer, 92920 Paris la Défense Cédex, France and registered with the Trade and Companies Registry of Nanterre (Registre
du Commerce et des Sociétés de Nanterre) under the number 383275187 (the “Note Purchaser”). 

 BACKGROUND 
  

	(A)	Pursuant to the terms of the Financing Agreement the Bank (in various capacities) and LMA S.A. (as Note Purchaser) agreed to make available to the Borrower certain
financing facilities. The Parties hereto have agreed, upon the terms and subject to the conditions herein, with effect from the Effective Date to terminate the Note Issuance Facility Agreement and the related Transaction Documents (as defined in the
master schedule of definitions, interpretations and construction originally dated 4 April 2007 (as subsequently amended and restated) (the “Schedule of Definitions”)) (the Note Issuance Facility Agreement and the related
Transaction Documents together being the “Finance Documents”). 

  

	(B)	By security agreements, dated 12 May 2008 (as amended and restated) between the Bank and each of the Sellers (the “Cartus Security Agreements”)
the assets described in Schedule 1 hereto (the “Seller’s Released Assets”) were charged to the Bank to secure the performance of certain obligations under the Receivables Transfer Agreement, the Receivables Servicing Agreement
and the Security Agreements. 

  

	(C)	 By a purchaser security agreement, dated 4 April 2007 (as amended and restated) and a purchaser supplemental security agreement dated 12 May
2008 between the Bank and the 

  
 1 

	 	 
Borrower (the “UKRRFL Security Agreements”) the assets described in Schedule 2 hereto (the “Borrower’s Released Assets”) were charged to the Bank to secure
repayment of all amounts payable to the Secured Creditors by the Borrower pursuant to the Finance Documents. 

  

	(D)	By a parent undertaking agreement, dated 4 April 2007 (as amended and restated) between, among others, the Bank and the Parent (the “Parent
Undertaking”), the Parent, amongst other things, undertook to cause the due and punctual performance of the Supported Obligations (as defined in the Parent Undertaking) by each of the Sellers and the Servicer. 

 

	(E)	Subject to the Bank giving written notice to the Borrower confirming that all Amounts Outstanding owing to the Bank for its own account in any capacity and all Amounts
Outstanding owing to the Note Purchaser have been unconditionally satisfied the Bank has agreed to release the Released Assets from the Security created pursuant to the Security Agreements, to release the Parent from all of its obligations created
pursuant to the Parent Undertaking and to terminate the Finance Documents subject to and in accordance with this Deed. 

 IN
THIS DEED it is agreed that: 
  

	1.	DEFINITIONS AND INTERPRETATION 

  

	1.1	Definitions 

 “Amounts
Outstanding” has the meaning given to it in Clause 2.1. 
 “Chargor” means any of the Sellers, the
Borrower or the Parent as applicable. 
 “Effective Date” means Monday 23 August 2010. 

“Financing Agreement” means the receivables funding facility made between the Bank and the Borrower originally dated
4 April 2007 (and subsequently a note issuance facility dated 12th May 2008, as amended and restated). 

“Receivables Transfer Agreement” means the receivables transfer agreement made between the Sellers and the Borrower and
originally dated 4 April 2007 (as amended and restated). 
 “Receivables Servicing Agreement” means the
receivables servicing agreement made between Cartus Limited, the Borrower and the Bank and originally dated 4 April 2007. 

“Released Assets” means the Seller’s Released Assets and the Borrower’s Released Assets. 

“Relevant Time” means 11:00am, London time or such later time as the Bank and Cartus Limited may agree. 

“Servicer” means Cartus Limited. 

  
 2 

  

“Security” means a mortgage, charge, pledge, lien or other security interest securing any obligation of any person or any
other agreement or arrangement entered into for a similar purpose. 
 “Security Agreements” means the Cartus
Security Agreements and the UKRRFL Security Agreements. 
  

	2.	FINAL PAYMENT 

  

	2.1	Not later than the Relevant Time on the Effective Date the Borrower shall pay to the Bank in immediately available funds for value on the Effective Date (i) all
amounts which are accrued due from the Borrower to the Note Purchaser or the Bank, up to and including the Effective Date, under the Finance Documents; and (ii) the principal amount outstanding under the Note Purchase Facility Agreement, by
transfer of (i) £12,327,941 to LMA’s account held with CA-CIB Paris (SWIFT Code : BSUIFRPP ; Account Number : 31489 - 00010 - 00216104360) in respect of the principal and other amounts due in respect of the Notes; and
(ii) £15,665.45 to the Bank’s account held with HSBC Bank plc (SWIFT Code : MIDLGB22 ; Sort Code :
 50-10-32 ; Account number : 00492443) (being in aggregate £12,343,606.45, the “Amounts Outstanding”).

  

	2.2	The termination of the Finance Documents as contemplated by this Deed is subject to, and conditional upon, the Bank giving written notice to the Borrower (in the form
set out in Schedule 3) certifying that all Amounts Outstanding have been unconditionally received in immediately available funds and credited to the accounts referred to in Clause 2.1 for value on the Effective Date. The Bank undertakes to give such
written notice to the Purchaser as soon as practicable and in any event no later that 2 hours after Barclays Bank has confirmed to the Bank that the Amounts Outstanding have been so received and credited. 

 

	3.	TERMINATION OF THE FINANCE DOCUMENTS 

  

	3.1	Subject to Clause 2, with effect from the Effective Date each of the parties hereto agrees that: 

 

	 	(a)	the Finance Documents shall be terminated; provided that, notwithstanding anything herein to the contrary, all terms and provisions in the Finance Documents that
expressly survive a termination shall survive this termination; and 

  

	 	(b)	each of the parties hereto is released and discharged from further obligations or liabilities (if any) to each other party with respect to the Finance Documents and
their respective rights against each other thereunder are cancelled. 

  

	4.	RELEASE 

  

	4.1	 On termination of the Finance Documents in accordance with Clause 3.1 and on the basis that the Sellers, the Servicer and the Parent each hereby
confirms to the Bank that it has received payment of, or waived irrevocably, all amounts accrued due to it under the Finance Documents and that the Borrower has no further liability of any kind to it under the Finance Documents, the Bank hereby
unconditionally and irrevocably releases and discharges (i) all the Released Assets from any and all Security created pursuant to the Security Agreements 

  
 3 

 
and reassigns and reconveys to each of the Sellers or, as applicable, to the Borrower all right, title and interest of the Bank in and to the Released Assets assigned, granted or transferred to
it pursuant to the terms of the Security Agreements; and (ii) the Parent from its undertakings created pursuant to the Parent Undertaking. 
  

	5.	FURTHER ASSURANCE 

Subject to the performance by the Borrower of its obligations under Clause 2.1, the Bank agrees, at the expense of the relevant Chargor,
to do all such things and execute such further documents as may reasonably be required by the Chargor to give effect to the provisions of this Deed. 
  

	6.	COUNTERPARTS 

 This Deed
may be executed in any number of counterparts, and by each party on separate counterparts. Each counterpart is an original, but all counterparts shall together constitute one and the same instrument. 

 

	7.	GOVERNING LAW 

 This Deed
and any non-contractual obligations arising out of or in relation to this Deed shall be governed by, and construed in accordance with, English law. 
  

	8.	THIRD PARTIES 

 The terms
of this Deed may be enforced only by a party to it and the operation of the Contracts (Rights of Third Parties) Act 1999 is excluded. 

  
 4 

  
 SCHEDULE 1

 Secured Assets means: 
  

	 	1.	The assets subject to a fixed charge being all of the Seller’s right, title, interest and benefit, existing at the time of the Security Agreement and those created
or existing thereafter in any freehold or leasehold properties wheresoever situated at the time of the Security Agreement or thereafter belonging to it; 

  

	 	2.	The assets subject to a floating charge being, the whole of the Seller’s undertaking and assets existing at the time of the Security Agreement and those created or
existing thereafter, other than assets validly and effectively charged or assigned by way of fixed security pursuant to paragraph 1 above; and 

  

	 	3.	Any other Security granted by a Seller to the Bank pursuant to the Cartus Security Agreements. 

  
 5 

  
 SCHEDULE 2

 Words and expressions defined in the UKRRFL Security Agreements shall have the same meanings in this Deed unless they are expressly
defined herein. 
 Secured Assets means: 
  

	 	1.	All of the Borrower’s right, title, interest and benefit (existing at the time of the UKRRFL Security Agreements and those created or existing thereafter) in, to
and under: 

  

	 	(i)	the Affected Assets; 

  

	 	(ii)	Any Insurances relating to the Affected Assets; and 

  

	 	(iii)	the Transaction Documents, including the UKRRFL Security Agreements, 

 in each case, including all rights to receive payment of any amounts which became or may become payable to the Borrower, all payments received by the Borrower, all rights to serve notices and /or make
demands and/or take such steps as are required to cause payments to become due and payable, under any of the same and all rights of action in respect of any breach of any of the same and all rights to receive damages or obtain other relief in
respect of any of the same; 
  

	 	2.	All of the Borrower’s right, title, interest and benefit existing now or in the future 

 

	 	(i)	as beneficiary of the Transaction Trust; and 

  

	 	(ii)	in the Transaction Trust Property; and 

  

	 	(iii)	as beneficiary of the trust declared pursuant to Clause 2.6 (Payment of the Expenses of Realisation from the Transaction Trust Property) of the Receivables
Transfer Agreement; and 

  

	 	(iv)	in the Collection Account Trust Property; and 

 all of the Borrower’s right, title, interest and benefit, existing at the time of the UKRRFL Security Agreements and those created or existing thereafter, in and to all moneys, rights, powers and
property whatsoever which may from time to time and at any time be distributed or derived from, or accrues on or relate to: 
  

	 	(v)	the Transaction Trusts; and 

  

	 	(vi)	the Transaction Trust Property; and 

  
 6 

  

	 	(vii)	the trust declared pursuant to clause 2.6 (Declaration of Trust in respect of the Collection Accounts) of the Receivables Transfer Agreement; and the Collection
Account Trust Property, 

 in any way whatsoever including all rights to receive payment of any amount which became
or may become payable to it thereunder and all payments received by it thereunder and also including, without limitation, all rights to serve notices and/or make demands and/or otherwise act thereunder and pursuant thereto and all rights of action
in respect of any breach thereof and all rights to receive damages or obtain other relief in respect thereof; 
  

	 	3.	The assets subject to a fixed charge being all of the Borrower’s right, title, interest and benefit, existing at the time of the Security Agreement and those
created or existing thereafter in, to and under each bank account, including any Purchaser Account and all sums of money which existed at the time of the Security Agreement and those created or existing thereafter are from time to time, standing to
the credit of any of those accounts together with all interest accruing form time to time on those balances and the debts represented by those balances and the benefit of all covenants relating to those accounts and all powers and remedies for
enforcing the same; 

  

	 	4.	The assets subject to a floating charge being the whole of the Borrower’s undertaking and assets existing at the time of the Security Agreement and those created
or existing thereafter, other than assets validly and effectively charged or assigned by way of fixed security under or pursuant to the Security Agreement or any other Transaction Document; 

 

	 	5.	All of the Borrower’s right, title, interest and benefit (existing at the time of the UKRRFL Security Agreements and those created or existing thereafter) in, to
and under: 

  

	 	(viii)	the Security Agreement between Cartus Limited, the Funding Agent and the Borrower dated 12 May, 2008; 

 

	 	(ix)	the Security Agreement between Cartus Funding Limited, the Funding Agent and the Borrower dated 12 May 2008; and 

 

	 	(x)	the Security Agreement between Cartus Services Limited, the Funding Agent and the Borrower dated 12 May 2008, 

in each case, including all rights to receive payment of any amounts which became or may become payable to the Borrower, all payments
received by the Borrower, all rights to serve notices and/or make demands and/or to take such steps as are required to cause payments to become due and payable, under any of the same and all rights of action in respect of any breach of any of the
same and all rights to receive damages or obtain other relief in respect of any of the same; and 
  

	 	6.	Any other Security granted by the Borrower to the Bank pursuant to the UKRRFL Security Agreements. 

  
 7 

  
 SCHEDULE 3

 From: CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, LONDON BRANCH 
 To: UK RELOCATION RECEIVABLES FUNDING LIMITED 
 CC: CARTUS LIMITED 

Date: [Insert] 
 Dear Sirs, 

1. We refer to the Deed of Release between, among others, you and us dated [ ] August 2010. Terms defined in, or incorporated by reference into, the Deed
of Release shall have the same meanings in this notice. 
 2. Pursuant to Clause 2.3 of the Deed of Release, we hereby confirm that all Amounts
Outstanding have been unconditionally received in immediately available funds and credited to the accounts referred to in Clause 2.1 of the Deed of Release for value on the Effective Date in accordance with Clause 2 of the Deed of Release.

 Yours faithfully 
  

			
		
	  
	 	

 authorised signatory for 
 CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, LONDON BRANCH 

  
 8 

  
 EXECUTED as a deed and
delivered on the date stated at the beginning of this Deed. 
  

					
	EXECUTED and delivered as a deed by	  	)	  	
	CARTUS LIMITED	  	)	  	/s/Robert Abbott
	acting by	  	)	  	Robert Abbott
	a director and authorised signatory	  	 )
 )
	  	Director
	and acting by	  	 )
 )
	  	 /s/Jeremy Spring

Jeremy Spring

	a director/company secretary and authorised signatory	  	)	  	Director/Company Secretary
			
	EXECUTED and delivered as a deed by	  	)	  	
	CARTUS FUNDING LIMITED	  	)	  	/s/Robert Abbott
	acting by	  	)	  	Robert Abbott
	a director and authorised signatory	  	 )
 )
	  	Director
	and acting by	  	 )
 )
	  	 /s/Jeremy Spring

Jeremy Spring

	a director/company secretary and authorised signatory	  	)	  	Director/Company Secretary
			
	EXECUTED and delivered as a deed by	  	)	  	
	CARTUS SERVICES LIMITED	  	)	  	/s/Robert Abbott
	acting by	  	)	  	Robert Abbott
	a director and authorised signatory	  	 )
 )
	  	Director
	and acting by	  	 )
 )
	  	 /s/Jeremy Spring

Jeremy Spring

	a director/company secretary and authorised signatory	  	)	  	Director/Company Secretary
			
	EXECUTED and delivered as a deed by	  	)	  	
	 UK RELOCATION RECEIVABLES FUNDING
 LIMITED
	  	 )
 )
	  	 /s/Claudia Wallace

Claudia Wallace

	acting by	  	)	  	Director
	a director and authorised signatory	  	 )
 )
	  	Per pro SFM Directors Limited as Director
	and acting by	  	 )
 )
	  	 /s/Abu Kapadia
 Abu
Kapadia

	a director/company secretary and authorised signatory	  	)	  	 Director/Company Secretary

Per pro SFM Directors (No.2) Limited as Director

  
 9 

  

					
	 EXECUTED and delivered as a deed by
	  	)	  	
	 REALOGY CORPORATION
	  	)	  	
	 a company organised and existing under the laws of
	  	)	  	/s/Anthony E. Hull
	 the State of Delaware
	  	 )
	  	 Anthony E. Hull

	 acting by
	  	)	  	Director/Authorised Signatory
		  	 )
 )
	  	
	 and
	  	)	  	Director/Authorised Signatory
	 being persons who, in accordance with the laws of
	  		  	
	that territory, are acting under the authority of the company	  		  	
			
	 EXECUTED and delivered as a deed by
	  	)	  	
	 LMA S.A.
	  	)	  	/s/Richard Sinclair
	 acting by
	  	)	  	Richard Sinclair
	 an authorised signatory
	  	 )
 )
	  	Authorised/Signatory
			
	 EXECUTED as a deed by
	  	)	  	
	 CRÉDIT AGRICOLE CORPORATE AND
	  	)	  	
	 INVESTMENT BANK, LONDON BRANCH
	  	)	  	
	 acting by
	  	 )
 )
	  	 /s/Glen Barnes
 Glen
Barnes

	 and
	  	 )
 )
	  	Director/Authorised Signatory
		  	)	  	/s/Marc Wolf
	 In the presence of
	  	)	  	Marc Wolf
	 /s/ Sau-Ling Foong
	  		  	Director/Authorised Signatory
			
	 Witness name: Sau-Ling Foong
	  		  	
	 Witness address: Credit Agricole CIB
	  		  	
	 Sappold Street London EC21-2DA
	  		  	

  
 10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00180-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00180-of-00352.parquet"}]]